The Oberoy Hotel Group Annual Report 2010-2011

7/31/2019 The Oberoy Hotel Group Annual Report 2010-2011

1/127

Annual Report 2010 - 2011


2/127

Covr:

I 2011, Th Obroi Udaivila-s rakd as th 5th tophotl i th world ad th 1st i Asia i a Radrs Poll

coductd b Travel + Leisure, USA.

Annual Report 2010-2011


3/127

COnTenTS

Th Board of Dirctors 6

Th Obroi Dharma 8

Th Obroi Group Missio 9

Highlights 39

Chairmas Rviw 40

Dirctors Rport 42

Maagmt Discussio ad Aalsis 45

Rport o Corporat Govrac 51

Statmt pursuat to Sctio 212 67

Auditors Rport 69

Balac Sht 74

Prot a Loss Accot 75

Cash Flow Statmt 76

Schduls to Accouts 78

Cosolidatd Fiacial Statmts 109


4/127

T Lat Rai Baar M.S. ObroiFounder of The Oberoi Group

1898-2002


5/127

P.R.S. Obroi, Chairman

BOARD

Mr. P. R. S. ObroiChairman & Chief Executive

Mr. S. S. MukhrjiVice Chairman

Mr. Vikram ObroiChief Operating Ofcer & Joint Managing Director

Mr. Arju ObroiChief Planning Ofcer & Joint Managing Director

Mr. S. K. Dasgupta

Mr. Ail nhru

Mr. Raja Rahja

Mr. L. Gas

COMPAny SeCReTARy

Mr. Gautam Gaguli

AUDITORS

Ra & Ra, Chartrd Accoutats6, Crc La, Kolkata 700 001

ReGISTeReD OFFICe

4, Mago LaKolkata 700 001


6/127

Th Obroi Dharma

FundAMenTAL COde OF COnduCT

W, as mmbrs ofOBeROI Orgaisatio ar committd to displa through our bhaviour

ad actios th followig COnDUCT which applis to all aspcts of our Busiss :

COnDUCT wic is of t igst tical staarsitllctal, acial a moral

a rcts t igst lvls of cortsy a cosiratio to otrs.

COnDUCT which builds ad maitais Tam work, with mutual trust as th basis of

all workig rlatioship.

COnDUCT wic pts t cstomr rst, t Compay sco a t slf last.

COnDUCT wic xmplis car for t cstomr trog aticipatio of ,

atttio to dtail, xcllc, asthtics ad stl ad rspct for privac alog with

warmth ad cocr.

COnDUCT which dmostrats two-wa commuicatio accptig costructiv dbat

ad disst whilst actig farlssl with covictio.

COnDUCT which dmostrats that popl ar our k asst, through rspct for vr

mplo, ad ladig from th frot rgardig prformac achivmts as wll as

idividual dvlopmt.

COnDUCT which at all tims safguards th saft, scurit, halth ad viromt

of customrs, mplos ad th assts of th Compa.

COnDUCT wic scws t sort-trm qick-x for t log-trm stablismt of

halth prcdt.

Th Obroi Group Missio

OUR GUeSTS

W ar committd to mtig ad xcdig th xpctatios of our gusts

through our urmittig ddicatio to prfctio, i vr aspct of srvic.

OuR PeOPLe

W ar committd to th growth, dvlopmt ad wlfar of our popl

upo whom w rl to mak this happ.

OUR DISTInCTIVeneSS

Togthr w shall cotiu th Obroi traditio of piorig i th

hospitalit idustr, strivig for usurpassd xcllc i high pottial locatios all

t way from t Mil east to Asia Pacic.

OuR ShARehOLdeRS

As a rsult w will crat xtraordiar valu for our stakholdrs.


7/127

he Oberoi Vanyavila- s, Ranthambhore

It is our endeavour to offer the nest experience to our guests by exceeding expectations through

an unremitting dedication to perfection in every aspect of our business.

In the year 2011, 3 Oberoi hotels have been ranked in the rst 15 hotels worldwide and 3 have

been ranked 1, 3 and 4 hotels in Asia in a Readers Poll conducted by Travel+Leisure , USA.

Employees are our greatest asset; their dedication has helped Oberoi hotels to be recognised as a

global brand.

Reproduced in this Annual Report is a selection of g uest comments, reinforcing our belief that

best employees make the worlds best hotels.

he Oberoi Vanyavila- s, Ranthambhore


8/127

Every detail, the service, the atmosphere, food, facilities were all incredible. The staff goesabove and beyond, especially in the litt le details that make a huge difference. Room service with

a toaster for my gluten free bread is something I have never seen. Thanks to each and ever yone

who did an outstanding job in making me feel welcome and at home here.

Ms. Brenda Bra inerd, United States of America Hotel opened in April, 2011


9/127

Flawless! The staff was professional, thoughtful and kind, absolutely outstanding. Theground, facilities and lakeside setting are beautiful. From the moment of arrival to departure,

we were well looked after. It is difcult to leave.

Ms. Tanya Marie Brandes, United States of America Ranked the best resort in Asia and the 5th best in the world by the readers of Travel + Leisure, USA in 2011.


10/127

In our opinion, the new monuments in India are built by the Oberoi chain. We are doinga Rajasthan tour using the Oberois and I would not imagine coming back and not staying in

again! Exceeded our expectations, thank you!!Ms. Azpilueta Maria Capilla Eulalia, Spain Ranked the 3rd best resort in Asia and the 8th best in the world by the readers of Travel + Leisure, USA in 2011.


11/127

Our stay here at The Oberoi Amarvila-s was trul y amazing. We could not be more pleased!It really made our honeymoon such a memorable experience. Not only do you have a very

beautiful hotel, but also the quality of service is superb and we could not have asked for a more

friendly and accommodating staff.Mr. Gary Rodney and Ms. Joan Oriel, United States of America Ranked the 4th best resort in Asia and 14th best in the world by the readers of Travel + Leisure, USA in 2011.


12/127

Ranked the best resort in Asia and the world by the readers ofTravel + Leisure, USA in 2010.

Everyone here is exceptional in terms of friendliness and courteous service. Wethoroughly enjoyed our stay here. The thought, the attention to detail were outstanding.

We will highly recommend Vanyavilas to our friends. T hank you!

Mr. & Mrs. Hwa Y. Kim, Canada


13/127

My wife and I have been travelling around the world for 4 months and had the privilege of staying atmany ne hotels and would like to recognise your hotel as the number one hotel we have stayed in on this trip

and in the top three we have stayed in during our lifetime. The attention to detail, the luxury, the high quality

of service and your excellent staff made our stay memorable. We hope to be back some day! Thanks!Mr. & Mrs. Narayan,India Ranked the 2nd best leisure hotel in A sia by the readers ofCond Nast Traveller, UK in 2010.


14/127

An experience marked by high end luxur y, perfect settings superb service by dedicated staff,and excellence in just anything from smooth transfers to exquisite food. I could not think of a

better introduction to the rich culture and heritage of India.Dr. Christian Buck, Germany Ranked the 10th best overseas business hotel in world by the readers of Cond Nast Traveller, UK in 2010.


15/127

Staff paid extreme attention to details and were always consistent, warm, helpful, efcient,thoughtful and caring professionals. It was a truly amazing experience and I want to return for

leisure as there is so much to do and enjoy at the hotel. Rooms were picturesque.Ms. Monic Chhabria, United Kingdom Ranked the 14th best city hotel in Asia by the readers of Travel + Leisure, USA in 2011.


16/127

In 35 years of International travel, I have never experienced a better managed or moreprofessionally staffed hotel anywhere in the world. Our every need was answered. The Oberoi

Group should be deeply proud of this extraordinary property and for its superb management

& staff.Mr. Carl & Ms. Susanne Chiappa, United States of America Ranked the 2nd best luxury hotel in India by TripAdvisor in 2010.


17/127

This week has been perfect and ever yone has been a super and a perfect host. We wish wehad a second week. We have stayed in Oberoi hotels in India so knew about the splendid

service but even better on The Oberoi Zahra. Thank you all.Mr. Lowell Schnipper, United States of America Ranked the best ve star cruiser on the Nile by the Ministry of Tourism, Egypt in 2009.


18/127

One of the best hotels we have stayed in for a family holiday. The friendliness of all yourstaff have been outstanding! Beautiful surroundings, lovely, comfortable rooms, good food and

top service made this a truly magical holiday!Mr. & Mrs. Jon Godfray and family, United Kingdom Ranked the 10th best hotel spa in Africa, Middle East and Indian Ocean by the readers of Cond Nast Traveller, UK in 20


19/127

Fantastic service, excellent staff. You are all truly lovely and professional. This is what ahotel standard should be like. I will denitely come back.

Ms. Elaine Shelton, United Kingdom Ranked the 16th best leisure hotel in Asia by the readers ofCond Nast Traveller, UK in 2010.


20/127

Ranked the best resort on the Red Sea by theMinistry of Tourism, Egypt in 2009.

It was wonderful. My son put it perfectly. The setting is wonderful, the staff outstandingand everything is so elegant and decent that you feel like home. We will come back.

Ms. Severin Schwarzacher,Austria


21/127

* based on the number of Equity Shares subsequent to sub-division of face value and issue of Bonus Shares on 20th September, 2006

**based on the number of Equity Shares subsequent to Rights Issue of Equity Shares on 26th March, 2011

(without Extraordinary Item)

(without Extraordinary Item)


22/127


23/127

40

ChaIRMaNS RevIew

lis n gnmn,

tr s i pcin gb cnmis u s rcr in 2011.Unrun, is is n ik ppn. Gb cnmis n cnmicnirnmn rmin uncrin n i. t r s s bn cnrni sci-piic pmns ic cu srius cnsuncs r us.

In rcn mns sr cunris in Nr aric n Mi es snsci n piic unrs. tunisi n egp sn prun cngs inir piic ssms. Pp in sr r cunris in rgin r skingmjr cngs in ir piic ssms; r mning n n cs icrsips.

Jpn is srugging i rm ruk n subsunTsunami. I is r pric is nur cmi i c gbmrks.

Cnsiring ns s b, r bs i uncrin n ii.In s circumsncs n k sps srngn Cmpns cpci isn suc scks. w mus rcis cuin in uing businssppruniis.

Ini s cs sr cngs. t Grnmn s n bn b curbinin. Incrs in inrs rs r mpring inusri prucin n

rcn scns n ugr r rign irc insmn.

I is unrun pni Inis r n urism inusr s nbn u rcgnis. a im n cunrs bnc pmns psiinis mr cncrn, i is mr imprn Grnmn gis uimprnc r n urism inusr ic rn US$ 14.19 biinin r 2010. Rgrb, mpmn pni inusr s n

bn u pp. t r n urism inusr prsn mps 25 miinpp irc n n u numbr inirc ic cu gr pnni iIni gs is ir sr rign rrs. Cin gs 50 miin rign isirsrs g mr 5 miin!

Mn inrnin spii brns r sbising ir prsnc in Ini. tisrn i unub incrs cmpiin r us. as I s minin, cmpiin is cm n i ncurg us ris ur snrsurr n ic us sric cnc.

t obri Grup cninus b rcgnis inrnin b rrs sbing mngs bs spii grups ri. t numrus rs nccs cnrr upn mn ur s r u icin ur s cninu pri ur guss i cpin sric. tis is surc pri n siscin r us.


24/127

41

tug r s bn sm imprmns in inrsrucur, muc mr ns b n. Inrsrucur is k ur cnmic pmn. w n mrpr, pb r, rs n mr irprs pnn n bui n inrninsnrs.

I is i rcgnis r n ing nug in ur urbn cnrs.as pr rcn McKins Rpr n urbnisin, r i b mn mr sizburbn cnrs in Ini r n cs. as rsu, inrsrucur in urprsn n uur urbn cnrs i bcm mr . our pic mkrsn rss is prbm n r ing.

I nk m cgus n Br r ir cninu suppr n guinc.I m gru ur Srrs r Cmpns succssu Rigs Issu.

In cncusin, I nk ur mps n r skrs r irsuppr.

tnk u.

P.R.S. obriCirmn15 Jun, 2011


25/127

42

dIReCtoRS RePoRt

t Br prsns Si-frs annu Rpr gr i aui Smn accuns n auirs Rpr in rspc r n 31s Mrc, 2011.

t fnnci igigs r s u b:

Rups in miin 2010-2011 2009-2010

t Rnu 11,429.49 9,072.73

ernings br Inrs, dprciin, ts, amrisinsn ecpin Ims (eBIdta) 3,340.48 2,579.05

Inrs n Finnc Crgs 1,551.94 1,008.85

dprciin 874.35 680.31

ecpin Incm/(epniur) (44.18) Ni

Prf br 870.01 889.89

Currn 53.98 178.10

drr 170.63 139.52

Prf r 645.40 572.27

diin 514.41 471.54

diin 71.39 76.16

trnsr Gnr Rsr 128.08 100.00

Bnc crri r 3,014.73 3,083.21

In ccornce wih he provisions o Secion 217(2aa) o he Compnies ac, 1956(he ac) n, bse upon represenions rom he Mngemen, he Bor ses h:

) in prepring he annul accouns, pplicble accouning Snrs hve beenollowe n here re no meril eprures;

b) he direcors hve selece ccouning policies, pplie hem consisenl n mejugmens n esimes h re resonble n pruen o give rue n ir viewo he se o irs o he Compn he en o he Finncil yer n o he Profo he Compn or he er;

c) he direcors hve ken proper n sufcien cre in minining eque ccouningrecors in ccornce wih he provisions o he ac or seguring he sses o heCompn n or prevening n eecing ru n oher irregulriies;

) he direcors hve prepre he annul accouns o he Compn on goingconcern bsis.

t nn Mngmn discussin n ansis rms pr is Rpr ncrs, mngs r mrs, prrmnc Cmpn uring Finnci yr2010-2011 s s uur uk.


