Grounded for almost a year now, kingfisher airlines has given its ceo sanjay aggarwal a pay package of nearly rs 4 crore for the last fiscal, during which its headcount nearly halved to 2,851 employees. Our concern for bestinclass board norms reflects in our transparent accounting policies. In its annual report for 2012, kfa said at its peak it was the largest airline in india, with a fivestar rating from skytrax. Josephs preuniversity college residency road bangalore 560 025 on wednesday september 26 2012 at 2. The company has three directors ayani kurussi ravindranath nedungadi, subhash raghunath gupte, and others.
Kingfisher airlines limited kingfisher airlines limited kfa is an associate of the group where your company through itself and through its other subsidiaries holds 30. The airlines brand had been registered separately from the kingfisher beer trademarks. Kingfisher airlines chairman vijay mallya has blamed almost everyone, including engine suppliers, employees, banks and tax authorities, for grounding of the carrier since. Further, discussions are in progress with some prospective investors for restarting the airline operations, mallya said in the 2012 annual report of ub group holdings ltd, the holding company for kingfisher airlines. We use contract pilots from airline recruitment limited and cae parc. Crores year net worth borrowings total 200203 200304 200405 200506 200607 200708 2008 09 2009 10 201011 201112 2012 3. Kingfisher airlines was an indian fullservice airline established in 20031. Your directors present the 18th annual report along with the audited accounts of. Josephs preuniversity college, residency road, bangalore 560 025 on tuesday. Sebi, exchanges ask 75 firms including kingfisher airlines. Kingfisher airlines debt latest news on kingfisher airlines. Technological advancement is one driver of this process common, repetitive, routine and mundane tasks performed by humans are slowly but surely automated. Table 2 financial structure of kingfisher airlines limited rs. Sebi, exchanges ask 75 firms including kingfisher airlines to restate.
The annual report of the deccan aviation private limited for 200304 projects the. Following are the year by year financial results of kingfisher airlines. Kingfisher airlines ltd has informed bse that the board of directors of the. In january 2005, the company was converted into a public limited company. Kingfisher airlines debt latest news on kingfisher. In its annual report for 2012, kfa said that at it peak, it was the largest airline in the country with a fivestar rating from skytrax. No money or flying permit for kingfisher but mallyas.
Made director of kingfisher airlines, pilibhit farmers. The companys annual report in 201112 and 2012 listed one manmohan singh kapur, a retired banker, an independent director in the company. The policy for domestic airlines to operate overseas was also introduced during this period known as 520 rule. Copy of the annual report and notice, as no copies thereof would be.
Kingfisher airlines kfa is a bengalurubased airlines. Kingfisher airlines brands to be auctioned again at lower. Ajw capital partners limited, a worldwide aviation services group based in the. We have audited the attached balance sheet of kingfisher airlines limited formerly known as deccan aviation limited the company as at march 31, 2012, the statement of profit and loss and the cash flow statement for the year ended on that date, annexed thereto. It is a nongovt company with an authorized capital of. Alok industries limited integrated textile solutions. Ub tower, level 12, ub city, 24, vittal mallya road, bangalore 560 001 notice notice is hereby given of. Kingfisher airlines ltd was incorporated in june 15, 1995 as a private limited company with the name deccan aviation. Mallya blames all but himself for kingfisher woes the hindu. Kingfisher ceo sanjay aggarwal gets rs 4cr pay package.
In all cases relating to the years 200708 to 2012, fringe benefit tax of rs. In the airlines annual report 2012 , he also mentions that the company is in talks with a potential investor. According to the annual report, phase 1 of the recovery plan involved restarting operations with a limited fleet of seven aircraft five airbus and two atr planes, gradually raising to 21. Current status of kingfisher airlines limited is under liquidation. Ub tower, level 12, ub city, 24, vittal mallya road, bangalore 560 001 notice notice is hereby given of the eighteenth annual general meeting of the company to be held at good shepherd auditorium, opposite st. Chairman of heathrow airport ltd for five years as well as. It was incorporated as a private limited company on jun. Mallya and kingfisher finvest india limited have filed a suit in the. Rediff moneywiz, the personal finance service from equips the user with tools and information in the form of graphs, charts, expert advice, and. News reports peg air indias accumulated losses in the same period at. Kingfisher airlines ltd is the largest charter aviation company in.
