The financial statements are prepared under the historical cost
 convention, on an accrual basis and comply with the Accounting
 Standards (AS) notified by the Companies (Accounting Standards) Rules,
 2006. The preparation of the financial statements requires the
 Management to make estimates and assumptions considered in the reported
 amounts of assets and liabilities (including contingent liabilities) as
 of the date of the financial statements and the reported income and
 expenses. The Management believes that the estimates used in the
 preparation of the financial statements are prudent and reasonable.
 Future results could differ from these estimates. The significant
 accounting policies adopted in the presentation of the financial
 statements are as under:-
 
 (a) Rooms, Restaurants, Banquets and Other Services:
 
 Rooms, Restaurants, Banquets and Other Services comprise of sale of
 rooms, food and beverages, allied services relating to hotel
 operations, including net income from telecommunication services and
 management and operating fees. Revenue is recognised upon rendering of
 the service.
 
 (b) Export Benefits Entitlement:
 
 Benefits arising in the nature of Duty Free Scrips are recognised upon
 the actual utilisation of Duty Credit Scrips for the purchase of Fixed
 Assets and Inventories and are adjusted against the cost of the related
 assets.
 
 (c) Employee Benefits:
 
 i.  Provident Fund
 
 The Company''s contribution to the recognised Provident Fund,
 paid/payable during the year, is debited to the profit and Loss
 Account. The shortfall, if any, between the return guaranteed by the
 statute and the actual earnings of the Fund is provided for by the
 Company and contributed to the Fund.
 
 ii.  Gratuity Fund
 
 The Company makes annual contributions to funds administered by the
 trustees for amounts notified by the funds. The Company accounts for
 the net present value of its obligations for gratuity benefits, based
 on an independent actuarial valuation, determined on the basis of the
 projected unit credit method, carried out as at the Balance Sheet date.
 Actuarial gains and losses are recognised immediately in the profit
 and Loss Account.
 
 iii.  Post Retirement Benefits
 
 The net present value of the Company''s obligation towards post
 retirement pension scheme for retired whole time directors is
 actuarially determined, based on the projected unit credit method.
 Actuarial gains and losses are recognised immediately in the profit
 and Loss Account.
 
 iv Superannuation
 
 The Company has a defined contribution plan, wherein it annually
 contributes a sum equivalent to the employee''s eligible annual basic
 salary to a fund administered by the trustees. The Company recognises
 such contributions as an expense in the year in which they are
 incurred.
 
 The Company also has separate funded and unfunded schemes, which
 guarantee a minimum pension to certain categories of employees. The
 Company accounts for the net present value of its obligations therein,
 based on an independent external actuarial valuation, carried out as at
 the Balance Sheet date, which is determined on the basis of the
 projected unit credit method. Actuarial gains and losses are recognised
 immediately in the profit and Loss Account.
 
 v.  Compensated Absences
 
 The Company has a scheme for compensated absences for employees, the
 liability for which is determined on the basis of an actuarial
 valuation, carried out at the Balance Sheet date.
 
 vi.  Other Employee Benefits
 
 Other benefits, comprising of Long Service Awards and Leave Travel
 Allowances, are determined on an undiscounted basis and recognised
 based on the likely entitlement thereof.
 
 (d) Fixed Assets:
 
 Fixed assets are stated at cost less depreciation/amortisation and
 impairment losses, if any. Cost includes expenses incidental to the
 installation of assets and attributable borrowing costs.
 
 (e) Depreciation/Amortisation:
 
 In respect of assets acquired before December 16, 1993, depreciation is
 provided under the straight-line method at the rates and in the manner
 specified in Schedule XIV to the Companies Act, 1956, as existing on
 that date.
 
 In respect of assets acquired on or after December 16, 1993,
 depreciation is provided at the rates as specified in Schedule XIV to
 the Companies Act, 1956, as revised with effect from that date. In
 respect of Leasehold Land, depreciation is provided for from the date
 the land is put to use for commercial operations, over the balance
 period of the lease. In respect of Improvements to Buildings,
 depreciation is provided @ 6.67% based on its useful life.
 
 Intangible assets are amortised on a straight-line basis at the rates
 specified below:
 
 Website Development Cost - 20.00%
 
 Cost of Customer Reservation System (including licensed software) -
 16.67%
 
 Service & Operating Rights - 10.00%
 
 (f) Transactions in Foreign Exchange:
 
 Transactions in foreign currencies are recorded at the exchange rate
 prevailing on the date of the transaction.
 
 In respect of integral foreign operations:-
 
 i.  Monetary items outstanding as at the Balance Sheet date are
 translated at the exchange rate prevailing at the Balance Sheet date
 and the resultant difference is recognised as income or expense, as the
 case may be;
 
 ii.  Non-monetary items outstanding as at the Balance Sheet date are
 reported, using the exchange rate prevailing on the date of each
 transaction.
 
