Icsi valuation presentation final old but relevant

VALUATIONS –A CURTAINRAISER ON

INDIAN SCENARIO

PLANT AND MACHINERY PERSPECTIVE

PRESENTED BY INDRANIL AICH

MANAGING PARTNER

AICH APPRAISERS AUCTIONERS AND VALUERS

VALUATIONS CURTAIN RAISER –CONTENTS

2/17/2014 2WE VALUE EVERYTHING

UNDER THE SUN

PART A 1) Valuations overview-Key references ,need and concepts .2) Valuation's Indian scenario - types of valuers, qualifications, apex bodies global and Indian.IP valuations in India PART B 1) Overview of International valuations standards (IVSC)2) Role of IBA and nodal agencies in India 3) Valuation of mobile assets - Plant & Machinery - classification and overview4) Valuation of construction and mining equipment - overview and case study5) Valuation in companies bill - hits and misses6) Valuation - a way forward and integral approach - Registered valuers, company secretary and chartered accountants role

VALUATIONS OVERVIEW – WHAT IS VALUE?

• Depends on who is asking and why• Generally an economic concept where what a buyer is willing to pay and what a

seller is willing to take overlap.

– Implies transferability.– Implies agreeable to both parties.

• In the real world it is a range, not a point

2/17/2014 3WE VALUE EVERYTHING UNDER THE SUN

VALUATIONS OVERVIEW- DEFINITION OF VALUATION


VALUATION DEFINED

A quantitative representation of monetary values inherent in abusiness / entity, built by the past efforts, capable ofgenerating economic benefits in the future.

Enterprise value is the value of the financial instruments representing the ownership interests in an entity plus net financial debt of the entity.Fair value is an amount for which an asset could be exchanged between willing and knowledgeable parties in an arms length transaction.Value of an entity is a sum of parts of a business together adding up resulting the streams if economic returns and value of an enterprise can be more than sum of parts

VALUATIONS OVERVIEW –WHY ARE VALUATIONS

PERFORMED GLOBALLY

� Transaction pricing (mergers, acquisitions)

� Privatization / post privatization� Financing� Tax and audit support� ESOPs� Management buyouts� Joint venture investment


�Bankruptcy reorganization and restructuring – SARFEASI

ACT2002�Allocation of purchase

price�Litigation�Planning�Value based management�Loans –Refinance and top up loans

VALUATION OVERVIEW- ASSETS OF AN BUSINESS

ENTITY

• Tangible Assets- Current Assets

Cash and Marketable Securities - Fixed Assets-

Property, Plant,- immovable assets

Equipments – movable assets

• Intangible AssetsGood Will

- Trademarks- Technology

Intellectual Property (IP)Know howTrade Secrets2/17/2014 6WE VALUE EVERYTHING UNDER THE SUN

Immovable Assets Classification

•Non marketable assets – hospital , college,university ,monument

•Marketable – nondynamic – flats ,bunglow,residencia l houses.

•Marketable – dynamic – service apartments ,hotels malls, resorts -

VALUATIONS INDIAN SCENARIO - -TYPES OF VALUERS

AS PER WEALTHTAX ACTIN INDIA

Valuers for i.Immovable property (other than agricultural lands, plantations,

forests, mines and quarries).ii. Agricultural lands (other than coffee, tea, rubber and cardamom plantations).iii. Coffee, tea, rubber or cardamom plantations iv. Forestsv. Mines and quarries- JORC certification from Australia vi. Stocks, shares, debentures, securities, shares in partnership firms and

business assets including goodwill.vii. Machinery and plant.viii. Jewelleryix. Works of art.x. Life interest, reversions and interest in expectancy.


VALUATION INDIAN SCENARIO – REGISTERED VALUER

• Registration as a Valuer in IndiaAny Engineer, Architect, Town Planner, Chartered Accountant, Cost Accountant & Company Secretary etc.with a degree in his disciplinewith minimum 10 years experience can become a Registered Valuer. He / She has to apply to Chief Commissioner Income Tax of the State in the prescribed Form N under section 34AB of Wealth TaxAct 1957. Some financial institutions accept degree holders as their Valuer with membership of Institution of Valuer(www.institutionsofvaluers.org) or Practicing Valuers Association, India (www.pvai.org). Therefore one must take the life membership of these Institutions and membership of Royal institute of Chartered Surveyors London

UK .


