Client Situation

A German Company which is global market leader in the field of thermal actuators, intended to set up a manufacturing JV in India. The Indian JV partner had made a JV agreement and a loan agreement. As per the agreement the loan was convertible to equity at a later date.

Our Engagement

M&R was mandated to evaluate the Joint Venture agreement and loan agreement if the same is detrimental to the interest of the German Company and whether the same complies with Indian Regulatory requirements.

Approach

Detailed Analysis of JV to ensure interest of the client is protected and that they don’t loose the amount invested.

Evaluate alternate structures to ensure regulatory compliances and protect the interest of the company.

Results

Three alternate structures were presented to the client which would protect the interest of the client without jeopardizing the JV.

The client adopted one of the suggested structures and made changes to JV agreement.

Client Situation

A large UK based company into the business of Energy, broadband, digital TV and mobile phone comparison services and multi-channel switching for all home services.

The Company had been operating through a contract call center in India for many years and was looking for setting up own call center either through acquisition or a greenfield project.

Our Engagement

M&R was mandated to evaluate what was the best way for the Company to set up the center in India i.e. whether it should be greenfield (setting up of own company) or acquiring the call center with which the Company has been working for years.

Approach

• Legal, financial and business due diligence of the target call center.
• Evaluation of cultural fit.
• Financial analysis of benefit of greenfield vis a vis acquisition.

Results

• Report containing detailed analysis on the various advantages and risks involved in acquisition from a financial, legal and cultural perspective was presented to the client.
• Report on financial analysis of setting up a greenfield project and associated challenges.
• Based on the above analysis the client finally decided to go the greenfield way.
• Company set up and regulatory compliances.

Client Situation

A large China headquartered Company having a turnover of USD 1.30 Billion and into the business of batteries manufacturing and sales, intended to enter India market by first setting up a greenfield company for sales office and then subsequently having a manufacturing JV.

Our Engagement

M&R was mandated to help the company set up a subsidiary through greenfield route for sales office.

M&R was also mandated to identify potential JV partner for setting up a battery manufacturing unit.

Approach

• Ensure all compliances for setting up a greenfield sales office.
• A detailed listing of players in the industry based on discussions with industry association for identifying a JV partner.
• Profiling of potential target by way of focused research and limited primary interviews.

Results

• Company set up and regulatory compliances for greenfield sales office.
• We identified the players in the industry, based on product, customer, financial, technological parameters as agreed with the client.
• Conducted legal and financial due diligence for shortlisted candidates.
• Handled the entire JV set up process.

Client Situation

India and in particular Bangalore being the technology hub of the Country has been on the global maps of many companies for setting up their R&D and technology centers. Many International companies intend to set up their R&D and Technology development center in India.

Our Engagement

M&R has been mandated by many international companies head quartered in countries like USA, UK, Canada and Norway to set up their subsidiaries in India and also ensure all regulatory and tax compliances.

Results

Over the years M&R has delivered results to international clients in terms of:

• Setting up 100% subsidiary of International companies in India.
• Recruitments and payroll compliances.
• Compliance with FDI regulations.
• Report on Transfer Pricing Strategy.
• Compliances CbCR under OECD-BEPS.
• Audit and other legal compliance support.