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BIFM

Edge is Knowledge
TM

Company Valuation Financial Modeling


I really enjoyed the training - thank you very much!
Gauri Kuchhal Analyst, JM Financial

Nov 6 - Nov 9, 2008 (Thu-Sun) Nov 13 - Nov 16, 2008 (Thu-Sun)

Mumbai

Great program - fastest way to learn with a great instructor!


Rohaan Kapoor Associate, Dubai International Capital

A practical and comprehensive 8 day course designed to provide participants with a thorough understanding of:
Macroeconomic Aggregates impacting valuations Sector Dynamics and Drivers: Banking & Infrastructure Company Valuation Techniques & Applications using Excel Building Robust Financial Models from scratch Modeling for M&A transactions

Who should attend? The training program attracts participants from a wide range of institutions including banks, investment houses and corporate Equity Analyst Investment Banker Equity Trader Credit Analyst Fund Manager Strategist Treasurer Compliance Officer

Course Director Premananda Panda


Expert on equity valuation and capital raising transactions in Indian Corporate

I00% of past delegates would recommend this course!

Overview
BIFM Training

Company Valuation & Modeling


COURSE BACKGROUND Financial Modeling and Valuation are the key "building block" skills required in today's business, banking and financial services world. This training program is designed to provide anyone who needs to make financial decisions with a wide range of fundamental, analytical and forecasting skills. Valuation Matrix The course involves analysis of corporate valuation techniques, their appropriate application and their advantages and disadvantages. It considers a wide range of quantitative and qualitative factors that determine valuations. Case Study Approach Real-world case studies across industries are used to help participants build a framework of growth model, use valuation multiples to identify under and over valued companies, forecast cash flows to produce discounted cash flow valuations, construct steady financial models and model outputs to varying scenarios. Hands-on Training Hands-on training helps participants build these financial, valuation and LBO models on their own from scratch in our state-of-the-art labs.

The techniques taught in the course are intended to be of immediate practical use in the workplace!

The course begins at 10.00 am & concludes at 6.00 pm daily

Participants who complete the workshop successfully will receive a BIFM training certificate

COURSE DIRECTOR Premananda Panda has spent ten years working as research head and investment banker in India. He has principally worked in the equity markets as lead analyst on Indian corporate. He also has experience in corporate finance transactions including mergers, IPO's and capital raisings and has been Head of Private Equity at Karvy Investor Services in Mumbai. He holds a bachelors degree in commerce and is an associate member of The Institute of Chartered Accountants of India.

For lab sessions, personal one-on-one assistance is provided. The instructor will also offer any additional help if required.

Agenda
Mumbai

Company Valuation & Modeling

DAY ONE
ECONOMIC ANALYSIS FOR VALUATIONS Business Cyclicality, Trends and impact on asset valuation Macro Economic Indicators - Leading & Lagging Policy Implications and impact across sectors

FINANCIAL MODELING Understanding the Business & Revenue Model Building assumptions for future performance Standard Modeling Techniques Top-down vs Bottom-up Modeling Building a Fully Integrated Financial Statement Forecast with 5 years of projections and 3 years of historical data containing the detailed financial statements and relevant schedules Balancing the Model Sensitivity Analysis Reviewing, Interpreting and making decisions based on outputs

VALUATION FUNDAMENTALS AND TECHNIQUES Drivers of valuation: ROIC, WACC, Growth, Size Traditional vs Non traditional valuation metrics Comparable Company & Transaction Analysis Discounting Techniques and Cost of Capital Limitations, comparisons and blended approach

DAY SIX
VALUATION MODELING Framework for Comparables Input and Output Sheet Applying multiples to derive values Discounted Cash Flow Analysis Dilutions & Adjustments Disaggregating Enterprise Value with Equity Value Sensitivity Analysis

DAY TWO & THREE


INDUSTRY ANALYSIS: BANKING & INFRASTRUCTURE Sector Dynamics & Growth Drivers Investment and Profitability Analysis Operating Ratios Risk Analysis Assessing firms position in the sector Peer Comparison

DAY SEVEN & EIGHT DAY FOUR & FIVE


EXCEL FOR FINANCIAL MODELING

MERGERS & ACQUISITIONS (M&A): CONCEPT & MODELING M & A: A strategy to release value? Structure and Modeling Essentials Transaction Analysis: Cash/Swap Deal Standalone Valuation in a Merger Transaction Risk assessment and cost of capital Synergy Analysis Sources and Application of Funds Pro forma Balance Sheet, Control premium Sensitivity Analysis

Excel Best Practices Excel Functions for Modeling Data Tables Auditing

Registration and other information


BLB INSTITUTE OF FINANCIAL MARKETS BIFM is recognized as a financial education and training provider, offering an accelerated career path to finance professionals and individuals seeking to enter or advance in the finance industry. Our courses are designed to offer practical skills based knowledge.

