Interpersonal Conflict Resolution And Mediation - 1869 Words

Interpersonal Conflict Resolution and Mediation Conflict is a problematic situation that occurs between interdependent people who seek different goals or means to those goals. Conflict is inevitable as relationships become closer, more personal, and more interdependent, more conflicts occur, perceived trivial or minor complaints become more significant, and feelings become more intense. Conflict has many definitions (opposing viewpoints, when opponents engage in battle, going against one another in some fashion, incompatibility between the objectives of two or more characters or forces) and approaches (avoiding, accommodating, competing, collaborating, compromising). Interpersonal conflict is the disagreement between two people in respect to values and attitudes that leads to resentment. Definitions tend to imply that conflict is not a beneficial behavior in which to engage. However, proactively addressing conflict via mediation has been known to restore peace, enhance relationships, and bring cohesiveness to an otherwise divided team. In the study of conflict, one soon realizes that the workplace is often the perfect setting for conflict to occur. According to Wilmot and Hocker (2001), when assessing even a seemingly small interpersonal conflict, one can benefit from a careful and objective assessment. In many situations involving conflict, one party often has a significant amount of power over the other, resulting in an advantageous situation for the stronger party. ThisShow MoreRelatedDispute Resolution : A Conflict Diagnosis Approach1690 Words   |  7 PagesDispute Resolutions Many people go to litigation for resolving disputes without knowing the alternatives that may possibly be more beneficial to them. The textbook, â€Å"Alternative Dispute Resolution: A Conflict Diagnosis Approach† is a great book that defines and explains the different types of dispute resolutions that can be used to settle a conflict. Some of the dispute resolutions discussed in the book are suitable for specific disputes. And the different type of dispute resolutions has differentRead MoreStudents With An Optimum Learning Experience By Creating A Favorable Atmosphere1534 Words   |  7 Pagesfollowing subheadings: conflict, conflict resolution, peer mediation research, benefits of peer mediation, and peer mediation downfalls. The purpose of this literature review is to understand what conflict is and how it can be resolved peacefully. Conflict resolution can be taught using peer mediation framework to guide teachers and students. Peer mediation can be a positive experien ce for students but there are specific points to consider before implementation of a peer mediation program at schoolRead MoreWhat Situations Do You Believe Intervention Should Be Mandated? Voluntary?1742 Words   |  7 Pagesshould be mandated? Voluntary? This student believes that intervention should be mandated if the conflict or situation at hand rises to a level which could lead to physical and sometimes irreparable harm of one of the involved parties. A mandated intervention in this situation can be used to redirect negative communication and negative goals in an effort to restore a level of positive conflict resolution. In this student’s opinion an Organizational Intervention should be mandatory if company is boughtRead More Communication Patterns of Children During Conflict Essay examples1558 Words   |  7 Pageseventually their siblings or peers. Conflict is a part of life that children need to use to develop skills on resolving disagreements; conflict is not always bad. Peer conflict, however, can lead to aggressive behavior because of significant emotional and physical harm. Many youth lack the social skills needed to handle their aggravation. Peer conflict communicates joint disagreement or aggression between peers or peer groups. Peer conflict is characterized as conflict between people of equal or similarRead MoreConflict : Conflict And Conflict1160 Words   |  5 PagesConflict is a problematic situation that occurs between interdependent people who seek different goals or means to those goals. Conflict is inevitable as relationships become closer, more personal, and more interdependent, more conflicts occur, perceived trivial or minor complaints become more significant, and feelings become more intense. Conflict has many definitions (opposing viewpoints, when opponents engage in battle, going against one another in some fashion, incompatibility between the objectivesRead MoreResolving A Client Dispute Through Mediation1245 Words   |  5 PagesResolving a Client Dispute through Mediation Case â€Å"Your client is a businessman who owns a restaurant. His partner and head chef is claiming that he is not receiving his fair share of the profits – he and your client have a difference of opinion about the ownership of revenues from a catering business run out of the restaurant premises by your client and a different chef. Your client is quite anxious to retain the restaurant, which will be vulnerable to failure if he loses the chef, so you have suggestedRead MoreAdr Should Be The Prime Method Of Dispute Resolution Essay1470 Words   |  6 Pagesprime method of dispute resolution. Critically discuss in relation to ONE method of ADR (eg arbitration OR negotiation OR mediation). Conflicts are pervasive and are inevitable at times. Disputes and conflicts often occur in civil, commercial, and institutional matters for various reasons. Significantly, the most vital aspect is how we succeed and subdue those issues by carefully resolving them effectively. Contextually, Alternative dispute resolution (ADR) is a mode of conflict settlement which providesRead MoreI Am Grateful For Having Been Exposed By Dr. Muvingi1518 Words   |  7 Pagesthis book by Dr. Muvingi in my Mediation class. I like Kenneth Cloke, who is the Director of the Centre for Dispute Resolution in Santa Monica, California and is an experienced author and writer. I consider Mediating Dangerously is a call for action for mediators, this book offers a fresh vision to new and experienced mediators within the field of conflict analysis and resolution. Cloke explores the deeper foundations of the transformational process of mediation in order to discover what exactlyRead MoreEmployee Retention Rat es And The Quality Of Work910 Words   |  4 Pagestime at their place of business. The culture of the work environment plays a major role in an employee’s happiness, in addition company culture affects employee retention rates and the quality of work the organization produces. Issues such as conflict resolution is a major facet in employee satisfaction It is very important to try and ensure that the time employees are spending at work is both fruitful for the organization, as well as conducive to the staffs mental health. Disgruntled employees canRead MoreConflict Management, Interpersonal Communication, And Motivational Theories1106 Words   |  5 PagesThe reading of this forum presented concepts of conflict management, interpersonal communication, and motivational theories and their significance to the overall success of an organization. As we dig deeper into the material for leadership and management, the shining theme throughout our readings has been self-less leadership (Satterlee, 2013). This week, we focused on the importance of interpersonal communication, and conflict management. Owner, leaders, and managers must understand the importance

The Bombing of Hiroshima and Nagasaki - 700 Words

The Bombing of Hiroshima and Nagasaki The United States was completely unjustified in dropping the atomic bomb because it was used so we could have a sense of â€Å"power† over the rest of the world. President Harry Truman had paid no heed to his prior statements as to the intended use of the bomb; and not only had it violated the Hague Convention, but it also caused lifelong repercussions for Japan’s land and people. The United States, nearly 70 years later, has yet to apologize to the victims or their families or pay compensation for Japan’s tragic loss; and the United States has not acknowledged that the bombings of Hiroshima and Nagasaki were carried out in transgression of international law. Section 2, Chapter 1, Article 25 of the Hague†¦show more content†¦He and I are in accord. The target will be a purely military one and we will issue a warning statement asking the Japs to surrender and save lives. Im sure they will not do that, but we will hav e given them the chance. It is certainly a good thing for the world that Hitlers crowd or Stalins did not discover this atomic bomb. It seems to be the most terrible thing ever discovered†¦Ã¢â‚¬  (United States, National Archives and Records Administration) Although President Truman stated that the United States would issue a warning statement, they did no such thing. Only after the first bomb was dropped on Hiroshima on August 6, 1945, did the United States admit that they were going to drop another one only two days later. The Truman administration may have felt pressure due to the fact that the atomic bombs had cost $2 billion to develop (Jefferies) so if they did not utilize them within a certain amount of time, then the people may have felt like their money was wasted or that the United States had some ulterior motive for the usage of the bomb. However, even if the Truman administration was receiving public ridicule for spending billions of dollars, the deaths of thousands and thousands of innocent people in no way makes up for it. Not only had the bomb killed 100,000 in Hiroshima in the first ten seconds (Batten) and roughly 37,000 in Nagasaki, but it killed even moreShow MoreRelatedThe Bombing Of Hiroshima And Nagasaki1720 Words   |  7 PagesPart A: Plan of Investigation To what extent did the bomb that was dropped on Hiroshima and Nagasaki, Japan justified? The Manhattan project was the reason the bomb, ‘Little Boy’ and ‘Fat Man’ were dropped in Japan. The Manhattan project was created because America was frightened, that Germany was already creating nuclear bombs. (http://www.history.com/topics/world-war-ii/bombing-of-hiroshima-and-nagasaki) So, America started the project in 1949. The reason Japan became the target was because, JapanRead MoreHiroshima And Nagasaki Bombing Of Hiroshima1206 Words   |  5 PagesWar Two Hiroshima and Nagasaki Bombing The Bombing In 1945, the US dropped 2 atomic bombs on the cities Hiroshima and Nagasaki in Japan, causing hundreds of thousands civilian deaths. Some people say that this act helped to end the world war and save more lives, but others think that it was not needed and wasn t the cause of the Japanese surrender. Sequence of Events 5th August 1945 President gives approval to use bombs 6th August 1945 Bombing of Hiroshima 9th August 1945 Bombing of Nagasaki 15th AugustRead MoreThe Bombing Of Hiroshima And Nagasaki1902 Words   |  8 Pages Hiroshima and Nagasaki altered the course of world events by starting the Cold War, ushering advancements in technology, and by influencing cultures worldwide. Occurring on August 6 and August 9 in 1945, the bombing of the cities set of a series of events that would forever change history. The United States and the Soviet Union emerged from the war as superpowers with seemingly limitless power. Their ideologies, however, contrasted greatly, and the once allied nations would turn against each otherRead MoreThe Bombing Of Hiroshima And Nagasaki1474 Words   |  6 PagesNuclear Paper: The Bombing of Hiroshima and Nagasaki World War Two is arguably the most famous war in world history. It is remembered as a very tragic and influential historical event across the globe. Many countries joined the war at different times, but the general start date has been narrowed to the period of time between 1931 and 1939. The war was primarily between two main powers; the Axis nations, consisting of Nazi Germany, Italy, and Japan, and the Allied nations, led by Britain and CommonwealthRead MoreThe Bombing Of Hiroshima And Nagasaki1593 Words   |  7 Pages Bombing of Hiroshima On August 8th 1945 the first atomic weapon, a fission bomb, was dropped on the city of Hiroshima in an attempt to force the Japanese to surrender in World War II (Bombing of Hiroshima and Nagasaki, 2009). This event exposed the danger of nuclear