AUCTIONEERING SERVICES       
VALUATIONS - FINANCIAL REPORTING
VALUATIONS - SECURITY & FINANCE
VALUATIONS - INSURANCE
OTHER ASSET MANAGEMENT SERVICES

AUCTIONEERING SERVICES

What Do We Auction?

The merchandise we handle is as diverse as our many clients: computers; communication systems; office and domestic furniture; construction equipment; earthmoving plants; printing and photographic equipment; catering and restaurant equipment; automotive plants; vehicles and transport equipment; and sporting equipment; farm and ranch; storage facilities.

Choose Your Site

 A number of factors will obviously affect your decision; the quality and quantity of your merchandise, site security, the layout  of your site/premises, labor issues, concerns of business interruptions as well as freight and labor costs.

Whichever, our commitment to securing you the best possible net return is not variable.

The Auction Process

Once your decision is made to hold an auction, Auction Masters  can arrange every detail for you.

We collect the merchandise, value it, arrange the lots into categories and catalogue them before targeting potential buyers directly through our extensive mailing lists and advertising in the media.

Of course, then there's all the work involved in ensuring a successful sale day.  Throughout the auction, our advanced computer systems can give you an instant running total.

Rest assured that we have also taken safeguards to ensure the absolute security of your records.

Auction Masters  supervises the collection of goods on their delivery to buyers; the all-important collection of proceeds and accounting for each item; the calculation, collection and remittance of sales tax (if applicable); and finally, remittance of the net proceeds.

All auction proceeds are immediately banked into a client realization trust account maintained with the Washington Mutual Bank.

Funds are remitted to clients net of costs and commissions within ten working days of the auction by either a trust account check or wire to the vendor's bank account. 

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VALUATIONS
FINANCIAL REPORTING

There are many different situations that require our valuations expertise:

• incorporation of company accounts
• company flotation
• company acquisitions
• finance raising for purchase of plant and equipment
• finance arrangements for outsourcing agreements
• or even just to fulfill your responsibilities as company directors 

The Legal Necessities

Under the Corporations Law, it is the direct responsibility of company directors to ensure that their Profit and Loss Account and Balance Sheet give a true and fair view of the company's state of affairs.

Both the private and public sectors must comply with many regulatory demands for reporting the values of non-current assets.  Directors have onerous obligations to ensure the accuracy and appropriateness of asset values reported.

Auction Masters valuers are highly experienced in interpreting Accounting Standards and other regulations to ensure out valuations comply with these requirements.

Our everyday experience with the casework and paperwork of such statutory demands means we can make such valuations as quickly and effectively as possible.

Reporting

Valuations can be prepared as a sequential, detailed inventory of plant and equipment, divided into individual areas and subtotaled into departments.

Where necessary, Auction Masters  record data on the source, age, condition, purpose and output of each plant item to enable an exact valuation to be determined.  If they're available, model and serial numbers are also included for positive identification.

A complete copy of the valuation can be provided on computer disk.

To aid entities preparing sale memoranda, we can also provide complete valuations without figures for incorporation into sales packages.

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VALUATIONS
SECURITY & FINANCE

Over the last decade, Auction Masters  has developed considerable skills in the highly special area of security and finance valuations.

As equipment is becoming increasingly limited in application, it is wise to obtain reliable, independent advice on the market before committing to a funding arrangement.

Our experiences in this field have produced a database enabling us to comment on:

• security or risk assessment on assets subject to finance lease agreements
• market valuations for assets or entire plants to assist in funding sale and lease-back or MBO situations
• residual value and equity retention forecasts for operating lease purposes
• and market surveys to identify asset categories which are suitable for funding

Corporate Recovery and Insolvency

Auction Masters  understands and caters for the special requirements of insolvency practitioners.

Our team is available at very short notice and is prepared for rapid response.

We Can Provide:

• skilled assessments in limited information situations and speedy, reliable valuations on any basis
• confidential reports on market values in a pre-insolvency investigation
• direct links with other Auction Masters  valuation and agency functions
• single point contact for multi-site situations
• inventories and schedules
• disposal advise

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VALUATIONS
INSURANCE

The Value of Experience

Each of Auction Masters  valuers is a recognized specialist in their particular field, often with diverse experience from working within that industry.

Not only do they have qualifications in commerce, accounting and trade professions but we also have our own advanced training and management programs to ensure the highest levels of professionalism.

The Value of Advance Software

Our valuation services are fully computerized using our own software system for instant access to comprehensive and up-to-date asset records.  It allows us to not only offer precise breakdowns of entries of finance and plant managers but also rapid reporting and documentation for risk insurance.

Insurance Valuations

When Auction Masters  is asked to do an insurance valuation, we include the insurance values for all plant, equipment, buildings, contents and improvements.  Our stock-taking is painstaking and systematic to ensure that we completely cover each site.

The valuation can also be supplied as a Plant Register or Fixed Asset Register.

And because of our company's stability, you are assured of easily obtaining updates in following years.

Basis of Valuation

Valuations can be provided for single items or complete multi-site facilities on any or all of the following bases depending on your purpose:

• replacement / reinstatement value
• indemnity value
• market value
• market value for existing use
• auction-realizable value
• forced sale value

Reporting

A valuation report comprises:

• a title page
• letter of report setting out totals, matters affecting the valuation along with comments felt by the valuers to be of importance to you
• departmental summary page
• inventory
• individual valuations
• and definitions on the basis of valuation

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OTHER ASSET MANAGEMENT SERVICES

Auction Masters  Can Provide The Following Additional Services:

Asset identification stock takes;

Asset condition assessments;

Establishment and review of Asset Registers;

asset Register reconciliation;

Asset disposal and rationalization advice;

Agents for sale by private treaty and / or public tender;

Advice to vendors and purchasers on plant and machinery transactions;

Rating and taxation valuations;

Reports for arbitration.

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