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

How Important Are Sex Education Practices Young People Essay

How Important Are Sex Education Practices Young People Essay Sex education is a broadly used term that can be used to describe education about human sexual anatomy, sexual reproduction, sexual intercourse, reproductive health, emotional relations, reproductive rights and responsibilities, contraception, and other aspects of human sexual behavior. Some of the common avenues for sex education are parents or caregivers and school programs. The question this essay is going to assess is whether sex education be allowed to be taught in primary schools, this is because nowadays young people do not have a clear understanding about Sex education, therefore the government is now trying to introduce sex education in primary schools .Sex education is about helping to develop young people skills so that they make informed choices about their behaviour, and feel confident and competent about acting on these choices. This essay is also going to evaluate the strengths and weaknesses of sex education by looking at parents views on the topic as well as research that has been conducted regarding sex education. First I will start with the aim and strengths of sex education and then move on to its weaknesses. It is important for sex education to begin at an early age and also provided that it is sustained giving young people basic information from an early stage in their lives to offer the foundation on which more complex knowledge is build up over time, for example , when they are very young , children can be educated about how people grow and change over time , how to manage their emotions and the physical changes to their bodies in childhood and how they progress from different stages in their lives, therefore this provides the basis on which they understand more detailed information about puberty provided in the pre-teenage years, they can also at a young age be provided with information about viruses and germs that attack the body , this provide the basis for talking to them later about infection that can be caught through sexual contact. Sex education aims to reduce the risk of potentially negative outcomes from sexual behaviour such as unwanted or unplanned pregnancies and infections with sexually transmitted diseases such as HIV/AIDS. Studies show that many teenagers become sexually active before the inclusion of the educational classes. Early inclusion of classes has proven to help students remain either abstinent or to at least be responsible if they are active. It also aims to contribute to young people positive experience of their sexuality by enhancing the quality of their relationships and their ability to make informed decisions over their life time. Effective sex education develops younger peoples skills in negotiation, decision making, assertion and listening. Other important skills include being able to recognize pressures from other peers and to resist them, dealing with and challenging prejudice and being able to seek help from adults including parents, and professionals, through the family, community and health and welfare services. Sex education if taught at early age can also help equip young people with the skills to be able to differentiate between accurate and inaccurate information and discuss a rage of moral and social issues and perspectives on sex and sexuality including different cultural attitudes and sensitive issues like sexuality, abortion and contraception. Sex education also do provide young people with an opportunity to explore the reason why people have sex, and to think about how it evolve emotions, respect for one self and other people and their feelings, decisions and bodies. People who have been in favour of sex education are for example, Jim Knight, the Schools Minister, who said that making time in the national curriculum for these classes, as part of a new personal social and health education (PSHE) syllabus would ensure that young people were better equipped to navigate the complexities of modern life. He insisted, however, that very young children would not be given sexually explicit lessons. We are not talking about five-year-olds being taught about sex . . . What we are talking about in Key Stage 1 (when children are aged 5 to 7) is children learning about themselves, their differences, their friendships, how to manage their feelings. Having to teach sex education to young people can be a disturbing experience as they are still young and their understanding is not yet fully developed. Controversies are abundant when dealing with such delicate issues and there are many disadvantages to sexual education being taught in primary schools. It seems that most parents are either strongly against or strongly in favour of sexual education classes, but very few parents are in the middle ground. And, in fact, there are more parents that are in favour of sexual education classes Some of the difficulties primary teachers might face are that first of all they are not always trained how to properly teach sexual education courses and may transgress their own beliefs or morals into the subject matter rather than stick with the facts. Which will lead to confusion later in life because it might be that secondary teachers are more trained therefore they stick to the facts; this results students to be bewildered about what is actually the right and wrong. Often, sexual education can go against an individuals moral or religious beliefs. Many schools do not teach abstinence only but teach how to have intercourse safely, whereas many religious and family values stress marriage before intercourse. This will result in parents withdrawing their children from classes, especially when it concerns girls; parents tend to be more strict than towards boys. An example of this is from The Times newspaper as a mother explains why she if removing her daughter from sex education classes For her, the horror began with a childbirth video last summer term. I have no idea how graphic it was neither does Ruby, because she buried her head in her hands as soon as she saw the womans face, which was, in Rubys words, twisted in pain. The womans cries scared her and Ruby came home in tears, doubting that she would ever have children. Several ashen-faced boys said that they were sure glad they werent girls. Then came the animated stick people having sex, comple te with zoom- in diagrams. These classes also tend to be gendered due to the fact that their central focus is teenage pregnancy, which means most of the advice they have to offer is on contraceptives. Also the sex education field is mostly dominated by females and as a result boys do not have role models to teach them about everything or have people who have previously experienced what they are experiencing now. Consequently due to the lack of males in the sex education field boys will start to think it does not concern them therefore they will start to lose interest especially at a young age students may still suffer from embarrassment or get excitable by the topic matter. This can cause for out of control classrooms if students take to giggling or making inappropriate remarks. Furthermore, while information about contraception and safe sex is discretionary and discussion about relationships is often neglected teenagers tent to grow up without knowing much about relationships therefore they lack knowledge on how to maintain or work on relationships. In addition some teachers usually discuss students issues in the staff room for example in a 2000 study by the University of Brighton, many 14 to 15 year olds reported disappointment with the content of sex education lessons and felt that lack of confidentiality prevents teenagers from asking teachers about contraception In a 2008 study conducted by YouGov for Channel 4 it was revealed that almost three in ten teenagers say they need more sex and relationships education. The Guardian Unlimited: (2009) Having assessed sex education through its pros and cons, it is however clear that this topic has more weaknesses than strengths. Nevertheless it is also clear that sex education can have both positive and negative effects on peoples lives. For example using the extract from The Times, the child could have come how crying because her knowledge on sex education is not fully developed therefore, for her to see those images scared her. However it could be positive in a way that that video had prepared her for the future, whenever she comes into contact with that circumstance again she will would have already known about it. To conclude it all comes down to how the topic is taught, if it should be taught at age 5 as Jim knight the school minister said then they should be shown the very basic of sex education not too much graphics however the knowledge can gradually be built up as time goes on. Referencing The Guardian Unlimited: (2009) Children under 15 can be withdrawn from sex education(Accessed 14 Dec 2009) Ann Moore (2009)Times, The (London, England) Too much, too young As the Government sets out new rules for sex education , Anna Moore explains why she is removing her daughter from the classes (Accessed 14 Dec 2009) http://www.timesonline.co.uk/tol/news/uk/education/article4998206.ece

