This workshop will help participants to : * Master how companies (small, big or large) raise Project Finance covering financial due diligence, legal aspects and compliance processes * Master the processes banks and financial institution follow while disbursing funds to infrastructure and manufacturing projects (small, big or large) * Develop understanding of industry best Project Finance practices related to Road Construction, Real Estate, Power Plant, Ports, Urban Infrastructure construction etc. via case studies, Financial Models and live examples * Know the financial term sheets, structures and legal documentation * Master techniques for preparation of projected P&L, Cash Flows, Balance sheet and thereby finding cost of Project (NPV,IRR calculation and analysis) and preparing Project Appraisal notes. * Understand Asset Liability Management and Project Finance of the Banking and other financial services' System * Grasp how to do Company’s Financial and Operational Risk Analysis (Scenario Generation via Monte Carlo Simulation exercises)

2. PROJECT AND INFRASTRUCTURE
FINANCE
Program Objective : Key Benefits :
Project Finance involves the raising of Doing this course will help participants to -
funds to finance an economically separa-
ble capital investment project in which the  Articulate what project financing is.
providers of the funds look primarily to the  Define the roles and objectives of
cash flow from the project as the source of the various participants
funds to service their loans and provide the  Assess the risks of the transaction
return of and a return on their equity in- from different viewpoints
vested in the project.  Recite numerous examples and ap-
This is a practical course that provides ply them to everyday
executives, whether as financiers, spon-  Know the basic term sheets, struc-
sors, or professional support, an opportuni- tures and legal documentation
ty to understand the risk-return character
of limited recourse projects from multiple
perspectives. Case studies span a variety
of sectors and geographical regions
Participant Mix : Faculty Profile :
 Credit officers in banks A seasoned banker and academician would
conduct the workshop. He brings a rare com-
 Project finance managers bination of academician and working profes-
sional. He is a visiting faculty to IIM Calcutta
 Consultants, and has conducted over 1000 training hours
 Chartered accountants and training over 500 trainees in the same
topic.
 Financial advisors
DATES & VENUE
Successfully Organized In : 8th - 9th Hyderabad Hotel Quality
October, 10 Inn Residency
5th - 6th February - Mumbai
26th - 27th Mumbai Hotel Lotus
12th - 13th March - New Delhi
October, 10 Suites
16th - 17th April, Bangalore
25th - 26th New Delhi Hotel Radisson
23rd - 24th April - Chennai November, 10
7th - 8th May - Mumbai 1st - 2nd Bangalore OptiRisk
December, 10 Learning
17th - 18th June-New Delhi
Center
21st - 22nd June - Hyderabad
10th - 11th Mumbai Hotel Lotus
13th - 14th August - Mumbai December, 10 Suites
20th - 21st Sept- New Delhi 21st - 22nd Hyderabad Hotel Taj
December, 10 Banjara
Fees : Rs 14,500 / - + ST
/-

3. PROJECT AND INFRASTRUCTURE
FINANCE Day One
Session One : Session Two :
 Difference between working capital and project financ-  Means of finance
ing :
Objective : To understand the meaning of means of project
Objective : Basic difference would be discussed from tenure finance.
perspective and repayment perspective
Take away for participants : Participants would be able to under
Take away for participants : Participants would be able to find stand the concept and meaning of means of finance. This would
out different parameters to be looked for working capital as- help them to correlate the means of finance with project evalua-
sessment and term loan assessment . tion steps.
 Risks associated with working capital financing and  Different sources of means of finance
project financing :
Objective : To make the participants aware different sources
Objective : Identification and understanding different important from which project financing need can be met .
risks from financing perspective of working capital and project
financing . Take away for participants : Participants would be able to know
the different sources of finance and this would help them to
Take away for participants : Participants would be able to take raise fund at a better cost
steps which are relevant for risk management of these two
types of financing without wasting time and resources for irrele-  Concept of margin money
vant risk management concepts.
Objective : To understand the concepts of different types of
 Linkage between working capital assessment and margin money and to break the wrong concepts prevalent in the
project financing : marked associated with margin money.
Objective : To build up concept to see the project financing as Take away for participants : Different forms of margin money
totality not in isolation . and use of appropriate margin money to reduce the cost of fund
for project. Application of subordinate debt in the margin
Take away for participants : Participants would be able to un- money .
derstand the importance of working capital linkage in project
financing .  Tying up of working capital
 Arrival at the appropriate level of working capital re- Objectives : Creating awareness about the practical aspects of
quirement : tying up of working capital .
Objective : To understand the concept of arriving at the tech- Take away for participants : Understanding the entire practical
niques of working capital requirement for the entire project and issues associated with tying up of working capital with lenders
importance of it in the overall evaluation of the project prevalent in India . This would reduce the time required for such
tying up
Take away for participants : Participants would be able to com-
prehend the entire process being followed in an organisation for  Sources of Means of Finance
assessment of working capital requirement .Participants would
be also able to calculate the mechanism of calculating the same  Techniques of financing forecasting
in Ms Excel
Objectives : To make them aware the steps followed in financial
 Determination of Project Cost : forecasting in Ms Excel.
Objective : To build up the correct concept of project cost . In Take away for participants : Participants would be able to pre-
the market, there are lot of ambiguity about determination of pare the financial forecasting within shortest possible time by
project cost. To make them understand clearly is the first step way of creating efficient Excel spreadsheet.
for project financing. Under this topic , it would be cleared in
detail  Techniques for preparation of Projected P&L, Cash
Flows and Balance Sheets
Take away for participants : Participants would be able to build
up a complete understanding of project cost for different indus-  Techniques of use of Industry data and Incorporating
tries . the same in the P&L, Cash Flow and Balance Sheet.
 Techniques adopted for over financing of projects :  Incorporation of fiscal incentives /penalties in pro-
Objective: To make the lenders aware about the market prac- jected financial statement
tices being followed for over financing projects and taking out
money from such projects.
 Preparation of Projected Cash Flows from financial
statements
Take away for participants : Identification of techniques and
checking at the time of assessment such malpractices.

