GOLDIAM INTERNATIONAL LIMITED  
MANUFACTURERS & EXPORTERS OF JEWELLERY  
REGISTERED OFFICE   
GEMS & JEWELLERY COMPLEX  
SEEPZ , ANDHERI (EAST)  
MUMBAI  -400096  
Unaudited Financial Results for the Quarter ended 30th June, 2010  
     
            (Rs.in Lacs)  
    Figures for the  Audited figures  Consolidated  
Sr.               Particulars Quarter ended on for the year Unaudited Audited for  
No.       ended on For the Quarter ended on year ended  
    30.06.2010 30.06.2009 31.03.2010 30.06.2010 30.06.2009 31.03.2010  
                 
                 
1   Net Sales/ Income from operations                 1,941.02                    989.31                   5,935.17                   5,278.87                   3,986.03                   17,871.14  
             
             
2   Expenditure          
             
a)   (Increase)/decrease in stock in trade                    (93.12)                    (16.51)                        92.66                    (571.67)                    (128.16)                      (454.31)  
             
b)   Consumption of Raw Materials                 1,332.64                    495.81                   3,554.88                   4,390.95                   2,862.83                   12,902.51  
             
c)   Purchase of Traded Goods                    355.28                    178.66                      794.72                      480.07                      178.66                     1,304.92  
             
d)   Employees Cost                      29.55                    164.54                      613.76                        97.47                      293.10                     1,124.39  
             
e)   Depreciation                      29.32                      28.97                      122.57                        50.53                        70.22                        245.10  
             
f)   Other expenditure                    141.84                    333.70                   1,087.04                      438.79                      960.79                     2,580.22  
             
g)   Total                 1,795.51                 1,185.16                   6,265.64                   4,886.15                   4,237.43                   17,702.83  
             
3   Profit from Operations before Other           
    Income, Interest & Exceptional Items          
    (1-2)                    145.51                  (195.85)                    (330.47)                      392.72                    (251.40)                        168.31  
             
4   Other Income                    155.32                      80.19                      821.92                      155.33                        80.61                        754.46  
             
5   Profit before Interest & Exceptional          
    Items. (3+4)                    300.83                  (115.65)                      491.45                      548.05                    (170.79)                        922.78  
           
             
6   Interest                      10.47                        1.62                        20.68                        87.98                      118.63                        361.64  
             
7   Profit after Interest but before Exceptional          
    Items.(5-6)                    290.36                  (117.27)                      470.77                      460.07                    (289.41)                        561.13  
             
8   Exceptional Items                            -                             -                                -                                -                               -                                 -    
             
9   Profit(+)/Loss(-) from Ordinary Activities                     290.36                  (117.27)                      470.77                      460.07                    (289.41)                        561.13  
    before tax (7+8)          
             
10   Tax Expenses                      38.67                        8.85                      (40.46)                        39.45                          3.09                        (39.23)  
             
11   Net Profit(+)/Loss(-) from Ordinary Activities                     251.69                  (126.13)                      511.23                      420.62                    (292.50)                        600.36  
    after tax(9-10)          
             
12   Extraordinary Items ( net of tax Expense                             -                             -                                -                                -                               -                                 -    
    Rs. Nil )          
             
13   Minority Interest                            -                             -                                -                        (34.75)                    (119.07)                      (114.50)  
             
14   Net Profit(+)/Loss(-) for the period.(11-12-13)                    251.69                  (126.13)                      511.23                      455.37                    (173.43)                        714.86  
                
15   Paid up Equity Share Capital                 2,494.60                 2,554.60                   2,494.60                   2,494.60                   2,554.60                     2,494.60  
    (Face Value Rs.10/-)          
             
16   Reserves excluding revaluation reserves as per                            -                             -                   12,990.94                              -                               -                     15,633.49  
    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                        1.01                      (0.49)                          2.05                          1.83                        (0.68)                            2.87  
     -Diluted                        1.01                      (0.49)                          2.01                          1.83                        (0.68)                            2.81  
           
  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                        1.01                      (0.49)                          2.05                          1.83                        (0.68)                            2.87  
     -Diluted                        1.01                      (0.49)                          2.01                          1.83                        (0.68)                            2.81  
           
18 Public Shareholding          
  a) No. of Shares             11,397,896             11,997,896               11,397,896               11,397,896               11,997,896                 11,397,896  
  b) Percentage of shareholding 45.69% 46.97% 45.69% 45.69% 46.97% 45.69%  
             
19 Promoters and promoter group Shareholding          
  a) Pledged/Encumbered           
      - Number of shares  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  
      - Percentage of shares (as a % of the total          
        share capital of the company)   NIL   NIL  NIL NIL NIL NIL  
             
  b) Non-encumbered           
      - Number of shares             13,548,100             13,548,100               13,548,100               13,548,100               13,548,100                 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%  
      - Percentage of shares (as a % of the total          
        share capital of the company)  54.31% 53.03% 54.31% 54.31% 53.03% 54.31%  
             
                 
                 
1 The above results for the quarter ended 30th June, 2010 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 12th August, 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.Nil and Rs.5.01 crores for the quarter ended 30.06.2010 and year ended 31.03.2010 respectively and of Rs.1.25 crores for corresponding quarter for the previous year. Further, in respect of the consolidated results,employee cost includes amortisation of Voluntary Retirement Expenses of Rs Nil and Rs.5.74 crores for the quarter ended 30.06.2010 and year ended 31.03.2010 respectively and of Rs.1.43 crores for corresponding quarter for the previous year.   
   
