GIVO LIMITED
Regd. Office : 42nd Milestone, Kherki Daula, Gurgaon - 122001, Haryana.
 
 
 
 
 
 
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER  ENDED 30TH SEPTEMBER'2008
          Rs. in Lacs
Particulars
1.1
1.2
1.3
1.4
1.5
3 months ended
30-9-2008  [Unaudited]
3 months ended
30-9-2007  [Unaudited]
Year to date ended 30-9-2008  [Unaudited]
Year to date ended 30-9-2007  [Unaudited]
Previous year   ended  31-03-2008  [Audited)
 
 
 
 
 
 
1. Net Sales/Income from Operations
                651.03
                770.42
                1,071.99
                 1,105.10
            2,613.34
 
 
 
 
 
 
2. Other Operating Income
                    3.45
                    7.31
                      7.38
                      10.43
                 44.24
 
 
 
 
 
 
3. Total Expenditure
                630.31
                695.50
                  987.64
                    947.40
            2,529.66
 
 
 
 
 
 
   a. Decrease/(Increase) in Stocks
                  (0.80)
                145.37
                   (26.13)
                    (37.53)
               310.30
 
 
 
 
 
 
   b. Consumption of Raw Materials
                275.07
                287.11
                  459.51
                    541.36
               989.54
 
 
 
 
 
 
   c. Purchase of Traded Goods
                  62.93
                  41.66
                    88.00
                    103.64
               162.08
 
 
 
 
 
 
   d. Employees Cost
                122.43
                121.78
                  224.52
                    193.40
               510.92
 
 
 
 
 
 
   e. Other expenditure
 
 
 
 
 
 
 
 
 
 
 
- Manufacturing, Administrative, and Selling & Distribution Expenses
                170.68
                  99.58
                  241.74
                    146.53
               556.82
 
 
 
 
 
 
 
 
 
 
 
 
4. Profit(+)/Loss(-) from Operations before Interest, depreciation and Extraordinary Items (1+2-3)
                 24.17
                 82.23
                   91.73
                   168.13
              127.92
 
 
 
 
 
 
5. Interest
                    7.11
                    7.31
                    15.39
                      15.80
                 33.50
6. Depreciation
                  68.91
                  69.27
                  137.40
                    137.65
               261.75
 
 
 
 
 
 
 
 
 
 
 
 
7. Profit(+)/Loss(-) before Extraordinary Items and Tax (4-5-6)
               (51.85)
                   5.65
                 (61.06)
                     14.68
            (167.33)
 
 
               (69.27)
               (137.40)
                 (137.65)
            (261.75)
8. Extraordinary Items- Exchange fluctuation Loss/(Gain)
               (128.01)
                 (42.62)
                      0.60
                  (167.69)
              (185.80)
 
 
 
 
 
 
9. Profit(+)/Loss(-) before Tax (7-8)
                 76.16
                 48.27
                 (61.66)
                   182.37
                18.47
 
 
               (69.27)
               (137.40)
                 (137.65)
            (261.75)
10. Provision for taxation
                  (6.76)
                    2.10
                    (6.97)
                      80.96
                 (5.05)
 
 
 
 
 
 
11. Net Profit (+)/Loss(-) after tax (9-10)
                 82.92
                 46.17
                 (54.69)
                   101.41
                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 
                    0.14
                    0.08
                    (0.09)
                       0.18
                   0.04
        Diluted EPS 
                    0.14
                    0.08
                    (0.09)
                       0.17
                   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 23-10-2008.
           
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.18.55Lacs (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. 8.66 Lacs (Previous year Rs.19.09 Lacs) has been included in the cost of goods manufactured in quarter-2 and balance off season expenditure of Rs.9.97 Lacs (previous Year Rs.42.54 Lacs) will be debited to accounts in remaining part of the year. As a result, profit of the current quarter is lower by Rs.8.66 Lacs (Previous Year Rs.19.09 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. In view of frequently changes in the exchange rates, the Company has agreed with all concerned parties and crystalised its foreign currency liability in to the indian rupees at the exchange rate of 31st March'08. Provision of Rs.128.01 Lacs due to exhange fluctuation made in the first quarter ended on 30th June'08 has been revered in this current quarter under reporting.  
           
5. Change in number of shares and percentage at Serial No. 15 is because of forfeiture of 2,34,800 equity shares and 2,000 equity shares have been fully paid up.
           
6. The Company operates through single business segment i.e.Manufacturing and Selling of Garments.
           
7. Figures for corresponding period of the previous year have been regrouped/ rearranged, wherever required.
           
8. Status of investors complaints for the quarter ended September 30, 2008.          
           
    Pending as at 01.09.08 Received during the qurter Attended during the qurter Pending as at 30.09.08
    NIL 2 2 NIL
      For and on behalf of the Board 
           
           
           
Place : New Delhi       (Aninda Mukharji)  
Dated: 23-10-2008.       Whole Time Director  

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