How to settle 4.5 million yuan debt-.docVIP

 PAGE \* MERGEFORMAT 12 How to settle 4.5 million yuan debt? The early nineties the real estate industry into a major popular, making the cement as a building material has become so popular: the high price, selling fast, big profits. Ever since, the cement plant have been carried out technological transformation, to open production lines, in order to expand production capacity; a new cement plant starts operation, too, constantly. Red cement plant is a township collective enterprises, to say the assets, many more than 2,000 million yuan, the staff more than 800 numbers. We will have to carefully audit the accounting, but it is debt management, the amount of their net assets are few. But the cement so are enjoying the prospects are very good, in May 1991, red light on a new cement plant decided to produce 300,000 tons of high grade Portland cement production line. To a production line, require a lot of money; money Where did they come, have to borrow. 4.5 million yuan, the number can not be less! Fortunately, every family wants to make money, in particular, it is easy to earn our money; banks are also willing to invest in hot industries. 4.5 million yuan loan from China Construction Bank A branch soon in July alone resolved. A branch of China Construction Bank has also signed a cement plant with the red construction technological transformation of the loan contract. The contract: Loan period of four years, from July 1991 to June 1995, uses for the red cement plant renovation projects; loans for debt service is financed from profits and depreciation of new production fund; rate rates of interest provided by People’s Bank executive. In order to ensure that loans can be shown with schedule to recover, according to the requirements of China Construction Bank A branch, loan contract also provides for the following mortgage terms: ‘Party (red cement) to the following materials as Party B (CCB A Branch) Mortgage loans: Name red cement fixed assets, number one, the v