Global Vectra Helicorp Ltd


BSE: 532773 | NSE: GLOBALVECT | ISIN: INE792H01019 
Market Cap: [Rs.Cr.] 19 | Face Value: [Rs.] 10
Industry: Transport - Airlines

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Board Meet

28-May-13 
Audited Results 
12-Feb-13 
Quarterly Results 
09-Nov-12 
Quarterly Results 
14-Aug-12 
Audited Results & Quarterly Results 
13-Jul-12 
Quarterly Results 

AGM

28-Sep-12
AGM : 28.09.2012 Global Vectra Helicorp Ltd has informed BSE that the 14th Annual General Meeting (AGM) of the Company was held on September 28, 2012. (As per BSE Announcement Dated on 28.09.2012) Global Vectra Helicorp Ltd has informed BSE regarding the details of Voting results at the 14th Annual General Meeting of the Company held on September 28, 2012, under Clause 35A. (As per BSE Announcement Dated on 28.09.2012) Global Vectra Helicorp Ltd has submitted to BSE a copy of the minutes of the 14th Annual General Meeting (AGM) of the Company held on September 28, 2012. (As per BSE Announcement Dated on 08.10.2012)  
23-Sep-11
AGM 23/09/2011 Global Vectra Helicorp Ltd has informed BSE that the members at the 13th Annual General Meeting (AGM) of the Company held on September 23, 2011, inter alia, have accorded to the following: 1. Adoption of the Audited Balance Sheet as at March 31, 2011 and the Profit & Loss Account and the Cash Flow Statement for the year ended March 31, 2011 along with the Report of the Board of Directors and the Corporate Governance and Auditors Report thereon on remuneration, terms & conditions. 2. Re-appointment of Dr. Gautam Sen & Mr. R.S.S.L.N. Bhaskarudu as director of the Company. 3. Re-appointment of M/s. B S R & Co., Chartered Accountants, Mumbai, as auditors of the Company, to hold the office of auditors from the conclusion of this meeting to the next annual general meeting of the Company on a remuneration, terms & conditions. 4. In partial modification of the Resolution passed at the 10th Annual General Meeting held on September 25, 2008, at the 11th Annual General Meeting held on September 29, 2009 and at the 12th Annual General Meeting held on September 16, 2010 and in accordance with the provision of the sections 198, 269, 309, 310 and read with Schedule XIII and other applicable provisions, if any, of the Companies Act, 1956 (including any statutory modification or re-enactments thereof, for the time being in force ) in the event of toss or inadequacy of profits in any financial year of the Company during the term of office of Mr. P. Raj Kumar Menon as a Whole-time Director of the Company, the remuneration, perquisites / benefits set out in the Agreement dated September 01, 2007 and September, 2009 be paid or granted to Mr. P. Raj Kumar Menon as the minimum remuneration and in case of payment of excess remuneration to Mr. P. Raj Kumar Menon. (As Per BSE Announcement Website dated on 01.10.2011) 
16-Sep-10
AGM 16/09/2010 Global Vectra Helicorp Limited has submitted to the Exchange a copy of the Minutes of the Annual General Meeting of the Company held on September 16, 2010. (As Per NSE Bulletin dated on 24.09.2010) Global Vectra Helicorp Ltd has informed BSE that the members at the 12th Annual General Meeting (AGM) of the Company held on September 16, 2010, inter alia, have accorded to the following: 1. Adoption of the Audited Balance Sheet as at March 31, 2010 and the Profit & Loss Account and the Cash Flow Statement for the year ended March 31, 2010 along with the Report of the Board of Directors and the Corporate Governance and Auditors Report thereon. 2. Re-appointment of Mr. Ravinder Kumar Rishi & Mr. P Rajkumar Memon as Directors of the Company. 3. Re-appointment of M/s. B S R & Co., Chartered Accountants, Mumbai, as auditors of the Company, who retired at this meeting, in term of section 224(1B) of the Companies Act, 1956 to hold the office of auditors from the conclusion of this meeting to the next annual general meeting of the Company on a remuneration, terms & conditions. 4. Appointment of Lt. Gen. (Retd.) SJS Saighal as a Chairman of the Company for a period of three years commencing from October 01, 2009 up to and inclusive of September 30, 2012 on such terms and conditions. 