MIRA INFORM REPORT

Report Date :

13.05.2014

IDENTIFICATION DETAILS

Name :	EIH LIMITED (w.e.f. 01.11.1997)
Formerly Known As :	EAST INDIA HOTELS LIMITED
Registered Office :	4, Mangoe Lane, Kolkata - 700001, West Bengal
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	26.05.1949
Com. Reg. No.:	21-017981
Capital Investment / Paid-up Capital :	Rs. 1143.140 Millions
CIN No.: [Company Identification No.]	L55101WB1949PLC017981
TAN No.: [Tax Deduction & Collection Account No.]	CALT00271F
PAN No.: [Permanent Account No.]	AAACE6898B
Legal Form :	A Public Limited Liability company. The company’s Shares are Listed on the Stock Exchanges.
Line of Business :	The company is engaged in hotel business.
No. of Employees :	Information Decline by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 100000000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. There seems sharp dip in the profit of the company during 2013 however, net worth of the company is satisfactory. General financial position of the company is good. Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct and as per commitment. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

US investment bank Goldman Sachs has upgraded its outlook on Indian markets as it expects positive impact of the election cycle.

India’s economy may grow 4.7 % in the current financial year, lower than the official estimate of 4.9 %, Fitch Rating said. The global rating agency expects the economy to pick up in the next two financial years.

Global ratings agency Standard & Poor said increasing focus by India Inc on lowering debt is likely to improve their credit profiles.

Singapore (1.1 million Indian tourists in 2012), Thailand (one million), the United Arab Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays hotspots for Indians. The total figure is expected to increase to 1.93 million by 2017, according to the latest Eurmonitor international report.

There is a $29.34 bn outward foreign direct investment by domestic companies between April and January of 2013/14 which has seen some signs of recovery according to a Care Ratings report.

There are 264 number of new companies being set up every day on average during 2014. Most of them are registered in Mumbai. India had 1.38 million registered companies at the end of January, 2014.

Twitter like messaging service Weibo Corporation has filed to raise $ 500 million via a US initial public offering. Alibaba, which owns a stake in Weibo is expected to raise about $ 15 billion New York this year in the highest profile Internet IPO since Facebook’s in 2012.

Bharti Airtel has raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at a coupon rate of three per cent and maturing in 2020. This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon rate in February.

Indian Oil Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odhisha in three to four years. The company board is set to consider the setting up of a 700000 tonne per annum polypropylene plant at an estimated cost at Rs.3150 crore.

Global chief information officers at gathering in Bangalore in April to meet Indian startups at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION DECLINED

Management non-cooperative. (Tel. No.: 91-33-22486751)

LOCATIONS

Registered Office :	4, Mangoe Lane, Kolkata - 700001, West Bengal, India
Tel. No.:	91-33-22486751/ 55/ 40002200
Fax No.:	91-33-22486785
E-Mail :	eihcal@giascl01.vsnl.net.in eihdp@vsnl.com isdho@eihho.com amho@eihho.com isdho@oberoigroup.com
Website :	http://www.oberoihotel.com www.eihltd.com
Hotels owned and managed by EIH Limited :	The Oberoi, Mumbai The Oberoi, New Delhi The oberoi, Bangalore The Oberoi Grand, Kolkata The Oberoi Udaivilas, Udaipur The oberoi Vanyavilas, Ranthambhore Trident, Bandra Kurla, Mumbai Trident, Bandra Kurla, Mumbai
Hotels managed by EIH Limited :	The Oberoi, Gurgaon Trident, Gurgaon.
Hotels owned through Subsidiary/Associate Companies and managed by EIH Limited	· The Oberoi Amarvilas, Agra · Trident, Chennai · The Oberoi Rajvilas, Jaipur · Trident, Agra · Wildflower Hall, Himalayas (An Oberoi Resort) · Trident, Jaipur · Trident, Udaipur · The Oberoi Cecil, Shimla · Trident, Cochin · The Oberoi, Sahl Hasheesh · Trident, Bhubaneswar · The Oberoi, Bali · The Oberoi, Lombok · The Oberoi, Mauritius
Other Business Units owned and managed by EIH Limited :	· Motor Vessel Vrinda, Cochin (A Luxury Cruiser) · Maidens Hotel, Delhi · Printing Press, Manesar, Gurgaon · Oberoi Flight Services Located at Mumbai, Delhi, Chennai, Kolkata · Oberoi Airport Services Located at Mumbai, Delhi, Chennai, Kolkata, Cochin, Bangalore · Luxury Car Hire · Business Aircraft Charters

DIRECTORS

As on: 31.03.2013

Name :	Mr. Prithviraj Singh Oberoi
Designation :	Chairman and Chief Executive
Address :	Villa Aashiana, Kapashera Bijwasan, New Delhi - 110 037, India
Date of Appointment :	27.06.2012
DIN No :	00051894

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U55101WB1946PTC014548	OBEROI HOTELS PRIVATE LIMITED	Director	29-04-51	29-04-51	-	Active	NO
2	U63040WB1948PLC016503	MERCURY TRAVELS LIMITED	Director	28-02-52	28-02-52	-	Active	NO
3	L55101WB1949PLC017981	EIH LIMITED	Whole-time director	27-06-12	30-03-61	-	Active	NO
4	U45205WB1972PTC028275	OBEROI PROPERTIES PRIVATE LIMITED	Director	14-03-72	14-03-72	-	Active	NO
5	U70101WB1972PTC028276	OBEROI HOLDINGS PRIVATE LIMITED	Director	14-03-72	14-03-72	-	Active	NO
6	U70101WB1972PTC028274	OBEROI BUILDINGS & INVESTMENTS PRIVATE LIMITED	Director	14-03-72	14-03-72	-	Active	NO
7	U55101DL1972PTC006078	OBEROI HOTELS (INTERNATIONAL) PRIVATE LIMITED	Director	26-04-72	26-04-72	-	Strike off	NO
8	L92490TN1983PLC009903	EIH ASSOCIATED HOTELS LIMITED	Director	07-10-88	07-10-88	-	Active	NO
9	U55101WB1989PLC047462	INDUS HOTELS CORPORATION LIMITED.	Managing director	10-03-90	10-03-90	-	Amalgamated	NO
10	U74899DL1992PTC050556	OBEROI CAMAR CO PRIVATE LIMITED	Director	08-10-92	08-10-92	-	Strike off	NO
11	U70101WB1972PTC028273	OBEROI INVESTMENTS PRIVATE LIMITED	Director	06-11-93	06-11-93	-	Active	NO
12	U55101KL1994PLC007951	OBEROI KERALA HOTELS AND RESORTS LTD	Director	01-06-94	01-06-94	-	Active	NO
13	U28920TN1994PTC029091	ETA ENGINEERING PRIVATE LIMITED	Director	31-10-94	31-10-94	25-07-07	Active	NO
14	U63011WB1995PLC068029	MERCURY CAR RENTALSLIMITED	Director	03-02-95	03-02-95	-	Active	NO
15	U55101TN1972PLC075041	ISLAND HOTEL MAHARAJ LIMITED	Director	05-05-95	05-05-95	-	Amalgamated	NO
16	U85110KA1993PTC013943	BALAMURIE ISLAND RESORT PRIVATE LIMITED	Director	28-09-95	28-09-95	30-03-09	Active	NO
17	U55101HP1995PLC017440	MASHOBRA RESORT LIMITED	Director	13-12-95	13-12-95	-	Active	NO
18	U55101MP1996PLC010955	RAJGARH PALACE HOTEL AND RESORTS LIMITED	Director	24-06-96	24-06-96	-	Amalgamated	NO
19	U93090KA1996PTC020699	CCA LEISURE SERVICES PRIVATE LIMITED.	Director	26-06-96	26-06-96	-	Strike off	NO
20	U55101WB1990PLC095270	MUMTAZ HOTELS LIMITED	Director	04-07-97	04-07-97	-	Active	NO
21	U74200WB1981PTC090742	ARAVALI POLYMERS PRIVATE LIMITED	Director	28-07-98	28-07-98	-	Converted to LLP and dissolved	NO
22	U92419WB1995PLC074734	MERCURY HIMALAYAN EXPLORATIONS LIMITED	Director	03-10-00	03-10-00	-	Active	NO
23	U67120WB1984PTC037589	OBEROI PLAZA PRIVATE LIMITED	Director	15-04-03	15-04-03	-	Active	NO
24	U67190WB1985PTC038355	OBEROI LEASING AND FINANCE CO PRIVATE LIMITED	Director	15-04-03	15-04-03	-	Active	NO
25	U65921WB1991PTC051424	BOMBAY PLAZA PRIVATE LIMITED	Director	15-04-03	15-04-03	-	Active	NO
26	L99999MH1992PLC066213	JET AIRWAYS (INDIA) LIMITED	Director	29-03-04	29-03-04	30-01-09	Active	NO
27	U74999DL2006PTC156167	MIRJANA JEWELS PRIVATE LIMITED	Director	04-12-06	04-12-06	-	Active	NO
28	U45100AP1996PLC025994	GOLDEN JUBILEE HOTELS LIMITED	Director	29-09-08	24-03-08	-	Active	NO
29	U55101TN2006PLC061668	L&T Bangalore Airport Hotel Limited	Director	26-08-09	19-09-08	29-03-12	Active	NO
30	U74900WB2009PLC134522	EIH FLIGHT CATERING SERVICES LIMITED	Director	08-04-09	08-04-09	-	Strike off	NO
31	AAA-2027	ARAVALI POLYMERS LLP	Designated Partner	13-08-10	13-08-10	-	Active	NO
32	AAB-2695	OBEROI INTERNATIONAL LLP	Body corporate as Designated Partner	19-12-12	19-12-12	-	Active	NO

Name :	Mr. Shib Sanker Mukherji
Designation :	Vice Chairman
Address :	6, Lansdowne Place, Kolkata - 700 029, West Bengal, India
Date of Appointment :	27.06.2012
DIN No :	00103770

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L92490TN1983PLC009903	EIH ASSOCIATED HOTELS LIMITED	Director	07-10-88	07-10-88	-	Active	NO
2	U55101WB1989PLC047462	INDUS HOTELS CORPORATION LIMITED	Director	10-03-90	10-03-90	-	Amalgamated	NO
3	U70101WB1972PTC028273	OBEROI INVESTMENTS PRIVATE LIMITED	Director	26-11-90	26-11-90	-	Active	NO
4	U63040WB1948PLC016503	MERCURY TRAVELS LIMITED	Director	15-12-93	15-12-93	15-10-07	Active	NO
5	U85110KA1993PTC013943	BALAMURIE ISLAND RESORT PRIVATE LIMITED	Director	28-09-95	01-06-94	30-03-09	Active	NO
6	U55101KL1994PLC007951	OBEROI KERALA HOTELS AND RESORTS LIMITED	Director	01-06-94	01-06-94	-	Active	NO
7	U55101TN1972PLC075041	ISLAND HOTEL MAHARAJ LIMITED	Director	05-05-95	05-05-95	-	Amalgamated	NO
8	U55101HP1995PLC017440	MASHOBRA RESORT LIMITED	Director	13-12-95	13-12-95	-	Active	NO
9	U93090KA1996PTC020699	CCA LEISURE SERVICES PRIVATE LIMITED.	Director	26-06-96	26-06-96	-	Strike off	NO
10	U70101WB1972PTC028276	OBEROI HOLDINGS PRIVATE LIMITED	Director	28-06-96	28-06-96	-	Active	NO
11	U45205WB1972PTC028275	OBEROI PROPERTIES PRIVATE LIMITED	Director	28-06-96	28-06-96	-	Active	NO
12	U63011WB1995PLC068029	MERCURY CAR RENTALS LIMITED	Director	25-08-98	25-08-98	-	Active	NO
13	L55101WB1949PLC017981	EIH LIMITED	Whole-time director	27-06-12	28-05-99	-	Active	NO
14	U70101WB1972PTC028274	OBEROI BUILDINGS & INVESTMENTS PRIVATE LIMITED	Director	28-08-07	27-08-07	-	Active	NO
15	U55101WB1946PTC014548	OBEROI HOTELS PVT.LTD.	Additional director	30-10-08	28-08-07	27-01-09	Active	NO
16	U45100AP1996PLC025994	GOLDEN JUBILEE HOTELS LIMITED	Director	29-09-08	24-03-08	20-11-10	Active	NO
17	U74900WB2009PLC134522	EIH FLIGHT CATERING SERVICES LIMITED	Director	08-04-09	08-04-09	-	Strike off	NO
18	U91990WB1907GAP001754	THE BENGAL CLUB LIMITED	Director	27-03-10	27-03-10	-	Active	NO

Name :	Mr. Vikram Oberoi
Designation :	Chief Operating Officer and Joint Managing Director
Address :	Suite 150, The Oberoi, Dr Zakir Hussain Marg, New Delhi - 110 003, Delhi, India
Date of Appointment :	01.07.2009
DIN No :	00052014

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U55101WB1946PTC014548	OBEROI HOTELS PRIVATE LIMITED	Director	01-12-91	01-12-91	-	Active	NO
2	L55101WB1949PLC017981	EIH LIMITED	Managing director	01-07-09	15-12-93	-	Active	NO
3	U74899DL1970PTC005350	VIKRAMADITYA EXPORTS PRIVATE LIMITED	Director	16-11-96	16-11-96	-	Active	NO
4	L92490TN1983PLC009903	EIH ASSOCIATED HOTELS LIMITED	Managing director	23-06-10	22-03-97	-	Active	NO
5	U74200WB1981PTC090742	ARAVALI POLYMERS PRIVATE LIMITED	Director	28-07-98	28-07-98	-	Converted to LLP and dissolved	NO
6	U70101WB1972PTC028274	OBEROI BUILDINGS & INVESTMENTS PRIVATE LIMITED	Director	25-07-01	25-07-01	-	Active	NO
7	U45205WB1972PTC028275	OBEROI PROPERTIES PRIVATE LIMITED	Director	27-07-01	27-07-01	-	Active	NO
8	U70101WB1972PTC028273	OBEROI INVESTMENTS PRIVATE LIMITED	Director	27-07-01	27-07-01	-	Active	NO
9	U70101WB1972PTC028276	OBEROI HOLDINGS PRIVATE LIMITED	Director	27-07-01	27-07-01	-	Active	NO
10	U55101MP1996PLC010955	RAJGARH PALACE HOTEL AND RESORTS LIMITED	Director	27-07-01	27-07-01	-	Amalgamated	NO
11	U55101WB1990PLC095270	MUMTAZ HOTELS LIMITED	Director	25-01-02	25-01-02	-	Active	NO
12	U67190WB1985PTC038355	OBEROI LEASING AND FINANCE CO PRIVATE LIMITED	Director	15-04-03	15-04-03	-	Active	NO
13	U67120WB1984PTC037589	OBEROI PLAZA PRIVATE LIMITED	Director	15-04-03	15-04-03	-	Active	NO
14	U65921WB1991PTC051424	BOMBAY PLAZA PRIVATE LIMITED	Director	15-04-03	15-04-03	-	Active	NO
15	U55101TN1972PLC075041	ISLAND HOTEL MAHARAJ LIMITED	Director	10-09-07	26-09-06	-	Amalgamated	NO
16	U55101HP1995PLC017440	MASHOBRA RESORT LIMITED	Alternate director	06-12-08	17-04-08	21-09-12	Active	NO
17	U45100AP1996PLC025994	GOLDEN JUBILEE HOTELS LIMITED	Alternate director	09-12-08	09-12-08	-	Active	NO
18	U22110MH1984PTC031783	B I PUBLICATIONS PRIVATE LIMITED	Additional director	31-08-09	31-08-09	-	Active	NO
19	AAA-2027	ARAVALI POLYMERS LLP	Designated Partner	13-08-10	13-08-10	-	Active	NO

Name :	Mr. Arjun Oberoi
Designation :	Chief Planning Officer and Joint Managing Director
Address :	61-A, Friends Colony, New Delhi - 110 065, Delhi, India
Date of Appointment :	01.07.2009
DIN No :	00052106

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U55101WB1946PTC014548	OBEROI HOTELS PRIVATE LIMITED	Director	06-11-92	06-11-92	-	Active	NO
2	L55101WB1949PLC017981	EIH LIMITED	Managing director	01-07-09	15-12-93	-	Active	NO
3	U55101MP1996PLC010955	RAJGARH PALACE HOTEL AND RESORTS LIMITED	Director	31-07-97	31-07-97	-	Amalgamated	NO
4	U74200WB1981PTC090742	ARAVALI POLYMERS PRIVATE LIMITED	Director	28-07-98	28-07-98	-	Converted to LLP and dissolved	NO
5	U55101HP1995PLC017440	MASHOBRA RESORT LIMITED	Managing director	24-04-09	04-12-98	-	Active	NO
6	U74899DL1992PTC050556	OBEROI CAMAR CO PRIVATE LIMITED	Director	28-10-99	28-10-99	-	Strike off	NO
7	U70101WB1972PTC028274	OBEROI BUILDINGS & INVESTMENTS PRIVATE LIMITED	Director	25-07-01	25-07-01	-	Active	NO
8	U45205WB1972PTC028275	OBEROI PROPERTIES PRIVATE LIMITED	Director	27-07-01	27-07-01	-	Active	NO
9	U70101WB1972PTC028273	OBEROI INVESTMENTS PRIVATE LIMITED	Director	27-07-01	27-07-01	-	Active	NO
10	U70101WB1972PTC028276	OBEROI HOLDINGS PRIVATE LIMITED	Director	27-07-01	27-07-01	-	Active	NO
11	U55101WB1990PLC095270	MUMTAZ HOTELS LIMITED	Director	25-01-02	25-01-02	-	Active	NO
12	U67190WB1985PTC038355	OBEROI LEASING AND FINANCE CO PRIVATE LIMITED	Director	15-04-03	15-04-03	-	Active	NO
13	U67120WB1984PTC037589	OBEROI PLAZA PRIVATE LIMITED	Director	15-04-03	15-04-03	-	Active	NO
14	U65921WB1991PTC051424	BOMBAY PLAZA PRIVATE LIMITED	Director	15-04-03	15-04-03	-	Active	NO
15	U45100AP1996PLC025994	GOLDEN JUBILEE HOTELS LIMITED	Director	18-06-11	20-11-10	-	Active	NO

Name :	Mr. Santosh Kumar Dasgupta
Designation :	Director
Address :	3 D, 3rd Floor, 17A, Central Road, Jadavpur, Kolkata - 700 032, West Bengal, India
Date of Appointment :	30.10.2000
DIN No :	00038804

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U26994OR1992PLC003132	ORIND EXPORTS LIMITED.	Director	01-04-94	01-04-94	01-04-12	Active	NO
2	L50103WB1920PLC003679	FRENCH MOTOR CAR CO LIMITED	Director	29-09-00	29-09-00	-	Active	NO
3	L55101WB1949PLC017981	EIH LIMITED	Director	30-10-00	30-10-00	-	Active	NO
4	U17297WB1940PLC010328	BENGAL WATERPROOF LIMITED	Director	08-12-03	08-12-03	20-02-09	Active	NO
5	U45309WB2006PLC109285	BENGAL SUNNY ROCK ESTATES HOUSING DEVELOPMENT COMPANY LIMITED	Director	08-06-06	08-06-06	-	Active	NO

Name :	Mr. Anil Nehru
Designation :	Director
Address :	71 Sector-9, Union Territory, Chandigarh - 160 009, Chandigarh, India
Date of Appointment :	23.11.2002
DIN No :	00038849

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L55101WB1949PLC017981	EIH LIMITED	Director	23-11-02	23-11-02	-	Active	NO
2	L92490TN1983PLC009903	EIH ASSOCIATED HOTELS LIMITED	Director	22-11-04	22-11-04	-	Active	NO
3	U24111UP1984PLC006565	SANAT PRODUCTS LIMITED	Director	13-02-06	13-02-06	-	Active	NO
4	U74899DL1992PLC050587	AYURVET LIMITED	Director	30-09-06	24-02-06	-	Active	NO
5	L35999TN1936PLC002202	RANE HOLDINGS LIMITED	Additional director	06-02-13	06-02-13	-	Active	NO