VALUATIONS INDIAN SCENARIO – REGISTRATION AS

VALUER

• Application for registration as valuer in Govt of India.• An application for registration as a valuer under section 34AB shall be in Form

N and shall be verified in the manner specified therein and shall be accompanied by a fee of Rs.1000 which shall not be refunded if the application is rejected.

• No person in service is allowed to obtain the registration in the above form in India.

• For details vide – www.laws4india.com/tax• More on Hand book of on Policy, Standards and Procedures for Real Estate

Valuation by Banks and HFIs in India copy circulated to you published by the Indian Bankers Association .


VALUATION INDIAN PERSPECTIVE -


• IBA Hand book specifies -• It shall be necessary that• Every valuer empanelled by banks / HFIs in India be a member of• any one of the undermentioned associations namely :• - Institution of Valuers ( IOV )• - Institution of Surveyors ( Valuation Branch ) ( IOS )• - Institution of Government Approved Valuers ( IGAV )• - Practicing Valuers Association of India ( PVAI )• - Centre for Valuation Studies, Research and Training ( CVSRT )• - Royal Institute of Chartered Surveyors, India Chapter ( RICS )• - American Society of Appraisers, USA ( ASA )• - Appraisal Institute, USA ( AI )

VALUATION INDIAN PERSPECTIVE- EDUCATION IN

INDIA

Career &Education in valuation in IndiaTill August 1994, there was no course on valuation available at College / University level

for real estate anywhere in India and for plant and machinery anywhere in the worlds.

Sarder Patel University has taken a lead in introducing Post Graduate Degree Course

Real estate valuation .

Plant and machinery valuation.

Royal Institute of Chartered Surveyors, UK london (RICS ). Website :www.rics.org /in

Short term courses on real estate valuation ,plant and machinery valuation by

Indian chapter


VALUATION INDIAN OVERVIEW – EDUCATION IN INDIA

• Indian institute of loss surveyors & insurance surveyors – membership thru

examination . Vide www.iiisla.org (post graduation )

• IRDA – Insurance Regulatory Development Authority – Membership thru examination.

vide website – www.irda.org( post graduation)

Valuers in India go for these qualifications to enhance the work sphere.

UPCOMING - International Institute of Marine Surveyors UK LONDON for Marine survey

and valuations opened chapter in India

Short term courses by ICSI ,ICAI on valuations .


VALUATION INDIAN OVERVIEW – VALUERS SPREAD IN

INDIA

• Total of 22000 valuers in India who are registered ( wealth tax , IOV,PVAI put together).

• Market type – unorganised local players mainly in district level except a few companies .

• Very few have all services under one roof .• Companies bill to give an enormous impetuous in India .• Spread of valuers in India • 80 % of valuers in india are from real estate se ctor • 10 % of valuers in Plant and machinery • 10 % others


VALUATION INDIAN OVERVIEW – REVENUE STRUCTURE

• Total market size approx. Rs 1000 crores expected to reach Rs 5000 crores inby

2016 .

• Source of data institute of valuers, personal interviews with the officials of IOV ,PVAI

,company officials.( conservative estimate )

• No organized publication on the revenue generated available in INDIA. The data is

basis the income tax deptt estimate on the returns filed &cross checked.

• Fees grid suggested by IT département prévalent with Banks and Financial

institutions .


VALUATIONS SEGMENTWISE REVENUE MODEL

• IMMOVABLE PROPERTIES -REVENUE MODEL MARKET PATTERN • Non cyclic, regular pattern ,localised support needed.• Focus on brown field projects in india.• Scalable model with rapid pacePLANT AND MACHINERY MOVABLE PROPERTIES – REVENUE MODEL MARKET PATTERN • Construction equipment's ,cars ,Commercial vehicles • Electrical , mechanical, chemical plants, steel, ferro alloy plants.• Key factors for valuation – vintage ,life expectancy, condition of the asset .• Second largest revenue generating valuation segment in India.• Scalable and non cyclic pattern of business

2/17/2014 WE VALUE EVERYTHING UNDER THE SUN 15

VALUATIONS SEGMENTWISE MOVABLE ASSETS

REVENUE MODEL

• Valuation fees of mobile fuel driven assets – high volume low price realization model-noncyclic ,voluminous , strong local network and presence required.

