
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 31^st December, 2009
											(Rs.in Lacs)
		Figures for the		Year to date for		Audited for the	Consolidated
Sr.	Particulars	Quarter Ended on		the period ended on		year ended on	Figures for the		Year to date for		Audited for the
No.							Quarter Ended on		the period ended on		year ended on
		31.12.2009	31.12.2008	31.12.2009	31.12.2008	31.03.2009	31.12.2009	31.12.2008	31.12.2009	31.12.2008	31.03.2009


1	Net Sales/ Income from operations	1,461.30	1,816.72	4,498.83	4,583.22	5,593.97	4,855.21	6,610.86	13,590.29	18,790.12	21,282.26

2	Expenditure

a)	(Increase)/decrease in stock in trade	127.52	81.64	93.80	99.67	231.80	268.28	(376.03)	(96.19)	(252.56)	(365.86)

b)	Consumption of Raw Materials	778.99	1,227.30	2,558.03	3,254.66	3,735.61	3,543.24	5,410.97	9,738.40	14,955.65	15,928.46

c)	Purchase of Traded Goods	77.00	25.35	608.63	352.63	959.92	60.01	25.35	616.74	352.63	1,150.76

d)	Employees Cost	145.35	335.06	463.52	619.42	692.22	210.75	626.75	821.73	1,388.75	1,695.16

e)	Depreciation	31.79	38.29	91.06	114.63	163.45	29.86	93.18	183.33	246.80	327.24

f)	Other expenditure	135.19	662.58	889.53	1,653.22	1,788.33	430.84	1,038.30	2,090.08	2,623.88	3,322.82

g)	Total	1,295.83	2,370.21	4,704.57	6,094.23	7,571.33	4,542.96	6,818.50	13,354.08	19,315.14	22,058.58

3	Profit from Operations before Other Income,
	Interest & Exceptional Items (1-2)	165.47	(553.49)	(205.74)	(1,511.01)	(1,977.36)	312.25	(207.64)	236.21	(525.02)	(776.33)

4	Other Income	426.94	67.32	663.64	251.75	596.52	413.44	68.65	607.81	161.50	488.57

5	Profit before Interest & Exceptional
	Items (3+4)	592.41	(486.17)	457.90	(1,259.26)	(1,380.84)	725.67	(139.01)	844.01	(363.53)	(287.76)

6	Interest	4.53	1.29	8.31	7.96	14.07	95.57	113.68	330.86	235.39	312.34

7	Profit after Interest but before Exceptional
	Items (5-6)	587.88	(487.46)	449.59	(1,267.21)	(1,394.90)	630.11	(252.67)	513.16	(598.91)	(600.10)

8	Exceptional Items	-	-	-	-	-	-	-	-	-	-

9	Profit(+)/Loss(-) from Ordinary Activities	587.88	(487.46)	449.59	(1,267.21)	(1,394.90)	630.11	(252.67)	513.16	(598.91)	(600.10)
	before tax (7+8)

10	Tax Expenses	10.10	4.56	(29.44)	12.92	(32.60)	21.32	5.57	(36.58)	26.21	(68.80)

11	Net Profit(+)/Loss(-) from Ordinary Activities	577.79	(492.01)	479.03	(1,280.13)	(1,362.30)	608.79	(258.24)	549.74	(625.12)	(531.30)
	after tax(9-10)

12	Extraordinary Items (net of tax expense Rs. Nil)	-	-	-	-	-	-	-	-	-	-

13	Minority Interest	-	-	-	-	-	19.61	5.41	(77.33)	(82.59)	(36.76)

14	Net Profit(+)/Loss(-) for the period.(11-12-13)	577.79	(492.01)	479.03	(1,280.13)	(1,362.30)	589.18	(263.65)	627.07	(542.53)	(494.53)

15	Paid up Equity Share Capital (Face Value Rs.10/-)	2,507.40	2,554.60	2,507.40	2,554.60	2,554.60	2,507.40	2,554.60	2,507.40	2,554.60	2,554.60

