Vc Risk Services Brochure


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Risk is part of the landscape when investing in start-up firms, and venture capitalists need to approach this peril across a range of dimensions, including geography, industry and the timing of investments in the product development cycle. In today’s turbulent markets, venture capitalists and private equity firms must possess an integrated plan for managing funds, improving portfolio company performance, and maximizing value through effective deal execution.

Consequently in order to provide a single point of access for leveraging our professional service to the benefit of your funds and portfolio company, we’re pleased to launch our Venture Capital & P/E Risk Advisory services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services.

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Vc Risk Services Brochure

  1. 1. Risk Management Advisory ServicesInvestment Banking / PE/ VC Companies Riskpro India 1
  2. 2. Who is Riskpro… Why us? ABOUT US MISSION Riskpro is an organisation of member firms around India devoted to client service  Provide integrated risk management excellence. Member firms offer wide range consulting services to mid-large sized of services in the field of risk management. corporate /financial institutions in India Currently it has offices in three major cities  Be the preferred service provider for Mumbai, Delhi and Bangalore and alliances complete Governance, Risk and Compliance in other cities. (GRC) solutions. Managed by experienced professionals with experiences spanning various industries. VALUE PROPOSITION DIFFERENTIATORS You get quality advisory, normally delivered by large consulting firms, at fee levels  Risk Management is our main focus charged by independent & small firms  Over 200 years of cumulative experience High quality deliverables  Hybrid Delivery model Multi-skilled & multi-disciplined organisation.  Ability to take on large and complex projects Timely completion of any task due to delivery capabilities Affordable alternative to large firms  We Hold hands, not shake hands. 2
  3. 3. RiskPro Highlights Large talent pool of risk experts, consultants and associate partners in India with deep domain skills for domestic and global clients 11 service locations across Indian region with key offices in New Delhi, Mumbai and Bangalore Deep expertise in consulting with over 200 years of cumulative consulting experience Operating Groups: Risk-Advisory, Consulting, Training & HCMS Service Lines : Credit, Operational, Fraud Risks, ERM, Regulatory Compliance, Outsourcing Management, Corporate governance We are fastest growing risk consulting company and have realistic plans to capture coming opportunities while competing with Big - 4’s for superior, unmatched, low cost services to our clients 3
  4. 4. Our Network Presence New Delhi Agra Ahmedabad Kolkata Mumbai Pune Salem Bangalore 4
  5. 5. Risk Management Advisory Services Basel II/III Advisory Corporate Risks IT Risk Advisory  Market Risk  Enterprise Risk Assessment  IS Audit  Credit Risk  Fraud Risk  IT Security  Operational Risk  Risk based Internal Audit  IT Assurance   Operations Risk  IT GovernanceSERVICES ICAAP  Forensic services Operational Risk Governance Other Risks  Process reviews  Corporate Governance  Business/Strategic Risk  Policy/ Process Review  Business Strategic risk  Reputation Risk  Process Improvement  Fraud Risk  Outsourcing Risk  Compliance Risk  Forensic Accounting  Contractual Risk  Insurance Risk Training Recruitment  Banking – E Learning  Corporate Training  Independent Directors- SME’s  Regular Risk Management Training  Full Time Risk Professionals  Online Training material  Part time Risk Professionals  Workshops / Events  Virtual Risk Managers  AML / KYC, ISO standards- 31000 5
  6. 6. Venture Capital/Private Equity- Perspective Venture Capital is a form of “risk capital” that is invested in a business where there is a substantial element of risk relating to the future creation of profits and cash flows. Risk capital is invested as shares (equity) rather than as a loan and the investor requires a higher "rate of return" to compensate him for his risk. Private Equity refers to equity or quasi-equity investments in high- growth companies and includes buyouts, mezzanine financing, privatization and public/ deals. The private equity asset class includes venture capital, buyouts, and mezzanine investment activity. Business Focus Areas Venture capitalists focuses on investing in Private equity players largely provide private, young, fast growing companies, mezzanine or bridge funding more specifically as “entrepreneurial businesses” with high growth prospects, which are managed by experienced and ambitious teams who are capable of turning their business plan into reality 6
