Embed Size (px)
DESCRIPTION
Riskpro India is a specialized Risk Management Consulting firm providing risk management advisory, risk trainings, internal audits, forensic accounting, investigations, fraud prevention, process reviews services etc. Real estate services involves the purchase, ownership, management, rental and/or sale of real estate for profit. Improvement of realty property as part of a real estate investment strategy is generally considered to be a sub-specialty of real estate investing called real estate development. Real estate is an asset form with limited liquidity relative to other investments. Management and evaluation of risk is a major part of any successful real estate investment strategy where risk occurs in many different ways at every stage of the investment process from sale, purchase, tenancy to market and environmental conditions where one needs a prudent approach for mitigating potential risks in this business for investors, buyers, sellers and vendors. Basis above backdrop we’re pleased to launch our comprehensive Real estate Risk advisory services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
Citation preview
1
Real Estate Risk Advisory Services
Riskpro India Ventures (P) Limited New Delhi, Mumbai, Bangalore
2
Who is Riskpro… Why us?
ABOUT US
Riskpro is an organisation of member firms around India devoted to client service excellence. Member firms offer wide range of services in the field of risk management.
Currently it has offices in three major cities Mumbai, Delhi and Bangalore and alliances in other cities.
Managed by experienced professionals with experiences spanning various industries.
MISSION
Provide integrated risk management
consulting services to mid-large sized corporate /financial institutions in India
Be the preferred service provider for complete Governance, Risk and Compliance (GRC) solutions.
VALUE PROPOSITION
You get quality advisory, normally delivered by large consulting firms, at fee levels charged by independent & small firms
High quality deliverables
Multi-skilled & multi-disciplined organisation.
Timely completion of any task
Affordable alternative to large firms
DIFFERENTIATORS
Risk Management is our main focus
Over 200 years of cumulative experience
Hybrid Delivery model
Ability to take on large and complex projects due to delivery capabilities
We Hold hands, not shake hands.
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
4
Risk Management Advisory Services
Training Recruitment
Basel II/III Advisory Market Risk
Credit Risk
Operational Risk
ICAAP
Corporate Risks Enterprise Risk Assessment
Fraud Risk
Risk based Internal Audit
Operations Risk
Forensic services
IT Risk Advisory IS Audit
Information Security
IT Assurance
IT Governance
Operational Risk Process reviews
Policy/ Process Review
Process Improvement
Compliance Risk
Insurance Risk
Governance Corporate Governance
Business Strategic risk
Fraud Risk
Forensic Accounting
Other Risks Business/Strategic Risk
Reputation Risk
Real estate risk
Contractual Risk
Banking – E Learning
Corporate Training
Regular Risk Management Training
Online Training material
Project Management/Soft Skills
AML-KYC/ ISO 31000 standards
Virtual Risk Managers
Full Time Risk Professionals
Part time Risk Professionals
Risk Managers on call – free
S E
R V
I C
E S
5
Our Network Presence
New Delhi
Mumbai
Bangalore
Ahmedabad
Pune
Agra
Salem
Kolkata
6
Real estate Market- India Perspective
Real estate plays a crucial role in the Indian economy. It is the second largest
employer and is slated to grow at 30% over the next decade. The Indian real
estate market size is expected to touch $180 billion by 2020.
The housing sector alone contributes to 5-6% of the country’s GDP. Retail,
hospitality and commercial real estate are also growing significantly, providing
the much-needed infrastructure for India’s growing needs.
Construction industry ranks 3rd among the 14 major sectors in terms of direct,
indirect and induced effects in all sectors of the economy. A unit increase in
construction expenditure generates five times the income, having a multiplier
effect across the board. With backward and forward linkages to over 250
ancillary industries, the positive effects of real estate growth spread far and wide.
Truly, real estate is a growth engine for India’s economy – as per ICRA study.
