Pantaloons Final Report

PEARL ACADEMY OF FASHION FOUNDATION BUSINESS
SUBMITEED BY: DISHA JAIN MEDHAVINI RAI RICHA KAPILA SAMBHAV CHAND SHIWAM MOHAN

Pantaloon Retail India Ltd.
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TABLE OF CONTENTS
S. No
1. 2. 2.1 2.2 2.3 2.4 2.4.1 2.4.2 2.4.3 2.5 3. 3.1 3.1.1 3.1.2 3.1.3 3.2 3.3 3.4 3.5 3.5.1 3.5.2 3.5.3 3.5.4 3.5.5 3.5.6 3.5.7 4. 5. 5.1 5.2
Particulars
Overview Of Indian Retail Industry Organization Profile Of Pantaloons Company profile Board of Director History of company Current status Group vision Group mission Positioning Companys competitors Internal & External Environment Marketing Environment Macro Environment Micro Environment Internal Environment (The Company) Product Mix STP of Pantaloons Pantaloons objectives Human resources Code of conduct Future group manifesto Performance appraisal Vacancies Labour wages Awards and recognition Privacy policy Product profile of Pantaloons Analysis of economic environment Factors affecting the demand Factors affecting the supply
Page No.
7 9 10 12 13 14 14 14 15 16 17 18 20 27 29 33 55 62 67 68 70 72 74 80 83 85 92 102 103 104
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5.3 5.4 5.5 5.6 5.7 5.8 6. 6.1 6.2 6.3 6.4 6.5 7. 8. 9. 10. 11. 12.
Fiscal policy Monetary policy Organisation growth charts Companys financial performance Horizontal analysis of profit & loss Horizontal analysis of balance sheet Competitors profile (KOUTONS) Company profile History Product profile Horizontal analysis of profit and loss Horizontal analysis of balance sheet Swot analysis Conclusions and Recommendations Pantaloons v/s Koutons Work place safety checklist ANNEXURE REFERENCES
106 110 113 116 119 121 124 125 126 127 130 132 135 136 137 138 146 162
Pantaloon Retail India Ltd. Page 4
AIM OF REPORT
The learning from this project is to understand the organization profile and current status of the organization its group mission and vision, covering its product line, comparing the organization PANTALOON with other organization, analyzing the balance sheet and profit and loss. The preparation of financial statements in conformity with generally accepted accounting principles requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the results of operations during the reporting period. Although these estimates are based upon managements best knowledge of current events and actions, actual results could differ from these estimates.

ACKNOWLEDGEMENT
We owe great thanks to people who have helped and supported us during our research on PANTALOONS RETAIL (INDIA) LTD. Our deepest thanks to lecturer, Mr.Rahul Jain the guide of the project for guiding and correcting various documents of ours with attention and care. He has taken pain to go through the project and make necessary changes when required. We would also thank our institution and faculty members without whom the project would have been a distant reality. We also extend our heartfelt thanks to our family members.
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1. OVERVIEW OF INDIA RETAIL INDUSTRY Retailing is the worlds largest private sector contributing to 8% of the GDP and it employs one sixth of the labor force. The estimated retail trade is expected to be 7 trillion US $. Many countries have developed only due to retailing and presently we see there is a vast change in the retail industry. As far as India is concerned it contributes to 14% of our GDP and it is the second largest sector next to agriculture that provides employment to more number of persons. Now according to a survey, India is classified in to the fifth most attractive retail destination and second among the countries in Asia. Worldwide it is ranked as fifth most attractive retail destination. WHAT IS RETAIL? The word retail has come from a French word Retailer that means to cut off a piece. Retailing includes all activities involved in selling the products and services to the ultimate consumers. So this is said to be the last person in the channel of distribution. FUNCTIONS OF RETAILING Retailing is supposed to provide: Product Utility Place utility Time Utility Ownership Utility It provides final end products to the consumers, not raw materials, end products in usable form to the consumers. Thereby it creates product utility. Second one, it is given in the place where the consumer requires it. That is, retailing outlets are open in the places according to the convenience of the customer and also based on the demand of the consumer. Third One, it creates Time Utility. In the sense that, the shops are open as per the requirement of the consumer that is between 10 and 8 or 10 to 5. Whenever the consumers want to go and shop they can go and shop at a particular period convenient to the customer.
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Next one, when the product is sold finally it creates Ownership Utility. So, we can conclude that retailing is a marketing intermediary which creates Product Utility, Place Utility, Time Utility and Ownership Utility in providing goods and services to the consumers. REASONS FOR RETAIL REVOLUTION With double salaries and nuclear families, disposable income in the hands of middle income group people is high and that is one reason why retail revolution has taken place. The second one is a very interesting feature. Now there is a customer called New Age Customer. GROWTH OF RETAIL SECTOR Retailing is the worlds largest private sector contributing to 8% of the GDP and it employs one sixth of the labor force. The estimated retail trade is expected to be 7 trillion US $. Many countries have developed only due to retailing and presently we see there is a vast change in the retail industry. Discretionary income is the income left with a person apart from providing for his basic facilities. So this discretionary income he can utilize in any manner as he wants. So he is one person who is being aimed at by the retail industry, who is being trapped by the retail industry for purchases.
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ORGANIZATION PROFILE

2.1 COMPANY PROFILE Pantaloon Retail (India) Limited, is Indias leading retailer that operates multiple retail formats in both the value and lifestyle segment of the Indian consumer market. The US-based National Retail Federation (NRF) recently awarded the International Retailer of the Year 2007 Pantaloon Retail and the Emerging Market Retailer of the Year 2007 at the World Retail Congress held in Barcelona. Headquarters: Mumbai (Bombay) Online portal: futurebazaar.com Website: www.pantaloon.com Type: Private BSE: 523574 Founded: India Chairman: Mr.Shailesh Haribhakti Key people: Kishore Biyani, MD & Group CEO Industry: Retail Products:Discount Supercenter The company operates over 12 million square feet of retail space, has over 1000 stores across 71 cities in India and employs over 30,000 people. Companys leading formats: Pantaloons, a chain of fashion outlets Big bazaar, a uniquely Indian hypermarket chain Food Bazaar, a supermarket chain Brand factory Blue sky aLL Top 10 Star and Sitara Stores
Kishore Biyani
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REGISTERED OFFICE AND CORPORATE OFFICE Knowledge House, Shyam Nagar, Off Jogeshwari-Vikhroli Link Road,Jogeshwari (East), Mumbai 400 060. Tel. No. : + 91 22 6644 2200
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2.2 BOARD OF DIRECTORS Mr. SHAILESH HARIBHAKTI Chairman Mr. KISHORE BIYANI Managing Director Mr. GOPIKISHAN BIYANI Wholetime Director Mr. RAKESH BIYANI Wholetime Director Mr. VIJAY BIYANI Wholetime Director (Appointed w.e.f. 26-09-2009) Mr. S. DORESWAMY Director Dr. DARLIE KOSHY Director Mr. ANIL HARISH Director Ms. BALA DESHPANDE Director Mr. VIJAY KUMAR CHOPRA Director COMPANY SECRETARY Mr. DEEPAK TANNA STATUTORY AUDITORS NGS & CO. RISK ADVISORS ERNST & YOUNG PVT. LTD
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2.3 HISTORY OF COMPANY YEAR EVENTS 1987 - Pantaloon Textile Industries Limited, was incorporated under the name Bansi Textile Industries Pvt Ltd on the 15th July. The Company was converted into Public Limited Company by passing a Special Resolution in the EGM held on 1.11.1991 and a fresh change of name certificate consequent on conversion has been obtained from the Registrar of Companies, Maharashtra on 5th June 1992. 1992 - The Company name has been changed as Pantaloon Textile Industries Limited by passing Special Resolution in the EGM held on 25th July and fresh change of name certificate has been obtained from the Registrar of Companies, Maharashtra on 10th July. - The Company is engaged in the manufacture of blended fabrics primarily trouser and suitings material under the brand name "Pantaloon's Expressions. I t commenced its operations from the year 1987-88. 1999 - The Company allotted 10, 00,000 11% Cumulative Preference Shares of Rs. 10/- each aggregating Rs. 1,00,00,000/- on private placement basis. - Vijay Biyani as Managing Director and Mr. Anil Biyani and Mr. Sunil Biyani as Whole time Directors of the Company for a period of 5 years with effect from 1st April. 2000 - The Company has launched its Ajile collection of sportswear, viz., crew neck T-shirts, polo pique shirts, track bottoms and track suits in unisex designs and a range of colors. 2005 - Pantaloon Industries Ltd on January 4 picked up the entire 68% stake of ICICI Venture Fund in the Bangalore-based branded attire maker Indus League Clothing Ltd for a consideration of Rs 24.09 crore. 2006 -Pantaloon Industries - MOU with ETAM Group of France.
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MAJOR ACHIEVEMENTS OF PANTALOON RETAIL

Chosen as International Retailer for the Year 2007 Chosen as Emerging Market Retailer of the Year 2007 Best Employers in India (Rank 14th) in the Hewitt Best Employers 2007 survey. Best Managed Company in India (Mid-cap) for the year 2006. Won Images Retail Awards 2006 for Best Value Retail Store, Best Retail Destination, and Best Food & Grocery Store.
2.4 CURRENT STATUS
2.4.1 GROUP VISION Future Group shall deliver Everything, Everywhere, Everytime for Every Indian Consumer in the most profitable manner.
2.4.2 GROUP MISSION We share the vision and belief that our customers and stakeholders shall be served only by creating and executing future scenarios in the consumption space leading to economic development. We will be the trendsetters in evolving delivery formats, creating retail realty, making consumption affordable for all customer segments for classes and for masses. We shall infuse Indian brands with confidence and renewed ambition. We shall be efficient, cost- conscious and committed to quality in whatever we do.
We shall ensure that our positive attitude, sincerity, humility and united determination shall be the driving force to make us successful.
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Targeted primarily at the Indian fashion conscious urban population. The USP is primarily on offering fresh fashion at affordable prices.

2.4.3 POSITIONING Pantaloons vision has led them to be as a front-runner in through multiple delivery formats, primarily catering to the lifestyle and value customers. The company aims to be the trendsetters in evolving delivery formats, creating retail realty. A pantaloon commits to be efficient, cost- conscious and committed to quality. Pantaloon now plans to be more relevant to the younger consumers and will position itself differently in terms of identity, merchandise, and retail concept.
GROWTH REPRESENTING INCREASING IN CUSTOMER DOMINANCE

After nearly two decades, the flagship Pantaloon store has been repositioned. It has dropped its earlier "family store" positioning to don "the affordable fashion" tag.
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2.5 COMPANYS COMPETITORS
SHOPPERS STOP
KOUTONS
PANTALOONS RETAIL LTD.
LIFESTYLE
WESTSIDE
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INTERNAL AND EXTERNAL ENVIRONMENT
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3.1 MARKETING MIX The THREE different environment of marketing are: 1. MACRO ENVIORNMENT 2. MICRO ENVIORNMENT 3. INTERNAL ENVIORNMENT But, the Business World is like an Orange... Peeling the ORANGE
IMPORTANCE OF UNDERSTANDING THE ENVIRONMENT The managers job cannot be accomplished in a vacuum within the organization. There are a number of factors both internal as well as external which jointly affect managerial decisionmaking. It is therefore very important for the manager to understand and evaluate the impact of the business environment due to the following reasons :
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a)Businesses may be doomed to be non starters due to restrictive business environment which may take the form of rigid government laws ( no polluting industry can ever be located in around 50 Km radius of the Taj) , state of competition ( Car manufacturing capacity presently in the country is far in excess of demand) etc. b)The present and future viability of an enterprise is impacted by the environment For eg no TV manufacturer can be expected to survive by making only B&W television sets when consumer preference has clearly shifted to colour television sets. c)The cost of capital and the cost of borrowing - two key financial drivers of any enterprise are impacted by the external environment . For eg the ability of a business to fund its expansion plan by raising money from the stock markets depends on the prevalent public mood towards investment in stock markets. d)The availability of all key inputs like skilled labour , trained managers , raw materials , electricity , transportation , fuel etc are a factor of the business environment. e)Increasing public awareness of the negative aspects of certain industries like hand woven carpets ( use of child labour ) , pesticides (damage to environment in the form of chemical residues in groundwater), plastic bags (choking of sewer lines) have resulted in the slow decline of some industries. f)Finally , the environment offers the opportunities for growth and profits . For eg when the insurance and aviation industry was thrown open to the private sector , the new entrant could easily build on the expectations of the public.
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3.1.1 PARTS OF MACRO ENVIORNMENT I. Demographic Environments
Demographics tell marketers who current and potential customers are; where they are; and how many are likely to buy what the marketer is selling. Demography is the study of human populations in terms of size, density, location, age, sex, race, occupation, and other statistics. Changes in the demographic environment can result in significant opportunities and threats presenting themselves to the organization. Major trends for marketers in the demographic environment include worldwide explosive population growth; a changing age, ethnic and educational mix; new types of households; and geographical shifts in population.
i. ii. iii. iv. v. vi.
Worldwide population growth: Population age mix: Ethnic market Educational groups Household patterns Geographical shifts in population
Demographics of Republic of India
Population of India, 1961-2003
Population: Growth rate:
1,166,079,217 (2009 est) 1.548% (2009 est)
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Birth rate: Death rate:
22.22 births/1,000 population (2009 est) 6.4 deaths/1,000 population (2009 est)
Life expectancy: 69.89 years (2009 est) Male: Female: Fertility rate: 67.46 years (2009 est) 72.61 years (2009 est) 2.72 children born/woman (NFHS-3, 2008)
Infant mortality {{{infant_mortality}}} rate: Age structure: 0-14 years: 31.1% (male 190,075,426/female 172,799,553) (2009 est) 15-64 years: 63.6% (male 381,446,079/female 359,802,209) (2009 est) 65-over: 5.3% (male 29,364,920/female 32,591,030) (2009 est) Sex ratio: At birth: Under 15: 15-64 years: 65-over: 1.12 male(s)/female (2009) 1.10 male(s)/female (2009) 1.06 male(s)/female (2009) 0.90 male(s)/female (2009)
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Language: Official: Hindi, English
FOR PANTALOONS: It is basically situated in urban areas and metropolitan cities catering to middle and upper middle-income group. Company has divided its customers in three different groups- INDIA ONE, INDIA TWO and INDIA THREE. Age: 0-14, 15-64 and 64 above Income distribution: Medium income of around Rs.25000 and above. Education: High school dropouts, high school degrees, college degrees and professional degrees. Geographical shifts: Central, western and eastern and in southeast. Pantaloon Retail is currently present in 32 cities of India. The company has identified 80 cities of India which it feels would be a potential Market for the companys retail formats. The company has stores in smaller towns like Sangli, Ambala, Haldia, and Durgapur.
PEST ANALYSIS:
Pest analysis cover Economic Environment, Natural Environment, Sociocultural Factor and Technological Factor. This is imperative that an organization considers its environment before beginning the marketing process. In fact, environmental analysis should be continuous and feed all aspects of planning. The organization's marketing environment is made up of: The macro-environment e.g. Political (and legal) forces, Economic forces, sociocultural forces, and Technological forces. These are known as PEST factors.
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II.
Economic Environments
The economic environment consists of factors that affect consumer purchasing power and spending patterns. Economic factors include business cycles, inflation, unemployment, interest rates, and income. Changes in major economic variables have a significant impact on the marketplace. For example, income affects consumer spending which affects sales for organizations. According to Engel's Laws, as income rises, the percentage of income spent on food decreases, while the percentage spent on housing remains constant. The economy of India is the twelfth largest economy in the world by nominal value and the fourth largest by purchasing power parity (PPP). In the 1990s, following economic reform from the socialist-inspired economy of post-independence India, the country began to experience rapid economic growth, as markets opened for international competition and investment. In the 21st century, India is an emerging economic power with vast human and natural resources, and a huge knowledge base. Economists predict that by 2020, India will be among the leading economies of the world. Marketers need to consider the state of a trading economy in the short and long-terms. This is especially true when planning for international marketing. You need to look at: 1. Interest rates. 2. The level of inflation Employment level per capita.
3. Long-term prospects for the economy Gross Domestic Product (GDP) per capita, and so on. Pantaloons have been successful in lowering the level of inflation by adopting certain policies and certainly generating good employment opportunities for the population.
III.
Natural Environments
The ecosystem refers to natural systems and its resources that are needed as inputs by marketers or that are affected by marketing activities. Green marketing or environmental concern about the physical environment has intensified in recent years. To avoid shortages in raw materials, organizations can use renewable resources (such as forests) and alternatives (such as solar and wind energy) for nonrenewable resources (such as oil and coal). Organizations can limit their energy usage by increasing efficiency. Goodwill can be built by voluntarily engaging in pollution prevention activities and natural resource. i. ii. iii. iv. Change role of government Higher pollution levels Shortage of raw materials Increase cost of energy
IV.
Technological Environments
The technological environment refers to new technologies, which create new product and market opportunities. Technological developments are the most manageable uncontrollable force faced by marketers. Organizations need to be aware of new technologies in order to turn these advances into opportunities and a competitive edge. Technology has a tremendous effect on life-styles, consumption patterns, and the economy. Advances in technology can start new industries, radically alter or destroy existing industries, and stimulate entirely separate markets. The rapid rate at which technology changes has forced organizations to quickly adapt in terms of how they develop, price, distribute, and promote their products. i. Accelerating pace of change
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ii. iii. iv.
Unlimited opportunities for innovation Increased regulation Varying R & D budgets
Pantaloons over a time has been using updated technology that has lead in better disposable income for the households also less rate of depletion of resources. They are also doin meaningful transactions on e-tailing space. There is a new and fast
emerging population of customers called Netizens who are spending more time in front of their PCs. They are increasing by the day and are the ones who prefer to transact and communicate over the internet.
Technology has expanded operations of the apparel and footwear industries to a more global scale. It has also provided closer working relationships between retailers and manufacturers. Technology has improved efficiency and has reduced the amount of manual labor. V. Political Environments
The political environment includes governmental and special interest groups that influence and limit various organizations and individuals in a given society. Organizations hire lobbyists to influence legislation and run advocacy ads that state their point of view on public issues. Special interest groups have grown in number and power over the last three decades, putting more constraints on marketers. The public expects organizations to be ethical and responsible. An example of response by marketers to special interests is green marketing, the use of recyclable or biodegradable packing materials as part of marketing strategy. Political risk can be defined as the impact of political change on the export firm's operations and decision-making process. Political risk is determined differently for different companies, as not all of them will be equally affected by political changes. Political risk is of a macro nature when politically inspired environmental changes affect all foreign investment. It is of a micro nature when the environmental changes are intended to affect only selected fields of business activity or foreign firms with specific characteristics, (possibly by expropriation).
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VI.
Cultural Environments Social/cultural forces are the most difficult uncontrollable variables to predict. It is important for marketers to understand and appreciate the cultural values of the environment in which they operate. The social and cultural influences on business vary from country to country. It is very important that such factors are considered. Factors include:
1. What is the dominant religion? 2. What are attitudes to foreign products and services? 3. Does language impact upon the diffusion of products onto markets? 4. How much time do consumers have for leisure? 5. What are the roles of men and women within society? 6. How long are the population living? Are the older generations wealthy? 7. Do the population have a strong/weak opinion on green issues? Pantaloons offer its customers a wide variety of products leading to maximum sales and customer satisfactions relating to the social environment. It has clearly defined its values, policies and initiatives that are all mentioned above in the report.
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3.1.2 PARTS OF MICRO ENVIRONMENTS The external microenvironment consists of forces that are part of an organization's marketing process but are external to the organization. These micro environmental forces include the organization's market, its producer-suppliers, customers, employees, retail outlets and its marketing intermediaries. While these are external, the organization is capable of exerting more influence over these than forces in the macro environment. i. Market: Organizations closely monitor their customer markets in order to adjust to changing tastes and preferences. A market is people or organizations with wants to satisfy, money to spend, and the willingness to spend it. The market includes the customers as well as the publics who do not come under the category of customers. Consumers, target customers but are people who have the ability to influence the sales. Each target market has distinct needs, which need to be monitored. It is imperative for an organization to know their customers, how to reach them and when customers' needs change in order to adjust its marketing efforts accordingly. The market is the focal point for all marketing decisions in an organization. ii. iii. iv. 190 million customers 33,500 employees 4000 supply partners :Suppliers are organizations and individuals that provide the resources needed to produce goods and services. They are critical to an organization's marketing success and an important link in its value delivery system. v. 73 cities Agra: 1 store, Ahmedabad: 3 stores, Bangalore: 3 stores, Baroda: 1 store, Bhubhaneshwar: 1 store, Chennai: 2 stores, Delhi: 4 stores, Ghaziabad: 1 store, Gurgaon: 2 stores, Ghwahati: 1 store, Hyderabad: 2 stores, Indore: 1 store, Kanpur: 1 store, Kolkata: 5 stores, Lucknow: 1 store, Mangalore: 1 store, Mumbai: 7 stores, Napur: 1 store, Nashik: 1 store, Navi Mumbai: 1 store, Nodia: 1 store, Pune: 1 store, Rajkot: 1 store, Siliguri: 1 store, Surat: 1 store &Zirakpur: 1 store
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vi. vii.
Competitors: Mega mart, Westside, Lifestyle, Will Lifestyle, Max Intermediaries: Like suppliers, marketing intermediaries are an important part of the system used to deliver value to customers. Marketing intermediaries are independent organizations that aid in the flow of products from the marketing organization to its markets. The intermediaries between an organization and its markets constitute a channel of distribution. These include middlemen (wholesalers and retailers who buy and resell merchandise). Physical distribution firms help the organization to stock and move products from their points of origin to their destinations. Warehouses store and protect the goods before they move to the next destination. Marketing service agencies help the organization target and promote its products and include marketing research firms, advertising agencies, and media firms. Financial intermediaries help finance transactions and insure against risks and include banks, credit unions, and insurance companies.
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3.1.3 PARTS OF INTERNAL ENVIRONMENT
i. ii. iii. iv. v.

