DOCSLIB.ORG

What Will It Take for a Revival of the Hospitality Industry After Covid-19 CONTENTS

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
What Will It Take for a Revival of the Hospitality Industry After Covid-19 CONTENTS A bi-monthly magazine by HRAEI | Vol 6 | Issue 1 | May - June 2020 What will it take for a revival of the hospitality industry after Covid-19 CONTENTS BIG INTERVIEW May - June 2020 MR NAVIN In an exclusive interview Mr Suchanti shares his SUCHANTI, success mantra of 12 SINCLAIRS HOTEL building the brand Sinclairs HRAEI FIGHTS 8 THE COVID-19 Association offers isolation rooms to the State Government BIG BLOW 28 The impact of the pandemic on Indian hotel sector is deep, but there's a silver lining in the dark clouds 6 | MYSTIC EAST BIG INTERVIEW: NAVIN SUCHANTI, SINCLAIRS HOTELS I ATTEND EVERY SINGLE HAPPY TO BE OWNERS REVIEW BY OUR GUESTS AND TAKE QUICK REMEDIAL OF FIVE PROPERTIES IN ACTION IF THEY FIND SOMETHING AMISS EASTERN INDIA R NAVIN SUCHANTI, CEO and Managing Director, Sinclairs M Hotels Limited has nearly five decades of diverse experience spanning advertising, public relations, hospitality, administration, finance and taxation. He has held various important positions as committee member of several industry bodies which include Assocham, the Bengal Chamber of Commerce and Industry and HRAEI. He was also a member of Tourism Advisory Council of Government of West Bengal. Sinclairs Hotels Limited owns and operates hotels and resorts at seven places. Gangtok will be soon added to the chain. Also there is a plan to build a 114-key property in New Town, Kolkata. He spoke to Mystic East in an exclusive interview. Q: How did you get into the hospitality business? We already owned a very successful advertising and PR agency with countrywide presence, Pressman Advertising. Pressman had built MR NAVIN SUCHANTI strong brand equity and its forte was – CEO and MD, Sinclairs Hotels Limited high quality service and customer- 12 | MYSTIC EAST May - June 2020 HAPPY TO BE OWNERS TODAY MANY HOTEL COMPANIES HAVE FALLEN OF FIVE PROPERTIES IN IN A DEBT TRAP; NEW ENTREPRENEURS MUST LEARN EASTERN INDIA FROM THEIR MISTAKES centric approach. them profitable. Resort hotels at about where you want a new property The opportunity to acquire a hotel Burdwan, Dooars and Kalimpong are to be located. Connectivity, that is, company came our way some time greenfield projects and they all are ease of getting into the destination by in the late 1980s. Both my brother destinations of delight for domestic guests is one important consideration. Dr Niren Suchanti and I thought that and foreign guests. We are primarily in leisure section of this was a good fit with our existing Today I am happy to state that the tourism. Our aim is to choose a place business by way of sustained high company has no debts and each of the with natural bounties so that our quality service and focus on customer seven units are profitable. visitors can unwind the stress they go delight. In March 1990, we acquired Every time we build a resort through in everyday life and return Sinclairs with two hotels at Siliguri and property, we pay a lot of attention refreshed and rejuvenated. Darjeeling. to make it blend seamlessly with When we built the Burdwan the surrounding environment. The property, our consideration was that Q: How many hotels do you own way we go about planting trees and between Howrah and Asansol, you at this point and how many do you designing flower beds as part of our don’t have a good hotel. Burdwan manage (but not owned by you). green initiative come in for much also lacked in high quality banqueting Since acquiring Sinclairs, the number appreciation of our guests. facilities till we arrived. of hotels that we own has grown Come April this year, we will into seven. These are at Burdwan, commission a 60-room boutique Q: What is the USP of a Sinclairs Darjeeling, Dooars, Kalimpong, Ooty, hotel property – Sinclairs Gangtok. hotel? Port Blair and Siliguri. Gangtok will The eighth property in our chain is a To me it’s of paramount importance soon be added to our chain. leased property, as you may be aware that any guest staying in a Sinclairs Darjeeling, Siliguri, Ooty and that under Article 371F of the Indian property must return with memories Port Blair were acquired as sick Constitution, non-Sikkimese cannot to cherish and share with others. The properties making losses and there buy properties in Sikkim. management challenge then is to were default in payment of bank build a culture among the staff to offer and institutional loans. We invested Q: How do you identify a location a kind of service to guests from the in refurbishment of these properties of a hotel? point of arrival to departure that will and