Auction for disposal of material assets obtained following the derecognition of fixed assets (funds) at Azerbaijan Railways CJSC 9:00 01.05.2017

According to the Amendments to the Decree of the President of the Republic of Azerbaijan dated July 20, 2009, No 383 On the Establishment of the Azerbaijan Railways Closed Joint Stock Company and the clause no 3.8 of the Decree of the President of the Republic of Azerbaijan dated September 18, 2015, No 622 on Additional Measures to Improve the Activity of the Joint Stock Company, one of the main authorities assigned to Azerbaijan Railways CJSC is a right of administration of assets on its balance sheet, including the transfer of that property from one balance sheet to another, the lease and use, the allocation, the cancellation (liquidation), the assessment, the repurposing and the introduction of this property as a share into projects of which the Company is a participant. In order to ensure that the sale procedures of auctioned alienation of material assets derived from the disposal of assets (funds) from the balance of the Company is not contrary to the legislation, an auction is announced according to the Rules of the Auction for Disposal of Material Assets Obtained Following the Derecognition of Fixed Assets (Funds) at Azerbaijan Railways CJSC, approved by sub-articles 8.1.7 and 8.1.12 of the Charter of Azerbaijan Railways Closed Joint-Stock Company affirmed by the Resolution of the Cabinet of Ministers of the Republic of Azerbaijan dated February 15, 2010, No 36.

The following material assets will be auctioned per enterprises:

  1. Freight Transportation Department
  • Container with a capacity of 3 tons - 1650 pieces.   Starting price for 1 (one) piece is 70.0 AZN
  • Container with a capacity of 5 tons - 400 pieces. Starting price for 1 (one) piece is 100.0 AZN
  • 300 tons of oil residues.                      Starting price for 1 (one) ton is 35.0 AZN
  • Non-ferrous metal (brass) 20 tons.        Starting price for 1 (one) kg is 4.5 AZN
  • Non-ferrous metal (copper) 26 tons.      Starting price for 1 (one) kg is 7.5 AZN
  1. Infrastructure Department
  • Sleepers (concrete) 1000.0 pieces.    Starting price for 1 (one) piece is 5.0 AZN
  • Sleepers (wooden) 1000.0 pieces.     Starting price for 1 (one) piece is 2.0 AZN
  • Non-ferrous metal (Copper) 12 tons.     Starting price for 1 (one) kg is 7.5 AZN
  • Non-ferrous metal (Aluminum) 4 tons.  Starting price for 1 (one) kg is 1.7 AZN

 

Any State Registered resident individual or entity can participate in the auction. To do this, the following documents should be submitted to the auction commission:

  • Application (attachment)
  • Extract from State Registry – a notarized copy (for legal entities)
  • TIN – a notarized copy
  • A power of attorney issued to a person participating in the auction (provided he/she is not a director)
  • Charter – a notarized copy
  • An official certificate from the Tax Committee of the Ministry of Taxes on the legal and actual address, type of activity, debt on the personal account.

The documents should be submitted to the commission by May 22, 2017. The auction will be held on May 30, 2017. Contact phone for details: mob: + (994) 51 515-30-40

AUCTION PARTICIPATION APPLICATION