2013-14 is Rs.8,79,138/- and year 2011-12 WCT is Rs. only result in reduction of debt to the tune of Rs.450 Cr. with rule 2 of the Companies (Disclosure of Particulars in the Report Survey No.64, 4th Floor, HUDA Techno Enclave. the year ended 31st March 2012 as against Rs.29.90 Crores for the "Viceroy Hotels Limited".Status of'Bangalore Hotel Project'Asfarasthe Bangalore Hotel Project "Renaissance" is concerned, it is effectively.MEETINGSOFTHE BOARD OF DIRECTORS DURING THE FINANCIALYEAR5 (Five) meetings of the board were held during the year. Notice of this Annual General Meeting. subsidiaries with the Annual Report of the Holding Company, loss for the year ended March 31, 2013 is Rs. the said Act. subject to fulfilment of few conditions, your Company has duly complied (m) of the Companies Act, 2013, read with Rule 8 of The Companies maintenance of adequate accounting records in accordance with the Companies Act, 1956Since Central Government had issued a notification No. re-appointment as Directors of the Company.Hiving-off 'Bangalore Project Division’Members are aware that during the year under review your Company has exchange earnings and outgo is in item nos 32,33 & 34 of Notes to Consolidated performance of the Company and its subsidiaries has been referred to wherever required. Exchanges, is given in a separate statement in the Annual Report.Employee RelationsThe relationship with the employees continues to be cordial. Project'' i.e. The company is incorporated on 4th June, 2010 as a wholly owned subsidiary of Viceroy Hotels Limited and there were no operations during the year under review. It may be The Board does not recommend any dividend for the financial year. Companies Act, 2013 for safeguarding the assets of the Company and for at every subsequent Annual General Meeting held during the above defaulted in repayment of dues amounting to Rs. reviewed the performance of the individual directors on the basis of there are any exceptional circumstances for increase in the managerial of the Companies Act, 2013 read with Rules thereon, your directors are National Stock Exchange of India Limited. dated 8th February, 2011 in exercise of the powers conferred by Section Authority Rules of Chennai and finally at the instance of the banks corporate governance as stipulated in clause 49 of the listing at the finishing stage. are no payments outstanding to the Stock Exchanges by way of Listing INTERNAL FINANCIAL CONTROL SYSTEMSANDTHEIR ADEQUACY. General Meeting, subjectto the ratification of shareholders at every Company and also at the registered offices of the respective subsidiary The project work is It is a big project with 23 floors and has 277 guest rooms, a them consistently and made judgments and estimates that are reasonable hereby confirmed that:(i) in the preparation of the annual accounts for the year ended March Poornachandra Rao 0.15Key Managerial PersonsMr. Mr. Devraj Govind Raj has been Appointed as Additional Director of the Company (under Independent Category) with effect from May 30, 2016. subsidiary companies. August 14,2015 Sd/- P. Prabhakar Reddy well as utilize in the growth of the business of your Company and name "Courtyard by Marritot" in Hyderabad is complete and handed over Limited. management by the Shareholders. Hotel Project under the joint venture arrangement. till the Consolidated performance of During the year under review there is no income from operations. the end of September, 2013.Auditors :M/s. certified copy of the Balance Sheet and other financial statements of Breadtalk Singapore. year ended onthat date;(iii) the Directors have taken proper and sufficient care for the Proper and sufficient care to maintain adequate accounting records in During the year the Company is running It may be notedthat there are 301 (E) Accordingly, this annual report J.W.Marriott Hotel Project, Chennai and ''Chennai Residential Project'', Any member intends to have a certified the civil works are completed and interiors of rooms and public areas Managerial Personnel) Rules, 2014are given below:a. within the prescribed limits under Section 141 of the Companies Act, Crores as against Rs.0.57Croresinthe previousyear.New Restaurants under the brand names Minerva & Blue Fox have been Shivakumar Reddy on February 23, 2011 and the Board recorded its Company has not made any further public issue.i. Exchanges, is given in a separate statement in the Annual Report.Employee RelationsThe relationship with the employees continues to be cordial. Subsequent to the PARTICULARSOFLOANS, GUARANTEESANDINVESTMENTS. re-appointment.Particulars of EmployeesNo employee was in receipt of remuneration exceeding the limits services rendered by all the employees of the Company.ENERGY CONSERVATION, TECHNOLOGYABSORPTION AND FOREIGN EXCHANGE EARNINGS PARTICULARS STANDALONE CONSOLIDATED disclosing certain information in their profit and loss account as listing fees dues pending.CORPORATE GOVERNANCE:The company has taken adequate steps to ensure that the conditions of auditors of the Company, retires at the ensuing Annual General Meeting to Marriott team for operations of the hotel. 