ORGANISATION PROFILE
CREATIVE CONSORTIUM is a group of Architects, Engineers, Planners, Consultants ,Interior designers and Valuers to offer competent and high calibre services to our clients. A special feature of the organisation is its interest in undertaking in-depth research to assess the special nature of any project and evolving designs which though unconventional, yet fully satisfy the physical and technical requirements of the project. In the time span of 23 years, the firm has established its name in Architectural design, Structural Designs, Urban and Town Planning, Projects Consulting, PMC, Valuations and Arbitrations and other professional jobs. The firm has obtained ISO 9001:2000 quality certification. Quality policy of Creative Consortium is committed to:-
• Customer satisfaction by providing quality service & timely delivery.
• Continually upgrade quality system for enhancing customer satisfaction.
• Provide innovative, creative & original design/ services to its clients.
CREATIVE CONSORTIUM is headed by Mrs. MADHU GARG who possesses a very brilliant academic and professional career, always topper and scholarship holder, she bagged silver medal for being 2nd overall in the Punjab University in Bachelor Degree of Architecture. She was bestowed with NIRMAN RATTAN AWARD in 1995 for her outstanding performance in Architectural & Interior Design. She has more than 23 years experience in Architectural Consultancy. Recently she has got award for Excellence in Creativity from Society Interiors Magazine.
The organisational Profile of Creative Consortium includes full time partners, architects and other professionally qualified staff, draftsmen & other supporting staff besides high profile associates and advisors. To name a few:
❖ Mr. B.K. Pathak (In Charge Design section): M. Arch., Having more than 30 years experience in the field of architecture, town & country planning.
❖ Mr. Surinder Singh: Incharge, Construction Division: B.E. Civil.
❖ Mr. Tarsem Garg, Advisor (Finance, Costing & Planning): FCA, AICWA, AIIA,MIIF, MICA, LL.B, FIV.
❖ Mr. V.P. Anil, Advisor (Architecture): B. Arch. Gold Medalist, Retd. Chief Architect, Govt, of Punjab.
❖ Mr. S.K. Popli-Consultant (Air Conditioning): B.E.
❖ Ar. Rajesh Mehta, Advisor (Urban and Town Planning) B.Arch., PG in Town Planning; Ex-Director, Town & Country Planning, Himachal Govt.
❖ Mr. S.C Kayal, Advisor (Civil &Valuations): B.E. (Civil), Retd. Chief Engineer, Govt, of Haryana.
❖ Er. P S Matharu, Advisor (Civil & Valuations): BE-Civil, PG Dip. in Project Management, FIE (LM), FIV, MICI (LM), Retd. Dy. General Manager (Infras & Mktg.) Infotech, a Punjab Govt. PSU, Ex. Chief Manager (Civil & Projects)
❖ Ms. Mohita Garg (B.Arch.- Gold Medallist): She has very brilliant academic career, always topper and scholarship holder. She won 5 nos. Gold medals in her academic career.
❖ Ret. Er. Prem Chand Aggarwal (Electrical Engineer): He is retired from Engineering Department U. T. Chandigarh as a Sub. Divisional Engineer (Electrical).
❖ Mr. Kulwant Singh, M.Sc. (Tech) from FAO, International Food Technology Training Centre, CFTRI, Mysore (India), Advisor – Industrial Projects
M/S CREATIVE CONSORTIUM has following divisions, which are rendering specialised services to its invaluable clients:
1. Architecture Division
2. Structural Designing Division
3. Urban and Town Planning Division.
4. Projects Management Consulting Division.
5. Valuations and Arbitrations Division
The profiles of all the above divisions are given in its web site: www.creativeconsortium.in
Valuation and arbitration Division consists of a highly qualified and experienced team of Govt. registered valuers who value not only property but also business including Intellectual Property Rights (IPR), intangible assets, business models, futuristic assets, etc.
The valuation team has in depth knowledge of both local and wider property markets, current legislation, taxation rules, modern valuation methods, standard practices and other factors that can affect a property’s sale value or assets potential. It enjoys the support of its sister concern REIG VALUATION’S powerful research, information and archive resources.
The well respected valuation team appraises properties for sale, mortgage, insurance, financial reports, receivership, leasing, rental review, swap deals, etc. Our valuations serves the following purposes:
– Litigation support
– Lease Negotiations
– Insurance replacement/reinstatement
– Mortgage and capital raising
– Corporate restructuring
– Financial reporting & Public issues
– Partnership and Joint Valuations
– Swap Business deals.
– Related Parties Transactions Assessment.
Almost every oranisation is faced with the need to know the value of its assets, be it traditional assets, intellectual property customer and supplier relationships, know how or technology. Regulatory compliances requires both public and private companies to assess the fair value of received goodwill and identifiable intangible assets from time to time.
