Preparing expert opinions is the core activity of the Expert Institute. The character of an expert opinion depends on the purpose for which it is produced. The institute’s experts must be licensed for the subject of the expert opinion (the activity which is to be evaluated by an expert). The expert licences of Znalecký a oceňovací ústav s.r.o. cover a wide range of activities.
On 18 August, 2000 the expert institute was registered pursuant to Section 21 (3) of Act No. 36/1967 Coll. on Experts and Interpreters, and the provisions of Section 6 (1) of Regulation No. 37/1967 Coll., as amended, in the first part of the list of institutes qualified for expert activities for expert opinions required by state authorities and self-regulatory bodies. A resolution of the Ministry of Justice was issued under reg. No. 155/2000 – Zn and was published in the Official Bulletin of the Czech Republic. On the basis of this Resolution the expert institute received an expert licence for the following fields and specializations.
- On the other hand, evaluation is a discipline that is not governed by the Act on Experts and Interpreters and this service can be provided through a Trade Licence. The range of services is wide.
Expert authority
Expert economic activities
- Pricing and valuing real estate
- Pricing and valuing movable items, motor vehicles, machines and equipment
- Pricing and valuing enterprises
- Pricing and valuing securities
- Valuing shares in business companies and participation in cooperatives
- Valuing receivables and investments
Other expert economic activities
- Reviewing the correctness of the price of the enterprise or parts of it when transferring or leasing
- Reviewing the activities of the statutory body from the economic interests viewpoint
- Changes in the company
- Expert opinions on company mergers
- Assessing the value of the pledged ownership interest for a transfer to pay a debt
- Assessingthe adequacy of the price or the exchange rate of securities for a binding offer, taking over or purchasing securities through a public offer of a contract
- Reviewing a controlling contract or a profit transfer contract
- Assessingthe value of assets acquired from the founder, shareholder or other person stated by the law for a consideration of at least 1/10 of the subscribed registered capital
- Reviewing a draft merger contract on merge.
- Assessing the value of non-financial investment contributions or the level of settlement ratios
- Reviewing relations between affiliated subjects
Expert civil engineering opinions
- Engineering structures
- Construction materials
- Transport structures
- Residential structures
- Industrial structures
- Agricultural structures
- Civil facilities structures
Education and culture expertise
- Extent – pictures, glass, china glass, antique furniture
- Expert industrial arts opinions
- Extent – applied arts, applied architecture, furniture
Appraisals
Appraising assets at market prices is an independent expert discipline which is needed more frequently than standard expert opinions. Specifying a standard price is often the initial starting point for the law on valuing assets. The expert institute, through its trade licences or by cooperation with other subjects, provides the most important types of market valuations for all commercial purposes.
Market valuation of the following assets:
- Real estate market valuation – for bank purposes in general
- Mortgage market valuation for all mortgage banks
- All types of movable assets market valuation– in particular technological units, large groups of machines and equipment
- Receivables market valuation
- Market valuation of other types of intangible assets – software, registered trademarks, know-how, securities
- Enterprises market valuation
