1. 2. 3. 4. 5. 6. 7. 8.

Introduction Awards and Recognition Stores Departments Allocation of Expenses Conclusion Acknowledgement Bibliography

Hypercity Retail (India) ltd., as the name suggests operates hypermarkets in India. All the necessary items as well luxuries can be obtained under one roof with a lot of variety. Thus, Hypercity is a departmental store on a large scale (Hypermarket). The Company was founded in the year 2005 and is based in Mumbai, India. As of June 30, 2010 Hypercity is a subsidiary of Shoppers Stop Limited. Though Hypercity will continue to run as an independent business, its numbers will be reflected in the consolidated balance sheet of Shoppers Stop.

Currently, Hypercity has eight stores across India: Malad, Thane, Vashi, Jaipur, Amritsar, Hyderabad, Bangalore and the most recent one at Bhopal (October 2010). Mumbai, Jaipur, Amritsar and Bangalore are the main Distribution Centres of Hypercity. Geographically, Hypercity has a distribution centre in each part of India thus making it easier for transportation of goods. All the goods, when purchased, first come to one of the main Distribution Centre and later on are sent to the nearby located store. Each of the eight stores have a godown where the stock is

stored. Usually, stock comes in daily to these stores. Plans are being made to open seven more stores across India i.e. one in Ludhiana and three each in Pune and Hyderabad by the end of 2011.

Hypercity offers a large variety of goods under one roof. Hence there are nine different departments of Hypercity: FOOD & GROCERY HOME HI-TECH HOME ENTERTAINMENT APPLIANCES FASHION TOYS

 SPORTS FURNITURE Thus it offers meat, seafood, breads, cereals, spices, flour, pulses, dry fruits, tea, coffee, juices, jams, cakes and patisseries, flowers, fruits and vegetables, and gourmet meals; utensils, cutlery, bake ware, crockery, glassware, pots'n'pans, implements, bed linen, towels, cushions, table linen, pillows, duvets, and quilts; and clothing, footwear, sunglasses, watches, hair accessories, bags, and jewelry. The companys stores also provide microwaves, cook-tops, and mixer-grinders; furniture and toys; and bicycles and sports gear for cricket, football, basketball, volleyball, boxing, and baseball.

In addition, it offers gift vouchers for the corporate gifting; and car wash facilities.

Apart from departmental expenses, certain expenses like rent, electricity, advertisement etc which are common to all are allocated to each department on a specific basis as decided by the company. This allocation leads to the preparation of Departmental trading & profit and loss account, then the general profit and loss account and finally the balance sheet. However, Hypercity does not follow the above method i.e. it

does not allocate its common expenses. Each department has a budget given to it; the expenses of the departments cannot exceed their respective budgets. Thus, the common expenses are generalized and other expenses, if any, should come within the budget (some department may consume more electricity due to some reason).

The project can be concluded by saying that Hypercity A Departmental Store does not follow the Departmental Method of Final Accounts. The allocation of expenses does not take place and all the common expenses are generalized.

The company follows the normal method of preparation of final accounts.

Jasmine Bindra 02 Sharvari Desai 05 Kavita Robin 17

 Nija Pillai 31 Kajal Shroff 54 Nitin Phull 65

We take immense pleasure in presenting our project Departmental Store-HYPERCITY under the guidance of Prof Neha Maru. We are also thankful to Mr.Karan Nanda, HR Department, HYPERCITY, Vashi for his cooperation and valuable time in

providing the appropriate information.

www.wikipedia.com www.hypercityindia.com www.linkedin.com

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