(hereinafter referred to as “Jiangsu Nicol”) for “phase I project of annual processing of 3 million tons of imported resource ore”
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How dare you play this in a provincial hospital? An enterprise can live for thousands of years without profit
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According to the letter, Shandong Nicol decided to terminate the implementation of the 500000 tons high-end new material project of Shandong Nicol New Material Technology Co., Ltd
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Once there is a problem with the owner’s payment, it is conceivable that Jiangsu Metallurgical Design Institute will go bankrupt every minute
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If the project is terminated, it may cause the loss of the above prepayment, which is expected to have an adverse impact on the company’s later performance; since the liquidation of the project’s related creditor’s rights and debts has not yet been completed, and the specific amount of impact on the later profits can not be finally determined, the company will immediately start the liquidation of the project’s debts and declare the creditor’s rights and relevant compensation to the other party’s liquidation group
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Once the cash flow is cut off, it will die immediately! Doyouknow？ The following is a living example of Jiangsu Metallurgical Design Institute
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due to the lack of stable supply of materials required for the project and the failure of supporting conditions such as power supply to meet the requirements of technical and economic analysis
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The central enterprises with Chinese prefix have lost a lot of money when they are engaged in general contracting projects abroad
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By the end of 2019, the financial situation of Jiangsu metallurgical design institute is as follows: the total assets are only 63.27 million yuan, and the total liabilities are 1.63 billion yuan
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As a technology company with light assets, the cost of Jiangsu metallurgical design institute is mainly a little labor
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The construction contractor constantly changes the claim, and Party A blindly emphasizes that the total price is guaranteed (especially in foreign countries, it is really guaranteed)
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Without the escort of naval guns, it’s a matter of minutes for owners in underdeveloped countries to pay
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Pt Titan mineral Utama company of Indonesia handles 2.4 million tons of laterite nickel ore project annually, with a completion progress of 52% PT.BALINTONRESOURCESINVESTMENT The company handles 2.4 million tons of laterite nickel ore project annually, the design part is $4 million, the completion progress is up to 90%, and the engineering part (3) Malaysia steel plant’s 150000 T / a rebar project with a contract value of rmb4.2 million, with a completion progress of 70%; 4) Indonesia Nangang Wulong Steel’s 1 million T / a 500000 T / a steel production line design project with a contract value of RMB 10.8 million; 3) major overseas projects to be launched soon; (1) antam group of Indonesia handles 5 million T / a laterite nickel ore The total contract amount of the project is 820 million US dollars
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It is the only provincial comprehensive large-scale design unit in Jiangsu metallurgical industry
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Vietnam Hejing 40t converter steelmaking project 6
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Indonesia wulongjiabai Steel Company 450m3 blast furnace; 5
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Overseas contracted projects of Jiangsu Metallurgical Design Institute in recent three years: 1
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In recent years, the company has applied for more than 20 national patents, 1 ministerial level science and technology progress award, and more than 30 provincial and ministerial level excellent design and excellent consulting achievement awards
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2
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The most likely problem is the construction management link that I am not good at
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How can it be in debt of 1.7 billion and step by step into the abyss of bankruptcy? As far as I’m concerned, the key is that, driven by private capital and other capital forces, we have moved to the field of general contracting, especially overseas general contracting, which we are not good at
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It can be seen from these figures that the court has long been on the verge of bankruptcy
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The operating revenue in 2019 is 16.22 million yuan, and the net profit attributable to the shareholders of the parent company in 2019 is – 1.657 billion yuan
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At the same time, it has grade a engineering design qualification in metallurgical industry and grade a engineering consulting qualification in steel and construction industry, which has a very high reputation in the industry
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At the end of 2019, the net asset attributable to the shareholders of the parent company is -1.57 billion
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As a result, we didn’t make a high profit
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In 2017, at the request of the project owner, Jiangsu Metallurgical Design Institute, Jiangsu Nicol and Shandong Nicol New Material Technology Co., Ltd
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reorganization investor recruitment notice” caused a sensation in the industry
