Recently, the Qinghai Branch of China Huarong Asset Management Co., Ltd. released the asset promotion of Qinghai Jinding Cement Co., Ltd. In view of the creditor's rights of Qinghai Jinding Cement Co., Ltd. (Hereinafter referred to as "Jinding Cement") held (including entrusted management) by China Huarong Qinghai Branch, it is proposed to resume the production and sales of Jinding Cement through debt restructuring or bankruptcy reorganization, revitalize assets and solve the debt crisis. Qinghai Jinding Cement Co., Ltd., the debtor Qinghai Jinding Cement Co., Ltd. is located in Hanzhuang Village, Yurun Town, Ledu District, Haidong City, Xining City, Qinghai Province. Its main business is the production and sale of cement clinker and cement. The debtor has stopped production since November 2018 due to the breakdown of the capital chain. The debtor's land, plant and equipment are leased to the outside world, because the debtor is involved in more litigation cases, as of the date of the announcement, it is still in a state of suspension of production.
It is understood that Jinding Cement was established on April 21, 2009, which is a limited liability company invested by Qinghai Dongfang Jinshan Cement Investment Management Co., Ltd. as the main investor. Registered capital of the enterprise is 260 million yuan; legal representative: Chen Shangyi; business scope: production and sales of cement and concrete; mining of marble for cement. Registered address: Hanzhuang Village, Yurun Town, Ledu District, Haidong City, Qinghai Province.
Jinding Cement is short of stock funds due to the influence of factors such as fund lending between affiliated enterprises, loan balance reduction by some banks, difficulty in clearing up accounts receivable, policy of "limiting production and guaranteeing price", and private lending. The cash flow of the enterprise is tight, and the principal and income of the creditor's rights can not be paid on time, resulting in overdue.
Jinding Cement has two new dry process cement clinker production lines with a daily output of 2,500 tons, with an annual output of 1.8 million tons of cement clinker and an annual cement production capacity of 2.4 million tons. Two sets of 4500 kW pure low-temperature waste heat power generation systems are built at the kiln inlet. The Reply on the Environmental Impact Report of Qinghai Jinding Cement Production Line Project with a Daily Output of 5,000 Tons of Clinker Cement (QHF (2009) No.347) issued by the Environmental Protection Department of Qinghai Province and the Reply on the Approval of Qinghai Jinding Cement Co., Ltd.'s Production Line Project with a Daily Output of 5,000 Tons of Clinker Cement (QFGIC (200)) issued by the Development and Reform Commission of Qinghai Province have been approved 9) No.1032]. The implementation of the project is in line with the national industrial policy, can improve the industrial structure of the cement industry in Qinghai Province, can make use of a large number of waste residues and ashes from iron and steel, power generation and other enterprises in the province, and is conducive to protecting the ecological environment. The target
of
asset recommendation is to restructure or reorganize the debtor with the creditor's rights of Jinding Cement Company, and to raise industrial investors or partners. Liabilities of
debt enterprises & nbsp; & nbsp;
The total amount of creditor's rights held by China Huarong Qinghai Branch to Jinding Cement is about 850 million yuan, of which the principal of creditor's rights is 585 million yuan and the total amount of interest and penalty interest is 265 million yuan.
Jinding Cement has a debt of about RMB 100 million in other financial institutions, more private loans and other debts, totaling about RMB 670 million, and an external guarantee of about RMB 320 million.
To sum up, the total debt of Jinding Cement is about 1.62 billion yuan, the external guarantee is about 320 million yuan, and the total debt is about 1.94 billion yuan. Assets mortgaged by
creditor's rights & nbsp; & nbsp; The mortgaged assets are as follows: & nbsp; & nbsp; 1. A total of 2,158 sets of professional equipment for production lines of Jinding Cement and Jinshan Cement; & nbsp; & nbsp;
2. The industrial land owned by Jinding Cement is 341,388.53 square meters (about 512 mu); & nbsp; & nbsp; 3. The office buildings and factory buildings owned by Jinding Cement have a total 84053 of 64 square meters;
4. The mining right of marble mine for construction in Changgou Village, Dala Township, Ledu District owned by Qinghai Jinding Cement Co., Ltd.; 5. The commercial real estate of the third party Longxiang Industry and Trade Co., Ltd. located in Ledu District, Haidong City.