COURSE FEE
INR 35,000 plus service tax, per person The course fee is inclusive of the following: Classroom Lectures and Handouts Fully integrated standalone company model FREE email support from instructor for 1 month

Participants are required to fill up the registration form and return it with the payment. An invoice will be give upon receipt of the registration form. Payment must be received in full prior to the course start. Please note that BIFM reserves the right to refuse admission to the training if proof of payment has not been received prior to the start of the program.

Course level Participants are required to have a working knowledge of accounting and basic excel Course Venue BLB Institute of Financial Markets (BIFM) Mahatre Pen Building, A-wing, 4th Floor, Senapati Bapat Marg, Dadar(West) Mumbai

TO REGISTER
Fill up the attached registration form and send it to us OR
SAVE MONEY - GROUP DISCOUNTS Discounts are applicable with three or more participants from one institution attending the same course date. This discount cannot be used in conjunction with any other offer.

CALL: 9818793719 E-MAIL: infocvm@bifm.edu.in

Training for Company Valuation and Modeling, 2008 BIFM reserves the right to alter any part fo the published program or faculty. In the event of course cancellation by BIFM due to unforseen circumstances BIFM limits its liability to refunding the tution fee of the course.

A must for all financial analysts!

Very practical course which will help participants think through the valuation/modeling process. The instructor is a professional and an expert in financial modeling.

Company Valuation Financial Modeling

Registration Form
Registration No. (To be filled by office)
Verification by Admissions Team (for office use only)

Yes! Please register me for:


Company Valuation & Modeling
Nov 6 - Nov 9, 2008 Nov 13 - Nov 16, 2008 Mumbai
Price: Final Price: (Inclusive of taxes) INR 35,000 plus taxes

Personal Details
First Name Last Name

Mobile E-Mail Position Company

Tel (Off/Res) City code Address Number

City

Pin

Academic Record
Qualification Bachelors Degree Masters/ Other Board/ University Marks (%) Grade Year of Passing

Payment
Demand Draft Direct Transfer

Remittance through Demand Draft ( DD should be in favor of BLB Institute of Financial Markets Limited payable at New Delhi)
DD Details Name of Bank DD Number Date Amount

On receipt of Registration Form and Amount, a receipt of confirmation will be sent to you. BIFM reserves the right to change or cancel the course dates due to unforseen circumstances. The companys liability will be limited to a transfer to the next appropriate date or a refund of the fee.

Procedures and Policies

CANCELLATION POLICY Participants who cancel or don't attend, are liable to pay the full course fee and no refund will be given. Also, the fee cannot be transferred to any other batch. CONDUCT Smoking, drinking, eating, chewing gum etc.. is strictly prohibited inside the campus. The institute reserves the right to expel a student on account of indiscipline or misconduct. COPYRIGHT BIFM handouts, PPTs, Tests, Excel Worksheets or any other material for training must not be duplicated or reproduced in any form. No part may be stored in any retrieval system. It must not be transmitted by any means, whether photocopying or recording, electronic or mechanical without the prior written permission of BIFM. Making copies of any portion for any purpose other than your own is a violation of Indian copyright laws. RIGHT TO CHANGE The institute reserves the right to amend any of the rules and regulation wherever considered necessary and appropriate. Such amendments will be intimated to the students. Therefore, this publication and the descriptions contained herein are not be construed as a contract binding the university to any specific policies. DISPUTES All disputes, differences of all kind and of all nature which may arise between the institute and the student shall be referred to the sole proprietor duly appointed by the Chairman of the institute. The said sole arbitrator can be a practicing advocate in Delhi High Court or a company secretary or an Academician. Not with standing any other provision of this application form, neither party shall be deemed to be in breach of this agreement, or otherwise be liable to other, for any delay in performance or the non-performance of any of its obligations under this agreement, to the extent that the delay or non-performance is due to any force majeure of which it has notified the other party and the time for performance of that obligation shall be extended accordingly. All disputes shall be subject to Jurisdiction of Courts in Delhi and the Jurisdiction of all other courts are expressly waived off.

DECLARATION
I, Resident of enrolled with BLB Institute of Financial Markets, as a participant of CVM Training for Nov 2008 batch, hereby declare that I shall not hold BIFM or any of its Directors, Managers responsible for any possible loss whether financial or physical caused by any accident or mis-happening either at the institute premise or while proceeding to and from BIFM.

I hereby also declare that the information provided by me is complete and correct in all respects. I have the read and understood all the registration, fee and general policies laid down here and I agree to abide by the terms and conditions laid down herewith.

Place Date Signature of the participant