5. Appointment of Mr. P Rajkumar Menon as a Whole-time Director of the Company for a period of three years commencing from September 01, 2009 up to and inclusive of August 30, 2012 on such terms and conditions. 6. Pursuant in partial modification of the Resolution passed at the 10th Annual General Meeting held on September 25, 2008 and at the 11th Annual General Meeting held on September 29, 2009 and in accordance with the provision of the sections 198, 269, 309, 310 and read with Schedule XIII and other applicable provisions, if any, of the Companies Act, 1956 (including any statutory modification or re-enactments thereof, for the time being in force ) in the event of loss or inadequacy of profits in any financial year of the Company during the term of office of Mr. P Raj Kumar Menon as a Whole-time Director of the Company, the remuneration, perquisites / benefits set out in the Agreement dated September 01, 2007 be paid or granted to Mr. P Raj Kumar Menon as the minimum remuneration and in case of payment of excess remuneration to Mr. P Raj Kumar Menon be waived, the details of which is as under:- For the period 01-09-2007 to 31-03-2008 :- Rs. 18,69,463 For the period 01-04-2008 to 31-03-2009 :- Rs. 21,07,986 For the period 01-04-2009 to 31-08-2009 :- Rs. 10,64,082 notwithstanding the fact that such remuneration is in excess of the statutory ceiling specified in this regard as in force and amended from time to time and necessary approval of the Central Government will be obtained as may be required, to make up the shortfalls if any, without any further reference to / approval of the General Meeting. 7. Pursuant in partial modification of the Resolution passed at the 10th Annual General Meeting held on September 25, 2008 and at the 11th Annual General Meeting held on September 29, 2009 and in accordance with the provision of the sections 198, 269, 309, 310 and read with Schedule XIII and other applicable provisions, if any, of the Companies Act, 1956 (including any statutory modification or re-enactments thereof, for the time being in force ) in the event of loss or inadequacy of profits in any financial year of the Company during the term of office of Captain Dhirendra Kumar Chand as a Whole-time Director of the Company, the remuneration, perquisites / benefits set out in the Agreement dated January 30, 2008 be paid or granted to Captain Dhirendra Kumar Chand as the minimum remuneration and in case of payment of excess remuneration to Captain Dhirendra Kumar Chand be waived / the details of which is as under: For the period 30-01-2008 to 31-03-2008 : Rs. 10,11154 Forthe period 01-04-2008to 31-08-2008 : Rs. 11,30,712 For the period 01-09-2008 to 31-03-2009 : Rs. 9,77,274 For the period 01-04-2009 to 29-01-2010 : Rs. 20,40,730 notwithstanding the fact that such remuneration is in excess of the statutory ceiling specified in this regard as in force and amended from time to time and necessary approval of the Central Government will be obtained as may be required, to make up the shortfalls if any, without any further reference to / approval of the General Meeting. (As Per BSE Announcement Website dated on 27.09.2010) 
29-Sep-09
Global Vectra Helicorp Limited has informed the Exchange that in the meeting of the Board of Directors of the Company held on July 30, 2009, it has been decided that the Annual General Meeting of the Company will be convened on September 29, 2009 and the Register of Members of the Company will remain closed from September 28, 2009 to September 29, 2009 (both days inclusive), for the purpose of Annual General Meeting. Global Vectra Helicorp Ltd has informed BSE that the members at the 11th Annual General Meeting (AGM) of the Company held on September 29, 2009, inter alia, have accorded to the following: 1. Adoption of the Audited Balance Sheet as at March 31, 2009 and the Profit & Loss Account and the Cash Flow Statement for the year ended March 31, 2009 along with the Report of the Board of Directors and the Corporate Governance and Auditors Report thereon. 2. Re-appointment of Lt.Gen.(retd.) SJS Saighal & Captain Dhirendra Kumar Chand, as Directors of the Company. 3. Re-appointment of M/s. B. S. R. & Co., Chartered Accountants, Mumbai, as auditors of the company, to hold the office of auditors from the conclusion of this meeting to the next annual general meeting of the Company, on remuneration terms & conditions. 