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January-AugustMoreThan21BathroomCompanyAssetsWereAuctionedOff|iVIGATapFactorySupplier

בלוג

ינואר-אוגוסט יותר מ 21 נכסי חברת חדרי האמבטיה נמכרו במכירה פומבית

מִטְבָּח & כותרות אמבטיה

According to incomplete statistics, in the first eight months of 2020 at least 21 sanitary ware enterprise assets were auctioned or will be auctioned, involving Zhejiang, Jiangxi, Anhui, Fujian, Guangdong and other parts of the country. In the same period, there are multiple claims involving sanitary ware enterprises are being auctioned or are investment, most of these enterprises are not clear, its creditors in the auction platform to lower than the debtor’s actual arrears of the starting price for the auction.

 

1-8 Month Super 21 Sanitary Ware Enterprise Assets Were Auctioned

According to the Ali judicial auction platform public information shows that from January to August 2020, the platform shelves more than 59 cases and sanitary enterprise related assets auction bids, involving 21 sanitary enterprises, including Zhejiang, Jiangxi 5 each, Anhui 4, Fujian 3, Guangdong, Hunan 2 each.

January-August Bathroom Industry Asset Auction Enterprise Incomplete Statistics:

לֹא. Enterprise Province
1 Taizhou Bauman Sanitary Ware Co. Zhejiang
2 Jiujiang Gaoqi Bathroom Technology Development Co. Jiangxi prefecture level city in Jiangxi
3 Jiangxi Province Kai Bao Sanitary Integration Co. Jiangxi prefecture level city in Jiangxi
4 Jiujiang Kingman Sanitary Ware Development Co. Jiangxi prefecture level city in Jiangxi
5 Jiangxi Jinqiang Sanitary Ware Co. Jiangxi prefecture level city in Jiangxi
6 Anhui Jianli Sanitary Ware Manufacturing Co. Anhui
7 Heshan Ammon Sanitary Technology Co. Guangdong (province)
8 Yamiya Sanitary Ware Zhejiang
9 Wuyi Southern Sanitary Ware Co. Zhejiang
10 Firyang County Jinwang Kitchen & Sanitary Ware Packaging Co. Anhui
11 Anhui Sunpai Sanitary Ware Co. Anhui
12 Hunan Guowei Sanitary Ware Co. Hunan
13 Nan’an Shuangzhuan Water Heating Equipment Factory Fujian
14 Quanzhou Zhongyu Sanitary Technology Industry Co. Fujian
15 Quanzhou Gaoyu Sanitary Technology Co. Fujian
16 Kaiping City Shuikou Town Haoguan Sanitary Ware Business Department Guangdong (province)
17 Zhejiang Kebo Sanitary Ware Co. Zhejiang
18 Hunan Xiantao Stainless Steel Sanitary Ware Co. Hunan
19 Taizhou Huangma Sanitary Ware Co. Zhejiang
20 Ganzhou Muerya Bathroom Co. Jiangxi prefecture level city in Jiangxi
21 Anhui Fuyalin Sanitary Ware Co. Anhui

(Based on information publicly available on the Ali Judicial Auction Platform)

Recently on the shelves, the starting price of more than 10 million yuan of two auctions were involved in Hunan first Tao stainless steel bathroom Co.

According to the enterprise check shows that Hunan first Tao stainless steel sanitary ware limited company was established in 2011, registered capital of 50 מיליון יואן. בנוסף, according to an announcement issued by the Economic and Information Commission of Hunan Province in September 2017, as a benchmark and demonstration to guide the transformation and upgrading of small and medium-sized enterprises in the province, Hunan First Tao Stainless Steel Sanitary Ware Co. בע"מ. had been selected for the 2017 Changde City Small Giant Enterprises List. And according to the People’s Court announcement website, Hunan First Tao Stainless Steel Sanitary Ware Co. has filed for bankruptcy in December 2019. The company’s assets were first auctioned in June 2020 with a starting price of 1,405,800 יוּאָן, and after two unsuccessful auctions, a third auction is currently underway with a starting price of 1,024,600 יוּאָן.

January-August More Than 21 Bathroom Company Assets Were Auctioned Off - Blog - 1

בנוסף, the auction assets of Taizhou Huangma Sanitary Ware Co., בע"מ. is located in Taizhou City, Luqiao District, Pengjie Town, Tang Wang Village, plant and land use rights, the starting price of 16.33 מיליון יואן. בע"מ. הוקמה ב 2006, with a registered capital of RMB 6.8 מִילִיוֹן. According to the Supreme People’s Court, Taizhou Huangma Sanitary Ware Co., בע"מ. has three records of loss of trust, the latest of which was published on July 7, 2020. This announcement shows that the company was fined RMB 215,680 יוּאָן, all of which had not been fulfilled as of the announcement date.

