GOLDIAM INTERNATIONAL LIMITED
MANUFACTURERS & EXPORTERS OF JEWELLERY
REGISTERED OFFICE 
GEMS & JEWELLERY COMPLEX
SEEPZ , ANDHERI (EAST)
MUMBAI  -400096
Unaudited Financial Results for the Quarter ended on 31st December,2007
   
                      (Rs.in Lacs)
    Figures for the  Year to date Audited for Consolidated
Sr.               Particulars Quarter Ended on for the period ended on the year ended on Figures for the  Year to date Audited for
No.             Quarter Ended on for the period ended on the year ended on
    31.12.2007 31.12.2006 31.12.2007 31.12.2006 31.03.2007 31.12.2007 31.12.2006 31.12.2007 31.12.2006 31.03.2007
                       
                     
1   Net Sales/ Income from operations           3,818.75              5,452.14             8,393.95             14,040.70               16,554.60         10,410.06            9,289.63      22,630.87   23,534.83                30,398.58
  (Net of VAT)                    
2   Other Income              565.97                 265.39               666.57                 639.45                   568.28              541.46              245.47           659.80        600.07                     402.49
                     
3   Total Income           4,384.72              5,717.52             9,060.51             14,680.15               17,122.88         10,951.52            9,535.10      23,290.67   24,134.90                30,801.07
                     
4   Expenditure                    
                     
a)  (Increase)/decrease in stock in trade             (102.00)                   64.66              (218.08)                   36.46                    (58.06)              (68.13)                 (9.22)          (194.00)         (18.62)                       (6.32)
                     
b)  Consumption of Raw Materials           3,316.87              4,178.21             6,794.89             10,643.29               12,737.94           8,826.44            7,407.43      18,568.47   18,237.39                23,814.53
                     
c)   Purchase of Traded Goods              223.02                   23.56               458.23                   69.70                   104.31              179.88                13.63           378.32          44.73                       60.89
                     
d)   Employees Cost              150.55                 136.58               509.25                 579.92                   788.15              367.51              362.77        1,119.80     1,228.81                  1,685.49
                     
e)   Depreciation                51.10                   52.16               149.78                 123.84                   184.86               96.20                79.80           281.41        229.87                     325.48
                     
f)   Other expenditure              214.66                 236.81               817.03                 801.25                 1,259.65              474.29              463.71        1,539.63     1,366.68                  1,971.08
                     
g)   Total           3,854.21              4,691.98             8,511.10             12,254.46               15,016.84           9,876.19            8,318.12      21,693.64   21,088.88                27,851.14
                     
5   Interest                11.47                   14.70                 27.47                   41.12                     68.61               94.09                74.22           235.44        239.25                     333.49
                     
6   Exceptional Items                     -                          -                        -                          -                            -                      -                       -                   -                 -                              -  
                     
7   Profit(+)/Loss(-) from Ordinary Activities before              519.05              1,010.85               521.94              2,384.57                 2,037.43              981.24            1,142.77        1,361.59     2,806.78                  2,616.44
    tax                    
                     
8   Tax Expenses              166.74                 297.50               181.47                 709.85                   610.50              174.32              298.54           192.11        715.21                     606.76
                     
9   Net Profit(+)/Loss(-) from Ordinary Activities               352.31                 713.34               340.47              1,674.72                 1,426.94              806.93              844.21        1,169.48     2,091.56                  2,009.68
    after tax                    
                     
10   Extraordinary Items ( net of tax Expense                      -                          -                        -                          -                            -                       -                 -                              -  
    Rs.                )                    
                     
11   Minority Interest                     -                          -                        -                          -                            -                112.90                85.82           164.20        247.62                     265.80
                     
12   Net Profit(+)/Loss(-) for the period.              352.31                 713.34               340.47              1,674.72                 1,426.94              694.03              758.40        1,005.28     1,843.94                  1,743.88
                        
13   Paid up Equity Share Capital           2,703.28              2,698.28             2,703.28              2,698.28                 2,703.28           2,703.28            2,698.28        2,703.28     2,698.28                  2,703.28
    (Face Value Rs.10/-)                    
                     
14   Reserves excluding revaluation                     -                          -                        -                          -                 14,342.60                     -                 -                  15,172.06
    reserves                    
                     
15   Earning Per Share (EPS)                    
  a) Basic and diluted EPS before Extraordinary                    
      items for the period for the year to date and                     
      for the previous year ( not to be annualised)                 1.30                    2.64                   1.26                     6.21                       5.28                 2.57                  2.81              3.72           6.83                        6.45
                     
  b) Basic and diluted EPS after Extraordinary                    
      items for the period for the year to date and                     
      for the previous year ( not to be annualised)                 1.30                    2.64                   1.26                     6.21                       5.29                 2.57                  2.81              3.72           6.83                        6.46
                     