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)
	-Basic	2.30	(1.93)	1.91	(5.01)	(5.33)	2.35	(1.03)	2.50	(2.12)	(1.94)
	-Diluted	2.26	(1.93)	1.88	(5.01)	(5.24)	2.31	(1.03)	2.46	(2.12)	(1.90)

	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)
	-Basic	2.30	(1.93)	1.91	(5.01)	(5.33)	2.35	(1.03)	2.50	(2.12)	(1.94)
	-Diluted	2.26	(1.93)	1.88	(5.01)	(5.24)	2.31	(1.03)	2.46	(2.12)	(1.90)

18	Public Shareholding
	a) No. of Shares	11,525,925	11,800,459	11,525,925	11,800,459	11,997,896	11,525,925	11,800,459	11,525,925	11,800,459	11,997,896
	b) Percentage of Shareholding	45.97%	46.19%	45.97%	46.19%	46.97%	45.97%	46.19%	45.97%	46.19%	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%	100%	100%	100%	100%	100%	100%	100%	100%	100%
	- Percentage of shares ( as a % of the total
	share capital of the company)	54.03%	53.81%	54.03%	53.81%	53.03%	54.03%	53.81%	54.03%	53.81%	53.03%


1	The above results for the quarter ended 31^st December, 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 29^th January, 2010.

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	Employees cost includes amortisation of Voluntary Retirement Expenses of Rs.1.25 crores, Rs.3.75 crores and Rs.0.74 crores for the quarter ended 31.12.2009, period ended 31.12.2009 and year ended 31.03.2009 respectively and of Rs. Nil for the corresponding quarter & period for the previous year. Further, in respect of the consolidated results, employee cost includes amortisation of Voluntary Retirement Expenses of Rs.1.43 crores, Rs. 4.30 crores and Rs.0.92 crores for the quarter ended 31.12.2009, period ended 31.12.2009 and year ended 31.03.2009 respectively and of Rs. Nil for the corresponding quarter & period for the previous year.



4	Other expenditure includes foreign currency profit of Rs.0.08 crores, loss of Rs.5.67 crores and loss of Rs.12.03 crores for the quarter ended 31.12.2009, period ended 31.12.2009 and year ended 31.03.2009 respectively and loss of Rs. 4.87 crores & loss of Rs.11.28 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.0.56 crores, Rs. 8.66 crores and Rs.15.53 crores for the quarter ended 31.12.2009, period ended 31.12.2009 and year ended 31.03.2009 respectively and loss of Rs. 5.44 crores & loss of Rs.12.48 crores for the corresponding quarter & period for the previous year.




5	Tax Expenses includes Current Tax & Deferred Tax for the quarter and period ended on 31.12.2009 and also includes Fringe Benefit Tax in addition to Current Tax and Deferred Tax for the quarter and period ended on 31.12.2008 and year ended on 31.03.2009.

6	Three complaints received during the quarter have been replied/redressed. There were no complaints pending at the beginning and end of the quarter.
7	The Company has on January 7, 2010 completed the Buy-back of all the Equity Shares authorised to be bought back, i.e. 6,00,000 Equity Shares as stated in the Announcement dated December 8, 2009, for a total consideration of approximately Rs.2.32 crores (exclusive of Brokerage, STT and other charges) and all the Equity Shares bought back have been extinguished.


8	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 websites www.bseindia.com and www.nseindia.com respectively.

9	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		Audited for	Consolidated
Sr.	Particulars	Quarter Ended on		for the period ended on		for the Year	Figures for the		Year to date		Audited for the
No.						ended on	Quarter Ended on		for the period ended on		Year ended on
		31.12.2009	31.12.2008	31.12.2009	31.12.2008	31.03.2009	31.12.2009	31.12.2008	31.12.2009	31.12.2008	31.03.2009

