SMEs in the industrial chain of the most likely to form triangular debts, large enterprises in the upstream supply of raw materials, auxiliary materials, if the financial strain, attached around it Fountainhead each other debts, had been in the disadvantaged small and medium-sized enterprises, has become the main bearer of the "triangular debt chain" financial pressure.

Sheng downstream demand in the steel industry, the banks finally appeared on the dual role of steel traders to tighten credit, the steel trade have suffered payment defaults.

The Wangjiang Ning, deputy general manager of a construction steel trading company in Zhejiang, is mainly responsible for the sales. Earlier this year, there was a downstream construction company purchased nearly 3,000 tons of steel. However, even though the contract has expired and the other side there are still more than half of the purchase price did not give me. "Wang Jiangning told the China Enterprise News" reporter.

As a broker, in a natural weak position. Wang Jiangning fear of losing such a large customer, only to swallow, back and forth Peizhuoxiaolian 10 accounts, to no avail.

The Wangjiang Ning told reporters that now downstream buyers are often in arrears of the purchase price of the steel trading business, he was not the case.

Xu Jiannong of Jiangsu Province Federation of Industry and Steel Trade and Chamber of Commerce president, said this year, is the emergence of the phenomenon of end users endless owed money: some enterprises, some end-user, credibility is not high, but to rapid expansion, a lot less Bank shall at the same time, endlessly arrears of the payment of the steel trade, the traders the burden of the more drag the heavier.

Coface China Enterprise Credit Risk Management survey showed that as more Chinese enterprises to take the credit transaction, the consequences of Chinese enterprises encounter more local payment default. Its proportion from 67.4% in 2010, rose to 79 percent in 2011. It is worth noting that in 2008, more than 90 percent of companies have experienced buyer for late payment. Three major sectors of the construction, steel and textiles, the arrears of money is often more than 60 days.

Six in arrears reason to harm done to the enterprise

Mr. Zhang is a textile enterprise specialized accounts staff. "In the past, foreign companies often owed money, the domestic enterprises owed money situation became serious." Mr. Zhang said.

Mr. Zhang is located in the first half of this year has been owed for nearly 600 million payment. This has seriously affected the ability of the procurement of raw materials. "Do not have enough raw material section upstream supplier company supplier became carefully," Mr. Zhang said. The original procurement of cotton and other raw materials, deposit most will pay 20% now to see our business cash flow is not sufficient, raw material suppliers to make us pay 90% of all the materials shall cooked suppliers, we also have to pay the full about 80 percent of the funds, "Mr. Zhang said.

Zhang told reporters, when the chase to arrears owed by the first reason: the company really do not have funds. "In fact, such a customer, absolute money, just did not arrange for the payment of our company payments. Companies usually a monthly payment plan, but the funds paid to other companies."

The second reason is financial reconciliation. "The fact is deliberately looking for an excuse in arrears, I have to recover a $ 50 million in arrears, the other company said that the original procurement staff have gone, you must re Reconciliation because this has dragged on for nearly a year. "Mr. Zhang said.

For the third reason, a medium-sized steel mills middle in Hebei, told reporters recently started downstream quality problems as an excuse, payment default.

"I work in the steel mills for almost six years, this is the first time encountered such a situation, and we propose how to improve, the other can not tell the right reasons this group of steel products sold, did not earn a penny . "The steel middle.

In addition, there are some reasons enterprises are unable to successfully get the arrears. Procurement in each other like kick a ball, a reminder personnel, finance, sales, kicked back and forth; start deliberately opened the wrong checks from the bank; the upstream suppliers of raw materials are bonded getting goods at high prices, so that corporate income is not back to the capital.

Market order of the Ministry of Commerce Secretary, often Xiaocun, said recently that the business activities there are a lot of credit loss, such as malicious defaulted loans, the purchase price, free breach of contract, selling fake goods, false promotions, commercial fraud, infringement of intellectual property rights, seriously affect the healthy economic development.


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