Logistics R&D Purchasing Production Marketing
THE INTERNAL ENVIRONMENT All factors that are internal to the organization are known as the 'internal environment'. They are generally audited by applying the 'Five Ms, which are Men, Money, Machinery, Materials and Markets. The internal environment is as important for managing change as the external. As marketers we call the process of managing internal change 'internal marketing.'
Internal Risk Factors We have certain criminal litigation cases filed against the Company and our directors.
i.
The Local Health Authority, Ahmedabad Municipal Corporation has filed a criminal case against the Company, its then responsible assistant manager Mr. Alok Dave, Mr. KishoreBiyani and Mr. SandipModi and others in respect of a product sold at the Companys retail outlet at Ahmedabad for the alleged sale of an adulterated product and the alleged misbranding of the product.
ii.
The Inspector of Legal Metrology had filed 14 cases against the Company and its directors Mr. KishoreBiyani, Mr. RakeshBiyani, Mr. GopikishanBiyani, Mr. ShaileshHaribhakti, Mr. DarlieKoshy, Mr. S Doraiswamy, Ms. AnjuPoddar, Ms. BalaDeshpande and Mr. VedPrakashArya for the alleged violation of Rule 23(1) of the Standards of Weights and Measures (Packaged Commodities) Rules, 1977 in the Big Bazaar premises in Lower Parel. These cases have been compounded by the Company by paying compounding fees aggregating Rs. 0.11 million.
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LOGISTICS The current year marked a significant milestone for the Company when it opened its 100th Big Bazaar store within a record time of seven years. As on June 30, the Company operated 116 Big Bazaars, 148 Food Bazaars, 45 Pantaloons and 9 Centrals, that covered 9.7 million square feet of retail space and attracted footfalls of 185 million customers. This data is only of Pantaloon Retail (India) Limited and does not include that of its subsidiaries.the business has grown from one store in Kolkota in 1997 occupying an area of 8,000 Sq. ft. to 72 stores, apart from our 22 factory outlets located in multiple cities occupying an aggregate area of 21,07,608 Sq. ft. We focus on the Lifestyle segment through 14 Pantaloon stores, 3 Central Malls, 2 aLL stores, 2 Fashion Station and 1 MeLa store. In the Value segment, we have 21 Big Bazaar and 30 Food Bazaar outlets. Exclusive formats include: a. b. c. d. Pantaloons: Lifestyle products under Private Labels and third party brands Central: Seamless mall providing the customer with a wide range of lifestyle products across multiple national and international brands Big Bazaar: Value retailing with a range of products from apparel, toys, accessories, consumer FMCG products RESEARCH AND DEVELOPMENT i. ii. A pantaloon is creating of new consumption categories. One of the first initiatives was Food Bazaar partnering with Indias leading FMCG brands like Nivea, Dove, Olay, Lakme, Ponds, among others, to celebrate Beauty Carnival across 5 metros. iii. Another successful initiative was the growth of mens grooming category, which was at a very nascent stage. durables to household products and furnishing Food Bazaar: Food and personal care products including dry groceries and
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FINANCE The Company has identified four categories that it will focus on and these categories capture more than 70% of the consumers wallet. These categories are fashion, food, general merchandise and home, which includes consumer electronics and furniture.
CUSTOMER AND MARKETING The focus for the Company is as much on acquiring new customers as it is on gaining a larger share of the consumption spends from existing customers. The Company has already introduced a group-wide loyalty program, Future Privileges, which works towards encouraging customers to spend across multiple formats of the Company for all their needs. The program is designed in a manner such that every member of the program spends atleastRs 1,00,000 in various product category only within the Companys retail formats. In addition, the existing loyalty programs were further strengthened, with the flagship program, Pantaloons Green Card contributing more than a 50% of the revenues from the Pantaloons chain. Another key initiative taken by the Company was increased emphasis on gathering social, cultural, economic and behavioral insights into Indian communities and developing localized strategies targeted at the social communities that each of the stores cater to. A cross-functional team of economists, sociologists, anthropologists and business managers has been formed to gather information.
COMPETITION Pantaloon Retail has been one of the earliest and strongest advocates for the need for collaboration in the industry, primarily in the back-end infrastructure. Significant amount of value can be unleashed through increased collaboration in areas like manpower training and development, warehousing and supply chain and infrastructure support. There is an increasing acceptance among other players for the need for such kind of collaboration. The Company, with its specialised independent subsidiaries in these areas is positioned to cater to these need and create value both of
the collaborators as well as for the subsidiaries. The Company had identified the key risks and control process to mitigate the same. Further the Company continues this process of Enterprise Risk Management as a continuing process, in order to identify the new risks and to define and establish the control process to mitigate the identified risks. Further the Internal Control Framework for financial reporting, organisation structure, documented authorities & procedures and internal controls are being reviewed by internal audit team on continuous basis and any issues arising out of the said audit is addressed appropriately. The Company is continuously upgrading its internal control systems by measuring state of controls at various locations. Controls in SAP, an ERP system have been strengthened with help of review conducted by Ernst & Young. The Audit Committee, comprising independent directors is involved in regular reviewing financial and risk management policies, significant audit findings, the adequacy of internal controls and compliance with the accounting standards.
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3.2 PRODUCT MIX