A	PRIMARY SEGMENT:
1	Segment Revenue :
	a) Jewellery	1,675.01	1,798.03	4,787.55	4,588.67	5,692.79	5,068.87	6,616.28	13,885.44	18,790.12	21,409.08
	b) Investments	213.16	83.77	374.92	244.07	406.23	199.79	63.23	312.67	161.50	224.94
	Total	1,888.18	1,881.80	5,162.48	4,832.74	6,099.02	5,268.66	6,679.51	14,198.11	18,951.62	21,634.02
	Less : Inter Segment Revenue	-	-	-	-	-	-	-	-	-	-
	Net Sales/ Income from Operations	1,888.18	1,881.80	5,162.48	4,832.74	6,099.02	5,268.66	6,679.51	14,198.11	18,951.62	21,634.02

2	Segment Results :
	Profit/(Loss) before tax and interest

	a) Jewellery	387.26	(561.93)	109.01	(1,465.12)	(1,740.59)	567.60	(181.18)	639.23	(476.38)	(388.87)
	b) Investments	210.66	77.90	372.26	224.69	390.82	197.29	51.99	310.01	139.35	206.74

	Total	597.92	(484.03)	481.27	(1,240.43)	(1,349.77)	764.88	(129.19)	949.23	(337.03)	(182.13)

	Less : i) Interest	4.53	1.29	8.31	7.96	14.07	95.57	113.68	330.86	235.39	312.34
	ii) Other un - allocable expenditure (Net)	5.50	2.14	23.36	18.82	31.06	39.20	9.81	105.21	26.49	105.63

	Total Profit Before Tax	587.88	(487.46)	449.59	(1,267.21)	(1,394.92)	630.11	(252.67)	513.16	(598.91)	(600.10)

3	Capital Employed

	a) Jewellery	6,742.96	10,346.01	6,742.96	10,346.01	6,992.15	9,733.91	13,057.67	9,733.91	13,057.67	10,685.72
	b) Investments	8,078.05	3,629.85	8,078.05	3,629.85	7,115.77	6,803.28	3,635.02	6,803.28	3,635.02	5,175.86
	c) Unallocated assets / (Liabilties)	984.03	1,603.65	984.03	1,603.65	1,389.42	1,749.94	3,221.55	1,749.94	3,221.55	2,021.20
	Total	15,805.05	15,579.51	15,805.05	15,579.51	15,497.34	18,287.13	19,914.24	18,287.13	19,914.23	17,882.77


B	SECONDARY SEGMENT
1	Segment Revenue :
	Within India	(86.08)	(2.14)	(84.44)	(117.43)	(166.05)	4.66	(2.14)	6.30	(117.43)	(762.18)
	Exports Outside India	473.33	(559.79)	193.44	(1,347.69)	(1,574.55)	562.93	(179.04)	632.92	(358.95)	373.31

	Total Revenue	387.26	(561.93)	109.01	(1,465.12)	(1,740.59)	567.60	(181.18)	639.23	(476.38)	(388.87)

2	Segment Assets
	Within India	133.66	605.35	133.66	605.35	484.38	76.12	605.35	76.12	605.35	196.62
	Exports Outside India	8,332.73	11,950.75	8,332.73	11,950.75	8,490.95	19,474.36	25,278.16	19,474.36	25,278.16	22,031.25

	Total Assets	8,466.39	12,556.10	8,466.39	12,556.09	8,975.33	19,550.48	25,883.51	19,550.48	25,883.51	22,227.87

3	Segment Liabilities
	Within India	13.71	32.02	13.71	32.02	15.29	13.71	32.02	13.71	32.02	15.87
	Exports Outside India	1,709.73	2,178.07	1,709.73	2,178.07	1,967.89	9,802.86	12,793.82	9,802.86	12,793.82	11,526.29

	Total Liabilities	1,723.43	2,210.09	1,723.43	2,210.09	1,983.18	9,816.57	12,825.84	9,816.57	12,825.84	11,542.15



1	The Company has identified Two Reportable Segments viz. Jewellery Manufacturing and Investment Activity. Segments have been identified and reported taking into account nature of products and services, the different risks and returns and the internal business reporting systems.

2	The Company has identified Geographic Segments as its Secondary Segment. 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 : 29^th January, 2010								Vice Chairman & Managing Director