4. PROJECT AND INFRASTRUCTURE
FINANCE Day Two
Session Three :  Monte Carlo Simulation
One case study along with MS Excel exercise would be carried
out by the trainer. The participants would be provided hand  Calculation of multiple NPV’s
holding for preparation of financial forecasting of a project from Objective : Making participant understand the importance of
a case study by incorporating relatively moderate level of com- capturing uncertainty in the project appraisal which are not be-
plexity of a project. ing followed very diligently.
Session Four : Take away for participants : Conceptual understanding of uncer-
tainty and methods of handling them in the real life.
 Concept of Net Present Value & IRR
Objective : To understand the NPV and IRR concepts clearly  Methods of uncertainty capturing in project finance
from practical point of view and how it is applied in project Objective : Creating awareness of different accepted methods
evaluation process. to capture uncertainty associated with a project
Take away for participants : Use of NPV and IRR concepts in Take away for participants : Application of methods of capturing
project evaluation followed in practice . uncertainty in real life situation.
 How to calculate Discounted Cash flow Session Six :
Objective : To use the appropriate discount rate for preparation  Industry Analysis
of discounted cash flow.
Objective : Methods of carrying out industry analysis and its
Take away for participants : Preparation of discounted cash flow application of project finance
for any time period and for any frequency.
Take away for participants : Techniques of real life industry
 What is the appropriate discount rate ? analysis being followed in project finance.
 Calculation of appropriate discount rate  Company Analysis
Objective : How to calculate appropriate discount rate in prac-  Company’s Financial Risk
tice .
Take away for participants : Calculation of appropriate discount  Company’s Operational Risk
rate for projects to be carried out by large company , small and Objective : Importance of company analysis in the project fi-
medium company in Indian perspective. nance evaluation process .
 Concept of Cost of Capital Take away for participants : Techniques being followed in real
life for company analysis .
 Weighted Average Cost of Capital (WACC)
 Project Risk
Objective : Calculation of cost of capital for diversified business
interest companies .  Risk associated with quality and steady
Take away for participants : Use of appropriate WACC for pro- availability of inputs
ject evaluation in a diversified business interest companies.
 Risk associated with the timely completion of
 Application of WACC in discount rate the project
Objective : Use of WACC to find out NPV and IRR of the pro- Session Seven :
ject . Writing a project appraisal note: The participants would be given
Take away for participants : Establishing conceptual and practi- a case study of power project from where appropriate methodol-
cal linkage between WACC , discount rate and evaluation meth- ogy would be adopted for arriving at a proper project appraisal
odology . notes.
Session Five : Session Eight :
 Capturing uncertainty in project appraisal  Asset Liability Management and Project Finance of the
banking system
 Sensitivity Analysis
 Methods for managing asset liability management and
 Simulation Analysis Project Finance for Project Finance
 Normal Simulation  RBI regulation on concept of securitization and take
out financing
Executives of the following companies have attended this workshop

5. PROJECT AND INFRASTRUCTURE FINANCE
Organised by OptiRisk India Learning Solutions in association with CARISMA, Brunel University
Registration Form
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