Tasmanian Valuers and Auctioneers Pty Ltd - Corporate Profile

Tasmanian Valuers & Auctioneers Pty Ltd solely own our Group

that is

TASMANIAN VALUERS & AUCTIONEERS PTY LTD

Formally trading as

WEBSTER VALUERS & AUCTIONEERS

and

TVA ONLINE SALES

The Mission Statement

Offer the highest possible level of service to our customers.

Maintain strong ethical links with our clients.

Develop the competence and skills of our staff.

The Industries

Today, Tasmanian Valuers & Auctioneers Pty Ltd is an active participant for clients in a variety of industries including:

  • Horticulture
  • Mining Industry
  • Bearings
  • Engineering Supplies
  • Merchandise
  • Heavy Machinery
  • Seafood Industry
  • Finance
  • Tasmanian Meat Industry
  • Automotive Industry
  • Antiques
  • Office and General Furniture

Company Overview

Tasmanian Valuers & Auctioneers Pty Ltd group formally Webster Valuers & Auctioneers was established in Tasmania in 1967 to offer a comprehensive range of plant and machinery valuation and disposal service to clients. The group is one of the oldest and one of the largest plant and machinery valuation and auction practices in Tasmania and employs staff located across Tasmania.

Tasmanian Valuers & Auctioneers Pty Ltd is a Member of the Auctioneers and Valuers Association of Australia, and one of the only plant and machinery valuation firms in Tasmania employing a Certified Valuer of the Auctioneers and Valuers Association of Australia (Plant and Machinery) and a Certified ASA (American Society of Appraisers) Senior Appraiser on its staff.

Tasmanian Valuers & Auctioneers Pty Ltd provide a full range of valuation services for all types of plant and equipment to meet the specific needs of the client. Whether a valuation is required for insurance purposes, to meet accounting standards, company law purposes, financial reporting, capital gains tax, sale, merger or acquisition, mortgage / finance / lease security, or to support a company float. Tasmanian Valuers & Auctioneers Pty Ltd offer the industry recognised qualifications, experience, and back up. These professional qualities and knowledge guarantee accurate and timely reporting to the client.

Our client list includes major and minor private and public companies, leading Chartered and CPA accounting firms, financial institutions, the banking industry, Commonwealth and State Government departments, authorities and local council municipalities.

Tasmanian Valuers & Auctioneers Pty Ltd is a totally independent valuation / auction /online sales practice and is not involved in private brokerages or trade in plant and machinery. This impartiality coupled with the fact that when we are involved in the disposal of plant and machinery we only act in the capacity of consignment auctioneers ensure no potential conflicts of interest can or will arise.

Tasmanian Valuers & Auctioneers Pty Ltd are Tasmanian representatives for various National Firms.


Range of Services

Tasmanian Valuers & Auctioneers Pty Ltd offer the following services:

  • Valuations of plant and equipment and inventory;
  • Fixed asset stock takes and assistance in the establishment and maintenance of asset registers; and
  • Disposal services by way of public auction, public tender or private treaty sale, at either a client's site, at our Tasmanian auction facility located in Latrobe, Tasmania and online sales.

The TVA Sales Service

TVA can provide Onsite Auctions, Online Sales, and Expressions of Interest options dependent on your needs and circumstances. The choice of sale will depend on a number of factors including: client preference; business structure; personal circumstances; the quality and quantity of items; and location. We take all these factors into consideration when advising you on the most appropriate sale option.

Whatever your preference for the selling of your items you can depend upon the experience, depth of knowledge, qualifications and total commitment of TVA personnel to ensure you get the best possible net return.

ONLINE SALES

TVA's online website enables a secure platform for the sale of items over a flexible/nominated timeframe. Vendors can view and track the online bidding activity. Funds are directly credited via securepay into TVA's NAB Online account. Vendors will receive an efficient remittance of the proceeds of the sale along with a detailed report of their sale item realisations, GST (if applicable), fees and net proceeds.

Notification about the Sale will be distributed through www.tva.net.au email transmission service and can be advertised through nominated newspaper services at a cost to the Vendor.

TRADITIONAL ONSITE AUCTION SALES
TVA onsite computer links provide rapid access to information and documentation. TVA's concern with security and the efficient remittance of the proceeds of sale is paramount.

