Tian Feng Energy-saving fraud details exposure involved in all the tickets

In last year's financial verification storm, holding the luck of the day Fung Energy saving finally fell in front of the IPO, after the company was the supervision of the case for investigation, now, with the CSRC punishment decision book issued, the details of the company fake surfaced. It is worth mentioning that, in spite of the parties to give a false listing of the subjective intent, has not yet to cause losses and harm to investors and other reasons, but in the face of a lot of solid evidence, the relevant parties have been severely punished by the regulatory level. A variety of means of forgery according to the SFC, Henan Tianfeng Energy-Saving Plate Technology Co., Ltd. (days Fung Energy-saving) The following illegal facts: The company in 2010 to 2012, through the virtual increase in sales revenue, virtual increase in fixed assets, virtual list of payments and other means of virtual increase in profits and the existence of The IPO declaration documents, including the prospectus, related financial statements, and the days-abundant energy-saving inspection instructions, have been falsely recorded. Retrospective data, for the strict IPO off, at the end of 2012, the Securities and Futures Commission launched a special inspection of financial and accounting information for first-year companies, and in the case of the release and intermediary agencies and so on, from the beginning of April 2013, the regulatory authorities to the proposed IPO enterprises to carry out spot checks, including the days of abundant energy saving 30 companies were It was not long before the company was found to have a problem in the IPO site inspection. June 2013, the SFC formally notified Tianfeng Energy-saving and related intermediary agencies were filed for investigation. Now, with the CSRC punishment decision book issued, the company fake details surfaced. According to the disclosure, in the virtual increase in sales revenue, the company fictitious customers Anhui Long Yan Water Conservancy Project Co., Ltd., such as more than 100 customers sales business, in order to increase sales revenue. From 2010 to 2012, Tian Feng Energy-saving virtual increase in sales revenue of 92.5606 million yuan, the virtual increase in the amount accounted for the year's book sales revenue of 10.22%, 17.54%, 16.43%. The company also has a virtual increase in profits, virtual increase in fixed assets, virtual listed payments and other illegal activities. According to the disclosure, from 2010 to 2012, Tian Feng Energy-saving virtual increase in profits amounted to 34.3902 million yuan, virtual listed to Kaifeng Chemical Materials Trading Co., Ltd. 13 suppliers to pay a total of 29.4414 million yuan, at the same time, the company through fictitious fixed asset procurement and loan interest expenditure capitalization. In addition, from 2010 to 2012, Tian Feng Energy conservation through a variety of ways to conceal related transactions, resulting in the prospectus in the disclosure of related transactions are incomplete, such as the company to take the first and unrelated third parties to sign a sale and purchase contract, and then by the third party and the construction of the days and so on The exchange of substantive related transactions into unrelated transactions, 3 years to circumvent the associated transaction amount of 29.7776 million yuan. At the same time, the SFC found that the company's financial independence, senior management staff are not independent. Even more impressive is, Tianfeng energy-saving "prospectus" disclosed "the parent company balance sheet of December 31, 2011 Monetary Fund balance of 65.4995 million yuan" false record, the actual monetary fund balance should be 35.4995 million yuan; to cover up the differenceDifferent, the company actually forged bank statements. The company's hype if there is no intermediary agencies to "help" it is difficult to complete. The CSRC found that the self-examination and IPO audit papers provided by the law firms have not registered accountants to check the transactions between the company and related parties, cash journals, bank Journal Records, or interviews with the relevant parties. Another law firm, an honest lawyer, did not prepare the inspection plan, the list of due diligence documents stored in the lawyer's computer lists only the materials that the receiving party needs to provide, does not include the inspection procedures, methods of inspection, etc., and fails to reflect the preparation of the lawyer for the inspection work and the record of the work. And as the company's sponsoring agency, Everbright Securities to the company there are obvious abnormal bank statement has not been carefully checked. All of these situations refract the intermediary's failure to conduct due diligence. Unprecedented punishment based on the above situations, the SFC found that the company submitted an IPO application documents, such as the existence of false records, at the same time, the intermediary agencies Everbright Securities, LAD, the heaven is not in accordance with industry standards to perform diligence obligations, issued a report of false records, violations of the relevant provisions of the securities Although many parties said that they do not have a false listing of the subjective intent, has not caused the loss of investors and harm, and actively cooperate with the verification. However, in the face of a lot of solid evidence, finally, the SFC according to the facts, nature, circumstances and social harm, according to the securities law, the relevant parties to different degrees of punishment. Among them, to the Tian Feng Energy-saving to give warning, and a fine of 600,000 yuan, the company's chairman Li Yu Lu, the company's financial controller Sun Yuling to give warning, and respectively fined 300,000 yuan, the director of Wang Wenli to give warning, and a penalty of 100,000 yuan, the Zhang Aijun and other 16 to give warning, and fined 50,000 yuan respectively. In the intermediary organizations, the confiscation of business income of 600,000 yuan, and a fine of 1.2 million yuan, the direct person responsible for Huangcheng, Win Jinghui to give warning, and respectively fined 100,000 yuan. Wang Guohai was given a warning and fined 80,000 yuan. The bid for the heaven of the business revenue confiscated 150,000 yuan, and sentenced to a fine of 300,000 yuan, directly responsible for Wang Lijuan, Zhang to give warning, and sentenced to 100,000 yuan fines respectively. At the same time, Everbright Securities to give warning, confiscated business income of 2.15 million yuan, and a fine of 4.3 million yuan, the sponsor Li Ruiyu, Yurundong to give warning, and respectively fined 300,000 yuan. In addition, the SFC also identified Tianfeng Energy-saving financial director Sun Yuling for the securities market prohibited, lifelong not to be listed company directors, supervisors or senior management positions. Tian Feng Energy-saving Chairman Li Yu LU, Everbright Securities sponsor Li Ruiyu and Yurundong, the signing of the CPA Huangcheng and Win Jinghui are also identified as the securities market is prohibited, within 10 years shall not be engaged in any institution in the securities business or as a listed company directors, supervisors or senior management positions.