16 Public Shareholdiang                    
  a) No. of Shares   13,287,263.00      12,402,263.00     13,287,263.00      12,402,263.00         13,302,263.00                     -                 -                              -  
  b) Percentage of shareholding                49.15                   45.96                 49.15                   45.96                     49.21                     -                 -                              -  
                     
                       
   
Segment wise Revenue,Results and Capital Employed under Clause 41of the Listing Agreement
  (Rs.in Lacs)
    Figures for the  Year to date Audited for Consolidated
Sr.               Particulars Quarter Ended on for the period ended on the year ended on Figures for the  Year to date Audited for
No.             Quarter Ended on for the period ended on the year ended on
    31.12.2007 31.12.2006 31.12.2007 31.12.2006 31.03.2007 31.12.2007 31.12.2006 31.12.2007 31.12.2006 31.03.2007
                       
1 Segment Revenue :                    
  a) Jewellery           3,841.41              5,451.90             8,448.03             14,045.68               16,653.65         10,413.27            9,303.95      22,690.90   23,574.24                30,482.35
  b) Investments              543.32                 265.63               612.48                 634.47                   469.23              538.25              231.15           599.77        560.66                     318.72
  Total           4,384.73              5,717.53             9,060.51             14,680.15               17,122.88         10,951.52            9,535.10      23,290.67   24,134.90                30,801.07
  Less : Inter Segment Revenue                     -                          -                        -                          -                            -                      -                       -                   -                 -                              -  
  Net Sales/ Income from operation           4,384.73              5,717.53             9,060.51             14,680.15               17,122.88         10,951.52            9,535.10      23,290.67   24,134.90                30,801.07
                       
2 Segment Results :                    
  Profit/(Loss) before tax and interest                    
                       
  a) Jewellery                11.43                 764.46                  (8.54)              1,859.87                 1,778.55              561.30              990.39        1,051.79     2,554.02                  2,772.95
  b) Investments              522.44                 264.16               578.81                 601.37                   372.34              517.36              229.68           566.09        527.57                     221.83
                       
  Total              533.87              1,028.62               570.27              2,461.24                 2,150.89           1,078.66            1,220.07        1,617.88     3,081.59                  2,994.78
                       
  Less : i) Interest                11.47                   14.70                 27.47                   41.12                     68.61               94.08                74.23           235.44        239.25                     333.49
            ii) Other un - allocable expenditure (Net)                 3.34                    3.07                 20.85                   35.55                     44.85                 3.34                  3.07            20.85          35.55                       44.85
                       
  Total Profit Before Tax              519.06              1,010.85               521.95              2,384.57                 2,037.43              981.24            1,142.77        1,361.59     2,806.79                  2,616.44
3 Capital Employed                     
  (Segment Assets - Segment Liabilities)                    
  a) Jewellery         12,865.66            12,459.38           12,865.66             12,459.38               12,564.85         17,128.79          14,848.95      17,128.79   14,848.95                12,932.58
  b) Investments           5,160.94              5,363.43             5,160.94              5,363.43                 3,271.60           5,400.20            5,363.43        5,400.20     5,363.43                  3,271.60
  c) Unallocated assets / (Liabilties)                 42.96                 897.81                 42.96                 897.81                 1,689.13              557.33            1,494.43           557.33     1,494.43                  2,150.86
  Total         18,069.56            18,720.62           18,069.56             18,720.62               17,525.58         23,086.32          21,706.81      23,086.32   21,706.81                18,355.04
                       
   
   
1 The above unaudited consolidated financial results have been subjected to "Limited Review" by the Statutory Auditors of the Company,as per the listing agreement with the stock exchanges and as reviewed by the  Audit
  Committee, were taken on record by the Board of Directors of the Company at its meeting held on 28th January,2008  
2 As per Accounting Standard 17 of Institute of Chartered Accountants of India, from current quarter Company has two segments viz.Jewellery  & Investment Activity.  
3 The Institute of Chartered Accountants of India has issued a revised Accounting Standard (AS-15) of Employee Benefits and is effective from April,2007.The Company is in the process of reviewing its liabilities in  terms of 
  revised Standard, and effect of the same would be given at the year end.  
3 Consolidated financial statements of the Company and its subsidiarIies have been prepared as per Accounting Standard AS 21 issued by The Institute of Chartered Accountants of India      
4 Nine complaints received during the quarter have been replied/redressed.There were no complaints pending at the beginning and end of the quarter.  
5 Tax Expenses includes Current Tax,Deferred Tax and Fringe Benefit Tax.  
6 The Board of Directors have decided at their Meeting held on 28th January,2008, to recommend to the members at the Annual General Meeting addition of object "Real Estate Business" as one of the main objects in the
  Memorandum of Association of the Company.  
7 The Board of Directors have decided to float a 100% Subsidiary for the Share Broking,Securities Investment and Trading Activities.    
8 Company has obtained permission for the Trading division from Seepz Authority and have commenced the business from January,2008  
9 The Stand alone results of the company is available on the Company's website www.goldiam.com and also available on Mumbai Stock Exchange and National Stock Exchange  
  websites www.bseindia.com and www.nseindia.com respectively.  
10 The figures in Rs.Lacs are rounded off to two decimals.  
  For Goldiam International limited
   
