Tianjin Zhengtai Certified Public Accountants Co., Ltd
Tianjin Daqiuzhuang Metal Sheet Co., Ltd.
Assets Appraisal Report
JZTPBZ (2007) No.500006
Abstract
Tianjin Zhengtai Certified Public Accountants Co., Ltd. was assigned by Tianjin Daqiuzhuang Metal Sheet Co., Ltd. to evaluate all assets and liabilities related to the current assets value of Daqiuzhuang. Our firm has conducted the appraisal process pursuant to Chinese national regulations on assets evaluation, on the basis of original materials and checkup ledger provided by the client, and in line with the principle of being objective, independent, honest, and scientific. “Replacement Cost Method” is used in the appraisal on major assets, and according to the necessary appraisal procedure, we have investigated on spot and conducted market research, inquiry and verification to determine the value of assets assigned for evaluation, and reached the following conclusions: The appraisal benchmark date is December 31, 2006. At that day, the evaluated assets value is 641701580.83 yuans; evaluated liabilities value is 399767207.14 yuans; evaluated net assets value is 241934373.69 yuans. Please see Consolidated Appraisal Results Sheet and Appraisal Ledger for more details about the appraisal conclusions.
Consolidated Appraisal Results Sheet
| Assets owneræTianjin Daqiuzhuang Metal Sheet Co.,Ltd. | | Unit:RMB/Yuan |
| Item | Book value | Adjusted book value | Appraisal value | Increase or decrease amount | Increase rate% |
| A | B | C | D=C-B | E=(C-B)/B×100% |
| Current assets | 1 | 347,387,936.26 | 347,387,936.26 | 374,896,109.55 | 27,508,173.29 | 8% |
| Long-term investment | 2 | | | | | |
| Fixed assets | 3 | 207,539,732.93 | 207,539,732.93 | 242,349,126.28 | 34,809,393.35 | 17% |
| Including: projects in process | 4 | | | | | |
| Buildings | 5 | 63,785,388.65 | 63,785,388.65 | 79,325,388.65 | 15,540,000.00 | 24% |
| Equipments | 6 | 143,754,344.28 | 143,754,344.28 | 163,023,737.63 | 19,269,393.35 | 13% |
| Intangible assets | 7 | 14,075,192.34 | 14,075,192.34 | 24,456,345.00 | 10,381,152.66 | 74% |
| Including: land use right | 8 | 14,075,192.34 | 14,075,192.34 | 24,456,345.00 | 10,381,152.66 | 74% |
| Other assets | 9 | | | | | |
| Total assets | 10 | 569,002,861.53 | 569,002,861.53 | 641,701,580.83 | 72,698,719.30 | 13% |
| Current liabilities | 11 | 383,767,207.14 | 383,767,207.14 | 383,767,207.14 | 0.00 | 0% |
| Long-term liabilities | 12 | 16,000,000.00 | 16,000,000.00 | 16,000,000.00 | 0.00 | 0% |
| Total liabilities | 13 | 399,767,207.14 | 399,767,207.14 | 399,767,207.14 | 0.00 | 0% |
| Net assets | 14 | 169,235,654.39 | 169,235,654.39 | 241,934,373.69 | 72,698,719.30 | 43% |
Tianjin Zhengtai Certified Public Accountants Co., Ltd
This appraisal will be valid for one year, starting from December 31, 2006 to December 30, 2007. It needs to re-evaluate when it is over one year.
The above contents are quoted from《Appraisal Report on Tianjin Daqiuzhuang Metal Sheet Co., Ltd.》, for complete information about the appraisal project, please carefully read the whole Appraisal Report.
| | Legal representative of the appraisal firm:
Project principal: Registered assets appraiser:
Report check: Registered assets appraiser: |
| | Tianjin Zhengtai Certified Public Accountants Co., Ltd Report Filing date: March 30, 2007 |
Tianjin Zhengtai Certified Public Accountants Co., Ltd
Tianjin Daqiuzhuang Metal Sheet Co., Ltd.
Assets Appraisal Report
JZTPBZ(2007)No.500006
Tianjin Zhengtai Certified Public Accountants Co., Ltd was assigned by Tianjin Daqiuzhuang Metal Sheet Co., Ltd to evaluate all assets and liabilities related to the current assets value Daqiuzhuang, pursuant to Chinese national regulations on assets evaluation, on the basis of original materials and checkup ledger provided by the client, and in line with the principle of being objective, independent, honest, and scientific. The appraisers from our firm have conducted on spot inspection, market research and inquiry to fairly reflect the market value of the assets and liabilities on December 31, 2006 and reached the following conclusions:
| 2. | Brief Introduction about the Client and the Assets Owner |
Tianjin Daqiuzhuang Metal Sheet Co., Ltd., location: Daqiuzhuang Town, Jinghai County, Tianjin; Legal
person: Yu Zuo Sheng; Registered Capital: 79.2 million yuans; Business type: Sino-Foreign Joint Venture; Business scope: manufacturing, processing, and selling rolling steel, and sheering steel plate.
This appraisal is conducted for the purpose of understanding the current assets value related to the total assets and liabilities owned by Tianjin Daqiuzhuang Metal Sheet Co., Ltd., and providing related value basis.
| 4. | Appraisal Scope and Object |
The scope of this appraisal relates to the total assets and liabilities owned by Tianjin Daqiuzhuang Metal Sheet Co., Ltd., which is in line with the assigned object and scope by the client, a brief table about the appraisal scope and object is as follow:
Tianjin Zhengtai Certified Public Accountants Co., Ltd
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Unit: RMB/Yuan |
| Item | Book value | Adjusted book value |
| A | B |
| Current assets | 1 | 347,387,936.26 | 347,387,936.26 |
| Long-term investment | 2 | | |
| Fixed assets | 3 | 207,539,732.93 | 207,539,732.93 |
| Including: projects in process | 4 | | |
| Buildings | 5 | 63,785,388.65 | 63,785,388.65 |
| Equipments | 6 | 143,754,344.28 | 143,754,344.28 |
| Intangible assets | 7 | 14,075,192.34 | 14,075,192.34 |
| Including: land use right | 8 | 14,075,192.34 | 14,075,192.34 |
| Other assets | 9 | | |
| Total Assets | 10 | 569,002,861.53 | 569,002,861.53 |
| Current liabilities | 11 | 383,767,207.14 | 383,767,207.14 |
| Long-term liabilities | 12 | 16,000,000.00 | 16,000,000.00 |
| Total liabilities | 13 | 399,767,207.14 | 399,767,207.14 |
| Net assets | 14 | 169,235,654.39 | 169,235,654.39 |
| 5. | Appraisal Benchmark Date |
The benchmark date for this appraisal project is December 31, 2006. All pricing standards are valid price standards at the benchmark date. The benchmark date has been decided according to client’s application and the consideration of being close to the completion time of the evaluation, the integrity of accounting information, and so on.
In accordance with related laws and regulations on state-owned assets evaluation, this appraisal has been conducted pursuant to the working principle of being objective, independent, honest, scientific, and operating principle of on-going business, substitution and open market.
| 1. | The “Appraisal Business Agreement” signed between the client and the appraisal firm; |
| 1. | The order of the State Council of People’s Republic of China [1991] No. 91 ” Administration of State Assets Valuation Procedures”; |
Tianjin Zhengtai Certified Public Accountants Co., Ltd
| 2. | The order of former State-owned Assets Supervision and Administration Commission [1992] No. 36 ”About printing and distributing the circular of〈Detailed rules on the practice of Administration of State Asset Valuation Procedures 〉”; |
| 3. | The order of former State-owned Assets Supervision and Administration Commission [1996] No.23 “About Forwarding the circular of 〈Review on Assets Valuation Practice Standards (Interim Measures)〉”; |
| 4. | Decree No.91, 1999 of the Ministry of Finance of the People's Republic of China, “Circular on Interim Rules on the basic content and format of assets appraisal report”; |
| 5. | Decree No.14 of the Ministry of Finance of the People's Republic of China, “Circular on Regulations on some problems about the Administration of state-owned Assets Valuation”; |
| 6. | “Guidance on the Legal Rights of Valuation Target concerned by Certified Appraiser”, published by Registered Accountant Association of China, [1991] No. 18; |
| 7. | Other laws or regulations related to assets valuation; |
| 1. | Assets checkup ledger provided by the asset owner; |
| 2. | Financial statement, book of account, accounting certificate provided by the assets owner; |
| 3. | Other property right basis provided by the assets owner |
| 1. | Financial statement, book of account, accounting certificate provided by the assets owner; |
| 2. | Bank statement provided by the assets owner and so on; |
| 3. | Cash Counting Sheet completed together by the assets owner and the appraisal firm; |
| 4. | 《Quoted Price Manual for Machinery and Electronic Products 2007》edited by Machinery Industry Information Research Institute, Information Center of Machinery and Electronic Products Pricing; |
| 5. | Data about market price collected through market research and inquiry conducted by the appraisers; |
This appraisal is based on “Replacement Cost Method”, the evaluated value have been reached by separately calculating the evaluated value of each asset assigned, and making a sum of them thereafter, and finally deducting the evaluated liability value.
Tianjin Zhengtai Certified Public Accountants Co., Ltd
| (1) | Accept the assignment, and sign Appraisal Business Agreement according to the requirements of “Assets Valuation Practice Standards”; |
| 1. | Accept the assignment from Tianjin Daqiuzhuang Metal Sheet Co., Ltd.; |
| 2. | Sign “Appraisal Business Agreement”; |
| 3. | Determine the appraisal purpose, scope and object; |
| 4. | Negotiate with the client about the appraisal benchmark date; |
| 5. | Draw out the primary appraisal plan; |
| (2) | Preparation Stage at the Beginning of the Evaluation |
| 1. | Draw out assets appraisal implementation plan; |
| 2. | Select and dispatch experienced assets appraisal project principal and working staff; |
| 3. | Ask for various assets checkup ledgers from the client and the assets owner; |
| 4. | Appraisal firm develops detailed work plan about the assets evaluation |
| 1. | Guide the client and the assets owner in assets check, collecting and preparing materials. |
| 2. | The client and the assets owner make introduction and describe the history and current situation of the assets and liabilities to be evaluated; |
| 3. | Organize appraisal tasks on spot, according to the requirements of assets evaluation, divide the work based on work plan, conduct inspection and verification on the assets and liberalities within the appraisal scope, and make property right demarcation. |
| (4) | Assessment and Valuation Stage |
| 1. | Conduct on spot inspection and verification based on the data provided by assets checkup ledger, and ask the engineering and technical employees of the client and the assets owner to give introduction, understand the operation, management and function of the assets; |
| 2. | Conduct on spot inspection and test on assets assigned for evaluation; |
| 3. | Adopt proper appraisal method based on the real situation and characteristics of the appraisal assets; |
| 4. | Implement detailed appraisal procedure by appraisers; |
| 5. | Appraisers conduct necessary market research and inquiry, collect market information, adopt proper calculation formula based on the real situation of the appraisal assets, make valuation for specific object; |
Tianjin Zhengtai Certified Public Accountants Co., Ltd
| 6. | Analyze and determine the appraisal value of each asset and liability; |
Detailed appraisal procedure is summarized as follow:
| 1. | Appraisal on Current Assets |
| (1). | Appraisal on Monetary Capital: |
Monetary capital contains cash, and bank deposit. During the evaluation, we have conducted complete inventory check on the cash on hand (at the close of the appraisal adjust cash incomes and expenses) in order to agree the account record to the reality. About bank deposit, we have looked through “Bank notes”, “Enterprise bank deposit account” and “Bank balance adjustment sheet” and validated the appraisal value based on the book value after determining the conformity.
| (2) | Appraisal on Accounts Receivable: |
Accounts receivable are accounts receivable, other receivables and payment in advance.
During the evaluation, first of all we verified the book value at the appraisal time point, analyzed the debtor names, economical contents, arrearage duration and credit degree one by one, determined the possibility of bad debt and the ability of drawing back in cash, adopted confirmation or substitution procedure to analyze the accounts with large balances one by one, and determined the appraisal value based on verified balance.
The stock to be evaluated this time mainly contains raw materials and finished products. Firstly the appraisers conducted inventory check on site, made appraisal on the stock accordingly, and finally determined the appraisal value based on current market price and real quantity.
| 2. | Appraisal on Fixed Assets |
| (1). | Replacement cost method is adopted in the appraisal on houses, buildings and construction materials. |
| A. | Determination on Replacement Value |
Replacement value includes cost for the initial stage, comprehensive cost, other expenses, capital cost, etc. We applied mechanically the basic price for construction project budget in Tianjin, 2004 and the cost index for construction project at the close of the appraisal benchmark date.
| B. | Determination on Residue Ratio |
During the analysis and calculation on the entity-wide depreciation of buildings and residue ratio, we focused on analyzing designed life time and real construction quality, current situation and physical life time, and based on building type, use purpose, real life time, environment and conditions, maintenance and heavy repair conditions, current situation and function result and so on, determined the value targeting at each part of the building structure, base, wall body and fitment.
Tianjin Zhengtai Certified Public Accountants Co., Ltd
| C. | Determination on Appraisal Value |
To get the appraisal value through multiplying replacement value by residue value
| (2). | Appraisal on Facilities and Vehicles |
The assigned facilities to be evaluated contain mechanical equipments, electronic equipments and vehicles, all of which are used at the moment.
| A. | Determination on Replacement value |
Through reviewing《Quoted Price Manual for Machinery and Electronic Products 2007》and conducting market inquiry, we determined the facility price to identify the replacement full price.
| B. | Determination on Residue Ratio |
Through on spot inspection, reviewing functional situation of concerned equipments, major technical index, and checkup technical situation, times of heavy repair and maintenance situation of those equipments with concerned technical and operating staff, we got to understand the working environment and determine the comprehensive residue rate of the equipments assigned for evaluation.
| C. | Determination on Appraisal Value |
To get the appraisal value through multiplying replacement value by residue value.
| 3. | Appraisalon Intangible Assets |
The intangible asset to be evaluated this time is: Land use right.
We adopted the method of “Base Price of Land Coefficient Modification” as the land appraisal method, it is to use the base price set by the local government as a reference and modify the coefficient of other factors accordingly and get the value of the land assigned for evaluation.
| 4. | Appraisal Method on Liabilities |
Liabilities mainly contain short-term loans, notes payable, advance from customers, other payables, and long-term payables. Through the inspection, accounts are in line with each other, accounts and book keeping sheets are in line with each other. Appraisal value of the liabilities is determined by the real liable items and amounts owned by assets owner upon the realization of appraisal purpose. During the appraisal process, we checked book value against each liability checkup ledger, analyzed and determined one by one based on substitution procedure and identified the appraisal value based on the balance verified without error.
Tianjin Zhengtai Certified Public Accountants Co., Ltd
| (5) | Integrating Stage of the Evaluation |
| 1. | Integrate appraisal results of each asset and liability; |
| 2. | Analyze appraisal conclusions |
| 3. | Modify appraisal working paper |
| 4. | Compose assets appraisal description |
| 5. | Compile first draft of assets appraisal report |
| 6. | Review and prove appraisal results by each level of the authority internally |
| 1. | Ask for assets owner’s opinion on the modification to the first draft of the appraisal report; |
| 2. | Conduct necessary modification and acquire final approval on the appraisal report internally. |
According to the national laws and regulations on assets evaluation, our appraisal firm conducted appraisal on the whole assets and liabilities of Tianjin Daqiuzhuang Metal Sheet Co., Ltd. and reached related conclusions, based on generally accepted assets appraisal method, pursuant to the principle of being objective, independent, honest and scientific.
As evaluated, on the basis of on-going business, the evaluated assets value is 641701580.83 yuans; evaluated liabilities value is 399767207.14 yuans; evaluated net assets value is 241934373.69 yuans. Please see Consolidated Appraisal Results Sheet and Appraisal Ledger for more details about the appraisal conclusions.
Tianjin Zhengtai Certified Public Accountants Co., Ltd
Appraisal Results Consolidated Sheet
| Assets owneræTianjin Daqiuzhuang Metal Sheet Co.,Ltd. | | Unit:RMB/Yuan |
| Item | Book value | Adjusted book value | Appraisal value | Increase or decrease amount | Increase rate% |
| A | B | C | D=C-B | E=(C-B)/B×100% |
| Current assets | 1 | 347,387,936.26 | 347,387,936.26 | 374,896,109.55 | 27,508,173.29 | 8% |
| Long-term investment | 2 | | | | | |
| Fixed assets | 3 | 207,539,732.93 | 207,539,732.93 | 242,349,126.28 | 34,809,393.35 | 17% |
| Including: projects in process | 4 | | | | | |
| Buildings | 5 | 63,785,388.65 | 63,785,388.65 | 79,325,388.65 | 15,540,000.00 | 24% |
| Equipments | 6 | 143,754,344.28 | 143,754,344.28 | 163,023,737.63 | 19,269,393.35 | 13% |
| Intangible assets | 7 | 14,075,192.34 | 14,075,192.34 | 24,456,345.00 | 10,381,152.66 | 74% |
| Including: land use right | 8 | 14,075,192.34 | 14,075,192.34 | 24,456,345.00 | 10,381,152.66 | 74% |
| Other assets | 9 | | | | | |
| Total assets | 10 | 569,002,861.53 | 569,002,861.53 | 641,701,580.83 | 72,698,719.30 | 13% |
| Current liabilities | 11 | 383,767,207.14 | 383,767,207.14 | 383,767,207.14 | 0.00 | 0% |
| Long-term liabilities | 12 | 16,000,000.00 | 16,000,000.00 | 16,000,000.00 | 0.00 | 0% |
| Total liabilities | 13 | 399,767,207.14 | 399,767,207.14 | 399,767,207.14 | 0.00 | 0% |
| Net assets | 14 | 169,235,654.39 | 169,235,654.39 | 241,934,373.69 | 72,698,719.30 | 43% |
| 11. | Explanations to Special Issues |
1. The “Appraisal Value” mentioned in this report refers to the fair appraisal opinions put forward for the appraisal purpose in this report, by the precondition that the current purpose of appraisal assets keeps the same with on-going business and changeless conditions and economic environment at the appraisal benchmark date.
2. This appraisal was conducted pursuant to the principle of being objective, independent, honest and scientific. Our firm and our appraisers have no any special relation with the assets owner. During the appraisal process, our appraisers exerted full effort in scrupulously abiding by profession regulations. Several attached materials contained in this report are the main components of this report, which will bear the same force and effect as the report itself.
3. Income approach method is non-applicable, because the enterprise assigned for appraisal is in the process of increasing production capacity, expected future earnings and risks are hard to be measured in the form of currency.
4. The appraisal firm and its appraisers shall not be liable for any flaw events existing inside the enterprise which may affect the assets appraisal value. These events are not interpreted by the client specifically while making the assignment and can not be known by appraisers based on their common professional experiences.
5. The purpose for the registered appraisers to conduct assets appraisal business is to make valuation on the appraisal objects and give opinions. Identifying the legal ownership of the appraisal objects or giving opinions accordingly are beyond the professional scope of the appraisers, they are not capable of doing those and shall not provide any guarantee to the legal ownership of the appraisal objects.
Tianjin Zhengtai Certified Public Accountants Co., Ltd
| 12. | Significant Issues after the Appraisal Benchmark Date |
Upon the appraisal benchmark date and during the valid period of the appraisal report, if there is any change in the assets, it is necessary to make according adjustment by using the original appraisal method. When “Replacement Cost Method” is used as the appraisal method, it is ought to make adjustments according to the amounts really occurred; At the time when assets price standard has been changed, which causes significant influence on appraisal value, it is necessary for the client to re-evaluate. If assets price has been changed significantly before the close of the evaluation, it is not possible to change the appraisal benchmark date, but when it is easy and handy to adjust the appraisal price, so the client should make relevant adjustments when conducting the real pricing on assets.
| 13. | Legal Effect of the Appraisal Report |
1. This appraisal results are based on the precondition of this evaluation, appraisal purposes, principle of on-going business and current fair market price determined by open market principle, without consideration of prospective pledge in the future, warranty issue, ,and influence on appraisal value coming from the price change caused by specific transactions. And we have not taken the influence on assets price caused by natural force or other force majurer when national macroeconomic polices have been changed into consideration, either.
2. This appraisal results only state the fair value of the appraisal object under this appraisal process, no applicability and feasibility research have been done about the application of these appraisal results in other areas.
3. The assets checkup ledger, prove documents, accounting statements, relevant data and information are offered by the client and the assets owner, by which the client and the assets owner should be responsible for the validity and integrality, and bear relevant legal responsibilities.
4. This appraisal report will exercise the force effect pursuant to related legal regulations. Several attaching materials contained in this report are the main component of this report, which will bear the same force and effect as the report itself.
5. Valid period for the appraisal conclusions: According to the current regulation, the appraisal results will be valid for one year (starting from Dec.31, 2006 to Dec.30, 2007), it means the appraisal results will be thought valid if the appraisal purposes are realized within one year after the appraisal benchmark date. However, if any significant events happen to influence the appraisal results, the appraisal results can not be used as the trade floor or reference thereafter. It needs to re-evaluate the assets when it is over one year.
Tianjin Zhengtai Certified Public Accountants Co., Ltd
6. This assets appraisal report with its appendixes are offered to the client for his use as the appraisal purposes. Except the submission by the client to his superior directors, it is not allowed to pass the report to any other organizations or individuals, nor to publish the whole or part of the report contents on any media without the permission of Tianjin Zhengtai Certified Public Accountants Co., Ltd.
7. This report will take effect upon the review and approval by the relevant assets appraisal administrative department.
| 14. | Release date of the Appraisal report |
This assets appraisal report was released on March 30, 2007.
| | Tianjin Zhengtai Certified Public Accountants Co., Ltd
Legal representative: Project principal: Certified appraiser: Report check: Certified appraiser |
Tianjin Daqiuzhuang Metal Sheet Co., Ltd.
Details of Asset Appraisal Report
JZTPBZ [2007] No. 500006
Tianjin Zhengtai Certified Public Accountants Co., Ltd.
March 30, 2007
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-Table of Contents
Table of Contents
| Annotation 1 | | Statement on Application of Annotations to Asset Appraisal | | 1 |
| | | | | |
| Annotation 2 | | Annotation to Asset Appraisal | | 2 |
| | | | | |
| Annotation 3 | | Annotation to findings on asset clearance | | 5 |
| | | | | |
| Annotation 4 | | Annotation to appraisal base | | 11 |
| | | | | |
| Annotation 5 | | Technical annotations to appraisal on different assets and liabilities | | 13 |
| | | | | |
| 5.1 | | Technical annotation to current asset appraisal | | 14 |
| | | | | |
| 5.2 | | Technical annotation to machine and equipment appraisal | | 19 |
| | | | | |
| 5.3 | | Technical annotation to building and structure appraisal | | 30 |
| | | | | |
| 5.4 | | Technical annotation to land use right appraisal | | 39 |
| | | | | |
| 5.5 | | Annotation to Liability Appraisal | | 42 |
| | | | | |
| Annotation 6 | | Appraisal Conclusion and Analysis | | 45 |
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-Statement on Application of Annottio to Asset Appraisal
Annotation 1
Statement on Application of Annotation to Asset Appraisal
The Asset Appraisal Annotations are only used for the property appraisal authority and the Enterprise’s competent department to examine the Asset Appraisal Report and check he work of the appraisal organization and are not the regulations of the law and administrative regulations, of which the whole or any part shall not be provided to any other organizations or individuals or published in the media.
Tianjin Zhengtai Certified Public Accountants Co., Ltd.
March 30, 2007
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation·Annotation to Asset Checking and Verification
Annotation 2
Annotation to Asset Appraisal
| 1. | Profile of Consigner and Asset Owner |
Tianjin Daqiuzhuang Metal Sheet Co., Ltd.: domicile: Daqiuzhuang Town, Jinghai County, Tianjin; legal representative: Yu Zuosheng; registered capital: RMB 79.20 million Yuans; corporate type: Chinese-foreign joint venture; business scope: production, processing and sales of rolling steel and sheering steel plates.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. located at Daqiuzhuang Town, Jinghai County, Tianjin, with a land area of 110 Chinese mus and 1,500 employees, was founded in 1988. Its second expansion was carried in 1996, the third expansion in late 2002 and fourth expansion in September 2005, forming three production branches and having 10 hot rolling units of 1200mm and over 100 auxiliary equipments for heating, annealing, cutting, finishing, power, combining, etc. Its current annual production capacity of hot-rolled steel sheets reaches over 500,000 tons. The Company has successively for ten years won the title of Jinghai County Tope Three Tax Payers and has been listed in China Top 500 Township Enterprises. In June 2004, it became a Chinese-foreign joint venture with American General Steel Investment Co., Ltd. through the merge and acquisition of equities.
2. Explanation about Appraisal Purpose
The purpose of the current appraisal is to provide the value base for the present value of all the assets and liabilities of Tianjin Daqiuzhuang Metal Sheet Co., Ltd.
3. Explanation about Appraisal Scope
The scope of the current asset appraisal covers all the assets and liabilities of Tianjin Daqiuzhuang Metal Sheet Co., Ltd. The types of appraised assets mainly include: current assets, fixed assets, land use right and liabilities, Including in particular the following items:
| Asset Owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | Unit: RMB Yuan |
| | | |
| Current assets: | | |
| Monetary capital | | 86, 100, 077.66 |
| Notes receivable | | 4, 196, 149.80 |
| Accounts receivable | | 134, 421, 606.09 |
| Less: bad debit provision | | 1, 069, 670.88 |
| Net Accounts receivable | | 133, 351, 935.21 |
| Other receivables | | 2, 096, 602.50 |
| Less: bad debit provision | | 0.00 |
| Net other receivables | | 2, 096, 602.50 |
| Advance paid | | 24, 222, 810.52 |
| Inventories | | 97, 420, 360.57 |
| Less: devaluation provision | | 0.00 |
| Net inventories | | 97, 420, 360.57 |
| Deferred expenses | | |
| Total current assets | | 347, 387, 936.26 |
| Fixed assets: | | |
| Original value of fixed assets | | 257, 674, 882.56 |
| Less: accumulated depreciation | | 50, 135, 149.63 |
| Net value of fixed assets | | 207, 539, 732.93 |
| Less: devaluation provision | | 0.00 |
| Net fixed assets | | 207, 539, 732.93 |
| Total fixed assets | | 207, 539, 732.93 |
| Intangible assets and other assets | | 0.00 |
| Intangible assets | | 14, 075, 192.34 |
| Less: devaluation provision | | 0.00 |
| Net value of intangible assets | | 14, 075, 192.34 |
| Total intangible assets and other assets | | 14, 075, 192.34 |
| Total assets | | 569, 002, 861.53 |
| Current liabilities: | | |
| Short-term borrowing | | 236, 230, 000 |
| Notes payable | | 63, 600, 000.00 |
| Accounts payable | | 23, 414, 791.63 |
| Advance received | | 8, 530, 435.51 |
| Salary payable | | 5, 541, 124.46 |
| Welfare payable | | |
| Dividend payable | | |
| Tax payable | | 42, 056, 174.09 |
| Other payments | | |
| Other payables | | 1, 636, 182.35 |
| Pre-withdrawn expenses | | |
| Other current liabilities | | 2, 758, 499.10 |
| Total current liabilities | | 383, 767, 207.14 |
| Long-term liabilities: | | |
| Long-term payables | | 16, 000, 000.00 |
| Specific payables | | |
| Total long-term liabilities | | 16, 000, 000.00 |
| Total equities | | 169, 235, 654.39 |
| Total liabilities & equities | | 569, 002, 861.53 |
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation·Annotation to Asset Checking and Verification
4. Explanation about the Valuation Date
The Valuation Date for the current appraisal is December 31, 2006.
Since the asset appraisal is to provide professional views on the “market value” of the assets at a particular time point, the selection of accounting period-end as the Valuation Date can fully reflect the overall status of the assets under appraisal. Additionally, the Valuation Date is comparatively close to the actual appraisal date of the appraisers so that the appraisers can understand better about the status of the appraised assets on the Valuation Date and reflect truly the present vale of the assets under appraisal as on the Valuation Date. The Valuation Date selected is relatively close to the actual date for the plan of the appraisal purpose.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation·Annotation to Asset Checking and Verification
The Appraisal’s pricing standard is the effective price or prevailing standard on the Valuation Date.
5. Explanations on Major Events that May Influence the Appraisal
Nil.
6. Explanations on Asset and Liability Checking
With the valuation date defined for the Appraisal, we have mobilized and organized our Enterprise Management Department, Finance Department, Production, Supply Company and Sales Department for an overall checkup in their respective areas. In accordance with the features that the physical assets and raw materials centralized and others are scattered, we have adopted the checkup program of supervision by Finance Department, cooperation from all departments, involvement of the appraisal organization and on-the-spot checking, which has ensured that all the assets included in the appraisal scope are the superior assets.
7. List of Documents
1) Details for Checking and Appraisal Statement for all Assets and Liability
2) Corporate Business License of the Enterprise
3) Accounting Statement as on the Valuation Date
4) Property Ownership Certificate
Name of the Enterprise (Official Seal)
Legal Representative (Signature)
March 30, 2007
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation·Annotation to Asset Checking and Verification
Annotation 3
Annotation to Finding on Asset Clearance
1. Contents for Asset Checking and Verification
Our appraisers have carried out spot-check over the ownership, formation and book value of all the assets and liabilities within the appraisal scope. The particular types of these assets and liabilities include: current assets, fixed assets, land use right and liabilities. As on the Valuation Date of December31, 2006, the book values of the assets and liabilities covered in the checkup scope are given as follows:
| Asset Owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | Unit: RMB Yuan |
| | | |
| Current assets: | | |
| Monetary capital | | 86, 100, 077.66 |
| Notes receivable | | 4, 196, 149.80 |
| Accounts receivable | | 134, 421, 606.09 |
| Less: bad debit provision | | 1, 069, 670.88 |
| Net Accounts receivable | | 133, 351, 935.21 |
| Other receivables | | 2, 096, 602.50 |
| Less: bad debit provision | | 0.00 |
| Net other receivables | | 2, 096, 602.50 |
| Advance paid | | 24, 222, 810.52 |
| Inventories | | 97, 420, 360.57 |
| Less: devaluation provision | | 0.00 |
| Net inventories | | 97, 420, 360.57 |
| Deferred expenses | | |
| Total current assets | | 347, 387, 936.26 |
| Fixed assets: | | |
| Original value of fixed assets | | 257, 674, 882.56 |
| Less: accumulated depreciation | | 50, 135, 149.63 |
| Net value of fixed assets | | 207, 539, 732.93 |
| Less: devaluation provision | | 0.00 |
| Net fixed assets | | 207, 539, 732.93 |
| Total fixed assets | | 207, 539, 732.93 |
| Intangible assets and other assets | | 0.00 |
| Intangible assets | | 14, 075, 192.34 |
| Less: devaluation provision | | 0.00 |
| Net value of intangible assets | | 14, 075, 192.34 |
| Total intangible assets and other assets | | 14, 075, 192.34 |
| Total assets | | 569, 002, 861.53 |
| Current liabilities: | | |
| Short-term borrowing | | 236, 230, 000 |
| Notes payable | | 63, 600, 000.00 |
| Accounts payable | | 23, 414, 791.63 |
| Advance received | | 8, 530, 435.51 |
| Salary payable | | 5, 541, 124.46 |
| Welfare payable | | |
| Dividend payable | | |
| Tax payable | | 42, 056, 174.09 |
| Other payments | | |
| Other payables | | 1, 636, 182.35 |
| Pre-withdrawn expenses | | |
| Other current liabilities | | 2, 758, 499.10 |
| Total current liabilities | | 383, 767, 207.14 |
| Long-term liabilities: | | |
| Long-term payables | | 16, 000, 000.00 |
| Specific payables | | |
| Total long-term liabilities | | 16, 000, 000.00 |
| Total equities | | 169, 235, 654.39 |
| Total liabilities & equities | | 569, 002, 861.53 |
The above assets and liabilities have been audited by MOORE STEPHENS WURTH FRAZER AND TORBET, LLP.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation·Annotation to Asset Checking and Verification
2. Distribution and Features of Physical Assets
The physical assets of Tianjin Daqiuzhuang Metal Sheet Co., Ltd. within the appraisal scope include machines and equipments, buildings and inventories installed and stored at: 6 Gangtuan West Road, Daqiuzhuang Town, Jinghai County, 35 Baiyi Road, Daqiuzhuang Town, Jinghai County, north side of Yingfeng Road, Daqiuzhuang Town, Jinghai County and southeast of Yanzhuangzi Village, Dafengdui Town, Jinghai County.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd., focusing on the hot-rolled steel sheets, possesses such major equipments as ten sets of 1200m rollers, four sets of leveling machines, three sets of straighteners, twelve sets of slab cutters and one rotary shear and over 100 processing equipments including twenty-one sets of finished-product cutters, twenty-eight units of workshop travelers, five gantry cranes, etc.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. was founded in 1988, with the major products being in the hot-rolled product series including hot-rolled straight carbon steel sheets, silicon sheet steel, cutting tool plates, container sheets. Its annual production capacity is 500,000 tons.
3. Particulars that Influence Asset Checkup and Verification
Nil.
4. Process and Methodology for Asset Checkup and Verification
1) Major process for asset checking
According to the relevant regulations of the government on the asset appraisal, from March 23 to 30, 2007, we have checked and verified the assets and liabilities of Tianjin Daqiuzhuang Metal Sheet Co., Ltd. within the appraisal scope as per following checking procedures:
(1) The appraisers guide the Enterprise in carrying out self-check over the assets and preparing the relevant appraisal documents
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation·Annotation to Asset Checking and Verification
a. First, our the appraisers teach the Enterprise’s financial and asset management staffs how to fill up the detailed statement of asset appraisal and prepare the documents for asset appraisal;
b. Then the Enterprise’s financial and assets management staffs carry out the overall checking and verification over the assets and liabilities within the appraisal scope according to the contents of the detailed statement of asset appraisal and fill up the same accurately as well as prepare the relevant ownership certificates, particulars of historical cost and expenditures, quality status of assets and other financial and economic indicators according to the requirement of the appraisal documentation list.
(2) The appraisers carry out the on-the-spot checking on the appraisal statement
a. Hear the Enterprise’s relevant personnel about the history and current status of assets to be appraised;
b. Carry out the account-to-account and account-to-statement checking over the balance sheets provided and the particulars of asset appraisal declaration filled up by the Enterprise and analyze the book value;
(3) The appraisers carry out the on-the-spot checking over and verify the assets and verify the relevant appraisal materials
According to the particulars of the asset appraisal declaration, carry out the on-the-spot checking and verification over all the assets and liabilities, check the ownership certificates of the appraised assets and assess the trueness of the appraised assets.
2) Particular methods for checking and verification
(1) Checking of current assets and other assets and liabilities
Mainly check the Enterprise’s current assets in kind (meaning mainly the inventories), non-physical current assets and other assets and liabilities.
a. Check with the appraisal declaration
b Contents and process for checking the current assets in kind
As per appraisal requirement, from March 23 to 26, 2007, the Enterprise took stocks. Through the spot-check over the original vouchers, the appraisers checked the book value of the inventories and, jointly with the Enterprise’s warehouse management staff, carried out the spot-checking based on the checklist of the appraisal declaration and the store log books and sales records provided by the storekeeper staffs and Sales Department according to the ratio specified in the Standards. The amount of the checked inventories is over 60% of the total inventories and the quantity of checked inventories is over 40% of the total inventories. Then, according to the dispatch and receipt status from the Valuation Date to the date of stock taking, calculate and verify the inventory statement of the Enterprise as of the Valuation Date inventory.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation·Annotation to Asset Checking and Verification
c. Verification of current assets not in kind and other assets and liabilities
As for the current assets not in kind declared by the Enterprise as on the Valuation Date, mainly check with the Enterprise’s general ledger, subsidiary ledgers of all the accounts and accounting vouchers. Obtain the written confirmation about the large-sum credit assets. As for the assets without written confirmation and other assets not requested for written confirmation, implement the alternative procedure to check the cash in the monetary capital, check the bank deposit accounts, check with the bank statements and bank deposit adjustment sheets for the all the bank accounts, spot-check the entry vouchers and original vouchers of the liabilities, check with the loan agreements the Enterprise signed with the bank or other organizations and verify the trueness of the liabilities.
(2) Checking of buildings
a. Check with the appraisal declaration
According to the building appraisal declaration provided by the Enterprise, check such major technical and economic indices of the buildings as the book value, floorage, building structure, height and time of utilization, mark and revise the items and amounts in the declaration which are not consistent with the book or documents, duplicated, omitted and not recorded so that the accounts match with the statement and with vouchers.
b. Analysis on book value
Analyze the composition of the Enterprise’s original book value, enquire about the Enterprise’s depreciation ratio for different assets and analyze the depreciation accounting.
c. Check the ownership certificates of the appraised assets
Where the Enterprise has provided the property certificates, check the original copies and the photocopies, compare the same in kind. Where the property certificates are not available, check the relevant approval documents, work commencement permits, work budget and settlement statement, final account auditing report and work completion certificates and compare the same in kind.
d. Check the consistence between the book and kind
In the site survey, according to the book and subsidiary ledgers, check the existence of the kind, the profit or loss, the consistence of the work quantity in kind with the subsidiary ledgers, the consistence of the actual start-off time with that stated in the declaration, and according to the actual conditions, adjust the appraisal details and indicate in the column of remarks the abnormal operation status of the assets.
Check the work quantity of the buildings mainly consulting the property certificates, as-built drawings and construction drawings for mutual confirmations. Check the work quantities of underground works such as structures and ditches by collecting the workshop layout, pipeline and cable layout, and verify the work qualities stated by the Enterprise.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation·Annotation to Asset Checking and Verification
In case of any problem observed in the field survey, follow the following methods for disposal: where the book and the kind are consistent with each other, the kind will prevail. Where the work items, area, structural mode, floors and floor clearance do not comply with the declaration, jointly with the Enterprise’s personnel, verify and keep notes of the same. The actual findings will prevail.
Through the field survey on the Enterprise’s buildings, structures, pipelines, ditches and other assets, it is observed that the buildings and structures and their auxiliary facilities in use can basically meet the requirement of production. No disturbance has been observed during the checking and verification. Upon adjusting the assets in profit and loss and adjusting the work quantities and commencement time as per actual conditions, the materials submitted and stated by the Enterprise have basically satisfied the appraisal requirement of “the book and statement match with each other and the book and the kind match with other”.
(3) Checking of machines and equipments
a. Check the appraisal declaration
Examine the appraisal declaration details filled up by the Enterprise for machine and equipment and verify the equipment log books and accounts of fixed assets and financial accounts for the consistence between account and statement and between the accounts.
b. Analysis on book values
Analyze the composition of the Enterprise’s original book value, enquire about the Enterprise’s depreciation ratio for different assets and analyze the depreciation accounting.
c. Check the ownership certificates of the appraised assets
As for the equipment assets purchased and built for business, mainly spot-check the equipment purchase contract and invoice, vehicle travel permit, original entry voucher, etc for the status of ownership; as for the equipment assets built by the Company in an early stage, mainly search collect the relevant project approval document, final account (budget) and auditor’s report on the final account to verify the ownership.
d. Check the consistence between and use of the book and kind
Checking the consistence between the book and kind means that n the site survey, according to the book and subsidiary ledgers, it is to check the existence of the kind, the profit or loss, the consistence of the work quantity in kind with the subsidiary ledgers, the consistence of the actual start-off time with that stated in the declaration, and according to the actual conditions. Then, adjust the appraisal details and indicate in the column of remarks the abnormal operation status of the assets.
According to the detailed declared about the machine and equipment, jointly with the Company’s equipment management personnel, the appraisers check and verify the equipments item by item at the places of all workshops or management departments where the equipments are used. In the on-the-spot survey, examine and identify the outlook and inherent quality of the machines and equipments. Carry out the on-the-spot survey on and take notes of the equipments’ management system, operation environment and status, maintenance and service and overhaul. Check on the spot if there is any special circumstance of damage, discard, idling and elimination. Hear the introduction of the equipment operation personnel, management personnel and engineering technical personnel about the historical status, management and operation status of the machines and equipments. Consult the final account for the completed works and relevant documents. Consult the equipment order contracts signed recently.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation·Annotation to Asset Checking and Verification
As per on-the-spot checking and verification, the machines and equipments in use can basically meet the requirement of production and no disturbance has been observed during the checking and verification. Upon adjusting the profit and loss of the assets and the specifications and models and start-off time as per fact, the Enterprise’s declaration meets the appraisal requirement of “the book and statement match with each other and the book and the kind match with other”.
5. Asset Checkup Conclusion
Through the above procedures of asset checking and verification, no difference has been observed between the assets within appraisal scope and the book entries.
In general, through checking and verification, it is concluded that the Enterprise’s accounting basically complies with the relevant policies and regulations of the government.
