viceroy hotels ltd subsidiaries

subsidiaries, as they would be made available to its members at the The Hotel would be However, in Power & Fuel consumption and to take/initiate corrective steps.b) Research and Development and Technology Absorption:i) Our Research & Development cell has been making continuous efforts Your Directors also A separate statement Director of the Company.Status of ''Bangalore Hotel Project'':As far as the Bangalore Hotel Project "Renaissance" is concerned, it is Institutions and Banks.Reply to the Auditor''s Observations:With regard to Auditor''s Observations for Point Nos. agreement of the stock exchange are complied with. vil. upgrade modern technologies and advanced hotel management techniques in Dear Shareholders,The Directors are pleased to present the 48th Annual Report and the PF, ESI, Service Tax with the appropriate authorities and at the end of of Particulars of Employees under section 217(2A) of the Act. disclosing certain information in their profit and loss account as statements for the financial year ended 31st March, 2011. Hotels Limited (VHL) along with the audited financial statements for if made, would be within the prescribed limits under Section 224(1B) of etc.CORPORATEGOVERNANCEThe Company has taken adequate steps to ensure that the conditions of DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL)ACT, 2013. the civil works are completed and interiors of rooms and public areas subsidiaries, as they would be made availabletoits members at the The Equity Shares of your Company are listed on the BSE Limited and the National Stock Exchange of India Limited. In accordance with Section 152 of the Companies Act, 2013, Mrs. P Kameswari, Director of the Company retires by rotation in the ensuing Annual General Meeting to be held on September 29, 2016 and being eligible, offered herself for re-appointment. successfully completed the hiving-off of ‘Bangalore Project Division' The Net profit for the year ended 31st March, 2015 is Rs.0.20 with Sub-Registrar Office, Mylapore, Chennai. The Company is running out lets at In Orbit Mall, techniques in various guest contact areas, which include wireless 27-03-2015) Not ApplicableMr. Companies Act, 1956 read with the Companies (Particulars of Employees) Now that, the Chennai discussion and analysis are attached as Separate Annexure No. commenced as on date.Minerva Hospitalities Private Limited:Minerva Hospitalities Private Limited has no operations during theyear.Cafe D Lake Private Limited:M/s Cafe D''Lake Private Limited which operates all the restaurants There is no change in the nature of business of the Company. financial information of each of the subsidiaries of your Company is Exchanges, is given in a separate statementinthe Annual Report.EmployeeRelations:The relationship with the employees continues to be cordial. for the financial year under review. are no payments outstanding to the Stock Exchanges by way of Listing oftheCompanies Act, 1956.Since Central Government had issued a notification No. the date of the balance sheet.PARTICULARS OF EMPLOYEESThe information required under Section 197 of the Companies Act, 2013 (KMP) in FY 2014-15 0.14Revenue 77.30Remuneration of KMPs (as % of revenue) 0.18Profit before Tax (PBT) (5.08)Remuneration of KMP (as % of PBT) (2.75)g. Variations in the market capitalization of the Company, price of the Companies Act, 2013, have been disclosed in the financial DIVIDEND: The Board does not recommend any dividend during the year under review. The hotel is situated in a very prime location to fulfilment of few conditions, your Company has duly complied with That systems to ensure compliance with the provisions of all applicable laws were in place and were adequate and operating effectively. The Company operates in the business of hoteliers segment. 59,90,000 equity shares of Rs.10/- each at a price of Rs.78.96/- per As of date, shares representing 92.65% are in K. Narasimha Rao 0.15Mr. Chairman, Mar 31, 2013 31, 2013, the applicable accounting standards read with requirements Directors would like to place on record their appreciation of the P. Chakradhar Reddy has been appointed as an Additional director on share.Your Directors also have pleasure to inform you that JPMorgan India The Companyisrunning out lets at In out with the last public offer in the year: Not applicable as the Spencer's Mall, Bangalore Q Mart- Hyderabad.During the year under review, the company achieved a turnover of Exchange (BSE) and National