GIVO LIMITED
 
Regd. Office : 42nd Milestone, Kherki Daula, Gurgaon - 122001, Haryana.
 
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER  ENDED 31ST DECEMBER, 2008
         
Rs. in Lacs 
Particulars 
1.1 
1.2 
1.3 
1.4 
1.5 
3 months ended   31-12-2008  [Unaudited] 
3 months ended  31-12-2007  [Unaudited] 
Year to date ended 31-12-2008  [Unaudited] 
Year to date ended 31-12-2007  [Unaudited] 
Previous year   ended  31-03-2008  [Audited] 
            
1. Net Sales/Income from Operations                      522.28                    916.90                     1,594.27                     2,022.01                       2,613.34  
           
2. Other Operating Income                          3.35                        7.04                         10.73                         17.47                           44.24  
                                       -    
3. Total Expenditure                      484.20                    858.92                     1,471.84                     1,806.32                       2,529.66  
           
   a. Decrease/(Increase) in Stocks                        60.86                    264.53                         34.73                       227.00                         310.30  
           
   b. Consumption of Raw Materials                      215.52                    300.86                       675.03                       842.22                         989.54  
           
   c. Purchase of Traded Goods                             -                        79.64                         88.00                       183.28                         162.08  
           
   d. Employees Cost                      129.67                    129.14                       354.18                       322.54                         510.92  
           
   e. Other expenditure           
           
- Manufacturing, Administrative, and Selling & Distribution Expenses                        78.15                      84.75                       319.90                       231.28                         556.82  
           
4. Profit(+)/Loss(-) from Operations before Interest, depreciation and Extraordinary Items (1+2-3)                       41.43                     65.02                      133.16                      233.16                        127.92  
           
5. Interest                          9.06                        8.54                         24.46                         24.34                           33.50  
6. Depreciation                        67.60                      65.75                       205.00                       203.40                         261.75  
           
7. Profit(+)/Loss(-) before Extraordinary Items and Tax    (4-5-6)                     (35.23)                    (9.27)                     (96.29)                         5.42                      (167.33) 
           
8. Extraordinary Items- Exchange fluctuation Loss/(Gain)                        (0.60)                   (24.50)   -                      (192.18)                       (185.80) 
           
9. Profit(+)/Loss(-) before Tax (7-8)                     (34.63)                    15.23                      (96.29)                     197.60                          18.47  
           
10. Provision for taxation                        15.51                        4.26                           8.54                         85.22                           (5.05) 
           
11. Net Profit (+)/Loss(-) after tax (9-10)                     (50.14)                    10.97                    (104.83)                     112.38                          23.52  
           
12. Paid-up equity share capital (Face value per equity share of Rs. 10/-)                   5,769.78                 5,781.42                     5,769.78                     5,781.42                       5,781.42  
           
13. Reserves excluding revaluation reserves                             -                             -                                -                                -                       (2,560.58) 
           
 14. Basic and diluted EPS             
           
        Basic EPS                         (0.09)                       0.02                         (0.18)                          0.19                             0.04  
        Diluted EPS                         (0.09)                       0.02                         (0.18)                          0.19                             0.04  
           
15. Aggregate of Non Promoter Sharholding           
---  Number of shares                 20,675,700              20,910,500               206,775,700                 20,910,500                   20,910,500  
---  Percentage of Shareholding 
35.83% 
36.09% 
35.83% 
36.09% 
36.09% 
           
NOTES:           
1. Above unaudited figures were taken on record by the Board of Directors in their meeting held on January 21, 2009. 
           
2. Since the Company's main business is seasonal in nature, the Company for the purposes of interim results has accounted for in quarter-1, off season expenditure of Rs.18.55 Lacs (Previous Year Rs.61.63 Lacs) on "Integral Approach" basis for inclusion in the cost of production in subsequent period of the year. Accordingly an amount of Rs. 8.92 Lacs (Previous year Rs.21.64 Lacs) has been included in the cost of goods manufactured in quarter-3 and balance off season expenditure of Rs.1.05 Lacs (previous Year Rs.20.91Lacs) will be charged to accounts in the last quarter of the year. As a result, profit of the current quarter is lower by Rs.8.92 Lacs (Previous Year Rs.21.64Lacs) This will however have no impact on the annual results for the year. 
           
3. 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. 
           
4. The Company operates through single business segment i.e.Manufacturing and Selling of Garments. 
           
5. Figures for corresponding period of the previous year have been regrouped/ rearranged, wherever required. 
           
6. Status of investors complaints for the quarter ended December 31, 2008.         
           
    Pending as at 01.10.2008  Received during the quarter  Attended during the quarter  Pending as at 31.12.2008 
    NIL  NIL  NIL  NIL 
           
        For and on behalf of the Board 
         sd/- 
Place : New Delhi        (Aninda Mukharji) 
Dated: January 21, 2009        Whole Time Director 
         
Back