SlideShare a Scribd company logo
PRESENTATION BY-
SWAPNIL BHOSALE
ROHIT SHARMA
INTRODUCTION
AIMED AT SUPERIMPOSITION ON HOME-GROWN SHG’S.
TO PROVIDE MICRO- ENTERPRISE OPPORTUNITIES FOR SHG MEMBERS, MAKING THEM D2H
DISTRIBUTORS OF HUL.
“SHAKTI AMMAS”- WOMAN MICRO ENTREPRENEURS- BRAND AMBASSADORS.
INTERACTIVE FORM OF SELLING AND ENGAGEMENT TO COMMUNICATE, DEMONSTRATE AND PROVIDE
EXPERIENCE TO BRAND BENEFITS OF THE COMPANY.
BEGAN AS AN EXPERIMENT IN DECEMBER 2000. NALGONDA DISTT. ANDHRA PRADESH.
100 MILLION CONSUMERS REACHED.
45000 ENTREPRENEURS.
100000 VILLAGES.
15 STATES.
300000 HOMES.
2 FOLD OBJECTIVES
TO IMPROVE INCOMES OF RURAL PEOPLE BY PROVIDING THEM ECONOMIC OPPORTUNITIES.
TO IMPROVE STANDARD OF LIVING. EDUCATING ABOUT HEALTH AND HYGIENE. ACCESS TO IMPROVED
LIFESTYLE.
THE PROCESS
ONE SHAKTI ENTREPRENEUR PER VILLAGE. COVERS A CLUSTER OF 3- 5 VILLAGES.
INITIAL INVESTMENT RAISED BY HER OWN FUNDS.
PRINCIPAL CUSTOMER OF HUL AND RECEIVES STOCKS AT HER DOORSTEP FROM THE STOCKIST.
SHAKTI AMMA THEN SELLS PRODUCTS TO 3 DISTINCT CHANNELS.
PRODUCT DISTRIBUTION CHANNEL
SHAKTI
AMMA
HOST
RETAIL
SATELLITE
RETAIL
HOST
HOMES
SCALING A COST EFFICIENT
DISTRIBUTION AND SALES NETWORK
IN REMOTE AREAS
CHANNEL STRUCTURE
Rural Redistribution
stockist
HUL C & F agent
Consumer
Rural RetailerUrban Retailer
Whole
seller
Urban
Redistribution
stockist
Whole
Seller
Consumer
Combined Direct
Coverage (CDC)
Shakti
Dealer
Shakti
Entrepreneur
Consumer
Rural Sales Promoter (RSP)
Third Party
Redistribution
Stockist
Salesman
(RSSM)
SUPPLY CHAIN MODEL
Contract Grower
(Rainforest
Alliance)
Small farm
holders
Third party
suppliers
Manufacturing(80)
warehouse
C&F
ReDistribution
stockiest
Shakti
Distributor
Shakti
entrepreneur
MASTER STROKES
HUL BUILT A GPS AND DENSITY MAPPING TECHNOLOGY TO DESIGN ITS RURAL SUPPLY CHAINS AND
SALES NETWORK.
WITH SEASONAL MIGRATION A COMMON OCCURRENCE IN RURAL INDIA, THE ABILITY TO CONTINUE TO
MAP POPULATION DENSITY QUICKLY IS A KEY COMPETITIVE ADVANTAGE, AND A CRITICAL FACTOR IN
BUILDING A FLEXIBLE RURAL SUPPLY CHAIN.
THE POPULATION DENSITY AND THE DISTANCE BETWEEN VILLAGES PLAY A KEY ROLE IN DETERMINING
THE NUMBER OF SHAKTI AMMA RECRUITS, THEIR PLACEMENT, AND THE VOLUME OF THE PRODUCT THE
SUPPLY CHAIN NEEDS TO HANDLE.
CONSISTENTLY ENSURING TOP LEADERSHIP PARTICIPATION IN THE PROJECT
PERFORMANCE DRIVERS
FACILITIES :
DOOR TO DOOR FACILITY TO CUSTOMER
EASILY AVAILABILITY
PRODUCT AVAILABLE ON DEMAND
FLEXIBILITY
INVENTORY :
MODERATE TO LOW CYCLE INVENTORY
LEAD TIME OF 1 DAY
LOW SAFETY INVENTORY
HOLDING COST OF INVENTORY IS MODERATE TO LOW
TRANSPORTATION
MINI TRUCK AS MODE OF TRANSPORT
HIGH RESPONSIVENESS
INFORMATION
RELIABLEAND ACCURATE FORECASTING
PUSH STRATEGY
SOURCING
SUSTAINABLE SOURCING
SELECTION AND TRAINING
ADVANTAGE HUL
AVAILABILITY OF QUALITY PRODUCTS IN VILLAGES
REDUCED THE CONSUMPTION OF COUNTERFEIT PRODUCTS
DOOR TO DOOR DELIVERY OF PRODUCTS
SOURCE OF INCOME GENERATION
WOMEN EMPOWERMENT AND ENHANCES THEIR DECISION MAKING ABILITY.
DEEP PENETRATION IN REMOTE AND UNREACHABLE AREA
BRAND AWARENESS FOR HUL IN MEDIA BLIND AREA
MORE ACCURATE AND RELIABLE PREDICTION AND FORECASTING
HELPFUL IN STUDY CONSUMER BEHAVIOUR HENCE PRODUCT DEVELOPMENT
GOODWILL THAT IS INTANGIBLE ASSETS FOR COMPANY.
IT DEVELOPED ORGANISED SUPPLY CHAIN
HURDLES
PROBLRM STARTED ONCE THE STOCK STARTED PILING UP ALMOST EQUAL TO ANNUAL INCOME.
LOAN REPAYMENT SCHEDULE ADDED TO THE WOES.
NO PRIOR EXPERIENCES IN UNDERTAKING INDEPENDENT ECONOMIC ACTIVITY.
OVERCOMINGS
INTRODUCTION TO RSP TO CONTROL STOCK.
HIRING TRAINERS TO TRAIN THE ENTREPRENEURS AND OUTSOURCING ADMINISTRATION TO 3RD
PARTIES.
OFFERED INCENTIVES FOR VISITING SPECIFIC NUMBER OF HOMES AND OFFERED ADDITIONAL INCENTIVE
FOR SELLING SPECIFIC BRANDS.
NEGOTIATIONS WITH THE BANK TO GET MORE TIME FOR INITIAL PAYMENT.
THANK YOU…..

