| 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 30th September, 2009 | |||||||||||
| (Rs.in Lacs) | |||||||||||
| Figures for the | Year to date for the period ended on | Audited for the year ended on | Consolidated | ||||||||
| Sr. | Particulars | Quarter ended on | Figures for the Quarter ended on | Year to date for the period ended on | Audited for the year ended on | ||||||
| No. | |||||||||||
| 30.09.2009 | 30.09.2008 | 30.09.2009 | 30.09.2008 | 31.03.2009 | 30.09.2009 | 30.09.2008 | 30.09.2009 | 30.09.2008 | 31.03.2009 | ||
| 1 | Net Sales/ Income from operations | 2,048.22 | 873.62 | 3,037.53 | 2,766.50 | 5,593.97 | 4,749.04 | 5,600.20 | 8,735.08 | 12,179.26 | 21,282.26 |
| 2 | Expenditure | ||||||||||
| a) | (Increase)/decrease in stock in trade | (17.21) | 69.31 | (33.72) | 18.03 | 231.80 | (236.31) | 114.80 | (364.47) | 123.47 | (365.86) |
| b) | Consumption of Raw Materials | 1,283.23 | 651.44 | 1,779.04 | 2,027.36 | 3,735.61 | 3,332.33 | 4,404.40 | 6,195.16 | 9,544.68 | 15,928.46 |
| c) | Purchase of Traded Goods | 352.97 | 70.41 | 531.63 | 327.28 | 959.92 | 378.07 | 70.41 | 556.73 | 327.28 | 1,150.76 |
| d) | Employees Cost | 153.63 | 152.06 | 318.17 | 284.36 | 692.22 | 317.88 | 259.44 | 610.98 | 762.00 | 1,695.16 |
| e) | Depreciation | 30.31 | 38.40 | 59.27 | 76.34 | 163.45 | 83.25 | 77.57 | 153.47 | 153.62 | 327.24 |
| f) | Other expenditure | 420.64 | 435.71 | 754.34 | 990.64 | 1,788.33 | 698.45 | 886.61 | 1,659.24 | 1,585.58 | 3,322.82 |
| g) | Total | 2,223.56 | 1,417.33 | 3,408.73 | 3,724.01 | 7,571.33 | 4,573.67 | 5,813.23 | 8,811.10 | 12,496.63 | 22,058.58 |
| 3 | Profit from Operations before Other | ||||||||||
| Income, Interest & Exceptional Items | |||||||||||
| (1-2) | (175.34) | (543.71) | (371.20) | (957.51) | (1,977.36) | 175.37 | (213.03) | (76.03) | (317.37) | (776.33) | |
| 4 | Other Income | 156.51 | 15.35 | 236.70 | 184.43 | 596.52 | 113.76 | (72.57) | 194.37 | 92.85 | 488.57 |
| 5 | Profit before Interest & Exceptional | ||||||||||
| Items | |||||||||||
| (3+4) | (18.83) | (528.36) | (134.50) | (773.08) | (1,380.84) | 289.13 | (285.60) | 118.34 | (224.52) | (287.76) | |
| 6 | Interest | 2.17 | 2.50 | 3.79 | 6.67 | 14.07 | 116.66 | 66.06 | 235.29 | 121.71 | 312.34 |
| 7 | Profit after Interest but before exceptional | ||||||||||
| Items.(5-6) | (21.01) | (530.86) | (138.29) | (779.75) | (1,394.90) | 172.47 | (351.66) | (116.95) | (346.23) | (600.10) | |
| 8 | Exceptional Items | - | - | - | - | - | - | - | - | - | - |
| 9 | Profit(+)/Loss(-) from Ordinary Activities | (21.01) | (530.86) | (138.29) | (779.75) | (1,394.90) | 172.47 | (351.66) | (116.95) | (346.23) | (600.10) |
| before tax (7+8) | |||||||||||
| 10 | Tax Expenses | (48.39) | 4.88 | (39.53) | 8.36 | (32.60) | (60.98) | 19.73 | (57.89) | 20.64 | (68.80) |
| 11 | Net Profit(+)/Loss(-) from Ordinary Activities | 27.39 | (535.74) | (98.75) | (788.11) | (1,362.30) | 233.45 | (371.39) | (59.05) | (366.87) | (531.30) |
| after tax(9-10) | |||||||||||
| 12 | Extraordinary Items ( net of Tax Expense | - | - | - | - | - | - | - | - | ||
| Rs. Nil ) | |||||||||||
| 13 | Minority Interest | - | - | - | - | - | 22.13 | (55.27) | (96.95) | (87.99) | (36.76) |