  7. 7. We Understand Venture Capital Investment Process Start VC funds issue Letter of Intent for investment and require investee companies to complete On request by companies for release the formalities for availing investment. whichReceipt of the proposals for investment either investment, VC funds, subject to compliance of includes execution of legal agreements bydirectly or through financial intermediaries by pre-disbursement conditions and achievement Promoters/ Investee companies, passing ofVC fund of milestones stipulated for same, undertake requisite Board/ Companys resolution, investment in the company obtaining approval of Govt. & other statutory approvals for facilitating investment Completion of due diligence, internal approvals VC funds regularly monitor functioning of for investment, VC funds may modify or Investee companies, give inputs on strategicUpon prospective deal evinces interest of VC plans and guide companies for optimizing theirfunds, the Management Team is requested to stipulate such other conditions as are considered appropriate by them for investment performance. VC funds also pursue thepresent the Business model, unique aspects , Investee companies to orient their businessfuture prospects & investment proposal of the in the company and accordingly negotiate changes/ modifications in the term sheet with plans & achieve performance targets to qualifycompany for bringing out Initial Public offers (IPOs) and the Entrepreneurs (also called Promoters) get listed on stock exchanges for providing exit from investment to VC funds End Once VC investor finds the deal as investibleVC fund assesses the quality & competence of proposition, a document containing terms ofManagement team with a view to get proposed investment known as term sheet, is RISK CRITICAL PHASESperspective on overall business prospects of devised and negotiated with promoters for theirinvestment proposal concurrence - Preliminary discussions with promoters - Submission of business plan by promoters - Due-diligence/ Investment appraisalDetailed due diligence of project is carried out VC funds take up the venture for detailed due-to examine Business, financial and legal diligence after getting final concurrence ofaspects of proposed investment. During the Entrepreneurs on terms of proposed - Investment decision/ Further directionprocess of due diligence, Assessment of investment negotiated with them. The detailedrequirement of funds, stages & quantum of due diligence of project is carried out by VCinvestment and related milestones for funds themselves or assigned to independentinvestment Advisors 7
  8. 8. Our Risk Management Services Risk Operational Management Investment Risk Fraud Risk Risk Framework Capital Enterprise Adequacy Due Diligence Risk reviews Performance review Investee Prudent Regulatory Documentation background appraisal compliances fulfillment checks & process monitoring 8
  9. 9. Helping you to protect your investments Do you know the investee company well enough?  In addition to your due diligence, we will provide a pre-investment review of the company internal processing framework, internal control status, accounting infrastructure, risk management tools, how company identifies and mitigates business risks. Has the transaction closed smoothly and is company ready to execute business strategies effectively with new funding?  Ensuring that investment transaction is free from material risks Is the company protected from risks after the investment?  Regular comprehensive review to provide comfort that the investee company recognizes all risks, takes cognizance and takes necessary action  Implement important risk management frameworks, policies to help companies manage existing and emerging business and other risks  Summary reporting of the finding to PE / VC company Who pays for these risk reviews?  PE/VC company pays for these reviews. This is a value add expenditure that ensures smooth running of investee company and helps to protect the value of investment 9