   
   
4 Other expenditure includes foreign currency loss of Rs Nil and Rs.1.62 crores for the quarter ended on 30.06.2010 and 30.06.2009 respectively and loss of Rs.5.67 crores for the year ended on 31.03.2010. Further, in respect of the consolidated results, other expenditure includes foreign currency loss of Rs.Nil and Rs.6.56 crores for the quarter ended 30.06.2010 and 30.06.2009 respectively and loss of Rs.8.36 crores for the year ended on 31.03.2010.  
   
   
5 Tax Expenses includes Current Tax and Deferred Tax for the quarter ended on 30.06.2010 and year ended on 31.03.2010.  
6 Seven complaints received during the quarter have been replied/redressed. There were no complaints pending at the beginning and end of the quarter.  
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 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  Audited for the Consolidated  
Sr.               Particulars Quarter ended on Year ended on Unaudited Audited for  
No.         For the Quarter ended on year ended  
    30.06.2010 30.06.2009 31.03.2010 30.06.2010 30.06.2009 31.03.2010  
                 
A PRIMARY SEGMENT:              
1 Segment Revenue :              
  a) Jewellery                 1,958.22                 1,014.32                   6,262.76                   5,301.20                   4,017.69                   18,204.79  
  b) Investments                    133.04                      60.99                      494.33                      133.01                        30.00                        420.82  
  Total                 2,091.25                 1,075.31                   6,757.09                   5,434.20                   4,047.69                   18,625.60  
  Less : Inter Segment Revenue                            -                             -                                -                                -                               -                                 -    
  Net Sales/ Income from operation                 2,091.25                 1,075.31                   6,757.09                   5,434.20                   4,047.69                   18,625.60  
                 
2 Segment Results :              
  Profit/(Loss) before tax and interest              
                 
  a) Jewellery                    177.74                  (165.93)                        26.58                      447.22                    (164.22)                        623.02  
  b) Investments                    131.03                      60.97                      492.21                      131.00                        29.97                        418.70  
                 
  Total                    308.77                  (104.96)                      518.78                      578.22                    (134.25)                     1,041.71  
                 
  Less : i) Interest                      10.47                        1.62                        20.68                        87.97                      118.63                        361.65  
            ii) Other un - allocable expenditure (Net)                        7.95                      10.69                        27.34                        30.17                        36.53                        118.94  
                 
  Total Profit Before Tax                    290.36                  (117.27)                      470.77                      460.08                    (289.41)                        561.13  
                 
3 Capital Employed              
                 
  a) Jewellery                 6,945.71                 6,645.96                   7,629.23                   9,360.32                 10,042.70                     9,570.06  
  b) Investments                 8,627.82                 7,643.25                   7,793.25                   8,625.28                   6,066.23                     7,792.61  
  c) Unallocated assets / (Liabilities)                     163.70                 1,081.99                        63.06                      606.78                   1,652.38                        765.42  
  Total               15,737.23               15,371.20                 15,485.54                 18,592.38                 17,761.31                   18,128.09  
             
             
B SECONDARY SEGMENT            
1 Segment Results:            
  Within India                      (0.99)                    (11.09)                        18.20                      (12.75)                      (11.05)                          17.62
  Exports Outside India                    178.73                  (154.84)                          8.38                      459.97                    (153.17)                        605.39
             
  Total Revenue                    177.74                  (165.93)                        26.58                      447.22                    (164.22)                        623.02  
                 
2 Segment Assets            
  Within India                    177.26                    145.38                      473.29                      617.91                      126.56                          58.19
  Exports Outside India                 9,603.21                 7,537.54                   8,401.06                 20,534.26                 19,474.78                   18,853.24
             
  Total Assets                 9,780.47                 7,682.92                   8,874.35                 21,152.17                 19,601.34                   18,911.43  
             
3 Segment Liabilities            
  Within India                            -                        13.03                              -                        431.80                        13.03                               -  
  Exports Outside India                 2,834.76                 1,023.93                   1,245.12                 11,360.05                   9,545.61                     9,341.37
             
  Total Liabilities                 2,834.76                 1,036.96                   1,245.12                 11,791.85                   9,558.64                     9,341.37  
                 
                 
                 
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 : 12th August, 2010. Vice Chairman & Managing Director