Our valuation Division endeavour to assist organizations in making well informed business and investment decisions. Our team holds a thorough understanding of valuation related issues and is well recognized for its technical rigor in the industry and other fields such as:
– Tangible assets valuations
– Intangible assets valuations
– Tangible assets advisory services
– Dispute resolution support
– Fairness opinion
– Specialized services (including financial modeling)
Other areas where we can render valuable services, inter-alia, include:
– Business & equity valuations
Acquisition- Domestic & Cross Border
Assessment of Merger Swap Ratio
Fairness Opinion
Valuation of business segments/divisions for spin off/restructuring
Share Purchase/Investment/Fund Raising
Goodwill & Asset Impairment testing ( US GAAP/IFRS/INDIAN GAAP )
Fair Valuation for statutory/regulatory purposes
– Valuation of Financial Instruments & derivatives
– ESOP Valuation
Equity Shares/Common Stock for Perquisites taxation
Sweat Equity
Stock Options through Black Scholes and Binomial techniques
– Technical Due Diligences
– Valuation under IFRS/IAS
Fair Valuation opinion for Financial Reporting under
– Share based payments ( IFRS 2 )
– Business Combinations ( IFRS 3 )
– Financial Instruments Presentation ( IAS 32 & IFRS 7 )
– Impairment of Assets ( IAS 36 )
– Financial Instruments Measurement ( IAS 39 )
– Investment Properties ( IAS 40 )
– Lender’s and investors Engineer Services
– Feasibility Studies
– Chartered Engineers certifications
– Impairment review and studies
– Purchase price allocations
– Valuation for Perquisites Taxation
– Valuation of Real Estate/Infrastructure assets/projects
– Valuation for RBI under FEMA
For remittances under approval route
For remittances under automatic route
For investment in foreign security by swap or exchange of shares of an Indian Company
For transfer by way of gift or sale by a person resident in India to a person resident outside India
Valuations and Arbitration Division is doing valuation of immovable assets of /on behalf of other Govt./Semi Govt./ Private sector organisations. We have done a number of valuation assignments in the recent past, which inter-alia includes valuation of I.T. Companies, Hotels, Infrastructure projects, Industrial Units, etc. Our firm has the entire infrastructure to handle any type of valuation assignment, including valuation of moveable and immovable assets, brands, sweat equity, goodwill, shares, companies or organizations on going concern basis etc.
Our Organisation has grown manifold, offering competent and high calibre services to our clients in a whole spectrum of Architecture, Structural Designs, Interior Designs, Landscaping design, Valuation, Engineering and Urban planning all under one roof.
CREATIVE CONSORTIUM is a retainer ARCHITECT and Valuer with many Government, Semi Govt., organisations, in addition to long profile of private organisation. To name a few:
1. Approved valuer under Income Tax Act, 1961.
2. Appointed as Valuer on the panel of approved valuers of Punjab Financial Corporation.
3. Appointed as ARCHITECT FOR INTERIOR DESIGNS AND ARCHITECTURAL details of showroom located at various places in the state of Punjab for the year 1996-97-98 onwards PUNSUP.
4. Appointed as RETAINER ARCHITECT FOR DESIGN AND SUPERVISION of all architectural works for UNITED INDIA INSURANCE CO. LTD.
5. Appointed as RETAINER INTERIOR DESIGNER with Himachal Tourism Corporation Ltd.
6. Appointed as RETAINER ARCHITECT AND INTERIOR DESIGNER and APPROVED VALUERS for Punjab & Sind Bank.
7. Appointed as INTERIOR DESIGNER with Bank of Punjab.
8. Appointed as RETAINER ARCHITECT AND INTERIOR DESIGNER for Haryana Land Reclamation Development.
9. Appointed as RETAINER ARCHITECT for HAFED.
10. Appointed as RETAINER ARCHITECT with Central Bank of India.
11. Appointed as VALUER on the panel of approved valuers of SIDBI.
12. Approved ARCHITECTS with STATE BANK OF PATIALA.
13. Approved VALUERS with INDIAN OIL CORPORATION.
14. Empanelled with BANK OF BARODA as Architects and Interior Designers.
15. Empanelled with ORIENTAL BANK OF COMMERCE as Architects and Interior Designers.
16. Registered with PUNJAB TOURISM DEVELOPMENT CORPORATION as Architects and Interior Designers.
17. Registered with NATIONAL BUREAU OF ANIMAL GENETIC RESOURCES, KARNAL.
18. Registered with HARYANA URBAN DEVELOPMENT AUTHORITY.
19. Registered with STATE BANK OF INDIA as Approved Valuers.
20. Registered with BANK OF INDIA as Architects.
21. Registered with BANK OF INDIA as Approved Valuers
22. Empanelled with UCO Bank as Architects and Interior Designers.
23. Empanelled with PUNJAB NATIONAL BANK as Architects and Interior Designers.
24. Empanelled with ORIENTAL BANK OF COMMERCE, Regional office, Chandigarh & Karnal as approved Valuers.
25. Empanelled with Canara Bank, Circle office, Chandigarh as Valuers.
26. Empanelled with Official Liquidator, High Court of Delhi, Ministry of Company Affairs, New Delhi as Valuers.
27. Empanelled with Ministry of External Affairs for rendering Architectural and Interior designing services
28. Empanelled with The Official Liquidator, office of the official liquidator attached to the Punjab, Haryana & H. P. High Courts, Sector -26, Madhya Marg, Chandigarh.