introduced new management Quite a few factors will be in play delight her or him. and operational systems to make when it comes to taking a decision You will have an idea of how good is MYSTIC EAST | 13 BIG INTERVIEW: NAVIN SUCHANTI, SINCLAIRS HOTELS Kanchenjungha Room at Sinclairs Darjeeling the service by doing a periodic review We are quite happy to be owners way of realising tourism potential of guest feedback at every property. I of five of the seven properties in of north-east is connectivity issue personally see what guests have to say this part of the country. And soon and infrastructure that needs about their stay experience. This gives we shall be commissioning the development. On more than once me an insight into guest likes and Gangtok hotel and that will complete occasion, Prime Minister Mr Narendra dislikes. In fact, every single review the circuit. Whatever may be the Modi has spoken about the need to is attended to by me. The important misgivings about the region in some promote tourism in that part of the thing here is to take quick remedial quarters, we have done well here country. action if guests find something amiss. and our experience with the local What gives me much satisfaction governments, district and other Q: What is the status of your is all the seven Sinclairs resorts officials has been excellent. We find upcoming hotel in New Town and hotels enjoy high ranking by the government in the state and local Kolkata? Tell us something about TripAdvisor, the bellwether of tourism authorities responsive to our needs. this new property. industry. While properties at Burdwan Being born in Kolkata and having We have the land in a strategic and Dooars have got top ranking, the lived here, I know the region and its location. The plan was to build an one at Port Blair and Kalimpong is potential pretty well. upmarket 114 room business hotel placed second and Darjeeling third. for which we already have a sanction. Siliguri is ranked seventh while Ooty is Q: Do you think that north-eastern The hotel is designed by a leading ninth ranked. part of India has a huge untapped Architect firm from USA. But because potential in the hospitality sector? of the large inventory of rooms built Q: Most of your hotels are I can’t agree more. Riches of nature up in the last few years, we have put in eastern India. What are the in north-east and distinctive cultures our New Town project on hold. We are advantages or disadvantages of and many unique local crafts in the waiting for the right opportunity to running a hotel in these parts of the region will always be a big pull for give shape to the project. country? tourists. What, however, stands in the Q: Do you prefer to set up 14 | MYSTIC EAST May - June 2020 Burra Sahib Kothi at Sinclairs Retreat, Dooars greenfield projects? Is this the right optimal. Anytime is good time to do a level at Sinclairs, 40 per cent of the time to invest in such projects in new hotel project. total staff members have clocked in India? ten to 20 years with us. The country has so much tourism Q: How do you handle labour potential unexplored that it offers problems or attrition in your Q: What is your advice to a budding immense scope for hospitality business? entrepreneur in hospitality? groups to build greenfield properties To me labour problem is a This is a growing industry as also go for acquisitions. Both offer misnomer. At Sinclairs, everyone which offers opportunities to new good scope. The centre and the is treated as a member of a big entrepreneurs. But they have to be states are keen to promote tourism family and she or he is given very careful in reviewing any projects for revenue generation and creation respect. When an individual has that they may take up, especially of jobs requiring a variety of skills. the sense of belonging, they will location and cost. These should be India offers a diverse portfolio of put the best foot forward. I have thoroughly analysed and then only the niche tourism products from leisure always believed that more than project should be implemented. The to business to adventure to medical money people want respect and financial mix to invest in the project is tourism. As domestic and foreign recognition for good work. They also important and leveraging should traffic for each niche segment will also want their career to progress be very conservative. Today many grow, the hotel industry will have in an ideal work environment, hotel companies have fallen in a debt to be ready with sufficient numbers which Sinclairs offers. trap and it is therefore necessary for of rooms as also all supportive Attrition is a challenge. In our case, the new entrepreneurs to learn from infrastructure. however, the attrition rate is lower their mistakes.
