www.reportjunction.

com

www.sansco.net

Panoramic Universal Limited

Annual Report 2010-11

Perfect Trips Always

www.reportjunction.com

www.sansco.net

www.reportjunction.com

www.sansco.net

Welcome Aboard
As we look through the window, we find a new vista of unfolding potential, continuously widening and perpetually throwing open new opportunities. Opportunities marked by increase in Foreign Tourist Arrivals (FTAs) in India at a CAGR of 8.1% between 2004 and 2009. And underlined by strong growth in the services industry, leading to increased corporate spending on business travel. Potential highlighted by increase in domestic leisure travel in the country, on the back of increasing income and affordability. And underscored by Indias well-equipped hospital infrastructure and the low cost of treatment, compared to developed countries, making it a preferred destination for medical tourism. A vista emphasised by the growing demand-supply gap for hotel rooms the Indian Government has identified a shortage of 1,50,000 hotel rooms, with most of the under-supply in the budget sector. Its a big wide world of opportunities out there. Clearly visible through the Panoramic window of strategy. It is into this vista of opportunities that we look as we map our course for the future. A course where we are investing today to build for tomorrow. Building an India that is not just a preferred tourism destination but the ONLY favoured destination for world tourism and hospitality sectors.

01

www.reportjunction.com

www.sansco.net

Facts and highlights

Overview
Comprises three strategic business divisions Hospitality, Travel & Tourism and Information Technology (IT) Headquartered in Mumbai with office in major cities of India, USA & New Zealand Owns, manages and operates 11 hotels across India, USA and New Zealand Listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)

Business Model

Hospitality : Hotels; Timeshare & Condominiums

Information Technology

Travel & Tourism

Travel Agencies

Travel Portals

02

www.reportjunction.com

www.sansco.net

Consolidated Financials
Rs. million

Particulars
Earnings Data Total Income EBIDTA EBIT Profit before Tax Profit after Tax Balance Sheet Data Equity Shares Preference Shares Share Application Money Reserves & Surplus Secured Loan Net Worth Capital Employed Shareholder Data Dividend per Share (in Rs.) Dividend Declared (in %) Earnings per Share (in Rs.) Book Value per Share (in Rs.) Ratios & Margins EBIDTA Margin (in %) PAT Margin (in %) ROCE (in %) RONW (in %)

FY 11
1581.39 562.45 496.05 463.24 303.41

FY 10
1337.80 584.96 511.04 474.47 348.22

FY 09
1,510.05 663.95 603.26 540.74 389.17

FY 08
1,348.39 617.21 563.99 494.29 340.64

FY 07
1,331.90 598.00 544.27 461.20 328.28

388.73 500.00 350.00 1,692.36 447.38 2,905.97 3,846.17

64.79 500.00 350.00 1,690.91 559.56 2,584.72 3,620.25

64.79 500.00 1,536.76 729.21 2,074.59 3,606.98

64.79 500.00 955.48 663.67 1,508.30 2,984.45

64.79 683.77 774.20 741.99 2,012.54

0.50 10 3.38* 37.38*

2.50 50 23.71 199.48

2.50 50 26.87 160.11

1.25 25 25.56 116.40

1.00 20 25.33 57.26

35.57 19.19 13.29 11.05

43.73 26.03 14.14 14.95

43.97 25.77 18.30 21.72

45.77 25.26 22.57 30.28

44.90 24.65 29.96 55.40

*Note: The EPS and Book Value per share is based on the bonus shares issued by the company in the ratio of 5:1 in the FY 11.

