What Is a Physical Verification of Assets?

Real assets refer to assets created in economic life to produce goods and provide services. It is an asset that creates wealth and income and creates net profit for the economy. It includes land, buildings, knowledge, machinery used to produce products, and skilled workers necessary to use these resources. From an accounting perspective, physical assets include inventory and fixed assets, while inventory includes inventory materials, finished products, and semi-finished products in production. Fixed assets refer to buildings, machinery, land, etc. with a useful life of more than one year.

Physical assets

Right!

Real assets refer to assets created in economic life to produce goods and provide services. Is an asset that creates wealth and income and creates for the economy

Physical assets are "

Classification of physical assets by management attributes

Fixed assets: standalone use; durability of one year and above;

I. Submit a transfer application

The transferor shall submit the following application documents to the CSI Asset Exchange:

(1) "Application for Asset Transfer";

(2) Copy of the business license of the transferor and the transferee's legal person, and the organization code certificate;

(3) Registration certificate of the state-owned assets of the transferor enterprise;

(4) internal decision-making documents of the transferor;

(5) the right to approve the approval or resolution of the transfer of physical assets;

(6) Articles of association of the transferor company;

(7) the asset evaluation report of the transfer target, the approval form or record form of the asset evaluation project;

(8) Where the subject matter of the transfer is real estate, the subject matter ownership certificate and land use right certificate shall be submitted;

(9) Where the company intends to transfer to the legal representative of the transfer target enterprise, submit an audit report on the economic responsibility of the legal representative;

(10) If a broker member is entrusted, an Asset Trading Entrustment Contract shall be submitted.

(11) If the object of transfer is a motor vehicle, a motor vehicle exercise certificate, purchase surcharge (tax) certificate, insurance policy, road maintenance certificate, vehicle use tax certificate, and unit legal person code certificate (one for each vehicle) must be submitted. Fill in the vehicle transfer order on the spot of the old motor vehicle trading market. There is no record of violations of the vehicle, and the vehicle is in the annual inspection period.

Information Disclosure

The public announcement of the asset transaction project shall be no less than 20 working days. Disclose the asset transaction information through the website of CSI Asset Exchange, electronic display screen and various designated media. The main content of the information disclosure is the content of the Application for Asset Transfer.

Submitting an Assignment Application

During the listing period, the intent transferee shall submit the following documents to the Beijing Stock Exchange:

(1) Application for Asset Assignment;

(2) A legal person's qualification certificate or a photocopy of a natural person's ID card;

(3) the recent balance sheet and profit and loss statement of the corporate legal person;

(4) internal resolutions and approvals regarding the acquisition, and the articles of association of the company;

(5) For entrusting broker members, the "Asset Contract for Asset Trading" shall be submitted;

(6) Relevant documents or certifications that meet the transfer conditions;

(7) Other documents and materials to be submitted in accordance with the trading rules.

Fourth, determine the transferee

At the expiration of the listing period, if only one qualified intent transferee is generated, the transferor and the intent transferee successfully negotiate to determine it as the transferee; if two or more qualified intent transferees are generated, the transferor shall It is agreed to determine the transferee through auction, bidding, online bidding or other bidding procedures organized by CSI Asset Exchange.

V. Auction Procedure

If it is determined to adopt the auction procedure for the transfer, after the auction organization is determined, the transferor must sign an "Auction Entrustment Contract" with the auction company, and the auction company will issue an auction announcement to conduct the auction.

Signing a transaction contract

In the case of an agreement, the transferor and the transferee sign an Asset Trading Contract (at least three).

Settlement of transaction prices

The transferee shall pay the transaction price of the assets to the CSI Asset Exchange. In the case of an auction, the transferee must also pay the auction commission and the transaction price to the CSI Asset Exchange.

Issue transaction certificate

After the asset transaction price is received, the CSI Asset Exchange reviews and issues an asset transaction certificate. In the case of an agreement, the transaction parties shall pay the asset transaction service fee to the CSI Asset Exchange and obtain the asset transaction certificate. In the case of an auction, the transferor shall pay the auction commission to the CSI Asset Exchange and obtain the asset transaction certificate.

Nine, change procedures

The transferor shall issue to the China Securities Asset Exchange the relevant certificate of the transferee's consent to the transfer or the changed real estate certificate and land certificate, and receive the asset transaction price.