The Three Major Industries Of Steel And Iron Textile Industry Are In The Shadow Of New "Triangle Debts".

Nearly 80% enterprises are in arrears with loans, construction, steel and

Three industries become major disaster areas

Under the dual demand of the downstream demand of the steel industry and the tightening of bank credit to steel traders, the problem of arrears of loans has finally emerged.

Wang Jiangning is the deputy general manager of a building steel trading company in Zhejiang and is mainly responsible for sales.

"At the beginning of this year, a downstream construction company bought nearly 3000 tons of steel.

However, although the contract has expired, the other side still has more than half of the money paid to me.

Wang Jiangning told reporters.

As a middleman, it is in a weak position.

Wang Jiangning was afraid of losing such a big client. He could only swallow it up. He had to smile for more than 10 times.

Wang Jiangning told reporters that now the downstream buyers often default on the payment of steel traders, and they are not cases.

Xu Jiannong, President of Jiangsu chamber of Commerce and Trade Association, said that this year, there has been a phenomenon of end-users' endless arrears of payments: some enterprises, some end-users, have a low reputation, but in order to expand rapidly, they are still in arrears with the steel traders in a large amount of Bank loans, making the burden of traders heavier and heavier.

The questionnaire survey of credit risk management of Chinese enterprises in the company revealed that as more Chinese enterprises took credit pactions, the consequences of Chinese businesses were more local buyers' arrears.

The proportion rose from 67.4% in 2010 to 79% in 2011.

It is worth noting that in 2008, more than 90% of the companies suffered overdue payment from the buyers.

Construction, steel and textile three industries often default on payments for more than 60 days.

Six major reasons for default

Mr. Zhang is a specialized personnel in textile enterprises.

"Before, foreign enterprises often default on payments, and now the situation of domestic enterprises' Arrears of payments has begun to become serious."

Mr. Zhang said.

Mr. Zhang's company has been in arrears of nearly 6 million yuan in the first half of this year.

This seriously affected the company's ability to purchase raw materials.

"Without enough raw materials, the upstream suppliers began to be cautious about supplying the company."

Mr. Zhang said.

"The original purchase of cotton and other raw materials, deposit the most will also pay 20%. Now we see that our business cash flow is not enough, raw material suppliers to let us pay 90% of the total material, and a little more mature suppliers, we have to pay about 80% of the total amount."

Mr. Zhang said.

Mr. Zhang told reporters that when going to catch up with arrears, the first reason for default is that the company really has no funds.

"In fact, such a client is definitely rich, but there is no arrangement to pay our company's money.

Such companies usually have payment plans every month, only paying the funds to other enterprises.

The second reason is that accounts should be reconciled.

"In fact, it is deliberately making excuses for arrears. I once recovered a sum of $500 thousand, and the other company said that the original buyers were already gone, so they had to rereconciliate their accounts, which has been dragging for nearly a year."

Mr. Zhang said.

For third reasons,

The middle layer of a medium-sized steel factory told reporters that the downstream users began to default on the quality problems.

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"I have worked in a steel mill for nearly 6 years. This is the first time I have encountered such a situation.

Moreover, when we put forward how to improve, the other side can not say the right reasons.

This batch of steel has not been sold for a penny. "

Said the middle layer of the steel plant.

In addition, there are still some reasons why enterprises can not get their debts smoothly.

Just like kicking a ball, the Dunning man was kicked in the purchase, finance and sale of the other party, and from the bank side, deliberately opened the wrong check, and so on, the upstream raw material supplier took the goods to pay the debt at a high price, so that the enterprise could not get the money back.

Chang Xiao village, director of the market order Department of the Ministry of Commerce recently said that there are still a lot of credit problems in business activities, such as malicious default on loans, payment of goods, arbitrary breach of contract, fake selling, false promotion, commercial fraud, and infringement of intellectual property rights, which seriously affected the healthy development of the economy.

Customers' "bad debts" are mostly due to lack of money.

Wang Jiangning told reporters that most of his clients were real estate construction enterprises, the real estate industry remained in a slump, the new buildings were few, and the cash flow of construction enterprises was not sufficient, which reflected that sales of steel and downstream businesses were often in arrears.

