Financial crisis, legal crisis
Background
A garment factory has a registered capital of 20 million, an annual sales peak of 180 million, and overdue accounts receivable of 6.7 million in 2024. The bank loan interest rate has risen to 8.9%. It is necessary to recover at least 3 million funds within 45 days to avoid loan suspension.
Full process of ritual
Using the 60 Jiazi Nayin algorithm, the company’s “sky” deficit (corresponding to innovation ability), “basement” damage (corresponding to fixed assets), and “reservoir” leakage (corresponding to cash flow) are calculated, and special financial statements are incinerated: yellow paper lists the list of customers with large bad debts in the past three years.
Core ritual (lasts 3 hours)
Opening the vault:
Set up three paper vaults (1.2 meters high, with built-in LED lights to simulate the light of the treasure), and seal the vault door
Sky vault: sealed in the year of Wuxu (industry transformation error in 2018)
Underground vault: sealed in the year of Xinchou (work stopped due to the epidemic in 2021)
Water vault: sealed in the year of Jiachen (cash flow interruption in 2024)
Replenishing the vault: Burn 3,600 “Yuhuang Tongbao” (including metal foil to ensure full combustion), and recite the “Replenishing the Vault Memorial” at the same time
“Now there is a believer XXX, sincerely repenting the mistake of blind expansion…
Locking the vault: Wrap the vault with five-color thread, and tie the thread end with five emperors’ coins to suppress it.
Realistic cooperation measures
Immediately after the ritual, start customer classification management, and send a lawyer’s letter to customers who are overdue for more than 90 days.
Donate the backlog of 2019 inventory to the mountainous area, and offset 275,000 taxes.
The financial director participated in the “industry and finance integration” training to optimize the payment period.
Key turning point
The first On the 37th day, a client suddenly paid a historical debt of 1.82 million due to listing compliance requirements. On the 52nd day, the company received a government subsidy of 1.15 million for the “digital transformation of traditional industries”. Three months later, it introduced strategic investment and its valuation increased to 230 million.
Cost and Benefit of Legal Ceremony
Expense: Legal Ceremony Fee 1299USD + Paper and Purple Supplies 199USD
Return: Direct recovery rate of debts increased by 37%, with a comprehensive benefit of over 6 million