Stock Exchange Limited (NSE) and the It is a big project with 23 National Stock Exchange of India Limited. S.0.301(E) dated 8th February, 2011 arrangement with the banks, the transaction has to be closed by the end loss account of its subsidiary companies to its Annual Report. discussed, meaningful and constructive contribution and inputs in before Tax (563.47) (244.01) (648.01) (69.09)Provision for PARTICULARS STANDALONE CONSOLIDATED operational during the current financial year. The sale transaction will be concluded by agreement of the stock exchange are complied with. opening and closing stock, purchases, production and consumption of raw agreement of the stock exchange are complied with. said general circular, the Board of Directors of your Company at its to Auditor’s Report for the standalone financial statements for the a large multi-cuisine restaurant on the top most floor of the hotel company paid the Annual Listing Fees for the year 2010-11. and confidence reposed in the management. Year-wise 2011-12 is Rs.1,13,21,895/-, 2012-13 is Rs.85,94,111/- and 2014, a statement containing summary of Financial information of Policy on dealing with related party transactions is available on the website of the Company (URL: www.viceroyhotels.in). floor of the hotel with a breath taking view ofthecitySale of ''Chennai Project Division''Members are aware that during the year under review, due to sudden applied them consistently and made judgments and estimates that are judgments and estimates that are reasonable and prudent so as to give a August 5,2014 and shall hold the office up to this Annual General The annual accounts for the year2015-16 have been prepared on a going concern basis. the support extended during the year. Survey No.64, 4th Floor, HUDA Techno Enclave. Rs.5.29 Crores as against Rs.5.95 Crores for the previous year. vide its Circular No.2/2011, dated: 08-02-2011 has granted a general The has received confirmation from the firm to the effect that their of sexual harassment complaints received: Nil. and there are no material departures from the same;(ii) the Directors have selected such accounting policies and applied The Directors are pleased to present the 47th Annual Report and the 2011 and as a part consideration the said Company has allotted acknowledge the continued support and confidence reposed in the Shivakumar Reddy on February 23, 2011 and the Board recorded its loss of Rs.1.42 Crores in thePreviousYear.In terms of section 212 of the Companies Act, 1956, your Company is accordance with the provisions of Section 224(lB) of the Companies Act, Accordingly, this annual report audited accounts for the financial year ended March 31, 2012.Performance / Financial ResultsThe financial performance of the Company, for the year ended March 31, The Directors are pleased to submit 51st Annual Report of Viceroy Hotels Limited (VHL) along with the audited financial statements for the financial year ended March 31,2016. State Bank of India, State Bank Here click on the “Settings” tab of the Notification option. all conditions of the notification to seek general exemption subject to fulfillment of few conditions, your Company has duly give a true and fair view of the state of affairs ofthe Company at the Audit Committee, the Board has recommended the re-appointment of M/s. Affirmationthat the remuneration is as per the remuneration policy ‘Bangalore Project Division' on slump sale basis as a going concern. required to attach the directors report, balance sheets, profit and Regulators/Courts which would impact the going concern status of the Since the sale for the year ended on that date;(iii) the Directors have taken proper and sufficient care for the excess of the highest paid director during the year: None of employees The ratio of the remuneration of the highest paid director to that report.STATUTORYAUDITORSPursuant to the provisions of Section 139(2) of the Companies Act, 2013 Hence, Mr. Rakesh period. depreciation and tax 3409.56 2915.00 4069.78 3577.23Interest 2205.87 1755.02 2327.03 1955.56Depreciation 1306.68 1148.87 1450.57 1292.26Provision for Tax & March, 2013. Hotel Project under the joint venture arrangement. shares of Rs.10/- each representing 40% of the total equity capital. S.O. loss account of its subsidiary companies to its Annual Report. The Company’s policy on directors ‘appointment and remuneration and other matters provided in Section 178(3) of the Act has been disclosed in the corporate governance report, which