1. PRODUCT Pantaloons have a wide range of product line. Pantaloon has always been perceived as an apparel-centric store. Now, they want to create separate identities for the other mix of products existing at its stores. PANTALOONS showcases FOOD
PANTALOON RETAIL INDIA LTD.
FASHION
HOME SOLUTION
WELLNESS AND BEAUTY
BOOKS AND MUSIC
Food The food format that is the FOOD BAZAAR, which includes food and beverage, stores: Brew Bar a beer bar Cafe Bollywood a national chain of eateries Chamosa a pan-Indian chain of snack counters Food Bazaar a chain of large supermarkets Sports Bar a bistro focused on the world of sports. Food bazaar Imported food products Food Bazaar that sells discounted food items from potato to pasta. (Food,2007)
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Fashion The merchandise in the store is designed and tailored keeping the Indian customer in mind. The clothes are fashionable yet conservative. The company markets fashion fewer than 50 private labels, which exclusively segment line of: WOMENS WEAR MENS WEAR KIDS WEAR (UPTO 14 YEARS) LOUNGE WEAR CLUB WEAR (FOR MEN) PARTY WEAR
FASHION
Executive trousers wear (womens wear) T-shirts and trousers (mens wear) Shorts and shirts for kids (up to 14 year) Party wear Lounge wear Club hopping, disco going (male consumers.) MENS WEAR Shirts and trousers Ethnic wear MENS brands are: Ajile
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JM Sports Rig Bre Denims F Factor Bare My Tees UMM WOMENS WEAR Western wear/casual wear Ethnic wear Sports wear WOMENS brands are: Annabelle (western office / casual wear) Srishti (ethnic wear - salwarkameez, ready-made blouse) Bare (casual wear for children / men / women). Anvil are Agile (sports wear), AFL (a budget product) Scottsville (winter wear). ALL Pantaloon launched "ALL", a format for plus size men and women. KIDS WEAR Causal wear Pantaloon in-store section is has a kids brand named Playground. Home Solutions Home Solutions Retail (India) Ltd, a part of is Indias fastest growing retailer of home improvement products. Home Solutions Retail operates numerous lifestyle and value retail formats.
Electronics Consumer durables Furniture
Among its lifestyle retail formats are eZone (high end consumer electronics specialty store) collection (luxury furniture & furnishings) HomeTown (Home Improvement store). Its value retail formats are: Electronics Bazaar (value electronics) Furniture Bazaar (value furniture) Got IT (knick knacks & useful tools). (home solutions, 2007)
Wellness & Beauty Leisure & Entertainment segment is led through, Mumbai-based listed company Galaxy Entertainment. This includes: Health Village Star &Sitara: Beauty salon Tulsi provides homeopathic medicinal products Turmeric offers beauty products like colour cosmetics, fragrances, herbal and specialty skin items, hair products and bath accessories. (Wellness and beauty,n.d)
Books & Music: Future Groups brand Depot offers Books, CDs, and stationery items
2. PRICE Pantaloons India has brought a whole new revolution when it comes to pricing strategies, which is evident through the success of its Big Bazaar and Food Bazaar outlets. Pricing strategies Pricing is strategy used by Pantaloon retail chain to attain maximum market shares. The company offers numerous schemes to attract the new customer as well as to retain the present customers. The companys schemes are categorized in following groups Value pricing This approach is used where external factors such as recession or increased competition force companies to provide 'value' products and services to retain sales. The product value will be associated with external factors. y Promotional pricing Pricing to promote a product is a very common application. The application of this done by BOGO (Buy one Get One), BTGO (Buy Two Get One Free) etc. Bundling is marketing tool sell two or more complementary product as a package with attractive price. The price is will lesser then individual selling price. Example: A Person needs one soap for a period of time But bundling with attractive price with more than 3 soaps can attract them. y Low interest rate financing Future money helps in asset purchase at 0% interest. Physiological discounting in India this approach is called as Bata rating system. Organization utilizes this approach when product has emotional value rather than rational value. Example a product is priced for 99 instead of 100.When board shows price reduction from 100 to 99, Consumer looks at 3 day Time pricing The innovative way of attract the customer is Timely pricing it is known that during holidays rate of customer is more. Reduction of profit margin with lot of advertisement will invite new customers. The company has learnt it from strategy made on public holiday 26-Feb. When the turnover of the day reached 30 cores where average is 5 cores. With such experience crowded management is essential so to divert potential customers 3Wednesday bazaar where it will offer less profit margin sales. Bundling Marketing: Technique of offering two or more complementary goods or services together as a package deal. Bundled items are sold at a price attractively lower than the total of their individual
selling prices digits to 2 digits rather than exact value.
3.PLACE
DEPARTMENTAL STORE PANTALOON PANTALOON RETAIL INDIA LTD.
HYPER MARKET BIG BAZAAR
SUPER MARKET FOOD BAZAAR
SPECIALITY STORE BREW BAR CAF BOLLYWOOD E ZONE HOME TOWN GOT IT HEALTH VILLAGE STAR SITARA TULSI DEPOT
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The company operates over 12 million square feet of retail space, 71 cities in India and 65 rural cities which would includeAndhra. It plans to take up floor space of 30 million square feet by 2011. It has plans to open over 3000 new stores by 2010. It is targeting the Tier-2 and 3 cities which has a huge unleashed potential
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4. PROMOTION
IMC
ADVERTISING
PUBLIC RELATION
SALES PROMOTION
DIRECT MAIL
PERSONAL SELLING
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ADVERTISEMENT
ELECTRONIC
PRINT
TELEVISION
RADIO
INTERNET
CATALOGUE DIRECT MAIL TELEMARKETING
MULTILEVEL
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SALES PROMOTION
LOYALITY CARDS
EXIBITION
FASHION SHOW
ADVERTISEMENTS: Hoardings: Pantaloon put its hoarding at prime locations, featuring the upcoming Fashion events or its brand ambassadors who are generally eminent celebrity. plans promotions / brand or product building schemes. The category manager identifies slow movers and also disposal plan for the same. Category manager
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NEWSPAPER PRINTS: Almost everyone reads the local, major newspapers. You can get your business in the newspaper by placing ads, writing a letter to the editor or working with a reporter to get a story written about your business. Note:- Only at the sale period and some specific seasons they gave their advertisement.
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Company
Heads
walk
the
ramp
for
the
Pantaloons
Style
Inc
Awards
Unveil Pantaloons Spring Summer Collection 2010 Mumbai, March 5, 2010: Pantaloons, India's leading fashion retailer, a part of the Future Group, today hosted the Pantaloons Style Inc Awards at High Street Phoenix, Lower Parel. This quest began when Pantaloons, in association with Afaqs, hosted the Pantaloons Style Inc. contest online to hunt for Indias most stylish corporates. The contest got an overwhelming response and created an uproar in the online space as a staggering 15,000 plus voters voted for their favourite corporate big wigs. Apart from the online voting, Pantaloons also announced a surprise set of awards for those corporate bigwigs that walked the ramp at the event. These honchos were judged by an all woman eminent celebrity jury panel. On the esteemed panel of celebrity judges for the evening were Schauna Chauhan CEO Parle Agro, ace fashion photographer Manmeet Bhatti and Dr. Anjali Mukherjee MD & Co Chairperson Dr. Anjali Mukherjees Total Health. The high profile finalists walked the ramp to compete for the Most Stylish CEO and unveiled the Pantaloons Spring Summer Collection 2010 at the awards ceremony. The show, which included models as well, showcased the new range of apparel for men and women that included bright coloured T Shirts for men, casual bottomwear like casuals trousers, cargos and shorts for men as well as Mix n Match ethnic wear for women as well as checkered tops.
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About Pantaloons Pantaloons, a part of Pantaloon Retail (I) Ltd., is among Indias largest chains of fashion stores, with 45 stores across over 24 cities. Pantaloons Fresh Fashion, with its focus on 'fresh look, feel and attitude' offers, trendy and hip collections that are in sync with the hopes and aspirations of discerning young and 'young-at-heart' consumers. Pantaloons Fresh Fashion stands out as a fashion trendsetter, on the lines of how fashion is followed internationally. This 'fresh fashion' destination allows customers to shop for the latest in fashion apparel and accessories throughout the year in an attractive and visually stimulating ambience. Pantaloons Fresh Fashion stores have presence in 24 cities across India including - Mumbai, Delhi, Noida, Gurgaon, Kolkata, Chennai, Bangalore, Pune, Ahmedabad, Hyderabad, Baroda, Lucknow, Agra, Kanpur, Indore, Mangalore, Bhubaneshwar, Siliguri, Guwahati, Rajkot & Zeerakpur. For further information please contact Mr. Atul Takle Head - Corporate Communications Pantaloon Retail (India) Limited Email: atul.takle@futuregroup.in Website: www.pantaloonretail.in Coca-Cola Indias new refresher Minute Maid Nimbu Fresh launched exclusively In Big Bazaar and Food Bazaar Minute Maid Nimbu Fresh will be available only in 96 Big Bazaar and Food Bazaar stores across top 7 cities during February 19 to February 28, 2010 Mumbai, February 22, 2010: Big Bazaar & Food Bazaar, India's largest hypermarket chain, a part of the Future Group, announced the Shubh Mahurat launch of Coca-Cola Indias new lemon-juice based drink Minute Maid Nimbu Fresh. Minute Maid Nimbu Fresh will be available exclusively at Big Bazaar & Food Bazaars 96 outlets
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across 7 cities including Mumbai, Delhi, Kolkata, Bangalore, Hyderabad, Pune and Ahmedabad till February 28, 2010. Under the Shubh Mahurat programme, Big Bazaar brings out exciting new products for its consumers every month. Prior to this they launched their in-house brands Tasty Treat Cereals and Milestone Strolley Bags and which got a great response by the consumers. With the launch of Minute Maid Nimbu Fresh, Big Bazaar becomes the one and only retail chain to exclusively launch Minute Maid Nimbu Fresh with so much of fanfare for its consumers. On the occasion Mr. Sadashiv Nayak, President, Big Bazaar said, We at Big Bazaar are constantly trying to find new ways to delight our customers with the new & quality offerings. Big Bazaars Shubh Mahurat is one of such initiatives where every month we introduce new brands across our stores and we have been very successful in doing that. This time we have partnered with CocaCola India, the most trusted company of the country, to launch Minute Maid Nimbu Fresh. We hope it brings a new thrill & refreshing experience into our customers life with the Freshness of Minute Maid Nimbu Fresh. Customers satisfaction is our ultimate goal and we are confident that like our earlier Shubh Mahurat launches, this one would also hit success. According to Mr. Sumanta Datta, Vice President Customer & Commercial leadership, Coca-Cola India, "We are happy to partner with Big Bazaar to launch Minute Maid Nimbu Fresh through the modern trade. Minute Maid Nimbu Fresh is a refreshing lemon juice-based drink developed especially for Indian consumers. This partnership presents a win-win opportunity for all as it provides Coca-Cola India the scale to refresh its consumers across the 4 metros, Hyderabad and Pune, all in one go. At the other end, this special relationship enables Big Bazaar to offer a brand like Minute Maid Nimbu Fresh to their consumers. I am confident that this entire initiative would be a big success."
Minute Maid Nimbu Fresh is a lemon juice-based drink developed especially for Indian consumers. It ismade out of great quality fresh lemon juice concentrate, providing consumers with a great refreshing experience - just like natural, home-made nimbu pani as it does not have any added preservative and added colour. The innovative consumer
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proposition of Minute Maid Nimbu Fresh especially formulated to offer a refreshing experience is best explained by the brands tagline Bilkul Ghar Jaisa (just like home). Minute Maid Nimbu Fresh will be available in two pack sizes 400 ml PET and 1 liter PET all affordably priced at Rs 15 and Rs 40 respectively. Big Bazaar would also be organizing in-store contests and product samplings for trials to give its customers the 360 degree product experience. About Big Bazaar Big Bazaar is the flagship hypermarket retail chain from Future Group, having 120 stores across the country. With its motto of 'Is se sasta aur accha kahin nahin', Big Bazaar ensures that all the products are of good quality and offered at the lowest prices. Promising 'more for less', Big Bazaar, offers 1.6-lakh mass-market product ranges that are sought by a majority of Indian consumers. It also offers a host of value-added services. The special discounts and promotional offers, which are available at regular intervals, make the format very unique and distinct. The consumer experiences a new level of standard in price, convenience, comfort, quality and store service levels. About Coca-Cola in India Coca-Cola in India refreshes millions of consumers throughout the country with an exciting range of beverages including Coca-Cola, Diet Coke, Thums Up, Fanta, Limca, Sprite, Maaza, Minute Maid Pulpy Orange, Minute Maid Nimbu Fresh, Georgia, Georgia Gold, Kinley, Kinley Club Soda and Burn through a network of more than one million outlets. The company has invested more than US$ 1 billion in its Indian operations, emerging as one of the country's top international investors and employs approximately 6,000 people in India. For further information please contact Mr. Atul Takle Head - Corporate Communications Pantaloon Retail (India) Limited
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Email: atul.takle@futuregroup.in Website: www.pantaloonretail.in

Bring anything old and get anything new at Big Bazaar's 'The Great Exchange Offer' February 20 March 21, 2010 A month long offer for its customers across the country Mumbai, February 21, 2010: Big Bazaar, India's largest hypermarket chain, a part of the Future Group, today announced the launch of 'The Great Exchange Offer', a month long event, wherein, consumers can get a great value for their old junk including newspapers, clothes, footwear, plastics, electronics, furniture, etc. The offer will start on February 21 to March 21, 2010 at all the Big Bazaar stores across India.
The value will be in the form of coupons, which can then be used by customers to get extra savings of 20-25% over & above the special offers running in-store. Big Bazaar would weigh the products and value them as per the rates mentioned and then issue the Exchange Coupons of that value. i.e. If a customer brings 5 kg of Utensils, he/she gets coupons worth Rs.375 (Utensils buying price 75/-). The customer can redeem the Rs. 375 worth of coupons on multiple occasions. Customers can avail great shopping value by exchanging any old item in any condition and shop at Big Bazaar in return. This time exchange is applicable on entire Food category (all food products) and Electronics Category (but one has to shop 8 times the value of coupon for Food, Electronics).
This offer is valid on a wide range of products at Big Bazaar such as apparel, home fashion, utensils, plastics, crockery, luggage, toys & much more. Big Bazaar will give customers coupons of unbelievable value, for their old scrap items.
Old Newspapers/ magazines / books at Rs.25 per kg Old Clothes at Rs.200 per kg Old Plastics/ Utensils/ Leather goods at Rs.75 per kg Old Footwear/ Luggage Rs.100 per kg Old Pet/ Bottles/ Tins at Rs.25 per kg Old Tyres at Rs.50 per pc Get upto Rs.10,000 in exchange of old Furniture Get upto Rs. 5,000 in exchange of old Electronics Big Bazaar will set up special kiosks outside the store, where a team will value the old scrap items received from customers and issue coupons on the spot. Besides this, Big Bazaar will also tie-up with Corporate Offices & various housing societies as they have lots of old products like old computers, stationery, printouts etc. that are waiting to be disposed off. Big Bazaar will send canters to the offices and the housing societies in various localities across the city, to collect junk items from the employees and the consumers and issue them coupons for the requisite value.
This offer is valid in all Big Bazaar stores across the country.

Pantaloon Retail posts 51 per cent increase in Net Profit for the quarter ended December 31, 09 Mumbai, January 25, 2010: Pantaloon Retail (India) Limited, part of the Future Group, declared its unaudited financial results for the quarter ended December 31, 2009 wherein the Net Profit (Rs.50.67 crore) increased by 51.1 per cent for the quarter; income from operations (Rs.1912.84 crore) increased by 25.4 per cent; and PBDIT (Rs.205.46 crore) increased by 29.4 per cent.
The Meeting of the Board of Directors was held as scheduled i.e. 25th January 2010 and the Board inter-alia approved the Unaudited Standalone Financial Results for the second
quarter ended 31st December 2009 along with the Limited Review Report of the Statutory Auditors. FOR FURTHER INFORMATION PLEASE CONTACT Mr. Atul Takle Head- corporate communications Pantaloons retail (India) limited Email: atul.takle@futuregroup.in Website: www.pantaloonretail.in
PROMOTION ON INTERNET
Home page of Pantaloon Retail (India) Limited WEBSITE PAGE
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ONLINE CATALOGUE
Winter Collection 2009
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E-ADVERTISEMENTS
Promotion through social networking websites
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ADVERTISEMENT RADIO PROMOTIONS
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3.3
Segmentation, Targeting and Positioning Pantaloons product lines
SEGMENTATION Demographics A g e: above 2 - be low 3 5 (k id s to a dults ). I n c o m e: 18,000 to 40,000. Occupation : Students, prof essionals or Private Business. Family s i z e: mostly f rom nuclear f amilies D w e l l i n g : Living in Metropolitan cities and some tier II cities. Family life cycle : dependents, singles and couples. Psychographics Co l l e g e stud ents, W ork in g prof e ss io na l s, H ouse wi ve s, m oth er s . Hobbies: Listening to music, reading books, painting, and shopping, home dcor. Social events: Get together with friends, movies, dinner out, spending time with family.
T AR G ET IN G Targeted primarily at the Indian fashion conscious urban population. The USP is primarily on offering fresh fashion at affordable prices
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Marketing THREE segments of economic status: Upper Upper middle Middle
POSITIONING Pantaloons vision has led them to be as a front runner in through multiple delivery formats, primarily catering to the lifestyle and value customers. The company aims to be the trendsetters in evolving delivery formats, creating retail realty. A pantaloon commits to be efficient, cost- conscious and committed to quality. . Pantaloon now plans to be more relevant to the younger consumers and will position itself differently in terms of identity, merchandise, and retail concept.
POSITIONING STATEMENY To the Consumer, I pantaloon Retail (India) Limited offers fresh fashion at affordable prices.
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WOMENS WEAR

