Country Club (India) Ltd - 526550

Name of Company	Country Club (India) Ltd
BSE Code	526550
NSE Code	COUNCLB
ICICI Code
Established
My Take	Dislike
Headquarters	Hyderabad
Promoters	Y Rajeev Reddy and family
Story	They have a very good network of resorts. There are a lot of complaints on the internet.
Sector	Hotels
Sub-sector	Resorts
Website	http://www.countryclubindia.com/
Positives	Promoters hold 52% with no pledged shares. Huge reserves, reserves minus debt is greater than market cap.
Negatives	Free land offer has come under a lot of dislike from members. As usual it is not really free. Marketing teams sell memberships with lot of stunts and lies. This tends to make customers dissatisfied.
Peers	Mahindra holidays, Sterling resorts
News
Price @ blogged	11.44 (05-Apr-11)
Cost of company	102.39 Cr market cap for a 17.95 Cr NP in FY ending Mar ' 10 makes it 5.7 times. This is for a company with 186.79 Cr debt and 659.24 Cr reserves
Group
Growth