EIH AR10

8/6/2019 EIH AR10

1/100

8/6/2019 EIH AR10

2/100

Contents

th Bard Drcr 6

th obr Dharma 8

th obr Grp M 9

Hghlgh 37

Charma Rvw 38

Drcr Rpr 40

Maagm Dc ad Aal 43

Rpr Crpra Gvrac 50

sam pra sc 212 62

Adr Rpr 63

Balac sh 68

Pr ad L Acc 69

Cah Flw sam 70

schdl Acc 72

Cldad Facal sam 99

8/6/2019 EIH AR10

3/100

BoARD

Mr. P. R. s. obrChairman & Chief Executive

Mr. s. s. MkhrjVice Chairman

Mr. Vkram obrJoint Managing Director

Mr. Arj obrJoint Managing Director

Mr. s. K. Dagpa

Mr. Al nhr

Mr. Raja Rahja

Mr. L. Gah

CoMPAny seCRetARy

Mr. Gaam Gagl

AuDitoRs

Ra & Ra, Charrd Acca6, Chrch La, Klkaa 700 001

ReGisteReD oFFiCe

4, Mag LaKlkaa 700 001

8/6/2019 EIH AR10

4/100

th obr Dharma

FunDAMentAL CoDe oF ConDuCt

W, a mmbr oBeRoi orgaa ar cmmd dpla hrgh r bhavr

ad ac h llwg ConDuCt whch appl all apc r B :

ConDuCt whch h hgh hcal adardllcal, acal ad mral

ad rfc h hgh lvl cr ad cdra hr.

ConDuCt whch bld ad maa tam wrk, wh mal r a h ba

all wrkg rlahp.

ConDuCt whch p h cmr r, h Cmpa cd ad h l la.

ConDuCt whch xmpl car r h cmr hrgh acpa d,

a dal, xcllc, ahc ad l ad rpc r prvac alg wh

warmh ad ccr.

ConDuCt whch dmra w-wa cmmca accpg crcv dba

ad d whl acg arll wh cvc.

ConDuCt whch dmra ha ppl ar r k a, hrgh rpc r vr

mpl, ad ladg rm h r rgardg prrmac achvm a wll a

dvdal dvlpm.

ConDuCt whch a all m agard h a, cr, halh ad vrm

cmr, mpl ad h a h Cmpa.

ConDuCt whch chw h hr-rm ck-x r h lg-rm ablhm

halh prcd.

8/6/2019 EIH AR10

5/100

th obr Grp M

ouR Guests

W ar cmmd mg ad xcdg h xpca r g

hrgh r rmg ddca prc, vr apc rvc.

ouR PeoPLe

W ar cmmd h grwh, dvlpm ad wlar r ppl

p whm w rl mak h happ.

ouR DistinCtiVeness

tghr w hall c h obr rad prg h

hpal dr, rvg r rpad xcllc hgh pal lca all

h wa rm h Mddl ea Aa Pacc.

ouR sHAReHoLDeRs

A a rl w wll cra xrardar val r r akhldr.

8/6/2019 EIH AR10

6/100

* bad h mbr e shar prr b-dv ac val ad B shar 20h spmbr, 2006.

8/6/2019 EIH AR10

7/100

8/6/2019 EIH AR10

8/100

8/6/2019 EIH AR10

9/100

39

Hl hav b rakd a mbr 1, 2, 3 ad 4 B Aa ad r obrHl hav b rakd h r 15 h wrld. n hl cmpa harcvd ch dc h pa. th abv hr bar m hlvl xcllc ad rvc adard w hav rvd maa. i ak hppr hak all mpl r hr ddca ad cmmm. thaward ad acclad ar rl d h pa all h wh wrk rh Cmpa.

o 30h J, 2010 eiH iraal Ld., a whll wd bdar eiH Ld., cmpld h ac h 45.85% r Amxivm Ld., raal hl J Vr Cmpa eiH HldgLd., r us $ 45 mll. Wh h ac eiH Hldg Ld., w a whllwd bdar eiH iraal Ld.

W hav a cmmm brg ab chlgcal chag r ha whav hgh vrm rdl adard. A i hav ad h pa, w arlkg vral chlg.

idca ar ha, h cd ar w rm, h u.P.A. Gvrm wllmv ar wh mpra cmc rrm ad c ml maahgh grwh ra. th Gvrm m lk mr avrabl a mar

b rm ad hl rarcr ch a pwr, war ad rad.

i h ar 2009, h ravl ad rm cr accd r 6.4% al

mplm; mad ha h ravl ad rm cr wll acc r10% al mplm b 2014 whch wll mak h cd larg mplr h cr.

th la w ad a hal ar hav b challgg d h glbal acalcr ad h rrr aack Mmba nvmbr 2008. i am cd haw hav h rad wrk rc ad h cmmm m h challg hr ad mrg rgr ad mr prabl.

i ccl, i wld lk ackwldg h valabl crb hBard ad hr akhldr r hr ppr ad cragm.

thak .

P.R.s. obrCharma12h Jl, 2010

8/6/2019 EIH AR10

10/100

40

DiReCtoRs RePoRt

th Bard pr h sxh Aal Rpr ghr wh h Add sam Acc ad h Adr Rpr rpc h ar dd 31 March, 2010.

th acal hghlgh ar blw:

Rp mll 2009-2010 2008-2009

tal Rv 9,072.73 10,784.74

earg br ir, Dprca, tax, Amraad excpal im (eBiDtA) 2,579.05 4,117.29

ir ad Fac Charg 1,008.85 825.03

Dprca 680.31 542.40

excpal icm/(expdr) n nl

ohr Amra n 17.25

Pr br ax 889.89 2,732.61

Crr ax 178.10 928.98

Drrd ax 139.52 72.23

Frg B ax n 26.98

Pr ar ax 572.27 1,704.42

Dvdd 471.54 471.54

Dvdd ax 76.16 78.86

trar Gral Rrv 100.00 500.00

Balac carrd vr 3,083.21 3,158.64

i accrdace wh he prv f sec 217(2AA) f he Cmpae Ac, 1956(he Ac) ad, baed up repreea frm he Maageme, he Bard ae ha:

a) prparg h Aal Acc, applcabl Accg sadard hav bllwd ad hr ar maral dparr;

b) h Drcr hav lcd ch accg plc, appld hm cl admad jdgm ad ma ha ar raabl ad prd gv a r ad

ar vw h a aar h Cmpa a h d h Facal yar ad h Pr h Cmpa r h ar;

c) h Drcr hav ak prpr ad c car maag adaaccg rcrd accrdac wh h prv h Ac r agardgh a h Cmpa ad r prvg ad dcg rad ad hrrrglar;

d) h Drcr hav prpard h Aal Acc h Cmpa a ggccr ba.

8/6/2019 EIH AR10

11/100

41

th axd Maagm Dc ad Aal rm a par h Rpr adcvr, amg hr mar, h prrmac h Cmpa drg h Facal yar

2009-10 a wll a h r lk.

i accrdac wh h Lg Agrm wh h sck exchag h llwg araachd:

1. Cldad Facal sam prpard accrdac wh h Cmpa(Accg sadard) Rl, 2006, alg wh h Adr Rpr. th acalrl Mahbra Rr Lmd hav b cldad bad addAal Facal sam.

2. th Rpr Crpra Gvrac accrdac wh Cla 49 h LgAgrm alg wh h Adr Crca.

th Bard rcmmd a Dvdd R. 1.20 pr har R. 2 rpc h Facalyar 2009-2010. th Dvdd, apprvd a h rhcmg Aal Gral Mg,wll b pad h sharhldr, wh am appar h Rgr sharhldr h Cmpa a h cl b 6h Ag, 2010. Bad h prv hicm tax Ac, 1961, h tax Dvdd wll b br b h Cmpa.

erg crva mar ak drg h ar cld h llwg:

installationofmoreefcientpumpsforhotwatercirculation;

moreefcientcontrolsinhydropneumaticpumps;

replacementofexhaustfanswithhigherefciencyfans;

replacement of the air-conditioning system in bars and restaurants with higher

cc m;

replacementofincandescentlightswithhigherefciencycompactuorescentlights g rm ad pblc rm;

installationofwaterowrestrictorstoreducewaterconsumption;

installationofsensorsforpowerreduction;

installationofenergyrecoverywheelsonfreshairsystems;

installationofenergysaversonlightingpanelstoeconomisepowerconsumption;

increasing the capacity of sewage treatment plants with provision for waterrcclg;

Frhr, rg crva mar ha ar plad cld:

installationofvariablespeeddrivesonventilationandexhaustfans;

replacementofboilerswithhigherefciencyboilers;

installationofsolarwaterheatingsystems;

replacementofincandescentlampswithhigherefciencyCFL,LEDandIRClamps g rm ad hr ara;

installationofsensorsforpowersavinginguestroomsandpublicareas;

installationofadvancedevaporativecoolingsystemforcomfortcooling.

8/6/2019 EIH AR10

12/100

42

Fr ad bhal h Bard

Mmba s. s. MuKHeRJi P. R. s. oBeRoi28h Ma, 2010 Vice Chairman Chairman and Chief Executive

Drg h Facal yar 2009-2010, h Frg exchag arg h Cmpawr R. 3,149.09 mll a aga R. 5,009.29 mll h prv ar. th

xpdr Frg exchag drg h Facal yar wa R. 716.05 mll acmpard R. 928.09 mll h prv ar.

Mr. Arj obr ad Mr. s.K. Dagpa ar d rr b ra a h rhcmgAal Gral Mg ad ar lgbl r r-appm.

Apprval ha b rcvd rm h Cral Gvrm dr sc 212(8) hAc, xmpg h Cmpa rm aachg cp h Rpr ad Acc sbdar Cmpa. Accrdgl, h Rpr ad Acc h sbdarCmpa hav b aachd h Rpr. i grag h xmp, h CralGvrm ha drcd ha pcd rma h sbdar Cmpa bparal dcld a a par h Cldad Facal sam. th rmaha b crprad pag 100 h Aal Rpr. irma rlag Mahbra Rr Lmd bad add Aal Facal sam.

sbjc prr arragm, h Add Aal Acc h sbdar Cmpawll b avalabl r pc b a sharhldr a h Cmpa Rgrd oc.sharhldr rd bag a cp h Add Aal Acc hsbdar Cmpa ca wr h Cmpa scrar a h Rgrd oc.

th Adr h Cmpa, Mr. Ra ad Ra, Charrd Acca, rr adar lgbl r r-appm.

th rma rrd dr sc 217(2A) h Ac ghr wh h Cmpa(Parclar empl) Rl, 1975, rm a par h Rpr. Hwvr, bad

h prv sc 219(1)(b) h Ac, h Rpr ad Acc ha ar bgcrclad sharhldr d cld h sam Parclar empl drsc 217(2A) h Ac. A sharhldr rd bag a cp h abvsam ma wr h Cmpa scrar a h Rgrd oc h Cmpa.

th Bard ak h ppr hak all mpl r hr cmmm, ddcaad c-pra.

8/6/2019 EIH AR10

13/100

43

ManageMent discussion and analysis

ir dm ok

2009-2010 prvd b ahr dcl ar r h hpal dr wrldwd.th cmc vrm cd b cldd b h glbal acal cr. A pr

h Wrld travl ad trm Ccl (WttC), glbal GDP ll b 2.1% ral rm

drg 2009. Dvlpd cm wr m rl acd. Cl, hr

wa a dcl h mbr rg vr ida. th rrr aack Mmba

nvmbr, 2008, ladg ravl advr b ma cr, mad a dcl a

wr b rrcg ravl. th v wr rhr aggravad b h H1n1 padmc

drg h r hal h Facal yar 2009-2010.

A vrg db cr ma gl a mbr mar cm. shld ch cr

b ckl ad crdbl crlld, h cmc rprc cld b wd ragg

ad vr. Fr h hpal dr ch cr wll vabl lad a all ravl

dmad. Frhrmr, h rc drp ar rac larg par erp wg a vlcac rp iclad a w ad r dvlpm.

trrrm ad cr hra p a majr bacl ravllr. elabra cr

arragm cr ch hra ar car dr h pr crcmac. th

vlal crd l prc a majr ccr. thr h ccr crd l prc

rg c aga; h wll advrl mpac ravl ad rm.

erg ad parll c acc r vr 30% al rv. Dp cdrabl

r ward rg crva, prc cra l ad pwr c hav

a gav mpac h c rcr. Hgh fa al pg prr parll

ad rlad c.

th Aprl 2010 upda h Wrld trm Barmr d b h ud naWrld trm orgaa (unWto), a ha raal rm dmad

lwl rgag mmm. Prlmar gr cmpld b unWto r h r w

mh 2010 dca ha vr arrval ar a lw grwh pah.

thr ar g ha h glbal dwr ma b lwl rcdg. A rc dral

The Economist (Aprl 3rd Aprl 9h, 2010) prdc ha h Amrca cm wll grw

b ard 3% 2010 ar hrkg b 2.4% 2009.

i ida, gr rlad b h Fac Mr ecmc srv r 2009-2010

dca ha GDP hld grw b 7.2% h Facal yar 2009-2010. th srv ha

rhr rca a GDP grwh 8.75% h Facal yar 2010-2011 ad vr 9% h

Facal yar 2011-2012.

th ida grwh r ha cragd wll ablhd raal hl cha

r h cr. th alrad ida ar cmplag xpadg hr prc.

th Cmpa wlcm ch cmp. i blv ha halh cmp wll ra

adard wh h g bg h lma bcar.

WttC ha rca ha ravl ad rm ida wll grw b 6.7% 2010.

th crb h travl ad trm idr ida GDP 2010 wll b 8.6%.

i xpcd ha h dr wll acc r 10% h al mplm h cr

b h ar d.

8/6/2019 EIH AR10

14/100

44

Dmad xpcd grw a h Facal yar prgr. th pg h trd,

Badra Krla, Mmba ad h rpg th obr, Mmba wll r ha h

Cmpa ha h r vr rm car h dmad. Rm ra whchwr dprd drg h prv Facal yar hld al bg mprv drg

h ar. Marg ar lkl b dr ra d hgh fa.

Barrg r crcmac, wh h pg w hl Mmba, h

Cmpa a advaag p b rm h xpcd glbal rcvr.

ir cr sm Rk Mm

th cc h ral crl m prag h Cmpa d ad

mrd a c ba dr a rcrd iral Ad c. Crl

m a ach hl ad hr b ar cl r-grd l wh

chagg rrm. th Ad Cmm prdcall rvw h ad prc. thr rlabl h crl m, lgal cmplac ad c pra.

thr ha b cdrabl prgr mplmg a rcrd rk maagm

ramwrk h Cmpa. th ramwrk w wll dcmd wh lad dw

dma prcdr; h pdad prdcall. th Bard kp apprd

ch prc ad prcdr.