26/127

43

In ccrnc i lising agrmn i Sck ecngs, ing rc:

1. Cnsi Finnci Smns prpr in ccrnc i Cmpnis(accuning Snrs) Rus, 2006 ng i auirs Rpr.

2. t Rpr n Crpr Grnnc in ccrnc i Cus 49 lisingagrmn ng i auirs Crifc.

t Cmpn m Rigs Issu 178,615,442 eui Srs c u `2 prmium `64 pr eui Sr (Issu Pric `66 pr eui Sr). t Rigs Issuris`11,788,619,172. t prcs i p Cmpn subsni ruc b,

bring n inrs css n nnc prfbii.

t Rigs Issu pn r subscripin n tus, 1s Mrc, 2011 n cs n

tus, 15 Mrc, 2011. eui Srs r igib Srrs, incnsuin i Bmb Sck ecng limi, n Sur, 26 Mrc, 2011.Suc eui Srs bcm igib r ring n Sck ecngs ci wns,30 Mrc, 2011.

ou `11,788,619,172 ris rug Rigs Issu,`357,230,884 s cri Sr Cpi n`11,431,388,288 cri Scuriis Prmium accun. RigsIssu epnss ing`111,139,686 bn rin gins Scuriis Prmiumaccun. trr, Cmpns eui Sr Cpi incrs rm `785,907,944`1,143,138,828. t Scuriis Prmium accun incrs rm `1,053,159,297 `12,373,407,899.

t Br nks Srrs r ir rming suppr Rigs Issu.

t Br rcmmns diin `0.90 pr eui Sr `2 in rspc Finnci yr 2010-2011.

In i Rigs Issu eui Srs uring Finnci yr, numbr euiSrs issu b Cmpn incrs rm 392,953,972 571,569,414. aug eui Srs r n Sur, 26 Mrc, 2011, Srrs r ni u iin r Finnci yr.

t diin, i ppr rcming annu Gnr Ming, i b pi nwns, 10 augus, 2011 Srrs s nms ppr n Rgisr Srrs cs businss n tus, 26 Ju, 2011. as pr Incm t

ac, 1961, t n diin i b brn b Cmpn.enrg cnsrin n rspnsib nirnmn prcics cninu b n r cus r Cmpn. N cng, uipmn n prcsss r un nrg surcs suc s sr n in nrg r unr ci uin nimpmnin. a s nrg cnsrin cmmis n priic nrguis.

enrg cnsrin msurs kn uring r incu insin ribsp ris, ig fcinc cirs n cing rs, ig fcinc birs, ncpri cing ssms, ccupnc snsrs, nrg fcin led, urscn n IRmps.


27/127

44

Fr n n b Br

Gurgn S. S. MUKheRJI P. R. S. oBeRoI30 M, 2011 Vice Chairman Chairman and Chie Executive

Msurs pnn incu insin pips, impr buiing mngmnssms, mr r rccing n cnsrin ics.

during Finnci yr 2010-2011, Frign ecng rnings Cmpnmun `4795.29 miin s gins`3149.09 miin in prius r. tpniur in Frign ecng uring Finnci yr s `897.26 miin scmpr `716.05 miin in prius r.

Mr. Rjn Rj n Mr. l. Gns r u rir b rin rcming annuGnr Ming n r igib r r-ppinmn.

t Cnr Grnmn s grn gnr mpin cmpnis pubisingui Cnsi Finnci Smns rm cing cpis Rpr naccuns ir Subsiir Cmpnis. trr, Rpr n accuns Subsiir Cmpnis n bn c is Rpr. t Cnr Grnmn s,

r, prscrib spcif inrmin n Subsiir Cmpnis b iscss pr is Cnsi Finnci Smns. tis inrmin s bn incrprn Pg 110 is annu Rpr.

Subjc prir rrngmn, aui annu accuns Subsiir Cmpnisi b ib r inspcin b n Srr Cmpns Rgisr ofc.Srrs inrs in bining cp aui annu accuns Subsiir Cmpnis cn ri Cmpn Scrr Rgisr ofc.

t auirs Cmpn, Mssrs. R n R, Crr accunns, rir nr igib r r-ppinmn.

t inrmin ruir unr Scin 217(2a) ac gr i Cmpnis(Pricurs emps) Rus, 1975, rms pr is Rpr. hr, bs n prisins Scin 219(1)(b) ac, Rpr n accuns r bing circu Srrs n incu Smn Pricurs emps unr Scin217(2a) ac. an Srr inrs in bining cp b Smnm ri Cmpn Scrr Rgisr ofc Cmpn.

t Br ks is ppruni nk mps r ir cmmimn, icinn c-prin.


28/127

45

ManageMent discussion and analysis

i s dm

I s i pc gb cnm u rcr uring currn rus rrsing rn s pri r s rs. Unrun, is is n

ik ppn. t US cnm s cninu b s i rcr rmins

usi. Prs eurp r si cing b crisis. Jpn, i sr ruk,

ccmpning tsunami n nucr ccin m rs cnmic prbms.

I piic ups in Mi es n Nr aricn cunris innsi, i

prics r ik b n mr i.

Inis r n spii inusris cninu b pnn n isirs rm

Uni Ss n rm eurp. as rcr s bn s, inbun r Ini s

bn c. hr, r bn sm signs n upurn in s urr.

In cnrs, Inin cnmic nirnmn cninus b bun. t Grnmns

rcn ecnmic Sur pcs n 8.6% gr in GdP uring currn r. dspi

cncrns r i pric ii n rising inin, Inin cnm is pc

cninu gr.

t wr ecnmic Frums tr n turism Cmpiinss Rpr r 2011

prics b 2015 gr r c Cin n Inis r n urism

inusris i c r u Uni Kingm, Frnc n Jpn. Suc

rcss unrscr rcin Inin spii mrk rm gb

prspci. tr s bn cninu pus b mjr inrnin spii brns

ir sbis r pn ir prsnc in Ini. Cnsri sims suggs nr

ubing ui brn supp r n f rs. tug si nscn,

numrus brns m mbiius nnuncmns rgring pns sbis nrk bug s. ts pmns r .

hr, r r sm signifcn cngs s s cnsiu n n mn

urism inrsrucur pmn. Mrn irprs, g ir cnncii n

nrk rs r ncssr cii s r. wis cnsirb prgrss

s bn m in s rs, muc rmins b n n nicip

incrs in r ums, spci rising u Inis cninu cnmic gr.

w n s pc inrsrucur pmn incrss, us ciiing

ccss r grr rng sinins r ncssr r businss n isur

rrs. a cunr is s s n irs s Ini s pni b n

rs mjr r sinins. Grnmns crss n incrsing numbr cunris

n rcgnis r r n urism scr cn p in cring jbs nbcm cs r pmn. w p prspc rising r

n urism inusrs n pni srius rciss mins n imginin

pnnrs iin Grnmn.

dspi gb uncrin, pc r uk r currn Finnci yr

b sb i cninu ri mn r rms s bgun in rcn

mns.

trin, Bnr Kur, Mumbi ic cmp is u r prins uring s

Finnci yr, is ping cnsi Cmpns psiin in Mumbi. t rcn


29/127

46

pning t obri, Gurgn urr srngns Cmpns psiin iin

N di Nin Cpi Rgin.

Mrgins r ik b impc b cninuing inin, i pric ii n

rising pr css. t Cmpn pns s prssur n mrgins rug igr

ccupncis n ms incrss in rg rm rs. Furrmr, prcs rm

rcn Rigs Issu i b us ruc inrs css us cnribuing incrs

prfbii.

i c sm rk Mm

t Cmpn s rbus inrn cnr ssms. I cninus sk s urr

srngn s ssms. a srucur inrn ui rgur ris ir fcc

n imprs n m. t Cmpn s p n impmn risk mngmn

rmrk ini businss risks n k msurs miig suc risks. tis is nn ingr pr r mngmn prcss. t Br is priic inrm

s risk mngmn iniiis.

F o pm

during Finnci yr 2010-2011, Cmpns t Rnu s`11,430 miin

s cmpr `9,073 miin in prius r, n incrs 26%.

ernings br Inrs, dprciin, tin, ecpin Ims n r amrisins

(eBIdta) r`3,340 miin s cmpr `2,579 miin in prius r, n

incrs pprim 30%.

Prf br t s`870 miin s cmpr `890 miin in prius r.t cin is rg n ccun cpin ims. t Cmpn ccun r

`968 miin n`527 miin unr or Incm uring Finnci

yrs 2008-2009 n 2009-2010 rspci n ccun cims r ss prf u

businss inrrupin cus b rrris ck n t obri, Mumbi n trin,

Nrimn Pin, Mumbi. during Finnci yr 2010-2011, Insurnc Cmpn

fn ssss cim `1125 miin. t rsun fci `370 miin s bn

r s n ecpin lss. Furrmr, Cmpns cim r mri mg

cus b rrris ck rrr b s bn ssss b Insurnc

Cmpn `174 miin n rpcmn cs bsis. t n bk u sss

mg s`107 miin. t rsun surpus `67 miin s bn r s n

ecpin Incm.

t Prf r t s`645 miin s cmpr `572 miin in prius r,

n incrs pprim 13%.

t Cmpn cninus b rg ngg in spii n r srics. t

sgmn is rsus n cpi mp r gin n Pg 106 is annu Rpr.

B x

t obri, Gurgn, mng prpr, cnsising 202 rms n suis, r

rsurns, rg bnuing n ming ciiis, sp, Br Cub n uur


30/127

47

ri us pn in apri, 2011. t s bn rci n is psiin

bcm r in N di Nin Cpi Rgin.

t s b mng b Cmpn Cbr Ci, hrb r unr

cnsrucin. trin, hrb cnsising 326 rms n suis is pc pn

in ir urr 2012 b t obri ic i 220 rms n suis

n i pn in 2013.

Cnsrucin 252 rm t obri, dubi ic is c Businss B, is

prgrssing n is pc pn in scn urr 2012. tis

i b mng b n rss Subsiir Cmpn.

Pnning t obri, Mrrkc (Mrcc) s bn cmp n cnsrucin is

pc cmmnc sr; is i b mng b n rss

Subsiir Cmpn. t is pc pn in 2014. In iin ,

brn rsincs r s r pnn n n jcn si r pns.

t obri Kbini Jung lg, c in Krnk, ic i cnsis 20 uur

ns n 3 is, i pn in 2012. tis i b mng prpr.

t Cmpn ns 55 cr bc rn si in G. Pnning ppr r uur

is i.

MoUs bn sign in rspc Csbnc n Pun. Pnning n s prjcs is

nging. a mng rsr prjc Cnigr is unr ci cnsirin.

arcics r n 250 rm t obri, Bngr bn sc n pnning s

cmmnc. In iin , 65 uur brn rsincs r pnn ic

i b s n pns.

wrk n prjcs in omn n in abu dbi bn u b fnncing

ifcuis princ b onrs.

a n ig kicn is unr pmn N di Inrnin airpr n i

b u prin b Spmbr 2011.

t Cmpn pcs b pmns incrs is uur rnus n

prfbii.

aw

Mr. P.R.S obri, Cirmn n Ci ecui, s cnrr 2010 Crprhir wr r b HOTELS mgzin n r crmn in

N yrk in Nmbr 2010.

