Thursday, 31 May 2012 15:33
For appraising mobile asset in each specific case and purpose, the concept of market value and non-market value will be based. Mobile asset appraisal presents the estimated monetary value of the asset ownership rights for a clearly specified purpose in certain market conditions with appropriate methods.
Property price depends largely on supply and demand correlation. According to Price Appraisal Standard No. 1 issued under Decision No. 24/2005/QD-BTC dated April 18, 2005 by the Ministry of Finance: the market value of a mobile asset is the estimated price currently transacted in the market at the appraisal time between a willing buyer and a willing seller in an objective and independent transaction in normal trade conditions.
However, mobile asset prices also depend on many other factors such as imbalanced market factors caused by unpredictable reasons such as monopolization, speculation, unhealthy competition… effecting the prices of mobile assets to be valued accurately and scientifically
Mobile assets appraisal service is one of the strengths of THUONG TIN APPRAISAL JOINT STOCK COMPANY – SACOMVALUE, given abundant price data source, qualified human resources with highly specialized experience, SACOMVALUE will provide customers highly reliable information on mobile assets’ value by evaluation purposes
1. Mobile asset appraisal includes:
a. Unused assets (new purchases).
b. Used assets:
- Used assets are assets no longer ensure the technical standards of original designed quality by the manufacturers due to maintenance mode or operation conducted, test (irrespective of the time or the number of products produced, created) which do not meet the requirements of purchasing organizations and individuals.
- With the fact that quality of used equipment, technological lines ... (in general – assets) are uneven, their details, parts have been replaced, repaired, improved in order to be suitable for intended use, production, capacity, production conditions, maintenance regime of assets are used as basis for appraisers to select appraisal base, methods, appropriate appraisal principles.
- In particular, the choice of appraisal bases: For the value of used assets, one in two appraisal bases will be utilized, depending on common level, the percentage of the assets’ residual quality that needs to be appraised and appraisal purposes. Based on the survey results of used assets, the percentage of residual quality, results of the information obtained on the assets suggested to be appraised, the basis for asset valuation will be determined.
c. Expired Assets:
- According to Price Appraisal Standard No. 02 issued under Decision 77/2005/QD-BTC by the Ministry of Finance, “Liquidation value means the value estimated to be obtained at the end of the useful life of the assets, after subtracting the estimated liquidation cost. Liquidation value presents the residual value of an asset (except for land) when that asset expires and under liquidation. Assets are still repairable or convertible for new using purposes or their spare parts can be provided for other assets in operation"
- Appraising the expired assets (for main purpose) is not simple because of splitting, classifying the percentages of the parts that make up the value of such assets, estimating weight without ineligible weighting, measuring, counting, testing for specific assets or ability or inability to accurately determine the utilization of the spare parts, details of liquidated assets due to the fact that in production time, parts of liquidated assets operate unevenly, or been repaired, replaced and improved which cause the uneven depreciation.
2. Subjects under the appraisal:
- Machineries and equipment;
- Specialized Equipment: Medical equipment, school equipment, mining equipment, etc
- Transportation means: truck, passenger car, excavators, crane, boats, barges, etc
- Mobile asset appraisal for special purposes:
- Trading, transfer;
- Borrowing from banks, financial leasing, pledging, and liquidating;
- Capital contribution in joint ventures;
- Equitization and business establishment;
- Debt handling, business dissolution;
- Compensation, insurance, claims;
- Accounting recording, taxation;
- Advisory and investment projects development;
- Depreciation of fixed assets, revaluation of assets;
- Investment and capital contribution, etc
3. Purposes of the appraisal:
- Trading, transferring assets;
- Equitizing, trading, merging enterprise (M&A)...
- Setting up joint-venture, establishing, converting or dissolving enterprise;
- Mortgaging, guaranteeing, borrowing from the bank;
- Recording, disposing assets, insurance, compensation, clearance....;
- Determining assets’ value, investment project, value of brand name.....;
- Appraising assets for investigating, judging, dividing, fighting over assets....;
- Demonstrating the assets for the purpose of overseas study, tourism, residence, co-operation, capital contribution...;
- Disposing assets, offsetting debts...;
- Appraising for other purposes;
- Documents for the appraisal of mobile assets.
a. For newly purchased assets:
- Approved estimates of assets purchase;
- Receipts (in case of liquidation);
- Catalogue (if any);
b. For used assets:
o. Transportation means:
- Vehicle registration;
- Certificate of registration;
- Vehicle Insurance Certificate;
- Purchase Agreement (if any);
- Contract, declaration for import goods;
- Certificate of technical safety for tank truck;
- Certificate and checklist of technical safety.
o. Petrol stations:
- Minutes of checking tank technique.
- Certificate of petroleum business registration.
- Certificate of eligibility and standard for fire prevention and fighting
- Certificate of technical safety inspection.
o. Equipment, production lines:
- List of assets requested for appraisal;
- Design drawings of production line process;
- Acceptance and Hand-over minute on installation;
- Detailed minutes of machine foundation (if any);
- For used assets:
- List of assets requested for appraisal;
- Technical documents, catalog showing technical features, capacity, design...
- Conditions of the assets such as parts missing, loss; maintenance regime;
- Minutes, decision approving assets liquidation;
- Minutes, a detailed list, list of expired assets, proposal of the liquidation council;
- Quality inspection certificate or inspection minute (in case the residual quality is below 30%) of the competent authority.