Name :	Mr. Rajan Biharilal Raheja
Designation :	Director
Address :	"Rahejas", 87/1, G. B. Marg, Juhu, Mumbai - 400 049, Maharashtra, India
Date of Appointment :	27.06.2002
DIN No :	00037480

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U70100MH1973PTC016772	VIJAY RAHEJA BUILDERS PRIVATE LIMITED	Director	14-03-76	14-03-76	-	Active	NO
2	U45202MH1979PTC021177	BRINDABAN BUILDERS PRIVATE LIMITED	Director	06-04-79	06-04-79	-	Active	NO
3	U45200MH1981PTC025009	R. RAHEJA PROPERTIES PRIVATE LIMITED	Director	17-08-81	17-08-81	-	Active	NO
4	U55200MH1974PLC017128	JUHU BEACH RESORTS LIMITED	Director	29-12-83	29-12-83	-	Active	NO
5	U70100MH1982PTC027471	AMBER APARTMENT MAKERS PRIVATE LIMITED	Director	19-03-89	19-03-89	-	Active	NO
6	L23200MH1989PLC054633	SUPREME PETROCHEM LIMITED	Director	14-12-89	14-12-89	-	Active	NO
7	U65990MH1990PTC056710	VARAHAGIRI INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	31-05-90	31-05-90	-	Active	NO
8	U70200MH1990PTC056723	PENINSULA ESTATES PRIVATE LIMITED	Director	01-06-90	01-06-90	-	Active	NO
9	U65990MH1990PTC056736	MATSYAGANDHA INVESTMENT AND FINANCE PRIVATE LIMITED	Director	04-06-90	04-06-90	-	Active	NO
10	U65990MH1990PTC057724	CORONET INVESTMENTS PRIVATE LIMITED	Director	29-07-91	29-07-91	-	Active	NO
11	L31402WB1947PLC014919	EXIDE INDUSTRIES LIMITED	Director	12-12-91	12-12-91	-	Active	NO
12	U67120MH1986PTC042025	R RAHEJA INVESTMENTS PRIVATE LIMITED	Director	18-08-92	18-08-92	29-03-10	Active	NO
13	U55101WB1989PLC047462	INDUS HOTELS CORPORATION LIMITED	Director	17-09-92	17-09-92	-	Amalgamated	NO
14	U65990MH1993PTC072713	HATHWAY INVESTMENTS PRIVATE LIMITED	Director	06-07-93	06-07-93	26-03-10	Active	NO
15	U26900MH1958PLC011013	H. & R. JOHNSON (INDIA) LIMITED	Director	10-09-93	10-09-93	-	Amalgamated	NO
16	L92490TN1983PLC009903	EIH ASSOCIATED HOTELS LIMITED	Director	15-12-93	15-12-93	-	Active	NO
17	U45200MH1992PTC066474	GLOBUS STORES PRIVATE LIMITED	Director	24-01-94	24-01-94	26-03-10	Active	NO
18	L65192MH1960PLC011579	FUTURA POLYESTERS LIMITED	Director	17-02-94	17-02-94	12-04-08	Active	NO
19	L26942AP1992PLC014033	PRISM CEMENT LIMITED	Director	01-04-94	01-04-94	-	Active	NO
20	U99999MH1982PTC027327	R.B.R. CONSTRUCTIONS PRIVATE LIMITED	Director	04-04-94	04-04-94	-	Active	NO
21	U51900MH1986PTC040462	GSTAAD TRADING COMPANY PVT LTD	Director	04-04-94	04-04-94	-	Active	NO
22	U70100MH1982PTC027329	BRINDABAN LAND DEVELOPMENT PRIVATE LIMITED	Director	04-04-94	04-04-94	-	Active	NO
23	U45202MH1990PTC056724	COLONNADE HOUSING PRIVATE LIMITED	Director	04-04-94	04-04-94	-	Active	NO
24	U51900MH1990PTC056719	BAY-SIDE EXPORTS PRIVATE LIMITED	Director	04-04-94	04-04-94	-	Active	NO
25	U92132KL1992PLC006725	ASIANET SATELLITE COMMUNICATIONS LIMITED	Director	14-09-94	14-09-94	24-03-10	Active	NO
26	U67190MH1995PTC093356	FRANKLIN TEMPLETON ASSET MANAGEMENT (INDIA) PRIVATE LIMITED	Director	06-10-95	06-10-95	03-04-07	Active	NO
27	U26955MH1996PTC100741	RMC READYMIX (INDIA) PRIVATE LIMITED	Director	03-07-96	03-07-96	-	Amalgamated	NO
28	U67120MH1986PTC040463	MANALI INVESTMENT AND FINANCE PRIVATE LIMITED	Director	24-07-96	24-07-96	-	Active	NO
29	U45200MH1982PTC027357	PRERANA BUILDERS PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
30	U45202MH1990PTC056709	PANCHALI BUILDERS PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
31	U65990MH1990PTC056810	KUNTIPUTRA PROPERTIES PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
32	U45202MH1990PTC056713	KAUNTEYA BUILDERS PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
33	U65990MH1990PTC056812	KUNTINANDAN CONTRACTORS AND DEVELOPERS PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
34	U65990MH1990PTC056814	KAUNTEYA CONTRACTORS AND DEVELOPERS PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
35	U65990MH1986PTC041757	LAVINA CONTRACTORS AND DEVELOPERS PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
36	U45205MH1982PTC027403	AMEETA GRIHNIRMAN PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
37	U45202MH1982PTC027408	BELLVNE CONSTRUCTIONS PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
38	U70101MH1990PTC056811	CHANDRAMOULI FINANCE AND ESTATES PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
39	U45200MH1990PTC056720	CRESCENT PROPERTY DEVELOPERS PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
40	U65990MH1990PTC056728	COLONNADE CONTRACTORS AND DEVELOPERS PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
41	U67120MH1987PTC042595	VILLA CAPRI DEVELOPERS PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
42	U45202MH1990PTC056717	VIDUR CONSTRUCTIONS PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
43	U51900MH1990PTC056718	SHORELINE EXPORTS PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
44	U67120MH1987PTC042594	SHIRAZ REALTORS PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
45	U51900MH1990PTC056737	SEA-SIDE EXPORTERS PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
46	U45200MH1982PTC027305	R B R ESTATES AND FINANCE PRIVATE LIMITED	Director	09-06-98	09-06-98	-	Active	NO
47	L72200MH1994PLC082110	SONATA SOFTWARE LIMITED	Director	14-07-98	14-07-98	09-04-08	Active	NO
48	U67120MH1988PTC049753	WINDSOR REALTY PRIVATE LIMITED	Director	07-04-99	07-04-99	-	Active	NO
49	U45203MH1998PTC115093	BEACH PLAZA CONTRACTORS AND DEVELOPERS PRIVATE LIMITED	Director	07-04-99	07-04-99	26-03-10	Active	NO
50	U24233KA1997PTC022383	ARDEX ENDURA (INDIA) PRIVATE LIMITED	Director	24-03-00	24-03-00	27-04-10	Active	NO
51	L64204MH1959PLC011421	HATHWAY CABLE AND DATACOM LIMITED	Director	07-09-00	07-09-00	-	Active	NO
52	U67190MH1994PTC078231	SPUR CABLE AND DATACOM PRIVATE LIMIITED	Director	07-09-00	07-09-00	26-03-10	Active	NO
53	U67120MH1986PTC040476	BLOOMINGDALE INVESTMENT AND FINANCE PRIVATE LIMITED	Director	26-03-01	26-03-01	-	Active	NO
54	U45200MH1990PTC056706	EXCELSIOR CONSTRUCTION PRIVATE LIMITED	Director	26-03-01	26-03-01	26-03-10	Active	NO
55	U65990MH1992PTC068082	TROPHY INVESTMENT AND FINANCE PRIVATE LIMITED	Director	26-03-01	26-03-01	26-03-10	Active	NO
56	U67120MH1992PTC066494	GSTAAD INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	24-11-01	24-11-01	26-03-10	Active	NO
57	U70101MH1990PTC056813	ARJUN HOUSING PRIVATE LIMITED	Director	03-05-02	03-05-02	-	Active	NO
58	L55101WB1949PLC017981	EIH LIMITED	Director	27-06-02	27-06-02	-	Active	NO
59	U24110MH2001PLC134105	INNOVASSYNTH TECHNOLOGIES (INDIA ) LIMITED	Director	12-09-03	12-09-03	25-06-08	Active	NO
60	U65993MH2005PTC155684	ARKO DEALERS PRIVATE LIMITED	Director	26-08-05	26-08-05	27-03-10	Active	NO
61	U67120MH1995PTC086142	BESTOW CONTRACTORS AND DEVELOPERS PRIVATE LIMITED	Director	29-08-05	29-08-05	27-03-10	Active	NO
62	U51909MH2005PTC155996	ARKO ENTERPRISES PRIVATE LIMITED	Director	12-09-05	12-09-05	27-03-10	Active	NO
63	U52110KA1999PTC067372	FOODWORLD SUPERMARKETS Private LIMITED	Director	29-12-06	15-09-05	26-06-07	Active	NO
64	U52599KA1996PTC067554	Health & Glow Retailing Private Limited	Director	29-12-06	16-09-05	26-06-07	Active	NO
65	U66010KA2000PLC028273	ING VYSYA LIFE INSURANCE COMPANY LIMITED	Director	28-10-05	28-10-05	-	Active	NO
66	U67120MH1992PTC066495	OUTLOOK PUBLISHING (INDIA) PRIVATE LIMITED	Director	30-08-06	30-08-06	26-03-10	Active	NO
67	U01110MH1990PTC056727	BRINDABAN AGRO INDUSTRIES PRIVATE LIMITED	Director	24-11-06	24-11-06	-	Active	NO
68	U67120MH1998PTC114377	ING INVESTMENT MANAGEMENT (INDIA) PRIVATE LIMITED	Director	13-04-07	13-04-07	-	Active	NO
69	U72900MH2005PTC154875	ING Financial Services Private Limited	Director	28-09-07	27-04-07	18-03-10	Active	NO
70	U92130MP2007PTC019845	Hathway Bhaskar Multinet Private Limited	Nominee director	30-04-08	30-04-08	-	Active	NO

