| Evaluation activities
Importance FOC has licenses for evaluation activities and for operation with data representing the State secret and is a member of Russian association of evaluators and Russian collegium of evaluators. Professional liability of FOC is insured for 30 millions rubles in OAO “Military Insurance Company”. The most typical cases when it is necessary to carry out independent evaluation of property for FOC clients are: • purchase and sale; • noncash contributions to chartered capital; • insurance; • pawningã; • determination of damage; • division of property; • legal proceedings; • investment projects; • re-evaluation of main funds; • taxation; • bankruptcy proceedings; • coming into inheritance. In some cases necessity of execution of independent evaluation is determined by legislation of the Russian Federation: 1. Federal Law No. 135-ÔÇ ”About evaluation activities in the Russian Federation” • Participation in transaction of objects belonging in part or in whole to the Russian Federation, constituent entities of the Russian Federation, or municipal entitys • in case of nationalization • in case of mortgage lending • in case of marriage contracts and division of property of divorcing married couple • in case of redeem or other extraction of property from owner for state or municipal needs • in case of disputes on calculation of taxed base 2. Federal Law No. 14-FÇ ”On companies with limited liability” 3. Federal Law No. 208-FÇ ”On joint stock companies” 4. Federal Law No. 41-FÇ ”On producers' co-operative” 5. Federal Law No. 193-FÇ ”On agricultural cooperation” 6. Federal Law No. 102-FÇ ”On mortgage (mortgage of real estate)” 7. Federal Law No. 152-FÇ ”On mortgage securities” 8. Federal Law No. 127-FÇ ”On insolvency (bankruptcy)” 9. Tax Code (tax on income of physical persons (insurance)) 10. Federal Law No. 144-FÇ ”On restructuring of credit organizations” 11. Federal Law No. 75-FÇ ”On nongovernmental pension funds” 12. Federal Law No. 39-FÇ ”On equity market” 13. Federal Law No. 225-FÇ ”On agreements for division of products” 14. Federal Law No. 40-FÇ ”On obligatory insurance of civil liability of vehicle owners” 15. Civil Code (third part) Section “Succession law” Basic services • business (enterprise) evaluation; • securities evaluation; • immovable property evaluation; • evaluation of machines and equipment; • re-evaluation of main funds for transition to international financial reporting standards; • evaluation of intangible assets. Clients RAO “Unified energy systems of Russia”, “Rosnefty” Oil Company, Vnesheconombank (Bank for development and foreign economic affairs), ÎÀÎ “Tactical missile munitions” Corporation”, AMO ZiL. Realized projects 1. Evaluation of commercial value of trade marks under the leadership of the Guild of Purveyors to the Kremlin. 2. Evaluation of commercial value of rights and obligations on investment project on construction of complex for sorting and processing of solid domestic waste and industrial waste in city of Orel (Vnesheconombank). 3. Evaluation of property complex belonging to OAO “Krasny hydropress” (ÎÀÎ “Tactical missile munitions” Corporation”). 4. Evaluation of property complex belonging to AMO ZiL. Publications of employees 1. Yegorov V.V. “In the pay of franchisee. How brand increases profits and reduces risks”, “Buy a brand”.
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