Shenzhen city Jin Yuan Kang Industrial Co., Ltd is a professional company engaged in plastic vacuum coating processing, research and development of professional manufacturers, R & D, production, processing and service body, products related to mobile phone, computer peripheral accessories, such as digital camera, a design and manufacture of precision molds, precision injection molding, spraying, printing, Vacuum Plating, assembly manufacturing process. Vacuum Plating,Vacuum Splash Plating,Evaporation Plating,Plating Process Jin Yuan Kang Industry Co., Ltd. , http://www.jykplating.com
How export companies avoid risks has been a topic discussed by many export companies. Relying on national government support can solve problems to a certain extent. If a long-term and stable mechanism is to be formed, it is a very wise choice to sign insurance policies with insurance companies.
Not long ago, the turmoil in Libya caused 75 domestic companies, including 13 central enterprises, to suffer major losses in Libya’s investment projects by up to US$20 billion. Unfortunately, only a few of them have taken out export credit insurance, and ultimately received insufficient insurance coverage. 400 million yuan is rare.
In stark contrast to this is Yutong's comprehensive strategic cooperation agreement with China Export Credit Insurance Corporation.
As early as the second half of 2005, Yutong Group conducted an analysis of overseas market risks, and on this basis, it signed a comprehensive strategic cooperation agreement with China Export Credit Insurance Corporation. From 2007 to 2009, Yutong Group successively signed four bus sales contracts with Cuba. Due to the consideration of overseas market risks, China Yutong Group has timely insured China's export credit insurance companies. According to the insurance policy agreement, when the Cuban repayment of the loan is in breach of contract, CITIC Insurance will fulfill its liability for the payment, and the proportion of the payment shall be 90% of the insured amount. In the export contract, Yutong Group explicitly requested the China Credit Insurance Policy to become one of the necessary conditions for the entry into force of the Cuban project contract.
Facts have proved that this rainy prevention and control measure of Zhengzhou Yutong Group has opened up an effective umbrella for its export business.
Since then, due to the international financial crisis and hurricanes and other natural disasters, Cuba’s economic situation has deteriorated. In April last year, Cuba filed a request for China’s export credit insurance company to restructure its debts. As of this date, Cuba has already repaid Yutong’s loans. About 76.63 million US dollars, there are still 10268 million US dollars of payment has not been settled. In view of this situation, Yutong Group filed a claim application with CITIC Insurance in July of this year. In March this year, it received the first compensation of US$142.750 million, and in the beginning of July this year it received a second US$33.391 million compensation. Subsequent letter insurance will pay Yutong as planned at the end of this year, next year and 2013 respectively.
Under the protection of China Export Credit Insurance Corporation, Yutong Group will first obtain 90% of the receivable balance from CITIC Insurance, and the follow-up 10% will receive a repayment in accordance with the reorganization agreement reached with the Cuban side. At this point, Yutong Group's single export business completely avoided losses.
Overseas markets provide huge risks for companies to provide profit growth points. Export companies should maintain an objective and rational understanding of the overseas markets. Yutong Group’s timely payment has played a very important role in China’s export enterprises’ active participation in insurance. Good demonstration role. Export enterprises should take into account the overall situation and avoid losing due to minor losses.
China Export Credit Insurance Corporation (referred to as China Xinbao and English Sinosure) is the only policy insurance company that undertakes export credit insurance business in China. It was officially unveiled on December 18, 2001 with a registered capital of RMB 4 billion. Its capital source is exported. Credit insurance risk funds are arranged by the state budget. China Credit Insurance currently has 15 functional departments. The business organizations include the head office sales department, 18 branch companies and 6 business management departments. It has formed a nationwide service network and has a representative office in London, England. The main tasks of China Credit Insurance are: actively cooperate with national policies on foreign affairs, foreign trade, industry, finance, and finance, and support exports of goods, technology, and services through policy-based export credit insurance, especially high-tech, high-value-added electromechanical products. Exports of capital goods, etc., support Chinese enterprises to invest overseas, provide foreign exchange risk protection for enterprises exploring overseas markets, and provide foreign economic and trade enterprises with fast and perfect services in terms of export financing, information consultation, and accounts receivable management. China Credit Insurance underwrites country risk and buyer risk. National risks include buyer's state foreign exchange control, government expropriation, nationalization, and war; buyer risks include buyer's credit risk (arrear payment, refusal to pay, bankruptcy, etc.) and buyer's bank risk (rising of issuing bank or confirming bank).
The company has one hundred thousand dust-free workshop, advanced production lines. More than ten years experience in vacuum coating of professional and technical personnel. Has received a number of certification qualifications, standardized management, strict control of quality production. The company has a variety of coating technology, advanced equipment coating automatic line. With the continuous development of new vacuum plating products. It is one of the most potential vacuum electroplating factories in the Pearl River delta.
The company was founded in 1999, covers an area of 40000 square meters, the license system, integrated high-tech enterprises in accordance with the IS09001 international quality system certification and green environmental protection certification.
Shenzhen Jin Yuan Kang Industrial Co., Ltd. has a strong capital and scientific research strength, bringing together a group of high-quality, experienced professional talents. The company takes the market as the guidance, develops the high end environmental protection green product unceasingly, has won the general customer's credit and the praise.
The main products: high quality plastic electronic chassis paint, halogen-free UV series products, various grades of vacuum plating paint, high abrasion resistance, strong sense of rubber paint series, high performance hardware, paint, PU series, and all kinds of primer, the market share is very high.
Companies adhere to the "people-oriented, quality first, sincere service, beyond the self" concept, professional service team to do pre-sales consulting, sale, customer service service, take the customer as the center, and constantly develop new products, to meet customer and market needs. Jin Yuankang vacuum plating can be divided into several types: evaporation, sputtering and ion plating. They are used in vacuum conditions by distillation or sputtering in the plastic surface deposition of various metallic and non metallic films, by this way can get the surface coating is very thin, and has prominent advantages of high speed and good adhesion, functional coatings for high grade products in general, such as internal shielding use layer. Jin Yuankang vacuum plating a wide range of applications, such as ABS material, ABS+PC material, PC material products can be vacuum plating processing.
How auto export companies can protect their own interests while gaining profits in overseas markets