More Related Content

What's hot

Ultratech cement CSR
Ultratech cement CSRUltratech cement CSR
Ultratech cement CSR
PuspendraSingh21
 
Lux
Lux Lux
Lux
DOEACC
 
Project shakti
Project shaktiProject shakti
Project shakti
Kriyanta Haldar
 
E Chaupal
E ChaupalE Chaupal
E Chaupal
Mrityunjay Kumar
 
Indus motors
Indus motorsIndus motors
Indus motors
anaswakil
 
HUL Project shakti Distribution Channel ppt
HUL  Project shakti Distribution Channel pptHUL  Project shakti Distribution Channel ppt
HUL Project shakti Distribution Channel ppt
Karan Shah
 
ITC E-Choupal
ITC E-ChoupalITC E-Choupal
ITC E-Choupal
Geeta Hansdah
 
amul in rural india
amul in rural indiaamul in rural india
amul in rural india
deepshataneja
 
Itc E Choupal
Itc  E  ChoupalItc  E  Choupal
Itc E Choupal
Abhijit Yewale
 
E Chaupal Case Study
E Chaupal Case StudyE Chaupal Case Study
E Chaupal Case Study
Ajay Panandikar
 
Project shakti
Project shaktiProject shakti
Project shakti
Mohit Malviya
 
(e-Choupal Model of ITC)- Rural Marketing
(e-Choupal Model of ITC)- Rural Marketing(e-Choupal Model of ITC)- Rural Marketing
(e-Choupal Model of ITC)- Rural Marketing
Vatsana Technologies Pte Ltd
 
CSR by Tata Motors
CSR by Tata MotorsCSR by Tata Motors
CSR by Tata Motors
Megha Singha Roy
 
Rural marketing-strategies-hll
Rural marketing-strategies-hllRural marketing-strategies-hll
Rural marketing-strategies-hll
Dharmik
 
Dabur CSR
Dabur CSRDabur CSR
Dabur CSR
Monika Rana
 
NEEV
NEEVNEEV
Rural marketing of hero motors
Rural marketing of hero motorsRural marketing of hero motors
Rural marketing of hero motors
Abhishek Mishra
 