4. Appointment of Mr. Eduard Van Dam, as a Chief Executive Officer of the Company for a period of three years commencing, from November 12, 2008 up to and inclusive of November 11, 2011, on remuneration terms and conditions. 5. Resolved that in partial modification of the Resolution passed at the 10th Annual General Meeting held on September 25, 2008 and in accordance with the provision of the sections 198, 269, 309, 310 and read with Schedule XIII and other applicable provisions, if any, of the Companies Act, 1956 (including any statutory modification or re-enactments thereof, for the time being in force) in the event of loss or inadequacy of profits in any financial year of the Company during the term of office of Mr. P. Raj Kumar Menon as a Whole-time Director of the Company, the remuneration, perquisites / benefits set out in the Agreement dated September 01, 2007 be paid or granted to Mr. P. Raj Kumar Menon as the minimum remuneration and in case of payment of excess remuneration to Mr. P. Raj Kumar Menon be waived, notwithstanding the fact that such remuneration is in excess of the statutory ceiling specified in this regard as in force and amended from time to time and necessary approval of the Central Government will be obtained as may be required, to make up the shortfalls if any, without any further reference to / approval of the General Meeting. 6. Resolved that in partial modification of the Resolution passed at the 10th Annual General Meeting held on September 25, 2008 and in accordance with the provision of the sections 198, 269, 309, 310 and read with Schedule XIII and other applicable provisions, if any, of the Companies Act, 1956 (including any statutory modification or re-enactments thereof, for the time being in force) in the event of loss or inadequacy of profits in any financial year of the Company during the term of office of Captain Dhirendra Kumar Chand as a Whole-time Director of the Company, the remuneration, perquisites / benefits set out in the Agreement dated January 30, 2008 be paid or granted to Captain Dhirendra Kumar Chand as the minimum remuneration and in case of payment of excess remunration to Captain Dhirendra Kumar Chand be waived , notwithstanding the fact that such remuneration is in excess of the statutory ceiling specified in this regard as in force and amended from time to time and necessary approval of the Central Government will be obtained as may be required, to make up the shortfalls if any, without any further reference to / approval of the General Meeting. 7. Resolved that in partial modification of the Resolution passed at the 10th Annual General Meeting held on September 25, 2008 and in accordance with the provision of the sections 198, 269, 309, 310 and read with Schedule XIII and other applicable provisions, if any, of the Companies Act, 1956 (including any statutory modification or re-enactments thereof, for the time being in force) in the event of loss or inadequacy of profits in any financial year of the Company during the term of office of Mr. David Vaughan Hayler as a Chief Executive Officer of the Company, the remuneration, perquisites / benefits set out in the Agreement dated April 01, 2008 be paid or granted to Mr. David Vaughan Hayler, former Chief Executive Officer as the minimum remuneration and in case of payment of excess remuneration to Mr. David Vaughan Hayler, former Chief Executive Officer of the Company be waived, notwithstanding the fact that such remuneration is in excess of the statutory ceiling specified in this regard as in force and amended from time to time and necessary approval of the Central Government will be obtained as may be required, to make up the shortfalls if any, without any further reference to / approval of the General Meeting. 