Case study

Case study presented. I need the questions answered within the case study. I will attach the case study below. 

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This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

210-024 One South: Investing in Emerging Markets (A)

2

Exhibit 1 Project Icarus Investment Memo

This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

One South: Investing in Emerging Markets (A) 210-024

3

Exhibit 1 Project Icarus Investment Memo (Continued)

This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

210-024 One South: Investing in Emerging Markets (A)
4
Exhibit 1 Project Icarus Investment Memo (Continued)

This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

One South: Investing in Emerging Markets (A) 210-024

5

Exhibit 1 Project Icarus Investment Memo (Continued)

This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

210-024 One South: Investing in Emerging Markets (A)

6

Exhibit 1 Project Icarus Investment Memo (Continued)

This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

One South: Investing in Emerging Markets (A) 210-024
7
Exhibit 1 Project Icarus Investment Memo (Continued)

This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

210-024 One South: Investing in Emerging Markets (A)

8

Exhibit 1 Project Icarus Investment Memo (Continued)

This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

One South: Investing in Emerging Markets (A) 210-024

9

Exhibit 1 Project Icarus Investment Memo (Continued)

This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

210-024 One South: Investing in Emerging Markets (A)

10

Exhibit 1 Project Icarus Investment Memo (Continued)

This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

One South: Investing in Emerging Markets (A) 210-024

11

Exhibit 1 Project Icarus Investment Memo (Continued)

Source: Adapted from company documents

.

This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

21
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This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

One South: Investing in Emerging Markets (A) 210-024

13

Exhibit 2 Project Icarus Financial Model (Continued)

Shareholding
Developer 74%
Claybyrd 26%

Zero Quarter Ends 9/30/2006
Exit Month 60
Exit Quarter 20.00

Security Before Dividend Distribution 10%

Year 1 0.0%
Year 2 7.0%
Year 3 8.0%
Year 4 10.0%
Year 5 11.0%
Year 6 12.0%
Year 7 13.0%
Year 8 13.0%
Year 9 13.0%

Year 10 13.0%

Target Valuation 6,101
Projected Exit Value 7,720

Total Debt 3,600
Coupon 9.25%

Figures in Rs. Million Projected
Normalized Annual NOI 546
Capitalized at 9.5% 5,750
Investment Entry Date 9/24/2006
Guaranteed IRR on Equity Investment 16.50%

Discounted Value of Shortfalls from Projected NOI 129
Lesser of Cost or Discounted Value of Fitouts 480

Total EV 6,101

Security Deposits & Contingent Liabilities 210
Debt 3,600
Total Value of Equity 2,291

US $ Exchange Rate 46.5

Claybyrd’s Equity Investment ( in $ mm) 12.81

Total Number of Shares in CPIL 248,892
Equity Value as per valuation model 2,290,752,262
Imputed Value / Share 9,204
Claybyrd’s Imputed Share Value 595,595,588
Number of Shares to be acquired by Claybyrd 64,712

Additional Acquisition Cost (in mm USD) 0.200

Value of Shares

Valuation Parameters

Shareholding and Distribution Pattern

Principal Repayment Schedule

This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

21
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This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

21
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This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

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/ITA (Utilizzare queste impostazioni per creare documenti Adobe PDF adatti per visualizzare e stampare documenti aziendali in modo affidabile. I documenti PDF creati possono essere aperti con Acrobat e Adobe Reader 5.0 e versioni successive.)
/JPN
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/NLD (Gebruik deze instellingen om Adobe PDF-documenten te maken waarmee zakelijke documenten betrouwbaar kunnen worden weergegeven en afgedrukt. De gemaakte PDF-documenten kunnen worden geopend met Acrobat en Adobe Reader 5.0 en hoger.)
/NOR
/PTB
/SUO
/SVE
/ENU ()
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>> setdistillerparams
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