• Valuation fees of plant machinery , hi tech machinery low volume and medium price realisation.Model – cyclic , high job content in each job and local presence not much required.

• Movable Properties /Assets Valuations revenue generating agencies• Mainly borne by banks, business through banks ,NBFC’s & ABL’s.• Valuations required for Refinance , Repo assets , top up loans , additional

loans to industries , sell off , auctions mainly.


VALUATION INDIAN OVERVIEW – IP VALUATIONS IN

INDIA

• Sunrise segment in India • Mostly dominated by BIG 4 firms • In India valuation mostly restricted to software firms • Non cyclic intermittent business pattern • Scalable but not regular flow business – slow• Economic downturn a catalyst to the business• High caliber manpower requirements high cost too !



INDIA- LIST OF ASSETS

• Airport gates and slots• Bank customers –deposits loan,

trust and credit card• Blueprints• Book libraries• Brand names• Broadcast licenses• Buy-sell agreements• Certificates of need• Chemical formulas• Computer software• Computerized Databases• Contracts• Cooperative agreements• Copyrights


Credit information filesCustomer contractsCustomer & client listsCustomer relationshipsDesigns & drawingsDevelopment rightsDistribution networksDistribution rightsDrilling rightsEmployment contractsEngineering drawingsEnvirornmental rightsFavorable leases


INDIA- LIST OF ASSETS

• Proposals outstanding• Proprietary computer software• Proprietary processes• Proprietary products• Proprietary technology• Publications• Retail shelf space• Royalty agreements• Schematics & diagrams• Securities portfolios• Security interests• Shareholder agreements• Solicitation rights


Stock & bond instrumentsSubscription listsSupplier contractsTechnical & specialty LibrariesTechnical documentationTechnology sharing agreementsTitle plantsTrade secretsTrained & assembles workforceTrademark and trade namesTraining manualsUse rights – air, water, land

PART A RECAP

• VALUATIONS – CONCEPTS • VALUATIONS – VALUATIONS IN INDIA , TYPES OF VALUERS&

QUALIFICATIONS , • VALUATIONS CLASSIFICATION OF ASSETS • REGISTRATION OF VALUERS • REVENUE MODELS FOR VARIOUS TYPES OF VALUERS • IP VALUATIONS IN INDIA


PART B

1) Overview of International valuations standards (IVSC)2) Role of IBA and nodal agencies in India 3) Valuation of mobile assets - Plant & Machinery -classification and overview4) Valuation of construction and mining equipment - overview and case study5) Valuation in companies bill - hits and misses6) Valuation - a way forward and integral approach - Registered valuers, company secretary and chartered accountants role


INTERNATIONAL VALUATION STANDARDS

COUNCIL

• WEBSITE: WWW.IVSC.ORG• EMAIL: [email protected]• INTERNATIONAL VALUATION STANDARDS BOARD

(IVSB)• IVSC STANDARDS 2007 SUPERSEDED BY IVSC

STANDARDS 2011 ELIMINATING REPITITIONS .• BASIS OF THESE STANDARDS ARE ON IFRS 3 .• ALL FIELDS OF VALUATIONS COVERED UNDER THE

IVSC STANDARDS 2011.



COUNCIL • ENCOMPASSES THE KEY STANDARDS OF

VALUATION • IVS FRAME WORK • GENERAL STANDARDS• IVS 101- SCOPE OF WORK –General principle

requirements ,changes to scope of work.effective date .• IVS-102- IMPLEMENTATION –Investigations,Valuation

Approaches,Valuation record ,Effective Date .• IVS – 103 REPORTING – guidelines , contents & date • ASSET STANDARDS• IVS 200- Businesses and Business interests –Business info

,ownership rights ,valuation approaches ,market approach ,income approach.