I is griing Cmpns s cninu rc gb ccim rm

inrnin uur rrs. t obri vnis s bs gb

in Travel + Leisures wrs Bs ars 2010 rrs p. t obri Uiis s

ccr sm nur in 2007.

t obri amris, agr, t obri Rjis, Jipur n t obri Uiis,

Uipur r 2n, 3r n 4 bs rspci in asi. Fur Cmpns

s r rnk mngs p 15 s in r, i t obri amri s,


31/127

48

agr, t obri Rjis, Jipur n t obri Uiis, Uipur bing rnk 5,

13 n 15 rspci gb.

or mjr rcgniins rci b b obri hs n Rsrs n trin hs

uring Finnci yr bn:

H aw Awarded By

t obri, N di Bs h in N di dsinasin RrsCic ars 2011

Bs orss Businss hs Cond Nast Traveller, UK,(Rnk 10) Rrs tr ars 2010amngs p 100 hs in asi Cond Nast Traveler, USa,

Rrs Cic ars 2010

t obri, Mumbi amngs Bs hs n Forbes Traveler 400, t wrs

Rsrs in wr Bs hs n Rsrs 2009

t obri Rjis, Bs lisur hs in asi n Cond Nast Traveller, UK,Jipur Inin Subcninn Rrs tr ars 2010

(Rnk 9)tp 100 hs in asi Cond Nast Traveler, USa,(Rnk 8) Rrs Cic ars 2010tp 100 hs in wr Cond Nast Traveler, USa,(Rnk 27) Rrs Cic ars 2010

t obri amris, tp 100 hs in wr Cond Nast Traveler, USa,agr (Rnk 25) Rrs Cic ars 2010

tp 100 hs in asi Cond Nast Traveler, USa,(Rnk 7) Rrs Cic ars 2010

t obri vnis, tp hs in asi r Sric Travel + Leisure, wrs BsRnmbr (Rnk 2n) Sric ars,

Rrs Sur 2010tp hs in wr r Sric Travel + Leisure, wrs Bs(Rnk 7) Sric ars,

Rrs Sur 2010tp 100 hs in wr Cond Nast Traveler, USa,(Rnk 15) Rrs Cic ars 2010tp 20 Rsrs in asi Cond Nast Traveler, USa,(Rnk 2n) Rrs Cic ars 2010

t obri Uiis, Bs lisur hs in asi n Cond Nast Traveller, UK,Uipur Inin Subcninn Rrs tr ars 2010

(Rnk 1s)tp hs in asi r Sric Travel + Leisure, wrs Bs(Rnk 3r) Sric ars,

Rrs Sur 2010tp hs in wr r Sric Travel + Leisure, wrs Bs(Rnk 9) Sric ars,

Rrs Sur 2010tp 100 hs in asi Cond Nast Traveler, USa,(Rnk 5) Rrs Cic ars 2010tp 100 hs in wr Cond Nast Traveler, USa,(Rnk 20) Rrs Cic ars 2010


32/127

49

wir h, Inis ling Sp Rsr wr tr ars 2010Sim in hims Bs lisur hs in asi n Cond Nast Traveller, UK,

Inin Subcninn Rrs tr ars 2010(Rnk 2n)Furi orss h Sp: Cond Nast Traveller, UK,asi & Inin Subcninn Rrs Sp ars 2010(Rnk 2n)Furi Sps in wr Cond Nast Traveller, UK,(Rnk 6) Rrs Sp ars 2010

t obri, Bi, amngs tp 25 Rsrs in asi Cond Nast Traveler, USa,Innsi Rrs Cic ars 2009

t obri, lmbk, Bs lisur hs in asi n Cond Nast Traveller, UK,Innsi Inin Subcninn Rrs tr ars 2010

(Rnk 16)

t obri Pi, Bs Sm Sips in wr Cond Nast Traveler, USa,Ni Cruisr, egp (Rnk 3r) tp Cruis Sips 2009,

Rrs Sur

t obri, Furi Rsr/h Sps in Spa, USa, Rrs CicS hss, R S, aric n Mi es ars 2010egp (Rnk 5)

t obri, Muriius Bs hs in Inin ocn Ultratravel, UK, tp 100 ars,(Rnk 1s) Rrs P 2010Furi orss h Sp: Cond Nast Traveller, UK,aric, Mi es n Inin ocn Rrs Sp ars 2010(Rnk 10)

t obri Zr, R bs Fi Sr Cruisr Minisr turism, egp, 2009luur Ni Cruisr, n Niegp

trin, Gurgn asis ing wr tr ars 2010asis ing uur wr tr ars 2010Inis ing wr tr ars 2010asis ing wr tr ars 2009Inis ing wr tr ars 2009

trin, Bnr Kur, amngs tp 20 Bs up n Travel + Leisure, USa, 2010Mumbi cming s

amngs bs n s Cond Nast Traveller, UK,

in r t h lis 2010

c s rb

t Cmpn cninus b cmmi nirnmn cnsrin n sci

rspnsibiiis. t Cmpns s pursu iniiis urb impc

cmmuniis c in ir icini.

t Cmpn cnribus ri uns r mrgncis n nur issrs; i

suppr rcnsrucin sc in Sunrbns r ws Bng sr

b ccn Aila rug Sri Rmkrisn S Knr, nn-prf rgnisin

ic upiing kr scins sci.

H aw Awarded By


33/127

50

Fr n n b Br


t Cmpn cninus ruc is crbn prin i iniiis incu

us fcin ssms cnsr nrg n nur rsurcs, ruc s, nsur

rccing n cnr puin.

t obri, Bngr cninus ssis c uni t Csir hms, Ini.

t obri Uiis, Uipur n t obri amris, agr n ssisnc c

cprs Mr trss Missinris Cri.

t obri, N di minins jining rs viz. Kk Ngr Fr

n amir Kusr Mrg. I s supprs sic iuminin humuns

tmb ic is in cs primi .

t obri vnis, Rnmbr ssiss tigr wc, n NGo rking r prcin

n cnsrin ii Rnmbr tigr Rsr. t rsr s s

inii sr prgrmms rr n rcgnis rs gurs n ir miis,incuing scuring prsn ccin insurnc r rs gurs n insiuin

scrsip r r ir cirn r igr ucin. t s cmpnss

igrs s ir c u igr cks.

trin Nrimn Pin, Mumbi n t obri, Mumbi rk i Cnsur Crps

Mumbi suppr unrpriig.

trin, Gurgn rks i Pnji in ring n nirnmn pris u

ppruniis ung us r unb prrm pim in riin

cmic sing. a prsn, sn rins rm Pnji r unrking nsi

rinin .

dm Hm r i r

t Cmpn frm bis is grs srng is in ui is mnpr.

t Cmpn bis is pp pisp gis i cmpii g. t g is

nsur guss r sr b brig, nusisic n cmmi mps

nicip guss ns n ir cpin sric i gnuin rm.

as n 31s Mrc, 2011, numbr pp mp b Grup s 9,605.


34/127

51

1. th cm phh c g

t Cmpns pisp n Grnnc is cumn in th obdhm, ic is unmn C Cnuc Cmpn n in isM sm.

t s th ob dhm n M sm ppr nPgs 8 n 9 is annu Rpr.

2. B d

as n 31s Mrc, 2011, Cmpn ig dircrs n Br. Fi pr cn Br cmpris Nn-cui dircrs. a Nn-cui dircrs rInpnn dircrs.

Mr.P.R.S.obri, Cirmn n Ci ecui, Mr. S.S.Mukrji, vic Cirmn,

Mr. vikrm obri, Ci opring oicr n Jin Mnging dircr nMr. arjun obri, Ci Pnning ofcr n Jin Mnging dircr r ecuidircrs. t r ur r Nn-cui dircrs.

t Br m sn ims uring Finnci yr - n 5 M, 2010,28 M, 2010, 31s Ju, 2010, 23r Spmbr, 2010, 28 ocbr, 2010,24 Jnur, 2011 n 30 Mrc, 2011.

dis nnc dircrs Br Mings uring Finnci yr n Cmpns Sii annu Gnr Ming gr i numbr rdircrsips n Cmmi Mmbrsips b m r s s:

nm d c a n. h n. dh* B

cmmB l (h hM agM eiH lm)

Mr. P.R.S. obri Cirmn n ecui 5 ys 10 1**Ci ecui

Mr. S.S. Mukrji vic Cirmn ecui 7 ys 5 2

Mr. vikrm obri Ci opringofcr n Jin ecui 7 ys 3 3Mngingdircr

Mr. arjun obri Ci Pnningofcr n Jin ecui 7 ys 3 2Mnging

dircrMr. S.K. dsgup dircr Nn-cui 7 ys 3 2***

Inpnn

Mr. Rjn Rj dircr Nn-cui 3 N 7 4**Inpnn

Mr. ani Nru dircr Nn-cui 5 ys 3 2**Inpnn

Mr. l. Gns dircr Nn-cui 5 N 10 10***Inpnn

* ecus ircrsips cnmp unr Scin 278 Cmpnis ac, 1956** Cirmn n Cmmi*** Cirmn Cmmis

report on corporate governance


35/127

52

Mr. Rjn Rj n Mr. l. Gns rir b rin rcming Si-frs annuGnr Ming. t r igib r r-ppinmn.

tir pricurs r ncs s n appni Nic cnning Si-frsannu Gnr Ming.

a dircrs n Mmbrs Snir Mngmn , s n 31s Mrc, 2011, frmir cmpinc i:-

The Oberoi Dharma, Funmn C Cnuc r Mmbrs t obri Grup;

theCompanysCodeofConductforPreventionofInsiderTradinginitsshares.

3. a cmm

cm, M a h

t aui Cmmi cnsiss ur Br Mmbrs, viz. Mr. S.K. dsgup,Mr. arjun obri, Mr. Rjn Rj n Mr. ani Nru.

a aui Cmmi Mmbrs, cp Mr. arjun obri, r Nn-cuidircrs. t r s Inpnn dircrs. t urum r n auiCmmi Ming is Mmbrs prsn prsn. Mr. dsgup is Cirmn Cmmi. h is ps Prsin t Insiu Crraccunns Ini n s pr kng in fnnc n ccuning.a r Mmbrs Cmmi r fnnci ir iin mning epnin 1 Cus 49II(a)(ii) lising agrmn.

t aui Cmmi m n f ccsins uring Finnci yr - n

28 M, 2010, 31s Ju, 2010, 28 ocbr, 2010, 24 Jnur, 2011 n30 Mrc, 2011. Mr. S.K. dsgup n Mr. arjun obri n fMings. Mr. ani Nru n ur Mings n Mr. Rjn Rj n Mings.

t auirs, Ci Inrn auir, vic Cirmn s s Ciopring ofcr n Jin Mnging dircr r inis aui CmmiMings. t Cmpn Scrr cs s Scrr Cmmi.

tm r

t trms Rrnc aui Cmmi r in ccrnc i s spcifin Cus 49 lising agrmn n Scin 292a Cmpnis ac, 1956.

4. i g cmm

cm, M & a h

t Insrs Grincs Cmmi cnsiss ing dircrs viz.Mr. P.R.S. obri, Mr. S.S. Mukrji, Mr. S.K. dsgup, Mr. vikrm obri nMr. arjun obri. t Cmpn Scrr is Cmpinc ofcr.

t urum r Ming is dircrs prsn prsn. a Nn-cuidircr cirs s Mings.

the Commiee me on our occsions uring he Finncil yer - on 16h april, 2010,19 Ju, 2010, 25 ocbr, 2010 n 17 Jnur, 2011. Mr. S.K. dsgup nMr. S.S. Mukrji n ur Mings.


36/127

53

tm r

t Cmmi mnirs Cmpns rspns insr cmpins. I s sbn uris ppr issu upic sr crifcs in iu ss r sr.

In ccrnc i prisins Cus 49Iv(G)(i) lising agrmn, pr ppr rnsrs, rnsmissins, c., srs in psic rm s

bn g Cmmi ecuis.

as n 31s Mrc, 2011, pning russ r mriisin srs r47. ts r cr b frs k apri, 2011. tr r 35 psicrnsr russ n 2 rmriisin russ pning s n 31s Mrc, 2011.a i russ r cr b 6 apri. 2011.

tr cmpins r rci rm insrs uring Finnci yr. tsr nn-rcip Cmpns annu Rpr 2009-2010 n r prmprrss. N cmpins r pning s n 31s Mrc, 2011.

5. rm cmm

cm, M & a h

t Br cnsiu Rmunrin Cmmi uring Finnci yr.t Cmmi cnsiss r Nn-cui Inpnn dircrs, viz.Mr. S.K. dsgup, Mr. ani Nru n Mr. l. Gns. t urum r Ming is Mmbrs prsn prsn. Mmbrs ning Ming r cs n

rm mngs s prsn cir Ming.t Cmpn Scrr cs s Scrr Cmmi.

tm r

t Cmmi iscrgs r ssign i unr Pr-II, Scin-II Scu xIII Cmpnis ac, 1956. I rmus n pprs, s pr prmrs s u in si Scu, minimum rmunrin srucur r im dircrs, su Cmpn n prfs r inu prfsuring Finnci yr.

tr s n ruirmn r Ming uring Finnci yr 2010-2011.

6. sb cm

t nms Cmpns Subsiir Cmpnis ppr n Pg 63 isRpr.

N Subsiir Cmpn uifs s mri nn is Inin subsiir spr fniin mri nn is Inin subsiir in Cus 49 III lising agrmn.


37/127

54

7. g B M

) l m h h a g M s r h M:

Finnci yr lcin d tim Numbr SpciRsuins pss

31s Mrc, 2008 t obri 14 augus, 11.30 a.M. NiGrn, Kk 2008



) s r hh p B

a Spci Rsuin unr Scin 314(1B) Cmpnis ac, 1956 s pssb Ps B n 31s Ju, 2010.

t Rsuin ic s ppr i 99.86% ing in ur prmiMs. Prink Mukrj, ri dircr, n cninu nfc r pc prf unr Cmpn rmunrin in css `50,000pr mn.

t ruir ppr rm Cnr Grnmn, s nisg unr Scin314(1B) Cmpnis ac, 1956, s sinc bn rci.

