Wenzhou "Four Level Linkage" Wan Lin Shoe Industry Ushered In The "Solution" Dawn

Wenzhou Wan Lin footwear industry Li Linbo, the boss of the limited company, should have been decorated for some years. He looked so bland that the walls were yellow. The most appealing sight of the whole office is the design of a factory that has been yellowed over the wall behind the desk. Even Li Linbo himself would look back on her for a while, feeling and losing.

This plant design is located in the Ruian Economic Development Zone, which was won by the Wan Ling shoe industry in 2009. Enterprises rushed out of the design plan in the same year, hoping to have their own new factory as soon as possible. However, because of the failure of production function, the overall planning could not be approved for approval. But now, it is also the hope of the enterprise stranded in the guarantee chain and capital chain to get rid of the "two chain" dilemma. It is agreed by the Ruian municipal government to be converted into a standard factory building, and is allowed to be divided into 35 property rights for sale. In order to deal with the high quality assets of venture enterprises, the "selling" judicial reorganization method has also brought the "dawn" of "Wan Lin" shoe industry.

　　 Original

Urgent need for new plant 50 million yuan competing block

The industrial land in the Ruian Economic Development Zone covers an area of 24.5 mu, which is the return site of Dongshan street village. When Li Linbo successfully won the competition in 2009, he spent about 50000000 yuan, in addition to the surplus funds of the enterprises, some of them came from financing. The reason why we invested so much in it and had such strong longing for the new plant was that the enterprises felt strongly the constraints of the old factories on the development of the enterprises at that time.

In 1991, Li Linbo, who entered the rubber shoes industry, formally launched a factory in 1998, specializing in the production of rubber shoes products. In 2004, she bought the existing factory building in Yunzhou community prosperity village, flying cloud Town, which covers an area of 5 mu. But with the rapid development of enterprises and annual output value of 60 million yuan, the factory buildings will soon be overburdened. "Transnational purchasers want us to improve the image of the factory and expand the capacity. I also feel that the enterprise has a good opportunity for rapid development, so the demand for the new plant is very urgent." Li Linbo said.

Walking into the prosperous village of Wan Lin shoe industry, we can see that all along the road are large and small glue. Shoe enterprises The factory building of Wan Lin shoes looks very crowded and old. The four floors of the factory buildings are spotted and barbed. Some places have even peeled off. The entry is the workshop, and there is no room for the access room. Only a post box is set up outside the door.

　　 Later

　　 Does not conform to the overall planning can not be approved for examination and fall into the "two chain" dilemma.

Li Linbo's dream of a new workshop soon ran into big trouble. After winning the industrial land of the Ruian Economic Development Zone, and driving out the design plan of the new plant, the enterprises quickly handled various related formalities, but soon got a clear message: because the production function does not conform to the overall planning, the new factory project of Wan Lin shoe industry can not be approved by the project.

Difficulties also arise. Due to the impact of the economic environment, the export business of enterprises has been affected and the benefits have declined. At the same time, enterprises also fell into the guarantee chain and capital chain problem, and began to struggle.

At present, the loan amount of Wan Lin shoe industry in 4 banking institutions in Ruian amounts to 120 million yuan, involving 4 enterprises for its guarantee. In addition, enterprises also provide guarantees for 8 enterprises, involving an amount of 66 million 150 thousand yuan. The industrial land in the Ruian economic development zone was sealed by the court.

　　 Now?

Construction companies pay for the construction of the standard factory building and divide 35 property rights to sell and defuse risks.

The relevant departments in Wenzhou and Ruian are very concerned about the plight of the Wan Lin shoe industry. They are specially committed to giving special assistance policies to help enterprises out of difficulties.

In June 2012, the Ruian municipal government held a coordination meeting and agreed that the Wan Lin shoe industry was located in the Ruian Economic Development Zone as the standard factory building project. In April 2013, the Ruian municipal government held a special meeting to allow the division of property rights to be transferred after the completion of the standard workshop. In November 2013, after receiving the further assistance of Wan Lin shoe industry, Ruian finance office convened the relevant departments and banking institutions for the first time to coordinate. Through the centralized consultation platform, the overall solution of the financial risk of Wan Lin footwear industry was examined, and the company was found to have a cooperative intention to build the standard plant project, and to win the support of the creditor banks and courts, and suspend the compulsory measures.

