Hospitality Company Panoramic Universal Limited

8/14/2019 Hospitality Company Panoramic Universal Limited

1/10

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Panoramic Universal LimitedAnnual Report 2010-11

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2/10



3/10

Welcome

AboardAs we look through the window, we find a new vista of unfolding

potential, continuously widening and perpetually throwing open

new opportunities.

Opportunities marked by increase in Foreign Tourist Arrivals

(FTAs) in India at a CAGR of 8.1% between 2004 and 2009.

And underlined by strong growth in the services industry, leading

to increased corporate spending on business travel.

Potential highlighted by increase in domestic leisure travel in the

country, on the back of increasing income and affordability. And

underscored by Indias well-equipped hospital infrastructure and

the low cost of treatment, compared to developed countries,

making it a preferred destination for medical tourism.

A vista emphasised by the growing demand-supply gap for

hotel rooms the Indian Government has identified a shortage

of 1,50,000 hotel rooms, with most of the under-supply in the

budget sector.

Its a big wide world of opportunities out there. Clearly visible

through the Panoramic window of strategy.

It is into this vista of opportunities that we look as we map our

course for the future. A course where we are investing today to

build for tomorrow. Building an India that is not just a preferred

tourism destination but the ONLY favoured destination for world

tourism and hospitality sectors.

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4/10

Facts andhighlights

Comprises three

strategic business

divisions Hospitality,

Travel & Tourism

and Information

Technology (IT)

Headquartered in

Mumbai with office

in major cities of

India, USA & New

Zealand

Owns, manages and

operates 11 hotels

across India, USA

and New Zealand

Listed on the Bombay

Stock Exchange (BSE)

and National Stock

Exchange (NSE)

Overview

BusinessModel

02

Hospitality :

Hotels; Timeshare &

Condominiums

Travel Agencies Travel Portals

Travel & Tourism

Information

Technology



5/10

*Note: The EPS and Book Value per share is based on the bonus shares issued by the company in the ratio of 5:1 in the FY 11.

Particulars

Earnings Data

Total Income

EBIDTA

EBIT

Profit before Tax

Profit after Tax

Balance Sheet Data

Equity Shares

Preference Shares

Share Application Money

Reserves & Surplus

Secured Loan

Net Worth

Capital Employed

Shareholder Data

Dividend per Share (in Rs.)

Dividend Declared (in %)

Earnings per Share (in Rs.)

Book Value per Share (in Rs.)

Ratios & Margins

EBIDTA Margin (in %)

PAT Margin (in %)

ROCE (in %)

RONW (in %)

FY 10

1337.80

584.96

511.04

474.47

348.22

64.79

500.00

350.00

1,690.91

559.56

2,584.72

3,620.25

2.50

50

23.71

199.48

43.73

26.03

14.14

14.95

FY 11

1581.39

562.45

496.05

463.24

303.41

388.73

500.00

350.00

1,692.36

447.38

2,905.97

3,846.17

0.50

10

3.38*

37.38*

35.57

19.19

13.29

11.05

FY 09

1,510.05

663.95

603.26

540.74

389.17

64.79

500.00

-

1,536.76

729.21

2,074.59

3,606.98

2.50

50

26.87

160.11

43.97

25.77

18.30

21.72

FY 08

1,348.39

617.21

563.99

494.29

340.64

64.79

500.00

-

955.48

663.67

1,508.30

2,984.45

1.25

25

25.56

116.40

45.77

25.26

22.57

30.28

FY 07

1,331.90

598.00

544.27

461.20

328.28

64.79

-

-

683.77

774.20

741.99

2,012.54

1.00

20

25.33

57.26

44.90

24.65

29.96

55.40

ConsolidatedFinancialsRs. million

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7/10

In India, the demand or occupancy led recovery that

started with the return of domestic travellers late in

calendar 2010, received a boost with FTAs pickingup in the subsequent months. The latter half of

2010-11 saw the industry push for higher tariffs,

although pricing recovery for the whole of 2010-11

stood at 5-8%.

Improved economic growth also helps the hospitality

sector. Growing business opportunities, cheaper

airfares and better connectivity will keep the demand

for rooms high. These are positive developments and

the benefits will trickle down to the hospitality industry

and increase the demand for hotel rooms.

According to the Ministry of Finance, the size of Indias

travel and tourism industry is expected to grow to

Rs. 219 bn in FY12. Indias robust GDP growth (8.6%

in FY11) has improved the outlook for the hospitality

sector.

Performance review

Financially, our consolidated revenues stood at

Rs. 1,581.39 mn at growth of over 18% ascompared to FY 10 while the net profit stood at

Rs. 303.41 mn. During the year we issued bonus

shares to our shareholders in the ratio 5:1.

Operationally, the year marked several new initiatives

which are as follows:

The Group acquired a new property in Mysore

Successfully launched our travel portals www.

travelhot.in and www.traveluniversally.com

Focused on setting up a strong foundation intimeshare and condominiums through several

strategic tie-ups as well as commencing schemes

like Magic Holidays through our wholly own

subsidiary i.e. Panoramic Holidays Ltd.

Commenced trading software products in the

domestic market

Internationally, your Company is facing some tough time

primarily due to the global economy turmoil. However,

prudent cost cutting and innovative marketing & sales

strategies have helped tide over difficult times.

