This department handles the valuation and sale of plant & machinery, vehicles, unclaimed/uncleared air & surface transport cargo, process / maintenance scrap, unused spares & stock, office equipments, etc on behalf of industrial, commercial establishments, public sector and Private sector undertakings. While most of the disposal work by Murrays is in South India, companies in other parts of India have realized the efficiency of Murrays and sought to use our services. The sales are normally conducted at the premises of the Principals.
In addition to valuation and conducting the sale, particularly for industrial establishments, we advise and assist in identification, collection and segregation of the process scrap, after studying the production process, to ensure optimization of sale realization and good housekeeping. Post auction escrow service is also provided.
With practical experience in valuation, we advice our clients on optimal realizable values for the articles. We have evolved effective methods of handling sales to ensure smooth sales and safeguard our Principals against vexatious litigation.
The charges for valuation and conducting sales are normally a percentage on the sale realisation. The actual expenses incurred for publicity and travel & stay (in case of sales held outside Chennai) is charged to the Principal.