Executive SummaryThis report will discuss and analyze the various issues regarding the financial status of Nine Dragons paper holdings limited which is growing at a rate of 120% compared to the last five years and suddenly swept away by the 2009 crisis. During that period of time the organization faced rapid changes in the business environment. At that time the company was forced to issue a profit warning to its shareholders, market conditions were difficult and the heavy burden of debt was weighing on the company, the return on sales. These are the main key points of this report. The debt burden was the main factor considered by analysts for the NDP's fall. According to bond traders, investing in the Nine Dragons was one of the worst deals of 2008, as existing bond holders suffer huge losses. Analysts' concern about NDP's prospects was the impact of declining sales and margin on its ability to deal with its large debt burden as they see the NDP in huge trouble. But President Cheung's greatness lies in the fact that she regarded the current scenario of Nine Dragon Paper as only a small fluctuation. SUMMARY Executive Summary................................ ................... ................................. ........... 21.0 Introduction.... ................................ .................... ................................ ...... 42.0 Question 1......... ........................... ........................... ........................... ...... 53.0 Question 2.............. .................... ................................ ...................... ..... .7Graph 2.1.................... ........................ .......................... .......................... ...... .7Graph 2.2............... .............. ........... half of the sheet ......1074.7. TENNANT, D., (2011). “Factors Affecting Whether and How Businesses Respond to Early Warning Signs of Financial and Economic Turmoil: Jamaican Businesses in the Global Crisis,” Journal of Economics and Business, 63: 472–491.8. Casualty Actuary Society (CAS) (2003) "An overview of enterprise risk management", working paper, CAS, Arlington, VA.9. Icksoo, K. (2009), “Internal and external internationalization of Chinese enterprises”, SERI Quarterly, 2(3), pp. 22–3010. McIver, R. (2009), “China's domestic banking system: commercialization and financial stability”, Int. J. Of Economic Policy and Emerging Economies, 2(4), pp. 391–414.11. Zhang, K. (2009), “The rise of Chinese multinational enterprises”, The Chinese Economy, 42(6), pp. 81–9612. Cull R, Xu LC, Zhu T (2009) Formal finance and trade credit during China's transition. J Finance Intermed 18(2):173–192.