Service Delivered: Industrial Consulting – Asset Valuation and IFRS Compliance
Client: Zamil Metal Works
Project Overview:
Zamil Metal Works, a stalwart in the industrial sector, engaged Advisory Corp for a critical valuation and technical inspection project, centered on a Primary Care Pharmaceutical Company’s assets in Saudi Arabia. This extensive undertaking aimed to provide a detailed valuation and assessment of tangible assets including buildings, plant, machinery, and equipment, ensuring compliance with International Financial Reporting Standards (IFRS) for auditing purposes.
Our Approach:
Embarking on this intricate journey, our team initiated with a thorough on-ground technical inspection, an essential step underpinning our industrial consulting services. This hands-on approach allowed us to accurately gauge the condition, utility, and value of each tangible asset, ensuring no detail was overlooked.
Following the fieldwork, our experts compiled an Asset Valuation Report, pivotal for the Purchase Price Allocation (PPA) process. This comprehensive document served as a strategic tool for Zamil Metal Works, delineating the value of each asset with precision and clarity.
A significant facet of our service entailed technical discussions with auditors, a step crucial for aligning the asset valuation with IFRS standards. This dialogue was instrumental in bridging the gap between technical valuation and financial compliance, ensuring the valuation report was not only thorough but also IFRS compliant for audit purposes.
Results:
The collaboration resulted in a meticulously detailed Asset Valuation Report, elevating Zamil Metal Works’ understanding and management of their tangible assets. By aligning with IFRS standards, we fortified the company’s standing in the consulting industry, affirming their assets’ value and compliance in a clear, auditable manner.
This case illustrates the expertise of Advisory Corp as a leading Saudi asset valuation company, showcasing our commitment to delivering precision, compliance, and strategic insight in the asset valuation and industrial consulting arenas.
