MONITORING OF COLLATED PROPERTY

When pledging equipment, attention should be paid to the following questions:

• the importance of equipment for business (involved in the production process or not, how critical is the absence or stoppage of this equipment for the production process, is it possible to quickly replace the equipment). To understand the importance of the equipment for business it is necessary to study the entire technological process and, if possible, display it in schematic form;
• specialized equipment or standard equipment (the market for standard equipment is more developed than specialized equipment)
• year of manufacture and compliance with modern technology (as a rule, these two categories are interrelated, the older the equipment, the greater the chance of obsolescence of the technology for which the equipment was developed)
• completeness of equipment in fact and according to accounting data (documents of title). Accounting for equipment can be carried out as an object of pledge as a whole, and on its individual components.
• Technical condition of the equipment and its serviceability. If the equipment is not involved in the production process, it is difficult to determine its serviceability and completeness. Therefore, when selecting a pledge to such equipment should be treated with caution;
• The possibility of dismantling and transportation of equipment.

Technical audit of production equipment, which conducts TIC, provides an objective assessment of the object of proposed pledge, which significantly reduces the risks of the Pledgee.

The technical audit of the production equipment to be pledged includes:

• verification of technical documentation
• Identification of the object of pledge
• Assessment of conformity of completeness and quality characteristics of the equipment with the accounting data and technical documentation;
• analysis of statistical data on repairs and maintenance performed, the causes and duration of downtime;
• collection, analysis and systematization of information on equipment malfunctions;
• confirmation of actual equipment performance by calculation or instrumental methods;
• collection and analysis of information about the quality and technical condition of units, parts, components, process units and installations, including the use of instrumental methods.

Additional stages of technical audit may include the study of the composition and properties of materials used for the manufacture of products in order to assess their compliance with standards and delivery conditions, as well as risk analysis.

Monitoring of pledged property is an effective tool for minimizing the pledgee’s risks from the breach by the pledgee of its obligations under the pledge agreement.