energy. This massive explosion demolished 90 percent of the city and immediately killed 80,000 people. This was only the beginning though, tens of thousands of innocent people died due to the aftermath of radiation exposure for anotherRead MoreThe Bombing Of Hiroshima And Nagasaki1165 Words   |  5 Pagesnot entered the war at the time. It wasn’t until after the bombing of Pearl Harbor on December 7, 1941 that the U.S. had officially declared war on Germany and Japan. After Germany had agreed to an unconditional surrender, therefore ending the war in Europe, the U.S. was still at war with Japan and the U.S, hesitant to risk more American lives, made the difficult decision to drop the atomic bomb over Hiroshima and Nagasaki. Both bom bings resulted in the instant deaths of about 135,000 people andRead MoreThe Bombing of Hiroshima and Nagasaki888 Words   |  4 PagesThe Bombing of Hiroshima Nagasaki Would you kill a thousand to save millions? Well the drastic actions taken by the United States did save millions. There were two actions that had to occur to save the millions and end the war, the dropping of the two atomic bombs being the first of their kind were to be the most powerful bomb ever invented using atomic and nuclear forces so create it and packed over 20,000 tons of TNT and was about ten feet long. The bomber that transported and dropped themRead MoreThe Bombing Of Hiroshima And Nagasaki1051 Words   |  5 PagesThe bombing of Hiroshima and Nagasaki is one of the most talked about events in human history. It was the first and last time an atomic bomb was used in the history of the world. The bombing did not only mark the end of a battle with the Japanese but provided humanity a first-hand preview into the effects of the man-made device. Since the bombing there have been many discussions such as: who should possess such power, will mankind be the reason for its own d emise, and why did America decide to useRead MoreThe Bombing Of Hiroshima And Nagasaki1559 Words   |  7 Pagesalready been devastated by airstrikes. It was hoped that the bombing of Hiroshima with an atomic weapon would cause Japan to finally surrender unconditionally. That did not happen. Three days later on Aug 9, 1945 Nagasaki was bombed with the second atomic bomb. Japan surrendered unconditionally Aug 14, 1945. The United States had already been bombing Japan for years with a net effect worse than the outcome of Hiroshima and Nagasaki, but Japan did not show any signs of surrendering. Why did theRead MoreThe Bombing Of Hiroshima And Nagasaki1174 Words   |  5 PagesMorality of The Bombings in Hiroshima and Nagasaki There have been various arguments regarding the bombing of Hiroshima and Nagasaki that continually surface as to whether it was necessary or morally right to drop the atomic bomb on Japan. Depending upon whose side of the argument you have heard causes one to question whether this was a morally right or wrong decision that was made. Serious reconciliation is needed due to this event, and both sides of the argument need to be strongly considered

Com225 Assignment Free Essays

In 3 days, I violated the rules of communications in 3 different situations when messages to welcome myself next to people I did not know were delivered non-verbally. I specifically acted against norms of proxemics. Proxemics is the area of nonverbal communication that focuses on space and distance and a person’s personal space. We will write a custom essay sample on Com225 Assignment or any similar topic only for you Order Now It is where you evaluate how intimate the relationship of two people interacting. The closer you get the higher the intimacy level the people must have. Day 1: There was a male student sitting by himself on a bench outside of a lecture hall reading Newspaper.   For the most part, there weren’t any other students around and there were two empty benches nearby. I wanted to see his reaction when I sat next to him very closely and looked over his shoulder to check out what he was reading.   While I looked over the article, he slowly turned his head and looked at me then back at the article.   He then laughed a little and asked what I was doing. I smiled and I didn’t say anything and kept looking at his face.   He was trying to avoid eye contacts with me and prepared to leave. I explained to him what I was doing and about my goal to break norms of nonverbal communication to unsuspecting individuals.   He thought it was funny and said that I definitely did make him feel very uncomfortable as well as very confused. Day 2: The next stop on my nonverbal communication norm-breaking project was in the Student Union.   There were two young women eating dinner at a nearby table.   There was an empty table next to them and students eating at other tables around them.   The two women were mid-conversation when I took a seat next to them at their table.   Not saying a word, I simply sat down and waited. Their initial reaction was confused and they stared at each other.   One of the girls pointed to me and opened her eyes wide to her friend as if to ask â€Å"Do you know her?†Ã‚   When they realized that I was a complete stranger to both of them and just invited myself to sit down and join in their dinner conversation, they started laughing and reacted with a confused â€Å"Hi!†Ã‚   They stared and waited for a response and then I started laughing with them and explained what was going on and why. The two young women said how awkward they felt when a complete stranger joined them at their table for dinner. Day 3: The next stop on my project was in front of my apartment. There was a girl who was talking on the phone. I tried to stay too close to her and then I pretended to listen to her phone conversation. For the first time, she looked at me and she tried to make a little more distance from me. However, I kept going closer to her and thus invaded her personal area. Finally, she went inside of Starbucks. When we found her inside of the coffee shop, she was still using her phone and she kept ignoring us. After her phone conversation, we explained to her about our nonverbal communication project and asked her a question about her feelings.   She said that it was uncomfortable, and she felt that I was invading her privacy and too close to her personal space. From the both situation, people felt that they were surprised and uncomfortable as well. I knew that I did inappropriate things that we normally won’t do in our lives. Intimate distance was invaded as I sat very close to the young man on the bench reading the newspaper and casual distance was made awkward as I put myself at this distance with two young women where I welcome myself at their table same as with a girl who I met in front of Starbucks conversing whom I did not know. The young man sitting on the bench and the talking on the phone prepared to leave or left because I think they don’t want anyone invading their privacy, especially a person they don’t know. The girls on the table were quite confused so I think they thought that I am just being friendly with them so they said â€Å"hi.† I think they did what a normal person would do in those situations. While I’m doing the exercise, I’ve thought that breaking communicative rules like proxemics could result to sending a wrong message. Like what I did when I welcome myself by sitting on a table where two girls were sitting. They conceived a message that I’m being friendly to them. But what if, you just have to sit there because there were no other sits available. The interaction would be unhealthy.          How to cite Com225 Assignment, Essay examples

Information System Analysis and Design-Free-Samples-Myassignment

Question: Develop an online Information System for enhancing the Working structure of the Club to reduce the cost spent on Material and Manpower. Answer: Introduction The objective of the project is to develop an online information system for enhancing the working structure of the club to reduce the cost spent on material and manpower. Approach to system development Existing system: The traditional working structure of the club is facing problem in continuing their day to day activities. The publishing of the newsletter does not take place on time. The dissatisfaction in the club members is getting increasing (Brown, 2016). The information about the club is not efficiently retrieved by the president. The management of document using spread sheet is a time consuming activity. Enhancement in the new system: The new system should have the functionality of: Developing list of members and sport players Developing the list of articles related to the upcoming newsletters Advertisements required to be published in the newsletter Editing of the newsletter and the related members Developing the list of email address of the associated members of the club Developing the list of the associated members of the club who do not have the email address System Requirement Functional Requirement: Home page: The home page should have images of the sports club which helps in attracting new members towards the club (Rosode, 2014). Admin Login page: The admin login page provides the authorisation to the admin to retrieve desired information related to customers and club. The admin can update the information about the activities and the services provided to the customers. Admin home Page: The home page of the admin should have menus like members, newsletters, Report, activities schedule, Query portal, report, and other (Wu, 2010) Admin update members: The members can be added and deleted according to the admin Newsletter: Publishing of the newsletter. Adding Gallery: The snapshots of the sports activities can be added to the portal of the cub Admin Feedback page: This page helps in predicting the positive and negative impact on the customers Member login page: The member can login into their account according to their own requirement for knowing the schedule of the activities, and others. Home page of the member: It carries the information related to the schedule of activities, gallery, newsletter, about us, contact us, feedback, query, and others Registration: The new members of the club can efficiently do their registration by using the online portal of the club (Salmon, 2012). Non-Functional Requirement: Retrieval of information and data can be easily carried out Developing the user friendly environment for the members and non-members of the club. Providing compatibility Providing availability of information Cost Benefit Analysis of the project From the research and analysis of case study we analysed that the estimated cost of the new project is $ 60000. The new system helps in reducing the cost of spent on staffing about $ 2000 and increasing the profit of the club by $ 1000 per month. The overall increase in the income of the club is about $ 2000 + $ 1000 i.e. about $ 3000. The maintenance of the club requires the investment of $ 1200 per month. From the table below we can analyse that the implementation of the new system will increase the profitability of the club by associating new members with the organization. The following table shows the analysis of the cost with respect to benefits: Costs Benefits Development of the risks Resources availability Implementation of risk responses Commitment Consistency Maintenance Continuation Improved predictability of the project Delivering the project successfully Enhancing the satisfaction of the customers. Growth of the business Motivation of the team Enhancing reputation of the company The table below shows the cost benefit analysis of the club: Benefits Amount Minimizing in the staff $ 24000 Increasing profit $ 12000 6% Discount $ 3600 Increasing number of customers $ 25000 Total $ 64600 Cost Amount In the development of the system $ 20000 Training and development program $ 5000 Annual operating cost $ 13000 Annual maintenance cost $ 12000 Total $ 50000 Project Schedule The development of the online information system for the club is divided into 6 stages which are named as planning , analysis, designing, coding and testing, implementation, and documentation. Every stage is equipped with number of sub-activities which should be performed in the sequential order to deliver the project on time. The development of the project helps in attracting new