Pantaloons has tie up with brands likeHolii, Rang Manch, Honey, Bare Denim, Agile, Annabelle, Rig, UMM and Bare for its women range of ethical, formal and casual. Both are in the price range suitable for middle class and above. Segment: Women above 14 years of age belonging to the social class middle class and above. With a price range of Under Rs. 1000( max. variety) Rs. 1001 Rs. 200 (moderate variety) Rs. 2000 above (min. variety)
Formal Wear: Target: It is targeted for adult students and working women. Positioning: All brands are positioned as comfortable, durable, trendy, stylish and modern.
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Casual Wear: Target: Targeted at women of all age belonging to the social class upper middle and above. Economic Status Upper middle and above Middle Brand/s Annabelle UMM, Honey, Rig and Bare denim
Positioning: Positioned as high quality, trendy, comfortable and durable, fashionable and stylish.
Ethical: Target: These are used for both household and smart independent working women and hence targeted at young and middle aged women of age group 25 45 years. Position: 1. The brands for upper middle and above are positioned as stylish, independent, comfortable and of the latest fashion and trends following. 2. The middle class brands are promoted as modern, comfortable, stylish and affordable.
MENS WEAR
Pantaloons has tie up with brands like Ajile, JM Sports, Rig, Bre Denims, F Factor, Bare, My Tees and UMM for its Mens casual, formal and sportswear. Segment: Men above 14 years of age.
Formal Wear: Target: Its main target is high school students to working executives. Economic Status Upper Upper Middle Middle Positioning: 1. All brands are positioned as comfortable and durable.
Brand/s
2. Brands for Upper middle class and above are positioned as apparel looking elegance & class, having new styles, more comfortable designs and better material.
Casual Wear: Target: Students and working executives. Economic Status Upper Upper Middle Middle and lower middle Brand/s
Positioning: 1. Brands for middle & lower middle class are promoted as comfortable, durable and good looking, trendy. 2. Brands for upper middle and upper are positioned in a fashionable and stylish way.
Sportswear: Target:
Sportswear variants doesnt have a separate target. They are used by men for both sports & style. They are targeted mainly for young adults and students who use this more for style rather than for sports.. Its variants are rather for general purpose sports utility.
Economic Status Upper middle and above Middle
Brand/s
Positioning: 1. The brands for upper middle and above are positioned as stylish, powerful, comfortable and of the latest fashion & technology. 2. The middle class brands are promoted as modern, comfortable, durable and affordable.
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3.4 PANTALOON RETAIL LTD. OBJECTIVES To facilitate the growth of industry in Haryana by fostering harmonious industrial relations. To ensure social justice with productivity and growth of industry. To promote industrial health and safety To implement labour laws for ensuring proper working conditions and labour standards. To introduce new labour welfare measures for enhancing the quality of life of the work force. To create ever-improving conditions for women workers by following policies, which take into account their special needs at the workplace. To eliminate employment of all forms of child labour through identification and rehabilitation. To energise Vigilance Committees at District and Sub Division level for identification, release and rehabilitation of Bonded Labour. To provide and improve quality health care to workers through the ESI run hospitals and ensure their future security through implementing the Employees Provident Fund Scheme. To strengthen the conciliation machinery towards achieving the objectives of a harmonious worker- management relationship, keeping in view the changing economic scenario. To continuously strengthen and facilitate the functioning of the Labour Courts, in cases where conciliation has failed. To train and retrain its employees and officers so that they are better equipped to perform their duties. To work in a transparent and time bound manner in dealing with approvals required under various labour laws. To work towards creating an atmosphere wherein both workers and management perform their legally laid down roles, which will, in turn, contribute to the economic growth of the State.
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SETTLEMENT OF DISPUTES Trade Unions and Managements will be encouraged, through systematic intervention by the Labour Department, to set up in-house dispute resolution mechanisms in order to defuse disagreements in the initial stages by dealing with them on a day-to-day basis. Outsiders and non-workers, who are not covered under the requisite laws, will not be allowed to associate themselves in the functioning of the Trade Unions and to take part in conciliation proceedings. The performance of the Labour Department Officers dealing with the conciliation work will be adjudged on the basis of percentage of settlements brought about in order to speed up the process of dispute resolution. It will be the endeavour of the Department to have maximum percentage of disputes settled in the early stages, in order to avoid burdening the Labour Courts. However, functioning of the Labour Courts will be facilitated by the Government for speedy disposal of cases. For this purpose, the Government has decided to set up two additional Labour Courts one each at Gurgaon and Faridabad, apart from the existing seven Labour Courts. MINIMUM WAGES The minimum wage of industrial workers in Haryana is one of the highest in the country. At present, the minimum wage of unskilled workers has been fixed at Rs. 3510/- per month and Rs.135/- per day. The Government will continue to review and increase these wages from time to time on the basis of tripartite consultations. LABOUR WELFARE Besides ensuring the enforcement of welfare provisions of the labour legislations by the department, welfare schemes for industrial workers such as kanyadan, ex-gratia help to widows, monetary grants for workers injured in industrial accidents, Scholarships and financial help for worker's children for pursuing higher studies etc. are presently being implemented. The Government intends to ensure coverage of a wider section of workers under various welfare schemes and also enhancement in the existing assistance
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being provided to workers. New schemes will also be introduced for the welfare of the workers. Alist of welfare schemes of the LabourWelfare Board is given in theAppendix. CONCESSIONS TO INFORMATION TECHNOLOGY/ INFORMATION TECHNOLOGYENABLEDSERVICES INDUSTRIES. In order to encourage Information Technology/Information Technology EnabledServices and Industry, malls, the Government has adopted a liberal policy in granting exemption from the operation of the provisions of Punjab Shops and Commercial Establishment Act, 1958, regarding opening and closing hours under Section 9 and 10 of the Act. A notification has already been issued in this regard on 18th November 2005, exempting all the Information Technology and Information Technology Enabled services industries from the provisions of Section 9 and 10 of the Act. The Information Technology/Information Technology Enabled Services industry has also been added to the First Schedule of the Industrial Disputes Act, 1947 for the purpose of declaring this industry as a Public Utility Service, which will prevent the occurrence of strikes as well as lockouts without due notice. This will go a long way in preventing industrial unrest in this industry. The Government has also taken a policy decision to allow the employment of women workers during night shifts in this sector to encourage employment of women while ensuring sufficient protection of their rights. This permission is initially granted for one year, and on request, it can be renewed for a period of three years at a time. The permission is granted on the following conditions: i. The management will provide adequate security and proper transport facility to the women workers during night shift. ii. The management shall ensure protection of women from sexual harassment at the work place in terms of the directions of the Hon'ble Supreme Court in this regard.
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UPGRADATION OF DEPARTMENTAL FUNCTIONING Training programmes will be formulated and organized for the officers of the Labor. Department in collaboration with the industries and the Haryana State Safety Council in order to upgrade their professional skills and bring about attitudinal changes in line with national and global developments. The technical skills of the staff dealing with industrial health and safety will also be upgraded through in-service training programme. An upgraded system of work audit of the field offices of the department will be developed and introduced to continuously supervise the implementation of various aspects of the Labor Policy and also undertake the required adjustment, which might become necessary in future. This will include the introduction of appropriate parameters in the self-assessment performs at various levels for assessing work performance. The powers delegated to Deputy Labor Commissioners and Labor Officers under Various Acts will be rationalized for speedier disposal of work. The departmental offices will be upgraded and work of computerization will be speeded up in order to bring in greater transparency and connectivity. Transportation and communication facilities for departmental officers will be upgraded to facilitate mobility and speedier disposal of work. TIME SCHEDULE FOR DISPOSAL OF WORK To ensure timely justice to the workers and employers the time schedule for disposal of cases under various labor laws shall be as follows: Schedule of maximum time for disposal of cases under various labor laws in the field offices in their respective jurisdiction.
LABOUR INSPECTORS Sr. No. Subject matter Officer/Official Time schedule 1. Registration of Shops/ Labor Inspector Not more than Commercial Establishments fifteen days from the under the Punjab Shops & date of receipt of the Commercial Establishments papers complete Act and Rules made in all respects. 2. Implementation of awards/ Labor Inspector Not more than two settlements under the months after the Industrial Disputes Act, date of enforcement1947 and Rules of the award. 3. Disposal of complaints under Labor Inspector Not more than various labor laws i.e. one month. Payment of Wages Act, Minimum Wages Act, National and Festival Holidays Act, Payment of Gratuity Act, Payment of Bonus Act.
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3.5 HUMAN RESOURCES Human resources is a term used to describe the individuals who comprise the workforce of an organization, although it is also applied in labor economics to, for example, business sectors or even whole nations. Human resources is also the name of the function within an organization charged with the overall responsibility for implementing strategies and policies relating to the management of individuals (i.e. the human resources). This function title is often abbreviated to the initials 'HR'. Human resources is a relatively modern management term, coined in the 1960s.The origins of the function arose in organizations that introduced 'welfare management' practices and also in those that adopted the principles of 'scientific management'. From these terms emerged a largely administrative management activity, co-ordinating a range of worker related processes and becoming known, in time as the 'personnel function'. Human resources progressively became the more usual name for this function, in the first instance in the United States as well as multinational corporations, reflecting the adoption of a more quantitative as well as strategic approach to workforce management, demanded by corporate management and the greater competitiveness for limited and highly skilled workers.
Key functions Human Resources may set strategies and develop policies, standards, systems, and processes that implement these strategies in a whole range of areas. The following are typical of a wide range of organizations: 1. Recruitment and selection (resourcing) 2. Organizational design and development 3. Business transformation and change management 4. Performance, conduct and behavior management 5. Industrial and employee relations 6. Human resources (workforce) analysis and workforce personnel data management 7. Compensation, rewards, and benefits management 8. Training and development (learning management)
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Implementation of such policies, processes or standards may be directly managed by the HR function itself, or the function may indirectly supervise the implementation of such activities by managers, other business functions or via third-party external partner organizations.
3.5.1 Code of Conduct for Directors and Senior Management (Band 5 Employees) Applicability of the Code: This code is applicable to the Board of Directors and senior management employees of the Company i.e. Band 5 employees (hereinafter referred to as Specified Persons). This code is applicable to the executive and non- executive directors to the extent of their role and responsibilities in the organization. This code has to be complied both in letter and spirit by specified persons. Any violation / suspected violation of the code has to be promptly communicated to the compliance officer of the Company which would be taken up in the meetings of the Audit Committee /Board of Directors. Our progress as a nation can be no swifter than our progress in education. The human mind is our fundamental resource. 1. HONEST, INTEGRITY, DUE CARE AND DILIGENCE: Directors and senior management staff ( here in after referred to as specified persons) of Pantaloon Retail (India) Limited (hereinafter referred to as Company) shall conduct their activities, on behalf of the Company in the best interests of the Company with honest , integrity and fairness. Due care and diligence shall be exercised by them in performing their duties of office and powers attached to their office. 2. COMPLIANCE WITH LAWS, RULES AND REGULATIONS Specified Persons of the Company are required to conduct their business and affairs in full compliance with applicable laws, rules and regulations in letter as well as spirit and shall encourage and promote such behavior for themselves, officers and employees across the organization.
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3. CONFLICT OF INTEREST: Specified Persons of the Company shall ensure that their personal interests doesnt conflict with the interests of the Company/ the group 4. PROTECTION AND PROPER USE OF COMPANYS ASSETS Specified Persons must protect the Companys assets, labor & information and may not use these for personal use, unless approved by the appropriate authority.
5. CORPORATE OPPORTUNITIES Specified Persons may not exploit for their own personal gain opportunities that are discovered through the use of Companys property , information or position unless such opportunity is disclosed to the Board of Directors / Committee of Directors in writing and the Board / Committee of Directors declines to pursue such opportunity. 6. COMPETITIONS AND FAIR DEALING Specified Persons should not take unfair advantage of anyone through manipulation, concealment, misrepresentation of material facts or any other unfair trade practices. Specified Persons should ensure dealings with stakeholders are done in a fair manner. 7. INSIDER TRADING: Specified Persons shall not derive benefit or assist others to derive benefit by giving investment advice from the access to and possession of any price sensitive information, not in public domain. Specified Persons will comply with SEBI (Prohibition of Insider Trading) Regulations, 1992 & the code of conduct of prevention of insider trading of the Company. 8. INTELLECTUAL PROPERTY RIGHTS Intellectual property rights are an important area for the success of the Company. Specified person should ensure that intellectual property rights of the Company viz trademarks, copyrights, patents etc are duly protected through registration of the same with concerned statutory authorities to prevent any misuse of the same by others. 9. CONFIDENTIALITY OF INFORMATION
Specified Persons should ensure confidentiality of information they receive and is disclosed if authorized by the Company or the person from whom the information is provided or required by law. 10. HEALTH & SAFETY The business of the Company shall be carried on in a congenial environment whereby adequate health and adequate safety measures are taken in the workplace of the employees. Specified persons shall ensure that due compliance of all laws and regulations pertaining to health and safety measures are done on a continuous basis. 11. PERIODICREVIEW: This code is subject to periodic review by the audit committee and the Board of Directors. The specified persons shall make a confirmation to the compliance officer of the company within 15 days from the date of closure of the financial year in the format specified in the annexure to this code. 3.5.2 FUTURE GROUP MANIFESTO Future the word which signifies optimism, growth, achievement, strength, beauty, rewards and perfection. Future encourages us to explore areas yet unexplored, write rules yet unwritten; create new opportunities and new successes. To strive for a glorious future brings to us our strength, our ability to learn, unlearn and re-learn, our ability to evolve. Rewrite Rules. Retain Values.
GROUP VISION Future Group shall deliver Everything, Everywhere, Everytime for Every Indian Consumer in the most profitable manner.
GROUP MISSION
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We share the vision and belief that our customers and stakeholders shall be served only by creating and executing future scenarios in the consumption space leading to economic development. We will be the trendsetters in evolving delivery formats, creating retail realty, making consumption affordable for all customer segments for classes and for masses. We shall infuse Indian brands with confidence and renewed ambition. We shall be efficient, cost- conscious and committed to quality in whatever we do. We shall ensure that our positive attitude, sincerity, humility and united determination shall be the driving force to make us successful.
COMPANYS CORE VALUES

Indianness: confidence in ourselves. Leadership: to be a leader, both in thought and business. Respect & Humility: to respect every individual and be humble in our conduct. Introspection: leading to purposeful thinking. Openness: to be open and receptive to new ideas, knowledge and information.
Valuing and Nurturing Relationships: to build long term relationships. Simplicity & Positivity: Simplicity and positivity in our thought, business and action. Adaptability: to be flexible and adaptable, to meet challenges. Flow: to respect and understand the universal laws of nature.
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3.5.3 PERFORMANCE APPRAISAL A performance appraisal, employee appraisal, performance review, or (career) development discussion is a method by which the job performance of an employee is evaluated (generally in terms of quality, quantity, cost, and time) typically by the corresponding manager or supervisor. A performance appraisal is a part of guiding and managing career development. It is the process of obtaining, analyzing, and recording information about the relative worth of an employee to the organization. Aims Generally, the aims of a performance appraisal are to: Give employees feedback on performance Identify employee training needs Document criteria used to allocate organizational rewards Form a basis for personnel decisions: salary increases, promotions, disciplinary actions, bonuses, etc. Provide the opportunity for organizational diagnosis and development Facilitate communication between employee and administration
Validate selection techniques and human resource policies to meet federal Equal Employment Opportunity requirements. The organizations Compensation philosophy is 'Pay for Performance, promote for potential' and is Designed to meet the following key objectives: 1. Attract and Retail Qualified Employees 2. Externally Competitive 3. Performance based pay 4. Internally Equitable 5. Legal Compliance Our compensation policy is performance based and we believe it is competitive with industry standards in India. Our compensation packages are adjusted annually based on industry salary correction, compensation surveys and individual performance. From time to time employees
who have met or exceeded performance standards are awarded bonuses. Our employees post retirement benefits include a provident fund and a gratuity. The relevant statutory authorities have approved both the provident fund and the Gratuity. We have set up a "Pantaloon Foundation"-an employee welfare fund with effect from August 2004. The fund provides financial assistance in all cases wherein the employee seeks the Company's financial support in medical emergency for him/herself or their families. The contribution to the fund is voluntary.
Employee Insurance We provide all our employees with group life insurance. We also provide medical insurance coverage for employees who are not covered under ESIC (Employee State Insurance Corporation) benefit which includes hospitalization benefits.
'Prerna' We strive to foster a feeling of well-being in our employees through care and respect, we have several structured processes including employee mentoring and grievance management programmes which are intended to facilitate a friendly and cohesive organisation culture. Off-site activities are encouraged to improve inter-personal relationship. We also acknowledge the efforts exerted by our employees by organisation an annual celebration called 'Pantaloon Day' where we recognize employees who have shown exceptional talent, sincerity and dedication. We have implemented an employee suggestion programme called 'Prerna' wherein the employee can give their suggestions. Every quarter the best suggestions received per zone per format is awarded prize called "Golden Cap. The human mind is our fundamental resource.
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3.5.4 VACANCIES For Human Resources EXECUTIVE SECRETARY Experience required: 2-6years Educational Qualification Required: Any Graduate Professional Qualification Required: Diploma in Secretarial Practice
Job Profile
Should have Excellent written and oral communication skills. Hands on experience in MS - Excel, MS - Word, MS - PowerPoint. Confident, self--motivated with a pleasing personality. Excellent co-ordination skills and capable of working under pressure. Should be able to deal with very Senior Management. Responsible for routine secretarial job such as organizing meetings, prepare meeting schedules, maintain and update HOD meeting schedules. Preparation of power point presentations. Maintaining and updating files and keeping the track record of complete data while maintaining confidentiality of the data. Maintaining MIS.
VALUE FASHION- EXECUTIVE Experience Required: 2 - 4 years Educational Qualification Required: Any Graduate Professional Qualification Required: Preferred M.B.A. Area of Work: Media Marketing You will be responsible for Advertising, Media and Marketing activities for PFOs all over india, Visual Merchandising for Factory outlets.
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Job Profile Planning Marketing Activates for PFO's. Preparing Advertising Schedule for PFO's. Organising PR activities as part of promotion for PFO's. Strategy Planning and support effective execution of Strategy. Designing Advertisements, Banners, POPs and other creative for PFO's. Co-ordination of Media and Media Agency. Co-ordination of Printing jobs for PFOs. Co-ordination with regional VMs and stores. Co-ordination with Marketing Dept. Co-ordination with Vendors and Accounts Dept. for payment clearance.
VISUAL MERCHANDISING EXECUTIVE/ASSISTANT MANAGER Experience Required: 2 - 6 years Educational Qualification Required: Diploma in Interior Designing/B.Arch (preferably from NIFT) Area of Work: Visual Merchandising Will be responsible for visualizing and executing all current store and promotion requirements for all formats (Mela, Depot & Wellnes). To create the ideations for new seasons, promotions by implementing designing elements for the every newly launched products in the store to give the look and increase the sale. To develop in store display plan of the merchandise collection wise/season wise/ theme wise across all over India studios.
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To coordinate with different departments such as Buying & merchandising, store planning team, designers, operations, marketing team to develop the in store displays merchandise presentation, maintain the floor layouts as per plan.
Sketching designs. Developing floor plans.
CORPORATE ACCOUNTS ACCOUNTS EXECUTIVE Experience Required: 3 - 4 years experience in Payroll & Accounts Educational Qualification Required: B.com / M.com Area of Work: Payroll & Accounts Will be responsible for Commercial concurrence, Co-ordination with payroll Outsource agency / zonal office / HR for salary payments,Monthly Reimbursements, Employee Advances. Coordination with employees for salary related issues, Employee travel, Employee Hardfurnishing payments and reconcilation of statutory / employee deductions, such as pantaloon foundation, superannuation and trust related work.
WELLNESS ASSISTANT MANAGER / DEPUTY MANAGER Experience Required: 4 - 6 Yrs (min 2 years in Retail) Educational Qualification Required: B.Com Professional Qualification Required: C.A. Area of Work: Accounts You will responsible for Accounts Payable, Account Receivable, Bank Reconciliation, Preparation of Cash Flow - Monthly & Yearly. Monthly Commercial MIS for LOB. Preparations of Profit &Loss Account & Balance Sheet for Standalone Stores-Monthly &
Yearly, Inventory Audit, Verification of Vendor Registration Form for Margin and Compliance of company Rules & policies, preparation of Annual Plan for LOB.
PROJECT MANAGER Experience Required: Above 8 years ( At least 2 years as a Project Manager ) Educational Qualification Required: MCA /B.E./B.Tech/M.Tech Area of Work: IT Exposure to Web Application Development in agil environment. Excellent Exposure on Project Methodologies & Software Processes. Should have sound understanding of Software Engineering. Need to have at least 1 full life cycle implementation project experience Internet Application ( Pref. E-Commerce Applications). Sound Knowledge on JAVA Technology ( EJB / XML / ) PMI Certification would be an added advantage.
HEAD OFFICE - INTERNAL AUDIT & RISK MANAGEMENT DEPARTMENT AUDITOR Experience Required: 2 - 6 years Professional Qualification Required: C.A. Area of Work: Accounts Review of business performance & corporate services: Performance review of various businesses from commercial angle viz. Cost, tax, returns etc., analysis & resolution of specific issues arising in any functional area. Management of Internal Audit function. Bringing effectiveness & quality of Internal audit system through meetings & discussions with auditors and auditees, formulation of Standard Operating Procedures for various functions & ensuring compliance. Preparation of presentation for the Audit Committee on the contribution of internal audit. Co-ordination with Statutory Auditor, Internal Auditor.
H.O. based audits like audit of credit notes, compliance audits, revenue & major expenses audits, follow up for compliance for reports issued, summarizing points for audit committee meeting etc. Interim Audit, Statutory Audit, Finalisation of accounts.
HEAD OFFICE - BUSINESS DESIGN BUSINESS ANALYST - EXECUTIVE / SR. EXECUTIVE BUSINESS ARCHITECT / SR. BUSINESS ARCHITECT Experience Required: 1 year for Business Analyst, 3 years for Business Architect and 5 Years for Sr. Business Architect Educational Qualification Required: Any Graduate Professional Qualification Required: M.B.A. Area of Work: It should be able to do functional consultancy in the fields of Online retailing, Merchandising, Finance, HR, IT-Operations, Logistics. Experienced in business and technology consultancy - at least 1 year for business analysis, 4 years for Business Architect, 6 years for Senior Business Architect and 10 Years for Principle Business Architect, including the practice of designing business processes and the use of a business modelling tool (example tools: ARIS, Rational, Visio, etc.). Maintain change in documentation. Work with the business to capture, analyse, shape and deliver processes that are better, simpler, traceable, and consistent across the enterprise. The role is to act as a "Consultant" to the business, and facilitate the development of business requirements for logical solutions. PlanBuy-Make-Move-Sell-Service-Support. Ensure consistency in the documentation of "AS IS" and "TO BE" business direction, structure, design principles, processes, RACI, SOPs, and requirements. Team lead, in the diagnosis of issues, analysis of metrics, simulation of processes, identifying root causes, and providing clarity on impacts of change. Team lead, in the identification and structure of insights and opportunities from the analysis. Schedule and facilitate workshops with clients - business and technology. Liaise with stakeholders to design the "TO BE". Help gain sign-offs from the business on "AS IS" and "TO BE" documents. Facilitate the development of business requirements for logical solutions.
Interface with Technology teams to ensure traceability of logical solutions to requirements, and processes. Liaise with stakeholders to help plan and prioritise change. Liaise with stakeholders to design the "TO BE".
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3.5.5 LABOR WAGES
DELHI Rates of minimum wages payable in Garment industries: Categories of workers Unskilled Semi-skilled Skilled Basic min. wages 151.31 157.69 167.62 V.D.A 0.73 0.73 0.73 Total min. wages 152 158 168