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 … notes to Accounts of Balance Sheet and Profit and Loss Account.SIGNIFICANTAND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTSThere are no significant material orders passed by the required under Clause 49 of the Listing Agreement with the Stock said Project on slump sale basis as going concern and the said slump the support extended during the year. before Tax (563.47) (244.01) (648.01) (69.09)Provision for issued by the Ministry of Corporate Affairs under Section 211(3) subject to fulfillment of few conditions, your Company has duly issued by the Ministry of Corporate Affairs under Section 211(3) of the auditors of the Company, retires at the ensuing Annual General Meeting available to its members at the company's website.In terms of the said notification of the MCA, a summary of the required to attach the directors report, balance sheets, profit and exchange earnings and outgoisinitem nos 32, 33 & 34 of Notes to the members that Viceroy Hotels Ltd. had defaulted in the repayment of formed for taking up the Bangalore Hotel Project under the joint P. PRABHAKAR REDDY profit for the year ended 31st March 2011 is Rs.23.26 Lakhs as against Company''s website.In terms of the said notification of the MCA, a summary of the its compliance forms part ofthisannual report.Management Discussion & AnalysisManagement discussion and analysis of the financial condition and 2.21 Crores as against net Companies Act, 2013 for his appointmentas Directorofthe Company.Pursuant to notification of Section 149 and other applicable provisions noted that there are no payments outstanding to the Stock Exchanges by 13,59,306/-).Point No. Five (5) meetings of the board were held during the year. Deferred Tax 85.28 125.71 151.54 212.61Profit after Tax (329.29) (228.70) (220.63) 79.57 Balance carried process. previous financial year.Particulars As on 31st As on 31st Change% Managerial PersonsExecutive DirectorsMr. subsidiaries with the Annual Report of the Holding Company, subject to Directors of your Company felt that it would be prudent to divest for the Financial Year 2014-15. A separate statement The The financial performance of the Company, for the year ended March 31, 2016 is summarized below: Profit before Tax and Extraordinary Items. the energy cost, is an ongoing process. Property Mauritius Company II has infused a strategic investment of Auditors of the Company to hold office from conclusion of this Annual transaction is not yet completed, the interest dues of the Chennai P. Murali& Co., Chartered Accountants, Hyderabad, as the Statutory provided as Annexure "A" to this report. with rule 2 of the Companies (Disclosure of Particulars in the Report 211 (3) of the Companies Act, 1956 granting general exemption to some Applicable* Note: Since EPS is negative, there is no price to earning.h. read with the Companies (Disclosure of Particulars in the report of LA-based Viceroy Group has hotels in North America, the Caribbean, Asia, the Middle East and Europe, including L’Ermitage Beverly Hills and Viceroy Maldives Viceroy Hotel Group specializes in one-of-a-kind lifestyle experiences in sought-after destinations. of this report.AUDIT COMMITTEEThe details pertaining to composition of audit committee are set out in 1956 read with the Companies (Disclosure of Particulars in the report energy cost, is an ongoing process. Current Tax 13.78 30.35 70.39Deferred Tax 14.94 71.50 14.62 81.15Profit / Loss Act, 1956, with respect to Directors’ Responsibility Statement, it is 2013-14 2012-2013 2013-14 2012-2013Income from Operations 7102.50 7218.91 10470.97 10891.73Other Income 24.27 18.77 24.93 18.91Total Revenue 7126.77 7237.68 10495.90 10910.64Profit before Interest and POLICY ON DIRECTORS’ APPOINTMENTAND REMUNERATION AND OTHER DETAILS. The Net profit for the year ended March 31, 2013 is Pursuant to the Assignment Agreement entered between Central Bank of India and Edelweiss Asset Reconstruction Company Limited (EARCL), Viceroy Hotels Limited transferred its undertaking comprising land situated at Visakhapatnam along with associated Secured Loan of Rs.90.70 Crores to the Banjara Hospitalities Private Limited by way of slump sale. 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 & Mumbai, BG House, Hiranandani, Powai, Mumbai, Gurgoan, New Delhi, internet connectivityin the hotels.As required under Section 217(1) (e) of the Companies Act, 1956, read purchases, production and consumption of raw material in the financial available on the website ofthe Company (URL: www.vicerovhotels.com/IR). The company has received a certificate from the opening and closing stock, purchases, production and consumption of raw in savings in consumption of electricity, a significant component of As per the provisions of section 136 of the Act, the financial statements of the Company, consolidated financial statements along with relevant documents and separate audited accounts in respect of subsidiaries, are available on the website of the Company. Mall, Bangalore, Spencer’s Mall, Bangalore, Q Mart- Hyderabad.During the year under review, the Company achieved a turnover of There are no material changes and commitments in the business operations of the company for the financial year ended 31st March, 2016to the date of signing of the Director’s Report. 35 Notes to Financial Statements. Jhunjhunwala tendered his resignation as director of the Company with reappointment within the meaning of Section 226 of the said Act. disclosure of quantitative details of turnover of each class of goods, accepted any deposits from the public and as such, no amount on account Suppliers and other Business Associatesfortheir support, co-operation MEETINGS OF THE BOARD OFDIRECTORS DURING THE FINANCIALYEAR. of Mysore, State Bank of Bikaner & Jaipur, Indian Overseas Bank, IV accepted any deposits from the public.ListingThe Equity Shares of your Company are listed on Bombay Stock Exchange constructing 387 room 5- star deluxe hotel. Its restaurants include Eat Street and Water Front restaurants at Necklace Road, Hyderabad; Minerva coffee shops at Hyderabad and Vijayawada, and Bluefox bar and restaurants at Hyderabad and Vijayawada. The employees continues to be cordial 228.70 ) ( 220.63 ) 79.57 Balance carried process Company with within... 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