"There is no way for us to default, and we have to rely on them to eat."

Wang Jiangning said.

It is understood that in the steel trade, which has more than 20 enterprises, there has been a "scattered, small and chaotic" situation for a long time, resulting in a weak position in the upstream and downstream industries.

Coincidentally, in the field of machinery, there are also such problems.

Cai Weici, executive vice president of China Machinery Industry Federation, said the machinery industry is facing serious actions such as arrears of payments.

The whole industry is stagnant. This year, the increase in industrial added value in the machinery industry has fallen to the third lowest in every industry, which has never happened before.

According to the survey report on the growth and development of Chinese business operators, the problems of credit in China mainly include: default payment, loan, tax, breach of contract, manufacture and sale of fake and shoddy products, and other problems.

Among them, the problem of arrears of loans, loans and taxes is the most serious problem for domestic business operators, accounting for 76.2%.

A questionnaire survey on credit risk management of Chinese enterprises in the company revealed that financial difficulties are still the main reason for delayed payment.

63% of the respondents said the main causes of financial difficulties were

Fierce competition and lack of financing channels.

Li Tao, deputy general manager of a building materials company in Jining, Shandong, told reporters that the company owed 3 businesses a total of about 2000000 yuan.

"I do not want to repay, but I really have no money to repay.

Real estate is sluggish, construction materials are not sold, and the company's original monthly revenue can be 400 thousand yuan, which is less than 50 thousand yuan now.

Li Tao said.

"But there are other people who owe us, two real estate construction companies owe us 1 million yuan, which leads to our turnover."

Li Tao told reporters.

Even in large and medium-sized steel enterprises, more than 70 large and medium-sized iron and steel enterprises receivables amounted to about 50000000000 yuan last year, and accounts payable amounted to more than 300 billion yuan.

"In fact, the debt problem that the machinery industry is facing is very serious, and the downstream businesses really have no money."

An insider of China Machinery Industry Federation told reporters.

According to the latest data from the China Federation of machinery industry, as the first quarter of this year, the lack of downstream demand has led to serious loans to enterprises.

According to the Association statistics, the current accounts receivable of enterprises accounted for up to 2 trillion and 300 billion yuan, up 17.88% from the same period last year.

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Yin Zhongqing, vice chairman of the finance and Economic Commission of the NPC, recently said: "we have arrived recently.

In Hubei and other places, many enterprises reflect that accounts receivable has increased rapidly, and some enterprises have shown signs of triangle debts.

If allowed to develop, it may evolve into a new round of enterprise triangle debts.

Li Tao recently saw a lot of news about the debt of the business executives.

He found that many enterprises are enterprises in traditional industries, at the very least, they are real estate enterprises.

The three major industries in which the most serious arrears of payment are mentioned in the report are buildings, steel and textiles, which are also entities in the real economy.

Wang Jiangning also told reporters that in recent years, the pressure on steel mills to repay money is relatively large, and some steel mills have even substantially reduced their purchases, because the accounts receivable and accounts payable of steel mills are too many.

It is understood that in the late 80s of last century to the beginning of 90s, there was a serious problem of triangle debts in China. At that time, the scale of receivable receivables was almost 1/3 of the total bank credit.

According to incomplete statistics, by the end of 1992, the state had injected about 50000000000 yuan of funds and adopted various means to solve the problem of triangle debts finally.

Yin Zhongqing has publicly stated that the shadow of the long-standing triangle debts first shrouded the small and medium-sized enterprises in the real economy.

In the industrial chain that is most likely to form a triangle debt, large enterprises are in the upper reaches of raw materials and excipient supplies. If the funds of large enterprises are tight, the small and medium-sized enterprises that are attached to them will not have the source of water, and they will start to default on each other.

Yin Zhongqing said the triangle debt problem reflected the deterioration of the domestic market environment and the deterioration of the business capability of the enterprises.

Although the new triangle debt problem is not as serious as it was 20 years ago, it has become a risk factor that affects the steady and rapid development of our economy and affects the security of the financial system.