03

www.reportjunction.com

www.sansco.net

A note from the Chairman

Dear Shareholders, India, known the world over as the land of hospitality is today in the defining stages of the business of hospitality. The Indian hotel industry appears to have embarked on a recovery cycle, triggered largely by the revival in domestic travel (both leisure and business) since the second half of fiscal 2009-10; Foreign Tourist Arrivals (FTAs) have also improved since December 2009, and were up 7.9% to 55.8 lakh travellers during the Calender Year (CY) 2010. Although the October 2010 Commonwealth Games were expected to provide a strong demand push to the Indian hotels industry, weak planning and execution diluted the benefits to hotels in the NCR and the rest of the country. On the other hand, the Cricket World Cup in the fourth quarter (Q4) of 2010-11 provided a much stronger demand impetus, with hotels reporting high occupancies in Chandigarh, New Delhi and particularly Mumbai (during the Finals in early April 2011). FTAs have remained strong during the first six months of CY2011, growing by 10.9%. In this context, while the return of foreign tourists clears the deck for the much-needed Average Rate of Return (ARR) premiums, the importance and stability the domestic traveller imparts to the Indian hotels industry remains intact. The Formula 1 racing event scheduled to be staged in the NCR in October 2011 is an enabling factor in this regard.

Trends in the industry

The global hotel industry now appears to be on a path of slow recovery, having come out of two exceptionally bad years (2009 & 2010). While the main recovery leaders are the emerging countries in the Asia-Pacific region, the developed luxury hotel markets of the USA and Europe have also reported signs of demand recovery during the past 12 months.

04

www.reportjunction.com

www.sansco.net

Financially, our consolidated revenues stood at Rs. 1,581.39 mn at growth of over 18% as compared to FY 10 while the net profit stood at Rs. 303.41 mn.

In India, the demand or occupancy led recovery that started with the return of domestic travellers late in calendar 2010, received a boost with FTAs picking up in the subsequent months. The latter half of 2010-11 saw the industry push for higher tariffs, although pricing recovery for the whole of 2010-11 stood at 5-8%. Improved economic growth also helps the hospitality sector. Growing business opportunities, cheaper airfares and better connectivity will keep the demand for rooms high. These are positive developments and the benefits will trickle down to the hospitality industry and increase the demand for hotel rooms. According to the Ministry of Finance, the size of Indias travel and tourism industry is expected to grow to Rs. 219 bn in FY12. Indias robust GDP growth (8.6% in FY11) has improved the outlook for the hospitality sector.

Commenced trading software products in the domestic market Internationally, your Company is facing some tough time primarily due to the global economy turmoil. However, prudent cost cutting and innovative marketing & sales strategies have helped tide over difficult times.

Looking forward
The Ministry of Tourisms Incredible India campaign has started to strike a chord and will likely play its role in increasing visitations to India. The future of the Indian markets and their ability to mature into destinations relies on concerted efforts, both by the relevant government bodies and the private sector players. Creativity will be of essence. Going ahead, to capitalise on the opportunities on the domestic front your Company continues its quest for acquiring new properties. Acquisitions are the new strategy adopted by your Company as it leads to faster growth as compared to building Greenfield projects. Some proposed destinations for acquiring new properties include Coorg, Kodaikanal and Puri.

Performance review
Financially, our consolidated revenues stood at Rs. 1,581.39 mn at growth of over 18% as compared to FY 10 while the net profit stood at Rs. 303.41 mn. During the year we issued bonus shares to our shareholders in the ratio 5:1. Operationally, the year marked several new initiatives which are as follows: The Group acquired a new property in Mysore Successfully launched our travel portals www. travelhot.in and www.traveluniversally.com Focused on setting up a strong foundation in timeshare and condominiums through several strategic tie-ups as well as commencing schemes like Magic Holidays through our wholly own subsidiary i.e. Panoramic Holidays Ltd.

Appreciation
To conclude, I express our sincere thanks to our customers, suppliers, bankers, financial institutions, and all our shareholders. Special thanks and appreciation go to the employees of the Company at all levels for their hard work, dedication and continued commitment.

Sudhir Moravekar Chairman Panoramic Universal Ltd.

05

www.reportjunction.com

www.sansco.net

Focus Hotels
Taking excellent care of our guests is not just a slogan for us. It is a way of life that permeates every decision and every action at the hospitality section of Panoramic Universal Limited. We deliver outstanding customer value, more variety, and more friendliness thus giving our customers the benefits they expect. No wonder then our customers come back to Panoramic when it is time for their trips and recommend us to their friends and families.

