www.centaurhotels.

com

20.3 Hotel Corporation of India Ltd.

Hotel Corporation of India Ltd. (HCI) was incorporated on 08.07.1971 with the objective to carry on the business of Hotels and flight Catering Services. The company was incorporated as a wholly owned subsidiary of Air India Ltd. HCI is a Schedule-C CPSE in Tourist Services sector under the administrative control of M/o Civil Aviation. Its registered office is at Mumbai, Maharashtra and corporate office is at IGI Airport, New Delhi. HCI is engaged in providing services in the field of hotel and on board air catering through its 2 Hotels at Delhi (Centaur) and Srinagar (Centaur Lake view). The company is also running two flight catering units at Delhi and Mumbai by the name of Chefair. The physical performance of company during the period 2007-08 to 2009-10 is shown below:
Main Services / Segments Room Sales F&B sales Other Services Unit 2010-11 N.A. N.A. N.A. 2009-10 17.83 18.99 1.75 2008-09 20.62 21.15 3.47

Industrial / Business Operations

` in Crore ` in Crore ` in Crore

N.A.: Not Available

As per the in principle sanction received from the M/o Civil Aviation, the company is in the process of handing over the running of its two Units i.e. Centaur Lake View Hotel, Srinagar and Chefair flight Catering, Mumbai to professionals on Management Contract. The operational performance of the company along with performance indicators and selected financial ratios during the period 2008-09 to 2010-11 can be seen on the opposite page. The Company registered an increase of ` 10.55 crore in total income during 2010-11 which went up to ` 51.84 crore in 2010-11 from ` 41.29 crore during 2009-10. The net loss of the company reduced to ` 20.20 crore, a reduction of ` 8.91 crore over the previous years loss of ` 29.11 crore due to increase in turnover. The Company employed 1383 regular employees as on 31.03.2011. The retirement age in the Company is 58 years. Details of employment in last 3 years are given below: (Nos.)
Particulars Executives including NonUnionised Supervisors Non-Executives # Total Employees 2010-11 983 400 1383 2009-10 618 765 1383 2008-09 615 824 1439

Strategic issue

Performance Highlights

Human Resource Management

#Detail break-up of Non-Executive employees is at Statement no. 25 of volume-I of PE Survey.

514

Tourist Services

1st Floor, Transport Annex Building, Air India Complex, Kalina, Santacruz (East), Mumbai- 400029

Hotel Corporation of India Ltd.

Balance Sheet Particulars Authorised Capital (1) Sources Of Fund (1.1) Shareholders Funds (A) Paid-Up Capital Central Govt Others (B) Share Application Money (C) Reserves & Surplus Total (A) + (B) + (C) (1.2) Loan Funds (A) Secured Loans (B) Unsecured Loans Total (A) + (B) (1.3) Deferred Tax Liability Total (1.1) + (1.2) + (1.3) (2) Application Of Funds (2.1) Fixed Assets (A) Gross Block (B) Less Depreciation (C) Net Block (A-B) (D) Capital Work In Progress Total (C) + (D) (2.2) Investment (2.3) Current Assets, Loan & Advances (A) Inventories (B) Sundry Debtors (C) Cash & Bank Balances (D) Other Current Assets (E) Loan & Advances Total (A)+ (B)+ (C)+ (D)+ (E) (2.4) Less:current Liabilities & Provisions (A) Current Liabilities (B) Provisions Total (A+B) (2.5) Net Current Assets (2.3-2.4) (2.6) Deferred Revenue / Pre. Expenditure (2.7) Deferred Tax Asset (2.8) Profit & Loss Account(Dr) Total (2.1+2.2+2.5+2.6+2.7+2.8) 4269 3303 7572 -1704 0 0 0 1798 4295 2462 6757 -890 0 0 1755 4580 209 716 888 0 4055 5868 228 696 888 0 4055 5867 8270 4789 3481 21 3502 0 8270 4576 3694 21 3715 0 1512 0 1512 0 1798 520 0 520 0 4580 0 4060 0 -3774 286 0 4060 0 0 4060 2010-11 4100 2009-10 4100

(` in Lakhs) 2008-09 4100

Profit & Loss Account Particulars (1) Income (A) Sales/Operating Income (B) Excise Duty 4838 0 4838 346 0 5184 3963 0 3963 166 0 4129 2010-11 2009-10

(` in Lakhs) 2008-09

4610 0 4610 295 0 4905

0 4060 0 1156 5216 0 0 0 0 5216

(C) Net Sales (A-B) (D) Other Income/Receipts (E) Accretion/Depletion in Stocks (I)Total Income (C+D+E) (2) Expenditure (A) Purchase of Finished Goods/ Consumption Of Raw Materials (B) Stores & Spares (C) Power & Fuel (D) Manufacturing / Direct / Operating Expenses (E) Salary, Wages & Benefits / Employee Exp. (F) Other Expenses

703 42 807 0 4362 1026 1 6941 -1757 213 0 -1970

728 44 752 435 4298 315 119 6691 -2562 232 0 -2794

675 40 817 0 4226 737 0 6495 -1590 220 0 -1810

8182 4348 3834 109 3943 0

(G) Provisions (II)Total Expenditure (A to G) (3) Profit Before Dep, Int, Taxes & EP (PBDITEP) (I-II) (4) Depreciation (5) Dre/Prel Exp Written Off (6) Profit Before Int., Taxes & Ep (PBITEP) (3-4-5)

267 1090 1219 0 4614 7190

(7) Interest (A) On Central Government Loans (B) On Foreign Loans (C) Others (D) Less Interest Capitalised (E) Charged to P & L Account (A+B+C-D) (8) Profit Before Tax & EP(PBTEP) (6-7E) (9) Tax Provisions (10) Net Profit / Loss Before EP (8-9) (11) Net Extra-Ord. Items (12) Net Profit / Loss(-) (10-11) (13) Dividend Declared (14) Dividend Tax (15) Retained Profit (12-13-14) 0 0 50 0 50 -2020 0 -2020 0 -2020 0 0 -2020 0 0 31 0 31 -2825 0 -2825 86 -2911 0 0 -2911 0 0 0 0 0 -1810 12 -1822 39 -1861 0 0 -1861

3667 2250 5917 1273 0 0 0 5216

Important Indicators (i) Investment (ii) Capital Employed (iii) Net Worth (iv) Cost of Production (v) Cost of Sales (vi) Gross Value Added (At Market Price) (vii) Total Employees (Other Than Casuals) (Nos.) (viii) Avg. Monthly Emoluments Per Employee (Rs.) 2010-11 PROVISIONAL

2010-11 4060 1777 286 7204 7204

2009-10 4060 2804 2305 6954 6954

2008-09 4060 5107 5216 6715 6715

Financial Ratios (i) Sales : Capital Employed (ii) Cost of Sales : Sales (iii) Salary / Wages : Sales (iv) Net Profit : Net Worth (v) Debt : Equity (vi) Current Ratio (vii) Sundry Debtors : Sales (No. of Days) (viii) Total Inventory : Sales

2010-11 272.26 148.9 90.16 -706.29 5.29 0.77 54.02 15.77

2009-10 141.33 175.47 108.45 -126.29 0.13 0.87 64.1 21

2008-09 90.27 145.66 91.67 -35.68 0 1.22 86.3 21.14

1383 26283

1383 25898

1439 24473

Public Enterprises Survey 2010-2011: Vol-II

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