Valuation Transaction Consulting Real Estate Advisory

American Appraisal
Corporate Profile

2011

The American Appraisal Difference

American Appraisal is one of the worlds largest independent financial advisory firms offering a full suite of valuation and related advisory services. Valuation expertise
Over 110 years of experience as valuation consultants Numerous leadership roles in professional organizations like AITF, ASA, IPT, NCREIF, RICS, TAF, AGA and others Unrivalled interaction with key international valuation standard setting agencies ASA, FASB, IASB, IVSC, AITF and PCAOB

Global
Over 1,000 employees in 64 offices across 27 countries across the globe Demonstrated ability to provide seamless cross-border services facilitated by global industry specialist groups Uniformity of valuation procedures across the firm based on internationally recognized standards and in full compliance with local regulations

Client-focused
50% of Fortune 500 companies are our clients High percentage of repeat business demonstrating high levels of client satisfaction

Independent
No attest services , therefore independent of any audit conflicts

American Appraisal and its consultants have been relied upon by numerous clients since 1896. We have successfully responded to our clients evolving needs locally and globally.
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Global Network of Offices

Australia Sydney Bulgaria Sofia Brazil So Paulo Canada Montreal Toronto Vancouver China Beijing Guangzhou Hong Kong Shanghai Shenzhen Czech Republic Prague

France Paris Germany Berlin Frankfurt

Japan Tokyo Kazakhstan Almaty Luxembourg

Russia Moscow St. Petersburg Spain Barcelona Bilbao Madrid Majorca Porto Taiwan Taipei City Thailand Bangkok Turkey Istanbul Ukraine Kiev

United Kingdom London United States Atlanta Charlotte Chicago Dallas Denver Detroit Houston Lisle Los Angeles Milwaukee New York Philadelphia Pittsburgh Princeton San Francisco Washington, D.C.

Greece Athens Hungary Budapest India Bengaluru Mumbai New Delhi Italy Bologna Milan Padua Pesaro Rome Savigliano Turin

Luxembourg Netherlands Rotterdam Poland Warsaw Portugal Lisbon Porto Romania Bucharest Timisoara

Our Presence in India

Offices in Mumbai, Delhi and Bengaluru Team comprises professionals with Big 4 backgrounds and several decades of combined experience in providing valuation services

Service offerings
Valuation Services for strategic and reporting purposes (IFRS/ US GAAP/ IGAAP)
Business enterprise / equity valuation Purchase price allocation / Impairment analysis Valuation of intangible assets like brands, patents, technology, customer relationships, etc. Valuation of tangible assets and real estate assets Componentization/ cost segregation Valuation of financial instruments (swaps, derivatives, convertible instruments, ESOPs) Swap ratio determination for mergers Periodic PE portfolio valuations

Transaction Consulting
M&A advisory and negotiation support Financial & Accounting Due-diligence Technical Due-diligence

Business Advisory
Preparation of business plans / financial models

India Representative Engagements

PPA and Business Valuation/ Impairment testing for acquisitions of

PPA and Business Val/ Impairment testing for acquisitions of

PPA for acquisitions of

PPA for acquisition of

CITOS

Valuation and componentization for IFRS implementation

Pre- and Post-transaction PPA for acquisitions of

Business Valuation of various subsidiaries and Financial Instruments Valuation

Valuation of various tangible and intangible assets

India Representative Engagements (contd.)

PPA for acquisitions of

Impairment testing, IP and Financial Instruments Valuation

Valuation of various real estate assets across India

Valuation and componentization for IFRS implementation

PPA for several acquisitions of hydro and biomass power projects

PPA for acquisition of

PPA for acquisition of

Business Valuation of intra-group companies for tax purposes

India Representative Engagements (contd.)

Valuation of Preference Shares and Warrants; PPA for acquisition of

Valuation of forwards, options, swaps; Business/ Equity Valuation

Valuation of interest rate swaps

Valuation of different series of preference shares for tax purposes

Valuation of redeemable convertible preference shares and underlying hydro power projects

Valuation of complex convertible securities and underlying power projects

Valuation of optionally convertible preference shares

Valuation of redeemable convertible preference shares

India Representative Engagements (contd.)

