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230 Million Debt Overwhelmed Paci Doug 195 Suppliers Into Serial Debt

2014/6/17 22:29:00 25

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> mention "a href=" http://www.91se91.com/news/index_c.asp "Bai Xian Da Ge < /a >, Beijing consumer Wang Hui still can still see the shop everywhere everywhere:" a few years ago, Qianmen Street, Wangfujing, Xidan, Xinjiekou, from Dongdan to East four have stores, Beijing has about 100. " During the peak period, Paci Doug also invited celebrities like Lee Hom, Ma Tianyu and Qi Wei to speak. 
Less than p months ago, Bai Xian Dun began to close his door. His stores in Beijing and Shanghai had shrunk to 10, and their official website had been suspended in early 2014. 
"P" "China Economic Weekly" reporter recently came to Shaxi Town, Zhongshan City, Guangdong Province, where the headquarters of the park is located in Shaxi. "A target=" _blank "href=" http://www.91se91.com/ "clothing" /a "is now in crisis. According to the information provided by the creditors, China's economic weekly accounts for the amount of money owed to suppliers by 230 million yuan. Owing to the huge debt default, 195 suppliers from all over the world have repeatedly come home to recover. 
 office space is empty. The chairman of the board guards the door /p >
 even the passers-by can see the decadent clue from the office area of the brand "Bai Xian Dun Ge clothing trade Co., Ltd.": through the window, we can see that the office rooms should be filled with cartons and other debris, and a few "lame" office chairs on the staircase corner are placed in disorder. 
 although it was a working day, no one was walking around, only a few security guards remained in the communication room. In the nearby window, two sheets of paper which had been yellowed by sunlight were posted. They were "May 2014 (Office) attendance check" and personnel dismissal notice. Through the tearing announcement, the background of the "red" character is also very absurd. 
 according to the information of the notice of dismissal, since last December, some processes in the production shop of Bai Xian dun have been in a semi shutdown state. By April 1st this year, all the production processes in the production workshop have been shut down for work, and officially completed since May 4th. 
Zhang Chunfang (alias), who worked for 12 years in Bai Shi Dun, told reporters that the company's business mainly relies on outsourcing OEM processing. The office area belongs to light assets. "In the first few months before graduation, many people don't come to work one after another, and the office attendance rate is very low." 
P now almost every day, she has to cycle to the factory area and stop and look at it. According to the reporter, in the Pearl River Delta Garment City, Shaxi, Bai Xian Dun GE has also enjoyed the glory of people. In today's office buildings, there are also bronze medals of "Thirteen consecutive years (2000 to 2012) Guangdong province contract and credit guarantee enterprises" issued by the Guangdong industrial and commercial bureau in June 2013, with nearly 3000 employees and former leading enterprises. 
 "the boss is not running away, he is hiding." Liu Youcai, general manager of Cai Lin garment factory in Zhuhai District of Guangzhou, has been lodging with friends and family in Shaxi town for several months, in order to "ambush" the chairman Zheng Xing Tong and Zheng Shineng, the legal representative. "Some time ago, Zheng Xing had seen me in his home. He sent three bodyguards to the door these days." 
 it is reported that the court has accepted dozens of suppliers' litigation disputes. Reporters from the executive ruling of the first people's Court of Zhongshan in February 2014 showed that the total amount of frozen bank deposits was 10 million 445 thousand and 900 yuan, which was only 1/20 of the total debt. 
 suppliers fall into serial debts /p >
 from the contract signed between Liu Youcai and Bai Xian Da Ge, the reporter noted that the unpaid orders mainly included the spring work in 2014 and the cost of some fabrics and accessories, totaling 700 thousand yuan. 
 "two years of recession, the profit is only 1.2 million, and dozens of workers are unemployed." There are not many suppliers like Liu Youcai. According to the press survey, the total amount of arrears of the top 8 creditors was up to 80 million 450 thousand yuan, and 4 creditors owed more than 5 million yuan, and 22 companies had more than 2 million yuan to recover their loans. 