• IVS210- Intangible assets ,characteristics ,relief from royaltymethod,premium profits method,Excess earnings method .

• IVS 220 -plant and equipment ownership rights ,valuationapproaches ,market approach ,income approach.



COUNCIL

• IVS 230- real property interests• IVS 233 - Investment property valuations under

constructions • IVS 250- Financial instruments • VALUATIONS APPLICATIONS –• IVS 300 – Valuations for financial reporting• IVS 310 - Valuations of real property Interests for secure

lending


ROLE OF IBA AND NODAL AGENCIES

• IBA HAND BOOK SPECIFIES THE FOLLOWING • Purpose of Valuation and Appointment of Valuers• 1.2 Criteria for Empanelment of Valuers• a) Educational Qualifications and Previous Work Experience• b) Minimum Age Requirement• c) Membership of Professional Bodies• d) Categories of Valuers• e) Registration with Government• f) References• g) Other Conditions• 1.3 Duration of Empanelment• 1.4 Removal• 1.5 Re-Empanelment• 1.6 Professional Fees• 1.7 Compliance of Standards and Procedures


ROLE OF IBA AND NODAL AGENCIES

• 1.8 Independence and Objectivity• 1.9 Obligations of Banks and HFIs• 1.10 Continuing Education• 1.11 Date of Effect

• RICS RED BOOK - Copy circulated to all


VALUATION OF PLANT AND MACHINERY

IMMOVABLE AND MOBILE PLANT AND MACHINERY VALUTIONS

Key components • Domain expertise desired• Mere financial valuation a pitfall.• Visual evidence asset inspection by an expert a must • Brand value • Mostly market approach but cost approach and and

income approach on non standard assets• Gamut- includes mechanical,chemical,electro mechanical

and a combined knowledge of all branches of engineering including electronics and computer science .



• GAMUT IS LARGE WE RESTRICT OURSELVES TO AN INTERESTING AND FASTEST GROWING MACHINERY SEGMENT IN INDIA .

• MOBILE ASSETS - CONSTRUCTION AND MINING EQUIPMENTS INDUSTRY

• The Indian Construction sector growing at an averag e rate of 7% per annum despite recession

• Accounts for 6% of the GDP. • Is the Second largest Employer.• Major employment generators in the rural areas • Absorbs Skilled, Semi-Skilled and Unskilled workers . • Construction accounts for 60-70% of the infrastruct ure

project cost.



• INDIAN EARTHMOVING & CONSTRUCTION

EQUIPMENT INDUSTRY : CURRENT STATUS

Expanding at Compounded Annual Growth Rate(CAGR) of 21 % in

last five years.

Having Global Market of US$2.3 Billion

• New techniques and technology in various construction projects

• Key Infrastructure Projects are Road & Highways, Bridges &

Urban Construction, Power Projects, Railways, Airport-

Modernization, Real Estate development.

• India’s earth moving and construction equipment (ECE) industry

has the potential to expand five-fold, from revenues of US$

billion today to US$ 10 billion by201to US$ 13 billion by 2015.


DOSSIER OF CONSTRUCTION AND MINING

EQUIPMENTS

• Construction Machinery

and Equipment

1. Power Shovels

2. Cranes

3. Concrete Mixers

4. Dredging Machinery

5. Articulated Dump Trucks

6. Asphalt Finishers

7. Backhoe Loaders

8. Crawler Dozers

9. Crawler Excavators

10. Wheel Excavators

11. Scrapers

12. Earth Moving Compactors

13. Skid Steer Loaders2/17/2014 30WE VALUE EVERYTHING UNDER THE SUN

• Mining Machinery

1. Excavators

2. Drills

3. Feeder Breakers

4. Crushers

HOW DO THEY LOOK



• FINANCING SCENARIO OF CONSTRUCTION AND

MINING BUSINESS IN INDIA

• Total Estimated Funding in India is about Rs 19,000 Crores.

• Valuation of Construction & Mining equipment is required for

the following :-

1) Refinance of the equipment by a Non Banking Finance Company

/Banks

2) Liquidation of bad debts and repossessed assets

3) Top up loans for construction houses and corporates.

4)As per the new companies bill valuation of assets mandatory .