Rates of minimum wages payable in retail showrooms: Categories of workers Unskilled Semi-skilled Skilled

Basic min. wages 151.31 157.69 167.62
V.D.A 0.73 0.73 0.73
Total min. wages 152 158 168
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HARYANA Rates of minimum wages payable in Garment Industries:
Categories of workers Unskilled Semi-skilled A Semi-skilled B Skilled A Skilled B Highly Skilled
In rupees per day 151 156 161 166 171
176
Rates of minimum wages payable in Retail showrooms: Categories of workers Unskilled Semi-skilled A Semi-skilled B Skilled A Skilled B Highly skilled In rupees per day 151 156 161 166 171 176
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UTTAR PRADESH Rates of minimum wages payable in Garment industries: Categories of workers Unskilled Semi-skilled Skilled Basic min. wages 100 114 126.54 V.D.A 29.69 33.85 37.57 Total min. wages 129.69 147.85
Rates of minimum wages payable in Retail showrooms: Categories of workers Unskilled Semi-skilled Skilled Basic min. wages 100 114 126.54 V.D.A 29.69 33.85 37.57 Total min. wages 129.69 147.85
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3.5.6 AWARDS AND RECOGNITION
2009
CNBC AWAAZ CONSUMER AWARDS 2009

Most Preferred Multi Product Chain - Big Bazaar Most Preferred Multi Brand Food & Beverage Chain - Big Bazaar
IMAGES FASHION FORUM 2009

Most Admired Fashion Group Of The Year - Future Group Most Admired Private Label - Pantaloons, the lifestyle format Critics Choice For Pioneering Effort In Retail Concept Creation - Central
COCA-COLA GOLDEN SPOON AWARDS 2009

Most Admired Food & Grocery Retailer Of The Year Most Admired Food Court Most Admired Food Professional
2008 INDIAN RETAIL FORUM AWARDS 2008

Most Admired Retail Company of the year - Future Group Retail Face of the Year - Kishore Biyani Best Retailer Of The Year ( Hypermarket) - Big Bazaar
THE INDIASTAR AWARD 2008
Food Bazaar: Best Packaging Innovation
RETAIL ASIA PACIFIC 500 TOP AWARDS 2008
Gold Winner - Top Retailer 2008 Asia Pacific

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COCA-COLA GOLDEN SPOON AWARDS 2008

Most Admired Food & Grocery Retail Visionary of the Year: Kishore Biyani Most Admired Food & Grocery Retailer of the Year Supermarkets: Food Bazaar Most Admired Food & Grocery Retailer of the Year - Hypermarkets: Big Bazaar Most Admired Retailer of the Year - Dynamic Growth in Network Expansion across Food, Beverages & Grocery: Future Group Most Admired Food & Grocery Retailer of the Year - Consumer's Choice: Big Bazaar
THE REID & TAYLOR AWARDS FOR RETAIL EXCELLENCE 2008