) p wh h p B x

Mr. Si Bnrj, Prcising Cmpn Scrr, ppin s Scruinisr,cnuc Ps B ing prcss.

) p p B

t Ps B s cnuc s pr prcur s u in Scin 192a Cmpnis ac, 1956 r i Cmpnis (Pssing Rsuin b PsB) Rus, 2001.

) Whh s r b hhp B

tr is n prps, prsn, pss n Spci Rsuin b Ps B.


38/127

55

8. rm ex d

a. s h Bf s pq rm Bf

`/m `/m

Mr. P.R.S. obri Ni 0.25

Mr. S.S. Mukrji 10.02 1.27

Mr. vikrm obri 5.04 2.84

Mr. arjun obri 5.04 3.05

B. cmm pf (a) `/m

Mr. P.R.S. obri 17.38Mr. S.S. Mukrji 10.42

Mr. vikrm obri 5.21

Mr. arjun obri 5.21

apr rm Ming Fs, n rmunrin is pi Nn-cui dircrs.Nn-cui dircrs n Br r Cmmi Mings r pi

` 20,000 pr Ming. during Finnci yr, mun pi Nn-cui dircrs r ning Br n Cmmi Mings mun

`800,000.

9. g d(i) a summr rnscins i r pris, in rinr curs businss, is pc br aui Cmmi;

(ii) r r n mri iniiu rnscins i r pris r n in rinr curs businss uring Finnci yr n31s Mrc, 2011;

(iii) mri rnscins uring Finnci yr n 31s Mrc, 2011,ir i r pris r rs, r rms ng;

(i) r r n mri signifcn rnscins uring Finnci yr ir pris suc s Prmrs, dircrs, k mngri prsnn,ris r subsiiris cu pni cnic inrs i Cmpn;

() mnr iscsur rnscins i r pris, in cmpinci accuning Snr (aS-18), is pr is annu Rpr niscs n Pgs 104 n 105;

(i) nn Nn-cui dircrs n srs in Cmpn;

(ii) in prpring annu accuns in rspc Finnci yr n31s Mrc, 2011, n ccuning rmn s irn rm prscribin accuning Snrs;

(iii) r s n insnc nn-cmpinc n n mr ring cpimrks uring ps r rs;

(i) Cmpn s C Cnuc r Prnin Insir tringin srs Cmpn r dircrs n r inif prsns in


39/127

56

ccrnc i Scuriis n ecng Br Ini (Pribiin Insir tring) Rguins, 1992; n

() Cmpn m Rigs Issu eui Srs uring Finnci yrn n 31s Mrc, 2011. as r inic in dircrs Rpr,

178,615,442 eui Srs c u ` 2 r issu prmium

`64 pr eui Sr r mun `11,788.62 miin. t Issu pnn 1s Mrc, 2011, n cs n 15 Mrc, 2011. t Srs r n 26 Mrc, 2011. Prmissin r in s srs s bin rm Bmb Sck ecng n Nin Sck ecng n 30 Mrc, 2011.

N r rs issu srs k pc uring Finnci yr nn 31s Mrc, 2011.

10. M cmm

annu Rprs in rspc c Finnci yr r mi Srrs inJun/Ju c cnr r. ec Rpr cnins annu accuns Cmpn in rspc Finnci yr i dircrs n auirs Rprs.as incu in c annu Rpr is Nic cnning annu GnrMing, Finnci yrs Crpr Grnnc Rpr n Cs FSmn gr i crrspning Rprs auirs, Cnsiaccuns n auirs Rpr rn.

t Finnci Rsus Cmpn r fci rs r u b rsin ccrnc i ing scu:

s. n M d Fw/ bn. cmm pb w

pb sk exh

1 qurr Unui Nspprs 01.08.2010 31.07.2010Finnci Smns(Firs qurr 2010-2011)

2 h-r Unui Nspprs 29.10.2010 28.10.2010Finnci Smns(Scn qurr 2010-2011)

3 qurr Unui Nspprs 25.01.2011 24.01.2011Finnci Smns(tir qurr 2010-2011)

4 Pubicin annu Nspprs 31.05.2011 30.05.2011aui Rsus 2010-2011

in ccrnc iCus 41 lisingagrmn i Sck ecngs

t Finnci Rsus r pubis in t ecnmic tims, t tims Ini,t Finnci eprss, t Inin eprss, Businss Snr n Ekdin.

a crpr inrmin f b Cmpn i Sck ecngs is upn www.f.. n cn b i n is pr. Suc inrmin is sib n Cmpns bsi www.h.m

t Mngmn discussin n ansis in rspc Finnci yr is pr dircrs Rpr.


40/127

57

11. g shh im

. th sx- a g M w b h 11.30 a.M. t, 9h a, 2011, th ob g, Kk.

b. th F c w:

aui annu accuns r 2010-2011 Mn, 30 M, 2011

Miing annu Rpr r 2010-2011 Fri, 15 Ju, 2011

Unui Firs qurr Finnci Rsus 2011-2012 Mn, 8 augus, 2011

Si-frs annu Gnr Ming tus, 9 augus, 2011

Pmn diin r 2010-2011 wns, 10 augus, 2011

Unui Scn qurr Finnci

Rsus 2011-2012 Mn, 31s ocbr, 2011

. r shh

t Rgisr Srrs i rmin cs rm wns, 27 Ju, 2011 tus, 9 augus, 2011, b s incusi.

. pm d

wrrns ring iin in rspc Finnci yr 2010-2011, i crb Cmpn Si-frs annu Gnr Ming, i b spcn wns, 10 augus, 2011, s Srrs s nms ippr in Rgisr Srrs Cmpn cs businss ntus, 26 Ju, 2011.

. l sh sk exh

t Sck ecngs i ir rspci Sck Cs r s s:

Kk 05

Mumbi 500840

Nin eIhotel

lnn eIhd(in rspc usningGb dpsir Rcips)

t ISIN Numbr Cmpns srs in mriis m is

INe 230a01023.tr r n rrrs lising Fs.


41/127

58

. Mk p h cm sh vis--vis sx n ( r)

t Cmpns mn sr pric prn uring Finnci yrvis--vis Sns n Ni bn s unr :

a. th cm sh p vis--vis sx

B. th cm sh p vis--vis n

200

180

160

140

120

100

80

60

40

20

0

25000

Sen

sex

20000

15000

10000

5000

0

Share Price (High)

Apr10

142

119

18048

17277

130

114

17537

15960

127

112

17920

16318

135

119

18238

17396

181

124

18238

17396

155

134

20268

18027

143

124

20855

19769

131

104

21109

18955

123

104

20552

19075

118

97

20665

18038

107

80

18691

17296

86

74

19575

17792

May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10 Jan11 Feb11 Mar11

Share Price (Low)

Sensex (High)

Sensex (Low)

TheCompanysS

harePrice

N

ifty

7000

6000

5000

4000

3000

1000

2000

0

CompanysSharePrice

200

180

160

140

120

100

80

60

40

20

0

Share Price (High)

Apr10

142

120

5400

5161

130

113

5280

4786

128

113

5367

4961

134

119

5466

5225

181

123

5550

5349

155

135

6074

5403

143

124

6284

5937

130

104

6339

5690

123

105

6147

5721

118

95

6181

5417

108

80

5599

5178

86

74

5872

5348

May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10 Jan11 Feb11 Mar11

Share Price (Low)

Nifty (High)

Nifty (Low)


42/127

59

(g) Cus 5a lising agrmn ruirs Cmpn pn n UncimSuspns accun in mriis rm i dpsir Pricipn r

criing psic srs issu Srrs cnsun upn pubic rn r issu srs b Cmpn ic rmin uncim bm. t prisins cnmp Cmpn su sn s rrminrs cncrn Srrs prir rnsr ir sring Uncim Suspns accun. on rminr s r bn sn b Cmpn rgisr rsss cncrn Srrs. ar irrminr, psic srs ing cri cncrn Srrs bu siuncim b m i b rnsrr Uncim Suspns accun.

() as urr sp r ming rs pprss cmpinc rgim unr Cmpnis ac, 1956, Cmpn i, ci 1s Jun, 2011, bgin prcss -miing cumns suc s annu Rpr n accuns, Nics Gnr

Mings, Circurs n Ps B Nics, suc Srrs s -mirsss r ib i. t Cmpn s rin Srrs r ir-mi rsss. I i s cpur Srrs -mi rsss ib i dpsiris s prmi unr Prss Rs 23r M, 2011 issu

b Minisr Crpr airs. dcumns -mi Srrs is b ri ccssib n Cmpns bsi www.h.m

12. o gb d r

0.33 miin srs Cmpn r s Gb dpsir Rcips s n31s Mrc, 2011. ts cnsiu 0.06% Pi-up Sr Cpi Cmpn.

13. sh t

t Cmpn is SeBI rcgnis Cgr I Rgisrr n Sr trnsr agn.Russ r mriisin n rmriisin su b sn CmpnsInsrs Srics diisin, 4, Mng ln, 6 Fr, Kk-700 001. t InsrsSrics diisin Cmpn is ISo 9001-2008 crif.

t Cmpns srs r r n Sck ecngs in mriisrm. Srrs r rus nsur ir dpsir Pricipns(dPs) prmp sn psic cumns, i.., dmriisin Rus Frm(dRF), Sr Crifcs, c., Insrs Srics diisin b giing dmriisin Rus Numbr (dRN). dcumns rnsr in psic

rm, i.., trnsr ds, Sr Crifcs, c., su simir b sn Insrs Srics diisin.

556.67 miin srs Cmpn, rprsning 97.39% srs issu,r in mriis rm s n 31s Mrc, 2011 n 14.90 miin srsrprsning 2.61% srs r in psic rm. a 69,835(76.75%) Srrs , up 31s Mrc, 2011, mriis ir sringsi bnc 21,151 (23.25%) Srrs cninu srs in psic rm.


43/127

60

14. db shh 31 Mh, 2011

shh n. % n. %

r shh shh sh shh( m)

Up 1000 72,694 79.82 18.68 3.27

1001-5000 15,947 17.59 32.20 5.63

5001-10000 1,487 1.64 10.28 1.80

10001-50000 695 0.77 12.99 2.27

50001-100000 56 0.06 3.81 0.67

100001 n b 107 0.12 493.61 86.36

t 90,986 100.00 571.57 100.00

15. p shh 31 Mh, 2011

c n. sh p h shh( m)

a. pm H 193.59 33.87

B. n-pm H

Insiuin Insrs

. Muu Funs 1.55 0.27b. Bnks, Finnci Insiuins n

Insurnc Cmpnis 74.17 12.98

c. FII 10.88 1.90

sb t 86.60 15.15

ors

. Pri Crpr Bis 212.80 37.23

b. Inin Pubic 77.15 13.50

c. NRIs/oCBs 1.10 0.19

. or n b 0.33 0.06

sb t 291.38 50.98

t n-pm H 377.98 66.13

grand total 571.57 100.00


44/127

61

16. um d

a uncim diins up n incuing Finnci yr n31s Mrc, 2003, bn rnsrr ir Gnr Rnu accun Cnr Grnmn r Insr eucin n Prcin Fun (IePF) smn unr .

Srrs n cs ir diin wrrns ring subsun Finnci yrs r rmin b Insrs Srics diisinrm im im cim ir iins br rnsr IePF. Unr ,n cim r uncs iins cn i gins ir Cmpn r IePFr pri sn rs rm isbursmn. trr, Srrs n cs ir diin wrrns ring Finnci yr n31s Mrc, 2004 n subsun rs r rus cnc Insrs Sricsdiisin.

17. l H

a is hs n r businss unis n s s mng b Cmpnpprs s n annur is Rpr.

18. a c

t Cmpns Rgisr ofc n Insrs Srics diisin r c 4, Mng ln, Kk-700 001.

Crrspnnc rm Srrs n mrs cping s ring RigsIssu eui Srs su b rss :

t Insrs Srics diisineIh limi4, Mng ln,Kk-700 001.tpn N. : 91-33-4000 2200Fcsimi Ns. : 91-33-2248 6785 / 91-33-2242 0957e-mi : [email protected]

[email protected]

Crrspnnc in rin Rigs Issu eui Srs su b rss :

Mr. S. Gnp Subrmnin/Ms. C. Sb annKr Cmpursr Pri limi

P Ns. 17-24, vi R NgrMpurhrb-500 081

tpn: +91-40-4465/5151F N. +91-40-2343 1551-mi: [email protected]

[email protected]

Kr Cmpursr Pri limi i n Rigs Issu eui Srsr crrspnnc i 14 Mrc, 2012. Crrspnnc rr i b i irc b Cmpns Insrs Srics diisin in Kk.


45/127

62

Fr n n b Br


19. cm wh c 47() h l am

In cmpinc i Cus 47() lising agrmn, spr -mi [email protected] prs s ic Id s r purps rgisring insr cmpins.

