Asia'S Largest Denim Factory LAN Yan Group Liabilities 2 Billion 500 Million Yuan

< p > < strong > from warm up to fire burning camp > /strong > < /p >.

Zhang Canliang, general manager of Binzhou Shunda Xing material company, once known as a famous entrepreneur in Boxing County, was once promoted by the local government as an example for young entrepreneurs.

But since entering 2014, Zhang Canliang has gradually retired from public view.

In May 6th, when he was invited to talk about the causes and consequences of the joint guarantee loan, Zhang Canliang hesitated, then avoided and finally refused.

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< p > insider introduction: "Zhang Canliang has always been bold and capable."

The reason is that three years ago, Zhang Canliang's Shun Da Xing company reached a joint guarantee loan agreement with nearly 10 enterprises such as Binzhou Li Feng Da and Forster company in order to get the bank's credit. It was unexpected that in the past three years, the operation of Shunda Xing has been running rapidly, until it was declared bankrupt by the relevant departments not long ago.

After Shunda Xingxing was declared bankrupt, its buildings, machinery and equipment, automobiles and Zhang Canliang's property in Binzhou and Qingdao were all included in bankruptcy liquidation.

Even so, Shun Da Xing still left 260 million yuan owed by the bank.

According to the original UNPROFOR agreement, the UNPROFOR parties should not only repay loans unconditionally for Shunda, but even worse, once the incident happened, banks that had been highly vigilant had made decisions on loans, loans and even loans.

"260 million yuan will allow more than 20 companies to close."

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< p > "from holding a group to heating up to holding up debts, and then to burning down the battalion, it is our most direct perception of the future consequences of the UNPROFOR loan system."

Zhang Canliang, an official of the Economic Development Bureau of the Boxing Economic Development Zone, explains that in the case of Mr. Li, in the case of the case, the direct party has only seven or eight, but in addition to having this level of joint guarantee circle, they also have other two level, three tier or even more levels of joint guarantee circle. If the company has a problem, the virus will spread quickly, and the consequences will be "death and death."

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< p > for this, the LAN Yan group, located in Zibo, has provided a model of blood loss.

LAN Yan group is the largest denim factory in Asia. It produces 10 million pieces of denim and 50 million denim garments each year. At the height of its prosperity, there are tens of thousands of employees in the LAN Yan group. It integrates spinning, weaving, dyeing and finishing, and garments. The products have been exported to more than 100 countries and regions in the world.

However, many brilliant "Lan Yan" have been created, and two years ago they began to face the biggest crisis in history.

At this point, LAN Yan group liabilities of up to 2 billion 500 million yuan, in the senior executives were investigated, operating losses, insolvency, unable to repay the debt maturity risk.

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Less than P, the fuse for the explosion of the LAN Yan crisis is that the two local businesses, including Jiaxu chemical industry and Bo pump technology, have gone bankrupt.

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< p > Jia Zhou Chemical Co., Ltd. is a large enterprise in Zibo -- Jiaxun group, which produces mainly two phthalic anhydride, two maleic anhydride, and its total assets are 348 million 560 thousand yuan.

Beginning in February 2012, jiaxzhou paid the gold chain break.

In April 10th, the creditor Qi business bank took the lead in making an emergency and brought bankruptcy to the Zibo Municipal Intermediate People's court.

According to the relevant agreement, LAN Yan assumes 140 million yuan liability for Jiazhou chemical industry.

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< p > > a href= "http://www.91se91.com/news/index_c.asp" > textile industry < /a > the profit is very thin, and in recent years, the market is depressed, and the burden of 140 million yuan is weighed down. The LAN Yan group is in a difficult position immediately.

At the same time, the occurrence of Jiaxu chemical problem seriously affected the credit of the LAN Yan group in various banks, resulting in the difficulty of increasing the loan after the loan was expired, or even not lending, which caused unprecedented difficulties for the operation of the enterprise funds.

Things are still deteriorating. Six months later, the capital chain of Shandong Bo pump technology company, which has the same UNPROFOR agreement with Lan Yan, is broken, which gives the crumbling "Lan Yan" a fatal blow.

At this point, the banks completely lost confidence in the LAN Yan group, and the LAN Yan group became a sick tiger losing supplies.

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< p > it is disturbing that the LAN Yan group is not fighting alone, but it has already established a joint insurance relationship with many local enterprises. That is to say, once the LAN Yan is bankrupt, the larger Domino shock wave will be formed.

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< p > because this kind of "mass casualties" happened in their own side, so that the above officials in Boxing County Development Zone showed a rather pessimistic mood towards the hundreds of large scale enterprises in the county development zone. He even said extreme words like "someone will soon commit suicide".

According to him, the enterprises in the Development Zone, which represent the industrial category of Boxing County, reflect the strength of the whole county, but can not be denied that under the background of the macroeconomic downturn, the credit contraction of banks is an indisputable fact. In order to obtain bank loans, especially in the small and medium sized manufacturing industries, almost all of them participate in various forms of credit guarantee.

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< p > < strong > enterprise self insurance established "a href=" http://www.91se91.com/news/index_c.asp > Credit Union < /a > /strong > /p >

< p > on the one hand, banks are tightening money. On the other hand, enterprises are on the decline.

Losing the hand of finance is not too much to describe the current situation of enterprises with "miserable".

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"P." "I get up every day, not thinking about how to organize production, how to expand the market, but thinking about how to repay loans and loans."

Wang Yuefu, the head of Shandong Hongsheng science and technology company, said that compared with the entrepreneurs and friends around him, the amount of the joint insurance credit of about 10 million yuan in total seems not to be "difficult".

