The Existence Of Zombie Enterprises Will Undoubtedly Have An Impact On China'S Economic Development.

In recent years, the liabilities of Listed Companies in textile and garment industry are rising.

Flush iFinD statistics show that in 2012, 2013 and 2014, the total liabilities of 81 textile and garment listed companies were 129 billion 226 million yuan, 135 billion 644 million yuan and 151 billion 123 million yuan respectively.

In the three quarter of 2015, the liabilities of the 81 companies mentioned above amounted to 182 billion 957 million yuan.

Among them, take the three quarter of 2015 as an example, in the 81

Listed companies, assets and liabilities ratio of more than 50% of the company has 23, asset liability ratio of more than 60% of 12.

In fact, in the textile and garment industry, there was a company that could not repay its debts because of the broken capital chain. The company only reached a debt settlement after a 16 year suspension of production.

Wenzhou Yalda Shoes Co., Ltd. (hereinafter referred to as: Yalda company) is such a long known "zombie enterprise".

The so-called "zombie enterprise" mainly refers to some enterprises that are poorly managed and inefficient, but rely mainly on bank support and government care.

They occupy a lot of valuable resources such as capital and land, but they do not produce economic benefits.

Information shows that

Founded in 1995, the registered capital of 1 million 80 thousand yuan, mainly engaged in rubber shoes, leather shoes, clothing and other products.

The company was closed down due to the breakup of the company's capital chain, and its business license was revoked by the business administration department in July 1997.

In December 2006, Hangzhou Rock Management Investment Co., Ltd. acquired the 465 thousand yuan claims of Yalda company through the pfer.

The case was resolved in 2013 after 16 years of Yalta's shutdown.

In June 3, 2013, the Ouhai District People's court successfully concluded Yalda, Wenzhou.

The bankruptcy liquidation case of the company has resulted in the liquidation and settlement agreement of the Yalta creditor debtor for 16 years, which has resulted in the suspension of production and bankruptcy. The ruling has confirmed that the debtor's debt is 465 thousand yuan, and the debtor's shareholder has paid 232 thousand and 500 yuan to repay the debt, so as to achieve the 50% normal debt repayment rate.

According to the Lucheng court and the Ouhai court concerned, the "zombie enterprises", which are not clear, but not broken, have long been suspending debt and debt relations, which seriously hampers market order and social development requirements.

Some enterprises exit the market through bankruptcy, which is conducive to boosting the pformation and upgrading of the economy. It can not only enable enterprises to go back to the road, but also maximize the interests of creditors.

The zombie phenomenon of the once splendid textile and garment enterprises is becoming more and more serious. How to pform and develop, or even break arm, to survive, is a difficult problem facing the zombie enterprises.