Wan Lin shoes industry has made progress through the construction of standard factories to divide property rights and sell back funds to resolve the "two chain" risks. In January 28th of this year, enterprises and Zhejiang Jihong Construction Co., Ltd. signed a construction general contract, which was invested by the company to build a standard factory building with a total cost of 80 million 839 thousand and 940 yuan. It was divided into 35 property rights funds after sale, and priority paid to the agent construction company. In March 10th, the project was piling, and 4 buildings now have 3 buildings. Next, the Wan Lin shoe industry will sell the standard plant in accordance with the previous sales plan, and return the funds as soon as possible.

Seeing the dawn of "unwinding", Li Linbo, who claimed to have never slept peacefully after getting into trouble, told reporters that the whole body and mind have finally relaxed. "Before and after the accident, Wan Lin shoes industry is still in fact orders, has been in normal production. But it's not my 20 years of entrepreneurial failure that has left me in deep trouble, but a huge debt burden on me. Li Linbo said that the innovative approach to risk management by the Ruian municipal government and finance office provided him with a clear and effective supporting policy, direction and plan so that he could return the funds to defuse risks and enable enterprises to regenerate their vitality.

Name explanation

"Selling" judicial reorganization

Transferring the assets of debtor enterprises as a whole or part, paying creditors at the selling price, maintaining the substantive existence of enterprises, avoiding employees' unemployment, and avoiding adverse effects on the upstream and downstream enterprises, and so on, and bankruptcy liquidation of the debtor enterprises after the sale of effective operating assets.

For example, the block of Wan Lin shoe Economic Development Zone has been sealed up by the court. After the Ruian municipal government and the finance office decided to "sell" judicial reorganization and disposal means, the settlement plan of the proceeds after the split sale was determined through the Ruian finance office's consultation platform, and a project group consisting of the finance office, the Executive Office of the court, the creditor bank, the enterprise and the construction agent company was set up.

　　 Corporate reflection:

Li Linbo, chairman of Wenzhou Wan Lin Shoes Co., Ltd.

Recalling the experience and lessons of enterprises in danger and disposal, the first thing is to do well in their own business. If this is not always the focus on rubber shoes, foreign orders will continue, production and operation has been normal, then disposal may be another way. The situation of enterprises may be another scene. The two is unprofessional and unfamiliar matters. If you want a professional person or organization to do this, it is due to ignorance of the relevant policies of the Development Zone, modern financial management, enterprise guarantee risks and other related majors, reckless and blindly acting and many other factors.

　　 Departmental comments:

Zhou Linping (deputy director of Ruian municipal disposal Office):

Before and after the accident, Wan Lin shoe industry can still receive foreign trade orders, and enterprises can guarantee normal production and operation, and its land located in the Ruian economic development zone is also a valuable asset. Therefore, the Ruian municipal government has successively agreed to allow the plot as a standard plant project to be assigned and completed, and the property rights can be divided and transferred, so that enterprises can return the funds to defuse the risk of "two links", effectively dissolve the financial risks of enterprises, and keep the normal production and operation of enterprises.

Thanks to the government's active support, effective disposal measures have been taken. Now the production and operation of Wan Lin shoe industry is normal, and the standard factory building project has been under intense construction. Next, sales will be carried out according to the sales plan. In general, the financial risk of Wan Lin shoe industry has been effectively resolved.

　 Wenzhou disposal office:

For enterprises with high quality assets and capable of normal production and operation, when enterprises are out of danger, they must take comprehensive consideration of social benefits and economic benefits to assist and risk management. The judicial reorganization of some high-quality assets of venture enterprises can not only maintain the normal production and operation of enterprises in this part of the high quality assets, but also maximize the value of these assets, and at the same time, be conducive to employment and taxation.