REFINANCE OF THE EQUIPMENT BY A NON

BANKING FINANCE COMPANY

• Refinance is a activity wherein one equipment which has already

served a project and is free from any loans or financial liabilities,

the same is bought by another company or individual and before

financing the same it is valued by a financer.

• The valuation has got key parameters as follows :-

a) Vintage

b) Economic useful life 10000 to 20000operational hours

c) Brand value

d) After market support and availability of spares

e) Title of the asset,documentation


KEY POINTS OF METHODOLOGY OF

VALUATIONS


TECHNO-COMMERCIAL ANALYSIS

• While valuing an equipment the health of each components /

sub-assembly / assembly needs to be checked in operational

conditions.

• Pre – requisite of valuation exercise includes:

1. Site Visit: It is mandatory that a site visit be made where the

equipment is parked

2. Photography: At least 3 to 4 photographs at various angles needs

to be taken.

3. Maintenance Log Book: Regular maintenance schedules,

preventive maintenance chart, oil changes need to be noted

down.


TECHNICAL IN DEPTH ANALYSIS


FOR EXCAVATOR WE CHECK THE FOLLOWING

1. Excavator Hydraulic

System

2. Excavator Final Drive

Line

3. Excavator Boom and

Stick Arm & Bucket

Condition

4. Undercarriage

5. Turn Table & Turn

Joint.



FOR DUMPERS WE

CHECK THE

FOLLOWING

1.Power Train System

2.Brake and Steering

3.Chassis and Suspension

4.Dumper Body

5.Wheels



FOR HYDRAULIC CRANE

WE CHECK THE

FOLLOWING

1. Hydraulic Cranes /

Lattice Boom and Hook

Block

2. Undercarriage

3. Hydraulic System

4. Turn Table & Turn Joint.

COMMERCIAL DOCUMENTATION FOR VALUATION

1. Invoice copy certified by a competent authority 2. Engine and chassis Imprint- Documentary evidence of

match with the 3. Road Tax Form certificate of fitness ,pollution and road

tax and insurance paid 4. The title of equipment,Insurance document 5. Safe load test certificate by competent perso nin case

of material handling euipments6. CONCEPT OF REGISTRABLE AND NON

REGISTRABLE ASSET 7. www.vahan.nic.in- All registrable asset details available Non registrable assets – Tieup with CIBIL AND AAAV towards DATA BANK of assets identified.


TECHNO COMMERCIAL ASSESSMENT

• Key approaches & factors for valuation of construction and

mining equipment are:

• Over all asset condition –operative /nonoperative

1. Brand Value& brand pull

2. Current Market Value - Market approach IVS 220

3. After Market Support

4. Cost of Spares part

5. Refurbishment Cost

6. Salvage Value

7. Auction Value

8. Marshall & Swift Equipment Cost Index. -based on a global average for 47 different industries. A cost index is made up of a market basket of equipment and indicates the general direction in which equipment costs are moving. They represent an estimate of the trends in installed equipment costs .


VALUATION OF PLANT AND MACHINERY –

KEY POINTS

• ASSET KNOWLEGE – DOMAIN EXPERTISE • ASSET INSPCTION • MARKET KNOWLEGE • APLLICATION STUDY • COMMERCIAL KNOWLEDGE • IVS STANDARDS TEMPLATE • A KNOWLEGE DRIVEN PROFESSION WITH AN EVER

CHANGING LANDSCAPE .


COMPANIES BILL 2012-REGISTERED VALUER

• The Companies Bill, 2012 has introduced the concept of

‘Registered Valuer’ through Chapter XVII to cover valuation of

any property, stock, shares, debentures, securities, goodwill or

any other assets of the company as well as its net worth and

liabilities. The qualification and experience of the person

registered as a valuer and the basis of valuation shall be

prescribed through Rules by the Central Government


COMPANIES BILL 2012-REGISTERED VALUER

• STIPULATIONS IN THE COMPANIES BILL, 2012

• √ All valuations under the Act to be made by Registered Valuer.

• √ The Valuer shall be appointed by the Audit Committee or the

Board of Directors of the company.

