Government Approved Valuer
Valuation is an opinion of an expert, who assesses the value of an asset. His assessment depends on the purpose for which the evaluation is sought, his honest judgement and the most important factor his experience. Amount of work involved depends upon the size of the plant for which considerable preparation is necessary before physical inspection can be undertaken. No two plants or machines are the same. These may be different in designs, standards followed, technologies, sizes, capacities etc. The valuer has to analyze the information collected from the unit which are documents and information available with the accounts department; fixed assets schedule giving list of plant & machines and other assets, purchase values including freight, installation expenses (without pre-operative expenses and interest), year of purchase, technical specifications of plant & machinery. The Valuation Services, offered by us, are widely appreciated for their efficiency.
Need of Valuation
For Insurance Purpose : Valuations for insurance purposes are undertaken in order to establish the value of all property which is intended to be covered by a policy of insurance. The valuation is carried out by compiling an inventory of the plant, machinery and all other contents (excluding stock and materials-in-trade) which is at risk in the factory, and then pricing the items on the basis of either reinstatement with new or indemnity, according to the requirement of the client. All the insurance policies have certain stipulation, and this must be meticulously studied and any conditions which will affect the valuation must be taken into account in arriving at the figures shown in the final report to the client.
Financial Valuations : Financial Valuations are carried out for a variety of reasons including, amongst others, balance sheet purposes, bank loans and other funding activities, company takeovers and mergers, compulsory purchase, NPAs etc. In essence, the valuer is required to assess the true worth for a company of its plant and machinery in its present location and role, as part of the existing business.
Valuation For Disposal : Plant and machinery generally becomes available for disposal following rationalization or modernization programs and in cases of company insolvency. Plant may be sold by private treaty, tender or auction sale, and advice in respect of the best method of disposal will usually be required. Following valuation for open market purposes, firms of specialist valuers are often instructed to undertake the disposal of plant and machinery, and the plant and machinery valuer, in his capacity as auctioneer, will manage the sale, including organizing and conducting the presentation of the machinery, drafting and organizing the advertising program, preparing the sale catalog and supervision of viewing and delivery of lots.
Deciding Equity At The Time Of Foreign Collaboration : Due to liberalization there is inward flow of foreign exchange and many companies enter into collaboration with foreign companies. The valuation of assets plays an important role in deciding share of foreign company in matters of collaboration.
Valuation of Unclaimed and Uncleared Cargo Goods for fixing the Reserve Price for Custodians
Imported goods are allowed to be cleared for home consumption by the Customs, if there are no restrictions or prohibitions, assessment formalities have been completed, and duty leviable as been paid. However, it is often the case that the importer files the Bill of Entry but does not clear the goods due to various reasons such as financial problems, lack of demand for the goods, etc. Such goods are called uncleared goods. In some cases, the importer does not even come forward to file the Bill of Entry for clearance of goods. Such goods are known as 'unclaimed goods. Being an Approved Valuer, we are catering valuation services to the custodians for fixing the Reserve Price for such goods.
Ace Consulting Engineers
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