customers with the aid of snapshots and images on the portal (Patel, 2013). Work Breakdown structure Online club information system Activities Sub-activities Planning Initialization of planning process Development of the work plan Development of the risks identification and management plan Feasibility analysis Analysis Analysis of the requirement Collection of data Collection of detailed requirement Collection of business requirement Development of hardware and software requirement Designing Development of user friendly interface for the members and non-members of the club Development of database design Development of project design on the basis of functional and non-functional requirement Coding and testing Programming of the project Testing of the software Testing of the performance Implementation Implementation Installation Training and development program Documentation Documentation of the system information Documentation of the user information Gantt chart: System information Requirement investigation techniques Stakeholder Internal stakeholders: President Manager Staff IT professionals Owner External stakeholders: Members and non-members Suppliers sponsors Investigating technique There are three investigating techniques used in the project which is discussed below: Listening and interviewing investigating technique: These techniques help in analysing the problems faced by the customers in traditional working of the club (Yang, 2011). The effective interview can be conducted by preparing the interview questions regarding the enhancement and functionalities required by the customer in the new system. Interviews arranged with the high professional and top level management helps in getting knowledge about the functions which should be accompanied in the new model of the system. It is less costly and helps in analysing the real problems faced by the customers in their daily working schedule due to the improper management of distribution of newsletter and advertisements of the club. Questionnaire: The number of members and non-members are involved for analysing the requirement faced by them with the traditional working program of the club. The set of questions are provided to the group of people and by analysing the answers we can predict the real problem faced by the members (Nikolic, 2013). This is the cost effective technique of data collection. Analysis of the documents: The feedbacks and the reviews of the customers plays an important role in developing requirement specification because by analysing it we can easily predict the good and the bad point of the traditional program and what is the expectation of the customers with the new developed program. Surveys: The arrangement of survey for knowing the working culture of the other clubs helps in determining the requirement of the project which can keep the club ahead of their competitors (Smithurst, 2013). Reflection and conclusion: The designing of the new system for the club provides the compatibility to the president for accessing and retrieving information about the members efficiently. The problem of publishing the newsletter on time is resolved. The members who do not have the mail ID can directly visit the portal of the club to get required information about the activities schedule of the club to avoid confusion. The recommended project is completely feasible to the cost benefit analysis. The work breakdown structure helps in delivering the project on time without any delay. The problems faced by the traditional working of the club can be resolved with the deployment of new information system within the club. References Brown, S. (2016). Web information system and e-community for poulton town sports club. 1st ed. [ebook] Cisco Press. Available at: https://minerva.leeds.ac.uk/bbcswebdav/orgs/SCH_Computing/FYProj/reports/0506/Brown.pdf [Accessed 18 Aug. 2016]. Nikolic, Z. (2013). Information design of football club information system. 1st ed. [ebook]. https://imtuoradea.ro/auo.fmte/files-2013-v2/NikolicZ-IMT-%20Oradea-2013.pdf [Accessed 18 Aug. 2016]. Patel, D. (2013). A project presentation on sports club. 1st ed. [ebook] Cisco Press. Available at: https://gnu.inflibnet.ac.in/bitstream/123456789/2257/1/SPORT%20CLUB.pdf [Accessed 18 Aug. 2016]. Rosode, A. (2014). Club management system report. 1st ed. [ebook] Cisco Press. Available at: https://www.ams.ubc.ca/wp-content/uploads/2010/07/395-15-Clubs-Management-Software-Final-Report.pdf [Accessed 18 Aug. 2016]. Salmon, J. (2012). Automated club booking and enquiry system. 1st ed. [ebook] Cisco Press. Available at: https://minerva.leeds.ac.uk/bbcswebdav/orgs/SCH_Computing/FYProj/reports/0102/salmon.pdf [Accessed 18 Aug. 2016]. Smithurst, B. (2013). A web based sports centre booking system. 1st ed. [ebook] Cisco Press. Available at: https://minerva.leeds.ac.uk/bbcswebdav/orgs/SCH_Computing/FYProj/reports/0203/Smithurst.pdf [Accessed 18 Aug. 2016]. Wu, S. (2010). Club management system project report. 1st ed. [ebook] Cisco Press. Available at: https://sites.google.com/site/bcafinalyearproject/project-report/club-management-system-project-reprot [Accessed 18 Aug. 2016]. Yang, G. (2011). A study of how information system facilitate football club. 1st ed. [ebook] Cisco Press. Available at: https://bada.hb.se/bitstream/2320/9270/1/2011MAGI21.pdf [Accessed 18 Aug. 2016].

Environmental Theory Essay Example

Environmental Theory Paper The environment plays a big role whether or not the patient would develop Surgical Site Infections. (Brenner Standard, 2008). The postoperative period extends from the time the patient leaves the operating room (OR) until the last follow-up visit with the surgeon. This may be as short as one week or as long as several months. During the postoperative period, nursing care focuses on reestablishing the patients physiologic equilibrium, alleviating pain, preventing complications, and teaching the patient self-care. Careful assessment and immediate intervention assist the patient in returning to optimal function quickly, safely, and as comfortable as possible. (Brenner Standard, 2008). According to The American Academy of Tautologys-?Head and Neck Surgery (AAA-HANS, 30 years ago, approximately 90% of tonsillectomies in children were done for recurrent infection; now it is about 20% for infection and 80% for obstructive leap problems (OSHA). The rise in the incidence of tonsillectomy is one of the major phenomena of modern surgery, for it has been estimated that 200,000 of these operations are performed annually in this country and that tonsillectomies form one-third of the number of operations performed under general anesthesia in the United States. There are, moreover, features in the age, geographical and social distribution of the incidence, so unusual as to justify the decision of the Section of Epidemiology to devote an evening to its discussion. Glover, 2008) The environmental aspects of Nightingales theory ventilation, warmth, quiet, diet, and cleanliness) remains a significant component of current nursing care until today. These concepts, even from the 21st, showed significance as the global society encounters new issues of disease control. Like for instance, sanitation and water treatment somehow controlled sources of diseases and sickness. In places such as clinics and hospitals, the control for room temperatu re for an individual patient is also considered. We will write a custom essay sample on Environmental Theory specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Environmental Theory specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Environmental Theory specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Also, the same environment, though it contains technology that helps for recovery, may create uncomfortable noise that would affect the leaning process. Nightingales theory has been used to provide general guidelines for all nurse practitioners for a number of years. The universality of her concepts still remains relevant except for some specific activities. The concept of the nurse, patient and environment are still applicable and relevant in all nursing settings today. Florence Nightingale believed that disease was a reparative process; disease was natures effort to remedy a process of poisoning or decay, or a reaction against the conditions in which a person was placed. Nightingale did not provide a definition of nature. In her ratings, she often capitalized the word nature in her writings, thereby suggesting that it was synonymous with God. However, when she used the word nature without capitalization, it is unclear whether or not the intended meaning is different and perhaps synonymous with an organic pathological process. Nightingale believed that nursing role was to prevent an interruption of the reparative process and to provide optimal conditions for its enhancement. Nightingale felt that nurses needed to be excellent at the observation of their patients and the environment. She also believed that persons desired DOD health and that they would cooperate with the nurse and nature to allow the reparative process to occur or alter their environment to prevent disease. Nightingale strongly believed that appropriate manipulations of the environment would prevent diseases; this concept underlies modern sanitation activities. Octavia Ballista, 2008) As nursing practice moves toward a caring paradigm, nurses seek creative ways in which to create healing environments for their patients. Nurses look to nursing roots for guidance and knowledge. Nightingales environmental adaptation theory Of mind-body-spirit integration with environmental factors, including auditory, visual, olfactory, sensory, tactile, and cognitive modalities, provides a framework for actualization caring-healing practices in a transposable caring model. Schmuck, 2009) As an infection control nurse of a regional hospital, the researcher was eager to know the effectiveness of Nightingales theory which is said that her approach could help fight infection in modern hospitals. She also intended to find out how such measures could be applicable in the present hospital setting. This study is aimed to apply environmental factors of Florence Nightingale for post-tonsillectomy patient In order to speed up the recovery, decrease expenses, and lower the chances of readmission. Statement Of the problem General The study aimed to determine the application of Florence Nightingales Environmental Theory to a post-tonsillectomy patient on the month of September 2013. Specific Objectives Specifically, the study sought to answer the following questions: 1 . What is the comprehensive health history of the post-tonsillectomy patient? 2. What are the current situations of the environment of the post-tonsillectomy patient on the following aspects: a. Ventilation Warmth b. Light c. Cleanliness d. Health of Houses e. Noise f. Bed Bedding Personal Clean lines g. . Variety I. Chattering Hopes Advices j. Taking Food k. Petty Management I. Observation of the Sick 3. What are the nursing and applied interventions designed in the aforementioned environmental aspects? 