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Aruna Hotels Ltd.

BSE: 500016 Sector: Services
NSE: ARUNASUGAR ISIN Code: INE957C01019
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
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Aruna Hotels Ltd. (ARUNASUGAR) - Director Report

Company director report

To the Members

The Directors have pleased to present before you the 54th Annual Report of the Companytogether with the Audited Statements of Accounts for the year ended 31st March 2016.

FINANCIAL SUMMARY OR HIGHLIGHTS/PERFORMANCE OF THE COMPANY

Particulars Financial year ended Mar 312016 Financial year ended Mar 312015
Rs in lakhs Rs in lakhs
Balance carried to balance sheet - 2.75
Less: Operating Expenditure 30.14 448.41
Earnings Before Interest Tax Depreciation & Amortization (EBITDA) (30.14) (445.66)
Add: Other income (net) 345.89 1428.40
Less: Finance costs 92.65 671.29
Less: Depreciation & amortization expense 147.95 221.58
Less: Other expenses (net) 90.70 92.05
Profit/ (Loss) before exceptional and Extraordinary items and tax (6.54) (2.19)
Exceptional Items - -
Profit/ (Loss) before Extraordinary items and tax (6.54) (2.19)
Extraordinary Items - -
Profit/ (Loss) before tax (6.54) (2.19)
Tax expenses - -
Profit/ (Loss) after tax (6.54) (2.19)
Balance brought from previous year - -
Amount available for appropriation - -
Amount transferred to General reserve - -
Dividend - -
Balance carried to balance sheet - -

OPERATIONS & PERFORMANCE

As the Company's operations have been suspended the Company was unable to generate anyrevenue for the year under review. The Board of directors of the Company is taking allsteps to revive the Company's operations. The Board of Director is in the process ofdevising an elaborate business plan to restart the operation and seek the members supportand co-operation in order to successfully implement the business revival plan.

DIVIDEND

As the Company has incurred loss in the year under review the Directors do notrecommend dividend to its shareholders.

TRANSFER TO RESERVES