Heng Li Industrial arrears employees huge social insurance 85.49 million big single Doubt

Source: Internet
Author: User
has been suspended for a continuous loss of 7 years of constant state industry (market, inquiry), recently handed over the reorganization of the first annual report, the company's 2013 main income and profits year-on-year growth achieved. However, the bright behind, Heng Li Industrial but arrears of social insurance costs amounted to 31.74 million yuan, was questioned to evade social responsibility. At the same time, the annual report of the disclosure of a whopping 85.49 million yuan in trade income is also questionable. Unpaid Social Security fees 31.74 million annual report shows that up to the end of December 2103, Heng Li Industrial insurance coverage of 31.74 million yuan. Among them, to deal with the basic endowment insurance 20.06 million yuan, medical insurance premiums 7.89 million yuan. The annual report also shows that as at the end of 2013, the number of employees employed by Heng Li Industrial is 175. According to the calculation, Heng Li Industrial employees in arrears of social insurance costs on average as high as 180,000. Company location Yueyang said that, according to local wages and Heng Li industrial wages, each owed 180,000 social insurance premiums, indicating that the company owed at least 7 years of staff social insurance premiums, which has seriously violated the enterprise employment system and social security system. Companies that are so delinquent in their huge social insurance premiums in the "social responsibility situation" in the introduction, said, "the company in 2013 actively to fulfill the obligations of corporate citizens, undertook the corresponding social responsibility, and actively assume the employees, customers, consumers, creditors, society and other stakeholders of the responsibility, Full attention to and effective maintenance of employee rights and interests. "Large number of trade doubts after the reorganization of the company's business performance significantly improved, 2013 to achieve the main business revenue 183.08 million, an increase of 42% per cent, net profit of 10.12 million yuan, an increase of 96%." The company board of Directors of the reason for the increase in income is that 2013 operating metal materials trade income growth of 85.49 million yuan. It was this huge trade income that made the company's main business income grow by 42%. However, this huge trade is questionable. Heng Li Industrial main industry for automotive air conditioners production and sales, 2013 years ago did not appear metal materials trading business. Even in the third quarterly Bulletin of 2013, there was no indication of any trade receipts or business intentions. Strange is, only in the fourth quarter of 2013, Heng Li industry has occurred a large amount of metal materials trading business, amounting to 85.49 million yuan. From the annual report of the top five customer list, ranked first for Shanghai Haishi Industrial Co., Ltd., sales of 85.49 million yuan, accounting for the total annual sales ratio of up to 46.7%. And the company disclosed the trade volume of metal materials for the whole year is also exactly 85.49 million yuan. According to the projections, Heng Li Industry opened four quarters of the metal materials trade business equivalent to the first major customer Shanghai Haishi Industrial Co., Ltd. Agent procurement. And from Heng Li Industrial disclosure of the classification costs, this purchase cost of 85.4 million yuan, gross margin is lower to 0.1%, is purely a pay for the business. However, for such a large amount of trade, the company did not disclose more detailed contracts and procurement details. Some analysts have questioned the trade practice in which such a huge trade is in shortShort a quarter quickly completed, do not need to go through the company's board of directors to discuss and perform the necessary contract signing and information disclosure procedures? This one of Heng Li Industry and the first major customer relationship is worth speculating, difficult to fall off the sky is not a profit, only for Shi big customers? What is even more unreasonable is that in the four quarter of this large trade, since the customer is a single customer, but the corresponding large supplier of such a source is not seen in the report. The analyst pointed out that if the relevant disclosure is not a problem, there can only be a speculation, namely: Heng Li Industrial in order to this money trade business ran dozens of small companies to purchase metal materials, a live Lei Feng. However, is this in line with the company's business philosophy?

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.