4. What is the influence of the aforementioned environmental aspects to the recovery of the post- tonsillectomy patient? Significance of the Study The study is beneficial to the following: Post-tonsillectomy P atient. This study will benefit the patient in a way that he ill have faster recovery during a critical phase of his hospitalizing. This will enhance his recovery in a natural way using environmental factors thus decreasing additional hospitalizing costs. Patients Family. Patients folks will benefit from this study as they will be educated on how to utilize their environment at the hospital and as well as at home to help in the recovery of their patient since they are the ones who have close encounter with the patient. Healthcare providers. This study will help healthcare providers to focus more on the improvement of external factors of the environment that old affect their patient and his healing process. This study would serve as a basis for patients care to help patients recover faster. Nursing Educators. This study will aid in developing insights about environmental intervention that could greatly help in the patients optimum health recovery. This can also be helpful to future researchers as a basis of their study and to nursing instructors for their lectures. Present Researchers. Researchers can benefit from this study as they can compare and correlate certain findings and recommendations that resulted from this paper whichever relevant to their own study. Community Leaders. This study could be helpful to community leaders when it comes to concerns in their communitys health, sanitation and other environmental aspects that they are combating their community. Being educated with this study, they can also impart to the population groups in their area the importance of maintaining sanitation and good hygiene in their own houses and surroundings as well as to family members that would need hospitalizing. Hospital Administrators. It is important for hospital administrators to be knowledgeable enough of the ideal set-up of hospital wards that would be advantageous to the patients, which are considered to e the most important people in the institution. Nursing Service Personnel. This study is very beneficial to the Nursing Service of hospitals since this IS focused on nurses initiative in implementing the said theory in caring for the patients. In this chapter the theoretical framework, conceptual literatures and research studies that are relevant to the project paper are presented. It includes result of the researchers view of concepts and studies which are deemed significant to the present study in terms of content, methodology and procedures. The researchers readings of the reviewed materials also provided her basis in analyzing her own data as well as in coming up with interpretations of data and recommendations based on data results. Conceptual Framework There were various literatures related to Nightingales Environmental theory. Her renowned nursing skills were honed on the dirty and chaotic battlefields of the Crimean war. But Florence Nightingale could still teach modern hospitals a thing or two about infection control, according to an expert. DRP Jack Gilbert, head of an international project to categorize all now bugs, said modern hospitals could lower rates of infection by being slightly less sterile. Sterile conditions in wards and operating theatres may be doing more harm than good by wiping out organisms that keep dangerous microbes at bay, he believes. Opening windows and allowing fresh air into wards could boost populations of good bacteria which help keep harmful bug populations under control, he explained. DRP Gilbert said: Theres a good bacterial community living in hospitals and if you try to wipe out that good bacterial community with sterilization agents and excessive antibiotic use you actually lay waste to this green field of protective layer. Then these bad bacteria can just jump in and start causing hospital borne infections. The theory mirrors advice from Florence Nightingale who her 1 860 work Notes on Nursing wrote of the importance of keeping patients windows open and allowing a breeze in. A study published last month by University of Oregon scientists found that rooms in clinics where windows were left open had a wider range of bacteria, while those that were kept sealed had a higher proportion of potentially harmful germs. Proof Mark Inherit, a microbiology expert from Bath University, said ensuring a good air flow in hospitals was important, but said that describing them as too clean would be quite an extreme view. (Collins, 2013) The concept of environmental influences on healing has been known since Florence Nightingale (1970), a nursing leader, cared for soldiers of the Crimean War. New generations of critical care units are being designed to promote healing in a humanistic manner that can meet the holistic needs of patients and their families. The interaction between humans and the different environments in which they are placed has long en known. Florence Nightingale was famed for her focus on sanitation and other aspects of the environment that contribute to the health and healing Of the patients. She was not only a leader in improving sanitation and ventilation, but was also instrumental in bringing forth the body-and-mind connection. She understood that the environment played a central role in a patients healing of body and mind. Nightingale went on to influence the healthcare environment by varying the patients visual perspective, utilizing color and natural light more effectively, and eliminating excessive noise. This early nursing leader was passionate about the nurses role to create a milieu that would give a patient the best opportunity to heal. Environmental Noise Unnecessary noise, or noise that creates an expectation in the mind, is that which hurts a patient. Such unnecessary noises undoubtedly induced or aggravated delirium in many cases. (Nightingale, 1970) Noise is one of the most insidious environmental stresses found in the hospital environment. On any ward, noxious noises can include the hum of medical equipment; bubbling of chest tubes; staff conversations; pagers and intercom systems; inning of telephones; opening and closing of doors, cabinets, and supply carts; and even the clattering sounds from the wheels of a passing cart. These unfamiliar and unexpected noises can startle anyone, but especially a patient already stressed from a physiological strain. Designing a critical care environment that supports a healing atmosphere by reducing ambient noises takes into consideration many design elements, such as flooring ceiling material, and doors and nursing station placement (Amaze, 2002). Creating a cue True among the staff that fosters a healing environment includes encouraging behaviors that decrease unnecessary noise, such as keeping hallway conversations low, especially at night; avoiding over-the-bed conversations; turning pagers to vibrate; avoiding the use of overhead paging; turning off unused biomedical equipment; and modifying or repairing unnecessarily loud equipment (Peterson, 2000). Environmental Light Second to their need for fresh air is their need for light T is not only light but direct sunlight. The usefulness of light in treating the disease is all important. (Nightingale, 1970) Light, like sound, can have both positive and negative influences on the human body and mind. All living things need light to exist, and light contrasted with darkness guides the tempo of the bodys 24-hour circadian rhythm. Providing natural light or full-spectrum light is the best choice. Light has healing properties, and light therapy has been instituted as part of the tre atment plans of many diseases. Many forms of light exist, and a variety of therapies that use light are being studied. Photocopying therapy is being tested at the Baylor Research Foundation in the treatment viruses, and light therapy is being used to treat seasonal affective disorder and insomnia (Streetwalker et al. , 2005). Available lighting options are nearly endless, thanks to changing technology, miniaturization of components and systems, and the wide variety of lighting choices available. Meeting the lighting needs of patients and caregivers is not the difficult challenge it has been in the past. Color in the Environment Little as we know about the way in which [we are] affected by form, by color, and by light, we do know this-?that they all have an actual physical effect. People say the effect is only on the mind. It is no such thing. The effect is on the body, too. Variety of form and brilliancy of color in the objects presented to patients are actual means of recovery. (Nightingale, 1970) The relationship between light and color dictates that neither can exist without the other. In fact, light and color enhance each others life and energy. There are seven colors in the visible spectrum of light: red, orange, yellow, green, blue, indigo, and violet; all of these colors are present in visible light. The response of the body and mind to color is influenced by cortical activation, the autonomic nervous system, and hormone activation. Color evokes emotional responses that produce feelings of serenity or agitation that can aggravate or alleviate stress Color can also affect an individuals motional state, inducing cheerfulness, agitation, or calmness (Streetwalker et al. ). Nightingale reportedly used brilliantly colored flowers as a therapy for recovery. Over the centuries, various cultures have used color for its healing powers. Color has electromagnetic energy that can influence healing in similar ways to sunlight. The field of chromatograph uses color as a therapeutic tool in the treatment of various disorders (Fontanne et al. , 2001). Science is in the beginning stage of investigating colors healing nature. Color by design can be used to supplement the existing light in patient rooms and contribute to the healing milieu. Environmental Landscape That they [patients] should be able, without raising themselves or turning in bed, to see out a window from their beds, to see sky and sunlight at least, if you can show them nothing else, I assert to be, if not of the very first importance for recovery, at least something very near to it. (Nightingale, 1970) Staring at the same four walls can have just as deleterious a consequence on a patients recovery as the chaotic environment produced in the critical care environment. Creating a healing milieu in the critical care environment necessitates that clear consideration be given to the design Of he environmental landscape as well as the feelings and emotions of the individual enmeshed in that environment. A revolutionary study by Lurch (1984) found that postindustrial patients recovered more quickly when exposed to a window view than did those without this view, suggesting that changing the healthcare landscape reduces stress and has a positive effect on medical outcomes, including speed of recovery, and reductions in length of stay and cost. Air Quality The first essential to the patient, without which all the rest that you can do for him is nothing. Keep the air he breathes as pure as the external air. (Nightingale, 1970) The human sense of smell is inexorably linked with the environments in which people live. The information received through the senses evokes physiological responses and feelings. Scents stimulate the olfactory system and can trigger an immediate response (Buckle, 2001 The sense of smell plays a significant role in how humans perceive and react to environments in which they are placed. The basic medicinal smells of a hospital environment evoke strong reactions without even considering the potential for additional noxious odors. Just the hospital smell can produce anxiety and increase art rate and respiration, let alone the reactions to the smell of blood, vomit, feces, and infections. Other suggestions include removing offensive odors from the immediate environment as quickly as possible and providing other, more pleasant odors to supersede the noxious ones, such as vanilla, lavender, and mint.

Peter England Shareholders Essay Example