This will continue to constrain airline profitability. Kingfisher airline revival plan, sample of business plans. Kingfisher airlines limited s operating revenues range is over inr 500 cr for the financial year ending on. In the airlines annual report 2012, he also mentions that the company is in talks with a potential investor. Ub tower level 12 ub city 24 vittal mallya road bangalore 560 001 notice notice is hereby given of the eighteenth annual general meeting of the company to be held at good shepherd auditorium opposite st. Rediff moneywiz, the personal finance service from equips the user with tools and information in the form of graphs, charts, expert advice, and more to stay uptodate and make informed decisions.
Annual report of air india air transport services limited 557 kb annual report of air india charters limited 1 mb annual report of air india engineering services limited 398 kb annual report of airline allied services limited 769 kb annual. Annual report 2012 competition commission of india. Apr 30, 2016 in its annual report for 2012 , kingfisher airlines said that at its peak, it was the largest airline in india, with a fivestar rating from consultancy skytrax. Up farmer manmohan singh dubbed director of kingfisher. Infosys annual report 201617 many things that were seen as unique and innovative even in the recent past are commonplace today. Kingfisher airlines limited formerly known as deccan aviation limited annual report 2011 2012 directors report to the members, your directors present the 17th annual report along with the audited accounts of your company for the year ended march 31, 2012. On one hand, it was nominated by skytrax as a world 5star airline for the 2010 ranking period because of its. Kingfisher airlines limited is a public company limited by shares. Josephs preuniversity college residency road bangalore 560 025 on tuesday september 24 20 at 1. Kingfisher airlines limited formerly known as deccan aviation limited annual report 20112012 directors report to the members, your directors present the 17th annual report along with the audited accounts of your company for the year ended march 31, 2012.
Kingfisher airlines brands to be auctioned again at lower price. Gmr infrastructure limited i 17th annual report 2012 emphasis of matter i. A further 15 new stores are planned for 2012, including six in poland, two in russia, four in turkey and three in spain, adding around 7%new space. It was incorporated on 15 june, 1995 and is located in, karnataka. Copy of the annual report and notice, as no copies thereof would be distributed.
We have audited the accompanying financial statements of kingfisher airlines limited formerly known as deccan aviation limited the company. In the heydays of mallyaled group, the kingfisher brand itself was valued at over rs 4,000 crore by grant thornton when the airline was at its peak. Kingfisher airlines company history business standard. A further 15 new stores are planned for 2012, including six in poland, two in russia, four in turkey and three in spain, adding. A revival plan has been submitted to the dgca which is under consideration. Sebi, exchanges ask 75 firms including kingfisher airlines to restate accounts. The company was promoted by g r gobinath, k j samuel and vishnu singh rawal. Mar 30, 2016 in its annual report for 2012 , kfa said at its peak it was the largest airline in india, with a fivestar rating from skytrax. Your directors have pleasure in presenting this annual report and the. Kingfisher airlines limited summary analysis, annual report. Kingfisherairlines limitedannual report 201112 docshare.
In 2012, the company plans to focus on recapitalization, phased. Sebi, exchanges ask 75 firms including kingfisher airlines to restate accounts on audit redflags companies which have been issued directions to restate their financial accounts include united breweries holdings ltd, and kingfisher airlines. Check out the kingfisher airlines ltd all auditors report. Deccankingfisher with commercial and operational accountability. The directors present the annual report and accounts for the year ended 30 september 2012. Aug 24, 2016 the kingfisher brand itself was valued at over rs 4,000 crore by consultancy grant thornton when the airline was at its peak. Annual report and accounts 201112from delivering valueto creating the. Lenders put kingfisher brands on the block to recover dues. According to its 2012 annual report, kingfishers accumulated losses at the end of the year stood at. Check out the auditors report about kingfisher airlines ltd on nse, bse and future at iifl. The airline industry witnessed new players being given permission to operate in the country and policy to develop and expand infrastructure of airports in both metro as well as nonmetro cities. Aug 25, 2016 kingfisher airlines brands fail to find buyers. Mar 31, 20 to the members, the directors present the 18th annual report along with the audited accounts of your company for the year ended march 31.
In its annual report for 2012, kfa said, at its peak, it was the largest airline in the country with a fivestar rating from skytrax. In all cases relating to the years 200708 to 2012 , fringe benefit tax of rs. Financial results the company is a diversified infrastructure company with operations and. On one hand, it was nominated by skytrax as a world 5star airline for the 2010 ranking period because of its excellent product and service quality2. Analysis of financial statements of kingfisher slideshare. In its annual report for 2012 , kfa said, at its peak, it was the largest airline in the country with a fivestar rating from skytrax. Gnfr2012 milestonesdevelop a groupwide stock forecasting and replenishmentit. Ub tower, level 12, ub city, 24, vittal mallya road, bangalore 560 001 notice notice is hereby given of the seventeenth annual general meeting of.
Air pegasus takes delivery of its first plane, former kingfisher airlines atr72. It started commercial operations, involving domestic and international flights, on 9 may 2005. It is registered with registrar of companies, bangalore on jun 15, 1995. In its annual report for 2012 , kfa said at its peak it was the largest airline in india, with a fivestar rating from skytrax. Chairman of heathrow airport ltd for five years as well. Sebi and stock exchanges lists 75 companies for account re. Auditors report to the members of kingfisher airlines limited 1. The merger of air deccan with vijay mallyas kingfisher airlines in 2007 was. In the annual report for 2012, which he has sent to shareholders ahead of the proposed agm of kingfisher on 24 september, mallya has said kingfisher remains in dialogue with several investors and believes that there is a rationale forinvestment for various strategic and.
Dgca suspended its flying license, filed its annual report for fiscal year 2012 20. The airlines brand had been registered separately from the kingfisher beer trademark. Kingfisher airlines chairman vijay mallya has blamed almost everyone, including engine suppliers, employees, banks and tax authorities, for grounding of the carrier since october last year. Nse has asked ftil to restate its 2012 financial statements and. Kingfisher airlines director report business standard news. Ub tower, level 12, ub city, 24, vittal mallya road, bangalore 560 001 notice notice is hereby given of the eighteenth annual general meeting of. From bathrobe to couches, everything mallya owns is being.
Mallya blames all but himself for kingfisher woes the. Kingfisher airlines was established in 2003 and ceased operations when its license was. The kingfisher brand itself was valued at over rs 4,000 crore by consultancy grant thornton when the airline was at its peak. Market regulator sebi and stock exchanges have asked at least 75 listed firms including kingfisher airlines and its parent ub holdings, to restate their financial accounts after addressing these issues these directions have been issued by the two top exchanges bse and nse in the past one year on sebis directive and many of these companies are. Ub tower level 12 ub city 24 vittal mallya road bangalore 560 001 notice notice is hereby given of the seventeenth annual general meeting of the company to be held at good shepherd auditorium opposite st. As a significant shareholder in kfa, your company has significant exposure on various counts in it by way of loans and guarantees. Over the years, this has held true for agriculture. Gmr infrastructure limited i 17th annual report 2012 directors report the board of directors present the 17th annual report together with the audited accounts of the company for the year ended march 31, 20. Earlier known as deccan aviation, it got its present name with effect from oct. In its annual report for 2012, kingfisher airlines said that at its peak, it was the largest airline in india, with a fivestar rating from consultancy skytrax. Kingfisher airlines limited is a listed public company. No takers for kingfisher airlines brand at online auction. Sebi, exchanges ask 75 firms including kingfisher airlines to. Kingfisher airlines balance sheets, financial statements the.