January-August More Than 21 Bathroom Company Assets Were Auctioned Off - Blog - 2

 

More Involved In The Bathroom Enterprise Debt Was Auctioned

In addition to the physical assets-based auction targets, Ali judicial auction platform also shelves involving corporate debt auction targets. According to incomplete statistics, so far this year, and sanitary ware enterprises related to the creditor’s auction bids or the investment auction bids more than 27, involving zhejiang mint sanitary ware Co. Shen Lu Da Group Co. and other companies.

ביניהם, the claim involving Chaoan County Ketao Sanitary Industry Co. has been auctioned as many as 17 times since October 2019, with the latest auction taking place on Sept. 4 with a starting price of $1 מִילִיוֹן. According to the details of that auction, Chaoan County Ketao Sanitary Industry Co. and three related parties are the debtors.

January-August More Than 21 Bathroom Company Assets Were Auctioned Off - Blog - 3

In the rest of the debt auctions involving sanitary ware companies, most of the sanitary ware companies are debtor status, and there are companies with debts of more than 100 מיליון יואן. לְדוּגמָה, in the Industrial Asset Management Co., בע"מ. released a titledIndustrial Asset Management of Fujian Oulian Sanitary Ware Co., בע"מ. and other 17 non-performing credit disposal and investment announcement,” the announcement shows that, as of February 29, 2020, involving Fujian Oulian Sanitary Ware Co. בהווה, the auction is still in the investment.

12 Jinjiang Jiarongfa Garment Weaving Co. 20627421.13

 

18000000.00

 

2496055.13 131366.00 Mortgage + Guarantee
13 Jinjiang Hengsheng Footwear Co. 23665761.42

 

19979782.43

 

3522176.99 163802.00 Mortgage + Guarantee
14 Shunxin (חרסינה) Co. 21132185.35

 

16640000.00

 

4350732.35 141453.00 pledge
15 Dodge (Fujian) Footwear Co. 61677349.31

 

41533253.00

 

19844509.31 299587.00 pledge
16 Fujian Oulian Sanitary Ware Co. 113262422.37 85664644.21

 

27597778.16 0.00 Mortgage + Guarantee
17 Jinjiang Jinwei Sporting Goods Co. 65293777.03 38892777.78

 

26400999.25 0.00 pledge
    691,998,162.06 492,105,496.53 198,242,215.53 1,650,450.00 Mortgage + Guarantee

 

So Far This Year, More Than 6 Sanitary Ware Enterprises Filed For Bankruptcy Liquidation

With the concept of housing and changes in consumer demand, the bathroom industry in recent years into a period of deep adjustment, enterprises in the management and operation of a series of new challenges. Under the changes, some companies have found their way forward, while others have filed for bankruptcy due to insolvency.

According to the People’s Court announcement website, as of September 3, there are at least six sanitary ware companies whose bankruptcy applications have been accepted in 2020, namely Qingyuan Huatao Sanitary Ware Co Ltd, Taizhou Red Sequoia Sanitary Ware Co Ltd, Taizhou Sanco Sanitary Ware Co Ltd, Zhongshan Hermes Sanitary Ware Co Ltd, Shandong Kaijie Furniture Co Ltd and Yuhuan County Lejia Sanitary Ware Co Ltd. בע"מ. and Yuhuan County Lejia Sanitary Ware Co. בע"מ. If added to the previous announcement was withdrawn, this year’s application for bankruptcy and liquidation of sanitary ware enterprises will be far more than six.

January-August More Than 21 Bathroom Company Assets Were Auctioned Off - Blog - 4

Bankrupt sanitary ware enterprises are mostly due to the capital chain breaks, unable to repay loans, some enterprises are also alleged to default on workerswages. Such as Zhongshan Hermes Sanitary Ware Co., בע"מ. previously appeared in 2020 in Guangdong Province, the second batch of default on wages of migrant workers in the list of enterprises, the company owes 124 workers 977,000 yuan in wages are included in theblack list”.

It can be predicted that, in the industry’s internal self-adjustment and external force majeure, the bathroom industry will face a new round of reshuffle, the overall strength of the poor, the pressure of the capital chain, the ability to resist the weak enterprise will be eliminated by the market, can stay, are able to withstand the test of the market enterprise.

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