Name :	Mr. Lakshminarayan Ganesh
Designation :	Director
Address :	Door No. 5A, Valliammai Achi Road, Kotturpuram, Chennai - 600 085, Tamil Nadu, India
Date of Appointment :	30.01.2008
DIN No :	00012583

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L35999TN1936PLC002202	RANE HOLDINGS LIMITED	Managing director	01-04-11	26-06-86	-	Active	NO
2	L35999TN1964PLC005276	RANE BRAKE LININGS LIMITED	Director	26-09-86	26-09-86	-	Amalgamated	NO
3	U35999TN1987PLC014600	RANE TRW STEERING SYSTEMS LIMITED	Nominee director	03-07-87	03-07-87	-	Active	NO
4	L34103TN1967PLC005539	RANE ENGINE VALVES LIMITED	Managing director	10-04-89	10-04-89	-	Amalgamated	NO
5	L85110TN1936PLC071646	KAR MOBILES LIMITED	Director	06-01-94	06-01-94	-	Active	NO
6	L92490TN1983PLC009903	EIH ASSOCIATED HOTELS LIMITED	Director	23-03-94	23-03-94	-	Active	NO
7	U29141TN1995PLC030621	RANE NSK STEERING SYSTEMS LIMITED	Nominee director	22-03-95	22-03-95	-	Active	NO
8	U65993TN1982PLC009748	RANE INVESTMENTS LIMITED	Director	26-06-95	26-06-95	-	Amalgamated	NO
9	U51909DL1991PLC042645	JMA RANE MARKETING LIMITED	Director	26-04-97	26-04-97	-	Active	NO
10	L74999TN1972PLC006127	RANE ENGINE VALVE LIMITED	Managing director	01-04-11	29-03-99	-	Active	NO
11	L65993TN2004PLC052856	RANE (MADRAS) LIMITED	Director	31-03-04	31-03-04	-	Active	NO
12	U27104TN1996PLC060251	RANE DIECAST LIMITED	Nominee director	17-08-05	17-08-05	-	Active	NO
13	L63011TN2004PLC054948	RANE BRAKE LINING LIMITED	Director	22-07-08	18-06-07	-	Active	NO
14	L55101WB1949PLC017981	EIH LIMITED	Director	30-01-08	30-01-08	-	Active	NO
15	U72900KA2007PLC044415	SASMOS HET TECHNOLOGIES LIMITED	Director	26-07-12	03-11-11	-	Active	NO

Name :	Mrs. Nita Mukesh Ambani
Designation :	Director
Name :	Mrs. Renu Sud Karnad
Designation :	Director
Name :	Mr. Manoj Harjivandas Modi
Designation :	Director
Name :	Mr. Rajeev Gupta
Designation :	Director

KEY EXECUTIVES

Name :	Mr. S. N. Sridhar
Designation :	Company Secretary and compliance officer

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 31.03.2014

Category of Shareholder	Total No. of Shares	Total Shareholding as a % of Total No. of Shares
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	26352663	4.61
Bodies Corporate	175083466	30.65
Sub Total	201436129	35.26
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	201436129	35.26
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	667754	0.12
Financial Institutions / Banks	945543	0.17
Insurance Companies	68583067	12.01
Foreign Institutional Investors	6651812	1.16
Sub Total	76848176	13.45
(2) Non-Institutions
Bodies Corporate	216422395	37.89
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 million	63065861	11.04
Individual shareholders holding nominal share capital in excess of Rs. 0.100 million	11375047	1.99
Any Others (Specify)	2088776	0.37
Non Resident Indians	1589905	0.28
Foreign Nationals	38953	0.01
Trusts	18933	0.00
Directors & their Relatives & Friends	435	0.00
Clearing Members	440550	0.08
Sub Total	292952079	51.28
Total Public shareholding (B)	369800255	64.74
Total (A)+(B)	571236384	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	333030	0.00
Sub Total	333030	0.00
Total (A)+(B)+(C)	571569414	0.00

BUSINESS DETAILS

Line of Business :

The company is engaged in hotel business.