 In respect of non-integral foreign operations:-
 
 Both monetary and non-monetary items are translated at the closing rate
 and the resultant difference is accumulated in a Foreign Currency
 Translation Reserve, until the disposal of the net investment.
 
 (g) Derivative Instruments:
 
 Exchange differences arising on repayment/revaluation of derivative
 contracts, entered into in respect of some of the Company''s underlying
 borrowings, are recognised as income or expense, as the case may be, in
 the period in which they arise. Interest rate derivatives are accounted
 based on an underlying benchmark for the relevant period.
 
 (h) Impairment of Assets:
 
 The carrying values of assets / cash generating units at each Balance
 Sheet date are reviewed for impairment of assets. If any indication of
 such impairment exists, the recoverable amount of such assets is
 estimated and impairment is recognised, if the carrying amount on these
 assets exceeds their recoverable amount. The recoverable amount is the
 greater of the net selling price and value in use. Value in use is
 arrived at by discounting the future cash flow to their present value
 based on an appropriate discount factor. When there is indication that
 an impairment loss recognised for an asset in prior accounting periods
 no longer exists or may have decreased, such reversal of impairment
 loss is recognised.
 
 (i) Assets taken on lease:
 
 Operating Lease payments are recognised as expenditure in the profit
 and Loss Account on a straight line basis, representative of the time
 pattern of benefits received from the use of the assets taken on
 lease.
 
 (j) Inventories:
 
 Stock of Food and Beverages and Stores and Operating supplies are
 carried at cost (computed on a Weighted Average basis) or Net
 Realisable Value, whichever is lower.
 
 (k) Investments:
 
 i. Long term investments are carried at cost. Provision is made for
 diminution in value, other than temporary, on an individual basis.
 
 ii.  Current investments are carried at the lower of cost and fair
 value, determined on a category-wise basis.
 
 (l) Taxes on income:
 
 i. Income tax is computed in accordance with Accounting Standard 22 -
 ''Accounting for Taxes on Income'' (AS-22), notified by the Companies
 (Accounting Standards) Rules, 2006. Tax expenses are accounted in the
 same period to which the revenue and expenses relate.
 
 ii. Provision for current income tax is made for the tax liability
 payable on taxable income after considering tax allowances, deductions
 and exemptions determined in accordance with the prevailing tax laws.
 The differences between the taxable income and the net profit or loss
 before tax for the year as per the financial statements are identifi
 ed and the tax effect of timing differences is recognised as a deferred
 tax asset or deferred tax liability.  The tax effect is calculated on
 accumulated timing differences at the end of the accounting year, based
 on effective tax rates substantively enacted by the Balance Sheet date.
 
 iii. Deferred tax assets, other than on unabsorbed depreciation and
 carried forward losses, are recognised only if there is reasonable
 certainty that they will be realised in the future and are reviewed for
 the appropriateness of their respective carrying values at each Balance
 Sheet date. In situations where the Company has unabsorbed depreciation
 and carried forward losses, deferred tax assets are recognised only if
 there is virtual certainty supported by convincing evidence that the
 same can be realised against future taxable profits. Deferred Tax
 assets are reviewed at each Balance Sheet date for their realisability
 
 (m) Accounting for Provisions, Contingent Liabilities and Contingent
 Assets:
 
 Provisions are recognised in terms of Accounting Standard 29 -
 ''Provisions, Contingent Liabilities and Contingent Assets'' (AS-29),
 notified by the Companies (Accounting Standards) Rules, 2006, when
 there is a present legal obligation as a result of past events, where
 it is probable that there will be outflow of resources to settle the
 obligation and when a reliable estimate of the amount of the obligation
 can be made. Contingent Liabilities
 are recognised only when there is a possible obligation arising from
 past events, due to occurrence or non- occurrence of one or more
 uncertain future events, not wholly within the control of the Company,
 or where any present obligation cannot be measured in terms of future
 outflow of resources, or where a reliable estimate of the obligation
 cannot be made. Obligations are assessed on an ongoing basis and only
 those having a largely probable outflow of resources are provided for.
 Contingent Assets are not recognised in the financial statements.
 
 (n) Borrowing Costs:
 
 i.  Interest and other borrowing costs, attributable to qualifying
 assets are capitalised.
 
 ii.  Interest not attributable to qualifying assets is charged to the
 profit and Loss Account in the year in which it is incurred.
 
 iii.  Debenture issue costs and the entire premium on redemption of
 Debentures are adjusted against the Securities Premium Account in
 accordance with the provision of Section 78 of the Companies Act, 1956.
 
 iv Other Borrowing Costs are charged to revenue account over the tenure
 of the borrowing.