  10. 10. Risk review of Existing and Potential Investment Companies Value addition after Risk review before Risk Management services investment by periodic investment at deal close and soon after reviews Evaluate and conclude on  Proper accounting and  Quarterly visit to investee Business Risk, Project Risk disclosure of transaction by company to review investee company operations, identify key risks Review of existing controls and any risk management and policy framework to  Establishing a framework for issues mitigate risks. Risk management at investee company  Help enhance internal Governance, Management controls, risk management Philosophy review  Document key risk policy initiatives to ensure sound business execution Business and Accounting  Implement a simple MIS due diligence to ensure and Risk Analytics  Provide quarterly reporting proper accounting framework of findings to PE/VC firm 10
  11. 11. Our model supplements your efforts PE/VC firms have their own due diligence process, checklists and requirements from investee company in terms of documents, regular reporting etc.  Our reviews and services do not duplicate these. Instead, we undertake reviews of areas specifically focused on risk and areas not covered by your processes.  As we interact with a number of investee companies and PE/VC companies, the review checklists, methodologies and processes will mature and incorporate key review steps. You will benefit from these refinements and targeted reviews in terms of providing early warning signals and time saving. How do we structure the team?  OPTION 1: Our team member joins your team to jointly perform initial and periodic reviews for a comprehensive assessment.  OPTION 2 : We undertake the periodic reviews on our own and provide you with findings/ recommendations 11
  12. 12. Governance, Risk and Compliance Offering Our GRC Approach Company level •Define Risk Appetite • Reputation Risk Scorecards • Scan of Emerging Risks •Risk Scorecard • IT Governance •Risk Heap maps • New Product Approval Policy Governance Risk management Compliance• Align Corporate Governance to • Risk assessment • Compliance Risk Policy & global practices • Process and Control Review Framework• Board Committee reviews • Insurance & Loss Alignment • Regulatory reviews and audits• Review and enhance Risk • Incident Reporting Process & • Global regulation compliance Governance Tool • Compliance Reporting• Policy and Process Framework • Implementation of 20-30 top • Contractual Risk• IT Governance Key Risk Indicators (KRI) • 3rd party audits of units• Whistle Blowing Framework • Fraud Risk Management • Internal Control testing Tools Services Support Processes• GRC Technology Implementation – Provide recommendations and select vendor for GRC Tool•HR Policies and Processes to minimize people risk, frauds and strengthen succession planning•Training and Awareness build up – Targeted and Ongoing training in areas of concern.•E Learning Courses in Risk Management, Fraud Risk Management, Governance etc 12
  13. 13. Forensic and Investigation services How we Do Based on our understanding of your requirements, we have customized a package of our solution offerings to meet your needs, which is detailed in the ensuing slides. Based on our understanding of your requirements, we have customized a package of our solution To detect and prevent fraudofferings to meet your needs, which is detailed in the ensuing slides. and evaluate Code Of Conduct Our Solution for you Benefits To You Compliance on following Our Solution ForO you Our Solution For you parameters :- Resolve  Protects you from any Fraud Detection Monterey or Reputational Investigate Prioritize damage Anti-Fraud Measures solutions and remedial Analyze Source Root measures  Code Of compliance Monitoring Compliance and Auth cause of orization Problem establishment Understanding Your Supply Workplace Practice Quantify Loss Chain and Suggest possible Actions  Enables you to identify Background check for employees Obtaining And risks / control gaps securing Evidence Fraud Risk reviews To Monitor Your  Helps you identify any Solve Process Compliances undisclosed production Issues Confidential Interviews with vendors  Risk Mitigation Evaluating your need 13
  14. 14. Risk Based Internal Audit How we Do Internal Auditing helps an organization accomplish its objectives by bringing a Enterprise Risk systematic, disciplined approach to evaluate Assessment and improve the effectiveness of risk management, control and governance processes. Risk Need of Organizations Source: The Institute of Internal Auditors 1999 (IIA) Assessment Process Reviews Fraud Benefits of Risk based Audit Mitigation • Traditional audit view value added Control techniques Reviews •Risk profile of Businesses •Internal Controls & Ops Risk reviews Transaction •Cost reductions recommendations Audit •Review of Fraud Risk Controls Increasing Enterprise Risk Focus 14
