VAIBHAV GEMS LIMITED
Regd.Office :K-6B,Fateh Tiba,Adarsh Nagar,Jaipur-302004
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER & HALF YEAR ENDED 30TH SEPTEMBER 2011

 

  (Rs.In lacs)
Sr.
No.
Particulars		  Standalone   Consolidated 
 Quarter Ended   Half Year Ended   Year Ended   Quarter Ended   Half year Ended   Year Ended 
30-Sep-11 30-Sep-10 30-Sep-11 30-Sep-10 31-Mar-11 30-Sep-11 30-Sep-11 31-Mar-11
 (Un Audited )   (Un Audited )   (Un Audited )   (Un Audited )   (Audited )   (Un Audited )  (Un Audited)  (Audited ) 
1 a. Net Sales/Income from Operations               4,325.77               4,507.64               7,942.99               7,980.04             14,514.75             12,491.27             25,805.03             52,553.82
  b Exchange Gain/(Loss)                  588.12                (182.32)                  657.20                    75.45                    46.81               1,070.74                  677.55                (589.56)
  c. Other Operating Income                    23.39                    36.49                    48.27                    59.89                    11.59                    87.50                  259.40               1,195.97
2 Total Income (a+b)               4,937.28               4,361.82               8,648.46               8,115.38             14,573.15             13,649.51             26,741.98             53,160.23
3 Expenditure                
  a. (Increase)/Decrease in Stock in
Trade and Work in Progress		                (273.94)                  (24.66)                (334.49)                  (58.54)             (1,341.10)             (1,878.07)             (1,707.54)                (856.62)
  b. Consumption of Raw Materials               3,570.93               3,214.20               6,098.32               6,113.84             11,446.37               3,570.93               6,098.32             12,321.10
  c. Purchase of Traded Goods                          -                        7.38                      8.20                      7.38                  149.86               2,670.84               4,768.61               9,200.86
  d. Employees Cost                  381.90                  350.47                  853.19                  699.99               1,434.41               1,878.89               3,752.62               6,756.67
  e. Depreciation                    39.12                    29.72                    70.26                    58.69                  120.26                  236.89                  436.93                  810.65
  f. Other Expenditure                  383.35                  413.42                  789.72                  787.80               1,258.61               5,250.64             10,312.24             18,643.31
  g. Total               4,101.36               3,990.53               7,485.20               7,609.16             13,068.41             11,730.12             23,661.18             46,875.97
4 Profit from Operations before Other Income, Interest and Exceptional Items (2-3 )                  835.92                  371.29               1,163.26                  506.22               1,504.74               1,919.40               3,080.80               6,284.26
5 Other Income                          -                        0.04                          -                        0.04                      0.04                              -  
6 Profit before Interest and Exceptional Items ( 4+5 )                  835.92                  371.34               1,163.26                  506.26               1,504.79               1,919.40               3,080.80               6,284.26
7 Interest and Finance Charges                  315.66                  303.25                  599.61                  608.30               1,201.12                  375.52                  716.82               2,043.76
8 Profit (+)/Loss (-) before Exceptional Items & Tax ( 6-7 )                  520.26                    68.09                  563.65                (102.03)                  303.66               1,543.88               2,363.98               4,240.50
9 Exceptional items (Refer Note 4)                          -                              -                   1,432.63                          -                  (811.66)                  (69.33)
10 Profit (+)/ Loss (-) from Ordinary Activities Before Tax (8-9)                  520.26                    68.09                  563.65                (102.03)               1,736.29               1,543.88               1,552.32               4,309.83
11 Tax expense                    93.40                    (4.76)                    96.54                    (9.33)                    (0.71)                    93.73                    97.12                    (0.22)
12 Net Profit (+)/ Loss (-) from Ordinary Activities After Tax (10-11)                  426.86                    72.85                  467.11                  (92.70)               1,737.00               1,450.15               1,455.21               4,310.05
13 Extra Ordinary Items (Net of Tax Expenses)                          -                            -                            -                              -        
14 Net Profit (+)/ Loss (-) for the Period Before Minority Interest (12-13)                  426.86                    72.85                  467.11                  (92.70)               1,737.00               1,450.15               1,455.21               4,310.05
15 Minority Interest                          -                              -                            -                            -        
16 Net Profit (+)/ Loss (-) for the Period After Minority Interest (14-15)                  426.86                    72.85                  467.11                  (92.70)               1,737.00               1,450.15               1,455.21               4,310.05
17 Paid-up Equity Share Capital (Face Value Per Share of Rs. 10/-)               3,169.85               3,169.85               3,169.85               3,169.85               3,169.85               3,169.85               3,169.85               3,169.85
18 Reserves excluding Revaluation Reserve                          -                              -                       12,938.55
  Earning Per Share for the Period                
  i) Basic EPS                      1.31                      0.20                      1.40                    (0.36)                      5.48                      4.54                      4.52                    13.60
  II) Diluted EPS                      1.30                      0.20                      1.39                    (0.36)                      5.47                      4.53                      4.51                    13.59
19 Public Shareholding                
  - Number of Shares          1,87,06,351          1,87,07,101          1,87,06,351          1,87,07,101          1,87,06,351          1,87,06,351          1,87,06,351          1,87,06,351
  - Percentage of Shareholding 59.01% 59.01% 59.01% 59.01% 59.01% 59.01% 59.01% 59.01%
20 Promoters and promoter group shareholding                
  a) Pledged/ Encumbered
- Number of Shares		             25,82,472             25,82,472             25,82,472             25,82,472             25,82,472             25,82,472             25,82,472             25,82,472
  - Percentage of Shares (as a % of the total shareholding of promoterand promoter group)  60.88% 60.88% 60.88% 60.88% 60.88% 60.88% 60.88% 60.88%
  - Percentage of Shares (as a % of the total share capital of the company) 8.15% 8.15% 8.15% 8.15% 8.15% 8.15% 8.15% 8.15%
  b) Non - encumbered
- Number of Shares		             16,59,650             16,58,900             16,59,650             16,58,900             16,59,650             16,59,650             16,59,650             16,59,650
  - Percentage of Shares (as a % of the total shareholding of promoter  and promoter group) 39.12% 39.11% 39.12% 39.11% 39.12% 39.12% 39.12% 39.12%
    - Percentage of Shares (as a % of the total share capital of the company) 5.24% 5.23% 5.24% 5.23% 5.24% 5.24% 5.24% 5.24%