Load more

Recommended publications
  • Annual Report 2006-2007
    annual report 2006-2007 SINCLAIRS SINCLAIRS HOTELS LIMITED •6 www.reportjunction.coms -. *•-., / / ^(/^ // /• </> The four Sinclairs hotels and a resort are as much a destination for luxury vacation, as for conferences, seminars and meetings. Located at Dar/eeling, Siligun, Port Blair, Ooty and Chalsa where nature remains unspoilt, each Sinclairs hotel is a welcome relief from life's rigours. For the wonders of nature and the pleasures of retreat, Sinclairs is the destination. www.reportjunction.com SINCLAIRS HOTELS LIMITED BOARD OF DIRECTORS Dr Niren Suchanti, Chairman S M Borar Prabir Chakravarti Sushil Kumar Mor Navin Suchanti, CEO and Managing Director Vikash Kuthari, Wholetime Director COMPANY SECRETARY TK Banerjee CHIEF ACCOUNTANT BLSoni AUDITORS Mookherjee, Biswas & Pathak Chartered Accountants REGISTERED OFFICE 56A, MirzaGhalib Street Kolkata 700 016 CORPORATE OFFICE Pressman House, 10A Lee Road, Kolkata 700 020 Phone:22801317-20 Fax:(033)22800813 Email: [email protected] HOTELS & RESORTS Hotel Sinclairs, Siliguri Hotel Sinclairs, Darjeeling Hotel Sinclairs Bay View, Port Blair Hotel Sinclairs, Ooty Sinclairs Retreat Dooars, Chalsa REGISTRAR & TRANSFER AGENT Niche Technologies Pvt Ltd D-511, Bagree Market 71, BRB Bose Road (Canning Street) Kolkata 700 001 Phone : 2234 3576, 2235 7270/7271 Fax: 2215 6823 Email: [email protected] WEBSITE www.sinclairshotels.com www.reportjunction.com SINCLAIRS HOTELS LIMITED Notice is hereby given that the Thirty-fifth Annual General Meeting of 2. The Register of Members and the Share Transfer Register will remain the company will be held at Rotary Sadan, 94/2, Jawahar Lai Nehru Road, closed from Monday the 10th September, 2007 to Saturday, the 15th Kolkata 700 020 on Saturday, the 15th September, 2007 at 10.30 a.m.
    [Show full text]
  • Appellate Jurisdiction
    Appellate Jurisdiction Daily Supplementary List Of Cases For Hearing On Thursday, 24th of December, 2020 CONTENT SL COURT PAGE BENCHES TIME NO. ROOM NO. NO. HON'BLE CHIEF JUSTICE THOTTATHIL B. 1 On 24-12-2020 1 RADHAKRISHNAN 1 DB -I HON'BLE JUSTICE ARIJIT BANERJEE Not Sitting HON'BLE JUSTICE SANJIB BANERJEE 16 On 24-12-2020 2 2 HON'BLE JUSTICE ARIJIT BANERJEE DB - II At 12:15 PM HON'BLE JUSTICE SANJIB BANERJEE 16 On 24-12-2020 3 13 HON'BLE JUSTICE KAUSIK CHANDA DB - II At 02:00 PM HON'BLE JUSTICE I. P. MUKERJI 3 On 24-12-2020 4 14 HON'BLE JUSTICE KAUSIK CHANDA DB - III At 10:45 AM HON'BLE JUSTICE HARISH TANDON 2 On 24-12-2020 5 15 HON'BLE JUSTICE KAUSIK CHANDA DB- IV Not Sitting HON'BLE JUSTICE SOUMEN SEN 12 On 24-12-2020 6 21 HON'BLE JUSTICE SAUGATA BHATTACHARYYA DB-V At 10:45 AM HON'BLE JUSTICE JOYMALYA BAGCHI 28 On 24-12-2020 7 23 HON'BLE JUSTICE SUVRA GHOSH DB - VI At 10:45 AM HON'BLE JUSTICE SUBRATA TALUKDAR 5 On 24-12-2020 8 30 HON'BLE JUSTICE ANIRUDDHA ROY DB - VII At 10:45 AM 25 On 24-12-2020 9 HON'BLE JUSTICE TAPABRATA CHAKRABORTY 31 SB - I At 10:45 AM 4 On 24-12-2020 10 HON'BLE JUSTICE ARINDAM SINHA 36 SB - II At 10:45 AM 6 On 24-12-2020 11 HON'BLE JUSTICE ARIJIT BANERJEE 50 SB - III At 02:00 PM 38 On 24-12-2020 12 HON'BLE JUSTICE ASHIS KUMAR CHAKRABORTY 53 SB - IV At 10:45 AM 30 On 24-12-2020 13 HON'BLE JUSTICE SHIVAKANT PRASAD 54 SB - V At 10:45 AM 13 On 24-12-2020 14 HON'BLE JUSTICE RAJASEKHAR MANTHA 59 SB - VI At 10:45 AM 8 On 24-12-2020 15 HON'BLE JUSTICE SABYASACHI BHATTACHARYYA 73 SB - VII At 10:45 AM 39 On 24-12-2020 16 HON'BLE JUSTICE MOUSHUMI BHATTACHARYA 108 SB - VIII At 02:00 PM 26 On 24-12-2020 17 HON'BLE JUSTICE SHEKHAR B.