The growing flow of foreign direct investment (FDI) into Indian real estate is
encouraging increased transparency. Developers, in order to attract funding,
have revamped their accounting and management systems to meet due
diligence standards. Customers have also benefited from a hassle-free
accounting system.
7
Typical Risks in Real Estate sector
Construction risk
Project cash flows vs. debt servicing
Market Environment
Project Net Operating Income (NOI) and LTV (Loan to value)
Financial strength of Developer & Guarantor
Collateral coverage
Property Technical valuation – FIS/FAR ratio
Legal compliances- Ownership/Title
8
Early Warning Risk Indicators
General Loan Characteristics
• Interest or other contingency reserves have been
depleted
• Delinquent payments because contingency reserves
have been depleted
• Requests for extensions, waivers, or similar changes
in conditions or terms of the loan - especially if these
were not provided for in the original documents
• Lapse or inadequate insurance coverage
• A new subordinated lender or partner involved in the
project
• Deferred maintenance has been noted and has not
been corrected in a timely manner
Construction Risk Characteristics
•Loan is “out of balance” and borrower is unable or
refuses to contribute required equity
• Cost overruns which change the scope or nature of
the project (i.e., improvements of a special purpose
nature or over-improvements which may limit the
refinancing/sale prospects for the project)
• Detrimental comments or concerns voiced by the
inspecting architect, including hard costs exceeding
physical completion
• Construction slower than typical or projected
• Major and/or numerous changes in plans and
specifications
• Excessive change orders and/or substitution of lower
quality materials
Project Cash flows Characteristics
• Projected or actual depletion of interest reserve
•Preleasing contracts voided
• Increasing vacancy, decreasing effective lease rates,
increasing expenses, or the offering of concessions
Market Characteristics
• Unanticipated concessions are being granted in the
marketplace to attract tenants
• Deteriorating economic climate such as increase in
competition, increase in supply, decrease in demand,
or increase in interest rates
• Major variances from original underwriting
assumptions
Borrower-Developer-Guarantor
Characteristics
• Changes in key personnel/management or
responsibilities of key personnel have changed
•Borrower is unresponsive or uncooperative to
requests to furnish information on the project or overall
financial condition
• Delays in closing on permanent financing
• Occupancy, cash flow, or financing problems in other
real estate owned/developed by the borrower
• Problems or renegotiations by borrower on other
debt
• Legal actions, including significant mechanics liens,
against borrower, developer, guarantor, partner,
contractor or other concerned party
• Adverse publicity
9
Our Risk Advisory Spectrum
National Developer
ratings
Real estate ratings
Lending Risks review
Review of valuation standards
Credit Assessment scorecards-
PD,LGD
Asset quality assessment
Lease structure & Strategy consulting
Financial Risk management
Amortization schedule review & management
Risk Mitigation Strategies
Legal & technical validation
checks
Refinancing risk advisory
Property Insurance
advisory and framework
Funding and due diligence
risk management
10
Our Services Proposition- Across Value Chain
INVESTORS
1. Transactions
2. Portfolio Management
3. Analysis
4. Marketing
5. Reporting
BANKS
1. Basel III guidelines
2. Loan pricing
3. Management
4. Covered bonds
5. Securitization
6. Risk management
team
VALUERS
1. Valuation check
2. Consistency
3. Risk premiums
4. Analysis
5. Quality of advice
11
Integrated Risk Management Solutions
Risk Approach Model
Developer
-Project modeling based on market
conditions and the marketing power and
track records of the participants to
assess the risk of the project.
- Real estate market conditions
- Construction risk (cost overruns, delays)
- Take-out financing/valuation requirement
- Pre-sale figures
Construction Company
-Corporate modeling with industry
adjustments to estimate the probability
of repayment from company revenue.
- Financial position
- Company track record
- Management quality
Property
-Cash flow modeling
-Estimate the probability of repayment
from property income.