• √ The Valuer shall conduct valuation in accordance with the rules

prescribed.

• √ The Valuer shall exercise due diligence while performing his job.

• √ The Valuer is required to make an impartial, true and fair

valuation of any asset required to be valued.

• √ The Valuer is prohibited from undertaking valuation of any

assets in which he has a direct or indirect interest.

• √ If the Valuer commits any default under the Act or the Rules, he

can be fined. If the intention was to defraud the company or its

members, the Valuer can face imprisonment.

• √ On committing a default, a valuer shall be liable to refund the

remuneration received from the company and pay for damages to

the company or to any other person for loss arising out of

incorrect or misleading statements made in his report.2/17/2014 43WE VALUE EVERYTHING UNDER THE SUN

COMPANIES BILL 2012: CLAUSES FOR

VALUATION• Clause 62(1)(c)– For Valuing further Issue of Shares

• Clause 192(2)– For Valuing Assets involved in Arrangement of Non

Cash transactions involving Directors

• Clause 230(2)(c)(v)– For Valuing Shares, Property and Assets of

the company under a Scheme of Corporate Debt Restructuring

• Clause 230(3)- Under a Scheme of Compromise/Arrangement,

along with the notice of creditors/shareholders meeting, a copy of

Valuation Report, if any shall be accompanied

• Clause 232(2)(d)- The report of the expert with regard to

valuation, if any would be circulated for meeting of

creditors/members


COMPANIES BILL 2012: CLAUSES FOR

VALUATION• Clause 232(3)(h)- Where under a Scheme of

Compromise/Arrangement the transferor company is a listed

company and the transferee company is an unlisted company, for

exit opportunity to the shareholders of transferor company,

valuation may be required to be made by the Tribunal

• Clause 236(2) – For Valuing Equity Shares held by Minority

Shareholders.

• Clause 260(2)(c) – For preparing Valuation report in respect of

Shares and Assets to arrive at the Reserve Price for Company

Administrator

• Clause 281(1) – For Valuing Assets for submission of report by

Liquidator

• Clause 305(2)(d) – For report on the Assets of the company for

preparation of declaration of solvency under voluntary winding

up

• Clause 319(3)(b) – For Valuing the interest of any dissenting

member of the transferor company who did not vote in favour of

the special resolution, as may be required by the Company

Liquidator2/17/2014 45WE VALUE EVERYTHING UNDER THE SUN

VALUERS IN COMPANIES BILL- HITS AND

MISSES • The introduction of the concept of Registered Valuer in the

Companies Bill, 2012, will lead to the setting of Indian Valuation

Standards that will improve transparency and governance.

Impact of Change

• The concept of a registered valuer is likely to have a big impact on

Industry, professionals, shareholders and government.

• The increase in requirements for valuation will lead to a

substantial increase in professional opportunities for CAs, CSs and

CWAs, and Registerd valuers

• Fine for misleading and incorrect information and imprisonment

for intention to defraud a company or its members will ensure

that valuation reports disclose a true, fair and complete view and

that valuation procedures are more objective. Indemnity in vogue

in UK and US now introduced in India

• Stakeholder confidence would be boosted with the increased

transparency and fairness in the valuation system.

• Government revenues may improve as loopholes in valuations

may be plugged.


VALUERS IN COMPANIES BILL- HITS AND

MISSES

• ISSUES THAT NEED REVIEW

• The Companies Bill, 2012 intends that registered valuer value all

assets. It is beyond reason how Professionals like CA/ CS/ CWA

can value a property or machinery etc without the help of experts

say Property Valuers and Engineers.

• The Valuer is required to exercise due diligence. In reality, most

valuation reports carry caveats that valuers have not done any

due diligence as the general practice is to rely on facts and

numbers placed before the valuer. Though the valuer should

check the data for consistency and reasonableness and apply

professional due care and suitable adjustments, due diligence is a

broad term and such exercise does not come within the scope of

the valuer.


INTEGRATED APPROACH –

CA’S,CS,REGISTERD VALUERS

• Given the colloidal situation the concept of registered valuers

only integrated approach of company secretaries ,charatered

accountants and registered valuers can join hands .

