Group no.

2 1
MHM 502

EAST INDIA HOTELS – OBEROI GROUP:

Financial statement analysis of East India
hotels for financing decisions

GROUP No. 2

Rohanesh Banthia 201407002

Shubham Sanjeev Singh 201407004
Nitin Kumar Satsangi 201407018
K Sumukh 201407029
D. Oblikarthik 201407030

MANIPAL ACADEMY OF HIGHER EDUCATION; Welcomgroup Graduate School of Hotel Administration (WGSHA)

Group no. 2 2
MHM 502

INTRODUCTION

The Oberoi Group is a luxury hotel group with its head office in Delhi. Founded in 1934, the company
owns and operates 31 luxury hotels and two river cruise ships in 5 countries, primarily under its Oberoi
Hotels & Resorts and Trident brands.

The company currently manages 33 hotels under the luxury brand Oberoi Hotels & Resorts, with a further
10 five-star properties under the Trident Hotels brand. The group also operates the Clarkes Hotel in Shimla
and the Maidens Hotel, Delhi. However, these two properties are not held under the Trident or under the
Oberoi brand. The Clarkes Hotel, after remaining temporarily shut following its lawns caving in because of
construction in the eco-sensitive vicinity, reopened on 16 September 2012.

The Oberoi Group - Mission

 Our Guests
We are committed to meeting and exceeding the expectations of our guests through our unremitting
dedication to every aspect of service.

 Our People
We are committed to the growth, development, and welfare of our people upon whom we rely on to
make this happen.

 Our Distinctiveness
Together, we shall continue the Oberoi tradition of pioneering in the hospitality industry, striving for
unsurpassed excellence in high-potential locations all the way from the Middle East to the Asia-
Pacific.

 Our Shareholders
As a result, we will create extraordinary value for our shareholders.

The Oberoi Group - Vision

 We see an organisation which aims at leadership in the hospitality industry by understanding

its guests; and designing and delivering products and services which enable it to exceed their
expectations. We will always demonstrate care for our customers through anticipation of their
needs, attention to detail, distinctive excellence, warmth, and concern.
 We see a lean and responsive organisation where decision making is encouraged at each level
and which accepts change. An organisation that is committed and responsive to its guests and
other stakeholders.
 We see a multi-skilled workforce, which consists of team players who have pride of
ownership in translating the organisation's vision into reality.
 We see an organisation where people are nurtured through continuous learning and skill
improvement; and are respected, heard and encouraged to do their best. The Oberoi Group is
recognised as best practice for training and developing its people.

MANIPAL ACADEMY OF HIGHER EDUCATION; Welcomgroup Graduate School of Hotel Administration (WGSHA)

Group no. 2 3
MHM 502

Balance Sheet
as at March 31, 2020
Rupees Million
As at March 31,
As at March 31,
2020
2019
ASSETS
NON-CURRENT ASSETS
18,238.54 19,314.24
PROPERTY, PLANT AND EQUIPMENT
RIGHT-OF-USE-ASSET 3,874.39 -
CAPITAL WORK-IN-PROGRESS 1,129.34 639.00
INTANGIBLE ASSETS 78.54 73.42
INVESTMENT PROPERTY 1,084.83 1,106.88
FINANCIAL ASSETS
8,121.66 8,285.22
(i) Investments
(ii) Other non-current financial assets 1,805.82 1,758.95
TAX ASSETS (Net) 557.42 743.46
OTHER NON-CURRENT ASSETS 934.45 3,139.39
TOTAL NON-CURRENT ASSETS 35,824.99 35,060.56
CURRENT ASSETS
522.71 503.59
INVENTORIES
FINANCIAL ASSETS
1,906.58 2,249.20
(i) Trade receivables
(ii) Cash and cash equivalents 51.96 58.28
(iii) Other bank balances 33.18 32.75
(iv) Other current financial assets 53.48 46.32
OTHER CURRENT ASSETS 745.28 568.85
TOTAL CURRENT ASSETS 3,313.19 3,458.99
TOTAL ASSETS 39,138.18 38,519.55
EQUITY AND
LIABILITIES EQUITY
1,143.14 1,143.14
EQUITY SHARE CAPITAL
OTHER EQUITY 28,049.17 27,407.76
TOTAL EQUITY 29,192.31 28,550.90
LIABILITIES
NON-CURRENT LIABILITIES
FINANCIAL LIABILITIES
1,832.14 2,098.63
(i) Borrowings
(ii) Lease liabilities 1,148.43 -
(iii) Other non-current financial liabilities 78.96 91.98
PROVISIONS - NON-CURRENT 244.14 243.95
OTHER NON-CURRENT LIABILITIES 11.17 14.93
DEFERRED TAX LIABILITIES - NET 1,236.44 1,599.17
TOTAL NON-CURRENT LIABILITIES 4,551.28 4,048.66
CURRENT LIABILITIES
FINANCIAL LIABILITIES
1,865.28 2,246.64
(i) Borrowings
(ii) Trade payables
11.91 0.77
Total outstanding dues of micro enterprises and small
enterprises
Total outstanding dues of creditors other than micro 1,692.50 1,957.29
enterprises and small enterprises
31.82 -
(iii) Lease liabilities
(iv) Other current financial liabilities 660.14 655.49
PROVISIONS - CURRENT 191.20 161.57
OTHER CURRENT LIABILITIES 941.74 898.23
TOTAL CURRENT LIABILITIES 5,394.59 5,919.99
TOTAL LIABILITIES 9,945.87 9,968.65
TOTAL EQUITY AND LIABILITIES 39,138.18 38,519.55

MANIPAL ACADEMY OF HIGHER EDUCATION; Welcomgroup Graduate School of Hotel Administration (WGSHA)