Following the Covid-19 pandemic the world has changed. Rode & Associates has assessed market needs and requirements and has revolutionized the valuation industry to provide valuations, for market and insurance purposes, which are more cost efficient, more accurate and with quicker time turn around due to new innovative methods and techniques. We value all assets including:
• Property – retail, commercial, industrial and residential
• Plant, Machinery, Equipment and Technical Assets
• Fine Art and Antiques including contents
• Other General and Specialized Assets.
Rode & Associates team has extensive experience and expertise in providing compliance services for GRAP 103 Accounting Standards for Heritage Assets. An innovation is utilizing RFID to identify and read information stored on a tag attached to the item which allows better controls in managing the physical location, movement, security and records.
• Asset identification and verification
• Asset Registers with Bar Coding with or without Radio Frequency Identification Technology and Devices (RFID)
• Valuation
• Compliance with GRAP 103 Accounting Standards
Rode & Associates has been involved with numerous projects including many with HERITAGE sites (like Museums) which require to be complaint with all regulatory accounting standards including amongst others GAAP (Generally Accepted Accounting Principles), GAMAP (Generally Accepted Municipal Accounting Principles) and IFRS (international Financial Reporting Standards).
• Project Management, Asset Recording and Tracking and valuation services.
• Life Cycle Management Program and Maintenance Management Program.
• Setting up or updating the Financial Asset Register (FAR) with bar coding to ensure assets are correctly recorded, accurately valued and professionally managed.
• Radio Frequency Identification Technology (RFID) to identify and read information stored on a tag attached to an asset. Allows cost effective storage and tracking of the assets with all the information easily & efficiently accessed at all times with good security and controls.
The value of a business/company is very important to individuals, shareholders or potential investors. The brief why the valuation is required is essential to understand the clients needs and requirements. Once clear the valuation is carried out with an in-depth analysis of the operation covering all financial and other relevant information. The Valuer will consider one or a combination of the following business valuation methods to arrive at Fair Value:
• Market Approach
• Income Approach
• Asset Approach
Compliance Audits, Health and safety Implementation, Skills Development and Capacity Building, Preparedness of Staff and Management and Development Advisory (Safety Systems and Fire Protection)
• Pre and Post Risk Survey – conduct full inspection of the risk to be insured as required by Insurance Underwriters
• Risk assessment covering spread of fire, flooding exposure and incident preparedness
• Risk Mitigation Services – Action Plans, Risk management Guidelines, Emergency Response Procedures, Occupational Health and Safety
The successful purchase or sale of an Asset depends on the true value of that asset. Rode & Associates’ knowledge, experience and contacts come into play where clients can be guided accordingly.
• In house valuation of assets
• Independent advice where to buy or sell assets – agents, brokers, auction houses etc
• Condition report of asset if required
• This ensures that the correct platform is used to obtain the best deal in the quickest time
• On line sale service – certain assets
• Minimal Cost to the client
• Confidentiality always maintained
Rode & Associates has assembled an experienced and highly skilled team of mining experts covering the following services:
• Valuations for market (including financial reporting) and insurance (replacement cost) purposes
• Financial and Commercial Management
• Project evaluation, feasibility studies and development
• Capital projects estimates and operational budgets
• Risk assessments and management
• General Consulting and executive overview
The company, amongst many others, specialises in the hospitality industry – hotels, B&B’s, lodges and game reserves. In line with the company’s objective of offering an all-inclusive service to all clients the need arose to include a few specialised services as detailed below where for a number of years we link our valuation services to include Ecology Management, particularly for Game Reserves and Agricultural Farms, assisting with conservation management and the development of our environment in a responsible and sustainable way. These services include:
• Wildlife Consulting – including the valuation of wild game
• Environment Management
• Eco-Tourism and General Development Advisory
Under the company’s Business Valuation division we offer valuing an organisations Intangible Assets, which are assets that are not physical in nature and include brand recognition, goodwill, patents, trademarks, copyrights, proprietary technology and customer lists (clients). While valuing Intangible Assets can be challenging mainly due to the fact that due to the asset having no physical form and isn’t easily converted to cash, the Calculated Intangible Value (CIV) can be achieved by taking into consideration factors such as the company’s pre-tax earnings, companies and industries average return on Tangible Assets.
“We deal with highly confidential information and have learnt that clients would rather deal with one company to handle all their requirements covering valuations, buy and sell consultancy, asset management consultancy and the other key services which are linked and compliment these services in the financial services industry” says Thando Thobakale, the General Manager.