• A concept note on valuations in the perspective of registered

vauers is being prepared by CII national council to be submitted

to the Government of INDIA .

• Fostering education and knowledge IN THE FIELD OF

VALUTION STUDIES CAN SHAPE UP A PROPER MODEL


YOU CAN REACH ME AT

INDRANIL AICH

AICH GROUP OF COMPANIES

+919831088204/+919038088204

[email protected]/aichappraisers@g

mail.com


Q&A




• AICH APPRAISERSAUCTIONERS AND VALUERS We value every thing under the sun


• Partnership firm Started in August 2009•Valuation Services for Movable And Immovable Assets Construction and Mining ,Medical Equipments for asset based le nders banks and financial institutions •Consulting Partnership With American Appraisals Pvt . Ltd. •Over 6000 assets valued in three years with a val ue of around 3000crores INR •MEMBER COMPANY OF CII ,BNCCI AIMA &IGCC

AICH APPRAISERSAUCTIONERS AND VALUERS We value every thing under the sun


EMPANELMENTS


AICH APPRAISERSAUCTIONERS AND VALUERS We value every thing under the sun

•EMPANELMENTS


•200% Year on year Growthbothbottomline and topline

•Strong credit rating

•Qualtrics Rated top 3 in India in Valuation Services

•Finalist forAIMA -Dr J.S Juneja Award for Innovation and creativity for MSME

enterprises for 2012 -2013 and ICICI -CNBC India Emerging India Awards 2013


KATAICH INFRACORE ENGINEERING PVT. LTD

• KATAICH INFRACORE ENGINEERING PVT. LTD.

•Started with Changling construction machinery distribution and Nawacrushers

•Year on year growth 200%

•Revenue of ½ million USD in 2011-2012

•Shantui heavy machinery dealership

•Spare parts supplier company

•Started as the flagship company and diversified


AICH MINING RESOURCES PVT. LTD.


Opencast & Underground Mining of ferrous & non ferrous metal & non metal mines concept to commisioning projects

•Opencast & Underground Equipment Selection, installation•Concept to commissioning Technical Consulting & Mining Consulting

•Coal Washers Consulting•CHF Concept to Concept to commissioning projects

AICH MINING RESOURCES PVT. LTD.


Partners of South West India Trading PVT LTD of South West Middle East LLC

for their total rental machine solution of open cast mining projects for

Eastern part of India

A BRIEF ABOUT INDRANIL AICH


Chequered career of 18 years in the industry o ut of which 14 years in multinationals of repute

Worked in Titagarh Wagons Ltd GoIndustry – Dovebid (F ormerly Henry Butcher) ,UT Limited (JV between Usha Group and Telehoist of U .K.) Ingersoll Rand

India Ltd,TIL (Tractors India Limited) -Jayashree Tex tiles, Indian Rayon Group –Rishra.

Award winning Production engineer with MBA from II FT kolkata .Publications and teaching assignments in severa l institutions of repute .



PROFESSIONAL MEMBERSHIPS International Memberships

Honorary Life member of Royal Institute of Chartere d Surveyors (RICS), London. Life member American Society of Mechnical Engineers USA

Life member of the Mining ,geological and metall urgical Society of India .Life Member of Operational Society of India, Qualit y Circle Forum of India, Systems

Dynamics Society of IndiaLife Member of Institution of Engineers (Membership No.M-132302-9) and Chartered

Engineer from Institution of Engineers (AM 092132-5 ).Approved valuer (Registration No.18328) Category – Pr oduction & Industrial Engineering

and Fellow and Life Member of Institution of Valuer s.Member of Indian Council of Arbitration, New Delhi an organization of FICCI and Ministry

of Commerce.Member of Practicing Valuers Association of India



A BRIEF ABOUT INDRANIL AICHINDUSTRY CHAMBER MEMBERSHIPS Member of Confederation of India Industry Eastern R egion Member of MSME National council CIIMember of West bengal state council Member of the economic affairs ,taxation and fina nce subcommittee Member of the Safety subcommittee Member of the MSME subcommittee


• : Indranil Aich

[email protected]

THANK YOU

Economy & Finance

Icsi valuation presentation final old but relevant