Mansingh Hotels 2018-19- Financials

2018-19 - Net Loss Rs.18 cr 86 lakh

49th AGM on 19 th December , 2019 at Jaipur

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To enlarge click on the Images

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November 08, 2018

Mansingh Hotels Resorts ( Indo Continental )- 2017-18 Results - Losses

Mansingh Hotels and Resorts is looking to Diversify and Cut Losses by Reducing Debt.

Mansingh Hotels would not be offering any Exit Option ( as in books , at present the Book Value is negative ) and , probably , ( Please Recheck this ) No Relisting plans in the Near Future .

48 th AGM - 20/11/2018 , 4:30 PM , at Jaipur
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PLEASE CLICK ON IMAGE TO ENLARGE

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Blog Comments : Mansingh Hotels is Asset Laden as it owns , inter alia , 5 Luxury Hotels . Once the Company reduces its debt it can easily jump to Profits

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OLD POST

February 03, 2017

Mansingh Hotels ( Indo Continental Hotels )

new post

April 10, 2017

Mansingh Hotels 2016-17 Loss Rs.21 cr 69 Lakh

Mansingh Hotels and Resorts Ltd ( earlier Indo Continental Hotels ) is Unlisted.

Mansingh Hotels has piled up  debt particularly on the project of its Super Deluxe 5 Star Hotel in Jodhpur where Rs 100 cr debt has been taken. .

Mansingh Hotels intends to Sell / Mortagage/ invite joint ventures for its Hotels etc to pare debt.

The Company is holding a Postal ballot for this step.

The Company is Asset Laden.

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old post 

Mansingh Hotels And Resorts Limited

Originally promoted , in 1970 , as  “S.B. properties and Enterprises Ltd.” name changed  “Indo Continental Hotels and Resorts Ltd.”  in 1987
   The Company later changed its name , around 2012 ,to the present ,“Mansingh Hotels and Resorts Ltd.”.

The present promoters , of Mukand Lal group ( original Promoters of Mukand Iron )  took over Mansingh Hotels and Resorts in early 1980 s.

The Company started its Hotels operation   from 1978 onwards.

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 MILESTONES

• In 1986, Mansingh Hotels and Resorts Limited (Formerly known as Indo Continental Hotels & Resorts Limited) acquired a Hotel project at Ajmer from the Rajsathan Financial Corporation and Rajasthan State Industrial Development & Investment Corporation (RIICO). The project was implemented with loans from RIICO. All the loans have been repaid in full and the Hotel is now a landmark of the city of Ajmer.
• In 1987, the Group acquired its third Hotel situated in the City of “Taj”, Agra through the amalgamated of M/s Hotel Pink City Pvt Ltd., into it. After takeover, the Group renovated the Hotel to give it a complete new look. The hotel also witnessed an addition of 60 rooms to make it a 97 Rooms hotel.
• The last addition to the hotels of the Company is a 60 rooms 3 star Deluxe Hotel built on a site adjoining the company’s first Hotel at Jaipur. This hotel is catering to the up market segment and is one of the most elegant properties in Jaipur.
• Mansingh Hotels & Resorts Limited has recently made its foray into real estate and has set up a multiplex cum shopping mall at Mohannagar, Ghaziabad, U.P.

source / for more , please click

http://www.mansinghhotels.com/about-us.php

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MANSINGH HOTELS AND RESORTS PROPERTIES

HOTEL MANSINGH, JAIPUR

A 95 rooms, 5 Star Hotel, situated in the heart of ‘The Pink City, Jaipur’. The hotel is a unique blend of all luxurious facilities, with a specialty Restaurant.
Coffee shop, Bar, Bar-Be-Q, Banquet, Conference, Swimming Pool, Health Club and Shopping arcade.

HOTEL MANSINGH TOWERS, JAIPUR

A 53 rooms, Deluxe rooms hotel, adjacent to the Mansingh Hotel, Jaipur. This hotel is fully equipped with ultra modern facilities to cater to the up market tourists and business travelers. The hotel has a multicuisine, restaurant, Bar, Banquet, Conference, Library and Business centre.

HOTEL MANSINGH PALACE, AGRA

A 97 rooms, 5 Star Hotel at a well located area in the City of Taj, Agra. A complete luxuries hotel with the facility of multicuisine restaurant, Bar, Banquet, Conference, Swimming Pool, Health Club and Shopping arcade.

HOTEL MANSINGH PALACE, AJMER

A 54 rooms, 3 star deluxe hotel at a well appointed area in the City of Pushkar and Dargah, Ajmer. The hotel has facilities of multicuisine restaurant, Bar, Banquet, Conference, and shopping arcade.

MMX

Set up on a plot of measuring 14,000 Sq.Mtrs, this 250,000 Sq.ft (Approx) development houses a six screen multiplex, a Family Entertainment Centre, a Food Court and shopping area.

JODHPUR HOTEL

The Group’s newly constructed a five star deluxe Hotel at Jodhpur has been launched. The property spread over 10 acres of land consist of 96 Rooms, 2 Villas and state-of-the art facilities for the upmarket segment

source / for more , please click

http://www.mansinghhotels.com/about-us.php
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Jodhpur Hotel is marketed and managed by India’s foremost name in the hospitality industry ITC Hotels, under the brand name Welcomhotel Jodhpur.

https://www.itchotels.in/hotels/jodhpur/welcomhoteljodhpur.html

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For analysis , please study this old 2013-14 Report of the Company

http://www.lkpsec.com/CompanyProfile/Directors_Report.aspx?fincode=219609

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The latest information

https://www.indiancompany.info/company/mansingh-hotels-and-resorts-limited/

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It appears for the year 2015-16 dividend was Nil ( Please Recheck this )

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No. of Shareholders : As per the Annual Report 2013-14 total No. of Shareholders : 633 ( Please Recheck )
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Around 2015 a liberal bonus of 6 : 1 ( six shares for every one held ) was issued after which the share capital rose to Rs. 10 crore 50 lakh . 

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Shares are presently Unlisted/ ELC ( Exclusively Listed Co. in Regional Stock Exchanges ) 

The Equity shares of the Company had been listed on Jaipur and Delhi Stock Exchanges. Both these Stock Exchanges have been de-recognized by the Securities Exchange Board of India(SEBI) on 23.3.2015 and 19.11.2014 and therefore the company has ceased to be a Listed Company. As required by SEBI , Delhi Stock Exchange had taken necessary action and the Company’ Shares ,w.e.f. 13.07.2015 have been placed on the Dissemination Board of Bombay Stock Exchange.

Dematerialization Of Shares

The share of the Company are available for trading in depository systems of both NSDL and CDSL. ISN Code : INE 300CO1012 (NSDL & CDSL).

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Mansingh Hotels have very valuable Hotels / properties  which should command a very high enterprise value .

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As per SEBI guidelines Mansingh Hotels has either to Relist in NSE / BSE or Delist by offering the shareholders a fair value.

So, Mansingh Hotels has to take a decision on Listing / Exit Route by 31/03/2017 as per SEBI deadline

http://taxguru.in/sebi/exclusively-listed-companies-derecognizednonoperationalexited-stock-exchanges-dissemination-board-db.html

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http://www.rareindianshares.info/2016/09/sebi-may-grant-time-uptill-december.html

http://www.rareindianshares.info/2016/06/frick-nbi-pnb-either-relist-at-bsense.html

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It appears some shares of Mansingh Hotels are available with Dealers of Unlisted / Delisted Shares  (Please Recheck this ).

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Important : Please do not take Any Investment Decision based on the above stated analysis. Please only do a further Self Study
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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