Peter England Shareholders Essay Example Peter England Shareholders Essay Peter England Shareholders Essay DETAILED PUBLIC STATEMENT TO THE PUBLIC SHAREHOLDERS OF applied to the Ministry of Corporate Affairs, for change of its name from Peter England Fashions and Retail Limited to Pantaloons Fashion Retail Limited. The application is under process. f) Pursuant to the arrangements contemplated under the Scheme, ABNL, through its wholly owned subsidiary, ITSL continues to hold a controlling stake in PEFRL, (a subsidiary of ITSL), post the demerger of the Business from FRL into PEFRL. Prior to the effectiveness of the Scheme, the Acquirer held 100% of the Equity Shares of PEFRL. Subsequently, pursuant to the effectiveness of the Scheme, inter alia, the Business was demerged into PEFRL, the Equity Shares were issued to FRL Equity Shareholders and FRL DVR Shareholders (as defined below) based on the share entitlement ratio mentioned in the Scheme, and the ITSL OFCDs as described above stood converted. As per the post-demerger shareholding pattern , the Acquirer holds 50. 09% in PEFRL prior to the Offer. FRL Equity Shares are equity shares of FRL having a par value of Rs 2/- each and having one vote each FRL DVRs are equity shares of FRL classified as Class B shares (Series 1) of a par value of Rs 2/- each with every four FRL DVRs having voting rights equal to three FRL Equity Shares, and every FRL DVR having the right to receive 2% additional dividend than every FRL Equity Share; FRL Equity Shareholders are shareholders of FRL holding FRL Equity Shares FRIL DVR Shareholders are shareholders of FRL holding FRL DVRs The Offer is being made as a matter of good corporate governance by the Acquirer and PAC to provide an exit opportunity to the public equity shareholders of PEFRL, other than the promoters of FRL (Equity Shareholders) The Scheme was approved by FRL Equity Shareholders and FRL DVR Shareholders in the meeting held on December 6, 2012. Further, the Scheme has been sanctioned by the High Court of Judicature at Bombay pursuant to their Order dated March 1, 2013 and has become e ffective on April 8, 2013. All the Equity Shares validly tendered and accepted in this Offer will be acquired by the Acquirer only. The Acquirer was already in control of PEFRL prior to the effectiveness of the Scheme, and will continue to be in control of PEFRL post the effectiveness of the Scheme and the completion of the Offer. The Acquirer, along with ABNL, PEFRL, and FRL had jointly filed notice for the proposed combination with the Competition Commission of India on October 8, 2012 (the proposed combination being the transactions contemplated under the Scheme of Arrangement, including this Offer). By way of its letter dated December 21, 2012, and bearing Combination Registration Number C-2012/10/82, the Competition Commission of India has granted its approval to the proposed combination. Details of the proposed Offer The details pertaining to the publication of the DPS on April 23, 2013 are as below: Newspaper Business Standard Business Standard Navshakti b. Language English Hindi Marathi Editions All All Mumbai PETER ENGLAND FASHIONS AND RETAIL LIMITED* Regd. Office: 701-704, 7th Floor, Skyline Icon Business Park, 86-92 Off A. K. Road, Marol Village, Andheri East, Mumbai – 400 059. Tel: +91 8652905000, Fax: +91 8652905400. *Vide an online application dated April 11, 2013, the company has applied to the Ministry of Corporate Affairs, for change of its name from â€Å"Peter England Fashions and Retail Limited† to â€Å"Pantaloons Fashion Retail Limited†. The application is under process. g) Offer for acquisition of up to 23,114,868 equity shares (Offer Shares), comprising 24. 1% of the paid up equity share capital of Peter England Fashions and Retail Limited (PEFRL / Target Company) to the public Equity Shareholders of PEFRL, pursuant to the sche me of arrangement (Scheme) between Future Retail Limited (formerly known as Pantaloon Retail (India) Limited) (FRL / Demerged Company), PEFRL and their respective shareholders and creditors, and Indigold Trade and Services Limited (ITSL/ Acquirer) as shareholder of the Resulting Company, as sanctioned by the High Court of Judicature at Bombay on March 1, 2013 (Offer). The Offer is being made by ITSL and Aditya Birla Nuvo Limited (ABNL / PAC). Pursuant to the Scheme, FRL Equity Shareholders and FRL DVR Shareholders (as defined herein) of FRL (formerly known as Pantaloon Retail (India) Limited) have been issued and allotted 1 fully paid up equity share of Rs. 10/- each of PEFRL for every 5 fully paid up FRL Equity Shares / FRL DVRs held by them. This detailed public statement (DPS) is being issued by JM Financial Institutional Securities Private Limited, the advisor to the Offer (Advisor), for and on behalf of the Acquirer and the PAC. If you require any clarification about the action to be taken, you may consult your stock broker or investment consultant or the Registrar to the Offer. The Equity Shares of PEFRL are proposed to be listed on the BSE and NSE and the BSE and NSE have provided their respective No- objection certificate to the Scheme vide their letters dated October 9, 2012 and October 1, 2012 respectively. The Equity Shares are expected to be admitted for listing and trading post the completion of the Offer process, subject to regulatory compliances. Pursuant to the Scheme and after the Effective Date (as defined herein), PEFRL has issued and allotted 4,63,16,518 fully paid up equity shares of Rs. 0/- each to the FRL Equity Shareholders and FRL DVR Shareholders thereby increasing the issued and paid up capital of PEFRL to 9,27,93,529 fully paid up equity shares of Rs 10/- each. PEFRL shares have been allotted to the FRL Equity Shareholders and FRL DVR Shareholders on April 19, 2013. The Acquirer was al ready in control of PEFRL prior to the effectiveness of the Scheme, and will continue to be in control of PEFRL post the effectiveness of the Scheme and the completion of the Offer. Risk Factors: Public shareholders of PEFRL are advised to refer to the Offer Letter for risk factors relating to the Demerger, the Offer and the probable risks involved in associating with the Acquirer. I. 1. a. ACQUIRER, PAC, AND TARGET COMPANY INDIGOLD TRADE AND SERVICES LIMITED (ACQUIRER) The Acquirer is a public limited company incorporated as Madura Garments International Brands Company Limited on May 10, 2007 under the Companies Act, 1976 (Companies Act). The name of the Acquirer was changed to Indigold Trade and Services Limited on June 14, 2010. The registered office of the Acquirer is situated at Regent Gateway, Plot No. 5B, Doddanekundi Village, KIADB Industrial Area, ITPL Road, Bangalore-560 048, Karnataka. The Acquirer is promoted by ABNL and belongs to the Aditya Birla Group. The main objects of the Acquirer include the following: To carry on in India and elsewhere the business of buyers, manufacturers, importers, dealers, traders, sellers, Regulation-sellers, packers, re-packers, brand agents, exporters, wholesalers, retailers, agents (by whatever name called), istributors, exclusive right holders and / or the like, in all types of apparel , sanitary and lifestyle merchandise T o carry on in India and elsewhere the business of branded merchandise, by operating, whether directly or through any other means, chains of stores, outlets, showrooms, supermarkets, hypermarkets, mega markets, large format retail stores, discount stores, and any other wholesale and / or retail experience, in or though multiple market and / or marketing channels To offer comprehensive, turnkey and end-to-end solutions regarding sale, purchase, dealing, display, wholesale, trading, retailing, export, import, and the like, of garments, fashion apparel, fashion products, life style products, lifestyle accessories, fashion accessories, general merchandise and all other merchandise dealt with by the company The shareholding pattern of the Acquirer as of March 31, 2013 is as follows: S. No. Shareholder Category 1 e. Promoter Aditya Birla Nuvo Limited jointly with its Nominees* * including 2,900,000 partly paid-up shares for Rs 4. 30/- each. The Acquirer has not been prohibited by the Secu rities and Exchange Board of India from dealing in securities, in terms of directions issued under Section 11B of the Securities and Exchange Board of India Act 1992 (SEBI Act), as amended, or under any of the regulations made under the SEBI Act The brief audited financial details of the Acquirer for a period of the last three financial years and auditor certified results for the 9 months ended December 31, 2012 is as follows. Rs Lakhs) Particulars Total Income Profit After Tax Basic and Diluted Earnings Per Share (Rs) Networth g. 2. a. The Acquirer is not a listed company. ADITYA BIRLA NUVO LIMITED (PAC) ABNL is a public limited company incorporated as the Indian Rayon Corporation Limited on September 26, 1956 under the Companies Act, 1956. The name of the PAC was changed from The Indian Rayon Corporation Limited to Indian Rayon and Industries Limited on January 23, 1987, as the company had diversified into various businesses such as textiles, insulators and cements. Subsequently, the name of the PAC was again changed on October 27, 2005 to Aditya Birla Nuvo Limited. The new name reflects the companys conglomerate status as ABNL has various diversified businesses directly or through its subsidiaries / Joint Venture companies such as the Garments business, Carbon Black, Viscose Filament Yarn, Insulators, Textiles, Fertilisers, Information Technology, Business Process Outsourcing, Life Inurance, Financial services and Telecom business. The main objects of ABNL are enlisted in detail in the Offer Letter. The registered office of ABNL is situated at Indian Rayon Compound, Veraval, Gujarat 362 266. ABNL is promoted by Mr. Kumar Mangalam Birla and Birla Group Holdings Private Limited and belongs to the Aditya Birla group. The shareholding pattern of ABNL as of March 31, 2013 is as follows: Sr. No. Shareholder Category Promoter and Promoter Group Indian Foreign (A) Total Promoter and Promoter Group Public Shareholding Institutions (Mutual Funds / FIs / Banks, Insurance Companies / FVCIs / FIIs / Others) Non-Institutions (B) Total Public Shareholding Total (A) + (B) Shares held by Custodians and against which Depository Receipts have been issued Promoter and Promoter Group Public (C ) Total Grand Total (A + B + C) 1,425,000 1,757,052 3,182,052 120,213,187 NA NA NA 1. 19% 1. 46% 2. 65% 100. 00% 18,458,434 52,406,438 117,031,135 15. 77% 44. 78% 100. 00% 15. 35% 43. 59% 97. 35% 64,624,697 33,948,004 55. 22% 29. 01% 53. 76% 28. 24% 64,624,697 Nil 55. 22% Nil 53. 6% Nil No of Shares Held % of Shares Held % of Shares Held As a % of As a % of A+B A+B+C 9 Months Ended Year Ended Year Ended Year Ended Dec 31, 2012 March 31, 2012 March 31, 2011 March 31, 2010 (Audited) (Audited) (Audited) (Audited) 68. 80 24. 13 4. 48 (99. 48) (3. 95) 418. 96 20. 24 1. 01 207. 68 (8. 65) (0. 43) 187. 44 ( 3. 33) (0. 60) 196. 09 No of Shares Held 103,00,000* % of Shares Held 100% 2. The share capital structure of PEFRL as of the date of this DPS is as follows: Paid Up Equity Shares of PEFRL Fully Paid Up Equity Shares Partly Paid Up Equity Share Total Paid Up Equity Shares Total Voting Rights No. of Equity Shares/Voting Rights 92,793,529 Nil 92,793,529 92,793,529 % of Equity Shares/Voting Rights 100% Nil 100% 100% i. ii. iii. iv. h) i) 3. The equity shares of PEFRL are presently not listed on any stock exchange. However, as per the Scheme, the shares issued by PEFRL in terms of Clause 12 of the Scheme and the shares held by shareholders of PEFRL prior to such issuance will be listed and admitted to trading on the Stock Exchanges, where the shares of FRL are presently listed and admitted to trading i. e. BSE and NSE and all necessary applications will be made in this respect by the PEFRL. There are no outstanding convertible instruments convertible into equity shares of PEFRL. The Acquirer was already in control of PEFRL prior to the effectiveness of the Scheme, and will continue to be in control of PEFRL post the effectiveness of the Scheme and the completion of the Offer 4. j) k) l) 5. 6. PEFRL is a party to the Scheme, more particularly described in Section III of this DPS. Other than as stated above, there were no mergers, de-mergers, and / or spin-offs involving PEFRL in the last 3 years The brief audited financial details of PEFRL for a period of the last three financial years and auditor certified results for the 9 months ended December 31, 2012 is as follows: (Rs Lakhs) Particulars Total Income Profit After Tax Basic Earning Per Share (Rs) Diluted Earnings Per Share (Rs) Shareholder’s Funds 9 Months Ended Year Ended Year Ended Year Ended Dec 31, 2012 March 31, 2012 March 31, 2011 March 31, 2010 (Audited) (Audited) (Audited) (Audited) 5,128. 08 1,881. 69 1,279. 87 1,905. 72 3,010. 24 602. 05 602. 05 3,130. 67 122. 30 21. 64 21. 64 120. 43 1. 22 (1. 63) (1. 63) 12. 23 (2,537. 44) (33. 20) (33. 20) 11. 01 2. a. 7. 