   
  Place : Mumbai Rashesh Bhansali
  Dated : 28th January,2008 Vice Chairman & Managing Director
   
                       
depreciation on goodwill
                                   
                                                    GOLDIAM INTERNATIONAL LIMITED  
                                                                          REGISTERED OFFICE                                                                      
                                                               GEMS & JEWELLERy COMPLEX  
                                                                       SEEPy , ANDHERI (EAST)  
                                                                                   MUMBAI  -400096  
   
                                                                                                 Unaudited Financial Results (Provisional) for 2004 and 2005  
    
                                                                                                                                                                                                                (RS.IN LACS)            
                          Current Previous Consolidated Consolidated CONSOLIDATED FIGURES
Sr.               Particulars Quarter Corresponding Nine Months   Nine Months     Six months Six  Three Three For The For The For The For The year ended year Ended accounting accounting FOR THEQUARTER ENDED
No. Ended quarter In Ended on Ended on     Months Months Months quarter quarter quarter quarter 31.3.2008 31.3.2007 year ended year ended            
  On Previous year 31.12.2007 31.12.2006    Ended Ended Ended Ended         (GOLDIAM)   31.03.2008 31.03.2007            
  31.12.2007 Ended On       On 30.09.2006 6/30/2007 6/30/2006 30.09.2007 30.09.2006 31.03.2008 31.03.2007   (Audited) (Audited) 30.06.2007 30.09.2007 31.12.2007 30.06.2006 30.09.2006 31.12.2006
    31.12.2006       30.09.2007                                  
                                                 
1   Net Sales/ Income from operations 3818.75 5452.14 8393.95 14040.70   4575.19 8588.55 2053.87 4265.95 2521.33 4322.60                                                           (8,393.95)         2,513.90   16554.60   30398.58 6049.21 12220.80 22630.87 7521.84 14245.20 23534.83
                                               
2   Other Income 565.97 265.39 666.57 639.45   100.59 374.07 38.25 210.93                       62.35         163.14                                                              (666.57)             (71.17) 568.28   402.49           37.53 118.35 659.80         188.01 354.60 600.07
                                           
3   Total Income           4,384.72              5,717.52             9,060.51             14,680.15                          -             4,675.79            8,962.62        2,092.11     4,476.88                  2,583.67      4,485.74                                                           (9,060.51)         2,442.72                   -         17,122.88               -              30,801.07       6,086.74     12,339.15   23,290.67       7,709.85     14,599.80  24,134.90
                                               
4   Expenditure                                            
                                               
a)  (Increase)/decrease in stock in trade             (102.00)                   64.66              (218.08) 36.46   (116.09) (28.20) (67.14) 14.54 (48.95) (42.75)   (94.51)               (58.06)   (6.32)         (119.83)         (125.87)      (194.00)             6.03            (9.40)       (18.62)
                                               
b)  Consumption of Raw Materials 3316.87 4178.21             6,794.89 10643.29   3478.01 6465.08 1720.65 3428.30 1757.36 3036.78                                                           (6,794.89) 2094.65   12737.94   23814.53       5,100.14 9742.03 18568.47       6,010.62 10829.96 18237.39
                                               
c)   Purchase of Traded Goods 223.02 23.56               458.23 69.70   235.22 46.14 48.25 40.28 186.97 5.86   34.60   104.31   60.89 32.50 198.45 378.32 28.91 31.10 44.73
                                               
d)   Employees Cost 150.55 136.58               509.25 579.92   358.69 443.34 163.96 174.24 194.74 269.10                                                              (509.25) 208.22   788.15   1685.49 363.29 752.29 1119.80 394.15 866.04 1228.81
                                               
e)   Depreciation 51.10 52.16 149.78 123.84   98.68 71.67 48.40 30.74 50.28 40.93                                                              (149.78) 61.02   184.86   325.48 91.24 185.21 281.41 67.51 150.08 229.87
                                               
f)   Other expenditure 214.66 236.81               817.03 801.25 602.37 564.45 265.09 272.53 337.29 291.92                                                              (817.03) 458.40   1259.65   1971.08 506.12 1065.34 1539.63 443.72 902.97 1366.68
     
g)   Total 3854.21 4691.98 8511.10 12254.46 0.00 4656.90 7562.47 2179.21 3960.63 2477.69 3601.84 -8270.95 2762.38 0.00 15016.84 0.00 27851.14 5973.46 11817.45 21693.64 6950.96 12770.76 21088.88
                                               
