Project Appraisal and Financing

Book excerpt: The era of nineties has created a new breed of entrepreneurs whose quest for finance is unending. The lending institutions, on the other hand, have become choosy due to, among other reasons, mounting Non-performing Assets (NPAs). All this has led to increased pressure on the availability of finance to the entrepreneurs. In this setting, careful consideration of Project Appraisal and Financing holds the key to survival. Designed in this context, the book begins with explaining the project's fundamentals-features, identification, and project life cycle. It goes on to explain and analyze project formulation, appraisal of promoters and management, market appraisal, technical appraisal, financial appraisal, project report, institutional risk assessment and financing decision. The book also focuses on the concepts of project management, overruns, post-completion performance evaluation and contemporary issues like infrastructural financing, and environmental impact assessment. All through the book, the emphasis is on critical analysis and decision-making. Primarily intended for the students of MBA/PGDM/PGDBM and other allied courses such as MFC and MBE, the book will also be of immense value to the students of CA, CWA, CS, CFA, CPA and CAIIB. Besides, it will be equally beneficial for the executive development and in-company training programmes on project appraisal and financing. Project finance executives in consulting firms and lending institutions and banks will also be benefited from the book due to its practical orientation. KEY FEATURES - Highlights the text from practitioner's perspective. - Written in a lecture mode and conversational style; classroom simulative. - Large number of illustrations, exercises and case studies. - Systematic and organized coverage of a full-fledged manufacturing project, including 10 years' financial projections integrated with the text throughout the book. Contemporary issues like infrastructure financing and environmental impact assessment. Unique pedagogical features, as explained in the 'Visual Tour of the Book' section. Chapter-wise PPTs and Solutions Manual available, on demand, for instructors adopting the book.