Retail Leadership Award: Kishore Biyani Retail Best Employer of the Year: Future Group Retailer of The Year: Home Products and Office Improvements: HomeTown
And many more awards in the past years like: image retail awards, world retail congress awards, Asia money awards, images retail awards.etc.
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3.5.7 PRIVACY POLICY Pantaloon Retail (India) Limited (Pantaloon) respects your privacy. Consistent with our commitment to providing you satisfying and helpful information about us, we have found that collecting Personal Information (defined below) through www.pantaloonretail.in (the "Site") and our stores, including but not limited to Pantaloons stores, Big Bazaar Stores, Food Bazaar stores, aLL stores, Fashion Station Stores and Pantaloon Factory Outlets (referred to in this Privacy Policy as the "Stores"), helps us better understand the products and services most helpful to you. Our Privacy Policy describes the types of information we gather online and in our Stores and how we use this information. Please read this information carefully. By accessing the Site and shopping in our Stores, you agree to be bound by the Privacy Policy. This Privacy Policy may be updated from time to time. Accordingly, you should check the date of this Policy (which appears at the top of this page) and review any changes since the last version. If at any time you do not agree to the terms of this Privacy Policy, please do not use this Site and refrain from purchasing from us.
Use of Information Collected by Users Pantaloon may collect two types of information about users: "Personal Information" (such as name, email address, mailing address, phone number, credit card number and the items you purchase) and "Aggregate Information" (such as information about how many users log on to our Site on a daily basis or frequency of customer visits to Pantaloon Stores). We use customer information in an effort to improve your shopping experience and to communicate with you about our products, services, promotions and contests. We may also use this information to make offers to you, to help us target specific products and services to you, and to help us develop and improve our Site and Stores and tailor our Site and Stores to your interests. Personal Information Collected Online by www.pantaloonretail.in and at Our Stores Personal Information is collected online by us or our service providers (e.g., such as MindViz Tracker) on our behalf when users voluntarily register with www.pantaloonretail.in. We may receive personal usage and demographic information from our Stores and from third parties we work with including, for example, www.futurebazaar.com.
In our Stores, Personal Information is collected from you in a number of ways, including the following: When you purchase products from our Stores, we may collect your name, address, email address, telephone number(s) and credit card information (with the expiration date). In addition, we collect transaction information related to your purchase (such as what you bought, the price you paid, the payment method you used and if the product was on sale). When you apply for a credit card account through our Stores, we may also collect income, employment information and credit information, such as credit cards owned by you, in addition to identifying information, such as your name, address, telephone number(s), email address(es), income and employment status. When you fill out a tailoring order or instruct us to mail product to another location, we may collect your name, address, email address, telephone number and credit card information. When you fill out any in-store promotional surveys, we may gather certain Personal Information, such as your opinions on specific products and/or services, in addition to identifying information, such as your name, address, telephone number(s), email address(es), income and employment status.
Aggregate Information Collected Online by www.pantaloonretail.in and at Our Stores. Aggregate Information is non-personally identifiable/anonymous information about you, such as age, gender, types of products purchased, frequency of Store visits, Site pages you access most frequently or search terms you enter. Aggregate Information is used in a collective manner, and no single person can be identified by that compiled information. For example, the number of people who shopped at www.pantaloonretail.in during a specific time period or the number of people who shopped at our Stores who are 25 years of age is Aggregate Information that does not personally identify a specific user. Both www. pantaloon.com and our Stores collect Aggregate Information.
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Sharing Information with Third Parties www.pantaloonretail.in does not share, sell or trade with third parties your Personal Information gathered online, such as email addresses, Personal Information collected as part of an online survey or other specific details about you, except with your consent or as described in this Privacy Policy. www.pantaloonretail.in does not contribute to or participate in cooperative databases, which give other companies access to such Personal Information. The Personal Information and Aggregate Information collected at our Stores may be shared with www.pantaloonretail.in as well as reputable third-party organizations to contact consumers for marketing and promotional purposes. Third party contacts to our customers may be initiated only by postal mail. Except as described in this Privacy Policy, our Stores will not share your telephone number or e-mail address. In addition, in the event that you apply for a credit card account, our Stores may share the Personal Information we have collected with credit card companies and credit agencies. www.pantaloonretail.in and our Stores may divulge Personal Information if such action is required for Pantaloon or any of our service providers or consultants to comply with any valid legal process, such as a subpoena, search warrant, statute or court order, or any valid administrative request from a law enforcement agency. In addition, we may divulge Personal Information if we or any of our service providers or consultants believes that such disclosure is necessary to address any unlawful acts or acts that may endanger the health or safety of another customer or of the general public.
Service Providers We may share Personal Information and Aggregate Information with our service providers, consultants and affiliates for our internal business purposes. For example, we use the services of MindViz Tracker to help us measure the effectiveness of our advertising and how visitors use our Site. MindViz Tracker privacy policy is located at http://www.mvtracker.com. To utilize MindViz Tracker services, www.pantaloonretail.in uses web beacons (also called pixel tags or clear GIFs) and cookies, which are defined below and provided by MindViz Tracker on our Site. The type of information we collect includes products viewed and/or purchased, your location (state/zip code if you placed an order) and
the Internet Protocol (IP) address of your computer. An IP address is a number that is automatically assigned to your computer whenever you surf the Web. The computers, which deliver the Web pages to you, automatically identify your computer by its IP address. When you request a page from our Site, our servers log your IP address. By supplementing our records, this information helps us learn things like what pages are most attractive to our visitors, which of our products most interest our customers, and what kinds of offers our customers like to see. Although MindViz Tracker logs the information coming from the Site on our behalf, www.pantaloonretail.in controls how that data may and may not be used.
Links to Other Sites www.pantaloonretail.in may contain links to sites other than our own. Those sites may have their own privacy policy, or no privacy policy at all. Neither we nor any of our service providers have any responsibility for those sites, and we provide these links solely for the convenience of our visitors. Such links may be to advertisers, content providers or other companies who may use our logo and/or style as a result of a co-branding agreement. These sites may send their own cookies to you and may collect information and use it in a way inconsistent with this Privacy Policy. We encourage you to review the privacy policies and terms of use of any third-party sites or services before providing any of them with any of your Personal Information. Neither Pantaloon nor any of our service providers control the content that appears on these sites or take any responsibility for their content, nor should it be implied that www.pantaloonretail.in endorses or otherwise recommends such sites or their products or services offered.
Personal Information Collected By Pantaloon and Correction Requests You can ask us by mail for a summary of any Personal Information that www.pantaloonretail.in or the Pantaloon Stores have retained about you. Please address your request to (MENTION DESIGNATION OF THE CONCERNED PERSON AND OFFICE ADDRESS). We will send such information for review only to the email address or mail address that we have on file for the visitor name that is associated in our database for such information.
If at any time you wish to change, correct or update your Personal Information, please send your request to (MENTION DESIGNATION OF THE CONCERNED PERSON AND OFFICE ADDRESS). Please be sure to include your email address, full name and postal address.
Additional Information No transmission of data over the internet is guaranteed to be completely secure. It may be possible for third parties not under the control of www.pantaloonretail.in to intercept or access transmissions or private communications unlawfully. While we strive to protect your Personal Information, neither www.pantaloonretail.in nor any of our service providers can ensure or warrant the security of any information you transmit to us over the internet. Any such transmission is done at your own risk.
Terms of Use Please carefully read the following Terms of Use before using the www.pantaloonretail.in Web site (the "Site"). By accessing this Site, you agree to be bound by these Terms of Use. These Terms of Use may be updated from time to time. Accordingly, you should check the date of the Terms of Use (which appear at the end of this document) and review any changes since the last version. If at any time you do not agree to these Terms of Use, please do not use this Site.
Copyright All content included in the Site, such as text, graphics, logos, button icons, images, audio clips and software, is the property of www.pantaloonretail.in or its content suppliers and protected by Indian copyright laws. The compilation (meaning the collection, arrangement and assembly) of all content on the Site is the exclusive property of www.pantaloonretail.in and protected by Indian copyright laws. All software used on the Site is the property of www.pantaloonretail.in or its software suppliers and protected by Indian copyright laws. Permission is granted to electronically copy and print hard copy portions of the Site for the
sole purpose of placing an order on the Site or using the Site as a shopping resource. Any other use, including the reproduction, modification, distribution, transmission, republication, display or performance, of the content of the Site is strictly prohibited.
Trademarks All trademarks, logos, service marks and trade names are proprietary to
www.pantaloonretail.in, Pantaloon Retail (India) Limited or other respective owners that have granted the Site the right and license to use such intellectual property. Registration, Accounts and Passwords If you register and create an account on the Site you agree to be responsible for: (i) maintaining the confidentiality of passwords or other account identifiers which you choose, and (ii) all activities that occur under such password or account identifiers. You agree to notify www.pantaloonretail.in of: (i) any loss of your password or other account identifiers and (ii) any unauthorized use of your password or other account identifiers. www.pantaloonretail.in shall not be responsible or liable, directly or indirectly, in any way for any loss or damage of any kind incurred as a result of, or in connection with, your failure to comply with this section of the Terms of Use.
Disclaimer The information, services, products offered for sale and materials contained in and/or advertised on the Site, including, without limitation, text, graphics and links, are provided on an "As Is" basis with no warranty. TO THE MAXIMUM EXTENT PERMITTED BY LAW, PANTALOON AND ITS SUPPLIERS DISCLAIM ALL REPRESENTATIONS AND WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO SUCH INFORMATION, SERVICES, PRODUCTS AND MATERIALS, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, FREEDOM FROM COMPUTER VIRUS AND IMPLIED WARRANTIES ARISING FROM COURSE OF DEALING OR COURSE OF PERFORMANCE. In addition, www.pantaloonretail.in and its suppliers do not represent
or warrant that the information accessible via the Site is accurate, complete or current. We are not responsible for typographical errors. Price and availability information is subject to change without notice.
Links to Other Web sites and Services This Site may contain links to Web sites other than our own. www.pantaloonretail.in does not assume any responsibility for those sites and provides those links solely for the convenience of our visitors. www.pantaloonretail.in does not control the content of these sites and takes no responsibility for their content, nor should it be implied that www.pantaloonretail.in endorses or otherwise recommends such sites or the products or services offered.
Limitation on Liability IN NO EVENT SHALL PANTALOON OR ANY OF ITS AFFILIATED ENTITIES OR SUPPLIERS BE LIABLE FOR ANY INDIRECT, SPECIAL, PUNITIVE, INCIDENTAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, EVEN IF PANTALOON HAS BEEN PREVIOUSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN AN ACTION, UNDER CONTRACT, NEGLIGENCE OR ANY OTHER THEORY, ARISING OUT OF OR IN CONNECTION WITH THE USE, INABILITY TO USE OR PERFORMANCE MATERIALS OF THE INFORMATION, FROM THE SITE. SERVICES, These PRODUCTS shall AND apply AVAILABLE limitations
notwithstanding any failure of essential purpose or the existence of any limited remedy. Because some jurisdictions do not allow limitations on how long an implied warranty lasts, or the exclusion or limitation of liability for consequential or incidental damages, the above limitations may not apply to you.
Applicable Law The laws of India will govern these Terms of Use without giving effect to any principles of conflict of law.
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PRODUCTS PROFILE
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The company is present across several lines of business which have various formats (stores) lywood, The Dollar Store (JV)
Fashion - Pantaloons, Central, aLL, Brand Factory, Blue Sky, Top 10, Fashion Station, Big Bazaar, Lee Cooper (JV) General Merchandise - Big Bazaar, Shoe Factory, Navras, Electronics Bazaar, Furniture Bazaar, KB'S FAIR PRICE Electronics - eZone, Electronic Bazzaar, STAPLES (JV) Home Improvement - Home Town Furniture - Collection i, Furniture Bazaar, Home Bazaar E-tailing (Online Shopping) - www.futurebazaar.com Books & Music - Depot Leisure & Entertainment - Bowling Co., F123 Wellness - Star & Sitara, Tulsi Telecom & IT - Gen M, M Bazaar, M-Port, ConvergeM, Future Axiom Consumer Durables - Koryo, Sensei, IPAQ Service - E Care, H Care , Design & Service Malls - Central (Bangalore, Hyderabad, Pune, Mumbai, Vadodara, Gurgaon, Indore, Ahmedabad) Investment & Savings - Insurance: ULIP, Pension, Endowment etc.
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Pantaloons Retail Formats: Food E-tailing operates site futurebazaar.com Home and electronics Telecom and IT General merchandise Leisure and entertainment Wellness and beauty Books and music
Food Format Include Stores: Brew bar Caf boll wood Chamosa Food bazaar Sports bar
Home And Electronics Format Include Stores That Supply: Lifestyle furniture Home furniture
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Consumer durables and electronics Mechanical tools and drill machines Other home furnishings products
Telecom and IT Format Offers Gadgets, Gizmos And Tech Junkies That Includes: Mobile phones Accessories Download kiosks Airtime recharges Digital cameras Car phone accessories Cellular handsets Personal gadgets
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General Merchandise Retail Format Include Stores That Offers: For Men, Women and Kids Casual wear Ethnic wear Formal wear Party wear Sports wear Sunglasses Eyewear Watches Innerwear Fragrances Socks Accessories Gold and diamond jewellery Other lifestyle products
Leisure and Entertainment Format Includes Bowling co. F 123 providing gaming options, fun foods, and services for junior and adult banqueting. Wellness and Beauty Format Offers Health treatments Beauty salon for men and women Beauty products such as color cosmetics, fragrances, herbal and specialty skin items, hair products, and bath accessories. Books and Music Format Offers Books Multimedia Toys Stationary and gifts
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ANALYSIS OF ECONOMIC ENVIRONMENT
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5.1 FACTORS AFFECTING THE INDUSTRY DEMAND (TAKING IN PARTICULAR PANTALOON STORES FOR GARMENTS)
1. Price of the product: If the price of the garments of pantaloons increases (decrease), then the demand for them will decrease (increase). This happens because the price of the garments and their demand are inversely related. 2. Price of related goods: Complementary Goods these are those goods in which change in price of one good affects the demand of another. A change in the price of shirts will affect the demand of the t-shirts. If the prices of the shirts will decrease (increase) then the demand for the t-shirts will increase (decrease). Competitive/ Substitute Goods these are those goods which can be substituted i.e. replace for each other. A change in the price of garments at Koutons will affect the demand of the garments at Pantaloons. An increase (decrease) in the prices of garments at Koutons will increase (decrease) the demand of garments at Pantaloons. 3. Income of consumers: Consumers income will have positive impact on the demand for the products. If consumers income increases (decreases), then the demand for the garments will also increase (decrease). However there are some goods which have negative impact on their demand in relation to consumer income. Such goods are referred to as inferior products. 4. Taste and preferences: Taste and preferences may have a positive or negative impact on the demand for the garments. If there is a favorable (unfavorable) change in taste, it will lead to increase (decrease) in demand for garments.
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5. Size of population:It means total number of consumers. If the population increases (decrease), the demand for the garments will increase (decrease).
5.2 FACTORS AFFECTING THE INDUSTRY SUPPLY (TAKING PANTALOON STORES FOR GARMENTS)
1. Price of the product: Price and supply of a product are positively related to each other. If price of a garment increases (decreases), then the supply of garment will increase (decrease) in the market. 2. Price of inputs: This includes all the cost of materials which are used for production e.g. raw materials, transportation cost.etc. Price of inputs and their supply are inversely related to each other. An increase (decrease) in price of thread will lead to decrease (increase) of the supply of the garment. 3. Price of related goods: Complementary Goods A change in the price of tops will affect the supply of the skirts. If the prices of the tops will decrease (increase) there will be a decrease (increase) in the supply of the skirts too because this will lead to a decrease (increase) in the profit margins of the Supplier. Competitive/ SubstituteGoods A change in the price of skirts at Koutons will affect the Supply of the skirts at Pantaloons. An increase (decrease) in the prices of garments at Koutons will decrease (increase) the supply of garments at Pantaloons because this change in the price will tempt the Suppliers to divert their available resources to the production of the Substitute Good i.e. the garments at Koutons. 4. Technology:
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This will have a positive impact on the supply of garments. With better usage of technology in the production of garments, its supply will increase as it will result in low-production cost and vica-versa. 5. Expected future price: This refers to the price of the product that is being expected in the near future. If the price of the garments is expected to increase (decrease), its supply will decrease (increase) at present. This happens to make maximum profit. 6. Number of firms: This includes the total number of firms producing the product. If the number of the firm producing garments increases then pantaloons will decrease its supply in the market because of intense competition and vica-versa. 7. Goals of the firm: Supply of pantaloon garments also depend on its goal. If the goal is to maximize profit then it will sell its garments more on high price and if the goal is to make its social image then it will continue selling its garments even at low-price giving maximum customer satisfaction. There are many other factors like taxation policy, taste and preferences, natural factors.etc.
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5.3 PANTALOONS RETAIL LTD. FISCAL POLICY The second tool available to government (and one that is used by all levels of government) is fiscal policy. The term fiscal policy refers to the expenditure a government undertakes to provide goods and services and to the way in which the government finances these expenditures. There are two methods of financing: taxation and borrowing. Taxation takes many forms in the developed countries including taxation of personal and corporate income, so-called value added taxation and the collection of royalties or taxes on specific sets of goods. The debt burden assumed by the government is itself an important policy variable and one that has implications for the conduct of monetary policy. Governments in democratic societies act on many different, occasionally conflicting objectives. They may want to smooth out the nation's income in order to minimize the pejorative effects of the business cycle or they may want to take steps designed to increase the national income. OBJECTIVES OF FISCAL POLICY: The objectives of fiscal policy may be regarded as follows: 1. To achieve desirable price level: The stability of general prices is necessary for economic stability. The maintenance of a desirable price level has good effects on production, employment and national income. Fiscal policy should be used to remove; fluctuations in price level so that ideal level is maintained. 2. To Achieve desirable consumption level: A desirable consumption level is important for political, social and economic consideration. Consumption can be affected by expenditure and tax policies of the government. Fiscal policy should be used to increase welfare of the economy through consumption level. 3. To Achieve desirable employment level: The efficient employment level is most important in determining the living standardof the people. It is necessary for political stability and for maximization ofproduction. Fiscal policy should achieve this level.
4. To achieve desirable income distribution: The distribution of income determines the type of economic activities the amount of savings. In this way, it is related to prices, consumption and employment. Income distribution should be equal to the most possible degree. Fiscal policy can achieve equality in distribution of income. 5. Increase in capital formation: In under-developed countries deficiency of capital is the main reason for under-development. Large amounts are required for industry and economic development. Fiscal policy can divert resources and increase capital. 6. Degree of inflation: In under-developed countries, a degree of inflation is required for economic development. After a limit, inflationary be used to get rid of this situation.
INSTRUMENTS OF FISCAL POLICY: 1. Public expenditure 2. Taxes 3. Public debts
Employment: Although Indias share in global economy is low, however being a labourintensive industry; its contribution to employment is significant. The entrepreneurial culture and spirit prevails in the company, whereby the appetite for taking risks is encouraged. Company employees are completely empowered individuals who are encouraged to think out of the box, use scenario planning as a tool for quick decision making, adopt design management as an approach which requires an individual to use both sides of the brain while evaluating business propositions, etc. It have been recognized as the most preferred employer in the retail sector. Company employ close to 10,000 people and recruit nearly 500 additional people every month. It follows the Balanced Score card
approach; a very critical strategic tool while evaluating an individuals performance. Interest Payments: Due to fiscal consolidation in last four years, interest payments as percentage of total revenue receipts (net) of central government has shown a significant improvement. According to the budget estimation 2009-10 it is estimated as 36.7% from 36.7% in 2008-09. Pantaloon Retail wants nearly Rs400 a share and talks with TPG are at an advanced stage. At Rs400 a share, a 33% premium on Mondays closing price of Pantaloon Retail stock, the PE fund will need to bring in about Rs950 crore to buy a 14.9% stake. The Pantaloon Retail stock on Monday dropped 4.27% on the Bombay Stock Exchange to close at Rs299.55 even as the Sensex lost 2.9% to close at 14,665.92. At this price, Pantaloon Retails market capitalization is Rs4,771.58 crore. Transfer Of Payments: are the form of government spending .It is defined as redistribution of income in market system. Eg:-for welfare(financial aid),social security and government subsidies for certain business(firms). Subsidies: Government plan to spend Rs.1, 11,276 crore (us $23.03 bn.) on providing subsidies in budget 2009-2010. Public Debt: Due to the slowdown in the economy in few last years government raised its borrowings. Pantaloon's short-term loans worth Rs 290 crore, retained rating of the company's long-term loans of Rs 2,353.25 crore and non-convertible debenture (NCD) of Rs 250 crore. It also retained rating of PRIL's working capital limits of Rs 1,875 crore. Despite a challenging operating environment PRIL continues to report higher sales growth and better operating profits, relative to its peers. FDI (Foreign Direct Investment): Liberalizing FDI was another important part of Indias reform, driven by belief that this would increase total volume of investment in Indian economy. Although FDI is not permitted in multi-brand retail businesses like Future Group's, the conglomerate has created two layers of operations to take advantage of the three Press Notes that allow FDI up to 49 per cent in operating-cum-investment companies as long as they are owned and controlled by Indians. Future Group is in the midst of raising around Rs 1,100 crore in two tranches. Besides Rs 750
crore in the step-down subsidiary FFML, Pantaloon Retail will raise Rs 368 crore. Of this, the promoters will bring Rs 292.80 crore through preferential issues of shares and warrants. Media conglomerate Bennet, Coleman will invest Rs 75 crore through its investment arm, Dharmyug Investment Ltd. Excise Duties: According to the government policies in India, excise duties and many other miscellaneous taxes are not levied on the apparel products, but they are categorized as restricted imports Export Promotion Capital Goods (EPCG) Scheme: The EPCG scheme is provided for those export companies and traders who inform the Government of India about the type and value of capital goods being imported by them and the exports they expect to produce using those imports. The Government of India provides a license to the exporters allowing them to import capital goods either duty free or at very low rates of duty, on the basis of the export commitment made at the time of import of goods.
Pantaloon Retail India Ltd (PRIL), the country's largest listed supermarket operator, plans to spend Rs 360-crore in the remainder of this fiscal, to add up to 2.4-million sq ft of retail space to existing operations. Theres an apex plan of Rs 360-crore to add up 2.4- million sq ft of retail space that is in the Pantaloon Retail balance-sheet and not the subsidiaries. That's the plan for the balance 7-8 months (of this financial year).The company, a part of the diversified Future Group, begins its financial year in July. While the Future Group operates 15-million sq ft of retail space across India, Pantaloon Retail with its multiple lifestyle and value chains runs around 13-million sq ft. Pantaloon Retail is also looking to hive-off its value retail chain--Big Bazaar--into a separate subsidiary, which may eventually go for an initial public offer (IPO). They are looking at subsidarisation of Big Bazaar into a separate company and for capital they can raise it through public issue. Theres also a hope of opening 155 Big Bazaar stores by 2014, increasing companys total
network to 275 stores. And also a pan to deploy a part of the Rs 500-crore raised through a QIP issue last week, into expansion and for debt reduction. 5.4 MONETARY POLICY Monetary policy is the process by which the government, central bank, or monetary authority of a country controls (i) the supply of money, (ii) availability of money, and (iii) cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy. Monetary theory provides insight into how to craft optimal monetary policy. Monetary policy is referred to as either being an expansionary policy, or a contractionary policy, where an expansionary policy increases the total supply of money in the economy, and a contractionary policy decreases the total money supply. Expansionary policy is traditionally used to combat unemployment in a recession by lowering interest rates, while contractionary policy involves raising interest rates in order to combat inflation. Monetary policy is contrasted with fiscal policy, which refers to government borrowing, spending and taxation. OPERATIONS OF A MODERN CENTRAL BANK The Central Bank attempts to achieve economic stability by varying the quantity of money in circulation, the cost and availability of credit, and the composition of a country's national debt. The Central Bank has three instruments available to it in order to implement monetary policy: 9. Open market operations 10. 11. Reserve requirements The 'Discount Window'
Open market operations are just that, the buying or selling of Government bonds by the Central Bank in the open market. If the Central Bank were to buy bonds, the effect would be to expand the money supply and hence lower interest rates, the opposite is true if bonds are sold. This is the most widely used instrument in the day to day control of the money supply due to its ease of use, and the relatively smooth interaction it has with the economy as a whole.
Reserve requirements are a percentage of commercial banks', and other depository institutions', demand deposit liabilities (i.e. chequing accounts) that must be kept on deposit at the Central Bank as a requirement of Banking Regulations. Though seldom used, this percentage may be changed by the Central Bank at any time, thereby affecting the money supply and credit conditions. If the reserve requirement percentage is increased, this would reduce the money supply by requiring a larger percentage of the banks, and depository institutions, demand deposits to be held by the Central Bank, thus taking them out of supply. As a result, an increase in reserve requirements would increase interest rates, as less currency is available to borrowers. This type of action is only performed occasionally as it affects money supply in a major way. Altering reserve requirements is not merely a short-term corrective measure, but a long-term shift in the money supply. Lastly, the Discount Window is where the commercial banks, and other depository institutions, are able to borrow reserves from the Central Bank at a discount rate. This rate is usually set below short term market rates (T-bills). This enables the institutions to vary credit conditions (i.e., the amount of money they have to loan out), there by affecting the money supply. It is of note that the Discount Window is the only instrument which the Central Banks do not have total control over. By affecting the money supply, it is theorized, that monetary policy can establish ranges for inflation, unemployment, interest rates ,and economic growth. A stable financial environment is created in which savings and investment can occur, allowing for the growth of the economy as a whole. The Indian economy has been developing at a considerable growth rate since independence, but it has never been able to achieve the targets set up. In the first quarter of the year 200910, the Indian economy was growing at a rate of 6.1%, which is higher than that of 5.8% in the fourth quarter of the financial year 2008-09, but lowers than 7.8% in the first quarter of the year 2008-09. The year-on-year (y-o-y) deceleration in growth was broad-based covering all the three major sectors, viz., agriculture, industry and services. In the Indian economy, clear signs of revival from recession and growth of the industrial sector have been seen in the recent months. The index of industrial production (IIP) showed an increase by approximately 5.8% during April-August 2009 as compared with a growth of 4.8% in the corresponding period of the previous year. While the basic, intermediate and
consumer durable goods sectors (that includes the apparel industry) witnessed higher growth, the performance of the capital goods and consumer non-durable sectors was relatively modest. The core infrastructure sector experienced a growth of 4.8% during April- August 2009, as compared to 3.3% in the corresponding period of the previous year. The leading indicators of industrial production, both quantitative and qualitative, also point to revival of industrial activity in the months ahead. The results of the Industrial Outlook Survey done by the Reserve Bank of India that tracks the business expectations for the current quarter and the business outlook for the following quarter, conducted in July-August 2009 showed a turnaround in the business sentiment. The assessment for the second quarter of 2009-10 showed continuing upturn with a 7.8% increase in the Business Expectations Index (BEI) over the previous quarter. Also considerable improvement was shown in key indicators such as production, order books and capacity utilization. The financing conditions have also become better. Inflation that is measured by year-on-year variations in the wholesale price index (WPI), remained negative during June-August 2009 due to the base effect, but returned to a positive figure in September 2009. Inflation based on the CPI for industrial workers (IW) and urban non-manual employees (UNME) has also witnessed a one-time step-up reflecting significant upward revision in imputed prices of rent-free houses emanating from the Sixth Pay Commission Award. The Central Government has already completed net market borrowing of Rs. 3,19,911 crore (as much as 80.4 per cent of the budget estimate) through dated securities during 2009-10 (up to October 26, 2009).

