Davlan has the
resources and the knowledge to provide professional accurate valuation reports
in the required time frame.
Valuations have been carried out for the following clients:
Banks and Financiers
Insolvency Practitioners
Public Companies
Insurance Companies
Private Companies
Resorts & Hospitality
Small Business
Davlan's expertise is in the following industries:
Valuation Definitions
Basis of Valuation definitions to suit your situation:
-'Auction Value' - the minimum price an asset is expected to realise within its market range, if put to public auction by DAVLAN given the following:-
-Reasonable marketing period
-Professional promotion, organisation and marketing as suggested by DAVLAN
-The items listed are auctioned concurrently with related assets
-That the market demand at the time of the auction sale is at the same level at the time of the valuation
-The minimum price reflected in this definition is the gross price achieved under the hammer and does not take into account the costs of the sale or marketing 'Market Value for the Existing Use'
- Market Value for the existing use is the value of an asset based on the continuation of its existing use, assuming the asset could be sold as part of a continuing business operation regardless of whether that use represents the highest and best use.
-'Fair Market Value'
- is the amount of money a willing purchaser is prepared to pay for an asset
that has been adequately advertised and exposed to the marketplace. This
transaction assumes the sale is made at arms length between vendor and purchaser
with no external pressures on either party. -
-'Indemnity Value' is defined as the cost necessary to replace, repair or rebuild the property insured to a condition substantially the same as but not better or more extensive than its condition at the time the damage occurred taking into consideration age, condition and remaining useful life.
- 'Reinstatement/Replacement
Value' is an opinion of that cost which may reasonably be expected to
be incurred by the owner in acquiring and installing a similar item in the event
of total loss presuming that:
a) it is replaced with the identical item if such is currently available new
b) if later technology has superseded the item to the extent that it would no
longer installed in a similar new plant, the cost of the substitute item of
similar capacity is used.
c) Time will restrict competitive tendering
d) Cost will include factors for genuine overhead recovery and an acceptable
profit
margin to the supplier
e) Cost will not include removal of the original item or debris or excessive
cost due to access restrictions
f) Where an items is not in current use, its value shall be what a willing buyer
would pay and a willing seller would accept for removal by the buyer
g) Other than as necessary to give effect to the above, no consideration for
age, wear and tear or obsolescence will be made.
The valuation process is a complex one and many factors have to be taken into account when valuing any asset. The procedure for valuation is based on: