GIVO LIMITED
Regd Office: 42nd Mile Stone, Kherki Daula, Gurgaon, Haryana - 122001
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30Th JUNE, 2005
     
(Rs. in 'Lacs)
PARTICULARS
Quarter ended
30.6.2005
(Unaudited)
Quarter ended
30.6.2004
(Unaudited)
Year ended
31.3.2005
(Audited)
       
1. Net Sales / Income from Operations
186.35
260.41
1400.79
 
 
 
 
2. Other Income
79.55
58.02
251.32
3. Total Expenditure
225.09
279.57
1460.17

a. Decrease/(Increase) in stocks
(50.83)
(22.40)
3.50

b. Consumption of Raw Materials
118.82
136.15
549.37

c. Staff Cost
86.85
90.34
401.44

d. Other Expenditure
 
 
 

- Selling, Administrative and Distribution Expenses
70.25
75.48
505.86
 
 
 
 
4. Exchange fluctuation loss/(Income)
(12.85)
(51.82)
(38.99)
5. Interest
3.51
3.27
21.54
6. Depriciation
78.12
81.75
303.91
7. Profit(+)/ Loss(-) before Tax (1+2+3+4-5-6)
(27.97)
5.66
(94.52)
8.Provision for Taxation
-
-
-
9. Net Profit(+)/ Loss(-)(6-7)
(27.97)
5.65
(94.52)
10. Paid up Equity Share Capital
5,229.23
5,228.45
5,228.65

(Face Value of per Equity Share is rs. 10/- each)
 
 
 
11. Reserves excluding revaluation reserves
-
-
-
12. Basic & Diluted EPS
 
 
 

Basic EPS
(0.05)
0.01
(0.18)

Diluted EPS
(0.05)
0.01
(0.16)
13. 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 12.7.2005.
  2. Against the 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. Company has already submitted the Rehabilitation Proposal to Operating Agency and BIFR.
  4. Comments on Qualifications of Auditors on Annual Accounts for FY ended 31/3/2005.
    1. (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.
    2. (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. 102.46 Lacs for the quarter ended June 30, 2005 and Rs. 4178.58 Lacs in respect of earlier years has not been provided in the books of accounts.
  5. The Company has settled and paid Canara Bank working capital dues on June 30, 2005.
  6. The details of the Company relate to only one segment i.e garments.
  7. Status of investors complaints for the quarter ended 30.6.2005.
Pending as at 1.4.2005
Received during the qurter
Attended during the quarter
Pending as at 30.6.2005
NIL
NIL
NIL
NIL
       

Place: New Delhi

Date: 12/7/2005

  

For and on behalf of the Board

Mrs. Nadira Chaturvedi

(Executive Director)

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