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VALUATION CORP. MOSCOW, RUSSIAE-mail: ocenka-co@mtu-net.ru phone:+7 495 9993419 fax:+7 495 4666654 |
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THE VALUATION CORP. CONDUCTS SECURITIES VALUATIONS IN MOSCOW, RUSSIA, AND OTHER RUSSIAN REGIONSSecurities valuation has its unique characteristics in that a security represents a special form of existence of capital and at the same time is a commodity traded on the stock market. However, a security is not a material commodity and its value is determined by the value of the rights given by the security to its holder. Thus, for the owner of shares this is the right to participate in the management, receive dividends, receive a part of the company’s property upon its liquidation, etc.; for the holder of a bill this is the right to negotiate the bill, receive income and collect payment. Therefore, valuation of securities involves a full and accurate analysis of the bundle of rights enjoyed by the holder and determination of the value of these rights. The rights attached to securities are regulated by the Russian Civil Code, Federal Laws “On the Securities Market”, ”On Joint-Stock Companies”, Resolution of the Central Executive Committee and USSR Council of People’s Commissars “On Carrying into Effect the Regulations on the Bill of Exchange and Promissory Note” and other legislative acts and by-laws. The key factors influencing the appraised value of a security are:
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