The Super Rich: Start from when the family business is about to go bankrupt!

Chapter 344 WPG0343: There must be a reason behind the complicated regulations!

What Zhou Xiang calls an extreme situation is, of course, the situation where the borrower is unable to repay the debt.

An Wuyang certainly knew what extreme situations meant. He responded, "If there is a debt default, we have to deal with it according to the situation."

"First of all, we need to distinguish whether it is a malicious default or an unavoidable default." An Wuyang classified debt defaults.

"Take the 10-year Two Joys Loan as an example. With an annual interest rate of %, calculate the repayment amounts for the two repayment methods, equal installments of principal and interest and equal installments of principal, as well as the corresponding interest amounts." An Wuyang signaled Zhou Xiang and Zhou Sheng to calculate the corresponding data.

Zhou Sheng directly took out his mobile phone, opened the loan calculation app developed by Shengqing Commercial Bank, and entered the information provided by An Wuyang.

The loan amount is 25 Xia Guoyuan, the annual interest rate is 10%, the loan term is years, and the repayment method is first [equal principal and interest], and then click calculate.

Zhou Sheng sent the screenshots of the relevant information to An Wuyang, and then simply explained, "Mr. An, I have sent you the screenshots of the information related to the equal principal and interest. According to your description, the total interest for ten years is about 2.2 yuan. During the 120-month repayment period, you need to repay 2272.45 yuan every month."

(↑10-year term + equal principal and interest)

An Wuyang looked at the pictures sent by Zhou Sheng.

Zhou Sheng continued to send the repayment method of [equal installments of principal] to An Wuyang.

"This is the relevant information about equal principal payments." Zhou Sheng explained.

(↑10-year term + equal principal)

"Under the equal principal repayment method, the total interest for ten years is also more than 2.2 yuan, a difference of more than 2447.92 yuan. However, the first month's repayment reached 2086.37 yuan. However, the subsequent repayment amounts decrease month by month, and the final month's repayment amount is yuan." Zhou Sheng explained the situation while looking at the loan calculation app on his mobile phone.

An Wuyang quickly checked the relevant pictures and responded, "If it is a ten-year term, whether it is equal installments of principal and interest or equal installments of principal, the difference between the two is not that big."

Zhou Sheng seconded, "Indeed."

"Calculate the situation in 20 and 30 years." An Wuyang ordered.

Zhou Sheng immediately used the loan calculation app to calculate the relevant information, and then took a screenshot of the corresponding information and sent it to An Wuyang.

"In the case of 20 years, the total interest of the two repayment methods is not much different, only a difference of more than 30 yuan; when the loan period is years, the total interest difference between the two reaches more than yuan." Zhou Sheng explained simply.

Because An Wuyang can get the specific information by looking at the pictures, there is no need for him to explain it.

(↑ 20 years + equal principal and interest)

(↑ 20 years + equal principal)

(↑ 30 years + equal principal and interest)

(↑ 30 years + equal principal)

An Wuyang quickly looked at the corresponding pictures.

For a 25 yuan loan, the monthly repayment is more than 10 yuan when the term is years, and only more than yuan when the term is years. In fact, the repayment pressure of a -year loan is not much different from that of a -year loan.

At least it doesn't look big to An Wuyang.

"For poor families, there may be some repayment pressure for a ten-year loan, but I don't think the pressure will be too great for a twenty-year or thirty-year loan," An Wuyang explained.

He then added, "If poor families still default on their debts even though they choose a 20-year or even 30-year loan, we need to determine whether it is a malicious default."

"For example, if someone clearly has the money but refuses to return it with malicious intent, we will initiate legal proceedings," An Wuyang explained the solution.

Zhou Sheng asked hesitantly, "Then who of us will be responsible for the follow-up accountability?"

Accountability means more costs, whether it is human resource costs or travel costs, all of which are costs.

After all, the poor families who take out loans may not necessarily be in Shengqing, but may be anywhere in the country.

If Shengqing Commercial Bank is asked to handle it, it will have to pay more costs.

An Wuyang naturally understood the situation. He smiled and replied, "If it is in Shengqing, then you can handle it. If it is outside of Shengqing, then we will handle it at Wugengtian."

"Actually, I would like to believe that there are more good people." An Wuyang added.

These accountability measures should only be applied to a minority of people.

"Thank you Mr. An for your understanding." Zhou Sheng breathed a sigh of relief.