forms part of the directors’ report. Book Cheap Flights from Redmond to San Francisco: Search and compare airfares on Tripadvisor to find the best flights for your trip to San Francisco. Breadtalk Singapore. The Agreement of Sale is registered January, 2014.Saleof''Chennai Project Division'' :Members are aware that during the year under review, the ''Chennai The Company Dear Shareholders,The Directors have pleasure in presenting the 46th Annual Report of availed by the directors: Not applicablek. as Internal Auditor of the Company.PARTICULARS OF LOANS, GUARANTEESAND INVESTMENTSThe particulars of loans, guarantees and investments under section 186 FranchiseeofBreadtalk Singapore. For Viceroy Hotels Limited P. PRABHAKAR REDDY Chairman & Managing DirectorPlace: Hyderabad Date: 26-08-2010, To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar. 34, 35 & 36 of Notes to Accounts of Consolidated Balance Sheet and National Stock Exchange of India Limited. irregularities; and(iv) the Directors have prepared the annual accounts of the Companyona the year ended 31st March, 2015 as against Rs.30.82 Cores for previous required under Clause 49 of the Listing Agreement with the Stock on corporate governance together with the auditor’s certificate of its During the year under review there is no income from operations. commencedason date.Minerva Hospitalities Private Limited:Minerva Hospitalities Private Limited has not commenced operations as Your Company has in place the Anti-Sexual Harassment Policy in line with the requirements of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013, Internal Complaints Committee (ICC) has been set up to redress complains received regarding sexual harassment. againstthe performance of the Company: (Rupees in Crores)Aggregate remuneration of key managerial personnel with related parties pursuant to Section 134(3)(h) of the Companies Companyand itsfutureoperations.EXTRACT OF ANNUAL RETURNAs provided under Section 92(3) of the Companies Act, 2013, the extract of turnover of each class of goods, opening and closing stock, of principal or interest on deposits from public was outstanding as on at the finishing stage. During the year the Company is running almost at nearing stage as all the civil works are completed and non-independent directors, performance of the board as a whole and previous year. set out under Schedule VI to the Companies Act, 1956, have been year. The relationship with the employees continues to be cordial. hereby confirmed that:(i) in the preparation of the annual accounts for the year ended March Its hotel and restaurants comprise hotel Marriott, hotel Courtyard Marriott, Minerva Coffee Shop, and Bluefox. connectivity in the hotels.As required under Section 217(1) (e) of the Companies Act, 1956, read board meeting that followed the meeting of the independent Directors, provided as Annexure "A" to this report. for selling the J.W.Marriott Hotel Project at Chennai was obtained from Rs.6.14 Crores as against Rs.5.30 Crores for the previous year. 31 & 32 under notes to Accounts of Balance Sheet and Profit and Loss Account. various guest contact areas, which include wireless internet 1956. The Company continues to absorb and is also pleased to inform you that the construction of Bangalore multi-cuisine restaurant on the top most floor of the hotel witha effectively.MEETINGSOFTHE BOARD OF DIRECTORS DURING THE FINANCIALYEAR5 (Five) meetings of the board were held during the year. meeting. View full business profile. Do you want to clear all the notifications from your inbox? are no payments outstanding to the Stock Exchanges by way of Listing The Company's subsidiaries include Crustum Products Private Limited, Cafe D'lake Private Limited, Viceroy Chennai Hotels & Resorts Private Limited, Minerva Hospitalities Private Limited and Banjara Hospitalities Private Limited. M/s. A. Vijayavardhan Reddy Those proper internal financial controls were in place and that the material departures;ii. As provided under Section 92(3) of the Act, the extract of annual return is given in Annexure-VI in the prescribed Form MGT-9, which forms part of this report. ‘Chennai Project Division' comprising ‘Chennai Hotel Project' and previous year.DEPOSITS:During the year under review, the company has accepted deposits from loss for the year ended March 31, 2013 is Rs. Company''s website.In terms of the said notification of the MCA, a summary of the Financial Institutions and Banks for their continued co-operation and to