Scripscan:Goldiam International Ltd
cmp:36
Code:526729
Story:Founded in 1986,Goldiam International (GIL) has its roots in the exports of diamonds (rough/cut) and studded gold jewellery.GIL exports cut and polished diamonds as well as plain and studded gold jewellery. It undertakes jewellery making in addition to diamond cutting and polishing. It has a state-of-the-art manufacturing facility in Mumbai, in an exclusive 100% export-oriented zone. It has the capacity to cut 9,00,000 stones daily. Some of products are gold and diamond-studded rings, lightweight American cluster rings, cocktail rings, channel set bands, pendants, diamond, and color studded bracelets and earrings. Some of the company’s top clients are Wal-Mart, J C Penny, Zales, Gordon’s, etc. As a policy, the business from any single client is restricted to no more than 12% of revenue. GIL has also taken over a factory in China to manufacture platinum jewellery and target the oriental jewellery market.GIL manufactures and exports exquisite diamond and gemstone jewellery to the USA, Europe, Asia, Africa and West Asian countries and also wants to enter other large international markets in Russia and Japan as well. GIL has a robust business model which caters to different geographies and hence requires distinct designing capabilities. GIL. (at SEEPZ) has three subsidiaries in which it has 51% share: – Diagold Designs Pvt. Ltd, Goldiam Jewels Pvt. Ltd, Goldiam HK Ltd. The company holds 100% in the fourth subsidiary Goldiam Jewellery Pvt. Ltd. All these subsidiaries enjoy tax subsidies. Goldiam Jewellery has been recently set up to enjoy the benefit of tax savings, as the tax holiday enjoyed by the parent company would cease this year.The subsidiary enjoys a 100% tax holiday for the next five years and a partial holiday for ten years thereafter.At present prices its quotes at 4 PE its expected fy12 earnings of 9rs.Valuations are quite cheap considering its peers.Goldiam may provide some upside benefits going forward.
Subscribe to:
Post Comments (Atom)
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
No comments:
Post a Comment