29. Empanelled with Assets Reconstruction Company of India Limited ( ARCIL ) as Valuers.
30. Empanelled with International Assets Reconstruction Company Limited ( I ARCL ) as Valuers
31. Empanelled with UTI Infrastructure Technology And Services Limited, Mumbai as Valuers.
We have done more than 1500 valuations for all types of clients including Govt. Companies/Corporations, Industrial Houses, Banks, etc. A representative list of Valuation Assignments completed during the last 10 years alongwith the profile of Valuation & Arbitration Division of the firm is enclosed herewith.
It is not out of place to mention here that we are empanelled with Chandigarh, Ludhiana and Shimla Zonal offices of Punjab National Bank and have done a number of valuation assignments for them. Apart from the valuation assignments of the banks, Creative Consortium also undertakes valuation of assignments from industry viz. valuation of housing projects, industrial projects, valuation of plant and machinery, brands, sweat equity, goodwill, shares, companies or organizations on going concern basis etc.
We are also empanelled with The Office of the Official Liquidator, attached to Delhi High Court & Official Liquidator attached to Hon’ble High Court of Himachal Pradesh, Shimla.
CREATIVE CONSORTIUM
VALUATIONS AND ARBITRATIONS DIVISION
ORGANISATION
HEAD:
MR. TARSEM GARG; FCA. AICWA. AIIA. MIIF, FICA, FIV, LL.B
Shri Tarsem Garg is a highly qualified and widely experienced Chartered Accountant as well as Cost Accountant. He is responsible for all matters relating Planning, Costing. Budgeting and Financial Projection of the projects. He enjoys a high profile amongst the clients and all agencies.
EDUCATIONAL QUALIFICATION:
Fellow member of the Institute of Chartered Accountants of India (Membership No. 81009). Qualified in 1979 and got 21 st Rank all over India.
Associate member of the Institute of Cost & Works Accountants of India (Membership No.6109).
Associate member of Institute of Internal Auditors of India.
Passed Post Graduate course (Part – I) in CORPORATE MANAGEMENT of the Institute of Chartered Accountants of India.
Passed Intermediate examination of The Institute of Company Secretaries of India.
Bachelor of Law. Passed LL.B final examination in 2010
DISA ( Diploma in Information System Audits ) from Institute of Chartered Accountants of India.
Passed Post Graduate course (Part – I) in INTERNATIONAL COMMERCIAL LAWS & WTO of the Institute of Chartered Accountants of India in 2012.
Cleared I.A.S (Main) examination in 1983, but due to marginally over all low securing could not get the service.
Associate member of Indian Institute of Foundrymen, Calcutta.
Fellow member of Indian Council of Arbitrators.
Fellow member of Institution of Valuers.
Member of Hotel & Restaurant Association of Northern India.
Registered with Income Tax Department as Approved Valuer of movable assets.
Associate Member of Securities & Investment Institute, UK
Affiliate member of the Association of Certified Fraud Examiners
Executive Member, Chandigarh Management Association
Past Executive member of Northern India Chamber of Commerce and Industry.
Past member of Finance, Banking and Insurance committee of PHD chambers of commerce and Industry.
EXPERIENCE:
He is very active professionally and is/was associated with the following organisations
Past Executive member of Northern India Chamber of Commerce and Industry.
Past member of Finance. Banking and Insurance committee of PHD chambers of commerce and Industry.
He has more than 33 years experience of Service, Consultancy. Practicing Accountant and Industry He has expertise in Accountancy. Income Tax, MIS, Valuation of movable and immovable/ tangible & intangible properties. Finance & Management Consultancy and Planning.
He is empanelled with Industrial Development Bank of India, Asian Development Bank. Manilla (Philippines) and GTZ, West Germany for rendering Management Consultancy.
He is specialization in the following areas connected with Real Estate, Construction Projects, Mega Integrated Township Projects and big Infrastructure development projects and innovative funding of these sectors:
• Visionary in Real Estate development. Innovative concept of property exchange to provide required liquidity to this sector. On line auction of property through secure Real Estate portal is another area. He has prepared a blue print of these visions for the sector.
• Expertise in Real Estate Rating and Valuation of properties as well business proposals and running companies/businesses. He has developed his own rating system for Real Estate projects as well as developers to give required credibility to this sector.
• Preparing Business plans for Real Estate and Development Projects for his corporate clients.
