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Vinod Kothari Consultants
Consulting and training services
What all do we do: Consulting services
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Structured
finance consulting: Consulting services on structured finance
transactions, securitisation transactions, derivatives transactions,
covered bonds, credit derivatives, structured credit trading, and so
on.
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Cashflow
modeling: Detailed cashflow modelling for securitization transactions,
starting from raw data of the loan pool, derivation of the required level
of credit support, development of probability distribution for defaults
and losses, determination of sizes of different classes and time tranches,
with complete structuring support, for variety of asset classes including
mortgage loans, auto loans, credit card receivables, microfinance
receivables, future flows, and so on.
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Valuation
of mortgage backed securities, asset backed securities, CDOs, etc: We
specialise in valuation, be it for mark-to-market accounting purposes or
for the purpose of shareholder/management evaluation MBS, ABS, CDOs,
CLOs or other similar securities
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Asset
backed financing transactions: structuring and advisory services on
complicated asset backed financing transactions, leasing transactions,
leveraged leases, cross border leases, and so on.
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Microfinance transactions: We are regarded as premier consultants on
development, corporatisation and scaling up of microfinance institutions
in different parts of the world.
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Affordable
housing finance solutions: We have been advising companies and
international agencies on initiatives on micro mortgage financing and
affordable housing finance solutions. We have done work in this area for
entities in several parts of the world.
What all do we do: Training services
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Training on
structured finance and advanced topics in finance: Please see our
workshops, forthcoming and recent, at
www.vinodkothari.com/secwork.htm
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Training on
topics in finance. We work with a network of faculties and provide
training workshops/training programs on a wide range of topics in finance.
See some of our training workshops at
www.vinodkothari.com/finwork.htm
VINOD
KOTHARI CONSULTANTS PRIVATE LIMITED
PROFILE
Vinod kothari consultants – general
introduction and experience
For a presentation on our capabilities and services,
see here.
Vinod Kothari Consultants Private Limited is a
consulting company focused on providing consulting services in the field of
securitisation, derivatives, asset based financing and related areas.
The company is headed by Mr. Vinod Kothari. Vinod
Kothari is an internationally known expert in fields of securitisation,
asset backed financing and credit derivatives. Author of 5 authentic books,
Vinod Kothari lectures all over the world in the areas listed above. Vinod
Kothari is also a visiting faculty at Indian Institute of Management, Joka,
Calcutta, where he teaches structured finance, and at National University of
Juridicial Sciences, Calcutta, where he teaches bankruptcy laws. Vinod
Kothari, chartered accountant and company secretary, is a former chairman of
the Institute of Company Secretaries of India.
Vinod Kothari Consultants has several affiliates who
are reputed finance professionals and who collaborate with Vinod Kothari
Consultants for consulting/training assignments.
The company has a team of consultants, interns and
trainees. These include young and brilliant professionals from the Institute
of Company Secretaries, Institute of Chartered Accountants, interns from the
National University of Juridical Sciences and students of the Indian
Institute of Management. Needless to emphasize, these young professional
provide a constant resource of research, project preparation, documentation,
etc.
The company has been around providing focused
consulting services in the field of structured finance, securitisation,
derivatives and asset based funding for almost 10 years now. In addition,
Vinod Kothari has been a noted name in the fields listed above for almost 20
years now.
While a substantial amount of our is in the form of
one-off consulting assignments or retainerships, we have executed several
significant assignments, some of which are listed below:
Consulting assignments for securitisation
- We
have done cashflow modeling for securitisation of home loan receivables,
first transaction in the country, on behalf of a rating agency in
Philippines. The assignment included complete cashflow model based on
historical loan performance data, finding out stress levels and
computation of credit and liquidity enhancement for the transaction.
- We
have been engaged in advising the Government of Jordan on a project
relating to affordable housing in Jordan. We would be advising the
government on appropriate funding plans, as also in laying down legal
framework for securitisation or sukuks as may be the result of the study.
- We are
currently executing an assignment along with IMACS, an affiliate of CARE
(rating agency) for imparting training on IFC Washington’s mortgage
toolkit for affordable housing finance. The assignment has already run
for over a year and expected to continue.
- We are
currently executing an assignment for IFC Washington for training Indian
banks on use of the securitisation law (Indian law for enforcement of
security interests) for better management of secured lending transactions.
- The
Securities Exchange Board of India took our expert advice in drafting of
the regulations relating to listing of asset backed securities.