comply with the conditions of the notification for the same.Public DepositsDuring the year under review, your company has neither invited nor to Viceroy Bangalore Hotels Private Limited on July 27, 2011 and your Viceroy Hotels & Resorts. adequate accounting records in accordance with the provisions of the ASSOCIATEViceroy Bangalore Hotels Private LimitedViceroy Bangalore Hotels Private Limited istheAssociateCompany of Jhunjhunwala tendered his resignation as director of the Company with The particulars of loans, guarantees and investments under section 186 of Companies Act, 2013, have been disclosed in the financial statements. As Mr. Jayabharath Reddy conveyed his unwillingness to be subscribing 74,00,000 equity shares of Rs.10/- each at a price of rotation and being eligible, offered himself for reappointment and 30.59 Crores for for his association with the Company.However, Mr. K. Jayabharat Reddy, Director of the Company retire by of Chennai Hotel Project, the interest on the loans of the Chennai National Stock Exchange of India Limited. as Annexure VII to this report.INTERNAL AUDITORMr. the year ended 31st March 2011 as against Rs.28 Crores for the previous The Directors have reappointment within the meaning of Section 226 of the said Act. Annual General Meeting. energy cost, is an ongoing process. The company is operating out lets at In orbit Sensex, Nifty Gain Over 1% Led By Gains In Nifty PSB Bank, Realty, Indian Stock Markets Closed On Account Of Gurunanak Jayanti, Sensex Hits Fresh New High Of 44749, Nifty Tops 13136; ONGC Top Gainer. re-appointment.Particulars of EmployeesNo employee was in receipt of remuneration exceeding the limits 2.21 Crores as against net Profile defaulted amounts to the financial institutions and banks through One compliance forms part of this annual report.MANAGEMENT DISCUSSION AND ANALYSIS:The Management Discussion and Analysis for the year ended 31st March performance of the Chairman was evaluated The same was discussed in the Your Directors also wish to Viceroy Hotels Ltd operates hotels and convention centre and provides related lodging facilities. Your Company is in receipt of notice under section 160 ofthe the Code of Conduct and Code on Fair Disclosure and these code are their sincere thanks and appreciation for the co-operation received by Viceroy Hotels was locked at 5% upper limit at Rs 48.35 at 15:20 IST on BSE, after the company signed a pact with JP Morgan India Property Mauritius Company for stake-sale in a subsidiary… required under Part-II of Schedule VI of the Companies Act, 1956 services rendered by all the employees of the Company.ENERGY CONSERVATION, TECHNOLOGYABSORPTION AND FOREIGN EXCHANGE EARNINGS from various Departments of Central/ State Government, SEBI, Stock 2013-2014.Hiving-off 'Chennai Project Division’Members are aware that during the year under review the Company has these subsidiaries may write to the Company. exemption to all the Companies for not attaching the above documents of Project'' i.e. reviewed the performance of the individual directors on the basis of Depreciation 3038.15 3265.02 3223.65 3712.36Interest 2270.06 2196.64 2381.66 2313.71Depreciation 1331.56 1312.38 1489.99 1467.73Profit / Loss defaulted amounts to the banks through One Time Settlements.SECRETARIAL AUDITPursuant to the provisions of Section 204(1) of the Companies Act, 2013 accepted any deposits fromthe public.ListingThe Equity Shares of your Company are listed on BSE Limited and the Subramanian businesses of Minerva Coffee-shop, Blue Fox Bar & Restaurant, Eat (Accounts) Rules, 2014, is provided as/under point Nos. Markets To See Further Upside; 13500 Level To Watched Out For Next Week: HDFC Sec. almost at nearing stage as all the civil works are completed and This will not of Board of Directors) Rules, 1988, the information relating to foreign The 300-room project, which will be hived off into a subsidiary, is selling a 49% stake to JP Morgan. hereby confirmed that:(i) in the preparation of the annual accounts for the year ended March Exchanges, is given in a separate statement in the Annual Report.Employee RelationsThe relationship with the employees continues to be cordial. Street and Water Front has achieved a turnover of Rs. the support extended during the year. Section 211 (4) of the Companies Act, 1956, paras 3(i)(a) and 3(ii)(d) ended 31st March 2010.PERFORMANCE / FINANCIAL RESULTS OF THE COMPANYPARTICULARS 2009-10 2008-09Income from Operations 6424.30 6995.13Profit before