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The document ceased to be valid since  March 17, 2018 according to Item 1 of the Resolution of the State committee of the Republic of Uzbekistan on assistance to the privatized companies and development of the competition of March 9, 2018 No. 01/10-10/13

It is registered

Ministry of Justice

Republic of Uzbekistan

On October 14, 2006 No. 1628

RESOLUTION OF THE STATE COMMITTEE OF THE REPUBLIC OF UZBEKISTAN ON MANAGEMENT OF THE STATE-OWNED PROPERTY

of September 27, 2006 No. 01/23-18/03

About approval of the Regulations on procedure for pre-sale preparation of the companies (objects)

(as amended on 26-01-2015)

1. Approve the enclosed Regulations on procedure for pre-sale preparation of the companies (objects).

2. This Resolution becomes effective after ten days from the moment of its state registration in the Ministry of Justice of the Republic of Uzbekistan.

Chairman of the State Property Committee of the Republic of Uzbekistan

D. Musayev

Approved by the Resolution of the State committee of the Republic of Uzbekistan on management of state-owned property of September 27, 2006 No. 01/23-18/03

Regulations on procedure for pre-sale preparation of the companies (objects)

I. General provisions

1. In this Provision the following concepts are applied:

pre-sale preparation of the companies (objects) - complex of the actions directed to increase in investment appeal of the privatized companies (objects);

diagnostic inspection of the companies (objects) - the complex efficiency analysis of activities of the privatized company (object), including production management system, financial condition, the list of partners, competitors, investors, etc. directed to identification of factors positively and negatively influencing effective activities and development of the company, development of specific proposals;

investment appeal of the company - the system of measures stimulating investments into the company (object), directed to establishment of structure, scales and the directions of their use;

the independent consultant - specialized financial, technical and other organizations.

2. The companies and objects included in privatization programs which financial position does not allow to realize them (their assets) to potential investors on the highest market value can have pre-sale training.

Carrying out pre-sale preparation of the company (object) provides steady financial and economic position of the company, reducing not involved in the main production of property and the equipment, increase in investment appeal and liquidity of the company (object) for realization to potential investors.

3. The decision on carrying out pre-sale preparation of the company (object) is made:

State commission on holding tenders in case of sale of state-owned property to foreign investors on the companies (objects) privatized on individual projects;

Goskomkonkurention's board in coordination with relevant organs of the public or economic board on other companies (objects).

4. When carrying out pre-sale preparation of the companies (objects) it is performed:

complex analysis (diagnostic inspection) of the companies (objects);

assessment of investment appeal of the company (object);

plan development of the organizational, economic, financial actions directed to increase in efficiency of activities and investment appeal of the company (object);

permanent monitoring of accomplishment of the approved actions.

II. Terms of carrying out and payment of pre-sale preparation of the companies (objects)

5. Pre-sale preparation of the company is carried out by the specialized financial, technical and other organizations attracted as independent consultants on the basis of the contracts signed from Goskomkonkurention which, working directly at the company, in time no more than six months carry out the analysis of activities of the company.

6. Terms of carrying out pre-sale preparation are established in respect of organizational, economic, financial actions, at the same time full implementation of the actions plan shall come to an end at least in one month prior to the termination of fixed term of realization of the state assets.

7. The personal responsibility for provision of required reference and other materials and creation of necessary conditions for accomplishment of planned activities is born by the director and officials of body of the public or economic board which part the company (object) is.

8. Fee of auditing, financial, consulting and other foreign and domestic organizations, independent experts on carrying out pre-sale preparation of the state assets is performed Goskomkonkurention in accordance with the established procedure.

III. Diagnostic inspection of the companies (objects)

9. For carrying out the complex analysis (diagnostic inspection) of the company (object) the management of the company (asset holder) represents to the independent consultant:

documents on its financial and economic activities for the previous three years;

copies of the charter and other constituent documents of the company;

balance of the company (No. form 1);

report on financial results (No. form 2);

statistical forms;

data on production capacity;

analytical data on the available reserves necessary for enhancement of management system, production optimization.

10. The independent consultant can request other documents necessary for carrying out diagnostic inspection of the company (object) from the company.

11. Duration of carrying out diagnostic inspection of activities of the company depends on the size of the company, nature and specifics of its problems, but cannot exceed 6 months.

12. Diagnostics of the company (object) is performed in the following procedure:

a) the analysis of organizational and managerial system of the company (taking into account the prospect of development of industry (sector) of economy, to which belongs the company) including:

assessment of the existing management system (availability of strategic objective, availability of the centers of responsibility - profit centers, investments, costs, the income) on the basis of studying of the legal base regulating activities of the company and industry;

assessment of system of subordination, availability of planning systems, accounting, analysis, control, motivation of work (salary, training, social guarantees);

creation and efficiency evaluation of the scheme of interaction between separate structural divisions (scheme of information flows, organization of document flow, etc.);

identification of optimum number of workers, fixed assets, etc.;

b) analysis of productive activity of the company for the following key parameters:

the existing quality control system;

research and developmental work;

investments in development of technologies;

assessment of the existing production capabilities (capacities, quality, assortment);

analysis of condition and use of non-current assets;

c) studying of condition of marketing of the company (sale, supply):

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