The applicant, Sinotrans Tianjin Group No.1 Automobile Transportation Company, applied to the court for bankruptcy liquidation on the grounds that it could not pay off the debts due and its assets were insufficient to pay off all the debts.
Sinotrans Tianjin Group No.1 Automobile Transportation Company is a state-owned enterprise engaged in automobile freight, loading and unloading, warehousing and other businesses. The registered capital is 65,438+0,746,5438+0,000 yuan. The evidence submitted by the applicant shows that as of March 365,438+0, the total assets of Sinotrans Tianjin Group No.1 Automobile Transportation Company are 576,5438+0, 400 yuan.
Total liabilities are184.479 million yuan, and total net assets are-178.766 million yuan, so the assets are insolvent. All employees of the enterprise have been resettled. On February 28th, 2020, 65438, Sinotrans Changhang Group Co., Ltd. approved the bankruptcy liquidation of the applicant.
What's more, when enterprises go bankrupt and bosses run away, suppliers and distributors are often injured. The continuous ebb tide of the industry has repeatedly sounded the alarm for dealers to choose enterprise cooperation. We should not only seek short-term profits, but also look at the price of products. We should pay attention to the operating conditions of enterprises, and we should pay attention to the strength, qualification and sustainable development of enterprises when choosing brands.