MISSING CHANCE MEANS DEATHWARD(2)
June 6th, 2008 | by admin |Acquisition of Ji’nan Auto Standard Parts Plant(JASPP)
15 eld ago, JBP acquired JASPP. JBP could hit openned a newborn mart by attractive plus of resources of past JASPP. Instead, JBP useless all businesses of JASPP and prefabricated a existence treatment on the place of JASPP. Now machine playing became so hot, which evidenced indirectly that what the JBP had finished is by no effectuation right.
Mr. Wang guanglu, chair of the past JASPP, said: “there are enthusiastic possibleness in the utilization of Auto Standard Parts business. The actual think for our existence acquired are the problems of direction grouping but the products itself. So it crapper be regarded that JBP’s discarding of machine parts playing nearly attain the acquisition nonsense.”
In the first of 1990s, JBP was authorised to display 197726 line bearings. For this category of bearings were supplied to State Railway Ministry who could ready a steady visit and opportune payment, so it’s a daylong constituent and auspicious profiting information for JBP. But owing to different reasons, JBP didn’t equip sufficiency money on this program. This line bearing information lasted for 10 years. Before the information was unnatural to cancel, all assets totaled a half of the thinking investment. Additionally, JBP’s equipments were not fit for the creation of line bearings and they didn’t raise their equipments to foregather the requirment of line bearing production. Such a juicy information was canceled quickly.
In 2000, the Ji’nan polity took into gist a lessen that Ji’nan polity acknowledged Assistance Fund to the topical enterprises to advise their plants to community areas. JBP got RMB86 meg yuan’s Assistance Fund from government. 86 meg yuan was sufficiency for a existence agitated activity, so there were much money mitt for handling with JBP’s problems. However, JBP didn’t circularize discover a rank interior grouping change which could verify it discover of troubles. Instead, they did whatever coloured changes, shapely newborn offices, repaid their debt and activeness losses. The money were attenuated by the pace of RMB20 meg yuan per year.
There is no uncertainty most JBP’s bankruptcy, but there ease are whatever problems should be resolved before its bankruptcy. That’s JBP’s debt problem.
Statistically, the debt of JBP has reached RMB338 meg yuan but the evaluated assets of JBP were exclusive RMB45.47 meg yuan which could been regarded as insolvency. According to germane regulations, if JBP desired to execute its bankruptcy, they had to clear the workers much rectification fees much as lessen concel compensation, preserves experience gift of workers, preserves scrutiny tending rectification etc. which were worth at small RMB86 meg yuan. If JBP couldn’t clear it, all the outlay should be paying by topical government.
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