GANDHIMATHI APPLIANCES LIMITED
REGD.OFFICE: 143, VANDALUR-KELAMBAKKAM ROAD
KELAMBAKKAM - 603 103, KANCHEEPURAM DISTRICT
AUDITED FINANCIAL RESUTLS FOR THE FINANCIAL PERIOD OF NINE MONTHS ENDED ON 31ST MARCH, 2011
    Rs. In lakhs
Particulars Financial period of 9 months ended on 31/03/2011 Previous financial period of 18 months ended on 30.06.2010
  Audited Audited
  Rs. Rs.
1. a) Net Sales / Income from Operations 22,070.48 27,162.38
b) Other Operating Income 247.13 145.75
Total Income 22,317.61 27,162.38
2. Expenditure    
a. Increase/(Decrease) in stock in trade and work in progress (1,192.07)          1,320.36
b. Consumption of raw materials, Components 11,420.09        12,018.79
stores and Spares and Processing charges    
c. Purchase of traded goods 3,009.21 2,473.96
d. Employees cost 1,132.52 1,319.30
e. Depreciation 95.46 130.15
f. Excise Duty 1,750.69 1,811.05
g. Other expenditure 4,079.54 5,428.31
h. Total 20,295.44 24,501.92
3. Profit from Operations before Other Income, Interest and Exceptional item (1-2) item (1-2) 2,022.17 2,660.46
4. Other Income 25.15 182.50
5. Profit before Interest & Exceptional Items (3 + 4) 2,047.32 2,842.96
6. Interest 526.24 614.17
7. Profit after Interest but before Exceptional Items (5-6) 1,521.09         2,228.79
8. Exceptional Items 117.79 (132.00)
9. Profit (+)/ Loss (-) from Ordinary Activities before tax (7+8) 1,638.88 2,096.79
10. Tax expenses    
- Income Tax (549.29) (1,019.87)
- Fringe Benefit Tax -   (0.83)
- Excess Provision for taxation made for the previous year reversed 437.30  
- Deferred Tax (7.76) 482.14
11. Net Profit (+)/ Loss (-) from Ordinary Activities after tax (9-10) 1,519.13 1,558.23
12. Extraordinary Items (net of tax expenses) - -
13. Appropriations:    
     Proposed Dividend on Equity Share 96.35                -  
     Tax on proposed Dividend 16.00 -  
14. Net Profit (+) / Loss (-) for the period (11-12-13) 1,406.78 1,558.23
15. Paid-up equity share capital 963.46            963.46
     (Face Value of the share Rs.10 each)    
16. Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year 3,171.48 1,764.71
17. Earnings Per Share (EPS)    
a.  Basic and diluted EPS before Extraordinary Items for the period, for the year to date and for the previous year. 14.60 16.17
b. Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year. 14.60 16.17
18.  Public share holding    
      - Number of shares 3,380,044 2,380,044
      - Percentage of shareholding 35.08% 24.71%
19. Promoters and promoter group share holding    
a) Pledged/Encumbered     
    - Number of shares 318,100 2,059,957
    - Percentage of shares (as a % of the total share holding of promoter and promoter group) 5.09% 28.40%
    - Percentage of shares (as a % of the total share capital of the Company) 3.30% 21.38%
b) Non-encumbered    
    - Number of shares 5,936,457 5,194,600
    - Percentage of shares (as a % of the total share holding of promoter and promoter group) 94.91% 71.60%
    - Percentage of shares (as a % of the total share capital of the Company) 61.62% 53.91%
     

GANDHIMATHI APPLIANCES LIMITED

STATEMENT OF ASSETS AND LIABILITIES AS AT 31.03.2011 BEING THE CLOSE OF FINANCIAL YEAR

     
Particulars Financial period of 9 months  ended on 31/03/2011 Previous financial period of 18 months ended on 30.06.2010
  Audited Audited
SHAREHOLDERS' FUNDS:    
(a) Capital 963.46 963.46
(b) Reserves and Surplus 200.86 200.86
     
LOAN FUNDS 7,678.45 6,745.50
PROFIT AND LOSS ACCOUNT 2,970.62 1,563.84
TOTAL 11,813.39 9,473.67
     
FIXED ASSETS 3,025.17 2,454.11
INVESTMENTS -   -  
CURRENT ASSETS, LOANS AND ADVANCES    
(a) Inventories 4,700.29 2,733.02
(b) Sundry Debtors 4,204.82 2,896.74
(c ) Cash and Bank Balance 904.06 181.31
(d) Others Current Assets -   -  
(e) Loans and Advances 3,274.66 3,187.27
Less: current Liabilities and Provisions    
(a) Liabilities 3,470.14 1,429.26
(b) Provisions 1,456.84 1,188.67
Deferred Tax Assets/(Liabilities) 631.37 639.13
MISCELLANEOUS EXPENDITURE (NOT WRITTEN OFF OR ADJUSTED) -   -  
PROFIT AND LOSS ACCOUNT -   -  
TOTAL 11,813.39 9,473.67
 
1 . The above results, were reviewed by the Audit Committee of the Board and were approved by the Board of Directors at its meeting held on 7th July, 2011
2. The Financial year of the Company for 2010-2011 comprises of nine months, i.e. from 1st July, 2010 to 31st March, 2011.
3. The Figures for the 18 months period ended on 30.06.10 have been regrouped/ rearranged to conform with the figures for the current financial period of nine months ended on 31.3.2011.
4. A Dividend of Re.1/- (Rupee one only) per equity share has been recommended by Directors.
5.  The operation of the Company relates to only  one segment, viz., domestic appliances.
6.  The number of Investor complaints received during the year were 137,  which have been resolved / disposed of.    There were no investor complaints pending at the beginning as well as end of the quarter.
For GANDHIMATHI APPLIANCES LIMITED
 
Place: Chennai
Date : 07.07.2011
V.M. SESHADRI
MANAGING DIRECTOR