Services
Valuation of property, plant and business
Valuation services with unerring accuracy.
Whitestone is an IBBI registered valuer firm covering all three asset classes - land and building, plant and machinery, and securities or financial assets. We value immovable property for bank lending, for NPA and SARFAESI proceedings and for DRT; businesses and shares for capital gains, the Companies Act and the IBC; and plant and machinery for lenders and for transactions. Every report is prepared to ICAI and IBBI valuation standards and signed by a registered valuer.
Business valuation is the first step to assess the net worth of your business. Our team provides personalised attention, applying the most suitable approach to evaluate market value and future revenue potential.
Valuation service
Business valuations are essential for most companies, regardless of the stage in their life cycle. Our team of specialists is adept at conducting valuations of:
For banks and financial institutions
- Land and building valuation
- Plant and machinery valuation
- Property valuation for NPA assets under the SARFAESI Act
- Property valuation for DRT
For compliance
- Income Tax — capital gains
- Companies Act
- Insolvency and Bankruptcy Code
- FEMA and SEBI
- Fair value accounting under Ind AS
For transactions
- Business purchase and sale
- Admission or retirement of a partner
- Merger and acquisition
- Restructuring and buyback
- ESOPs
- Rent and royalty fixation
- Estate, strategic planning and gifts
Techno-economic viability
Evaluation of the financial viability of a project and the appraisal of its techno-commercial parameters. We conduct feasibility studies that give a true picture of the prospects.
Projects we assess
Lender’s Independent Engineer
A specialised function that safeguards the interests of the financial institution. We assess accuracy and efficiency, and monitor progress at periodic intervals to mitigate risk.
Our key offerings include
- Engineering and manufacturing industries
- Processing companies and food production
- Educational universities and schools
- Hotels, resorts and shopping malls
- Commercial buildings and residential townships
Transaction advisory and due diligence
The success of a deal depends on regulatory compliance, accounting standards, taxation and legal adherence — and on the depth of the management running it. We do not carry out due diligence as an isolated process. Our approach is to take in every aspect of transaction advisory and manage them collectively as one project, which is what lets us understand both the acquirer and the target.
Our key offerings include
- Buy-side and sell-side negotiation
- Advisory on terms and conditions, and drafting of the agreement
- PPP transactions
- Purchase price allocation
- Technical audits and equity evaluation
- Cross-border transactions and transfer pricing
Common questions
- What does an IBBI registered valuer do?
- A registered valuer is registered with the Insolvency and Bankruptcy Board of India under the Companies (Registered Valuers and Valuation) Rules, 2017, for one or more asset classes: land and building, plant and machinery, or securities and financial assets. Where the Companies Act or the Insolvency and Bankruptcy Code requires a valuation, it must be carried out and signed by a valuer registered for that class. Whitestone is registered for all three, under IBBI/RV-E/01/2022/168.
- When does a bank need a property valuation report?
- Usually at three points: before sanctioning a facility secured on immovable property, periodically while that facility is running, and once an account turns non-performing, where a valuation supports enforcement under the SARFAESI Act or proceedings before a Debts Recovery Tribunal. Banks generally require the report to come from a valuer on their approved panel.
- How is the fair market value of a property arrived at?
- By the approach the asset and the purpose call for, and the report states which was applied and why. For land and building that is usually the market or comparable sales approach, the income approach where the property is let or capable of being let, or the cost approach where comparables do not exist. Where more than one approach is used and they differ, the report explains the weight given to each rather than presenting a single figure without reasoning.
- What is a valuation under SARFAESI, and one for DRT?
- A SARFAESI valuation is prepared once an account is classified as non-performing and the secured creditor intends to enforce its security. It informs the reserve price at which the asset is put to sale. A DRT valuation is prepared for recovery proceedings before a Debts Recovery Tribunal. Both are addressed to the institution and both must be signed by a valuer registered for that asset class.