GIVO LIMITED
Regd Office: 42nd Mile Stone, Kherki Daula, Gurgaon, Haryana - 122001
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th June, 2004
 
(Rs. in Lacs)
 
1.1
1.2
2.0
PARTICULARS
3 months ended
30th June 2004
Corresponding
3 months in the Previous year 2003
Year ended
March 31, 2004
[Audited)
       
 Audited
1. Net Sales / Income from Operations
260.41
162.40
1,177.11
 
 
 
 
2. Other Income
58.02
66.22
240.64
3. Total Expenditure
 

a. Consumption of Raw Materials

113.35
94.58
482.31

b. Staff Cost

90.34
72.98
376.01

c. Other Expenditure

 
 
 

- Selling, Administrative and Distribution Expenses

75.48
89.36
472.38
 
 
 
 
4. Exchange Fluctuation Income / (Loss)
51.82
   
5. Interest
3.27
2.30
15.79
6. Depriciation
81.75
82.62
307.14
7. Profit(+)/ Loss(-) before Tax (1+2-3-4-5-6)
5.66
113.22
102.17
9.Provision for Taxation
-
-
-
10. Net Profit(+)/ Loss(-)(6-7)
5.66
113.22
102.17
11. Paid up Equity Share Capital
522845
522789
522845

(Face Value of per Equity Share is rs. 10/- each)

 
 
 
12. Reserves excluding revaluation reserves
-
-
-
13. Basic & Diluted EPS
 
 
 

Basic EPS

0.01
0.22
0.20

Diluted EPS

0.01
0.20
0.18
14. Aggregate of Non Promoter Share Holding
 
 
 

Number of Shares

17373800
17373800
17373800

Percentage of Share Holding

33.14%
33.14%
33.14%
       
 
  1. Above unaudited figures were taken on record by the Board of Directors in their meeting held on 9.8.2004.
  2. Against the total demand of Customs duty for Rs. 13.62 Crores on the import of Drawings, Designs and Documents during the year 1994-95, the Company has filed an appeal with Hon'ble Supreme Court which is pending adjudication.
  3. The Company is registered as a Sick Company by the BIFR as Case No. 128/02.
  4. Comments on Qualifications of Auditors on Annual Accounts for FY ended 31/3/2004.
  5. (Para 3a of the Audiors' report) The Management has been continuously taking up steps for the recovery of overdues advance amount. The Management is hopeful of recovery of said amount. Hence, no provision has been made in the books of accounts.
  6. (Para 3b of the Auditors' report) The Company is in the process of negotiating an OTS proposal with the Financial Institutions. As such, the interest amounting to Rs. 240.43 lacs for quarter ended June 30, 2004 and Rs. 3833.11 lacs for earlier years has not been provided in the accounts.
  7. Segmentation of Expenditure, Net Results and Capital Employed is not possible due to the nature of business.
  8. Status of investors complaints for the quarter ended June 30, 2004.
Pending as at 1.4.2004
Received during the quarter
Attending to during
the quarter
Pending as at 30.6.2004
NIL
One
One
NIL
       

Place: New Delhi

Date: 9/08/2004

For and on behalf of the Board

Mrs. Nadira Chaturvedi

(Executive Director)

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