PDF Butterfly Gandhimathi Appliances Limited

BUTTERFLY GANDHIMATHI APPLIANCES LIMITED

September 11, 2018

General Manager -- DCS, . Dept. of Corporate Services, BSE Ltd, Floor |, P.J.Towers, Dalal Street,

Mumbai -- 400 001

Manager, National Stock Exchange of India Ltd Exchange Plaza, Bandra Kurla Complex, Bandra (E),

Mumbai -- 400 051

Dear Sir,

ANNUAL REPORT 2018

Pursuant to the provisions of Regulation 34 (1) of the SEBl (LODR) Regulations, 2015 enclosed please find Company's Annual Report for financial year ended on 31.3.2018, which has been duly adopted at its Annual General Meeting held on 11.09.2018.

Please treat this as in compliance with the Listing Regulations.

Thanking you,

Yours faithfully, For Butterfly Gandhimathi Appliances Limited

k. ?.RWW

Company Secretary & General Manager (Legal)

Encl: a/a.

Regd. Office : 143, Pudupakkam Village, Vandalur - Kelambakkam Road, Kelambakkam - 603 103, Kancheepuram District.

Phone : +91-44-4741 5500 CIN No. : L28931TN1986PLCO12728

E-mail : gmal@butterf| Web :

Corporate Office : E-34. ll Floor. Rajiv Gandhi Salai, Egattur Village, Navalur - 600 130, Kancheepuram District. Phone : 044 - 4900 5100, 5154 E-mail : butterflyho@butterflyindiacom

4' Butterfly? Goodfor a lifetime

ANNUAL REPORT

2018

SOARING TO EXCELLENCE

Annual Net Revenue (icrore)

EBITDA (acrore)

FY11

FY12

FY13

FY14

FY15

FY16

FY17

FY18

I Branded Sales I Govt Order

27

I

FY11"

63 FY12

73 FY13

62 FY14

44 FY15

65 FY16

-

36

I

FY18

Net worth (icrore)

Profit After Tax (icrore)

201

224

226

229

175

180

7 03 41

II

FY13

FY14

FY15

FY16

FY17

FY18

30 19

I

33

22

I 12 LI

'56

5 -

FY11*

FY12

FY13

FY14

FY15

FY16

FY18

Net Debt - Equity Ratio

0.7

0.7

0-8

0.5

FY11

FY12

0.0 FY13

FY14

FY15

FY16

FY17

FY18

Market Cap (acrore)

587

523

897

140

FY11

FY12

FY13

FY14

FY15

FY16

FY17

FY18

BUTTERFLY GANDHIMATHI APPLIANCES LIMITED ANNUAL REPORT 2018

CONTENTS

Page No. I. Chairman's Message 2 ...........................................

2.

Notice

......................................................................

3

3. Directors' Report 9 ................................................ 4. Management Discussion and Analysis 34

Corporate 5. Report on

Governance 39 .............

Independent Report 6.

Auditors

.....................

52

Page No.

7.

Balance

Sheet

.....................................................

58

8. Profit and Loss Statement 59 .............................

9. Cash Flow Statements 6O ....................................

Changes Equity 10. Statement of

in

.................

6i

II.

Route

Map

...........................................................

98

Slip Proxy 12. Attendance

&

Form IOI ..................

--

Mr. V. M. Lakshminarayanan Chairman & Managing Director ....................................................

Mr. V. M. Balasubramaniam Vice Chairman & Managing Director ......................................................

Mr. V.

M.

Seshadri

...............................................................................

Managing

Director

Mr. V. M. Gangadharam Executive Director ................................................................

Mr. V. M. Kumaresan

Executive Director - Technical

........................................................................

Mr.

K.

Ganesan

.......................................................................................

Independent

Director

Mr.

M.

Padmanabhan

......................................................................

Independent

Director

Mr. A. Balasubramanian Independent Director ...............................................................

Mr.

K. J.

Kumar

......................................................................................

Independent

Director

Mr.

G.

S.

Samuel

...................................................................................

Independent

Director

Mr. T.

R.

Srinivasan

............................................................................

Independent

Director

Mrs. Maheshwari Mohan Woman Independent Director .............................................................

Mr.

Anand

Mundra

.............................................................................

Nominee

Director -

Equity

Investor

Mr.

Prakash

Iyer

....................................................................................

Chief

Executive

Officer

Mr. K. S. Ramakrishnan Company Secretary & General Manager Legal .................................................................

-

Mr.

R.

Nagarajan

..................................................................................

Chief

Financial

Officer

STATUTORY AUDITORS

M/s.ASA & Associates LLP Chartered Accountants, Unit 709 & 710, 7th Floor, `BETA Wing', Raheja Towers, New Number 177, Anna Salai,

Chennai -- 600 002

COST AUDITORS

M/s. S.Mahadevan & Co., Cost Accountants, 1, Lakshmi Nivas, K.V. Colony, Third Street, West Mambalam,

Chennai -- 600 033.

I43, Pudupakkam Village, Vandalur - Kelambakkam Road,

Kelambakkam -- 603103

Kancheepuram District, Tamil Nadu

CIN: L2893ITNI986PLC012728

Phone: 044-044-47415500/46. Email: butterflyho@

CORPORATE OFFICE

E-34, Second Floor, Rajiv Gandhi Salai, Egattur Village, Navalur- 600130, Kancheepuram District, Tamil Nadu Phone : 044-49005154/180 Email: cs@ Website:

GNSA Infotech Ltd, STA Department, Nelson Chambers, F-Block 4th Floor, 115, Nelson Manickam Road, Aminjikarai, Chennai - 600029 Phone: 044-42962025 Email: sta@

BANKERS State Bank of India Axis Bank IDBI Bank Bank of Maharashtra

31" ANNUAL REPORT-2018

Chairman's

M essa g e

I

Mr. v. M. Lakshminarayanan

ChaTrman

Dear FeT TOW Shareho`ders,

DurTng the anancTaT year 20T7-Ts, the macro busTness eanronment was characterTzed by uncertaTnty and voTatTTTty. WhTTe gTobaT growth Ts shoang sTgns of recovery there Ts stTTT a Tong way to go. The recovery was markedTy stronger than expected Tn the Euro area, and, to a Tesser degree, Tn the UnTted States and Japan. As economTc sTack destes and monetary poTTcy becomes more accommodatTve growth Ts expected to stabTTTse. TndTa's growth story has TargeTy remaTned posTtTve, and TndTa has regTstered a steady pace of GDP growth around 7 percent Tn the anancTaT year 20T7-Ts. The growth path for TndTa Tooks prostTng Ted by, GST beTng TmpTemented, focus on cTeanTng up the nonperforang assets especTaTTy of was ................
................

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