Goldiam International Ltd - Stock Valuation and Financial Performance

Goldiam International is located in Mumbai, in India's premier jewelry Manufacturing zone -- SEEPZ -- specially created by the government of India to encourage Indian industrialists to set up world class jewelry manufacturing facilities for 100% export.

Goldiam is one of the largest exporters of INVISIBLE SET jewelry. The annual turnover for the year 2005 is $54 million. Goldiam caters to the needs of all customers Globally. 70% of its annual production is exported to the American market.

Goldiam's product line consists of 7000 designs, in Rings, Ear rings, pendants, bracelets, bangles and necklaces. Goldiam manufactures the above in gold as well as in platinum. The continuous commitment of their management along with 450 skilled workers has enabled them to approach the new millennium with a positive and aggressive attitude.

Development Commissioner, SEEPZ Special Economic Zone granted permission to the company for the establishment  of a trading unit in SEEPZ SEZ, Andheri (E), Mumbai in the state of Maharashtra with an annual capacity of Rs 1,103,000,000 for undertaking trading activities in the below mentioned items of trading -- Rough Diamonds, Cut & Polished Diamonds, Precious Stones, C & P Precious and Semi-Precious Stones, Synthetic Stones (C. Z.), Pearls, Alloys, Plain & Studded Gold Jewellery, Plain & Studded Silver Jewellery, Labels, Findings (Gold/ Silver/ Platinum), Mountings (Gold/ Silver/ Platinum), Stainless Steel Jewellery studded with Diamonds and Precious stones only. This Trading unit shall be entitled for Tax exemption benefits under Section 10AA of the Income Tax Act, 1961.

Goldiam International Limited’s Subsidiary Company, Diagold Designs Limited, has ventured in the Russian market with a Distribution & Retail business in diamond studded jewellery manufactured in the Group’s factories in India and China.

The company’s Retail brand in the Silver Jewellery Segment, ‘OLA’ has entered into distribution tie-ups with some of the leading groups, being: Total Mall in Bangalore, DLF group for kiosks at Delhi and Chandigarh and showroom in Kolkata to be operational by 2009, E City Ventures Fun Republic Cinemas and Malls in Bombay, Bangalore, Delhi, Ahemdabad, Lucknow and Gulbarga. Aditya Birla Group, MORE Hyper Stores for Baroda, Hypercity ARGOS. Ola has featured in the Jewellery section of this first time ever shopping catalogue for Silver and Diamond Jewellery.

Ola is available in a shop-in-shop format with Multi Brand Outlets (MBOs) like Lifestyle, Pantaloons, Globus, Central, Big Bazaar, Spencers and Ebony. It has its own showrooms at Atria Mall and Prime Mall in Bombay and Iscon Mega Mall in Ahmedabad. Ola has its kiosks in the atriums of various leading malls like Inorbit, Infinity and Mumbai Citi Centre in Bombay and Gopalan Mall in Bangalore.

Diagold Designs Limited is also in talks with a leading Russian Retail business house for a proposed Joint Venture.The structure of their organization enables them to be responsive to the needs of their clients. Their pursuit in research and development and an encouraging attitude towards innovativeness moves them towards the goal, which is to continuously deliver a better product to their clients.

Goldiam International announced in December 2008 that it is scaling down its operations in the Retail Silver Jewellery Segment distributed under the Brand name ‘OLA’. The company has started pulling out from retail outlets and the business will be carried on only from a few selected stores. This will enable the Company to control its overheads and improve its operations.

Goldiam International Limited, Mumbai and its subsidiary companies, Goldiam Hong Kong Limited, China and Goldiam Jewels Limited, Mumbai have entered into a contract in January 2008 with Socotra Diamonds Limited, Dubai, UAE, for the export of Jewellery worth $ 10,000,000 (US Dollars Ten Million).

Products  of the company include

Bangles, Rings, Earings, Bracelets and pendents.