Business firms using plants and machinery need to determine the price and establish a value to the fixed assets regularly. Plant and machinery valuation is a tedious job and must be performed by a well-qualified appraiser or valuer since it has a lot of variables. Since the inception of IBC Code 2016, there has been a remarkable growth in stress assets sale purchase that leads to valuation of plant and machinery to find out fair and liquidation value.
Promotion of start-ups and schemes like Atmanirbhar Bharat has also led to more industrialization which results in increase of valuation services for plant and machinery segment for raising fund/equity. Business firms expect accurate results and reports for financial reporting of their assets from valuation service providers. Its live example is TV Show like 'Shark Tank India' that totally give their funding based upon valuation of prospective business of startup.
VR Asset Reckoners & Consultants LLP is one of the leading valuation firms in plant and machinery segment in north India that provides accurate valuation of assets. The company provides all types of valuation services under one roof across India. It always applies practical approach along
with valuation rules as per the relevant market condition and needs of the industry. The company has an experience of handling more than 100 valuations under insolvency and bankruptcy code and under other acts. “We try to understand the requirement of clients from our valuation professionals and have completed many high-profile valuations in a short span of time,” says C. S. Manish Agarwal, Managing Director whose qualifications comprise FCS, LLB, MBA, MCOM, IP, RV, FICA, and DRA.
Timely Delivery Of Services
VR Asset Reckoners & Consultants has a broad experience for estimation of fair value and liquidation value for companies undergoing CIRP and realizable value for companies undergoing liquidation process. The team working at VR Asset Reckoners & Consultants consists of different professionals from diversified fields. The company MD CS Manish Agarwal is also a insolvency Professional and has successfully done resolution of stress assets with exposure of more than 35 billion. The associate valuers working with the company are well-versed with the industry that helps them derive the desired value as per the valuation rules along with the industry requirement. In case, a client is not able to provide sufficient data about machines, the company derives the data from other sources like the similar manufacturing brand of that machine.
We try to understand the requirement of clients from our valuation professionals and have completed many high-profile valuations in a short span of time
Having its associates across India, VR Asset Reckoners & Consultants provides services without delay and extra out of pocket expenses. Its services segment include Insolvency and Bankruptcy consultancy, Bank OTS and Bank Recovery, Valuation required under Companies Act and IBC Code.
VR Asset Reckoners & Consultants also conducts training programmes from time to time for its associate valuers as per the need of the industry. As the government is promoting start-ups and unsecured loans for MSME sector, it will ultimately lead to more reliance on valuation report in the years to come. Therefore, the company is hopeful to accomplish its work diligently and prove itself time and again in the coming future with a vision of become trusted name in valuation and resolution of stress assets.
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