Proper - Consult (T) Limited is one of the leading valuation and asset management consulting firms in Tanzania. It was registered in 1992 and is manned by Tanzanian professionals of long standing experience in the disciplines of asset management, property management, estate agency, land administration, valuation, project appraisal, financial analysis and resource management. It is registered by the National Council of Professional Surveyors and is licensed to practice for gain.
Proper Consult has undertaken physical verification and condition assessment of all types of fixed assets. This is normally followed by the valuation of the assets for a variety of purposes, including the following: Accounting / Balance Sheet; Rating; Rent assessment; Mortgage; Purchase or Sale; Compulsory Acquisition (Compensation assessment);Investment Appraisal; Liquidation; Divestiture; Preparation of prospectus of companies slated for listing (IPO) on the Stock (Exchange) Markets. The type of assets valued include land and buildings, specialized plant & machinery, furniture and equipment as well as transport assets such as motor vessels and motor vehicles.
Due diligence implies “being alert and careful, taking all reasonable measures to avoid unplanned risk exposure”. Clients who normally wish to access this service are potential (foreign) investors wishing to invest in entities advertised for divestiture.
Such investors would be normally being availed with a prospectus comprising data on the opportunities on offer, but a prudent investor would wish to cross check this information to ascertain its accuracy and reliability before making his irrevocable bid. He would also need to have such other additional information as might be deemed relevant (e.g. various legislation) but which may not have been included in the advertised firm`s prospectus. Proper-Consult has expertise to handle such highly exacting assignments.
Each one of our client is unique and we treat their instructions as special. In each instance, Proper- Consult combines global, cutting edge, professional expertise with intimate knowledge of the local economic and legal environment to produce optimal results for the assignment at hand.
In the case of valuations for example, we use the International Valuation Standards (currently IVSC 2002) and take into account latest guidelines from the International Financial Reporting Standards (IFRS 2001) and the Tanzania Financial Accounting Standards (TFAS No. 6, 2003).
Similarly in Land Administration, our practice is guided by the National Land Policy and relevant legislates such as the Land Acts No. 4 of 1999 and the Village Land Act No. 5 of 1999 and Laws relating to physical planning, land surveying, land acquisition and Land Regulations No. 16 of 2001 and the latest approved physical Land Use Plans for each locality.