| 14 | Net Profit(+)/Loss(-) for the period.(11-12-13) | 27.39 | (535.74) | (98.75) | (788.11) | (1,362.30) | 211.32 | (316.12) | 37.89 | (278.88) | (494.53) |
| 15 | Paid up Equity Share Capital | 2,554.60 | 2,588.16 | 2,554.60 | 2,588.16 | 2,554.60 | 2,554.60 | 2,588.16 | 2,554.60 | 2,588.16 | 2,554.60 |
| (Face Value Rs.10/-) | |||||||||||
| 16 | Reserves excluding revaluation reserves as | - | - | - | - | 12,942.74 | - | - | - | - | 15,328.17 |
| per balance sheet of previous accounting year | |||||||||||
| 17 | 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) | 0.11 | (2.07) | (0.39) | (3.05) | (5.33) | 0.83 | (1.22) | 0.15 | (1.08) | (1.94) | |
| 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) | 0.11 | (2.07) | (0.39) | (3.05) | (5.24) | 0.83 | (1.22) | 0.15 | (1.08) | (1.90) | |
| 18 | Public Shareholding | ||||||||||
| a) No. of Shares | 11,997,896 | 12,136,070 | 11,997,896 | 12,136,070 | 11,997,896 | 11,997,896 | 12,136,070 | 11,997,896 | 12,136,070 | 11,997,896 | |
| b) Percentage of Shareholding | 46.97% | 46.89% | 46.97% | 46.89% | 46.97% | 46.97% | 46.89% | 46.97% | 46.89% | 46.97% | |
| 19 | Promoters and promoter group Shareholding | ||||||||||
| a) Pledged/Encumbered | |||||||||||
| Number of shares | Nil | Nil | Nil | Nil | Nil | Nil | Nil | Nil | Nil | Nil | |
| Percentage of shares ( as a % of the total | |||||||||||
| shareholding of promoter and promoter | |||||||||||
| group) | Nil | Nil | Nil | Nil | Nil | Nil | Nil | Nil | Nil | Nil | |
| Percentage of shares ( as a % of the total | |||||||||||
| share capital of the company) | Nil | Nil | Nil | Nil | Nil | Nil | Nil | Nil | Nil | Nil | |
| b) Non-encumbered | |||||||||||
| Number of shares | 13,548,100 | 13,745,537 | 13,548,100 | 13,745,537 | 13,548,100 | 13,548,100 | 13,745,537 | 13,548,100 | 13,745,537 | 13,548,100 | |
| Percentage of shares ( as a % of the total | |||||||||||
| shareholding of promoter and promoter | |||||||||||
| group) | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | |
| Percentage of shares ( as a % of the total | |||||||||||
| share capital of the company) | 53.03% | 53.11% | 53.03% | 53.11% | 53.03% | 53.03% | 53.11% | 53.03% | 53.11% | 53.03% | |
| 1 | The above results for the quarter ended 30th September, 2009 have been subjected to "Limited Review" by the Statutory Auditors of the Company and have been reviewed by the Audit | ||||||||||
| Committee and were taken on record by the Board of Directors of the Company at its meeting held on 30th October, 2009. | |||||||||||
| 2 | Consolidated financial statements of the Company, its subsidiaries and Joint Ventures have been prepared in accordance with Accounting Standards on Consolidated Financial Statements | ||||||||||
| (AS 21 ) and Financial Reporting of Interests in Joint Venture ( AS-27) issued by The Institute of Chartered Accountants of India. | |||||||||||
| 3 | Other expenditure includes foreign currency loss of Rs.4.13 crores, Rs.5.75 crores and Rs.12.03 crores for the quarter ended 30.09.09, period ended 30.09.09 and year ended 31.03.09 | ||||||||||