No disturbance is observed during the checking and verification. the materials submitted and stated by the Enterprise have basically satisfied the appraisal requirement of “the book and statement match with each other and the book and the kind match with other”.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
Annotation 4
Annotation to Appraisal Base
The laws and regulations of the central and local governments and relevant departments we have followed in the current asset appraisal and the documents and materials referenced for the appraisal include mainly:
1. The agreement for appraisal signed between the Consigner and the asset appraisal organization;
II. Legal bases
1. Administrative Measures for Appraisal of State-owned Assets promulgated by the State Council of the People’s Republic of China (vide ([1991] No. 91;
2. Circular on Distributing the Implementation Rules for Administrative Measures for Appraisal of State-owned Assets issued by the former Administration of State-owned Assets vide GZBF (1992) No. 36;
3. Circular on Transmitting the Provisional Guidelines on Operating Standards for Asset Appraisal issued by the former Administration of State-owned Assets vide GZBF (1996) No. 23;
4. Circular on Distributing the Provisional Regulations for Basic Contents and Format of Asset Appraisal Report, issued by Ministry of Finance of the People’s Republic of China vide CPZ (1999) No. 91;
5. Guidelines on Management of State-owned Asset Appraisal, issued vide Decree No. 14 of Ministry of Finance of the People’s Republic of China;
6. Guidelines for Certified Public Asset Appraisers to Focus on the Legal Ownership of Appraisal Objects, promulgated by Chinese Institute of Certified Public Accountants, vide HX (2003) No. 18;
7. Other relevant laws and regulations governing the asset appraisal;
III. Ownership Bases
1. The details of asset checking and appraisal provided by the asset owner;
2. The financial reports, accounting books and accounting vouchers provided by the asset owner;
3. Other ownership bases provided by the asset owner.
IV. Pricing Bases
1. The financial reports, accounting books and accounting vouchers provided by the asset owner;
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
2. Bank statements provided by the asset owner;
3. The cash checklist completed jointly by the asset owner and the appraisal organization;
4. 2007 M & E Product Quotation Manual prepared by M & E Product Price Information Center of Machinery Information Research Institute;
5. The market survey made and data of market prices collected by the appraisers;
6. Other bases for pricing.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
Annotation 5
Technical Annotations to Appraisal on Different Assets and Liabilities
5.1 Technical annotation to current asset appraisal
5.2 Technical annotation to machine and equipment appraisal
5.3 Technical annotation to building and structure appraisal
5.4 Technical annotation to land use right appraisal
5.5 Annotation to liabilities appraisal
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
5.1 Technical annotation to current asset appraisal
1. Appraisal Scope
The appraisal scope covers particularly such headings as monetary capital, notes receivable, accounts receivable, advance paid, other receivables, inventories, etc.
The particular appraisal is mainly based on the appraisal data of different current assets provided by Tianjin Daqiuzhuang Metal Sheet Co., Ltd. as well as verifies the accounting items audited and adjusted.
2. Appraisal Base
1) General Rules for Enterprise Financial Affairs, Accounting Standards and Enterprise Accounting Rules;
2) Current Asset Appraisal Statement provided by the Enterprise;
3) General ledger, subsidiary ledgers, accounting statements and relevant accounting vouchers provided by the Enterprise;
4) Account of monetary capital, bank statements and accommodation sheets provided by the Enterprise;
5) Purchase and sales contracts and other original documents provided by the Enterprise;
6) Data of the prevailing market prices of finished products and materials;
7) Other materials related to the appraisal.
3. Appraisal Process
1) Enquire and verify
For a smooth appraisal, the appraisers respectively visit the financial and business management departments of the Enterprise, enquire deeply about the financial management system, accounting procedure, internal control system and storage and collection system and enquire about and verify the problems observed in the declaration.
2) Check the accounts
The appraisers check the details of asset appraisal declaration provided by the Enterprise item by item with the balance amounts under relevant headings of the balance sheets and verify the accuracy of the appraisal declaration. Spot-check the original vouchers of all the accounts of the current assets and verify the trueness of the economic transactions. As for the bank deposit, check the deposit balance of all the accounts with the bank statements and balance accommodation sheets and obtain the written confirmation for the large-sum bank deposits. Obtain the written confirmation on the major and large-sum current accounts.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
3) Spot-check and check the accounts and kind
Jointly with the relevant personnel of the Enterprise, the appraisers carry out the field checking at the place where the cash and inventories are kept. According to the receipt and dispatch status from the Valuation Date the date of stock taking, calculate and verify the details of the declaration provided by the Enterprise as of the Valuation Date. Check in details the key inventories and spot-check the general inventories. The amount of the checked inventories is over 60% of the total inventories and the quantity of checked inventories is over 40% of the total inventories. In taking the stock, verify and take notes of the idling, defect and secondary status of the Enterprise’s inventories. Analyze and adjust the difference between the quantity of the stock taking and the figures in the book. The adjusted quantity is deemed as the checked quantity.
4) Enquiry
With the cooperation of the Enterprise’s relevant personnel, the appraisers has enquired about the market prices for part of its inventories on the Valuation Date and define the input cost and sale prices of the inventories with consideration of rational expenses.
5) Appraisal calculation and summary
According to the checked and verified data, we have appraised the current assets as per relevant requirement. With the primary appraisal findings defined, the appraisers of the general group coordinate with the appraisals of the equipment and building group about the relevant criss-cross issues and finally obtain the appraisal conclusion by verifying and totalizing and rechecking the premises that the appraised assets are not duplicated and omitted.
4. Booking of Appraised Current Assets
Unit: RMB Yuan
| | | Book Value | | Adjusted Book Value |
| Monetary capital | | 86, 100, 077.66 | | 86, 100, 077.66 |
| Notes receivable | | 4, 196, 149.80 | | 4, 196, 149.80 |
| Accounts receivable | | 134, 421, 606.09 | | 134, 421, 606.09 |
| Less: bad debit provision | | 1, 069, 670.88 | | 1, 069, 670.88 |
| Net Accounts receivable | | 133, 351, 935.21 | | 133, 351, 935.21 |
| Other receivables | | 2, 096, 602.50 | | 2, 096, 602.50 |
| Less: bad debit provision | | 0.00 | | 0.00 |
| Net other receivables | | 2, 096, 602.50 | | 2, 096, 602.50 |
| Advance paid | | 24, 222, 810.52 | | 24, 222, 810.52 |
| Inventories | | 97, 420, 360.57 | | 97, 420, 360.57 |
| Less: devaluation provision | | 0.00 | | 0.00 |
| Net inventories | | 97, 420, 360.57 | | 97, 420, 360.57 |
| Deferred expenses | | | | |
| Total current assets | | 347, 387, 936.26 | | 347, 387, 936.26 |
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
5. Appraisal Methodology
According to the particulars of the asset owner current assets, the appraisal mainly adopts the cost approach, market approach and other approaches for appraisal.
1) Monetary capital
(1) Cash on hand: we implement a total check over the total cash on hand on the day of reckoning and calculate the cash receipt and payment from the day of reckoning to the Valuation Date so as to calculate the figure as on the Valuation Date: cash amount on the Valuation Date=checked amount on the day of reckoning+cash amount paid from the valuation date to the day of reckoning-cash amount received from the valuation date to the day of reckoning. The actual amount of cash on the valuation date is defined as the appraisal value.
(2) Bank deposit: we first check the appraisal declaration, bank statement and balance accommodation sheet of bank deposit provided by the Enterprise and inspect on the pending amount in the balance of bank deposit, find the reason for the pending amount, and by checking, define the verified the book value as the appraisal value.
2) Notes receivable
The notes receivable under the current appraisal means the bank acceptance without interest. Upon appraisal, we first check the notes receivable in possession and then the issue date and mature date so as to define the verified amount as the appraisal value.
3) Accounts receivable and other receivables
Accounts receivable are the payment for products sold to be received by the Enterprise; other receivables are the personal borrowing, petty cash and security money other than for the normal sale. Upon appraisal, by spot-checking the original vouchers and requesting for written confirmation, enquire about the contents and occurrence time of the items receivable, verify the value of the book balance and carry out the aging analysis and assessment of possibility for recovery. According to the classification and aging analysis of the receivables and enquiry about the enterprise’s repayment status, financial status and accreditation, define the bad debit amount the appraisal value of the receivables as per actual conditions.
4) Advance paid
Advance paid means the payment made by the Enterprise in advance. As for the advance paid, the appraisal value is defined as per value of the assets or rights in the form of relevant goods recoverable. Upon appraisal, spot-check consistence of the account amount of the advance paid with the accounting vouchers and availability of payment vouchers (i.e., payment contract, agreement, or other relevant certificates). If the relevant goods can be recovered, based on the examination and verification, define the book value appraisal value.
5) Bad debit provision
To appraise the receivables, we analyzed and assessed the rising time, reason and recoverability of the accounts receivable and other receivables. Since the possible bad debits have been taken into account, the provision is made for the account portion and the appraisal value is zero rated.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
6) Inventories
On the basis of checking the accounting books, the appraisers spot-check the inventories and verify the log books of inventories, enquire about the receipt, dispatch and balance of inventories and investigate into the storage, sales and market share of the inventories and obtain the current prices of the inventories.
(1) Raw materials: as for the raw and auxiliary materials for normal use, take the costing approach in appraisal: the checked quantity is multiplied with the current market buying price plus rational freight, waste, inspection and arrangement fees to integrally define the appraisal value of the inventories.
(2) Goods in process: goods in process means the products in processing kept at the workshop as per normal production of the Enterprise. According to the cost accounting procedure of the Enterprise, the appraisers verify the rationality and accuracy of the accounting, convert the goods in process into the finished products as per the approximate output of the portion and define the appraisal value as per balance amount with the sales price minus with the sales expenses and rational tax;
(3) Finished products: take the market approach for appraisal. According to the cost accounting procedure of the Enterprise, the appraisers verify the rationality and accuracy of the accounting, check the book value, and define the appraisal value as per balance amount with the sales price minus with the sales expenses and rational tax.
Summary of Inventory Appraisal Findings
Unit: RMB Yuan
Sr. No. | | Headings | | Book value | | Adjusted book value | | Appraisal value | | Increment amount | | Increment Ratio% | |
| 1 | | | Raw materials | | | 22, 052, 475.23 | | | 22, 052, 475.23 | | | 22, 052, 475.23 | | | | | | 0.00 | |
| 2 | | | Low-value wearable in stock | | | 8, 282, 161.75 | | | 8, 282, 161.75 | | | 8, 282, 161.75 | | | | | | 0.00 | |
| 3 | | | Finished products (commodities in stock) | | | 8, 905, 680.00 | | | 8, 905, 680.00 | | | 12, 415, 411.00 | | | 3509731.00 | | | 39 | % |
| 4 | | | Goods in process (semi-finished products) | | | 58, 180, 043.59 | | | 58, 180, 043.59 | | | 81, 108, 815.00 | | | 22928771.41 | | | 39 | % |
| 5 | | | Low-value wearable in use | | | | | | | | | | | | | | | | |
| inventory total | | | | | | 97, 420, 360.57 | | | 97, 420, 360.57 | | | 123, 858, 862.98 | | | 26, 438, 502.41 | | | 27 | % |
6. Appraisal Findings
As of the Valuation Date of December31, 2006, the book value of current assets within the current appraisal scope is RMB 347387936.26 Yuans. Upon checking and adjustment, the book value is RMB 347387936.26 Yuans and the appraisal value is RMB 374896109.55 Yuans, with an appraisal increment amount of RMB 27508173.29 Yuans and an increment ratio of 8%.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
Main reasons for the increment/reduction value:
1) The appraisal value for bad debit provision is zero;
2) As for the goods in process and finished products in the inventories, upon appraisal, define the appraisal value as per market value.
For detailed findings, see Summary of Current Asset Checking and Appraisal and the checking and appraisal details of different current assets.
7. Explanation for special events
The confirmation of the current appraisal on the bad debits cannot be deemed as the base for the Enterprise to write off the bad debits. To write the bad debits, the Enterprise should still have to follow the normal approval procedures. Verification of the bad debits is only the appraisal made by the appraisers on the Enterprise’s bad debit standard to provide the value basis for understanding the present value.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
5.2 Technical annotation machine and equipment appraisal
1. Appraisal Scope and Objects
The appraisal scope for machine and equipment means all the machines and equipments and vehicles declared by the Enterprise as shown in the book as of the Valuation Date and related to the appraisal purpose.
The production equipments in use under the appraisal are all kept at Tianjin Daqiuzhuang Metal Sheet Co., Ltd.
Appraisal objects: 242 units/sets of machine and equipment, with an original book value of RMB 176874863.30 Yuans and a book value of RMB 137850336.69 Yuans; 71 units/sets of electronic equipments, with an original book value of RMB 3535556.21 Yuans, and an book value of RMB 2455010.30 Yuans; 17 transport vehicles, with an original book value of RMB 4418405.20 Yuans and a book value of RMB 3448997.29 Yuans.
2. Overview of equipments
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. is the biggest company of hot-roll sheet steel. The Company’s production flow sheet is as follows:
Raw materials (purchase)→cutting→coating→heating→rolling→folding→cutting→lifting→leveling→stacking→annealing→straightening→selecting→packing→storing→dispatch.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. focuses the hot-roll production, with ten rolling equipments and over 170 auxiliary equipments.
3. Appraisal basis
1) Details of machine and equipment appraisal declaration provided by the Enterprise;
2) Purchase contracts, invoices and non-standard equipment fabrication contracts close the valuation date provided by the Enterprise;
3) 2007 M & E Product Quotation Manual prepared by Machinery Information Research Institute;
4) China Office Equipment and Household Appliance Quotation (1st edition, 2007), prepared by National Office Equipment and Household Application Price Information Network;
5) The operation manuals, equipment log books, overhaul records and equipment design drawings and other relevant files and documents of all the departments provided by the Enterprise;
6) Other materials provided by the Enterprise.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
4. Appraisal process
1) Examine the details of machine and equipment appraisal declaration completed by he Enterprise, verify the equipment log books, accounts of fixed assets and other financial records and make sure the consistence between account and statement and between accounts;
2) Book value analysis
By consulting the log books of fixed assets, relevant accounting books of basic construction and accommodation records, analyze the composition of the Enterprise’s original book value and enquire about depreciation ratio for different assets of the Enterprise and analyze the depreciation accounting.
3) Check and verify the ownership certificates of the appraised assets
As for the equipment assets purchased and built for business, mainly spot-check equipments’ purchase contracts and invoices, vehicles’ travel permits, original entry vouchers for ownership verification. As for the equipment assets built by the Company in an early stage, mainly search collect the relevant project approval document, final account (budget) and auditor’s report on the final account to verify the ownership.
4) According to the detailed declared about the machine and equipment, jointly with the Company’s equipment management personnel, the appraisers check and verify the equipments item by item at the places of all workshops or management departments where the equipments are used to make sure the consistence between the account and kind.
5) In the on-the-spot survey, examine and identify the outlook and inherent quality of the machines and equipments. Carry out the on-the-spot survey on and take notes of the equipments’ management system, operation environment and status, maintenance and service and overhaul. Check on the spot if there is any special circumstance of damage, discard, idling and elimination. Hear the introduction of the equipment operation personnel, management personnel and engineering technical personnel about the historical status, management and operation status of the machines and equipments.
6) Consult the final account for the completed works and relevant documents. Consult the equipment order contracts signed recently.
7) Undertake the extensive market survey and information acquisition and finalize and define the current prices of the equipments;
8) Regulate the appraisal materials, calculate the appraisal value, summarize the appraisal findings and prepare the annotations to the equipment appraisal and appraisal cases.
5. Appraisal Methodology
As per appraisal purpose, the costing approaching is adopted for the machine and equipment appraisal.
Formula: appraisal value=replacement value× residue ratio
1) Definition of the replacement value for the equipments
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
The equipment’s replacement value consist of the equipment’s purchase cost, freight, installation and commissioning expenses and other expenses and financial cost.
(1) Purchase cost
As for the purchase cost declared by the Consigner for the machine and equipment, consult the quotations of relevant factories or enquire online, consult the M & E Product Quotation Manual and define as per available data.
As for the mechanical equipment:
o As for the equipments with available market prices on the Valuation Date, define the equipment’s purchase price by deducting the market price with the floating factors of the quotation.
o As for the equipments without prevailing purchase prices, by adopting the market prices for similar equipments as the replacement value, define the equipment’s replacement cost.
o Where the quotation is not available and cannot be found, use the similarity approach, adjust with the similar equipment’s prices and the changing trend of prices and define the equipment’s purchase price.
(2) Freight
Freight includes the handling, transport, procurement, storage expenses for the shipping the equipment for the factory or the dispatching origin to the installation site, with the following particular formula:
Equipment freight= equipment purchase price× freight ratio
(3) Installation and commission expenses
According to National Asset Appraisal Parameters Selection and Manual for Construction Project Investment Estimation (2000) and other manuals and in combination with the actual conditions of the equipment, make the calculation as per different rates, with the particular calculation formula given as follows:
Installation and commissioning expenses= equipment purchase price× installation and commissioning expense ratio
(4) Financial cost
Financial cost= equipment replacement price × rational work period (year) × annual loan interest rate × 50%
Rational work period: as per the social average standard of manufacturing and installation for similar equipments.
Annual loan interest rate: as per relevant loan interest rate published by the People’s Bank of China on the Valuation Date.
To calculate the full replacement price, financial cost is calculated for the large equipments to be installed with the rational work period of more three months; no financial cost will be calculated for the equipments without the need of installation and with a purchase period of less than one year.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
(6) Equipment replacement value = (1)+(2)+(3)+(4)
2) Assessment of equipment’s residue ratio
The residue ratio of machine and equipment is based on the actual technical status of the equipment surveyed by the appraisers on the spot and in combination of the consumed service years and economic lifespan for a general assessment. For the general assessment, stress on the following factors:
o Technical status of the equipment in operation;
o Operating system, utilization rate and intact rate of the equipment;
o Routine maintenance and overhaul status of the equipment;
o Operating environment and condition of the equipment.
For the major production equipments, based on their economic lifespan and actual service period, equipment and with an integral consideration on the application, maintenance status and operating environment and other factors of the equipment, the residue rate is define.
(1) As for the equipments that can continually used, on the premise that it is properly maintained and services and has not encountered any major accident, the life method is used to define the residue ratio. The equipment’s economic lifespan will be defined with reference to the Common Data and Parameters for Asset Appraisal.
Residue ratio= (economic lifespan - serviced period) / economic lifespan×100%
(2) As for the major equipments, adopt the life method in combination with spot survey and technical assessment and scoring to generally define the residue ratio, where the life method weighs 40% and the technical assessment and scoring weighs 60%.
General residue ratio= residue ratio as per life method×40%+ residue ratio as per technical assessment ×60%
(3) According to the provisions in the Circular on Acceleration of Structural Adjustment for Volume Control and Elimination of Backward Iron and Steel Industry promulgated on June 4, 2006 jointly State Development and Reform Commission, Ministry of Commerce, Ministry of Land Resources, General Administration of Environment Protection, General Administration of Customs, General Administration of Quality Inspection and China Banking Regulatory Commission vide FGGY (2006) No. 1084: in accordance with the Law on Atmosphere Pollution Prevention and Control, Law on Water Pollution Prevention and Control (revised in 1990), Law on Prevention and Control of Solid Waste Polluting the Environment (revised in 2004), Law on Promotion of Clean Production, Law on Safe Production, Development Policy for Iron and Steel Industry, Guidelines for Adjustment of Industrial Structures (2005) and other prevailing relevant laws and regulations, it is to shut down some backward production capacity wasting the resources, polluting the environment and having no production conditions. Before 2007, it is stress on eliminating the backward capacity of blast furnaces with 200m3 and below, rotary furnaces and electric furnaces of 20 tons and below. By 2010, it is to eliminate such other backward device capacities of blast furnaces with 300m3 and below. As for the equipments included the list for elimination and the special equipments already in the category for elimination, assess their dismantle and application and apply the same respectively with residue value or certain residue ratio.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
(4) As for the equipments to eliminated within the specified period, according to their remaining service period and in combination with the field survey and technical assessment and scoring, define generally the residue ratio, where the life method weighs 40%and technical assessment and scoring weighs 60%.
Residue ratio for the remaining service period= remaining service period /(remaining service period+serviced period) ×100%
General residue ratio= residue ratio for the remaining service period×40%+ residue ratio as per technical assessment×60%.
3) Definition replacement value for vehicles
According to the current sales prices of the automobile trading market in the region of the appraised assets and in integration with the central government’s vehicle purchase tax and relevant local surcharges, define the replacement value.
Vehicle’s replacement value= market price×( 1+1.17/10%) +500
4) Evaluation of vehicle’s residue ratio
Define the residue value of vehicles according to the vehicles’ serviced period, mileage and on-the-spot assessment.
Whereas the residue ratio calculated as per service period and mileage is the theoretical residue ratio, the total lifespan of vehicles is mainly based on the new “Automobile Discard Standards promulgated on July 5 1997 jointly by the six ministries and commissions vide GJMZY [2000] No. 1202. The calculation formula is as follows:
Period residue ratio = 1-serviced period/lifespan (%)
Mileage residue ratio = 1-mileage traveled/designed mileage (%)
To define the theoretical residue ratio, take the lowest value of the above two.
As for the definition of the assessment residue ratio, by assessing the vehicle’s unit, engine, clutch, chassis, gear box, drive shaft, frame, braking system and body on the spot, the appraisers enquire about and survey its performance, outlook, overhaul and maintenance and service status and score before defining the vehicle’s assessment residue ratio.
General residue ratio=theoretical residue ratio×60%+assessment residue ratio×40%
6. Appraisal Findings
As of the Valuation Date of December31, 2006, the book value of machine and equipment within the appraisal scope is RMB 143754344.28 Yuans, the checked and adjusted book value RMB 143754344.28 Yuans and the appraisal value RMB 184778467.48 Yuans, with an appraisal increment amount of RMB 41024123.20 Yuans and an increment ratio of 29%.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
Summary of Appraisal Findings for Fixed Assets of Machine and Equipment
Unit: RMB Yuan
| Types | | Adjusted original book value | | Adjusted book value | | Replacement value | | Appraisal Value | | Increment/ reduction value | | Inrement ratio % | |
| Machinery & equipment | | | 176, 874, 863.30 | | | 137, 850, 336.69 | | | 201, 474, 582.42 | | | 157, 670, 585.93 | | | 19, 820, 249.24 | | | 14 | % |
| Vehicles | | | 4, 418, 405.20 | | | 3, 448, 997.29 | | | 4, 200, 092.96 | | | 3, 292, 538.92 | | | -156, 458.37 | | | -5 | % |
| Electronic equipments | | | 3, 535, 556.21 | | | 2, 455, 010.30 | | | 2, 912, 233.00 | | | 2, 060, 612.78 | | | -394, 397.52 | | | -16 | % |
| Total | | | 184, 828, 824.71 | | | 143, 754, 344.28 | | | 208, 586, 908.38 | | | 163, 023, 737.63 | | | 19269393.35 | | | 13 | % |
Main reasons for the increment value:
According to 2007 M & E Product Quotation Manual, 2 China Office Equipment and Household Appliance Quotation (1st edition, 2007) and in combination with Tianjin Daqiuzhuang Metal Sheet Co., Ltd. 2000 Asset Appraisal Report and the details of appraisal declaration and other relevant materials provided by the Enterprise, the spot appraisal has been carried out over the Enterprise’s major production equipments. Based on the current market quotation, define the increment data for the relevant equipments.
For detailed findings, see Summary of Fixed Asset Checking and Appraisal, Details of Machine and Equipment Checking and Appraisal, Details of Vehicle Checking and Appraisal and Details of Electronic Equipment Checking and Appraisal.
7. Appraisal Cases
Case I: 1200 Roll Train (Form 5-2-1, serial number 46)
1) Overview of the equipment
| Model: 1200×Φ800 Dual-roll Machine Factory | | Manufacturer: Fula’erji Heavy Machine |
| | | |
| Date of purchase: March 2003 | | Date of launching: March 2003 |
| | | |
| Original book value: 2806004.00 Yuans | | book value: 2186033.09 Yuans |
| | | |
| Main specifications and parameters | | |
| | | |
| Allowed rolling pressure: 1200KN | | |
| | | |
| | |
| | | |
| Roller diameter (Dmax/Dmin) : Φ800 mm | | |
| | | |
| Roller length: 2050mm | | |
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
Current status of the equipment
The equipment is an important component of the hot-roll production line, which is in normal operation.
2) Definition of replacement value
Replacement value= purchase price + freight + installation and commissioning expenses + other expenses+ financial cost
Purchase price
With reference to 2007 China M & E Product Quotation Manual (Volume III: Engineering and Heavy Machinery) and market survey, the deal price for the dual-roller unit is RMB 23000 Yuans/ton. The unit has a weight of 250.192 tons and thus the purchase price is RMB 5754400.00 Yuans.
Freight
As per the final account report of the hot-roll production line, analyze and define the freight ratio is 4% of the purchase price.
Installation and commissioning expenses
As per the final account report of the hot-roll production line, its installation and commissioning expenses consist of installation expenses, base expenses and trial run expenses and analyze and define the rates respectively as 6%, 4% and 2% with a total of 12%.
Other expenses
As per the final account report of the hot-roll production line, analyze and define the other rational expenses of the production line, including also the process design fees and the construction unit’s overheads, while the total rate is defined as 5%.
Financial cost
As per survey in the same industry, the normal construction period for the said hot-roll production line is one year. Given that the fund is projects in equal portions, the one-year loan interest ratio up to the valuation date is 5.85%.
Replacement value=5754400.00 × (1+4%+12%+5%) × (1+5.85%×0.5)
=7166500.00 Yuans (rounding)
3) Definition of the residue ratio
With adoption of the life method for the equipment and in combination with the field survey and technical assessment scoring, generally define the residue ratio, where the life method weighs 40% and technical assessment scoring weighs 60%.
The machine was launched in April 2003 and is now operating in normal conditions. The production line is normally maintained and serviced. The equipment has an economic lifespan of 18 years, while its serviced period is 3.75 years from the launching date to the valuation date.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
Life method residue ratio =(economic lifespan- serviced period) / economic lifespan×100%
= (18-3.75) /18×100%
= 79%
The equipment consists mainly of the roller accessories, roller changing and moving system, roller tightening system, lubricating system, main driving system, all of which are operating with the production line in a harmonious and normal condition.
Score sheet for the on-the-spot survey
| Parts | | Technical status | | Standard scoring ratio (%) | | Appraisal scoring ratio (%) |
| Roller accessories | | Rollers and brasses are regularly changed | | 25 | | 19 |
| Roller changing and moving system | | In operation for more than one year, changing and moving normally | | 15 | | 10 |
| roller tightening system | | In operation for more than one year, tightening normally | | 15 | | 10 |
| Lubricating system | | Oil circuit is smooth, lubrication is normal, basically without any leakage | | 20 | | 10 |
| Main driving system | | Reducer and motor in operating condition | | 25 | | 15 |
| Total | | | | 100 | | 64 |
As per field survey, the residue ratio is 64%.
General residue ratio= period residue ratio×0.4+ survey residue ratio×0.6
=79%×0.4+64%×0.6
=70%
4) Definition of appraisal value:
Appraisal value=replacement value× residue ratio=7166500.00×70%=5016550.00 (Yuans)
Case II: Dual-beam Bridge Crane (Form 5-2-1, serial number 127)
1) Overview of the equipment
| Title: Dual-beam Bridge Crane | | |
| | | |
| Date of purchase: March 2003 | | Date of launching: March 2003 |
| | | |
| Original book value: 762276.00 Yuans | | book value: 593855.37 Yuans |
| | | |
| Main specifications and parameters | | |
| | | |
| Lifting: 30/5 T | | |
| | | |
| | |
| | | |
| Class: A5 | | |
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
The crane is installed in the rolling workshop, in operating condition and with the annual inspection passed by the labor safety authority.
2) Definition of replacement value
Replacement value= purchase price+ installation freight
Purchase price
With reference to 2007 China M & E Product Quotation Manual (Volume II: General Machinery) and market survey, the equipment’s current actual purchase price is RMB 871200.00 Yuans
Installation and freight
The equipment’s installation and freight ratio is given as 5%.
Replacement value=871200.00× (1+5%)
= 914760.00 (Yuans)
3) Definition of the residue ratio
The equipment was launched in March 2003, with a short launching period. The rolling workshop has a good operating environment. It has been well serviced and is in operating condition.
Residue ratio is defined as 78%.
4) Definition of appraisal value:
Appraisal value=replacement value× residue ratio
=914760.00×78%
=713512.80 (Yuans)
Case III: Jetta 1.6 (see Details of Vehicle Checking and Appraisal, Form 5-2-2, Serial Number 6)
Title: Jetta 1.6, Vehicle Plate: Jin C-G2031, date of launching: July 2003, with a traveled mileage of 237000 km, original book value: RMB 159156.12 Yuans, book value: RMB 112000.69 Yuans, adjusted original book value: RMB 159156.12 Yuans, RMB book value: 112000.69 Yuans.
Color: black, vehicle plate: Jin C-G2031. The vehicle has traveled 237000 km as of the Valuation Date, with any traffic accident. As per introduction by the driver, the vehicle’s engine is in operating condition and in normal consumption of fuel.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
Visual check: no scratch, crack, paint-off and rust. The body and window and door for the driver’s cabin are intact, with fine sealing. The operating meter panel is complete. No leakage is observed on the engine and gear box body, rear axle, no leakage is observed of the cooling system. The steering system and gear box operate flexibly.
Travel inspection: accelerating and braking performance complies with the requirement. In traveling, the engine produces no noise from the piston knocking the cylinder and abnormal sound from the crank axle and link. The gear box shows no off-gear and jumping-gear. The steering device and clutch handle operate flexibly. The clutch works normally.
Assessment analysis: in good condition.
(3) Definition of replacement value
Replacement value= purchase price× ( 1+ vehicle purchase surcharge) + plate fee
As per search online (www.qiche.com.cn) about the relevant automobile price information and enquiry from Shaanxi Province Auto Trading Company, the market sales prices for the vehicle of the model as of the valuation date is RMB 90, 000.00 Yuans. The vehicle purchase surcharge is charged as per 10% of the market selling price (exclusive tax) and the plate fee is RMB 500.00 Yuans.
Replacement value=90000.00× ( 1+10%×1/1.17) +500
=98000.00 Yuans (rounding)
(4) Definition of the residue ratio
With the life method and travel mileage write-off approach and in combination with the technical assessment approach, it is generally defined:
A. Life method: The vehicle has a service period of 15 years and a serviced period of 3.5 years from July 2003 to December31, 2006.
Remaining service period=service period- serviced period=15-3.5=11.5 years
Residue ratio= remaining service period /( serviced period+ remaining service period) ×100%=11.5/(3.5+11.5)×100%=76% (roundabout)
Travel mileage approach: the vehicle has a total travel mileage of 500,000km and has already traveled 237000 km from July 2003 to December 31, 2006.
Remaining mileage=total travel mileage-traveled mileage=50-23.7=263,000 km
Travel mileage residue ratio=remaining mileage/( traveled mileage + total travel mileage) ×100%=26.3/(26.3+23.7)×100%=52%
B. Technical assessment approach: jointly with the Enterprise’s management personnel and driver, the appraisers have carried out the technical assessment on all the parts of the vehicle, with the particulars given as follows:
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
Technical Assessment Sheet
Title: Jetta 1.6
| Sr. No. | | Parts | | Technical Status | | Standard scores | | Appraisal scores |
| 1 | | Engine | | No abnormal operation and normal consumption of fuel | | 45 | | 41 |
| 2 | | Gear box and clutch | | No gear-off, jumping gear, shaking and slippery | | 25 | | 21 |
| 3 | | Steering and braking system | | Flexible steering and the brake distance in compliance with the requirement | | 15 | | 10 |
| 4 | | Body | | No damage, paint-off and rust, with windows intact | | 10 | | 7 |
| 5 | | Electric system | | Power, igniting, lighting and signals in working conditions | | 5 | | 3 |
| Total | | | | | | 100 | | 82 |
As per technical assessment, residue ratio: 82%
C. General residue ratio: since the travel mileage approach weighs 0.4 and technical assessment approach weighs 0.6.
General residue ratio=52%×0.4+82%×0.6=70% (rounding)
(5) Definition of appraisal value
Appraisal value=replacement value× general residue ratio
=98000.00×70%
=68600.00 Yuans
5.3 Technical annotation to building appraisal
1. Appraisal scope
Upon adjustment the buildings of Tianjin Daqiuzhuang Metal Sheet Co., Ltd. included in the current appraisal scope has original book value of RMB 72846057.85 Yuans and a book value of RMB 63785388.65 Yuans.
2. Overview of buildings
Most the buildings and structures of Tianjin Daqiuzhuang Metal Sheet Co., Ltd. located in Daqiuzhuang Town, Jinghai County within the appraisal scope were built in the late 1990s and some in 2005.
In terms of functions, the buildings included in the current appraisal scope are mainly the workshops and auxiliary buildings for the processing of hot-roll sheet steel, with the structures being mostly, brick-concrete and framework, while for the auxiliary warehouse and office buildings are mostly of the brick-concrete structure.
1) Overview of major buildings and structures
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
(1) Frame and bent structure
The major buildings for production are basically of the frame and bent structures, including the hot-roll workshops. The single-storey workshops are mainly of bent structures, while the foundation is the lime soil compaction pile and cup base, pre-cast I-shaped pile thin belly beam or steel roof frame. Large roof slabs, roofing waterproof, exterior walls dry or finishing, interior walls mostly dry walls, the ground cement or anticorrosion finishing. The water supply and drainage, power and lighting auxiliaries have been installed. The multi-floor workshops are of the framework structures, with the raft foundation, cast piles, enlarged-end dug pile, cast-in-sito beams, slabs, pillars. Walls are filled with the air bricks and cellular bricks. The interior and exterior walls are finished and the roofing is waterproof. The water, power and heating are arranged.
2) Brick-concrete structure
Used mostly for the auxiliary production workshops and offices, such as the testing building, pump houses, carpentry rooms, mechanic workshop and office building and restrooms. The building floors are from one to five. The foundation is the bar rough stone foundation, brick walls, level floor, cast-in-sito or pre-cast slabs, the exterior walls are dry walls or mortar finished, cement floor. Water, power and heating are arranged.
3) The structures are mostly of concrete structure, such as cooling tower, chimney, etc. The foundation is the all-round foundation, with lime-soil piles, cast-in-sito concrete tube, beam, slab and pillar.
3. Appraisal Procedure
In line with the specific purpose for the current appraisal and in combination the features of the buildings/structures under appraisal, the appraisal mainly adopts the replacement cost approach for the buildings. The appraisal is carried out mainly in the following stages.
Firstly, check and verify the basic data and collect the materials required for the appraisal. Upon being mobilized to the site, according the Details of Asset Checking and Appraisal, the appraisers check the accounts with the statements, checking mainly the building’s titles, location, structure, floorage, lifespan, book value, etc and collect the relevant financial and ownership documents of the buildings under the appraisal.
Secondly, carry out the field survey. According to the declaration, check all the buildings’ title, location, structural form, floorage, etc. According to the asset status of the Enterprise on the Valuation Date, supplement the missing and omitted items of the assets declaration for the consistence for the account and kind and without any duplication and omission. In the survey, also focus on inspecting the buildings and structures’ outlook, floors, height, span, inner and external finishing, indoor facilities, status of all components, foundation status and status of maintenance and service and keep the detailed observation records.
The appraisers make the particular inspection over the buildings and structures under the consigned appraisal. In addition to verifying if the quantity and content of the buildings and structures is consistent with the declaration, mainly check the building’s structure, finishing, facilities and auxiliary utilities.
Structure: in order to assess the safe of the building foundation, preliminarily define the reliability and rationality of the foundation to provide a basis for the appraisal. According to the type of structure, observe carefully the main wall, beam, slab and column and check if any deformation and crack and if any uneven settlement, check if the concrete components have any exposed reinforcing steel, bitted surface, deformation and check if the wall has been weathered and its extent.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
Finishing and decoration: different buildings have different finishing standards and contents. Normally, it includes the interior finishing and exterior finishing, high-end finishing and general finishing. Disregarding the type of finishing, the major items to be checked is if the finishing parts have any drop-off, crack and damage and also the stocking duration.
Equipment: if water and power facilities are complete, smooth and if any damage and corrosion and if the requirement of use is satisfied.
Maintaining structures: such as the walls other than main walls, doors, windows, partitions, aproll, waterproof, thermal insulation. Check if any damage, loss, rotting, and crack.
Secondarily, collect the price data. Search and collect the local construction project budget quota and data about the cost changes of the materials, labor and machinery and collect the relevant policies and regulations of the relevant management departments on the building construction.
Finally, appraise the costing and prepare the annotations to the appraisal. Based on the collected data, carry out the factor analysis on the appraisal objects, evaluate and estimate and obtain the appraisal value of the appraisal objects on the Valuation Date and finally form the technical annotation to the appraisal.
4. Appraisal Methodology
A. Upon mobilization to the Enterprises, according to the details of building appraisal provided by the Enterprise, the appraisers first carry out the account-statement and account-kind checking to avoid any duplication and omission and reduce the errors in the appraisal. Carry out the field survey over the buildings. In accordance with the Operating Standards (Guideline) for Asset Appraisal and in line with the principle of just, objective and scientific, as per Checklist of Building Checking and Appraisal provided by the Consigner, the appraisers have the particular survey on the buildings under the consigned appraisal. In addition to check if the quantity and items of buildings and structures is consistent with the declaration, mainly check: (1) the utilization status of building’s structure, finishing, facilities and auxiliaries; (2) the structural type of structures. In addition consult the relevant drawings of the major buildings, correct the portion not in compliance with the kind and enquire, on the spot, about structure and features and intact and damage status of the buildings and take notes on the spot one by one.
B. Request the Enterprise to provide the property ownership documents and relevant drawings, budget and final account and other technical files, carefully check the property ownership and verify the BOQ of the buildings to provide the accurate basis for the appraisal calculation.
C. Classify the buildings applied for appraisal by the Consigner according to their features and carry out the inspection and technical analysis on the typical buildings and adopt the replacement cost approach and current market price approach for the appraisal.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
D. Based on the above work, jointly with the Enterprise’s technical staff for basic construction, survey and assess item by item, measure and keep notes, enquire the relevant personnel about the utilization and maintenance and service of the buildings. According to the current technical status and utilization of the buildings, the appraisers carry out the technical analysis and define the residue ratio.
E. Collect data, carry out the market survey, select the proper method, define the replacement value and calculate the appraisal value.
F. Stage for presenting the appraisal annotations and appraisal details
Carry out the general analysis over the obtained appraisal materials and the appraisal and calculation of the replacement value and residue ratio for different buildings, check the appraisal draft and prepare the asset appraisal annotations and appraisal details.
In the appraisal of the buildings and structures, the replacement cost approach is used.
5.1.1.2 Overview of assets
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. is located at Daqiuzhuang Town, Jinghai County, Tianjin City. The current appraisal is on 78 items of business buildings (structures) within the appraisal scope, with a total original value of RMB 72846057.85 Yuans. The buildings (structures) included in the appraisal scope were most built during the period of 1988-2006, which with the proper internal quality and rational arrangement can satisfy the requirement of production.
Property ownership status: some of the buildings have been granted with the property ownership certificates.
5.1.1.3 Appraisal method
According to the appraisal purpose and the transaction volume of building assets and with reference to the cases, actual usage and status, the replacement cost approach is used for the appraisal.
Basic Principle
The appraisal follows the assignment principle of independence, objectiveness and scientificalness and the operating principle of sustainable operation and open market of assets, disregarding their historical cost, the fair current market value of the buildings is defined as per current replacement cost.
Formula
Appraisal value= new purchase and construction price of buildings×general residue ratio
Building’s replacement value normally including the construction and installation cost, preliminary expenses and other expenses, financial cost, reasonable profit, which are all selected and obtained as per prevailing relevant regulations for addition to conclude the value of the real estates in a brand new mode on the Valuation Date.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
Residue ratio is to define the damage and loss extent of the real estate’s replacement value according to its physical status, economic duration and influence from the external factor, which is indicated in percentage. According to the lifespan method and on-the-spot scoring approach, the appraisal generally defines the residue ratio.
Appraisal value=replacement value*general residue ratio
Building value appraisal
With the cost approach, define the building’s value, with the following formula:
Building value=replacement value× residue ratio
5.1.1.4 Appraisal Cases
Case I: Summer Bamboo Hotel (Building number 5)
Summer Bamboo Hotel with a floorage of 2584.34sqm was built in December 2003. It is horizontally in a rectangle, with three floors and brick-concrete structure, strip foundation, granitic plaster exterior walls, wooden doors, aluminum alloy windows. The corridor floor is of waterstone, while the indoor floors are of cement finishing. Ductile pipes are used for water supply and drainage. Open wiring; fluorescent lamps for lighting, Internet connection is available for normal communication. For the details, see the following table:
| Building Name | | Summer Bamboo Hotel | | Building Structure | | Brick-concrete | | Original book value | | 4515200.00 Yuans |
| Property Certificate No. | | | | Floorage | | 2584.34 m2 | | book value | | 4077255.49 Yuans |
| Span | | | | Stories | | 3 | | Floor clearance | | 3.0m |
| Service life | | 50 | | Date of Completion | | December 2003 | | Remaining service life | | 47 years |
| | | Basic structure and materials | | Status |
| Foundation | | Strip foundation | | Intact |
| Wall (type & thickness of inner and outer walls) | | 240 standard brick wall | | Intact |
| Structure (beam, board, column & roof truss) | | Cast-in-situ or pre-cast RCC beam, column and board | | Intact |
| Roof | | Two felts and three coats for water proofing and perlite boards for thermal insulation | | Basically intact |
| Doors and windows | | Aluminum alloy windows and wooden doors | | Basically intact |
| Floors | | Terrazzo and cement finishing | | Basically intact |
| Internal & external finishing | | Exterior walls | | Basically intact |
| Electric & lighting devices | | General lighting | | Basically intact |
(1) Construction cost
o Preliminary expenses for survey and design
The preliminary expenses for survey and design mainly refers to the expenses for the survey, design and city construction surcharges arising in the early stage of the construction works. In combination with the target scale and work quantity for the item, the total preliminary expenses are RMB 50 Yuans/sqm.
oConstruction and Installation Expenses
In line with the actual survey and the relevant data provided by the Consigner, according to the relevant building quota standard, with reference to the construction and installation cost standard for the similar buildings, upon calculation, the construction and installation cost is defined:
The construction cost for the similar works is about RMB 2060 Yuans/sqm.
o Auxiliary Expenses for Basic Facilities
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
Including mainly the expenses for such basic facilities as the equipment facilities, inner roads and green land related to the water supply and drainage, power, heating and communication, etc. Upon general calculation, the quota for the said expenses is RMB 50 Yuans/sqm.
o Building development cost
Unit cost for building development=50+2060+50=2160 Yuans/sqm
(2) Expenses for building development
① Management expenses: including salaries, welfare, office expenses, travel expenses, transport expenses, communication expenses and meeting expenses, etc, which are calculated as 3% of the building development cost.
Management expenses=2160×3%=65 Yuans/sqm
oLoan interests
As per the latest interest rate for one-year term loan published by the People’s Bank of China and in line with the actual conditions of the Project, the financing interest rate is defined as 5.85%, with an interest period of year.