    [Show full text]
  • LETTER of OFFER This Document Is Important and Requires Your Immediate Attention
    LETTER OF OFFER This Document is important and requires your immediate attention This Letter of Offer is sent to you as a shareholder(s) of Sinclairs Hotels Limited (“Target Company”). If you require any clarifications about the action to be taken, you may consult your stockbroker or investment consultant or Manager/Registrar to the Offer. In case you have recently sold your shares in the Target Company, please hand over this Letter of Offer and the accompanying Form of Acceptance- cum- Acknowledgement, Form of Withdrawal and Transfer Deed to the purchaser of the shares of the Target Company or the member of stock exchange through whom the said sale was effected. OPEN OFFER By XANDER INVESTMENT HOLDING X, LIMITED (“Acquirer”) having its registered office at Les Cascades, Edith Cavell Street, Port Louis, Republic of Mauritius. Tel. No.: + (230) 212 9800 Fax. No.: + (230) 212 9833, E-mail: - [email protected] to the shareholders of SINCLAIRS HOTELS LIMITED (“Target Company”) having its registered office at 56A Mirza Ghalib Street, Kolkata-700016 and corporate office at 10A, Lee Road, Kolkata-700020 Tel. No.: +91-33-2280-1317/18/19/20. Fax No.: +91-33-2280-0813, E-mail: - [email protected] for the acquisition of 12,13,045 fully paid-up equity shares of Rs.10/- each, representing 20% of the emerging voting capital at a price of Rs. 172.50 per share (“Offer Price”) payable in cash, in accordance with Regulation 20(2)(a) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereof (herein referred to as the “Regulations”), from the equity shareholders of the Target Company.
    [Show full text]
  • Sinclairs Hotels Ltd Sector - Hotels & Restaurants Report Date: 09 Jun 2014
    STAKEHOLDERS EMPOWERMENT SERVICES Sinclairs Hotels Ltd www.sinclairshotels.com Sector - Hotels & Restaurants Report Date: 09 Jun 2014 Sinclairs Hotels Ltd Sinclairs Hotels Ltd | BSE Code: 523023 | Market Data as on Date: 11 June 2014 Current Price (Rs) 305.00 Market Cap (Rs. Crores) 169.89 Book Value (Rs) 117.50 52 Week High (Rs) 393.00 Shares Outstanding 55,70,000 P/B Ratio 2.60 52 Week Low (Rs) 213.60 Beta - Sensex 0.14 Earnings Per Share (Rs) 7.12 Face Value per Share (Rs) 10.00 Dividend Yield (%) 6.43 P/E Ratio 42.84 Company Info: Sinclairs Hotels Limited is in the hospitality industry and has hotels / resort at Siliguri, Darjeeling and Chalsa in West Bengal, at Ooty in Tamilnadu and at Port Blair in Andaman and Nicobar Islands. The Company’s hotels and resorts include Savannah Sinclairs, Bengaluru, Sinclairs Siliguri, Sinclairs Darjeeling, Sinclairs Retreat Dooars, Chalsa, Sinclairs Bayview, Port Blair and Sinclairs Retreat Ooty. On October 31, 2011 the Company had acquired majority Interest in Savannah Hotels Private Limited. Peer Comparison Shareholding Pattern 3.51% 3.51% 3.10% 4.67% 4.86% 0.04% Sinclairs Hotel Indian Hotels Jindal Hotels 0.04% 0.04% 0.04% 0.04% 44.21% 44.21% 45.02% 43.45% 43.45% Sales 6.16 577.72 8.47 PAT 0.71 (365.46) 0.71 Equity 5.57 80.75 6.00 EPS 1.39 (4.53) 1.18 52.24% 52.24% 51.84% 51.84% 51.65% OPM 33.27 (47.84) 33.21 NPM 11.44 (63.26) 8.34 * Peers are grouped according to sector and market cap Mar-14 Dec-13 Sep-13 Jun-13 Mar-13 Promoter FII DII Others Quarterly Review - Mar 14: The company has recorded revenues of Rs 6.16 Crores during the current quarter as against Rs 5.78 Crores for the corresponding quarter last year.