  15. 15. Value Proposition Enabling robust corporate/risk governance structure through out deal process, and the leveraging of the collective experience of a disciplined management team, to minimize risk at its very source. Specialised venture capital knowledge, expertise and excellence through VC database plus our exclusive alliances with internationally-renowned venture capital and private equity firms. A rich deal flow, professional advice, and active management support from our team of experts, supported by the industry know-how and experience of a network of strategic partners and technical associates. Excellent understanding and technical awareness of venture capital activities, and who guide your organization in a strict but pragmatic manner to ensure full compliance with the rules and principles. 15
  16. 16. Riskpro Clients Our Clients*Any trademarks or logos used throughout this presentation are the property of their respective owners 16
  17. 17. Team Experiences Our Experiences Our team members have worked at world class Companies*Any trademarks or logos used throughout this presentation are the property of their respective owners 17
  18. 18. RESUMES – Our team Credentials  Co-Founder - Riskpro  CA, CPA, MBA-Finance (USA), FRM (GARP) Manoj Jain  Over 10 years international experience – 6 years in Bahrain and 4 years USA  15 years exp in risk management consulting and internal audits, Specialization in Operational Risk, Basel II, Sox and Control design  Worked for Ernst & Young (Bahrain), Arab Investment Company (Bahrain), Navigant Consulting(USA), Kotak Mahindra Bank (India) and Credit Suisse(India)  Sox Compliance project for Fannie Mae, USA ( $900+ Billion Mortgage Company)  Co- Founder - Riskpro  CA (India), MBA (Netherlands), CIA (USA) Rahul Bhan  Over 15 years of extensive internal and external audit experience in India and abroad.  Worked with KPMG United Arab Emirates, PKF South Africa, Ernst and Young Kuwait, Deloitte Netherlands and KPMG India.  Worked with clients in a wide variety of industries and countries including trading, retail and consumer goods, NGO, manufacturing and banking and finance. Major clients include banks, investment companies, manufacturing organizations, aviation etc. 18
  19. 19. RESUMES - Our team Credentials  Co-Founder - Riskpro Casper Abraham  PGD (Electrical & Electronics & Computer Programming)  30 years of experience in Information & Communications Technology (ICT) Solutions for Retail, Garments, Manufacturing, Services Industries.  Has created Companies, Divisions, Products, Brands, Teams & Markets.  Consulting in Business, Technology, Marketing & Sales & Strategic Planning.  Advisory, Training, Workshops & Implementation in Systems Thinking, Systems Modeling & Balanced Scorecard  Worked with TIFR, Mahindra, Ambience, Communico-Graphique & Ionidea Inc, USA,  Sr Vice President – Risk Management  MBA, PDFM,NSE-NCFM, PMP, CSSGB,ISO 9001:2000 I.A,GARP-FBR, ITILV3,CPP-BPM Hemant Seigell  Professional with 17 years of rich experience into diverse Consumer finance/ Lending operations ,Risk Management,BPMS, Consumer Banking, NBFC, Management Consulting & Housing finance in BFSI industry having successfully led key business strategic engagements across multi-product environment in APAC, Australia and US regions.  Worked with GE, ABN AMRO Bank, Citigroup, Accenture, Deutsche Postbank  Highly skilled and expert Trainer in Risk areas across Credit, Fraud, Operational, Corporate Risk management.  Specializes in Fraud Control, AML/KYC Compliance ,QA ,ERM and Regulatory governance. 19
  20. 20. RESUMES - Our team Credentials  Head - Insurance Risk Advisory services , Associate of Indian Institute of Insurance Licensed Category A Insurance surveyor R. Gupta   26 years of experience in Insurance advisory services, Loss adjusting for large corporates,Claims management.  Has assessed more than 4500 high value insurance claims across various industry sectors.  Risk management inspection  Valuations of fixed assets for insurance purpose.  Head - Human Capital Management Nilesh Bhatia  Chartered Accountant, Lead Assessor ISO 9000, Six Sigma Trained, Trained on Situational Leadership, Trained on interviewing skills and Whole Message Model.  Over two decades of international, multi-cultural experience in finance and human resources viz. internal audit, accounting operations, accounting process review & re-designing, risk management, business solutioning, six sigma projects, talent acquisition, talent retention, organization design/redesigning, compensation and appraisal processing, employee and customer satisfaction surveys, knowledge management and finance services.  Worked with Citicorp/MGF, India Glycol, Delphi, American Express India, American Express USA, Fidelity International and Macquarie Global Finance Services India. 20