F or prrm

Drg h Facal yar 2009-2010, h Cmpa tal Rv wa R. 9,072.73

mll a cmpard R. 10,784.74 mll h prv ar.

th earg br ir, Dprca, taxa ad hr Amra (eBiDtA)wr R. 2,579.05 mll a cmpard R. 4,117.29 mll h prv ar.

th Pr br tax wa R. 889.89 mll a cmpard R. 2,732.61 mll h

prv ar.

th Pr ar tax wa R. 572.27 mll a cmpard R. 1,704.42 mll h

prv ar.

th Cmpa ha rcgd R. 526.76 mll (2008-2009 - R. 967.60 mll) a cm

drg h Facal yar 2009-2010, acc rac clam r l d b

rrp rpc trd, narma P, Mmba ad th obr, Mmba.

Aga a al clam R. 1,494.36 mll rcgd a cm b h Cmpa, h

rr hav ar pad R. 800 mll. Fal lm h clam pdg.

th Cmpa c b largl gagd hpal ad rlad rvc. th

gm w rl ad capal mpld ar gv pag 96 h Aal Rpr.

B

th Cmpa ha gd a Lr i r h ac 45.85% e har

raal hl J Vr Cmpa, eiH Hldg Lmd, Brh Vrg ilad

rm Amx ivm Lmd, Hgkg. th ac wll b drak b h

Cmpa, hrgh Whll owd rg sbdar, eiH iraal Lmd.

8/6/2019 EIH AR10

15/100

45

th J Vr crrl ha h llwg b r:

H ime ivm xg obr hl Mar, Bal ida, Lmbk

ida ad sahl Hahh, egp.

H Mm cr

(a) Lg rm hl maagm crac r ach h hl ha ha vd

a wll a th obr Zahra, nl Crr whch ha vm;

(b) Lg rm hl maagm crac r w obr hl prjc dr

crc r dr plag Dba, Mrcc, Grc ad a cd hl

Mar.

C p h ac, h a wll b rl wd b h Cmpa,

hrgh Whll owd rg sbdar, eiH iraal Lmd.

eiH Hldg Lmd wll r w lg rm glbal lcg agrm() dr

whch wll hav xclv rgh h obr ad trd brad hrgh

h wrld hr ha ida whr h Cmpa ha b lcd a mlar ba r

ma ar.

ex

th 440 k trd a Badra Krla, Mmba pd 1 Dcmbr, 2009. th hl

ha b wll rcvd ad ccpac ar ablg. th hl ha hr pcal

rara, ach wh w dcv c ad ambc.

th obr, Mmba whch wa cld ar baal damag llwg h rrr

aack 26h nvmbr, 2008 rpd 24h Aprl, 2010. th hl ha b

mcll rrd ad w cmprar ad lxr. th mbr k

ha b rdcd rm h rgal 337 287 whch cld 73 . th hl ha

cmprar rara ad a w bar.

th obr, Grga cg 202 k xpcd p drg h rh arr

h crr Facal yar.

Crc h 103 k trd hl a Dhrad chdl. th hl

xpcd p h prg 2012.

Crc h 229 k obr hl a Cbr C, Hdrabad dr wa. th add a 323 k trd hl whch al dr crc a h adjac .

Bh hl hld p pha bgg h mmr 2012.

Crc h 252 k obr hl Dba lcad a B Ba prgrg.

th hl whch wll b maagd b eiH Hldg Lmd xpcd bg pra

h la arr 2011.

Plag ha cmmcd h obr hl Ab Dhab ad oma. th hl

wll b maagd b eiH iraal Lmd.

8/6/2019 EIH AR10

16/100

46

Plag r th obr, Marrakch, Mrcc dr wa. th hl wll al b

maagd b eiH Hldg Lmd.

eiH Hldg Lmd ha gd a Maagm Crac r a hl a scrp Ba,

Grc ad a cd obr hl Mar.

th Cmpa w fgh kch a Mar xpcd b cmmd Jl 2010.

th w fgh kch Dlh xpcd b praal March 2011.

A fgh kch a Cch xpcd b cmmd Ag, 2010 whl h

Calc Flgh Kch xpcd cmmc pra arl 2011.

th abv dvlpm hld cra h Cmpa rv ad prabl

r.

awr

Mr. P.R.s. obr, Charma, wa crrd h Lm Achvm Award a h r

th ecmc tm tAAi travl Award 2009.

sm hr majr rcg rcvd b obr Hl ad Rr drg h Facal

yar hav b:

H awr Awarded By

th obr, nw Dlh Rad h b hl nw Dlh Institutional Investor,th Wrld B Hl 2009

Rad amg h p 100 hl Institutional Investor, h wrld th Wrld B Hl 2009

Rad h b B Hl Business Traveller, Aa-Paccnw Dlh travl Award 2009

th obr Rajvla, Rad 2d amg h p hl Travel + Leisure, Wrld B Japr h wrld r rvc srvc Award, Radr

srv 2009

Rad 2d amg h p hl Travel + Leisure, Wrld B Aa r rvc srvc Award, Radr

srv 2009

Rad 7h amg h Cond Nast Traveler, usA,p 100 hl Aa Radr Chc Award 2009

Rad amg h p 15 rr Travel + Leisure, Wrld B Aa Award, Radr srv 2009

Rad amg h b hl h Cond Nast Traveler, usA,wrld r dg Gld L 2009

th obr Amarvla, Rad 3rd amg h p hl Travel + Leisure, Wrld BAgra Aa r rvc srvc Award, Radr

srv 2009

Rad 6h amg h p hl Travel + Leisure, Wrld B h wrld r rvc srvc Award, Radr

srv 2009

Rad 4h amg h p 100 hl Cond Nast Traveler, usA, Aa Radr Chc Award 2009

Rad 5h amg h p 15 rr Travel + Leisure, Wrld B Aa Award, Radr srv 2009

8/6/2019 EIH AR10

17/100

47

th obr Vaavla, Rad h b rr Aa Travel + Leisure, Wrld BRahambhr Award, Radr srv 2009

Rad 2d amg h p 100 Travel + Leisure, Wrld Bhl h wrld Award, Radr srv 2009

Rad 2d amg h p 25 Cond Nast Traveler, usA,rr Aa Radr Chc Award 2009

Rad 6h amg h p 100 Cond Nast Traveler, usA,hl h wrld Radr Chc Award 2009

Rad amg h b hl h Cond Nast Traveler, usA,wrld r rvc, dg, d ad Gld L 2009acv

th obr udavla, Rad h b hl Aa Cond Nast Traveler, usA,udapr Radr Chc Award 2009

Rad amg h p 100 hl Cond Nast Traveler, usA, h wrld (Rakd 6h) Radr Chc Award 2009

Rad 3rd amg h Travel + Leisure, Wrld Bp 15 rr Aa Award, Radr srv 2009

Rad 8h amg h Travel + Leisure, Wrld Bp 100 hl h wrld Award, Radr srv 2009

Rad 9h amg h avr Cond Nast Traveller, uK,vra hl pa Aa ad h Radr spa Award 2010ida sbc

Wr h saabl Hl ivm CrcDa Award Aa Pacc (HiCAP) 2009

saabl Hl Award

Wldfwr Hall, Rad 2d amg h avr Cond Nast Traveller, uK,

shmla, h vra hl pa Aa ad h Radr spa Award 2010Hmalaa ida sbc

Rad 6h amg h avr Cond Nast Traveller, uK,pa h wrld Radr spa Award 2010

Rad h ladg pa rr Aa Wrld travl Award 2009

Rad 3rd amg h avr Spa, usA, Radr Chcrr/hl pa Aa Award 2009sbc

Rad a h p rmac Life magazbk - Dramda h wrld Da 100 h Wrld

B Vaca

Rad 4h amg h p 25 Cond Nast Traveler, usA,rr Aa Radr Chc Award 2009

Rad amg h b hl Cond Nast Traveler, usA, h wrld r lca ad rm Gld L 2009

Rad 7h amg h b pa Cond Nast Traveller, uK,Aa ad h ida sbc Radr spa Award 2009

th obr, Bal, Rad amg h p 25 rr Cond Nast Traveler, usA,ida Aa Radr Chc Award 2009

th obr Phla, Rad 3rd amg h b Cond Nast Traveler, usA, tpnl Crr, egp mall hp h wrld Cr shp 2009, Radr srv

th obr, Rad h b rr h Rd sa Mr trm, egp, 2009sahl Hahh, Rad h avr rr/hl pa Spa, usA, Radr ChcRd sa, egp Arca ad Mddl ea Award 2009

H awr Awarded By

8/6/2019 EIH AR10

18/100

48

th obr, Mar Rad 10h amg h avr Cond Nast Traveller, uK,

vra hl pa Arca, Radr spa Award 2010Mddl ea ad ida oca

Rad amg h b hl Ultratravel, uK, tp 100 Award, h wrld Radr Pll 2009

Rad h ladg hl Mar Wrld travl Award 2009

th obr Zahra, Rad h b v ar crr Mr trm, egp, 2009Lxr nl Crr, h nlegp

crr s Rb

th Cmpa ll cmmd vrmal crva ad cal rpbl.th hl prad b h Cmpa ar prg av r h brm h

cmm lcad hr vc.

iav rdc h Cmpa carb pr cld g c m

r h crva rg ad aral rrc; vrmall rdl

chlg ad prdc; wa rdc ad rcclg; mar prv pll.

Fr xampl, th obr Amarvla, Agra ad ar h taj Mahal prpa a

grar l rg addd pll h vrm.

th obr, Bagalr ha pprd h lcal th Chhr Hm, ida c

1993.

th obr, nw Dlh ad th obr Amarvla, Agra xd aac lcalm Mhr tra Mar Char.

th obr Amarvla, Agra al parcpa Wldl sos slh Bar Rc

prgramm b vg vlar da rm g r h Agra Bar Rc Facl.

th obr Grad, Klkaa crb h sarada sva sagh r mpwr

rral wm.

th obr udavla, udapr vlvd wh h sos Chldr Vllag ad Mhr

tra Mar Char. th hl al hlp h lcal Gvrm prrv ad

maa xg lak udapr.

th obr Vaavla, Rahambhr xd aac h yah RhablaCr r phcall ad mall dabld chldr. th rr ha al ad vral

prgramm rward ad rcg r gard ad hr aml. th cld

crg pral accd rac r 180 r gard. th hl ha d a

chlarhp award r chldr r gard a wh hr hghr dca.

th obr, Mmba wrk wh h Clar Crp Mmba ppr h

drprvlgd.

Wldfwr Hall, shmla h Hmalaa ppr th schl r h Bld, Da ad

Dmb Chldr Dhall.

H awr Awarded By

8/6/2019 EIH AR10

19/100

49

Fr ad bhal h Bard


trd, Grga wrk wh Pallavanjali rg a vrm ha prvd al

ppr g adl wh ar abl prrm pmall a radal

acadmc g. A pr, x ra rm Pallavanjali ar drakg xvra a h hl.

dm Hm Rr ir R

idral rla rmad abl hrgh h Facal yar.

th Cmpa rml blv ha ral rgh l h cmmm ad al

ppl. th Cmpa hl ar kw wrldwd r hr mpccabl rvc - a

rfc carl mpl lc, rag ad mva.

A 31 March, 2010, h mbr ppl mpld b h Grp wa 9,158.

8/6/2019 EIH AR10

20/100

50

1. th cm phh c gr

th Cmpa phlph Gvrac dcmd th obrdhrm, whch h damal Cd Cdc h Cmpa ad M sm.

th x th obr dhrm ad h M sm appar pag8 ad 9 h Aal Rpr.

2. Br drr

A 31 March, 2010, h Cmpa had gh Drcr h Bard. F pr c h Bard cmprd n-xcv Drcr. All n-xcv Drcr aridpd Drcr.

Mr. P.R.s. obr, Charma ad Ch excv, Mr. s.s. Mkhrj, Vc Charma,

Mr. Vkram obr ad Mr. Arj obr, J Maagg Drcr ar excvDrcr. th hr r ar n-xcv Drcr.

th Bard m v m drg h Facal yar 30h J, 2009, 27h Jl, 2009,28h ocbr, 2009, 27h Jaar, 2010 ad 30h March, 2010.

Dal adac Drcr a Bard Mg drg h Facal yar ada h Cmpa F-h Aal Gral Mg ghr wh h mbr hr Drcrhp ad Cmm Mmbrhp hld b hm ar a llw:

nm d cr a n. hr n. drrh* Br

cmmBr l (hr h

M agM eiH lm)

Mr. P.R.s. obr Charma ad excv 5 y 11 1**Chexcv

Mr. s.s. Mkhrj Vc Charma excv 5 y 7 2

Mr. Vkram obr J excv 5 y 3 3MaaggDrcr

Mr. Arj obr J excv 5 y 2 2MaaggDrcr

Mr. s.K. Dagpa Drcr n-xcv 5 y 3 2***

idpd

Mr. Raja Rahja Drcr n-xcv 2 n 7 3idpd

Mr. Al nhr Drcr n-xcv 5 y 3 2**idpd

Mr. L. Gah Drcr n-xcv 5 y 10 10****idpd

* excld drcrhp cmplad dr sc 278 h Cmpa Ac, 1956** Charma Cmm*** Charma w Cmm**** Charma hr Cmm

RepoRt on coRpoRate goveRnance

8/6/2019 EIH AR10

21/100

51

Mr. Arju ober ad Mr. s.K. Dagupa rere b ra a he frhcmg sxeh

Aual Geeral Meeg. the are elgble fr re-appme.

ther parcular are ecled a a Appedx he nce cveg he sxeh AualGeeral Meeg.

All Drcr ad Mmbr sr Maagm hav, a 31 March, 2010, armdhr cmplac wh :-

The Oberoi Dharma, h Fdamal Cd Cdc r all Mmbr th obr Grp;

theCompanysCodeofConductforPreventionofInsiderTradinginitsshares.

3. a cmm

cm, M a hr

th Ad Cmm c r Bard Mmbr, viz. Mr. s.K. Dagpa,Mr. Arj obr, Mr. Raja Rahja ad Mr. Al nhr.

