Valuation assistant Jobs in Lucknow - Gautam Associates

Valuation is estimation of worth of something. 

Valuation is a very old concept, right from the civilization of mankind, man has learnt the art of justification of current worth of an asset. 

The advent of civilization and beginning of community settlements gave birth to the concepts of demand and supply. 

Principles of valuation were practiced in ancient India where King of states used to appoint valuers who would assess value of consumer goods brought from outside the state by traders and levy appropriate taxes.

Today exchange of commodity is been evaluated in terms of money. Economy plays a very vital role in the life of a person, in society and a country as a whole. It binds the whole world. We may say that economy work as a blood in the body of the whole world. In the same fashion, valuation work also plays a very important role in the economy of the country. Particularly in financial sector one cannot deny the importance of valuation of an asset. When a financial distribution wish to land on any project or any company, foreign, entity or individual, it wants to know that the person to who it is lending have worth or not. Here the role of valuer comes into play the financial institution hires the services of valuer to known the value of firm or entity it is lending likewise; many institutions enters into the agreement with other entities after knowing the value of their assets. Even before awarding the contracts the net worth of the contractors is obtained through valuation reports. In the way importance of valuation is very much required in whole of the economic activities.