"Now there is only one last question!" Zhou Sheng added.

An Wuyang made a "please" gesture, indicating that Zhou Sheng should explain the details of the last question.

"Mr. An, have you considered what specific terms should be included in our drawer agreement?" Zhou Sheng asked.

"According to Mr. An's intention, you, Wu Geng Tian, are willing to take the responsibility of repaying the 25 yuan loan of Liang Huan Xi. We don't have to actually transfer the 25 yuan payment to you, Wu Geng Tian. In theory, there is no problem with this operation." Zhou Sheng narrated.

"But the problem lies in the process. For our Shengqing Commercial Bank, there is indeed a commercial loan expenditure of 25 yuan, which we need to record in the account," Zhou Sheng added.

"For you at Wugengtian, there is indeed an operating income of 25 Xia Guoyuan, which must also be recorded in the account and included in your tax information." Zhou Sheng continued to explain.

"After all, from the perspective of tax procedures, a transaction was formed between us, you, and the patient's family, and the applicable taxes still exist. We will not avoid paying taxes on this transaction just because you did not collect money on the fifth day of the night and we did not actually spend 25 yuan," Zhou Sheng added.

This is indeed a big problem!

Shengqing Commercial Bank and Wugengtian can indeed sign a drawer agreement to bypass the actual payment issue of the 25 loan, but how is this transaction handled in the tax system?
Are you trying to evade taxes?
That's impossible!
Xiao Qingyue was taking notes carefully. She knew that this was another explosive issue. If this problem could not be solved, the plan previously set by An Wuyang would be completely negated.

An Wuyang responded calmly, "We will just follow the transaction process. We will settle the accounts that need to be settled, and we will pay the taxes that need to be paid at 5 a.m."

"Our drawer agreement is very simple. Your Shengqing Commercial Bank will provide unsecured commercial loans to poor families after our review, and we will provide full guarantees for the commercial loans of poor families." An Wuyang explained.

"After your money is sent to Wugengtian, Wugengtian will return the corresponding amount to you. The agreement between the two parties is that Wugengtian will use the 25 yuan payment as collateral to provide full guarantee for poor families." An Wuyang explained in more detail.

"It's equivalent to 25 Xia Guoyuan flowing from your side to our side, and then flowing back. It's just a circle, and you haven't suffered any loss." An Wuyang concluded.

As for losses
Of course it was Wugengtian who took responsibility!
That’s actually not true.

The actual cost of the two joys is not actually high. As long as the poor families are willing to repay the loans, Wu Geng Tian can also be profitable. It’s just that the income is postponed for ten to thirty years.

Perhaps most companies cannot accept such a thing, but An Wuyang is willing to accept it. "Boss An, why are you doing this?" Zhou Sheng couldn't help but say something from the heart.

"The risk for you guys is too great. After all, some poor families may not be able to repay these loans." Zhou Sheng reminded.

An Wuyang smiled and replied, "That brings us back to the previous question. We have only talked about how to deal with cases of malicious non-repayment, but what should we do if there is nothing we can do?"

Zhou Sheng was curious, "What is Mr. An going to do?"

"What else can I do?" An Wuyang spread his hands and made a helpless expression, "If they are really so poor that they can't have enough food to eat and can't repay the loan, can I still kill them?"

"I just turned a blind eye and then called you to inform you that the corresponding repayment period will be postponed." An Wuyang complained.

"For example, a poor family chooses a 30-year equal principal and interest loan and needs to repay 893.11 yuan every month. But if the borrower lives in the countryside and earns less than yuan a month, can I still force him to repay the money?" An Wuyang continued to complain.

"The only option we can probably find is to lower the repayment amount, and repay the loan as much as we have left after ensuring our basic living needs." An Wuyang explained the solution.

Zhou Sheng was silent.

Zhou Xiang sighed, "General An is so righteous!"

Because An Wuyang's statement was ostensibly an admission that facing such an extremely poor family, Wu Gengtian could do nothing about it and could only let them default on their debt.

What else can we do?

You can't really force the other person to death, right?
Be it Zhou Sheng or Zhou Xiang, both of them understood what An Wuyang meant, so one remained silent while the other sincerely admired An Wuyang's righteousness.

In this day and age, how many business leaders like An Wuyang are there?

It is one in a million!

Xiao Qingyue raised her hand high to indicate that she had a problem.

An Wuyang looked at the other party, "Do you have a question?"