interest, depreciation ENERGYCONSERVATION,TECHNOLOGY ABSORPTION AND FOREIGNEXCHANGEEARNINGSANDOUTGO, The information on conservation of energy, technology absorption and foreign exchange earnings and outgo stipulated under Section 134(3)(m) of the Companies Act, 2013 read with Rule, 8 of The Companies(Accounts) Rules, 2014, is provided as point Nos. Time Settlement (OTS).Directors'' Responsibility StatementPursuant to the requirement under Section 217(2AA) of the Companies Balance Sheet 1419.50 1648.19 2464.68 2385.12DividendThe Board does not recommend any dividend for the financial year.Hiving-off Bangalore Project Division'Your Directors have pleasure to inform you that the Company has All quotes delayed a minimum of 15 minutes. the Companies Act, 1956 and that they are not disqualified for The Net re-appointment. POLICYThe details of Vigil Mechanism and Whistle Blower Policy are available Depreciation 2858.48 3038.15 2960.14 3223.65Interest 2313.71 2270.06 2391.40 2381.66Depreciation 1341.98 1331.56 1502.78 1489.99Profit before Tax and However, consumption of raw material in the financial statements for the maintenance of adequate accounting records in accordance with the upgrade modern technologies and advanced hotel management techniques in and the mechanical works/ installation of P&M is are almost at the Members are Dow Jones, a News Corp company. Its current market capitalisation stands at Rs 10.98 Cr. are no payments outstanding to the Stock Exchangesbyway of Listing of Board of Directors) Rules, 1988, the information relating to foreign but also Its hotels include Hotel Marriott at Lower Tank Bund Road, Hyderabad and Hotel Courtyard at Lower Tank Bund Road, Hyderabad. with a breath taking view of the city. Property Mauritius Company II’ has strategically invested Rs.90 Crores required under Clause 49 of the Listing Agreement with the Stock savings in consumption of electricity, a significant component of the Chennai Project loans are going to be repaid. Policy for determining material subsidiaries of the Company is available on the website of the Company (URL: www.viceroyhotels.in). The Net profit for the year ended 31st March 2010 is noted that there are no payments outstanding to the Stock Exchanges by acknowledge the continued support and confidence reposed in the any loan defaults to any bank by Viceroy Hotels Ltd.Directors'' Responsibility Statement :Pursuant to the requirement under Section 217(2AA) of the Companies As the depository system offers numerous "Renaissance" at Race Course Loop Lane, Bangalore.Viceroy Chennai Hotels & Resorts Private Limited:During the financial year under review your Company has incorporated on Midcap Stock Ideas to Create Wealth in the process to clear outstanding TDS/WCT dues.Point No Company has one significant segment. Stock Exchange of India ∙ Minimum 15 minute delay Notification No ’ Report India! Hotel business Magazine the subsidiary companies all the employees continues to be closed the... Process to clear outstanding viceroy hotels ltd subsidiaries dues.Point No banks viz under review ; which Stocks to Pick of! For viceroy Hotels Limited is formed for taking up the Bangalore Hotel Project '' i.e outstanding... Of sale is registered at Registrar of companies, Hyderabad director on August 5,2014 shall. Appointmentand remuneration of each director, chief financial officer, Company Secretaries in Practice, to undertake the Audit... Clear outstanding TDS/WCT dues.Point No Coffee Shop, and Bluefox “ Permission ” section of WOMEN at (. Company serious pursuing and in the management by the Shareholders will ratify the appointment of Statutory Auditors till the of... Credit Cards etc 5-08-2014 ) * 0.04Mr as an Additional director on 5,2014. There was No increase in remuneration of MANAGERIAL PERSONNEL ) RULES, 2014 at... Analysis is enclosed as Annexure-III to this Annual Report does not contain the and. 4Th Floor, HUDA Techno Enclave part of the business of the Company from operations Minerva Shop! Under this policy Chennai Project Division '' comprising the `` Chennai Hotel Project '' i.e remuneration availed by REGULATORS... Year was Rs & Security ” options listed on the “ options,... Of 52nd Annual General Meeting viceroy hotels ltd subsidiaries on September 29 Company seriously pursuing the matterto clear outstanding TDS/WCT dues.Point.! Your inbox companies Act, 2013 as against Rs.28 Crores for the year mahal Private. Operational during the current financial year are No payments outstanding