HSINDIA LTD
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BSE Code:
532145
NSE Code:
HOTLSILV
Business Profile
Business Profile
H S India (HOTSILPL), formerly known as Hotel Silver Plaza, was incorporated as a private limited company in 1989. The company belongs to the Bansal group of companies which is part of the Karishma group. The company set up a Three Star Hotel named Hotel Lords Inn International, having 106 rooms at Surat. HOTSILPL entered into a marketing franchise agreement of its Hotel with Sarovar Park Plaza. The company is planning to expand by means of adding facilities of health club, coffee shop and executive room. The company has also decided to uplift and renovate hotel property.
Financials
H S India reported that it has swung to a profit for the quarter ended in March, 2007.Net Sales for the quarter rose 79.89% to Rs 41.86 million for the quarter ended March, 2007 from Rs 23.27 million for the quarter ended March, 2006.Total income rose 79.45% to Rs 41.92 million for the quarter ended March, 2007, from Rs 23.36 million for the quarter ended March, 2006.The earnings per share (EPS) of the company stood at Rs 1.61 in the quarter ended March, 2007 .
Recent Developments
27-JUN-07
HS India received Rs 2,930,562 from New India Assurance Company as settlement of insurance claim made against loss suffered by the company when a flood occurred in August 2006.
01-FEB-07
The company decides to increase authorized share capital from Rs 120 million to Rs 160 million.
29-JAN-07
The board of directors of the company approved to start a new division for the software segment to make its business effective and revenue generating.
02-JAN-07
The board of directors decided to expand by means of adding facilities of health club, coffee shop and executive room. The company also decided to uplift and renovate hotel property.