Appraisal Services

Appraisals provided by Tom Hennig Company have been
beneficial to owners, financial advisors as well as lending
institutions.  Producing a watertight non-biased evaluation
of assets is our specialty.

Why do I need an Appraisal?

  Import & Export of Used Equipment

  Securing or restructuring loans

  Lines of credit

  Estate planning

  Buying or selling assets

  Insurance claims and disputes

  Partnership or marriage dissolution

What type of Appraisal do I need?

Chartered Engineer Certificate
Reproduction Cost  •  Replacement Cost

Fair Market Value
Fair Market Value in Continued Use
Fair Market Value Installed
Fair Market Value Removal

Liquidation Value  •  Orderly Liquidation Value
Forced Liqudation Value
Salvage Value  •  Scrap Value

Insurance Reproduction Cost  •  Insurable Value Depreciated

Desktop Opinion

Chartered Engineer Valuations  =  
establish the used value of the imported equipment and, if it is to be loaned to a subcontractor
for a project or sold to an end-user, provides a paper trail that follows the equipment through its useful
life.

Reproduction Cost New  =  
is the cost of reproducing a new replica of a property on the basis of current prices with the
same or closely similar materials with any inadequacies.

Replacement Cost New  =  
is the current cost of a similar new property having the nearest equivalent utility as the property being appraised.

Fair Market Value  =  
is the estimated amount expressed in terms of money that may reasonably be expected for
property in exchange between a willing buyer and a willing seller with equity to both, neither
acting under any compulsion to buy or sell and both fully aware of all relevant facts as of a specific date.

Fair Market Value in Continued Use  =  
is the estimated amount expressed in terms of money that may reasonably be expected for a
property in exchange between a willing buyer and a willing seller with equity to both, neither
under any compulsion to buy or sell, and both fully aware of all relevant facts and including
installation, as of a specific date, and assuming that the business earnings support the value reported.
This report requires a financial statement.

Fair Market Value - Installed  =  
but not necessarily operating is the estimated amount of an installed property expressed in
terms of money that may reasonably be expected in exchange between a willing buyer and
a willing seller with equity to both, neither under any compulsion to buy or sell and both fully aware
of all relevant facts.

Fair Market Value - Removal  =  
is the estimated amount expressed in terms of money that may reasonably be expected for
property in exchange between a willing buyer and a willing seller with equity to both, neither
under any compulsion to buy or sell and both fully aware of all relevant facts, as of a specific
date, considering removal of the property to another location.

Liquidation Value In Place  =  
is the estimated gross amount expressed in terms of money witch is projected to be
obtainable from a failed facility assuming that the entire facility would be sold intact within a limited
time to complete the sale.

Orderly Liquidation Value  =  
is the estimated gross amount expressed in terms of money which could be typically realized from a
sale, given a reasonable period of time to find a purchaser(s), with the seller being compelled to sell on
an as is, where is basis.

Forced Liquidation Value  =  
is the estimated gross amount expressed in terms of money which could be typically
realized from a properly advertised and conducted ("unreserved") public sale with the
seller being compelled to sell with a sense of immediacy on an as is, where is basis with
no warranty implied or expressed, and the buyer(s) being responsible for removal costs.

Salvage Value  =  
is the amount expressed in terms of money that may be expected for the whole property or a
component of the whole property that is retired from service for use elsewhere.

Scrap Value  =  
is defined as the amount expressed in terms of money that could be realized for the property
if it were sold for its material content, not for a productive use.

Insurance Replacement Cost  =  
is the replacement cost new as defined in the insurance policy less the cost new of the items
specifically excluded in the policy, if any.

Insurable Value Depreciated  =  
is the insurance replacement cost less occurred depreciation considered for insurance purposes.

Desktop Opinion  =  
is the valuation is arrived at without the appraiser viewing the assets. Equipment list(s) and other
data is provided to the appraiser by others. This type of valuation should only be used for making decisions
regarding the need for an in depth appraisal and should not be used for lending decisions.

Do you import or export high tech commodities?

Tom Hennig Company provides Chartered Engineer appraisals
on used equipment being exported to various countries.

• After inspection of your wares we provide you with a
  Chartered EngineerCertificate of Import.
• The Certificate lists all the used equipment with its
  current market value in a format required by customs.
• Our seal is recognized and respected at customs.
• Our Chartered Engineer Appraisals provide an easy
  entry into a foreign land.

Copyright © 1998 Tom Hennig Company
Last update February 15, 2008
All Rights Reserved