5.5 ORGANISATION GROWTH CHARTS
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5.6 COMPANYS FINANCIAL PERFORMANCE

SALES The Companys sales and other operating income has increased from Rs.5048.91 Crores to Rs.6341.70 Crores, an increase of 25.61% over the previous year. The Company has also recorded same store growth of 6.97% during the year. PROFIT BEFORE TAX Profit before tax of the Company for the year 2008-09 stood at Rs.216.23 Crores as compared to Rs. 195.62 Crores in the previous year, an increase of 10.54% over the previous year. INTEREST Interest & Financial charges outflow has increased from Rs.185.27 Crores in 2007-08 to Rs.318.22 Crores in 2008- 09. The increase in interest and financial charges is on account of additional borrowing for funding the growth plans of the Company. The interest & financial charges cover during the year under review has fallen down to 2.12 times as compared to 2.51 times in the preceding year. Weighted average cost of borrowing has marginally increased from 11.15% to 11.37% on account of higher cost of funds/ borrowings driven by market conditions. NET PROFIT Net profit of the Company for the year under review stood at Rs.140.58 Crores as compared to Rs.125.97 Crores in the previous year, an increase of Rs.14.61Crores and 11.60% over the previous year. DIVIDEND The Company has proposed a dividend of Rs.0.60 (30%) per equity share. The dividend would be payable on all equity shares of the Company including Class B Shares, and on warrants if converted on or before the Book Closure date declared for dividend. Class B Shares would be entitled to 5% additional dividend as per the terms of issue of Class B Shares (Series 1). LOANS AND ADVANCES
Loans and advances stood at Rs.1202.56 Crores in 2008- 09, an increase of Rs.240.24 Crores over the previous financial year. The major component of loans and advances represents advance lease deposits for the stores paid to lessors and advances given to suppliers. CAPITAL EMPLOYED The capital employed in the business increased by Rs.1084.41 Crores in 2008-09. This is reflected in the liabilities side of the balance sheet through an increase in borrowings by Rs.658.61 Crores and an increase in shareholders funds by Rs.425.80 Crores. Return on capital employed has increased from 14.44% to 14.73%. SURPLUS MANAGEMENT The Company generated a cash profit of Rs.328.88 Crores as compared to Rs.246.64.Crores in the last year, registering the growth of 33.34%. The balance amount, after cash outflow on account of proposed dividend, is ploughed back into the business to fund the growth. The growth of the Company has partly been funded by the cash generated from the business as well as from additional funds borrowed and equity funds infused during the year. EQUITY SHARE CAPITAL During the year, Company has allotted 1,51,00,000 (One Crore Fifty One Lakhs) fully paid up Equity Shares of the face value of Rs.2/- (Rupees Two only) each at a premium of Rs.181/- (Rupees one hundred eighty one only) on preferential basis to promoters and private investors. The Company has allotted 1,59,29,152 (One Crore Fifty Nine Lacs Twenty Nine Thousand One Hundred Fifty Two) fully paid up Class B Shares (Series 1) having face value of Rs. 2/(Rupees Two only) each during the year as Bonus Shares out of Share Premium Account. Equity warrants represents amount received against 50,00,000 (Fifty Lakhs) warrants issued on a preferential allotment basis, which can be converted to same number of equity shares at the option of the holders within 18 months from the date of allotment of the warrants. The resultant increase in Equity on account of allotment of fresh equity shares during the year is Rs.276.33 Crores. DEBT-EQUITY Debt-equity ratio of the Company has marginally declined with the additional funds borrowed for the expansion of the retail operations of the Company. Debt-equity ratio for the
year was 1.25. EARNING PER SHARE (EPS) The Companys Basic Earning Per Share (EPS) has marginally increased from Rs.7.54 during previous year to Rs.7.94 per share in the current year. CASH EARNING PER SHARE (CEPS) The Companys Cash Earning Per Share (CEPS) is Rs.18.58, which was Rs.14.76 in the preceding year. INVESTMENT The Companys investment portfolio has increased substantially from Rs.586.52 Crores in 2007-08 to Rs.954.03 Crores in 2008-09.The increase in investment during the year is mainly by way of subscription of shares in Subsidiaries/Associates/Joint Ventures.
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5.7 HORIZONTAL ANALYSIS OF PROFIT & LOSS (PANTALOONS)
PARTICULAR S
AMOUNT As on MAR09
AMOUNT As on MAR08 3512.19
ABSOLUTE CHANGE
PERCENTAGE CHANGE
COMMENTS
COST AND
OF 4429.95
917.76
26.13
COGS increased over a year.
GOODS SOLD CONSUMED PERSONNEL COST MANUFACTU RING OTHER EXPENSES AND 969.05 802.13 166.92 20.81 274.26 274.07 0.19 0.07
Increase
in
personnel cost. Absolute change increased due to increase in expenses.
FINANCIAL CHARGES
318.22
185.27
132.95
71.76
Financial charge increased.
DEPRECIATI ON PROFIT BEFORE TAX
140.05
83.39
56.66
67.94
Depreciation increased.
216.23
195.62
20.61
10.53
Increase company.
in
profits for the
TAX EXPENSES PROFIT AFTER TAX
75.38
69.68
5.7
8.18
Expenses increased.
140.58
125.97
14.61
11.60
Profit after tax increased.

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NET OPERATING INCOME
6347.76
5052.67
1295.09
25.63
Increased income resulting increase absolute change.
net in of

5.8 HORIZONTAL ANALYSIS OF BALANCE SHEET (PANTALOONS) Current year PARTICULARS 2009 (Rs. in crores) SOURCE OF FUNDS Share capital 38.06 31.86 6.2 19.46 Decrease in absolute change as per decrease in capital over the year. Increase in absolute change because reserves and surplus increased Increased in absolute change and percentage change because of secured loans increases Increase in both absolute and percentage change. Total debt of the company increased which is not
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Base year 2008 (Rs. in crores) ABSOLUTE PERCENTAGE COMMENTS CHANGE CHANGE
Reserves and surplus
2211.48
1751.50 459.98
26.26
Secured loans
2525.53
1991.77 533.76
26.8
Unsecured loans
324.86
200.01
124.85
62.42
TOTAL DEBT
2850.39
2191.78 658.61
30.04
good for company. APPLICATION OF FUNDS Gross block 1876.45 1368.76 507.69 37.09 Gross block increased due to increase in funds Depreciation increased because machines always depreciation by some percent in every month Increased Capital work increased due to more profits. Investments increased
Less: Depreciation
307.69
170.59
137.1
80.36
Net block Capital work in progress
1568.76 345.23
1198.17 370.59 330.64 14.59
31 4.41
Investments CURRENT ASSETS, LOANS & ADVANCES Inventories
954.03
586.52
367.51
62.65
1787.84
1429.84 358
25.03
Stocks increased in the company Sundry debtors increased Cash and bank balances decreased in
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Sundry debtors
177.25
113.16
64.09
56.63
Cash & bank balances
109.34
121.10
-11.76
-9.71
the company. Loans & advances 1202.56 962.32 240.24 0.25 Loans increased more that a cash and bank balance in the company
Less: Current liabilities & provisions Current liabilities 891.39 620.08 271.31 43.75 Current liability increased due to maximum loan Provisions increased Net current assets increased
Provisions Net current assets
20.46 5238.91
17.58
2.88
16.38 27.6
4106.24 1132.67


COMPETITORS PROFILE
(KOUTONS RETAIL INDIA LTD.)
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6.1 COMPANY PROFILE

Date of Establishment: 1994 Revenue: 224.153 Market Capital: 10945037975.25 Corporate Address: T-60/1 Dcm School Road, New Rohtak Road, Karol Bagh New Delhi-1100005, DELHI www.koutons.com Management Details: Chairperson - D P S Kohli MD - Bhupinder Singh Directors - Ajay Mahajan, Ajay Mittal, Anil Kevin Khatod, Bhupinder Singh, Bhupinder Singh Sawhney, D P S Kohli, Grish Chandra Raghubir, Gurdarshan Singh Bhalla, Gurmeet Singh Sawhney, Kailash Chand Sharma, Krishnamurthy Santhanam, Rajiv Grover, Ramit Rastogi, Vinod Chandra Sinha, Virendra Kumar Gupta, Vrendra Kumar Gupta Business Operation: Textile Financials Total Income - Rs. 10631.348 Million ( year ending 200903)
Net Profit - Rs. 795.57 Million ( year ending 200903) Company Secretary: Ramit Rastogi Bankers Auditors: R Chadha & Associates
KOUTONS RETAIL INDIA LTD. is the leading retailer of readymade and fashion wear brand in the country today. With more than 1400 outlets across India, it has a wide range of apparel designs suited for all segments including corporate, formal and casual dressings. Koutons aptly creates the conducive environment for a family outing, making family shopping the best experience at an affordable price - all at one place. Making a humble beginning 18 years ago, Koutons is the pioneer in making fashion a household name, through unique promotional schemes and by bringing in modern and fashionable wear within the reach of all segments of society. Today Koutons garments are a name to reckon within both large and small cities with wile presence in the malls and at high streets.
6.2 HISTORY Today Koutons garments are a name to reckon within both large and small cities with wile presence in the malls and at high streets. Koutons established its operations as Charlie Creations Pvt. Ltd. in garment manufacturing and exports in early 1991 under the brand name 'Charlie Outlaw'. It started the business of designing, manufacturing and retailing of apparels including formal shirts, trousers, jackets etc for men. In 1999, Koutons was born with the forward visionary thought of providing affordable men's wear for masses. The Company was converted into a Public Limited Company and consequently its name was changed to Koutons Retail India Limited with effect from June 27, 2006.Today, better known as Koutons Retail India Ltd., it has two brands "Koutons" & "Charlie Outlaw". Koutons had moved up the value chain from a garment manufacturer to a retailer by launching its first own stores in 2002. "Value for Money and High on Fashion" being their USP, Koutons has given the brand an extension delving into specific consumer segments.
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6.3 PRODUCT PROFILE For Women: Bags Clutches Belts Wide range of formal and casual wear
For Men: Belts Wallets Cuff lings Innerwear in lot of variety and designs shoes
For Children- young boys and girls in the age group of 2-14yrs: T-shirts Shirts Night wear Capris Cargos Denims Dangris Skirts Dresses Shorts Accessories
Less femme caters to young women in the age group of 14-34yrs: T-shirts Semi formal Shirts Denims Capris
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A line dresses
Shoe range K2One: Gliders Sneakers Suede Formal leather shoes Sandals
Fabrics used: Cotton Viscose Worsted wool blends Rubbia Printed cotton fabrics poly cotton fabrics garment cotton Mill made cotton fabrics
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6.4 HORIZONTAL ANALYSIS OF PROFIT & LOSS (KOUTONS)
PARTICULARS
AMOUNT AMOUNT ABSOLUTE PERCENT As on MAR09 As on MAR08

266.80 109.18
COMMENTS
CHANGE
AGE CHANGE
MATERIAL CONSUMED
375.98
40.92
Consumption increased with time.
MANUFACTURING EXPENSES PERSONNEL EXPENSES
162.13
162.22
(0.09)
(0.055)
Expenses are lowered a bit.
20.72
15.38
5.34
34.72
Personal expenses increased leading to increase in absolute change.
SELLING EXPENSES ADMINISTRATIVE EXPENSES
201.66
154.21
47.45
30.77
Increased selling expenses.
74.14
41.08
33.06
80.48
Increased administrative expenses.
CAPITALISED EXPENSES COST OF SALES
0.00
0.00
0.00
0.00
834.63
639.68
194.95
30.48
Increase in sales resulting in more
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COST OF SALES
834.63
639.68
194.95
30.48
Increase in sales resulting in more profits.
DEPRECIATION
15.30
9.77
5.53
56.60
Obsolescence increased.
FINANCIAL EXPENSES TAX CHARGES
88.91
41.68
47.23
113.31
Financial expenses increased.
43.04
35.68
7.36
20.63
Increase in taxes.
REPORTED PAT

79.56
69.49
10.07
14.49
Profit after tax increased.
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6.5 HORIZONTAL ANALYSIS OF BALANCE SHEET (KOUTONS)

PARTICULARS Current year Base year 2009 (Rs. in crores) SOURCE OF FUNDS Share capital 2008 (Rs. in crores) ABSOLUTE CHANGE PERCENTAGE CHANGE COMMENTS
30.55
30.55
No change in capital Increase in absolute change because reserves and surplus increased Increased in absolute change and percentage change because of secured loans increases Decrease in both absolute and percentage change. Total debt of the company increased which is not good for company.
Reserves and surplus
394.64
319.08
75.56
23.68
Secured loans
520.02
206.58
313.44
151.72
Unsecured loans
102.91
212.69
-109.78
-51.61
TOTAL DEBT
1048.13
768.90
279.23
36.31
APPLICATION OF FUNDS
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Gross block
146.02
75.12
70.09
94.38
Gross block increased due to increase in funds Depreciation increased because machines always depreciation by some percent in every month Increased Capital work decreased due to less of profits. Investments decreased
Less: Depreciation
31.34
16.54
14.8
89.48
Net block Capital work in progress
114.68 9.57
58.58 13.68
56.1 -4.11
95.76 -30.04
Investments
2.02
40.52
38.5
-95
CURRENT ASSETS, LOANS & ADVANCES Current assets, loans and advances
1090.22
813.89
276.33
34
Loans increased more that a cash and bank balance in the company Increase of current liabilites. Current liability increased due to maximum loan
Less: Current liabilities & provisions Total net current assets
171.95
160.26
11.69
7.3
918.27
653.63
264.64
40.48
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Miscellaneous expenses not written TOTAL
3.58
2.49
1.09
43.77
Expenses of company increased.
1048.13
768.90
279.23
36.31
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7. SWOT ANALYSIS
SWOT Analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture.[3]This analysis helps in pointing out the objective and flow of business under internal and external factors. Favorability of the strategy based on the factors can be analyzed. The technique first used by Stanford University in 1960 by Albert Humphrey. Figure 1 is formulated based on the factors for pantaloon retail chain.
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8. Conclusions and Recommendations

India is still in the nascent stage of organized retailing and is constantly evolving. Pantaloon Retail (I) Limited is a front runner in Indias modern retail space and we represent fashion ,food, general merchandise and other lines of business, through multiple delivery formats, primarily catering to the lifestyle and value customers. The company has stores in nearly 30 cities across the country, constituting over 2.7 million square feet of retail space. The company has also signed close to 10 million sq. ft. of retail space to be operational by end 2008, which represents 20-30 % of all modern retail space coming up in the next three years. Over 200 million footfalls are expected in our stores by 2006-07. I believe that consumption will be the next big driver of Indias economic growth. Rising incomes and increased exposure to global products and global consumption patterns have changed the average Indians attitude towards consumption and savings. Consumption = Development. Increased and channelised consumption would lead to the development of the nation through improved and better infrastructure facilities, greater employment generation possibilities will emerge with increased consumption, leading to people wanting to spend more on themselves. This cycle is what will fuel the consumption boom in the country. Pantaloon retail India evolved its business strategy based on understudying customers. The organization deploys the cultural and regional strategies to attract the customers. The changing emotions of customers are tracked and they are linked with the power of modern retailing environment. But still the company has introduce modern retailing malls to the social class people of India it has fear of threat of business decline from the competitors like Reliance fresh and Aditya birla more Who are potential competitors. Pantaloons are the best bet in retail. The store has been well maintained in accordance with the latest demands of the consumers. However it still needs to focus on several parameters that are posing hindrances towards its growth so that the store can retain its current Numero Uno position in the lifestyle segment. The organization must strive for the development of new formats to facilitate a better shopping environment for its customers. It can be undoubtedly stated the company has well planned retail strategies currently but these must be updated with the continuously changing environment so that it can sustain the competitive advantage.
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9. PANTALOONS V/S KOUTONS