8. Authority to Board to borrow for and on behalf of the Company from time to time as they may consider it, any sum or sums of money in any manner, and without prejudice to the generality thereof, by way of loans, advances, credits, acceptance of deposits or otherwise in Indian Rupees or any other foreign currency from any bank or banks or any financial institutions, other person or persons, and whether the same be unsecured or secured, and if secured, whether by way of mortgage, charge, hypothecation, pledge or otherwise in any way whatsoever, on over or in respect of all or any of the Company's assets and effects and properties including uncalled capital, stock in trade (including raw materials, stores, spares and components in stock or in transit) notwithstanding that the monies, if any, already borrowed by the Company (apart from temporary loans and credits obtained from the Company's bankers in the ordinary course of business) may exceed the aggregate of the paid up capital of the Company and its free reserves, i.e. reserves not set apart for any specific purpose, provided that, the total amount so borrowed by the Directors and outstanding at any time shall not exceed Rs. 1000 Crores (Rupees One Thousand Crores Only) over and above the aggregate of the paid up capital of the Company and its free reserves, subject to necessary provisions & approvals. (As Per BSE Announcement Website dated on 05.10.2009) 
25-Sep-08
AGM 25/09/2008 Global Vectra Helicorp Ltd has informed BSE that the members at the 10th Annual General Meeting (AGM) of the Company held on September 25, 2008, inter alia, have accorded the following: 1. Adoption of the Audited Balance Sheet as at March 31, 2008 and the Profit & Loss Account and the Cash Flow Statement for the year ended March 31, 2008 along with the Report of the Board of Directors and the Corporate Governance and Auditors Report thereon. 2. Re-appointment of Dr. Chandrathil Gouri Krishnadas Nair & Maj. Gen. (Retd). Gurdial Singh Hundal, as Directors of the Company. 3. Re-appointment of M/s. BSR & Co, Chartered Accountants, Mumbai, as auditors of the Company, to hold the office of auditors from the conclusion of this meeting to the next annual general meeting of the Company, on remuneration, terms & conditions. 4. Appointment of Captain Dhirendra Kumar Chand, as a Director of the Company, liable to retire by rotation. 5. Re-appointment of Lt. Gen (Retd) SJS Saighal as a Chairman of the company for a period of two years commencing from October 01, 2007 upto and inclusive of September 30, 2009, on remuneration, terms and conditions. 6. Re-appointment of Mr. P Rajkumar Menon as a Whole-time Director of the Company for a period of two years commencing from September 01, 2007 upto and inclusive of August 31, 2009, on remuneration, terms and conditions. 7. Appointment of Captain Dhirendra Kumar Chand, as a Whole time Director of the company for a period of two years commencing from January 30, 2008 upto and inclusive of January 29, 2010, on remuneration, terms and conditions. 8. Appointment of Mr. David Vaughan Hayler, as a Chief Executive Officer of the company for a period of two years commencing from April 01, 2008 upto and inclusive of March 31, 2010, on remuneration, terms and conditions. 9. Authority to the Board, to borrow for and on behalf of the Company from time to time as they may consider fit, any sum or sums of money in any manner, and without prejudice to the generality thereof, by way of loans, advances, credits, acceptance of deposits or otherwise in Indian Rupees or any other foreign currency from any bank or banks or any financial institutions, other person or persons, and whether the same be unsecured or secured, and if secured, whether by way of mortgage, charge, hypothecation, pledge or otherwise in any way whatsoever, on over or in respect of all or any of the Company's assets and effects and properties including uncalled capital, stock in trade (including raw materials, stores, spares and components in stock or in transit) notwithstanding that the monies, if any, already borrowed by the Company (apart from temporary loans and credits obtained from the Company's bankers in the ordinary course of business) may exceed the aggregate of the paid up capital of the Company and its free reserves, i.e reserves not set apart for any specific purpose, provided that, the total amount so borrowed by the Directors and outstanding at any time shall not exceed Rs 600 Crores (Rupees Six Hundred Crores Only) over and above the aggregate of the paid up capital of the Company and its free reserves. (As Per BSE Announcement Website dated on 01.10.2008) 

