Research On Financing Risk And Control Of Desheng Catering Service Co.,Ltd.

Catering industry as the third industry of our country in a traditional service trade,has always maintained a strong momentum of growth,and achieved rapid development,showing a new situation of flourishing.Along with the government's policy influence on stimulating consumption,the rapid growth of urban and rural residents' income and the renewal of consumption concept,the future catering industry is still a noticeable hot spot of consumption.The consumption level of Chinese food and beverage will continue to maintain rapid growth.The rapid development of the catering industry can bring economic benefits not only to itself,but also to the development of agriculture,animal husbandry,food manufacturing,tourism and other related industries.With the deepening of economic globalization and the continuous development of national economy,although the catering industry develops at a high speed,the insufficient supply chain of catering industry has become the bottleneck of its development.In order to solve the problem of shortage of funds,catering enterprises have increased financing and widening the financing channels.Firstly,the financial situation of Desheng is analyzed.Debt paying ability,profitability and operating capacity have been evaluated.Current financing structure has been estimated.It is concluded that the rate of assets and liabilities of Desheng are rising.The profitability is not optimistic.And need to increase operating capacity.Financial status is not in a good condition.Combining Pecking order theory and the theory of MM,financing management problems have come to the conclusion.Then,Desheng's financing risk is analyzed in a qualitative way which mainly divided into insolvency risk,interest rate risk and credit risk.Combined with Desheng's financing methods,analyzing financing risk factors..Finally,using Efficiency coefficient method to assess Desheng's financing risk.It is concluded that financing risk is really high in the recent years.Based on the qualitative andquantitative analysis,giving to-the-point suggestions on how to control the financing risk by the basis of qualitative and quantitative research on the financing risk of Desheng catering company.