- Assets appraisal minutes for financial management purpose in case of capital contribution for joint ventures, the State's physical counting ... in each period (if any);
- Other related documents
Property price depends largely on supply and demand correlation. According to Price Appraisal Standard No. 1 issued under Decision No. 24/2005/QD-BTC dated April 18, 2005 by the Ministry of Finance: the market value of a mobile asset is the estimated price currently transacted in the market at the appraisal time between a willing buyer and a willing seller in an objective and independent transaction in normal trade conditions.However, mobile asset prices also depend on many other factors such as imbalanced market factors caused by unpredictable reasons such as monopolization, speculation, unhealthy competition… effecting the prices of mobile assets to be valued accurately and scientifically Mobile assets appraisal service is one of the strengths of THUONG TIN APPRAISAL JOINT STOCK COMPANY – SACOMVALUE, given abundant price data source, qualified human resources with highly specialized experience, SACOMVALUE will provide customers highly reliable information on mobile assets’ value by evaluation purposes 1. Mobile asset appraisal includes:a. Unused assets (new purchases).b. Used assets:- Used assets are assets no longer ensure the technical standards of original designed quality by the manufacturers due to maintenance mode or operation conducted, test (irrespective of the time or the number of products produced, created) which do not meet the requirements of purchasing organizations and individuals.- With the fact that quality of used equipment, technological lines ... (in general – assets) are uneven, their details, parts have been replaced, repaired, improved in order to be suitable for intended use, production, capacity, production conditions, maintenance regime of assets are used as basis for appraisers to select appraisal base, methods, appropriate appraisal principles.- In particular, the choice of appraisal bases: For the value of used assets, one in two appraisal bases will be utilized, depending on common level, the percentage of the assets’ residual quality that needs to be appraised and appraisal purposes. Based on the survey results of used assets, the percentage of residual quality, results of the information obtained on the assets suggested to be appraised, the basis for asset valuation will be determined.c. Expired Assets:- According to Price Appraisal Standard No. 02 issued under Decision 77/2005/QD-BTC by the Ministry of Finance, “Liquidation value means the value estimated to be obtained at the end of the useful life of the assets, after subtracting the estimated liquidation cost. Liquidation value presents the residual value of an asset (except for land) when that asset expires and under liquidation. Assets are still repairable or convertible for new using purposes or their spare parts can be provided for other assets in operation"- Appraising the expired assets (for main purpose) is not simple because of splitting, classifying the percentages of the parts that make up the value of such assets, estimating weight without ineligible weighting, measuring, counting, testing for specific assets or ability or inability to accurately determine the utilization of the spare parts, details of liquidated assets due to the fact that in production time, parts of liquidated assets operate unevenly, or been repaired, replaced and improved which cause the uneven depreciation. 2. Subjects under the appraisal:- Machineries and equipment;- Specialized Equipment: Medical equipment, school equipment, mining equipment, etc- Transportation means: truck, passenger car, excavators, crane, boats, barges, etc- Mobile asset appraisal for special purposes:- Trading, transfer;- Borrowing from banks, financial leasing, pledging, and liquidating;- Capital contribution in joint ventures;- Equitization and business establishment;- Debt handling, business dissolution;- Compensation, insurance, claims;- Accounting recording, taxation;- Advisory and investment projects development;- Depreciation of fixed assets, revaluation of assets;- Investment and capital contribution, etc3. Purposes of the appraisal:- Trading, transferring assets;- Equitizing, trading, merging enterprise (M&A)... - Setting up joint-venture, establishing, converting or dissolving enterprise; - Mortgaging, guaranteeing, borrowing from the bank; - Recording, disposing assets, insurance, compensation, clearance....; - Determining assets’ value, investment project, value of brand name.....; - Appraising assets for investigating, judging, dividing, fighting over assets....; - Demonstrating the assets for the purpose of overseas study, tourism, residence, co-operation, capital contribution...; - Disposing assets, offsetting debts...; - Appraising for other purposes;- Documents for the appraisal of mobile assets.a. For newly purchased assets:- Approved estimates of assets purchase;- Receipts (in case of liquidation);- Catalogue (if any);b. For used assets:o. Transportation means:- Vehicle registration;- Certificate of registration;- Vehicle Insurance Certificate;- Purchase Agreement (if any);- Contract, declaration for import goods;- Certificate of technical safety for tank truck;- Certificate and checklist of technical safety.o. Petrol stations:- Minutes of checking tank technique.- Certificate of petroleum business registration.- Certificate of eligibility and standard for fire prevention and fighting- Certificate of technical safety inspection.o. Equipment, production lines:- List of assets requested for appraisal;- Design drawings of production line process;- Acceptance and Hand-over minute on installation;- Detailed minutes of machine foundation (if any);- For used assets:- List of assets requested for appraisal;- Technical documents, catalog showing technical features, capacity, design...- Conditions of the assets such as parts missing, loss; maintenance regime;- Minutes, decision approving assets liquidation;- Minutes, a detailed list, list of expired assets, proposal of the liquidation council;- Quality inspection certificate or inspection minute (in case the residual quality is below 30%) of the competent authority.- Assets appraisal minutes for financial management purpose in case of capital contribution for joint ventures, the State's physical counting ... in each period (if any);- Other related documents