EGM

01-Feb-10
Board has approved the followings:- 1. To increase the Authorised Share Capital of the Company to Rs. 95,00,00,000 (Rupees Ninety Five Crores only) divided into 2,50,00,000 (Two Crore Fifty Lacs) Equity Shares of Rs. 10 (Rupees Ten) each and 70,00,000 (Seventy Lacs) 11% Non-Convertible Cumulative Redeemable Preference Shares of Rs. 100 (Rupees one hundred) each subject to consent of members in General Meeting. 2. To issue 65,93,490, 11% Non-Convertible Cumulative Redeemable Preference Share of Rs. 100 each to Vectra Ltd., UK for lease rental outstanding subject to the approvals of the Government of India and Reserve Bank of India, where necessary, and subject to the Regulations / guidelines, if any, prescribed by the Securities and Exchange Board of India ('SEBI') or any other relevant authority from time to time to the extent applicable, and subject to consent of members in General Meeting and such other approvals, permissions and sanctions as may be considered necessary. 3. To call an Extra Ordinary General Meeting on February 01, 2010 for above. Global Vectra Helicorp Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company was held on February 01, 2010, , inter alia, have accorded to the following: 1. Increase in Authorised Share Capital: - Increased from Rs. 25,00,00,000 (Rupees Twenty Five Crores only) divided into 2,50,00,000 (Two Crore Fifty Lacs) equity shares of Rs. 10 (Rupees Ten) each to Rs. 95,00,00,000 (Rupees Ninety Five Crores only) divided into 2,50,00,000 (Two Crore Fifty Lacs equity shares of Rs. 10 (Rupees Ten) each and 70,00,000 (Seventy Lacs) 11% Non-Convertible Cumulative Redeemable Preference Shares of Rs. 100 (Rupees one hundred) each by creation and issue of 70,00,000 (Seventy Lacs) new 11% Non-Convertible Cumulative Redeemable Preference Shares of Rs. 100 (Rupees Hundred only) each and consequential amendment in the Memorandum & Articles of Association of the Company. 2. Issue of 65,93,490, 11% Non Convertible Cumulative Redeemable Preference Shares of Rs. 100/- each to Vectra Ltd, Company incorporated under the laws of United Kingdom: - Authority to the Board to offer, issue and allot 65,93,490, 11% Non-Convertible Cumulative Redeemable Preference Shares of Rs.100 each to Vectra Ltd, Company incorporated under the Laws of United Kingdom, having its registered office at 36, Paradise Road, Richmond, Surrey TW 91E U.K., for the total lease rental outstanding on such terms and conditions as to dividend, preferential payment and redemption as the Board, may, in its absolute discretion decide at the time of issue of 11% Non-Convertible Cumulative Redeemable Preference Shares as the Board may deem fit, subject to necessary provisions & approvals. (As Per BSE Announcement Dated on 26/02/2010) 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Jet Airways 4,992.03 0.00 -12.53 23.60 0.0 0.0 60.91
SpiceJet 2,088.92 0.00 27.31 0.00 0.0 0.0 6.51
KF Airlines 483.61 0.00 -0.09 0.00 0.0 0.0 0.00
VIF Airways 21.42 0.00 0.95 0.00 0.0 0.0 2.12
Global Vectra 18.82 0.00 -0.35 6.85 0.0 0.0 10.12
Jagson Airlines 6.03 0.00 0.20 2.15 -65.9 -24.6 7.16
East West Travel 5.26 0.00 0.05 6.30 7.4 18.5 1.86
Skyline NEPC 3.79 0.00 0.03 0.00 0.0 0.0 0.00

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Key Information

Key Executives:

S J S Saighal , Chairman 

P Raj Kumar Menon , Whole-time Director 

Gautam Sen , Director 

Chandrathil Gouri Krishnadas Nair , Director 


Company Head Office / Quarters:
A 54 Kailash Colony,
,
New Delhi,
New Delhi-110048
Phone : 91-11-29235035
Fax : 91-11-29235033
E-mail : raakesh@gvhl.net
Web : http://www.globalhelicorp.com
Registrars:
Link Intime India Pvt Ltd
C-13 Pannalal Silk
Mills Cmpd LBS Marg
Bhandup West
Mumbai - 400 078

Fund Holding

 
Scheme Name No. of Shares
HDFC Tax Saver Fund (G) 216,000

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