20. im c 49iv(g)() h l am

Inrmin pursun Cus 49Iv(G)(i) lising agrmn prining pricurs dircrs b r-ppin rcming annu Gnr Mingis ncs s n appni Nic cnning annu Gnr Ming.

21. cm cf h a

t Cmpn s bin Crifc rm Sur auirs rgringcmpinc cniins Crpr Grnnc s sipu in Cus 49 lising agrmn. t Crifc is nn.


46/127

63

l sb cm

a. cm i i

(1) Mumz hs limi

(2) Mrcur Cr Rns limi

(3) Msbr Rsr limi

(4) obri Kr hs n Rsrs limi

B. cm n i i

(1) eIh Fig Srics l.

(2) eIh Inrnin l.

(3) eIh hings l.

(4) eIh Mrrkc l.

(5) J&w hngkng l.

(6) obri tur B l.

(7) eIhh Crprin l.

(8) eIh Insmns Nv

(9) eIh Mngmn Srics Bv

(10) Pt wij Pur Kr

(11) Pt wk obri Innsi

(12) Pt asin Gr Ubu


47/127

64

l h v H oh B u

a. hs n n mng b eIh limit obri, Mumbi t obri Uiis, Uipur

t obri, N di t obri vnis, Rnmbr

t obri, Bngr trin, Nrimn Pin, Mumbi

t obri Grn, Kk trin, Bnr Kur, Mumbi

B. hs n rug Subsiir/assci Cmpnis n mng b eIh limi

t obri amris, agr trin, Cnni

t obri Rjis, Jipur trin, agr

wir h, hims trin, Jipur

(an obri Rsr) trin, Uipur

t obri Cci, Sim trin, Ccint obri, S hss trin, Bubnsr

t obri, Bi

t obri, lmbk

t obri, Muriius

C. hs mng b eIh limi

t obri, Gurgntrin, Gurgn

d. or Businss Unis n n mng b eIh limi

Mr vss vrin, Ccin obri Fig Srics, Mumbi,(a luur Cruisr) di,

Cnni,Kk

Mins h, di

Prining Prss, Mnsr, Gurgn obri airpr Srics, Mumbi,di,Cnni,Kk,Ccin,Bngr

luur Cr hir

Businss aircr Crrs

N:

eIh limi s srgic/subsni insmns in s n b Subsiir/assciCmpnis. orss s r mng rug rign subsiir.


48/127

65

auditors certiFicate

tt Mmbrs eIh limi

w min cmpinc cniins Crpr Grnnc b eIh limir r n n 31s Mrc, 2011 s sipu in Cus 49 lising agrmn si Cmpn i Sck ecngs.

t cmpinc cniins Crpr Grnnc is rspnsibii Mngmn. our rspnsibii is imi minin prcurs p

b Cmpn n impmnin r r nsuring cmpinc cniins

Crpr Grnnc. our minin s crri u in ccrnc i Guinc N n Crifcin Crpr Grnnc (s sipu in Cus 49 lising agrmn), issu b Insiu Crr accunns Ini. I is nirn ui nr n prssin pinin n Finnci Smns Cmpn.

In ur pinin n bs ur inrmin n ccring pnins gin us n bs n rprsnins m b dircrs n Mngmn cri Cmpn s cmpi i cniins Crpr Grnnc ssipu in b-mnin lising agrmn.

w urr s suc cmpinc is nir n ssurnc s uur ibii Cmpn nr fcinc r cinss i ic Mngmn s cnuc irs Cmpn.

Fr Ray & RayChartered Accountants

a.K. Srm PartnerGurgn Mmbrsip Numbr 8008530 M, 2011 Firms Rgisrin Numbr 301072e


49/127

66

Prsns cnsiuing Grup cming i fniin grup r purps

Rguin 3(1)()(i) Scuriis n ecng Br Ini (Subsni acuisiin

Srs n tkrs) Rguins, 1997.

S.N. Nm Prsn

1. Mr. P.R.S. obri

2. Mr. S.S. Mukrji

3. Mr. vikrm obri

4. Mr. arjun obri

5. Mr. dpk Mk

6. obri hs Pri limi

7. obri Prpris Pri limi

8. obri hings Pri limi

9. obri Insmns Pri limi

10. obri Buiing n Insmns Pri limi

11. obri Pz Pri limi

12. Bmb Pz Pri limi

13. obri lsing & Finnc Cmpn Pri limi

14. ari Pmrs llP


50/127

67

stateMent pursuant to section 212(1)() oF tHe coMpanies act, 1956

p M eiH Mhb Mmz eiH Fh ob eiH eiHc r i r H s K H Mkh

lm, lm, lm, lm, lm, H lm, lm,i Bh i i M r Bh Bh

v lm, v vi i i i

Finnci r ning Subsiir 31.03.11 31.03.11 31.03.11 31.03.11 31.03.11 31.03.11 31.03.11 31.03.11

N. srs in 3,277,777 89,607,800 25,999,995 12,390,000 16,014,721 2,176,000 30,085,714 100Subsiir Cmpn r eui orinr eui eui orinr eui orinr orinr

b Subsiir Cmpn Srs Srs Srs Srs Srs Srs Srs Srs in he Sub-subsiir `10 US$ 1 `10 `10 Muriius `10 US$ 1 US$ 1Compn n c, u c, u c, u c, u Rup 10 c, u c, u c, ufnnci r pi-up pi-up pi-up pi-up c, u pi-up pi-up pi-upSubsiir r pi-upSub-subsiir Cmpns cs m b

en hing s n31s Mrc, 2011 66.67% 100.00% 78.79% 60.00% 100.00% 80.00% 100.00% 100.00%

` us$ ` ` M ` us$ us$ M M M M r M M M

M

N ggrg mun,s r s i cncrnsmmbrs ingCmpn, n is n i in Cmpns ccuns, subsiirsprfs/(sss)

) Fr subsiirCmpns fnnci

r n31s Mrc, 2011 (10.92) 6.84 64.67 (108.71) (0.05) 2.17

b) Fr subsiirCmpns priusfnnci rs (6.53) (689.54) 175.21 (31.60) (6.66) 14.32

N ggrg mun,s r s i cncrnsmmbrs ingCmpn, n is i in Cmpnsccuns, subsiirsprfs/(sss)

) Fr subsiirCmpnsfnnci r n

31s Mrc, 2011 10.59 61.95 b) Fr subsiir

Cmpns priusfnnci rs 10.13 1.69 30.98


51/127

68

P. R. S. oBeRoI Chairman and Chie Executive

S. S. MUKheRJI Vice Chairman

vIKRaM oBeRoI Chie Operating Ofcer and Joint Managing Director

aRJUN oBeRoI Chie Planning Ofcer and Joint Managing Director

S. K. daSGUPta

aNIl NehRU Directors

l. GaNeShGurgn30 M, 2011

GaUtaM GaNGUlICompany Secretary

stateMent pursuant to section 212(1)() oF tHe coMpanies act, 1956

p J&W ob t eiHH eiH eiH pt Wj pt Wk pt aHk B lm, c im Mm p K, ob gh

lm, M lm, n.v., s B.v., i i, ub,Hk Hk nh th i i

a nh

Finnci r ning Subsiir 31.03.11 31.03.11 31.03.11 31.03.11 31.03.11 31.03.11 31.03.11 31.03.11

N. srs in 10,000,000 250 100 6,000 364 7,749 19,060 1,560Subsiir Cmpn r orinr orinr orinr Cmmn Srs Srs Srs orinr

b Subsiir Cmpn Srs Srs Srs Srs eurs 50 Rp 100,000 Rp 1,017,000 Srs in he Sub-subsiir US$ c Muriin $hK 1 c US$ 1 c c c c US$ 1000Compn n u Rup 100 cfnnci r pi-up c pi-upSubsiir rSub-subsiir Cmpns cs m ben hing s n

31s Mrc, 2011 100.00% 100.00% 100.00% 100.00% 100.00% 70.00% 83.23% 60.00%

us$ M us$ us$ e i i i M r M M M rh rh rh

M M M M

N ggrg mun,s r s i cncrnsmmbrs ingCmpn, n is n i in Cmpns ccuns, subsiirsprfs/(sss)

) Fr subsiirCmpns fnncir n

31s Mrc, 2011 0.73 (0.04) (0.35) 0.41 6,923.10 8,207.80 b) Fr subsiir

Cmpns priusfnnci rs (0.84) 0.45 1.10 (10,134.46) (203,848.83)

N ggrg mun,s r s i cncrnsmmbrs ingCmpn, n is i in Cmpnsccuns, subsiirsprfs/(sss)

) Fr subsiirCmpnsfnnci r n31s Mrc, 2011

b) Fr subsiirCmpns priusfnnci rs


52/12769

Auditors report

tth Mmb

eiH Lm1. W ha a h aach Balanc sh eiH LiMited (h Cmany)

a a 31 Mach, 2011, h p an L Accn an al h Cah Flw samn hya n n ha a ann h. th Fnancal samn a h nbly h Cmany Managmn. o nbly an nn n h Fnancalsamn ba n a.

2. W cnc a n accanc wh h Ang sana gnally acc n ina.th sana ha w lan an m h a ban anabl aanc abwhh h Fnancal samn a maal mamn. An a ncl amnng,n a ba, nc ng h amn an cl n h Fnancal samn.An a al ncl ang h accnng ncl an gncan mama by Managmn, a wll a alang h all Fnancal samn nan.W bl ha a a anabl ba nn.

3. A by h Cman (A r) o, 2003, by h CnalGnmn ina n m b-cn (4A) scn 227 h Cman Ac 1956(h Ac), an n h ba ch chck a w cn aa an accng h nman an lanan gn , w ncl n h Ann a samn n hma c n aagah 4 an 5 h a o.

4. Fh cmmn n h Ann n aagah 3 ab, w ha:

) w ha ban all h nman an lanan, whch, h b knwlg an bl, w ncay h a;

) n nn, bk accn a by law ha bn k by hCmany a a aa m amnan h bk;

) h Balanc sh, p an L Accn an Cah Flw samn al wh by h a n agmn wh h bk accn;

) n nn, h Balanc sh, p an L Accn an Cah Flw samnal wh by h cmly wh h Accnng sana n b-cn (3C) scn 211 h Ac;

) n h ba wn nan c m h dc a n 31 Mach, 2011an akn n c by h Ba dc, w ha nn h dc al a n 31 Mach, 2011 m bng an a a dc n m cla(g) b-cn (1) scn 274 h Ac;

) n nn an h b nman an accng h lanangn , h a accn a n cnjncn wh schl 1 24 g hnman by h Ac n h mann an g a an a wn cnmy wh h accnng ncl gnally acc n ina;

a) n h ca h Balanc sh, h a aa h Cmany a a 31

Mach, 2011;b) n h ca h p an L Accn, h h ya n n ha

a; an

c) n h ca h Cah Flw samn, h cah fw h ya n n haa.

F rAY & rAYCharered Accounans

A. K. shama ParnerGgan Mmbh Nmb 8008530h May, 2011 Fm rgan Nmb 301072e


53/127

70

ANNEXURE TO THE AUDITORS REPORT(r n aagah 3 n a)

(a) th Cmany ha manan c hwng ll acla nclngana al an an a.

(b) All h a ha n bn hycally by h Managmn ng hya b h a gla gamm can whch, n nn, anabl hang ga h z h Cmany an h na a. th canc nc n ch can a bng cncl.

(c) th a ng h ya, n nn, n cna banal a h a h Cmany an ch al ha, n nn, n ac h gng cncn a h Cmany.

(a) A lan , nn ha bn hycally by h Managmn

ng h ya a anabl nal. in nn, h ncy can anabl.

(b) in nn an accng h nman an lanan gn , hc hycal can nn llw by h Managmnw anabl an aa n lan h z h Cmany an hna bn.

(c) th Cmany mananng c nny. th cancnc n can bwn h hycal ck an h bk c wn maal an ha bn ly al wh n h bk accn.

(a) th Cmany ha n gan any lan, c nc, cman,m h a c n h rg manan n scn 301 h Ac.

(b) in w cmmn n aagah (a) ab, h n Cla (b), (c) an () aagah 4 h aa o a n alcabl h Cmany.

(c) th Cmany ha n akn any lan, c nc, m cman, m h a c n h rg manan n scn 301 h Ac.

() in w cmmn n aagah (c) ab, cla () an (g) aagah 4 h aa o a n alcabl h Cmany.

in nn an accng h nman an lanan gn ,h an aa nnal cnl ym cmmna wh h z hCmany an h na bn wh ga cha nny,

a an wh ga h al g an c. dng h c a, w ha n b any cnnng al cc maj wakn nh nnal cnl ym h Cmany.

on h ba amnan h bk accn an accng hnman an lanan gn , w a h nn ha h acla cnac aangmn ha n b n n h rg manann scn 301 h Ac ha bn n. Accng h nmanan lanan gn , h a n anacn ng h ya ha n

b n n h rg manan n scn 301 h Ac an h,cla (b) aagah 4 h aa o n alcabl h Cmany.

th Cmany ha n acc any m h blc ng h ya n


54/12771

scn 58A an 58AA h Ac an h Cman (Accanc d)rl, 1975. Accng nman an lanan gn , n ha

bn a by h Cmany Law Ba h Nanal Cmany Law tbnal h r Bank ina any C any h tbnal.

in nn, h Cmany ha an nnal a ym cmmna wh hz h Cmany an na bn.

th Cnal Gnmn ha n cb mannanc c c ncn 209 (1)() h Ac h Cmany.