All Ad Cmm Mmbr, xcp Mr. Arj obr, ar n-xcvDrcr. th ar al idpd Drcr. th rm r a AdCmm Mg w Mmbr prall pr. Mr. Dagpa hCharma h Cmm. H a pa Prd th i CharrdAcca ida ad ha xpr kwldg ac ad accg.All hr Mmbr h Cmm ar acall lra wh h mag explaa 1 Cla 49ii(A)() h Lg Agrm.

th Ad Cmm m v cca drg h Facal yar - 30h J, 2009,27h Jl, 2009, 28h ocbr, 2009, 27h Jaar, 2010 ad 30h March, 2010.Mr. s.K. Dagpa, Mr. Arj obr ad Mr. Al nhr add all v Mg.Mr. Raja Rahja add w Mg.

th Adr, h Ch iral Adr, h Vc Charma ad h J MaaggDrcr ar v h Ad Cmm Mg. th Cmpa scrar aca h scrar h Cmm.

trm Rr

th trm Rrc h Ad Cmm ar accrdac wh h pcd Cla 49 h Lg Agrm ad sc 292A h Cmpa Ac, 1956.

4. ir gr cmm

cm, M & a hr

th ivr Grvac Cmm c h llwg Drcr viz.Mr. P.R.s. obr, Mr. s.s. Mkhrj, Mr. s.K. Dagpa, Mr. Vkram obr adMr. Arj obr. th scrar h Cmpa h Cmplac ocr.

th rm r a Mg w Drcr prall pr. A n-xcvDrcr char h Mg.

the Cmmee me fur cca durg he Facal year - 22d Aprl, 2009,7h Jl, 2009, 12h ocbr, 2009 ad 13h Jaar, 2010. Mr. s.K. Dagpa adMr. s.s. Mkhrj add all r Mg.

8/6/2019 EIH AR10

22/100

52

trm Rr

th Cmm mr h Cmpa rp vr cmpla. i ha alb ahrd apprv h dplca har crca l hl r drd.

i accrdac wh h prv Cla 49iV(G)(v) h Lg Agrm,h pwr apprv rar, ram, c., har h phcal rm ha

b dlgad a Cmm excv.

A 31 March, 2010, 28 r r dmarala har wr pdg.th wr clard b h r wk Aprl, 2010. thr wr vald phcalrar r rmarala r pdg a 31 March, 2010.

o cmpla wa rcvd rm a vr drg h ar rgardg -rcp Aal Acc, 2009. th wa prmpl rdrd. n cmpla wr pdg

a 31 March, 2010.

5. gr B M

) l m h hr a gr M sR h M:

Facal yar Lca Da tm nmbr spcalRl pad

31 March, 2007 th obr 27h Ag, 11.30 A.M. tw.Grad, Klkaa 2007

) R-appm Mr. P.R.s. obr aCharma adCh excv;

) Alra craCla h Arcl Aca.

31 March, 2008 th obr 14h Ag, 11.30 A.M. nlGrad, Klkaa 2008

31 March, 2009 th obr 20h Ag, 11.30 A.M. nlGrad, Klkaa 2009

) s R hrh p B

A spcal Rl dr sc 314 h Cmpa Ac, 1956 wa pad b Pal

Ball 30h Jl, 2009. th Rl apprvd h hldg a oc r Plac Pr dr h Cmpa b M. Praka Mkhrj, a rlav a Drcr.

th Rl wa pad wh 99.80% vg avr.

) pr wh h p B xr

Mr. sall Barj, a Pracg Cmpa scrar, appd a h scrr,cdcd h Pal Ball vg prc.

) prr r p B

th Pal Ball wa cdcd a pr h prcdr sc 192A hCmpa Ac, 1956 rad wh h Cmpa (Pag h Rl b PalBall) Rl, 2001.

8/6/2019 EIH AR10

23/100

53

) Whhr s R r b hrh pB

thr prpal, a pr, pa a spcal Rl b Pal Ball.

6. Rmr ex drr

a. sr hr Bfsr prq

Rrm BfR./m R./m

Mr. P.R.s. obr nl 0.84

Mr. s.s. Mkhrj 10.02 1.58

Mr. Vkram obr 5.04 2.39

Mr. Arj obr 5.04 2.28

B. cmm prf (ar) R.

Mr. P.R.s. obr 24,960,730

Mr. s.s. Mkhrj 14,976,440

Mr. Vkram obr 7,488,220

Mr. Arj obr 7,488,220

Apar rm Mg F, rmra pad n-xcv Drcr.

n-xcv Drcr wh ad Bard r Cmm Mg ar padR. 20,000 pr Mg. Drg h Facal yar, h al am pad n-xcv Drcr r adg Bard ad Cmm Mg amd R. 640,000.

7. gr dr

() A mmar raac wh rlad par, h rdar cr b, placd br h Ad Cmm;

() hr wr maral dvdal raac wh rlad par hawr h rdar cr b drg h Facal yar dd31 March, 2010;

() all maral raac drg h Facal yar dd 31 March, 2010,hr wh rlad par r hr, wr a arm lgh;

(v) hr wr marall gca raac drg h Facal yar whrlad par ch a h Prmr, Drcr, k maagral prl,rlav r bdar ha cld hav pal cfc r wh hCmpa;

(v) h madar dclr raac wh rlad par, cmplacwh h Accg sadard (As-18), par h Aal Rpr addcld pag 94 ad 95;

(v) h n-xcv Drcr hld a har h Cmpa.

8/6/2019 EIH AR10

24/100

54

(v) prparg h Aal Acc rpc h Facal yar dd31 March, 2010, accg ram wa dr rm ha prcrbd

h Accg sadard;

(v) hr wa ac -cmplac a mar rlag h capalmark drg h pa hr ar;

(x) h Cmpa ha a Cd Cdc r Prv idr tradg h har h Cmpa r Drcr ad hr dd pr accrdac wh h scr ad exchag Bard ida (Prhb idr tradg) Rgla, 1992; ad

(x) h Cmpa dd mak a pblc , rgh r prral a cr drg h Facal yar dd 31 March, 2010.

8. M cmm

Aal Rpr rpc ach Facal yar ar mald all sharhldr J/Jl ach caldar ar. each Rpr ca h Aal Acc hCmpa rpc h Facal yar wh h Drcr ad Adr Rpr.Al cldd ach Aal Rpr h nc cvg h Aal GralMg, h Facal yar Crpra Gvrac Rpr ad h Cah Flwsam ghr wh h crrpdg Rpr h Adr, h CldadAcc ad h Adr Rpr hr.

th Facal Rl h Cmpa wr call rlad r wld b rlad accrdac wh h llwg chdl:

s. nr M d Frwr/ bn. cmm r pb rwr

pb sk exh

1 qarrl uadd nwpapr 28.07.2009 27.07.2009Facal sam(Fr qarr 2009-2010)

2 Hal-arl uadd nwpapr 29.10.2009 28.10.2009Facal sam(scd qarr 2009-2010)

3 qarrl uadd nwpapr 28.01.2010 27.01.2010Facal sam(thrd qarr 2009-2010)

4 Pblca Aal nwpapr 29.05.2010 28.05.2010

Add Rl 2009-2010 accrdac whCla 41 h LgAgrm wh hsck exchag

th Facal Rl ar all pblhd th ecmc tm, th tm ida, th Facal expr, th ida expr, B L,Aajkaal r Ekdin.

8/6/2019 EIH AR10

25/100

55

Flg crpra rma h elcrc Daa irma Flg ad Rrval(eDiFAR) m h scr ad exchag Bard ida (seBi) pral

www.b.. a pr Cla 51 h Lg Agrm ha b dcd,dr seBi drc, cv 1 Aprl, 2010. A w pral www.rf..ha b alld b h Bmba sck exchag ad h naal sck exchaga pr Cla 52 h Lg Agrm. ecv 1 Aprl, 2010, crprarma ld b h Cmpa wh h sck exchag ar bg pladd www.rf.. ad ca b vwd h pral.

th Maagm Dc ad Aal rpc h Facal yar a par h Drcr Rpr.

9. gr shrhr irm

. th sxh a gr M w b h 11.30 a.M.

t, 24h a, 2010, th obr gr, Kk.

b. th F cr w:

Add Aal Acc r 2009-2010 Frda, 28h Ma, 2010

Malg Aal Rpr r 2009-2010 tda, 27h Jl, 2010

uadd Fr qarr Facal Rl 2010-2011 sarda, 31 Jl, 2010

sxh Aal Gral Mg tda, 24h Ag, 2010

Pam Dvdd r 2009-2010 Wdda, 25h Ag, 2010

uadd scd qarr FacalRl 2010-2011 thrda, 28h ocbr, 2010

. Rr shrhr

th Rgr sharhldr wll rma cld rm Mda, 9h Ag, 2010 tda, 24h Ag, 2010, bh da clv.

. pm d

Dvdd rpc h Facal yar 2009-2010, dclard b hCmpa a h sxh Aal Gral Mg, wll b pad r abWdda, 25h Ag, 2010, h sharhldr wh am wll appar h Rgr sharhldr h Cmpa a h cl b Frda, 6h Ag, 2010.

. l shr sk exh

th sck exchag wh hr rpcv sck Cd ar a llw:

Calca 05

Bmba 500840

naal eiHoteL

Ld eiHD( rpc adg GlbalDpr Rcp)

th isin nmbr h Cmpa har h dmarald md ine 230A01023.

thr ar arrar Lg F.

8/6/2019 EIH AR10

26/100

56

. Mrk pr h cm shr vis--vis sx n ( R)

th Cmpa mhl har prc par drg h Facal yarvis--vis h sx ad h n hav b a dr :

a. th cm shr pr vis--vis sx

B. th cm shr pr vis--vis n

8/6/2019 EIH AR10

27/100

57

10. o gb dr R

0.40 mll har h Cmpa wr hld a Glbal Dpr Rcp a 31 March, 2010. th c 0.10% h al Pad-p shar Capal hCmpa.

11. shr trr

th Cmpa a seBi rcgd Cagr i Rgrar ad shar trar Ag.R r dmarala ad rmarala hld b h Cmpaivr srvc Dv, 4, Mag La, 6h Flr, Klkaa-700 001. th ivrsrvc Dv h Cmpa iso 9001-2008 crd.

th Cmpa har ar radd h sck exchag h dmaraldrm. sharhldr ar rd r ha hr Dpr Parcpa(DP) prmpl d phcal dcm, .., Dmarala R Frm

(DRF), shar Crca, c., h ivr srvc Dv b gvg hDmarala R nmbr (DRn). Dcm rar h phcalrm, .., h trar Dd, shar Crca, c., hld mlarl b hivr srvc Dv.

377.96 mll har h Cmpa, rprg 96.19% h al har d,wr hld h dmarald rm a 31 March, 2010. 14.99 mll harrprg 3.81% h al har wr hld h phcal rm. A al 46,763(68.12%) sharhldr hav, p 31 March, 2010, dmarald hr harhldgwhl h balac 21,897 (31.88%) sharhldr c hld har hphcal rm.

12. drb shrh 31 Mrh, 2010

shrh n. % n. % R shrhr shrhr shr shrh

( m)

up 1000 54,853 79.88 15.46 3.93

1001-5000 12,412 18.07 24.45 6.22

5001-10000 910 1.32 6.32 1.61

10001-50000 395 0.58 7.58 1.93

50001-100000 34 0.05 2.56 0.66

100001 ad abv 68 0.10 336.58 85.65

t 68,672 100.00 392.95 100.00

8/6/2019 EIH AR10

28/100

58

13. pr shrh 31 Mrh, 2010

cr n. shr pr h shrh( m)

a. prmr H 182.45 46.43

B. n-prmr H

ial ivr

a. Mal Fd 2.73 0.70

b. Bak, Facal i adirac Cmpa 50.73 12.92

c. Fii 9.43 2.40

sb t 62.89 16.02

ohr

a. Prva Crpra Bd 92.97 23.66

b. ida Pblc 53.38 13.57

c. nRi/oCB 0.86 0.22

d. ohr ha abv 0.40 0.10

sb t 147.61 37.55

t n-prmr H 210.50 53.57

gRand total 392.95 100.00

14. um d

All clamd Dvdd p ad cldg h Facal yar dd 31 March, 2002,hav b rarrd hr h Gral Rv Acc h Cral Gvrmr h ivr edca ad Prc Fd (iePF) a madad dr law.

sharhldr wh hav cahd hr Dvdd Warra rlag h Facalyar b 2002-2003 ar rmdd b h ivr srvc Dvrm m m clam hr dvdd br rar h iePF. udr law, clam r cahd dvdd ca l aga hr h Cmpa r h iePFar a prd v ar rm h da dbrm. thrr, sharhldrwh hav cahd hr Dvdd Warra rlag h Facal yar dd31 March, 2003 ad b ar ar rd cac h ivr srvcDv.

15. l H

A l Hl ad hr b wd a wll a maagd b h Cmpaappar a a Axr h Rpr.

8/6/2019 EIH AR10

29/100

59

16. ar r crr

th Cmpa Rgrd oc ad h ivr srvc Dv ar lcad a4, Mag La, Klkaa-700 001.

Crrpdc rm sharhldr hld b addrd :

th ivr srvc DveiH Lmd4, Mag La,Klkaa-700 001.tlph : 91-33-4000 2200Facml : 91-33-2248 6785 / 91-33-2242 0957e-mal : [email protected]

[email protected]

17. cm wh c 47() h l arm

i cmplac wh Cla 47() h Lg Agrm, a para -mal [email protected] pra a a ddcad iD ll r h prp rgrg vr cmpla.

18. cm wh n-Mr Rqrm c 49

Adp -madar rrm dr acv cdra hCmpa.

19. irm r c 49iv(g)() h l arm

irma pra Cla 49iV(G)() h Lg Agrm prag parclar Drcr b r-appd a h rhcmg Aal Gral Mg cld a a Appdx h nc cvg h Aal Gral Mg.

20. cm crf h ar

th Cmpa ha bad a Crca rm h sar Adr rgardgcmplac cd Crpra Gvrac a plad Cla 49 hLg Agrm. th Crca axd.

Fr ad bhal h Bard


8/6/2019 EIH AR10

30/100

60

l h vr H ohr B u

A. Hl wd ad maagd b eiH Lmdth obr, Mmba th obr udavla, udapr

th obr, nw Dlh th obr Vaavla, Rahambhr

th obr, Bagalr trd, narma P, Mmba

th obr Grad, Klkaa trd, Badra Krla, Mmba

B. Hl wd hrgh sbdar/Aca Cmpa ad maagd b eiH Lmd

th obr Amarvla, Agra trd, Cha

th obr Rajvla, Japr trd, Agra

Wldfwr Hall, Hmalaa trd, Japr

(A obr Rr) trd, udapr

th obr Ccl, shmla trd, Cchth obr, sahl Hahh trd, Bhbawar

th obr, Bal

th obr, Lmbk

th obr, Mar

C. Hl maagd b eiH Lmd

trd, Grga

D. ohr B u wd ad maagd b eiH Lmd

Mr Vl Vrda, Cch obr Flgh srvc, Mmba,

(A Lxr Crr) Dlh,Cha,Klkaa

Mad Hl, Dlh

Prg Pr, Dlh obr Arpr srvc, Mmba,Dlh,Cha,Klkaa,Cch,Bagalr

Lxr Car Hr

B Arcra Charr

n:

eiH Lmd ha ragc/baal vm hl wd b sbdar/AcaCmpa. ovra hl ar maagd hrgh a rg bdar.