BASIS PANTALOONS LTD. KOUTONS LTD.
CHAIRMAN
MR.SHAILESH HARIBHAKTI
MR.DPS KOHLI
LOGO
PRODUCTS
APPAREL, ACCESSORIES, FOOD, ELECTRONICS AND HOME FURNISHINGS
APPAREL AND ACCESORIES
OPERATIONS
1000 STORES
1400 OUTLETS
HEADQUARTERS
MUMBAI
GURGAON
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10. WORK PLACE SAFETY CHECKLIST
CODE OF CONDUCT STANDARDS
The factory complies with all local regulations relating to health and safety of workers at the workplace. The factory was ensuring adequate lighting, circulation, ventilation, heating/cooling of the workplace. Adequate protection was being provided from fire, accidents, toxic materials, chemical spillage, dangerous machinery parts and electrical risks. The workplace was having clearly marked and adequate exits for emergency evacuation of workers. Evacuation routes were pasted in all work areas. All exits, staircases and sections were having emergency lights. The workplace was having adequate fire alarms accessible from all sections/floors in the factory. The factory had trained an adequate number of workers in using fire extinguishers. per Periodic fire drills were conducted and duly recorded as per law or at least once in six months. The factory was having adequate number of fire extinguishers in all sections/floors. Fire extinguishers were mounted on a wall at a height, where they remained visible and accessible by most workers. The location of fire extinguishers and the area in front of them were marked with diagonal black and yellow lines in the form of a square, indicating that it should always be clear of any obstruction. Workers were being provided appropriate personal protective equipments (PPE) such a gloves, aprons, masks, goggles, earplugs, headgear and rubber boots. Workers were given necessary training to use the PPE. The factory was providing safe drinking water for all workers with free access to it throughput the day. The factory had placed adequately stocked first aid kit on every floor of the workplace. An adequate n number of workers were trained in basic first aid.
The factory was having procedures and facilities such as transport/ambulance to deal with serious injuries that require medical treatment outside the factory premises. The workplace was having adequate number of clean toilets/bath-rooms (Segregated by sex) for all workers with running water allowing adequate access to them throughout the day. The canteen was kept clean ensuring general hygiene and comfort for the workers. The factory kept hazardous substances in safe, secure, separate and ventilated areas.
There are various terms that come under the head of workplace safety, health and hygiene, which are discussed by showing pictures, stated below:
FIRE SAFETY COMPLAINCE
FIRST AID AND EMERGENCY MEDICAL CARE
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COMPLIANT TOILETS
DRINKING WATER COMPLAINCE
FACTORY SIGNS AND SYMBOLS
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11. SOCIAL COMPLIANCE CODE OF VENDOR CONDUCT: The Code of Vendor Conduct applies to all factories that produce goods for any particular buyer that has certain norms and standards for code of vendor conduct. While buyers recognizes that there are different legal and cultural environments in which factories operate throughout the world, this Code sets forth the basic requirements that all factories must meet in order to do business with these buyers. This Code is based on internationally accepted labor standards, including the International Labour Organization (ILO)s core conventions and the Universal Declaration of Human Rights. The Code provides the foundation for buyers ongoing evaluation of a factorys employment practices and other social compliance. 1. COMPLIANCE WITH LAWS Factories shall operate in full compliance with the laws of their respective countries and with all other applicable laws, rules and regulations. The factory operates in full compliance with all applicable laws, rules and regulations, including those relating to labor, worker health and safety, and the environment. The factory allows the buyers or any of their representatives or agents unrestricted access to its facilities and to all relevant records at all times, whether or not notice is provided in advance.
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2. LABOR A. CHILD LABOR
Factories shall employ only workers who meet the applicable minimum legal age requirement or are at least 15 years of age, whichever is greater. Factories must also comply with all other applicable child labor laws. Factories are encouraged to develop lawful workplace apprenticeship programs for the educational benefit of their workers, provided that all participants meet both buyers minimum age standard of 15 and the minimum legal age requirement. Every worker employed by the factory is at least 15 years of age and meets the applicable minimum legal age requirement. If the minimum legal age is higher under local law, the higher age applies. The factory complies with all applicable child labor laws, including those related to hiring, wages, hours worked, overtime and working conditions. The factory encourages and allows eligible workers, especially younger workers, to attend night classes and participate in work-study programs and other governmentsponsored educational programs. The factory maintains official documentation for every worker that verifies the workers date of birth. In those countries where official documents are not available to confirm exact date of birth, the factory confirms age using an appropriate and reliable assessment method.
B. CONTRACT LABOR REQUIREMENT Factories that recruit or employ foreign contract workers shall ensure that these workers are treated fairly and on an equal basis with its local workers.
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C. Discrimination Factories shall employ workers on the basis of their ability to do the job, not on the basis of their personal characteristics or beliefs. The factory hires, employs, promotes, terminates, and provides access to training and retirement to workers without regard to race, color, gender, nationality, religion, age, maternity, marital status, indigenous status, social origin, disability, sexual orientation, membership in workers organizations including unions, or political affiliation. The factory pays workers wages and provides benefits without regard to race, color, gender, nationality, religion, age, maternity, marital status, indigenous status, social origin, disability, sexual orientation, membership in workers organizations including unions, or political affiliation. D. Forced Labor Factories shall not use any prison, indentured or forced labor. The factory does not use involuntary labor of any kind, including prison labor, debt bondage or forced labor by governments.
E. Freedom of association and the right to collective bargaining Workers are free to join associations of their own choosing. Factories shall not interfere with workers who wish to lawfully and peacefully associate, organize or bargain collectively. The decision whether or not to do so should be made solely by the workers. Workers are free to choose whether or not to lawfully organize and join associations. If freedom of association and/or the right to collective bargaining are restricted by
law, workers shall be free to develop parallel means for independent and free association and collective bargaining. The factory does not threaten, penalize, restrict or interfere with workers lawful efforts to join associations of their choosing or to bargain collectively.
F. Humane treatment Factories shall treat all workers with respect and dignity. Factories shall not use corporal punishment or any other form of physical or psychological coercion. The factory does not engage in or permit physical acts to punish or coerce workers. The factory does not engage in or permit psychological coercion or any other form of non-physical abuse, including threats of violence, sexual harassment, screaming or other verbal abuse.
G. Wages and benefits Factories shall pay wages and overtime premiums in compliance with all applicable laws. Workers shall be paid at least the minimum legal wage or a wage that meets local industry standards, whichever is greater. Factories are encouraged to provide wages and benefits that are sufficient to cover workers basic needs and some discretionary income. Workers are paid at least the minimum legal wage or the local industry standard, whichever is greater. The factory pays overtime and any incentive (or piece) rates that meet all legal requirements or the local industry standard, whichever is greater. Hourly wage rates for overtime must be higher than the rates for the regular work shift.
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The factory provides paid annual leave and holidays as required by law or which meet the local industry standard, whichever is greater. For each pay period, the factory provides workers an understandable wage statement which includes days worked, wage or piece rate earned per day, hours of overtime at each specified rate, bonuses, allowances and legal or contractual deductions. The factory shall not modify or terminate workers contracts for the sole purpose of avoiding the provision of benefits. H. Working hours Factories shall set working hours in compliance with all applicable laws. While it is understood that overtime is often required in garment production, factories shall carry out operations in ways that limit overtime to a level that ensures humane and productive working conditions. The factory complies with all applicable laws, regulations and industry standards on working hours. Except in extraordinary business circumstances, the maximum allowable working hours in any week shall be the lesser of a) what is permitted by national law, or b) a regular work week of 48 hours plus overtime hours not in excess of 12 hours. Workers may refuse overtime without any threat of penalty, punishment or dismissal. Workers shall have at least one day off in seven.
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ANNEXURE

FINANCIAL STATEMENTS
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PANTALOONS
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KOUTONS
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Profit and Loss

Rs. cr
Period & months 2009/03 2008/03 2007/03 2006/03 2005/03
INCOME Net Operating Income

1,046.68 793.46 402.40 158.34 57.95
EXPENSES Material Consumption Manufacturing Expenses Personel Expenses Selling Expenses Administrative Expenses Capitalised Expenses Cost of Sales Reported PBDIT Other Recuring Income Adjusted PBDIT Depreciation Other Write-offs Adjusted PBIT Finanical Expenses Adjusted PBT Tax Charges Adjusted PAT Non-recurring Items Other Non-cash Adjustments REPORTED PAT APPROPRIATIONS Equity Dividend Preference Dividend Retained Earnings
3.06 0.00 172.61 0.00 0.00 97.05 0.00 0.00 49.61 0.00 0.00 15.08 0.00 0.00 4.82 375.98 162.13 20.72 201.66 74.14 0.00 266.80 162.22 15.38 154.21 41.08 0.00 113.79 99.23 10.35 90.99 18.50 0.00 92.24 0.00 3.19 0.00 37.34 0.00 37.57 0.00 2.26 0.00 13.29 0.00
834.63
639.68
332.86
132.76
53.12
212.05
153.78
69.54
25.58
4.83
15.80 227.85
1.51 155.29
1.47 71.01
0.04 25.62
1.55 5.03
15.30 0.77
9.77 0.48
3.97 0.18
1.04 0.01
0.42 0.00
211.78
145.04
66.86
24.57
4.61
88.91
41.68
14.90
3.44
1.55
122.87
103.36
51.95
21.14
3.05
43.04
35.68
18.12
7.89
1.12
79.84 -0.28 -0.42
67.68 1.80 -1.33
33.82 0.66 -0.53
13.26 0.00 -0.03
1.93 0.00 0.01
79.56
69.49
34.49
13.20
1.93

Balance Sheet
Rs. cr
Period & months 2009/03 2008/03 2007/03 2006/03 2005/03
SOURCES OF FUNDS Owned Funds Equity Share Capital Share Application Money Preferential Share Capital Reserves & Surplus Loan Funds Secured Loans Unsecured Loans TOTAL USES OF FUNDS Fixed Assets Gross Block Accumulated Depreciation Less: Revaluation Reserve Net Block Capital Work-in-progress Investments Net Current Assets Current Assets, Loans & Advances 1,090.22 Less: Current Liabilities & Provisions Total Net Current Assets Miscellaneous Expenses not written off TOTAL Number of Equity shares outstanding (Cr.) Bonus component in Equity Capital Notes: Book Value of Unquoted Investments
2.02 40.52 0.00 0.00 0.00 171.95 918.27 813.89 160.26 653.63 456.06 133.96 322.11 125.33 64.68 60.65 34.66 13.67 20.99 146.02 31.34 0.00 114.68 9.57 2.02 75.12 16.54 0.00 58.58 13.68 40.52 49.84 6.96 0.00 42.88 7.14 0.00 13.71 3.07 0.00 10.64 0.00 0.00 5.19 2.03 0.00 3.16 0.00 0.00 520.02 102.91 1,048.13 206.58 212.69 768.90 162.43 47.00 372.76 32.58 18.68 71.33 13.30 4.18 24.18 30.55 0.00 0.00 394.64 30.55 0.00 0.00 319.08 27.34 0.00 0.00 135.98 4.99 0.00 0.00 15.08 4.74 0.11 0.00 1.86
3.58 1,048.13 3.06 0.00
2.49 768.90 3.06 0.00
0.62 372.76 2.73 0.00
0.04 71.33 0.50 0.00
0.03 24.18 0.47 0.00
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Market Value of Quoted Investments Contingent liabilities
0.00 10.39
0.00 2.44
0.00 2.44
0.00 0.00
0.00 0.00

PRICE RANGES OF DIFFERENT PRODUCTS
Victorian-style pantaloons with elastic waist and lace trim. $16.95
BOUTIQUE CUSTOM MADE RED WHITE STRIPED BLOOMERS $16.99
Infant And Toddler Eyelet Trim Pantaloon Bloomers $15.95
Pretty panties for your sexy costume! $22.99
Old Fashioned White Pantaloons Sizes 4, 5, 6, 7 $14.49
Boutique Girl's Eyelet Trimmed Pantaloons Sz 12m-10yrs $14.98
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St Regis 86"x23" Pantaloon Valance Taupe Color $19.99
Boyds Bears 12" Plush Courtney Heartlee $19.99
St. Regis Interlined Draperies $29.95
Boyds 16" Plant Kindness, Gather Love Golden Bear $39.00
Pottery Barn Kids Chase Nursery Bedding $2.99
11x14 Pink Flirt Print Hibiscus Match Roxy Bedding $12.95
Peace Sign Green 3 piece Full / Queen Bedding $124.99
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SCOOBY-DOO Sports Legend - BEDSKIRT - Twin/Single Size - Boys &Girls Bedding $13.99
Forest Fever Hand quilted Cotton Twin size Bedding (Green Twin Cotton) $88.99
8-PC Queen size Solid Bed in A Bag With Down Alternative Comforter $119.99
Closeout! Construction Crew Bed in a Bag $29.99
Georgia Tech Yellowjackets Bed-in-a-Bag (Twin Twin/X-Long) $199.95
Cargo Pants $79.50 at Levi
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L.L.Bean Tropic Weight Cargo Pant $44.00 at L.L.Bean
The North Face Go-Go Cargo Checker Pant for Women $189.00 at HalfMoon Outfitters
Kuhl Cargo Pant (Tannin) Women's Clothing $58.00 at Zappos.com
Okie Dokie Infant Boy's Knit Cargo Pant $4.99 at JCPenney
Marmot Cargo Pant (Men's) $149.95 at Rock Creek Outfitters
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Arctix Women's Insulated Cargo Pants $34.99 at Campmor
LeapFrog Didj Custom Learning SpongeBob SquarePants: Fists of Foam 10.00 - 40.00 from 12 Stores
Shrug and Camouflage Outfit By Only Hearts Club 9.95 - 9.99 from 3 Stores
Mattel Barbie Complete Looks - Pale Blue Bandeau Top and Denim Jeans 10.00 - 21.00 from 11 Stores
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Reebok Miami Dolphins Kids 4 7 Short Sleeve Jersey Pant Set 30.00 - 30.00
Quiksilver Kids Travis Rice Pant (Big Kids) (Black) Boy's Clothing $141.00
Cleveland Indians -Kids 4-7- French Terry Hoody/Pant Set 35.00 - 35.00
Atlanta Falcons Kids (4-7) Henley Raglan Long Sleeve Crewneck and Pant Set 17.00 - 24.00
Adidas Notre Dame Fighting Irish Kids' Pajama Pants $7.99 at Sports Unlimited
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Kansas City Chiefs Kids 4-7 Jersey and Pant Set 28.00 - 35.00
JAKKS Pacific Superstar Billy Graham Green Pants 13.00 - 25.00
Lee Middleton Dolls Blue Jeans 20.00 - 24.00
Folkmanis 3"Tall Mini White Mouse Puppet 5.00 - 30.00
Corolle 14 Inch Classic Baby Doll Fashions Trendy Bloomer Set 11.00 14.00
Laura Ashley Baby Dress, Baby Girls Dress and Bloomers $34.00
Contents Overview of apparel industry
REFERNCES LIST www.pantaloons.com www.pantaloon.com www.google.co.in www.pantaloons.retail.in
Company profile Products Human resource policy www.icicidirect.com www.koutons.com www.wikipedia.org Pantaloons annual report for the year 2009 www.Moneycontrol.com http://www.mydigitalfc.com/companies/pantaloon-spend-rs360-crore-fiscal-928 http://www.transnationale.org/companies/pantaloon_retail.php http://www.paycheck.in/main/officialminimumwages/haryana http://www.paycheck.in/main/officialminimumwages/delhi http://www.paycheck.in/main/officialminimumwages/uttarpradesh http://www.informationbible.com/FiscalPolicy.html http://en.wikipedia.org/wiki/Fiscal_policy http://www.pantaloon.com/annual_report.asp
HR
http://www.pantaloon.com/vacancies.asp http://en.wikipedia.org/wiki/Pantaloon_Retail_India

www.pantaloons fresh fashion/google pantaloon collection for women/google 2 menswear at pantaloon.futurebazaar.com

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Mr. S.C kapoor
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CHECK LIST FOR THE REPORT

A4 paper size word-processed, typed or neatly and legibly written 1.5 line spacing 1margin all sides cover sheet clearly labeled headings (if required) Do you have a copy of this assessment item?
Proofread for the following language features

Colloquial termsslang words or informal expressions. Clichs Jargon Double meanings or ambiguity Use of personal pronouns (I, you, us, we, our) Elisions (it's for it is; won't for will not; isn't for is not) Emotive language Parallel constructions (keeping the same tense) Acronyms (full citation of terms rather than letter symbols) Abbreviations Ampersand ('&' in place of the word 'and') Conciseness
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Preciseness Pantaloon Retail India Ltd. names, places)
Capitalization of alphabetical letters where necessary (titles,
Ampersand ('&' in place of the word 'and') Conciseness Preciseness Capitalization of alphabetical letters where necessary (titles, names, places) Discriminatory language Spelling, typographical errors
Punctuationread your document aloud. Note the places where you pause naturally and punctuate accordingly. Grammatical constructioncheck that sentences are complete units of meaning and not sentence fragments Check that your sentences are not too short, lacking in the alternatively)
use of conjunctive words (however, therefore, moreover,
Notes especially for reflective essays

Is a reference list included? Check that it is written in the correct format. Have you referenced in-text? Does your in-text referencing correspond to your reference
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list? (Is every reference cited in your reference list able to be located in your text?) Do you have an adequate introduction and conclusion? Does your essay 'flow' in a structured manner? Is there linking between paragraphs? one main idea? Are your paragraphs too long/too short? Is your point of view consistent and without contradiction throughout the essay? Is your writing based on fact or is it subjective?
Are your paragraphs well structured and does each contain
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PEARL ACADEMY OF FASHION FOUNDATION BUSINESS

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd. Page 4

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

MAJOR ACHIEVEMENTS OF PANTALOON RETAIL

2.4 CURRENT STATUS

Pantaloon Retail India Ltd.

GROWTH REPRESENTING INCREASING IN CUSTOMER DOMINANCE

Pantaloon Retail India Ltd.

2.5 COMPANYS COMPETITORS

PANTALOONS RETAIL LTD.

Pantaloon Retail India Ltd.

INTERNAL AND EXTERNAL ENVIRONMENT

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

3.1.1 PARTS OF MACRO ENVIORNMENT I. Demographic Environments

i. ii. iii. iv. v. vi.

Demographics of Republic of India

Population of India, 1961-2003

Population: Growth rate:

1,166,079,217 (2009 est) 1.548% (2009 est)

Pantaloon Retail India Ltd.

Birth rate: Death rate:

Pantaloon Retail India Ltd.

Language: Official: Hindi, English

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

ii. iii. iv.

Unlimited opportunities for innovation Increased regulation Varying R & D budgets

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

3.1.3 PARTS OF INTERNAL ENVIRONMENT

i. ii. iii. iv. v.

Logistics R&D Purchasing Production Marketing

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

3.2 PRODUCT MIX

PANTALOON RETAIL INDIA LTD.

WELLNESS AND BEAUTY

BOOKS AND MUSIC

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

Electronics Consumer durables Furniture

selling prices digits to 2 digits rather than exact value.

DEPARTMENTAL STORE PANTALOON PANTALOON RETAIL INDIA LTD.

HYPER MARKET BIG BAZAAR

SUPER MARKET FOOD BAZAAR

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

CATALOGUE DIRECT MAIL TELEMARKETING

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.

Pantaloon Retail India Ltd.