- Loan term and structure, location,
property quality
- Real estate forecasts
(supply, vacancy, rents)
- Capital market forecasts
(inflation, interest rates)
Integration Layer
Overall Credit Risk Assessment
12
Our Commitment
Unparalleled Expertise and Thought Leadership
Professionals with practical experience as former analysts, practitioners
Indepth experience in risk assessment
Independent evaluations and insights
Understanding of your business and customer needs
Proven Methodologies and Data
Leading edge tools, robust and validated models, transparent frameworks
Comprehensive credit risk data set drive immediate results
Comprehensive Solutions
Multidisciplinary and integrated view of risk management across the value chain
Customized solutions to your needs
Advanced portfolio optimization, for more effective decision-making
13
Riskpro Clients
Our Clients
*Any trademarks or logos used throughout this presentation are the property of their respective owners
14
Team Experiences Our Experiences
*Any trademarks or logos used throughout this presentation are the property of their respective owners
Our team members have worked at world class Companies
15
RESUMES – Our team
Co-Founder - Riskpro
CA, CPA, MBA-Finance (USA), FRM (GARP)
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)
Ma
no
j Ja
in
Co- Founder - Riskpro
CA (India), MBA (Netherlands), CIA (USA)
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.
Ra
hu
l B
ha
n
Credentials
16
RESUMES - Our team
Co-Founder - Riskpro
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,
Ca
sp
er A
bra
ha
m
Credentials H
em
an
t S
eig
ell
Sr Vice President – Risk Management
MBA, PDFM,NSE-NCFM, PMP, CSSGB,ISO 9001:2000 I.A,GARP-FBR, ITILV3,CPP-BPM
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.
17
RESUMES - Our team
Head - Insurance Risk Advisory services
B.sc, Associate of Indian Institute of Insurance
Licensed Category A Insurance surveyor
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.
R. G
up
ta
Credentials
Head - Human Capital Management
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.
Nile
sh
Bh
atia
18
RESUMES - Our team
Head – Taxation Risk Advisory
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.
Ra
jesh
Jh
ala
ni
Credentials
President – Banking & Financial Services
A senior researcher in Applied Mathematics leading to Ph.D after MSc (Mathematics), CWA, CAIIB
Combined experience of 25+ years in corporate banking, risk management, international trade finance, development of risk rating models, project finance, credit monitoring and NPA management
Since 2006 conducting open / in-house training on the above domains to all Top public/ new and old private sector banks, top MNC banks (India and abroad), leading NBFCs and corporates in manufacturing and financial services space; Worked on IFC (World Bank) funded projects for MSMEs in India and abroad
Worked for Bank of Baroda and ICICI Bank – bestowed Top Performer Award continuously two years during his tenure; widely travelled abroad for business relations, seminars, offering training, investor meetings, NYSE listing and for processes involving establishment of representative Office in USA
Siv
ara
ma
krish
na
n
19
Executive Vice President – Risk Management ( Banking & Financial Services)
A hands-on banking professional {BSc (Mathematics), CAIIB} with considerable domestic and international experience
An aggregate experience of 24+ years across industry, mainly BFSI in several functional areas including Retail and Commercial Banking, Corporate Lending, team member of the Business Process Re-Engineering project (BPR); conceptualizing and setting up shared services centres for centralized operations for the Bank in India.
Management through ERM framework overseeing all key areas of the business through various Operational Risk tools like KRI / RCSA matrices. Managing of major project implementation of Basel II and Compliance risk framework
Directing, reviewing and advising Board of Directors on various compliance issues and representing the bank to the Central Bank regulatory offices.
Worked for ANZ Grindlays Bank, Standard Chartered, Bahraini Saudi Bank and Dubai Holdings ( subsidiary)
Ka
sh
i B
an
erje
e
RESUMES - Our team Credentials
Consultant – Information Security & IT Governance
LLB, CA, CISA, CWA, CS, CFE and others
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
An
jay A
ga
rwa
l
20
Executive Vice President – Risk Management ( Banking & Financial Services)
Professional Risk Manager with considerable domestic and international experience
An aggregate experience of 30 + years across industry, mainly Banking in several functional areas including Wholesale Credit Risk, Operational Risk, Trade Finance , Retail Banking and Islamic Financial Services.
