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Pursuant to an amendment to the Companies Act in the year 2000, our Company was converted from a deemed public company to a full fledged public company with effect from October 6, 2003. Prior to incorporation two of our existing stores at Mumbai and Bangalore were run by a division of Ivory Properties & Hotels Limited (IPHL) under the brand named Shoppers' Stop. Soon after our incorporation, IPHL executed a conducting agreement with us dated November 3, 1997 giving us a right to participate in running the departmental stores which included the right to use (i) the Mumbai Shopper's Stop property (ii) the Bangalore Shoppers' Stop property (iii) the agreements and arrangements with various parties relating to purchases, sales, franchises and co-sponsorship (iv) the brands developed (v) the diverse modes of rendering services to the customers (vi) the data bank of Shopper's Stop, the membership of the First citizen's Club etc; (vii) the software, various systems and training programmes (viii)books and cassettes providing knowledge for retail trade, (ix) the business sport systems and (x) the names of the stores and logos of the stores. This agreement was terminated and a fresh Conducting Agreement was executed with IPHL dated March 31, 2000. IPHL signed a Deed of Assignment dated March 31, 2000 with us for transferring the ownership of certain trademarks, trade names, goodwill and brand names in our favour known as SHOPPER' STOP (label), STUDIO KRT (label), STOP (label with color schemes)STOP(device), STOP(label), FIRSTCITIZENS'CLUB, BLUESBIZAAR, BLUES BIZARRE, BLUESBIZAR (word & label) BLUES BIZAAR (word & complete label) i(in-house brand), i(in-house brand), B (in-house brand). Out of the various trademarks under which we presently market our in-house products only six are registered in our name. Three of the trademarks we presently market some of our in-house products are registered in the name of our Promoter, Ivory Properties and Hotels Pvt. Ltd. and applications are yet to be made to register them in the name of our Company. For the rest, applications for the registration of these trademarks in the name of our Company have been submitted to the relevant trademark authorities and are still pending with them. We initially acquired 790 equity shares of Rs 100 each in UTL from some of the existing shareholders and increased our stake in the company to 1265 Equity Shares (25.3% of the equity capital) on March 23, 1999 at a purchase price of Rs.100 per share. UTL was a trading company, and
Minnie. In house Retail Management Trainee Programme started . The Crossword Division from IBHL was acquired at a purchase consideration of Rs. UTL handles our distribution and logistic function since February 2000 and now operates through four distribution centers located in Mumbai. its operations were discontinued in February 2001. Profound Readers' Choice Trading (India) Ltd was incorporated in November 1999 as our subsidiary and acquired `Crossword'. a chain of books and music stores.Com (India) Ltd was incorporated in February 2000 as our wholly owned subsidiary to provide on-line shopping facilities to our customers. New Delhi and Kolkata. in accounting and logistics operations. Bangalore.137. Currently. Donald and Goofy) participating. with official Disney characters (Mickey. as a going concern by way of slump sale on March 31. Profound Readers' Choice Trading (India) Ltd changed its name to Crossword Bookstores Ltd (Crossword) and has ICICI Trusteeship Services Ltd a/c ICICI Emerging Sectors Fund as it's equity investor holding 49% of its equity.5 mn for the whole of the acquired business undertaking. 2000 for assignment of trademarks of Crossword. this subsidiary has limited operations. Shoppers' Stop. Shoppers' Stop Services (India) Ltd was incorporated as our wholly owned subsidiary in March 2000 to provide shared services and consultation. and is governed by a separate shareholders' agreement.was one of our suppliers for garments and accessories. As this venture did not yield desired results. from India Book House Ltd (IBHL) under trademark and style of Crossword. The Deeds of Assignment between IBHL and Profound Readers' Choice Trading (India) Ltd were signed on March 31. 2000. Milestones of Our Business Year 1991 Events IPHL opened its first Shoppers' Stop store selling men's wear at Andheri (Mumbai) 1992 1993 Ladies section added Children and non apparel accessories sections added Disney carnival organized. UTL has discontinued its trading operations from January 2003. We enhanced our stake in UTL to 100% in February 2000. 2000 & July 5.
