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

Corporate Information
Shopper’s Stop Limited was incorporated on June 16, 1997 as a private limited company and became a
deemed public limited company pursuant to the provisions of Section 43(A) of the Act and on December
8, 1997 the word “private” was deleted from our Company’s name. Pursuant to an amendment in the year
2000 to the Act, our Company was converted into public company from a deemed public company. Our
registered office, and our Service Office is located at “Eureka Towers”, “B” Wing, 9 th Floor, Plot No. 504,
Mind Space, Link Road, Malad (West), Mumbai-400 064 (India) Tel. No. +91 –22- 2844 7337. Fax: +91 –
22- 2880 8877.
SUMMARY FINANCIAL DATA
The statutory financial statements of the Company prepared in accordance with Indian GAAP for the
Years ended March 31, 2000, March 31, 2001 and March 31 2002 were audited by M/s Arthur Andersen
& Associates, Chartered Accountants, (a member firm of Andersen Worldwide, an affiliation of accounting
Firms which has ceased operations). M/s Deloitte Haskins and Sells are our current auditors and have
audited our statutory financial statements for the year ended March 31, 2003 and March 31,2004.
Summary of unconsolidated Financial Data under Indian GAAP.
The following summary of unconsolidated financial data has been extracted from our audited
unconsolidated financial statements prepared in accordance with Indian GAAP, the Companies Act, and
restated as described in the Auditors Report of Deloitte, Haskins and Sells dated August 2, 2004 which is
included in the section entitled “Unconsolidated Financial Statements under Indian GAAP (including
subsidiaries) in the draft Red Herring Prospectus on page No 157-. You should read this summary
unconsolidated data in conjunction with our audited unconsolidated financial statements for the years
ended March 3,2000 to March 31, 2004 including significant accounting policies and notes thereto and
the reports thereon and the section entitled “Management‘s Discussion and Analysis of Financial
Condition and Results of Operations (As per Unconsolidated Financial statements under Indian GAAP)”
included in this draft Red Herring Prospectus.
Summary of Profits & Losses as restated for the years ended March 31, unconsolidated
2
(Rs. In Millions)
Particulars
Total Income
2004 2003 2002 2001 2000
Gross Retail Sales 3,954 2,949 2,402 2,098 1,533
Less : Cost of Consignment
Merchandise
708 291 282 213 138
3246 2658 2120 1885 1395
Other Retail Operating income 73 58 53 57 21
Other Income 18 23 40 35 13
Increase in inventories 111 158 55 40 4
TOTAL 3448 2897 2268 2017 1433
Less
Total Expenditure 3317 2791 2266 2247 1516
Net Profit -(Loss) before Tax 131 106 2 (230) (83)
Taxation- Current 10 - - - -
Net profit/-(Loss)after Tax(As
per Audited Accounts)
Impact on account of
adjustment required by
paragraph 6.18.7 (b) of
chapter VI of the Guide lines
Adjusted Profits -(Losses) for
the Year
121 106 2 (230) (83)
(1) (16) 5 15 (12)
120 90 7 (215) (95)
Accumulated Profits/-(Losses) (196) (286) (293) (78) 17
From previous Year
Balance carried to Summary (76) (196) (286) (293) (78)
of Assets & Liabilities
Summary of Assets & Liabilities as restated for the years ended March 31, unconsolidated