    [Show full text]
  • List of Nodal Officer
    List of Nodal Officer Designa S.No tion of Phone (With Company Name EMAIL_ID_COMPANY FIRST_NAME MIDDLE_NAME LAST_NAME Line I Line II CITY PIN Code EMAIL_ID . Nodal STD/ISD) Officer 1 VIPUL LIMITED [email protected] PUNIT BERIWALA DIRT Vipul TechSquare, Golf Course Road, Sector-43, Gurgaon 122009 01244065500 [email protected] 2 ORIENT PAPER AND INDUSTRIES LTD. [email protected] RAM PRASAD DUTTA CSEC BIRLA BUILDING, 9TH FLOOR, 9/1, R. N. MUKHERJEE ROAD KOLKATA 700001 03340823700 [email protected] COAL INDIA LIMITED, Coal Bhawan, AF-III, 3rd Floor CORE-2,Action Area-1A, 3 COAL INDIA LTD GOVT OF INDIA UNDERTAKING [email protected] MAHADEVAN VISWANATHAN CSEC Rajarhat, Kolkata 700156 03323246526 [email protected] PREMISES NO-04-MAR New Town, MULTI COMMODITY EXCHANGE OF INDIA Exchange Square, Suren Road, 4 [email protected] AJAY PURI CSEC Multi Commodity Exchange of India Limited Mumbai 400093 0226718888 [email protected] LIMITED Chakala, Andheri (East), 5 ECOPLAST LIMITED [email protected] Antony Pius Alapat CSEC Ecoplast Ltd.,4 Magan Mahal 215, Sir M.V. Road, Andheri (E) Mumbai 400069 02226833452 [email protected] 6 ECOPLAST LIMITED [email protected] Antony Pius Alapat CSEC Ecoplast Ltd.,4 Magan Mahal 215, Sir M.V. Road, Andheri (E) Mumbai 400069 02226833452 [email protected] 7 NECTAR LIFE SCIENCES LIMITED [email protected] SUKRITI SAINI CSEC NECTAR LIFESCIENCES LIMITED SCO 38-39, SECTOR 9-D CHANDIGARH 160009 01723047759 [email protected] 8 ECOPLAST LIMITED [email protected] Antony Pius Alapat CSEC Ecoplast Ltd.,4 Magan Mahal 215, Sir M.V. Road, Andheri (E) Mumbai 400069 02226833452 [email protected] 9 SMIFS CAPITAL MARKETS LTD.
    [Show full text]
  • Sinclairs Hotels and Transportation Limited
    ANNUAL REPORT 2004-2005 SINCLAIRS HOTELS AND TRANSPORTATION LIMITED www.reportjunction.com SANSCO SERVICES - Annual Reports Library Services - www.sansco.net fof a The four Sinclairs hotels and a resort are as much a destination for luxury vacation, as for conferences, seminars and meetings. Located at Darjeeling, Siliguri, Port Blair, Ooty and Chalsa where nature remains unspoilt, each Sincfat'rs hotel is a welcome relief from life's rigours. For the wonders of nature and the pleasures of retreat, Sinclairs is the destination, www.reportjunction.com SANSCO SERVICES - Annual Reports Library Services - www.sansco.net BOARD OF DIRECTORS Dr Niren Suchanti - Group Chairman Navin Suchanti - Chairman S M Borar Prabir Chakravarti Sushil Kumar Mor Vikash Kuthari COMPANY SECRETARY Ms Ruma Suchanti CHIEF ACCOUNTANT B L Soni AUDITORS Mookherjee Biswas & Pathak Chartered Accountants REGISTERED OFFICE 56A Mirza Ghalib Street Kolkata 700 016 CORPORATE OFFICE Pressman House 10A Lee Road Kolkata 700 020 Phones: 2280 1317-20 e-mail : [email protected] HOTELS & RESORTS Hotel Sinclairs, Siliguri Hotel Sinclairs, Darjeeling Hotel Sinclairs Bay View, Port Blair Hotel Sinclairs, Ooty Sinclairs Retreat Dooars, Chalsa REGISTRAR & TRANSFER AGENT Niche Technologies Pvt Ltd D-511 Bagree Market 71 B.R.B. Bose Road (Canning Street) Kolkata 700 001 WEBSITE www.sinclairshotels.com www.reportjunction.com SANSCO SERVICES - Annual Reports Library Services - www.sansco.net NOTICE Notice is hereby given that the Thirty-third Annual General Meeting of the company will be held at Rotary Sadan, 94/2, Chowringhee Road, Kolkata 700 020 on Friday, the 12th day of August, 2005 at 10.30 a.m.