Domestic

Hotel Sai Sahavas

Shirdi, Maharashtra Room inventory: 38
Hotel Sai Sahavas with its close proximity to the shrine of Shri Sai Baba provides its guests a comfortable stay to experience the spiritual atmosphere of the place. The hotel is an ideal place for enjoying the tranquillity and serenity of the temple town of Shirdi.

It is a very good hotel. I went there in my summer vacations with my and my friends family. We went there to visit Sri Shirdi Sai Baba Temple. So we were looking for a good hotel to stay there for two three days. So my friend suggested me to have a look at this hotel for once. When I entered in the hotel I saw a beautiful lawn which mesmerised me and we decided to stay there. Services and cleanliness was very good. I stayed there for 3 days and enjoyed good food quality there with my family.
Guddu Singh, stayed in July 2010, travelled with family.

www.reportjunction.com

www.sansco.net

Graciano Cottages
Colva Beach, Goa Room inventory: 22
Enjoy the Goan Spirit at the Graciano Cottages, situated at the famous Colva beach. The comfort and luxuries provided at the hotel are in complete blend with the silvery sands of the beach and the verdant greenery of Goa. When you are in Goa, your stay at Graciano Cottages makes your holiday complete.

Nice place and beautifully managed. Good food and over and above friendly staff. Would love go again and stay there. And the best part is just a five minutes walk from Colva Beach.
Sandy, stayed in December 2010 and traveled with family.

Hotel Sagar Kinara

Malvan, Maharashtra Room inventory: 30
Dining can have a great impact on the enjoyment of your vacation and we hate the notion of limiting your choices when on holiday. That is why we at Sagar Kinara, provide our guests with an array of delectable local and international cuisines. True to its name, the hotel rooms provide magnificent views of the sea beaches and also the Sindhudurg Fort.

Sagar Kinara Hotel was actually recommended by the auto driver. God bless that man for taking us to Sagar Kinara. Its after we reached the hotel that we realised why this place was called Sagar Kinara. Precisely because it was at the sagar kinara. Yes, it was at the very shore of Malvan. The rooms are neat, clean, well painted, and airy and have a lovely view. All in all, our stay there was a beautiful experience and I would give a thumbs up anyone who is looking for a review of this place.
Savio, stayed in January 2011 and travelled with friends.

www.reportjunction.com

www.sansco.net

United 21
Thane, Maharashtra Room inventory: 46
With fabulous design, dcor and ambience, this 46 room hotel with 8 suites and 38 elegant and luxurious rooms, a spacious banquet hall, fully equipped gymnasium, health club, table tennis, squash, billiard, discotheque, multi-cuisine restaurant, specialty restaurant, 24 hours coffee shop, bar and a roof top swimming pool with a terrace cafe is the perfect place for a lifestyle experience.

ear to s very n as it wa l te o om h this s. My ro I choose meeting d a s h I food wa e where fast & the plac k a re B graded. llent. was up was exce y ta s d ll vera d travelle great. O 2011 an
ghal, st Anil Sin ss. e on busin ayed in Ju ne

Panoramic Resort and Water Park

Panvel, Maharashtra Room inventory: 37
When you want to get away from the hustle and bustle of the city and have hours of fun and frolic, Panoramic Resort is the perfect get away. Replete with a water park, conference room and accommodation consisting of cottages, porta cabins and row houses the Panoramic Resort and Water Park offers an ideal setting for family get-togethers or corporate picnics away from Mumbai.

Joe, stayed in May 201

Panoramic resort at Karnala is an excell ent location for a fam holiday. I found out ab ily out this place on the int ernet. The rooms where booked so we stayed in Sweet Nestle which is the large AC cabin. place is really nice wit The h large area for playin g, water park, swimmi pool, open space, ga ng rden etc. Had a great time and we plan to again. The place is rea vis it lly good, the staff and service is good, and foo is really good and rea d sonably charged.
0 and travelled with fam ily.