When it comes to machinery and equipment, business owners, lenders, CPAs, and attorneys and the courts are all asking the same questions: What’s it really worth? Is the book value an accurate measure? Should I take the word of a non-certified appraiser, whose valuation may be inaccurate or unsubstantiated? Is the judgement of a non-independent appraiser (one who works for an auctioneer or dealer) truly impartial, or does it reflect a bias?
Estimating the true value of your machinery and equipment requires a certified professional with the right knowledge and training to make a proper assessment. Knowing which valuation standard to apply in your unique situation is a learned expertise.
Does your situation require a determination of fair market value, liquidation value, salvage value, scrap value, insurance replacement cost or a combination of them? If so, the only true valuation comes from a certified appraiser with the right credentials and business acumen. Without a doubt, these credentials will yield the most defensible, accurate and independent appraisal that can withstand the scrutiny of lenders, government agencies, potential buyers, the courts, shareholders or business partners.
Independent, Qualified Professionals
A surefire valuation can only be obtained through the services of a Certified Machinery & Equipment Appraiser (CMEA). CMEAs are independent, qualified professionals with the credentials necessary for machinery and equipment appraisals.
myCMEA has the qualifications to provide defensible, accurate and independent appraisals for industrial, commercial and institutional machinery and equipment both here and abroad. With offices in New York, New Jersey and Connecticut, myCMEA provides clients with in-depth experience in the financial industry as well as comprehensive machinery and equipment valuation certifications. We adhere to the standards set forth by:
National Equipment & Business Builders (NEBB) Institute-The Institute requires CMEAs to pass a comprehensive written examination and submit a demonstration appraisal. Additionally, participants receive extensive training on a continuous basis and must recertify every five years.
Uniform Standards of Professional Appraisal Practice (USPAP)-CMEAs are encouraged to follow the ethics guidelines outlined by USPAP. Though not an accredited body, the USPAP’s guiding principles help to ensure that the CMEA’s Appraisal Report is accurate and unbiased. Reports that have not followed these guidelines are rarely delivered by non-certified or non-independent appraisers.
National Association of Certified Valuation Analysts (NACVA)-The largest organization of business valuation analysts, NACVA lends a broader view to the the M&E appraisal. It is an accredited body for full business valuations.
With so much at stake, why would you settle for anything less? Look for only for those bearing the CMEA logo. myCMEA has earned it as well as other important distinctions, so you can be confident that you will receive the most defensible, accurate and independent appraisal possible.
