&Nbsp Was Reported Before Listing; Semir Clothing Was Suspected Of Tax Evasion 3 Billion

When the "black widow" Scarlett Johansson was wearing "

Reported on the eve of listing

On the evening of January 20th, the SFC announced that the SFC will hold a working conference in January 24th to review the first application of Zhejiang Semir apparel Limited by Share Ltd (hereinafter referred to as Semir apparel).

However, on the eve of today's meeting, a report on Semir's clothing related tax evasion was sent to reporters. "Semir clothing has a serious problem of escaping from the national tax," the self proclaimed "strong" whistleblower told reporters on 22 January.

Semir apparel main clothing design and development, outsourcing production, clothing marketing and distribution, its main products are "Semir" and "balbala" two major clothing brands.

According to the prospectus, Semir's apparel is expected to issue 70 million shares, accounting for 10.44% of the total share capital issued. It expects to raise 2 billion 56 million of the total investment and invest in two major projects of marketing network construction and information construction.

According to the Semir clothing prospectus, the company's operating income in 2007 -2009 was 1 billion 822 million yuan, 3 billion 322 million yuan and 4 billion 250 million yuan respectively, and the net profit attributable to the owners of the parent company was 150 million yuan, 443 million yuan and 686 million yuan respectively.

Strong said that from the data of its suppliers, sales data and production costs of Semir terminal stores and Barbara terminal stores, between 2003 and 2009, the wholesale and terminal retail data and actual data of Semir apparel and Semir group's external declaration were huge.

It is reported that Semir clothing formerly known as Wenzhou Semir children's clothing, was founded in February 5, 2002.

In July 2, 2007, the overall change was set up for Limited by Share Ltd.

By the end of 2008, Semir's interior assets were reorganized, and Semir's brand casual wear business was acquired from the controlling shareholder Semir group and the actual controller Qiu Guang and so on. Semir group's main business was bought and bought Semir shares.

"Wholesale companies take large quantities of invoices, cash payments and so on to purchase garments from suppliers, which do not correspond to wholesale income. In the retail terminal, sales revenue and costs are not accounted for, and so on, in conjunction with their subsidiaries and stores to evade value added tax and income tax on a large scale".

12 tax departments involved in the investigation

"I have reported to the State Administration of Taxation, the local tax authorities, the Zhejiang provincial Securities Regulatory Commission and the relevant departments of the China Securities Regulatory Commission, as well as the Discipline Inspection Commission at all levels, and all aspects of the investigation are still in progress," he said.

Strong to reporters provided 12 tax departments after receiving the reply letter, the reporter noted that these 12 tax departments have Jiangxi, Hebei, Chongqing, Guizhou, Ningxia, Hainan, Guangxi, Tianjin, Zhejiang, Huizhou ten IRS, as well as the province and two provinces of the local tax bureau.

The prospectus disclosed that during the reporting period, the number of Semir apparel in the country's shops reached 5809, 5159, 4060 and 2903 respectively, while the 12 tax departments were located in Semir's clothing store.

The reporter noted that in the reply of the above 12 tax departments, they had already reported that the materials had been received, and they said they attached great importance to it and were responsible for the investigation according to the scope and procedures of the jurisdiction.

Among them, the Chongqing State Administration of Taxation said in its reply in January 4, 2010 that "internal processing is proceeding according to the reporting procedures.

At present, the content of the report has been submitted to the director of the National Taxation Bureau of our city for approval, and pferred from the reporting center to the Inspection Bureau of the city's Inspection Bureau to carry out the inspection within the city.

"At present, the inspection center and inspection personnel of our city inspection bureau are conducting a preliminary inspection of the case, collecting data, examining and planning the pre plan and deployment of the inspection plan, so that it will take some time to make detailed arrangements because of the Inspection Bureau of the whole city," the Chongqing State Administration of Taxation said in its reply letter.

Chongqing's IRS replied "strong" to the informant.

Also in November 9, 2010, Ningxia's Inland Revenue Department gave a strong reply, also known as "after our bureau's recent investigation, we have identified two brands of" Semir "and" Barbara "in Ningxia's large shopping malls counters, which are supplied by two companies in Ningxia. We initially judged that the two companies might be Ningxia first level franchisees.

But for the "Semir" and "balbala" outlets for individual industrial and commercial households, the purchase channels for their goods are still under investigation, which is more difficult.

According to the above 12 tax departments' reply time, basically in November 3, 2010 to November 25th, "all aspects of the investigation is still in progress.

At present, if the issuance examination committee passes the examination of Zhejiang Semir, it is very inappropriate. It is not responsible for the majority of investors, and it also has great damage to national interests. "

In January 14th, a reporter asked Zheng Hongwei, Secretary of Semir clothing, whether he had received the above 12 local tax authorities' investigation. Zheng Hongwei said that if there was a real investigation, it was also a survey of local agents. "The legal subjects of the company and local agents are different."

Or involve large amounts of tax evasion

In January 23rd, he showed reporters and reporters of the two brands of Semir and Barbara from 2003 to 2009, and told reporters strongly that these data were based on the original financial data of Semir clothing.

According to the total table, the value added tax of the two major brands fled from 2003 to 2009 was about 235 million yuan, and the evasion income tax was 455 million, and the total tax evasion amounted to 690 million.

In the terminal retail sector, the strong calculation of the value added tax from 2003 to 2009 was about 1 billion 11 million, the evasion income tax was 1 billion 472 million, and the total evasion tax was 2 billion 484 million.

The "Semir" clothing provided by reporters to reporters is in the wholesale link.

The "Semir" apparel provided by journalists to reporters in the terminal retail chain

To this end, the total wholesale link and terminal retail link are strongly estimated. The total value added tax of the two companies merged and evaded is about 1 billion 244 million yuan, and the total income tax is about 1 billion 927 million yuan, and the total tax evasion will exceed 3 billion.

According to the combined balance sheet of Semir apparel prospectus, the company's taxes payable in the first half of 2007 to 2010 are 13 million 316 thousand and 900 yuan, 61 million 18 thousand and 800 yuan, 116 million 524 thousand and 600 yuan and 32 million 147 thousand and 100 yuan respectively.

And Semir apparel in the prospectus, said, "the company as an independent taxpayer, independent tax payment according to law".

According to the strong saying, at the end of November last year, the State Administration of Taxation and the national tax authorities launched a nationwide large-scale inspection of tax evasion in Zhejiang. In addition, the State Administration of Taxation commissioned Zhejiang and Wenzhou IRS to investigate Semir headquarters in Wenzhou.

However, in January 24th, when the reporter asked about the results of Zheng Hongwei's investigation, Zheng Hongwei said that he needed to understand the situation again, and refused to interview reporters on the grounds of "meeting immediately".

"Last Saturday, the relevant departments of the securities and Futures Commission have signed my report materials, and we hope to see results as soon as possible," he told reporters today.