287 sq. Mumbai) Placed equity with external investors to raise Rs 600 mn Acquired Crossword. ft of retail area SSL co-opted as India's only member to the Intercontinental Group ot Department Stores 2000 Auto Purchase Order system and business to business connectivity Eight and Ninth store launched (Pune & Bandra. fifteenth and sixteenth stores launched in February 2004 (Malad.848 sq ft Received Superbrand status for 2003 and 2004 Received Images Retail award for the Most favoured retail 2004 . Auto Replenishment and Third store opened (Hyderabad). Mumbai). Mumbai) Received various industry awards from CMAI (including Best Retailer of the Year) and from Nasscom (Best IT Practice in Retail Category) Signed Austin Reed licence for men's outerwear for India exclusively Three stores launched taking the total number of stores to 13 (Mulund. Mumbai) Profit Linked Reward System (PLRS) introduced (or all employees 2002 2003 Tenth store opened (Kandivali.1994 1995 1996 1997 First Citizen Club loyalty card launched Second store opened (Bangalore) Festival of Britain celebrated in association with the Commercial Department of the British Consulate Shopper's Stop Limited was incorporated on June 16 1997 Festival of Indian tradition and culture.`Parikrama'. one of India's leading book retailing chain. Gurgaon and Kolkata) Fourteenth. launched Co-branded credit card launched for FCC members in partnership with HSBC 1998 (IDGS) 1999 Implemented JDA Retail ERP (a global leader in retail ERP packages) Fourth and Fifth stores launched (Jaipur & Delhi) Sixth & Seventh stores opened (Chennai & Chembur. the then largest with 72. Mumbai. Kolkatta) and October 2004 (Bangeratta Bangalore) respectively taking total retail area to 752. June 2004 (Salt Lake City. from India Book House in partnership with ICICI Trusteeship Services Limited (A/c ICICI Emerging Sectors Fund) 2001 Implemented Warehousing Module of JDA.
(India) Ltd. Big Break & Daks . a 100% subsidiary of SSL are entirely dependent on SSL and SSL is committed to provide the necessary level of financial support to Upasna to enable it to operate and pay its debts. Trading Ltd. In respect of the balance of Rs. Rs. please refer to section Consolidated Financial Information in this Red Herring Prospectus.30 million and Rs. if any. For further details.39. We are informed that management plans to enhance Upasna's role in the distribution and logistics operations of group companies and it will therefore be able to repay SSL's dues in the near future. 2004 Received the Organization With Innovative HR Practices award at the HR Excellence Awards organized by Mid-Day.88 million and Rs. Pursuant to the provisions of the said agreement our Company has agreed to purchase 4685625 equity shares of Crossword .November 2004 Reveived Top retailer 2004 India Bronze award given by Retail Asia-Pacific Top 500 awards Auditor Qualifications': Statutory Auditor Deloitte Haskins & Sells vide its report dated February 23. if required. 12.Com Shopper's Stop Bookstores Ltd. Our corporate structure: Our existing corporate structure is as under: Shopper's Stop Ltd Crossword Upasna Shopper's Stop.destination of the year . ICICI Trusteeship Services Ltd.30 milion respectively.42 million and Rs. since the impact of non-recovery. had been advanced to meet certain disputed liabilities which have been paid by Upasna under protest and SSL has correspondingly included such amounts under contingent liabilities. cannot be quantified the Summary Statements [Annexures I (a) and II (a)] have not been adjusted. 14.54 million respectively.September. [see note 2 in Annexure III (a)]. Of the Rs. (in its capacity as trustee of ICICI Emerging Sectors Fund a scheme of ICICI Emerging Sectors Trust/Mutual Fund) (hereinafter ICICI) and Crossword Bookstores Limited.39. 2005 has been entered into between Shoppers Stop. 2005 has mentioned the following qualification in respect of operations of Upasna Trading Limited which is being reproduced from their report as follows: (i) The operations of Upasna.84 million outstanding as at 30 November 2004 and 31 March 2004 respectively. Services (India) Ltd 51%* 100% 100% 100% * An agreement dated February 28.25.26.
.04 crore shares as against 57. Kotak Mahindra Capital Company Ltd.75 per cent holding. ICICI Securities Ltd and co-book running manager is IL&FS Investmart Ltd.from ICICI not later than June 30.6 lakh shares on offer in the price band of Rs 210 to Rs 250. . 2005 (unless otherwise extended by mutual consent) the said agreement shall terminate and cease to have effect.60 on the Bombay Stock Exchange (BSE). UK -Shoppers' Stop sets up new outlet in Bangalore Source : Religare Technova . Pursuant to clause 4 of the said agreement in the event that the sale and purchase of the abovmentioned shares is not completed by June 30. Post-issue. 2005 -Shoppers' Shop has fixed the price band for its maiden public offer of 69. -Shoppers Stop enters into franchisee agreement with Mothercare PLC.60 per cent higher than its issue price of Rs 238. The book-running lead managers are Enam Financial Consultants Pvt Ltd. the promoters' stake would touch around 67 per cent from the existing 79.3 times on the first day of the offer. JM Morgan Stanley Pvt Ltd.9 per cent premium over the issue price. This price band allows the company to raise a maximum of Rs 173 crore. 2005. with bids received for 3. The issue is slated to open on April 27 and close on May 3.Shoppers' Stop scrip made a sparkling debut on the bourses on May 23.The Shoppers' Stop IPO. is subscribed 8. -The IPO of Shopper's Stop is oversubscribed by 5.46 lakh shares between Rs 210 and Rs 250 per share. 56.6 times. which began on April 28 and closed on May 4. The counter opened at Rs 335 on the BSE a 40. The counter closed at Rs 372.
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