China's Enterprises Are Owed $100 Billion Overseas, &Nbsp, And Scale Enterprises Should Account For 6 Trillion.

Large scale enterprise accounts receivable amounted to 6 trillion yuan, credit risk increased sharply.

A pet food company in China financial crisis After the outbreak, there was a German "old Lai": the German importer said that because of the natural death of the legal representative, the ownership of the company was in dispute. pay the price of goods 。

This "temporarily unable to pay" immediately became bankruptcy liquidation, which lasted for more than two years.

In May 7th, Li Kuiyuan, general manager of a credit management company responsible for helping the company recover debts, told the newspaper: "Germany was originally one of the countries with the lowest risk of Global trade, but unfortunately, there was a problem here."

Han Jiaping, director of the credit management department of the Research Institute of the Ministry of Commerce, disclosed to our reporter on 4 May that by the end of 3 this year, the accounts receivable of China's scale enterprises reached 60470 billion yuan, up 24.6% compared with 2009, and the overseas debts owed by Chinese enterprises had exceeded 100 billion US dollars, and there would be about 15 billion US dollars a year.

Due to the spread of credit crisis after the international financial crisis, Chinese enterprises are facing more and more huge credit risks.

Ministry of Commerce Research Institute: the relevant non-performing assets exceed 400 billion yuan.

Research by the Ministry of Commerce shows that the scope of Chinese enterprises' Arrears abroad is spreading from traditional high risk areas to Germany, Britain, Japan and other countries and regions.

This reporter gets the latest from the international credit insurance and management services group. Trade risk According to the rating report, as the euro zone was seriously hit by the sovereign debt crisis, it predicted that the region's economic growth in 2011 would be 1.3%, down from 1.8% in 2010.

"After a year of strong economic recovery, we expect that political turmoil and natural disasters in the first quarter will lead to increased global trade risks and economic turmoil will also affect emerging market countries," said YvesZlotowski, chief economist of the company. We expect the economy to continue to recover, but the pace will slow down. "

While the international trade environment is not optimistic, domestic accounts receivable also shows a sharp growth momentum.

"By the end of 3 this year, the balance of non-performing assets related to the banking industry has also reached 429 billion 300 million yuan. The accounts receivable amount of domestic listed companies increased by 26% in 2010. Han Jiaping said in an interview with our newspaper in May 4th.

According to the Ministry of Commerce survey, 87% of enterprises launched credit sale business in 2010, and 2/3 enterprises were in arrears in 2009. At the same time, 85% of enterprises expressed the importance of credit risk management, and adopted related measures such as outsourcing services.

"At present, there are several characteristics of credit sale in China, with a large number of debtors, which are widely distributed, and relatively loose, and account for a relatively long age." Li Kuiyuan said.

The investigation report of the company is similar to that of the Ministry of Commerce: 67.4% of the surveyed enterprises were in arrears with domestic buyers in 2010, which fell 6.4% compared with 72% in 2009. However, due to the expansion of the transaction scale, the absolute amount of arrears has not declined.

Professionals recruit overseas funds

"The $100 thousand debt of pet products company will not bear fruit until June this year. It is not easy to say how much money it will get back." Li Kuiyuan said, "before finding us, Chinese enterprises have been collecting for more than six months because of their consideration of customers. However, it was this half year that had delayed the best time to collect the money. Later, the German enterprise applied for bankruptcy, and the time dragging.

"When we received the news last June, we registered immediately, ranking second. In addition, we have added the interest to US $30 thousand, which is ignored by Chinese enterprises. They think it is good to get the money back. In fact, the rate of bankruptcy settlement is generally discounted, and the purpose of additional interest is to reduce the losses of Chinese enterprises. Li Kuiyuan said.

An important reason for the low recovery rate of bad debts in Chinese enterprises is due to the long account age.

According to Li Kuiyuan, about 75% of his accounts are over two years after he handled his business account. In accordance with the law, there are two years' limitation of action in civil cases. Once the evidence has been delayed for two years and no updated evidence is provided, the court will not accept the case.

"This is the main reason for most enterprises to recover difficulties. Even because of the updated evidence provided to enter the proceedings, many enterprises have lost a lot of valuable evidence because of the long time and the confusion of internal management, which is difficult to successfully recover the receipt of accounts." Li Kuiyuan said.

Compared with the international giants such as Dun Bai, France, France, and so on, China's business account collection companies are still in a state of stragglers. Overseas acquisitions are mostly entrusted to third party institutions.

It is reported that according to the length of account and the size of the target, the standard of collecting fees overseas is generally between 20% and 25%. Even China Export and Credit Insurance Corp, a large company with channel advantages, charges between 18% and 20%. Although business account collection generally adopts the "credit to fee" credit agency mode, the charging standard is too high for many Chinese enterprises to fear.

In China, due to various reasons, there are not many enterprises that have regular business accounts to collect "licences". Most of the business accounts receivable enterprises are in the gray area of unlicensed operation and black box operation.

However, Li Kuiyuan hopes to join hands with international giants to improve efficiency and reduce costs. In May 4th, his company officially became a member of an international credit service organization.

"This organization has subsidiaries or holding companies in 20 countries. As members, we can promote debtors to exert various pressures on enterprises in different countries." Li Kuiyuan said, "in this case, the cost of debt collection will be reduced by 30% to 40%."