ITC E-choupal
ITC E-choupalITC E-choupal
ITC E-choupal
Paramesh Narayan
 
Jeevika Village immersion programme
Jeevika Village immersion programmeJeevika Village immersion programme
Jeevika Village immersion programme
Pranav Mali
 
Jaipur Rug Case Study
Jaipur Rug Case StudyJaipur Rug Case Study
Jaipur Rug Case Study
harshbansal12345
 

What's hot (20)

Ultratech cement CSR
Ultratech cement CSRUltratech cement CSR
Ultratech cement CSR
 
Lux
Lux Lux
Lux
 
Project shakti
Project shaktiProject shakti
Project shakti
 
E Chaupal
E ChaupalE Chaupal
E Chaupal
 
Indus motors
Indus motorsIndus motors
Indus motors
 
HUL Project shakti Distribution Channel ppt
HUL  Project shakti Distribution Channel pptHUL  Project shakti Distribution Channel ppt
HUL Project shakti Distribution Channel ppt
 
ITC E-Choupal
ITC E-ChoupalITC E-Choupal
ITC E-Choupal
 
amul in rural india
amul in rural indiaamul in rural india
amul in rural india
 
Itc E Choupal
Itc  E  ChoupalItc  E  Choupal
Itc E Choupal
 
E Chaupal Case Study
E Chaupal Case StudyE Chaupal Case Study
E Chaupal Case Study
 
Project shakti
Project shaktiProject shakti
Project shakti
 
(e-Choupal Model of ITC)- Rural Marketing
(e-Choupal Model of ITC)- Rural Marketing(e-Choupal Model of ITC)- Rural Marketing
(e-Choupal Model of ITC)- Rural Marketing
 
CSR by Tata Motors
CSR by Tata MotorsCSR by Tata Motors
CSR by Tata Motors
 
Rural marketing-strategies-hll
Rural marketing-strategies-hllRural marketing-strategies-hll
Rural marketing-strategies-hll
 
Dabur CSR
Dabur CSRDabur CSR
Dabur CSR
 
NEEV
NEEVNEEV
NEEV
 
Rural marketing of hero motors
Rural marketing of hero motorsRural marketing of hero motors
Rural marketing of hero motors
 
ITC E-choupal
ITC E-choupalITC E-choupal
ITC E-choupal
 
Jeevika Village immersion programme
Jeevika Village immersion programmeJeevika Village immersion programme
Jeevika Village immersion programme
 
Jaipur Rug Case Study
Jaipur Rug Case StudyJaipur Rug Case Study
Jaipur Rug Case Study
 

Similar to Project Shakti

Thomas Bartley
Thomas BartleyThomas Bartley
Thomas Bartley
Thomas Bartley
 
Hybrid Value Chain
Hybrid Value Chain Hybrid Value Chain
Hybrid Value Chain
Pilar Martinez
 
Hul
HulHul
Hul
madhvih
 
Digitalization of Agriculture
Digitalization of AgricultureDigitalization of Agriculture
Digitalization of Agriculture
Deepak Pareek
 
Whiteball revolution
Whiteball revolutionWhiteball revolution
Presentation1
Presentation1Presentation1
Presentation1
Kawthar Khaloufi
 
Livestock development northeast_india
Livestock development northeast_indiaLivestock development northeast_india
Livestock development northeast_india
Miftahul Barbaruah
 
TENDERING PROCESS ARCHITECTURE, PROFESSIONAL PRACTICE .pptx
TENDERING PROCESS ARCHITECTURE, PROFESSIONAL PRACTICE .pptxTENDERING PROCESS ARCHITECTURE, PROFESSIONAL PRACTICE .pptx
TENDERING PROCESS ARCHITECTURE, PROFESSIONAL PRACTICE .pptx
vishwajith kuthyala
 
Airtel re branding
Airtel re brandingAirtel re branding
Airtel re branding
Syed Sami Uddin
 
myHorta
myHortamyHorta
myHorta
Joao Torres
 
Niet lullen, maar duurzaam poetsen
Niet lullen, maar duurzaam poetsenNiet lullen, maar duurzaam poetsen
Niet lullen, maar duurzaam poetsen
MVO Nederland (CSR Netherlands)
 
