GANDHIMATHI APPLIANCES LIMITED
REGD.OFFICE: 143, VANDALUR-KELAMBAKKAM ROAD
KELAMBAKKAM - 603 103, KANCHEEPURAM DISTRICT
AUDITED FINANCIAL RESUTLS FOR THE PERIOD FROM 1.1.2009 TO 30.0.6.2010
    Rs. In lakhs
Particulars Eighteen months period ended 30/06/2010 Previous accounting year of 18 months period  ended 31/12/2008
  Audited Audited
  Rs. Rs.
1.  a) Net Sales / Income from Operations 27,162.38 16,055.57
     b)  Other Operating Income 0.00 0.00
     Total Income 27,162.38 16,055.57
2.  Expenditure    
      a.  Increase/(Decrease) in stock in trade and work in progress 1,320.36 (220.72)
      b.  Consumption of raw materials, Components 12,018.79 8,823.15
           stores and Spares and Processing charges    
      c.  Purchase of traded goods 2,473.96 943.45
      d.  Employees cost 1,319.30 760.61
      e.  Depreciation 130.15 170.89
       f.  Excise Duty 1,811.05 1,586.34
      g.  Other expenditure 5,428.31 2,753.47
      h.  Total 24,501.92 14,817.20
3. Profit from Operations before Other Income, Interest and Exceptional item (1-2) 2,660.46 1,238.37
4. Other Income 182.50 435.82
5. Profit before Interest & Exceptional Items (3 + 4) 2,842.96 1,674.19
6. Interest 614.17 313.74
7. Profit after Interest but before Exceptional Items (5-6) 2,228.79 1,360.45
8. Exceptional Items (132.00) (5.49)
9. Profit (+)/ Loss (-) from Ordinary Activities before tax (7+8) 2,096.79 1,354.96
10. Tax expenses    
     - Income Tax (1,019.87) (460.55)
     - Fringe Benefit Tax (0.83) (6.40)
     - Deferred Tax 482.14 62.13
11. Net Profit (+)/ Loss (-) from Ordinary Activities after tax (9-10) 1,558.23 950.14
12. Extraordinary Items (net of tax expenses)   0.00
13. Net Profit (+) / Loss (-) for the period (11-12) 1,558.23 950.14
14. Paid-up equity share capital 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 1,764.71 206.48
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. 16.17 9.86
b. Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year. 16.17 9.86
17.  Public share holding    
      - Number of shares 2,380,844 2,380,844
      - Percentage of shareholding 24.71% 24.71%
18. Promoters and promoter group share holding    
a) Pledged/Encumbered    
  9634601 9634601
    - Number of shares 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%
    - Percentage of shares (as a % of the total share capital of the Company) 21.38% 21.38%
b) Non-encumbered    
    - Number of shares 5,193,800 5,193,800
    - Percentage of shares (as a % of the total share holding of promoter and promoter group) 71.60% 71.60%
    - Percentage of shares (as a % of the total share capital of the Company) 53.91% 53.91%
     
1. The Figures for the financial year ended on 31.12.2008 have been regrouped/ rearranged to conform with the figures for the financial year ended on 30.06.2010.
2. A proposal submitted by Gangadharam Appliances Limited (GAL), an associate of the Company, who are also in the same segment of business as the Company, viz., domestic appliances, for the merger of its entire undertaking with the Company has been approved in principle by the Hon'ble Board for Industrial and Financial Reconstruction (BIFR).  The draft Scheme for the said merger as of 1st January, 2009 has been  submitted by GAL to BIFR.  An Extraordinary General Meeting of the Company seeking approval of its shareholders for the proposed merger was convened on 9th September, 2010.  At this meeting the share holders have unanimously approved the proposed merger, subject to approval of Hon'ble BIFR.   If the approval is granted by BIFR for the proposed merger, the transactions, asset and liabilities of the merging entity, GAL will be incorporated as part of the accounts of this Company.  The results now provided are of the Company only.
3.  The operation of the Company relates to only  one segment, viz., domestic appliances.
4 . The above audited results, were approved by the Board of Directors at its meeting held on 30.09.2010.
For GANDHIMATHI APPLIANCES LIMITED
Place:  Chennai
Date :  30.09.2010