Dalian Shide group, the vast business empire, seemingly overnight, the stormy.
according to the Shide's official website display, chemical building materials industry still accounted for the company's industry 67%. PVC profiles Shide was the leading enterprises,<a href="http://www.beasport.com/champions/class2a1a/miumiu-bags-outlet-12.html">ミュウミュウ店舗</a> http://www.beasport.com/champions/class2a1a/miumiu-bags-outlet-12.html, and conch profiles each half of the country, Xu Mingkao plastic profile among the well-known entrepreneur ranks. In Yinchuan, Jiaxing, Tianjin Shide and more were built with chemical building materials base, 2009 time is the investment is 2500000000. But the rising prices of raw materials, competition is intense, the industry gradually into architectural section ends meet.
real estate is certainly the sources of financing, but also led to one of the root causes of Shide funds tense. Established in 1995 on the two real estate development company did not develop any project, in 2009 the real estate market intensified, Tianshi Ande Real Estate Development Company Limited and the group Shide relying on its two companies, to enter the real estate industry. According to the Shide official statistical data and the media reports, Shide group under the Sheng and purchase land reserves of nearly 8000000 square meters, built 3930000 square meters in the project, the project total investment of nearly 30000000000 yuan. But the timing errors of judgment, extreme lack funds, after much of the land was taken, started a few days went by the financing pledge >
according to the "financial" magazine published figures for total liabilities, Shide at close to 12000000000 yuan. Shide most of the company financing from the financial pledge of shares, amounting to 6036170000 yuan. The part of bank loans totaling 3448000000 yuan,<a href="http://www.salondeguitare.com/Guitar_Classical/C159/tory-burch-outlet-11.html">トリーバーチ 店舗</a> http://www.salondeguitare.com/Guitar_Classical/C159/tory-burch-outlet-11.html, including 1748000000 yuan from Dalian bank, Minsheng Bank, Jilin bank 1000000000 yuan to 700000000 yuan, the non bank financial institutions loans to 2588000000 yuan. Since 2001 the Shide into the financial sector, a total investment of three banks, two insurance companies and a fund company, and through the control of the pledge of Huahui life insurance Limited by Share Ltd 100% of the shares, and Bank of Tieling shares 55.83% Limited by Share Ltd loans obtained.
Shide mode key one of funds ", macrophage disease".
High is
the company reflects the close combination with the bigwigs Chinese private body all negative characteristics: rapid growth, the industry instability, Associate Company lead in all directions, high debt ratio, a Wind sways grass. risk exposure, immediately.
top industrial hat large-scale financing becomes a natural choice. According to media reports, "the most serious time profiles of the cost price of the retail price are higher than in the past, in order to conch looting sales also have to sell cheap. There is no way, the group finally simply to profile to financing -- a three line of the city to build a base, the idle equipment is refurbished, and then sent to the new factory, in order to be able to borrow money". Entity downturn financing first, many enterprises go on the entity for the table, financing for the body of the road, in the steel, copper trade financing are visible such figure, Shide are pioneers of these enterprise sells dogmeat enterprises.
the company debt surprised, all the assets have become the means of financing, Shide is funding black hole -- typically go out not to come.
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