Shenzhen billion light collapse, the legal person has disappeared for many days

"This business failure is inevitable, the boss owed 889 debt, now in custody; factories are shut down, enterprises can not be saved. "A Shenzhen billion light Technology Co., Ltd. (hereinafter referred to as Shenzhen billion light) employees in Shenzhen City Labor Dispute Arbitration Institute Shiyan school entrance door angrily said. Yesterday, the Shenzhen billion light workers to send a letter to the court to submit an application for arbitration, hoping to get their wages through labor arbitration in April to June. Reportedly, Shenzhen billion light Corporation Li Bin since June 8th has disappeared forever, employees can not contact their own boss, in June 17th the factory is shutdown, the company also has no announcement. Staff said: "the boss owed to suppliers 889 loan, the boss is detained in Shantou. The factory also owes our employees 3389 salary. According to reporters at the scene observed, to the court of arbitration in Shenzhen, a total of more than and 40 employees from the grassroots staff to a total of two people, they are consistent with the view that the enterprise is going bankrupt. Collapse reason in what is the cause of Shenzhen collapse billion light where? We all know that there is a problem with the capital chain, but in the end where the money is the emergence of a problem on the divergent. Some employees said, may be failure of transformation in the enterprise, before Shenzhen billion light are product channel route, profit is low, the boss may want to transition to the field of research and development this year, put some money into it, a lot of technical talents such as high salary. Some say that the relationship between the shareholders of the company is complex, the company management confusion. Some said that the cooperation of the new project failed, the other shareholders to withdraw shares so that Shenzhen billion light quagmire. Some say that the boss let financial accounting, his own money to turn away. According to the reporter, Shenzhen billion light is a LED display unit and board products and service enterprises, the production of full color display at this year's time, but the industry has generally. Said the transformation of the company did not find any big handwriting, most employees do not agree with the failure of the transition. As for the failure of cooperative projects, there may be traces. In the past there have been rumors, Shenzhen billion light and Sichuan lion lion photoelectric cooperation to build a billion photoelectric. But the possehl photoelectric sales General Manager Wang Peng denied this, according to Wang Peng introduction, before the possehl photoelectric and Shenzhen billion light is the intention of cooperation in the construction of production bases, but investors are possehl photoelectric, Shenzhen billion light did not pay, mainly responsible for the management of. Later in the audit of Shenzhen photoelectric possehl billion light financial statements, found that Shenzhen registered capital is four million billion light, while debt is about ten million, which is not normal, so that there is no cooperation. Excessive use of financial leverage financial statements do not reflect another problem existing in Shenzhen billion light - excessive use of financial leverage to normal, this is a common problem of LED industry. The rapid development in the past 08 years to 12 years of LED display industry, many enterprises in the pursuit of market share, the use of financial leverage to the extreme, the company itself was not large enough to support such a big business, but in front of the interests of many enterprises have to venture to do. At this time the enterprise is facing debt problems, debt problems are mainly reflected in two aspects, one is owed to the bank's money, one is owed to the supplier's money. In the rapid development of the industry when the problem can not see, but when business slows or getting into debt levels, the problem becomes a barrel of gunpowder, a little wind sways grass will explode. Wang Peng said: "the registered capital of only four million, while the debt rate is as high as 20 million, this is the excessive use of financial leverage performance. "Shenzhen million employees in the light for my salary, on behalf of the enterprise boss said, others still owe the company money, employees want to pay talks to owe money to enterprise customers. This may seem ridiculous, but it reflects the company's triangular debt problem, which is also common in other LED companies. Before the market is booming, many companies are trying to expand their production scale, even in the absence of sufficient funds to pay the supplier's money is also willing to do so. At the same time, in order to win more customers to relax their own sales, to extend the time of payment of customers. To do so on their own or the damage to the industry is relatively large. When the supplier does not sit to the enterprise will run, enterprise unrecalled customers owe the money, but also not supplier arrears, which easily lead to capital chain rupture, enterprises are faced with the risk of failure. Listed companies also exist such problems, but the listed companies are relatively abundant funds, the surface can not be seen, but the company's financial statements can still see the problem. Before the collapse of junduoli, yjg are facing the same problem, because unable to properly solve the failed. Shenzhen billion light, and many LED companies need to face the problem, not the blind pursuit of corporate profits, and to control their own sales, not excessive indulgence of project loans, advocate a healthy way of sales in the industry, enterprises are responsible for the quality and performance of their products. At the same time to be responsible for their own financial, customer loans can not be too long, good control of their financial problems.