GENERAL INFORMATION

No. of Employees :

Information Decline by the management

Bankers :

· ICICI Bank Limited

· The Hong Kong and Shanghai Banking Corporation Limited

· United Bank of India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2013	As on 31.03.2012
Long Term Borrowings
ICICI Bank Limited (ICICI)	1400.000	1800.000
Long Term maturity of Finance Lease Obligations	42.820	103.210
Short-Term Borrowings
The Hong Kong and Shanghai Banking Corporation Limited (HSBC)	200.000	0.000
ICICI Bank Limited (ICICI)	1000.000	0.000
United Bank of India	621.660	11.110
The Hong Kong and Shanghai Banking Corporation Limited (HSBC)	132.300	89.830
Total	3396.780	2004.150
Note: PARTICULARS OF TERM LOANS : (i) Term Loan from ICICI carries interest at the rate of 1.5% above bank’s base rate, repayable in quarterly installments of Rs. 100 million each. Repayment will be complete in July 2017. (ii) The Finance Lease obligations are secured by hypothecation of vehicles taken under Lease. Repayments are done by equated monthly installment over 36 to 60 months. PARTICULARS OF SECURITIES : Term loan from ICICI is secured by way of equitable mortgage by deposit of title deeds in respect of the Company’s hotel in Delhi known as Maidens Hotel, ranking pari passu. PARTICULARS OF SHORT TERM BORROWINGS : Cash credit facilities and short term loan from HSBC are secured by way of hypothecation of all Stock of Inventories, book debts and other current assets of the company, both present and future, ranking pari passu. Cash credit with United Bank of India is additionally secured by way of second charge in respect of the company’s hotel in Kolkata known as the Oberoi Grand. Cash Credit is repayable on demand and carries interest at floating rate linked to the base rates of the respective banks. Short term loan from ICICI is secured by way of equitable mortgage by deposit of title deeds in respect of the Company’s hotel in Delhi known as Maidens Hotel, ranking pari passu. Short term loan from ICICI carries interest at the rate of 1.75% above bank’s base rate and short term loan from HSBC carries interest at the rate of 11.25%

Banking Relations :	--
Auditors :
Name :	Ray and Ray Chartered Accountants
Address :	6, Church Lane, Kolkata - 700 001, West Bengal, India
Subsidiary Companies :	Mercury Car Rentals Limited, India Mashobra Resort Limited, India Oberoi Kerala Hotels and Resorts Limited, India Mumtaz Hotels Limited, India EIH Flight Services Limited, Mauritius EIH International Limited, British Virgin Islands EIH Holding Limited, British Virgin Islands EIH Marrakech Limited, British Virgin Islands J and W Hongkong Limited, Hongkong Oberoi Turtle Bay Limited, Mauritius EIHH Corporation Limited, Hongkong EIH Investments NV, Netherlands Antilles EIH Management Services BV, The Netherlands PT Widja Putra Karya, Indonesia PT Waka Oberoi Indonesia, Indonesia PT Astina Graha Ubud, Indonesia
Associates and Joint Ventures :	EIH Associated Hotels Limited, India L and T Bangalore Airport Hotel Limited, India Golden Jubilee Hotels Limited, India Oberoi Mauritius Limited, British Virgin Islands
Enterprises in which Key Management Personnel have significant influence :	Oberoi Hotels Private Limited, India Oberoi Properties Private Limited, India Oberoi Holdings Private Limited, India Oberoi Investments Private Limited, India Oberoi Buildings and Investments Private Limited, India Oberoi Plaza Private Limited, India Bombay Plaza Private Limited, India Oberoi Leasing and Finance Company Private Limited, India Aravali Polymers LLP, India

CAPITAL STRUCTURE

As on: 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1500000000	Equity Share	Rs.2/- each	Rs.3000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
571569414	Equity Share	Rs.2/- each	Rs.1143.140 Millions

NOTES:

a) Reconciliation of Share Capital:

Particulars	31.03.2013
	Number of Shares	Rs. In Millions
Balance at the beginning of the year	571569414	1143.140
Add : Shares issued on Rights basis	-	--
Balance at the end of the year	571569414	1143.140

The Company has one class of equity shares having a par value of Rs. 2 per share. These shares rank pari passu in all respects including voting rights and entitlement to dividend.

Shares held by Shareholders holding more than 5 percent shares in the Company:

Particulars	31.03.2013
	Number of Shares	% holding
Reliance Industries Investment and Holding Private Limited	105,907,273	18.53
ITC Limited	85,621,473	14.98
Oberoi Hotels Private Limited	83,646,328	14.63
Life Insurance Corporation of India	34,747,348	6.08
Oberoi Holdings Private Limited	35,257,278	6.17
Oberoi Investments Private Limited	29,968,293	5.24

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1,143.140	1,143.140	1,143.140
(b) Reserves & Surplus	25,106.100	25,208.360	24,734.840
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	26,249.240	26,351.500	25,877.980
(3) Non-Current Liabilities
(a) long-term borrowings	1,442.820	1,903.210	5,348.630
(b) Deferred tax liabilities (Net)	1,738.870	1,631.700	1,499.040
(c) Other long term liabilities	32.540	72.590	133.840
(d) long-term provisions	128.640	124.370	115.330
Total Non-current Liabilities (3)	3,342.870	3,731.870	7,096.840
(4) Current Liabilities
(a) Short term borrowings	1,953.960	100.940	0.000
(b) Trade payables	675.800	568.730	553.380
(c) Other current liabilities	1,569.560	1,782.940	4,201.830
(d) Short-term provisions	617.290	756.940	637.730
Total Current Liabilities (4)	4,816.610	3,209.550	5,392.940
TOTAL	34,408.720	33,292.920	38,367.760
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	21,162.570	20,150.500	20,607.450
(ii) Intangible Assets	4.180	1.840	2.100
(iii) Capital work-in-progress	399.800	1,594.650	1,011.480
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	7,057.300	6,163.570	6,051.390
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	3,214.880	3,134.230	2,799.050
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	31,838.730	31,044.790	30,471.470
(2) Current assets
(a) Current investments	0.000	116.900	0.000
(b) Inventories	341.150	331.210	336.740
(c) Trade receivables	1,735.630	1,411.740	1,256.470
(d) Cash and cash equivalents	203.640	119.580	5,942.810
(e) Short-term loans and advances	251.950	257.330	345.280
(f) Other current assets	37.620	11.370	14.990
Total Current Assets	2,569.990	2,248.130	7,896.290
TOTAL	34,408.720	33,292.920	38,367.760