Interest=2160×5.85%×0.5=63 Yuans/sqm
Cost=2160+65+63=2288 Yuans/sqm
(3) Development profit: for valuing of profit ratio, risk factor adjustment should be made on the basis of non-risk return ratio, also with reference to the profit ratio for the similar real estate development.
The current evaluation takes 5% as the development profit ratio.
Development profit=2288×5%=114 Yuans/sqm
3) Tax and surcharge: two taxes and one surcharge take 5.5% as per the national standard tax rate.
Tax & surcharge = (2288+114) ×5.5%=132 Yuans/sqm
Unit cost of building =2288+114+132=2534 Yuans/sqm (rounding)
Building replacement value=2534×2584.34=6548717.56 Yuans
(4) Residue ratio
According to the actual position of the evaluated objects, the residue ratio takes 93%.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
Building’s unit replacement price=6548717.56×93%=6090307.33 Yuans
Case II: (Building number 7)
The steelmaking workshop with a floorage of 14724.34sqm was built in December 2000, in a rectangle shape, one storey, bent structure, strip foundation. The structure and features of the building are given in the following table:
| Building Name | Main workshop | Building Structure | Bent structure | original book value | 60,216,461.25 Yuans |
| Property Certificate No. | | Floorage | 14724.34 m2 | book value | 52,002,523.23 Yuans |
| Span | 21m | Stories | 1 | Floor clearance | 12m |
| Service life | 50 | Date of Completion | December 2000 | Remaining service life | 44 years |
| | Basic structure and materials | Status |
| Foundation | Strip foundation | Intact |
| Structure (beam, board, column & roof truss) | Cast-in-situ or pre-cast RCC beam, column and board | Intact |
| Roof | Color steel sheets | Intact |
| Doors and windows | Aluminum alloy windows and iron doors | Intact |
| Floors | Concreted and compacted ground | Intact |
| Internal & external finishing | Exterior walls with color steel sheets | Intact |
| Electric & lighting devices | General lighting | Intact |
The appraisal process is as follows:
Building value appraisal
With the cost approach, define the building’s value, whereas the formula is as follows:
Building value=replacement value× residue ratio
1) Building’s replacement value
The building’s replacement value includes all the reasonable and necessary cost, expenses, normal profit and tax required a new building for which the land use right has been obtained and construction is carried out, with equal effect to the appraisal objects.
In line with the features of the evaluation objects, to obtain the building’s replacement value, the following formula is adopted:
Replacement value=construction cost+ development expenses+ development profit+tax and surcharge
(1) Construction cost
oPreliminary expenses for survey and design
The preliminary expenses for survey and design mainly refers to the expenses for the survey, design and city construction surcharges arising in the early stage of the construction works. In combination with the target scale and work quantity for the item, the total preliminary expenses are RMB 50 Yuans/sqm.
oConstruction and Installation Expenses
In line with the actual survey and the relevant data provided by the Consigner, according to the relevant building quota standard, with reference to the construction and installation cost standard for the similar buildings, upon calculation, the construction and installation cost is defined as about 632 Yuans/sqm.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
oAuxiliary Expenses for Basic Facilities
Including mainly the expenses for such basic facilities as the equipment facilities, inner roads and green land related to the water supply and drainage, power, heating and communication, etc. Upon general calculation, the quota for the said expenses is RMB 50 Yuans/sqm.
oBuilding development cost
Unit cost for building development =50+532+50=732 Yuans/sqm
(2) Expenses for building development
oManagement expenses: including salaries, welfare, office expenses, travel expenses, transport expenses, communication expenses and meeting expenses, etc, which are calculated as 3% of the building development cost.
Management expenses =732×3%=22 Yuans/sqm
oLoan interests
As per the latest interest rate for two-year term loan published by the People’s Bank of China and in line with the actual conditions of the Project, the financing interest rate is defined as 6.03%, with an interest period of year.
Interest =732×6.03%×2×0.5=44 Yuans/sqm
Cost=732+22+44=798 Yuans/sqm
(3) Development profit: for valuing of profit ratio, risk factor adjustment should be made on the basis of non-risk return ratio, also with reference to the profit ratio for the similar real estate development.
The current evaluation takes 10% as the development profit ratio.
Development profit=798×10%=80 Yuans/sqm
3) Tax and surcharge: two taxes and one surcharge take 5.5% as per the national standard tax rate.
Tax & surcharge = (798+80) ×5.5%=48 Yuans/sqm
Unit cost of building =798+80+48=926 Yuans/sqm (rounding)
Building replacement value=926×14724.34=13634738.84 Yuans
4) Residue ratio
According to the actual position of the evaluated objects, the residue ratio takes 86%.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
Building’s unit replacement price =13634738.84×86%=11725875.40 Yuans
5.1.1.5 Appraisal findings
| | | | Adjusted book value | | | Appraisal value | | | Increment ratio % | |
| Headings | | | Original Value | | | Net Value | | | Original Value | | | Net Value | | | Original Value | | | Net Value | |
| Buildings | | | 72, 846, 057.85 | | | 63, 785, 388.65 | | | 88, 386, 039.19 | | | 79, 325, 388.68 | | | 21 | % | | 24 | % |
| Structures | | | | | | | | | | | | | | | | | | | |
| Pipelines & ditches | | | | | | | | | | | | | | | | | | | |
| Total | | | 72, 846, 057.85 | | | 63, 785, 388.65 | | | 88, 386, 039.19 | | | 79, 325, 388.68 | | | 21 | % | | 24 | % |
Notes:
1) The current appraisal excludes the land value.
2) The final ownership of the real estates is subject to the registration process issued by the governmental authority for the real estate management.
3) Since the appraisal purpose is to provide the reference basis for a present value, the influence of other right setting on the appraisal value is not taken into account.
5.4 Technical Annotation to Land Use Right Appraisal
The appraisal adopts the cost approximation, market comparison and benchmark land value correction.
1. Cost approximation
1) The reasons for cost approximation are as follows:
o To define the land acquisition cost, the national law and relevant local land acquisition subsidy standard and policy can be taken as the basis. To define the land acquisition cost in Meixian, the land acquisition data is available for reference;
o The taxes and surcharges are definite for the local land acquisition.
2) Calculation of land price
o Basic Principle
Cost approximation is an approach to take the sum of all the expenses for the land acquisition and development as the main basis, plus certain interest, profit, tax payable and land value-added return to define the land price.
o Basic Formula:
Land price=land acquisition expenses+tax & surcharge + land development expense + interest + profit+ land value-added return
2. Benchmark land value correction
1) The reasons for benchmark land value correction are as follows:
o Tianjin State-owned Land Benchmark Price and Jinghai County State-owned Land Benchmark Price are available. The land grade and benchmark price for the land under evaluation is definite;
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
o The benchmark land price correction rules are available for the convenience to correct the benchmark land price;
o Quasi land price coefficient correction can be used to keep the appraisal value of the land in question with the local land price standard.
2) Calculation of land price
o Basic Principle
The benchmark land price shows the mean prince of land in different grades and for different purposes. Due to different conditions, the land in the area with the same benchmark land price may have different land prices. Therefore, by analyzing all the factors affecting the land price of the parcelland and by means of the benchmark land price coefficient correction, it is calculate and obtain the price of the parcelland.
Based on the benchmark land price standard published by the government, according to the particulars of the evaluation objects, as per relevant benchmark land price correction rules, carry out the adjustment in terms of the service period, transaction date, capacity, location and parcelland conditions (commercial service extent, transport conditions, basic facilities, capacity of industries, environmental conditions, planning conditions and particular condition), regional basic facilities and special factors and finally obtain the appraisal value of the parcelland under evaluation.
oFormula
PD=PJ×A×B×C×( 1+D+E+F)
Whereas
PD——prince of parcelland to be evaluated
PJ——Benchmark land price standard
A——Annual correction coefficient
B——Daily correction coefficient
C——Plot ratio correction coefficient
D——Location and parcelland conditional correction factor
E——Regional basic facilities correction factor
F——Special factor correction factor
3. Market comparison approach:
Under the same market condition, according to the alternative principle, compare the land with similar conditions and same utilization value plus price with the land to be evaluated. As for the different between the two in terms of the transaction status, date, regional and individual factors affecting the value of real estate to be evaluated, correct the comparative case price and obtain the value of the real estate to be evaluated.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
1) Basic Principle
According to the economic principle, in the same market, the goods with the same effect should have the same price: between the assets of the same kind and with the substitution relation may compete with each other so that the price is constrained with each other for a consistence, as is the result of the substitution principle.
2)Formula
[Formula 1]
PD=PB×A×B×D×E
Whereas:
PD—Land price to be evaluated
PB—Land price as per case of actual deal
A—Trade correction indicator for the land to be evaluated /trade correction indicator for the deal case
B—Land price indicator for the evaluation land on the evaluation date/land price indicator on the date of the deal case
D—Regional factor indicator of the evaluation land /regional factor indicator for the deal case
E—Individual factor indicator of the evaluation land /individual factor indicator for the deal case
[Formula 2]
Appraisal value=(Comparative unit price of comparable case A + Comparative unit price of comparable case B + Comparative unit price of comparable case C) /3× land area
For details, see the Land Evaluation Report
5.5 Annotation to Liability Appraisal
1. Appraisal Scope
The appraisal scope covers particularly such headings as short-term borrowing, notes payable, accounts payable, advance received, salary payable, unpaid tax, other payables, long-term payables, other current liabilities, etc.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
The particular appraisal is mainly based on the appraisal data of liabilities provided by Tianjin Daqiuzhuang Metal Sheet Co., Ltd. as well as verifies the accounting items audited and adjusted.
2. Appraisal Base
1) General Rules for Enterprise Financial Affairs, Accounting Standards and Enterprise Accounting Rules;
2) Liability Appraisal Statement provided by the Enterprise;
3) General ledger, subsidiary ledgers, accounting statements and relevant accounting vouchers provided by the Enterprise;
4) The long and short-term loan contracts provided by the Enterprise;
5) Other relevant materials provided by the Enterprise.
3. Appraisal Process
1) The appraisers check the appraisal declaration provided by the Enterprise item by item with the general ledger and subsidiary ledgers, check the loan agreement signed by the Enterprise with the bank or other organizations, spot-check the original vouchers and verify the trueness and completeness of the appraisal declaration;
2) According to the checked and verified materials, appraise the liabilities as per relevant requirements and finally make the appraisal conclusion by checking and summarizing and rechecking.
4. Book Particulars of Liabilities
Unit: RMB Yuan
| Sr. No. | | Headings | | Book Value | | Adjusted book value |
| 1 | | Short-term borrowing | | 236, 230, 000.00 | | 236, 230, 000.00 |
| 2 | | Notes payable | | 63, 600, 000.00 | | 63, 600, 000.00 |
| 3 | | Accounts payable | | 23, 414, 791.63 | | 23, 414, 791.63 |
| 4 | | Advance received | | 8, 530, 435.51 | | 8, 530, 435.51 |
| 5 | | Other payables | | 1, 636, 182.35 | | 1, 636, 182.35 |
| 6 | | Salary payable | | 5, 541, 124.46 | | 5, 541, 124.46 |
| 7 | | Welfare payable | | | | |
| 8 | | Tax payable | | 42, 056, 174.09 | | 42, 056, 174.09 |
| 9 | | Profit payable | | | | |
| 10 | | Other current liabilities | | | | |
| 11 | | Other current liabilities | | 2, 758, 499.10 | | 2, 758, 499.10 |
| 12 | | Current maturity of long-term liabilities | | | | |
| 13 | | Long-term payables | | 16, 000, 000.00 | | 16, 000, 000.00 |
| 14 | | Long-term liabilities | | | | |
| Total | | 399, 767, 207.14 | | 399, 767, 207.14 |
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
5. Appraisal Methodology
As for the appraisal on the liabilities, define the appraisal value for the liability items and their amounts to be undertaken by the asset owner after the appraisal purpose is realized. The particular methods are described as follows:
1) Short-term borrowing
The short-term borrowing means the amount borrowed by the Enterprise from the bank, of which the interest has been paid or accounted as per schedule. It appraisal value will be defined as per checked and verified book value.
2) Notes payable
Define the appraisal value as per checked book value.
3) Accounts payable
Accounts payable are mainly the payment due for the purchased goods. Upon verifying the completeness and trueness of the debts, define the appraisal value as per verified book value.
4) Advance received
Advance received is mainly the payment received in advance from other enterprises for the purchased goods. Upon verifying the completeness and trueness of the debts, define the appraisal value as per verified book value.
5) Other payables
Other payables are the other sums payable than the main purchase payments. Upon verifying the completeness and trueness of the debts, define the appraisal value as per verified book value.
6) Unpaid tax
Tax payable means all the taxes to be paid by the Enterprise. Upon verifying the completeness and trueness of the debts, define the appraisal value as per verified book value.
7) Long-term payables
It is the security money received by the Enterprise. Upon verifying the completeness and trueness of the debts, define the appraisal value as per verified book value.
6. Appraisal Findings
As of the Valuation Date of December31, 2006, the book value of the liabilities within the appraisal scope is RMB 399767207.14 Yuans, the checked and adjusted book value is RMB 399767207.14 Yuans and appraisal value is RMB 399767207.14 Yuans.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
| Sr. No. | | Headings | | Adjusted book value | | appraisal value | | Increment amount | | Increment ratio % |
| 1 | | Short-term borrowing | | 236, 230, 000.00 | | 236, 230, 000.00 | | 0.00 | | 0.00 |
| 2 | | Notes payable | | 63, 600, 000.00 | | 63, 600, 000.00 | | 0.00 | | 0.00 |
| 3 | | Accounts payable | | 23, 414, 791.63 | | 23, 414, 791.63 | | 0.00 | | 0.00 |
| 4 | | Advance received | | 8, 530, 435.51 | | 8, 530, 435.51 | | 0.00 | | 0.00 |
| 5 | | Other payables | | 1, 636, 182.35 | | 1, 636, 182.35 | | 0.00 | | 0.00 |
| 6 | | Salary payable | | 5, 541, 124.46 | | 5, 541, 124.46 | | 0.00 | | 0.00 |
| 7 | | Welfare payable | | | | | | 0.00 | | 0.00 |
| 8 | | Tax payable | | 42, 056, 174.09 | | 42, 056, 174.09 | | 0.00 | | 0.00 |
| 9 | | Profit payable | | | | | | 0.00 | | 0.00 |
| 10 | | Other current liabilities | | | | | | 0.00 | | 0.00 |
| 11 | | Other current liabilities | | 2, 758, 499.10 | | 2, 758, 499.10 | | 0.00 | | 0.00 |
| 12 | | Current maturity of long-term liabilities | | | | | | 0.00 | | 0.00 |
| 13 | | Long-term payables | | 16, 000, 000.00 | | 16, 000, 000.00 | | 0.00 | | 0.00 |
| 14 | | Long-term liabilities | | | | | | 0.00 | | 0.00 |
| Total | | 399, 767, 207.14 | | 399767207.14 | | 399,767,207.14 | | 0.00 |
As for the particular findings of the appraisal, see Summary of Checkup and Appraisal on Current Liabilities, Summary of Checkup and Appraisal on Long-term Liabilities and details of checkup and appraisal for different liabilities.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
Annotation 6
Appraisal Conclusion and Analysis
1. Appraisal Conclusion
With the above asset appraisal procedures and methodologies performed, as per pre-appraisal book values provided by Tianjin Daqiuzhuang Metal Sheet Co., Ltd., the total assets is RMB 569002861.53 Yuans, liabilities RMB 399767207.14 Yuans and net assets RMB 169235654.39 Yuans; as per checked and adjusted book value, the total assets is RMB 569002861.53 Yuans, liabilities RMB 399767207.14 Yuans, net assets RMB 169235654.39 Yuans; as per appraisal value the total assets is RMB 641701580.83 Yuans, liabilities RMB 399767207.14 Yuans, net assets RMB 241934373.69 Yuans. As compared with the adjusted book value of net assets, the net appraisal value of assets observes an increment of RMB 72698719.30 Yuans, with an increment ratio of 43%.
For details of the appraisal findings, see Summary of Appraisal Findings:
Summary of Appraisal Findings
Appraisal Basic Date: December 31, 2006
Amount Unit: Yuan
| Items | | Book Value | | Adjusted book value | | Appraisal Value | | Increment/ Reduction Value | | Increment Ratio % | |
| Current assets | | | 347, 387, 936.26 | | | 347, 387, 936.26 | | | 374, 896, 109.55 | | | 27, 508, 173.29 | | | 8 | % |
| Long-term investment | | | | | | | | | | | | | | | | |
| Fixed assets | | | 207, 539, 732.93 | | | 207, 539, 732.93 | | | 242, 349, 126.28 | | | 34, 809, 393.35 | | | 17 | % |
Including: Works in progress | | | | | | | | | | | | | | | | |
| Buildings | | | 63, 785, 388.65 | | | 63, 785, 388.65 | | | 79, 325, 388.65 | | | 15, 540, 000.00 | | | 24 | % |
| Equipments | | | 143, 754, 344.28 | | | 143, 754, 344.28 | | | 163, 023, 737.63 | | | 19, 269, 393.35 | | | 13 | % |
| Intangible assets | | | 14, 075, 192.34 | | | 14, 075, 192.34 | | | 24, 456, 345.00 | | | 10, 381, 152.66 | | | 74 | % |
Including: Land use right | | | 14, 075, 192.34 | | | 14, 075, 192.34 | | | 24, 456, 345.00 | | | 10, 381, 152.66 | | | 74 | % |
| Other assets | | | | | | | | | | | | | | | | |
Total assets | | | 569, 002, 861.53 | | | 569, 002, 861.53 | | | 641, 701, 580.83 | | | 72, 698, 719.30 | | | 13 | % |
| Current liabilities | | | 383, 767, 207.14 | | | 383, 767, 207.14 | | | 383, 767, 207.14 | | | 0.00 | | | 0 | % |
| Long-term liabilities | | | 16, 000, 000.00 | | | 16, 000, 000.00 | | | 16, 000, 000.00 | | | 0.00 | | | 0 | % |
Total liabilities | | | 399, 767, 207.14 | | | 399, 767, 207.14 | | | 399, 767, 207.14 | | | 0.00 | | | 0 | % |
Net assets | | | 169, 235, 654.39 | | | 169, 235, 654.39 | | | 241, 934, 373.69 | | | 72, 698, 719.30 | | | 43 | % |
For details of the appraisal conclusion, refer to Details of Asset Appraisal for Tianjin Daqiuzhuang Metal Sheet Co., Ltd.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
2. Conditions for Establishment of Appraisal Findings
1) The Appraisal Conclusion is made according to the principle, base, premise, methodology and procedures specified in the Appraisal Report (including the Appraisal Annotations), which will be only established provided the aforementioned principle, base and premise exist.
2) The Appraisal Conclusion is only used for the appraisal purpose specified in the Appraisal Report and shall not used for other conducts than the appraisal purpose.
3) The Appraisal Conclusion shows the fair value of appraised assets under the specific conditions on the Valuation Date;
4) The Appraisal Conclusion is to show the prevailing fair value of the appraisal object defined as per open market principle for the appraisal purpose, without considering the possible mortgage and guarantee in the future and influence on the appraisal price due to special price of additional payment that the trading party may make nor considering the due taxes for the said assets and the expenses and taxed to be undertaken if the assets are sold and other restrictions that may affect their value. We have not prepared any taxation adjustment for the appraisal increments of the assets. Additionally, the Report has not taken into account either such influence on the asset price as the changes of the government’s macro economic policy and natural force and other force majeure.
5) The Appraisal Conclusion issued by Tianjin Zhengtai Certified Public Accountants Co., Ltd., which is subject to the professional standard and capacity the institution’s particular personnel involved in the said appraisal.
3. Defects with Appraisal Conclusion
Nil
4. Notes for Events after the Valuation Date and their Influence on Appraisal Conclusion
During the period from the Valuation Date to the date of submitting the Appraisal Report, the appraisers have not observed any major events that may cause major influences over the Appraisal Conclusion.
After the Valuation Date and within the validity of the appraisal findings, if the quantity and price standards of the assets have changed that affect the appraisal conclusion, the Appraisal Conclusion shall not be used directly and should be adjusted or a new appraisal should be made: i.e., 1) in case of any change in the quantity of assets, the consigner should make relevant adjustment over the amount of assets according to the original appraisal methodology; while the appraisal methodology is the costing approach, adjustment should be made as per actual amount. 2) in case of any change in the price standard of the assets that have obviously influenced the appraisal price of the assets, the consigner should timely engage the appraisal agent for a new appraisal.
5. Force, Application and Validity of Appraisal Conclusion
1) The Appraisal Conclusion is the independent and just valuation views and conclusions issued by the Institution’s appraisers on the fair value of the appraisal assets under the premises and assumption specified in the Report according to the relevant regulations of the government, which shall bear the force as per law.
Tianjin Daqiuzhuang Metal Sheet Co., Ltd. Asset Appraisal Annotation-·Apprraisal Conclusion and Analysis
2) The Appraisal Conclusion will be used by the consigner of asset appraisal only for the specified appraisal purpose and for review and examination by the government’s asset appraisal authority. The use right of the Conclusion rests in the hand of the Consigner. Without permission from the Consigner, the Appraisal Conclusion shall not be provided to others or published.
3) In accordance with the relevant administrative regulations of the government on the appraisal of state-owned assets, the Asset Appraisal Report will be valid for a period of one year through the Valuation Date of December 31, 2006 to December 30, 2007.
Tianjin Zhengtai Certified Public Accountants Co., Ltd.
March 30, 2007
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | Unit: RMB/Yuan |
| | | | | | | | | | | | | | | | | | | | |
| Item | | | | | | Book Value | | | Adjusted Book Value | | | Appraisal Value | | | Increased Value | | |
Increase Rate% | |
| | | | | | | | | | | | | C | | | D=C-B | | | E=(C-B)/B×100% | |
| Current Assets | | | 1 | | | 347,387,936.26 | | | 347,387,936.26 | | | 374,896,109.55 | | | 27,508,173.29 | | | 8 | % |
| Long-term Investment | | | 2 | | | | | | | | | | | | | | | | |
| Fixed Assets | | | 3 | | | 207,539,732.93 | | | 207,539,732.93 | | | 242,349,126.28 | | | 34,809,393.35 | | | 17 | % |
| Including:Projects in Progress | | | 4 | | | | | | | | | | | | | | | | |
| Buildings | | | 5 | | | 63,785,388.65 | | | 63,785,388.65 | | | 79,325,388.65 | | | 15,540,000.00 | | | 24 | % |
| Facilities | | | 6 | | | 143,754,344.28 | | | 143,754,344.28 | | | 163,023,737.63 | | | 19,269,393.35 | | | 13 | % |
| Intangible Assets | | | 7 | | | 14,075,192.34 | | | 14,075,192.34 | | | 24,456,345.00 | | | 10,381,152.66 | | | 74 | % |
| Including: Land Use Right | | | 8 | | | 14,075,192.34 | | | 14,075,192.34 | | | 24,456,345.00 | | | 10,381,152.66 | | | 74 | % |
| Other assets | | | 9 | | | | | | | | | | | | | | | | |
Total Assets | | | 10 | | | 569,002,861.53 | | | 569,002,861.53 | | | 641,701,580.83 | | | 72,698,719.30 | | | 13 | % |
| Current Liabilities | | | 11 | | | 383,767,207.14 | | | 383,767,207.14 | | | 383,767,207.14 | | | 0.00 | | | 0 | % |
| Long-term Liabilities | | | 12 | | | 16,000,000.00 | | | 16,000,000.00 | | | 16,000,000.00 | | | 0.00 | | | 0 | % |
Total Liabilities | | | 13 | | | 399,767,207.14 | | | 399,767,207.14 | | | 399,767,207.14 | | | 0.00 | | | 0 | % |
Net Assets | | | 14 | | | 169,235,654.39 | | | 169,235,654.39 | | | 241,934,373.69 | | | 72,698,719.30 | | | 43 | % |
| Filled by :Yang Shu Hang | Appraiser: Qi Su Xue |
| Date of filling: March 27, 2007 | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | Unit: RMB/Yuan | |
| No. | | Item | | Book Value | | Adjusted Book Value | | Appraisal Value | | Increased Value | | Increase Rate% | |
| 1 | | | I. Total current assets | | | 347,387,936.26 | | | 347,387,936.26 | | | 374,896,109.55 | | | 27,508,173.29 | | | 8 | % |
| 2 | | | Monetary fund | | | 86,100,077.66 | | | 86,100,077.66 | | | 86,100,077.66 | | | 0.00 | | | 0 | % |
| 3 | | | Short-term investment | | | | | | | | | | | | | | | | |
| 4 | | | Notes receivable | | | 4,196,149.80 | | | 4,196,149.80 | | | 4,196,149.80 | | | 0.00 | | | 0 | % |
| 5 | | | Accounts receivable | | | 134,421,606.09 | | | 134,421,606.09 | | | 134,421,606.09 | | | 0.00 | | | 0 | % |
| 6 | | | Minus:Reserves for bad debts | | | 1,069,670.88 | | | 1,069,670.88 | | | 0.00 | | | -1,069,670.88 | | | -100 | % |
| 7 | | | Net accounts receivable | | | 133,351,935.21 | | | 133,351,935.21 | | | 134,421,606.09 | | | 1,069,670.88 | | | 1 | % |
| 8 | | | Dividend receivable | | | | | | | | | | | | | | | | |
| 9 | | | Interest receivable | | | | | | | | | | | | | | | | |
| 10 | | | Prepaid expenses | | | 24,222,810.52 | | | 24,222,810.52 | | | 24,222,810.52 | | | 0.00 | | | 0 | % |
| 11 | | | Subsidy receivable | | | | | | | | | | | | | | | | |
| 12 | | | Other receivables | | | 2,096,602.50 | | | 2,096,602.50 | | | 2,096,602.50 | | | 0.00 | | | 0 | % |
| 13 | | | Inventories | | | 97,420,360.57 | | | 97,420,360.57 | | | 123,858,862.98 | | | 26,438,502.41 | | | 27 | % |
| 14 | | | Prepaid expense | | | | | | | | | | | | | | | | |
| 15 | | | Net loss of current-assets pending disposal | | | | | | | | | | | | | | | | |
| 16 | | | Long-term bond investments due within one year | | | | | | | | | | | | | | | | |
| 17 | | | Other current assets | | | | | | | | | | | | | | | | |
| 18 | | | II . Long-term investment | | | | | | | | | | | | | | | | |
| 19 | | | III. Fixed assets | | | | | | | | | | | | | | | | |
| 20 | | | Original value of fixed assets | | | 257,674,882.56 | | | 257,674,882.56 | | | 296,972,947.57 | | | 39,298,065.01 | | | 15 | % |
| 21 | | | includingæFacilities | | | 184,828,824.71 | | | 184,828,824.71 | | | 208,586,908.38 | | | 23,758,083.67 | | | 13 | % |
| 22 | | | Buildings | | | 72,846,057.85 | | | 72,846,057.85 | | | 88,386,039.19 | | | 15,539,981.34 | | | 21 | % |
| 23 | | | Minus: accumulated depreciation | | | 50,135,149.63 | | | 50,135,149.63 | | | 50,135,149.63 | | | 0.00 | | | 0 | % |
| 24 | | | Net fixed assets | | | 207,539,732.93 | | | 207,539,732.93 | | | 242,349,126.28 | | | 34,809,393.35 | | | 17 | % |
| 25 | | | including: Facilities | | | 143,754,344.28 | | | 143,754,344.28 | | | 163,023,737.63 | | | 19,269,393.35 | | | 13 | % |
| 26 | | | Buildings | | | 63,785,388.65 | | | 63,785,388.65 | | | 79,325,388.65 | | | 15,540,000.00 | | | 24.36 | % |
| 27 | | | Construction material | | | | | | | | | | | | | | | | |
| 28 | | | Construction in process | | | | | | | | | | | | | | | | |
| 29 | | | Disposal of fixed assets | | | | | | | | | | | | | | | | |
| 30 | | | Net loss of fixed assets pending disposal | | | | | | | | | | | | | | | | |
| 31 | | | Total intangible assets | | | 14,075,192.34 | | | 14,075,192.34 | | | 24,456,345.00 | | | 10,381,152.66 | | | 74 | % |
| 32 | | | including: Land use right | | | 14,075,192.34 | | | 14,075,192.34 | | | 24,456,345.00 | | | 10,381,152.66 | | | 74 | % |
| 33 | | | Other intangible assets | | | | | | | | | | | | | | | | |
| 34 | | | Deferred assets | | | | | | | | | | | | | | | | |
| 35 | | | Organization expense | | | | | | | | | | | | | | | | |
| 36 | | | Long-term deferred expenses | | | | | | | | | | | | | | | | |
| 37 | | | Other long-term assets | | | | | | | | | | | | | | | | |
| 38 | | | Deferred tax debit | | | | | | | | | | | | | | | | |
| 39 | | | Total assets | | | 569,002,861.53 | | | 569,002,861.53 | | | 641,701,580.83 | | | 72,698,719.30 | | | 13 | % |
| 40 | | | Total current liabilities | | | 383,767,207.14 | | | 383,767,207.14 | | | 383,767,207.14 | | | 0.00 | | | 0 | % |
| 41 | | | Short-term loans | | | 236,230,000.00 | | | 236,230,000.00 | | | 236,230,000.00 | | | 0.00 | | | 0 | % |
| 42 | | | Notes payable | | | 63,600,000.00 | | | 63,600,000.00 | | | 63,600,000.00 | | | 0.00 | | | 0 | % |
| 43 | | | Accounts payable | | | 23,414,791.63 | | | 23,414,791.63 | | | 23,414,791.63 | | | 0.00 | | | 0 | % |
| 44 | | | Advance from customers | | | 8,530,435.51 | | | 8,530,435.51 | | | 8,530,435.51 | | | 0.00 | | | 0 | % |
| 45 | | | Accounts of consigned goods | | | | | | | | | | | | | | | | |
| 46 | | | Other accounts payable | | | 1,636,182.35 | | | 1,636,182.35 | | | 1,636,182.35 | | | 0.00 | | | 0 | % |
| 47 | | | Wages payable | | | 5,541,124.46 | | | 5,541,124.46 | | | 5,541,124.46 | | | 0.00 | | | 0 | % |
| 48 | | | Welfare payable | | | | | | | | | | | | | | | | |
| 49 | | | Taxes payable | | | 42,056,174.09 | | | 42,056,174.09 | | | 42,056,174.09 | | | 0.00 | | | 0 | % |
| 50 | | | Retirement pension | | | | | | | | | | | | | | | | |
| 51 | | | Other fund unpaid | | | | | | | | | | | | | | | | |
| 52 | | | Accured expenses | | | | | | | | | | | | | | | | |
| 53 | | | Long-term loans due within one year | | | | | | | | | | | | | | | | |
| 54 | | | Other current liabilities | | | 2,758,499.10 | | | 2,758,499.10 | | | 2,758,499.10 | | | 0.00 | | | 0 | % |
| 55 | | | Total long-term liabilities | | | 16,000,000.00 | | | 16,000,000.00 | | | 16,000,000.00 | | | 0.00 | | | 0 | % |
| 56 | | | Long-term loans | | | | | | | | | | | | | | | | |
| 57 | | | Bonds payable | | | | | | | | | | | | | | | | |
| 58 | | | Long-term payable | | | 16,000,000.00 | | | 16,000,000.00 | | | 16,000,000.00 | | | 0.00 | | | 0 | % |
| 59 | | | Housing working fund | | | | | | | | | | | | | | | | |
| 60 | | | Other long-term liabilities | | | | | | | | | | | | | | | | |
| 61 | | | Deferred tax credit | | | | | | | | | | | | | | | | |
| 62 | | | Total liabilities | | | 399,767,207.14 | | | 399,767,207.14 | | | 399,767,207.14 | | | 0.00 | | | 0 | % |
| 63 | | | Net assets | | | 169,235,654.39 | | | 169,235,654.39 | | | 241,934,373.69 | | | 72,698,719.30 | | | 43 | % |
| Appraisal firm: | Signature of certified assets appraiser: | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | Unit: RMB/Yuan | |
| | | | | | | | | | | | |
| No. | | Item | | Book Value | | Adjusted Book Value | | Appraisal Value | | Increased Value | | Increase Rate% | |
| 3-1 | | | Monetary fund | | | 86,100,077.66 | | | 86,100,077.66 | | | 86,100,077.66 | | | 0.00 | | | 0 | % |
| 3-2 | | | Short-term investment | | | | | | | | | | | | | | | | |
| 3-3 | | | Notes receivable | | | 4,196,149.80 | | | 4,196,149.80 | | | 4,196,149.80 | | | 0.00 | | | 0 | % |
| 3-4 | | | Accounts receivable | | | 134,421,606.09 | | | 134,421,606.09 | | | 134,421,606.09 | | | 0.00 | | | 0 | % |
| 3-4 | | | Minus: Reserves for bad debts | | | 1,069,670.88 | | | 1,069,670.88 | | | 0.00 | | | -1,069,670.88 | | | -100 | % |
| 3-4 | | | Net accounts receivable | | | 133,351,935.21 | | | 133,351,935.21 | | | 134,421,606.09 | | | 1,069,670.88 | | | 1 | % |
| 3-5 | | | Dividend receivable | | | | | | | | | | | | | | | | |
| 3-6 | | | Interest receivable | | | | | | | | | | | | | | | | |
| 3-7 | | | Prepaid expenses | | | 24,222,810.52 | | | 24,222,810.52 | | | 24,222,810.52 | | | 0.00 | | | 0 | % |
| 3-8 | | | Subsidy receivable | | | | | | | | | | | | | | | | |
| 3-9 | | | Other receivables | | | 2,096,602.50 | | | 2,096,602.50 | | | 2,096,602.50 | | | 0.00 | | | 0 | % |
| 3-10 | | | Inventories | | | 97,420,360.57 | | | 97,420,360.57 | | | 123,858,862.98 | | | 26,438,502.41 | | | 27 | % |
| 3-11 | | | Prepaid expense | | | | | | | | | | | | | | | | |
| 3-12 | | | Net loss of current-assets pending disposal | | | | | | | | | | | | | | | | |
| 3-13 | | | Long-term bond investments due within one year | | | | | | | | | | | | | | | | |
| 3-14 | | | Other current assets | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| 3 | | | Total current assets | | | 347,387,936.26 | | | 347,387,936.26 | | | 374,896,109.55 | | | 27,508,173.29 | | | 8 | % |
| | | | | | | | | | | | | | | | | |
| Filled by : Yang Shu Hang | | | | | | | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | | | | | | | |
| Assets owner : Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | Unit: RMB/Yuan |
| | | | | | | | | | | | | | | |
| No. | | Department for Storage (Unit) | | Currency | | Book Exchange Rate of Foreign Currency | | Book Value | | Adjusted Book Value | | Appraisal Value | | Increase Rate% |
| 1 | | Financial Department | | RMB | | | | 20,533.60 | | 20,533.60 | | 20,533.60 | | |
| 2 | | | | | | | | | | | | | | |
| 3 | | | | | | | | | | | | | | |
| 4 | | | | | | | | | | | | | | |
| 5 | | | | | | | | | | | | | | |
| 6 | | | | | | | | | | | | | | |
| 7 | | | | | | | | | | | | | | |
| 8 | | | | | | | | | | | | | | |
| 9 | | | | | | | | | | | | | | |
| 10 | | | | | | | | | | | | | | |
| 11 | | | | | | | | | | | | | | |
| 12 | | | | | | | | | | | | | | |
| 13 | | | | | | | | | | | | | | |
| 14 | | | | | | | | | | | | | | |
| 15 | | | | | | | | | | | | | | |
| 16 | | | | | | | | | | | | | | |
| 17 | | | | | | | | | | | | | | |
| Total | | | | | | 20,533.60 | | 20,533.60 | | 20,533.60 | | |
| | | | | | | |
| Filled by : Yang Shu Hang | | | | | | Appraiser: Qi Su Xue |
| | | | | | | |
| Date of filling: March 27, 2007 | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | Unit: RMB/Yuan |
