GIVO LIMITED
Regd. Office : 42nd Milestone, Kherki Daula, Gurgaon - 122001, Haryana.
 
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER  ENDED 31ST MARCH, 2009
          Rs. in Lacs
Particulars 1.1 1.2 1.3 1.4 1.5
Nine Months       Ended
31-12-2008 
(Unaudited)		 Three Months   Ended
31-03-2009
(Unaudited)		 Three Months Ended 31.03.2008       (Unaudited) Year Ended 31.03.2009  (Audited) Year Ended 31.03.2008  (Audited)
1. Net Sales/Income from Operations            1,594.27               223.48                 591.33             1,817.75             2,613.34
2. Other Operating  Income                 11.85                   9.25                   26.77                  21.10                115.14
3. Total Expenditure            1,465.39               208.49                 723.34             1,673.88             2,359.78
a. Decrease/(Increase) in Stocks                 34.73                 14.73                   83.30                  49.46                310.30
b. Consumption of Raw Materials               676.14                 78.46                 126.12                754.60                989.54
c. Purchases of Traded Goods                 88.00                   1.18                        -                    89.18                162.08
d. Employees Cost               354.18               132.67                 188.38                486.85                510.92
e. Other expenditure          
  - Manufacturing, Administrative, and Selling & Distribution Expenses               312.34               (18.55)                 325.54                293.79                386.94
 4. Profit(+)/Loss(-) from Operations before interest, depreciation and exceptional items (1+2-3)              140.73                24.24              (105.24)               164.97               368.70
5. Interest                 24.46                   9.80                     9.16                  34.26                  33.50
6. Depreciation               205.00                 53.78                   58.35                258.78                261.75
7. Profit(+)/Loss(-) before exceptional items and tax (4-5-6)              (88.73)              (39.34)              (172.75)             (128.07)                 73.45
8. Exceptional Items                  7.56                   7.99                     6.38                  15.55                169.88
9. Profit(+)/Loss(-) before extra ordinary items and tax (7-8)              (96.29)              (47.33)              (179.13)             (143.62)               (96.43)
10. Extra ordinary  Items-Exchange Gain on ECB                     -                       -                         -                        -               (114.90)
11. Profit(+)/Loss(-) before tax (9-10)              (96.29)              (47.33)              (179.13)             (143.62)                 18.47
12.Provision for taxation                  8.54               (52.28)                 (90.27)                (43.74)                  (5.05)
    *Current tax                  8.54                 (8.54)                 (18.67)                      -                     1.83
    *Earlier year's tax                     -                     2.33                     3.71                   2.33                   3.71
    *Fringe Benefit tax                     -                     3.86                   (3.48)                   3.86                   0.46
    *Deferred tax Expense                     -                 (49.94)                 (71.83)                (49.94)                (10.13)
13. Net Profit (+)/Loss(-) after tax (11-12)            (104.83)                  4.95                (88.86)               (99.88)                 23.52
14. Paid-up equity share capital (Face value of per equity share is Rs.10/- each)            5,769.78            5,769.78              5,781.42             5,769.78             5,781.42
15. Reserves excluding revaluation reserves                     -                        -                          -              (2,660.46)            (2,560.58)
 16. Basic and diluted EPS           
        Basic EPS                  (0.18)                   0.01                   (0.15)                  (0.17)                   0.04
        Diluted EPS                  (0.18)                   0.01                   (0.15)                  (0.17)                   0.04
17. Aggregate of Non Promoter Sharholding          
----- Number of shares  20675700 20675700 20910500 20675700 20910500
----- Percentage of Shareholding 35.83% 35.83% 36.09% 35.83% 36.09%
18. Promoters and promoter group shareholding           
a) Pledged/Encumbered NIL NIL NIL NIL NIL
- Number of shares NIL NIL NIL NIL NIL
- Percentage of shares (as a % of the total shareholding of promoter and promoter group) NIL NIL NIL NIL NIL
           
- Percentage of shares (as a% of the total share capital of the company) NIL NIL NIL NIL NIL
           
b) Non-encumbered NIL NIL NIL NIL NIL
- Number of Shares NIL NIL NIL NIL NIL
- Percentage of shares (as a% of the total shareholding of promoter and promoter group) NIL NIL NIL NIL NIL
           
- Percentage of shares (as a % of the total share capital of the company) NIL NIL NIL NIL NIL
           
Notes:          
1. Above unaudited figures were taken on record by the Board of Directors in its meeting held on June 11, 2009.
2. 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 the case to the Tribunal (CESTAT) for reconsideration and the matter is pending with CESTAT.
3. In view of the past losses, the Company, with approval of the shareholders in annual general meeting held on 30.09.2008 and with consent of the Bombay Stock Exchange for reduction of its paid up share capital to 30%,  filed in January,2009 a requisite petition in this regard in the Hon'ble High Court of Punjab & Haryana. Order of the Hon'able High Court is awaited.
4. The Company operates through single business segment,i.e, Manufacture and sale of Garments.
5.Figures for the corresponding period of the previous year have been regrouped/rearranged, wherever required.
6. Considering the nature and volume of its operations, fixed assets are physically verified by the Company once in two years.
7. Status of investor complaints for the quarter ended March 31, 2009
    Pending as at   1.1.2009 Received during the quarter Attended to during the quarter  Pending as at 31.3.2009
    NIL NIL NIL NIL
    For and on behalf of the Board
           
           
Place :  New Delhi     (Aninda  Mukharji )  
Date  : June 11, 2009     Whole-time Director  
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