- The
Securities Exchange Commission Sri Lanka has taken our inputs on taxation
of securitisation transactions and the drafting of the securitisation law.
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Providing comprehensive modeling and structuring consulting to a South
African boutique investment bank on securitisation of mortgage loans.
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Providing comprehensive consulting on securitisation of consumer finance
receivables to Moccis, a company based in Malaysia. We adopted a hand
holding approach to their securitisation effort including basic guidance,
advising on the financial economics, structuring of their proposed
securitisation, etc.
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Assisting the South African Revenue Service (income-tax department of
South Africa) in preparation of a taxation manual for securitisation and
synthetic securitisation transactions. We prepared a detailed guideline on
securitisation and assisted them to prepare a taxation scheme to ensure
tax neutral and yet robust taxation environment.
- Vinod
Kothari has been on an Asian Development Bank consulting group to advise
the Government of India on securitisation and enforcement of security
interest laws in India. The group is responsible for suggesting
comprehensive amendments to the SARFAESI Act in India to make
securitisation and security enforcement laws effectively work in the
country.
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Year-long retainership with Citibank for their securitisation activities
in the country. During this term, we advised the bank on several
securitisation transactions where Citibank was the structurer/investment
banker.
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Advising Cognizant Technologies, an IT Company headquartered in the USA,
on structuring and modeling of residential mortgage backed transactions.
Cognizant engaged us for a 6-month consulting contract for the modeling
project that they envisaged for leading US banks (such as Deutche,
Washington Mutual). This project required us to prepare detailed Excel
models for real life securitisation transactions, primarily of residential
mortgages, from the US market.
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Advising Infosys Technologies, a leading IT company, to set up the
functional requirements for a securitisation module to be added to their
software products. This assignment required us to take the company step by
step through securitisation procedures and prepare cashflow models for
various types of securitisation transactions.
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Advising GE Capital, a leading finance house, on several of their
securitisation transactions. We have been engaged to vet and vouch
information memoranda for securitisation transactions, check essential
financial data, and advise the company on taxation and accounting
requirements.
- Our
services were retained for 2 years by CARE a rating agency on a
retainership basis. The scope of the retainership includes advising the
rating agency on their structured finance ratings basis, and in
particular, in developing models for securitisation transactions.
Consulting assignments in the field of
leasing and asset-based funding areas
- Our
services were retained by an Egyptian leasing company (partnering with a
Govt of Egypt bank) for starting leasing business in Egypt for
agricultural equipment. The assignment included end-to-end services with
field study, preparation of business plan and operations manual.
- We are
known in the country for number one position as consultant in the matter
of leasing and asset based funding. We have engaged by every significant
name that matters in the field of asset based finance including State Bank
of India, Canara Bank, Indian Railway Finance Corporation, ICICI, HDFC,
Kotak Mahindra, Development Credit Bank, Tata Finance Ltd., Apple
Industries Limited, etc.
- We
have acted as retainer to Citibank for their asset-backed finance
business.
- We are
currently acting as an active support provider to GE Capital, the world’s
largest non-banking leasing company.
- We are
engaged on consulting in operating leasing for a telecom hardware company,
which is the largest in its field in India.
- We
have acted as a consultant to Infosys Technologies to prepare functional
requirements for a comprehensive IT solution for leasing transactions.
- We
have advised several companies in the USA, France and other places on
one-off basis relating to leasing activities.
- Vinod
Kothari is one of the directors of Association of Leasing and Financial
Services Cos., India. This is a body of top leasing companies in the
country.
Staff at Vinod Kothari Consultants
Highly motivated and ambitious research assistants and associates work
at our firm. The work environment itself requires them to spend substantial
time on reading, writing and speaking.
In addition, to encourage reading, articulate thinking and writing, our
research associates write several articles/make presentations in internal
training sessions.
For some of our staff presentations, click
here
For Recent Issues & Developments, click
here
CONTACT US AT
Vinod Kothari
1012, Krishna
224 AJC Bose Road
Calcutta - 700 017. India
Phone 91-33- 22817715/ 22811276/ 22813742
Fax 91-33- 22817715/ 22811276
Cell: 91-98310 78544
Mumbai Office:
222, Ashoka Shopping
Centre
2nd Floor, LT Road
Near GT Hospital
Mumbai - 400 001
022-22675600
Websites: http://www.vinodkothari.com
http://www.india-financing.com
http://www.credit-deriv.com
E-mail:
vinod@vinodkothari.com
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Our books on securitisation