GIVO LIMITED
Regd. Office : 42nd Milestone, Kherki Daula, Gurgaon - 122001, Haryana.
               
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEP,2006
              Rs. in Lacs
               
Particulars    
1.1
1.2
1.3
1.4
1.5
Quarter ended
30-6-2006
[Unaudited]
Quarter ended 30.6.2005
[Unaudited]
Quarter ended 
30-9-2006
[Unaudited]
Quarter ended
30-9-2005
[Unaudited]
Half-Year ended
30-9-2006
[Unaudited]
Half-Year ended
30-9-2005
[Unaudited]
 Year ended
31-3-2006
[Audited]
               
1. Net Sales/Income from Operations     177.65     186.35              429.20              258.82                  606.85                  445.17            1,343.52
               
2. Other Income     146.48      79.55                57.82                67.15                  204.30                  146.70            2,621.51
               
3. Total Expenditure   164.02   225.09             401.67             310.57                 565.69                535.67          1,312.28
a.Decrease/(Increase) in Stocks      35.90     (50.83)              (82.56)               (34.34)                  (46.66)                  (85.18)               (55.55)
b. Consumption of Raw Materials      75.70     118.82              260.80              147.64                  336.50                  266.48              595.12
c. Staff Cost      27.23      86.85              125.27                94.28                  152.50                  181.13              361.74
d. Other expenditure              
   - Selling, Administrative and Distribution Expenses      25.19      70.25                98.15              102.99                  123.34                  173.24              410.97
               
   4. Exchange fluctuation Loss/(Income)       (0.18)     (12.85)                 0.18                18.91                    (0.00)                     6.06                28.45
5. Interest        4.32        3.51                 5.14                  3.84                     9.46                     7.35                17.20
               
6. Depreciation      66.15      78.12                66.62                83.81                  132.77                  161.93              301.00
                                 -                          -    
7. Profit(+)/Loss(-) before Tax (1+2-3-4-5-6)     89.82   (27.97)               13.41             (91.16)                 103.23              (119.14)          2,306.10
               
8. Provision for taxation              
*Current Tax           -             -                      -                       -                          -                          -                       -  
*Fringe Benefit Tax        0.24           -                   1.12                     -                       1.36                        -                    8.20
*Deffered Tax           -             -                      -                       -                          -                          -               (276.81)
                                 -                          -    
9. Net Profit (+)/Loss(-) (7-8)     89.58   (27.97)               12.30             (91.16)                 101.88              (119.13)          2,574.71
               
10. Paid-up equity share capital (Face value of per equity share is Rs. 10/- each)  5,231.42  5,229.23           5,231.42            5,229.23               5,231.42               5,229.23            5,231.42
               
11. Reserves excluding revaluation reserves           -             -                      -                       -                          -                          -                       -  
               
 12. Basic and diluted EPS              
        Basic EPS        0.17       (0.05)                 0.02                (0.17)                     0.19                    (0.23)                  4.92
         Diluted EPS        0.15       (0.05)                 0.02                (0.16)                     0.18                    (0.21)                  4.44
               
13. Aggregate of Non Promoter Shareholding              
----- Number of shares ###### ######        15,410,500        17,373,800            15,410,500           17,373,800        17,373,800
----- Percentage of Shareholding 29.39% 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 its meeting held on 31.10.2006.
               
2. 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 Company is in appeal. 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.
               
3. The Company had been reported to be a Sick Industrial Company within the meaning of Clause (o) of Section 3(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 of India. A reference has been made to the Board of Industrial and Financial Reconstruction (BIFR) under Section 15 of the aforesaid Act. The case had been registered by BIFR on 20.3.2002 as Case No. 128/02. As the Net Worth of the Company has become positive during the year 2005-06, it is no longer a sick unit. The Company has filed an application before BIFR for deregistration.
               
4. Since the Company's main business is seasonal in nature, the Company for the purposes of interim results has accounted for off season expenditure on "Integral Approach" basis. Accordingly, off season expenditure aggregating to Rs.33.90 Lacs out of Rs.111.19 lacs has been included in the cost of goods manufactured in the current quarter and balance off-season expenditure of Rs 77.29 lacs will be charged to the accounts in remaining part of the year.As a result of this, profit after tax for the quarter is lower by Rs.17.30 lacs.
               
5. Status of investors complaints for the quarter ended September 30, 2006.              
               
    Received during the qurter                     Pending as at 1.7.2006       Received  during the quarter Attended during the quarter Pending as at 30.9.2006  
    2 1 2 3 NIL  
               
          For and on behalf of the Board
               
               
Place : Mumbai     Dr. A. K. Roopanwal
Date : 31.10.2006     Executive Director

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