Track record of setting up of excellence in the set-up, and management of credit and operational risk, compliance and credit administration functions in retail, commercial , Islamic Banking and offshore banking entities in the Middle East.
Key strength includes Corporate Credits, Risk Management in IT, implementation of Risk Management module in core banking Bank’s Policies, procedures, Country Risk. Played an active role in 3 core banking software implementations
Worked for a Private Sector Bank in India, ABN AMRO Bank, Bahrain, Bank Muscat Bahrain and BMI Bank Bahrain as AGM Risk Management.
Vija
ya
n G
ovin
da
raja
n
RESUMES - Our team Credentials
21
Specialist Risk Consultant – Business Continuity
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.
Andre
w H
iles
RESUMES - PARTNERSHIPS
Specialist Risk Consultant – Enterprise Risk Management
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.
Ch
ris E
. M
andel
22
RESUMES - Advisors
Founder partner of Mehrotra and Mehrotra, a 48 year old CA firm in India
B.Com, FCA, LLB
Over 48 years of experience in audits, taxation, legal matters, loan syndication etc.
Trustee of Cochin Port Trust, Member of Task Force for MOUs, Ministry of Heavy
Industries & Public Enterprises, Govt. of India, Ex- Member of Central Board of
Trustees, Employees’ Provident Fund Organisation (EPFO), Ministry of Labour,
Govt. of India, New Delhi.
Ex - Director, Canara Bank Mr.
MP
Me
hro
rta
Practicing chartered accountant in Delhi
CA, ICWA
Over 35 years of professional experience.
Trustee, Kargil Shaheed Smarak Samiti
Hon. Treasurer, World Academy of Spiritual Sciences (WASS).
Panel Arbitrator, International Centre for Alternative Dispute Resolution
Arbitrator, Cement Corporation of India
Arbitrator, Bombay Stock Exchange Limited
Arbitrator, Central Depository Services (India) Limited
Arbitrator’s Panel of Indian Council of Arbitration
Mr.
PK
Gu
pta
Credentials
23
Key Contacts
Corporate Mumbai Delhi Bangalore
Riskpro India
Ventures (P) Limited
www.riskpro.in
C 561, Defence colony
New Delhi 110024
Manoj Jain Director
M- 98337 67114
Sivaramakrishnan President – Banking & FS
M- 98690 19311
Rahul Bhan Director
M- 99680 05042
Hemant Seigell SVP – Risk Management
M- 99536 97905
Casper Abraham Director
M- 98450 61870
Vijayan Govindarajan EVP – Risk Management
M- 99166 63652 [email protected]
Ahmedabad Pune Kolkata Gurgaon
Maulik Manakiwala Associate Firm
M – 98256 40046
Gourav Ladha Sap Risk Advisory
M- 97129 52955
M.L. Jain Principal – Strategy Risk
M- 98220 11987
Kashi Banerjee EVP – Risk Management
M- 98304 75375
Nilesh Bhatia Head – Human Capital Mgt.
M- 98182 93434
Salem Ghaziabad Agra Hyderabad
Chandrasekeran Recruitment franchisee
M – 94435 99132
R Gupta Head – Insurance Risk
M- 98101 07387
Alok Kumar Agarwal Associate Firm
M- 99971 65253
Phanindra Prakash Member Firm
M- 95500 61616
Copyright- © 2012 Riskpro ,India .All rights reserved.
24
Key Contacts (Continued)
Corporate Bangalore
Riskpro India
Ventures (P) Limited
www.riskpro.in
C 561, Defence colony
New Delhi 110024
Ravikiran Bhandari VP – IT Risk Advisory
M- 99001 69562
Copyright- © 2012 Riskpro ,India .All rights reserved.