8/6/2019 EIH AR10

31/100

61

auditoRs ceRtiFicate

tth Mmbr eiH Lmd

W hav xamd h cmplac cd Crpra Gvrac b eiH Lmdr h ar dd 31 March, 2010 a plad Cla 49 h Lg Agrm h ad Cmpa wh h sck exchag.

th cmplac cd Crpra Gvrac h rpbl hMaagm. or xama wa lmd h prcdr ad mplma hr,adpd b h Cmpa r rg h cmplac h cd Crpra

Gvrac. i hr a ad r a xpr p h Facal sam h Cmpa.

i r p ad h b r rma ad accrdg h xplaa gv :

W cr ha h Cmpa ha cmpld wh h cd Crpra Gvraca plad h abv md Lg Agrm.

W rhr a ha ch cmplac hr a arac a h r vabl h Cmpa r h cc r cv wh whch h Maagm ha

cdcd h aar h Cmpa.

Fr ad bhal

RAy & RAyChartered Accountants

A.K. sharma PartnerMmba Mmbrhp nmbr 8008528h Ma, 2010 Frm Rgra nmbr 301072e

8/6/2019 EIH AR10

32/100

62

stateMent puRsuant to section 212(1)() oF tHe coMpanies act, 1956

Mmba28h Ma, 2010

G. GAnGuLiCompany Secretary

nm h sbr Mrr eiH Mhbr Mmz eiH Fh obr Kr eiH Fhcr R ir Rr l. H l. sr l. H cr

l. l. Mr Rr l. sr l.

Facal ar dg h sbdar 31.03.10 31.03.10 31.03.10 31.03.10 31.03.10 31.03.10 31.03.10

shar hld h 3,277,777 44,607,800 25,999,995 12,390,000 5,386,839 2,176,000 50,000sbdar Cmpa r e shar ordar shar e shar e shar ordar shar e shar e shar

b sbdar Cmpa R. 10 ach, us$ 1 ach, R. 10 ach, R. 10 ach, Mar R. 10 ach, R. 10 ach, he sub-ubdar Cmpa ll pad-p ll pad-p ll pad-p ll pad-p Rp (MuR) 10 ll pad-p ll pad-pa h d acal ar ach, ll h sbdar r pad-psb-bdar Cmpaa h ca ma b - nmbr(ex Hldg) 66.67% 100.00% 78.79% 60.00% 100.00% 80.00% 100.00%

th aggrga Pr/(L) h sbdar Cmpa/sb-bdarCmpa ar a hccr h Mmbr h Cmpa

a) Dal wh h R. 0.60 R. 12.39Acc h Mll nl nl Mll nl nl nlCmpa r har dd31 March, 2010

b) n dal wh hAcc h (R. 24.99) us$ 0.22 R. 9.48 R. 111.91 (MuR 11.71) (R. 0.09) (R. 0.10)Cmpa r h Mll Mll Mll Mll Mll Mll Mllar dd31 March, 2010

th aggrga Pr/(L) h

sbdar Cmpa/sb-bdar Cmpar prv acal ar, ar a h ccr hMmbr h Cmpa

a) Dal wh h Acc h Cmpa p har dd R. 10.13 nl nl R. 18.59 nl nl nl31 March, 2010 Mll Mll

b) n dal wh hAcc hCmpa p har dd R. 18.45 us$ 1.47 (R. 699.01) R. 77.75 (MuR 19.89) (R. 6.56) nl31 March, 2010 Mll Mll Mll Mll Mll Mll

P. R. s. oBeRoi Chairman and Chief Executive

s. s. MuKHeRJi Vice Chairman

ViKRAM oBeRoiJoint Managing Directors

ARJun oBeRoi

s. K. DAsGuPtA

AniL neHRuDirectors

8/6/2019 EIH AR10

33/10063

Auditors report

t

th Mmb

eiH Lm

1. W ha a h aach Balanc sh eiH LiMited (h Cmany)

a a 31 Mach, 2010, h p an L Accn an al h Cah Flw samn

h ya n n ha a ann h. th Fnancal samn a h

nbly h Cmany Managmn. o nbly an

nn n h Fnancal samn ba n a.

2. W cnc a n accanc wh h Ang sana gnally

acc n ina. th sana ha w lan an m h a

ban anabl aanc ab whh h Fnancal samn a

maal mamn. An a ncl amnng, n a ba, ncng h amn an cl n h Fnancal samn. An a al

ncl ang h accnng ncl an gncan ma ma

by Managmn, a wll a alang h all Fnancal samn nan.

W bl ha a a anabl ba nn.

3. A by h Cman (A r) o, 2003, a amn by

h Cman (A r Amnmn) o, 2004, by h Cnal

Gnmn ina n m b-cn (4A) scn 227 h Cman

Ac 1956 (h Ac), an, n h ba ch chck a w cn aa

an accng h nman an lanan gn , w ncl n h

Ann a samn n h ma c n aagah 4 an 5 h a o.

4. Fh cmmn n h Ann n aagah 3 ab,

w ha:

) w ha ban all h nman an lanan, whch, h b

knwlg an bl, w ncay h a;

) n nn, bk accn a by law ha bn k by

h Cmany a a aa m amnan h bk;

) h Balanc sh, p an L Accn an Cah Flw samn al wh

by h a n agmn wh h bk accn;

) n nn, h Balanc sh, p an L Accn an Cah Flw

samn al wh by h cmly wh h Accnng sana

n b-cn (3C) scn 211 h Ac;

) n h ba wn nan c m h dc a n

31 Mach, 2010 an akn n c by h Ba dc, w

ha nn h dc al a n 31 Mach, 2010 m bng

an a a dc n m cla (g) b-cn (1) scn 274

h Ac;

8/6/2019 EIH AR10

34/100

64

) n nn an h b nman an accng h

lanan gn , h a accn a n cnjncn wh

schl 1 23 g h nman by h Ac n h mann an g a an a w n cnmy wh h accnng

ncl gnally acc n ina;

a) n h ca h Balanc sh, h a aa h Cmany a a

31 Mach, 2010;

b) n h ca h p an L Accn, h h ya n

n ha a; an

c) n h ca h Cah Flw samn, h cah fw h ya n

n ha a.

F rAY & rAY

Charered Accunans

A. K. shama

Parner

Mmba Mmbh Nmb 80085

28h May, 2010 Fm rgan Nmb 301072e

8/6/2019 EIH AR10

35/10065

ANNEXURE TO THE AUDITORS REPORT(r n aagah 3 n a)

. (a) th Cmany ha manan c hwng ll acla nclngana al an an a.

(b) All h asss hav no bn physcally vrfd by h Managmn durngh yar bu hr s a rgular programm o vrfcaon whch, n our opnon, srasonabl havng rgard o h sz o h Company and h naur o s asss.th dscrpancs nocd on such vrfcaon ar bng rconcld.

(c) dng h ya h Cmany ha n any banal a a, whch cl ac cnnan a a gng cncn.

. (a) th nny ha bn hycally by h Managmn ng hya. in nn, h ncy can anabl.

(b) in nn, h c hycal can nn llwby h Managmn a anabl an aa n lan h z hCmany an h na bn.

(c) th Cmany mananng c nny. th cancnc n can bwn h hycal ck an h bk c wn maal.

. (a) th Cmany ha n gan any lan, c nc, cman,m h a c n h rg manan n scn 301 h Ac.

(b) in w cmmn n aagah (a) ab, h n Cla (b), (c) an () aagah 4 h aa o a nalcabl h Cmany.

(c) th Cmany ha n akn any lan, c nc, m cman,m h a c n h rg manan n scn 301 h Ac.

() in w cmmn n aagah (c) ab, cla (), (g) aagah 4 h aa o a n alcabl h Cmany.

. in nn an accng h nman an lanan gn , h aa nnal cnl ym cmmna wh h z h Cmanyan h na bn wh ga cha nny, a anwh ga h al g an c. Fh, h n cnnng al cc maj wakn n nnal cnl ym.

. on h ba amnan h bk accn an accng hnman an lanan gn , h Cmany ha n n n anyanacn ng h ya ha n b n n h rg manann scn 301 h Ac an h cla (a) an (b) aagah 4 h aa o a n alcabl h Cmany.

. th Cmany ha n acc any m h blc ng h ya nscn 58A an 58AA h Ac an h Cman (Accanc d)rl, 1975.

. in nn, h Cmany ha an nnal a ym cmmna wh hz h Cmany an na bn.

8/6/2019 EIH AR10

36/100

66

. th Cnal Gnmn ha n cb mannanc c c nscn 209(1)() h Ac h Cmany.

. (a) th Cmany gnally gla n ng wh aa ahn ay nclng n n, n can ancn n, mly a nanc, ncm a, al a, walh a,c a, cm y, c y, c an h maal ay alcabl .

(b) Accng h nman an lanan gn , h a nn amn ayabl n c ncm a, walh a, c a,al a, cm y, c y an c whch w anng a a31 Mach, 2010 a m han mnh m h a hy

bcam ayabl.

(c) Accng h nman an lanan gn , h a n walh a, c a an c whch ha n bn n accn any h han ncm a, al a, cm y, cy an mly a nanc a nca blw:

S.No. Name o the Statute Nature o Forum where Amountthe dues dispute is (Rupees in

pending Miion)

1. incm ta incm ta Cit (Aal) Ac, 1961 Amn Ya 2000-01,

2002-03, 2006-07 & 2007-08 142.82

itAt, Klkaa Amn Ya 2002-03,

2003-04, 2004-05 & 2005-06 429.25 Tota 572.07

2. sal ta Ac sal ta Mahaaha sal taa sa tbnal, Mmba

1999-2000 2004-05 15.26

Cmmcal ta Alla &rnal Ba, Klkaa 2000-01, 2001-02 & 2004-05 4.27

dy Cmmn Cmmcal ta, Klkaa 2004-05 1.15

s. J. Cmmn Cmmcal ta, Klkaa

2005-06 1.38

Cmmcal ta oc,Chnna 2005-06 2.58

Tota 24.64

3. Cm Ac, 1962 Cm Cmmn Cmdy (Aal) 2008-09 452.50

4. Cnal ec ec dy Cm, ec & sc taAc, 1944 Alla tbnal 2009-10 19.49

5. emly sa emly esiC C 1992-93,inanc Ac, 1948 sa 2004-05 & 2005-06 11.12

inanc

8/6/2019 EIH AR10

37/10067

. th Cmany ha n accmla l an ha n nc any cah l ngh ya c by r an h mmaly cng nancal ya.

. Ba n a c an, accng h nman an lanangn , w a h nn ha h Cmany ha n al n aymn nancal nn, bank bn hl.

. th Cmany ha n gan any lan an aanc n h ba cy byway lg ha, bn an h mla c.

. in nn, h Cmany n a ch n a nh/mal bn n/cy. th, h n cla () aagah 4 h aao a n alcabl h Cmany.

. in nn, h Cmany n alng n ang n ha, c,bn an h nmn. Accngly, h n cla ()

aagah 4 h aa o a n alcabl h Cmany.

. th Cmany ha gn gaan lan akn by ba an acacmany m bank an nancal nn. Accng h nman anlanan gn , w a h nn ha h m an cnn nwhch h Cmany ha gn gaan lan akn m bank an nancalnn a n,prima-facie, jcal h n h Cmany.

. Accng h nman an lanan gn , h m lan aby h Cmany ha bn al h whch hy w a.

. Accng h nman an lanan gn an n an allamnan h Balanc sh h Cmany, w ha n n a

n h-m ba ha bn lng-m nmn.. th Cmany ha n a any mny by ha ng h ya.

th, h n cla () aagah 4 h aa o an alcabl h Cmany.

. th Cmany ha n nc bn ng h ya n a.Accngly, h n cla () aagah 4 h aa o an alcabl h Cmany.

. th Cmany ha n a any mny by way blc ng h ya.th, h n cla () aagah 4 h aa o a nalcabl h Cmany.

. dng h c amnan h bk accn ca naccanc wh Gnally Acc Ang pacc, w ha nh cmac any nanc maal a n by h Cmany nc nha w bn nm any ch ca by h Managmn.

F rAY & rAYCharered Accunans

A. K. sHArMAParner

Mmba Mmbh Nmb 8008528h May, 2010 Fm rgan Nmb 301072e

8/6/2019 EIH AR10

38/100

68

Balanc sha a 31 Mach, 2010

Rupees Rupees r

SOURcES OF FUNDS schl Miion Miion MllnsHAreHoLders FuNds

CApitAL 1 785.91 785.91

reserves ANd surpLus 2 13,384.98 13,390.40

14,170.89 14,176.31

LoAN FuNds

seCured LoANs 3 11,745.37 10,229.73

uNseCured LoANs 4 850.00

12,595.37 10,229.73

deFerred tAx - Net 5 1,328.41 1,188.89

totAL 28,094.67 25,594.93

APPlIcATIONS OF FUNDSFixed Assets 6

Gross BLoCK 24,860.88 18,289.87

Less : depreCiAtioN 4,880.54 4,329.21

Net BLoCK 19,980.34 13,960.66

CApitAL WorK-iN-proGress 1,744.64 5,868.52

21,724.98 19,829.18

iNvestMeNts 7 3,782.37 3,498.12

CurreNt Assets, LoANs ANd AdvANCes

iNterest ACCrued 3.27 2.83

iNveNtories 8 300.61 303.63

suNdrY deBtors 9 992.19 922.02CAsH ANd BANK BALANCes 10 137.72 421.18

LoANs ANd AdvANCes 11 3,693.15 3,555.39

5,126.94 5,205.05

Less : CurreNt LiABiLities ANd provisioNs

CurreNt LiABiLities 12 1,870.19 2,260.30

provisioNs 13 669.43 677.12

2,539.62 2,937.42

Net CurreNt Assets 2,587.32 2,267.63

totAL 28,094.67 25,594.93

siGNiFiCANt ACCouNtiNG poLiCies 22

Notes to tHe ACCouNts 23

schl 1 13, 22 & 23 abm an ngal a h Balanc sh.

th h Balanc sh n n a.