| respectively and Rs.2.85 crores & Rs.6.41 crores for the corresponding quarter & period for the previous year.Further, in respect of the consolidated results, other expenditure includes | |||||||||||
| foreign currency loss of Rs.1.54 crores, Rs.8.10 crores and Rs.15.53 crores for the quarter ended 30.09.09, period ended 30.09.09 and year ended 31.03.09 respectively, and Rs.3.15 | |||||||||||
| crores & 7.04 crores for the corresponding quarter & period for the previous year. | |||||||||||
| 4 | Tax Expenses includes Current Tax & Deferred Tax for the quarter & period ended on 30.09.09 and also includes Fringe Benefit Tax in addition to Current Tax and Deferred Tax for the | ||||||||||
| quarter & period ended on 30.09.2008 and year ended on 31.03.2009 | |||||||||||
| 5 | Five complaints received during the quarter have been replied/redressed.There were no complaints pending at the beginning and end of the quarter. | ||||||||||
| 6 | The Board of Directors at its Meeting held on 30th October,2009 has approved the Buy-back of its fully paid-up Equity Shares from Open market through Stock Exchanges at a price not exceeding Rs.50/- per Equity Share for an aggregate consideration not exceeding Rs.5.25 crores,representing approximately 3.53% of the paid up equity share capital & free reserves of the Company as on 31.03.2009. | ||||||||||
| 7 | The Stand alone results of the Company are available on the Company's website www.goldiam.com and also available on Bombay Stock Exchange and National Stock Exchange of India | ||||||||||
| websites www.bseindia.com and www.nseindia.com respectively. | |||||||||||
| 8 | The figures in Rs.Lacs are rounded off to two decimals. | ||||||||||
| GOLDIAM INTERNATIONAL LIMITED | |||||||||||
| Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement | |||||||||||
| (Rs.in Lacs) | |||||||||||
| Figures for the | Year to date for the period ended on | Audited for the year ended on | Consolidated | ||||||||
| Sr. | Particulars | Quarter ended on | Figures for the Quarter ended on | Year to date for the period ended on | Audited for the year ended on | ||||||
| No. | |||||||||||
| 30.09.2009 | 30.09.2008 | 30.09.2009 | 30.09.2008 | 31.03.2009 | 30.09.2009 | 30.09.2008 | 30.09.2009 | 30.09.2008 | 31.03.2009 | ||
| A | PRIMARY SEGMENT: | ||||||||||
| 1 | Segment Revenue : | ||||||||||
| a) Jewellery | 2,098.22 | 895.83 | 3,112.54 | 2,790.63 | 5,692.79 | 4,798.88 | 5,650.45 | 8,816.57 | 12,229.51 | 21,409.08 | |
| b) Investments | 100.77 | (6.86) | 161.76 | 160.30 | 406.23 | 82.88 | (122.82) | 112.88 | 42.60 | 224.94 | |
| Total | 2,198.99 | 888.97 | 3,274.30 | 2,950.93 | 6,099.02 | 4,881.76 | 5,527.63 | 8,929.45 | 12,272.11 | 21,634.02 | |
| Less : Inter Segment Revenue | - | - | - | - | - | - | - | - | |||
| Net Sales/ Income from Operations | 2,198.99 | 888.97 | 3,274.30 | 2,950.93 | 6,099.02 | 4,881.76 | 5,527.63 | 8,929.45 | 12,272.11 | 21,634.02 | |
| 2 | Segment Results : | ||||||||||
| Profit/(Loss) before tax and interest | |||||||||||
| a) Jewellery | (112.32) | (511.44) | (278.25) | (903.20) | (1,740.59) | 235.85 | (149.76) | 71.63 | (235.72) | (388.87) | |
| b) Investments | 100.63 | (8.82) | 161.60 | 146.80 | 390.82 | 82.75 | (127.75) | 112.72 | 27.88 | 206.74 | |