| No. | | Account Bank | | Account No. | | Currency | | Book Value of Foreign Currecny | | Exchange Rate at the Appraisal Benchmark Date | | Book Value | | Adjusted Book Value | | Appraisal Value | | Increase Rate% |
| 1 | | Agricultural Bank of China,Jinghai County, Daqiuzhuang Branch | | 71201040006858 | | RMB | | | | | | 24,878,078.04 | | 24,878,078.04 | | 24,878,078.04 | | |
| | | | | | | | | | | | | | | | | | | |
| 2 | | Bank of China, Jinghai Branch | | 7546008093001 | | RMB | | | | | | 2,504,588.13 | | 2,504,588.13 | | 2,504,588.13 | | |
| | | | | | | | | | | | | | | | | | | |
| 3 | | China Industrial and Commercial Bank, Jinghai Branch, Daqiuzhuang Local Branch | | 95209103534991 | | RMB | | | | | | 2,887,345.41 | | 2,887,345.41 | | 2,887,345.41 | | |
| | | | | | | | | | | | | | | | | | | |
| 4 | | China Construction Bank, Jinghai Branch | | 221000263012927 | | RMB | | | | | | 2,038,572.76 | | 2,038,572.76 | | 2,038,572.76 | | |
| | | | | | | | | | | | | | | | | | | |
| 5 | | Shenzhen Development Bank, Tianjin Branch | | 11006502487801 | | RMB | | | | | | 15,053,468.79 | | 15,053,468.79 | | 15,053,468.79 | | |
| | | | | | | | | | | | | | | | | | | |
| 6 | | Shanghai Pudong Development Bank, Tianjin Branch, Putai Subbranch | | 126986-4111000616 | | RMB | | | | | | 5,645,946.62 | | 5,645,946.62 | | 5,645,946.62 | | |
| | | | | | | | | | | | | | | | | | | |
| 7 | | China Merchant Bank, Pingshandao Brach | | 5580321610001 | | RMB | | | | | | 58,127.11 | | 58,127.11 | | 58,127.11 | | |
| | | | | | | | | | | | | | | | | | | |
| 8 | | Tianjin City Commercial Bank, Xiqing Brach | | 6012010038829 | | RMB | | | | | | 6,214.76 | | 6,214.76 | | 6,214.76 | | |
| | | | | | | | | | | | | | | | | | | |
| 9 | | Agricultural Bank of China (Deposit) | | 71201040015768 | | RMB | | | | | | 7,200,000.00 | | 7,200,000.00 | | 7,200,000.00 | | |
| | | | | | | | | | | | | | | | | | | |
| 10 | | Bank of China (Deposit) | | 7546008401001 | | RMB | | | | | | 5,800,000.00 | | 5,800,000.00 | | 5,800,000.00 | | |
| | | | | | | | | | | | | | | | | | | |
| 11 | | Shanghai Pudong Development Bank(Deposit) | | 770701587000010 | | RMB | | | | | | 20,007,202.44 | | 20,007,202.44 | | 20,007,202.44 | | |
| | | | | | | | | | | | | | | | | | | |
| 12 | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
| 13 | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
| 14 | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
| 15 | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
| 16 | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
| 17 | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
| Total | | | | | | | | | | 86,079,544.06 | | 86,079,544.06 | | 86,079,544.06 | | |
| | | | | | | | | | | | | | | | | |
| Filled by : Yang Shu Hang | | | | | | Appraiser: Qi Su Xue |
| Date of filling: March 27, 2007 | | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | | | Unit: RMB/Yuan | |
| | | | | | | | | | | | |
| No. | | Account name (Balance Recipient) | | Issue Date | | Maturity Date | | Book Value | | Adjusted Book Value | | Appraisal Value | | Increase Rate% | | Remark | |
| 1 | | Dalian CIMC Containers Co., Ltd. | | | 06.10.07 | | | 07.1.07 | | | 2,496,149.80 | | | 2,496,149.80 | | | 2,496,149.80 | | | | | | | |
| 2 | | Tianjin Shenda Industry and Trade Co., Ltd. | | | 06.12.26 | | | 07.6.26 | | | 500,000.00 | | | 500,000.00 | | | 500,000.00 | | | | | | | |
| 3 | | Shandong Jining Tonghui Commercial Trading Co., Ltd. | | | 06.12.27 | | | 07.6.25 | | | 500,000.00 | | | 500,000.00 | | | 500,000.00 | | | | | | | |
| 4 | | Shandong Gaomi Xinfeng Supply Materials Co., Ltd. | | | 06.9.26 | | | 06.3.25 | | | 200,000.00 | | | 200,000.00 | | | 200,000.00 | | | | | | | |
| 5 | | Shandong Gaomi Xinfeng Supply Materials Co., Ltd. | | | 06.11.14 | | | 07.4.14 | | | 200,000.00 | | | 200,000.00 | | | 200,000.00 | | | | | | | |
| 6 | | Shandong Gaomi Xinfeng Supply Materials Co., Ltd. | | | 06.10.31 | | | 07.4.3 | | | 100,000.00 | | | 100,000.00 | | | 100,000.00 | | | | | | | |
| 7 | | Tianjin Beihua Industrial Trading Co., Ltd. | | | 06.9.26 | | | 07.3.26 | | | 80,000.00 | | | 80,000.00 | | | 80,000.00 | | | | | | | |
| 8 | | Tianjin Beihua Industrial Trading Co., Ltd. | | | 06.11.07 | | | 07.5.07 | | | 20,000.00 | | | 20,000.00 | | | 20,000.00 | | | | | | | |
| 9 | | Tianjin Beihua Industrial Trading Co., Ltd. | | | 06.10.17 | | | 07.4.16 | | | 50,000.00 | | | 50,000.00 | | | 50,000.00 | | | | | | | |
| 10 | | Tianjin Beihua Industrial Trading Co., Ltd. | | | 06.9.29 | | | 07.3.29 | | | 50,000.00 | | | 50,000.00 | | | 50,000.00 | | | | | | | |
| 11 | | | | | | | | | | | | | | | | | | | | | | | | |
| 12 | | | | | | | | | | | | | | | | | | | | | | | | |
| 13 | | | | | | | | | | | | | | | | | | | | | | | | |
| 14 | | | | | | | | | | | | | | | | | | | | | | | | |
| 15 | | | | | | | | | | | | | | | | | | | | | | | | |
| 16 | | | | | | | | | | | | | | | | | | | | | | | | |
| 17 | | | | | | | | | | | | | | | | | | | | | | | | |
| 18 | | | | | | | | | | | | | | | | | | | | | | | | |
| 19 | | | | | | | | | | | | | | | | | | | | | | | | |
| 20 | | | | | | | | | | | | | | | | | | | | | | | | |
| Subtotal for This Page | | | | | | | | | 4,196,149.80 | | | 4,196,149.80 | | | 4,196,149.80 | | | | | | | |
| Total | | | | | | | | | 4,196,149.80 | | | 4,196,149.80 | | | 4,196,149.80 | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
| Filled by : Yang Shu Hang | | | | | | | | | | | | | | | Appraiser: Qi Su Xue |
| | | | | | | | | | | | | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | | | | | | | | | | | | | |
| Assets owner:Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | Unit: RMB/Yuan |
| | | | | | | |
| No. | | Arrearage Company | | Business Description | | Account Age | | Book Value | | Adjusted Book Value | | Appraisal Value | | Increase Rate% | | Remark |
| 1 | | Shandong GaomiXinfeng Supply Materials Co., Ltd. | | Payment for goods | | Less than three months | | 9,994,892.69 | | 9,994,892.69 | | 9,994,892.69 | | | | |
| 2 | | Shandong Zibo Zhoucun Jinzhou Supply Materials Co., Ltd. | | Payment for goods | | Less than three months | | 9,946,870.23 | | 9,946,870.23 | | 9,946,870.23 | | | | |
| 3 | | Henan Yuanyang Jinxin Metal Sheet Co., Ltd. | | Payment for goods | | Less than three months | | 9,899,493.01 | | 9,899,493.01 | | 9,899,493.01 | | | | |
| 4 | | Tianjin Yongxinyuan Industry and Trade Co., Ltd. | | Payment for goods | | Less than three months | | 9,491,447.79 | | 9,491,447.79 | | 9,491,447.79 | | | | |
| 5 | | Tianjin Beihua Industrial Trading Co., Ltd. | | Payment for goods | | Less than three months | | 18,782,815.91 | | 18,782,815.91 | | 18,782,815.91 | | | | |
| 6 | | Tianjin Lixiang Business and Trade Co.,Ltd. | | Payment for goods | | Less than three months | | 5,979,292.63 | | 5,979,292.63 | | 5,979,292.63 | | | | |
| 7 | | Tianjin Qiugang Steel Market Co.,Ltd. | | Payment for goods | | Less than three months | | 5,038,147.98 | | 5,038,147.98 | | 5,038,147.98 | | | | |
| 8 | | Baotou Shengda Steelpipe Co.,Ltd. | | Payment for goods | | Less than three months | | 3,177,477.10 | | 3,177,477.10 | | 3,177,477.10 | | | | |
| 9 | | Tianjin Jinquan Casting. Co., Ltd. | | Payment for goods | | Less than three months | | 2,845,824.98 | | 2,845,824.98 | | 2,845,824.98 | | | | |
| 10 | | Shangdong Shifeng Group Co.,Ltd. | | Payment for goods | | Less than three months | | 1,899,072.58 | | 1,899,072.58 | | 1,899,072.58 | | | | |
| 11 | | Beijing Shougang Company Limited, Huaxia International Trade Co.,Ltd. | | Payment for goods | | Less than three months | | 888,634.60 | | 888,634.60 | | 888,634.60 | | | | |
| 12 | | Gaocheng Shunfa Casting Processing Plant | | Payment for goods | | Less than three months | | 186,257.04 | | 186,257.04 | | 186,257.04 | | | | |
| 13 | | Tianjin Dagang Binhai Tool Facotry | | Payment for goods | | Less than three months | | 35,080.50 | | 35,080.50 | | 35,080.50 | | | | |
| 14 | | Changchun Jiecheng Economy and Trade Co.,Ltd. | | Payment for goods | | Less than three months | | 24,687.05 | | 24,687.05 | | 24,687.05 | | | | |
| 15 | | Tianjin Shengze Industry and Trade Co., Ltd. | | Payment for goods | | Less than three months | | 9,660,080.00 | | 9,660,080.00 | | 9,660,080.00 | | | | |
| 16 | | Shanghai Qiugang Sheet Metal Co.,Ltd. | | Payment for goods | | Less than three months | | 4,400,000.00 | | 4,400,000.00 | | 4,400,000.00 | | | | |
| 17 | | Tianjin Hengying Business and Trade Co.,Ltd. | | Payment for goods | | Less than three months | | 34,396,627.00 | | 34,396,627.00 | | 34,396,627.00 | | | | |
| 18 | | Tianjin Dazhan Industry Co.,Ltd. | | Payment for goods | | Less than three months | | 2,561,572.00 | | 2,561,572.00 | | 2,561,572.00 | | | | |
| 19 | | Shenyang Liaodu | | Payment for goods | | Less than three months | | 99,999.00 | | 99,999.00 | | 99,999.00 | | | | |
| 20 | | Jiangsu Suyan | | Payment for goods | | Less than three months | | 5,093,334.00 | | 5,093,334.00 | | 5,093,334.00 | | | | |
| 21 | | Shandong Liaocheng Xinda Steel Products Co., Ltd. | | Payment for goods | | Less than three months | | 20,000.00 | | 20,000.00 | | 20,000.00 | | | | |
| Total | | | | | | 134,421,606.09 | | 134,421,606.09 | | 134,421,606.09 | | | | |
| | | | | | | | | | | | | | | |
| Filled by :Yang Shu Hang | | | | | | | | | | Appraiser: Qi Su Xue |
| | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | Unit: RMB/Yuan | |
| | | | | | | | | | | | | | | | | | |
| No. | | Arrearage Company | | Business Description | | Account Age | | Book Value | | Adjusted Book Value | | Appraisal Value | | Increase Rate% | | Remark | |
| 1 | | | Tianjin Jinghai Electricity Distribution Limited,Daqiuzhuang Electric Distribution Office | | | Loan | | | Less than three months | | | 595,000.00 | | | 595,000.00 | | | 595,000.00 | | | | | | | |
| 2 | | | Tianjin Wendlar Enterprise Management Service Co.,Ltd. | | | Loan | | | Less than three months | | | 882,670.00 | | | 882,670.00 | | | 882,670.00 | | | | | | | |
| 3 | | | Labor insurance | | | Loan | | | Less than three months | | | 79,664.56 | | | 79,664.56 | | | 79,664.56 | | | | | | | |
| 4 | | | Qin Lian | | | Loan | | | Less than three months | | | 16,000.00 | | | 16,000.00 | | | 16,000.00 | | | | | | | |
| 5 | | | Liu Yu Min | | | Loan | | | Less than three months | | | 45,830.00 | | | 45,830.00 | | | 45,830.00 | | | | | | | |
| 6 | | | Yang Zhan Xiang | | | Loan | | | Less than three months | | | 44,996.00 | | | 44,996.00 | | | 44,996.00 | | | | | | | |
| 7 | | | Han Guo Shuang | | | Loan | | | Less than three months | | | 44,162.00 | | | 44,162.00 | | | 44,162.00 | | | | | | | |
| 8 | | | Zhou Ke Mao | | | Loan | | | Less than three months | | | 22,000.00 | | | 22,000.00 | | | 22,000.00 | | | | | | | |
| 9 | | | Zhang Jia Sheng | | | Loan | | | Less than three months | | | 44,162.00 | | | 44,162.00 | | | 44,162.00 | | | | | | | |
| 10 | | | Zhang Jian Bin | | | Loan | | | Less than three months | | | 26,874.49 | | | 26,874.49 | | | 26,874.49 | | | | | | | |
| 11 | | | Li Feng Jun | | | Loan | | | Less than three months | | | 6,100.45 | | | 6,100.45 | | | 6,100.45 | | | | | | | |
| 12 | | | Yuan Ze Jiu | | | Loan | | | Less than three months | | | 36,655.00 | | | 36,655.00 | | | 36,655.00 | | | | | | | |
| 13 | | | Li Zhi Ming | | | Loan | | | Less than three months | | | 48,988.00 | | | 48,988.00 | | | 48,988.00 | | | | | | | |
| 14 | | | Li Shu Ji | | | Loan | | | Less than three months | | | 61,000.00 | | | 61,000.00 | | | 61,000.00 | | | | | | | |
| 15 | | | Deng Gang | | | Loan | | | Less than three months | | | 38,500.00 | | | 38,500.00 | | | 38,500.00 | | | | | | | |
| 16 | | | Han Jin Fa | | | Loan | | | Less than three months | | | 52,000.00 | | | 52,000.00 | | | 52,000.00 | | | | | | | |
| 17 | | | Yang Shu Hang | | | Loan | | | Less than three months | | | 46,000.00 | | | 46,000.00 | | | 46,000.00 | | | | | | | |
| 18 | | | Gao Peng | | | Loan | | | Less than three months | | | 6,000.00 | | | 6,000.00 | | | 6,000.00 | | | | | | | |
| | | | Total | | | | | | | | | 2,096,602.50 | | | 2,096,602.50 | | | 2,096,602.50 | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| Filled by : Yang Shu Hang | | | | | | | | | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | | | Appraiser: Qi Su Xue | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | Unit: RMB/Yuan |
| | | | | | | |
| No. | | Arrearage Company | | Business Description | | Account Age | | Book Value | | Adjusted Book Value | | Appraisal Value | | Increase Rate% | | Remark |
| 1 | | Tangshan Songting Iron&Steel Co.,Ltd. | | Payment for goods | | Less than three months | | 67,745.70 | | 67,745.70 | | 67,745.70 | | | | |
| 2 | | Tianjin Xili Iron&Steel Co.,Ltd. | | Payment for goods | | Less than three months | | 2,015,045.80 | | 2,015,045.80 | | 2,015,045.80 | | | | |
| 3 | | Tangshan Ruifeng Iron&Steel Band Co.,Ltd. | | Payment for goods | | Less than three months | | 226,581.83 | | 226,581.83 | | 226,581.83 | | | | |
| 4 | | Tianjin Qixiang Industry and Trade Co.,Ltd. | | Payment for goods | | Less than three months | | 3,050,000.00 | | 3,050,000.00 | | 3,050,000.00 | | | | |
| 5 | | Tianjin Rongchengxiang International Trade Co.,Ltd. | | Payment for goods | | Less than three months | | 2,111,664.25 | | 2,111,664.25 | | 2,111,664.25 | | | | |
| 6 | | Tianjin Zhenghai Coal Industry Co.,Ltd. | | Payment for goods | | Less than three months | | 1,063,295.28 | | 1,063,295.28 | | 1,063,295.28 | | | | |
| 7 | | Tianjin Jinghai County Yingzhen Coal Plant | | Payment for goods | | Less than three months | | 300.00 | | 300.00 | | 300.00 | | | | |
| 8 | | Jinan InSteel Group, Feicheng Iron and Steel Co.,Ltd. | | Payment for goods | | Less than three months | | 87,941.00 | | 87,941.00 | | 87,941.00 | | | | |
| 9 | | Shanghai Dalong Chain Factory Co.,ltd. | | Payment for goods | | Less than three months | | 146,700.00 | | 146,700.00 | | 146,700.00 | | | | |
| 10 | | China Petroleum & Chemical Corporation | | Payment for goods | | Less than three months | | 3,228.83 | | 3,228.83 | | 3,228.83 | | | | |
| 11 | | Xingtai Yilong Metallurgical Euipments Co.,Ltd. | | Payment for goods | | Less than three months | | 86,932.05 | | 86,932.05 | | 86,932.05 | | | | |
| 12 | | Tianjin Jinmeida Knitting Group Co., Ltd. | | Payment for goods | | Less than three months | | 168,627.17 | | 168,627.17 | | 168,627.17 | | | | |
| 13 | | | | Payment for goods | | Less than three months | | 92,000.00 | | 92,000.00 | | 92,000.00 | | | | |
| 14 | | Tianjin Renlida Lifting Equipments Co., Ltd. | | Payment for goods | | Less than three months | | 57,000.00 | | 57,000.00 | | 57,000.00 | | | | |
| 15 | | Shenyang Electrical Motor Co.,Ltd. | | Payment for goods | | Less than three months | | 320,000.00 | | 320,000.00 | | 320,000.00 | | | | |
| 16 | | Tianjin Jinghai County Hengda Business and Trade Co., Ltd. | | Payment for goods | | Less than three months | | 300.00 | | 300.00 | | 300.00 | | | | |
| Subtotal for This Page | | | | | | 9,497,361.91 | | 9,497,361.91 | | 9,497,361.91 | | | | |
| | | | | | | | | | | | | | | |
| Filled by :Yang Shu Hang | | | | | | | | | | Appraiser: Qi Su Xue |
| | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd . | | | | | | Unit: RMB/Yuan |
| | | | | | | | | |
| No. | | Arrearage Company | | Business Description | | Account Age | | Book Value | | Adjusted Book Value | | Appraisal Value | | Increase Rate% | | Remark |
| 17 | | Zhongxin Heavy Machinery Industry Head Corporation | | Payment for goods | | Less than three months | | 199,332.00 | | 199,332.00 | | 199,332.00 | | | | |
| 18 | | Tianjin Jinqi Lifting Equipments Co., Ltd. | | Payment for goods | | Less than three months | | 358,116.48 | | 358,116.48 | | 358,116.48 | | | | |
| 19 | | Tianjin Zhanzhi Electrical Moter Maintenance Factory | | Payment for goods | | Three-six months | | 29,000.00 | | 29,000.00 | | 29,000.00 | | | | |
| 20 | | Tianjin Renai Industry and Trade Development Corporation | | Payment for goods | | Less than three months | | 8,000,000.00 | | 8,000,000.00 | | 8,000,000.00 | | | | |
| 21 | | Tianjin Wendlar Enterprise Management Co., Ltd. | | Rent | | Less than three months | | 2,119,150.00 | | 2,119,150.00 | | 2,119,150.00 | | | | |
| 22 | | Cuizhuangzi Village Committee | | Land use right | | Less than three months | | 4,019,850.13 | | 4,019,850.13 | | 4,019,850.13 | | | | |
| 23 | | | | | | | | | | | | | | | | |
| 24 | | | | | | | | | | | | | | | | |
| 25 | | | | | | | | | | | | | | | | |
| 26 | | | | | | | | | | | | | | | | |
| 27 | | | | | | | | | | | | | | | | |
| 28 | | | | | | | | | | | | | | | | |
| 29 | | | | | | | | | | | | | | | | |
| 30 | | | | | | | | | | | | | | | | |
| 31 | | | | | | | | | | | | | | | | |
| 32 | | | | | | | | | | | | | | | | |
| Subtotal for This Page | | | | | | 14,725,448.61 | | 14,725,448.61 | | 14,725,448.61 | | | | |
| Total | | | | | | 24,222,810.52 | | 24,222,810.52 | | 24,222,810.52 | | | | |
| | | | | | | | | | | | | | | |
| Filled by :Yang Shu Hang | | | | | | | | | | Appraiser: Qi Su Xue |
| | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | Unit: RMB/Yuan | |
| | | | | | | | |
| No. | | Item | | Book Value | | Adjusted Book Value | | Appraisal Value | | Increased Value | | Increase Rate% | |
3-10-1 | | Raw Materials | | 22,052,475.23 | | 22,052,475.23 | | 22,052,475.23 | | 0.00 | | 0 | % |
3-10-2 | | Materials Purchasing | | | | | | | | | | | |
3-10-3 | | Easily Exhausted Product with Low Value in Stock | | 8,282,161.75 | | 8,282,161.75 | | 8,282,161.75 | | 0.00 | | 0 | % |
3-10-4 | | Packing Materials | | | | | | | | | | | |
3-10-5 | | Consigned Processing Materials | | | | | | | | | | | |
3-10-6 | | Finnished products | | 8,905,680.00 | | 8,905,680.00 | | 12,415,411.00 | | 3,509,731.00 | | 39 | % |
3-10-7 | | Products in process | | 58,180,043.59 | | 58,180,043.59 | | 81,108,815.00 | | 22,928,771.41 | | 39 | % |
3-10-8 | | Delivered goods by installment | | | | | | | | | | | |
3-10-9 | | Easily Exhausted Product with Low Value in Use | | | | | | | | | | | |
3-10-10 | | Consigned goods | | | | | | | | | | | |
3-10-11 | | Consigned goods | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | Total Inventory | | 97,420,360.57 | | 97,420,360.57 | | 123,858,862.98 | | 26,438,502.41 | | 27 | % |
| | | Minus: Reserves for inventory devaluation | | | | | | | | | | | |
| | | Net Inventory | | 97,420,360.57 | | 97,420,360.57 | | 123,858,862.98 | | 26,438,502.41 | | 27 | % |
| | | | | |
| Filled by :Yang Shu Hang | | | Appraiser: Qi Su Xue | |
Date of filling: March 27, 2007
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | Unit: RMB/Yuan | |
| | | | | | | | | | | | | | | | | | |
| | | | | | | Book Value | | | | | | Appraisal Value | | | | | |
| No. | | Name and Specification | | Measurement Unit | | Quantity | | Unit Price | | Sum | | Ajusted Book Value | | Real Quantitiy | | Unit Price | | Sum | | Increase Rate% | | Remark | |
| 1 | | | Billet | | | tons | | | 7923723 | | | 2,702.27 | | | 21412028.53 | | | 21412028.53 | | | 7923723 | | | 2,702.27 | | | 21412028.53 | | | | | | | |
| 2 | | | Coal | | | tons | | | 349534 | | | 550.00 | | | 192243.70 | | | 192243.70 | | | 349534 | | | 550.00 | | | 192243.70 | | | | | | | |
| 3 | | | Coke | | | tons | | | 2.77 | | | 1,500.00 | | | 4155.00 | | | 4155.00 | | | 2.77 | | | 1,500.00 | | | 4155.00 | | | | | | | |
| 4 | | | Pitch | | | tons | | | 185.02 | | | 2,400.00 | | | 444048.00 | | | 444048.00 | | | 185.02 | | | 2,400.00 | | | 444048.00 | | | | | | | |
| 5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 9 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 10 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 11 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 12 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 13 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 14 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 15 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Total | | | | | | | | | | | | 22,052,475.23 | | | 22,052,475.23 | | | | | | | | | 22,052,475.23 | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Filled by : Yang Shu Hang | | | | | | | | | | | | | | | | | | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Date of filling: March 27, 2007 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | | | | | | | | | Unit: RMB/Yuan | |
| | | | Measurement | | Book Value | | Ajusted | | Real | | Appraisal Value | | Increase | | | |
| No. | | Name and Specification | | Unit | | Quantity | | Unit Price | | Sum | | Book Value | | Quantitiy | | Unit Price | | Sum | | Rate% | | Remark | |
| 1 | | | Roller | | | Gen | | | 113 | | | 50,000.00 | | | 5650000.00 | | | 5650000.00 | | | 113 | | | 50,000.00 | | | 5650000.00 | | | | | | | |
| 2 | | | Temper Hood | | | Jian | | | 42 | | | 30,000.00 | | | 1260000.00 | | | 1260000.00 | | | 42 | | | 30,000.00 | | | 1260000.00 | | | | | | | |
| 3 | | | High Speed Shaft | | | Gen | | | 5 | | | 200,000.00 | | | 1000000.00 | | | 1000000.00 | | | 5 | | | 200,000.00 | | | 1000000.00 | | | | | | | |
| 4 | | | Hardware Components | | | | | | | | | | | | 372161.75 | | | 372161.75 | | | | | | | | | 372161.75 | | | | | | | |
| 5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 9 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 10 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 11 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 12 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 13 | | | | | | | | | | | | | | | 39,224.00 | | | | | | | | | | | | | | | | | | | |
| 14 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 15 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Total | | | | | | | | | | | | 8,321,385.75 | | | 8,282,161.75 | | | | | | | | | 8,282,161.75 | | | | | | | |
| Filled by: Yang Shu Hang | | | | | | | | | | | | | | | | | | | | | | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | | | Unit: RMB/Yuan | |
| | | | | Measurement | | Book Value | | Ajusted Book | | Real | | Appraisal Value | | Increase | | | |
| No. | | Name and Specification | | Unit | | Quantity | | Unit Price | | Sum | | Value | | Quantitiy | | Unit Price | | Sum | | Rate% | | Remark | |
| 1 | | Metal Sheet | | Tons | | 2789.98 | | 3,192.00 | | 8905680.00 | | 8905680.00 | | 2789.98 | | 4,450.00 | | 12415411.00 | | | | | |
| 2 | | | | | | | | | | | | | | | | | | | | | | | |
| 3 | | | | | | | | | | | | | | | | | | | | | | | |
| 4 | | | | | | | | | | | | | | | | | | | | | | | |
| 5 | | | | | | | | | | | | | | | | | | | | | | | |
| 6 | | | | | | | | | | | | | | | | | | | | | | | |
| 7 | | | | | | | | | | | | | | | | | | | | | | | |
| 8 | | | | | | | | | | | | | | | | | | | | | | | |
| 9 | | | | | | | | | | | | | | | | | | | | | | | |
| 10 | | | | | | | | | | | | | | | | | | | | | | | |
| 11 | | | | | | | | | | | | | | | | | | | | | | | |
| 12 | | | | | | | | | | | | | | | | | | | | | | | |
| 13 | | | | | | | | | | | | | | | | | | | | | | | |
| 14 | | | | | | | | | | | | | | | | | | | | | | | |
| 15 | | | | | | | | | | | | | | | | | | | | | | | |
| Total | | | | | | | 8,905,680.00 | | 8,905,680.00 | | 0.00 | | | | 12,415,411.00 | | | | | |
| Filled by :Yang Shu Hang | | | | | | | | | | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | Unit: RMB/Yuan |
| | | | | | | Book Value | | | | | | Appraisal Value | | | | |
| No. | | | | | | Quantity | | Unit Price | | Sum | | | | | | Unit Price | | Sum | | Increase Rate% | | Remark |
| 1 | | Metal Sheet | | Tons | | 19186 | | 3,032.42 | | 58180043.59 | | 58180043.59 | | 19186 | | 4,227.50 | | 81108815.00 | | | | |
| 2 | | | | | | | | | | | | | | | | | | | | | | |
| 3 | | | | | | | | | | | | | | | | | | | | | | |
| 4 | | | | | | | | | | | | | | | | | | | | | | |
| 5 | | | | | | | | | | | | | | | | | | | | | | |
| 6 | | | | | | | | | | | | | | | | | | | | | | |
| 7 | | | | | | | | | | | | | | | | | | | | | | |
| 8 | | | | | | | | | | | | | | | | | | | | | | |
| 9 | | | | | | | | | | | | | | | | | | | | | | |
| 10 | | | | | | | | | | | | | | | | | | | | | | |
| 11 | | | | | | | | | | | | | | | | | | | | | | |
| 12 | | | | | | | | | | | | | | | | | | | | | | |
| 13 | | | | | | | | | | | | | | | | | | | | | | |
| 14 | | | | | | | | | | | | | | | | | | | | | | |
| 15 | | | | | | | | | | | | | | | | | | | | | | |
| Total | | | | | | | | 58,180,043.59 | | 58,180,043.59 | | 0.00 | | | | 81,108,815.00 | | | | |
| Filled by : Yang Shu Hang | | | | | Appraiser: Qi Su Xue |
| | | | | | |
| Date of filling: March 27, 2007 | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | Unit: RMB/Yuan |
| | | | | | | |
| | | | Book Value | | Adjusted Book Value | | Appraisal Value | | Increased Value | | Increase Rate | |
| No. | | Item | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Evaluated Value | | Original Value | | Net Value | | Original Value | | Net Value | |
| 5—1 | | | Total Buildings and Constructions | | | 72,846,057.85 | | | 63,785,388.65 | | | 72,846,057.85 | | | 63,785,388.65 | | | 88,386,039.19 | | | 79,325,388.65 | | | 15,539,981.34 | | | 15,540,000.00 | | | 21 | % | | 24 | % |
| 5—1—1 | | | Fixed assets-buildings and constructions | | | 72,846,057.85 | | | 63,785,388.65 | | | 72,846,057.85 | | | 63,785,388.65 | | | 88,386,039.19 | | | 79,325,388.65 | | | 15,539,981.34 | | | 15,540,000.00 | | | 21 | % | | 24 | % |
| 5—1—2 | | | Fixed Assets-buildings and other supporting facilities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 5—1—3 | | | Fixed assets-pipelines and grooves | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 5—2 | | | Total facilities | | | 184,828,824.71 | | | 143,754,344.28 | | | 184,828,824.71 | | | 143,754,344.28 | | | 208,586,908.38 | | | 163,023,737.63 | | | 23,758,083.67 | | | 19,269,393.35 | | | 13 | % | | 13 | % |
| 5—2—1 | | | Fixed assets-machine and equipment | | | 176,874,863.30 | | | 137,850,336.69 | | | 176,874,863.30 | | | 137,850,336.69 | | | 201,474,582.42 | | | 157,670,585.93 | | | 24,599,719.12 | | | 19,820,249.24 | | | 14 | % | | 14 | % |
| 5—2—2 | | | Fixed assets-vehicles | | | 4,418,405.20 | | | 3,448,997.29 | | | 4,418,405.20 | | | 3,448,997.29 | | | 4,200,092.96 | | | 3,292,538.92 | | | -218,312.24 | | | -156,458.37 | | | -5 | % | | -5 | % |
| 5—2—3 | | | Fixed assets-electronic equipment | | | 3,535,556.21 | | | 2,455,010.30 | | | 3,535,556.21 | | | 2,455,010.30 | | | 2,912,233.00 | | | 2,060,612.78 | | | -623,323.21 | | | -394,397.52 | | | -18 | % | | -16 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 5—3 | | | Construction materials | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 5—4 | | | Total construction in process | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 5—4—1 | | | Construction in process-Civil engineering | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 5—4—2 | | | Construction in process-equipment fixing engineering | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 5—5 | | | Disposal of fixed assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 5—6 | | | Net loss of fixed assets pending disposal | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 5 | | | Total fixed assets | | | 257,674,882.56 | | | 207,539,732.93 | | | 257,674,882.56 | | | 207,539,732.93 | | | 296,972,947.57 | | | 242,349,126.28 | | | 39,298,065.01 | | | 34,809,393.35 | | | 15 | % | | 17 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Filled by :Yang Shu Hang | | | | | | | | | | | | | | | | | | Appraiser: Qi Su Xue |
| | | | | | | | | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | Unit: RMB/Yuan |
| | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | | | |
| No. | | Building Name | | Structure | | Establishment Date | | Construction (m 2) | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 1 | | Cooling tower | | Brick-concrete | | 2000-12-30 | | | | | 90,000.00 | | | 55,080.00 | | | 90,000.00 | | | 55,080.00 | | | 90,000.00 | | | 61 | % | | 55,080.00 | | | | |
| 2 | | Elctrical motor room | | Brick-concrete | | 2001-09-01 | | 84.19m2 | | | 45,000.00 | | | 37,331.25 | | | 45,000.00 | | | 37,331.25 | | | 45,000.00 | | | 83 | % | | 37,331.25 | | | | |
| 3 | | Gas controlling room | | Brick-concrete | | 2003-12-30 | | 32m2 | | | 16,713.00 | | | 15,091.89 | | | 16,713.00 | | | 15,091.89 | | | 16,713.00 | | | 90 | % | | 15,091.89 | | | | |
| 4 | | Major facility base | | Concrete steel | | 2003-12-30 | | 2785.64m2 | | | 2,752,108.00 | | | 2,485,153.57 | | | 2,752,108.00 | | | 2,485,153.57 | | | 3,992,100.00 | | | 93 | % | | 3,725,153.57 | | | | |
| 5 | | Zhuxia Hotel | | Brick-concrete | | 2003-12-30 | | 2584.34m2 | | | 4,515,200.00 | | | 4,077,255.49 | | | 4,515,200.00 | | | 4,077,255.49 | | | 6,548,717.56 | | | 93 | % | | 6,090,307.33 | | | | |
| 6 | | Materials facotry | | Brick-concrete | | 2003-12-30 | | 2237.46m3 | | | 137,038.88 | | | 123,746.20 | | | 137,038.88 | | | 123,746.20 | | | 137,038.88 | | | 90 | % | | 123,746.20 | | | | |
| 7 | | Main plant | | Brick-concrete | | 2000-12-31 | | 14724.34m2 | | | 9,736,950.67 | | | 7,795,510.96 | | | 9,736,950.67 | | | 7,795,510.96 | | | 13,634,738.84 | | | 86 | % | | 11,725,875.40 | | | | |
| 8 | | Additional plant | | Brick-concrete | | 2000-10-01 | | 4974.79m2 | | | 3,621,378.90 | | | 2,950,478.42 | | | 3,621,378.90 | | | 2,950,478.42 | | | 5,091,378.90 | | | 87 | % | | 4,420,478.42 | | | | |
| 9 | | Complemental plant | | Brick-concrete | | 2000-10-01 | | 1205.28m2 | | | 819,583.60 | | | 656,167.80 | | | 819,583.60 | | | 656,167.80 | | | 819,583.60 | | | 80 | % | | 656,167.80 | | | | |
| 10 | | Garage | | Brick-concrete | | 2000-10-01 | | 325.2m2 | | | 221,561.46 | | | 177,384.55 | | | 221,561.46 | | | 177,384.55 | | | 221,561.46 | | | 80 | % | | 177,384.55 | | | | |
| 11 | | Staff dorm | | Brick-concrete | | 2000-10-01 | | 5191.43m2 | | | 1,641,257.00 | | | 1,314,008.49 | | | 1,641,257.00 | | | 1,314,008.49 | | | 1,641,257.00 | | | 80 | % | | 1,314,008.49 | | | | |
| 12 | | Road within the plant area | | | | 2000-10-01 | | | | | 319,266.80 | | | 128,292.04 | | | 319,266.80 | | | 128,292.04 | | | 319,266.80 | | | 40 | % | | 128,292.04 | | | | |
| 13 | | underground water pipe | | | | 2000-10-01 | | | | | 946,592.00 | | | 853,602.17 | | | 946,592.00 | | | 853,602.17 | | | 1,955,283.60 | | | 95 | % | | 1,850,185.89 | | | | |
| 14 | | Rockery | | Brick-concrete | | 2000-10-01 | | | | | 30,907.00 | | | 12,419.50 | | | 30,907.00 | | | 12,419.50 | | | 30,907.00 | | | 40 | % | | 12,419.50 | | | | |
| 15 | | Water tower | | Brick-concrete | | 2000-10-01 | | | | | 68,466.00 | | | 41,163.21 | | | 68,466.00 | | | 41,163.21 | | | 68,466.00 | | | 60 | % | | 41,163.21 | | | | |
| 16 | | Warehouse | | Brick-concrete | | 2000-10-01 | | 968.77m2 | | | 688,118.00 | | | 550,914.81 | | | 688,118.00 | | | 550,914.81 | | | 688,118.00 | | | 80 | % | | 550,914.81 | | | | |
| 17 | | New Toilet | | Brick-concrete | | 2000-10-01 | | 78.72m2 | | | 67,472.00 | | | 54,018.83 | | | 67,472.00 | | | 54,018.83 | | | 67,472.00 | | | 80 | % | | 54,018.83 | | | | |
| Subtotal for This Page | | 25,717,613.31 | | | 21,327,619.18 | | | 25,717,613.31 | | | 21,327,619.18 | | | 35,367,602.64 | | | | | | 30,977,619.18 | | | | |
| Filled by :Yang Shu Hang | | | Appraiser: Qi Su Xue |
| Date of filling: March 27, 2007 | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | Unit: RMB/Yuan |
| | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | |
| No. | | Building Name | | Structure | | Establishment Date | | Construction(m 2) | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 18 | | Enclosing wall newly built | | Brick-concrete | | 2000-10-01 | | 911.20m2 | | | 30,906.00 | | | 24,743.80 | | | 30,906.00 | | | 24,743.80 | | | 30,906.00 | | | 80 | % | | 24,743.80 | | | | |
| 19 | | Driven well | | | | 2000-10-01 | | | | | 113,604.00 | | | 68,301.24 | | | 113,604.00 | | | 68,301.24 | | | 113,604.00 | | | 60 | % | | 68,301.24 | | | | |
| 20 | | Apartment | | Brick-concrete | | 2000-10-01 | | 542 m2 | | | 305,744.00 | | | 244,782.05 | | | 305,744.00 | | | 244,782.05 | | | 305,744.00 | | | 80 | % | | 244,782.05 | | | | |
| 21 | | Office building | | Brick-concrete | | 2000-10-01 | | 857.6m2 | | | 2,128,959.99 | | | 1,704,469.13 | | | 2,128,959.99 | | | 1,704,469.13 | | | 2,978,960.00 | | | 86 | % | | 2,554,469.13 | | | | |
| 22 | | Western side Building | | Brick-concrete | | 2000-10-01 | | 212.54m2 | | | 166,621.90 | | | 133,399.43 | | | 166,621.90 | | | 133,399.43 | | | 166,621.90 | | | 80 | % | | 133,399.43 | | | | |
| 23 | | Garage | | Brick-concrete | | 2000-10-01 | | 145.56m2 | | | 114,099.70 | | | 91,349.40 | | | 114,099.70 | | | 91,349.40 | | | 114,099.70 | | | 80 | % | | 91,349.40 | | | | |
| 24 | | Garden | | Brick-concrete | | 2000-10-01 | | 448m2 | | | 158,332.00 | | | 126,762.28 | | | 158,332.00 | | | 126,762.28 | | | 158,332.00 | | | 80 | % | | 126,762.28 | | | | |
| 25 | | Road surface | | | | 2000-10-01 | | 1789.42m2 | | | 132,601.36 | | | 53,283.67 | | | 132,601.36 | | | 53,283.67 | | | 132,601.36 | | | 40 | % | | 53,283.67 | | | | |
| 26 | | Cafeteria | | Brick-concrete | | 2000-10-01 | | 300m2 | | | 861,006.10 | | | 689,331.12 | | | 861,006.10 | | | 689,331.12 | | | 861,006.10 | | | 80 | % | | 689,331.12 | | | | |
| 27 | | Gas station | | Brick-concrete | | 2000-10-01 | | 300m2 | | | 919,320.45 | | | 736,018.12 | | | 919,320.45 | | | 736,018.12 | | | 919,320.45 | | | 80 | % | | 736,018.12 | | | | |
| 28 | | Pangzhuangzi dorm | | Brick-concrete | | 2000-10-01 | | 715m2 | | | 141,584.00 | | | 113,353.73 | | | 141,584.00 | | | 113,353.73 | | | 141,584.00 | | | 80 | % | | 113,353.73 | | | | |
| 29 | | 20 buildings | | Brick-concrete | | 2000-10-01 | | 18113m2 | | | 352,505.00 | | | 282,219.38 | | | 352,505.00 | | | 282,219.38 | | | 352,505.00 | | | 80 | % | | 282,219.38 | | | | |
| 30 | | Materials plant | | Brick-concrete | | 2000-10-01 | | 6048m2 | | | 273,912.67 | | | 110,067.18 | | | 273,912.67 | | | 110,067.18 | | | 273,912.67 | | | 40 | % | | 110,067.18 | | | | |
| 31 | | Road surface | | Brick-concrete | | 2000-10-01 | | | | | 162,415.00 | | | 65,263.78 | | | 162,415.00 | | | 65,263.78 | | | 162,415.00 | | | 40 | % | | 65,263.78 | | | | |
| 32 | | Plant(No.1 workshop) | | Brick-concrete | | 2002-05-01 | | | | | 60,909.66 | | | 51,883.13 | | | 60,909.66 | | | 51,883.13 | | | 60,909.66 | | | 85 | % | | 51,883.13 | | | | |
| 33 | | Complemental plant | | Brick-concrete | | 2002-07-01 | | | | | 393,600.00 | | | 337,391.81 | | | 393,600.00 | | | 337,391.81 | | | 393,600.00 | | | 86 | % | | 337,391.81 | | | | |
| 34 | | Bicycle shed of No.2 workshop | | Brick-concrete | | 2003-05-01 | | | | | 49,500.00 | | | 43,764.87 | | | 49,500.00 | | | 43,764.87 | | | 49,500.00 | | | 88 | % | | 43,764.87 | | | | |
| Subtotal for This Page | | 6,365,621.83 | | | 4,876,384.12 | | | 6,365,621.83 | | | 4,876,384.12 | | | 7,215,621.84 | | | | | | 5,726,384.12 | | | | |
| Filled by :Yang Shu Hang | | | | Appraiser: Qi Su Xue |
| Date of filling: March 27, 2007 | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | Unit: RMB/Yuan |
| | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | |
| No. | | Building Name | | Structure | | Establishment Date | | Construction (m 2) | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 35 | | Gloriette | | Brick-concrete | | 2003-06-01 | | | | | 185,000.00 | | | 164,064.22 | | | 185,000.00 | | | 164,064.22 | | | 185,000.00 | | | 89 | % | | 164,064.22 | | | | |
| 36 | | Toilet of No.2 workshop | | | | 2003-09-30 | | | | | 50,000.00 | | | 44,611.16 | | | 50,000.00 | | | 44,611.16 | | | 50,000.00 | | | 89 | % | | 44,611.16 | | | | |
| 37 | | Staff dorm | | Brick-concrete | | 2003-09-30 | | | | | 134,262.00 | | | 120,153.34 | | | 134,262.00 | | | 120,153.34 | | | 134,262.00 | | | 89 | % | | 120,153.34 | | | | |
| 38 | | Plant | | Brick-concrete | | 2003-12-30 | | | | | 5,366,907.00 | | | 4,848,825.53 | | | 5,366,907.00 | | | 4,848,825.53 | | | 7,796,900.00 | | | 93 | % | | 7,278,825.53 | | | | |
| 39 | | Facility major base | | Brick-concrete | | 2005-07-31 | | 5760m2 | | | 5,251,341.00 | | | 3,219,178.55 | | | 5,251,341.00 | | | 3,219,178.55 | | | 6,861,340.00 | | | 70 | % | | 4,829,178.55 | | | | |
| 40 | | Sewage disposal system | | Brick-concrete | | 2005-11-30 | | | | | 759,604.00 | | | 655,221.79 | | | 759,604.00 | | | 655,221.79 | | | 1,759,604.00 | | | 94 | % | | 1,655,221.79 | | | | |
| 41 | | Bicycle shed(No.1 workshop) | | Brick-concrete | | 2000-10-01 | | 93m2 | | | 52,504.18 | | | 46,986.85 | | | 52,504.18 | | | 46,986.85 | | | 52,504.18 | | | 89 | % | | 46,986.85 | | | | |
| 42 | | Staff dorm | | | | 2005-12-31 | | | | | 606,000.00 | | | 586,406.04 | | | 606,000.00 | | | 586,406.04 | | | 606,000.00 | | | 97 | % | | 586,406.04 | | | | |
| 43 | | Sheet metal workshop | | Brick-concrete | | 2006-06-30 | | 19265.4m2 | | | 18,787,941.53 | | | 18,489,003.63 | | | 18,787,941.53 | | | 18,489,003.63 | | | 18,787,941.53 | | | 98 | % | | 18,489,003.63 | | | | |
| 44 | | Electromagnetic station | | Brick-concrete | | 2006-06-30 | | 168m2 | | | 201,600.00 | | | 198,340.80 | | | 201,600.00 | | | 198,340.80 | | | 201,600.00 | | | 98 | % | | 198,340.80 | | | | |
| 45 | | Roller grinding machine workshop | | Brick-concrete | | 2006-06-30 | | 144m2 | | | 77,760.00 | | | 76,502.88 | | | 77,760.00 | | | 76,502.88 | | | 77,760.00 | | | 98 | % | | 76,502.88 | | | | |
| 46 | | Operating room | | Brick-concrete | | 2006-06-30 | | 60m2 | | | 32,400.00 | | | 31,876.20 | | | 32,400.00 | | | 31,876.20 | | | 32,400.00 | | | 98 | % | | 31,876.20 | | | | |
| 47 | | Compressed air-plant | | Brick-concrete | | 2006-06-30 | | 240m2 | | | 129,600.00 | | | 127,504.80 | | | 129,600.00 | | | 127,504.80 | | | 129,600.00 | | | 98 | % | | 127,504.80 | | | | |
| 48 | | Gas operating room | | Brick-concrete | | 2006-06-30 | | 60m2 | | | 32,400.00 | | | 31,876.20 | | | 32,400.00 | | | 31,876.20 | | | 32,400.00 | | | 98 | % | | 31,876.20 | | | | |
| 49 | | Instrument house | | Brick-concrete | | 2006-06-30 | | 13m2 | | | 7,020.00 | | | 6,906.51 | | | 7,020.00 | | | 6,906.51 | | | 7,020.00 | | | 98 | % | | 6,906.51 | | | | |
| 50 | | Exactive division office | | Brick-concrete | | 2006-06-30 | | 20m2 | | | 10,800.00 | | | 10,625.40 | | | 10,800.00 | | | 10,625.40 | | | 10,800.00 | | | 98 | % | | 10,625.40 | | | | |
| 51 | | Finished products office | | Brick-concrete | | 2006-06-30 | | 20m2 | | | 10,800.00 | | | 10,625.40 | | | 10,800.00 | | | 10,625.40 | | | 10,800.00 | | | 98 | % | | 10,625.40 | | | | |
| Subtotal for This Page | | 31,695,939.71 | | | 28,668,709.30 | | | 31,695,939.71 | | | 28,668,709.30 | | | 36,735,931.71 | | | | | | 33,708,709.30 | | | | |
| Filled by :Yang Shu Hang | | | | | Appraiser: Qi Su Xue |
| Date of filling: March 27, 2007 | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | Unit: RMB/Yuan |
| | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | |
| No. | | Building Name | | Structure | | Establishment Date | | Construction(m 2) | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 52 | | Main gate | | Brick-concrete | | 2006-06-30 | | 56.17m2 | | | 144,820.00 | | | 142,478.74 | | | 144,820.00 | | | 142,478.74 | | | 144,820.00 | | | 98 | % | | 142,478.74 | | | | |
| 53 | | Northern main gate | | Brick-concrete | | 2006-06-30 | | 19.71m2 | | | 31,935.00 | | | 31,418.70 | | | 31,935.00 | | | 31,418.70 | | | 31,935.00 | | | 98 | % | | 31,418.70 | | | | |
| 54 | | Bicycle she | | Brick-concrete | | 2006-06-30 | | 126m2 | | | 240,000.00 | | | 228,360.00 | | | 240,000.00 | | | 228,360.00 | | | 240,000.00 | | | 95 | % | | 228,360.00 | | | | |
| 55 | | Water pump room | | Brick-concrete | | 2006-06-30 | | 81m2 | | | 156,185.00 | | | 153,660.02 | | | 156,185.00 | | | 153,660.02 | | | 156,185.00 | | | 98 | % | | 153,660.02 | | | | |
| 56 | | Distribution building | | Brick-concrete | | 2006-06-30 | | 725.76m2 | | | 471,744.00 | | | 464,117.46 | | | 471,744.00 | | | 464,117.46 | | | 471,744.00 | | | 98 | % | | 464,117.46 | | | | |
| 57 | | Loadometer room | | Brick-concrete | | 2006-06-30 | | 23.4m2 | | | 14,742.00 | | | 14,503.68 | | | 14,742.00 | | | 14,503.68 | | | 14,742.00 | | | 98 | % | | 14,503.68 | | | | |
| 58 | | Communication room | | Brick-concrete | | 2006-06-30 | | 23.4m2 | | | 14,742.00 | | | 14,503.68 | | | 14,742.00 | | | 14,503.68 | | | 14,742.00 | | | 98 | % | | 14,503.68 | | | | |
| 59 | | 1#Toilet | | Brick-concrete | | 2006-06-30 | | 82.4m2 | | | 67,744.00 | | | 66,648.82 | | | 67,744.00 | | | 66,648.82 | | | 67,744.00 | | | 98 | % | | 66,648.82 | | | | |
| 60 | | 2#Toilet | | Brick-concrete | | 2006-06-30 | | 44.13m2 | | | 31,200.00 | | | 30,695.58 | | | 31,200.00 | | | 30,695.58 | | | 31,200.00 | | | 98 | % | | 30,695.58 | | | | |
| 61 | | 3#Toilet | | Brick-concrete | | 2006-06-30 | | 80.87m2 | | | 54,991.00 | | | 54,101.98 | | | 54,991.00 | | | 54,101.98 | | | 54,991.00 | | | 98 | % | | 54,101.98 | | | | |
| 62 | | Tea room | | Brick-concrete | | 2006-06-30 | | 14.71m2 | | | 10,400.00 | | | 10,231.88 | | | 10,400.00 | | | 10,231.88 | | | 10,400.00 | | | 98 | % | | 10,231.88 | | | | |
| 63 | | Wooden holder warehouse | | Brick-concrete | | 2006-06-30 | | 270m2 | | | 58,000.00 | | | 57,062.32 | | | 58,000.00 | | | 57,062.32 | | | 58,000.00 | | | 98 | % | | 57,062.32 | | | | |
| 64 | | Comprehensive warehouse | | Brick-concrete | | 2006-06-30 | | 447.96m2 | | | 561,736.00 | | | 552,654.58 | | | 561,736.00 | | | 552,654.58 | | | 561,736.00 | | | 98 | % | | 552,654.58 | | | | |
| 65 | | Spare parts warehouse | | Brick-concrete | | 2006-06-30 | | 553.5m2 | | | 347,048.00 | | | 341,437.40 | | | 347,048.00 | | | 341,437.40 | | | 347,048.00 | | | 98 | % | | 341,437.40 | | | | |
| 66 | | Machine processing workshop | | Brick-concrete | | 2006-06-30 | | 669.7152m2 | | | 419,911.00 | | | 413,122.42 | | | 419,911.00 | | | 413,122.42 | | | 419,911.00 | | | 98 | % | | 413,122.42 | | | | |
| 67 | | Packing box workshop | | Brick-concrete | | 2006-06-30 | | 776.16m2 | | | 390,000.00 | | | 383,695.02 | | | 390,000.00 | | | 383,695.02 | | | 390,000.00 | | | 98 | % | | 383,695.02 | | | | |
| 68 | | Bath | | Brick-concrete | | 2006-06-30 | | 116.64m2 | | | 79,315.00 | | | 78,032.74 | | | 79,315.00 | | | 78,032.74 | | | 79,315.00 | | | 98 | % | | 78,032.74 | | | | |
| Subtotal for This Page | | 3,094,513.00 | | | 3,036,725.02 | | | 3,094,513.00 | | | 3,036,725.02 | | | 3,094,513.00 | | | | | | 3,036,725.02 | | | | |
| Filled by :Yang Shu Hang | | | Appraiser: Qi Su Xue |
| Date of filling: March 27, 2007 | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | Unit: RMB/Yuan |
| | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | |
| No. | | Building Name | | Structure | | Establishment Date | | Construction(m 2) | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 69 | | Cafeteria | | Brick-concrete | | 2006-06-30 | | 427.68m2 | | | 290,822.00 | | | 286,120.40 | | | 290,822.00 | | | 286,120.40 | | | 290,822.00 | | | 98 | % | | 286,120.40 | | | | |
| 70 | | Boiler room | | Brick-concrete | | 2006-06-30 | | 97.68m2 | | | 76,419.00 | | | 75,317.91 | | | 76,419.00 | | | 75,317.91 | | | 76,419.00 | | | 99 | % | | 75,317.91 | | | | |
| 71 | | Road surface within factory area | | | | 2006-06-30 | | 18858m2 | | | 3,823,240.00 | | | 3,761,430.95 | | | 3,823,240.00 | | | 3,761,430.95 | | | 3,823,240.00 | | | 98 | % | | 3,761,430.95 | | | | |
| 72 | | Offices in bungalow | | | | 2006-06-30 | | 216.64m2 | | | 86,656.00 | | | 85,255.06 | | | 86,656.00 | | | 85,255.06 | | | 86,656.00 | | | 98 | % | | 85,255.06 | | | | |
| 73 | | Coal plant | | Brick-concrete | | 2006-06-30 | | 2240m2 | | | 201,600.00 | | | 198,340.80 | | | 201,600.00 | | | 198,340.80 | | | 201,600.00 | | | 98 | % | | 198,340.80 | | | | |
| 74 | | Raw materials scale room | | Brick-concrete | | 2006-06-30 | | 12.11m2 | | | 8,477.00 | | | 8,339.96 | | | 8,477.00 | | | 8,339.96 | | | 8,477.00 | | | 98 | % | | 8,339.96 | | | | |
| 75 | | Sewage disposal station | | Brick-concrete | | 2006-06-30 | | 126m2 | | | 327,116.00 | | | 321,827.62 | | | 327,116.00 | | | 321,827.62 | | | 327,116.00 | | | 98 | % | | 321,827.62 | | | | |
| 76 | | sewage pump room | | Brick-concrete | | 2006-06-30 | | 156m2 | | | 213,096.00 | | | 209,650.92 | | | 213,096.00 | | | 209,650.92 | | | 213,096.00 | | | 98 | % | | 209,650.92 | | | | |
| 77 | | Enclosing wall | | Brick-concrete | | 2006-06-30 | | 2298.37m2 | | | 830,200.00 | | | 816,778.43 | | | 830,200.00 | | | 816,778.43 | | | 830,200.00 | | | 98 | % | | 816,778.43 | | | | |
| 78 | | Rain water deposition pool | | Brick-concrete | | 2006-06-30 | | 84m2 | | | 114,744.00 | | | 112,888.98 | | | 114,744.00 | | | 112,888.98 | | | 114,744.00 | | | 98 | % | | 112,888.98 | | | | |
| 79 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 80 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 81 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 82 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 83 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 84 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Subtotal for This Page | | 5,972,370.00 | | | 5,875,951.03 | | | 5,972,370.00 | | | 5,875,951.03 | | | 5,972,370.00 | | | | | | 5,875,951.03 | | | | |
| Total | | 72,846,057.85 | | | 63,785,388.65 | | | 72,846,057.85 | | | 63,785,388.65 | | | 88,386,039.19 | | | | | | 79,325,388.65 | | | | |
| Filled by :Yang Shu Hang | | | Appraiser: Qi Su Xue |
| Date of filling: March 27, 2007 | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | | | | | | | | | Unit: RMB/Yuan | |
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | |
| No. | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 1 | | | Electrical machine | | | | | | Tai | | | 2004-06-24 | | | 1 | | | 30,720.00 | | | 23,270.40 | | | 30,720.00 | | | 23,270.40 | | | 30,720.00 | | | 76 | % | | 23,270.40 | | | | |
| 2 | | | Transformer | | | | | | Tai | | | 2004-06-24 | | | 1 | | | 100,000.00 | | | 75,750.08 | | | 100,000.00 | | | 75,750.08 | | | 100,000.00 | | | 76 | % | | 75,750.08 | | | | |
| 3 | | | Annealling pallet | | | | | | Tai | | | 2000-12-30 | | | 26 | | | 352,450.00 | | | 215,699.92 | | | 352,450.00 | | | 215,699.92 | | | 352,450.00 | | | 61 | % | | 215,699.92 | | | | |
| 4 | | | Boiler | | | 13t | | | Tai | | | 2000-12-30 | | | 1 | | | 300,000.00 | | | 183,599.49 | | | 300,000.00 | | | 183,599.49 | | | 300,000.00 | | | 61 | % | | 183,599.49 | | | | |
| 5 | | | Boiler | | | 13t | | | Tai | | | 2000-12-30 | | | 1 | | | 110,000.00 | | | 67,319.95 | | | 110,000.00 | | | 67,319.95 | | | 110,000.00 | | | 61 | % | | 67,319.95 | | | | |
| 6 | | | Stainless water tank | | | | | | Tai | | | 2000-12-30 | | | 2 | | | 12,800.00 | | | 7,833.55 | | | 12,800.00 | | | 7,833.55 | | | 12,800.00 | | | 61 | % | | 7,833.55 | | | | |
| 7 | | | A.C.welder | | | | | | Tai | | | 2004-04-22 | | | 2 | | | 13,800.00 | | | 11,420.19 | | | 13,800.00 | | | 11,420.19 | | | 13,800.00 | | | 83 | % | | 11,420.19 | | | | |
| 8 | | | High voltage power cabinet | | | | | | Tai | | | 2004-02-28 | | | 8 | | | 275,000.00 | | | 224,613.97 | | | 275,000.00 | | | 224,613.97 | | | 275,000.00 | | | 82 | % | | 224,613.97 | | | | |
| 9 | | | A.C.welder | | | | | | Tai | | | 2004-01-31 | | | 1 | | | 6,462.00 | | | 5,243.27 | | | 6,462.00 | | | 5,243.27 | | | 6,462.00 | | | 81 | % | | 5,243.27 | | | | |
| 10 | | | Shaping machine | | | | | | Tai | | | 2000-12-30 | | | 2 | | | 14,450.00 | | | 8,843.39 | | | 14,450.00 | | | 8,843.39 | | | 14,450.00 | | | 61 | % | | 8,843.39 | | | | |
| 11 | | | Electronic Oven | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 16,000.00 | | | 9,792.05 | | | 16,000.00 | | | 9,792.05 | | | 16,000.00 | | | 61 | % | | 9,792.05 | | | | |
| 12 | | | Pitch boiler | | | | | | Tai | | | 2000-12-30 | | | 5 | | | 80,000.00 | | | 48,960.03 | | | 80,000.00 | | | 48,960.03 | | | 80,000.00 | | | 61 | % | | 48,960.03 | | | | |
| 13 | | | Air compressor | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 6,400.00 | | | 3,916.77 | | | 6,400.00 | | | 3,916.77 | | | 6,400.00 | | | 61 | % | | 3,916.77 | | | | |
| 14 | | | Lifting bar machine | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 28,000.00 | | | 17,135.97 | | | 28,000.00 | | | 17,135.97 | | | 28,000.00 | | | 61 | % | | 17,135.97 | | | | |
| 15 | | | Coal burning machine | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 18,900.00 | | | 11,566.80 | | | 18,900.00 | | | 11,566.80 | | | 18,900.00 | | | 61 | % | | 11,566.80 | | | | |
| 16 | | | Plate shearing machine | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 39,000.00 | | | 23,867.92 | | | 39,000.00 | | | 23,867.92 | | | 39,000.00 | | | 61 | % | | 23,867.92 | | | | |
| 17 | | | Crane | | | 16T | | | Tai | | | 2000-12-30 | | | 2 | | | 960,000.00 | | | 587,520.08 | | | 960,000.00 | | | 587,520.08 | | | 960,000.00 | | | 61 | % | | 587,520.08 | | | | |
| Subtotal for This Page | | | 2,363,982.00 | | | 1,526,353.83 | | | 2,363,982.00 | | | 1,526,353.83 | | | 2,363,982.00 | | | | | | 1,526,353.83 | | | | |
| Filled by :Yang Shu Hang | | | | | | | | | | | | | | | | | | | | | | | | Appraiser: Qi Su Xue |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | Unit: RMB/Yuan |
| | | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | |
| No. | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 18 | | | Preheating trolley | | | | | | Tai | | | 2000-12-30 | | | 2 | | | 336,000.00 | | | 205,631.92 | | | 336,000.00 | | | 205,631.92 | | | 403,200.00 | | | 61 | % | | 246,758.30 | | | | |
| 19 | | | High-voltage electrical machine | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 19,600.00 | | | 11,995.25 | | | 19,600.00 | | | 11,995.25 | | | 19,600.00 | | | 61 | % | | 11,995.25 | | | | |
| 20 | | | Coal riddling machine | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 31,500.00 | | | 19,278.00 | | | 31,500.00 | | | 19,278.00 | | | 31,500.00 | | | 61 | % | | 19,278.00 | | | | |
| 21 | | | Pressing machine | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 5,950.00 | | | 3,641.49 | | | 5,950.00 | | | 3,641.49 | | | 5,950.00 | | | 61 | % | | 3,641.49 | | | | |
| 22 | | | Leveling machine | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 2,240,000.00 | | | 1,370,880.03 | | | 2,240,000.00 | | | 1,370,880.03 | | | 5,600,000.00 | | | 70 | % | | 3,920,000.00 | | | | |
| 23 | | | Hydraulic loading machine | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 16,200.00 | | | 9,914.40 | | | 16,200.00 | | | 9,914.40 | | | 16,200.00 | | | 61 | % | | 9,914.40 | | | | |
| 24 | | | Top shearing machine | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 18,000.00 | | | 11,016.00 | | | 18,000.00 | | | 11,016.00 | | | 18,000.00 | | | 61 | % | | 11,016.00 | | | | |
| 25 | | | Main electrical machine | | | 1000kw | | | Tai | | | 2000-12-30 | | | 1 | | | 427,500.00 | | | 261,630.00 | | | 427,500.00 | | | 261,630.00 | | | 427,500.00 | | | 80 | % | | 342,000.00 | | | | |
| 26 | | | DC welder | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 14,400.00 | | | 8,812.80 | | | 14,400.00 | | | 8,812.80 | | | 14,400.00 | | | 61 | % | | 8,812.80 | | | | |
| 27 | | | Air compressor | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 52,700.00 | | | 32,252.46 | | | 52,700.00 | | | 32,252.46 | | | 52,700.00 | | | 61 | % | | 32,252.46 | | | | |
| 28 | | | Electronic planer | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 1,680.00 | | | 1,028.24 | | | 1,680.00 | | | 1,028.24 | | | 1,680.00 | | | 61 | % | | 1,028.24 | | | | |
| 29 | | | Lathe | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 47,600.00 | | | 29,131.23 | | | 47,600.00 | | | 29,131.23 | | | 47,600.00 | | | 61 | % | | 29,131.23 | | | | |
| 30 | | | Boring machine | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 19,600.00 | | | 11,995.25 | | | 19,600.00 | | | 11,995.25 | | | 19,600.00 | | | 61 | % | | 11,995.25 | | | | |
| 31 | | | Ordinary lathe | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 38,500.00 | | | 23,562.05 | | | 38,500.00 | | | 23,562.05 | | | 38,500.00 | | | 61 | % | | 23,562.05 | | | | |
| 32 | | | 200 Rolling mill | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 2,160,000.00 | | | 1,769,652.13 | | | 2,160,000.00 | | | 1,769,652.13 | | | 2,592,000.00 | | | 82 | % | | 2,123,582.55 | | | | |
| 33 | | | Chemical copper shoe system | | | | | | Tai | | | 2000-12-30 | | | 2 | | | 88,000.00 | | | 53,856.05 | | | 88,000.00 | | | 53,856.05 | | | 88,000.00 | | | 61 | % | | 53,856.05 | | | | |
| 34 | | | Plate shearing machine | | | 18*300 | | | Tai | | | 2000-12-30 | | | 4 | | | 450,000.00 | | | 275,400.00 | | | 450,000.00 | | | 275,400.00 | | | 450,000.00 | | | 61 | % | | 275,400.00 | | | | |
| Subtotal for This Page | | | 5,967,230.00 | | | 4,099,677.30 | | | 5,967,230.00 | | | 4,099,677.30 | | | 9,826,430.00 | | | | | | 7,124,224.07 | | | | |
| Filled by :Yang Shu Hang | | | | Appraiser: Qi Su Xue | |
| | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | Unit: RMB/Yuan |
| | | | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | |
| No | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 35 | | | Saw bench | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 1,875.00 | | | 1,147.59 | | | 1,875.00 | | | 1,147.59 | | | 1,875.00 | | | 61 | % | | 1,147.59 | | | | |
| 36 | | | Folding machine | | | | | | Tai | | | 2000-12-30 | | | 4 | | | 640,000.00 | | | 391,679.97 | | | 640,000.00 | | | 391,679.97 | | | 640,000.00 | | | 61 | % | | 391,679.97 | | | | |
| 37 | | | Slab roller flattener | | | Nine-roller | | | Tai | | | 2000-12-30 | | | 2 | | | 198,000.00 | | | 121,176.00 | | | 198,000.00 | | | 121,176.00 | | | 198,000.00 | | | 61 | % | | 121,176.00 | | | | |
| 38 | | | Dian Hu Lu | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 6,800.00 | | | 4,161.66 | | | 6,800.00 | | | 4,161.66 | | | 6,800.00 | | | 61 | % | | 4,161.66 | | | | |
| 39 | | | Preheater | | | | | | Tai | | | 2000-12-30 | | | 4 | | | 750,000.00 | | | 458,999.92 | | | 750,000.00 | | | 458,999.92 | | | 900,000.00 | | | 61 | % | | 550,799.90 | | | | |
| 40 | | | Slab | | | 40t | | | Tai | | | 2000-12-30 | | | 2 | | | 150,000.00 | | | 91,800.08 | | | 150,000.00 | | | 91,800.08 | | | 150,000.00 | | | 61 | % | | 91,800.08 | | | | |
| 41 | | | Crane | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 116,000.00 | | | 70,992.03 | | | 116,000.00 | | | 70,992.03 | | | 116,000.00 | | | 61 | % | | 70,992.03 | | | | |
| 42 | | | Slab shear | | | 18*300 | | | Tai | | | 2000-12-30 | | | 2 | | | 70,500.00 | | | 43,145.92 | | | 70,500.00 | | | 43,145.92 | | | 70,500.00 | | | 61 | % | | 43,145.92 | | | | |
| 43 | | | 400 Rolling mill | | | | | | Tai | | | 2000-12-30 | | | 1 | | | 1,694,785.00 | | | 1,310,079.50 | | | 1,694,785.00 | | | 1,310,079.50 | | | 2,033,740.00 | | | 77 | % | | 1,572,095.40 | | | | |
| 44 | | | Air compressor | | | | | | Tai | | | 2003-03-31 | | | 2 | | | 304,402.00 | | | 237,146.04 | | | 304,402.00 | | | 237,146.04 | | | 304,402.00 | | | 78 | % | | 237,146.04 | | | | |
| 45 | | | Electronmagnetism station | | | | | | Tai | | | 2003-03-31 | | | 1 | | | 70,534.00 | | | 54,949.90 | | | 70,534.00 | | | 54,949.90 | | | 70,534.00 | | | 78 | % | | 54,949.90 | | | | |
| 46 | | | Rolling mill | | | 800*1200 | | | Tai | | | 2003-03-31 | | | 2 | | | 2,806,004.00 | | | 2,186,033.09 | | | 2,806,004.00 | | | 2,186,033.09 | | | 7,166,500.00 | | | 70 | % | | 5,016,550.00 | | | | |
| 47 | | | Heating boiler | | | 2150*3000*20 | | | Tai | | | 2003-03-31 | | | 2 | | | 1,418,942.00 | | | 1,163,578.20 | | | 1,418,942.00 | | | 1,163,578.20 | | | 1,704,230.00 | | | 82 | % | | 1,397,343.84 | | | | |
| 48 | | | Gas furnace | | | 18*6000 | | | Tai | | | 2003-03-31 | | | 3 | | | 609,820.00 | | | 475,083.71 | | | 609,820.00 | | | 475,083.71 | | | 609,820.00 | | | 78 | % | | 475,083.71 | | | | |
| 49 | | | Plate shearing machine | | | 6*2500 | | | Tai | | | 2003-03-31 | | | 1 | | | 120,312.00 | | | 97,704.62 | | | 120,312.00 | | | 97,704.62 | | | 120,312.00 | | | 81 | % | | 97,704.62 | | | | |
| 50 | | | Frame crane | | | | | | Tai | | | 2003-03-31 | | | 1 | | | 1,117,426.00 | | | 870,536.99 | | | 1,117,426.00 | | | 870,536.99 | | | 1,117,426.00 | | | 78 | % | | 870,536.99 | | | | |
| 51 | | | AC welder | | | | | | Tai | | | 2003-12-29 | | | 1 | | | 3,750.00 | | | 3,022.46 | | | 3,750.00 | | | 3,022.46 | | | 3,750.00 | | | 81 | % | | 3,022.46 | | | | |
| Subtotal for This Page | | 10,079,150.00 | | | 7,581,237.68 | | | 10,079,150.00 | | | 7,581,237.68 | | | 15,213,889.00 | | | | | | 10,999,336.11 | | | | |
| Filled by :Yang Shu Hang | | | Appraiser: Qi Su Xue | | | | | | |
| | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | Unit: RMB/Yuan |
| | | | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | |
| No | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 52 | | | Plate shearing machine | | | 6*2500 | | | Tai | | | 2003-12-29 | | | 1 | | | 10,500.00 | | | 8,463.08 | | | 10,500.00 | | | 8,463.08 | | | 10,500.00 | | | 81 | % | | 8,463.08 | | | | |
| 53 | | | Roller grinding platform | | | | | | Tai | | | 2003-03-31 | | | 1 | | | 117,418.00 | | | 93,568.34 | | | 117,418.00 | | | 93,568.34 | | | 117,418.00 | | | 80 | % | | 93,568.34 | | | | |
| 54 | | | Oiler | | | | | | Tai | | | 2001-12-01 | | | 2 | | | 21,600.00 | | | 14,616.00 | | | 21,600.00 | | | 14,616.00 | | | 21,600.00 | | | 68 | % | | 14,616.00 | | | | |
| 55 | | | Air compressor | | | | | | Tai | | | 2002-01-01 | | | 1 | | | 7,500.00 | | | 5,115.34 | | | 7,500.00 | | | 5,115.34 | | | 7,500.00 | | | 68 | % | | 5,115.34 | | | | |
| 56 | | | High | | | | | | Tai | | | 2002-03-01 | | | 3 | | | 61,000.00 | | | 42,262.88 | | | 61,000.00 | | | 42,262.88 | | | 61,000.00 | | | 69 | % | | 42,262.88 | | | | |
| 57 | | | Temperature controlling cabinet | | | | | | Tai | | | 2002-10-01 | | | 2 | | | 38,000.00 | | | 27,761.06 | | | 38,000.00 | | | 27,761.06 | | | 38,000.00 | | | 73 | % | | 27,761.06 | | | | |
| 58 | | | Gas producing facility | | | | | | Tai | | | 2002-12-01 | | | 6 | | | 2,087,629.48 | | | 1,547,629.40 | | | 2,087,629.48 | | | 1,547,629.40 | | | 2,087,629.48 | | | 74 | % | | 1,547,629.40 | | | | |
| 59 | | | Power supply system | | | | | | | | | 2003-03-31 | | | | | | 1,463,785.00 | | | 1,224,337.41 | | | 1,463,785.00 | | | 1,224,337.41 | | | 1,756,540.00 | | | 84 | % | | 1,469,204.89 | | | | |
| 60 | | | Coal burning machine | | | | | | Tai | | | 2003-09-03 | | | 1 | | | 17,000.00 | | | 13,427.20 | | | 17,000.00 | | | 13,427.20 | | | 17,000.00 | | | 79 | % | | 13,427.20 | | | | |
| 61 | | | Plate shearing machine | | | 8*2500 | | | Tai | | | 2001-04-01 | | | 1 | | | 48,000.00 | | | 30,317.95 | | | 48,000.00 | | | 30,317.95 | | | 48,000.00 | | | 63 | % | | 30,317.95 | | | | |
| 62 | | | Shaping machine | | | B690 | | | Tai | | | 2001-04-01 | | | 1 | | | 11,000.00 | | | 6,969.06 | | | 11,000.00 | | | 6,969.06 | | | 11,000.00 | | | 63 | % | | 6,969.06 | | | | |
| 63 | | | Ordinary lathe | | | C620-1 | | | Tai | | | 2001-04-01 | | | 1 | | | 61,000.00 | | | 38,646.94 | | | 61,000.00 | | | 38,646.94 | | | 61,000.00 | | | 63 | % | | 38,646.94 | | | | |
| 64 | | | Shaping machine | | | B665 | | | Tai | | | 2001-04-01 | | | 1 | | | 9,000.00 | | | 5702 | | | 9,000.00 | | | 5702 | | | 9,000.00 | | | 63 | % | | 5702 | | | | |
| 65 | | | Ordinary lathe | | | C620G | | | Tai | | | 2001-04-01 | | | 1 | | | 58,000.00 | | | 36,746.16 | | | 58,000.00 | | | 36,746.16 | | | 58,000.00 | | | 63 | % | | 36,746.16 | | | | |
| 66 | | | Leveling machine | | | | | | Tai | | | 2001-04-01 | | | 2 | | | 440,000.00 | | | 278,764.47 | | | 440,000.00 | | | 278,764.47 | | | 528,000.00 | | | 63 | % | | 334,517.36 | | | | |
| 67 | | | Saw bench | | | | | | Tai | | | 2001-04-01 | | | 1 | | | 3,300.00 | | | 2,090.81 | | | 3,300.00 | | | 2,090.81 | | | 3,300.00 | | | 63 | % | | 2,090.81 | | | | |
| 68 | | | Leveling machine | | | | | | Tai | | | 2001-06-01 | | | 2 | | | 261,000.00 | | | 168,171.00 | | | 261,000.00 | | | 168,171.00 | | | 313,200.00 | | | 64 | % | | 201,805.20 | | | | |
| Subtotal for This Page | | 4,715,732.48 | | | 3,544,589.10 | | | 4,715,732.48 | | | 3,544,589.10 | | | 5,148,687.48 | | | | | | 3,878,843.67 | | | | |
| Filled by :Yang Shu Hang | | | | | | | Appraiser: Qi Su Xue |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | Unit: RMB/Yuan | |
| | | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | |
| No. | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 69 | | | High-voltage electrical machine | | | | | | Tai | | | 2001-09-01 | | | 1 | | | 90,000.00 | | | 67,083.75 | | | 90,000.00 | | | 67,083.75 | | | 90,000.00 | | | 75 | % | | 67,083.75 | | | | |
| 70 | | | Coal burning machine | | | | | | Tai | | | 2001-09-01 | | | 1 | | | 21,000.00 | | | 13,870.42 | | | 21,000.00 | | | 13,870.42 | | | 21,000.00 | | | 66 | % | | 13,870.42 | | | | |
| 71 | | | Transformer | | | | | | Tai | | | 2000-11-01 | | | 1 | | | 88,500.00 | | | 37,224.67 | | | 88,500.00 | | | 37,224.67 | | | 88,500.00 | | | 42 | % | | 37,224.67 | | | | |
| 72 | | | Plate shearing machine | | | 8*2500 | | | sTai | | | 2000-10-01 | | | 1 | | | 317,691.00 | | | 191,002.92 | | | 317,691.00 | | | 191,002.92 | | | 317,691.00 | | | 60 | % | | 191,002.92 | | | | |
| 73 | | | ventilator | | | | | | Tai | | | 2000-10-01 | | | 4 | | | 43,623.00 | | | 26,227.11 | | | 43,623.00 | | | 26,227.11 | | | 43,623.00 | | | 60 | % | | 26,227.11 | | | | |
| 74 | | | 21roller flattener | | | | | | Tai | | | 2000-10-01 | | | 1 | | | 216,724.00 | | | 130,299.32 | | | 216,724.00 | | | 130,299.32 | | | 216,724.00 | | | 60 | % | | 130,299.32 | | | | |
| 75 | | | Exhausting fan | | | | | | Tai | | | 2000-10-01 | | | 4 | | | 49,621.00 | | | 29,833.30 | | | 49,621.00 | | | 29,833.30 | | | 49,621.00 | | | 60 | % | | 29,833.30 | | | | |
| 76 | | | Leveling machine | | | | | | Tai | | | 2000-10-01 | | | 1 | | | 1,740,455.00 | | | 1,056,148.68 | | | 1,740,455.00 | | | 1,056,148.68 | | | 5,600,000.00 | | | 80 | % | | 4,480,000.00 | | | | |
| 77 | | | clocking-in machine | | | | | | Tai | | | 2000-10-01 | | | 2 | | | 7,541.00 | | | 1,902.52 | | | 7,541.00 | | | 1,902.52 | | | 7,541.00 | | | 25 | % | | 1,902.52 | | | | |
| 78 | | | High voltage power cabinet | | | | | | Tai | | | 2000-10-01 | | | 2 | | | 1,037,809.00 | | | 623,953.77 | | | 1,037,809.00 | | | 623,953.77 | | | 1,037,809.00 | | | 60 | % | | 623,953.77 | | | | |
| 79 | | | Big jar | | | | | | Tai | | | 2000-10-01 | | | 2 | | | 311,223.00 | | | 187,114.10 | | | 311,223.00 | | | 187,114.10 | | | 311,223.00 | | | 60 | % | | 187,114.10 | | | | |
| 80 | | | Self-priming pump | | | | | | Tai | | | 2000-10-01 | | | 1 | | | 529 | | | 212.52 | | | 529 | | | 212.52 | | | 529 | | | 40 | % | | 212.52 | | | | |
| 81 | | | Ultrasonic defectoscope | | | | | | Tai | | | 2000-10-01 | | | 1 | | | 6,642.00 | | | 2,668.97 | | | 6,642.00 | | | 2,668.97 | | | 6,642.00 | | | 40 | % | | 2,668.97 | | | | |
| 82 | | | Electrical machine | | | | | | Tai | | | 2000-10-01 | | | 325 | | | 1,207,616.00 | | | 890,361.75 | | | 1,207,616.00 | | | 890,361.75 | | | 1,207,616.00 | | | 74 | % | | 890,361.75 | | | | |
| 83 | | | Crane | | | | | | Tai | | | 2000-10-01 | | | 6 | | | 2,169,687.00 | | | 1,304,464.09 | | | 2,169,687.00 | | | 1,304,464.09 | | | 2,603,620.00 | | | 60 | % | | 1,565,356.90 | | | | |
| 84 | | | Breast drill | | | | | | Tai | | | 2000-10-01 | | | 1 | | | 6,862.00 | | | 2,757.33 | | | 6,862.00 | | | 2,757.33 | | | 6,862.00 | | | 40 | % | | 2,757.33 | | | | |
| 85 | | | Speed reducing motor | | | | | | Tai | | | 2000-10-01 | | | 8 | | | 35,031.00 | | | 21,061.37 | | | 35,031.00 | | | 21,061.37 | | | 35,031.00 | | | 60 | % | | 21,061.37 | | | | |
| Subtotal for This Page | | | 7,350,554.00 | | | 4,586,186.59 | | | 7,350,554.00 | | | 4,586,186.59 | | | 11,644,032.00 | | | | | | 8,270,930.72 | | | | |
| Filled by :Yang Shu Hang | | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | Unit: RMB/Yuan | |
| | | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | |
| No. | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 86 | | | Low valtage power cabinet | | | | | | Tai | | | 2000-10-01 | | | 2 | | | 771,704.00 | | | 463,965.52 | | | 771,704.00 | | | 463,965.52 | | | 771,704.00 | | | 60 | % | | 463,965.52 | | | | |
| 87 | | | Centrifugal water pump | | | | | | Tai | | | 2000-10-01 | | | 4 | | | 8,579.00 | | | 5,157.91 | | | 8,579.00 | | | 5,157.91 | | | 8,579.00 | | | 60 | % | | 5,157.91 | | | | |
| 88 | | | Submersible pump | | | | | | Tai | | | 2000-10-01 | | | 9 | | | 8,698.00 | | | 5,229.49 | | | 8,698.00 | | | 5,229.49 | | | 8,698.00 | | | 60 | % | | 5,229.49 | | | | |
| 89 | | | Grinder | | | | | | Tai | | | 2000-10-01 | | | 4 | | | 1,262.00 | | | 507.15 | | | 1,262.00 | | | 507.15 | | | 1,262.00 | | | 40 | % | | 507.15 | | | | |
| 90 | | | Bench drilling machine | | | | | | Tai | | | 2000-10-01 | | | 1 | | | 587 | | | 235.88 | | | 587 | | | 235.88 | | | 587 | | | 40 | % | | 235.88 | | | | |
| 91 | | | Joining-machine | | | | | | Tai | | | 2000-10-01 | | | 2 | | | 4,382.00 | | | 1,760.87 | | | 4,382.00 | | | 1,760.87 | | | 4,382.00 | | | 40 | % | | 1,760.87 | | | | |
| 92 | | | Air compressor | | | | | | Tai | | | 2000-10-01 | | | 2 | | | 357,871.10 | | | 215,160.00 | | | 357,871.10 | | | 215,160.00 | | | 357,871.10 | | | 60 | % | | 215,160.00 | | | | |
| 93 | | | Electrical sawing bench | | | | | | Tai | | | 2000-10-01 | | | 2 | | | 914 | | | 367.23 | | | 914 | | | 367.23 | | | 914 | | | 40 | % | | 367.23 | | | | |
| 94 | | | Woodwork saw | | | | | | Tai | | | 2000-10-01 | | | 1 | | | 252 | | | 101.19 | | | 252 | | | 101.19 | | | 252 | | | 40 | % | | 101.19 | | | | |
| 95 | | | Floor level vehicle | | | 40T | | | Tai | | | 2000-10-01 | | | 2 | | | 919,848.00 | | | 553,033.03 | | | 919,848.00 | | | 553,033.03 | | | 919,848.00 | | | 60 | % | | 553,033.03 | | | | |
| 96 | | | Transformer power supply system | | | | | | Tai | | | 2000-10-01 | | | 2 | | | 11,785,700.90 | | | 8,260,794.28 | | | 11,785,700.90 | | | 8,260,794.28 | | | 14,142,840.00 | | | 70 | % | | 9,912,953.13 | | | | |
| 97 | | | Blast machine | | | | | | Tai | | | 2000-10-01 | | | 50 | | | 28,480.00 | | | 17,122.75 | | | 28,480.00 | | | 17,122.75 | | | 28,480.00 | | | 60 | % | | 17,122.75 | | | | |
| 98 | | | Planer | | | B665 | | | Tai | | | 2000-10-01 | | | 2 | | | 17,677.00 | | | 10,627.79 | | | 17,677.00 | | | 10,627.79 | | | 17,677.00 | | | 60 | % | | 10,627.79 | | | | |
| 99 | | | Milling machine | | | X62 | | | Tai | | | 2000-10-01 | | | 1 | | | 18,178.00 | | | 10,929.00 | | | 18,178.00 | | | 10,929.00 | | | 18,178.00 | | | 60 | % | | 10,929.00 | | | | |
| 100 | | | Coil leveling machine | | | | | | Tai | | | 2000-10-01 | | | 3 | | | 459,509.00 | | | 276,267.09 | | | 459,509.00 | | | 276,267.09 | | | 459,509.00 | | | 60 | % | | 276,267.09 | | | | |
| 101 | | | Slab shear | | | | | | Tai | | | 2000-10-01 | | | 2 | | | 522,959.88 | | | 314,415.17 | | | 522,959.88 | | | 314,415.17 | | | 522,959.88 | | | 60 | % | | 314,415.17 | | | | |
| 102 | | | 9 roller flattener | | | | | | Tai | | | 2000-10-01 | | | 1 | | | 281,288.00 | | | 169,116.59 | | | 281,288.00 | | | 169,116.59 | | | 337,550.00 | | | 60 | % | | 202,939.90 | | | | |
| Subtotal for This Page | | | 15,187,889.88 | | | 10,304,790.94 | | | 15,187,889.88 | | | 10,304,790.94 | | | 17,601,290.98 | | | | | | 11,990,773.10 | | | | |
| Filled by :Yang Shu Hang | | | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | Unit: RMB/Yuan | |
| | | | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | |
| No. | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 103 | | | Plate shearing machine | | | 8*2500 | | | Tai | | | 2000-10-01 | | | 1 | | | 44,663.00 | | | 26,852.48 | | | 44,663.00 | | | 26,852.48 | | | 44,663.00 | | | 60 | % | | 26,852.48 | | | | |
| 104 | | | Woodwork versatile planer | | | | | | Tai | | | 2000-10-01 | | | 1 | | | 2,691.00 | | | 1,081.38 | | | 2,691.00 | | | 1,081.38 | | | 2,691.00 | | | 40 | % | | 1,081.38 | | | | |
| 105 | | | Plate shearing machine | | | 6*2500 | | | Tai | | | 2000-10-01 | | | 1 | | | 8,214.00 | | | 4,938.51 | | | 8,214.00 | | | 4,938.51 | | | 8,214.00 | | | 60 | % | | 4,938.51 | | | | |
| 106 | | | DC500welder | | | 500KW | | | Tai | | | 2000-10-01 | | | 1 | | | 2,879.00 | | | 1,730.96 | | | 2,879.00 | | | 1,730.96 | | | 2,879.00 | | | 60 | % | | 1,730.96 | | | | |
| 107 | | | AC welder | | | | | | Tai | | | 2000-10-01 | | | 8 | | | 11,905.00 | | | 7,157.58 | | | 11,905.00 | | | 7,157.58 | | | 11,905.00 | | | 60 | % | | 7,157.58 | | | | |
| 108 | | | Lathe | | | C6140 | | | Tai | | | 2000-10-01 | | | 2 | | | 50,413.00 | | | 30,309.42 | | | 50,413.00 | | | 30,309.42 | | | 50,413.00 | | | 60 | % | | 30,309.42 | | | | |
| 109 | | | Crane | | | 15/3T | | | Tai | | | 2000-10-01 | | | 3 | | | 440,169.00 | | | 264,639.43 | | | 440,169.00 | | | 264,639.43 | | | 528,200.50 | | | 60 | % | | 317,567.31 | | | | |
| 110 | | | Crane | | | 10T | | | Tai | | | 2000-10-01 | | | 2 | | | 123,523.00 | | | 83,844.94 | | | 123,523.00 | | | 83,844.94 | | | 148,230.00 | | | 69 | % | | 101,813.92 | | | | |
| 111 | | | Frame crane | | | 10T | | | Tai | | | 2000-10-01 | | | 1 | | | 107,176.00 | | | 64,436.59 | | | 107,176.00 | | | 64,436.59 | | | 128,610.00 | | | 60 | % | | 77,323.80 | | | | |
| 112 | | | Frame crane | | | 10TC | | | Tai | | | 2000-10-01 | | | 1 | | | 247,943.00 | | | 149,068.77 | | | 247,943.00 | | | 149,068.77 | | | 297,530.00 | | | 60 | % | | 178,882.52 | | | | |
| 113 | | | Crane | | | 3T | | | Tai | | | 2000-10-01 | | | 1 | | | 50,154.00 | | | 30,153.77 | | | 50,154.00 | | | 30,153.77 | | | 50,154.00 | | | 60 | % | | 30,153.77 | | | | |
| 114 | | | Crane | | | 2T | | | Tai | | | 2000-10-01 | | | 1 | | | 44,218.00 | | | 26,584.75 | | | 44,218.00 | | | 26,584.75 | | | 44,218.00 | | | 60 | % | | 26,584.75 | | | | |
| 115 | | | Level grinding machine | | | | | | Tai | | | 2000-10-01 | | | 1 | | | 187,168.00 | | | 116,699.43 | | | 187,168.00 | | | 116,699.43 | | | 224,600.00 | | | 62 | % | | 140,039.31 | | | | |
| 116 | | | Gas burning power supply system | | | | | | Tai | | | 2000-10-01 | | | 2 | | | 2,312,957.50 | | | 1,621,190.54 | | | 2,312,957.50 | | | 1,621,190.54 | | | 2,775,550.00 | | | 70 | % | | 1,945,428.64 | | | | |
| 117 | | | 80 kilowatt electrical machine | | | | | | Tai | | | 2000-10-01 | | | 1 | | | 383,740.00 | | | 268,969.74 | | | 383,740.00 | | | 268,969.74 | | | 383,740.00 | | | 70 | % | | 268,969.74 | | | | |
