Analytic Research On Reconstruction Of Enterprise Debts For Huanggong Group And Its Revelations

To some extents, every enterprise's issue of reflects not only the and credit condition, also economic method of the country, the issue of an enterprise's liability is a reflection of its management and its credit level to a certain extent, and of the economic order of a country as we 11. With theoretic research and substantial practice, it has been proved that debt reconstruction is an elementary solution to the debt problem. On the whole, state-owned enterprises in China have been seriously obsessed with heavy burden of liabilities which prominently affect the survival and the development of an enterprise, and surprisingly restrict the reforms of state-owned enterprises and banks.Therefore, it is highly imminent and important to probing into solutions, adaptable in China, to the liability problems, The achievements of this paper is characterized firstly by a systematic representation of the reasonable scale of liabilities through beginning from basic theory of liability reconstruction, and a detailed clarification of an enterprise's qualifications for liability reconstruction, its exact reconstruction contents and the concerning reconstruction objectives.Secondly, based on the current practice in liability reconstruction in China and through comparative analysis, the author produces six major modes for liability reconstruction. They are listed below: Reliabilities closed by Banks; Assets devoted by Finance; Liabilities transformed from liabilities; Negotiation in Markets.Herein, the author also expounds the principles and basis in choosing a particular mode for liability reconstruction. Lastly, the author analyzes the whole course of Huanggong Group's liability reconstruction, and compares what's before the implementation of its liability reconstruction and what's after the implementation of its liability reconstruction. With profound analysisin reasons in all levels, the author proposes four strategic solutions to liability reconstruction of the state-owned enterprises in Shaanxi Province:1. in light of relative national policies and the particular characteristics of an enterprise, identify the subject to conducted liability reconstruction on in order to help it out as soon as soon as possible.2. to expedite reforms in the fields of financial, fiscal and revenue administrations, perfect social guarantee system, complete relevant laws on debt reconstruction, and further better the macro-economic environment.3. to improve the administration of an enterprise, pioneer various ways of financing so as to orbit the capital of an enterprise into a beneficial circulation.4. to set up a mechanism of accumulation in an enterprise and revitalize enterprise administration through the flow of property right and capital in order to get rid of the crisis of debts.Debt reconstruction is an complex subject concerning overlapping aspects in the society, such as: an enterprise, the government, a bank and the like. So this issue is greatly of society and application. In this paper, debt reconstruction of Huanggong Group is taken as an example to analyze and research on achievements in and existing problems from debt reconstruction. This can serve as a reference revelation for solving debt reconstruction of the enterprises in Shaanxi Province.