Analysis of The Strange Case of Dr. Jekyll and Mr. Hyde by Robert Louis

Analysis of The Strange Case of Dr. Jekyll and Mr. Hyde by Robert Louis Stevenson In an attempt to consider the duality tale, one narrative inevitably finds its way to the top of the heap as the supreme archetype: Robert Louis Stevenson’s The Strange Case of Dr. Jekyll and Mr. Hyde. Immense disagreement permeates the pages of literary criticism relevant to the meaning of the story. Yet, for all of the wrangling focused on the psychology, morality, spirituality, and sociality of the story, it has remained, since 1886, a novella that according to the Reverend W. J. Dawson, gives Stevenson â€Å"a place apart, and high above all contemporaries, as an interpreter of the deepest things of the soul† (qtd. in Abbey 318). Not content to merely comment on the age of Victoria—i.e., the world about him—Stevenson has used the vehicle of Jekyll and Hyde to comment on the world within him, and within each of us, depicting the efforts of a scientist who separates the natures of good and evil, seen as â€Å"polar twins †¦ continuously struggling† (Jekyll and Hyde 78) within the psyche of each of us for supremacy. The author did so, perhaps, as a response to the physical conditions that had plagued him for the majority of his life, and with the concept of the world’s view of his state in mind. Stevenson lived his life contending with the limitations of his physical frame, living his adolescent days as a â€Å"rather sickly child† (Edens121) and in his adult years persistently confronted by the symptoms of tuberculosis, including â€Å"hemorrhages from the lungs† (Nabakov 179). Stevenson’s birthplace is Edinburgh, Scotland. He was the child of Margaret Balfour and Thomas Stevenson. Born on November 13, 1850, this product of a minister’s daughter and a c... ...r this submission to the Times of London to actually be the work of Robert Louis Stevenson. This would be along the lines of the intellectual dishonesty perpetrated by the senator from Delaware, Joseph Biden, who, about a decade ago, was found out to be a plagiarist. Evidence pointing to a deception on the part of Stevenson is not known, but the thought of such a thing occurring is intriguing, because, were this to be the case, the author would be shown to have behaved in a Hydian manner, disguising his identity for the sake of profit. [3] The popular notion of linking schizophrenia and a split personality is in error. The schizophrenic is an agoraphobic who takes his/her neurosis to an extreme and develops modes of behavior that serve as coping mechanisms. These behaviors are often erroneously grouped, by those observing them, to form separate personalities.