(a) th Cmany gnally gla n ng wh aa ahn ay nclng n n, n can ancn n, mly a nanc, ncm a, al a a/ala, walh a, c a, cm y, c y, c an h maalay alcabl .

Fh, nc h Cnal Gnmn ha ll a n cb h amn c ayabl n scn 441A h Cman Ac, 1956, w a n na n cmmn n h glay hw h Cmany nng h am.

(b) Accng h nman an lanan gn , h a nn amn ayabl n c ncm a, walh a, c a,al a a/al a, cm y, c y an c whch wanng a a 31 Mach, 2011 a m han mnh mh a hy bcam ayabl.

(c) Accng h nman an lanan gn , h a n walh a, an c whch ha n bn n accn any

h han ncm a, al a a/al a, cm y, cy an c a a nca blw:

S.No. Name o the Statute Nature o Forum where Amountthe dues dispute is (Rupees in

pending Miion)

1 incm ta Ac, 1961 ) incm Cit (Aal) ta Amn Ya 2007-08 &

2008-09 220.45

itAt, Klkaa Amn Ya 2002-03,2003-04, 2004-05, 2005-06 &2006-07 370.54

) Fng Cit(Aal) Bn Amn Ya 2006-07 &ta 2007-08 2.63

totAL 593.62

2. incm ta Ac, 1961 ta dc Cmmn incm taa sc (Aal) Amn

Ya 2005-06 & 2007-08 5.25

Cmmn incm ta(Aal) dlh 2004-2005 2007-2008 9.37

totAL 14.62


55/127

72

3. sal ta Ac sal ta Mahaaha sal taa sa tbnal, Mmba

1999-2000 2004-05 15.14

Anal Cmmn(Alla Ba)/tbnal,Klkaa 2004-05 4.27

dy Cmmn,sal ta, Mmba 2005-06 3.07

s. J. Cmmn sal ta/AnalCmmn sal ta 2005-06 & 2007-08 6.11

Hgh C, Chnna 2005-06 2.58

totAL 31.17

4. Cm Ac, 1962 Cm dy CestAt/tbnal 2008-09 429.66

totAL 429.66

5. Cnal ec ec dy Cm, ec & sc taAc, 1944 Alla tbnal

2002-03 2005-06 35.33

totAL 35.33

6. sc ta sc ta Cmmn sc ta 2004-05 2006-07 30.81

CestAt, dlh 2004-05 &2005-06 3.86

shw Ca Nc ,Aal y b l 2004-05 2007-08 an 2009-10 14.33

Cmmn Cnal ec(Aal), Cchn 2004-05 2006-07 1.11

Aal n c bngl 2002 2006 Cmmn Cnal ec. 0.27

totAL 50.38

th Cmany ha n accmla l an ha n nc any cah l ngh ya c by r an n h mmaly cng nancal ya.

Ba n a c an, accng h nman an lanangn , w a h nn ha h Cmany ha n al n aymn nancal nn an bank. th a n bn hl.

th Cmany ha n gan any lan an aanc n h ba cy byway lg ha, bn an h mla c.

in nn, h Cmany n a ch n a nh /mal bn n/cy. th, h n Cla () aagah 4 h aa a n alcabl h Cmany.

S.No. Name o the Statute Nature o Forum where Amountthe dues dispute is (Rupees in

pending Miion)


56/12773

in nn, h Cmany n alng n ang n ha, c,bn an h nmn. Hw, anabl c ha bn

manan ha an c hl a nmn. All h ha anc hl by h Cmany a nmn a n wn nam. Hw, hn Cla () aagah 4 h aa o a n alcabl h Cmany.

th Cmany ha gn gaan lan akn by ba an acacmany m bank an nancal nn. Accng h nman anlanan gn , w a h nn ha h m an cnn nwhch h Cmany ha gn gaan lan akn m bank an nancalnn a n,prima-acie, jcal h n h Cmany.

Accng h nman an lanan gn , h m lan aby h Cmany ha bn al h whch hy w a.

Accng h nman an lanan gn an n an allamnan h Balanc sh h Cmany, w ha n n an h-m ba ha bn lng-m nmn.

Accng h nman an lanan gn , h Cmany han ma any nal allmn ha a an cman/mc n h rg manan n cn 301 h Cman Ac, 1956.Accngly, h n cla () aagah 4 h aa a n alcabl h Cmany.

th Cmany ha n nc bn ng h ya n a.Accngly, h n cla () aagah 4 h aa o an alcabl h Cmany.

W ha h n mny a by h rgh i ey shaa cl n N 3 N h Accn (schl 24).

dng h c a h bk accn h Cmany, w hanh cm ac any nanc a n by h Cmany n ha w bnnm any ch ca by h Managmn.


A. K. sHArMAParner

Ggan Mmbh Nmb 8008530h May, 2011 Fm rgan Nmb 301072e


57/127

74

Balanc sha a 31 Mach, 2011

Rupees Rupees r

SOURcES OF FUNDS schl Miion Miion MllnsHAreHoLders FuNds

CApitAL 1 1,143.14 785.91

reserves ANd surpLus 2 24,734.84 13,384.98

25,877.98 14,170.89

LoAN FuNds

seCured LoANs 3 8,239.68 11,745.37

uNseCured LoANs 4 850.00

8,239.68 12,595.37

deFerred tAx - Net 5 1,499.04 1,328.41

totAL 35,616.70 28,094.67

APPlIcATIONS OF FUNDSFixed Assets 6

Gross BLoCK 26,196.91 24,860.88

Less : depreCiAtioN 5,633.78 4,880.54

Net BLoCK 20,563.13 19,980.34

CApitAL WorK-iN-proGress 1,275.87 1,744.64

21,839.00 21,724.98

iNvestMeNts 7 6,051.39 3,782.37

CurreNt Assets, LoANs ANd AdvANCes

iNterest ACCrued 5.89 3.27

iNveNtories 8 336.74 300.61

suNdrY deBtors 9 1,265.57 992.19CAsH ANd BANK BALANCes 10 5,942.81 137.72

LoANs ANd AdvANCes 11 2,928.72 3,693.15

10,479.73 5,126.94

Less : CurreNt LiABiLities ANd provisioNs

CurreNt LiABiLities 12 2,000.36 1,870.19

provisioNs 13 753.06 669.43

2,753.42 2,539.62

Net CurreNt Assets 7,726.31 2,587.32

totAL 35,616.70 28,094.67

siGNiFiCANt ACCouNtiNG poLiCies 23

Notes to tHe ACCouNts 24

schl 1 13, 23 & 24 abm an ngal a h Balanc sh.

th h Balanc sh n n a.

GAutAM GANGuLiCompany Secreary


A.K. sHArMAParner

Mmbh Nmb 80085Fm rgan Nmb 301072e

Ggan, 30h May, 2011

A a 31 Mach2011 2010

p. r. s. oBeroi Chairman and Chie Execuive

s. s. MuKHerJi Vice Chairman

viKrAM oBeroi Chie Operaing Ofcer and Join Managing Direcor

ArJuN oBeroi Chie Planning Ofcer and Join Managing Direcor

s. K. dAsGuptA

ANiL NeHru Direcors

L. GANesH


58/12775

GAutAM GANGuLiCompany Secreary

p an L Accn h ya n 31 Mach, 2011

Rupees r

INcOME schl Miion MllnGuest ACCoMModAtioN, restAurANts,BArs & BANquets, etC. 14 9,686.01 7,741.31

otHer iNCoMe 15 1,743.48 1,331.42

11,429.49 9,072.73

EXPENDITURE

CoNsuMptioN oF provisioNs, WiNes & otHers 16 1,385.12 1,190.15

eMpLoYees reMuNerAtioN & WeLFAre expeNses 17 3,188.78 2,448.02

upKeep & serviCe Cost 18 1,496.39 1,203.10

AdMiNistrAtive, seLLiNG ANd otHer expeNses 19 2,018.72 1,652.41

iNterest ANd FiNANCe CHArGes (N 15) 20 1,551.94 1,008.85

depreCiAtioN (N 9) 874.35 680.31

10,515.30 8,182.84

proFit FroM ordiNArY ACtivities BeFore tAx ANdexCeptioNAL iteMs 914.19 889.89

exCeptioNAL iteMs - Loss (Net) 21 (44.18)

proFit FroM ordiNArY ACtivities BeFore tAx 870.01 889.89

tAx 22 224.61 317.62

proFit FroM ordiNArY ACtivities AFter tAx 645.40 572.27

BALANCe BrouGHt ForWArd FroM previous YeAr 3,083.21 3,158.64

3,728.61 3,730.91

APPROPRIATIONS

GeNerAL reserve 128.08 100.00

proposed divideNd oN

equitY sHAres 514.41 471.54

tAx oN divideNd 71.39 76.16

BALANCe CArried to BALANCe sHeet 3,014.73 3,083.21

3,728.61 3,730.91

siGNiFiCANt ACCouNtiNG poLiCies 23

Notes to tHe ACCouNts 24

BAsiC ANd diLuted eArNiNGs per sHAre 1.63 1.46(n r) Fac val`2 (N 17)

schl 14 24 abm an ngal a h p an L Accn.

th h p an L Accn n n a.

Ya n 31 Mach2011 2010


A.K. sHArMAParner


Ggan, 30h May, 2011





s. K. dAsGuptA

ANiL NeHru Direcors

L. GANesH


59/127

76

Ya n 31 Mach2011 2010

Rupees rMiion Mlln

A. cASH FlOW FROM OPERATING AcTIVITIES

p b taan 870.01 889.89

Ajmn :

dcan 874.35 680.31

(p)/L n sal F A (N) (242.08) 25.80- inclng ecnal `325.65 Mlln (2010 -`Nl)

pn mnn n al nmn 0.50

in incm (42.12) (50.71)

dn incm (941.12) (23.83)in en 1,551.94 1,008.85

oang p b Wkng Caal Chang 2,071.48 2,530.31

Ajmn :

ta & oh rcabl 560.98 (330.09)

inn (36.13) 3.02

ta payabl 172.15 (400.93)

Cah Gna m oan 2,768.48 1,802.31

in pa (1,562.49) (990.03)

paymn dc ta (363.60) (262.98)

N cah m oang Ac 842.39 549.30

B. cASH FlOW FROM INVESTING AcTIVITIES

pcha F A (1,358.05) (2,656.99)

sal F A 581.79 25.08

pcha inmn (2,102.10) (284.25)

in rc 35.59 178.46

dn rc 941.12 23.83

Cah n inng Ac (1,901.65) (2,713.87)

Cah Flw samn


60/12777

Cah Flw samn Cond.

Ya n 31 Mach2011 2010

Rupees rMiion Mlln

c. cASH FlOW FROM FINANcING AcTIVITIES

pc m rgh i ey sha 11,788.62

sha i n (111.14)

pc m Bwng

tm Lan 4,100.00 2,400.00

Cah C 532.44

unc Lan 850.00

raymn

tm Lan (7,061.60) (1,431.70)

Cah C (532.44)

unc Lan (850.00)

dn pa (469.09) (469.63)

N Cah n Fnancng Ac 6,864.35 1,881.11

N inca / (dca) n Cah & Cah ealn (A+B+C) 5,805.09 (283.46)

Cah an Cah ealn a h bgnnng h ya 137.72 421.18

Cah an Cah ealn a h n h ya 5,942.81 137.72

Notes :

1. th Cah Flw samn ha bn a n nc mh c n ca n ncm, cha an al nmnwhch ha bn cn n h ba acal cah mmn, wh cnng ajmn n A an Labl.

2. Cah an Cah ealn n Cah an Bank balanc.

3. An F A a a ncl mmn Caal Wk-n-pg bwn h bgnnng an h n hya an a a a a inng Ac.

th h Cah Flw samn n n a.


A.K. sHArMAParner


Ggan, 30h May, 2011GAutAM GANGuLiCompany Secreary





s. K. dAsGuptAANiL NeHru Direcors

L. GANesH


61/127

78

schl Accn

Rupees rMiion Mlln

1

SHARE cAPITAl

AutHorised

1,500,000,000 ey sha `2 ach 3,000.00 3,000.00(2010 - 1,500,000,000)

3,000.00 3,000.00

issued, suBsCriBed, CALLed & pAid up

571,569,414 ey sha `2 ach, lly a (N 3) 1,143.14 785.91(2010 - 392,953,972)

1,143.14 785.91

NOtES :

o h ab h llwng w all :

(a) a lly a ha -

() 3,219,125 ha `2 ach n 1965-66 a lly a an a cnac wh aymn bng c n cah.

() 181,720 ha `2 ach n 1968-69 n m h o h Calca Hgh C a 9h smb, 1968 n hschm Cmm/Aangmn wh aymn bng c n cah.

