2020 has arrived quietly, and the Spring Festival is approaching soon. Don’t worry about the rise or fall of raw material prices, or how much inventory is left, just settle the accounts first Clear it! After all, it is really stable when the money is back in your pocket! Last year’s acceptance bill incident and rejection incident frightened many textile companies near the end of the year.
But then the editor will bring you another bad news:
Relying on a “radish” Chapter”, more than 4 billion yuan of funds were evacuated in 8 months, which had a huge impact on countless companies!
An employee of a company in Hangzhou named Wang suddenly received a “mysterious” urgent call from his boss Hong: He was asked to find a way to privately engrave a bank card as soon as possible. Seal, that night, this realistic bank fake seal was handed into Hong’s hands. But what Wang didn’t expect was that relying on this fake seal, he and others were able to evacuate more than 4 billion yuan in funds through discounting and rediscounting of commercial acceptance bills in just 8 months, causing consequences to countless companies and banks. great influence!
In early December, a criminal verdict published by the China Judgment Documents Network revealed the whole story of this fraud case.
Hong and Lu, together with Ni and other intermediaries, used The shell company under his control fabricated a trading background, issued commercial acceptance bills without financial guarantee, and then used the forged business materials and business seals of Mintai Kuala Branch to transfer 24 commercial acceptance bills in the name of Mintai Kuala Branch. Discounted the money and rediscounted it to back-end banks and enterprises, thereby defrauding more than 1.36 billion yuan in discounted commercial acceptance bills.
In addition, in the name of Mintai Gualei Branch, they discounted 50 commercial acceptance bills for companies in need of financing and rediscounted them to many companies. These back-end banks defrauded more than 2.92 billion yuan in discounted funds and collected benefits from them.
So far, the above operations have robbed banks and corporate funds of more than 4.28 billion yuan.
Fake acceptance bills flooded the market and some companies announced their rejection
And the same fake acceptances Bills of exchange are still flooding the market. In view of the prevalence of fake acceptance bills in the market and the difficulty in exchanging some acceptance bills, many companies such as Qianjiang Fangyuan Titanium Dioxide and chemical companies issued notices stating that due to the increased risk of some acceptance bills, the rejection information is: Finance Company, Huludao Bank, Gansu Bank, Qilu Bank and more than 20 banks accept bills of exchange!
Mid-2019 , Anshan Iron and Steel Co., Ltd. issued an announcement stating that as of July 31, 2019, the bank acceptance bills held by the company were 338 million yuan, which were overdue and unpaid, and were held by the subsequent discount party (that is, the next party to which Anshan Iron and Steel paid with the bills) 494 million yuan, the total of the two amounts to 832 million yuan.
An electronic commercial acceptance bill issued by Chongqing Three Gorges Bank Co., Ltd. Airport Branch in the name of CCCC Third Highway Engineering Bureau Co., Ltd. Chongqing Three Gorges Bank Co., Ltd. Airport Branch is not CCCC Third Highway Engineering Bureau Co., Ltd. Co-operative Bank of Highways Engineering Directorate Limited.
CCCCC Third Highway Engineering Bureau Co., Ltd. has reported the case to the public security organs. All institutions and the public are asked to pay attention to the risks and not to accept such commercial acceptance bills, discounts, or transactions…
China Railway No.2 Bureau also issued an announcement saying that electronic bills issued by Industrial Bank Changchun Qianjin Street Branch in the name of China Railway No.2 Bureau Group Co., Ltd. Commercial acceptance bill, Changchun Qianjin Street Branch of Industrial Bank is not a cooperative bank of China Railway Second Bureau Group Co., Ltd., and this commercial acceptance bill is not issued by China Railway Second Bureau Group Co., Ltd.
Baota Petrochemical once made a work error and Baota Financial Company failed to strictly coordinate the risk control and payment issues, resulting in customers holding Baota bills failing to pay as scheduled. Only then did creditors come one after another to ask for debts.
Then Panzhihua Iron and Steel Group rejected 16 banks including Evergrande Finance Co., Ltd., Fosun Finance Co., Ltd., HNA Finance Co., Ltd. and HNA Finance Co., Ltd. to avoid potential risks. A bank acceptance note issued by a financial institution.
The blood-sucking acceptance bills caused the “debt collection war” to break out at the end of the year!
As the business activities of modern enterprises become increasingly closely connected, bank acceptance bills are used more frequently among enterprises. When many companies collect bank acceptance bills, they will encounter some unstandardized bills or even counterfeit bills, causing losses to the company. The pain point of acceptance bills is now causing many small, medium and micro enterprises to complain. The owner of a small business said: “Cancellation of acceptance bills is the greatest support for small and medium-sized enterprises. Even if the company agrees to pay within 30 days, there will be no money and all it will be.” It’s an acceptance bill.”
Big time nowPayments for goods are almost always made by acceptance, and small businesses require cash to purchase materials, wages, pay taxes, pay interest, etc. After all, an acceptance bill is money, but it is not cash after all. The company needs money to pay wages, pay shop rent, five insurances and one housing fund, and pay taxes. You can’t use an acceptance bill to pay back employees.
A certain business owner who was “suffering deeply” made this calculation: last year, the company’s sales were 30 million, of which acceptance bills accounted for 60 %, usually cash is used, so 60% of the bills of exchange are discounted in advance. A total of more than 400,000 yuan was discounted throughout the year, while the net profit last year was only about 1 million yuan. Interest accounts for half of the profit, not counting the other 40% of the cost of the bill.
Acceptance bills mainly have the following costs:
Time cost: Acceptance bills generally have It is one and a half years;
Financial costs: Bills of exchange will lengthen the company’s capital turnover cycle; if the acceptance bill is discounted in advance, several points of interest will have to be paid;
Guarantee fee: Some banks will not accept small bills of exchange of hundreds of thousands, and a guarantee company is required to guarantee;
Travel fee: Many bills of exchange cannot be accepted immediately after they expire, which delays Not to mention the time cost, after the expiration date, the company will have to spend a lot of money on transportation and communication costs for this matter.
Even if this is the case, business still has to be done. As a small business owner said: “If a downstream company purchases goods from you, but it has no cash and only has an acceptance bill, is it right? Are you not going to do this business? Besides, there are a lot of repeat business. Both parties have friendship in the business field. If you don’t do this business, maybe this line will be broken in the future.”
According to analysis by industry insiders, the textile industry is currently having a difficult time. In 2019, the global economy will decline and risks will increase. Compared with previous years, the economic environment is better. The transaction period between enterprises is normal, credit sales are relatively common, and multi-corner debts can be maintained in balance relatively smoothly. In the case of smooth sailing, everyone is safe with each other. Nowadays, the market is experiencing abnormal fluctuations, and uncertainties can erupt in an instant. Enterprises in all industries must be risk-aware.
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