Looking for underwriters.

Invitation strictly for all those individuals who are born investors but never got an opportunity to invest in short term and long term tailored money instruments.

I have certain equation to execute and proposition to equate. I’m looking for underwriters who guarantee financial obligation which surfaced during the course of acquiring an asset. Nature and type of asset I’m not disclosing now, but for hypothesis and understanding I will consider Yacht (a recreational or sailing boat) as the asset.

Intention of taking Yacht as an example being that I strongly believe that “Sail not the wind decide the way we go”

Equations at this level being

Global Indicators: Globally it is felt that financial equations will smoothen in coming years as there is no room left for further deterioration.

National Indicators: Interest rate will dilute and economy will revive.

General Sentiments: People will invest in appreciating assets as during the economy revival the big ticket items appreciate at a faster rate. Example large cap vs. / small caps stocks.

I have a commitment to buy an asset with a base price of 2.4 million to which there is attached additional attached of 10%, which contributes to cost of acquiring the asset, holding, creating and maintenance. The total final cost of Yacht comes down to 2.65 million, of which payments of .4 million has been already made. Remaining amount has to be settled in one go or in parts.

During last one year this asset has appreciated by 26% and the base price stands to be 3 million as per current market valuation. As the asset is appreciating I’m happy with the returns but at the same time don’t want to stop here and wait till this investment has fully ripen and yield returns; instead I want to diversify myself in multiple such assets backed up by underwriters as I believe that resources are limited and If one wants to trade in multiple assets without backups it becomes close to impossible.

The equation is that I convert my asset valued at base price of 24 million to shares of face value 10 INR, held privately among the partners. As the shares are privately held and are in physical format they can be traded within the partners, they can be also traded with future partners and investors but can’t be traded on the bourses.

Anyone purchasing shares at the face value has the profit of 25% at the very first day as the current valuation of the assets emerges to 3 million, though the market valuation is governed by various external factors but all the factors inclusively adds to the valuation of the asset.

Everyone have the exclusive right to sell but promoter posses selective rights to buy and exclusive rights to recall. In case promoter is approached by a buyer who agrees to buy the entire shares, the shares will be recalled from other buyers and profit will be shared based on the share holding pattern.

Does it sounds interesting, please contact me for further details.
Image source: mubasher.info

Price purchase parity.

I’ve been in Chennai for almost a week and shuttled daily between hotel where I had put up to Tidel Park for some official assignments. The only option which proved easy and convenient most of the time for commuting was auto rickshaw; rickshaws in Chennai hard nut to crack.

No other city In India have earned more accolades and fame than Chennai as far as Auto rickshaw are concerned, Really they are world famous in India.. hahha… all because of the customer experiences and the unrealistic fares they charge. But my experiences with the auto drivers were different; the most of guys with whom I transacted appeared to be genuine and charging realistic figure, I met some rotten apple as well, but those case should not be taken as a base for forming a perception and treating everyone like that.

It also happened that when we were riding a Rick it was about to get out of fuel and the driver sought our permission to drive towards the fuelling station. As most of the Ricks had LPG written on the front panel I though he will fuel LPG or CNG, but to my surprise he asked the auto to be fuelled for petrol.

Reasons for high fares Bubbled, as to why they are charging more fare as compared to fares in other cities. In most of the metros public transport uses CNG which cost max 35-42 INR/ kg and a vehicle like rickshaw answers 16-18 miles to one kg whereas the petrol cost at least 70 INR to a litre; the calculation is pretty simple they are operating at double to cost of CNG .

I really felt sympathy with those guys; they got defamed without any reason. High cost of living would have really pushed them to corner and they might be facing difficulties in making booth ends meet.

If there is price purchase parity then that has to be compensated by none other than high fares and that’s what they are doing and I personally don’t feel anything wrong in that.

After all taking a ride on an elephant would cost you proportionately. I feel if this condition persist, auto-drivers in Chennai would have a card swiping machine installed facilitating the customers with a swipe and a smile..:)

Image source: aartikrishnakumar.com

Chennai Times

I have never visited southern India, but have read and heard a lot through my colleagues and known associates, to me; prima facie it appeared to be a different country within the country. A lot of told-untold stories regarding compatibility of food, language, lifestyle, cultural, people and specially the cabs drivers and the way they charge.

Destiny gave me a chance to visit Chennai the happening city of Tamilnadu, city blessed with rich heritage and cultural values, boasting on longest and beautiful beaches. I and my colleagues happened to visit Chennai for some official purpose. When we were about to land the city I can sense that the stay is not going to be comfortable at the city, the sky appeared very cloudy and a cyclone hitting the eastern part of India few days back created some unrest in the atmosphere.

We landed at Kamraj Airport; the airport didn’t appeared as a treat to eyes, there was a lot of restructuring happening and I personally felt that much work is needed to make it more presentable to the audience. After getting out of the terminal we were roaming around in search of a prepaid taxi counter, and after a small search we were able to locate one, when we were looking for the prepaid counter a lot of people wanted to understand where we wanted to go… to my surprise they can speak English fluently, there command over English was better than few of the white collared executive I have interacted.

Anyways this was the second surprise, we got loaded in a Cab, but here the driver didn’t understand any language other than the local language, it went difficult for us to make him understand where we wanted to go exactly. We gave him the counter slip which we got from prepaid counter and he drove us the way. The guy appeared to be genuine and decent. During the course I tried to interact with him but he preferred to keep mum; language barrier... :)

After finishing off with our jobs we wanted to go back to our hotel and were looking for an auto rickshaw, I remembered a learning which I had through my own reading experience, it suggests pay only 70% of the fare asked for especially if you are in Chennai, With this learning we managed to strike a deal with the rickshaw and reached the hotel.

Annsun Botique Hotel, located in the heart of city; ambiance and room was very good and I found it a very good and convenient option for business travellers. The hotel owned by a gentleman named as “Sundar” (meaning “beautiful”) and it seems that he has nicely crafted everything for his establishment. We had our supper; it appreared to be a fusion of North and South recipes having a gentle touch of south preparation and spices.

After having yummy dinner we had a small walk in the nearby lanes and called off the day as we had many challenges waiting for us the next day.

Image source: tamilnadu.ellamey.com