 Tan Zhilong, general manager of Zhongshan Wan Rui Garments Co., Ltd. has so far been unable to accept Paci Doug's reality of a night's collapse. He has 2 million 400 thousand yuan of accounts receivable. In 2011, there were still more than 100 employees, and now only 30 people are struggling to support them. 
 "in 2011, Paci Doug was also ready to go public. He was responsible for capital operation of the Nanhai venture capital in Shenzhen. At that time, the South China Sea growth venture invested 60 million yuan in buying about 20% stake in Paci Doug, but the preparation period for the three year listing was not yet full. In 2013, when the payment for cooperation was suddenly interrupted by Paci Doug, we knew that its capital chain was out of order." Tan Zhilong said. 
Reporter P learned from many suppliers that the Shaxi town government has held a leading consultative meeting three times since last year. It has raised the hope that the parent company of Nanhai growth venture company will take over Paci Doug, and pay 3 debt and pay 3 times in arrears. 
The bigger crisis of P is that many of the 195 suppliers have been involved in serial bonds. "I also owe money to others, and I have been brought to court by now. If the money is not returned, the company is bound to collapse." Liao Min, a garment maker, told reporters that she was owed 4 million 750 thousand yuan, and he had to travel to Suzhou and Zhongshan several times to collect debts. 
 Shaoxing holy peak < a target= "_blank" href= "http://www.91se91.com/" > textile "/a > Products Co., Ltd. General Manager and Wei Hua also said that the main reason for the serial debt is that the industry chain is not easy for the upstream and downstream." now the very electric business channel is only reducing the loss. For example, our company's 1 meter cloth can not sell 1 yuan in the physical store, and it can sell 5 yuan on the Internet, but the cost is 15 yuan, but it is only 10 yuan less. " 
Zhang Guiwen, general manager of the industry leader, told the China Economic Weekly that according to the rules of the clothing industry today, almost all risks are placed on suppliers. "Generally, two to 30% deposit is first paid, and the rest will be sold by the terminal stores, and then the remaining money will be cleared up." 
 supply contract is afraid of waste paper .
 reporters saw 4 cars seized by the court in the empty office area of the park. Two of them are small trucks that have rusted cars. According to the supplier, this is the most valuable asset of Paci Doug's name at present. 
 according to the reporter's multi-party investigation, as at the end of January this year, the total liabilities of the bank include industrial and Commercial Bank of China 28 million 230 thousand yuan and China Merchants Bank 17 million 550 thousand yuan, totaling 45 million 780 thousand yuan. "In order to pay off the debts of the banks first, he sold the factory and got 41 million yuan, and sold off about 200 square meters of shops in Nanjing, and the bank's principal and interest had been paid off." Tan Zhilong told reporters that this is an open secret. 
 owed 4 million 950 thousand yuan in Nanjing Zhongcheng "a target=" _blank "href=" http://www.91se91.com/ "dress" /a "company legal representative Zhang Xusheng revealed that not only baishidu Nanjing store was sold, shopping mall counters have also been dismantled, and all the goods in the shopping center were settled to Anhui Baisheng Baishi company." there was a lot of goods in Nanjing baidyidu Nanjing warehouse. The landlord of the warehouse reflected that in the second half of last year, the bulk of the goods had been returned, and now the rest are goods that are worth a few years ago. The value is very low. " 
 in the face of the risk that contracts may turn into waste paper, suppliers are beginning to embrace the Jedi. Their most puzzling question is: when did the fund come into trouble? If it was a part of the supplier that could not pay for the cooperation in 2013, why did it still sign a large number of supply contracts at the end of 2013 and 2014? Does this constitute fraud? 
 reporters got a contract for production of summer clothing signed by Guangzhou Han Hua Hua Clothing Co., Ltd. and Bai Xian dor, which involved the sum of 730 thousand yuan, and the date of settlement was March 5th this year. The sales contract date signed by Guangzhou Xinsheng garment factory and Paci Doug is November 28, 2013. 
 "Bo Xian Da GE has not applied for bankruptcy until now. Is it necessary to carry out relevant commitments because of bankruptcy, so it has been procrastinating for time to facilitate transfer of property?" many suppliers expressed this concern. In 2013, Zheng Shineng divorced his wife, Luo Ning, and vice chairman Zheng Haoning of the company.