Untouchable "High Boss" Regardless Of The Use Of "Silver Boss" Under The Temptation Of Capital, Wenzhou Shoe Traders Once Again Lost.

After seeing fourth potential creditors in the future, the old ox (a pseudonym) has been completely disappointed.

Recently, in order to raise the operating capital of enterprises, he has run two banks and has found two "high bosses".

The answer from the bank is the need to review, check, and move the process, and the "high bosses" who once enthusiastically came to the door without exception, without exception, said: "the wind is tight recently, and so on."

Old bull is not the only Wenzhou entrepreneur who runs into a wall. When he runs around, the Internet has begun to rumor that dozens of entrepreneurs will be missing.

Since this year, many export oriented shoe enterprises in Wenzhou have lost about 30% year-on-year profits, with a deficit of more than 1/4.

The most direct reason for the collapse of a large number of small and medium enterprises is "lack of money".

Why was the Wenzhou enterprise, once known as the Chinese miracle, suddenly changed from "big money" to "beggar" overnight?

"High boss"

Old ox enterprises to produce

"All the money is in it."

According to the introduction of cows, 2008 or 2009 years, their business turnover is affected by the financial crisis, averaging only about 50 million, but there is still nearly 30% of the profits.

"At the beginning of the plan, we invested 20 million or three years at least 1.6 billion, which is much more efficient than recruiting hundreds of workers."

The "efficiency" of old cattle clearly refers to the rate of return on funds.

But contrary to expectations, the real estate development project has stagnated because of the funding chain break.

Luckily, all this money is mine. If there is a usury or a bank loan, I can only run away.

In today's Wenzhou, most of the small and medium-sized entrepreneurs are not so lucky as the old bull. They have always been bold and enterprising entrepreneurs in Wenzhou. Their dependence on "high boss" has reached unprecedented heights in the past two years.

With the continuous tightening of inflation and liquidity this year, private lending in Wenzhou has been unprecedentedly active and lending interest has gone up all the way.

According to a survey by professional institutions, the current rate of private lending in Wenzhou has exceeded the highest historical value, with a monthly interest rate of 3~6 points, while others are as high as 1 cents, or even 1 cents and 5 cents.

The annual interest rate is as high as 180%.

In the first half of 2011, private lending in Wenzhou was as high as 48 billion 550 million yuan, which is one of the main sources of financing for SMEs.

According to a survey conducted by the Central Bank of Wenzhou central branch in the first half of the year, the scale of the private lending market in Wenzhou reached 110 billion yuan, and 89% of households or individuals and 59.67% of the enterprises participated.

The official documents from Wenzhou also confirmed for the first time that the scale of local private lending accounts for about 1/6 of private capital, which is equivalent to 1/5 of Wenzhou's bank loans.

The main source of funds is idle funds of private enterprises and ordinary families.

Among these money, only 35% of the general production and operation are used, 20% of the real estate is used, and the capital size of the private lending market is up to 40%.

"High boss" really aggressive.

Old cow made such a hypothesis: its clothing factory in October management costs, raw materials, staff salaries, water and electricity and other basic expenses need to maintain 3 million. If this loan is borrowed, in accordance with the current average interest, if returned within a year, the principal and interest is at least 700~800 yuan, the pressure is self-evident.

"But if the real estate gets there, there will be 50 million in a year."

Obviously, the old ox is still lucky.

Such huge profit margins make many entrepreneurs overburdened.

Most of them, like old cattle, have been accumulated in clothing, small commodity manufacturing and hand processing industry for many years.

In the past enterprise management, the problem is more than cost and order acquisition. Although not a profiteering industry, it has gradually owned its own brand and management characteristics in the production and operation for more than 20 years, and finally formed a Wenzhou miracle which enjoys a good reputation throughout the country.

But today, under heavy pressure, the miracle of the past is facing a serious crisis.

No matter what the "silver boss" is.

But it is obvious that the overflow of usury is only a representation and can not become the root cause of crushing Wenzhou enterprises.

"Capital turnover is a common problem in enterprises. Banks do not lend money, they only go on loan sharks. After all, companies still have to operate."

Old cow said.

The financing difficulty of SMEs is not only in Wenzhou but also in the whole of China.

All kinds of criticisms about the credit system of banks have been a cliche. Because of the risk of poverty and wealth, the small and medium enterprises must not take the "silver boss" as the last choice, and it is usually considered to be "useless".

"At that time, when I had tens of millions of books on account, the bank's credit clerks came to me several times a week to lend me some loans, but now I need money. Almost all banks are going to approve and mortgage, and the process is cumbersome, regardless of the actual situation of the enterprise."

The situation of old cow has been met by almost every growing Wenzhou enterprise.

"Silver bosses" are hard to find, so they must be accompanied by "high boss", which seems to be logical.

Is the bank hiding behind this round of "Wenzhou storm"?

The answer is No.

In the absence of bank loans, Wenzhou entrepreneurs, like old bull, rely on the value created by a button and a garment, and still enable enterprises to rise rapidly in the past decade. Even though they were hit by the 2008 financial crisis and the recent recession in Europe and America, this would never cause Wenzhou enterprises to have such a large-scale bankruptcy. After all, the management cost of every year and every quarter of the enterprise is small range, and there should not be such a large shortage of funds.

The situation encountered by Lao Niu's clothing factory in the past two months is very revealing.

"In 7 and August, because of the rising cost and the adjustment of the wages of workers, the cost of the original 2 million has changed to 3 million, and the gross profit of each garment has been reduced from 20% to 15% under the double pressure due to the sharp decline in the purchase order of European buyers."

Old cattle are very sensitive to changes in numbers.

But the obvious problem is that a decline in profits does not mean no profit.

Now that there is profit, why will the enterprise be trapped in the financial predicament that is on the verge of bankruptcy?

Who led the capital dilemma?

The present situation of Wenzhou enterprises is: a traditional labor-intensive enterprise with an asset of 30 million yuan, looking for 5 guarantee enterprises before and after, and going to 5 banks for short-term loans of 20 million yuan.

Then, how does this total amount of 100 million yuan loan be used? There are several ways: first, usury, earn interest margin; two, real estate investment; three, stock and equity investment; four, expand production scale and so on.

On the one hand, 1000 can change two hundred million of real estate, investment and usury in the year to come. On the other hand, it is the small profit of industrial production, the dilemma of manufacturing upgrading and the bottleneck of industrial development. Wenzhou enterprises, which are smart and famous, almost invariably choose the former.

As a result, a large number of enterprises gradually abandoned the industry, turned to invest in real estate and virtual economy, thus laying the foreshadowing of the crisis.

Some of the data that are happening confirm the rapid decline made by Wenzhou. In 2001, Wenzhou had more than 4000 lighters, occupying 80% of the global market for metal lighters, and less than 100 enterprises retained after ten years.

During the peak period, there were more than 6000 shoe factories in Wenzhou, and the number has been reduced to more than 2000.

The high cost of CPI growth and the decline in orders caused by the decline in Europe and the United States can not be an excuse for Wenzhou enterprises to abandon investment in manufacturing pformation. The loss before the temptation of capital may be the root cause of this round of Wenzhou storm.

If entrepreneurs like old bull can not be attracted by the real estate profits that return more than 800% in those three years, and stick to the original shoes and clothing manufacturing field, there is no need to find "high boss" and "silver boss" to seek capital turnover.