5   Interest 11.47 14.70 27.47 41.12   16.00 26.42 10.72 13.64 5.29 12.77                                                                (27.47) 27.48   68.61   333.49 73.00 141.36 235.44 85.11 165.02 239.25
                                               
6   Exceptional Items   0              -   0 0 0
                                               
7   Profit(+)/Loss(-) from Ordinary Activities before 519.05 1010.85 521.94 2384.57 0.00 2.89 1373.73           (97.81) 502.60 100.70 871.12 -762.09           (347.14) 0.00 2037.43 0.00 2616.44 40.28 380.35 1361.59 673.78 1664.01 2806.78
    tax                                            
                                               
8   Tax Expenses              166.74                 297.50 181.47 709.85                 14.73              412.35 2.62 143.86                       12.11 268.49 0             (99.34)   610.50   606.76 2.52 17.80 192.11 140.81         416.67 715.21
                                               
9   Net Profit(+)/Loss(-) from Ordinary Activities  352.31 713.34 340.47 1674.72 0.00              (11.84) 961.38          (100.43) 358.74 88.59 602.63 -762.09           (247.79) 0.00 1426.94 0.00 2009.68 37.76 362.55 1169.48 532.97 1247.35 2091.56
    after tax                                            
                                               
10   Extraordinary Items ( net of tax Expense    0.00 0.00 0.00 0.00 0.00 0.00                 -   0.00 0.00 0.00                                                                      -   0.00 0.00 0.00 0.00 0.00                -   0.00 0.00 0.00 0.00 0.00
    Rs.                )                                            
                                               
11   Minority Interest                                                265.80           16.38 51.30       164.20         105.92 161.81 247.62
                                               
12   Net Profit(+)/Loss(-) for the period.              352.31                 713.34               340.47              1,674.72                          -                (11.84)              961.38          (100.43)        358.74                       88.59         602.63                                                              (762.09)           (247.79)                   -           1,426.94               -                1,743.88           21.38          311.25    1,005.28         427.05       1,085.53    1,843.94
                                                  
13   Paid up Equity Share Capital 2703.28 2698.28 2703.28 2698.28   2703.28 2698.28 2703.28 2698.28 2703.28 2698.28                                                            2,703.28 2703.28   2703.28   2703.28 2703.28 2703.28 2703.28 2698.28 2698.28 2698.28
    (Face Value Rs.10/-)                                              
                                                 
14   Reserves excluding revaluation     0.00 0.00   0.00 0.00 0.00             14342.60   15172.06            
    reserves                                              
                                                 
15   Earning Per Share (EPS)                                              
  a) Basic and diluted EPS before Extraordinary                                              
      items for the period for the year to date and                                               
      for the previous year ( not to be annualised) 1.30 2.64 1.26 6.21   -0.04 3.56             (0.37) 1.33 0.33 2.23                                                                      -                (0.92)   5.28   6.45             0.08 1.15 3.72 1.58 4.02 6.83
     
  b) Basic and diluted EPS after Extraordinary  
      items for the period for the year to date and                                               
      for the previous year ( not to be annualised) 1.30 2.64 1.26 6.21   -0.04 3.56             (0.37) 1.33 0.33 2.23                                                                 (2.82)              (0.92)   5.29   6.46             0.08 1.15 3.72 1.58 4.02 6.83
                                                 
16 Public Shareholdiang                                              
  a) No. of Shares 13287263 12402263 13287263 12402263   13287263 12485799 13302263 12514241 13287263 12485799 13302263 13302263   13302263                
  b) Percentage of shareholding 49.15 45.96 49.15 45.96   49.15 46.27 49.21 46.38 49.15 46.27 49.21 49.21   49.21                
                                                 
                                   
  1)            The above unaudited quarterly Financial Results of the Company have been taken on  record by the Board of Directors   
     at the meeting held on 14th January,2000.  
   
#2)             The Company has bought back 1900 Equity shares of Rs.10/- each at the rate of Rs.32.50 per share during the quarter under review.  
   
   
   
                                                                                                                       FOR  GOLDIAM INTERNATIONAL  LTD  
   
   
        Place : Mumbai                                                                                               Rashesh M.Bhansali  
        Dated:  14th Janauary,2000                                                                        MANAGING DIRECTOR