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Goldiam International
BSE: 526729|NSE: GOLDIAM|ISIN: INE025B01017|SECTOR: Diamond Cutting/Precious Metals/Jewellery
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Company History - Goldiam International
The Company was incorporated  under the Companies Act, 1956 as a
 Private Ltd.  Company on 10.10.1986 under the name of Goldiam
 (International) Pvt.  Ltd.  and subsequently the name was changed to
 Goldiam lnteriiational Pvt.Ltd. The company became a deemed Public
 Ltd.  company under section 43 A of the Companies Act with effect
 from 30.06.1991, It was later converted into a Public Limited Company
 vide the shareholders
 special resolution dated 24.08.1994 and the revised Certificate of
 Incorporation issued by the Registrar of Companies Maharashtra dated
 20.09.1994 and changed its name to Goldiam International Ltd.
 
 MAIN OBJECTS OF THE COMPANY:
 The main objects of the company as set out in its Memorandam of
 Association are as under :
 
 1. To carry on the business of buying,selling,sawing, cutting
 polishing, manufacturing, preparing for market, manipulating,
 importing, exporting, trading and dealing in pearls, gems diamonds,
 industrial diamonds and all kinds of precious and semi precious
 stones as also all kinds of diamond powders,diamond pastes and all
 kinds of jewellery and ornaments
 of gold,silver,platinum and including omaments containing or having
 diamonds and all precious and semi precious stones. 
 
 2.To carry on the business of buying, selling, polishing,
 manufacturing, importing, exporting as jewellery, gold and
 silversmiths, dealers in china curiosities, articles of vertucoins,
 medals, bullion and precious stones, and as manufacturers of and
 dealers in gold, silver, and other precious metals and gold an-d
 silver plate, plated articles, watches,
 clocks, chronoc.eters.and optical and scientific instruments and
 appliances.
 
 PRESENT BUSINESS OF THE COMPANY:
 The company is engaged in the twin business of export of cut &
 polished diamonds and the export of plain and studded gold jewellery.
 After setting up the diamond cutting and polishing section the company
 set up the jewellery manufacturing facility incorporating the latest
 state of the art technology.  The company today is one of the first
 companies which has the entire cut & polished diamond studded gold
 jewellery manufacturing facilities under one roof thus achieving
 complete forward
 integration.  The Company's unflinching commitment to quality is
 indicated by in the fact that it has been winning the awards for
 outstanding export performance for the last three consecutive years
 i.e. 1991, 1992, & 1993.
 
 In view of the vast unsatiated demand for jewellery the company has
 embarked upon an expansion programme last year to increase annual
 capacity of jewellery section from the present 75,000 units to
 4,00,000 units. 
 
 SUBSIDIARY(IES) IF ANY:
 The company does not have any subsidiary.
 
 2002
 
 -Goldiam International Ltd has informed  that it has decided to allot
 Bonus shares in the ratio 1:1. Also appointed two additional Directors
 Shri V N Nadkarni and Dr R Srinivasan.
 
 2003
 
 Goldiam International Ltd has informed that it has been awarded
 trophy for standing 3rd by the Gem & Jewelry Export Promotion Council
 for its export performance under the category studded Precious Metal
 Jewellery (EPZ/EOU) for the year 2002-03. The award was presented on
 December 13, 2003.
 
 2005
 
 -Delists equity shares from the Delhi Stock Exchange Association Ltd
 (DSE) with effect from July 15, 2005.
 
 -Goldiam International has given the Bonus in the Ratio of 1:1
 
 2006
 
 -Goldiam International signs MOU with Cinemax Group.
 
 2007
 -Goldiam International signs MoU with Lifestyle International.
 
 
 2010
 
 - The Board of Directors have recommended a Dividend of Re. 1/- per
 equity share of Rs. 10/- each fully paid-up (i.e. 10%) for the
 financial year ended.
 
 - GoldiamInter - Single Export order worth US$ 6 million
 (approximately Rs. 27 crores) for diamond studded jewellery.
 
 - GoldiamInter - Additional Export order worth US$ 1 million
 (approximately Rs. 4.5 crores) for diamond studded jewellery.
 
 
 2011
 
 - The Board of Directors have declared an interim dividend of Re. 1/-
 per equity share of Rs. 10/- each fully paid-up (i.e. 10%) for the
 financial year.
 
 
 2012
 
 - The Board of Directors has declared an interim dividend of Rs. 1.10
 per equity share of Rs. 10/- each fully paid-up (i.e. 11%) for the
 financial year.
Source : Dion Global Solutions Limited
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