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The company has complete specialties and strong technical force, mainly including metallurgy, pressure processing, mechanical technology, industrial furnace, general layout and transportation, electrical, automation, water supply and drainage, heating and ventilation, gas, heat, construction, structure, environmental protection, fire protection, technical economy, budget and other specialties
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It can be seen that these overseas projects are basically EPC projects, and they are all in underdeveloped countries
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Iran sabanoors steel company 25m2 ring sintering machine project; 2
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Then in December 2007, Jiangsu Metallurgical Design Institute was merged by Shenwu energy saving Co., Ltd
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In the process of the project, Jiangsu metallurgical design institute received the notice from Shandong Nicol
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Jiangsu Metallurgical Design Institute, formerly known as “Metallurgical Design Institute of Jiangsu metallurgical industry bureau”, was established on November 22, 1958 as an institution under Jiangsu metallurgical industry bureau
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The middle squeeze is the profit space of the design institute
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Jiangsu metallurgical design institute said that in order to smoothly promote the project, the company has signed part of the equipment procurement and construction and installation subcontract, and paid part of the equipment and construction and installation subcontract
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After the change, the total contract amount increased to 2.609 billion yuan
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On the contrary, once the owner pays or other reasons go wrong, the design institute may lose money immediately.
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Overseas projects under construction 1
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Jiangsu metallurgical design institute is naturally introduced into various metallurgical energy saving and emission reduction core technologies developed by Shenwu energy saving Co., Ltd
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is a famous engineering general contracting company in the field of metallurgical engineering construction in China, which has more than 50 years of experience in R & D, engineering consulting, engineering design and perfect service system
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Today, Jiangsu Metallurgical Design Institute Co., Ltd
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In May 1986, it was officially restructured into Jiangsu Metallurgical Design Institute, becoming an enterprise owned by the whole people with independent accounting and enterprise management
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EPC projects are inherently risky, relying on high profits to resist high risks
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Once Libya is in turmoil, China’s investment of 10 billion yuan will be lost there and will not be returned
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According to the announcement, in 2015, Jiangsu Metallurgical Design Institute signed an EPC contract with Jiangsu Nicol New Material Technology Co., Ltd
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in this way, Jiangsu metallurgical design institute has become an engineering general contracting company with design as the leader
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A month ago, a national enterprise bankruptcy reorganization case information network “Jiangsu Metallurgical Design Institute Co., Ltd
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Some completed overseas projects: 1
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In these countries, the general contracting of projects is mostly carried out with funds
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It is an advanced group in the national metallurgical industry, an honest unit in the engineering survey and design industry of Jiangsu Province, a high-tech enterprise in Jiangsu Province, and an AAA credit rating unit in the engineering consulting industry of Jiangsu Province
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India adhunik company 25m2 × 2 ring sintering project; 3
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In other words, ten losses and four losses still have to be done, just like venture capital
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Electric furnace continuous casting project with an annual output of 300000 tons in Vietnam Wanli steel plant
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Therefore, Jiangsu metallurgical design institute has advanced a huge amount of funds in these projects
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It is a comprehensive design institute specializing in industrial projects and civil projects
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Brazil cosipar company 25m2 × 2 ring sintering project; 4
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According to the announcement, according to the general contracting progress of the project, the company has recognized 93.8291 million yuan of revenue including tax, and collected 129 million yuan
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Pt Titan mineral Utama company of Indonesia handles 2.4 million tons of laterite nickel ore project annually, with $2.4 million for the design part and $93.88 million for the engineering part, with a completion progress of 90%; 2
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When the design institute is engaged in the general contracting of the project, the most possible problem is not Party A
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(hereinafter referred to as “Shandong Nicol”) signed the “three party agreement of Nicol project”, which changed the original contract
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But this 2.6 billion project, Jiangsu metallurgical design institute already did not know how many billion invested! This is a problem for Party A
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