Role & Function of Plant and Machinery Valuers By Rakesh Narula & Co.

What is Valuation??? ●Valuation of plant and machinery assets determines the collateral value of the loan amount. ●It is a process of figuring out the value of the company’s plant and machinery assets. ●A professional plant and machinery valuer looks for comparables of the equipment by overviewing the equipment's condition, capacity, year of manufacture, etc.

Role and function of Plant and Machinery Valuers A professional valuer should be acquainted with the process, method of valuation and types of plant and machinery. ●The valuer should personally visit the site and carry out his/her survey and analyse the results citing a solution. ●The valuer must prepare a well- researched valuation report showing genuine justification and highlighting future possibilities.

●It is mandatory to prepare an inventory of all the equipment owned by the company and jot down detailed information about them after a proper investigation from the concerned authorities on the productivity, functions, accuracy, purchase date, etc. ●The valuer needs to collect detailed information from related employees and people from other departments like finance, capital purchase, managers to get a complete perspective about the company assets. ●While preparing the final report, the valuer should also give preference to specific contradictions and supporting details to aid the purpose of valuation.

Changing Scenario of Valuation ●The demand for professional valuers is expected to increase owing to the complexity of valuations and sophistication of businesses. ●With this, valuation professionals need to seek specialized training and knowledge to keep up with the current times. ●With this, the responsibilities of plant and machinery valuers will increase drastically.

About Rakesh Narula & Co. Visit us at: RNC provides plant and machinery valuers for valuation of immovable properties like plant & machinery. Our services include estimation of demand/supply, tax, price, etc. Contact the expert!