  21. 21. RESUMES - Our team Credentials  Co-founder- Riskpro Rajesh Jhalani  B.Com, FCA  Senior Partner with 48 year old Delhi based Chartered Accountant firm, Mehrotra and Mehrotra  Over 19 years of experience in the field of Audit, Taxation, Company law matters.  Major clients served are NTPC, BHEL, Bank of India, PNB, Airport Authority of India etc.  Specialist Risk Consultant – ERP & IT Compliance  SAP Certified, MBA (Finance), SAP Security trained (from SAP India), SAP GRC Access Gourav Ladha Controls trained (from SAP India)  Over 7 years of experience working in the area of ERP/IT Risk advisory, primarily focusing on SAP, for ‘Fortune 500’ clients in around 8 countries including US, UK, UAE, Hong Kong, etc  Specializes in SAP Risk & Controls Advisory, SAP Business Process Controls Audit, SAP Security & Segregation of Duties Control Audit, ERP Trainings,  Strong Industry experiences ranging from Beverages, Insurance, Energy, FMCG, Pharmaceutical, Retail, Telecommunication to IT Services  Worked for risk advisory teams of reputed organizations like Ernst & Young, EXL Services 21
  22. 22. RESUMES - PARTNERSHIPS Credentials Consultant – Information Security & IT Governance  LLB, CA, CISA, CWA, CS, CFE and others Anjay Agarwal  Over 15 years of experience in the field of Audit, Taxation, Investigations.  Specializing in the field of Systems Audit, Cybrex Audit, Computer Crime Investigations, IS Forensics  International Committee Member of Governmental and Regulatory Agencies Board and Academic Relations Committee of ISACA, USA  Consultant – Quality Management Founder of PMG, a TQM Consulting Co in Delhi Piyush Kumar   Mechanical Engineer  20+years experience in TQM concepts.  Strong skill set in various productivity & quality improvement projects including Six Sigma offerings  Past experiences include reputed organizations like Andersen Consulting, Eicher Consulting & Nathan & Nathan consultants 22
  23. 23. RESUMES - PARTNERSHIPS  Specialist Risk Consultant – Business ContinuityAndrew Hiles  Founder and 15-year Chairman of Survive, the first international user group for Business Continuity professionals  Founding director and first Fellow of the Business Continuity Institute  Over 25 years international consulting expertise in Risk, Crisis, Emergency, Incident, and Business Continuity and ICT Disaster Recovery Management  Multi-sector experience including Banking, Insurance, Finance, Oil, Gas, Energy, Manufacturing, Retail, Hi-Tech & Telecom  Western Press Award for services to business, 1994; BCI/CIR nomination for lifetime achievement in BC, 1999, London; inducted into BC Hall of Fame by CPM magazine, 2004, Washington DC.  Specialist Risk Consultant – Enterprise Risk ManagementChris E. Mandel  Highly skilled risk and insurance professional with 25 years of experience designing, developing and implementing large, global corporate risk management programs for Fortune 500 firms.  Principal Consultant and Founder - Excellence in Risk Management, LLC. (Texas, USA) Co-founder and EVP, Professional Services, rPM3 Solutions, LLC (Maryland, USA).  Past experiences include Head of Global Risk Management for USAA, PepsiCo/ Tricon Global and American National Red Cross  Additional risk and insurance experience at Verizon Corp,. Marsh USA and Liberty Mutual Insurance Co.  2004 Risk Manager of the Year – 2007 recipient of the Alexander Hamilton Award for “Excellence in ERM” (at USAA) – former President, Risk and Insurance Management Society, Inc. 23
  24. 24. Key Contacts Corporate Mumbai Delhi Bangalore Riskpro India Manoj Jain Rahul Bhan Casper Abraham Ventures (P) Limited Director Director Director M- 98337 67114 M- 99680 05042 M- 98450 61870 Sivaramakrishnan Hemant Seigell Vijayan Govindarajan President – Banking & FS SVP – Risk Management EVP – Risk Management C 561, Defence colony M- 98690 19311 M- 99536 97905 M- 99166 63652 New Delhi 110024 Ahmedabad Pune Kolkata Gurgaon Maulik Manakiwala M.L. Jain Kashi Banerjee Nilesh Bhatia Associate Firm Principal – Strategy Risk EVP – Risk Management Head – Human Capital Mgt. M – 98256 40046 M- 98220 11987 M- 98304 75375 M- 98182 93434 Gourav Ladha Sap Risk Advisory M- 97129 52955 Salem Ghaziabad Agra Chandrasekeran R Gupta Alok Kumar Agarwal Recruitment franchisee Head – Insurance Risk Associate Firm M – 94435 99132 M- 98101 07387 M- 99971 65253Copyright- © 2012 Riskpro ,India .All rights reserved. 24