VAIBHAV GEMS LIMITED
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER & HALF YEAR ENDED 3OTH SEPTEMBER 2010

 

(Rs. in Lacs)
Sr.
No.
Particulars		 Quarter Ended Half Year Ended Year Ended
30-Sep-10 30-Sep-09 30-Sep-10 30-Sep-09 31-Mar-10
(Un audited) ( Un audited ) ( Un audited ) ( Un audited ) ( Audited )
1 a. Net Sales/Income from Operations 4,507.64 2,711.97 7,980.04 5,039.94 12,083.95
  b. Other Operating Income 36.49 93.57 135.23 (484.86) (581.74)
2 Total Income (a+b) 4,544.14 2,805.54 8,115.27 4,555.09 11,502.21
3 Expenditure          
  a. Increase/Decrease in Stock in          
  Trade and Work in Progress (24.66) 78.16 (58.54) 29.39 158.13
  b. Consumption of Raw Materials 3,214.20 2,126.26 6,113.84 3,885.70 9,044.02
  c. Purchase of Traded Goods 7.38 8.14 7.38 12.64 19.23
  d. Employees Cost 350.47 277.41 700.04 531.15 1,094.63
  e. Depreciation 29.72 29.75 58.69 59.26 120.77
  f. Other Expenditure 595.72 147.61 787.80 397.95 1,075.24
  g. Total 4,172.83 2,667.32 7,609.20 4,916.09 11,512.01
4 Profit from Operations before Other Income, Interest and 371.31 138.21 506.07 (361.00) (9.79)
  Exceptional Items ( 2-3 )          
5 Other Income 0.04 0.08 0.04 0.19 34.73
6 Profit before Interest and Exceptional Items ( 4+5 ) 371.35 138.29 506.11 (360.81) 24.93
7 Interest and Finance Charges 303.25 337.50 608.30 820.38 1,386.21
8 Profit before Exceptional Items & Tax ( 6-7 ) 68.10 (199.21) (102.18) (1,181.19) (1,361.28)
9 Exceptional items - - - - (1,557.60)
10 Profit (+)/ Loss (-) from Ordinary Activities Before Tax (8-9) 68.10 (199.21) (102.18) (1,181.19) 196.33
11 Tax expense (4.76) (5.20) (9.33) (8.07) (17.57)
12 Net Profit (+)/ Loss (-) from Ordinary Activities After Tax (10-11) 72.86 (194.01) (92.86) (1,173.13) 213.90
13 Extra Ordinary Items (Net of Tax Expenses) - - - - -
14 Net Profit (+)/ Loss (-) for the Period Before Minority Interest (12-13) 72.86 (194.01) (92.86) (1,173.13) 213.90
15 Minority Interest -   - - -
16 Net Profit (+)/ Loss (-) for the Period After Minority Interest (14-15) 72.86 (194.01) (92.86) (1,173.13) 213.90
15 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
16 Reserves excluding Revaluation Reserve -       26,374.13
17 a) Earning Per Share before Exceptional items for the Period, for the          
  Year to date & for the Previous Year (not annualized)          
  i) Basic EPS 0.20 (0.65) (0.36) (3.77) (4.38)
  II) Diluted EPS 0.20 (0.65) (0.36) (3.77) (4.38)
  b) Earning Per Share before & after Extraordinary items for the Period, for the          
  Year to date & for the Previous Year (not annualized)          
  i) Basic EPS 0.20 (0.65) (0.36) (3.77) 0.54
  II) Diluted EPS 0.19 (0.65) (0.36) (3.77) 0.53
18 Public Shareholding          
  -Number of Shares 18,707,101 14,516,453 18,707,101 14,516,453 14,516,253
  -Percentage of Shareholding 59.01% 45.79% 59.01% 45.79% 45.79%
19 Promoters and promoter group shareholding          
  a) Pledged/ Encumbered          
  - Number of Shares 2,582,472 2,582,472 2,582,472 2,582,472 2,582,472
  - Percentage of Shares (as a % of the total shareholding of promoter 60.88% 59.76% 60.88% 59.76% 59.76%
  and promoter group)          
  - Percentage of Shares (as a % of the total share capital of the company) 8.15% 8.15% 8.15% 8.15% 8.15%
  b) Non - encumbered          
  - Number of Shares 1,658,900 1,738,948 1,658,900 1,738,948 1,739,148
  - Percentage of Shares (as a % of the total shareholding of promoter 39.11% 40.24% 39.11% 40.24% 40.24%
  and promoter group)          
    - Percentage of Shares (as a % of the total share capital of the company) 5.23% 5.48% 5.23% 5.48% 5.48%
               
Notes :
1 Figures for corresponding previous period/year have been regrouped / rearranged wherever necessary.
2 No Investor complaints were pending at the beginning and end of the quarter. During the quarter, no complaint has been received.
3
 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 13th November 2010.
4 The Statutory Auditors have conducted limited review of the above results of the company as required by clause 41 of the Listing Agreement.
5 The Standalone Company operates in only one segment, i.e. Wholesale, hence, Segmental Information have not been provided.

E-69, EPIP,
Sitapura Jaipur - 302 022
November 13th, 2010

  

For and on behalf of the Board of Directors
Sd/-
RAHIMULLAH
Managing Director

 

 

VAIBHAV GEMS LIMITED
STATEMENT OF ASSETS & LIABILITIES AS AT 30TH SEPTEMBER'2010

Rs. In Lacs
Particulars Standalone As at 31st March'10
As at
30th Sept'10		 As at 30th Sept'09
Un Audited Un Audited Audited
SHAREHOLDERS FUND:      
(a) Capital 7,569.85 7,569.85 7569.85
(b) Reserves and Surplus 59,910.39 60,267.00 59931.83
LOAN FUNDS 17,305.88 17,194.09 16966.42
TOTAL 84,786.12 85,030.94 84468.10
FIXED ASSETS 1,021.95 895.35 911.71
INVESTMENTS 27,724.56 27,724.56 27724.56
DEFERRED TAX ASSETS - NET 37.13 18.30 27.83
CURRENT ASSETS, LOANS AND ADVANCES:      
(a) Inventories 6,496.79 7,130.42 6083.00
(b) Sundry Debtors 13,346.11 9,773.40 11001.37
(c) Cash and Bank balances 270.71 461.84 564.37
(d) Other current assets 5.90 5.55 1.91
(e) Loans and Advances 5,559.84 6,120.72 5655.97
Less: Current Liabilities and Provisions:      
(a) Liabilities 3,169.59 1,931.83 929.04
(b) Provisions 157.82 112.08 136.97
MISCELLANEOUS EXPENDITURE (NOT WRITTEN OFF OR ADJUSTED) -    
PROFIT AND LOSS ACCOUNT 33,650.55 34,944.72 33563.39
TOTAL 84,786.12 85,030.94 84,468.10