• Preparation of Techno Economic Feasibility Reports on various projects such as Shopping Mall and Multiplexes, Theme Parks, Integrated Township projects, I.T and Business Parks, International Convention Centres, Multi Storied Group Housing Projects, Educational Institutions, etc.
• Advising on innovative methods of marketing for fast realization of assets for exponential growth of assets of the companies.
• Arranging funds for Real Estate Projects through Private Equity and other means.
• Projects Management- from concept to commissioning.
His qualification, relevant and varied experience and expertise in various areas concerning Real Estate and related sectors has transformed him a seasoned Real Estate professional with exceptionally good planning and execution skills, uncanny business acumen, unmatchable financial expertise who can transform the company into strategically sure footed fast growth phenomenon by unlocking the company’s inherent strength and aligning with changed macroeconomic environment. His journey in this sector started in 1985 when he was General Manger with Steel Strips Group and had been handling construction projects of one of its group company worth many crores in Port Blair with head office at Chandigarh. He has exceptional management skill with unmatched knowledge and expertise in Real Estate sector.
ASSOCIATE HEAD
Mrs. Madhu Garg (B. Arch) C.E.O.
Possesses a very brilliant academic and professionally career as may be noted from her Bio-data given below:-
a) Matriculation from Panjab School Education Board, Chandigarh. 1975 76.7% National merit holder
b) Higher Secondary from Panjab School Education Board, Chandigarh. 1976 82.5% Stood First among girls and 7th position in Panjab School Education Board, Chandigarh.
c) Bachelor Degree of Architecture 1981 76.2% Stood IInd in the Panjab University & received Silver Medal.
Recipient of N1RMAN RATTAN AWARD in 1995 for her outstanding performance in Architectural and Interior designing. Immediately after passing out the B. Architecture in September. 1981 joined M/s. Satnam & Associates, Architects, Planners at Chandigarh and worked upto March 1982. During this period she assisted and supervised the interior construction of their own new office in sector-8 as well as one Kanal Residence. In March, 1982, because of her brilliant academic record and professional experience, she got selected as an Assistant Architect on regular basis in HPS.E.B She designed and supervised various Guest Houses, School Buildings, Hospitals etc. Her innovative ideas in design and interior planning of different Hotels/ Guest Houses in hills were appreciated by the concerned authorities. She is also impaneled with Himachal Tourism Corporation as Interior Designer. In 1983, she joined as a Lecturer in Chandigarh College of Architecture and gained the research experience by teaching thesis students and also teaching subjects like Structure Design. Structure System. Building Construction etc
In 1990, started own private practice and already handled / handling many prestigious projects like multistoried Group Housing worth many crores. Computer Science Institute and many hospital / college buildings. Commercial buildings and their office interiors Banks in and around Chandigarh. Punjab. Haryana and Himachal Pradesh.
She is a fellow member of Indian Council of Arbitrators and is on the panel of approved arbitrators.
She is also a fellow member of Institution of Valuers, New Delhi and has done a number of valuation assignments of immovable and movable assets.
She is registered with Income Tax Department as Approved Valuer of immovable assets.
ADVISORS
AR. V. P. ANIL,
EX. CHIEF ARCHITECT, PUNJAB.
QUALIFICATIONS B. Architecture (Gold Medalist) from Roorkee University in the Year 1962.
PROFESSIONAL EXPERIENCE – Joined the Department of Architecture in 1962
– Worked as Associate Professor in Chandigarh College of Architecture on deputation for 15 years.
– Worked as Senior Architect Punjab for 5 years
CONTRIBUTIONS Worked as Senior Architect in Chandigarh Administration on deputation of 5 years.
Worked as Additional Chief Architect and as Chief Architect. Punjab for 3 years.
Worked under the guidance of Pierre Jeanneret.
The first Chief Architect Punjab in the designing of Hotel at Manali. Himachal Pradesh
As a Professor in Chandigarh College
of Architecture, introduced two
subjects – CLIMATOLOGY and
STRUCTURAL SYSTEM in the
curriculam of B.Arch.
Involved in the construction of
multifarious building projects
Sh. V.P. Anil is our Advisor and head of Structural Designing Division of our firm. During his 37 years service with Punjab Government, he had developed special interest in structural designing, besides excellence in Architecture. He taught structural designing for so many years to the students of Chandigarh College of Architecture. After retirement as Chief Architect, Punjab, he pursued his career in Structural Design consultancy and is associated with our firm. He designed structures for all our multi-storeyed multi million projects.
He is also an approved Valuer and has completed a number of valuation assignments.
SHRI. RAJESH MEHTA
INCHRGE- URBAN PLANNING & TOWNSHIP DEVELOPMENT DIV.) ASSOCIATE PARTNER
EXPERIENCE HIGHLIGHTS:
Served the Government of Himachal Pradesh, in various capacities, including the position as Director, Town & Country Planning
The job responsibilities included advising the government on matters regarding Planning policies, programs. Local bodies management. Grants approval and management. Preparation and adoption of space standards for hilly areas.