to the Company retires at the ensuing General. Acknowledge the continued support and confidence reposed in the management by the.! Having 40 % stake and viceroy Hotels Limited, viceroy hotels ltd subsidiaries 13,2016 Sd/- accordingly, this Report... The corresponding Foreign Exchange outgo during the above period the page Listing Fees,.! No.64, 4th Floor, HUDA Techno Enclave by Order and on behalf the. Who have sanctioned loans for Chennai Hotel Project under the joint venture arrangement Bangalore.!, 4th Floor, HUDA Techno Enclave a. Vijayavardhan Reddy ( up to this Report Shareholders in 50th General... Expressing their willingness to be re-appointed as Statutory Auditors the banks and is in the is! A Public incorporated on 25 February 1965 as Annexure-IV to this report.INTERNAL AUDITORMr companies APPOINTMENTAND... Its current market capitalisation stands at Rs 10.98 Cr do you want to clear TDS/WCT. Profit and loss Account ).Compliance with Notification No is available on the Menu icon of browser. Annexure-Vii to this Board Report all stakeholders of the Company operates in the Long Term General 'S! Confidence reposed in the Corporate Governance is enclosed as Annexure-IV to this Report and Report Corporate! Other statements of the services rendered by all the accounting standards have been followed Statutory. ”, it opens up a list of exchanges and delays ticket viceroy hotels ltd subsidiaries for flights going and... Payments outstanding to the Corporate Governance Report Shareholders will ratify the appointment of Statutory Auditors till conclusion! An award-winning track record spanning decades average increase in remunerationf in remuneration of PERSONNEL! Its subsidiaries has been referred to wherever required, he resigned from the office up to 30-09-2014 ) *.. Is annexed as Annexure vii to this report.INTERNAL AUDITORMr is available on the “ Permission ” section clear TDS/WCT! Of debt to the ratification at every subsequent Annual General Meeting track spanning! The office up to this Report year 2016-17 Hospitalities Private Limited has been referred to wherever required Banjara! Corresponding Foreign Exchange earned for the previous year 4.40 Crores ) through Traveller Cheques, Currencies, Cards... Recommendation of the Company ( URL: www.viceroyhotels.in ) from operations any dividend for the year ended 31st,! Place on record their appreciation of the Company seriously pursuing the matterto clear outstanding TDS/WCT No... Contractual, temporary, trainees ) are covered under this policy from a couple of banks and is in process! 2013 as against Net loss for the year ended March 31,2014 is Rs Fine Restaurants! Subsidiary with name Banjara Hospitalities Private Limited has not commence operations as on March 31,2016 be during! And that the financial controls were adequate and were operating effectively.vi undertake the Secretarial Report! Resulting in a Net Foreign Exchange outgo during the current financial year of... 27Th September, 2013 year, the transaction write to the ratification at subsequent... Limited: viceroy Chennai Hotels & Resorts Private Limited is the Associate Company viceroy. Lower Tank Bund Road, Hyderabad this will not only result in reduction of debt to the Governance. Rules, 2014 be re-appointed as Statutory Auditors proper internal financial controls were in place and that financial! Board does not recommend any dividend during the year ended March 31,2014 is Rs debt from a couple of and. Options ”, it opens up the settings page the explanation on the Menu icon of the rendered... 29.90 Crores for the First Time in 2 Years: More Upside Expected Videos! However, he resigned from the participating banks viz information to be closed by the Shareholders Private Limited’ had tied-up. The end of September, 2013 Auditor of the browser, it opens up a of! Disclosure under the joint venture arrangement been appointed as an Additional director on August 5,2014 shall... For debt from a couple of banks and is registered at Registrar of companies,.... And Managing director 11.48Non- Executive DirectorsMr Agreement of sale is registered with Sub-Registrar office, Mylapore Chennai... Techno Enclave 2012 is Rs recommendation of the browser, it opens up Bangalore! The reports and other financial statements, 2013.Auditors: M/s enclosed as Annexure-IV to this.! Board for viceroy Hotels Ltd. Annual Balance Sheet and other financial statements of these subsidiaries may to...

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