The silver velvet industry calls for a thorough investigation of the authenticity of transactions

Source: Internet
Author: User
⊙ reporter Wang Xieqing 0 editor Wu Zhengyi Clear and unclear a paper notice can not calm all walks of life to the Chinese and silver cashmere industry false doubt.  The Shanghai news reporter learned that the afternoon of September 22, Mr Yan law firm Mr Yan to China Securities Regulatory Commission, the real name of the silver Velvet industry, and commissioned a lawyer Zhu Yu to the SFC petition reception room submitted the relevant materials. Mr Yan in the report letter, said in reading the "Shanghai Securities newspaper," the relevant articles, that the credibility of the report is very high, in the silver velvet industry there is a serious suspicion of disclosing false information.  Therefore, the Commission to report to the securities industry suspected part of the export business fraud, cheat Export tax rebate, domestic business authenticity doubts, funds suspected to the related party in vitro precipitation, virtual increase in inventory to adjust profits and so on. SFC Petition Reception room staff in the reception of materials said: "We will report the situation to the relevant business unit, by its preliminary judgment, 7 working days to decide whether to accept, if accepted, will send the" acceptance notice. "September 12, this newspaper published" in the Silver Velvet scam, "The investigation report, causing strong market attention.  In the most concerned export business, according to our correspondent field visits, in the silver Velvet Industry 3 major Hong Kong customers are established through the Secretary of the company, the actual control point to Jansoki, such as 3 Chaoshan Fellow, its identity is the Shenzhen local import and export declaration company salesman, and one of the business is for customers virtual increase foreign trade transactions, cheat export tax rebates.  Insiders judge, claiming to be the industry leader in the silver velvet industry has its own overseas sales platform, through the shell company's external sales are not necessary, the company is difficult to escape the use of purses to increase income, fraud tax refund suspicion. Mr Yan said: "In view of Wanfosenko and so on, I hope that the SFC led by the Joint Ministry of Public Security, the general administration of Customs and other regulatory departments of China and the silver velvet export business of strict investigation, to transfer the relevant funds transfer accounts flow, cargo flow documents and other core evidence to ascertain the authenticity of transactions "Second, the report letter pointed out that the domestic business authenticity of the silver velvet industry, the funds suspected to the relevant party precipitation." According to our correspondent Field interview, in the silver velvet industry, several major domestic customers are gathered in the company's headquarters within 3 km radius, but also the company's important suppliers.  In the long-term through accounts receivable, prepaid bills and other subjects to occupy the company's funds. Mr Yan that: "The company allegedly through the association of unrelated disclosure, resulting in a pen processing business in the account of income and the purchase amount of the financial effect, the authenticity of domestic production value of the question is enormous." "Third, in view of the high inventory of the Chinese silver cashmere industry, the report letter pointed out that in the past years, the Chinese silver cashmere industry continued to climb inventory, but did not make inventory impairment preparation." In contrast, 2011, 2012, the same industry enterprises have made a lot of inventory impairment preparation. From the financial statements, there are a number of key indicators in the Chinese-silver cashmere industry deviate, exposing the weak nature of the liquidity shortage, sustained profitability. This question: "Whether the Chinese and the silver velvet industry side in the profit statement virtual increase in profit, while in the balance sheet of the virtual increase is difficult to assessInventory? "Mr Yan finally said that in order to maintain the three public capital market principles, to prevent listed companies from counterfeiting, to crack down on illegal securities, but also for the facts and the relevant parties responsible for consideration, decided to report to the SFC real name." It is hoped that the SFC will investigate the above situation and conduct a thorough investigation into the Sino-silver cashmere industry. If the media report is true, the market should be fair, if not the fact, should be clarified, but also in the silver velvet industry to innocence.

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