| 118 | | | Roller grinding machine | | | | | | Tai | | | 2000-10-01 | | | 1 | | | 3,245,035.00 | | | 1,950,987.22 | | | 3,245,035.00 | | | 1,950,987.22 | | | 3,894,040.00 | | | 60 | % | | 2,336,424.00 | | | | |
| 119 | | | Crane | | | 50/5T | | | Tai | | | | | | 1 | | | 613,434.75 | | | 368,810.65 | | | 613,434.75 | | | 368,810.65 | | | 736,120.00 | | | 60 | % | | 442,572.78 | | | | |
| Subtotal for This Page | | | 7,876,283.25 | | | 5,017,456.16 | | | 7,876,283.25 | | | 5,017,456.16 | | | 9,331,757.50 | | | | | | 5,937,830.87 | | | | |
| Filled by :Yang Shu Hang | | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | Unit: RMB/Yuan | |
| | | | | | | | | | | | | | | | | | | Book Value | | | Adjusted Book Value | | | Appraisal Value | | | | | | | |
| No. | | | Equipment Name | | | Specification | | | Measurement Unit | | | Purchage Date | | | Quantity | | | Original Value | | | Net Value | | | Original Value | | | Net Value | | | Replacement Value | | | Residue Ratio | | | Evaluated Value | | | Remark | |
| 120 | | | 1000 kilowatt main electrical machine | | | | | | Tai | | | 2000-10-01 | | | 2 | | | 809,279.00 | | | 486,556.56 | | | 809,279.00 | | | 486,556.56 | | | 809,279.00 | | | 60 | % | | 486,556.56 | | | | |
| 121 | | | 1200 rolling mill | | | | | | Tai | | | 2000-10-01 | | | 4 | | | 39,865,893.90 | | | 23,968,261.39 | | | 39,865,893.90 | | | 23,968,261.39 | | | 39,865,893.90 | | | 60 | % | | 23,968,261.39 | | | | |
| 122 | | | Gas suppy system | | | | | | Tai | | | 2000-10-01 | | | 3 | | | 2,751,459.00 | | | 1,928,543.48 | | | 2,751,459.00 | | | 1,928,543.48 | | | 3,301,750.00 | | | 70 | % | | 2,314,252.17 | | | | |
| 123 | | | 17 roller flattener | | | | | | Tai | | | 2000-10-01 | | | 1 | | | 581,477.00 | | | 349,596.90 | | | 581,477.00 | | | 349,596.90 | | | 581,477.00 | | | 60 | % | | 349,596.90 | | | | |
| 124 | | | Heating boiler | | | | | | Tai | | | 2000-10-01 | | | 4 | | | 808,852.21 | | | 486,299.96 | | | 808,852.21 | | | 486,299.96 | | | 970,620.00 | | | 60 | % | | 583,559.95 | | | | |
| 125 | | | Annealing furnace | | | | | | Tai | | | 2000-10-01 | | | 2 | | | 1,081,675.47 | | | 650,327.30 | | | 1,081,675.47 | | | 650,327.30 | | | 1,298,010.00 | | | 60 | % | | 780,392.76 | | | | |
| 126 | | | Crane | | | 30/5T | | | Tai | | | 2000-10-01 | | | 1 | | | 642,939.00 | | | 403,788.34 | | | 642,939.00 | | | 403,788.34 | | | 771,500.00 | | | 63 | % | | 483,659.64 | | | | |
| 127 | | | Crane | | | 30t | | | Tai | | | 2003-03-31 | | | 3 | | | 762,276.00 | | | 593,855.37 | | | 762,276.00 | | | 593,855.37 | | | 914,760.00 | | | 78 | % | | 713,512.80 | | | | |
| 128 | | | Plate shearing machine | | | 6*2500 | | | Tai | | | 2004-12-28 | | | 2 | | | 96,000.00 | | | 77,376.00 | | | 96,000.00 | | | 77,376.00 | | | 96,000.00 | | | 81 | % | | 77,376.00 | | | | |
| 129 | | | Radial Drilling Machine | | | | | | Tai | | | 2005-02-01 | | | 1 | | | 10,760.00 | | | 8,846.44 | | | 10,760.00 | | | 8,846.44 | | | 10,760.00 | | | 82 | % | | 8,846.44 | | | | |
| 130 | | | Air compressor | | | | | | Tai | | | 2005-03-14 | | | 1 | | | 55,000.00 | | | 45,663.82 | | | 55,000.00 | | | 45,663.82 | | | 55,000.00 | | | 83 | % | | 45,663.82 | | | | |
| 131 | | | Blower | | | | | | Tai | | | 2005-04-30 | | | 2 | | | 15,800.00 | | | 13,245.60 | | | 15,800.00 | | | 13,245.60 | | | 15,800.00 | | | 84 | % | | 13,245.60 | | | | |
| 132 | | | Plate shearing machine | | | | | | Tai | | | 2005-06-28 | | | 1 | | | 54,000.00 | | | 46,143.00 | | | 54,000.00 | | | 46,143.00 | | | 54,000.00 | | | 85 | % | | 46,143.00 | | | | |
| 133 | | | Compound lashing machine | | | | | | Tai | | | 2005-07-31 | | | 1 | | | 11,170.00 | | | 9,635.07 | | | 11,170.00 | | | 9,635.07 | | | 11,170.00 | | | 86 | % | | 9,635.07 | | | | |
| 134 | | | Platform balance | | | 150t | | | Tai | | | 2005-08-01 | | | 1 | | | 160,930.00 | | | 140,116.40 | | | 160,930.00 | | | 140,116.40 | | | 160,930.00 | | | 87 | % | | 140,116.40 | | | | |
| 135 | | | Round disc shear | | | | | | Tai | | | 2005-08-01 | | | 1 | | | 445,420.00 | | | 390,558.97 | | | 445,420.00 | | | 390,558.97 | | | 445,420.00 | | | 88 | % | | 390,558.97 | | | | |
| 136 | | | Desulphurization dust remover | | | | | | Tai | | | 2005-10-31 | | | 2 | | | 73,000.00 | | | 64,738.88 | | | 73,000.00 | | | 64,738.88 | | | 73,000.00 | | | 89 | % | | 64,738.88 | | | | |
| Subtotal for This Page | | 48,225,931.58 | | | 29,663,553.48 | | | 48,225,931.58 | | | 29,663,553.48 | | | 49,435,369.90 | | | | | | 30,476,116.35 | | | | |
| Filled by :Yang Shu Hang | | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | Unit: RMB/Yuan | |
| | | | | | | | | | | | Book Value | | | | Adjusted Book Value | | | | Appraisal Value | | | | | | | |
| No. | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 137 | | | Hoist | | | | | | Tai | | | 2005-12-30 | | | 3 | | | 5,400.00 | | | 4,876.20 | | | 5,400.00 | | | 4,876.20 | | | 5,400.00 | | | 90 | % | | 4,876.20 | | | | |
| 138 | | | Plate shearing machine | | | 6*2500 | | | Tai | | | 2006-01-30 | | | 1 | | | 95,000.00 | | | 86,552.88 | | | 95,000.00 | | | 86,552.88 | | | 95,000.00 | | | 91 | % | | 86,552.88 | | | | |
| 139 | | | Leveling machine lifting desk | | | | | | Tai | | | 2006-01-30 | | | 1 | | | 54,000.00 | | | 49,198.50 | | | 54,000.00 | | | 49,198.50 | | | 54,000.00 | | | 91 | % | | 49,198.50 | | | | |
| 140 | | | Gas generating furnace | | | | | | Tai | | | 2006-02-15 | | | 1 | | | 138,500.00 | | | 137,380.46 | | | 138,500.00 | | | 137,380.46 | | | 138,500.00 | | | 99 | % | | 137,380.46 | | | | |
| 141 | | | Leveling machine lifting desk | | | | | | Tai | | | 2006-02-15 | | | 1 | | | 64,500.00 | | | 59,286.25 | | | 64,500.00 | | | 59,286.25 | | | 64,500.00 | | | 92 | % | | 59,286.25 | | | | |
| 142 | | | Plate shearing machine | | | 6*2500 | | | Tai | | | 2006-02-27 | | | 1 | | | 95,000.00 | | | 87,320.80 | | | 95,000.00 | | | 87,320.80 | | | 95,000.00 | | | 92 | % | | 87,320.80 | | | | |
| 143 | | | Crane | | | 5t | | | Tai | | | 2006-04-30 | | | 1 | | | 50,000.00 | | | 45,958.30 | | | 50,000.00 | | | 45,958.30 | | | 50,000.00 | | | 92 | % | | 45,958.30 | | | | |
| 144 | | | Capacitance cabinet | | | | | | Tai | | | 2006-05-31 | | | 2 | | | 56,000.00 | | | 52,378.64 | | | 56,000.00 | | | 52,378.64 | | | 56,000.00 | | | 94 | % | | 52,378.64 | | | | |
| 145 | | | 17 roller flattener | | | | | | Tai | | | 2006-05-31 | | | 1 | | | 77,800.00 | | | 73,397.84 | | | 77,800.00 | | | 73,397.84 | | | 93,360.00 | | | 94 | % | | 88,077.40 | | | | |
| 146 | | | Packing machine | | | | | | Tai | | | 2006-05-31 | | | 1 | | | 6,150.00 | | | 5,802.03 | | | 6,150.00 | | | 5,802.03 | | | 6,150.00 | | | 94 | % | | 5,802.03 | | | | |
| 147 | | | Plate shearing machine | | | 6*2500 | | | Tai | | | 2006-06-30 | | | 1 | | | 330,500.00 | | | 311,799.22 | | | 330,500.00 | | | 311,799.22 | | | 330,500.00 | | | 94 | % | | 311,799.22 | | | | |
| 148 | | | Capacitance compensator | | | | | | Tai | | | 2006-06-30 | | | 2 | | | 56,000.00 | | | 53,283.98 | | | 56,000.00 | | | 53,283.98 | | | 56,000.00 | | | 95 | % | | 53,283.98 | | | | |
| 149 | | | Plate shearing machine | | | | | | Tai | | | 2006-06-30 | | | 1 | | | 159,000.00 | | | 151,288.50 | | | 159,000.00 | | | 151,288.50 | | | 159,000.00 | | | 95 | % | | 151,288.50 | | | | |
| 150 | | | Electricity saving machine | | | | | | Tai | | | 2006-06-30 | | | 19 | | | 475,000.00 | | | 451,962.52 | | | 475,000.00 | | | 451,962.52 | | | 475,000.00 | | | 95 | % | | 451,962.52 | | | | |
| 151 | | | Hoist | | | | | | Tai | | | 2006-06-30 | | | 1 | | | 3,600.00 | | | 3,454.50 | | | 3,600.00 | | | 3,454.50 | | | 3,600.00 | | | 96 | % | | 3,454.50 | | | | |
| 152 | | | Eletricity saving facility | | | | | | Tai | | | 2006-06-30 | | | 1 | | | 340,000.00 | | | 329,006.68 | | | 340,000.00 | | | 329,006.68 | | | 408,000.00 | | | 97 | % | | 394,808.01 | | | | |
| 153 | | | Hoist | | | | | | Tai | | | 2006-06-30 | | | 1 | | | 5,800.00 | | | 5,612.48 | | | 5,800.00 | | | 5,612.48 | | | 5,800.00 | | | 97 | % | | 5,612.48 | | | | |
| Subtotal for This Page | | | 2,012,250.00 | | | 1,908,559.78 | | | 2,012,250.00 | | | 1,908,559.78 | | | 2,095,810.00 | | | | | | 1,989,040.67 | | | | |
| Filled by :Yang Shu Hang | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | Unit: RMB/Yuan | |
| | | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | |
| No. | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 154 | | | Hoist | | | | | | Tai | | | 2006-06-30 | | | 2 | | | 4,500.00 | | | 4,427.25 | | | 4,500.00 | | | 4,427.25 | | | 4,500.00 | | | 98 | % | | 4,427.25 | | | | |
| 155 | | | Plate shearing machine unit | | | 1# | | | Tai | | | 2006-06-30 | | | 1 | | | 440,260.00 | | | 418,907.38 | | | 440,260.00 | | | 418,907.38 | | | 528,310.00 | | | 95 | % | | 502,688.85 | | | | |
| 156 | | | Plate shearing machine unit | | | 2# | | | Tai | | | 2006-06-30 | | | 1 | | | 440,260.00 | | | 418,907.38 | | | 440,260.00 | | | 418,907.38 | | | 528,310.00 | | | 95 | % | | 502,688.85 | | | | |
| 157 | | | Plate shearing machine | | | 3# | | | Tai | | | 2006-06-30 | | | 1 | | | 90,000.00 | | | 85,635.00 | | | 90,000.00 | | | 85,635.00 | | | 108,000.00 | | | 95 | % | | 102,762.00 | | | | |
| 158 | | | Heating boiler | | | 21.5*3*2 | | | Tai | | | 2006-06-30 | | | 1 | | | 614,805.00 | | | 584,986.96 | | | 614,805.00 | | | 584,986.96 | | | 737,770.00 | | | 95 | % | | 701,984.35 | | | | |
| 159 | | | Heating boiler | | | 21.5*3*3 | | | Tai | | | 2006-06-30 | | | 1 | | | 514,805.00 | | | 489,836.96 | | | 514,805.00 | | | 489,836.96 | | | 617,770.00 | | | 95 | % | | 587,804.35 | | | | |
| 160 | | | Heating boiler | | | 21.5*3*4 | | | Tai | | | 2006-06-30 | | | 1 | | | 514,805.00 | | | 489,836.96 | | | 514,805.00 | | | 489,836.96 | | | 617,770.00 | | | 95 | % | | 587,804.35 | | | | |
| 161 | | | Heating boiler | | | 21.5*3*5 | | | Tai | | | 2006-06-30 | | | 1 | | | 514.805.00 | | | 489,836.96 | | | 514.805.00 | | | 489,836.96 | | | 617770.00 | | | 95 | % | | 587,804.35 | | | | |
| 162 | | | Heating furnace gas generating | | | MQJ2400 | | | Tai | | | 2006-06-30 | | | 1 | | | 276,726.00 | | | 263,304.78 | | | 276,726.00 | | | 263,304.78 | | | 276,726.00 | | | 95 | % | | 263,304.78 | | | | |
| 163 | | | Heating furnace gas generating | | | MQJ2401 | | | Tai | | | 2006-06-30 | | | 1 | | | 276,726.00 | | | 263,304.78 | | | 276,726.00 | | | 263,304.78 | | | 276,726.00 | | | 95 | % | | 263,304.78 | | | | |
| 164 | | | Heating furnace gas generating | | | MQJ2402 | | | Tai | | | 2006-06-30 | | | 1 | | | 276,726.00 | | | 263,304.78 | | | 276,726.00 | | | 263,304.78 | | | 276,726.00 | | | 95 | % | | 263,304.78 | | | | |
| 165 | | | Heating furnace gas generating | | | MQJ2403 | | | Tai | | | 2006-06-30 | | | 1 | | | 276,726.00 | | | 263,304.78 | | | 276,726.00 | | | 263,304.78 | | | 276,726.00 | | | 95 | % | | 263,304.78 | | | | |
| 166 | | | Main electrical machine unit | | | 1000KW | | | Tai | | | 2006-06-30 | | | 1 | | | 442,545.00 | | | 421,081.56 | | | 442,545.00 | | | 421,081.56 | | | 442,545.00 | | | 95 | % | | 421,081.56 | | | | |
| 167 | | | Main electrical machine unit | | | 1000KW | | | Tai | | | 2006-06-30 | | | 1 | | | 442,545.00 | | | 421,081.56 | | | 442,545.00 | | | 421,081.56 | | | 442,545.00 | | | 95 | % | | 421,081.56 | | | | |
| 168 | | | Main electrical machine unit | | | 1000KW | | | Tai | | | 2006-06-30 | | | 1 | | | 402,500.00 | | | 382,978.76 | | | 402,500.00 | | | 382,978.76 | | | 402,500.00 | | | 95 | % | | 382,978.76 | | | | |
| 169 | | | Main Speed reducer unit | | | 3000m | | | Tai | | | 2006-06-30 | | | 1 | | | 2,062,500.00 | | | 1,962,468.75 | | | 2,062,500.00 | | | 1,962,468.75 | | | 2,062,500.00 | | | 95 | % | | 1,962,468.75 | | | | |
| 170 | | | Main Speed reducer unit | | | 3000m | | | Tai | | | 2006-06-30 | | | 1 | | | 2,062,500.00 | | | 1,962,468.75 | | | 2,062,500.00 | | | 1,962,468.75 | | | 2,062,500.00 | | | 95 | % | | 1,962,468.75 | | | | |
| Subtotal for This Page | | | 9653734.00 | | | 9,185,673.35 | | | 9653734.00 | | | 9,185,673.35 | | | 10,279,694.00 | | | | | | 9,781,262.85 | | | | |
| Filled by :Yang Shu Hang | | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | Unit: RMB/Yuan | |
| | | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | | | |
| No. | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 171 | | | Rolling mill unit | | | 7# | | | Tai | | | 2006-06-30 | | | 1 | | | 7,353,617.00 | | | 7,011,368.02 | | | 7,353,617.00 | | | 7,011,368.02 | | | 7,353,520.00 | | | 98 | % | | 7,206,547.60 | | | | |
| 172 | | | Rolling mill unit | | | 8# | | | Tai | | | 2006-06-30 | | | 1 | | | 7,353,617.00 | | | 7,011,368.02 | | | 7,353,617.00 | | | 7,011,368.02 | | | 7,353,520.00 | | | 98 | % | | 7,206,547.60 | | | | |
| 173 | | | Rolling mill unit | | | 9# | | | Tai | | | 2006-06-30 | | | 1 | | | 7,353,617.00 | | | 7,011,368.02 | | | 7,353,617.00 | | | 7,011,368.02 | | | 7,353,520.00 | | | 98 | % | | 7,206,547.60 | | | | |
| 174 | | | Rolling mill unit | | | 10# | | | Tai | | | 2006-06-30 | | | 1 | | | 7,353,617.00 | | | 7,011,368.02 | | | 7,353,617.00 | | | 7,011,368.02 | | | 7,353,520.00 | | | 98 | % | | 7,206,547.60 | | | | |
| 175 | | | Return chain assembly | | | 7# | | | Tai | | | 2006-06-30 | | | 1 | | | 101,058.00 | | | 96,156.66 | | | 101,058.00 | | | 96,156.66 | | | 101,058.00 | | | 67 | % | | 67,319.95 | | | | |
| 176 | | | Return chain assembly | | | 8# | | | Tai | | | 2006-06-30 | | | 1 | | | 101,058.00 | | | 96,156.66 | | | 101,058.00 | | | 96,156.66 | | | 101,058.00 | | | 8 | % | | 7,833.55 | | | | |
| 177 | | | Return chain assembly | | | 9# | | | Tai | | | 2006-06-30 | | | 1 | | | 101,058.00 | | | 96,156.66 | | | 101,058.00 | | | 96,156.66 | | | 101,058.00 | | | 11 | % | | 11,420.19 | | | | |
| 178 | | | Return chain assembly | | | 10# | | | Tai | | | 2006-06-30 | | | 1 | | | 101,058.00 | | | 96,156.66 | | | 101,058.00 | | | 96,156.66 | | | 101,058.00 | | | 95 | % | | 96,156.66 | | | | |
| 179 | | | Thin oil station assembly | | | 4# | | | Tai | | | 2006-06-30 | | | 1 | | | 147,976.00 | | | 140,799.16 | | | 147,976.00 | | | 140,799.16 | | | 147,976.00 | | | 4 | % | | 5,243.27 | | | | |
| 180 | | | Thin oil station assembly | | | 5# | | | Tai | | | 2006-06-30 | | | 1 | | | 147,976.00 | | | 140,799.16 | | | 147,976.00 | | | 140,799.16 | | | 147,976.00 | | | 6 | % | | 8,843.39 | | | | |
| 181 | | | Finished product shear | | | Q11--8*2500 | | | Tai | | | 2006-06-30 | | | 1 | | | 63,734.00 | | | 60,642.92 | | | 63,734.00 | | | 60,642.92 | | | 63,734.00 | | | 15 | % | | 9,792.05 | | | | |
| 182 | | | Finished product shear | | | Q11--8*2500 | | | Tai | | | 2006-06-30 | | | 1 | | | 63,734.00 | | | 60,642.92 | | | 63,734.00 | | | 60,642.92 | | | 63,734.00 | | | 77 | % | | 48,960.03 | | | | |
| 183 | | | Finished product shear | | | Q11--8*2500 | | | Tai | | | 2006-06-30 | | | 1 | | | 63,734.00 | | | 60,642.92 | | | 63,734.00 | | | 60,642.92 | | | 63,734.00 | | | 6 | % | | 3,916.77 | | | | |
| 184 | | | Finished product shear | | | Q11--8*2500 | | | Tai | | | 2006-06-30 | | | 1 | | | 63,734.00 | | | 60,642.92 | | | 63,734.00 | | | 60,642.92 | | | 63,734.00 | | | 27 | % | | 17,135.97 | | | | |
| 185 | | | Finished product shear | | | Q11--8*2500 | | | Tai | | | 2006-06-30 | | | 1 | | | 63,734.00 | | | 60,642.92 | | | 63,734.00 | | | 60,642.92 | | | 63,734.00 | | | 18 | % | | 11,566.80 | | | | |
| 186 | | | Leveling machine | | | 760*1200 | | | Tai | | | 2006-06-30 | | | 1 | | | 4,286,202.28 | | | 4,078,321.47 | | | 4,286,202.28 | | | 4,078,321.47 | | | 5,600,000.00 | | | 98 | % | | 5,488,000.00 | | | | |
| 187 | | | Leveling machine | | | 760*1200 | | | Tai | | | 2006-06-30 | | | 1 | | | 4,286,202.27 | | | 4,078,321.46 | | | 4,286,202.27 | | | 4,078,321.46 | | | 5,600,000.00 | | | 98 | % | | 5,488,000.00 | | | | |
| Subtotal for This Page | | | 39,005,726.55 | | | 37,171,554.57 | | | 39,005,726.55 | | | 37,171,554.57 | | | 41,632,934.00 | | | | | | 40,090,379.03 | | | | |
| Filled by :Yang Shu Hang | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | Unit: RMB/Yuan | |
| | | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | |
| No. | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 188 | | | Annealing furnace | | | 21.5*3*2 | | | Tai | | | 2006-06-30 | | | 1 | | | 2,774,450.00 | | | 2,639,889.17 | | | 2,774,450.00 | | | 2,639,889.17 | | | 2,774,450.00 | | | 95 | % | | 2,639,889.17 | | | | |
| 189 | | | Annealing furnace | | | 21.5*3*2 | | | Tai | | | 2006-06-30 | | | 1 | | | 2,774,450.00 | | | 2,639,889.17 | | | 2,774,450.00 | | | 2,639,889.17 | | | 2,774,450.00 | | | 95 | % | | 2,639,889.17 | | | | |
| 190 | | | Annealing furnace gas generating | | | MQJ2600 | | | Tai | | | 2006-06-30 | | | 1 | | | 361,500.00 | | | 343,967.25 | | | 361,500.00 | | | 343,967.25 | | | 361,500.00 | | | 95 | % | | 343,967.25 | | | | |
| 191 | | | Annealing furnace gas generating | | | MQJ2600 | | | Tai | | | 2006-06-30 | | | 1 | | | 361,500.00 | | | 343,967.25 | | | 361,500.00 | | | 343,967.25 | | | 361,500.00 | | | 95 | % | | 343,967.25 | | | | |
| 192 | | | 17 roller flattener | | | | | | Tai | | | 2006-06-30 | | | 1 | | | 2,134,384.00 | | | 2,030,866.38 | | | 2,134,384.00 | | | 2,030,866.38 | | | 2,561,260.00 | | | 95 | % | | 2,437,039.65 | | | | |
| 193 | | | Roller preheater | | | 1# | | | Tai | | | 2006-06-30 | | | 1 | | | 26,750.00 | | | 25,452.62 | | | 26,750.00 | | | 25,452.62 | | | 32,100.00 | | | 95 | % | | 30,543.14 | | | | |
| 194 | | | Roller preheater | | | 2# | | | Tai | | | 2006-06-30 | | | 1 | | | 26,750.00 | | | 25,452.62 | | | 26,750.00 | | | 25,452.62 | | | 32,100.00 | | | 95 | % | | 30,543.14 | | | | |
| 195 | | | Roller preheater | | | 3# | | | Tai | | | 2006-06-30 | | | 1 | | | 26,750.00 | | | 25,452.62 | | | 26,750.00 | | | 25,452.62 | | | 32,100.00 | | | 95 | % | | 30,543.14 | | | | |
| 196 | | | Roller preheater | | | 4# | | | Tai | | | 2006-06-30 | | | 1 | | | 26,750.00 | | | 25,452.62 | | | 26,750.00 | | | 25,452.62 | | | 32,100.00 | | | 95 | % | | 30,543.14 | | | | |
| 197 | | | Roller preheater | | | 5# | | | Tai | | | 2006-06-30 | | | 1 | | | 26,750.00 | | | 25,452.62 | | | 26,750.00 | | | 25,452.62 | | | 32,100.00 | | | 95 | % | | 30,543.14 | | | | |
| 198 | | | Roller preheating gas generating | | | | | | Tai | | | 2006-06-30 | | | 1 | | | 216,225.00 | | | 205,738.08 | | | 216,225.00 | | | 205,738.08 | | | 216,225.00 | | | 95 | % | | 205,738.08 | | | | |
| 199 | | | Air compressor | | | L-22/7 | | | Tai | | | 2006-06-30 | | | 1 | | | 119,150.00 | | | 113,371.22 | | | 119,150.00 | | | 113,371.22 | | | 119,150.00 | | | 95 | % | | 113,371.22 | | | | |
| 200 | | | Air compressor | | | L-22/7 | | | Tai | | | 2006-06-30 | | | 1 | | | 119,150.00 | | | 113,371.22 | | | 119,150.00 | | | 113,371.22 | | | 119,150.00 | | | 95 | % | | 113,371.22 | | | | |
| 201 | | | Air compressor | | | L-22/7 | | | Tai | | | 2006-06-30 | | | 1 | | | 119,150.00 | | | 113,371.22 | | | 119,150.00 | | | 113,371.22 | | | 119,150.00 | | | 95 | % | | 113,371.22 | | | | |
| 202 | | | Air compressor | | | L-22/7 | | | Tai | | | 2006-06-30 | | | 1 | | | 119,150.00 | | | 113,371.22 | | | 119,150.00 | | | 113,371.22 | | | 119,150.00 | | | 95 | % | | 113,371.22 | | | | |
| 203 | | | Air compressor | | | L-22/7 | | | Tai | | | 2006-06-30 | | | 1 | | | 119,150.00 | | | 113,371.22 | | | 119,150.00 | | | 113,371.22 | | | 119,150.00 | | | 95 | % | | 113,371.22 | | | | |
| 204 | | | Gas storage tin | | | 1# | | | Tai | | | 2006-06-30 | | | 1 | | | 16,620.00 | | | 15,813.93 | | | 16,620.00 | | | 15,813.93 | | | 16,620.00 | | | 95 | % | | 15,813.93 | | | | |
| Subtotal for This Page | | | | | | 9,368,629.00 | | | 8,914,250.43 | | | 9,368,629.00 | | | 8,914,250.43 | | | 9,822,255.00 | | | | | | 9,345,876.30 | | | | |
| Filled by :Yang Shu Hang | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | Unit: RMB/Yuan | |
| | | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | |
| No. | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 205 | | | Gas storage tin | | | 2# | | | Tai | | | 2006-06-30 | | | 1 | | | 16,620.00 | | | 15,813.93 | | | 16,620.00 | | | 15,813.93 | | | 16,620.00 | | | 95 | % | | 15,813.93 | | | | |
| 206 | | | Heat perservation facility | | | | | | Tai | | | 2006-06-30 | | | 1 | | | 556,775.00 | | | 529,771.40 | | | 556,775.00 | | | 529,771.40 | | | 556,775.00 | | | 95 | % | | 529,771.40 | | | | |
| 207 | | | Roller grinding machine | | | | | | Tai | | | 2006-06-30 | | | 1 | | | 1,451,947.56 | | | 1,381,528.10 | | | 1,451,947.56 | | | 1,381,528.10 | | | 1,451,947.56 | | | 95 | % | | 1,381,528.10 | | | | |
| 208 | | | Indoor running vehicle | | | | | | Tai | | | 2006-06-30 | | | 1 | | | 73,448.00 | | | 69,885.80 | | | 73,448.00 | | | 69,885.80 | | | 73,448.00 | | | 95 | % | | 69,885.80 | | | | |
| 209 | | | Indoor running vehicle | | | | | | Tai | | | 2006-06-30 | | | 1 | | | 57,250.00 | | | 54,473.38 | | | 57,250.00 | | | 54,473.38 | | | 57,250.00 | | | 95 | % | | 54,473.38 | | | | |
| 210 | | | Medium-broad band plate shearing machine | | | Q11--13*2500 | | | Tai | | | 2006-06-30 | | | 1 | | | 208,367.00 | | | 198,261.20 | | | 208,367.00 | | | 198,261.20 | | | 208,367.00 | | | 95 | % | | 198,261.20 | | | | |
| 211 | | | Medium-broad band plate shearing machine | | | Q11--13*2500 | | | Tai | | | 2006-06-30 | | | 1 | | | 208,367.00 | | | 198,261.20 | | | 208,367.00 | | | 198,261.20 | | | 208,367.00 | | | 95 | % | | 198,261.20 | | | | |
| 212 | | | Medium-broad band plate shearing machine | | | Q11--13*2500 | | | Tai | | | 2006-06-30 | | | 1 | | | 187,800.00 | | | 178,691.70 | | | 187,800.00 | | | 178,691.70 | | | 187,800.00 | | | 95 | % | | 178,691.70 | | | | |
| 213 | | | Frame crane | | | 10T | | | Tai | | | 2006-06-30 | | | 1 | | | 807,521.00 | | | 768,356.24 | | | 807,521.00 | | | 768,356.24 | | | 807,521.00 | | | 95 | % | | 768,356.24 | | | | |
| 214 | | | Packing box plate shearing machine | | | | | | Tai | | | 2006-06-30 | | | 1 | | | 51,300.00 | | | 48,811.95 | | | 51,300.00 | | | 48,811.95 | | | 51,300.00 | | | 95 | % | | 48,811.95 | | | | |
| 215 | | | Joining-machine | | | | | | Tai | | | 2006-06-30 | | | 1 | | | 19,125.00 | | | 18,197.46 | | | 19,125.00 | | | 18,197.46 | | | 19,125.00 | | | 95 | % | | 18,197.46 | | | | |
| 216 | | | Shaping machine | | | | | | Tai | | | 2006-06-30 | | | 1 | | | 10,180.00 | | | 9,686.26 | | | 10,180.00 | | | 9,686.26 | | | 10,180.00 | | | 95 | % | | 9,686.26 | | | | |
| 217 | | | Boiler | | | 4t | | | Tai | | | 2006-06-30 | | | 1 | | | 510,700.00 | | | 485,931.04 | | | 510,700.00 | | | 485,931.04 | | | 510,700.00 | | | 95 | % | | 485,931.04 | | | | |
| 218 | | | Crane | | | L=19.5 | | | Tai | | | 2006-06-30 | | | 1 | | | 420,000.00 | | | 399,630.00 | | | 420,000.00 | | | 399,630.00 | | | 504,000.00 | | | 95 | % | | 479,556.00 | | | | |
| 219 | | | Crane | | | L=19.5 | | | Tai | | | 2006-06-30 | | | 1 | | | 400,000.00 | | | 380,600.02 | | | 400,000.00 | | | 380,600.02 | | | 480,000.00 | | | 95 | % | | 456,720.02 | | | | |
| 220 | | | Crane | | | L=19.5 | | | Tai | | | 2006-06-30 | | | 1 | | | 310,000.00 | | | 294,965.02 | | | 310,000.00 | | | 294,965.02 | | | 372,000.00 | | | 95 | % | | 353,958.02 | | | | |
| 221 | | | Crane | | | L=19.5 | | | Tai | | | 2006-06-30 | | | 1 | | | 260,000.00 | | | 247,389.98 | | | 260,000.00 | | | 247,389.98 | | | 312,000.00 | | | 95 | % | | 296,867.98 | | | | |
| Subtotal for This Page | | | | | | 5,549,400.56 | | | 5,280,254.68 | | | 5,549,400.56 | | | 5,280,254.68 | | | 5,827,400.56 | | | | | | 5,544,771.68 | | | | |
| Filled by :Yang Shu Hang | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | Unit: RMB/Yuan | |
| | | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | |
| No. | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 222 | | | Crane | | | L=16.5 | | | Tai | | | 2006-06-30 | | | 1 | | | 280,000.00 | | | 266,420.02 | | | 280,000.00 | | | 266,420.02 | | | 336,000.00 | | | 95 | % | | 319,704.02 | | | | |
| 223 | | | Crane | | | L=16.5 | | | Tai | | | 2006-06-30 | | | 1 | | | 250,000.00 | | | 237,875.02 | | | 250,000.00 | | | 237,875.02 | | | 300,000.00 | | | 95 | % | | 285,450.02 | | | | |
| 224 | | | Crane | | | L=16.5 | | | Tai | | | 2006-06-30 | | | 1 | | | 210,000.00 | | | 199,815.00 | | | 210,000.00 | | | 199,815.00 | | | 252,000.00 | | | 95 | % | | 239,779.00 | | | | |
| 225 | | | Crane | | | L=16.5 | | | Tai | | | 2006-06-30 | | | 1 | | | 210,000.00 | | | 199,815.00 | | | 210,000.00 | | | 199,815.00 | | | 252,000.00 | | | 95 | % | | 239,778.00 | | | | |
| 226 | | | Crane | | | L=13.5 | | | Tai | | | 2006-06-30 | | | 1 | | | 160,000.00 | | | 152,240.02 | | | 160,000.00 | | | 152,240.02 | | | 192,000.00 | | | 95 | % | | 182,688.02 | | | | |
| 227 | | | Crane | | | L=13.5 | | | Tai | | | 2006-06-30 | | | 1 | | | 160,000.00 | | | 152,240.02 | | | 160,000.00 | | | 152,240.02 | | | 192,000.00 | | | 95 | % | | 182,688.02 | | | | |
| 228 | | | Crane | | | L=28.5 | | | Tai | | | 2006-06-30 | | | 1 | | | 400,000.00 | | | 380,600.02 | | | 400,000.00 | | | 380,600.02 | | | 480,000.00 | | | 95 | % | | 456,720.00 | | | | |
| 229 | | | Crane | | | L=13.5 | | | Tai | | | 2006-06-30 | | | 1 | | | 38,000.00 | | | 36,156.98 | | | 38,000.00 | | | 36,156.98 | | | 45,600.00 | | | 95 | % | | 43,388.37 | | | | |
| 230 | | | Crane | | | | | | Tai | | | 2006-06-30 | | | 1 | | | 49,800.00 | | | 47,384.70 | | | 49,800.00 | | | 47,384.70 | | | 49,800.00 | | | 95 | % | | 47,384.70 | | | | |
| 231 | | | Planer | | | | | | Tai | | | 2006-06-30 | | | 1 | | | 33,800.00 | | | 32,160.68 | | | 33,800.00 | | | 32,160.68 | | | 33,800.00 | | | 95 | % | | 32,160.68 | | | | |
| 232 | | | Level grinding machine | | | | | | Tai | | | 2006-06-30 | | | 1 | | | 115,000.00 | | | 109,422.52 | | | 115,000.00 | | | 109,422.52 | | | 115,000.00 | | | 95 | % | | 109,422.52 | | | | |
| 233 | | | Drill press | | | | | | Tai | | | 2006-07-07 | | | 1 | | | 25,000.00 | | | 23,787.52 | | | 25,000.00 | | | 23,787.52 | | | 25,000.00 | | | 95 | % | | 23,787.52 | | | | |
| 234 | | | Water supply system | | | | | | Tai | | | 2006-07-13 | | | 1 | | | 934,410.00 | | | 889,091.11 | | | 934,410.00 | | | 889,091.11 | | | 1,121,290.00 | | | 95 | % | | 1,066,909.33 | | | | |
| 235 | | | Drainage system | | | | | | Tai | | | 2006-07-28 | | | 1 | | | 1,180,000.00 | | | 1,122,770.02 | | | 1,180,000.00 | | | 1,122,770.02 | | | 1,416,000.00 | | | 95 | % | | 1,347,324.02 | | | | |
| 236 | | | Power supply system | | | | | | Tai | | | 2006-07-29 | | | 1 | | | 4,800,000.00 | | | 4,567,200.00 | | | 4,800,000.00 | | | 4,567,200.00 | | | 5,760,000.00 | | | 95 | % | | 5,480,640.00 | | | | |
| 237 | | | Water cooling system | | | | | | Tai | | | 2006-08-07 | | | 1 | | | 41,000.00 | | | 39,011.48 | | | 41,000.00 | | | 39,011.48 | | | 49,200.00 | | | 95 | % | | 46,813.77 | | | | |
| 238 | | | Crane | | | L=13.5 | | | Tai | | | 2006-08-22 | | | 1 | | | 38,000.00 | | | 36,464.15 | | | 38,000.00 | | | 36,464.15 | | | 38,000.00 | | | 96 | % | | 36,464.15 | | | | |
| Subtotal for This Page | | | | | | 8,925,010.00 | | | 8,492,454.26 | | | 8,925,010.00 | | | 8,492,454.26 | | | 10,657,690.00 | | | | | | 10,141,102.14 | | | | |
| Filled by :Yang Shu Hang | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | Unit: RMB/Yuan | |
| | | | | | | | | | | | | | | | | | | | |
| No. | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | Remark | |
| 239 | | | 9 roller flattener | | | | | | Tai | | | 2006-09-30 | | | 2 | | | 117,000.00 | | | 114,258.65 | | | 117,000.00 | | | 114,258.65 | | | 117,000.00 | | | 98 | % | | 114,258.65 | | | | |
| 240 | | | 30 tons pusher | | | | | | Tai | | | 2006-10-31 | | | 2 | | | 376,000.00 | | | 360,803.35 | | | 376,000.00 | | | 360,803.35 | | | 376,000.00 | | | 96 | % | | 360,803.35 | | | | |
| 241 | | | Compressor | | | | | | Tai | | | 2006-10-31 | | | 1 | | | 6,800.00 | | | 6,635.09 | | | 6,800.00 | | | 6,635.09 | | | 6,800.00 | | | 98 | % | | 6,635.09 | | | | |
| 242 | | | Axial fan | | | | | | Tai | | | 2006-11-30 | | | 91 | | | 93,560.00 | | | 92,047.45 | | | 93,560.00 | | | 92,047.45 | | | 93,560.00 | | | 98 | % | | 92,047.45 | | | | |
| 243 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 244 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 245 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 246 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 247 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 248 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 249 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 250 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 251 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 252 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 253 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 254 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Subtotal for This Page | | | 593,360.00 | | | 573,744.54 | | | 593,360.00 | | | 573,744.54 | | | 593,360.00 | | | | | | 573,744.54 | | | | |
| Total | | | 176,874,863.30 | | | 137,850,336.69 | | | 176,874,863.30 | | | 137,850,336.69 | | | 201,474,582.42 | | | | | | 157,670,585.93 | | | | |
| Filled by :Yang Shu Hang | | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | | | | | | | Unit: RMB/Yuan | |
| | | | | Vehicle | | Travelled | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | | |
| No. | | No. | | Title Specification | | distance (Kilometers) | | Measurement Unit | | Date | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | |
Remark | |
| 1 | | | | Tractor 069423 | | | | | | 2004-01-31 | | 9000 | | 7,302.50 | | 9000 | | 7,302.50 | | 5000 | | 81% | | 4,050.00 | | | |
| 2 | | | | Audi saloon car2.8T | | 269600 | | Liang | | 2002-04-01 | | 516200 | | 282,533.39 | | 516200 | | 282,533.39 | | 516200 | | 55% | | 283,910.00 | | | |
| 3 | | | | Beijing Futian Car | | 62000 | | Liang | | 2002-10-01 | | 44308 | | 26,400.09 | | 44308 | | 26,400.09 | | 24308 | | 60% | | 14,584.80 | | | |
| 4 | | | | Tractor | | | | Liang | | 2003-05-01 | | 15250 | | 11,634.07 | | 15250 | | 11,634.07 | | 10250 | | 76% | | 7,790.00 | | | |
| 5 | | | | Trail car | | | | Liang | | 2003-06-01 | | 3500 | | 2,707.86 | | 3500 | | 2,707.86 | | 2500 | | 77% | | 1,925.00 | | | |
| 6 | | | | JETTA1.6 | | 237000 | | Liang | | 2003-07-30 | | 159156.12 | | 112,000.69 | | 159156.12 | | 112,000.69 | | 98000 | | 70% | | 68,600.00 | | | |
| 7 | | | | JETTA1.6 | | 199000 | | Liang | | 2003-07-30 | | 159156.12 | | 112,000.69 | | 159156.12 | | 112,000.69 | | 98000 | | 70% | | 68,600.00 | | | |
| 8 | | | | XiaLi1.1 | | 80000 | | Liang | | 2003-07-30 | | 57103.56 | | 40,184.72 | | 57103.56 | | 40,184.72 | | 27103.56 | | 70% | | 18,972.49 | | | |
| 9 | | | | Lexus | | | | Liang | | 2006-12-31 | | 912,000.00 | | 912,000.00 | | 912,000.00 | | 912,000.00 | | 912,000.00 | | 100% | | 912,000.00 | | | |
| 10 | | | | 12 Trail Car | | | | Liang | | 2000-10-01 | | 1145 | | 460.08 | | 1145 | | 460.08 | | 1145 | | 40% | | 458.00 | | | |
| 11 | | | | Tractor | | | | Liang | | 2000-10-01 | | 989 | | 397.44 | | 989 | | 397.44 | | 989 | | 40% | | 395.60 | | | |
| 12 | | | | Luoyang Tractor | | | | Liang | | 2000-10-01 | | 27690 | | 14,656.80 | | 27690 | | 14,656.80 | | 17690 | | 53% | | 9,375.70 | | | |
| 13 | | | | Tractor | | | | Liang | | 2004-09-29 | | 25000 | | 21,362.55 | | 25000 | | 21,362.55 | | 20000 | | 85% | | 17,000.00 | | | |
| 14 | | | | Lexus SUV3.5 | | 26300 | | Liang | | 2005-05-31 | | 672992 | | 466,271.24 | | 672992 | | 466,271.24 | | 672992 | | 69% | | 464,364.48 | | | |
| 15 | | | | Motorcycle | | | | Liang | | 2005-05-31 | | 4900 | | 3,394.82 | | 4900 | | 3,394.82 | | 3900 | | 69% | | 2,691.00 | | | |
| 16 | | | | BenzS500 | | 53000 | | Liang | | 2005-11-30 | | 1756291 | | 1,387,177.19 | | 1756291 | | 1,387,177.19 | | 1756291 | | 79% | | 1,387,469.89 | | | |
| 17 | | | | Jiefang mini tractor | | 32000 | | Liang | | 2006-05-31 | | 53724.4 | | 48,513.16 | | 53724.4 | | 48,513.16 | | 33724.4 | | 90% | | 30,351.96 | | | |
| Total | | 4,418,405.20 | | 3,448,997.29 | | 4,418,405.20 | | 3,448,997.29 | | 4,200,092.96 | | | | 3,292,538.92 | | | |
| Filled by :Yang Shu Hang | | | | | | | | | | Appraiser: Qi Su Xue |
| | | | | | | | | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | | | | Unit: RMB/Yuan |
| | | | | | | | | | | | Book Value | | Adjusted Book Value | | Appraisal Value | | |
| No. | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | |
| 1 | | Air condition | | Haier | | Tai | | 2004-06-24 | | 7 | | 11,550.00 | | 8,749.20 | | 11,550.00 | | 8,749.20 | | 9,500.00 | | 76% | | 7,220.00 | | |
| 2 | | Electronic weighing balance | | Tengfei | | Tai | | 2004-07-10 | | 1 | | 39,500.00 | | 30,240.58 | | 39,500.00 | | 30,240.58 | | 30,000.00 | | 77% | | 23,100.00 | | |
| 3 | | air condition | | Haier | | Tai | | 2003-06-20 | | 2 | | 5,200.00 | | 3,627.39 | | 5,200.00 | | 3,627.39 | | 4,200.00 | | 70% | | 2,940.00 | | |
| 4 | | Computer | | Dell | | Tai | | 2004-05-05 | | 2 | | 21,300.00 | | 15,962.57 | | 21,300.00 | | 15,962.57 | | 18,000.00 | | 75% | | 13,500.00 | | |
| 5 | | Projector | | Samsung | | Tai | | 2004-05-05 | | 1 | | 32,798.01 | | 24,579.31 | | 32,798.01 | | 24,579.31 | | 20,000.00 | | 75% | | 15,000.00 | | |
| 6 | | Air condition | | KFR-23G | | Tai | | 2004-05-05 | | 1 | | 1,400.00 | | 1,049.10 | | 1,400.00 | | 1,049.10 | | 1,400.00 | | 75% | | 1,050.00 | | |
| 7 | | Computer system | | | | Tai | | 2003-10-31 | | | | 778,500.00 | | 551,956.50 | | 778,500.00 | | 551,956.50 | | 620,000.00 | | 71% | | 440,200.00 | | |
| 8 | | Freezer | | Haier | | Tai | | 2001-09-01 | | 1 | | 3,150.00 | | 1,545.92 | | 3,150.00 | | 1,545.92 | | 1,150.00 | | 49% | | 563.50 | | |
| 9 | | air condition | | gfr-250 | | Tai | | 2002-07-01 | | 1 | | 2,250.00 | | 1,286.00 | | 2,250.00 | | 1,286.00 | | 1,200.00 | | 57% | | 684.00 | | |
| 10 | | air condition | | gfr-230 | | Tai | | 2002-07-01 | | 2 | | 3,900.00 | | 2,229.17 | | 3,900.00 | | 2,229.17 | | 2,500.00 | | 57% | | 1,425.00 | | |
| 11 | | Audio system | | | | Tai | | 2003-01-01 | | 1 | | 4,123.00 | | 2,556.55 | | 4,123.00 | | 2,556.55 | | 1,700.00 | | 62% | | 1,054.00 | | |
| 12 | | Computer system | | | | Tai | | 2003-04-01 | | | | 69,126.00 | | 47,937.50 | | 69,126.00 | | 47,937.50 | | 52,000.00 | | 69% | | 35,880.00 | | |
| 13 | | Computer system | | | | Tai | | 2003-05-01 | | | | 633,591.25 | | 457,408.42 | | 633,591.25 | | 457,408.42 | | 470,000.00 | | 72% | | 338,400.00 | | |
| 14 | | Copy machine | | HP | | Tai | | 2003-05-01 | | 1 | | 11,500.00 | | 7,998.90 | | 11,500.00 | | 7,998.90 | | 7,500.00 | | 70% | | 5,250.00 | | |
| 15 | | air condition | | Haier | | Tai | | 2003-06-01 | | 2 | | 5,200.00 | | 3,648.00 | | 5,200.00 | | 3,648.00 | | 4,200.00 | | 70% | | 2,940.00 | | |
| 16 | | air condition | | Gree | | Tai | | 2003-06-01 | | 5 | | 9,000.00 | | 6,278.28 | | 9,000.00 | | 6,278.28 | | 5,000.00 | | 70% | | 3,500.00 | | |
| 17 | | camera | | Sony | | Tai | | 2003-06-01 | | 1 | | 4,000.00 | | 2,790.33 | | 4,000.00 | | 2,790.33 | | 3,000.00 | | 70% | | 2,100.00 | | |
