Assisting XYZ Ltd for valuation of intangible assets relating ：对无形资产评估的有关协助XYZ公司.ppt

VVSS Co. Assisting XYZ Ltd. for valuation of intangible assets relating to its acquisition of Infologistics India Pvt. Ltd. Purchase Price Allocation Report August 2010 Purchase Price Allocation of Infologistics India Pvt. Ltd. – Transmittal letter The Directors XYZ Limited Delhi - 110009 6 August 2010 Valuation report of Infologistics India Pvt. Ltd. Dear Sir, This is in accordance with the terms of reference set out in our engagement letter dated 17 July 2010 (“LoE”), wherein VVSS Co. (“VVSS”) has been appointed by XYZ Limited (“XYZ” or the “Client”) to act as financial advisor in relation to carrying out a Purchase Price Allocation (“PPA”) on account of the acquisition of controlling stake in Infologistics India Pvt. Ltd. (referred to as ‘IIPL’ or ‘Company’). VVSS is to undertake a Purchase Price Allocation of consideration paid to acquire a controlling stake in IIPL (“the PPA Valuation”) as at 3 July 2010 (“Valuation Date”). The Valuation is to be used for the purpose of allocation of consideration paid towards tangible and intangible assets. The Report sets out the factual information, assumptions which are to form the basis of the Valuation and VVSS’s’s conclusions on the Purchase Price Allocation. It has been prepared in accordance with our Letter of Engagement (LoE). This Report is based on the information which was provided to VVSS by the management of XYZ. In arriving at our conclusions, VVSS applied generally accepted valuation methodologies as on the Valuation date. We have based our analysis on the historical financial statements of the Business for the period 1 January 2008 to 30 June 2010. Additionally, our analysis is based on the Management Business Plan for the period 4 July 2010 to 31 December 2015. Any changes in the assumptions or methodology used to consolidate the financial statements may significantly impact our analysis and therefore the valuation. For our analysis, we have relied on published and secondary sources of data,