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.