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< p > "looking at the big and small business owners can not melt money, struggling on the line of life and death, life is really tough."

Wang Yuefu said, the key is that the whole enterprise situation goes down, and can not see when it will be over.

He told reporters that the cost of financing for local businesses has risen significantly this year, even among several well-known enterprises.

For example, Wei Qiao venture group of neighboring county Zouping, as an old business in the capital market, has increased its debt issuance cost by 1.5 percentage points over the previous years.

Even so, there are not many enterprises that can get financing, especially bank loans.

Most of the funds of other financial institutions come from banks, too.

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< p > the bad news from Zouping is not only the Wei Qiao group.

Reporters learned in the interview that last year was also listed as the "second richest list of Shandong" Zhu Yuguo, who led the long star group not long ago passed about 6000000000 loans can not repay the news, loans involving more than a dozen banks.

The news is now fully confirmed, and the Shandong Zouping county government has set up a Zouping financial crisis disposal group. Now Binzhou city government and Shandong finance office are involved in this matter.

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Zouping County, with an area of only more than 1200 square kilometers, has developed into one of the top industrial counties in Shandong. The county has more than 5000 enterprises, and 9 listed companies are located in Zouping county. The well-known enterprises include Wei Qiao venture group, Xi Wang Group, fan Gong liquor factory and so on.

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After the debt crisis of Changxing group (P), many people worry that the same scenario will happen to more enterprises.

For example, the county's Ho Sheng group is China's largest bamboo fiber home textile production base, capacity and sales accounted for more than ninety percent of the national bamboo textile market, such a powerful enterprise, the recent news about the problems of the capital chain is more and more, the serious argument is that ho Sheng Group is currently relying mainly on guarantee enterprises to help repay loans and interest.

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< p > another iron and steel enterprise located in Zouping is unable to continue to operate because of 1 million of the 20 million of its loans due to the bank's freezing accounts and assets due to its failure to repay on time.

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< p > similar rumors also involve a large number of local enterprises. Although it can not be confirmed one by one, it is certain that the credit policies of financial institutions are undergoing great changes. Banks are beginning to pressure loans, lend money and grudging loans. Many enterprises in Zouping are experiencing financial constraints and difficulties.

To this end, some entrepreneurs in Zouping county began to act.

According to the press, there are at least two recent events in Zouping. One is the joint initiative of some entrepreneurs to set up an alliance to jointly maintain the normal credit order of the region. Two, dozens of entrepreneurs have jointly written letters to higher authorities, hoping to have an equal dialogue with banks and ensure timely payment of urgent loans.

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< p > < strong > the main idea of enterprises is trapped in UNPROFOR conspiracy < /strong > < /p >.

< p > because a href= "http://www.91se91.com/news/index_c.asp" > UNPROFOR < /a >, so linkage, once one of the enterprises of mutual insurance or joint guarantee has fallen down, other enterprises will be affected at the same time, while the economy will be damaged, and the enterprises will be closed down. This is the Domino domino effect.

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< p > "the cause of joint guarantee is the requirement of bank credit. In order to reduce its own risk, banks require mutual insurance and multi party mutual insurance.

Therefore, the responsibility for mutual insurance is bank. "

Zhang Haiming, general manager of Forster company, said that some enterprises are having problems now. Banks will only safeguard their rights and interests in accordance with the law, regardless of whether the enterprises or mutual insurance companies are alive or dead. Under the pressure of banks, many related enterprises are all falling down, so the root of the crisis lies in banks.

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< p > in the interview, the bosses of many enterprises told reporters that many banks, in order to reduce their own risks, always rely too much on the guarantee. They intentionally or unconsciously ignore the pre loan review. Many enterprises participating in the joint insurance system do not know each other at first. Some enterprises have less than one hundred million of their real assets, but they can borrow one hundred million.

In order to release the balance as soon as possible, no one cares about the cash flow analysis of the loan companies. In fact, the cash flow of an enterprise is the buoy for the repayment ability of the enterprise.

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< p > because the information and guarantee enterprises that banks hold are seriously asymmetric, whether an enterprise is willing to guarantee for another enterprise does not depend on the will of the guarantee enterprise, most of which are "mobilization" or "forced" by the bank.

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< p > Shandong nilida colored steel company, which has emerged from the nightmare of joint insurance loans, is now a well-known enterprise in Boxing County Xing Fu Industrial Park, and vice president of Boxing iron and Steel Industry Association. However, it seemed to be a conspiracy in the boss Li Baoyong's eyes a few years ago.

At that time, Nida and other 3 companies in the bank "good faith" match, to provide a guarantee for a company, its own guarantee amount of up to 15 million yuan, when all work completed, Guarantee Corporation boss Liu, suddenly disappeared on a certain day, although Li Baoyong and others reported at that time, but this can not reduce their obligation to repay debts, since then, Li Baoyong spent nearly 4 years, nilida hard to "rescue" out.

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< p > Li Baoyong's experience is actually the phenomenon of being joking as a "road running" phenomenon in Jiangsu and Zhejiang provinces in Boxing.

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< p > "through the joint guarantee measures, the risk of the banks is resolved, and the corporate debt provided by the guarantee has increased a lot overnight, which can easily lead to the collapse of small and medium-sized industrial enterprises and the formation of a Domino domino effect."

The government officials mentioned earlier said that the joint guarantee credit originating in developed areas such as Wenzhou and Zhejiang, now exists in large numbers of private enterprises in the "yellow triangle" and in various development zone enterprises.

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