GAutAM GANGuLiCmpany Secreary


A.K. sHArMAParner

Mmbh Nmb 80085Fm rgan Nmb 301072e

Mmba, 28h May, 2010

A a 31 Mach2010 2009

p. r. s. oBeroi Chairman and Chief Execuive

s. s. MuKHerJi Vice Chairman

viKrAM oBeroiJin Managing Direcrs

ArJuN oBeroi

s. K. dAsGuptA

ANiL NeHruDirecrs

8/6/2019 EIH AR10

39/10069




ArJuN oBeroi

s. K. dAsGuptA

ANiL NeHruDirecrs

p an L Accn h ya n 31 Mach, 2010

Rupees r

INcOME schl Miion MllnGuest ACCoMModAtioN, restAurANts,BArs & BANquets, etC. 14 7,741.31 8,941.05

otHer iNCoMe 15 1,331.42 1,843.69

9,072.73 10,784.74

EXPENDITURE

CoNsuMptioN oF provisioNs, stores, WiNes & otHers 16 1,190.15 1,090.85

eMpLoYees reMuNerAtioN & WeLFAre expeNses 17 2,448.02 2,506.01

upKeep & serviCe Cost 18 1,203.10 1,329.24

AdMiNistrAtive, seLLiNG ANd otHer expeNses 19 1,652.41 1,741.35

iNterest ANd FiNANCe CHArGes (N 15) 20 1,008.85 825.03

MisCeLLANeous expeNditure AMortised (N 16) 17.25

depreCiAtioN (N 9b) 680.31 542.40 8,182.84 8,052.13

proFit BeFore tAx 889.89 2,732.61

tAx 21 317.62 1,028.19

proFit AFter tAx 572.27 1,704.42

BALANCe BrouGHt ForWArd FroM previous YeAr 3,158.64 2,494.02

ForeiGN exCHANGe eArNiNGs reserve WritteN BACK 10.60

3,730.91 4,209.04

APPROPRIATIONS

GeNerAL reserve 100.00 500.00

proposed divideNd oN

equitY sHAres 471.54 471.54

tAx oN divideNd 76.16 78.86BALANCe CArried to BALANCe sHeet 3,083.21 3,158.64

3,730.91 4,209.04

siGNiFiCANt ACCouNtiNG poLiCies 22

Notes to tHe ACCouNts 23

BAsiC ANd diLuted eArNiNGs per sHAre 1.46 4.34(n r) Fac val r. 2 (N 18)

NuMBer oF equitY sHAres 392,953,972 392,953,972

schl 14 23 abm an ngal a h p an L Accn.

th h p an L Accn n n a.

GAutAM GANGuLiCmpany Secreary

Ya n 31 Mach2010 2009


A.K. sHArMAParner


Mmba, 28h May, 2010

8/6/2019 EIH AR10

40/100

70

Ya n 31 Mach2010 2009

Rupees rMiion Mlln

A. cASH FlOW FROM OPERATING AcTIVITIES

p b taan 889.89 2,732.61

Ajmn :

Mcllan en Am 17.25

dcan 680.31 542.40

(p)/L n sal F A (N) 25.80 29.76

pn mnn n al nmn 0.75

in rc (50.71) (139.44)

dn rc (23.83) (25.25)

in pa 1,008.85 825.03

oang p b Wkng Caal Chang 2,530.31 3,983.11

Ajmn :

ta & oh rcabl (330.09) (1,148.98)

inn 3.02 28.93

ta payabl (400.93) 410.07

Cah Gna m oan 1,802.31 3,273.13

in pa (990.03) (830.79)

paymn dc ta (262.98) (1,005.45)

N cah m oang Ac 549.30 1,436.89

B. cASH FlOW FROM INVESTING AcTIVITIES

pcha F A (2,656.99) (2,857.63)

sal F A 25.08 40.33

pcha inmn (284.25) (0.01)

sal inmn 89.21

in rc 178.46 62.44

dn rc 23.83 25.25

Cah n inng Ac (2,713.87) (2,640.41)

Cah Flw samn

8/6/2019 EIH AR10

41/10071

Cah Flw samn Cnd.

Ya n 31 Mach2010 2009

Rupees rMiion Mlln

c. cASH FlOW FROM FINANcING AcTIVITIES

pc m Bwng

tm Lan 2,400.00 3,750.00

Cah C 532.44

unc Lan 850.00

raymn

tm Lan (1,431.70) (675.00)

Cah C (890.41)

unc Lan (120.00)

dn pa (469.63) (704.13)

N Cah n Fnancng Ac 1,881.11 1,360.46

N inca / (dca) n Cah & Cah ealn (A+B+C) (283.46) 156.94

Cah an Cah ealn a h bgnnng h ya 421.18 264.24

Cah an Cah ealn a h n h ya 137.72 421.18

Notes :

1. th Cah Flw samn ha bn a n nc mh c n ca n ncm, cha an al nmnwhch ha bn cn n h ba acal cah mmn, wh cnng ajmn n A an Labl.

2. Cah an Cah ealn n Cah an Bank balanc.

3. An F A a a ncl mmn Caal Wk-n-pg bwn h bgnnng an h n hya an a a a a inng Ac.

th h Cah Flw samn n n a.




ArJuN oBeroi

s. K. dAsGuptA

ANiL NeHruDirecrsGAutAM GANGuLi

Cmpany Secreary


A.K. sHArMAParner


Mmba, 28h May, 2010

8/6/2019 EIH AR10

42/100

72

schl Accn

Rupees rMiion Mlln

1

SHARE cAPITAl

AutHorised

1,500,000,000 ey sha r. 2 ach 3,000.00 3,000.00(2009 - 1,500,000,000)

3,000.00 3,000.00

issued, suBsCriBed, CALLed & pAid up

392,953,972 ey sha r. 2 ach, lly a 785.91 785.91(2009 - 392,953,972)

785.91 785.91

NotES :

o h ab h llwng w all :

(a) a lly a ha -

() 3,219,125 (2009 - 3,219,125) r. 2 ach n 1965-66 a lly a an a cnac wh aymn bng cn cah.

() 181,720 (2009 - 181,720) r. 2 ach n 1968-69 n m h o h Calca Hgh C a 9h smb, 1968n h schm Cmm/Aangmn wh aymn bng c n cah.

(b) a lly a Bn sha -

() 6,688,725 (2009 - 6,688,725) r. 2 ach n 1979-80 by caalan Gnal r.

() 24,765,655 (2009 - 24,765,655) r. 2 ach n 1984-85 by caalan Gnal r.

() 23,603,520 (2009 - 23,603,520) r. 2 ach n 1992-93 by caalan sc pmm Accn.



A a 31 Mach2010 2009

8/6/2019 EIH AR10

43/10073

schl Accn Cnd.

Rupees Rupees rMiion Miion Mlln

2

RESERVES AND SURPlUS

CApitAL redeMptioN reserve

A la Accn 1,024.21 1,024.21

seCurities preMiuM ACCouNt

A la Accn 1,053.16 1,053.16

revALuAtioN reserve (N 8a)

A la Accn 2,382.47 2,412.46

Less : Ajmn dcan (N 9b) 29.99 29.99

2,352.48 2,382.47

ForeiGN exCHANGe eArNiNGs reserve

A la Accn 10.60

Less : tan p & L Accn 10.60

GeNerAL reserve

A la Accn 5,771.92 5,271.92

Add : tan m p & L Accn 100.00 500.005,871.92 5,771.92

proFit ANd Loss ACCouNt

A ann Accn 3,083.21 3,158.64

13,384.98 13,390.40

A a 31 Mach2010 2009

8/6/2019 EIH AR10

44/100

74

schl Accn Cnd.

Rupees rMiion Mlln

3

SEcURED lOANS

terM LoAN FroM BANKs 11,212.93 10,229.73

CAsH Credit FroM BANKs 532.44

11,745.37 10,229.73

PARTIcUlARS OF SEcURITIES

terM LoANs FroM BANKs

stAte BANK oF iNdiA - t/L ir. 450 Mlln (2009-r. 225 Mlln) ayabl whn n ya 1,050.00 1,275.00

stAte BANK oF iNdiA - t/L ii

r. 600 Mlln (2009-r. 100 Mlln) ayabl whn n ya 4,400.00 4,500.00uNited BANK oF iNdiA - t/L ir. 720 Mlln (2009-r. 540 Mlln) ayabl whn n ya 720.00 1,260.00

iNterest ACCrued ANd due oN uNited BANK oF iNdiA - t/L i 25.77 36.43

uNited BANK oF iNdiA - t/L iir. 83.30 Mlln (2009-r. Nl) ayabl whn n ya 1,000.00 500.00

iNterest ACCrued ANd due oN uNited BANK oF iNdiA - t/L ii 25.56

Axis BANK LiMitedr. 425 Mlln (2009-r. 425 Mlln) ayabl whn n ya 425.00 425.00

stAte BANK oF HYderABAd - t/L ir. 500 Mlln (2009-r. 200 Mlln) ayabl whn n ya 1,300.00 1,500.00

stAte BANK oF HYderABAd - t/L iir. 366.60 Mlln (2009-r. 366.70 Mlln) ayabl whn n ya 366.60 733.30

tHe HoNGKoNG & sHANGHAi BANKiNG CorporAtioN LiMited (HsBC) 1,000.00

HdFC BANK LiMited 900.00

11,212.93 10,229.73

tm Lan m sa Bank ina (t/L i) an HdFC Bank Lm a c by way abl mgag by l nc h Cmany hl n Mmba knwn a tn, Naman pn, ankngpari passu. Can abl mgag n a HdFC Bank Lm, ankngpari passu, n g.

tm Lan m sa Bank ina (t/L ii) c by way chag n mabl a h Cmany hl n Mmba knwna tn, Bana Kla, bh n an an by way abl mgag by l h a hl y.

tm Lan m un Bank ina (t/L i) an sa Bank Hyaba (t/L i) a c by way abl mgag by l h Cmany hl n Klkaa knwn a th ob Gan, ankngpari passu.

tm Lan m Axis Bank Lm, un Bank ina (t/L ii) an HsBC a c by way abl mgag by l n c h Cmany hl n dlh knwn a Man Hl, ankngpari passu.

tm Lan m sa Bank Hyaba (t/L ii) c by hyhcan an Aca an h plan an Machny eiH pnng pa Mana, Ggan an by way abl mgag by l eiH pnng p a Mana.

Rupees rMiion Mlln

CAsH Credit FroM BANKs

uNited BANK oF iNdiA 509.06

tHe HoNGKoNG ANd sHANGHAi BANKiNG CorporAtioN LiMited 23.38

532.44

Cah C aangmn a c by way hyhcan all ck inn, Bk db an h Cn A hCmany, bh n an , ankngpari passu. Cah c wh un Bank ina anally c by way cnchag n c h Cmany hl n Klkaa knwn a th ob Gan.

A a 31 Mach2010 2009

8/6/2019 EIH AR10

45/10075

schl Accn Cnd.


4

UNSEcURED lOANS

sHort terM LoANs FroM BANKs

tHe HoNGKoNG ANd sHANGHAi BANKiNGCorporAtioN LiMited - ayabl whn n ya 100.00

tHe roYAL BANK oF sCotLANd N.v. - ayabl whn n ya 750.00

850.00

A a 31 Mach2010 2009

5DEFERRED TAX - NET

deFerred tAx LiABiLities

depreCiAtioN 1,481.08 1,329.45

deFerred tAx Assets

ACCrued expeNses deduCtiBLe oN pAYMeNt 74.14 61.86

LeAve eNCAsHMeNt 7.84 9.55

provisioN For deBts ANd AdvANCes 70.69 69.15

152.67 140.56deFerred tAx LiABiLities (Net) 1,328.41 1,188.89

8/6/2019 EIH AR10

46/100

76

schl Accn Cnd.

6 FIXEDA

SSETS

rupeesinMillion

GrossBLoCK

depreCiAtioN

NetBLoCK

ognalC/

An

sal/

ognalC/

Aa31

Fh

L:sal/

Aa31

Asat31st

Aa31

raluan

Ajumn

raluan

Mach,2009

YaAjumn

Mach,2010

Marc

h,

2010

Mach

,2009

aa31

aa31

Mach,2009

Mach,2

010

r.

r.

r.

r.

r.

r.

r.

r.

Rs.

r.

Bunrgh

(inangblA)

78.72

78.72

78.72

78.72

FhlLannclung

lmnc

1,514.88

0.12

1,514.76

1,5

14.7

6

1,514.88

LahlLan

2,064.76

571.86

2,636.62

1.91

9.12

11.03

2,6

25.5

9

2,062.85

Bulng(N8b)

6,531.11

3,597.02

10.59

10,117.54

1,522.62

156.19

3.36

1,675.45

8,4

42.0

9

5,008.49

sanayinallan

307.46

298.32

14.01

591.77

63.74

9.39

4.85

68.28

523.4

9

243.72

plan&Machny

5,835.11

1,778.14

105.13

7,508.12

1,927.80

374.85

81.75

2,220.90

5,2

87.2

2

3,907.31

LaMachny(N10)

239.43

239.43

0.83

17.76

18.59

220.8

4

238.60

Funu&Fng

717.40

490.06

33.98

1,173.48

481.83

60.44

30.77

511.50

661.9

8

235.57

vhcl

255.64

13.09

15.41

253.32

110.53

23.19

13.04

120.68

132.6

4

145.11

Lavhcl(N10)

105.58

32.39

30.63

107.34

48.53

24.32

25.20

47.65

59.6

9

57.05

Ba

49.51

_

49.51

8.73

1.98

10.71

38.8

0

40.78

Acaf

590.27

590.27

83.97

33.06

117.03

473.2

4

506.30

18,289.87

6,780.88

209.87

24,860.88

4,329.21

710.30

158.97

4,880.54

19,9

80.3

4

13,960.66

CaalWk-n-pg

nclung

Caalaanc

cng

r.42.70Mlln

(2009-r.15.25Mlln)

5,868.52

1,969.13

6,093.01

1,744.64

1,7

44.6

4

5,868.52

24,158.39

8,750.01

6,302.88

26,605.52

4,329.21

710.30

158.97

4,880.54

21,7

24.9

8

19,829.18

puya

21,520.30

4,275.28

1,637.19

24,158.39

3,906.26

572.39

149.44

4,329.21

19,829.18

8/6/2019 EIH AR10

47/10077

schl Accn Cnd.

