Industries Manufacturing

Despite declining as a percentage of GDP over recent years, the manufacturing industry continues to grow, reaching $1.87 trillion in 2012, up from $1.73 trillion the previous year. It accounts for two-thirds of all private sector research and development expenditures and is one of the largest segments of our economy. The professionals at HSSK understand the challenges facing this vital and expanding industry sector and have proven experience in both offering authoritative determinations of losses and profits for use in litigation and contract disputes and in the valuation of manufacturing facilities and assets. Within the industry itself, our professionals are experienced in process manufacturing, including petro chemicals, job-shops, printing, castings, batch production, custom order such as commercial aircraft and fresh and saltwater commercial vessels.

Our valuation experts bring an intricate understanding of patents, manufacturing equipment, packaging look and feel, and process know-how to the table to deliver quality assessments of manufacturing assets for issues ranging from taxes to intellectual property licensing. For new construction, we prepare cost segregation analysis for use in reporting capitalizable and non-capitalizable costs and depreciation, and for established facilities, we perform valuation analyses to determine facility cost attributable to land and that attributable to personal property. We also determine reasonable royalties for licensing technology and other intellectual property to subsidiaries and affiliates in high tax jurisdictions.

Our litigation professionals bring industry experience combined with knowledge of financial and managerial accounting to permit HSSK us to accurately deliver determinations of lost profits or dimunition in value or perform financial forensic investigations. We are experienced in the nuances of cost and revenue accounting in complex corporate structures as they pertain to manufacturing costs and revenue. We are experienced in using standard costing systems as well as in determining variable, semi-variable and fixed costs. Our experience is built on years of working with manufacturing entities as our clients, as debtors in the bankruptcy process and in constructing manufacturing facilities.

Applicable Services

  • Breach of Contract
  • Tolling Agreements
  • Diminution in Value
  • Business Valuation
  • Taxation
  • Solvency and Fairness Opinions
  • Cost Segregation
  • Tortious Interference
  • Contract Compliance Reviews and Disputes
  • Intellectual Property Claims
  • Intellectual Property Valuation
  • Financial Reporting
  • Financial Restructuring
  • Realty versus Personalty
    Determinations for Property Tax Reporting
 

Representative Engagements

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  • Business Valuation

  • Litigation Consulting

  • Financial Restructuring