"Well, Mr. An, from what I understand from what you said, if a poor family is really in great difficulty, you, Wugengtian, will not hold them accountable?" Xiao Qingyue asked tentatively.

An Wuyang answered affirmatively, "Yes!"

"Then," Xiao Qingyue hesitated for a second before continuing, "When faced with such a poor family, why didn't you choose to directly give them two joys?"

In Xiao Qingyue's opinion, it would be better if she gave the two joys directly, right?
After all, if the two joys were given directly, it would be less costly for Wugengtian.

First of all, Wugengtian will not pay taxes for this transaction. After all, the corporate income tax and other taxes added together are really high, almost reaching 27%.

Secondly, there will be no transactions with Shengqing Commercial Bank, thus reducing related costs.

For example, when faced with extremely poor families defaulting on their debts, Wugengtian should arrange a human resources investigation, right?
This is also a cost!
Therefore, Xiao Qingyue thought that An Wuyang had gone through a long process, arranging loans and signing a drawer agreement for a bottom-line guarantee, and also wasting human resources for a secondary investigation. It would be better to just give two people something to be happy about.

An Wuyang did not answer this question directly, "Do you know the prohibitory signs on the Huacheng subway?"

"Huh?" Xiao Qingyue was puzzled. Aren't they talking about the two joys?
"Why are there so many prohibition signs on the Huacheng subway?" An Wuyang asked again.

This time, An Wuyang answered his own question, "That's because any prohibition sign that looks outrageous has a corresponding real case."

"Humans are a diverse species. You can never imagine what outrageous ideas and actions other people might have," An Wuyang added.

"For example, if we want to provide two joys for free to extremely poor and critically ill premature babies, will it happen that the families of critically ill premature babies in some extremely poor families secretly hide the two joys after receiving them, and then declare the critically ill premature babies dead?" An Wuyang asked.

"Never underestimate the dark side of human nature!" An Wuyang added.

"Also don't think that even a tiger won't eat its own cubs, or that all poor families are necessarily kind," An Wuyang continued to explain.

"If the corresponding poor families and related hospitals team up to defraud us, how should we investigate?" An Wuyang asked.

"Will this investigation require more human resources?" An Wuyang asked.

"As the saying goes, there is no harm without trade. Only when there is no profit will strange things not happen." An Wuyang sighed.

Xiao Qingyue asked again, "But the price of Two Joys is higher overseas. The ex-factory price of your Five Gentlemen for overseas distributors is over 300,000 yuan higher."

"According to this logic, there is also an arbitrage space of 300,000 or even more for the two joys you gave to critically ill premature babies from poor families at five o'clock in the morning. Should this be prevented and eliminated?" Xiao Qingyue discovered the blind spot.

This is indeed a big problem!

According to An Wuyang's idea, Wu Gengtian planned to provide the two Huanxi to critically ill premature babies from extremely poor families at the price of 25 Xia Guoyuan, but as Xiao Qingyue said, in this case it is entirely possible to resell the two Huanxi for arbitrage.

An Wuyang responded, "In order to avoid this from happening, we will arrange for a custodian to transport the two Joys to the corresponding hospital and use them personally."

"At the same time, in order to prevent the commissioners from being corrupted, we will also recruit local volunteers on the Internet to participate in the supervision," An Wuyang added.

"Will this incur additional costs?" Xiao Qingyue asked.

An Wuyang responded affirmatively, "Of course! But we can afford it at five o'clock."

The actual cost of Liang Huan Xi is not high, which is something that other pharmaceutical companies can calculate. What is truly valuable is the origin factor.

There will definitely be no loss in selling Two Joys at Wugengtian, it’s just a matter of how much profit you can make.

So An Wuyang doesn't mind investing more costs.

Besides, how many critically ill premature babies are there every year?
Less than 20,000!

More importantly, not all families with critically ill premature babies will choose Two Joys.

When Xiao Qingyue heard An Wuyang's answer, she couldn't help but want to say something about An Wuyang's righteousness.

"President Zhou, does Shengqing Commercial Bank think this kind of cooperation is acceptable?" An Wuyang asked.

Zhou Sheng answered without hesitation, "Of course, no problem. After all, all the risks are borne by you, Wu Geng Tian, so we have no reason to refuse."

Maybe this cooperation will not make much money, but it will definitely make money. What's more important is that it does not require any cost. How could Shengqing Commercial Bank refuse?

(End of this chapter)