Keynote spreker Igor Beuker bij het RTL Embracing Change 2015 event
Keynote spreker Igor Beuker bij het RTL Embracing Change 2015 event Keynote spreker Igor Beuker bij het RTL Embracing Change 2015 event
Keynote spreker Igor Beuker bij het RTL Embracing Change 2015 event
Igor Beuker
 
SOCIOMAX
SOCIOMAXSOCIOMAX
GREGORY LCVE2015
GREGORY LCVE2015GREGORY LCVE2015
Design in Venture Capital | Cloud Kitchen
Design in Venture Capital | Cloud KitchenDesign in Venture Capital | Cloud Kitchen
Design in Venture Capital | Cloud Kitchen
Prateek Parijat
 
Recycling Shipping Containers to Alleviate Poverty in Africa
Recycling Shipping Containers to Alleviate Poverty in AfricaRecycling Shipping Containers to Alleviate Poverty in Africa
Recycling Shipping Containers to Alleviate Poverty in Africa
Kpatel72
 
Hll Sting Project
Hll Sting ProjectHll Sting Project
Hll Sting Project
Suresh Singh
 
Expanding beyond the metros in india - Bottom of the Pyramid marketing
Expanding beyond the metros in india - Bottom of the Pyramid marketingExpanding beyond the metros in india - Bottom of the Pyramid marketing
Expanding beyond the metros in india - Bottom of the Pyramid marketing
Harshit Jain
 
RESOURCE CONSULTANT WARDHA DISTRICT PLAN.pdf
RESOURCE CONSULTANT WARDHA DISTRICT PLAN.pdfRESOURCE CONSULTANT WARDHA DISTRICT PLAN.pdf
RESOURCE CONSULTANT WARDHA DISTRICT PLAN.pdf
rohit bhoyar
 
160930_NGI_TMG_Overview_AARAC_BlackAustin_v02
160930_NGI_TMG_Overview_AARAC_BlackAustin_v02160930_NGI_TMG_Overview_AARAC_BlackAustin_v02
160930_NGI_TMG_Overview_AARAC_BlackAustin_v02
Stephanie Coleman
 

Similar to Project Shakti (20)

Thomas Bartley
Thomas BartleyThomas Bartley
Thomas Bartley
 
Hybrid Value Chain
Hybrid Value Chain Hybrid Value Chain
Hybrid Value Chain
 
Hul
HulHul
Hul
 
Digitalization of Agriculture
Digitalization of AgricultureDigitalization of Agriculture
Digitalization of Agriculture
 
Whiteball revolution
Whiteball revolutionWhiteball revolution
Whiteball revolution
 
Presentation1
Presentation1Presentation1
Presentation1
 
Livestock development northeast_india
Livestock development northeast_indiaLivestock development northeast_india
Livestock development northeast_india
 
TENDERING PROCESS ARCHITECTURE, PROFESSIONAL PRACTICE .pptx
TENDERING PROCESS ARCHITECTURE, PROFESSIONAL PRACTICE .pptxTENDERING PROCESS ARCHITECTURE, PROFESSIONAL PRACTICE .pptx
TENDERING PROCESS ARCHITECTURE, PROFESSIONAL PRACTICE .pptx
 
Airtel re branding
Airtel re brandingAirtel re branding
Airtel re branding
 
myHorta
myHortamyHorta
myHorta
 
Niet lullen, maar duurzaam poetsen
Niet lullen, maar duurzaam poetsenNiet lullen, maar duurzaam poetsen
Niet lullen, maar duurzaam poetsen
 
Keynote spreker Igor Beuker bij het RTL Embracing Change 2015 event
Keynote spreker Igor Beuker bij het RTL Embracing Change 2015 event Keynote spreker Igor Beuker bij het RTL Embracing Change 2015 event
Keynote spreker Igor Beuker bij het RTL Embracing Change 2015 event
 
SOCIOMAX
SOCIOMAXSOCIOMAX
SOCIOMAX
 
GREGORY LCVE2015
GREGORY LCVE2015GREGORY LCVE2015
GREGORY LCVE2015
 
Design in Venture Capital | Cloud Kitchen
Design in Venture Capital | Cloud KitchenDesign in Venture Capital | Cloud Kitchen
Design in Venture Capital | Cloud Kitchen
 
