| Machinery Appraisals Norman P. Finkelstein has over 30 years experience trading and evaluating machine tools as well as fabricating and plastics equipment. NPF INDUSTRIES LTD is engaged in buying/selling used metalworking machinery
on a daily basis which keeps us in touch with today’s values. Whether appraising a single machine or an entire plant, NPF INDUSTRIES LTD. is your source for quality, accurate, affordable and quick valuations. Contact Norman P. Finkelstein to discuss the details of your appraisal. We look forward to
developing a mutually beneficial business relationship in the near future.
We offer the follow methods for appraising assets:
Forced Liquidation Value Appraisal (FLV):
Forced Liquidation Value is an opinion of the expected gross dollar value realized when assets are sold piecemeal, under duress at public auction sale. Forced Liquidation Value assumes that the buyer is responsible for all costs of removal and is purchasing the assets "as is, where is" with
no representations or warrantees as to the condition of the sellers assets. It is further assumed that the assets are properly advertised in a manner considered to be commercially reasonable.
Orderly Liquidation Value Appraisal (OLV):
Orderly Liquidation Value is an opinion of the expected gross dollar amount realized when assets are sold piecemeal, through negotiation, over a predetermined period of time (often 3 to 6 months). Orderly liquidation value assumes that the buyer is responsible for all removal costs
and is purchasing the assets "as is, where is'" with no representations or warrantees as to the condition of the seller's assets. It is further assumed that the assets are properly advertised in a manner considered to be commercially reasonable. Buyer and seller further
acknowledge that if an acceptable price cannot be negotiated within the time period specified, the final option would be to offer the assets for sale at public auction.
Fair Market Value Appraisal (FMV):
Fair Market Value is an opinion of the gross dollar amount to be realized between a willing and able buyer and seller. It is assumed that both the buyer and seller are acting at arm's length in an open and unrestricted market. Furthermore, neither buyer nor seller is under compulsion
to buy or sell and both have reasonable knowledge of the relevant facts.
Orderly Liquidation Value In Place: (OLVIP)
Orderly Liquidation Value in place is the price that a willing buyer would have to pay a willing seller who is under duress, for asset(s) being purchased in place to remain in operation in "as is" condition, taking advantage of all leasehold and site improvements designed to facilitate
its/their operation. The orderly liquidation value in place definition assumes an adequate period of time to properly advertise the asset(s) in a manner that is commercially reasonable. However, it is clearly understood by both the buyer and seller that the sale of the asset(s) is
under duress, and that the marketing time is limited to a predetermined period of time (often between 6 and 12 months).
Fair Market Value In Place: (FMVIP)
Fair Market Value in place is the price at which asset(s) would change hands between a willing and able buyer and seller, with neither under compulsion to buy or sell, with both having full knowledge of the relevant facts. The asset(s) is/are being purchased to remain in place to remain in
operation, taking advantage of all leasehold and site improvements designed to facilitate its/their operation, with the seller accurately and completely representing the existing condition and operability of the asset(s) to the buyer. It is assumed that all specially designed and built
asset(s) will continue to be used in the manner for which it/they was/were originally intended.
New Replacement Cost Value Appraisal:
New Replacement Cost Value Appraisal is an opinion of the amount it would cost F.O.B. the new manufacturer's plant to purchase a new item of like quality and specification in the open marketplace. When such an item is unavailable in the marketplace, the appraiser will use his/her best judgment is estimating a value as of the
date of the appraisal.
Desktop Opinion: A Desktop Opinion is professional opinion of value based on materials or information supplied to the appraiser and evaluated without the benefit of viewing the assets. It is also a tool to determine the need for an appraisal or the scope of an appraisal.
Desktop opinions should clearly be marketed as a "professional opinion" and stated that is not an appraisal. |