Looking forward

The Ministry of Tourisms Incredible India campaign

has started to strike a chord and will likely play its

role in increasing visitations to India. The future of

the Indian markets and their ability to mature into

destinations relies on concerted efforts, both by the

relevant government bodies and the private sector

players. Creativity will be of essence.

Going ahead, to capitalise on the opportunities on

the domestic front your Company continues its quest

for acquiring new properties. Acquisitions are the

new strategy adopted by your Company as it leads

to faster growth as compared to building Greenfield

projects. Some proposed destinations for acquiring

new properties include Coorg, Kodaikanal and Puri.

Appreciation

To conclude, I express our sincere thanks to our

customers, suppliers, bankers, financial institutions,

and all our shareholders.

Special thanks and appreciation go to the employees

of the Company at all levels for their hard work,

dedication and continued commitment.

Sudhir Moravekar

Chairman

Panoramic Universal Ltd.

Financially, our consolidated

revenues stood at Rs. 1,581.39

mn at growth of over 18% as

compared to FY 10 while the net

profit stood at Rs. 303.41 mn.

05



8/10

It is a very good hotel. I went there in my summer vacations with

my and my friends family. We went there to visit Sri Shirdi Sai

Baba Temple. So we were looking for a good hotel to stay there

for two three days. So my friend suggested me to have a look at

this hotel for once. When I entered in the hotel I saw a beautiful

lawn which mesmerised me and we decided to stay there.

Services and cleanliness was very good. I stayed there for 3 days

and enjoyed good food quality there with my family.

Guddu Singh, stayed in July 2010, travelled with family.

Focus HotelsTaking excellent care of our guests is not just a slogan for us. It is a way

of life that permeates every decision and every action at the hospitalitysection of Panoramic Universal Limited. We deliver outstanding customer

value, more variety, and more friendliness thus giving our customers

the benefits they expect. No wonder then our customers come back to

Panoramic when it is time for their trips and recommend us to their friends

and families.

Hotel Sai Sahavas

Shirdi, MaharashtraRoom inventory: 38

Hotel Sai Sahavas with its close proximity

to the shrine of Shri Sai Baba provides its

guests a comfortable stay to experience

the spiritual atmosphere of the place. The

hotel is an ideal place for enjoying the

tranquillity and serenity of the temple town

of Shirdi.

Domestic

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9/10

Graciano Cottages

Colva Beach, GoaRoom inventory: 22

Enjoy the Goan Spirit at the Graciano

Cottages, situated at the famous Colva

beach. The comfort and luxuries provided

at the hotel are in complete blend with

the silvery sands of the beach and the

verdan t greener y of Goa. When you

are in Goa, your stay at Graciano Cottages

makes your holiday complete.

Hotel Sagar Kinara

Malvan, MaharashtraRoom inventory: 30

Dining can have a great impact on the

enjoyment of your vacation and we hate

the notion of limiting your choices when

on holiday. That is why we at SagarKinara, provide our guests with an array of

delectable local and international cuisines.

True to its name, the hotel rooms provide

magnificent views of the sea beaches and

also the Sindhudurg Fort.

Nice place and beautifully managed. Good food and over

and above friendly staff. Would love go again and stay

there. And the best part is just a five minutes walk from

Colva Beach.

Sandy, stayed in December 2010 and traveled with family.

Sagar Kinara Hotel was actually recommended by the auto driver. God bless that

man for taking us to Sagar Kinara. Its after we reached the hotel that we realised

why this place was called Sagar Kinara. Precisely because it was at the sagar

kinara. Yes, it was at the very shore of Malvan. The rooms are neat, clean, well

painted, and airy and have a lovely view. All in all, our stay there was a beautiful

experience and I would give a thumbs up anyone who is looking for a review of

this place.

Savio, stayed in January 2011 and travelled with friends.

7



10/10

United 21

Thane, MaharashtraRoom inventory: 46

With fabulous design, dcor and ambience,this 46 room hotel with 8 suites and 38

elegant and luxurious rooms, a spacious

banquet hall, fully equipped gymnasium,

health club, table tennis, squash, billiard,

discotheque, multi-cuisine restaurant,

specialty restaurant, 24 hours coffee shop,

bar and a roof top swimming pool with a

terrace cafe is the perfect place for a lifestyle

experience.

8

Ichoosethishotelasitw

asverynearto

theplacewhereIhadmeetings.My

room

was upgraded. Breakfast

& foodwas

great.Overallstaywasexcellent.

AnilSinghal,sta

yedinJune2011

andtravelled

onbusiness.

Panoramic Resort and

Water Park

Panvel, Maharashtra

Room inventory: 37

When you want to get away from the hustle

and bustle of the city and have hours of fun

and frolic, Panoramic Resort is the perfect get

away. Replete with a water park, conference

room and accommodation consisting of

cottages, porta cabins and row houses the

Panoramic Resort and Water Park offers

an ideal setting for family get-togethers or

corporate picnics away from Mumbai.

Panoramic resort at Karnala is an excellent location for a familyholiday.Ifoundoutaboutthisplaceontheinternet.TheroomswherebookedsowestayedinSweetNestlewhichisthelargeACcabin.Theplaceisreallynicewithlargeareaforplaying,waterpark,swimming

pool,openspace,gardenetc.Hadagreattimeandweplantovisitagain.Theplaceisreallygood,thestaffandserviceisgood,andfoodisreallygoodandreasonablycharged.

Joe,stayedinMay2010andtravelledwithfamily.


Hospitality Company Panoramic Universal Limited

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