Preparation and implementation of Comprehensive Development Plans, Zonal Plans, Area Plans, mobilisation and management of resources for financing Urban Development Comprehensive Plans prepared for 16 Towns.
Development and operation of Urban Research programs. Architect-Planner G.Alan Burnett & Partners. Leeds (United Kingdom).
Incharge of comprehensive Development projects- directly responsible to the partners. Besides Architectural projects, the Firm was engaged in large scale Urban-Re¬development and Housing Projects in association with Leeds County and West Yorkshire County Councils.
Major Schemes handled:
Design, Detailing and Site supervision of SEACROFT TOWN CENTRE” – a multi million Centre Business District Project consisting of shops, offices, residential towers, banks, market squares, bowling alley, health centre, etc., with underground car park for 1,000 cars.
Job Architect for ARMALEY REDEVELOPMENT’, an Urban Renewal (Housing) project of approx. 440 acres. Prepared Comprehensive Development Plan. Area Plans, detailed Layout plans and completed the first phase of 65 acres development at site.
Hotel Management Trainee with Hilton International.
I lotel Consultancy (Concept / Architectural) provided to some high category hotels, including Asia The Dawn. (Shimla). Timber Trail,(Parwanoo), Asia Jammu Tawi, (Jammu), Asia Vaishno Devi, (Katra), Hotel Gables, (Mashobra), Shilon Club Resort, (Shilonbagh).
Tourism Consultancy provided to the Government of Andaman & Nicobar Islands.
Present Assignments include 5-Star Hotel at Khajjiar, near Dalhoussie, HP. and. 5-Star Hotel near Manali, HP.
EDUCATION:
1982
Development Planning Unit, University of London (UK) Certificate course on Planning for Metropolitan Areas.
1960
Leeds School of Town Planning. United Kingdom. Post- Graduate Diploma in Town Planning.
1964
University of York, (UK)
Institute of Advanced Architectural Studies,
Comprehensive Urban Redevelopment course.
1962
Delhi University. Bachelor of Architecture.
PROFESSIONAL AFFILIATIONS:
Fellow member of Institute of Town Planners (India)
Member of Council of Architecture (India)
Associate member of American Society of Planning Officials (USA)
Life Member of Indian Water Society.
Mr. SUSHIL K. POLI
(CHIEF EXECUTIVE OF GENERAL ENTERPRISES CO.) (CONSULTANT – AIR CONDITIONING)
Is our consultant for Air-conditions heating & ventilation He has associated with us in many projects like Jai Mata Rolled Glass. The Stock Exchange Chandigarh and Punsup Mohali. Bank of Panjab. Restaurants and Office Designs
Mr. S. C. KATYAL. B.E (CIVIL)
RETIRED CHIEF ENGINEER OF HARYANA GOVT.
Has more than 35 years experience with Haryana Government and Chandigarh Administration, working at all leading and important posts. During his service career, he was with DDA (Delhi Development Authority), Chandigarh Housing Board and HSIDC and has been exclusively involved in Planning and Execution of Residential and Industrial Projects. More than 18000 houses have been constructed under his supervisory control in addition to other important Non Residential Buildings etc.
Mr. V. K. VIJ
CONSULTANT FOR PUBLIC HEALTH ENGINEERING WORKS
He has more than 37 years experience in the field ot Public Health Engineering Works. He did B.E( Civil) in 1975 and worked as Public Health Engineering in various Govt. Departments. Since 1996, working in the capacity of public Health Engineer Consultant, with HSIDC, Amaravati Enclave and Haryana Police Housing Corporation . He is working with CREATIVE CONSORTIUM as consultant for Public Health Works since June2000.
Mr. L.C. SHARMA
(PUBLIC HEALTH ENGINEER)
Having more than 40 years experience in field of Public Health engineering works. He put in 39 years of his service as Draftsman/ Head Draftsman/ Circle Head Draftsman and Sub Divisional Engineer in PWD Public Health Department. After retirement, he has rendering public health services to multi – storeyed housing project
Mr. Kulwant Singh, M.Sc. (Tech) from FAO, International Food Technology Training Centre, CFTRI, Mysore (India),
Advisor – Industrial Projects
Having more than 40 years experience ,he is expert in assessing food industry. He is consultant with Ministry of Food Processing for monitoring of Food industries in Northern India.
AREA OF SPECIALIZATION
■ Architectural designs.
■ Interior designs.
■ Structural consultancy.
■ Electrical consultancy.
■ Air conditioning consultancy.
■ Fire Fighting consultancy.
■ Landscape consultancy.
■ Public Health consultancy.
■ Project planning.
■ Project Management consultancy.
■ Costing and Budgeting including cost benefit analysis and cost reduction programme.