8. As of December 31, 2012, PEFRL did not have any contingent liabilities. The pre and post offer shareholding pattern of PEFRL, as on the date of this DPS s as follows: Shareholders Category Shareholding Shareholding Shares / votin g rights Shareholding / voting voting rights voting rights post the proposed to be rights after the prior to the scheme Scheme (ie. including acquired / sold in the Scheme, conversion conversion of the Offer (Assuming Full of ITSL OFCDs, and ITSL OFCDs) Acceptance) Offer (A) (B) (C) (B)+(C)=(D) No ITSL (2) Public a. FIs/MFs/FIIS/ Banks/SFIs (2) b. Others Total (a+b) Grand Total (1 + 2) Notes: 1. Based on the shareholding pattern of PEFRL as of April 19, 2013 2. Includes Mutual Funds / UTI, Financial Institutions / Banks, Insurance Companies, FIIs 3. The total number of public shareholders of the Target Company as of April 19, 2013 is 50,585 4. The promoters of the Demerged Company shall not be entitled to participate in the Offer SUMMARY FINANCIAL INFORMATION OF THE PANTALOONS BUSINESS Summary divisional financial information of the Pantaloons Business (as more particularly described in Section III of this DPS) for the 6 month period commencing from the Appointed Date i. e. July 1, 2012 and ending on December 31, 2012 are as follows. The Appointed date of the Scheme is July 1, 2012 and Effective date is April 8, 2013. During the aforesaid period, as per the terms of the Scheme, the conduct of the Business was managed by FRL (erstwhile PRIL) in the ordinary course. The financial information presented below pertains to a part of this period and is provided by the management of PEFRL based on information received from FRL. Please note that the financial information below is unaudited and has been provided only as additional information to the Equity Shareholders Rs in Crores Particulars Total income from operations (net) Total expenses Profit from operations before other income and finance costs Other income Finance costs Profit / (Loss) from ordinary activities before tax Profit After Tax Earnings Per Share (Rs) Reserves and Surplus Notes: 1. 2. 3. 4. 5. Inter Division stock transfer between divisions has not been considered as purchase or sales for the purpose of above financial results. Tax expenses have been provided for the company as a whole and not allocated to various formats. Other expenses includes Rs. 3. 87 crores towards loss on discard of fixed assets of closed stores. Management has allocated proportionate head office expenses towards personnel cost and rent to Pantaloons Format on estimated basis As provided in the opening Financial Statements, annexed as Schedule 1 to the Scheme, the Business had total loans of Rs. 1,600 Cr as of June 30, 2012. Since then, a sizeable portion of the loans have been retired as per the terms of the transaction. Accordingly, the finance costs may not be comparable to that of the post Demerger financial statements of PEFRL 5. 6. 4. As on 6 months ended Dec 31,2012 (Unaudited) 839. 85 779. 26 60. 60 0. 01 95. 48 (34. 87) NA NA (34. 87) 3. 2. IV. 1. d. 500,000 Nil Nil Nil 500,000 (%) 100. 0% Nil Nil No (%) No 23,114,868 (%) No (%) c. d. b. c. i. Given that prior to the Offer, the Acquirer holds 50. 9% of the Voting Capital of PEFRL, this Offer is being made for 24. 91% of the Voting Capital of PEFRL, so as to ensure that in the event there is 100% tendering in the Offer, then the post Offer public shareholding of PEFRL is not below the statutory prescribed minimum of 25%. The voting capital of PEFRL comprises 92,793,529 fully paid up equity shares of Rs 10/- each of PEFRL, being the fully diluted equity share capital of PEFRL (Voting Capital) Pursuant to the Offer, the Acquirer will acquire the Offer Shares under the Scheme making a cash payment at a price of Rs 175/- (Rupees One Hundred and Seventy Five only) per Equity Share. The Offer is being made to the Equity Shareholders of PEFRL. The Equity Shares to be acquired under the Offer must be free from all lien, charges and encumbrances and will be acquired together with the rights attached thereto, including all rights to dividend, bonus and rights offer declared thereof All Equity Shares up to the Offer Shares and up to the Offer Closing Date validly tendered by the Equity Shareholders will be accepted at the Offer Price by the Acquirer in accordance with the terms and conditions contained in the DPS and the Offer Letter. For the purpose of the Offer, a special depository account has been opened by the Registrar to the Offer with Axis Bank in the name and style of LIIPL – PFRL Offer Escrow Demat Account. The DP ID is IN300484 and the Client ID is 16816072 There are no partly paid up Equity Shares in PEFRL. This Offer is not subject to any minimum level of acceptance. Further there is no differential pricing for this Offer Object of the Offer Prior to the Effective Date, PEFRL was a wholly owned indirect subsidiary of ABNL, held through ITSL. ABNL is engaged inter alia in the fashion lifestyle business and is one of the premium apparel brand players in India. ABNL manufactures and sells apparel under various brands through exclusive brand outlets as also stores. The demerger of the Demerged Undertaking to PEFRL will expand the variety of its offering in the market and complement its existing portfolio. Further, it will enable wider distribution of products and give a wider choice to the consumers and enable business to build on their systems and processes to improve efficiencies. The stores operating under the brand name Pantaloons and derivates thereof would remain operational and the Acquirer and PAC through PEFRL would be entitled to continue carrying the same brands as before the proposed demerger. The Offer is being made as a matter of good corporate governance by the Acquirer and PAC to provide an exit opportunity to the Equity Shareholders of PEFRL. Post completion of the Offer, the Acquirer along with the PAC, may explore possibilities to strategically integrate the business of PEFRL within the Acquirer group to maximize synergy of operations. However, as of the date of this DPS, the Acquirer cannot ascertain the repercussions, if any, on the employees and locations of the Target Companys places of business. The Acquirer hereby confirms that presently, post listing of the Equity Shares, it does not have any intention of delisting the Equity Shares of PEFRL. The Acquirer may dispose-off or otherwise encumber any assets or investments of the Target Company, through sale, lease, reconstruction, restructuring, amalgamation, demerger and/or renegotiation or termination of existing contractual/operating arrangements, for restructuring and/or rationalizing the assets, investments or liabilities of the Target Company, to improve operational efficiencies and for other commercial reasons. The Board of Directors of the Target Company will take decisions on these matters in accordance with the requirements of the business of the Target Company. OFFER PRICE AND FINANCIAL ARRANGEMENTS The offer price as provided under the Scheme as approved inter-alia by FRL Equity Shareholders and FRL DVR Shareholders in the meeting held on December 6, 2012, and approved by the High Court of Judicature at Bombay is Rs 175/- (Offer Price) per fully paid up equity share of PEFRL having a face value of Rs 10/- each (Equity Shares). The Offer Price is higher than the price at which the ITSL OFCDs have been converted into equity shares of PEFRL. Assuming full acceptance of the offer, the total funds requirements is Rs 404,51,01,900- (Rupees Four hundred and four crore fifty one lakh one thousand and nine hundred only) (Maximum Consideration) and the same is not subjected to differential pricing. The Acquirer has provided a bank guarantee dated April 18, 2013 for an amount of Rs. 02,00,00,000/- (Rupees one hundred and two crore only) from Axis Bank Limited, having its head office at 3rd floor, Trishul, Opposite Samrtheswar Temple, Law Garden, Elli s Bridge, Ahmedabad 380 006 and a corporate banking branch at Ground Floor, Axis House, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai 400 025, in favor of the Advisor (the Bank Guarantee). The Bank Guarantee is valid until July 15, 2013. The Advisor has been duly authorized to realize the Bank Guarantee. The Acquirer undertakes that in case the Offer process is not completed within the validity of Bank Guarantee, then the Bank Guarantee will be further extended at least up to thirty (30) days from the date of completion of payment of consideration to shareholders who have validly tendered the Equity Shares held by them in PEFRL in this Offer. The Acquirer has also opened a cash escrow account in the name and style of Peter England Fashions and Retail Limited Open Offer Escrow Account (Escrow Account) with Axis Bank Limited having its head office at 3rd floor, Trishul, Opposite Samrtheswar Temple, Law Garden, Ellis Bridge, Ahmedabad 380 006 and a corporate banking branch at Ground Floor, Axis House, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai 400 025 (Escrow Bank) and made a cash deposit of an amount of 5,00,00,000/- (Rupees five crore only) being more than 1% of the Maximum Consideration (Cash Escrow Amount). The Advisor has been duly authorized to realize the value of the aforesaid Escrow Account. The Acquirer has made firm financial arrangement for financing the acquisition of Equity Shares under the Offer. The Acquirer proposes to fund the Offer out of funds available with the Acquirer group (being Acquirer and the PAC). M/s P N Jhaveri Associates, Chartered Accountants (Membership number: 107374, Tel. No. : +91 22 22041840), having office at Shiv Sadan, Flat #1, Ground Floor, C Road, Churchgate, Mumbai 400 020, vide certificate dated April 18, 2013, have certified that adequate and firm financial resources are available with the Acquirer to enable it to fulfill its financial obligations under this Offer TERMS AND CONDITIONS OF THE OFFER Operational Terms and Conditions As per the schedule of activities, the tendering period will commence on May 7, 2013 and will close on May 20, 2013 (Tendering Period). The Equity Shares offered under this Offer should be free from all liens, charges, equitable interests, encumbrances and are to be offered together with, if any, of all rights of dividends, bonuses or rights from now on and declared hereafter This is not a conditional Offer and there is no stipulation on any minimum level of acceptance The Identified Date for this Offer as per the tentative schedule of activity is April 20, 2013 The marketable lot for the Equity Shares of the Target Company for the purpose of this Offer shall be 1(one only). The Equity Shareholders who tender their Equity Shares in acceptance of this Offer shall not be entitled to withdraw such acceptance. Locked in Equity Shares To the best of our knowledge, there are no Equity Shares of PEFRL that are both eligible to be tendered in the offer, and locked-in Eligibility for accepting the Offer A letter of offer (Offer Letter) shall be sent to all Equity Shareholders / beneficial owners holding Equity Shares (except the FRL Promoters, the Acquirer and PAC) whose names appear in the register of PEFRL as on the Identified Date. (Pursuant to the Scheme, PEFRL has issued and allotted 46,316,518 fully paid up equity shares to the FRL Equity Shareholders and FRL DVR Shareholders on April 19, 2013). The Offer Letter shall be only sent to the Indian addresses of the Equity Shareholders. Equity Shareholders holding shares in dematerialized form are required to update their Indian addresses with their Depository Participant (DP) and Equity Shareholders holding shares in physical form with the registrar and transfer agent of the Target Company. All Equity Shareholders/Beneficial Owners who own Equity Shares of PEFRL and are able to tender such Equity Shares in this Offer at anytime before the closure of the Offer, are eligible to participate in this Offer. The Form of Acceptance and other documents required to be submitted, herewith, will be accepted by Registrar to the Offer between 10:00 AM to 1. 00 PM and 2. 