Recycling Shipping Containers to Alleviate Poverty in Africa
Recycling Shipping Containers to Alleviate Poverty in AfricaRecycling Shipping Containers to Alleviate Poverty in Africa
Recycling Shipping Containers to Alleviate Poverty in Africa
 
Hll Sting Project
Hll Sting ProjectHll Sting Project
Hll Sting Project
 
Expanding beyond the metros in india - Bottom of the Pyramid marketing
Expanding beyond the metros in india - Bottom of the Pyramid marketingExpanding beyond the metros in india - Bottom of the Pyramid marketing
Expanding beyond the metros in india - Bottom of the Pyramid marketing
 
RESOURCE CONSULTANT WARDHA DISTRICT PLAN.pdf
RESOURCE CONSULTANT WARDHA DISTRICT PLAN.pdfRESOURCE CONSULTANT WARDHA DISTRICT PLAN.pdf
RESOURCE CONSULTANT WARDHA DISTRICT PLAN.pdf
 
160930_NGI_TMG_Overview_AARAC_BlackAustin_v02
160930_NGI_TMG_Overview_AARAC_BlackAustin_v02160930_NGI_TMG_Overview_AARAC_BlackAustin_v02
160930_NGI_TMG_Overview_AARAC_BlackAustin_v02
 

More from Rohit Sharma

A ka sh speciality tea bar
A ka sh speciality tea barA ka sh speciality tea bar
A ka sh speciality tea bar
Rohit Sharma
 
Analytics and agribusiness
Analytics and agribusinessAnalytics and agribusiness
Analytics and agribusiness
Rohit Sharma
 
Advanced manufacturing systems
Advanced manufacturing systemsAdvanced manufacturing systems
Advanced manufacturing systems
Rohit Sharma
 
Physiolytics
PhysiolyticsPhysiolytics
Physiolytics
Rohit Sharma
 
SMAC
SMACSMAC
Mineral water
Mineral waterMineral water
Mineral water
Rohit Sharma
 

More from Rohit Sharma (6)

A ka sh speciality tea bar
A ka sh speciality tea barA ka sh speciality tea bar
A ka sh speciality tea bar
 
Analytics and agribusiness
Analytics and agribusinessAnalytics and agribusiness
Analytics and agribusiness
 
Advanced manufacturing systems
Advanced manufacturing systemsAdvanced manufacturing systems
Advanced manufacturing systems
 