Rupees rMiion Mlln

7

INVESTMENTS (Note 12)

long Term Investments

Trade Investments

Quoted

7,071,333 (2009 - 7,071,333) ey sha r. 10 ach eiH Aca Hl Lm lly a 596.34 596.34

200,000 (2009 - 200,000) ey sha r. 10 ach ryal Man Hl an in Lm lly a 2.00 2.00

25,000 (2009 - 25,000) ey sha r. 10 ach tm Fnanc Can ina Lm lly a 0.50 0.50

Unquoted

18,720,000 (2009 - 18,720,000) ey sha r. 10 ach L&t Bangal A Hl Lm lly a 187.20 187.20

25,950,000 (2009 - 4,800,000) ey sha r. 10 ach Gln Jbl Hl Lm lly a 259.50 48.00

Subsidiar companies

Unquoted

44,607,800 (2009 - 44,607,800) ey sha $1 ach eiH innanal Lm lly a 1,908.74 1,908.74

25,999,995 (2009 - 25,999,995) ey sha r. 10 ach Mahba r Lm lly a 260.04 260.04

2,176,000 (2009 - 2,176,000) ey sha r. 10 ach ob Kala Hl an r Lm lly a 21.76 21.76

12,390,000 (2009 - 12,390,000) ey sha r. 10 ach Mmaz Hl Lm lly a 394.72 394.72

3,277,777 (2009 - 500,000) ey sha r. 10 ach Mcy Ca rnal Lm lly a

2,777,777 sha ac ng h ya a a mm, whch555,555 ha a ac by cnn 100,000 Cmlarmabl pnc sha r. 100 ach lly a 55.00 5.00

5,386,839 (2009 - 3,300,000) ey sha Ma r 10 ach eiH Flgh sc Lm, Ma lly a 77.17 44.99

Nl (2009 - 100,000) 6% Cmla rmabl pnc sha r. 100 ach Mcy Ca rnal Lm lly a

100,000 Cmla rmabl pnc sha r. 100 ach cnng h ya n 555,555 ey sha r. 10 ach lly a 10.00

50,000 (2009 - Nl) ey sha r. 10 ach eiH Flgh Cang sc Lm lly a 0.50

A a 31 Mach2010 2009

8/6/2019 EIH AR10

48/100

78

schl Accn Cnd.

7

INVESTMENTS (Note 12) - Contd.

Others - Investments

in Shares (Unquoted)

849,575 (2009 - 849,575) ey sha r. 10 ach Mcy tal Lm lly a 18.69 18.69

75,000 (2009 - 75,000) ey sha r. 10 ach CCA L sc pa Lm lly a 0.75 0.75

Less : pn mnn n al inmn 0.75 0.75

in Government Seurities (Unquoted)

7 ya Nanal sang Cca (N 6) 0.21 0.14

3,782.37 3,498.12

Bk val Mak val r r

Mlln Mlln

q 598.84 926.13(598.84) (376.05)

un 3,183.53 (2,899.28)

3,782.37(3,498.12)

(Fg n back n g 2009)

dng h ya, h llwng cn nmn w cha an l:

6,525,391.931 un HdFC L Fn pmm plan - dn - daly rn a c an al c r. 80.00 Mlln.

A a 31 Mach2010 2009

Rupees Rupees r Miion Miion Mlln

8/6/2019 EIH AR10

49/100

8/6/2019 EIH AR10

50/100

80

Rupees Rupees r

10 Miion Miion Mlln

cASH & BANk BAlANcES

Cah n han nclng ch n hanr. 25.32 Mlln (2009 - r. 15.60 Mlln) 44.92 34.92

Bank Balanc :Wh schl Bank :

Cn Accn 25.40 172.95

F d (N 6) 31.96 181.13

una dn Accn 25.24 23.33

Magn Accn 1.90 0.71

ecw Accn / Facnal sha al c 0.21 0.21

84.71

Wh oh :F d wh Mahbank, dba 0.61 0.70(Mamm Balanc ng h ya r. 0.70 Mlln; 2009 - r. 0.70 Mlln)

Cn Accn wh :

Cbank, Nw Yk 0.11 0.01(Mamm Balanc ng h ya r. 6.00 Mlln; 2009 - r. 5.73 Mlln)

th Hngkng an shangha Bankng Can Lm, snga 0.08 0.76(Mamm Balanc ng h ya r. 3.58 Mlln; 2009 - r. 3.01 Mlln)

Hngkng Bank Aala Lm, syny 0.06 0.22(Mamm Balanc ng h ya r. 3.31 Mlln; 2009 - r. 3.37 Mlln)

th Hngkng an shangha Bankng Can Lm, Lnn 6.51 5.83

(Mamm Balanc ng h ya r. 8.93 Mlln; 2009 - r. 12.39 Mlln)Mahbank, dba 0.72 0.41(Mamm Balanc ng h ya r. 2.22 Mlln; 2009 - r. 2.48 Mlln)

137.72 421.18

A a 31 Mach2010 2009

schl Accn Cnd.

8/6/2019 EIH AR10

51/100

8/6/2019 EIH AR10

52/100

82

schl Accn Cnd.

13PROVISIONS

p dn n ey sha 471.54 471.54

ta n dn 76.16 78.86

Walh ta (n Aanc) 4.85 4.80

La encahmn 116.88 121.92

669.43 677.12

A a 31 Mach2010 2009

Rupees Rupees

r12 Miion Miion Mlln

cURRENT lIABIlITIES

sny C

tal anng Mc en an small en (N 5)

tal anng C h han Mc enan small en (nclng amn Mcy Ca rnal Lm - sbay Cmanyr. 10.01 Mlln (2009 - r. 8.01 Mlln) 955.36 1,436.57

955.36 1,436.57

Cnbn wa Gay 17.44 1.61

scy d 146.26 147.03

Lably La A (N 10) 254.21 291.00

in acc b n 3.91 oh Labl 463.08 355.06

unclam Facnal sha al c 0.21 0.21

unclam dn 25.24 23.33

in ecan an pcn Fn :

in n unclam d 0.23 0.23

unclam Ch an Waan - F d 4.25 5.26

1,870.19 2,260.30

8/6/2019 EIH AR10

53/10083

schl Accn Cnd.

Rupees Rupees r14 Miion Miion Mlln

INcOME FROM GUEST AccOMMODATION,RESTAURANTS, BARS & BANQUETS, ETc. (Note 20)

rm 3,238.28 4,220.82

F an Bag 2,996.53 3,330.04

oh sc 1,506.50 1,390.19

7,741.31 8,941.05

15

OTHER INcOME

in (G)

ta F Bn - Lng-m inmn (Nn-a) 1.00

Lan 30.40 103.12

Bank 7.28 14.48

oh 2.25 2.25

incm-a rn 10.78 18.59

(ta a c r. 5.45 Mlln; 2009 - r. 26.83 Mlln) 50.71

dn (G)

Fm sbay Cman - Lng-m 12.99 7.54

Fm Lng-m inmn (ta) 10.60 17.68

Fm Lng-m inmn (Nn-a) 0.02 0.02

Fm Cn inmn - Mal Fn (Nn-a) 0.22

sal pnng Maal (N 21) 492.71 491.83

Mcllan incm 237.41 214.41

inanc Clam - Bn inn L (N 4) 526.76 967.60

Gan n echang 5.17

1,331.42 1,843.69

16

cONSUMPTION OF PROVISIONS,STORES, WINES & OTHERS (Notes 20, 23(b))

onng sck 157.14 196.75

Add : pcha 1,161.51 1,051.24

1,318.65 1,247.99

Less : Clng sck 128.50 157.14

1,190.15 1,090.85

17

EMPlOyEES REMUNERATION & WElFARE EXPENSES

sala, Wag & Bn 2,109.39 2,141.22

Cnbn pn Fn 87.17 82.97

Wkmn & sa Wla en 163.60 151.16

Cmmn dc (N 19) 54.91 113.22

Gay 32.95 17.44

2,448.02 2,506.01

Ya n 31 Mach2010 2009

8/6/2019 EIH AR10

54/100

84

Rupees Rupees r18 Miion Miion Mlln

UPkEEP & SERVIcE cOST

Lnn, unm Wahng & Lany en 23.88 23.48

en n Aamn & Ba 119.44 111.38

pw & Fl 594.48 636.73

rnwal & rlacmn 80.06 65.52

ra :

Blng 107.98 172.91

plan & Machny 214.58 190.56

oh 62.68 128.66

385.24

1,203.10 1,329.24

19

ADMINISTRATIVE, SEllING & OTHER EXPENSESrn (N 11) 253.75 272.52

ryaly, Fanch F & Mmbh F 79.79 95.67

Amn, pblcy & oh pmnal en 219.22 273.98

Cmmn tal Agn & h 129.60 179.21

ra & ta 229.65 187.36

inanc 47.84 42.24

paag & tallng 248.57 250.82

pag, tlhn, c. 99.19 117.24

Mcal, Ban & Kchn en 44.25 48.10

dc F 0.64 0.64

L n sal/dca A (N) 25.80 29.76L n chang 0.59

pn/w : db & Aanc 8.32 15.10

pn mnn n al nmn 0.75

A rmnan (N 17) 8.88 8.61

Mcllan en 256.32 219.35

1,652.41 1,741.35

20

INTEREST AND FINANcE cHARGES (Note 15)on F Lan 959.79 792.26

on oh 49.06 32.77

1,008.85 825.03

21

TAXincm ta 171.00 920.00

Walh ta 4.10 4.00

d ta 139.52 72.23

Fng Bn ta 26.98

314.62 1,023.21

ta ajmn lang al ya 3.00 4.98

317.62 1,028.19

schl Accn Cnd.

Ya n 31 Mach2010 2009

8/6/2019 EIH AR10

55/10085

schl Accn Cnd.

22SIGNIFIcANT AccOUNTING POlIcIES

BASIS OF PREPARATION OF FINANcIAl STATEMENTSth Fnancal samn a a n h hcal c cnnn (c wh mamn ma an alan ca) n h ba gng cncn an n accanc wh Accnng sana n by h Cman (Accnng sana)rl, 2006 by h Cnal Gnmn n cnlan wh h Nanal Ay Cmm n Accnng sana anlan n h Cman Ac, 1956 an n accal ba.

USE OF ESTIMATESin ang h Fnancal samn n cnmy wh accnng ncl gnally acc n ina, Managmn mak ma an amn ha ac h amn a an labl an h cl cnngn labl a ah a Fnancal samn an h amn n an n ng h . Acal l cl mh ma. Any n ch ma cgn n h h am mn.

PRIOR PERIOD ADJUSTMENTS, EXcEPTIONAl ITEMS, EXTRAORDINARy ITEMS AND cHANGES IN AccOUNTING POlIcIESp ajmn, cnal m, anay m an chang n accnng lc hang maal mac n h

nancal aa h Cmany a cl.

FIXED ASSETSF A a a a c acn cncn an n ca alan a a al amn n mamnl any, l can/aman. C n c n nc n acn cncn h a an hha nc n lang cncn allca n n h c c nl.

A ac n la ba a a a h cah al l can/aman.

Caal Wk-n-pg cm anng aanc a/ayabl ac a an h c a ha a ny ay h nn a h ng a.

DEPREcIATIONdcan n a h han lan, can blng n lahl lan an la hcl n sagh LnMh a h a whch a n cnmy wh h mn h Cman Ac, 1956. Can a nclng lahcl, blng nall n lahl lan (h han n al la) a ca h l h c la

h manng la m h a nallan, whch h. vhcl ac n la a ca h c la y mnh m h a acn, whch al. Lng m lahl lan (h hann al la) a ca h balanc la, cmmncng m h a h lan cmmcal. th anal can n h nca n h al a alan aj agan ralan r.

REVENUE REcOGNITION rn m haly c cgn whn h c a n an h am bcm chagabl. rn m

al nng an h maal cgn n ach maal.

rn m n acc an cgn n m ba an mn by cnacal a n.

dn ncm a a g an cgn whn gh c aymn ablh.

rn m sh Lcnc F, Managmn an Makng F ncl n oh incm cgn n accal ba a m cnac.

IMPAIRMENT OF ASSETS

imamn acan a ach Balanc sh a n c h Cmany a. An mamn l cgnwhn h cayng amn an a cah gnang n c cabl amn.

FINANcE lEASESin c a ac n a 1 Al, 2001, h am a caal a h lw h a al an n al hmnmm la aymn a h ncn h la m. La aymn a an bwn h n chag an cn h la lably a ach a cnan a n n h manng balanc h lably. in cmnn chag h p an L Accn n in an Fnanc chag.

INVESTMENTSinmn hl by h Cmany whch a lng m n na a a a c nl h any mann mnn n alwh n mnn ma n nal nmn ba. Cn nmn a al a c mak c a al, whch lw. eanng n nmn a accn n accal ba.

8/6/2019 EIH AR10

56/100

86

schl Accn Cnd.

INVENTORIESinn a al a c whch ba n F-in-F-o mh n alabl al, whch lw. uncabl/

amag/ca ck an hag a chag h p an L Accn.

TRANSAcTIONS IN FOREIGN cURRENcysal ma n gn cncy a cn a h alng alcabl chang a. Gan/L ang fcan nchang a accn n alan.

paymn ma n gn cncy nclng acng nmn a cn a h alcabl a alng n h a manc. Lably n accn gn cncy cn a h chang a alng a h n h ya. Mnay mnmna n gn cncy a cn a h chang a alng a h n h ya.

rn n all h a sal oc a cn a h aag chang a h ya. A an Labl hhan F A a cn a h chang a alng a h cl h accnng ya an F A a cn a hmnh-n chang a h mnh acn.

Fgn cncy lan c by wa cnac a algn a h wa cnac a, whl h n c by wacnac a algn a h a lng a h ya n. th nc n algnmn a accn n h p an LAccn.

EMPlOyEE BENEFITSsh tm emly Bn cgn a an n n h p an L Accn h ya n whch la c n.

p mlymn an h Lng tm emly Bn a n h Accn n h llwng mann :() Gay - Manan a a n bn mn lan an cnbn ma h L inanc Can ina,

a Cmany schm. pn/w back, any, ma n h ba h n al h lably a a h Balancsh a mn by acaal alan llwng pjc un C Mh an a a lably.

() La ncahmn n mnan c - A acaal alan a a h Balanc sh a llwng jcun C Mh.

() pn Fn : pn Fn m h mly a dn Cnbn schm, wh h cnbn ma a Fn amn by h Gnmn pn Fn Ahy.

F a w mly, pn Fn, amn by a rcgn t, a dn Bn plan whn h mly anh Cmany mak mnhly cnbn. pnng h anc Ganc N m h Acaal scy ina, acaal

alan n ca an h Cmany lably a ya n, n c h hall, any, ncnman m h t ch Fn.

