Scope of Work for Valuers
The Valuer shall carry out valuation exercise as per the following scope of services:
(a) Undertake valuation of securities (including market value, fair value &realizable value) available
to lenders of the company which inter-alia include the following:
(i) Loan Assets of the company – Both Retail as well as Wholesale Loan Assets
(ii) Shares of its seven (7) subsidiaries / associates / joint ventures (JVs)
(iii) Fixed assets of the company
(iv) Other assets of the company
(b) Undertake business valuation of the company to arrive at Enterprise Value and Equity Value of
shares of the company. Some of part valuation needs to be undertaken to arrive at the same.
(c) Undertake business valuation of all other companies held by the company to arrive at Enterprise
value and Equity value of shares of other companies held by the company.
(d) The Valuer shall provide recent comparable Benchmark for transaction/ deals concluded in the
sector in which each of the above entities operate.
(e) The Valuer shall also provide liquidation value of the company.
(f) The Valuer shall adopt appropriate valuation technique for all the above valuation exercise. The
Valuer shall inter alia undertake the following steps to carry out the valuation exercise:
(i) Collection of data pertinent to the current business of each of the above entities for
valuation exercise including data provided by the company Group /Lenders, industry data
and relevant economic and market information;
(ii) Analysis of the economic and competitive environment in which each of the above entities
operates;
(iii) Review of historical financials and financial projections;
(iv) Determination of valuation parameters and key assumptions;
(v) Estimation of valuation and sensitivity analysis;
(vi) Preparation of valuation reports of the company on the recommendation of valuation, as
well as the methodologies employed, and assumptions utilized in the analyses.
The above exercise would be carried out by conducting management meetings, meetings with
operations team of different verticals as well as sample checks on the projects where advances has
been given by the company. The above exercise shall be carried out within the agreed timelines
(i.e. 4 weeks). Further the Valuer agrees to coordinate with the company and its officials for seeking
information in relation to the above exercise.