    [Show full text]
  • Sinclairs Annual Report 2020-2021.FH10
    July 9, 2021 BSE Limited The Secretary Phiroze Jeejeebhoy Towers The Calcutta Stock Exchange Ltd Dalal Street 7, Lyons Range Mumbai 400 001 Kolkata 700 001 Dear Sir, Sub: Submission of Notice calling 49th Annual General Meeting (AGM) and Annual Report for 2020-2021 Pursuant to Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed the electronic copy of the Notice of the 49th AGM and the Annual Report of the Company for the financial year ended March 31, 2021. The 49th Annual General Meeting will be held on Thursday, August 5, 2021 through Video Conferencing or Other Audio Visual Modes. The Notice and Annual Report for the financial year ended March 31, 2021 have been sent by email to those Members whose email addresses are registered with the Company/Company’s Registrar and Share Transfer Agent (‘RTA’) / Depository Participant(s) (‘Depository’) and the same has also been uploaded on the website of the Company at www.sinclairsindia.com The above information is being given to you in terms of the listing regulations. Thanking you Yours faithfully Srushti Mody Company Secretary Membership No.: A42255 ȱǯȱȱȱǯ 6LQFODLUV%D\YLHZ3RUW%ODLU 6LQFODLUV5HWUHDW.DOLPSRQJ 6LQFODLUV6LOLJXUL 6LQFODLUV5HWUHDW2RW\ 6LQFODLUV'DUMHHOLQJ 6LQFODLUV5HWUHDW'RRDUV 6LQFODLUV%XUGZDQ 6LQFODLUV*DQJWRN 6LQFODLUV+RWHOV/WG $QQXDO5HSRUW Contents Corporate Information 1 Directors' Report 2 Management Discussion and Analysis Report 5 Report on Corporate Governance 18 Independent Auditor's Report 23 Financial Statements 29 SINCLAIRS HOTELS and RESORTS Corporate Information Board of Directors Navin Suchanti, Chairman Dr Niren Suchanti Pramina Suchanti Kunal Bose Dip Narayan Mittra Kumkum Gupta Chief Financial Officer B L Soni Chief Operating Officer Swajib Chatterjee Company Secretary and Compliance Officer Srushti Mody Auditors B S R & Co.
    [Show full text]
  • Sinclairs Annual Report 2019-2020.FH10
    Contents Corporate Information 1 Directors' Report 2 Management Discussion and Analysis Report 5 Report on Corporate Governance 18 Independent Auditor's Report 23 Financial Statement 29 SINCLAIRS HOTELS and RESORTS Corporate Information Board of Directors Navin Suchanti, Chairman Dr Niren Suchanti Kunal Bose Dip Narayan Mittra Kumkum Gupta Chief Financial Officer B L Soni Chief Operating Officer Swajib Chatterjee Company Secretary and Compliance Officer Srushti Mody Auditors B S R & Co. LLP Chartered Accountants (Firm Registration No.101248W/ W-100022) Registered and Corporate Office Pressman House 10A Lee Road Kolkata 700 020 CIN: L55101WB1971PLC028152 Hotels & Resorts Sinclairs Siliguri Sinclairs Darjeeling Sinclairs Retreat Dooars Chalsa Sinclairs Retreat Ooty Sinclairs Bayview Port Blair Sinclairs Retreat Kalimpong Sinclairs Burdwan Sinclairs Gangtok Registrar & Transfer Agent Niche Technologies Pvt Ltd 7th Floor, Room No. 7A & 7B 3A Auckland Place, Kolkata 700017 Hotel Website www.sinclairshotels.com Investor information Website www.sinclairsindia.com Annual Report 2019 -20 Directors Report Dividend Your Directors are pleased to recommend a dividend of 40% Your Directors have pleasure in presenting the Forty-eighth Annual (` 0.80 per equity share of ` 2) for the year 2019-20 amounting Report of the company together with the Audited Accounts for to ` 222.80 lakh. The outgo from payment of dividend will be the year ended 31 March 2020. ` 222.80 lakh. Financial Highlights ` in lakh Transfer to Investor Education and Protection Fund Particulars Current Previous An amount of ` 7.59 lakh being the dividend lying unclaimed for Year Year seven consecutive years out of the interim dividend declared by the Company for the year ended 31 March, 2013 was transferred Total Revenue 4716.66 4958.31 to the Investor Education and Protection Fund (IEPF) of the Central Earnings Before Interest, Government within the stipulated time.
