Mitchell Munn Valuations

COMPANY OBJECTIVES-==

We provide our clients with a professional, independent, robust, defendable valuation of the actual assets comprising their business, at the date of valuation.

We provide that level of advice to every client, regardless of whether they are a small to medium enterprise, or a multinational company.

Mitchell Munn Valuations

COMPANY OBJECTIVES

We provide our clients with a professional, independent, robust, defendable valuation of the actual assets comprising their business, at the date of valuation.

We provide that level of advice to every client, regardless of whether they are a small to medium enterprise, or a multinational company.

INDUSTRY KNOWLEDGE==

We recognise that for many prospective clients their plant & equipment valuation could be a one-off requirement. We encourage those prospective clients to invite us to their operational premises where we will verbally identify every asset and indicate how we will value each of those assets. It is our responsibility to satisfy any prospective client that we are familiar with their assets and capable of valuing them.

INDUSTRY KNOWLEDGE

We recognise that for many prospective clients their plant & equipment valuation could be a one-off requirement. We encourage those prospective clients to invite us to their operational premises where we will verbally identify every asset and indicate how we will value each of those assets. It is our responsibility to satisfy any prospective client that we are familiar with their assets and capable of valuing them.

OUR VALUATION APPROACH

From a big picture perspective, our valuation approach is to visit our client’s premises, inspect all the assets requiring valuation, return to our offices to undertake research, finalise the valuation of each asset and then report.

From a detailed perspective, we will determine each asset’s technical specification, condition, age and anticipated remaining life. We will undertake research into the modern equivalent asset, noting its output, technological development and cost as new. The comparison between the existing and new asset determines the level of depreciation arising from the identification of those various types of obsolescence. This comparison determines the value of the existing asset. This process is undertaken for all high value assets. The individual low value assets are identified and valued collectively whilst on site,summarised by client asset category.

Our approach to the valuation of plant & equipment will comply with all Australian Taxation Office (ATO) and Australian Accounting Standards Board (AASB)valuation requirements.

In addition, our valuations comply with both local and international valuation standards issued by recognised valuation professional bodies such as the Royal Institute of Chartered Surveyors (RICS), the Australian Property Institute (API) and the International Valuations Standards Council (IVSC). The valuers at Mitchell Munn spent 3 years at University to learn the theory and now another minimum 35 years obtaining the practical industry experience required to implement those standards.

Mitchell Munn Valuations

RESEARCH

Each valuation requires us to research the assets we have identified as comprising the business. Our objective is to put ourselves into a position to defend our valuation from any client, auditor or barrister critical review.

The valuers at Mitchell Munn have undertaken over 2,000 valuation instructions. We know from our clients that many of those valuations have been reviewed by the ATO. Only one valuation ever progressed to the ATO requesting additional information, which was provided via our client. The review upheld our values and the reporting of those values. Not one change was made following the review.

Mitchell Munn Valuations

RESEARCH

Each valuation requires us to research the assets we have identified as comprising the business. Our objective is to put ourselves into a position to defend our valuation from any client, auditor or barrister critical review.

The valuers at Mitchell Munn have undertaken over 2,000 valuation instructions. We know from our clients that many of those valuations have been reviewed by the ATO. Only one valuation ever progressed to the ATO requesting additional information, which was provided via our client. The review upheld our values and the reporting of those values. Not one change was made following the review.

PROJECT MANAGEMENT
AND DELIVERY

We appreciate that all valuations need to be undertaken to meet a client timeframe. If a timeframe is nominated to us and agreed to be achievable, then we will resource the instruction to meet that deadline.

machinery valuation specialists

PROJECT MANAGEMENT AND DELIVERY

We appreciate that all valuations need to be undertaken to meet a client timeframe. If a timeframe is nominated to us and agreed to be achievable, then we will resource the instruction to meet that deadline.

machinery valuation specialists
Mitchell Munn Valuations

CLIENT ENGAGEMENT

We establish with each prospective client the purpose for which the valuation is required, its scope in respect to locations, building sizes, number of assets, level of reporting detail, valuation date and timing. We then provide them with an engagement letter which formalises our understanding of their valuation requirements. From our first meeting to the submission of the engagement letter there is no cost, or obligation.

Mitchell Munn Valuations

CLIENT ENGAGEMENT

We establish with each prospective client the purpose for which the valuation is required, its scope in respect to locations, building sizes, number of assets, level of reporting detail, valuation date and timing. We then provide them with an engagement letter which formalises our understanding of their valuation requirements. From our first meeting to the submission of the engagement letter there is no cost, or obligation.

FEES

Our fees are based on estimating our total time involvement in hours, multiplied by an hourly rate. All fees are quoted, plus GST and plus expenses. We will indicate a budget for expenses as part of our fee submission.

Mitchell Munn Valuations

FEES

Our fees are based on estimating our total time involvement in hours, multiplied by an hourly rate. All fees are quoted, plus GST and plus expenses. We will indicate a budget for expenses as part of our fee submission.

Mitchell Munn Valuations

GET IN TOUCH

We are based in Melbourne. Our valuers provide advice on a local, national and international basis. We do business where you do business, no matter how large or how small your business. Please contact us to discuss your valuation requirement

BUSINESS HOURS

ADDRESS
Mitchell Munn Valuations
Level 1, 431 St Kilda Road, Melbourne VIC 3004
EMAIL US
nicholasmunn@mitchellmunn.com.au
CALL US
Telephone : 03 9864 6501
Mobile : 0418 342 630

OUT OF HOURS