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
	Income		11,334.980	11,166.750	10,275.050
	Other Income		435.090	455.360	1,154.440
	TOTAL (A)		11,770.070	11,622.110	11,429.490
Less	EXPENSES
	Consumption of provisions, wines and others		1,686.310	1,548.720	1,385.120
	Employees benefits expense		3,289.340	3,180.000	3,150.560
	Other expenses		4,350.890	3,979.690	3,568.430
	Exceptional items		150.660	(111.460)	44.180
	Extraordinary items		116.960	0.000	0.000
	TOTAL (B)		9,594.160	8,596.950	8,148.290
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)		2,175.910	3,025.160	3,281.200
Less	FINANCIAL EXPENSES (D)		450.130	544.110	1,551.940
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1,725.780	2,481.050	1,729.260
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1,007.480	931.070	874.350
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		718.300	1,549.980	854.910
Less	TAX (I)		208.660	325.790	209.510
	PROFIT/ (LOSS) AFTER TAX (G-I) (J)		509.640	1,224.190	645.400
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		3,368.230	3,014.720	3,083.200
Less	APPROPRIATIONS
	Transfer to General Reserve		150.000	150.000	128.080
	Dividend		514.410	628.730	514.410
	Tax on Dividend		67.500	91.940	71.390
	Total (M)		731.910	870.670	713.880
	BALANCE CARRIED TO THE B/S		3,145.960	3,368.240	3,014.720
	EARNINGS IN FOREIGN CURRENCY
		On Sales (as per return submitted to DGFT)	4689.160	4499.570	3861.390
		Consultation Fees	50.880	37.730	19.850
		Sale of printing materials	29.390	92.390	57.910
		Dividend	55.300	0.000	856.140
	TOTAL EARNINGS		4824.730	4629.690	4795.290
	IMPORTS
		Provisions, Wines and Others	81.920	99.210	88.930
		Stores & Spares	26.120	39.450	20.880
		Capital Goods	140.170	425.290	306.150
	TOTAL IMPORTS		248.210	563.950	415.960
	Earnings Per Share (Rs.)		1.10	2.14	1.63

QUARTERLY RESULTS

PARTICULARS	30.06.2013 1^st Quarter	30.09.2013 2^nd Quarter	31.12.2013 3^rd Quarter
Audited / Unaudited	Unaudited	Unaudited	Unaudited
Net Sales	2711.600	2664.500	3549.500
Total Expenditure	2253.200	2376.800	2558.400
PBIDT (Excl OI)	458.400	287.700	991.100
Other Income	63.500	135.000	1.700
Operating Profit	521.900	422.700	992.800
Interest	100.100	110.900	108.400
Exceptional Items	0.000	118.400	0.000
PBDT	421.800	430.200	884.400
Depreciation	255.700	245.500	247.000
Profit Before Tax	166.100	184.700	637.400
Tax	60.600	49.400	227.200
Provisions and contingencies	0.000	0.000	0.000
Profit After Tax	105.500	135.300	410.200
Extraordinary Items	0.000	(65.000)	0.000
Prior Period Expenses	0.000	0.000	0.000
Other Adjustments	0.000	0.000	0.000
Net Profit	105.500	70.300	410.200

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	4.33	10.53	5.65
Net Profit Margin (PBT/Sales)	(%)	6.34	13.88	8.32
Return on Total Assets (PBT/Total Assets}	(%)	2.67	6.07	2.73
Return on Investment (ROI) (PBT/Networth)		0.03	0.06	0.03
Debt Equity Ratio (Total Debt/Networth)		0.12	0.08	0.21
Current Ratio (Current Asset/Current Liability)		0.53	0.70	1.46

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	1,143.140	1,143.140	1,143.140
Reserves & Surplus	24,734.840	25,208.360	25,106.100
Net worth	25,877.980	26,351.500	26,249.240
long-term borrowings	5,348.630	1,903.210	1,442.820
Short term borrowings	0.000	100.940	1,953.960
Total borrowings	5,348.630	2,004.150	3,396.780
Debt/Equity ratio	0.207	0.076	0.129

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	10,275.050	11,166.750	11,334.980
		8.678	1.507

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	10,275.050	11,166.750	11,334.980
Profit	645.400	1,224.190	509.640
	6.28%	10.96%	4.50%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

MANAGEMENT DISCUSSION AND ANALYSIS:

INDUSTRY STRUCTURE, DEVELOPMENTS AND OUTLOOK:

The global economic growth rate reduced to 3.5% in 2012 compared with 4% in 2011. The situation in India mirrored this global trend. India’s growth rate fell to 5.5% driven by lower industrial production in core sectors, slow internal investment, reduced urban consumption and high inflation. The growth in foreign tourist arrivals to India also reduced from that of the previous two years. The World Travel and Tourism Council forecasts a modest 2% to 4% increase in international tourist volumes in 2013. Furthermore, with the increased supply of hotel rooms, prospects for the year 2013 are subdued for the Indian hospitality sector.

The long term outlook for the Indian hospitality industry continues to be positive. According to the World Travel and Tourism Council, demand for travel and tourism in India will grow annually by 8.2% during the period 2010 to 2019. India’s travel and tourism sector generates more jobs than the mining industry and communication services. India’s middle class of 350-500 million people with a growing disposable income to spend on travel is positive for the hotel industry. This confidence is reflected in substantial planned investments in new hotel projects over the next three years. To keep pace with this growth in travel and tourism, more attention needs to be given to infrastructure development as well as safety and security of tourists, both domestic and international. Visa on arrival from key markets of Europe and North America, better roads and connectivity and a cleaner environment are areas that deserve attention from all stakeholders. While the Cabinet approval of Foreign Direct Investment in aviation is a step in the right direction, more needs to be done for a sector that contributed 6.4% towards India’s Gross Domestic Product in 2012.

FINANCIAL AND OPERATING PERFORMANCE

During the financial year 2012-2013, the Company’s Total Revenue was Rs. 11,770.070 million compared to Rs. 11,622.110 million in the previous year.