(b) a lly a Bn sha -() 6,688,725 ha `2 ach n 1979-80 by caalan Gnal r.

() 24,765,655 ha `2 ach n 1984-85 by caalan Gnal r.

() 23,603,520 ha `2 ach n 1992-93 by caalan sc pmm Accn.



(c) 178,615,442 ha ac al`2 ach ha bn all a lly a ha a a mm `64 ha h hahln rgh ba ng 2010-11.

A a 31 Mach2011 2010


62/12779

schl Accn Cond.

Rupees Rupees rMiion Miion Mlln

2

RESERVES AND SURPlUS

CApitAL redeMptioN reserve

A la Accn 1,024.21 1,024.21

seCurities preMiuM ACCouNt

A la Accn 1,053.16 1,053.16

Add : pmm n rgh i ha ng cn ya 11,431.39

(N 3) 12,484.55 1,053.16

Less : sha i n wn (N 3) 111.14

12,373.41 1,053.16

revALuAtioN reserve (N 8a)

A la Accn 2,352.48 2,382.47

Less : Ajmn dcan (N 9b) 29.99 29.99

2,322.49 2,352.48

GeNerAL reserve

A la Accn 5,871.92 5,771.92

Add : tan m p & L Accn 128.08 100.006,000.00 5,871.92

proFit ANd Loss ACCouNt

A ann Accn 3,014.73 3,083.21

24,734.84 13,384.98

A a 31 Mach2011 2010


63/127

80

schl Accn Cond.

Rupees rMiion Mlln3

SEcURED lOANS (Note 3)

terM LoAN FroM BANKs 8,239.68 11,212.93

CAsH Credit FroM BANKs 532.44

8,239.68 11,745.37

PARTIcUlARS OF TERM lOANS

terM LoANs FroM BANKs

stAte BANK oF iNdiA - t/L i`600 Mlln (2010 -`450 Mlln) ayabl whn n ya 600.00 1,050.00

iNterest ACCrued ANd due oN stAte BANK oF iNdiA - t/L i 5.35

stAte BANK oF iNdiA - t/L ii

`1,100 Mlln (2010 -`600 Mlln) ayabl whn n ya 3,800.00 4,400.00

iNterest ACCrued ANd due oN stAte BANK oF iNdiA - t/L ii 34.33

uNited BANK oF iNdiA - t/L i`Nl (2010 -`720 Mlln) ayabl whn n ya 720.00

iNterest ACCrued ANd due oN uNited BANK oF iNdiA - t/L i 25.77

uNited BANK oF iNdiA - t/L ii`Nl (2010 -`83.30 Mlln) ayabl whn n ya 1,000.00

iNterest ACCrued ANd due oN uNited BANK oF iNdiA - t/L ii 25.56

Axis BANK LiMited`Nl (2010 -`425 Mlln) ayabl whn n ya 425.00

stAte BANK oF HYderABAd - t/L i`800 Mlln (2010 -`500 Mlln) ayabl whn n ya 800.00 1,300.00

stAte BANK oF HYderABAd - t/L ii`Nl (2010 -`366.60 Mlln) ayabl whn n ya 366.60

tHe HoNGKoNG & sHANGHAi BANKiNG CorporAtioN LiMited (HsBC)`500 Mlln (2010 -`Nl) ayabl whn n ya 1,000.00 1,000.00

HdFC BANK LiMited 900.00

iCiCi BANK LiMited 2,000.00

8,239.68 11,212.93

PARTIcUlARS OF SEcURITIES:

tm Lan m sa Bank ina (t/L i) c by way abl mgag by l n c h Cmany hln Mmba knwn a tn, Naman pn.

tm Lan m sa Bank ina (t/L ii) c by way chag n mabl a h Cmany hl n Mmba knwna tn, Bana Kla, bh n an an by way abl mgag by l h a hl y.

tm Lan m sa Bank Hyaba (t/L - i) c by way abl mgag by l h Cmany hl n

Klkaa knwn a th ob Gan.tm lan m HsBC an iCiCi Bank Lm a c by way abl mgag by l n c h Cmanyhl n dlh knwn a Man Hl, ankngpari passu. Can abl mgag n a iCiCi Bank Lm, ankngpari passu, n g.

Rupees rMiion Mlln

CAsH Credit FroM BANKs

uNited BANK oF iNdiA 509.06

tHe HoNGKoNG ANd sHANGHAi BANKiNG CorporAtioN LiMited 23.38

532.44

Cah C aangmn a c by way hyhcan all ck inn, Bk db an h Cn A h Cmany,bh n an , ankngpari passu. Cah c wh un Bank ina anally c by way cn chag n c

h Cmany hl n Klkaa knwn a th ob Gan.

A a 31 Mach2011 2010


64/12781

schl Accn Cond.


4

UNSEcURED lOANS

sHort terM LoANs FroM BANKs

tHe HoNGKoNG ANd sHANGHAi BANKiNGCorporAtioN LiMited 100.00

tHe roYAL BANK oF sCotLANd N.v. 750.00

850.00

A a 31 Mach2011 2010

5DEFERRED TAX - NET

deFerred tAx LiABiLities

depreCiAtioN 1,632.95 1,481.08

deFerred tAx Assets

uNABsorBed depreCiAtioN 9.15

ACCrued expeNses deduCtiBLe oN pAYMeNt 38.35 74.14

LeAve eNCAsHMeNt 14.60 7.84

provisioN For deBts ANd AdvANCes 71.81 70.69

133.91 152.67

deFerred tAx LiABiLities (Net) 1,499.04 1,328.41


65/127

82

schl Accn Cond.

6 FIXEDA

SSETS

rupeesinMillion

GrossBLoCK

depreCiAtioN

NetBLoCK

ognalC/

An

sal/

ognalC/

Aa31

Fh

L:sal/

Aa31

Asat31st

Aa31

raluan

Ajumn

raluan

Mach,2010

Ya

Ajumn

Mach,2011

Marc

h,

2011

Mach

,2010

aa31

aa31

Mach,2010

Mach,2

011

`

`

`

`

`

`

`

`

`

`

Bunrgh

(inangblA)

78.72

-

-

78.72

78.72

-

-

78.72

-

-

FhlLannclung

lmnc

1,514.76

23.09

228.14

1,309.71

-

-

-

-

1,309.71

1,514.76

LahlLan

2,636.62

-

-

2,636.62

11.03

26.77

-

37.80

2,598.82

2,625.59

Bulng(N8b)

10,117.54

894.81

105.32

10,907.03

1,675.45

207.05

41.53

1,840.97

9,066.06

8,442.09

sanayinallan

591.77

149.14

15.96

724.95

68.28

12.45

5.76

74.97

649.98

523.49

plan&Machny

7,508.12

490.18

80.04

7,918.26

2,220.90

450.01

52.97

2,617.94

5,300.32

5,287.22

LaMachny(N10)

239.43

-

-

239.43

18.59

17.77

-

36.36

203.07

220.84

Funu&Fng

1,173.48

137.61

23.66

1,287.43

511.50

93.30

22.14

582.66

704.77

661.98

vhcl

253.32

75.29

13.87

314.74

120.68

31.90

9.95

142.63

172.11

132.64

Lavhcl(N10)

107.34

56.30

23.55

140.09

47.65

30.69

18.69

59.65

80.44

59.69

Ba

49.51

0.40

0.25

49.66

10.71

1.34

0.06

11.99

37.67

38.80

Acaf

590.27

-

-

590.27

117.03

33.06

-

150.09

440.18

473.24

24,860.88

1,826.82

490.79

26,196.91

4,880.54

904.34

151.10

5,633.78

20,563.13

19,980.34

CaalWk-n-pg

nclungCaalaanc

cng

`

217.97Mlln;

(2010-

`

42.70Mlln)

1,744.64

1,254.41

1,723.18

1,275.87

-

-

-

-

1,275.87

1,744.64

26,605.52

3,081.23

2,213.97

27,472.78

4,880.54

904.34

151.10

5,633.78

21,839.00

21,724.98

puya

24,158.39

8,750.01

6,302.88

26,605.52

4,329.21

710.30

158.97

4,880.54

21,724.98


66/12783

schl Accn Cond.


7

INVESTMENTS

long Term Investments

Trade Investments

Quoted

7,071,333 (2010 - 7,071,333) ey sha `10 ach eiH Aca Hl Lm lly a 596.34 596.34

200,000 (2010 - 200,000) ey sha `10 ach ryal Man Hl an in Lm lly a 2.00 2.00

25,000 (2010 - 25,000) ey sha `10 ach tm Fnanc Can ina Lm lly a 0.50 0.50

Unquoted

18,720,000 (2010 - 18,720,000) ey sha `10 ach L&t Bangal A Hl Lm lly a (N 27) 187.20 187.20

25,950,000 (2010 - 25,950,000) ey sha `10 ach Gln Jbl Hl Lm lly a 259.50 259.50

Subsidiar companies

Unquoted

89,607,800 (2010 - 44,607,800) ey sha $1 ach eiH innanal Lm lly a 4,010.79 1,908.74

25,999,995 (2010 - 25,999,995) ey sha `10 ach Mahba r Lm lly a 260.04 260.04

2,176,000 (2010 - 2,176,000) ey sha `10 ach ob Kala Hl an r Lm lly a 21.76 21.76

12,390,000 (2010 - 12,390,000) ey sha `10 ach Mmaz Hl Lm lly a 394.72 394.72

3,277,777 (2010 - 3,277,777) ey sha `10 ach Mcy Ca rnal Lm lly a 55.00 55.00

16,014,721 (2010 - 5,386,839) ey sha Ma r 10 ach eiH Flgh sc Lm, Ma lly a 244.59 77.17

50,000 (2010 - 50,000) ey sha `10 ach eiH Flgh Cang sc Lm lly a 0.50 0.50

Less : pn mnn n al nmn 0.50

0.50

A a 31 Mach2011 2010


67/127

84

schl Accn Cond.

7

INVESTMENTS - Contd.

Others - Investments

in Shares (Unquoted)

849,575 (2010 - 849,575) ey sha `10 ach Mcy tal Lm lly a 18.69 18.69

Nl (2010 - 75,000) ey sha `10 ach CCA L sc pa Lm lly a 0.75

Less : pn mnn n al inmn 0.75

in Government Seurities (Unquoted) Non Trade

7 ya Nanal sang Cca (N 6) 0.26 0.21

6,051.39 3,782.37

Bk val Mak val r r

Mlln Mlln

q 598.84 1,085.06(598.84) (926.13)

un 5,452.55(3,183.53)

6,051.39(3,782.37)

(Fg n back n g 2010)

in 2010, 6,525,391.931 un HdFC L Fn pmm plan - dn - daly rn a c w cha an l a a c`80.00 Mlln. (Nn ta)

A a 31 Mach2011 2010

Rupees Rupees r Miion Miion Mlln


68/12785

schl Accn Cond.

Rupees Rupees r Miion Miion Mlln8INVENTORIES (Note 13)

pn, Wn & oh (N 23) 137.73 128.50

s & oang sl 199.01 172.11

336.74 300.61

9SUNDRy DEBTORS (Unseured)

db anng a cng mnh

Cn g 27.39 30.68

Cn bl 29.69 26.13

57.08 56.81

oh db

Cn g 1,238.18 961.51

1,295.26 1,018.32

Less : pn dbl db 29.69 26.13

1,265.57 992.19

Note:Amn m sbay Cman (Cn g)

F a cng mnh

oh db

Mahba r Lm 0.60

Mmaz Hl Lm 22.88 24.01

eiH Flgh sc, Ma 4.94

ob Kala Hl & r Lm 0.01

A a 31 Mach2011 2010


69/127

86

Rupees Rupees r

10 Miion Miion Mlln

cASH & BANk BAlANcES

Cah n han nclng ch n han`48.41 Mlln (2010 -`25.32 Mlln) 72.82 44.92

Bank Balanc :Wh schl Bank :

Cn Accn (N 3) 520.78 25.40

F d (N 3 & 6) 5,309.34 31.96

una dn Accn 27.69 25.24

Magn Accn 2.21 1.90

ecw Accn / Facnal sha al c (agan Bn i) 0.20 0.21

5,860.22

Wh oh :F d wh Mahbank, dba 0.61 0.61(Mamm Balanc ng h ya`0.61 Mlln; 2010 -`0.70 Mlln)

Cn Accn wh :

Cbank, Nw Yk 0.02 0.11(Mamm Balanc ng h ya`5.69 Mlln; 2010 -`6.00 Mlln)

th Hngkng an shangha Bankng Can Lm, snga 0.14 0.08(Mamm Balanc ng h ya`3.73 Mlln; 2010 -`3.58 Mlln)

Hngkng Bank Aala Lm, syny 0.11 0.06(Mamm Balanc ng h ya`5.10 Mlln; 2010 -`3.31 Mlln)

th Hngkng an shangha Bankng Can Lm, Lnn 7.72 6.51

(Mamm Balanc ng h ya`13.36 Mlln; 2010 -`8.93 Mlln)Mahbank, dba 1.17 0.72(Mamm Balanc ng h ya`1.61 Mlln; 2010 -`2.22 Mlln)

5,942.81 137.72

A a 31 Mach2011 2010

schl Accn Cond.


