Valuation of shares, convertible instruments and other financial assets for regulatory compliance, transactions and financial reporting. Each report is reasoned, documented and signed by a Registered Valuer.
The purpose, the base of value and the valuation date are settled at the start, because they determine which method is appropriate and which law the report must satisfy.
Reports required from a registered valuer under the Act and its rules.
Fair market value of unquoted shares and securities under the prescribed valuation rules.
Pricing reports for investment involving non-residents, as a Chartered Accountant, on an arm's length basis.
Fair value and liquidation value of securities and financial assets of a corporate debtor.
Fair value measurement for Ind AS and AS financial statements.
An independent view of value for decisions, negotiations and settlements.
Instruments with conversion features, liquidation preferences or redemption options are modelled with lattice and simulation techniques, not rule-of-thumb discounts.
FCFF / FCFE models with a supportable cost of capital and explicit forecast assumptions.
Trading multiples of listed peers, comparable transactions and recent rounds of investment.
Adjusted book value for holding, investment and asset-heavy companies, and for liquidation.
Black-Scholes, binomial lattices and Monte Carlo simulation for convertibles, ESOPs and waterfalls.
Terms, scope and fees are agreed in a written engagement letter before any work starts, as the valuer's code of conduct requires.
Purpose, base of value, valuation date and the applicable standards are agreed.
Independence check and a signed engagement letter setting out scope and terms.
Financials, projections and documents are gathered and management is consulted.
Methods are applied and cross-checked, with sensitivities on key assumptions.
A reasoned report in line with the Valuation Rules and the agreed standards is signed and issued.
Mr. Leeladhar Nakka is a Chartered Accountant and a Registered Valuer for the asset class Securities or Financial Assets under the Companies (Registered Valuers and Valuation) Rules, 2017.
He works with private companies, start-ups, investors, insolvency professionals and their advisers on valuations needed for corporate, tax, foreign-exchange and insolvency purposes. His accounting and audit background brings close attention to the financial statements and projections that every valuation rests on.
Each engagement is carried out and signed by him personally, in line with the applicable Valuation Standards and the code of conduct for registered valuers.
Engagements are accepted only after a conflict-of-interest check.
Every assumption is sourced and every working is kept, ready for regulators, auditors or courts.
Reports explain the reasoning in plain terms, not only the final number.
Client information is used only for the engagement it was provided for.
Share the purpose and the instrument involved. You'll receive a reply about scope, information needed and timelines.