Physiolytics
PhysiolyticsPhysiolytics
Physiolytics
 
SMAC
SMACSMAC
SMAC
 
Mineral water
Mineral waterMineral water
Mineral water
 

Project Shakti

  • 1.
  • 3. INTRODUCTION AIMED AT SUPERIMPOSITION ON HOME-GROWN SHG’S. TO PROVIDE MICRO- ENTERPRISE OPPORTUNITIES FOR SHG MEMBERS, MAKING THEM D2H DISTRIBUTORS OF HUL. “SHAKTI AMMAS”- WOMAN MICRO ENTREPRENEURS- BRAND AMBASSADORS. INTERACTIVE FORM OF SELLING AND ENGAGEMENT TO COMMUNICATE, DEMONSTRATE AND PROVIDE EXPERIENCE TO BRAND BENEFITS OF THE COMPANY.
  • 4. BEGAN AS AN EXPERIMENT IN DECEMBER 2000. NALGONDA DISTT. ANDHRA PRADESH. 100 MILLION CONSUMERS REACHED. 45000 ENTREPRENEURS. 100000 VILLAGES. 15 STATES. 300000 HOMES.
  • 5. 2 FOLD OBJECTIVES TO IMPROVE INCOMES OF RURAL PEOPLE BY PROVIDING THEM ECONOMIC OPPORTUNITIES. TO IMPROVE STANDARD OF LIVING. EDUCATING ABOUT HEALTH AND HYGIENE. ACCESS TO IMPROVED LIFESTYLE.
  • 6. THE PROCESS ONE SHAKTI ENTREPRENEUR PER VILLAGE. COVERS A CLUSTER OF 3- 5 VILLAGES. INITIAL INVESTMENT RAISED BY HER OWN FUNDS. PRINCIPAL CUSTOMER OF HUL AND RECEIVES STOCKS AT HER DOORSTEP FROM THE STOCKIST. SHAKTI AMMA THEN SELLS PRODUCTS TO 3 DISTINCT CHANNELS.
  • 8.
  • 9. SCALING A COST EFFICIENT DISTRIBUTION AND SALES NETWORK IN REMOTE AREAS
  • 10. CHANNEL STRUCTURE Rural Redistribution stockist HUL C & F agent Consumer Rural RetailerUrban Retailer Whole seller Urban Redistribution stockist Whole Seller Consumer Combined Direct Coverage (CDC) Shakti Dealer Shakti Entrepreneur Consumer Rural Sales Promoter (RSP) Third Party Redistribution Stockist Salesman (RSSM)
  • 11. SUPPLY CHAIN MODEL Contract Grower (Rainforest Alliance) Small farm holders Third party suppliers Manufacturing(80) warehouse C&F ReDistribution stockiest Shakti Distributor Shakti entrepreneur
  • 12. MASTER STROKES HUL BUILT A GPS AND DENSITY MAPPING TECHNOLOGY TO DESIGN ITS RURAL SUPPLY CHAINS AND SALES NETWORK. WITH SEASONAL MIGRATION A COMMON OCCURRENCE IN RURAL INDIA, THE ABILITY TO CONTINUE TO MAP POPULATION DENSITY QUICKLY IS A KEY COMPETITIVE ADVANTAGE, AND A CRITICAL FACTOR IN BUILDING A FLEXIBLE RURAL SUPPLY CHAIN. THE POPULATION DENSITY AND THE DISTANCE BETWEEN VILLAGES PLAY A KEY ROLE IN DETERMINING THE NUMBER OF SHAKTI AMMA RECRUITS, THEIR PLACEMENT, AND THE VOLUME OF THE PRODUCT THE SUPPLY CHAIN NEEDS TO HANDLE. CONSISTENTLY ENSURING TOP LEADERSHIP PARTICIPATION IN THE PROJECT
  • 13. PERFORMANCE DRIVERS FACILITIES : DOOR TO DOOR FACILITY TO CUSTOMER EASILY AVAILABILITY PRODUCT AVAILABLE ON DEMAND FLEXIBILITY INVENTORY : MODERATE TO LOW CYCLE INVENTORY LEAD TIME OF 1 DAY LOW SAFETY INVENTORY HOLDING COST OF INVENTORY IS MODERATE TO LOW
  • 14. TRANSPORTATION MINI TRUCK AS MODE OF TRANSPORT HIGH RESPONSIVENESS INFORMATION RELIABLEAND ACCURATE FORECASTING PUSH STRATEGY SOURCING SUSTAINABLE SOURCING SELECTION AND TRAINING
  • 15. ADVANTAGE HUL AVAILABILITY OF QUALITY PRODUCTS IN VILLAGES REDUCED THE CONSUMPTION OF COUNTERFEIT PRODUCTS DOOR TO DOOR DELIVERY OF PRODUCTS SOURCE OF INCOME GENERATION WOMEN EMPOWERMENT AND ENHANCES THEIR DECISION MAKING ABILITY.
  • 16. DEEP PENETRATION IN REMOTE AND UNREACHABLE AREA BRAND AWARENESS FOR HUL IN MEDIA BLIND AREA MORE ACCURATE AND RELIABLE PREDICTION AND FORECASTING HELPFUL IN STUDY CONSUMER BEHAVIOUR HENCE PRODUCT DEVELOPMENT GOODWILL THAT IS INTANGIBLE ASSETS FOR COMPANY. IT DEVELOPED ORGANISED SUPPLY CHAIN
  • 17. HURDLES PROBLRM STARTED ONCE THE STOCK STARTED PILING UP ALMOST EQUAL TO ANNUAL INCOME. LOAN REPAYMENT SCHEDULE ADDED TO THE WOES. NO PRIOR EXPERIENCES IN UNDERTAKING INDEPENDENT ECONOMIC ACTIVITY.
  • 18. OVERCOMINGS INTRODUCTION TO RSP TO CONTROL STOCK. HIRING TRAINERS TO TRAIN THE ENTREPRENEURS AND OUTSOURCING ADMINISTRATION TO 3RD PARTIES. OFFERED INCENTIVES FOR VISITING SPECIFIC NUMBER OF HOMES AND OFFERED ADDITIONAL INCENTIVE FOR SELLING SPECIFIC BRANDS. NEGOTIATIONS WITH THE BANK TO GET MORE TIME FOR INITIAL PAYMENT.