MTI Consulting

MTI Corporate Finance has successfully concluded a pioneering market entry assignment with ICRA Lanka, a wholly-owned subsidiary of India’s rating giant ICRA Limited. MTI helped ICRA on pre-incorporation formalities facilitating to understand the market, the key participants and the regulators of the industry. Having identified the opportunity MTI further assisted ICRA to incorporate its Sri Lankan entity and to obtain the rating license from the Securities and Exchange Commission of Sri Lanka.

MTI is pleased on its contribution towards the development of Sri Lanka’s capital markets while emphasizing the importance of investor confidence for such development which is strongly backed by Credit Rating of the investees.

According to Mr. W. Don Barnabas,director of ICRA Lanka, although Sri Lanka has a relatively developed equity market, the debt market is still in its infancy. There is great scope to develop this market, and that augurs well for the ratings business in Sri Lanka. Commenting on the current status of the ratings business in that country, Mr. Barnabas further said that there is large scope to add to the width and depth of the ratings market in Sri Lanka.

MTI Corporate Finance is a subsidiary of Global Management Consultancy MTI Consulting. MTI Corporate Finance offers a full range of Corporate Finance Solution in the major domains of Corporate Funding & IPOs, Incorporations & Acquisitions, Asset Management, and Governance & Compliances. The Unit is backed by a team of Corporate Finance Specialists with extensive experience in Corporate Finance and related Finance Solutions.

According to the Bahrain Office of MTI Consulting, based on some latest research and road shows, Gulf Investors have shown greater interest in emerging markets like Sri Lanka post the crisis in Egypt. According to Bahrain based MTI CEO Hilmy Cader “Egypt has been the tri-gateway to Europe, Africa and the Middle East for regional investors, in addition to a local market in excess of 83 million. The crisis that is unfolding in Egypt is also creating a ‘fear halo’ in both the Levant and the Maghreb regions, with even doubts over the CIS region. This has made Gulf based investors look East for emerging marketing opportunities and Sri Lanka is well poised for this”

MTI Corporate Finance is actively working on M&A Deals and Investor facilitation, in addition to service such as Private Placement Facilitation, Due Diligence, Feasibility Studies. According to Hilmy Cader the time is ripe for more road shows to promote Sri Lanka in the Gulf and position the country as a strong emerging destination for FDIs. He also reckons that Vietnam and Cambodia is also attracting a lot of interest from the Gulf.


Hilmy Cader , Chief Executive - MTI Consulting
 
 

 In the Middle East Region, MTI has a strong presence in the Financial Services Industry having worked with the likes of American Express, Ahli United, BBK, BKIC, Citibank, Credimax, Daman, Isthithmar, Solidarity, Standard Chartered to name a few."The Key Focus Areas covered to strategically deal with the issues plaguing the Islamic Retail Banking Industry include, Product Development, Branding, Service, Marcom, Channel, and Operations, and we will be presenting a Strategic Framework developed internally at MTI to look at each component separately, and then integrate the sum of the parts to arrive at a holistic solution that is pertinent in today's landscape,'' said Hilmy Cader.MTI Consulting's sessions will focus on the limited precedence of Strategic Marketing in Conventional and Islamic Retail Banking; dealing with increasingly demanding and less tolerant customers with higher expectations; and using cross-industry and cross-border learnings; functional best practices; and MTI's expert opinion to identify Key Success Factors.For the second consecutive year, MTI Consulting is a strategic partner to WIBC. This year, MTI Consulting will hold two sessions at the summit on the topic ''Strategic Marketing of Islamic Financial Services - Key Success Factors''.With almost 1,000 delegates from over 35 countries attending each year, WIBC has become the most significant platform for decision-makers to explore new and emerging market opportunities for Islamic finance; as well as the largest and most significant gathering of Islamic banking & finance industry leaders anywhere in the world.Mckinsey, Fitch and MTI Consulting have been selected to present their research based studies of the state of the Global Islamic Banking Industry at the 14th World Islamic Banking Conference (WIBC) to be held in Bahrain next week.

CleanCo Lanka, the operators of the Drive Green Vehicle Emission Testing Centers, have announced their strategic intent go public in Sri Lanka with a listing on the Colombo Stock Exchange tentatively planned for 2010. Bahrain-based MTI Consulting's Corporate Financial Advisory Unit has been appointed to advise the company on gearing up to go public, managing the entire project including the listing and share issue process.

Drive Green presently operates 50 state-of-the-art testing stations around the island including 10 Mobile Units that are fully geared for vehicle emission testing. The company hopes to rapidly expand its network in 2010.
We started our operations as early as July 2008 with 15 state-of-the-art drivegreen testing stations covering all provinces of the country except for the North.

With four provinces under the program now, we operate in 38 locations of the country and still expanding. We use testing equipment supplied by Environmental Systems Products, USA, a pre-eminent vehicle emissions testing equipment manufacturer as well as testing station operator, in the world General Manager of CleanCo Joel Peter said. CleanCo is a joint-venture managed by Hydropower International and Akbar Brothers Limited, whilst being promoted by the Industrial Service Bureau.

All vehicles in Sri Lanka need to have their emission certified before they can obtain their annual revenue licence. CleanCo was appointed as an authorized agency for implementing this program. There is a high incidence of respiratory disease caused by air pollution in Sri Lanka, particularly among our young.

Photo: General Manager of CleanCo Joel Peter and MTI Chief Executive Hilmy Cader after signing the agreements.