-1-SHA-4309-03690-08-15c.PPTC.Financial,organizationandprocessesanalysis-2-SHA-4309-03690-08-15c.PPTC1.Financialsituationanalysis-3-SHA-4309-03690-08-15c.PPTC1.1GeberitShanghai-4-SHA-4309-03690-08-15c.PPTPresently,GSHAisinseriouscorporatecrisisPhasesofcorporatecrisisWeakStrongPathologyofcrisissymptomsNormativemisfitStrategiccrisisResultscrisisLiquiditycrisisGeberitLowHighBankruptcycrisisBack-up-5-SHA-4309-03690-08-15c.PPTAllliabilitiesareshorttermandareincreasing4-fold.BytheendofJuly2000,liabilitiesare75%oftotalassetsDevelopmentofliabilities(%oftotalassets)[RMB‘000]4,07515,35825,352199819992000(1-7)13.4%13.4%46.4%46.4%75%75%+522%+522%Source:P&LGeberit(Shanghai),RB&Panalysis-6-SHA-4309-03690-08-15c.PPTCompany'sliquiditysituationisdeteriorating.Currentliabilitiesareincreasingmuchfasterthancurrentassets,thecashinjectionfromtheparentcompanyisusedtocovertherunningexpensesinsteadofbuildingupassetsDevelopmentofliabilities&assets[RMB‘000]11,50714,00715,7204,07515,35825,35098992000(1-7)CurrentratioQuickratio2.821.710.910.430.620.25CurrentassetsCurrentliabilitiesSource:BalancesheetGeberit(Shanghai),RB&Panalysis+37%+37%+522%+522%-7-SHA-4309-03690-08-15c.PPTThecompany’sinventoryincreasedby91%,whilecurrentassetsincreasedby37%4,5177,2678,644199819992000(1-7)DevelopmentofinventoriesSource:Balancesheet,Geberit(Shanghai),RB&PanalysisCurrentassetstructure(%ofthecurrentassets)+91%+91%[RMB‘000]199819992000(1-7)44%11%6%11%11%10%7%26%8%18%2%13%9%21%7%4%26%10%10%8%18%8%15%0%15,72014,00711,507RawmaterialsWorkinprogressFinishedgoodsGoodspurchasedforresaleOtherinventoriesTradeaccountsreceivable+37%+37%[RMB‘000]Cash&cashequivalentsOtheraccountsreceivable-8-SHA-4309-03690-08-15c.PPTDuetohugelosses,thecompanyissolelyfinancedbyinter-companyloans,theliabilitiesincreasemuchfarfasterthanassetsBalancesheetGeberit(Shanghai)1998~2000.7[RMB‘000]Back-up199819992000(1-7)FixedassetsIntangibleassetsOtherprepaidexpensesAdvancedpaymentstosuppliersInventoriesAccountreceivableCash&cashequivalentTotalassetsSharecapitalRetainedearningsNetincomecurrentyearTotalprovisions&deferredrevenuesTotal(liabilities)TotalShareholderCapitals&liabilities18,3185871004,5171,8625,11830,41241,426(5,420)(9,669)0407530,41260.2%1.7%0.0%0.0%14.9%6.1%16.8%100.0%136.2%(17.8%)(31.8%)0.0%13.4%100.0%18,9968725737,2673,6632,97933,09041,426(15,089)(10,177)1,57215,35833,09057.4%0.32%0.1%0.2%22.0%11.1%9.0%100.0%125.2%(45.6%)(30.8%)4.8%46.4%100.0%18,06002343918,6444,0972,35433,78041,426(25,266)(8,293)56325,35033,78053.5%0.0%0.7%1.2%25.6%12.1%7.0%100.0%122.6%(74.8%)(24.6%)1.7%75%100.0%-9-SHA-4309-03690-08-15c.PPTTheaccumulatedlossestillSeptember2000are86%ofsharecapital.LeftalonethecompanywillbeinsolventbytheendofthisyearNetincomelosses(1997.12~2000.09)[RMB‘000]5,42041,42635,6779669101771041197(7-12)9899'00(1-9)accumulatedlossesSharecapitalSource:P&LGeberit(Shanghai),RB&Panalysis86%-10-SHA-4309-03690-08-15c.PPTThecompanyhasbeenlosingmoneysincethefoundationofJV,andthelossiscontinuouslyincreasinginspiteoftheincreaseofsales-13,735-10,526-9,764+41%+41%*:estimation199819992000*Source:RolandBerger&Partners‘analysisSalesdevelopment[RMB‘000]Operatinglosses[RMB‘000]14,80115,56810,219199819992000*+45%+45%-11-SHA-4309-03690-08-15c.PPTMorethan70%ofproductssoldin2000(1-9),includingGeberitlocallyproducedproducts,haveanegativegrossprofitmarginMixtureofpro...
