GIVO LIMITED
Regd. Office : 42nd Milestone, Kherki Daula, Gurgaon - 122001, Haryana.
             
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER  ENDED 31ST DECEMBER 2006
             
Particulars 1.1 1.1 1.2 1.3 1.4 2
Six months ended December, 2002 Quarter ended 31-12-2006 [Unaudited] Quarter ended 31-12-2005 [Unaudited] Nine Months Ended 31.12.2006 Nine Months Ended 31.12.2005 Year   ended  31-03-2006  [Audited)
             
1. Net Sales/Income from Operations     933.17              482.38              398.44        1,081.59           839.91         1,343.52
             
2. Other Income     204.09                88.18                60.09           300.18           206.79         2,621.51
             
3. Total Expenditure                461.68              379.71        1,027.43           911.67         1,312.28
a. Decrease/(Increase) in Stocks                 (91.26)                53.01         (137.92)           (32.16)            (55.55)
b. Consumption of Raw Materials     453.82              225.65              142.59           562.15           409.05            595.12
c. Staff Cost     180.18              143.18                96.73           295.69           277.87            361.74
d. Other expenditure            
   - Selling, Administrative and Distribution Expenses     247.73              184.12                87.38           307.51           256.91            410.97
             
   4. Exchange fluctuation Loss/(Income)                  (1.12)                  3.35             (1.12)              9.41             28.45
5. Interest      16.08                  7.98                  5.10             17.45             12.46             17.20
             
6. Depreciation     155.21                68.19                81.51           200.96           243.44            301.00
             
7. Profit(+)/Loss(-) before Tax (1+2-3-4-5-6)     84.24               33.83             (11.14)          137.05        (130.28)       2,306.10
             
8. Provision for taxation           -                    0.70                     -                2.05                 -            (268.61)
* Current Tax                       -                       -                   -                   -                    -  
* Fringe Benefit Tax                    0.70                     -                2.05                 8.20
* Deffered Tax                       -                       -                   -              (276.81)
             
9. Net Profit (+)/Loss(-) (6-7)     84.24               33.13             (11.14)          135.00        (130.28)       2,574.71
             
10. Paid-up equity share capital (Face value of per                 equity share is Rs. 10/- each)  5,227.89            5,231.42            5,228.45        5,231.42        5,228.45         5,231.42
             
11. Reserves excluding revaluation reserves                       -                       -                   -                   -                    -  
             
 12. Basic and diluted EPS            
        Basic EPS        0.16                  0.06                (0.02)              0.26             (0.25)               4.92
         Diluted EPS        0.15                  0.06                (0.02)              0.23             (0.22)               4.45
             
13. Aggregate of Non Promoter Sharholding            
----- Number of shares ######        15,410,500        17,373,800     15,410,500     17,373,800     17,373,800
----- Percentage of Shareholding 33.14% 29.39% 33.14% 29.39% 33.14% 33.14%
             
 
             
 
             
 
             
 
 
             
 
             
 
 
 
             
 
             
 
NOTES:            
1. Above unaudited figures were taken on record by the Board of Directors in their meeting held on 30.01.2007.
             
2. Board for Industrial and Financial Reconstruction vide its order dated December 05, 2006 has deregistered the Company from the purview of Sick Industrial Companies (Special Provisions) Act, 1985.
             
3. Since the Company's main business is seasonal in nature, the Company for the purposes of interim results has accounted for off season expenditure of Rs.111.19 Lacs on "Integral Approach" basis. Accordingly, a sum of Rs.33.40 Lacs out of the off season expenditure has been included in the cost of goods manufactured in the current quarter. As a result of this, profit after tax for the quarter is lower by Rs.33.40 lacs.
             
4. The Company is in appeal against the total demand of Customs duty for Rs. 13.62 Crores on import of the Drawings, Designs and Documents during the year 1994-95. The Hon'ble Supreme Court on 22.9.2005 has remanded our case back to the Tribunal (CESTAT) for reconsideration and the matter is pending with CESTAT.
             
5. In accordance with the restrustruscturing scheme, the Financial Institutions have been allotted 55,00,000 equity shares of the Company during the month of January 2007.
             
6. The Company operates through single business segment i.e.Manufacturing and Selling of Garments.
             
7. Figures for corresponding period of the previous year have been regrouped/ rearranged, wherever required.
             
8. Status of investors complaints for the quarter ended December 31, 2006.            
             
      Received during the qurter Pending as at 1.10.06       Attended during the quarter Pending as at 31.12.06
      4 NIL 4 NIL
             
        For and on behalf of the Board
             
             
Place : Gurgaon       Dr. A.K. Roopanwal
Date : 30.1.2007       (Executive Director)

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