Shopper's Stop Limited - Securities and Exchange Board of India

channels of business either directly or indirectly for the purpose of selling and servicing for/of all
categories of products and services including travel and hospitality services, financial services and
dealing in all kinds of goods, materials and items in India and any part of the world.
SSDCIL was formed for selling apparel and accessories over the Internet based on the recognition that
this would be an important medium for sales, as an online extension of Shopper’s Stop Ltd. The website,
“www.shoppersstop.com” went live in the month of September 2000 and started transactions.
As the online sales were not commensurate with the total capital expenditure incurred, the company
incurred losses. As this venture did not yield desired results, its operations were discontinued in February
2001.
Shareholding Pattern
The shareholding pattern of SSDCIL as on the date of filing this draft Red Herring Prospectus with SEBI
is :
Sr. No Name of Shareholders No. of Shares of
face value of Rs.
10 each
1 Shopper’s Stop Limited 49,988
2 Shopper’s Stop Limited & Ravi C Raheja 2
3 Shopper’s Stop Limited & Chandru L. Raheja 2
4 Shopper’s Stop Limited & Neel C. Raheja 2
5 Shopper’s Stop Limited & B.S. Nagesh 2
6 Shopper’s Stop Limited & Upasna Trading Limited 2
7 Shopper’s Stop Limited & Shoppers Stop Services (India) Limited 2
TOTAL 50,000
SSDCIL is a 100% subsidiary of Shopper’s Stop Limited.
Board of Directors
The Board of Directors of SSDCIL as on the date of filing this draft Red Herring Prospectus with SEBI
consists of Mr. B.S. Nagesh, Mr. C. B. Navalkar, Mr. Y.E. Virani, Mr. Sanjay Badhe and Mr. Govind
Shrikhande.
The financial performance of SSDCIL as restated are given below:
(Rs.000’s, except per share data)
Year ending March 31
Particulars 2004 2003 2002 From the date of
incorporation
March 31, 2001
till
Sales of products traded in by the company Nil Nil Nil 570
Other Income 4000 Nil Nil 31
Exceptional and non recurring items Nil Nil Nil 11881
Total Sales, exceptional and other income 4000 Nil Nil 12482
Profit/(Loss) after tax 3993 (7) (360) (3669)
Equity Capital 500 500 --- ----
Profit & Loss Debit Balance (43) (4036) (4029) (3669)
Net Worth 457 (3536) (4029) (3669)
Earning (Loss) per share 79.86 (0.14) (6000) (61150)
Book value per share 9.14 (70.72) (67150) (61150)
94