September 21, 2010

Blue Coast Hotels Limited

Registered Office :-

263 C ; Arossim Cansaulim ;
Goa -403712

RTA :-
RCMC Share Registry Private Limited ,
Noida 201301

Chairman & Managing Director : PL Suri ;
Executive Director : Sunita Suri ;
Directors :-
Mrs. Mamta Suri;
BK Goswami ;
KS Mehta ;
Shivendra Tomar ;
Dr. VM Kaul ;
Ashoka Kini

Blue Coast Hotels Limited was incorporated in 1992 as Morepen Finance And Investments Limited ; ( Morepen Hotels ).

Blue Coast Hotels Limited owns Park Hyatt Goa ( Resort and Spa ).

Under its subsidiaries Blue Coast Hotels is implementing luxurious hotel projects at Delhi and Amritsar.

Golden Joy Hotel Private Limited :-It has entered in to an agreement with MGM MIRAGE Hospitality International Holdings Limited ; Las Vegas ;USA for their Luxury Brands " MGM GRAND NEW DELHI " and " SKYLOFTS " at the MGM Grand New Delhi for approximately 500 rooms Deluxe Hotel

Silver Resort Hotel India Private Limited is setting up a 180 rooms Luxury Hotel in Amritsar " SHERATON AMRITSAR HOTEL "

Financials ( 31-03-2010 )

Share Capital
Equity : Rs. 8 cr 86 lakh
Preference : Rs. 81 cr ( to be converted in to equity shares )
Reserves : Rs. 80 cr
Total Income ( 2009-10 ) Rs.88 cr. 55 lakh
Gross Profit : Rs. 29 cr 15 lakh
Net Profit : Rs. 6 cr. 87 lakh
Dividend : Nil

Listed : BSE and NSE
Status : Mildly Liquid
No. of Shareholders : Around 1090
CMP : Around Rs. 170

Very little free float ( probably around 3 % only )

Blue Coast Hotels Limited has Iconic Brand Resorts and Hotels under construction ; Reputed Promoters and very few shareholders


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 an investment decision.No responsibility with this blog / blog writer


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