BORROWING cOSTBwng c ha ababl h acn/cncn a a caal a a h c h ca. oh bwng c a cgn a n n h ya n whch hy a.

SHARE ISSUE EXPENSESsha n a chag h p an L Accn.

TAXES ON INcOMEincm-a accn n accanc wh Accnng sana n Accnng a n ncm n an hCman (Accnng sana) rl, 2006.

d a an cgn n mng nc bwn aabl ncm an accnng ncm bjc nalcnan. d a a n nabb can an cay wa l a n cgn nl h al

cany ab aalably aabl ncm al ch a.

PROPOSED DIVIDENDdn cmmn by h Ba dc n h Accn nng shahl aal.

PROVISIONS, cONTINGENT lIABIlITIES AND cONTINGENT ASSETSpn a cgn whn h a n lgal ay blgan a a l a n an wh babl ha hwll b fw c l h blgan an whn a labl ma h amn h blgan can b ma.

Cnngn Labl a cgn nly whn h a bl blgan ang m a n ccnc nn-ccnc n m ncan n n whlly whn h cnl h Cmany wh any n blgancann b ma n m fw c wh a labl ma h blgan cann b ma. oblgana a n an n gng ba an nly h hang a lagly babl fw c a .

Cnngn A a n cgn n h Fnancal samn.

8/6/2019 EIH AR10

57/10087

schl Accn Cnd.

23

NOTES TO THE AccOUNTS

1. (a) th ob, Mmba wa anal n h ya 25h Nmb, 2008. th hl man an

hgh h nancal ya n 31 Mach, 2010.

(b) tn, Bana Kla, Mmba a an m 1 dcmb, 2009.

(c) tn, Naman pn, Mmba man an m 26h Nmb, 2008 20h dcmb, 2008.

2. th ma amn cnac manng b c n caal accn an n n aanc

r. 597.03 Mlln (2009-r. 423.65 Mlln).

3. Cnngn Labl n n c -

() Clam agan h Cmany nng alla/jcal cn :(a) sal ta r. 24.64 Mlln (2009-r. 24.52 Mlln)

(b) incm-a r. 572.07 Mlln (2009-r. 394.50 Mlln)

(c) py ta r. 170.64 Mlln (2009-r. 217.58 Mlln)

() enanmn ta r. 9.65 Mlln (2009-r. 9.13 Mlln)

() Cm dy r. 452.50 Mlln (2009-r. 452.50 Mlln)

() esi clam r. 11.12 Mlln (2009-r. 3.13 Mlln)

(g) ec dy r. 19.49 Mlln (2009-r. 9.86 Mlln)

(h) oh r. 21.47 Mlln (2009-r. 14.59 Mlln)

() Gaan gn Bank & Fnancal inn r. 2,249.50 Mlln (2009-r. 1,349.50 Mlln) agan nancal

acl aal by h bay, jn n an aca cman.

4. th Cmany aaly n agan amag ca by aack n w Mmba Hl, .., tn, Naman

pn, Mmba an th ob, Mmba. th nanc cag n lacmn al ba. N nal ajmn ha bn

ma n h bk accn n c amag h nng lmn clam.

th Cmany ha cgn r. 526.76 Mlln (2009-r. 967.60 Mlln) a ncm ng h nancal ya n accn

nanc clam l bn nn n c tn, Naman pn, Mmba an th ob, Mmba.

Agan h al clam r. 1,494.36 Mlln cgn a ncm by h Cmany, h nanc cmany ha a

r. 800 Mlln. Fnal lmn h clam nng.

5. th a n abl amn n accn ncal an n any ch aymn ng h ya a by

Mc, small an Mm en dlmn Ac, 2006, n c Mc en an small en a n

n h Ac. th ba n nman ma aalabl h Cmany by ch n.

6. F d & 7 Ya Nanal sang Cca agggang r. 20.17 Mlln (2009-r. 23.13 Mlln) ha bn lg

wh h Bank/Gnmn Ah banng gaan a scy d.

8/6/2019 EIH AR10

58/100

88

schl Accn Cnd.

7. dn Bn plan/Lng tm Cmna Abnc n 31 Mach, 2010 a Acaal valan ng pjc unC Mh an cgn n h Fnancal samn n c emly Bn schm:

(r n Mlln)

year ended 31st Marh, 2010 Ya n 31 Mach, 2009

Gratuit leave Gay LaEnashment encahmn

(Funded) (Ununded) (Fn) (unn)

I components o Empoer Expenses1 Cn sc C 15.52 37.75 15.83 23.742 in C 22.54 9.75 22.11 9.013 ec n n plan A (27.33) - (26.49) -4 Calmn C/(C) - - - -5 slmn C/(C) - - - -6 pa sc C - - - -7 Acaal L/(Gan) 22.23 (21.45) 5.99 (2.92)8 Tota expenses reognised in the Statement o

Prot and loss Aount 32.96 26.05 17.44 29.83

th Gay en ha bn cgn n Cnbn Gay Fn an La encahmn n sala/Wag anBn n schl 17.

II Net Asset / (liabiit) reognised inBaane Sheet as at 31st Marh, 20101 pn val dn Bn oblgan 311.55 116.88 281.79 121.922 Fa val n plan A 294.11 - 280.18 -3 sa [sl/(dc)] (17.44) (116.88) (1.61) (121.92)4 uncgn pa sc C - - - -5 Net Asset/(liabiit) reognised in Baane Sheet (17.44) (116.88) (1.61) (121.92)

III change in Dened Benet Obigation (DBO)during the ear ended 31st Marh, 20101 pn val dBo a h bgnnng ya 281.79 121.92 276.42 109.24

2 Cn sc C 15.52 37.75 15.84 23.743 in C 22.54 9.75 22.11 9.014 Calmn C/(C) - - - -5 slmn C/(C) - - - -6 plan Amnmn - - - -7 Acn - - - -8 Acaal (Gan)/L 22.23 (21.46) 5.99 (2.92)9 Bn pa (30.53) (31.08) (38.57) (17.15)10 Present Vaue o DBO at the end o ear 311.55 116.88 281.79 121.92

IV change in Fair Vaue o Assets during the earended 31st Marh, 20101 plan A a h bgnnng ya 280.18 - 262.81 -2 Acn Ajmn - - - -3 Acaal rn n plan A 27.33 - 26.49 -4 Acaal Gan/(L) - - - -

5 Acal Cmany Cnbn 17.13 - 29.45 -6 Bn pa (30.53) - (38.57) -7 Pan Assets at the end o ear 294.11 - 280.18 -

V Investments Detaisin wh LiC n G Gay schm 100% 100%

VI Atuaria Assumptions1 dcn ra (%) 8% 8% 8% 8%2 ec a n 9.40% 9.40% 3 salay ecalan (%) 3% 3% 3.5% 3%

4 Maly inan a l maly inan a l maly(1994-96) (m) ulma (1994-96) (m) ulma

8/6/2019 EIH AR10

59/10089

schl Accn Cnd.

8. (a) Fhl/Lahl Lan al na an Blng a m lcan w al n 31 Mach, 1982 an

31 Mach, 1993 lng n a l r. 2,863.88 Mlln whch ncl n h gnal c. th alan wa

ca by an a al n h ba ca lacmn c. th na nc wa n mnnn h . th l wa an ralan r.

(b) Blng ncl cncn c 850 ca akng ac amnng r. 292.81 Mlln whch a h la

agmn a 4h May, 2001 wh MMrd Ahy wll ha b an h a Ahy hgh a lcnc

agmn a lcnc r. 1 annm.

9. (a) dcan ha bn n h Accn n sagh Ln Mh a h a cb n schl xiv

h Cman Ac, 1956 c cc a whch a ca h l l h a, whch a n

l han h cb n h Cman Ac, 1956.

(b) dcan h ya a h F A schl (schl-6) ncl r. 29.99 Mlln (2009-r. 29.99 Mlln)

bng can n h nca al blng h c alan an, accngly, h am ha bn

aj m h ralan r Accn.

10. F A ac n nanc la amn r. 346.77 Mlln (2009-r. 345.01 Mlln) bng h a ac bwn1 Al, 2001 31 Mach, 2010. th ncl an amn r. 32.39 Mlln (2009-r. 272.68 Mlln) bng a ac

ng h ya n nanc la an caal n ln wh h mn Accnng sana (As-19). dcan

h ya ncl an amn r. 42.08 Mlln (2009-r. 23.64 Mlln) bng can chag n h a.

th ya-w bak- h anng a n 31 Mach, 2010 n c h a a a n:

Ya n 31 Mach 2010 2009

Rupees rMiion Mlln

Assets taen on ease

tal Mnmm La paymn a h ya n 293.49 339.91

pn al Mnmm La paymn 254.22 291.00

Not ater than one ear Mnmm La paymn 82.40 81.83

pn al 64.63 62.39

later than one ear but not ater than ve ears

Mnmm La paymn 211.09 258.08

pn al 189.59 228.61

later than ve ears

Mnmm La paymn

pn al

(a) Cnngn n cgn a n n h samn

p an L h ya

(b) th al mnmm bla aymn c

b c n nn-cancllabl bla a h Balanc sh a

11. dcl n c Cmany ang la aangmn n n a 1 Al, 2001 n Accnng sana

(As-19) n La.

(a) Gnal cn h Cmany ang la aangmn :

th Cmany ha n n ang la aangmn maly c m, c, a/fgh c

an nal m mly. sm h gncan m an cnn h aangmn a :

- agmn may gnally b mna by h ay by ng a nc;

- h la aangmn a gnally nwabl n h y h la bjc mal agmn;

- h Cmany hall n bl, agn a wh h n h m wh wn cnn h l.

(b) rn n c h ab a chag h p an L Accn.

8/6/2019 EIH AR10

60/100

90

schl Accn Cnd.

12. inmn hl by h Cmany whch a lng m n na a a a c nl h any mann mnn n

al wh n mnn ma n nal nmn ba. eanng n nmn a accn n

accal ba.

13. inn a al a c whch ba n F-in-F-o mh n alabl al, whch lw.

uncabl / amag / ca ck an hag a chag h p an L Accn.

14. in h ca Mahba r Lm (MrL), al wh h Gnmn Hmachal pah, h jn n

an, w by h Hgh C Hmachal pah n 17h dcmb, 2003 an abal bnal cnng a ngl

aba wh awa ha bn challng by bh h Cmany an MrL, amng h. th an h aban

awa ha bn ay nng ban hang h alcan by h Hgh C. Cnnly, h saus qu ane

h n ma an h n a n 17h dcmb, 2003 an h hl bng a by MrL accngly.

th Cmany, by l a 15h Jn, 2009, MrL cn r. 1,005.63 Mlln lan by h Cmany

MrL n y. MrL n h c hlng h mng h Ba dc whch ha h

nmn Hmachal pah Gnmn n h Ba, a abl a hlng h mng whch ll awa. th

Cmany ha nw bn lgally a ak ncay n h ma. in w h ab an h cnn lan n y, lan MrL ha bn cn g a h n wh MrL wll bcm n cnn.

15. in b h p an L Accn n n caal amnng r. 253.14 Mlln (2009-r. 218.34 Mlln).

16. Mcllan en am ng h ya r. Nl (2009-r. 17.25 Mlln) n vlnay saan C.

Ya n 31 Mach 2010 2009

Rupees rMiion Mlln

17. A rmnan (clng sc a)

A A 7.59 6.62

F ta A 0.17 0.15

F taan Ma 0.60 0.56

F oh Ma (Ccan) 0.52 1.28

8.88 8.61

18. eanng ey sha :

p cman bh Bac an dl anng ha r. 2 ach

N p a taan a p an L Accn 572.27 1,704.42

Wgh aag nmb ey sha anng 392,953,972 392,953,972

Bac an dl anng ey sha ac al r. 2 (n r) 1.46 4.34

19. Diretors Remuneration

sala 20.10 20.10

Cnbn pn Fn 2.41 2.41

Mnay val p 4.68 5.07

Cmmn dc 54.91 113.22

sng h dc 0.64 0.64

82.74 141.44

A h lably Gay an La encahmn nan acaal ba h Cmany a a whl, h amn anng h dc n acanabl an n ncl ab.

8/6/2019 EIH AR10

61/10091

Ya n 31 Mach 2010 2009


CoMputAtioN oF Net proFit uNder seCtioN 349 oFtHe CoMpANies ACt, 1956 :

p b taan 889.89 2,732.61

Add: dc rmnan 82.74 141.44

Mcllan en Am 17.25

L n sal/dca F A (N) 25.80 29.76

pn mnn n al inmn 0.75

dcan chag Accn 680.31 542.40

788.85

1,678.74 3,464.21

Less: dcan n scn 350 hCman Ac, 1956 680.31 542.40

p h dc Cmmn 998.43 2,921.81

Cmmn :

Chaman @ 2.5% p 24.95 58.44

vc Chaman @ 1.5% p 14.98 32.87

tw Jn Managng dc ach @ 0.75% p 14.98 21.91

54.91 113.22

20. snc n accabl g h any-w al n c cha, cnmn, n, ck, c., h Mny Ca Aa, n c w n scn 211(4) h Cman Ac, 1956, by o N. 46/81/2008-CL-iiia 30h May, 2008, ha m h Cmany m gng ch al.

21. in c nng bn, h nall nng caacy a n 31 Mach, 2010 wa 850 Mlln ana mn(2009-525 Mlln). th acal cn ng h ya wa 575 Mlln ana mn (2009-320 Mlln). th nallnng caacy an acal cn ha bn c by h Managmn an acc by h A, bng a chncalma.

22. val im calcla n C.i.F. ba n c : Ya n 31 Mach 2010 2009

Rupees rMiion Mlln

() pn, Wn & oh 68.15 81.02

() Cmnn & sa 178.52 30.86

() Caal G 114.51 395.35

361.18 507.23

23. (a) inny pn, Wn & oh ncl sck pa, ink c. r. 50.87 Mlln (2009-r. 83.67 Mlln)

(b) Cnmn pn, Wn an oh ncl cnmn pa, ink c. r. 402.27 Mlln(2009-r. 315.96 Mlln)

schl Accn Cnd.

8/6/2019 EIH AR10

62/100

92

schl Accn Cnd.

Ya n 31 Mach

2010 2009Rupees rMiion Mlln

24. (a) en n gn cnc :

() pnal, Cnlancy & oh Ma 208.87 224.15

() Fgn sal oc en 146.00 196.71

(b) eanng n gn cnc :

() on sal (a n bm dGFt) 3,092.89 4,975.72

() Cnlan 12.94 20.22

() sal nng maal 43.26 13.55

25. Fgn echang :As at A a

31st Marh, 2010 31 Mach, 2009Rupees rMiion Mlln

(a) da inmn anng:

in ra an Cncy swa hgng FCNr Lan m HsBC 1,000.00 Nl

(b) unhg Fgn Cncy annga n 31 Mach, 2010 109.31 54.53

8/6/2019 EIH AR10

63/10093

schl Accn Cnd.

