Chapter 139 Inspecting the Universal Trading Company
Sun Dahai's next stop is Wilkinson Trading Company, which has completed the acquisition, and has now been renamed Huanyu Trading Company.
The information about the company Wilkinson is still retained, but it is a wholly-owned subsidiary of Universal Trading Company, responsible for maintaining customer relationships in continental Europe.
The office of Huanyu Trading Company is located in an old two-story building on Queensway on Hong Kong Island.
Each floor of the small building has four offices, a public office area and a bathroom, with a total area of about 4,000 square feet. This was the mortgage received by the original Wilkinson Trading Company.
The original homeowner was Taylor from Britten. During World War II, when he was less than 20 years old, he made a fortune by re-exporting light weapons to Asia through Switzerland. This small building was also built at that time.
After the war, he transformed his business and became a trader specializing in small Swiss machinery and equipment. However, his business was slow and he could barely maintain it.
Last year, the Swiss Ministry of Education planned to introduce a new policy: except for courses with special requirements, calculators are allowed to be used as assistance in daily study and examinations in other courses.
Taylor got the news from inside in advance and felt it was a golden opportunity, so he made a desperate move to win.
The bank assessed the value of the small building at one million US dollars, but because the house was old, the bank's mortgage rate was only 70%. The homeowner mortgaged half of the property to the bank and obtained a loan of US$350,000. Together with his own savings, he
Pay $600,000.
He was friends with little Wilkinson and knew that little Wilkinson was a professional foreign trade businessman and had business contacts with many factories in Xiangjiang.
So Taylor mortgaged the other half of the property to Wilkinson Jr. for $400,000. Together with the $600,000 raised, he signed a contract with Wilkinson Jr. and asked Wilkinson Jr. to prepare a calculator worth one million dollars.
It will be shipped to Switzerland in batches within half a year.
Young Wilkinson himself is a trader, so he is naturally familiar with this kind of business. For him, a foreign trade order of one million US dollars only costs about 400,000 US dollars, and the rest is his profit.
It's just that all the money was spent on purchasing calculators, which was quite a lot. Little Wilkinson also visited three or four factories to prepare enough goods.
When the goods were ready, he began to contact the shipping company to prepare for LCL shipment in batches.
At this time, the Swiss Ministry of Education, under pressure from all walks of life, decided to continue to maintain students' own computing abilities and canceled the calculator assistance policy it was planning to introduce.
Taylor, who was spending a lot of money in Switzerland, building connections, and preparing to make a fortune, suddenly became confused.
After several days of searching around, Taylor found that the situation was over. He made a simple calculation and made a decisive decision to declare bankruptcy.
Taylor was alone and went bankrupt when he was bankrupt. He relied on his own savings to return to China for retirement.
But this transmission effect was transmitted to little Wilkinson.
Young Wilkinson was also unlucky. After he received half a million dollars from Taylor, in order to make more money, he chose to pay the full amount directly and bought the calculator produced by the factory at the lowest price.
Now that Taylor has unilaterally breached the contract, he is taking care of the bottom line for the factory.
After the bankruptcy liquidation, after many negotiations, Wilkinson Jr. finally received a calculator costing US$400,000, with an estimated value of US$1 million, and a building worth US$1 million. His payment was US$700,000 in cash, and 35
Thousands of dollars in bank mortgage loans.
Judging from the paper wealth, he is the biggest winner. He paid more than one million and got two million.
The bank made no loss or profit, but transferred the debt from Taylor to him, and thoughtfully gave him a one-year loan extension.
Taylor was the worst off, having paid nearly 200,000 in cash and a million-dollar building in exchange for $700,000.
But the balance of interests is never based on paper wealth.
Little Wilkinson was about to cry. The calculator and the small building only had high book value and were not what he wanted.
However, the cash he paid and the bank loan he took on were real. This business was successful, and he had no place to complain when he suffered losses.
This was also the last straw for Wilkinson Trading Company.
From then on, Wilkinson Trading Company rushed towards bankruptcy until it was acquired by Sun Dahai.
…
Sun Dahai was sitting in the public office area on the second floor, which is now a temporary conference room. While listening to Wu Dawei's introduction, he looked at other people in the trading company.
There are now more than 20 people in the trading company, more than half of whom are old employees, so they all have rich foreign trade experience.
But because the company was always on the verge of bankruptcy, people were worried. Even now that the owner has changed, everyone is still a little worried, and because they don't understand the new boss and new manager's business ideas, the work has not started smoothly.
Now, the boss comes to inspect the work, which is a good opportunity for self-expression. Everyone in the company listened carefully to Manager Wu's speech and always paid attention to the boss's reaction.
Sun Dahai could understand their mood, and while observing them, he would occasionally interact with them.
Lao Cai from the Finance Department just nodded to Sun Dahai to express his goodwill. Sun Dahai had met him before and was recommended by Zhou Haibing to take over as the financial manager. Sun Dahai also smiled back at Lao Cai.
Who is that? Sun Dahai glanced at it with his peripheral vision, and it turned out that it was a young girl newly recruited by the administrative department, who was also smiling at Sun Dahai.
Forget it, just pretend you didn’t see this.
Wu Dawei's introduction on the company's current situation was over, and all colleagues in the trading company applauded.
Sun Dahai expressed his confusion: He just introduced the situation of a company that was about to go bankrupt and was acquired. Is there anything worthy of applause?
However, as a boss, Sun Dahai still had some accomplishments. With a smile on his face, he looked around and followed the rhythm of everyone, and clapped gently. The sound of applause around him suddenly increased by several percent.
After waiting for a while, Sun Dahai pressed down his hands to stop the applause.
Sun Dahai began to make a summary: "Thanks to the efforts of Manager Wu and all colleagues present, which enabled the company to clarify all creditor and debt relationships in the shortest possible time, take stock of inventory and contracts in transit, and maximize customer support for us.
for your support. Here, I would like to commend everyone.”
After receiving warm applause again, Sun Dahai continued: "Here, I will first announce several personnel appointments of the company: Marketing Manager, Lin Fen Borg, Finance Department Manager, Cai... Various matters of the company,
It is under the full and unified management of General Manager Wu Dawei.”
Seeing that everyone was about to applaud again, Sun Dahai quickly interrupted them and continued: "With the efforts of Mr. Wu and everyone, the company will definitely get better and better.
Although I am not involved in the company's daily affairs, if the company encounters a problem, if it is within my ability, I will try my best to help the company.
I just listened to Mr. Wu’s introduction. The main problems of the company at present are that the calculators occupy too much funds and the Southeast Asian suppliers are not performing well in the contracts..."
Sun Dawei looked at Wu Dawei with satisfaction and thought to himself, Wu Dawei has been working in the capital for more than a year and has obviously improved his political wisdom very quickly.
Now he knows that he should tell me the problems he encounters in advance so that I can be prepared before speaking to highlight my correctness and authority.
He is a good young man, has a bright future and is worth training.