| Total | (11.69) | (520.26) | (116.65) | (756.40) | (1,349.77) | 318.60 | (277.51) | 184.35 | (207.84) | (182.13) | |
| Less : i) Interest | 2.17 | 2.50 | 3.79 | 6.67 | 14.07 | 116.66 | 66.06 | 235.29 | 121.71 | 312.34 | |
| ii) Other un-allocable expenditure (Net) | 7.15 | 8.10 | 17.85 | 16.68 | 31.06 | 29.47 | 8.10 | 66.01 | 16.68 | 105.63 | |
| Total Profit Before Tax | (21.01) | (530.86) | (138.29) | (779.75) | (1,394.90) | 172.47 | (351.66) | (116.95) | (346.23) | (600.10) | |
| 3 | Capital Employed | ||||||||||
| a) Jewellery | 5,972.48 | 9,589.20 | 5,972.48 | 9,589.20 | 6,992.15 | 9,526.67 | 14,740.84 | 9,526.67 | 14,740.84 | 10,685.72 | |
| b) Investments | 8,821.49 | 5,906.75 | 8,821.49 | 5,906.75 | 7,115.77 | 7,292.68 | 3,897.66 | 7,292.68 | 3,897.66 | 5,175.86 | |
| c) Unallocated assets / (Liabilties) | 604.62 | 653.80 | 604.62 | 653.80 | 1,389.42 | 1,036.67 | 1,504.96 | 1,036.67 | 1,504.96 | 2,021.20 | |
| Total | 15,398.59 | 16,149.75 | 15,398.59 | 16,149.75 | 15,497.34 | 17,856.02 | 20,143.46 | 17,856.02 | 20,143.46 | 17,882.77 | |
| B | SECONDARY SEGMENT | ||||||||||
| 1 | Segment Revenue : | ||||||||||
| Within India | 12.73 | (99.12) | 1.64 | (115.30) | (166.05) | 12.69 | (99.11) | 1.64 | (115.29) | (762.18) | |
| Exports Outside India | (125.05) | (412.32) | (279.89) | (787.90) | (1,574.55) | 223.16 | (50.65) | 69.99 | (120.43) | 373.31 | |
| Total Revenue | (112.32) | (511.44) | (278.25) | (903.20) | (1,740.59) | 235.85 | (149.76) | 71.63 | (235.72) | (388.87) | |
| 2 | Segment Assets | ||||||||||
| Within India | 83.38 | 620.95 | 83.38 | 620.95 | 484.38 | 76.45 | 620.95 | 76.45 | 620.95 | 196.62 | |
| Exports Outside India | 7,437.67 | 11,882.80 | 7,437.67 | 11,882.80 | 8,490.94 | 19,298.18 | 28,967.63 | 19,298.18 | 28,967.63 | 22,031.25 | |
| Total Assets | 7,521.05 | 12,503.75 | 7,521.05 | 12,503.75 | 8,975.33 | 19,374.63 | 29,588.58 | 19,374.63 | 29,588.58 | 22,227.87 | |
| 3 | Segment Liabilities | ||||||||||
| Within India | 0.66 | 23.83 | 0.66 | 23.83 | 15.29 | 0.66 | 23.83 | 0.66 | 23.83 | 15.87 | |
| Exports Outside India | 1,547.91 | 2,890.72 | 1,547.91 | 2,890.72 | 1,967.89 | 9,847.30 | 14,823.91 | 9,847.30 | 14,823.91 | 11,526.29 | |
| Total Liabilities | 1,548.57 | 2,914.55 | 1,548.57 | 2,914.55 | 1,983.18 | 9,847.96 | 14,847.74 | 9,847.96 | 14,847.74 | 11,542.15 | |
| 1 | The Company has identified Two Reportable Segments viz. Jewellery Manufacturing and Investment Activity. Segment have been identified and reported taking into account nature of | ||||||||||
| products and services, the different risks and returns. | |||||||||||
| 2 | The Company has identified Geographic Segments as its Secondary Segments. Geographic segments of the Company are mainly local market in India and exports out of India. | ||||||||||
| 3 | The capital employed in the respective segments is worked out after considering the operating assets and liabilities that are directly attributable to the segments as well as allocated | ||||||||||
| to the segments on a reasonable basis. | |||||||||||
| For Goldiam International limited | |||||||||||
| Place : Mumbai | Rashesh Bhansali | ||||||||||
| Dated : 30th October,2009 | Vice Chairman & Managing Director | ||||||||||