Inspection
- Plant – Manufacturing unit, inspection done for safety audit , machinery audit, production quality standards and lean six-sigma processes.
- Machinery Ergonomics Inspection for plant-layout
- Machinery compliances audit under Indian Standards (IS), bench-mark purposes.
Valuation
- The Valuation of Plant and Machinery are classified as tangible assets as per the InternationalValuation Standards Council (IVSC- 300- Asset Class- Plant and Equipment).
- The assets that are usually held by an entity for use in the manufacturing/production unit are mainly machinery and tools , that is subject to depreciate over period of time due to several reasons i.e., the assets are to be valued for present market condition intended for right sale/purchase/mortagage etc.,
- At KVEC, Asset Valuation services of Plant & Machinery , Equipments, Commercial Vehicles , Earth-movers etc., are carried out on pilot basis for all sectors.i.e.,
Banking
Sector
- Hypothecation of assets
- Collateral security
- Machinery loan
- Projects loan
- Auction - sale of mortgaged assets
Manufacturing Industry
- On purchase of second-hand machinery/Plant unit
- On Sale of Plant Machinery/ tools
- Income Tax
- GST Purposes
Audit Firms
- Income Tax / Balance Sheet of P&M assets
- Capital margin of machinery assets
Chartered Engineer Certification
- In India for manufacturing and production Industry, compliances are meant with Central/ State Government authorities / regularities.
- We at KVEC , Independent Chartered Engineer certification services are carried out in day-to-day basis for all manufacturing Industries. Some of them are listed below.
- EPCG Scheme (Export Promotion Capital Goods) Scheme under Directorate General of Foreign Trade DGFT -Compliances , rules and regulations.
- Fixation of SION (Standard Input-Output Norms) under DGFT – regulations.
- Useful life of assets computation /determination under Ministry of Corporate affairs- compliances for all Industries- tangible asset depreciation in balance sheets.
- Installation certificate of Imported machinery / tools for Customs purposes.
- Plant and machinery installation and production output capacity for MSME Capital subsidy scheme.
- Technical Expert – utilization of plant capacity certification under SEBI- SME IPO offerings.