About The Company

Cindrella Hotels Limited is a listed entity involved in hospitality, travel and tourism sector and operating a hotel of
considerable repute at Siliguri in north Bengal and its sphere of business activities also encompassing Darjeeling
district, state of Sikkim and Bhutan. A portion of its revenues also comes from sale of food and beverages at its
restaurant and operation of health club, park rental for marriages and other occasions, which are all clubbed into the
sale of services category. It is also engaged in the business of selling tour packages to both domestic and
international travelers.
The havoc wreaked by the COVID19 pandemic on the hospitality and travel and tourism industry during the years
2020 and 2021 resulted in heavy revenue loss for the Company in those years. However, the gradual reduction in
the onslaught of COVID19 from the second half of the financial year 2021-2022 onwards has helped the Company to
recover and post profit for the year ended 31.03.2022. The Company has successfully taken advantage of the
increased tourist interest and inflow by developing/offering attractive travel packages at lucrative rates for both
domestic and foreign visitors.
The Company saw the possibility of boosting its earnings from occasions such as marriage receptions, fairs etc. over
and above the rentals. Thus in order to take advantage of the return to normalcy and maximize its earnings, the
Company has commenced its own catering of food and beverages at such occasions/events.
Natural disasters and probable political disturbances remain an imminent threat for the Company’s business.
The current season falling under the F.Y. 2022-23 began on a very encouraging note with high tourist inflow into the
region resulting in fairly positive earnings for the Company in the summer season of 2022 and the Company expects
that this will continue into the coming seasons too. This coupled with relaxation of restrictions imposed under
implementation of COVID 19 protocols as per guidelines laid down by the Government of India in this regard and
high marriage venue bookings is expected to allow the Company to generate higher event based earnings i.e.
rentals from occasions such as marriage receptions, fairs etc including sales of food and beverages thereat.
Therefore the current year is expected to be more profitable.
The company’s objectives, projections, estimates and expectations as stated herein are in the nature of ‘forward
looking statements’ within the meaning applicable under the securities laws and regulations. As ‘forward looking
statements’ are based on certain assumptions and expectations of future events over which the company exercises
no control, the company cannot guarantee their accuracy nor can it warrant that the same will be realized by the
company. Actual results could differ materially from those expressed or implied. Significant factors that could make a
difference to the company’s operations include domestic and international economic and political conditions affecting
the industry, changes in foreign exchange rates, government regulations, tax regimes and other statutes. Presently
the most overwhelming concern of the Company is to recover itself from the losses caused by the COVID19 crisis.
This is not applicable in the area of operations of your company.
The Company has proper internal controls systems and its adequacy has been reported by its auditors in their
report. The company’s internal control systems are commensurate with the nature of its business and the operations.
Systems have been put in place to ensure that all the assets of the Company are safeguarded and protected against
any loss and that all the transactions are properly authorized, recorded and reported. The Board duly considers and
takes appropriate action on the recommendations made by the statutory auditors and the independent Audit
Committee of the Board of Directors.
The Company’s revenue from operations is Rs. 537.39 lacs and total income is Rs. 545.75 lacs for the year ended
March 31, 2022 as compared to Rs. 248.20 lacs and Rs. 259.52 lacs respectively for the year ended March 31,
The Company’s total expenditure was to Rs. 520.83 lacs for the year ended March 31, 2022 as against Rs. 341.68
lacs for the year ended March 31, 2021.
Finance costs
Finance costs were Rs. 12.59 lacs for the year ended March 31, 2022 (previous year figure was Rs. 8.15 lacs).
Profit after tax
The Company’s profit after tax is Rs. 36.78 lacs for the year ended March 31, 2022 as compared to loss of Rs.
(79.63) lacs for the year ended March 31, 2021.
The earnings per share for the year ended March 31, 2022 was Rs. 1.03 as compared to Rs. (2.23) per equity share
of Re.10 /- each in the previous year.

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