you who is having a nice sleep! —

 ŏh one who has the distinguished ṣrī pānchajanyam! —

(who is) honest (in protecting the devotees) —

(and) strong (to destroy the enemies of devotees) —

ŏh the one with great thĕjas, —

vĕdhas which are the top most reference/pramānam talks about your having the determination / enthusiasm —

having as vehicle —

having svāmithvam (lordship) of owning —

(naturally) having —