GANDHIMATHI APPLIANCES LIMITED
REGD.OFFICE: 143, VANDALUR-KELAMBAKKAM ROAD
KELAMBAKKAM - 603 103, KANCHEEPURAM DISTRICT
UNAUDITED FINANCIAL RESUTLS FOR THE QUARTER ENDED 31ST DECEMBER, 2010
Rs. In lakhs
Particulars Three months ended 31/12/10 Corresponding Three months ended in the previous year 31/12/2009 Six months ended 31/12/10 Corresponding Six months ended in the previous year 31/12/2009 Previous accounting year of 18 months period ended 30.06.2010
  (Unaudited) (Unaudited) (Unaudited) (Unaudited) Audited
  Rs. Rs.     Rs.
1. a) Net Sales / Income from Operations 8,652.13 5,764.62 15,438.70 10,717.39 27,162.38
b) Other Operating Income 104.45 27.92 169.13 47.84  
Total Income 8,756.58 5,792.54 15,607.84 10,765.23 27,162.38
2. Expenditure          
a. Increase/(Decrease) in stock in trade and work in progress (211.94) 203.13 (606.67) (122.54) 1,320.36
b. Consumption of raw materials, Components 4,491.86 2,782.03 8,059.55 5,727.47 12,018.79
stores and Spares and Processing charges   -   -  
c. Purchase of traded goods 1,079.94 467.63 1,894.01 729.11 2,473.96
d. Employees cost 337.44 221.83 653.67 437.16 1,319.30
e. Depreciation 34.59 23.93 58.89 48.43 130.15
f. Excise Duty 681.17 349.23 1,260.14 695.88 1,811.05
g. Other expenditure 1,427.00 1,103.86 2,789.10 2,136.47 5,428.31
h. Total 7,840.06 5,151.64 14,108.70 9,651.98 24,501.92
3. Profit from Operations before Other Income, Interest and Exceptional item (1-2) 916.52 640.90 1,499.14 1,113.25 2,660.46
4. Other Income 2.74 8.93 5.59 13.03 182.50
5. Profit before Interest & Exceptional Items (3 + 4) 919.26 649.83 1,504.73 1,126.28 2,842.96
6. Interest 183.99 117.74 366.09 184.74 614.17
7. Profit after Interest but before Exceptional Items (5-6) 735.27 532.09 1,138.63 941.54 2,228.79
8. Exceptional Items         (132.00)
9. Profit (+)/ Loss (-) from Ordinary Activities before tax (7+8) 735.27 532.09 1,138.63 941.54 2,096.79
10. Tax expenses          
- Income Tax 132.35 180.86 204.95 (320.03) (1,019.87)
- Fringe Benefit Tax         (0.83)
- Deferred Tax Asset (6.14) 0.25 (8.17) 2.38 482.14
11. Net Profit (+)/ Loss (-) from Ordinary Activities after tax (9-10) 609.07 350.99 941.85 623.89 1,558.23
12. Extraordinary Items (net of tax expenses)   -      
13. Net Profit (+) / Loss (-) for the period (11-12) 609.07 350.99 941.85 623.89 1,558.23
14. Paid-up equity share capital 963.46 963.46 963.46 963.46 963.46
(Face Value of the share Rs.10 each)          
15. Reserves excluding Revaluation Reserves as per balance sheet          
of previous accounting year - - - - 1,764.71
16. 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. 6.32 3.64 9.78 6.48 16.17
b. Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year. 6.32 3.64 9.78 6.48 16.17
17. Public share holding          
- Number of shares 2,380,044 2,380,044 2,380,044 2,380,044 2,380,044
- Percentage of shareholding 24.70% 24.70% 24.70% 24.70% 24.71%
18. Promoters and promoter group share holding          
a) Pledged/Encumbered          
  9634601 9634601 9634601 9634601 9634601
- Number of shares 2,059,957 2,059,957 2,059,957 2,059,957 2,059,957
- Percentage of shares (as a % of the total share holding of promoter and promoter group) 28.40% 28.40% 28.40% 28.40% 28.40%
- Percentage of shares (as a % of the total share capital of the Company) 21.38% 21.38% 21.38% 21.38% 21.38%
b) Non-encumbered          
- Number of shares 5,194,600 5,194,600 5,194,600 5,194,600 5,194,600
- Percentage of shares (as a % of the total share holding of promoter and promoter group) 71.60% 71.60% 71.60% 71.60% 71.60%
- Percentage of shares (as a % of the total share capital of the Company) 53.92% 53.92% 53.92% 53.92% 53.91%
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 10th February, 2011.
2. The Figures for the quarter ended on 31.12.2009, half year ended on 31.12.2009 and for 18 months period ended on 30.06.10 have been regrouped/ rearranged to conform with the figures for the current quarter ended on 31.12.2010.
3. The operation of the Company relates to only one segment, viz., domestic appliances.
4. The number of Investor complaints received during the quarter were 19, which have been resolved / disposed of. There were no investor complaints pending at the beginning as well as end of the quarter.
5. Limited Review of the above results has been carried out by the Company's Statutory Auditors and the Report forwarded to the Stock Exchanges.
For GANDHIMATHI APPLIANCES LIMITED
Place: Chennai (V.M.BALASUBRAMANIAM)
Date : 10.02.2011 MANAGING DIRECTOR
GANDHIMATHI APPLIANCES LIMITED
STATEMENT OF ASSETS AND LIABILITIES AS AT 31.12.2010 BEING THE END OF FINANCIAL YEAR
Rs. In lakhs
PARTICULARS FINANCIAL HALF YEAR ENDED AS AT 31.12.10 CORRESPONDING FINANCIAL YEAR ENDED AS AT 30.06.2010
  Unaudited Audited
  Rs. Rs.
SHAREHOLDERS' FUNDS:    
(a) Capital 963.46 963.46
(b) Reserves and Surplus 200.86 200.86
     
LOAN FUNDS 7,684.84 6,745.50
PROFIT AND LOSS ACCOUNT 2,505.69 1,563.84
TOTAL 11,354.85 9,473.67
     
FIXED ASSETS 2,760.47 2,454.11
INVESTMENTS - -
CURRENT ASSETS, LOANS AND ADVANCES    
(a) Inventories 3,847.93 2,733.02
(b) Sundry Debtors 4,749.43 2,896.74
(c ) Cash and Bank Balance 428.36 181.31
(d) Others Current Assets   -
(e) Loans and Advances 3,736.36 3,187.27
Less: current Liabilities and Provisions    
(a) Liabilities 3,410.67 1,429.26
(b) Provisions 1,404.33 1,188.67
Deferred Tax Assets/(Liabilities) 647.30 639.13
MISCELLANEOUS EXPENDITURE (NOT WRITTEN OFF OR ADJUSTED) - -
PROFIT AND LOSS ACCOUNT - -
TOTAL 11,354.85 9,473.67