| Subtotal for This Page | | 1,636,088.26 | | 1,169,843.72 | | 1,636,088.26 | | 1,169,843.72 | | 1,251,350.00 | | | | 894,806.50 | | |
| Filled by : Yang Shu Hang | Appraiser: Qi Su Xue |
| Date of filling: March 27, 2007 |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | | Unit: RMB/Yuan |
| | | | | | | | | | | | | | | | | | | |
| No. | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Book Value | | Adjusted Book Value | | Appraisal Value | | Remark |
| | | | | | | | | | | | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | |
| 18 | | Micro-computer | | Dell | | Tai | | 2000-10-01 | | 1 | | 5,700.00 | | 2,290.45 | | 5,700.00 | | 2,290.45 | | 4,000.00 | | 40% | | 1,600.00 | | |
| 19 | | Phone system | | | | Tai | | 2000-10-01 | | 1 | | 55,222.00 | | 22,189.99 | | 55,222.00 | | 22,189.99 | | 30,000.00 | | 40% | | 12,000.00 | | |
| 20 | | Office facility | | | | Tai | | 2000-10-01 | | 1 | | 460,816.45 | | 307,680.25 | | 460,816.45 | | 307,680.25 | | 350,000.00 | | 67% | | 234,500.00 | | |
| 21 | | Fax machine | | Samsung | | Tai | | 2000-10-01 | | 2 | | 8,009.00 | | 2,020.62 | | 8,009.00 | | 2,020.62 | | 3,000.00 | | 25% | | 750.00 | | |
| 22 | | Computer | | Lenovo | | Tai | | 2000-10-01 | | 2 | | 52,505.30 | | 21,098.33 | | 52,505.30 | | 21,098.33 | | 30,000.00 | | 40% | | 12,000.00 | | |
| 23 | | Duplicator | | HP | | Tai | | 2000-10-01 | | 1 | | 28,958.00 | | 7,305.83 | | 28,958.00 | | 7,305.83 | | 12,000.00 | | 25% | | 3,000.00 | | |
| 24 | | Magnetism system | | | | Tai | | 2004-05-31 | | 1 | | 60,000.00 | | 49,976.75 | | 60,000.00 | | 49,976.75 | | 50,000.00 | | 83% | | 41,500.00 | | |
| 25 | | Drinking Water Equipment | | Midea | | Tai | | 2000-10-01 | | 1 | | 59,690.20 | | 1,790.71 | | 59,690.20 | | 1,790.71 | | 37,000.00 | | 3% | | 1,790.71 | | |
| 26 | | Tea heater | | | | Tai | | 2000-12-30 | | 1 | | 1,260.00 | | 771.12 | | 1,260.00 | | 771.12 | | 1,260.00 | | 61% | | 771.12 | | |
| 27 | | Ari condition | | Haier | | Tai | | 2000-10-01 | | 9 | | 10,320.00 | | 4,146.92 | | 10,320.00 | | 4,146.92 | | 6,000.00 | | 40% | | 2,400.00 | | |
| 28 | | air condition | | Mitsubishi | | Tai | | 2000-10-01 | | 2 | | 12,214.00 | | 4,907.99 | | 12,214.00 | | 4,907.99 | | 8,000.00 | | 40% | | 3,200.00 | | |
| 29 | | Flat elctronic weighing balance | | Zhengzhou Tengfei | | Tai | | 2003-04-01 | | 1 | | 9,000.00 | | 6,866.00 | | 9,000.00 | | 6,866.00 | | 9,000.00 | | 76% | | 6,866.00 | | |
| 30 | | Electronic bonding balance | | Zhengzhou Tengfei | | Tai | | 2003-04-01 | | 1 | | 15,000.00 | | 11,443.41 | | 15,000.00 | | 11,443.41 | | 15,000.00 | | 76% | | 11,443.41 | | |
| 31 | | Electronic pendant balance | | Zhengzhou Tengfei | | Tai | | 2003-04-01 | | 1 | | 38,800.00 | | 29,600.60 | | 38,800.00 | | 29,600.60 | | 38,800.00 | | 76% | | 29,600.60 | | |
| 32 | | Electronic pendant balance | | Zhengzhou Tengfei | | Tai | | 2000-10-01 | | 4 | | 106,026.00 | | 42,604.85 | | 106,026.00 | | 42,604.85 | | 106,026.00 | | 40% | | 42,604.85 | | |
| 33 | | Platform balance | | Tianjin Quanxing | | Tai | | 2000-10-01 | | 1 | | 86,632.00 | | 34,811.61 | | 86,632.00 | | 34,811.61 | | 86,632.00 | | 40% | | 34,811.61 | | |
| 34 | | Ground balance | | Tianjin Quanxing | | Tai | | 2000-10-01 | | 8 | | 25,427.00 | | 10,217.42 | | 25,427.00 | | 10,217.42 | | 25,427.00 | | 40% | | 10,217.42 | | |
| Subtotal for This Page | | 1,035,579.95 | | 559,722.85 | | 1,035,579.95 | | 559,722.85 | | | | | | 449,055.72 | | |
Filled by :Yang Shu Hang Appraiser: Qi Su Xue |
| |
| Date of filling: March 27, 2007 |
| Assets owneræTianjin Daqiuzhuang Metal Sheet Co., Ltd. | | Unit: RMB/Yuan | |
| | | | | | | | | | | | | | | | | | | |
| No. | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Book Value | | Adjusted Book Value | | Appraisal Value | | Remark |
| | | | | | | | | | | | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | |
| 35 | | Lenovo computer | | | | Tai | | 2004-09-03 | | 1 | | 60,900.00 | | 34,317.15 | | 60,900.00 | | 34,317.15 | | 50,000.00 | | 56% | | 28,000.00 | | |
| 36 | | Fingerprint attendance Machine | | | | Tai | | 2004-09-15 | | 1 | | 4,300.00 | | 2,422.99 | | 4,300.00 | | 2,422.99 | | 3,000.00 | | 56% | | 1,680.00 | | |
| 37 | | Air condition | | Haier | | Tai | | 2004-08-08 | | 1 | | 6,100.00 | | 3,338.68 | | 6,100.00 | | 3,338.68 | | 4,100.00 | | 55% | | 2,255.00 | | |
| 38 | | Computer | | Lenovo | | Tai | | 2004-10-08 | | 1 | | 4,950.00 | | 2,869.35 | | 4,950.00 | | 2,869.35 | | 4,000.00 | | 58% | | 2,320.00 | | |
| 39 | | Drinking water boiler | | | | Tai | | 2005-01-30 | | 1 | | 3,900.00 | | 2,449.85 | | 3,900.00 | | 2,449.85 | | 3,900.00 | | 63% | | 2,449.85 | | |
| 40 | | Automatic door | | Doublestar | | Tai | | 2005-01-30 | | 1 | | 12,500.00 | | 7,852.14 | | 12,500.00 | | 7,852.14 | | 12,500.00 | | 63% | | 7,852.14 | | |
| 41 | | computer | | Lenovo | | Tai | | 2005-03-14 | | 3 | | 19,260.00 | | 12,721.23 | | 19,260.00 | | 12,721.23 | | 19,260.00 | | 66% | | 12,721.23 | | |
| 42 | | Air condition | | Haier | | Tai | | 2005-03-25 | | 1 | | 1,580.00 | | 1,043.65 | | 1,580.00 | | 1,043.65 | | 1,580.00 | | 66% | | 1,043.65 | | |
| 43 | | Freezer | | Haier | | Tai | | 2005-04-30 | | 1 | | 3,900.00 | | 2,639.00 | | 3,900.00 | | 2,639.00 | | 3,900.00 | | 68% | | 2,639.00 | | |
| 44 | | Printer | | Samsung | | Tai | | 2005-04-30 | | 1 | | 4,900.00 | | 3,315.60 | | 4,900.00 | | 3,315.60 | | 4,900.00 | | 68% | | 3,315.60 | | |
| 45 | | Attendance machine | | | | Tai | | 2005-04-30 | | 1 | | 3,800.00 | | 2,571.40 | | 3,800.00 | | 2,571.40 | | 3,800.00 | | 68% | | 2,571.40 | | |
| 46 | | Packer | | | | Tai | | 2005-06-28 | | 1 | | 6,184.00 | | 4,384.47 | | 6,184.00 | | 4,384.47 | | 6,184.00 | | 71% | | 4,384.47 | | |
| 47 | | Freezing machine group | | Haier | | Tai | | 2005-06-30 | | 2 | | 40,000.00 | | 29,074.77 | | 40,000.00 | | 29,074.77 | | 40,000.00 | | 73% | | 29,074.77 | | |
| 48 | | Computer | | Dell | | Tai | | 2005-08-01 | | 2 | | 12,760.00 | | 9,459.36 | | 12,760.00 | | 9,459.36 | | 12,760.00 | | 74% | | 9,459.36 | | |
| 49 | | Transformer | | | | Tai | | 2005-08-01 | | 1 | | 11,500.00 | | 8,525.28 | | 11,500.00 | | 8,525.28 | | 11,500.00 | | 74% | | 8,525.28 | | |
| 50 | | Computer | | Dell | | Tai | | 2005-09-01 | | 1 | | 7,180.00 | | 5,438.80 | | 7,180.00 | | 5,438.80 | | 7,180.00 | | 76% | | 5,438.80 | | |
| 51 | | Plotting machine | | | | Tai | | 2005-09-01 | | 1 | | 18,500.00 | | 14,013.80 | | 18,500.00 | | 14,013.80 | | 18,500.00 | | 76% | | 14,013.80 | | |
| Subtotal for This Page | | 222,214.00 | | 146,437.52 | | 222,214.00 | | 146,437.52 | | 207,064.00 | | | | 137,744.35 | | |
| Filled by :Yang Shu Hang | Appraiser: Qi Su Xue |
| |
| Date of filling: March 27, 2007 |
| Assets owneræTianjin Daqiuzhuang Metal Sheet Co., Ltd. | | Unit: RMB/Yuan | |
| No. | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Book Value | | Adjusted Book Value | | Appraisal Value | | Remark |
| | | | | | | | | | | | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | |
| 52 | | Drive tester | | | | Tai | | 2005-09-01 | | 1 | | 86,500.00 | | 65,523.70 | | 86,500.00 | | 65,523.70 | | 86,500.00 | | 76% | | 65,523.70 | | |
| 53 | | Notebook computer | | NEC | | Tai | | 2005-11-30 | | 1 | | 12,800.00 | | 10,109.91 | | 12,800.00 | | 10,109.91 | | 12,800.00 | | 79% | | 10,109.91 | | |
| 54 | | computer | | Lenovo | | Tai | | 2006-03-31 | | 7 | | 36,820.00 | | 31,462.66 | | 36,820.00 | | 31,462.66 | | 36,820.00 | | 85% | | 31,462.66 | | |
| 55 | | Notebook computer | | Dell | | Tai | | 2006-04-30 | | 1 | | 13,988.00 | | 12,178.88 | | 13,988.00 | | 12,178.88 | | 13,988.00 | | 87% | | 12,178.88 | | |
| 56 | | Electronic pendant balance | | Zhengzhou Tengfei | | Tai | | 2006-04-30 | | 2 | | 25,000.00 | | 21,766.64 | | 25,000.00 | | 21,766.64 | | 25,000.00 | | 87% | | 21,766.64 | | |
| 57 | | Tea heater | | | | Tai | | 2006-04-30 | | 1 | | 3,900.00 | | 3,395.60 | | 3,900.00 | | 3,395.60 | | 3,900.00 | | 87% | | 3,395.60 | | |
| 58 | | Air condition | | Mitsubishi | | Tai | | 2006-06-30 | | 4 | | 9,800.00 | | 8,849.42 | | 9,800.00 | | 8,849.42 | | 9,800.00 | | 90% | | 8,849.42 | | |
| 59 | | computer | | Lenovo | | Tai | | 2006-06-30 | | 2 | | 10,520.00 | | 9,499.58 | | 10,520.00 | | 9,499.58 | | 10,520.00 | | 90% | | 9,499.58 | | |
| 60 | | Food selling system | | | | Tai | | 2006-06-30 | | 1 | | 11,500.00 | | 10,384.48 | | 11,500.00 | | 10,384.48 | | 11,500.00 | | 90% | | 10,384.48 | | |
| 61 | | Power supply | | | | Tai | | 2006-06-30 | | 1 | | 37,300.00 | | 34,284.90 | | 37,300.00 | | 34,284.90 | | 37,300.00 | | 92% | | 34,284.90 | | |
| 62 | | Four-door fridge | | Haier | | Tai | | 2006-06-30 | | 1 | | 3,400.00 | | 3,125.15 | | 3,400.00 | | 3,125.15 | | 3,400.00 | | 92% | | 3,125.15 | | |
| 63 | | air condition | | Changhong | | Tai | | 2006-06-30 | | 1 | | 3,350.00 | | 3,079.20 | | 3,350.00 | | 3,079.20 | | 3,350.00 | | 92% | | 3,079.20 | | |
| 64 | | computer | | Tongfang | | Tai | | 2006-07-07 | | 1 | | 3,940.00 | | 3,685.20 | | 3,940.00 | | 3,685.20 | | 3,940.00 | | 94% | | 3,685.20 | | |
| 65 | | Infrared surveillance system | | | | Tai | | 2006-07-18 | | 1 | | 27,327.00 | | 25,559.84 | | 27,327.00 | | 25,559.84 | | 27,327.00 | | 94% | | 25,559.84 | | |
| 66 | | computer | | Lenovo | | Tai | | 2006-07-19 | | 1 | | 5,450.00 | | 5,361.89 | | 5,450.00 | | 5,361.89 | | 5,450.00 | | 98% | | 5,361.89 | | |
| 67 | | Tea heater | | | | Tai | | 2006-07-22 | | 1 | | 35,000.00 | | 31,605.02 | | 35,000.00 | | 31,605.02 | | 35,000.00 | | 90% | | 31,605.02 | | |
| 68 | | Communication system | | | | Tai | | 2006-08-22 | | 1 | | 91,063.00 | | 84,240.98 | | 91,063.00 | | 84,240.98 | | 91,063.00 | | 93% | | 84,240.98 | | |
| Subtotal for This Page | | 417,658.00 | | 364,113.05 | | 417,658.00 | | 364,113.05 | | 417,658.00 | | | | 364,113.05 | | |
| Filled by :Yang Shu Hang | Appraiser: Qi Su Xue |
| |
| Date of filling: March 27, 2007 |
| Assets owneræTianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | Unit: RMB/Yuan | |
| No. | | Equipment Name | | Specification | | Measurement Unit | | Purchage Date | | Quantity | | Book Value | | Adjusted Book Value | | Appraisal Value | | Remark |
| | | | | | | | | | | | | Original Value | | Net Value | | Original Value | | Net Value | | Replacement Value | | Residue Ratio | | Evaluated Value | | |
| 69 | | Platform balance | | Tianjin Quanxing | | Tai | | 2006-08-07 | | 1 | | 158,516.00 | | 150,827.96 | | 158,516.00 | | 150,827.96 | | 158,516.00 | | 95% | | 150,827.96 | | |
| 70 | | Water pump | | | | Tai | | 2006-11-30 | | 3 | | 35,500.00 | | 34,065.20 | | 35,500.00 | | 34,065.20 | | 35,500.00 | | 96% | | 34,065.20 | | |
| 71 | | Dorm CATV system | | | | | | 2006-12-31 | | | | 30,000.00 | | 30,000.00 | | 30,000.00 | | 30,000.00 | | 30,000.00 | | 100% | | 30,000.00 | | |
| 72 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 73 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 74 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 75 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 76 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 77 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 78 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 79 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 80 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 81 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 82 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 83 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 84 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Subtotal for This Page | | 224,016.00 | | 214,893.16 | | 224,016.00 | | 214,893.16 | | 224,016.00 | | | | 214,893.16 | | |
| Total | | 3,535,556.21 | | 2,455,010.30 | | 3,535,556.21 | | 2,455,010.30 | | 2,912,233.00 | | | | 2,060,612.78 | | |
| Assets owneræTianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | | | | | | | Unit: RMB/Yuan |
| | | | | | | | | | | | | | | | | | | | | | | | |
| No. | Land Use Certificate No. | | Land Location | | Acquiring Date | | Land Use Purpose | | Number of Year for Valid Usage | | Area (m2) | | Original Value | | Book Value | | Adjusted Book Value | | Appraisal Value | | Increased Value | | Increase Rateû |
| 1 | Collective use (2001Renewed) No. 082 | | Baiyi Road No 35, Daqiuzhuang Town | | 2001.8.15 | | Workshop | | 50 years | | 40030 | | 11398589.4 | | 7,979,012.58 | | 7,979,012.58 | | 13,563,498.33 | | 5,584,485.75 | | 70% |
| 2 | Collective use (2001Renewed) No. 134 | | Gangtuanxi Road No.6, Daqiuzhuang Town | | 2001.10.9 | | Workshop | | 50 years | | 27460 | | 8000000 | | 3,066,666.51 | | 3,066,666.51 | | 9,339,145.99 | | 6,272,479.48 | | 205% |
| 3 | Collective use (2001Renewed) No. 049 | | Northern side of Yingfeng Road | | 2001.5.29 | | Business Service | | 50 years | | 4611.3 | | 4327876.06 | | 3029513.25 | | 3029513.25 | | 1,553,700.68 | | -1,475,812.57 | | -49% |
| 4 | | | | | | | | | | | | | | | | | | | | | | | |
| 5 | | | | | | | | | | | | | | | | | | | | | | | |
| 6 | | | | | | | | | | | | | | | | | | | | | | | |
| 7 | | | | | | | | | | | | | | | | | | | | | | | |
| 8 | | | | | | | | | | | | | | | | | | | | | | | |
| 9 | | | | | | | | | | | | | | | | | | | | | | | |
| 10 | | | | | | | | | | | | | | | | | | | | | | | |
| 11 | | | | | | | | | | | | | | | | | | | | | | | |
| 12 | | | | | | | | | | | | | | | | | | | | | | | |
| 13 | | | | | | | | | | | | | | | | | | | | | | | |
| 14 | | | | | | | | | | | | | | | | | | | | | | | |
| 15 | | | | | | | | | | | | | | | | | | | | | | | |
| 16 | | | | | | | | | | | | | | | | | | | | | | | |
| Total | | | | | | | | | | | | 23,726,465.46 | | 14,075,192.34 | | 14,075,192.34 | | 24,456,345.00 | | 10,381,152.66 | | 74% |
| | | | | | | | | |
| Filled by: Yang Shu Hang | | | | | | Appraiser: Qi Su Xue |
| Date of filling: March 27, 2007 | | | | | | | | | | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | Unit: RMB/Yuan |
| No. | | Item | | Book Value | | Adjusted Book Value | | Appraisal Value | | Increased Value | | Increase Rate% |
| | | | | | | | | | | | | |
9—1 | | Short-term loans | | 236,230,000.00 | | 236,230,000.00 | | 236,230,000.00 | | 0.00 | | 0% |
| | | | | | | | | | | | | |
| 9—2 | | Notes payable | | 63,600,000.00 | | 63,600,000.00 | | 63,600,000.00 | | 0.00 | | 0% |
| | | | | | | | | | | | | |
| 9—3 | | Accounts payable | | 23,414,791.63 | | 23,414,791.63 | | 23,414,791.63 | | 0.00 | | 0% |
| | | | | | | | | | | | | |
| 9—4 | | Advance from customers | | 8,530,435.51 | | 8,530,435.51 | | 8,530,435.51 | | 0.00 | | 0% |
| | | | | | | | | | | | | |
| 9—5 | | Accounts of consigned goods | | | | | | | | | | |
| | | | | | | | | | | | | |
| 9—6 | | Other accounts payable | | 1,636,182.35 | | 1,636,182.35 | | 1,636,182.35 | | 0.00 | | 0% |
| | | | | | | | | | | | | |
| 9—7 | | Wages payable | | 5,541,124.46 | | 5,541,124.46 | | 5,541,124.46 | | 0.00 | | 0% |
| | | | | | | | | | | | | |
| 9—8 | | Welfare payable | | | | | | | | | | |
| | | | | | | | | | | | | |
| 9—9 | | Taxes payable | | 42,056,174.09 | | 42,056,174.09 | | 42,056,174.09 | | 0.00 | | 0% |
| | | | | | | | | | | | | |
| 9—10 | | Retirement pension | | | | | | | | | | |
| | | | | | | | | | | | | |
| 9—11 | | Other fund unpaid | | | | | | | | | | |
| | | | | | | | | | | | | |
| 9—12 | | Accured expenses | | | | | | | | | | |
| | | | | | | | | | | | | |
| 9—13 | | Long-term loans due within one year | | | | | | | | | | |
| | | | | | | | | | | | | |
| 9—14 | | Other current liabilities | | 2,758,499.10 | | 2,758,499.10 | | 2,758,499.10 | | 0.00 | | 0% |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| 8 | | Total current liabilities | | 383,767,207.14 | | 383,767,207.14 | | 383,767,207.14 | | 0.00 | | 0% |
| Filled by : Yang Shu Hang | Appraiser: Qi Su Xue |
| |
| Date of filling: March 27, 2007 |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | Unit: RMB/Yuan | | |
| No. | | Account Name (Balance Recipient) | | Issue Date | | Maturity Date | | Annual Interest Rate% | | Currency | | Book Value of Foreign Currency | | Exchange Rate at the Appraisal Benchmark Date | | Book Value | | Adjusted Book Value | | Appraisal Value | | Increase Rate% | |
| 1 | | | Agricultural Bank of China, Jinghai County, Daqiuzhuang Branch | | | 3/10/2006 | | | 3/8/2007 | | | 6.696 | % | | RMB | | | | | | | | | 8,100,000.00 | | | 8,100,000.00 | | | 8,100,000.00 | | | | |
| 2 | | | Agricultural Bank of China, Jinghai County, Daqiuzhuang Branch | | | 4/26/2006 | | | 2007-4-26 | | | 6.696 | % | | RMB | | | | | | | | | 20,250,000.00 | | | 20,250,000.00 | | | 20,250,000.00 | | | | |
| 3 | | | Agricultural Bank of China, Jinghai County, Daqiuzhuang Branch | | | 10/8/2006 | | | 10/8/2007 | | | 7.6500 | % | | RMB | | | | | | | | | 26,730,000.00 | | | 26,730,000.00 | | | 26,730,000.00 | | | | |
| 4 | | | Agricultural Bank of China, Jinghai County, Daqiuzhuang Branch | | | 10/24/2006 | | | 10/19/2007 | | | 7.344 | % | | RMB | | | | | | | | | 10,000,000.00 | | | 10,000,000.00 | | | 10,000,000.00 | | | | |
| 5 | | | Agricultural Bank of China, Jinghai County, Daqiuzhuang Branch | | | 10/24/2006 | | | 10/24/2007 | | | 7.344 | % | | RMB | | | | | | | | | 10,000,000.00 | | | 10,000,000.00 | | | 10,000,000.00 | | | | |
| 6 | | | China Construction Bank, Jinghai Branch | | | 8/15/2006 | | | 8/14/2007 | | | 6.630 | % | | RMB | | | | | | | | | 7,290,000.00 | | | 7,290,000.00 | | | 7,290,000.00 | | | | |
| 7 | | | China Construction Bank, Jinghai Branch | | | 8/21/2006 | | | 8/20/2007 | | | 6.936 | % | | RMB | | | | | | | | | 4,860,000.00 | | | 4,860,000.00 | | | 4,860,000.00 | | | | |
| 8 | | | Bank of China, Jinghai Branch | | | 10/18/2006 | | | 10/18/2007 | | | 6.120 | % | | RMB | | | | | | | | | 9,000,000.00 | | | 9,000,000.00 | | | 9,000,000.00 | | | | |
| 9 | | | Shenzhen Development Bank,Tianjin Branch | | | 2/10/2006 | | | 2/10/2007 | | | 5.859 | % | | RMB | | | | | | | | | 20,000,000.00 | | | 20,000,000.00 | | | 20,000,000.00 | | | | |
| 10 | | | Shenzhen Development Bank,Tianjin Branch | | | 3/9/2006 | | | 3/9/2007 | | | 5.859 | % | | RMB | | | | | | | | | 11,000,000.00 | | | 11,000,000.00 | | | 11,000,000.00 | | | | |
| 11 | | | Shenzhen Development Bank,Tianjin Branch | | | 3/23/2006 | | | 3/23/2007 | | | 5.859 | % | | RMB | | | | | | | | | 9,000,000.00 | | | 9,000,000.00 | | | 9,000,000.00 | | | | |
| 12 | | | China Merchant Bank,Pingshandao Brach | | | 6/6/2006 | | | 6/1/2007 | | | 6.1425 | % | | RMB | | | | | | | | | 15,000,000.00 | | | 15,000,000.00 | | | 15,000,000.00 | | | | |
| 13 | | | China Merchant Bank, Pingshandao Brach | | | 6/6/2006 | | | 5/25/2007 | | | 6.1425 | % | | RMB | | | | | | | | | 10,000,000.00 | | | 10,000,000.00 | | | 10,000,000.00 | | | | |
| 14 | | | China Merchant Bank, Pingshandao Brach | | | 6/6/2006 | | | 6/5/2007 | | | 6.1425 | % | | RMB | | | | | | | | | 10,000,000.00 | | | 10,000,000.00 | | | 10,000,000.00 | | | | |
| 15 | | | China Merchant Bank, Pingshandao Brach | | | 8/15/2006 | | | 8/14/2007 | | | 6.1425 | % | | RMB | | | | | | | | | 10,000,000.00 | | | 10,000,000.00 | | | 10,000,000.00 | | | | |
| 16 | | | China Merchant Bank, Pingshandao Brach | | | 9/26/2006 | | | 9/25/2007 | | | 6.426 | % | | RMB | | | | | | | | | 15,000,000.00 | | | 15,000,000.00 | | | 15,000,000.00 | | | | |
| 17 | | | Shanghai Pudong Development Bank, Tianjin Branch | | | 3/8/2006 | | | 3/7/2007 | | | 6.138 | % | | RMB | | | | | | | | | 10,000,000.00 | | | 10,000,000.00 | | | 10,000,000.00 | | | | |
| 18 | | | Shanghai Pudong Development Bank, Tianjin Branch | | | 7/19/2006 | | | 7/18/2007 | | | 6.435 | % | | RMB | | | | | | | | | 20,000,000.00 | | | 20,000,000.00 | | | 20,000,000.00 | | | | |
| 19 | | | Shanghai Pudong Development Bank, Tianjin Branch | | | 11/14/2006 | | | 11/14/2007 | | | 6.732 | % | | RMB | | | | | | | | | 10,000,000.00 | | | 10,000,000.00 | | | 10,000,000.00 | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | 236,230,000.00 | | | 236,230,000.00 | | | 236,230,000.00 | | | | |
| Filled by: Yang Shu Hang | | | Appraiser: Qi Su Xue | | |
| | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | | | Unit: RMB/Yuan |
| | | | | | | | | |
| No. | | Account Name (Balance Recipient) | | Issue Date | | Maturity Date | | Book Value | | Adjusted Book Value | | Appraisal Value | | Increase Rate% | | Remark |
| 1 | | Agricultural Bank of China, Jinghai County, Daqiuzhuang Branch | | 9/19/2006 | | 3/19/2007 | | 9,000,000.00 | | 9,000,000.00 | | 9,000,000.00 | | | | |
| 2 | | Agricultural Bank of China, Jinghai County, Daqiuzhuang Branch | | 11/14/2006 | | 5/14/2007 | | 3,000,000.00 | | 3,000,000.00 | | 3,000,000.00 | | | | |
| 3 | | Bank of China, Jinghai Branch | | 10/9/2006 | | 4/9/2007 | | 11,600,000.00 | | 11,600,000.00 | | 11,600,000.00 | | | | |
| 4 | | Shanghai Pudong Development Bank | | 10/25/2006 | | 4/25/2007 | | 20,000,000.00 | | 20,000,000.00 | | 20,000,000.00 | | | | |
| 5 | | Shanghai Pudong Development Bank | | 11/14/2006 | | 5/14/2007 | | 20,000,000.00 | | 20,000,000.00 | | 20,000,000.00 | | | | |
| 6 | | | | | | | | | | | | | | | | |
| 7 | | | | | | | | | | | | | | | | |
| 8 | | | | | | | | | | | | | | | | |
| 9 | | | | | | | | | | | | | | | | |
| 10 | | | | | | | | | | | | | | | | |
| 11 | | | | | | | | | | | | | | | | |
| 12 | | | | | | | | | | | | | | | | |
| 13 | | | | | | | | | | | | | | | | |
| 14 | | | | | | | | | | | | | | | | |
| 15 | | | | | | | | | | | | | | | | |
| 16 | | | | | | | | | | | | | | | | |
| 17 | | | | | | | | | | | | | | | | |
| 18 | | | | | | | | | | | | | | | | |
| 19 | | | | | | | | | | | | | | | | |
| 20 | | | | | | | | | | | | | | | | |
| Subtotal for This Page | | | | 63,600,000.00 | | 63,600,000.00 | | 63,600,000.00 | | | | |
| Total | | | | 63,600,000.00 | | 63,600,000.00 | | 63,600,000.00 | | | | |
| | | | | | | | | | | | | |
| Filled by : Yang Shu Hang | | | | | | | | Appraiser: Qi Su Xue |
| | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | | | |
Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | | | | | Unit: RMB/Yuan | |
| | | | | | | | | | | | | | | | |
| No. | | Account Name (Balance Recipient) | | Account Age | | Business Description | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark | |
| 1 | | | Tianjin Zhenghai Industry and Trade Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 4,597,544.30 | | | 4,597,544.30 | | | 4,597,544.30 | | | | |
| 2 | | | Tangshan Kaiping District Xingye Rolling Factory | | | Less than three Months | | | Payment for goods | | | 2,049,434.06 | | | 2,049,434.06 | | | 2,049,434.06 | | | | |
| 3 | | | Tianjin Juxintongda Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 23,332.61 | | | 23,332.61 | | | 23,332.61 | | | | |
| 4 | | | Tianjin Maohong Industry and Trade Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 1,286.45 | | | 1,286.45 | | | 1,286.45 | | | | |
| 5 | | | Tianjin Xingwang Steel Structure Engineering Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 1,240,000.00 | | | 1,240,000.00 | | | 1,240,000.00 | | | | |
| 6 | | | Ronggang Auto Team | | | Less than three Months | | | Payment for goods | | | 888,090.84 | | | 888,090.84 | | | 888,090.84 | | | | |
| 7 | | | Hebei Bazhou Wanrun Roller Factory | | | Less than three Months | | | Payment for goods | | | 571,728.00 | | | 571,728.00 | | | 571,728.00 | | | | |
| 8 | | | Beijing Shoutehengyuan Construction Engineering Corporation | | | Less than three Months | | | Payment for goods | | | 419,940.00 | | | 419,940.00 | | | 419,940.00 | | | | |
| 9 | | | Junliangcheng Metallurgical Lifting Equipment Factory | | | Less than three Months | | | Payment for goods | | | 382,128.65 | | | 382,128.65 | | | 382,128.65 | | | | |
| 10 | | | Beijing Shouanda Mechanical Equipment Co.,LTD. | | | Less than three Months | | | Payment for goods | | | 260,240.00 | | | 260,240.00 | | | 260,240.00 | | | | |
| 11 | | | Tianjin Raoli Machine Manufacturing Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 243,785.00 | | | 243,785.00 | | | 243,785.00 | | | | |
| 12 | | | Daqiuzhuang Dongyuan Indoor Fitting | | | Less than three Months | | | Payment for goods | | | 240,480.00 | | | 240,480.00 | | | 240,480.00 | | | | |
| 13 | | | Tianjin Lanye Water Disposal Engineering Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 175,000.00 | | | 175,000.00 | | | 175,000.00 | | | | |
| 14 | | | Tianjin Jinghai County Luwangxin Hardwares Distribution Agency | | | Less than three Months | | | Payment for goods | | | 139,394.56 | | | 139,394.56 | | | 139,394.56 | | | | |
| 15 | | | Tianjin Shengteng Industry and Trade Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 136,725.24 | | | 136,725.24 | | | 136,725.24 | | | | |
| 16 | | | Changzhou Tianrun Roller Manufacturing Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 136,342.50 | | | 136,342.50 | | | 136,342.50 | | | | |
| 17 | | | Shengda Auto Team | | | Less than three Months | | | Payment for goods | | | 132,659.07 | | | 132,659.07 | | | 132,659.07 | | | | |
| Subtotal for This Page | | | | | | 11,638,111.28 | | | 11,638,111.28 | | | 11,638,111.28 | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| Filled by :Yang Shu Hang | | | | | | | | | | | | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | | | | | | | | | | | | | |
Date of filling: March 27, 2007 | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
| No. | | Account Name(Balance Recipient) | | Account Age | | Business Description | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark | |
| 18 | | | Tianjin Tianchongjiang Tianchonggong Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 132,000.00 | | | 132,000.00 | | | 132,000.00 | | | | |
| 19 | | | Tianjin Lulie Mechanical Knife Flake Distribution Agency | | | Less than three Months | | | Payment for goods | | | 130,000.00 | | | 130,000.00 | | | 130,000.00 | | | | |
| 20 | | | Tianjin Xiqing District Fufa Lubricate Oil Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 127,177.80 | | | 127,177.80 | | | 127,177.80 | | | | |
| 21 | | | Feicheng Hengyuan Mechanicals Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 126,936.00 | | | 126,936.00 | | | 126,936.00 | | | | |
| 22 | | | Beijing Capital Steel Machine and Electronics Co.,Ltd, Heavy Machine Division | | | Less than three Months | | | Payment for goods | | | 126,000.00 | | | 126,000.00 | | | 126,000.00 | | | | |
| 23 | | | Tianjin Dagang Fulida Hardwares Processing Factory | | | Less than three Months | | | Payment for goods | | | 120,032.21 | | | 120,032.21 | | | 120,032.21 | | | | |
| 24 | | | Hebei Qinghe County Jinlong Co,Ltd. | | | Less than three Months | | | Payment for goods | | | 91,990.00 | | | 91,990.00 | | | 91,990.00 | | | | |
| 25 | | | Tianjin Tongyuan Technology Development Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 87,500.00 | | | 87,500.00 | | | 87,500.00 | | | | |
| 26 | | | Jinan Engine Vehicles Factory, Ji County Division | | | Less than three Months | | | Payment for goods | | | 85,200.00 | | | 85,200.00 | | | 85,200.00 | | | | |
| 27 | | | Tianjin Jinghai County Duliu Town Zhennan Gear Wheel Factory | | | Less than three Months | | | Payment for goods | | | 84,142.50 | | | 84,142.50 | | | 84,142.50 | | | | |
| 28 | | | Tianjin Xuchenyang Business and Trade Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 81,846.76 | | | 81,846.76 | | | 81,846.76 | | | | |
| 29 | | | Tianjin Jinghai County Dalong Power Switch Co.,Ltd. | | | Six-nine months | | | Payment for goods | | | 74,200.00 | | | 74,200.00 | | | 74,200.00 | | | | |
| 30 | | | Baitou Haoshi Industrial Pumps Factory | | | Less than three Months | | | Payment for goods | | | 71,270.00 | | | 71,270.00 | | | 71,270.00 | | | | |
| 31 | | | Duliu Construction Corporation | | | Less than three Months | | | Payment for goods | | | 70,000.00 | | | 70,000.00 | | | 70,000.00 | | | | |
| 32 | | | Qinghe Longxing Auto&Motorcycle Component Parts Factory | | | Less than three Months | | | Payment for goods | | | 65,700.00 | | | 65,700.00 | | | 65,700.00 | | | | |
| 33 | | | Tianjin Qiu Ri Business and Trade Co.,ltd. | | | Less than three Months | | | Payment for goods | | | 63,174.09 | | | 63,174.09 | | | 63,174.09 | | | | |
| 34 | | | Taiyuan Iron and Steel Group Roller Factory | | | More than nine months | | | Payment for goods | | | 62,280.20 | | | 62,280.20 | | | 62,280.20 | | | | |
| | | | | | | | | | | | | 1,599,449.56 | | | 1,599,449.56 | | | 1,599,449.56 | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | Appraiser: Qi Su Xue | |
Date of filling: March 27, 2007 | | | | | | | | | | | | | | | | | | | |
Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | | | | | Unit: RMB/Yuan | |
| | | | | | | | | | | | | | | | |
| No. | | Account Name (Balance Recipient) | | Account Age | | Business Description | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark | |
| 35 | | | Tianjin Hongxinhaoluo Shaft Distribution Agency | | | Less than three Months | | | Payment for goods | | | 59,390.00 | | | 59,390.00 | | | 59,390.00 | | | | |
| 36 | | | Jinnan Auto Team | | | Less than three Months | | | Payment for goods | | | 49,199.45 | | | 49,199.45 | | | 49,199.45 | | | | |
| 37 | | | Xingtai Gangzhong Roller Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 43,938.97 | | | 43,938.97 | | | 43,938.97 | | | | |
| 38 | | | Tianjin Jinghai Heshuntong Hardwares Distribution Agency | | | Less than three Months | | | Payment for goods | | | 43,190.33 | | | 43,190.33 | | | 43,190.33 | | | | |
| 39 | | | Kunwang Construction Engineering Co.,ltd. | | | Less than three Months | | | Payment for goods | | | 42,930.00 | | | 42,930.00 | | | 42,930.00 | | | | |
| 40 | | | Tianjin Jinghai Juxing Compressor Distribution Agency | | | Less than three Months | | | Payment for goods | | | 36,595.70 | | | 36,595.70 | | | 36,595.70 | | | | |
| 41 | | | Shandong Lubei Appliances Manufacturing Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 32,500.00 | | | 32,500.00 | | | 32,500.00 | | | | |
| 42 | | | Tianjin Yuehai Electronic Equipment Co.,Ltd. | | | Six-nine months | | | Payment for goods | | | 31,030.00 | | | 31,030.00 | | | 31,030.00 | | | | |
| 43 | | | Tianjin Jinghai Maoshengfa Components Distribution Agency | | | Less than three Months | | | Payment for goods | | | 30,791.71 | | | 30,791.71 | | | 30,791.71 | | | | |
| 44 | | | Tianjin haote Industry and Trade Co.,ltd. | | | Less than three Months | | | Payment for goods | | | 30,477.00 | | | 30,477.00 | | | 30,477.00 | | | | |
| 45 | | | Tianjin Huafuxinda Bearing Distribution Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 25,553.88 | | | 25,553.88 | | | 25,553.88 | | | | |
| 46 | | | Cangzhou Yida Machine and Electronic Equipment Co.,ltd. | | | Less than three Months | | | Payment for goods | | | 25,297.50 | | | 25,297.50 | | | 25,297.50 | | | | |
| 47 | | | Tianjin Defa Chemical Gas Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 22,808.00 | | | 22,808.00 | | | 22,808.00 | | | | |
| 48 | | | Tianjin Xinjuda Industry and Trade Co.,ltd. | | | Less than three Months | | | Payment for goods | | | 21,655.00 | | | 21,655.00 | | | 21,655.00 | | | | |
| 49 | | | Beiing Capital Steel Jingshun Roller Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 18,218.50 | | | 18,218.50 | | | 18,218.50 | | | | |
| 50 | | | Tianjin Liangda Machine and Electronic Bearing Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 17,132.16 | | | 17,132.16 | | | 17,132.16 | | | | |
| 51 | | | Tianjin Jinhaili Grease Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 16,066.70 | | | 16,066.70 | | | 16,066.70 | | | | |
| | | | | | | | | | | | | 546,774.90 | | | 546,774.90 | | | 546,774.90 | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | | | | | | | | | | | | | |
Date of filling: March 27, 2007 | | | | | | | | | | | | | | | | | | | |
Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | | | | | Unit: RMB/Yuan | |
| | | | | | | | | | | | | | | | |
| No. | | Account Name(Balance Recipient) | | Account Age | | Business Description | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark | |
| 52 | | | Tianjin Heshilian Technology and Trade Co.,Ltd, Nankai No.2 Subsidiary Company | | | Less than three Months | | | Payment for goods | | | 14,563.00 | | | 14,563.00 | | | 14,563.00 | | | | |
| 53 | | | Feicheng Hengcheng Supply Materials Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 11,600.00 | | | 11,600.00 | | | 11,600.00 | | | | |
| 54 | | | Ma'anshan Juxing(Group)Head Corporation, Bowang Cutting and Grinding Tools Factory | | | Less than three Months | | | Payment for goods | | | 11,590.00 | | | 11,590.00 | | | 11,590.00 | | | | |
| 55 | | | TEDA Tianzhong Machine and Electronics Equipment Repairing and Manufacturing Corporation | | | Less than nine months | | | Payment for goods | | | 10,000.00 | | | 10,000.00 | | | 10,000.00 | | | | |
| 56 | | | Tjianjin Hengyu Steel Structure Engineering Technology Co., Ltd. | | | Six-nine months | | | Payment for goods | | | 2,000.00 | | | 2,000.00 | | | 2,000.00 | | | | |
| 57 | | | Tianjin Shuxiang Gardening Corporation | | | Six-nine months | | | Payment for goods | | | 1,488.00 | | | 1,488.00 | | | 1,488.00 | | | | |
| 58 | | | Tianjin Jinghai County Haotai Hardwares Store | | | Less than three Months | | | Payment for goods | | | 1,355.60 | | | 1,355.60 | | | 1,355.60 | | | | |
| 59 | | | Tianjin Ruixingyuan Industry and Trade Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 700.00 | | | 700.00 | | | 700.00 | | | | |
| 60 | | | Dong Chang Tai | | | Less than three Months | | | Payment for goods | | | 1,633,803.80 | | | 1,633,803.80 | | | 1,633,803.80 | | | | |
| 61 | | | Guo Xi Li | | | Less than three Months | | | Payment for goods | | | 935,721.49 | | | 935,721.49 | | | 935,721.49 | | | | |
| 62 | | | Cheng Qing Hua | | | Less than three Months | | | Payment for goods | | | 765,828.00 | | | 765,828.00 | | | 765,828.00 | | | | |
| 63 | | | Zhang Li | | | Less than three Months | | | Payment for goods | | | 424,711.00 | | | 424,711.00 | | | 424,711.00 | | | | |
| 64 | | | Fang Lian En | | | Less than three Months | | | Payment for goods | | | 337,602.00 | | | 337,602.00 | | | 337,602.00 | | | | |
| 65 | | | Yuan Wen Qing | | | Less than three Months | | | Payment for goods | | | 286,160.00 | | | 286,160.00 | | | 286,160.00 | | | | |
| 66 | | | Nanjing Suyan Trade and Development Industry Co., Ltd. | | | Less than three Months | | | Payment for goods | | | 5,093,334.00 | | | 5,093,334.00 | | | 5,093,334.00 | | | | |
| 67 | | | Shenyang Liaodu Iron and Steel Co.,Ltd. | | | Less than three Months | | | Payment for goods | | | 99,999.00 | | | 99,999.00 | | | 99,999.00 | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | | | Subtotal for This Page | | | | | | | | | 9,630,455.89 | | | 9,630,455.89 | | | 9,630,455.89 | | | | |
| | | | Total | | | | | | | | | 23,414,791.63 | | | 23,414,791.63 | | | 23,414,791.63 | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | Appraiser: Qi Su Xue | |
| | | | | | | | | | | | | | | | | | | | | | | |
Date of filling: March 27, 2007 | | | | | | | | | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | Unit: RMB/Yuan | |
