February 12, 2010

Sinclairs Hotels Limited

Incorporated in 1972
Registered Office :
56A , Mirza Ghalib Street,

Directors :
Dr. Niren Suchanti- Chairman,
Navin Suchanti : CEO & Managing Director,
Vikash Kuthari : Wholetime Director
Siddhartha Yog ; Rohan Sikri ; Rohan Suchanti ; Hardeep Sachdeva

Share Capital ( 31-03-09 ) Rs. 4 crore and 60 lakh ( After 31-03-09 , there has  been some conversion of Warrants in to shares @ Rs.162.50p per share )
Face Value : Rs. 10

Reserves ( 31-03-09 ) around Rs.49 crore

Zero Debt

For the year ended 31-03-09 Net Profit Rs.3 crore 37 lakh
Hotels Industry Prospects Have Improved Greatly in Current Year .
An Interim Dividend Already Declared 

With this  small equity base , Sinclairs Hotels Limited owns :-

Hotel Sinclairs, Siliguri
 Hotel  Sinclairs Darjeeling
Sinclairs Retreat Doooars, Chalsa Hilltop Jalpaiguri
Hotel Sinclairs Ooty
Hotel Sinclairs Bayview Port Blair
Further a luxury hotel ,under construction ,  in  4.6 acre land in Kalimpong

 Share Capital Rs. 6 cr
Reserves Rs .73 cr
Net Profit : Rs.3 cr 43 lakh

New Hotels / Resorts under construction at
4 star Business Hotel at Kolkata

Indian Public Share holding is less than 2% ( 2340 shareholders ) Around 96% equity is with Promoters and "strategic investors"
Listed at Bombay Stock Exchange
No. of Shareholders : Around 2420- (Annual Report - 2009 )
Daily Quotation Available
CMP : Around Rs. 180

Thinly Traded ( Mostly Jobber Activity )
Majority Holding Seems to be With Promoters




Sinclairs Hotels Buyback Proposal @ Rs.390 Per Share

Sinclairs Hotels has generated a net cash of Rs. 27 crore by divesting its entire investment in Savannah  Hotels Private Limited.

Sinclairs Hotels  proposes to buy back shares @ Rs.390 .

( It appears that there would not be any delisting  - Please Recheck this point )

As on 31-03 -13

Share Capital : Rs. 6 cr 7 lakh

Free Reserves : Rs. 71 cr 57 lakh

General Warning : Investment in Shares Can be Injurious to Your WEALTH

Disclosure : The Blog writer in his / family names has  holdings in this Company. So please make suitable " provisions " for any likely Over Optimism

NB :All information given in good faith. Please recheck every point before taking any investment decision. No responsibility with this Blog or Blog Writer