Merchant banking / H.R. Machiraju.

Includes bibliographical references and index.

Print version record.

Cover -- Preface to the Fourth Edition -- Preface to the First Edition -- Contents -- List of Tables and Statements -- Chapter 1 Merchant Banking: Nature and Scope -- Origin of Merchant Banking -- Money Changer and Exchanger -- Merchant Banks in the United Kingdom -- Merchant Banking in India -- Banking Commission Report, 1972 -- Services Rendered by Merchant Banks -- Organisation of Merchant Banking Units -- Investment Banking -- Investment Banks and Commercial Banks -- Restrictions on Commercial Banks -- Investment Banking in USA

Glass-Stegall Banking Act, 1933Activities of Investment Banks in USA -- Universal Banking -- Definition of Universal Banking -- Chapter 2 Regulation of Merchant Banking Activity -- Introduction -- Nature of Merchant Banking -- Capital Adequacy Requirement -- Activities of Merchant Bankers (July 01, 1998) -- Notifications of the Ministry of Finance and SEBI -- Rationale of Notifications -- Objectives of the Merchant Bankers Regulations -- Definition of Merchant Banker -- Consideration of Application -- Prospectus (Filing and Registration)

Categories of Merchant BankersExemption from RBI Regulations -- Code of Conduct -- General Obligations and Responsibilities -- Responsibilities of Lead Manager -- Insider Trading -- Procedure for Inspection -- Defaults of Merchant Bankers and Penalty Points -- General Defaults -- Minor Defaults -- Major Defaults -- Serious Defaults -- Defaults in Prospectus -- General Negative Marks -- International Code and Standards -- Investment Recommendations -- Chapter 3 Project Preparation and Appraisal -- Introduction -- Project Identification

The Stages of Project SelectionFeasibility Study -- Appraisal of Project -- Financial Appraisal -- Simple Rate of Return Method -- Pay Back Period -- Internal Rate of Return (IRR) -- Net Present Value Method -- Financial Analysis -- Liquidity Ratios -- Acid Test or Quick Ratio -- Debt Utilisation Ratio -- Debt-Equity Ratio -- Fixed Assets Coverage Ratio -- Debt Coverage Ratio -- Interest Coverage Ratio -- The Break-Even Point (BEP) -- Derivation of BEP from Income Statement -- Technical Appraisal -- Objectives -- Project Concept

Capacity of PlantFlexibility of Plant and Flexible Manufacturing Systems -- Evaluation of Technology -- Inputs -- Location -- Interdependence of the Parameters of Project -- Economic Appraisal -- Aspects of Economic Appraisal -- Employment Effect -- Net Foreign Exchange Effect -- Social Cost-Benefit Analysis -- Chapter 4 Securities -- Nature and Kinds of Securities -- Debentures -- Definition and Nature -- Features of Debentures -- Negotiability -- Security -- Duration -- Convertibility -- Floating Rate Bonds -- Warrants

English.

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