| No. | | Account Name (Balance Recipient) | | Account Age | | Business Description | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark | |
| 1 | | | Guangdong Foshan Shunde District Huiying Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 2,016,666.48 | | | 2,016,666.48 | | | 2,016,666.48 | | | | |
| 2 | | | Qingdao Haixin Business and Trade Co.,Ltd. | | | Less than three months | | | Payment for goods | | | 1,528,256.09 | | | 1,528,256.09 | | | 1,528,256.09 | | | | |
| 3 | | | Shanghai Qiugang Sheet Metal Co.,Ltd. | | | Less than three months | | | Payment for goods | | | 182,743.67 | | | 182,743.67 | | | 182,743.67 | | | | |
| 4 | | | Tianjin Shengze Industry and Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 50,381.86 | | | 50,381.86 | | | 50,381.86 | | | | |
| 5 | | | China Aviation Industry Supply and Marketing Head Corporation, Jiangxi Division | | | Less than three months | | | Payment for goods | | | 807,178.24 | | | 807,178.24 | | | 807,178.24 | | | | |
| 6 | | | Shijiazhuang Heshunda Industry and Trade Co., Ltd | | | Less than three months | | | Payment for goods | | | 415,138.10 | | | 415,138.10 | | | 415,138.10 | | | | |
| 7 | | | Xinjiang Wulumuqi Huibang Industry and Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 311,254.26 | | | 311,254.26 | | | 311,254.26 | | | | |
| 8 | | | Tianjin Dagang Huaming Chemical Plant | | | Less than three months | | | Payment for goods | | | 295,111.90 | | | 295,111.90 | | | 295,111.90 | | | | |
| 9 | | | Xinjiang Wulumuqi Huicheng Business and Trade Co.,Ltd. | | | Less than three months | | | Payment for goods | | | 188,987.92 | | | 188,987.92 | | | 188,987.92 | | | | |
| 10 | | | Shanghai Minna Industry Co.,Ltd. | | | Less than three months | | | Payment for goods | | | 184,263.06 | | | 184,263.06 | | | 184,263.06 | | | | |
| 11 | | | Nanjing Mingrui Steel Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 164,577.13 | | | 164,577.13 | | | 164,577.13 | | | | |
| 12 | | | Henan Zhengzhou Supply Supporting Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 143,461.62 | | | 143,461.62 | | | 143,461.62 | | | | |
| 13 | | | Zhejiang Xingguang Economy and Trade Co. Ltd. | | | Less than three months | | | Payment for goods | | | 130,634.10 | | | 130,634.10 | | | 130,634.10 | | | | |
| 14 | | | Alashankou Mianrui Business and Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 118,613.44 | | | 118,613.44 | | | 118,613.44 | | | | |
| 15 | | | Xuzhou Tongrun Metal Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 116,641.98 | | | 116,641.98 | | | 116,641.98 | | | | |
| 16 | | | Yangzhou Xinxing Metal Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 107,667.80 | | | 107,667.80 | | | 107,667.80 | | | | |
| 17 | | | Kunming Mintian Industry and Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 99,891.59 | | | 99,891.59 | | | 99,891.59 | | | | |
| 18 | | | Tianjin Lianyi Industry and Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 92,127.33 | | | 92,127.33 | | | 92,127.33 | | | | |
| | | | Subtotal for This Page | | | | | | | | | 6,953,596.57 | | | 6,953,596.57 | | | 6,953,596.57 | | | | |
| Filled by :Yang Shu Hang | | Appraiser: Qi Su Xue | |
| Date of filling: March 27, 2007 | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | Unit: RMB/Yuan | |
| No. | | Account Name (Balance Recipient) | | Account Age | | Business Description | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark | |
| 19 | | | Shandong Jining Tonghui Commercial Trading Co., Ltd. | | | Less than three months | | | Payment for goods | | | 89,375.56 | | | 89,375.56 | | | 89,375.56 | | | | |
| 20 | | | Shenyang Liaodu Iron and Steel Co., Ltd. | | | Less than three months | | | Payment for goods | | | 89,275.46 | | | 89,275.46 | | | 89,275.46 | | | | |
| 21 | | | Chongqing Yongdan Supply Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 80,628.92 | | | 80,628.92 | | | 80,628.92 | | | | |
| 22 | | | Sichuan Chengdu Shenghua Supply Materials Co., Ltd, Chongqing Subsidiary company | | | Less than three months | | | Payment for goods | | | 72,169.32 | | | 72,169.32 | | | 72,169.32 | | | | |
| 23 | | | Chongqing Yongdan Supply Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 69,212.79 | | | 69,212.79 | | | 69,212.79 | | | | |
| 24 | | | Tianjin Ruiqiang Packing Materials Co.,Ltd. | | | Less than three months | | | Payment for goods | | | 66,115.35 | | | 66,115.35 | | | 66,115.35 | | | | |
| 25 | | | Hangzhou Ruixin Supply Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 64,248.94 | | | 64,248.94 | | | 64,248.94 | | | | |
| 26 | | | Tianjin Sansheng Electronic Machine Box Factory | | | Less than three months | | | Payment for goods | | | 64,008.90 | | | 64,008.90 | | | 64,008.90 | | | | |
| 27 | | | Inner Mongolia Longfeng Supply Materials Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 57,385.24 | | | 57,385.24 | | | 57,385.24 | | | | |
| 28 | | | Xi'an Xinwang Materials Supply Station | | | Less than three months | | | Payment for goods | | | 54,786.20 | | | 54,786.20 | | | 54,786.20 | | | | |
| 29 | | | Yixing Weisheng Metal Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 53,257.16 | | | 53,257.16 | | | 53,257.16 | | | | |
| 30 | | | Qinghai Xining Zhenning Supply Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 52,768.24 | | | 52,768.24 | | | 52,768.24 | | | | |
| 31 | | | Sichuan Chengdu Shenghua Supply Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 51,531.24 | | | 51,531.24 | | | 51,531.24 | | | | |
| 32 | | | Qing County Haimeng Metal Products Co., Ltd. | | | Less than three months | | | Payment for goods | | | 49,871.80 | | | 49,871.80 | | | 49,871.80 | | | | |
| 33 | | | Dalian Hongcheng Eletronic Motor Co., Ltd. | | | Less than three months | | | Payment for goods | | | 49,201.25 | | | 49,201.25 | | | 49,201.25 | | | | |
| 34 | | | Shaanxi Qingli Business and Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 42,225.48 | | | 42,225.48 | | | 42,225.48 | | | | |
| 35 | | | Wenzhou Jianlong Iron and Steel Co., Ltd. | | | Less than three months | | | Payment for goods | | | 40,631.14 | | | 40,631.14 | | | 40,631.14 | | | | |
| 36 | | | Shandong Liaocheng Xinda Steel Products Co., Ltd. | | | Less than three months | | | Payment for goods | | | 38,824.61 | | | 38,824.61 | | | 38,824.61 | | | | |
| | | | | | | | | | | | | 1,085,517.60 | | | 1,085,517.60 | | | 1,085,517.60 | | | | |
| Filled by :Yang Shu Hang | Appraiser: Qi Su Xue | |
| Date of filling: March 27, 2007 | | | | | | |
| No. | | Account Name (Balance Recipient) | | Account Age | | Business Description | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark | |
| 37 | | | Qingdao Railway Subadministration,Zibo Railway Office Affairs Industry and Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 30,479.14 | | | 30,479.14 | | | 30,479.14 | | | | |
| 38 | | | Fuan Xinmao Cold-rolled Silicon Steel Co., Ltd. | | | Less than three months | | | Payment for goods | | | 29,862.50 | | | 29,862.50 | | | 29,862.50 | | | | |
| 39 | | | Jiangsu Wuxi Dazhuang Supply Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 26,139.73 | | | 26,139.73 | | | 26,139.73 | | | | |
| 40 | | | Hangzhou Longwan Iron and Steel Co., Ltd. | | | Less than three months | | | Payment for goods | | | 25,625.85 | | | 25,625.85 | | | 25,625.85 | | | | |
| 41 | | | Shenyang Yanglongyuang Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 25,592.64 | | | 25,592.64 | | | 25,592.64 | | | | |
| 42 | | | Zhejiang Province Wenling Sanlian Silicon Steel Co., Ltd. (processing) | | | Less than three months | | | Payment for goods | | | 24,825.51 | | | 24,825.51 | | | 24,825.51 | | | | |
| 43 | | | Xingtai Aixier Machine and Electronics Co., Ltd.(processing) | | | Less than three months | | | Payment for goods | | | 23,796.72 | | | 23,796.72 | | | 23,796.72 | | | | |
| 44 | | | Zhejiang Metallurgical Supply Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 21,621.29 | | | 21,621.29 | | | 21,621.29 | | | | |
| 45 | | | Dalian Jinzhou Jinyun Supply Materials Distribution Agency | | | Less than three months | | | Payment for goods | | | 15,534.88 | | | 15,534.88 | | | 15,534.88 | | | | |
| 46 | | | Qingdao Woerfusen Metal Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 15,257.10 | | | 15,257.10 | | | 15,257.10 | | | | |
| 47 | | | Shenyang Rongxiang Metal Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 14,436.23 | | | 14,436.23 | | | 14,436.23 | | | | |
| 48 | | | Dalian Hongqiu Electronic Controll Equipments Co., Ltd. | | | Less than three months | | | Payment for goods | | | 14,423.12 | | | 14,423.12 | | | 14,423.12 | | | | |
| 49 | | | Dalian Haocheng Steel Products Co., Ltd. | | | Less than three months | | | Payment for goods | | | 13,420.62 | | | 13,420.62 | | | 13,420.62 | | | | |
| 50 | | | Changsha Xindong Iron and Steel Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 12,992.02 | | | 12,992.02 | | | 12,992.02 | | | | |
| 51 | | | Tianjin Beichen District Zhiyuan Metal Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 12,388.80 | | | 12,388.80 | | | 12,388.80 | | | | |
| 52 | | | Xuzhou Hengxin Metal Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 11,659.32 | | | 11,659.32 | | | 11,659.32 | | | | |
| 53 | | | Yixing Mingtong Supply Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 11,327.66 | | | 11,327.66 | | | 11,327.66 | | | | |
| 54 | | | Jianhu County Xingda Metal Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 10,905.84 | | | 10,905.84 | | | 10,905.84 | | | | |
| | | | | | | | | | | | | 340,288.97 | | | 340,288.97 | | | 340,288.97 | | | | |
| Filled by :Yang Shu Hang | | Appraiser: Qi Su Xue | |
| Date of filling: March 27, 2007 | | | | | | | | | | | | |
| No. | | Account Name (Balance Recipient) | | Account Age | | Business Description | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark | |
| 55 | | | Dacheng County Huafeng Sawing Equipments Co., Ltd | | | Less than three months | | | Payment for goods | | | 10,328.50 | | | 10,328.50 | | | 10,328.50 | | | | |
| 56 | | | Shanghai Shuaice Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 9,874.18 | | | 9,874.18 | | | 9,874.18 | | | | |
| 57 | | | Shanghai Haiyu Chengye Iron and Steel Co., Ltd. | | | Less than three months | | | Payment for goods | | | 9,028.01 | | | 9,028.01 | | | 9,028.01 | | | | |
| 58 | | | Baodi Aiyang Hardwares Factory | | | Less than three months | | | Payment for goods | | | 8,709.60 | | | 8,709.60 | | | 8,709.60 | | | | |
| 59 | | | Cheng De Yi | | | Less than three months | | | Payment for goods | | | 8,273.00 | | | 8,273.00 | | | 8,273.00 | | | | |
| 60 | | | Tianjin Runcheng Iron Tower Manufacturing Co., Ltd. | | | Less than three months | | | Payment for goods | | | 8,152.38 | | | 8,152.38 | | | 8,152.38 | | | | |
| 61 | | | Shanxi Zonglong Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 7,998.12 | | | 7,998.12 | | | 7,998.12 | | | | |
| 62 | | | Haerbin Huatai Metal Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 7,357.32 | | | 7,357.32 | | | 7,357.32 | | | | |
| 63 | | | Hefei Xinran Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 7,323.48 | | | 7,323.48 | | | 7,323.48 | | | | |
| 64 | | | Chengdu Jiazhou Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 7,226.58 | | | 7,226.58 | | | 7,226.58 | | | | |
| 65 | | | Yancheng Dinghua Supply Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 7,221.95 | | | 7,221.95 | | | 7,221.95 | | | | |
| 66 | | | Chengdu Yuhang Supply Materials Distribution Agency | | | Less than three months | | | Payment for goods | | | 7,211.64 | | | 7,211.64 | | | 7,211.64 | | | | |
| 67 | | | Jiangsu Zongshen Motorcycle Manufacturing Co., Ltd. | | | Less than three months | | | Payment for goods | | | 5,840.00 | | | 5,840.00 | | | 5,840.00 | | | | |
| 68 | | | Liaoning Shenyang Ouyahua Mining Equipment Manufacturing Co., Ltd. | | | Less than three months | | | Payment for goods | | | 5,518.68 | | | 5,518.68 | | | 5,518.68 | | | | |
| 69 | | | Haerbin Jintailai Steel Products Co., Ltd. | | | Less than three months | | | Payment for goods | | | 5,178.36 | | | 5,178.36 | | | 5,178.36 | | | | |
| 70 | | | Shengzhou Deke Electronic Sound Co., Ltd. | | | Less than three months | | | Payment for goods | | | 5,008.00 | | | 5,008.00 | | | 5,008.00 | | | | |
| 71 | | | Zibo Golden Coastline Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 4,359.46 | | | 4,359.46 | | | 4,359.46 | | | | |
| 72 | | | Chengdu Yongdan Business and Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 4,017.70 | | | 4,017.70 | | | 4,017.70 | | | | |
| | | | | | | | | | | 128,626.96 | | | 128,626.96 | | | 128,626.96 | | | | |
| Filled by :Yang Shu Hang | | | | | | | | | | | | | | | Appraiser: Qi Su Xue |
| Date of filling: March 27, 2007 | | | | | | | | | | | | | | | | | | | | | | |
| No. | | Account Name (Balance Recipient) | | Account Age | | Business Description | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark | |
| 73 | | | Shenyang Xinyue Supply Materials Marketing Co., Ltd. | | | Less than three months | | | Payment for goods | | | 3,016.88 | | | 3,016.88 | | | 3,016.88 | | | | |
| 74 | | | Hebei Cangzhou New Century Foreign Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 2,909.60 | | | 2,909.60 | | | 2,909.60 | | | | |
| 75 | | | Tianjin Shengli Machine and Electronics Co., Ltd. | | | Less than three months | | | Payment for goods | | | 2,826.94 | | | 2,826.94 | | | 2,826.94 | | | | |
| 76 | | | Heilongjiang Sanlin Iron and Steel Trade Co., Ltd. | | | Six-Nine Months | | | Payment for goods | | | 2,072.48 | | | 2,072.48 | | | 2,072.48 | | | | |
| 77 | | | Fushun Qingxin Industry and Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 2,034.46 | | | 2,034.46 | | | 2,034.46 | | | | |
| 78 | | | Dalian Wanshengyuan Steel Products Industry and Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 1,835.22 | | | 1,835.22 | | | 1,835.22 | | | | |
| 79 | | | Xuzhou Yongxu Supply Materials Distribution Agency | | | Less than three months | | | Payment for goods | | | 1,651.12 | | | 1,651.12 | | | 1,651.12 | | | | |
| 80 | | | Tianjin Zhongxing Iron and Steel Development Co., Ltd. | | | Less than three months | | | Payment for goods | | | 1,450.80 | | | 1,450.80 | | | 1,450.80 | | | | |
| 81 | | | Nanjing Tuoyuan Supply Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 1,009.58 | | | 1,009.58 | | | 1,009.58 | | | | |
| 82 | | | Changchun Haihuafa Economy and Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 800.00 | | | 800.00 | | | 800.00 | | | | |
| 83 | | | Shengyuang Electronic Motor Eletricity Generating Equipment Co., Ltd. | | | Less than three months | | | Payment for goods | | | 620.96 | | | 620.96 | | | 620.96 | | | | |
| 84 | | | Wendeng Meihua Electronic Motor Factory | | | Less than three months | | | Payment for goods | | | 485.00 | | | 485.00 | | | 485.00 | | | | |
| 85 | | | Xuzhou Yilong Machine and Electronics Technology Co., Ltd. | | | Less than three months | | | Payment for goods | | | 373.74 | | | 373.74 | | | 373.74 | | | | |
| 86 | | | Changcun Puhua Steel Products Economy and Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 332.36 | | | 332.36 | | | 332.36 | | | | |
| 87 | | | Haerbin Hongsheng Metal Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 266.40 | | | 266.40 | | | 266.40 | | | | |
| 88 | | | Qingling Automobile Co., Ltd. | | | Less than three months | | | Payment for goods | | | 241.28 | | | 241.28 | | | 241.28 | | | | |
| 89 | | | Kunming Landa Economy and Trade Co., Ltd. | | | More than nine months | | | Payment for goods | | | 222.23 | | | 222.23 | | | 222.23 | | | | |
| 90 | | | Dalian Deyi Kuangchan Mine Products Supply Co. Ltd | | | Three-six months | | | Payment for goods | | | 188.40 | | | 188.40 | | | 188.40 | | | | |
| | | | | | | | | | | | | 22,337.45 | | | 22,337.45 | | | 22,337.45 | | | | |
| Filled by :Yang Shu Hang | | | | | | | Appraiser: Qi Su Xue | |
| Date of filling: March 27, 2007 | | | | | | | | | | | | | | |
| No. | | Account Name (Balance Recipient) | | Account Age | | Business Description | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark | |
| 91 | | | Weihai Juliweite Electronic Motor Co., Ltd. | | | Less than three months | | | Payment for goods | | | 57.80 | | | 57.80 | | | 57.80 | | | | |
| 92 | | | Fuzhou Fangrong Iron and Steel Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 9.48 | | | 9.48 | | | 9.48 | | | | |
| 93 | | | Weifang Jinyin Supply Materials Co., Ltd. | | | Less than three months | | | Payment for goods | | | 0.60 | | | 0.60 | | | 0.60 | | | | |
| 94 | | | Shenyang Furuisen Business and Trade Co., Ltd. | | | Less than three months | | | Payment for goods | | | 0.08 | | | 0.08 | | | 0.08 | | | | |
| 95 | | | | | | | | | | | | | | | | | | | | | | |
| 96 | | | | | | | | | | | | | | | | | | | | | | |
| 97 | | | | | | | | | | | | | | | | | | | | | | |
| 98 | | | | | | | | | | | | | | | | | | | | | | |
| 99 | | | | | | | | | | | | | | | | | | | | | | |
| 100 | | | | | | | | | | | | | | | | | | | | | | |
| 101 | | | | | | | | | | | | | | | | | | | | | | |
| 102 | | | | | | | | | | | | | | | | | | | | | | |
| 103 | | | | | | | | | | | | | | | | | | | | | | |
| 104 | | | | | | | | | | | | | | | | | | | | | | |
| 105 | | | | | | | | | | | | | | | | | | | | | | |
| 106 | | | | | | | | | | | | | | | | | | | | | | |
| 107 | | | | | | | | | | | | | | | | | | | | | | |
| | | | Subtotal for This Page | | | | | | | | | 67.96 | | | 67.96 | | | 67.96 | | | | |
| | | | Total | | | | | | | | | 8,530,435.51 | | | 8,530,435.51 | | | 8,530,435.51 | | | | |
| Filled by :Yang Shu Hang | | | | | Appraiser: Qi Su Xue | |
| Date of filling: March 27, 2007 | | | | | | | | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | Unit: RMB/Yuan |
| | | | | | | | | | | | | | | |
| No. | | Account Name(Balance Recipient) | | Account Age | | Business Description | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark |
| 1 | | Shen Yan Min | | Less than three months | | Loan | | 93,228.51 | | 93,228.51 | | 93,228.51 | | |
| 2 | | Zhao Feng Xue | | Less than three months | | Loan | | 100,000.00 | | 100,000.00 | | 100,000.00 | | |
| 3 | | Pang Jun | | Less than three months | | Loan | | 100,000.00 | | 100,000.00 | | 100,000.00 | | |
| 4 | | Miao Ru Long | | Less than three months | | Loan | | 6,031.84 | | 6,031.84 | | 6,031.84 | | |
| 5 | | Shi Teng Xiao | | Less than three months | | Loan | | 145,814.36 | | 145,814.36 | | 145,814.36 | | |
| 6 | | Li Xu He | | Less than three months | | Loan | | 264,959.11 | | 264,959.11 | | 264,959.11 | | |
| 7 | | Gao Xian Lin | | Less than three months | | Loan | | 180,857.35 | | 180,857.35 | | 180,857.35 | | |
| 8 | | Meng Xiang Fa | | Less than three months | | Loan | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 9 | | Xue Si Gang | | Less than three months | | Loan | | 227,890.05 | | 227,890.05 | | 227,890.05 | | |
| 10 | | Li Yu Xiang | | Less than three months | | Loan | | 227,401.13 | | 227,401.13 | | 227,401.13 | | |
| 11 | | Zhao Pei Gang | | Less than three months | | Loan | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 12 | | Zhao Yi Jun | | Less than three months | | Loan | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 13 | | Hu Jing Long | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 14 | | Sun Tong Qing | | Less than three months | | Loan | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 15 | | Shi Yun Hao | | Less than three months | | Loan | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 16 | | Jiao Yu Dong | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 17 | | Xue You Shui | | Less than three months | | Loan | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 18 | | Zhao Feng | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| Subtotal for this page | | 1,421,182.35 | | 1,421,182.35 | | 1,421,182.35 | | |
| Filled by :Yang Shu Hang | | | | | | | | Appraiser: Qi Su Xue |
| | | | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | Unit: RMB/Yuan |
| No. | | Account Name(Balance Recipient) | | Account Age | | Business Description | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark |
| 19 | | Xiao Ben Hu | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 20 | | Peng Qing Dong | | Less than three months | | Loan | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 21 | | Wang Jian | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 22 | | Yuan Jun Sheng | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 23 | | Wang Yong Xue | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 24 | | Gui Hua De | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 25 | | Xue You Xin | | Less than three months | | Loan | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 26 | | Wan Zheng Lun | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 27 | | Zhang Ji Zhao | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 28 | | Zhao Zhen Zhu | | Less than three months | | Loan | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 29 | | Wu Ye Fang | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 30 | | Sun Cheng Wen | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 31 | | Fan Guo Dong | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 32 | | Shi Jian Jun | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 33 | | Sun Sheng Jie | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 34 | | Liang Shu Jun | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 35 | | Wang Yun Quan | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 36 | | Sun De Xue | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| Subtotal for this page | | 105,000.00 | | 105,000.00 | | 105,000.00 | | |
| Filled by :Yang Shu Hang | | | | | | Appraiser: Qi Su Xue |
| | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | | | Unit: RMB/Yuan |
| | | | | | | | | | | | | | | |
| No. | | Account Name(Balance Recipient) | | Account Age | | Business Description | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark |
| 37 | | Xia Guang Hao | | Less than three months | | Loan | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 38 | | Bao Ji Xian | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 39 | | Zhao Xing | | Less than three months | | Loan | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 40 | | Li Jian Hua | | Less than three months | | Loan | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 41 | | Wu Dong Xue | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 42 | | Wang Shun Xin | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 43 | | An Zai Wei | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 44 | | Lin Long | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 45 | | Zhang Qing Dong | | Less than three months | | Loan | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 46 | | Han Zhen Min | | Less than three months | | Loan | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 47 | | Kong Ling Xiang | | Less than three months | | Loan | | 5,000.00 | | 5,000.00 | | 5,000.00 | | |
| 48 | | Jiang Hai Hong | | Less than three months | | Loan | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 49 | | Zhou Wen Xiang | | Less than three months | | Loan | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 50 | | Yu Zuo Fu | | Less than three months | | Loan | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 51 | | | | | | Loan | | | | | | | | |
| 52 | | | | | | Loan | | | | | | | | |
| 53 | | | | | | Loan | | | | | | | | |
| 54 | | Subtotal for this page | | 110,000.00 | | 110,000.00 | | 110,000.00 | | |
| Total | | 1,636,182.35 | | 1,636,182.35 | | 1,636,182.35 | | |
| | | | | | | |
| Filled by :Yang Shu Hang | | | | | | Appraiser: Qi Su Xue |
| | | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | | Unit: RMB/Yuan |
| | | | | |
| No. | | Department or Content | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark |
| 1 | | Ppojected employeewages for November and December | | 5,541,124.16 | | 5,541,124.16 | | 5,541,124.16 | | |
| 2 | | | | | | | | | | |
| 3 | | | | | | | | | | |
| 4 | | | | | | | | | | |
| 5 | | | | | | | | | | |
| 6 | | | | | | | | | | |
| 7 | | | | | | | | | | |
| 8 | | | | | | | | | | |
| 9 | | | | | | | | | | |
| 10 | | | | | | | | | | |
| 11 | | | | | | | | | | |
| 12 | | | | | | | | | | |
| 13 | | | | | | | | | | |
| 14 | | | | | | | | | | |
| 15 | | | | | | | | | | |
| 16 | | | | | | | | | | |
| 17 | | | | | | | | | | |
| Total | | 5,541,124.16 | | 5,541,124.16 | | 5,541,124.16 | | |
| | | | | | | | | |
| Filled by :Yang Shu Hang | | | | Appraiser: Qi Su Xue | |
| | | | | | |
| Date of filling: March 27, 2007 | | | | | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | Unit: RMB/Yuan |
| No. | | Tax Agency | | Occurance Date | | Tax Type | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark |
| | | | | | | | | | | | | | | |
| 1 | | Bureau of State Taxation of Jinghai County | | 2006.12 | | VAT | | 41477897.43 | | 41477897.43 | | 41477897.43 | | |
| | | | | | | | | | | | | | | |
| 2 | | Local Taxation Bureau of Jinghai County, Daqiuzhuang Office | | 2006.12 | | Sales tax | | 573035.55 | | 573035.55 | | 573035.55 | | |
| | | | | | | | | | | | | | | |
| 3 | | Local Taxation Bureau of Jinghai County, Daqiuzhuang Office | | 2006.12 | | Charge for preventing flood | | 5241.11 | | 5241.11 | | 5241.11 | | |
| | | | | | | | | | | | | | | |
| 4 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| 5 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| 6 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| 7 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| 8 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| 9 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| 10 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| 11 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| 12 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| 13 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| 14 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| 15 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| 16 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| 17 | | | | | | | | 42,056,174.09 | | 42,056,174.09 | | 42,056,174.09 | | |
| | | | | | | | | | | | | | | |
| Total | | | | | | | | | | Appraiser: Qi Su Xue |
| Filled by : Yang Shu Hang |
| |
| Date of filling: March 27, 2007 |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | Unit: RMB/Yuan | |
| No. | | Account NameøBalance Recipient÷ | | Business Description | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark | |
| 1 | | | Unpaide pension insurance fee from Jan. of 2005 to Dec. of 2006 | | | Pension insurance fee | | | 2,758,499.10 | | | 2,758,499.10 | | | 2,758,499.10 | | | | |
| 2 | | | | | | | | | | | | | | | | | | | |
| 3 | | | | | | | | | | | | | | | | | | | |
| 4 | | | | | | | | | | | | | | | | | | | |
| 5 | | | | | | | | | | | | | | | | | | | |
| 6 | | | | | | | | | | | | | | | | | | | |
| 7 | | | | | | | | | | | | | | | | | | | |
| 8 | | | | | | | | | | | | | | | | | | | |
| 9 | | | | | | | | | | | | | | | | | | | |
| 10 | | | | | | | | | | | | | | | | | | | |
| 11 | | | | | | | | | | | | | | | | | | | |
| 12 | | | | | | | | | | | | | | | | | | | |
| 13 | | | | | | | | | | | | | | | | | | | |
| 14 | | | | | | | | | | | | | | | | | | | |
| 15 | | | | | | | | | | | | | | | | | | | |
| 16 | | | | | | | | | | | | | | | | | | | |
| 17 | | | | | | | | | | | | | | | | | | | |
| 18 | | | | | | | | | | | | | | | | | | | |
| Total | | | | | | | | | 2,758,499.10 | | | 2,758,499.10 | | | 2,758,499.10 | | | | |
| Filled by :Yang Shu Hang | | Appraiser: Qi Su Xue | |
| | | | | | | |
| Date of filling: March 27, 2007 | | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | Unit: RMB/Yuan |
| No. | | Item | | Book Value | | Adjusted Book Value | | Appraisal Value | | Increased Value | | Increase Rate % |
10—1 | | Long-term loans | | | | | | | | | | |
| 10—2 | | Bonds payable | | | | | | | | | | |
| 10—3 | | Long-term payable | | 16,000,000.00 | | 16,000,000.00 | | 16,000,000.00 | | | | |
| 10—4 | | Housing Working Fund | | | | | | | | | | |
| 10—5 | | Other long-term liabilities | | | | | | | | | | |
| 10—6 | | Deferred tax credit | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| 9 | | Total current liabilities | | 16,000,000.00 | | 16,000,000.00 | | 16,000,000.00 | | | | |
| Filled by : Yang Shu Hang | | Appraiser: Qi Su Xue |
| | | |
| Date of filling: March 27, 2007 | | | |
| Assets owner:Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | Unit: RMB/Yuan |
| | | |
| No. | | Account Name (Balance Recipient) | | Account Age | | Business Description | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark |
| 1 | | Tianjin Dagang Huaming Chemical Plant | | Less than three months | | Deposit | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 2 | | Tianjin Shengze Industry and Trade Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 3 | | Song Zhi Zhong | | Less than three months | | Deposit | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 4 | | Tianjin Beihua Industrial Trading Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 5 | | Shandong Boxing County Boyuan Supply Materials Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 6 | | Shandong GaomiXinfeng Supply Materials Co., Ltd. | | Less than three months | | Deposit | | 1,000,000.00 | | 1,000,000.00 | | 1,000,000.00 | | |
| 7 | | Shandong Qufu Erqing Industrial Supply and Sales Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 8 | | Shandong Liaocheng Xinda Steel Products Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 9 | | Shandong Zibo Zhoucun Jinzhou Supply Materials Co., Ltd. | | Less than three months | | Deposit | | 1,000,000.00 | | 1,000,000.00 | | 1,000,000.00 | | |
| 10 | | Shandong Jining Tonghui Commercial Trading Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 11 | | Henan Yuanyang Jinxin Metal Sheet Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 12 | | Henan Changge Stone Supply Materials Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 13 | | Jiangsu Wuxi Dazhuang Supply Materials Co., Ltd. | | Less than three months | | Deposit | | 1,000,000.00 | | 1,000,000.00 | | 1,000,000.00 | | |
| 14 | | Jiangsu Zongshen Motorcycle Manufacturing Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 15 | | Zhejiang Wenzhou Jianlong Steel Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 16 | | Zhejiang Metallurgical Supply Materials Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 17 | | Qinghai Xining Zhenning Supply Materials Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 18 | | Chengdu Shenghua Supply Materials Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| Subtotal for This Page | | 9,520,000.00 | | 9,520,000.00 | | 9,520,000.00 | | |
| Filled by : Yang Shu Hang | | | Appraiser: Qi Su Xue |
| | | | |
| Date of filling: March 27, 2007 | | | |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | Unit: RMB/Yuan |
| | | | |
| No. | | Account Name (Balance Recipient) | | Less than three months | | Business Description | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark |
| 19 | | Tianjin Yongxinyuan Industry and Trade Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 20 | | Kunming Mintian Industry and Trade Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 21 | | Shijiazhuang Heshunda Industry and Trade Co., Ltd | | Less than three months | | Deposit | | 100,000.00 | | 100,000.00 | | 100,000.00 | | |
| 22 | | Xuzhou Hengye Metal Sheet Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 23 | | Jiangsu Nantong Guangda Metal Materials Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 24 | | Henan Zhengzhou Supply Supporting Materials Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 25 | | Jiangsu Yancheng Dinghua Supply Materials Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 26 | | Chongqing Yongdan Supply Materials Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 27 | | Nanjing Mingrui Steel Trade Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 28 | | Yangzhou Xinxing Metal Materials Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 29 | | Zhejiang Xingguang Economy and Trade Co., Ltd. | | Less than three months | | Deposit | | 300,000.00 | | 300,000.00 | | 300,000.00 | | |
| 30 | | Nanjing Suyan Trade and Development Industry Co., Ltd. | | Less than three months | | Deposit | | 100,000.00 | | 100,000.00 | | 100,000.00 | | |
| 31 | | Nanjing Wenxuan Metal Industry Co., Ltd. | | Less than three months | | Deposit | | 100,000.00 | | 100,000.00 | | 100,000.00 | | |
| 32 | | Xinjiang Wulumuqi Huibang Industry and Trade Co., Ltd. | | Less than three months | | Deposit | | 100,000.00 | | 100,000.00 | | 100,000.00 | | |
| 33 | | Guangdong Foshan Shunde District Huiying Trade Co., Ltd. | | Less than three months | | Deposit | | 500,000.00 | | 500,000.00 | | 500,000.00 | | |
| 34 | | Shaanxi Baotian Supply Materials Co., Ltd. | | Less than three months | | Deposit | | 100,000.00 | | 100,000.00 | | 100,000.00 | | |
| 35 | | Gansu Chunwang Supply Materials Co., Ltd. | | Less than three months | | Deposit | | 100,000.00 | | 100,000.00 | | 100,000.00 | | |
| 36 | | Alashankou Mianrui Business and Trade Co., Ltd. | | Less than three months | | Deposit | | 100,000.00 | | 100,000.00 | | 100,000.00 | | |
| Subtotal for This Page | | 6,000,000.00 | | 6,000,000.00 | | 6,000,000.00 | | |
| Filled by : Yang Shu Hang | | | Appraiser: Qi Su Xue |
| | | | |
| Date of filling: March 27, 2007 |
| Assets owner: Tianjin Daqiuzhuang Metal Sheet Co., Ltd. | | | Unit: RMB/Yuan |
| | | | |
| No. | | Account Name (Balance Recipient) | | Less than three months | | Business Description | | Book Value | | Ajusted Book Value | | Appraisal Value | | Remark |
| 37 | | Jinfeng Cold&Hot-rolled Plates Co., Ltd. | | Less than three months | | Deposit | | 300,000.00 | | 300,000.00 | | 300,000.00 | | |
| 38 | | Tianjin Beichen District Zhiyuan Metal Materials Co., Ltd. | | Less than three months | | Deposit | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 39 | | LiFengJiang | | Less than three months | | Deposit | | 80,000.00 | | 80,000.00 | | 80,000.00 | | |
| 40 | | Tianjin Yufeng Supply Materials Co., Ltd. | | Less than three months | | Deposit | | 80,000.00 | | 80,000.00 | | 80,000.00 | | |
| 41 | | Tianjin Jinquan Casting. Co., Ltd. | | Less than three months | | Deposit | | 10,000.00 | | 10,000.00 | | 10,000.00 | | |
| 42 | | | | | | | | | | | | | | |
| 43 | | | | | | | | | | | | | | |
| 44 | | | | | | | | | | | | | | |
| 45 | | | | | | | | | | | | | | |
| 46 | | | | | | | | | | | | | | |
| 47 | | | | | | | | | | | | | | |
| 48 | | | | | | | | | | | | | | |
| 49 | | | | | | | | | | | | | | |
| 50 | | | | | | | | | | | | | | |
| 51 | | | | | | | | | | | | | | |
| 52 | | | | | | | | | | | | | | |
| 53 | | | | | | | | | | | | | | |
| 54 | | Subtotal for This Page | | 480,000.00 | | 480,000.00 | | 480,000.00 | | |
| Total | | 16,000,000.00 | | 16,000,000.00 | | 16,000,000.00 | | |
| Filled by : Yang Shu Hang | | Appraiser: Qi Su Xue |
| | | |
| Date of filling: March 27, 2007 | | | |