STATEMENT OF ASSETS & LIABILITIES AS AT 30TH SEPTEMBER 2011

Particulars Standalone Consolidated
As at
30th Sep, 2011		 As at
30th Sep, 2010		 As at
30th Sep, 2011
Un Audited Un Audited Un Audited
SHAREHOLDERS FUND:      
(a) Capital                   7,569.85                   7,569.85                   7,569.85
(b) Reserves and Surplus                 60,555.16                 59,910.39                 59,377.50
LOAN FUNDS                 15,465.94                 17,305.88                 18,595.00
TOTAL                 83,590.95                 84,786.12                 85,542.35
FIXED ASSETS                   1,202.26                   1,021.95                 20,256.58
INVESTMENTS                 25,834.89                 27,724.56                   1,591.48
DEFERRED TAX ASSETS - NET                        49.75                        37.13                        49.75
CURRENT ASSETS, LOANS AND ADVANCES:      
(a) Inventories                   6,757.37                   6,496.79                 16,355.72
(b) Sundry Debtors                 13,074.79                 13,346.11                   3,203.50
(c) Cash and Bank balances                      210.55                      270.71                      688.57
(d) Other current assets                           8.29                           5.90                        14.69
(e) Loans and Advances                   6,842.81                   5,559.84                   3,561.70
Less: Current Liabilities and Provisions:      
(a) Liabilities                   1,559.75                   3,169.59                   5,479.97
(b) Provisions                      183.55                      157.82                      184.65
MISCELLANEOUS EXPENDITURE (NOT WRITTEN OFF OR ADJUSTED)                               -      
PROFIT AND LOSS ACCOUNT                 31,353.54                 33,650.54                 45,484.99
TOTAL                 83,590.95                 84,786.12                 85,542.35


Unaudited Consolidated Segment-wise Revenue, Results and Capital Employed

Particulars Quarter Ended Half Year ended Year Ended
30-Sep-11 30-Sep-11 31-Mar-11
      (Un-audited) (Un-audited) (Audited)
1   Segment Revenue      
  a. Wholesale                   8,838.65                 16,188.61                 53,580.72
  b. Retail                 10,616.30                 21,746.19                 44,088.68
    Total                 19,454.95                 37,934.80                 97,669.40
    Less: Inter Segment revenue                   6,963.67                 12,129.76                 45,115.59
    Net Sales/ Income from Operation                 12,491.28                 25,805.04                 52,553.81
           
           
2   Segment Results      
  a. Wholesale                        55.31                      473.22                   2,886.95
  b. Retail                      829.34                   1,905.96                   3,418.20
    Total                      884.65                   2,379.18                   6,305.15
  Add/(Less):        
  (i) Interest Income                           5.79                        24.08                        28.46
  (ii) Interest expense                     (417.31)                     (716.82)                  (1,503.55)
  (iii) Exchange gain/(Loss) Unallocated                   1,070.74                      677.55                     (589.56)
    Total Profit before Tax                   1,543.87                   2,363.99                   4,240.50
           
3   Capital Employed      
  a. Wholesale                 17,966.56                 16,282.08 19121.29
  b. Retail                   3,445.53                   5,177.52 3129.03
    Total                 21,412.09                 21,459.60                 22,250.32

 
Notes :
1 The Statement of Unaudited quarterly Financial Results have been reviewed by the Audit Committee and approved & taken on record by the Board of Directors at its meeting held on 9th November 2011.
2 The Statutory Auditors have conducted limited review of the above results of the company as required by clause 41 of the Listing Agreement.
3
 The Company has opted to publish half yearly consolidated results in terms of clause 41 of Listing Agreement only w.e.f. current Financial Year and hence comparative figures of previous period are not available.
4 During the current half year, one of the wholly owned subsidiary Indo Mexico CO S DE RL DE CV has gone under liquidation and therefore its financial statement has not been considered for consolidation.The net investment and receivables of the group amounting to Rs.811.66 lacs has been provided for and disclosed as Exceptional item.
5 No Investor complaints were pending at the beginning and end of the quarter. During the quarter 5 complaints received and were resolved.
6 Figures for corresponding previous period/year have been regrouped / rearranged wherever necessary.
   

E-69, EPIP,
Sitapura Jaipur - 302 022
9th November 2011

  

For and on behalf of the Board of Directors

RAHIMULLAH
Managing Director