Traditional auction services can be provided at TVA's Latrobe auction facility or alternatively onsite at your premises. The choice of location for an auction sale will depend on a number of factors including the quality and quantity of items, site security, site/premises layout, labour issues, business interruption concerns, freight and labour costs. These factors are taken into consideration when advising you on the most appropriate location for an auction sale.

TRADITIONAL AUCTION PROCESS
In organising an auction we can handle everything for you:- arrange collection of items, valuation of items, arrangement of lots into appropriate categories; preparation of catalogues; direct target publicity to potential buyers (through our extensive direct emailing lists and media advertising); the auction itself; supervision of goods collection and delivery days to buyer; collection and accounting for proceeds; calculation, collection and remittance of Goods and Services Tax (when applicable); remittance of net proceeds. These services can be negotiated at the time our client agrees to pursue this option.

Tasmanian Valuers & Auctioneers Pty Ltd has been at the forefront of the development of computer systems for auctions. All accounting processes within the auction function are computerised (from the catalogue to the remittance advice), providing vendors with instant access to running totals on auction day together with the relevant documentation.

TRADITIONAL SALES PROCEEDS
All proceeds realised at either an onsite or room auction are immediately banked into our Trust Account maintained with the Bendigo Bank. Funds are remitted to vendors net of costs and commission within ten working days following auction day. Funds are settled by way of Tasmanian Valuers & Auctioneers' Pty Ltd cheque or by direct deposit, whatever are our client chooses. A vendor also receives with their payment a computer generated detailed breakdown by lot of all goods sold.


Valuation Qualifications

The ASA (Australia Chapter) was established in 2010

Our Valuer team has an ASA Senior Appraiser accreditation

  • ASA-accredited appraisers provide the best valuation expertise available on the market, and their appraisals provide unmatched credibility in all legal proceedings.
  • ASA members earn their accreditations only after completing a rigorous evaluation process that requires years of study, dedication and commitment.
  • ASA is the oldest and only major appraisal organization representing all of the disciplines of appraisal specialists. The society originated in 1936 and incorporated in 1952.
  • ASA along with other leading appraisal societies founded the Appraisal Foundation to set the generally accepted and recognized standards of professional appraisal practice in the United States. The Appraisal Foundation was recognized by Congress as the source of Appraisal Standards and Appraiser Qualifications.
  • ASA Accredited appraisers follow both the professional standards set forth by the Appraisal Foundation and ASA's own stringent Code of Ethics and Principles of Appraisal Practice.

The AVAA was established in 1952

One of Australia's leading professional valuation organisations. Membership is restricted to only those persons who meet annual accredited continuous professional development requirements. As a client of Tasmanian Valuers and Auctioneers you are protected by a strong code of ethics, designed and enforced by the AVAA and approved by the Trade Practices Commission, which provides disciplinary measures in the event of breaches by members.

Our Valuer has personal accreditation by the AVAA, this and our strict quality control procedures ensure the highest levels of professionalism and accuracy of reporting.


Experience

We have extensive valuation experience in the following industries to name but a few:

  • Civil Contracting
  • Transport
  • Road
  • Construction
  • Production Processing
  • Meat Processing
  • Heavy & Light Engineering
  • Chemical & Petrochemical Industries
  • Mining & Extractive Industries
  • Computers
  • Fishing
  • Food & Beverage Industries
  • Agricultural
  • Hospitality and Nursing Homes
  • Hospitality
  • Railway Rolling Stock
  • Timber & Woodworking
  • Antiques

Basis of Valuation

Valuations can be provided for single items or complete multi-site facilities under each or all of the following bases:

  • Insurance Cost New Value;
  • Insurance Value Depreciated;
  • Fair Market Value;
  • Fair Market Value for Removal:
  • Fair Market Value In Continued use;
  • Fair Market Value Installed;
  • Orderly Value;
  • Forced Liquidation Value;
  • Salvage Value;
  • Scrap Value;

Reporting

Our valuations are prepared as a sequential, detailed inventory of plant and equipment, divided into individual areas and sub totaled into Departments. Each line item in the valuation has alongside its attendant value depended upon basis of valuation. Where available both model and serial numbers are included allowing for more positive identification.

