| 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. |
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| For GANDHIMATHI
APPLIANCES LIMITED |
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| Place: Chennai |
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| Date : 30.09.2010 |
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