    [Show full text]
  • Five Properties of Sinclairs Hotels to Resume Operations Effective 16Th June, 2021 Only Vaccinated Staff on Duty at All Properties
    PRESS RELEASE Five properties of Sinclairs Hotels to resume operations effective 16th June, 2021 Only vaccinated staff on duty at all properties. 16th June 2021 - Sinclairs Hotels Limited is pleased to announce that the company’s hotels at Siliguri, Dooars, Darjeeling, Kalimpong and Burdwan will resume limited operations effective 16th June 2021. This follows the relaxation in restrictions announced by the Government of West Bengal on 14th June 2021. The other three hotels at Gangtok, Port Blair and Ooty shall remain closed till 21st June 2021. The Company is awaiting announcement of relaxation of restrictions by the respective State Governments/Union Territory. The company has sponsored the vaccination of all its staff members and a majority of them have been vaccinated. The Company has decided that only vaccinated staff would be on duty at all its properties. With vaccination happening around the country at a fast pace, it is expected that the travel restrictions would soon be eased further and tourist movement all over the country is expected to gain momentum. All the eight Sinclairs properties have been maintained in excellent condition during the closure and with full safety protocols in place are ready and look forward to receive and serve guests again. The hospitality industry analysts expect a rush of travel once the restrictions are eased, on account of the pent- up demand which has virtually brought travel to a halt for well over a year. The Company has been receiving regular enquiries from business and leisure travelers regarding the opening of its properties and expects a surge in bookings as witnessed when the properties opened for business after the first wave of the pandemic.
    [Show full text]
  • Corporate Information
    Corporate Information Board of Directors Dr Niren Suchanti, Chairman Navin Suchanti, Managing Director Rohan Sikri Hardeep Sachdeva Kunal Bose S C Sekhar Aseem Kohli Preeti Khicha Chief Financial Officer B L Soni Auditors S R Batliboi & Co. LLP Chartered Accountants (Firm Registration No. 301003E) Registered and Corporate Office Pressman House 10A Lee Road Kolkata 700 020 CIN: L55101WB1971PLC028152 Hotels & Resorts Sinclairs Siliguri Sinclairs Darjeeling Sinclairs Bayview Port Blair Sinclairs Retreat Ooty Sinclairs Retreat Dooars Chalsa Sinclairs Retreat Kalimpong Projects under implementation Sinclairs Tourist Resort, Burdwan Sinclairs Kolkata Registrar & Transfer Agent Niche Technologies Pvt Ltd Kolkata Website www.sinclairshotels.com Investor information Website www.sinclairsindia.com ANNUAL REPORT 2014 - 15 Directors Report stage and is expected to be commissioned for operations by September, 2015. The Company has received sanction for a 114 room first class business hotel in New Town, Kolkata. Your Directors have pleasure in presenting the Fortythird DIVIDEND Annual Report of the company together with the Audited Your Directors are pleased to recommend a dividend of 40% Accounts for the year ended 31st March, 2015. (`4 per equity share of `10) for the year 2014-2015 amounting FINANCIAL HIGHLIGHTS to `268.16 lacs inclusive of dividend distribution tax of ` in lacs `45.36 lacs. Particulars Current Previous DIRECTORS Year Year Ms Preeti Khicha (DIN:05108059) was appointed as an Revenue from operations 2926.35 2253.44 Additional Director on 26th March, 2015 and will hold office Operating Profit 1061.91 615.01 till the ensuing Annual General Meeting. The company has Other Income 88.62 168.43 received a notice in writing from a shareholder together with Depreciation 447.68 274.75 requisite deposit proposing the name of Ms Preeti Khicha to Profit after depreciation be elected as a Director of the company.
