Agenda Company’s Current Scenario Alternatives Explored VRS – Most Feasible Solution Our Proposed VRS Scheme What’s In It For You? Our Support Action Plan

Company’s Current Scenario Declining Market Share & Profitability – New Entrants in the Market  Substitute product (Acrylic glass)  Product obsolescence & low demand –Increased Production Costs  Hike in price of raw materials  Rise in land rental and machinery cost

Alternatives Explored Technology Upgradation Loan Against Mortgage Merger Layoffs Reduction/ Non Payment Of Salary Voluntary Retirement Scheme

Analysis Of Alternatives Alternate Options ExploredAdvantagesDisadvantages Technology Upgradation Better Quality Products Less Man Power Required High Cost Of Machinery Skilled Labour Needed Bank Loan Low Rate Of Interest Reliability Increase In Existing Debt Risk Of Losing Collateral Merger Eliminate Competitors Enter New Markets Change In Management Retrenchment Of Employees Layoffs Reduction In Man-Power Decrease In Expenses Negative Business Impact Lower Morale Reduction/ Non Payment Of Salary Lower Expenses For Company Low Motivation Levels For Employees Voluntary Retirement Scheme Protects Long Term Interests Of The Company High One Time Settlement For Employees Loss Of Efficient Employees High Severance Costs

VRS – Most Feasible Solution VRS – Humane Approach – Down Sizing Of Organization – Tax-Free Severance Payment upto 5 Lakhs Employers Perspective – Improves Future Prospects – Trims The Workforce – Does Not Ruin Image In The Market Employees Perspective – High Compensation Package – Secured Future

Our Proposed VRS Scheme Eligibility –Employee Category  Only full-time employees –Age  Minimum 40 years of age –Minimum Work Experience  10 years min work experience with the company –Beneficiary of Previous Schemes(If Any) Scheme Duration –6 months from Date of Commencement

Compensation Computation:(Gujarat Pattern) – Assumptions:  32 years of service completed  3 years of service remain – Salary for One day:  Rs (Basic) + Rs (D.A) = Rs. 9500/-  Rs. 9500/26 days = Rs /- (One day’s salary) NOTE: For computation of one day’s salary 26 days a month is taken.

 PART – 1 For Service Period Completed: 32 Yrs. X 35 days X Rs = Rs. 4,09,225/- For Remaining Service Period: 3 years X 25days X Rs = Rs. 27,403/- Total Amount Payable: Rs Rs = Rs. 4,36,629/-  PART – 2 Total Amount For Remaining Services: (Default Pattern) 36 months X Rs = Rs. 3,42,000/- NOTE : Lower amount among Part 1 and 2 will be considered Hence, Net Amount Payable: =Rs.3,42,000 + PF + Gratuity + Acc. Leave

What’s In It For You? Financial Benefits: – Monetary Lump Sum – Provident Fund And Gratuity Dues – Tax Exemption Up To 5 Lakhs – Salary For Notice Period (2 months) – Encashment Of Available Leave – Retirement TA (Travelling allowance) Non-Financial Benefits: – Opportunity To Apply For Other Jobs

Our Support Counselling Services Guidance In Financial Planning Connecting With Placement Agencies Assisting In Rehabilitation

Action Plan Approach Helpdesks: – Collect Eligibility Annexure (Last date 10th Oct 2013) – Collect VRS Application (Last date 10th Feb 2014) Submission Deadlines – Eligibility Annexure – 10th Nov 2013 – VRS Application – 10 th Mar 2014 Note: Duration Of Processes – Screening of Eligibility Annexure – 1 month from D.O.S – Approving of VRS Application – 1 month from D.O.S – Clearing of Dues – 1 month from approval D.O.S – Date of Submission

THANK YOU