■ Infrastructure Development Consultancy
■ Valuations of Immovable/movable/tangible/intangible assets
■ Arbitration services.
SPECTRUM OF VALUATION SERVICES
Business Valuation
Companies seek valuations for corporate governance or regulatory reasons, or management review for critical input for decision making process. In these instances the company is at a critical moment in its life. It may be planning a major acquisition, resolving a shareholder or joint venture dispute, or seeking to reduce the gap between intrinsic and market value.
Your company may require:
• A fairness opinion on a transaction is to satisfy regulatory requirements or corporate governance concerns
• Independent and objective advice, to determine the right price to pay or accept for a business
• Valuations of unlisted companies, businesses, shareholdings, goodwill, know-how, brands and other intangible assets
• Advice for Joint Ventures / Alliances on equity splits at formation or exit in an independent or advocate role
• Support for litigation or arbitration, particularly expert witness and adjudication work in business valuation disputes
• Valuation opinions for unquoted debt or equity instruments
• Valuations of intangible assets or intellectual property such as brands, know-how, trademarks, customer lists, intellectual property rights (IPR) and goodwill for commercial, tax or regulatory (IFRS / US GAAP ) reasons.
• Valuations for regulatory purposes e.g. Takeover Code, the Companies Act
• Purchase Price Allocation for IFRS & US GAAP
• Impairment review of assets for IFRS & US GAAP
• Complex valuations including highly-leveraged businesses and international projects
• Investment decision analysis
• Maximizing tax benefits for individuals and organizations.
Our team of valuation experts recognizes that a valuation is not a simple exercise of numbers. We spend time working to understand the business dynamics and its key value drivers.
We draw on extensive experience and apply relevant valuation methodologies. We combine this with our deep sector knowledge and benchmarking analysis to offer value-added advice.
Valuation of Brands, Intangible Assets & Intellectual Property
Brands and Intangible Assets are widely accepted to be the key drivers and contributors to the value and growth of businesses. However, despite their widespread acceptance that intangible assets and brands are critical to the future prospects of any business, they are traditionally considered to be complicated to measure in terms of ‘value’, and its ongoing management and communication.
Bankers, Investors, analysts and other stakeholders are getting increasingly alert to the importance and ‘value’ of intangible assets and are keen to bridge the information gap that has existed until recently.
More and more bankers and financial institutions are agreeing to securitize and fund against reputed brands and strong intangibles as collateral security.
Hence the financial role of intangibles has increasingly been recognized and their growing importance is reflected in the value that brands and other intangibles add to the bottom line.
Not only is there a compelling financial reason for more rigorous intangible asset management processes, the tax and accounting regimes are also demanding that numbers are allocated to intangible assets as part of accounting for acquisitions. And it doesn’t end there; the value of these intangible assets is required to be monitored on an ongoing basis.
We have the expertise to help clients ascertain and assign the accurate value to their intangible assets and brands using approaches which are globally accepted and understood.
Categories of Intangible Assets
Marketing related: Trademarks (Brands), trade names, service marks, newspaper, mastheads, internet domain names, non-competition agreements.
Contract-based intangible assets: Licensing and royalty agreements, advertising, construction, service or supply agreements, lease agreements, franchise agreements, employment contracts.
Technology-based intangible assets: Patented technology, computer software, unpatented technology (know-how), databases, trade secrets such as secret formulas, processes and recipes.
Customer-related intangible assets: Customer lists, order or production backlogs, customer contracts and customer relationships including non contractual relationships.
Artistic-related intangible assets: Plays, operas, ballets, books, magazines, newspapers, pictures, photographs.
Why value your intangible asset?
For balance sheet purposes
For mergers and acquisitions
For reporting under IFRS, US GAAP and Indian GAAP
Joint-venture negotiations (e.g. to prevent overpayment)
Investor relations
Licensing and Franchising (e.g. to set the right price)
Obtaining Finance
Bringing the importance of brands to the attention of the board
Valuation of Financial Instruments & Derivative
Securities valuation means determining the market value of equity instruments (viz. common stock and preferred stock), debt instruments (viz. bonds and bills of exchange), derivatives (viz. options and futures) issued by government agencies, financial institutions and corporate organizations.
Among the main factors driving the securities market value there are liquidity, demand and supply of similar instruments, stock market rates of similar securities, present value of future cash flows etc.
We have provided Valuation services for various Financial Instruments and Derivatives including:
Listed & Unlisted stock valuation
Thinly traded stocks of public listed companies
Bond valuation
Options, Warrants, Grants and Rights and other derivative valuation
Futures & Options and Forward Contracts
Liability Valuation
Valuation of Industrial Assets, Plant & Machinery
Valuation of plant and machinery is very complex in nature as it pertains to industries of wide spectrum each having plant and machinery with its own inherent characteristics. Among the issues to be considered in the valuation of plant and machinery are the specific utility or usefulness of the asset, its contribution to the production of goods and services for which it is designed and deployed.