Portfolio Valuation

Portfolio Valuation (SFAS 157)

Portfolio Valuation and Due Diligence

Portfolio Valuation and Investor Due Diligence

Life sciences Portfolio Valuation

Portfolio Valuation

Financial Analysis

IP Valuation

Appendices I. II. Representative client list: Global Fortune 500 Professional Credentials

I. Representative client list: Global Fortune 500

ABB Ltd. ABN Amro AES Corp. AkzoNobel, Inc. Alcoa American Electric Power AstraZeneca AT&T Corp. BAE Systems Bank of America Corp. Bank of China Bank of Nova Scotia Bank One Corp. Barclays BASF Corporation Bayer Thai BellSouth Corporation BMW BNP Paribas The Boeing Company Robert Bosch BP Bridgestone/Firestone Inc. Bristol-Myers Squibb British Airways CIBC Cardinal Health, Inc. Chevron Texaco Cisco Systems, Inc. Citigroup The Coca-Cola Company ConocoPhillips, Inc. Continental AG Credit Suisse DaimlerChrysler Dana Corporation Deere & Co. Delphi Corporation Delta Air Lines, Inc. Deutsche Bank Diageo, PLC Duke Energy Corporation Eastman Kodak Company Edison International Electrolux AB Ericsson, Inc. Exxon Mobil Corporation FedEx Corporation Fiat FleetBoston Financial Corp. Flextronics International Ford Motor Company Fuji Photo Film General Electric Company General Motors Corporation GlaxoSmithKline Goodyear Hitachi Honda Motor Honeywell International HSBC ING North American Group Intl Business Machines Corp. Isuzu Motors Itochu J.P. Morgan Chase Kimberly-Clark Corporation LaFarge Canada Inc. Lehman Brothers Eli Lilly, Inc. Lockheed Martin LOreal Lowes Companies, Inc. Lucent Technologies Marubeni America Corp. McDonalds Merck & Co., Inc. Merrill Lynch Mitsubishi Mitsui NEC Corporation Nestle Nissan Motor Nortel Networks Northrop Grumman Corporation Novartis Pepsico Petronas Pfizer Philip Morris USA Procter & Gamble Prudential Financial, Inc. Qwest Communications Raytheon Company RepsolYPF Royal Bank of Canada Royal Dutch/Shell Saint-Gobain Sara Lee Schering-Plough Corporation Seiko Instruments Siemens Societe General Sony Sprint Corporation Sumitomo Sun Life SYSCO Corp. Tenet Healthcare Corporation Tesco Corporation Textron, Inc. Thales Group Toyota Motor Unilever UnitedHealth Group Verizon Wireless Vivendi Universal Vodafone Volkswagen Volvo AB Wachovia Corporation Walgreen Co. Wal-Mart Stores, Inc. Wells Fargo Weyerhauser Whirlpool Corporation Wyeth Xerox Corporation

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II. Professional Credentials

Thought Leadership in Professional Organizations
AICPA/ FASB/ IASB & SEC Valuation Task Forces American Association of Cost Engineers American Society of Appraisers (ASA) Appraisal Institute (MAI) Appraisal Issues Task Force (AITF) Association of Government Accountants (AGA) Association for Investment Management & Research Certified Public Accountants (AICPA) Counselors of Real Estate (CRE) Indian Venture Capital Association (IVCA) Institute for Professionals in Taxation International Valuation Standards Committee (IVSC) National Association of Accountants National Council of Real Estate Investment Fiduciaries (NCREIF) National Property Management Association Royal Institution of Chartered Surveyors (RICS) The Appraisal Foundation (TAF) The European Group of Valuers Associations (TEGoVA) The Institute of Chartered Accountants of India (ICAI)

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India Contacts
Varun Gupta
Managing Director vgupta@american-appraisal.com

N Santosh
Director nsantosh@american-appraisal.com

Mumbai:
Level 1, Trade Centre Bandra-Kurla Complex, Mumbai - 400 051 Tel - +91 22 4070 0200 Cell - +91 99676 64231 www.american-appraisal.co.in

Bangalore:
Level 9, Raheja Towers 26-27 MG Road, Bangalore - 560 001 Tel - +91 80 4180 0939 Cell - +91 99453 66221 www.american-appraisal.co.in

Abhishek Pandey
Vice President apandey@american-appraisal.com

New Delhi:
206, Surya Kiran 19, KG Marg, New Delhi - 110001 Tel - +91 11 4610 8560 Cell - +91 99108 90123 www.american-appraisal.co.in

Valuation / Transaction Consulting / Real Estate Advisory

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