A valuation report comprises, a title page, letter of report setting out totals, matters effecting the valuation along with comments felt by the valuers to be of importance to you, the basis of valuation. A complete copy of the valuation can also be provided on computer disc when required.

To aide entities in the preparation of sale memorandums we can also provide complete valuations without figures for incorporation into sales packages.


Other Services

The following additional services can be provided:

  • Asset Identification Stock Takes;
  • Establishment a Review of Asset Registers;
  • Asset Disposal and Rationalisation Advice;
  • Asset For Sale By Private Treaty and / Or Public Tender;
  • Advice to Vendors and Purchasers on Plant and Machinery Transactions;
  • Reports For Arbitration
  • Quantity Surveying
  • Fixing Internet Hire Rates For Plant And Equipment
  • Matrimonial and Probate Matters

Major Valuation & Auction Work Completed

  • Deloitte Touch Tomatsu
  • Sellers Muldoon Benton
  • Paul Cook & Associates
  • BK Hamilton & Associates
  • Price Waterhouse
  • BDO
  • Ferrier Hodgson
  • SV Partners
  • Kazar Slavern
  • Tenbensel Dee
  • Shaw Gridley
  • Finlease
  • National Australia Bank Ltd
  • Commonwealth Australia Bank
  • ANZ Banking Group Ltd
  • Westpac Bank
  • Bendigo & Adelaide Bank
  • Bank of Western Australia
  • Esanda Finance
  • Capitol Corp Finance
  • Launceston City Council
  • Burnie City Council
  • Hobart City Council
  • Boral - Industries
  • Tasmanian Perpetual Trustees
  • Public Trustees
  • Trident Pty Ltd
  • Weller Engineering
  • Tasmania Development & Resources
  • Manettas Seafood
  • Insolvency Trustee Service Australia
  • Gunns Timber
  • Transend Network Pty Ltd
  • Hazells Pty Ltd
  • Savage River Mines
  • Civil Construction Corporation
  • Pasminco
  • Southern Pacific Industries
  • Aberfoyle Mines
  • Orex Finance
  • Coles Myer
  • Household Financial Services
  • Tas Pallets Sawmill
  • Page Medical Supplies
  • Blue Ribbon
  • Northern Engineering Pty Ltd
  • Australian Paper
  • Coates & Wreckair Hire
  • North West Regional Water Authority
  • Nipper Cleaning Services
  • Tassal Group
  • Tasmanian Medicare Local
  • Brambles Industrial Services
  • Blundstone Pty Ltd
  • Britton Brothers Ltd
  • Carter Holt Harvey Pty Ltd
  • Edgell Birdseye (Simplot)
  • Banjo's Bakeries
  • Fletcher Constructions
  • Westland Nurseries
  • Motors Pty Ltd
  • Southern Wholesales Nursery
  • Richardson's Harley Davidson
  • Tas Technology Centre
  • Coopers Lybrand
  • Devonport High School
  • DAS
  • Cox Miller & Robinson, etc
  • Purchasing Aust.
  • Forze Pty Ltd
  • TasTAFE
  • Carson & McLellan
  • University of Tasmania
  • North Forest Products
  • Douglas Parker Rehabilitation Centre
  • Woolworths Supermarkets
  • Barminco Pty Ltd
  • Coles Myer Group
  • Derby Products Pty Ltd
  • Whiteline Timbers Pty Ltd
  • Southern Rocycle Pty Ltd
  • GIO Aust.

Valuation Projects

One of the important roles in consideration of a Sale is to accurately identify and describe each item to be sold for potential purchasers, and to attribute an estimated market value to each item to enable the department to ascertain accurately how much money they can expect to realise out of the Sale. Tasmanian Valuers & Auctioneers Pty Ltd has a Valuer accredited by the ASA and AAVA.


Insurances

We can supply a copy of our Workers Compensation Insurance Policy 'Certificate of Currency'. We further advise that similar certificate relating to public risk and professional indemnity insurance can be included.


Final Comment

Tasmanian Valuers and Auctioneers Pty Ltd are confident of our ability to provide superior service to our clients. Our efforts for the vendor are dedicated to this end.
We look forward to future discussions in relation to this package and are willing to further explain and expand on the contents of this submission.

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Contact Us

  • Latrobe, Tasmania
  • 1800 808 197
  • mail@tva.net.au
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