IQBAL NANJEE & COMPANY (PVT) LTD.

Project and Asset Valuation

With a large strength of experts based at Karachi, Lahore, Multan and Peshawar, operating for over four decades. We employ various engineers from different disciplines, including electrical, mechanical, industrial, marine, textiles, etc. We have a host of consultants on our panel to conduct detailed survey and valuations.

Our surveyors have conducted valuations and risk assessment for Pakistan Telecommunication properties, airport facilities of Civil Aviation Authority, various textile plants, cement plants, power generation units, Pakistan State Oil, various Fertilizer Plants host of chemical and pharmaceutical companies.

We were involved in surveys of Projects such as Tarbela Dam which was one of the largest earths filled Dam in the World, Pakistan Steel Mills, Sui Southern Gas Company and several projects related to Textile, Cement, Automobile Industries, Oil Refineries, Chemicals and Glass Plants, etc. for local and foreign Underwriters / Bankers and Owners. We have been involved in the inspection of various Power Generation Units including Hub Power, Port Qasim Thermal Power Station, Kot Addu Thermal Power Station, TarbelaHydal Power Station, Jamshoro Power Station, Uch Power and Liberty Power, etc.

Risk Management & Valuation

Risk management and loss prevention surveys are an important part of the services offered by us. We carry out such surveys for clients on a variety of industrial risk including assessment of EML, hazard analysis and recommendations for risk improvements.

Risk inspection surveys generally relate to fire, explosion and allied perils and machinery breakdown Insurance. Most specific perils can be addressed if required. A typical fire insurance survey can involve considerations such as climate, local environment and exposure, process hazards, maintenance and inspection, loss history, value at risk, EML, assessment of risk and recommendation. For risk improvement, a machinery breakdown survey on the other hand, concentrates on the condition, life, availability of spare parts, operating conditions, maintenance standards and inspection of specific items of machinery such as boilers, generators, etc and review of turn-around reports.

The assessment of plant and machinery on indemnity or reinstatement value for insurance purposes is also part of the services provided by us both in relation to risk surveys and to risk management exercise. The level of details in a valuation can be tailored to the client's requirement ranging from a simple assessment of value at risk to full scope assignment as detailed above. Once such a survey has been carried out, it can be revised on an annual or bi-annual basis in conjunction with the site engineers and requiring a short check of any additions or alterations in the assets of the Industry.

Our personnel involved in this work have considerable experience from a broad spectrum of engineering' disciplines, maintenance, repair and safety. They are in a position to advise on reinstatement values keeping into consideration the local environment. Petrochemicals Plants, Power Plants, Chemical process units, Paper, Sugar, Cement, Textile, Food Processing, Electrical and Electronic Installations are among the assignments handled by us.

Asset and Insurance Consultancy

With the collaboration of our foreign affiliates we offer services world-wide for checking, inspection and certification of industrial equipment and machinery during manufacture; checking for compliance with specification laid down in the contract documents; checking for completeness and brand new state of machinery and equipments; checking of surface preparation for corrosion protection; checking of painting, packing and marking; follow up of contracted delivery and shipping schedules and proper documentation.

We have inspected the assets of the K-Electric (formerly KESC), and have rendered them advice on the cause of Power Generation losses, on fuel consumptions and other efficiency related issues. We have also technically inspected and valued the facilities of Karachi Water & Sewerage Board. We carried out the valuation of the buses / equipment of the Karachi Road Transport Corporation. We have been adviser to the Pakistan Railways on the management of their assets and to the Civil Aviation on their land and property valuation. We have carried out the survey of land and equipment of the entire Southern Region of the Pakistan Telecommunication Corporation Ltd. We have also been adviser to Unilever (Pakistan) Ltd. on their valuation and on minimizing the transit losses of their products.

In the energy sector, we have provided consultancy service and technical inspection to various Power Generation Units in the public and private sectors, such as the Kot Addu Thermal Power station, Tarbela Dam Hydal Power Station, Hub Power, Kohinoor Power, Jamshoro Thermal Power Plant, etc. With our team of experienced engineers in various disciplines, and the expertise of our foreign Associates, we have succeeded in providing consultancy services to our valued clients, enabling them to determine the present state of the asset, the state of its maintenance, and probable realisable value of such equipment.

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