    [Show full text]
  • Sinclairs Hotels Limited
    LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as a registered equity shareholder(s) of Sinclairs Hotels Limited (“the Company”), as on the Record Date in accordance with Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998, as amended. If you require any clarifications about the action to be taken, you may consult your stockbroker or your investment consultant or the Manager to the Buyback i.e. VC Corporate Advisors Private Limited or the Registrar to the Buyback i.e. Niche Technologies Private Limited. SINCLAIRS HOTELS LIMITED Registered Office: Pressman House, 10A Lee Road, Kolkata- 700 020 Tel. No.: 033 - 40310810/11; Fax: 033-40310813; E-mail: [email protected] Contact Person: Mr B L Soni, General Manager-Finance & Accounts; E-mail: [email protected] Cash Offer to Buyback not exceeding 4,95,222 fully paid-up Equity Shares of face value Rs. 10/- each, representing 8.16% of the total number of equity shares in the issued, subscribed and paid-up equity share capital of the Company, from all the existing shareholders / beneficial owners of equity shares of the Company as on the Record Date i.e. November 01, 2013, on a proportionate basis, through the “Tender Offer” Method at a price of Rs. 390/- per equity share (Rupees Three Hundred Ninety Only) for an aggregate amount of Rs. 19,31,36,580/- (Rupees Nineteen Crores Thirty One Lacs Thirty Six Thousand Five Hundred And Eighty Only). 1) The Buyback is in accordance with the
    [Show full text]
  • Appellate Jurisdiction
    Appellate Jurisdiction Daily Supplementary List Of Cases For Hearing On Wednesday, 30th of September, 2020 CONTENT COURT SL PAGE BENCHES ROOM TIME NO. NO. NO. HON'BLE CHIEF JUSTICE THOTTATHIL B. On 30-09-2020 1 RADHAKRISHNAN 1 DB At 11:00 AM HON'BLE JUSTICE ARIJIT BANERJEE HON'BLE JUSTICE SANJIB BANERJEE 3 On 30-09-2020 2 2 HON'BLE JUSTICE MOUSHUMI BHATTACHARYA DB At 11:00 AM HON'BLE JUSTICE I. P. MUKERJI 8 On 30-09-2020 3 3 HON'BLE JUSTICE MD. NIZAMUDDIN DB At 11:00 AM HON'BLE JUSTICE HARISH TANDON 16 On 30-09-2020 4 8 HON'BLE JUSTICE SUBHASIS DASGUPTA DB At 11:00 AM HON'BLE JUSTICE SOUMEN SEN 27 On 30-09-2020 5 11 HON'BLE JUSTICE SAUGATA BHATTACHARYYA DB At 11:00 AM HON'BLE JUSTICE SOUMEN SEN 27 On 30-09-2020 6 12 HON'BLE JUSTICE SAUGATA BHATTACHARYYA DB HON'BLE JUSTICE SAMAPTI CHATTERJEE 11 On 30-09-2020 7 13 HON'BLE JUSTICE TIRTHANKAR GHOSH DB At 11:00 AM 26 On 30-09-2020 8 HON'BLE JUSTICE SUBRATA TALUKDAR 17 SB 24 On 30-09-2020 9 HON'BLE JUSTICE SABYASACHI BHATTACHARYYA 18 SB At 11:00 AM 12 On 30-09-2020 10 HON'BLE JUSTICE SHEKHAR B. SARAF 20 SB At 11:00 AM 10 On 30-09-2020 11 HON'BLE JUSTICE RAVI KRISHAN KAPUR 24 SB At 11:00 AM 23 On 30-09-2020 12 HON'BLE JUSTICE ARINDAM MUKHERJEE 28 SB At 11:00 AM 13 On 30-09-2020 13 HON'BLE JUSTICE BISWAJIT BASU 33 SB At 11:00 AM 19 On 30-09-2020 14 HON'BLE JUSTICE JAY SENGUPTA 38 SB At 11:00 AM 5 On 30-09-2020 15 HON'BLE JUSTICE BIBEK CHAUDHURI 41 SB At 11:00 AM On 30-09-2020 16 HON'BLE JUSTICE SAUGATA BHATTACHARYYA 27 42 Appellate Side DAILY CAUSELIST For Wednesday The 30th September 2020 COURT NO.
    [Show full text]