70/12787

schl Accn Cond.

Rupees Rupees r11 Miion Miion Mlln

lOANS AND ADVANcES (Unseured)(Cn g, nl hw a)

Lan sbay Cman : (N 14)

Mahba r Lm(Mamm Balanc ng h ya`1,115.13 Mlln;2010 -`1,087.63 Mlln) 1,083.63

eiH Flgh sc Lm, Ma(Mamm Balanc ng h ya`122.58 Mlln; 2010 -`Nl) 122.58

122.58

Aanc wa ey n :sbay Cman :

Mahba r Lm (N 14) 1,293.03 130.00ob Kala Hl an r Lm 1.60 1.60

eiH Flgh sc Lm, Ma 167.43

1,294.63

Aanc wa ey n :

pa Lm Cman n whch w hdc a dc :

CCA L sc pa Lm - cn bl 0.31

oh Cman :

Maa Hl Lm - cn bl 2.50 2.50

Aanc cabl n cah n kn al b c :

Cn g 200.52 283.67

Cn bl 183.98 179.04 384.50

Lan Aca: eiH Aca Hl Lm 320.00(Mamm Balanc ng h ya`320.00 Mlln;2010 -`320.00 Mlln)

inanc Clam rcabl 694.36

pa en 119.63 85.50

sny d 586.80 559.77

Fng Bn ta (n pn) 7.70 7.70

incm ta Aanc/rn (n pn) 440.86 359.49

MAt c nlmn (N 19) 156.00

3,115.20 3,875.00

Less : pn dbl Aanc 186.48 181.85

2,928.72 3,693.15

A a 31 Mach2011 2010


71/127

88

schl Accn Cond.

13PROVISIONS

p dn n ey sha 514.41 471.54

ta n dn 71.39 76.16

Walh ta (n Aanc) 29.50 4.85

La encahmn 137.76 116.88

753.06 669.43

A a 31 Mach2011 2010

Rupees Rupees

r12 Miion Miion Mlln

cURRENT lIABIlITIES

sny C

tal anng Mc en an small en (N 5) 0.35

tal anng C h han Mc enan small en (nclng amn sbay Cman) 1,124.49 955.36

1,124.84 955.36

Cnbn wa Gay 45.29 17.44

scy d 151.06 146.26

Lably La A (N 10) 234.49 254.21

in acc b n 5.01 3.91

oh Labl 408.25 463.08

unclam Facnal sha al c (agan Bn i) 0.20 0.21

unclam dn 27.69 25.24

in ecan an pcn Fn :

in n unclam d 0.28 0.23

unclam Ch an Waan - F d 3.25 4.25

2,000.36 1,870.19

Note:

Amn sbay cman

Mahba r Lm 0.50

Mcy Ca rnal Lm 12.18 10.01

ob Kala Hl & r Lm 0.08


72/12789

schl Accn Cond.


INcOME FROM GUEST AccOMMODATION,RESTAURANTS, BARS & BANQUETS, ETc.

rm 4,277.47 3,238.28

F an Bag 3,658.13 2,984.14

oh sc 1,750.41 1,518.89

9,686.01 7,741.31

15

OTHER INcOME

in (G)

Lan (ta a c`2.99 Mlln; 2010 -`4.00 Mlln) 29.90 30.40

Bank (ta a c`0.68 Mlln; 2010 -`1.21 Mlln) 9.84 7.12

oh (ta a c`0.23 Mlln; 2010 -`0.24 Mlln) 2.38 2.41

incm ta rn 10.78

42.12 50.71

dn (G)

Fm sbay Cman - Lng tm inmn (ta) 930.48 12.99

Fm oh - Lng tm inmn (ta) 10.64 10.62

Fm Mal Fn - Cn inmn (Nn-a) 0.22

941.12 23.83

sal pnng Maal 589.04 492.71

Mcllan incm 169.83 237.41

inanc Clam - Bn inn L 526.76

Gan n echang 1.37

1,743.48 1,331.42

16

cONSUMPTION OF PROVISIONS,WINES & OTHERS (Note 23)

onng sck 128.50 157.14

Add : pcha 1,394.35 1,161.51

1,522.85 1,318.65

Less : Clng sck 137.73 128.50

1,385.12 1,190.15

17EMPlOyEES REMUNERATION & WElFARE EXPENSES

sala, Wag & Bn 2,802.34 2,109.39

Cnbn pn Fn 111.08 87.17

Wkmn & sa Wla en 176.22 163.60

Cmmn dc (N 18) 38.22 54.91

Gay 60.92 32.95

3,188.78 2,448.02

Ya n 31 Mach2011 2010


73/127

90


UPkEEP & SERVIcE cOST

Lnn, unm Wahng & Lany en 27.19 23.88

en n Aamn & Ba 120.22 119.44

pw & Fl 726.88 588.68

rnwal & rlacmn 88.76 80.06

ra :

Blng 152.42 107.98

plan & Machny 304.02 214.58

oh 76.90 68.48

533.34

1,496.39 1,203.10

19

ADMINISTRATIVE, SEllING & OTHER EXPENSESrn 231.28 253.75

ryaly, Fanch F & Mmbh F 90.52 79.79

Amn, pblcy & oh pmnal en 283.17 219.22

Cmmn tal Agn & h 164.75 129.60

ra & ta 325.36 229.65

inanc 49.54 47.84

paag & tallng 286.72 248.57

pag, tlhn, c. 124.43 99.19

Mcal, Ban & Kchn en 65.50 44.25

dc F 0.80 0.64

L n sal/dca A (N) 83.57 25.80L n chang 0.59

pn/w : db & Aanc 16.20 8.32

A rmnan (N 16) 10.15 8.88

pn/w : inmn 1.25

Mcllan en 285.48 256.32

2,018.72 1,652.41

schl Accn Cond.

Ya n 31 Mach2011 2010


74/12791

schl Accn Cond.

Ya n 31 Mach2011 2010

Rupees r20 Miion Mlln

INTEREST AND FINANcE cHARGES (Note 15)on F Lan 1,499.05 959.79

on oh 52.89 49.06

1,551.94 1,008.85

21

EXcEPTIONAl ITEMSshall ang n nal lmn nanc clam l bn nn (N 4()) (369.83)

sl ang n nal lmn nanc clam amag (N 4()) 67.05

p n al lan/aamn 258.60

(44.18)

22

TAXincm ta 156.00 171.00

Walh ta 15.10 4.10

d ta 170.63 139.52

341.73 314.62

Less : MAt c nlmn (N 19) 156.00

185.73 314.62

Add : ta ajmn lang al ya a nal amn 38.88 3.00

224.61 317.62


75/127

92

schl Accn Cond.

23SIGNIFIcANT AccOUNTING POlIcIES

BASIS OF PREPARATION OF FINANcIAl STATEMENTSth Fnancal samn a a n h hcal c cnnn (c wh mamn ma analan ca ) n h ba gng cncn an n accanc wh Accnng sana n by hCman (Accnng sana) rl, 2006 by h Cnal Gnmn n cnlan wh h NanalAy Cmm n Accnng sana an lan n h Cman Ac, 1956 an n accal

ba.

USE OF ESTIMATESin ang h Fnancal samn n cnmy wh accnng ncl gnally acc n ina, Managmn mak ma an amn ha ac h amn a an labl an h cl cnngn labl a a h a Fnancal samn an h amn n an n ng h . Acal l cl m h ma. Any n ch ma cgn n h h

am mn.

PRIOR PERIOD ADJUSTMENTS, EXcEPTIONAl ITEMS, EXTRAORDINARy ITEMS AND cHANGES INAccOUNTING POlIcIESp ajmn, cnal m, anay m an chang n accnng lc hang maalmac n h nancal aa h Cmany a cl.

FIXED ASSETSF A a a a c acn cncn an n ca alan a a al amn n mamn l, any, l can/aman. C n c n nc n acn cncn h a an h ha nc n lang cncn allca n n h cc nl.

A ac n la ba a a a h cah al l can/aman.

Caal wk-n-g cm anng aanc a/ayabl ac a an h c aha a n y ay h nn n h ng a.

DEPREcIATIONdcan n a h han lan, can blng n lahl lan an la hcl nsagh Ln Mh a h a whch a n cnmy wh h mn h Cman Ac, 1956. Can a nclng la hcl, blng nall n lahl lan (h han n al la) a ca h l h c la h manng la m h a nallan whch h.vhcl ac n la a ca h c la y mnh m h a acn,whch al. Lng m Lahl lan (h han n al la) a ca h balanc la, cmmncng m h a h lan cmmcal . th anal can n hnca n h al a alan aj agan ralan r.

REVENUE REcOGNITION- rn m haly c cgn whn h c a n an h am bcm chagabl.

rn m al nng an h maal cgn n ach maal.- rn m n acc an cgn n m ba an mn by cnacal a n.- dn ncm a a g an cgn whn gh c aymn ablh.- rn m sh Lcnc F, Managmn an Makng F ncl n oh sc cgn n

accal ba a m cnac.

IMPAIRMENT OF ASSETSimamn acan a ach Balanc sh a n c h Cmany a. An mamn l cgn whn h cayng amn an a cah gnang n c cabl amn.


76/12793

schl Accn Cond.

lEASESin c a ac n a 1 Al, 2001, h am a caal a h lw h a al an n

al h mnmm la aymn a h ncn h la m. La aymn a an bwn hn chag an cn h la lably a ach a cnan a n n h manng balanc h lably. in cmnn chag h p an L Accn n in an Fnanc chag.

oang la aymn a cgn a n n h p an L Accn n agh ln ba, hla .

INVESTMENTSinmn hl by h Cmany whch a lng m n na a a a c nl h any mann mnnn al wh n mnn ma n nal nmn ba. Cn nmn a al a c mak c a al, whch lw. eanng n nmn a accn n accal ba.

INVENTORIESinn a al a c whch ba n F-in-F-o mh n alabl al, whch lw.

uncabl/amag/ca ck an hag a chag h p an L Accn.

TRANSAcTIONS IN FOREIGN cURRENcysal ma n gn cncy a cn a h alng alcabl chang a. Gan/L ang fcann chang a accn n alan.

paymn ma n gn cncy nclng acng nmn a cn a h alcabl a alngn h a manc. Lably n accn gn cncy cn a h chang a alng a h n h ya. Mnay m nmna n gn cncy a cn a h chang a alng a h n h ya.

rn n all h a sal oc a cn a h aag chang a h ya. A anLabl h han F A a cn a h chang a alng a h cl h accnng ya anF A a cn a h mnh-n chang a h mnh acn.

Fgn cncy lan c by wa cnac a algn a h wa cnac a, whl h n cby wa cnac a algn a h a lng a h ya n. th nc n algnmn accn nh p an L Accn.

EMPlOyEE BENEFITSsh tm emly Bn cgn a n n h p an L Accn h ya n whch la c n.

p mlymn an h Lng tm emly Bn a n h Accn n h llwng mann:

() Gay Manan a a n bn mn lan an cnbn ma h L inanc Can ina, a Cmany schm. pn/ w back, any, ma n h ba h n al hlably a a h Balanc sh a mn by acaal alan llwng pjc un C Mh an a a lably.

() La ncahmn n mnan c - A acaal alan a a h Balanc sh a llwngpjc un C Mh.

() pn Fn : pn Fn m h mly a dn Cnbn schm, wh h cnbn ma a Fn amn by h Gnmn pn Fn Ahy.

F a w mly, pn Fn, amn by a rcgn t, a dn Bn plan whn h mlyan h Cmany mak mnhly cnbn. pnng h anc Ganc N m h Acaal scy ina, acaal alan n ca an h Cmany lably a ya n, n c hhall, any, n cnman m h t ch Fn.


77/127

94

BORROWING cOST

Bwng c ha ababl h acn / cncn a a caal a a h c hc a. oh bwng c a cgn a n n h ya n whch hy a.

SHARE ISSUE EXPENSESsha n a wn agan h sc pmm Accn n accanc wh scn 78 h CmanAc, 1956.

TAXES ON INcOMEincm-a accn n accanc wh Accnng sana n Accnng a n ncm n an h Cman (Accnng sana) rl, 2006.

Mnmm Alna ta (MAt) accn n accanc wh a law whch g cnmc bnn h m a c agan whch ncm a lably aj an cgn a an a n hBalanc sh.

d a an cgn n mng nc bwn aabl ncm an accnng ncm bjc nal cnan. d a a n nabb can an cay wa l a n cgnnl h al cany ab aalably aabl ncm al ch a.

PROPOSED DIVIDENDdn cmmn by h Ba dc n h Accn nng shahl aal.

PROVISIONS, cONTINGENT lIABIlITIES AND cONTINGENT ASSETSpn a cgn whn h a n lgal ay blgan a a l a n an wh babl ha h wll b fw c l h blgan an whn a labl ma h amn hblgan can b ma.

Cnngn La

The Oberoy Hotel Group Annual Report 2010-2011

Documents