GIVO LIMITED
Regd. Office : 42nd Milestone, Kherki Daula, Gurgaon - 122001, Haryana.
 
 
 
 
 
 
 
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER  ENDED 30TH SEP'2007
          Rs. In Lacs
Particulars   1.1 1.2 1.3 1.4 1.5
Quarter ended 30-6-2007 [Unaudited] Quarter ended 30-9-2007 [Unaudited] Quarter ended 30-9-2006 [Unaudited] Half Year ended 30-9-2007 [Unaudited] Half Year ended 30-9-2006 [Unaudited] Year ended  31-03-2007  [Audited)
             
1. Net Sales/Income from Operations   334.69             770.42             479.38      1,105.11         711.16         1,779.79
             
2. Other Income       3.12                 7.31                 7.64           10.43           99.99            146.01
             
3. Total Expenditure   251.90            695.50            401.67        947.40        565.68        1,656.75
a. Decrease/(Increase) in Stocks  (182.90)             145.37              (82.56)          (37.53)          (46.66)           (185.04)
b. Consumption of Raw Materials including Finished Goods Purchases   315.02             328.77             260.80         643.79         336.50            835.39
c. Staff Cost     71.62             121.78             125.27         193.40         152.50            495.24
d. Other expenditure            
   - Manufacturing, Administrative, and Selling & Distribution Expenses     48.16               99.58               98.15         147.74         123.34            511.16
             
   4. Exchange fluctuation Loss/(Income)  (125.07)              (42.62)                 0.18        (167.69)                -               (30.30)
5. Interest       8.48                 7.31                 5.14           15.79             9.46              27.38
             
6. Depreciation     68.39               69.27               66.62         137.66         132.77            258.84
             
7. Profit(+)/Loss(-) before Tax (1+2-3-4-5-6)  134.10              48.27              13.40        182.38       103.23             13.13
             
8. Provision for taxation     78.86                 2.10                 1.12           80.96             1.36                3.26
* Current Tax     11.33                 9.17                     -             20.50                -                      -  
* Fringe Benefit Tax       0.76                 0.68                 1.12             1.44             1.36                3.40
* Deffered Tax     66.77                (7.75)                     -             59.02                -                 (0.14)
             
9. Net Profit (+)/Loss(-) (7-8)     55.25              46.16              12.29        101.41       101.88               9.87
             
10. Paid-up equity share capital (Face value of per equity share is Rs. 10/- each) ######          5,781.42          5,231.42      5,781.42      5,231.42         5,781.42
             
11. Reserves excluding revaluation reserves                       -                       -                   -                  -          (2,584.10)
             
 12. Basic and diluted EPS             
        Basic EPS        0.10                 0.08                 0.02             0.10             0.19                0.02
         Diluted EPS        0.10                 0.08                 0.02             0.10             0.18                0.02
             
13. Aggregate of Non Promoter Sharholding            
----- Number of shares  ######      20,910,500      15,410,500  20,910,500  15,410,500     20,910,500
----- Percentage of Shareholding 36.09% 36.09% 29.39% 36.09% 29.39% 36.09%
             
             
 
             
 
             
 
             
 
 
             
 
             
 
 
 
             
 
             
 
NOTES:            
1. Above unaudited figures were taken on record by the Board of Directors in their meeting held on 25.10.2007.
             
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.61.63 Lacs (Previous Year Rs.111.19 Lacs) on "Integral Approach" basis for inclusion in the cost of production in subsequent period of the year. Accordingly, an amount of Rs.19.09 Lacs (previous year Rs.33.90 Lacs) has been included in the cost of goods manufactured in quarter-2 and balance off season expenditure of Rs.42.54 Lacs (previous year Rs.77.29 Lacs) will be charged to the accounts in remaining part of the year. As a result, profit for the current quarter is lower by Rs.19.09 Lacs (previous year Rs.17.30 Lacs). 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 September 30, 2007.        
             
                                         Pending as at 1.7.2007 Received during the qurter Attended during the quarter  Pending as at 30.09.07
      2 NIL 2 NIL
             
        For and on behalf of the Board
             
Place : Gurgaon       (Aninda Mukharji)
Date : 25.10.2007        Whole Time Director

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