渤海金控租赁应收款ABS问题研究

发布时间：2018-01-19 05:15

本文关键词： 融资租赁资产证券化财务分析　出处：《天津商业大学》2017年硕士论文　论文类型：学位论文

【摘要】：本文针对渤海金控的融资现状进行分析,指出其面临的融资困境。并在此基础上分析了渤海金控进行资产证券化的必要性及可行性。设计模拟渤海租赁第一期ABS方案,并在模拟方案得出的合理数据的基础上,对渤海金控实施资产证券化前后的财务指标进行对比分析,进一步论证渤海金控实行资产证券化的实际意义,希望对解决该企业的融资问题提供一些有益思路。首先从国内融资租赁行业的发展现状进行简要分析,针对融资租赁企业的融资渠道、融资模式进行研究。其次,根据渤海金控的经营数据,对该企业融资现状进行分析,指出其面临的融资困境。并在此基础上分析了渤海金控进行资产证券化的必要性及可行性。第三,在充分参考其他融资租赁公司同期相似ABS项目的基础上进行部分合理假设,设计模拟了渤海租赁第一期ABS方案,为后续财务分析做数据支撑;第四,在模拟方案得出的合理数据的基础上,对渤海金控实施资产证券化前后的财务指标进行对比分析,进一步论证渤海金控实行资产证券化的实际意义。最后,对于渤海金控开展资产证券化融资模式过程中可能出现的风险进行预测,并制定出相应的防范措施。对于渤海金控而言,通过对租赁资产进行筛选重组,增信发行后能够在证券市场上获得融资,将存量资产转化为现金资产,给企业带来大量的资金,缓和企业资金紧张的现状。同时,在租赁资产真实出表的前提下能够改善企业报表结构,极大地有利于降低企业的资产负债率,通畅可能受限的银行融资渠道,激活呈现疲态的股权融资渠道,进而改善整体融资状况,保障企业在大肆收购带来的短期负面状态中平稳运行。
[Abstract]:This paper analyzes the current financing situation of Bohai gold control. On the basis of this, the necessity and feasibility of asset securitization by Bohai gold control are analyzed, and the first phase ABS scheme of simulating Bohai leasing is designed. On the basis of the reasonable data obtained from the simulation scheme, this paper makes a comparative analysis of the financial indexes before and after the implementation of asset securitization, and further demonstrates the practical significance of asset securitization in Bohai gold control. Hope to solve the financing problems of the enterprise to provide some useful ideas. First of all from the domestic financial leasing industry development of a brief analysis of the financing channels for financial leasing enterprises. Secondly, according to the operating data of Bohai gold control, the financing status of the enterprise is analyzed. On the basis of this, it analyzes the necessity and feasibility of asset securitization by Bohai gold control. Third, the paper points out the financing difficulties it faces. Third, it analyzes the necessity and feasibility of asset securitization by Bohai gold control. Based on some reasonable assumptions of similar ABS projects of other financial leasing companies in the same period, this paper designs and simulates the first phase ABS scheme of Bohai leasing, which provides data support for subsequent financial analysis. In 4th, on the basis of the reasonable data obtained from the simulation scheme, the financial indexes before and after the implementation of asset securitization in Bohai Sea gold control were compared and analyzed. Further demonstrate the actual significance of asset securitization by Bohai gold control. Finally, the paper forecasts the risks that may occur in the process of asset securitization financing model. For the Bohai gold control, through the screening and reorganization of the leased assets, we can obtain the financing in the securities market after credit enhancement and issue, and convert the stock assets into cash assets. At the same time, the leasing assets can improve the structure of the enterprise statement, greatly help to reduce the ratio of assets and liabilities. Unobstructed bank financing channels may be restricted to activate the tired equity financing channels and then improve the overall financing situation to ensure the smooth operation of enterprises in the short-term negative state of wanton acquisition.
【学位授予单位】：天津商业大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.39;F830.42

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