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
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 overview
4) Valuation of construction and mining equipment - overview and case study
5) Valuation in companies bill - hits and misses
6) Valuation - a way forward and integral approach - Registered valuers,
company secretary and chartered accountants role
WE VALUE EVERYTHING
2/17/2014 2
UNDER THE SUN

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 WE VALUE EVERYTHING UNDER THE SUN 3

VALUATIONS OVERVIEW- DEFINITION OF VALUATION
VALUATION DEFINED
A quantitative representation of monetary values inherent in a
business / entity, built by the past efforts, capable of
generating 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 Assets
Good Will
- Trademarks
- Technology
Immovable Assets
Classification
•Non marketable assets – hospital ,
college,university ,monument
•Marketable – nondynamic – flats
,bunglow,residencia l houses.
•Marketable – dynamic – service
apartments ,hotels malls, resorts -
Intellectual Property (IP)
Know how
Trade 2/17/2014 Secrets WE VALUE EVERYTHING UNDER THE SUN 6

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. Forests
v. 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. Jewellery
ix. Works of art.
x. Life interest, reversions and interest in expectancy.

VALUATION INDIAN SCENARIO – REGISTERED VALUER
• Registration as a Valuer in India
Any Engineer, Architect, Town Planner, Chartered Accountant, Cost
Accountant Company Secretary etc.with a degree in his discipline
with 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 Tax
Act 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 India
Till 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 sector
• 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 pace
PLANT 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

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 files
Customer contracts
Customer client lists
Customer relationships
Designs drawings
Development rights
Distribution networks
Distribution rights
Drilling rights
Employment contracts
Engineering drawings
Envirornmental rights
Favorable 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 instruments
Subscription lists
Supplier contracts
Technical specialty Libraries
Technical documentation
Technology sharing agreements
Title plants
Trade secrets
Trained assembles workforce
Trademark and trade names
Training manuals
Use 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 overview
4) Valuation of construction and mining equipment - overview
and case study
5) Valuation in companies bill - hits and misses
6) Valuation - a way forward and integral approach - Registered
valuers, company secretary and chartered accountants role

INTERNATIONAL VALUATION STANDARDS
COUNCIL
• WEBSITE: WWW.IVSC.ORG
• EMAIL: IVSC@IVSC.ORG
• 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 royalty
method,premium profits method,Excess earnings method .
• IVS 220 -plant and equipment ownership rights ,valuation
approaches ,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 average
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 infrastructure
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 Loaders
• 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 personin case
of material handling euipments
6. 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.

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
Liquidator 2/17/2014 WE VALUE EVERYTHING UNDER THE SUN 45

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
indranilaich@gmail.com/aichappraisers@g
mail.com

QA

• 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 lenders banks and
financial institutions
•Consulting Partnership With American Appraisals Pvt. Ltd.
•Over 6000 assets valued in three years with a value of around
3000crores INR
•MEMBER COMPANY OF CII ,BNCCI AIMA IGCC

AICH APPRAISERSAUCTIONERS AND VALUERS
EMPANELMENTS

AICH APPRAISERSAUCTIONERS AND VALUERS
•EMPANELMENTS

•200% Year on year Growthboth
bottomline 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 Nawa
crushers
•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 out of which 14 years in
multinationals of repute
Worked in Titagarh Wagons Ltd GoIndustry – Dovebid (Formerly Henry Butcher)
,UT Limited (JV between Usha Group and Telehoist of U.K.) Ingersoll Rand
India Ltd,TIL (Tractors India Limited) -Jayashree Textiles, Indian Rayon
Group –Rishra.
Award winning Production engineer with MBA from IIFT kolkata .
Publications and teaching assignments in several institutions of repute .

PROFESSIONAL MEMBERSHIPS
International Memberships
Honorary Life member of Royal Institute of Chartered Surveyors (RICS), London.
Life member American Society of Mechnical Engineers USA
Life member of the Mining ,geological and metallurgical Society of India .
Life Member of Operational Society of India, Quality Circle Forum of India, Systems
Dynamics Society of India
Life 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 – Production Industrial Engineering
and Fellow and Life Member of Institution of Valuers.
Member of Indian Council of Arbitration, New Delhi an organization of FICCI and Ministry
of Commerce.Member of Practicing Valuers Association of India

INDUSTRY CHAMBER MEMBERSHIPS
Member of Confederation of India Industry Eastern Region
Member of MSME National council CII
Member of West bengal state council
Member of the economic affairs ,taxation and finance subcommittee
Member of the Safety subcommittee
Member of the MSME subcommittee

• : Indranil Aich
indranilaich@gmail.com
THANK YOU

Icsi valuation presentation final old but relevant

Recommended

Recommended

More Related Content

Similar to Icsi valuation presentation final old but relevant

Similar to Icsi valuation presentation final old but relevant (20)

More from INDRANIL AICH

More from INDRANIL AICH (8)

Recently uploaded

Recently uploaded (20)

Icsi valuation presentation final old but relevant