Earnings before Interest, Depreciation, Taxation, Exceptional items and Amortisation (EBIDTA) was Rs. 2,443.530 million as compared to Rs. 2,913.700 million in the previous year.

Profit before Tax was Rs. 718.300 million compared to Rs. 1,549.980 million in the previous year. The Profit after Tax was Rs. 509.640 million as compared to Rs. 1,224.190 million in the previous year.

The Company continues to be largely engaged in hospitality and related services.

CONTINGENT LIABILITIES NOT PROVIDED

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
(i) Claims against the Company pending appellate/judicial decisions :
(a) Value Added Tax	20.080	25.920
(b) Income Tax	603.900	528.180
(c) T ax Deducted at Source	14.160	25.880
(d) Service Tax	103.710	64.030
(e) Property Tax	5.930	75.360
(f) Entertainment Tax	10.440	11.620
(g) Customs Duty	429.660	429.660
(h) ESI dues	1.570	12.610
(i) Excise Duty	99.070	99.070
(j) Others	15.360	22.450
(ii) Guarantees :
a. Guarantees given to Banks & Financial Institutions against financial facilities availed by the subsidiary companies.	1089.890	1591.000
b. Counter guarantees issued to banks and remaining outstanding	32.720	30.310

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS WHICH ENDED ON 31^ST DECEMBER 2013

(Rs. In Millions)

Particulars	3 Months Quarter ended	3 Months Quarter ended	9 Months Quarter ended
	31.12.2013	30.09.2013	31.12.2013
	Unaudited	Unaudited	Unaudited
Net Sales / Income from Operation	3486.200	2610.400	8766.200
Other Operating Expenses	63.300	54.100	159.400
Total	3549.500	2664.500	8925.600
Expenditure
a) Consumption of Provision Stores Wires and Others	513.400	442.900	1378.600
b) Employees’ Cost	886.700	903.200	2589.400
c) Depreciation	247.000	245.500	748.200
d) Other Expenditure	1158.300	1030.700	3220.400
Total	2805.400	2622.300	7936.600
Profit/(Loss) from Operations before Other Income, Financial Costs and Exceptional Items	744.100	42.200	989.000
Other Income	1.700	135.000	200.200
Profit/(Loss) from Operations before Other Income, Financial Costs and Exceptional Items	745.800	177.200	1189.200
Finance Costs	108.400	110.900	319.400
Profit/(Loss) from ordinary activities Before Tax and Exceptional Item	637.400	66.300	869.800
Exceptional Item (Net) - Profit	Nil	118.400	118.400
Profit/(Loss) from ordinary activities Before Tax	637.400	184.700	988.200
Tax
Current Tax	141.100	(1.300)	141.800
Deferred tax	86.100	50.700	195.400
Profit/(Loss) from ordinary activities After Tax	410.200	135.300	651.000
Extraordinary Items – Profit / (Loss)	Nil	(65.000)	(65.000)
Net Profit /(Loss) for the Period	410.200	70.300	586.000
Paid – up Equity Share Capital (Face Value – Rupees 2 each)	1143.100	1143.100	1143.100
Reserves excluding Revaluation Reserves
Basic and Diluted Earning per Equity Shares - Rupees
Before Extraordinary Items	0.72	0.24	1.14
After Extraordinary Items	0.72	0.12	1.03
PARTICULARS OF SHAREHOLDING
Public Shareholding
Number of Equity Shares	370212365	370212365	370212365
Percentage of Shareholding	64.77	64.77	64.77
Promoter and Promoter Group’s shareholding pledged
Pledged Number of Shares	Nil	Nil	Nil
Percentage of pledged shares on shareholding of Promoter / Promoter Group	Nil	Nil	Nil
Percentage of pledged on Total Share Capital of the Company	Nil	Nil	Nil
Promoter and Promoter Group’s shareholding non-encumbered
Number of Shares	201391049	201391049	201391049
Percentage of shareholding of Promoter / Promoter Group	100.00	100.00	100.00
Percentage Total Share Capital of the Company	35.23	35.23	35.23

Particulars	3 Months Quarter ended
	31.12.2013
Pending at the beginning of the quarter	2
Received during the quarter	20
Disposed of during the quarter	22
Remaining unresolved at the end of the quarter	Nil

Note:

There are no reportable segments other than hotels as per Accounting Standard (AS-17) on Segment Reporting.

Exceptional Items appearing in 3 months ended September 30, 2013 and December 31,2013 represent profit on sale of a part of the shareholding in Mercury Car Rentals Limited (MCRL) to the other joint venture partner. As a result of this sale, MCRL ceases to be a subsidiary with effect from September 30, 2013. Company's ownership interest in MCRL after the sale is 40%.

An award was given by the Arbitral Tribunal in the dispute between Bangalore International Airport Limited (BIAL) and L&T Bangalore Airport Hotel Limited (BAHL), a joint venture with L&T Urban Infrastructure Limited. Subsequently, BAHL and BIAL came to a mutual understanding which involves both the joint venture partners selling the shares held by them in BAHL, to BIAL. Extraordinary Items appearing in 3 months and 3 months ended September 30, 2013 has been shown in the 9 months ended December 31,2013. The balancing amount of Rs 117.000 millions was shown as an extraordinary item in the year ended March 31,2013.

All earning per shares are not annualised except for the year ended March 31,2013

Figures have been regrouped or rearranged, wherever necessary.

The above Unaudited Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at its Meeting held on January 30, 2014. The Statutory Auditors have carried out a limited review z of the above Financial Results. 

PRESS RELEASE

EIH LIMITED ARM TO RAISE RS 1100.000 MILLIONS VIA RIGHTS ISSUE

EIH Associated Hotels Limited, a part of the Oberoi Group, plans to raise Rs 1100.000 millions by issuing equity shares on a rights basis to its existing shareholders. It plans to utilise the amount for repayment of loans and general corporate purposes, according to a document filed with the Securities and Exchange Board of India (Sebi).

It plans to issue fully paid-up equity shares of face value of Rs 10 each for cash at a fixed price per equity share, including a premium, to raise Rs 1100.000 millions through a rights issue to the existing shareholders, according to the draft letter. However, the number of equity shares to be issued is not known. A senior official from EIH Limited, the parent company of EIH Associated Hotels, said the rights issue would be announced depending on when the company got final observation from the market regulator.

FIXED ASSETS:

• Business Rights (Intangible Assets)
• Freehold Land including Development Cost
• Leasehold Land
• Buildings
• Sanitary Installation
• Plant and Machinery
• Leased Machinery
• Furniture and Fittings
• Vehicles
• Leased Vehicles
• Boats
• Aircrafts

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 59.72
UK Pound	1	Rs. 100.81
Euro	1	Rs. 82.22

INFORMATION DETAILS

Information Gathered by :	PLK
Analysis Done by :	DIV
Report Prepared by :	DPH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	NO
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.