00 PM to 5:00 PM on working days (Monday to Friday) during the Tendering Period. Equity Shareholders may submit applications on plain paper however these must be accompanied with the letter, from the depository participant of the respective shareholder addressed to the Registrar requesting transfer of shares under Suspended ISIN (Depository Participant Letter). The format of the Depository Participant Letter is enclosed in the Form of Acceptance provided ith the Offer Letter. The Offer Letter and Form of Acceptance are also available on the website of the Registrar to the Offer at www. linkintime. co. in The acceptan ce of this Offer by the Equity Shareholders of PEFRL must be absolute and unqualified. Any acceptance to this Offer which is conditional or incomplete in any respect will be rejected without assigning any reason whatsoever The acceptance of this Offer is entirely at the discretion of the Equity Shareholder(s) /Beneficial owner(s) of PEFRL. The Acquirer and Registrar to the Offer accept no responsibility for any loss of Equity Share Certificates, Forms of Acceptance, Share Transfer Deed etc. uring transit and the Equity Shareholders of PEFRL are advised to adequately safeguard their interest in this regard The acceptance of Equity Shares tendered in the Offer will be made by the Acquirer in consultation with the Registrar to the Offer The instructions, authorizations and provisions contained in the Form of Acceptance constitute part of the terms of the Offer For any assistance please contact the Registrar to the Offer. Statutory and Other approvals To the best knowledge and belief of the Acquirer and PAC as of the date of this DPS, there are no statutory approvals required to implement this Offer. If any statutory approvals are required or become applicable prior to completion of this Offer, this Offer would also be subject to the receipt of such statutory approvals This Offer shall stand withdrawn in the event a binding order of court or governmental authority of competent jurisdiction is received directing the withdrawal of the offer. However, currently there are no circumstances to believe that such an event would occur Continued on next page ii. 1) Promoter group / Acquirer 46,477,011 50. 09% 14,410,618 15. 53% (23,114,868) (24. 91%) 31,905,900 34. 38% This will depend on the response from each category e. iii. 24. 91% 69,591,879 75. 00% f. g. 3. a. d. Nil 46,316,518 49. 91% (23,114,868) (24. 91%) 23,201,650 25. 00% 100. 0% 92,793,529 100. 00% Nil Nil 92,793,529 100. 00% f. b. c. II. 1. 2. b. c. d. e. III. 1. a) DETAILS OF THE OFFER Background of the Offer The Scheme of Arrangement was approved by the Board of Directors of FRL, PEFRL, and ITSL on September 9, 2012. An Implementation Agreement was entered into between ABNL, ITSL, FRL, PEFRL, Future Corporate Resources Limited and PIL Industries Limited on September 29, 2012. The Scheme pursuant to Sections 391 to 394 and other applicable provisions of the Companies Act, and as per the provisions of Section 2(19AA), Section 47 and other applicable provisions of the Income Tax Act, 1961, inter alia provided for: The transfer by way of demerger of the Demerged Undertaking (as defined herein) from FRL to PEFRL (more particularly described in Part B of the Scheme) Upon effectiveness of the Scheme, the Offer (more particularly described in Part C of the Scheme) Various other matters consequential or integrally connected therewith, including the reorganisation of the share capital of PEFRL. Demerged Undertaking means the undertakings, business, activities and operations of FRL pertaining to the Business on a going concern basis, and as described in detail in the Scheme. Business means the fashion retail business of FRL undertaken under the brand name Pantaloons and variations thereof (including, Pantaloons Fresh Fashion) from dedicated retail stores (which inter alia, as of June 30, 2012 constituted 90 operating stores which includes factory outlets and 18 stores which are under process), both in value and lifestyle segments, retailing a range of clothing and apparels in mens, ladies, and kids wear in both western wear and ethnic wear categories, lifestyle products, home products and accessories to each category under brands, labels and trademarks belonging to FRL or licensed from members of the Future Group as well as third party brands, labels and trademarks including, inter alia, owned brands of FRL and licenses of third party brands of products being sold, contracts with suppliers and vendors, delivery and warehousing arrangements, information technology, and such other activities and undertakings required for undertaking the foregoing on a pan- India basis The shares of PEFRL are presently not listed on any stock exchange, and this Offer is made pursuant to the Scheme; consequently, the Offer is not governed by the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Accordingly, the Offer Letter (as defined herein) will not be submitted to the Securities and Exchange Board of India. The key salient features of the Scheme are as follows: The Scheme, which came into effect on and from April 8, 2013 (Effective Date), inter alia, provided for the demerger of Demerged Undertaking of FRL on a going concern basis into PEFRL, pursuant to Sections 391 to 394 and other applicable provisions of the Companies Act, 1956 in the manner provided for in the Scheme. Upon the Scheme coming into effect, in consideration of the transfer of the Demerged Undertaking by FRL to PEFRL in terms of the Scheme, PEFRL issued and allotted to each Equity Shareholders whose name appeared in the records of FRL or as beneficiary in the records of the depositories of FRL in respect of the shares FRL on the Record Date, 1 (one) equity share of Rs. 0/- each, credited as fully paid in the capital of PEFRL, for every 5 (five) fully paid up FRL Equity Shares/ FRL DVRs (as defined below) held by them in FRL (the Share Entitlement Ratio). FRL shall continue, upto the Effective Date, to conduct the busine ss of the Demerged Undertaking in the ordinary course. As an integral part of the Scheme, the share capital of PEFRL was restructured and reorganized in the manner set out in the Scheme, including: Upon the Scheme coming into effect, the authorised equity share capital of PEFRL was increased from Rs. 10,00,00,000/- (Rupees Ten Crores Only) to Rs. 100,00,00,000 (Rupees One Hundred Crores Only). Prior to the demerger, ITSL held 800 (eight hundred) optionally fully convertible debentures, of Rs. ,00,00,000 (Rupees One Crore each), of PEFRL convertible into 4,59,77,011 (Four Crores Fifty Nine Lakhs Seventy Seven Thousand and Eleven) equity shares of Rs. 10 (ten) each of PEFRL ( ITSL OFCDs). Upon the Scheme coming into effect, the ITSL OFCDs were converted into 4,59,77,011 (Four Crores Fifty Nine Lakhs Seventy Seven Thousand and Eleven) equity shares of Rs. 10 (ten) each of PEFRL. The equity shares of PEFRL are proposed to be listed on the BSE and the NSE pursuant to the Scheme On or aft er the Effective Date, but prior to the listing of PEFRL, the Acquirer and/or its Affiliates may make an Offer to the public shareholders of PEFRL based on the price per share of Rs. 175/- (One Hundred and Seventy Five only). The number of equity shares of PEFRL accepted by the Acquirer in terms of the Offer shall not exceed the Offer Shares. It is hereby clarified that if the number of equity shares tendered exceed the Offer Shares, then the Acquirer shall be entitled to accept the equity shares on a proportionate basis taking care to ensure that the basis of acceptance is decided on a fair and equitable manner. The decision of the Board of Directors (or a committee thereof) of the Acquirer in this behalf shall be final and binding. The promoters of the Demerged Company shall not be entitled to participate in the Offer. b) V. 1. a. b. c. d. e. f. 2. a. 3. a. i. ii. ii. c) Note: Additionally, as of March 31, 2013, there are 9,820,000 warrants held by the promoter group, representing 7. 55% of the total number of shares of ABNL assuming full conversion of warrants. f. The brief audited financial details of ABNL for a period of the last three financial years and limited review results for the 9 months ended December 31, 2012 is as follows. (Rs Crores) Particulars 9 Months Ended Year Ended Year Ended Year Ended Dec 31, 2012 March 31, 2012 March 31, 2011 March 31, 2010 (Unaudited) (Audited) (Audited) (Audited)1 7,385. 41 8,623. 22 6,522. 10 4,898. 26 239. 27 21. 08 21. 06 6,293. 45 345. 39 30. 43 30. 41 5,678. 9 379. 69 35. 84 34. 98 5,400. 75 283. 40 28. 81 27. 62 4,661. 51 Total Income Profit After Tax Basic Earning Per Share (Rs) Diluted Earnings Per Share (Rs) Shareholder’s Funds Notes: d) e) i. 1. Audited figures for FY10 have been reported under the then prevailing Schedule VI format g. As of December 31, 2012, ABNL has the following contingent liabilities: Particulars Claims against the company not acknowledged as debts A B C D h. i. j. k. In respect of Income Tax matters In respect of excise custom matters In respect of service tax matters In respect of sales tax matters 39. 89 76. 35 8. 48 28. 63 (Rs in Crores) b. c. ii. d. iii. iv. i) ii) ABNL is presently listed on the BSE Limited (BSE) (Scrip Code: 500303) and the National Stock Exchange of India Limited (NSE) (jointly with BSE, the Stock Exchanges) (Ticker: ABIRLANUVO), ISIN: INE069A01017) ABNL has complied with the conditions of corporate governance as stipulated in clause 49 of the listing agreements with the Stock Exchanges. ABNL has not been prohibited by the Securities and Exchange Board of India from dealing in securities, in terms of directions issued under Section 11B of the SEBI Act, or under any of the regulations made under the SEBI Act The details of the Compliance Officer of ABNL are as follows: Name: Tel: Fax: Email: Mr. Devendra Bhandari 022 -66525000 022-66525821 devendra. [emailprotected] om Address: A-4 Aditya Birla Centre, S. K. Ahire Marg Worli, Mumbai 400 030 e. f. g. h. i. j. 4. a. v. vi. 3. 1. PETER ENGLAND FASHIONS AND RETAIL LIMITED (TARGET COMPANY) Peter England Fashions and Retail Limited (CIN: U18101MHPLC2007233901) is a public limited company incorporated on April 19, 2007 under the Companies Act. The name of the company has not been changed since incorporation. Vide an online application dated April 11, 2013, the company has applied to the Ministry of Corporate Affairs, for change of its name from Peter England Fashions and Retail Limited to Pantaloons Fashion Retail Limited. The application is under process. The registered office of PEFRL is situated at 701-704, 7th Floor, Skyline Icon Business Park, 86-92 Off A. K. Road, Marol Village, Andheri East, Mumbai 400 059. b. vii. As per the Scheme, the name of PEFRL is to be changed to PANTALOONS FASHION RETAIL LIMITED post approval by the concerned registrar of companies. Vide an online application dated April 11, 2013, the company has Continued c. Subject to the receipt of statutory approval, the Acquirer and PAC shall complete all procedures relating to this Offer within 10 working days from the date of closure of the tendering period to those Equity Shareholders whose share certificates and/ or other documents are found valid and in order and are accepted for acquisition by the Acquirer. The Acquirer shall be responsible to pursue all statutory approvals required by the Acquirer in order to complete this Offer without any default, neglect or delay Where any statutory approval extends to some but not all the Equity Shareholders, the Acquirer shall have the option to make payment to such Equity Shareholders in respect of whom no statutory approvals are required in order to complete this Offer Date April 20, 2013 April 23, 2013 April 26, 2013 May 6, 2013 May 7, 2013 May 20, 2013 May 27, 2013 June 3, 2013 8. b. 6. the closure of the Tendering Period, i. e. , not later than May 20, 2013 in accordance with the instructions to be specified in the Offer Letter and in the Form of Acceptance The Form of Acceptance along with Share Certificates / copy of delivery instruction to DP and other relevant documents shall be sent to the Registrar to the Offer only. The same shall not be sent to the Acquirer, PAC, Advisor or PEFRL. Procedure for acceptance of this Offer by Equity Shareholders/owners of Equity Shares who have sent Equity Shares in physical form for transfer or those who did not receive the Offer Letter: In case of non-receipt of the Offer Letter, beneficial holders holding Equity Shares in dematerialized form, may send their applications in writing to the Registrar to the Offer, on a plain paper stating the name, address, number of Equity Shares held, number of Equity Shares offered, DP name, DP ID, beneficiary account number and photocopy of the delivery instruction in Off-market, or counterfoil of the delivery instruction in Off-market mode, duly acknowledged by the DP, in favor of the special depository account opened by the Registrar to the Offer for receiving Equity Shares tendered during the Offer (Special Depository Account), along with duly acknowledged letter by his/her Depository Participant addressed to