26. th al anacn n n wh rla pa ng h ya a a llw:

(A) Name o the Reated Parties

(i) Subsidiar companies

() Mcy Ca rnal Lm

() Mahba r Lm

() ob Kala Hl an r Lm

() Mmaz Hl Lm

() eiH innanal L.

() eiH Flgh sc Lm, Ma

() eiH Flgh Cang sc Lm

(ii) Assoiates & Joint Ventures

() eiH Aca Hl Lm

() L&t Bangal A Hl Lm

() Gln Jbl Hl Lm

(iii) Enterprises in whih ke Management Personne have signiant infuene

() ob Hl pa Lm

() ob p pa Lm

() ob Hlng pa Lm

() ob inmn pa Lm

() ob Blng an inmn pa Lm

() ob plaza pa Lm

() Bmbay plaza pa Lm

() ob Lang & Fnanc Cmany pa Lm

() Aaal plym pa Lm

() ilan Hl Mahaaj Lm

(iv) ke Management Personne

() M. p.r.s. ob Chaman & Ch ec

() M. s.s. Mkhj vc Chaman

() M. v.s. ob Jn Managng dc

() M. A.s. ob Jn Managng dc

8/6/2019 EIH AR10

64/100

94

schl Accn Cnd.

(B)Transations with Reated Parties during the Finania year and Outstanding Baanes as on 31.03.2010

NATURE OF TRANSAcTIONS Enterprises in whih ke ke Management Personne/

Subsidiaries Assoiates & Joint Ventures Management Personne Reative o ke Managementhave signiant infuene Personne

2010 2009 2010 2009 2010 2009 2010 2009Rupees Miion Rupees Miion Rupees Miion Rupees Miion

PURcHASES

Purhase o Goods & Servies

Mcy Ca rnal Lm 47.04 60.99 - - - - - -Mahba r Lm 0.40 0.15 - - - - - -Mmaz Hl Lm 0.17 0.53 - - - - - -eiH Aca Hl Lm - - 1.81 4.62 - - - -L & t Bangal A Hl Lm - - - - - - - -ilan Hl Mahaaj Lm - - - - 0.98 0.78 - -

Tota 47.61 61.67 1.81 4.62 0.98 0.78 - -

Purhase o Fixed Assets

eiH Aca Hl Lm Tota - - 0.05 - - - - -

EXPENSES

Rent

Mcy Ca rnal Lm - 0.13 - - - - - -ob Hl pa Lm - - - - 0.36 0.36 - -

Tota - 0.13 - - 0.36 0.36 - -

Roat

ob Hl pa Lm Tota - - - - 79.79 95.67 - -

Saar

M. p.r.s. ob - - - - - - 25.80 58.44M. s.s. Mkhj - - - - - - 26.58 44.94M. v.s.ob - - - - - - 14.91 18.16M. A.s. ob - - - - - - 14.81 19.26

Tota - - - - - - 82.10 140.80

SAlES

Sae o Goods and ServiesMcy Ca rnal Lm 1.96 3.66 - - - - - -Mahba r Lm 2.31 4.05 - - - - - -Mmaz Hl Lm 15.43 24.67 - - - - - -ob Kala Hl an r Lm - 0.14 - - - - - -Gln Jbl Hl Lm - - 1.51 - - - - -eiH Aca Hl Lm - - 42.38 50.70 - - - -L & t Bangal A Hl Lm - - 0.73 0.14 - - - -ilan Hl Mahaaj Lm - - - - 0.68 1.40 - -

Tota 19.70 32.52 44.62 50.84 0.68 1.40 - -

Sae o Fixed AssetsMcy Ca rnal Lm - 1.01 - - - - - -Mahba r Lm - 0.99 - - - - - -eiH Aca Hl Lm - - 0.65 0.81 - - - -

Tota - 2.00 0.65 0.81 - - - -

INcOME

liense AgreementMcy Ca rnal Lm 0.77 1.36 - - - - - -ob Hlng pa Lm - - - - 0.69 0.71 - -ob inmn pa Lm - - - - 0.13 0.13 - -ob Blng & inmn pa Lm - - - - 1.17 1.19 - -ob plaza pa Lm - - - - 2.41 3.89 - -Bmbay plaza pa Lm - - - - 1.87 2.94 - -

Tota 0.77 1.36 - - 6.27 8.86 - -

Management/Tehnia eesMmaz Hl Lm 38.86 33.17 - - - - - -Gln Jbl Hl Lm - - 8.75 - - - - -eiH Aca Hl Lm - - 97.77 101.12 - - - -L & t Bangal A Hl Lm - - 3.75 - - - - -ilan Hl Mahaaj Lm - - - - 2.01 2.62 - -

Tota 38.86 33.17 110.27 101.12 2.01 2.62 - -

Interest ReeivedMahba r Lm - 72.38 - - - - - -Mmaz Hl Lm - 0.34 - - - - - -eiH Aca Hl Lm - - 30.40 30.40 - - - -

Tota - 72.72 30.40 30.40 - - - -

Dividend ReeivedMcy Ca rnal Lm 0.60 1.34 - - - - - -Mahba r Lm - - - - - - - -Mmaz Hl Lm 12.39 6.20 - - - - - -eiH Aca Hl Lm - - 10.60 17.68 - - - -

Tota 12.99 7.54 10.60 17.68 - - - -

8/6/2019 EIH AR10

65/10095

FINANcE

PAyMENTS

loans & AdvanesMahba r Lm 82.00 110.66 - - - - - -Mmaz Hl Lm - 25.00 - - - - - -

Tota 82.00 135.66 - - - - - -

Advane against Equit SharesMcy Ca rnal Lm - 40.00 - - - - - -eiH Flgh sc Lm, Ma 167.43 30.20 - - - - - -

Tota 167.43 70.20 - - - - - -

Investment in Equit SharesMcy Ca rnal Lm * 50.00 - - - - - - -eiH Flgh sc Lm, Ma 32.18 - - - - - - -eiH Flgh Cang sc Lm 0.50 - - - - - - -Gln Jbl Hl Lm - - 211.50 - - - - -

Tota 82.68 - 211.50 - - - - -

REcEIPTS

loans & Advanes reeived baMmaz Hl Lm - 25.00 - - - - - -Mahba r Lm 4.00 - - - - - - -

Tota 4.00 25.00 - - - - - -

GUARANTEE ISSUED

Mcy Ca rnal Lm 40.00 - - - - - - -eiH Flgh sc Lm, Ma 860.00 - - - - - - -

Tota 900.00 - - - - - - -

OUTSTANDING BAlANcES

Paabes

For Goods & ServiesMcy Ca rnal Lm 10.01 8.01 - - - - - -eiH Aca Hl Lm - - 0.65 0.80 - - - -ilan Hl Mahaaj Lm - - - - 0.89 0.85 - -

Tota 10.01 8.01 0.65 0.80 0.89 0.85 - -

Roat

ob Hl pa Lm Tota - - - - - 13.38 - -

Seurit Deposit

Bmbay plaza pa Lm Tota - - - - 0.50 0.50 - -

loans & Advanes and Reeivabes

For Goods & Servies - -

Mahba r Lm 0.60 0.15 - - - - - -Mmaz Hl Lm 24.01 12.33 - - - - - -ob Kala Hl an r Lm 0.01 0.07 - - - - - -Gln Jbl Hl Lm - - 0.01 - - - - -eiH Aca Hl Lm - - 6.34 5.96 - - - -L & t Bangal A Hl Lm - - 0.39 - - - - -ilan Hl Mahaaj Lm - - - - 1.40 0.94 - -

Tota 24.62 12.55 6.74 5.96 1.40 0.94 - -

Advane against Equit Shares

Mahba r Lm 130.00 130.00 - - - - - -Mcy Ca rnal Lm - 40.00 - - - - - -ob Kala Hl an r Lm 1.60 1.60 - - - - - -eiH Flgh sc Lm, Ma 167.43 32.18 - - - - - -

Tota 299.03 203.78 - - - - - -

loans & Advanes

Mahba r Lm 1,083.63 1,005.63 - - - - - -eiH Aca Hl Lm - - 320.00 320.00 - - - -

Tota 1,083.63 1,005.63 320.00 320.00 - - - -

Management/Tehnia ees

eiH Aca Hl Lm - - 43.62 24.50 - - - -ilan Hl Mahaaj Lm - - - - 0.70 0.28 - -

Tota - - 43.62 24.50 0.70 0.28 - -

Outstanding Finania Faiities

Against corporate Guarantees

Mahba r Lm 176.79 255.36 - - - - - -Mmaz Hl Lm 121.03 185.14 - - - - - -Mcy Ca rnal Lm 32.82 50.00 - - - - - -eiH Flgh sc Lm, Ma 613.23 - - - - - - -eiH Aca Hl Lm - - 104.00 104.00 - - - -ilan Hl Mahaaj Lm - - - - 135.50 135.50 - -

Tota 943.87 490.50 104.00 104.00 135.50 135.50 - -

* All agan aanc agan ey an cnn rmabl pnc sha.

NATURE OF TRANSAcTIONS Enterprises in whih ke ke Management Personne/Subsidiaries Assoiates & Joint Ventures Management Personne Reative o ke Management

have signiant infuene Personne

2010 2009 2010 2009 2010 2009 2010 2009Rupees Miion Rupees Miion Rupees Miion Rupees Miion

schl Accn Cnd.

8/6/2019 EIH AR10

66/100

8/6/2019 EIH AR10

67/100

8/6/2019 EIH AR10

68/100

98

schl Accn Cnd.

30. Inormation pursuant to Part IV o Shedue VI to the companies At, 1956.

Balanc sh abac an Cmany Gnal Bn pl :

(I) Registration Detais

rgan Nmb 17981

sa C 21

Balanc sh da 31.03.2010

(II) capita raised during the ear (Rupees in Millin)

pblc i NiL

rgh i NiL

Bn i NiL

pa placmn NiL

(III) Position o mobiisation and depoment o unds (Rupees in Millin)

tal Labl 30,634.29

tal A 30,634.29

Soures o Funds

pa- Caal 785.91

r & sl 13,384.98

sc Lan 11,745.37

unc Lan 850.00

d ta Labl 1,328.41

Appiations o Funds

N F A nclng Caal Wk-n-pg 21,724.98

inmn 3,782.37N Cn A 2,587.32

Mcllan en Nl

Accmla L Nl

(IV) Perormane o the compan (Rupees in Millin)

tn (nclng oh incm) 9,072.73

tal en 8,182.84

p (+)/L() b ta 889.89

p (+)/L() a ta nclng d ta 572.27

Bac an dl eanng ey sha (n r) 1.46

dn (n ey sha) ra (%) 60(V) Generi Names o Prinipa produts/servies

o the compan as per monetar terms

im C N. (itC C) 591001006

pc dcn HoteLs

im C N. (itC C) 390001002

pc dcn restAurANts

8/6/2019 EIH AR10

69/100

EIH LiieConsoLIdatEd FInanCIaL statEmEnts

8/6/2019 EIH AR10

70/100

(ConsoLIdatEd)

100

Disclosurepursuantto

approValno.47/276/2010-c

l-iii

unDersection212(8)oFtHecoMpaniesact,195

6

Fhydd31.03.20

10

(amr.M)

p

My

eiH

eiH

obK

Mhb

Mmz

eiHFg

h

cr

i

Fghsv

Hdr

r

H

cg

lmd

lmd

lmd

lmd

lmd

lmd

svlm

d

Cpil

49.17

1,996.65

74.88

27.20

330.00

206.50

0.50

Reerve

47.85

75.52

585.52

tlae

548.81

2,072.17

857.22

29.07

1,754.63

1,236.35

0.52

tlLibiliie

548.81

2,072.17

857.22

29.07

1,754.63

1,236.35

0.52

deilInveen(excepinc

e

inveeninubiirie)

EIHHlingL.,oberimuriiuL.,

PtWijPurKry,PtWkob

eri

Innei,turiInveenCpny

shlHheeh(rerlyoberi

Hurgh

C.L.)nJ&WHngkngLii

e

1,616.19

t

1,616.19

turnver

756.65

15.05

0.21

183.65

586.88

Prfberetxin

(37.05)

10.29

(18.62)

(0.05)

13.06

214.29

(0.11)

Prviinrtxin

0.43

0.07

1.03

27.78

Prfertxin

(37.48)

10.29

(18.62)

(0.12)

12.03

186.51

(0.11)

Prpedivien

20.65

8/6/2019 EIH AR10

71/100

(ConsoLIdatEd)

101

audItoRs REPoRt Clie Ficil seetthe Br direcr,

EIH LiieWe hve eie he che Clie Blce shee EIH Liie (he Cpy) i biirie/cie/jily crlle eiie 31 mrch, 2010, he CliePr L acc r he yer he ee ee here l he Clie ChFlw see r he yer he ee. the prepri hee Ficil see i herepibiliy he Cpy mgee. or repibiliy i epre pii heeFicil see be r i.

We cce r i i ccrce wih Geerlly accepe aiig sr i Ii. thesr reqire h we pl perr he i bi reble rce wheher heFicil see re prepre, i ll eril repec, i ccrce wih ieie cilreprig rewrk re ree eril iee. a i icle, eiig e

bi, eviece pprig he iclre i he Ficil see. a i licle eig he ccig priciple e igic eie e by mgee,

well evlig he verll Ficil see preei. We believe h r i prvie reble bi r r pii.

1. We i i he Ficil see hree sbiirie w Ji Vere,whe Ficil see refec l e R. 8,233.78 illi 31 mrch, 2010 l revee R. 615.05 illi r he yer he ee. thee Ficil see hve beeie by her ir whe i repr hve bee rihe , i r pii, i r i rele he icle i repec hee sbiirie Ji Vere, i belely he repr he her ir.

2. We hve relie he ie Ficil see e biiry mhbr RerLiie whe Ficil see refec l e R. 879.37 illi 31 mrch, 2010 l revee R. 183.65 illi r he yer he ee. sice he Ficil seewhich re cpile by he mgee he Cpy, re ie, y je heir

blce wl hve ceqeil eec he Clie Ficil see.

3. We repr h he Clie Ficil see hve bee prepre by he Cpyi ccrce wih he reqiree accig sr (as-21), Clie

Documents

EIH AR10