Valuation of Modi rubber limited; Citibank N A

Abstract

MODI RUBBER LIMITED is in the midst of the implementation of a strategic growth and expansion plan that includes a financial restructuring of the company and the implementation of the radial tyre project. The company is also actively considering a GDR issue to procure long term source of funds. This report is an inquiry into providing a fair market value of the company. The research brief includes a review of the industry and the company's nature of business, the financial health of the company and its earning capacity, important trends interpreted through past performance of the company. The report also examines the experience of the stock market in drawing risk - reward equations, with Modi Rubber and other similar entities.