Valuation by Purpose

Recorded accounting transactions relating to assets in accordance with Thai Financial Reporting Standards (TFRS) and International Financial Reporting Standards (IFRS) on Tangible and Intangible Assets in accordance with the definition of fair value which mentions assets that are depreciated or suspected to be depreciated to adjust the value in accordance with the current condition. The valuer’s valuation methodology will be consistent with accounting standards by coordinating with the licensed accountant since the valuation and accounting standards have been together for a long time.

The establishment of a real estate fund or property fund and the establishment of a REIT (Real Estate Investment Trust) fund to raise funds on the stock exchange are objective public valuation. The valuer will work with fund manager or REIT Manager fund establishment from the process of participating in the initial feasibility study in various model numbers of stakeholders who will receive benefits expected to reach the point where there is a possibility or not until there is an appraisal in the form of a full report that will be used in the registration of the establishment and the appraisal review at the end of the year.

It is an appraisal to set up debt reserves for financial institutions. which must be considered from 2 parts: the first part is the account receivable that is NPL or Non Performing Loan and the second part is the property that the lender institution sued to force the mortgage from the debtor and then buy it back from the auction from the Legal Execution Department to hold it as an NPA or Non Performing Asset for a limited period of time. During the period of holding, the following property must be appraised to set up debt provision according to the regulations of the Bank of Thailand.

The purpose of this type of valuation is to be used as collateral for many forms of contracts such as bail on the accused, work attendance insurance, credit insurance as a distributor of goods, services, etc. As for the securities used as collateral, it is up to the parties to agree. The valuer will then use professional principles in appraising the value to be a fair market price for both parties to use as reference.

The portfolio is the term that we use to call those businesses with various properties and assets—for example, selling the debtor’s whole portfolio, the competition will be pretty high. Therefore, to compete in port selling, it has to be fast and accurate. This is why portfolio valuation is vital for both sellers and buyers; the official port auction can be arranged. Banks can appraise the portfolio fast and accurately by referring to the modern database, market database as well as the reliable model that must be accepted. The valuation approach used in this portfolio valuation is the ‘Desktop Valuation’ or ‘Drive By’ method, basically surveying and inspecting the environment around the land.

The need to know the value of a property to prepare a transaction or draw some conclusions within your own business is often. However, if the proper appraisal must be conducted conscientiously in the form of a full report, it would be a big deal with a high cost. Prospec, therefore, provides a solution that meets the needs of customers who do not require a full report to use in transactions in order to save money and quicker process, for example, want to know the value to set the purchase price, prepare funding sources, shareholder fundraising, feasibility studies, etc. The principle of preliminary appraisal is an in-office appraisal. The valuer does not have to survey the property’s location, certify the condition of the location of the property and certify the right documents. The client will certify the following information. Therefore, the resulting appraised value may have a deviation if the customer provides inaccurate details, especially the size of the building in square meters. However, when it is time to use the full report, the valuer will measure the building size at the location to confirm and calculate the exact appraisal value again. Procedure for requesting a preliminary appraisal value service: The customer prepares the information to send to the valuer for initial consideration, such as details of the land title deed, location of land, title deed number, number of title deeds, land area, list of buildings on the land, number of units, building area, utilization, etc. The valuer informs about the availability of market information in that area to be able to provide a preliminary appraisal service. Scope of Service and then the customer pays for the service. The customer fills in the property information according to the specified form and sends attachments such as a copy of the title deed, a photo of the property inside and outside and other additional documents as requested by the valuer. The valuer may request additional interviews with the client for more information regarding the property while conducting the valuation report in case there is any doubt. The valuer concludes the property in the form of a certificate of the company delivered to the customer to use in their business initially. After the customer has used the preliminary analysis, please contact us to request a full valuation report if they want the report to be utilized in the transaction with third parties. This time, the valuer will conduct a detailed survey of the property once more. If information is found on-site that differs from what was reported, it may cause the finalized price to change from the original, and the final price summary will be relied upon.