Study On SM Mechanical Factory Bankruptcy Plan

The enterprises of war industry have made significant contribution to the development of the defense construction and national economy of our country for a long time. And they still undertake very heavy tasks. However, there are many kinds of disadvantages that hinder the healthy development of enterprises of war industry. They come as follows: the out-of-date equipment and old infrastructure, productive facilities and the technology not being improved and updated as timely as possible; enterprises' debt burden and enterprises' social responsibility being heavy ; professionals' introducing and retaining being difficult, staffs quality keeping dropping, new momentum to expand seriously lacking . At the same time, because of poor communication between departments and lack of normal competitions within, lower efficiency, slow reaction to the market and lack of vigor is being seen everywhere. Document[2002]No.7 issued by the State Council clearly put forward its tasks, goals and requirements for enterprises of war industry to carry out their strategic deployment and overall arrangement to reform and get free from difficulty. This paper, through forecast and the analysis for SM Factory's present situation, combining the requirement that SM Factory establishes modern enterprise system, utilizing the related theories of " Bankruptcy Law" and scheme. " Bankruptcy Law", has designed the Factory's and put forward supplemental measures suggestions for the enforcement of the schemeSM Factory is a national insure military enterprise, it can implement minute to stand bankruptcy, that is, the first military article of the people divides to stand, and then implement policy bankruptcy for the article part of the people .It is excessively upright to know that this will make military article Factory capable and main, and perform better to insure the duty of official post-in the army. Through bankruptcy, it can alleviate enterprise burden to the most part, and make the ability to participate in the competition of market greatly strengthened. Through asset reshuffle, it can establish a standard market that runs according to modern enterprise system, the new system will pour into vitality and vigor for the reshuffled enterprises, get rid of present difficult situation, and then develop much more quickly.This paper , with adopting the research technique theory and practice, collecting actual information, synthesizing to utilize viewpoints and modern theories of the subjects such as law, theory of economy , financial management and the management of human resource, has proposed a reform view that suits SM Factory's actual condition. This paper ,by finishing the SM Machinery Plant operating status quo and interpretation of charts, analysis of existing problems ,propose solutions and then design the assets restructuring plan of SM Machinery Plant. Finally, there is a comprehensive evaluation model about assets restructuring plan .There will be a certain value to the SM Factory bankruptcy and the reform of military industry enterprises by this paper's view . Military enterprises is a special kind of business of the legal policy, the market, and the national plan. It will still require extensive research how to carry out its reorganization of assets, how to restructur its diversification of property rights, how to balance its interest of unions , creditors and the state and to comply with the market Laws .