Grant Thornton Russian Appraisal Receives an International Golden Award for Quality

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Press release, September 13, 2010

Grant Thornton - Russian Appraisal, boasting over 15 years of successful operations in delivering valuation services, has been awarded the "Gold" International Star Award for Quality by the International Quality Convention of Business Initiative Directions (BID) in Geneva, Switzerland. Dmitry Kuvaldin and Sergey Tishakov received the ISAQ award in Geneva from Jose E. Prieto, President of BID.

In September, Geneva hosted the 2010 annual International Quality Convention of BID (Business Initiative Directions), an organization dedicated to supporting successful businesses from different countries in their aspirations to leadership, quality and innovations. Grant Thornton Russian Appraisal, a company boasting over 15 years of successful operation in the domestic valuation market, was awarded the International Star Award for Quality in the “Gold” category.



Jose E. Prieto, President of BID (center), Dmitry Kuvaldin, Partner, Chairman of the Board of Directors of Grant Thornton - Russian Appraisal (right), Sergey Tishakov, Partner (left).




In his acceptance speech in Geneva, Dmitry Kuvaldin noted that Grant Thornton - Russian Appraisal had also received a Russian quality award in the area of audit, valuation, and consulting last year.

“We see our mission as becoming the acknowledged leader of the professional community. The best indicator of our progress is our current rating – Grant Thornton - Russian Appraisal tops two All-Russian ratings in the sphere of valuation and occupies third position in two more ratings.” For a number of years, Grant Thornton - Russian Appraisal has been successfully collaborating with the federal executive bodies, as well as with a number of the largest Russian banks and companies in various economy sectors – energy, machine-building, high tech, construction, insurance and the food industry. Grant Thornton - Russian Appraisal clients includeBank of Russia, Sberbank, VTB, Uralsib, Gazprom, Russian Railways, Aeroflot, Suchoi, as well as state corporations Rostechnologii and Rosnano, Rosgosstrakh.

The International Quality Convention of BID (Business Initiative Directions) is an organization dedicated to supporting successful businesses from different countries in their aspirations to leadership, quality and innovation. BID was founded in 1986 by the creator of the first edition of the QC100 TQM (Òotal Quality Management), Jose E. Prieto. An international organization of various experts including engineers, physicists, mathematicians, economists, sociologists and journalists, BID continues contributing ideas and improvements to the QC100 and giving opportunities for all those companies investing in Quality processes. BID is currently the most important private organization in the world presenting a Quality Award for quality in corporate governance.

The BID certificate confirms the sustainability of the company, its respect for the environment and for the community where the company operates, as well as for delivering high standards of customer service, reducing costs and competitive pricing.

Grant Thornton - Russian Appraisal is the valuation practice of Grant Thornton in Russia, a member of Grant Thornton International, one of the world’s leading organizations of independently owned and managed accounting and consulting firms. These firms provide assurance, tax, and advisory services to privately held businesses and public interest entities. More than 2,500 partners provide clients with distinctive, high quality and personalized services in over 100 countries.