It also covers estimation in monetary terms the worth of the plant and machinery in existing use or their contribution to the profitability of the business after considering the market situation or standard of maintenance.
We have a panel of experts in various fields who are associated for Valuation of plant & machinery and industrial assets. We have worked across various industries including Automobile & Auto Ancillary, Chemicals & Fertilizers, Cement & Construction, Consumer Goods, Hospitality, Infrastructure, Iron & Steel, Logistics, Metals & Mining, Manufacturing & Engineering, Petroleum, Petrochemicals, Oil & Gas, Pharmaceuticals, Power, Real Estate, Telecom, Information Technology & Electronics, Textile & Leather and Cables etc.
We have undertaken large number of valuation assignments to estimate the market value of fixed assets of various private and public sector companies for different purposes by adopting internationally recognized and respected valuation approach and techniques.
Valuation of Plant & Machinery, Industrial Assets may generally be required for following purposes:
Mergers and Acquisitions – Pre Merger and Post Merger
Financial Reporting under Indian GAAP, IFRS and US GAAP
Banking( Lending against Assets)
Impairment Studies
Purchase Price Allocation
Distress Assets / Non Performing Asset
Court & Litigation support
Management information & Strategic Planning
Insurance
Initial Public offerings
Cost Investigations
Disinvestment
Valuation of Real Estate
Valuation of Real Estate really concerns with all species of legal interests arising out of Land and Building which are exchanged for money and therefore entails the phenomena of exchange, scarcity and choice that characterizes a ‘market’ in the economic sense of the term. Property is purchased both for use and investment; but in both the cases the purchaser measures the expected return or benefits to be received from the property against cost outlay.
Valuation of Commercial Real Estate for various Real Estate & Private Equity Funds
We provide a wide range of Real Estate Valuation and Consulting services to developers, investors, advisors and lenders seeking assistance with existing assets, potential acquisitions, new development projects and properties slated for disposition. We offer a comprehensive range of services to clients helping them make decisions in every sphere of real estate by considering all the factors as mentioned earlier. We boast of unparalleled experience and market knowledge in the local real estate market.
We are in the process of getting Accreditation under the SEBI Regulations for Real Estate Mutual Fund (REMF’s) and Real Estate Investment Trusts (REIT’s).
We work to international standards such as the IVS/IAS (International Valuation Standards and International Accounting Standards) as well as the RICS Guidelines.
We have a vast experience in Valuation of Real Estate like
Residential and Commercial Property
Retail Spaces, Shopping Malls and Multiplexes
IT Parks
Hotel, Resort, Service Apartment and Hospitality Property
Industrial Units
Special Economic Zones (SEZs)
Special-use property such as golf resorts, health spas, etc
Besides this, we also provide following services:
Feasibility Studies
Highest & Best Use Studies
Opportunity Investment for Existing Sites
Market Research & Analysis of Potential Construction Sites
Sale & Purchase
Lease & Rental
Business planning exercises
Investment advice
Financial modeling and project structuring exercises
Valuation of Infrastructure Assets & Specialized Assets
Investment in Infrastructure has always been a key driver and determinant to the growth of Nations. India has traditionally been an Infrastructure deficit country, but the increased economic and population growth has created an urgent and immense need for investment in essential infrastructure such as roads & civil infrastructure, ports, railways, airports, power & energy etc.
With a view to accelerate infrastructure development in the country, the government has planned huge capital spending on infrastructure development which includes an estimated outlay of more than $1000 billion over the next ten years. The resources will be mobilized partly from public sector funding and partly from private investment through Public Private Partnerships (PPP).
We act as consultants to the governments, multi-lateral lending agencies, infrastructure financing companies, as well as private sector infrastructure companies by providing appropriate advice, innovative solutions and full support throughout the project lifecycle.
Our team of experienced consultants has experience in a range of infrastructure sectors including roads & civil infrastructure, ports, railways, airports, energy, utilities (power, water and waste) etc. We can access a broad range of prospects for our clients leveraging our strong association with a wide network of investor / lender contacts.
We provide seamless and end to end solutions to the infrastructure sector which includes in-depth scrutiny and advisory on issues such as:
Identification and analysis of potential opportunities
Identification and Advisory – Joint Venture Partner, Public Private Partnership and Consortium Partner
Financial Modeling including Business, Financial and Economic analysis
Valuation of Infrastructure Projects
Commercial and Financial Due Diligence
Bid Advisory and Bid Process Management
Preparation of Information Memorandums & Detailed Project Reports
Financial Closure and Project financing
Project Appraisal and Monitoring
Independent review and assurance – Lender’s & Investor’s Engineers
Purchase Price Allocations for Mergers & Acquisitions
Purchase Price Allocations (“PPA”) are required by International Accounting Standards Board (IASB), International Financial Reporting Standards (IFRS) and US GAAP for all acquisitions. The Indian GAAP is also in process of converging to IFRS with the introduction of IndAS.