the Registrar instucting the Registrar to facilitate the transfer of securities he ld under Suspended ISIN (the format of which is a part of the Form of Acceptance, which may be obtained from the website of the Registrar at www. linkintime. co. in, so as to reach the Registrar to the Offer on or before the date of closure of the Offer. Also alternatively, the Equity Shareholders may apply on the Form of Acceptance obtained from the website from the Registrar at www. inkintime. co. in In case of non-receipt of the Offer Letter, the eligible person(s), holding Equity Shares of the Target Company in physical form, may send his / her / their consent on plain paper stating the name, address, number of Equity Shares held, distinctive numbers, certificate numbers and the number of Equity Shares offered along with the share certificates, duly signed transfer forms and other required documents to the Registrar to the Offer so as to reach them on or before the date of closure of the Offer. Also, alternatively, the Equity Shareholders may apply on the Acceptance Form obtaine d from the website of the Registrar at www. inkintime. co. in The number of equity shares of PEFRL accepted by the Acquirer in terms of the Offer shall not exceed the Offer Shares. It is hereby clarified that if the equity shares tendered exceeds the Offer Shares, then the Acquirer shall be entitled to accept the equity shares on a proportionate basis taking care to ensure that the basis of acceptance is decided on a fair and equitable manner. The decision of the board of directors (or a committee thereof) of ITSL in this behalf shall be final and binding. The detailed procedure for tendering the shares in the Offer will be available in the Offer Letter. ADVISOR TO THE OFFER d. e. 7. a. VI. TENTATIVE SCHEDULE OF ACTIVITIES Activity Identified Date* Publication of Detailed Public Statement (DPS) in the newspapers Date by which Offer Letter will be dispatched to Equity Shareholders Date of publication of the Offer Opening Public Announcement (announcement of the commencement of the Tendering Period) Date of commencement of Tendering Period (Offer Opening Date) Date of expiry of Tendering Period (Offer Closing Date ) Last Date for publication of post offer public announcement in the newspapers where the DPS has been published Date by which all requirements including payment of consideration would be completed JM Financial Institutional Securities Private Limited 141, Maker Chambers III, Nariman Point, Mumbai – 400 021 Tel: +91 22 6630 3030 Fax: +91 22 2202 8224 Contact Persons: Ms Lakshmi Lakshmanan / Ms. Feliciana Fernandes Email: pfrl. [emailprotected] com REGISTRAR TO THE OFFER *The Identified Date is for the purpose of determining the Equity Shareholders as on s uch date to whom the Offer Letter would be mailed. VII. PROCEDURE FOR ACCEPTANCE AND SETTLEMENT 1. The Offer Letter with the Form of Acceptance will be mailed to the Equity Shareholders, whose names appear on the register of members of PEFRL and to the beneficial owners of the Equity Shares whose names appear in the beneficial records of the respective depositories as of the close of business on the Identified Date. Equity Shareholders can also download the Offer Letter and the Form of Acceptance from the website of the Registrar at www. linkintime. co. in or obtain a copy from the Registrar to the Offer. Equity Shareholders who wish to accept this Offer can hand-deliver the Form of Acceptance along with the other documents required to accept this Offer, at any of the collection centers mentioned in the Offer Letter so as to reach the Registrar to the Offer during business hours on or before 5. 00 pm on May 20, 2013, i. e. the closure of the Tendering Period, in accordance with the procedure as set out in this DPS and in the Offer Letter. Equity Shareholders who cannot hand deliver their documents at the collection centers referred to above, may send the same by registered post with acknowledgement due or by courier, at their own risk and cost, to the Registrar to the Offer at its address as mentioned below so as to reach the Registrar before close of business on May 20, 2013 i. e. the closure of the Tendering Period. Equity Shareholders who wish to tender their Equity Shares, held in physical form, will be required to send the Form of Acceptance, original share certificate(s) and transfer deed(s) duly signed to the Registrar to the Offer, either by hand delivery or registered post on weekdays, at their sole risk, so as to reach the Registrar to the Offer, on or before 9. VIII. OTHER INFORMATION The Acquirer and PAC accept full responsibility for the information contained in this DPS and also for fulfillment of the obligations of the Acquirer as laid down herein. The Acquirer and PAC shall be jointly and severally responsible for ensuring compliance with the obligations laid down herein. This DPS and the Offer Letter (including Form of Acceptance) will be made available on the Registrars website at www. linkintime. co. in. All capitalized terms used in this DPS but not defined herein will have the same meaning as defined in the Offer Letter. 2. 3. 4. 5. Place: Mumbai Date: April 22, 2013 Link Intime India Private Limited C-13, Pannalal Silk Mills Compound LBS Marg, Bhandup (West), Mumbai 400 078 Tel: +91 22 25967878, Fax: +91 22 25960329 Contact Person: Mr. Pravin Kasare Email: pefrl. [emailprotected] co. in

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Impact of culture on international marketing - Essay Example While globalisation was bringing in a radical economic change the globe over it was perhaps gradually contributing to the design of an international bond by unfastening the intra national social bonds primarily in terms of opening marketing interfaces to cultures across the world resulting in comprehension and exchange of elements from other cultures. Thus economic forces enabled international marketing to get energized and, which in turn, set in the challenging assignment of making commercial sense out of cultures to which wares were marketed. Devetak and Higgott explain how globalisation has brought about a weakening of an intra national social bond. They further posit that ongoing process of globalisation causes constant disruption in existing social bond. It is their view that "under conditions of globalisation, assumptions made about the social bond are changing; .... the article concludes that the prospects for a satisfactory synthesis of a liberal economic theory of globalisat ion, a normative political theory of the global public domain, and a new social bond are remote"(Devetak & Higgott 1999). Again, in a slightly different context, Phillip W.Jones makes a statement which is extremely relevant to the definition of globalisation in present context. Jones states that," The logic of globalisation contrasts markedly with that of internationalism. The latter, with its intrinsically democratic foundation, looks to a world ordered by structures supportive of that functionalism which is embedded in accountability. Globalisation, by contrast, implies few logical imperatives in favour of accountability, but rather looks to the pursuit of interest on the global level through the operation of unfettered capitalism"(Jones,1998).According to Jones view international marketing efforts in new cultural milieu would fall in the category of 'globalisation' as defined by him. However multinational corporations take a broader view of their international marketing efforts and venture in new international markets only after completing a thorough study of local cultures. New technological develo pments, improvements in communication, growth in transnational infrastructure and liberalizing of trade and capital flows have enabled entrepreneurs the globe over to deploy and run their capitals chasing markets the globe over. The globalisation aligned attitudes of IMF and World Bank are exemplified with clarity by Jean-Claude Trichet, President of the European Central Bank, when he says that," The key aim of today's policy makers has not changed compared to those at the Bretton Woods times - it has been, and still is, global prosperity and stability - but the environment in which we are acting has changed profoundly......Today we are striving for stability of the international financial system in a world of free capital flows with a growing importance of private flows and increasing trade and financial integration"(Trichet, 2004). As Roby says," world-wide output and trade have grown apace with market openings and the rise of efficient global business networks these past 15 years. An entrepreneurial class is energizing once-stagnant command economies" (Roby, 2005). It is at once apparent that this 'entrepreneurial class' is essentially limited in number the globe over. They also have limited spheres of influence. Consider for instance, the

The Deepwater Horizon Oil Spill Essay Example | Topics and Well Written Essays - 2500 words

The Deepwater Horizon Oil Spill - Essay Example Systems to address construction project risk†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.5 a. Technology†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦5 b. People†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦6 c. Planning†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.6 IV. Catastrophic failure fault tree†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 V. Discussion of fault tree†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..7 a. Reduce risks†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...8 b. Mitigate risks†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..8 c. Avoid risks†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.9 VI. Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..9 VII. Appendix†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦..10 VIII. References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..11 Introduction The Deepwater Horizon disaster was triggered by failure of the sea-bed oil gusher to control the flow of oil following the 20th April 2010 blowout of the oil drilling rig. The incident, blamed on failure of the rig owner to rein in the warning signs and put in place adequate risk prevention and management programs, killed almost a dozen crew members and injured several others. The development then resulted in a massive leakage of oil into the sea, resulting in an unfathomable environmental disaster in the Gulf Sea. The catastrophic failure of the BP Oil drilling rig was generally the most dangerous ever in the history of offshore oil drilling projects. Sources of construction project risk a. Timeline On January 30th 2010, the Deepwater Horizon transferred its equipment to about 45 miles off the Louisiana coast in order to begin oil drilling operations at the Macondo well (Owens, 2012). In early April, an assessment was carried out to ascertain rig’s condition after Transocean Ltd., the chief operator the facility saw it wise to do so. On April 15, a cement job expert at the well-site travelled abroad to attend a conference on rig management techniques (Balaguer, 2010). A Halliburton’s employee specialized in designing cement job for plugging the well against spills, advised BP that the site needed 21 stabilizers to position the drill pipe at the centre, but BP superiors overruled his decision and directed the work to continue with only six centralizers in place. On April 18, Halliburton carried out a vital test on the cement that was set for use, but denied BP some of the results. Meanwhile the company advised BP that the well was at risk of leaks if the work proceeded with fewer than the earlier recommended 21 centralizers. On April 19, the drilling work was completed to the desirable depths. This paved way for installation of the casing and pumping of the cement to stabilize the rig. Whereas, the work was behind schedule by more than a month, finishing touches were done on 20th April. However, the well immediately failed, and triggered a blowout (Owens, 2012). b. Costs Transocean through Triton Asset Leasing Company was managing the rig. However, BP entered into a contract to use the rig for three years off the Louisiana coast. The contract was valued at $544 million, for the equipment only, with employees, supporting gear and other vessels costing