PPA requires companies to report the Fair Value of assets and liabilities acquired in their financial statements. The PPA process allocates the cost of an acquired entity to the Fair Value of assets acquired and liabilities assumed and it establishes useful lives for identified assets.
The purpose is greater transparency to investors. PPA is a complex, technical and organizationally challenging process. Particular emphasis should be placed on the information required to be disclosed. Goodwill must be disclosed to the capital markets. The amount of residual goodwill can provide indications as to the reasonableness of the purchase price.
The central challenge of a PPA lies in the identification and valuation of the intangible assets not previously reported by the acquiree i.e. where the balance sheet recognition criteria were not met previously.
This starts with identification of the acquiring company and determining the date of acquisition. An analysis of business plan is conducted which enables identification of central value drivers of the acquired company and provides an understanding of the amount and composition of the purchase price.
We specialize in the identification and valuation of intangible assets and we offer our experience with goodwill impairment and PPA across a broad range of industries.
Impairment Studies for Tangible Assets
Financial accounting and reporting requires an analysis of impairment review of Tangible assets as and when circumstances indicates that there is a diminution in the value of tangible asset.
Impairment Studies for Intangible Assets & Goodwill
Financial accounting and reporting requires an analysis of impairment review of intangible assets at every accounting year end or as and when the indications suggest that there is a diminution in the value of an intangible asset.
Impairment Analysis provides guidance and insight in the identification and re measurement of intangible assets and goodwill pursuant to the Indian GAAP, IFRS and US GAAP and subsequently report any impairment loss.
Valuation of ESOP’s and Sweat Equity
The emergence of Equity linked compensation structures have led to emergence and development of Employee Stock Ownership Plans under which stocks and options are granted to employees based on ESOP plan and structure. This has led to newer challenges for Valuation of ESOPs for regulatory, compliance and tax purposes.
Estimating the value of equity awards and share-based payments depends on a number of variables and often requires complex modeling to incorporate unique terms and complex risks. We assists both public and private organizations with stock compensation planning and financial reporting.
Our valuation models are tailored to our clients’ needs. We help companies select the most appropriate approach and estimate all required parameters. We deliver a well-supported valuation that fulfills IFRS 2, FASB ASC Topic 718, or other country specific financial reporting requirements.
Valuation for Tax, Transfer Pricing and Company Law Matters
Tax strategies are becoming increasingly complex and more highly scrutinized by regulatory authorities worldwide. Many tax laws and regulations now stipulate that a valuation is required before implementation.
We specialize in tax valuation related consulting. The firm’s highly responsive professionals help companies to navigate an environment of changing tax law and shifting regulations by offering skilled expertise for forming strategy and defending valuation positions.
Broad Valuation Services under Tax, Transfer Pricing and Company Law Matters includes:
Purchase Price Allocation for Slump Sale Transaction for Income Tax Purpose.
Valuation for Capital Gains tax purposes
Tax restructuring valuations
Valuation for Cross Border Transactions where transfer pricing issues are involved
Independent Valuation under Companies’ Law for Section 391 – 395 (Amalgamation/Reorganization).
ASC Topic 350 – US GAAP
After initial recognition, goodwill and indefinite lived intangible assets are periodically tested for impairment under ASC Topic 350.
IAS 36/Indian GAAP – AS 28
IAS 36: Impairment of Assets requires the testing of goodwill and long-lived intangible assets on an annual basis with other assets tested where there is an indication that the asset may be impaired. Goodwill is tested at a cash generating unit (“CGU”) level and is a single step test comparing the carrying value of the CGU to the recoverable amount. Goodwill impairment tests under IFRS frequently give materially different results to those under US GAAP due to the three step test used in ASC Topic 350.
IAS 36/Indian GAAP – AS 28: Impairment of Assets requires the testing of long-lived tangible assets as and when required with other assets tested where there is an indication that the asset may be impaired. An individual tangible asset may be tested for impairment at a cash generating unit (“CGU”) level where independent cash flows cannot be attributed to a single asset. The Carrying value of the tangible asset/CGU is compared to its recoverable amount – Fair Value less Cost of Disposal to determine whether the asset or CGU is impaired or not.
We have the required skills and expertise to perform unbiased and fair impairment analysis that will bring clarity to senior management, auditors, valuation professionals, and regulators by explaining the valuation aspects.
Fairness Opinions
A fairness opinion is a financial advisors opinion and an independent objective analysis from a financial point of view, as to the fairness of the financial terms of a Business Combination or a Corporate Transaction. There are many reasons for fairness opinions, most of which deal with transactions (business combinations) involving publicly listed and closely-held companies. An independent opinion of fairness relative to the exchange of values can provide substantial support for such transactions. Furthermore, independent fairness opinions are useful as a defense against dissident shareholder claims.
