Corporate Credit Rating

What is corporate credit rating 

Enterprise credit assessment is a certificate of the concentrated performance of the basic information of the company's external economic exchanges during the continuous operation period. The corporate credit rating usually refers to the indicator level based on the credit record, performance capability, operating status, profitability, etc. of the assessed object. That is, the credit rating agency uses established symbols to identify the subject's credit level and debt risk level results. The higher the credit rating, the better the business status, contract performance, and credit record of the company.

The Significance and Value of Enterprise Credit Evaluation to Enterprises

Corporate credit rating provides eight green passes for companies in their operations and market activities.

1. It is a reliable "passport" for enterprises to obtain government support to attract investment, investment, financing guarantees, and bank loans;

2. It is an indispensable "certificate of honor" to measure the company’s ability to perform contracts, bid credibility, comprehensive strength and competitiveness;

3. It is the "guideline proof" for enterprises to gain insight into the inevitable trend of social and economic development, improve modern management and move towards internationalization;

4. It is the "optimization certificate" for enterprises to improve business management, strengthen credit management systems, and improve corporate risk control; 

5. It is a "risk certificate" for enterprises to increase cooperation, credit sales, and contract risk prevention in their business activities;

6. It is an important intangible "asset certificate";  for companies to enhance brand value and brand competitiveness.

7. It is an important "burden reduction certificate" for companies to reduce fund-raising and transaction costs.

Corporate credit rating declaration conditions

1. The enterprise applying for rating is a Chinese small and medium-sized enterprise;

2. Legally registered corporate legal persons and other economic organizations;

3. It needs to be established for three full fiscal years, and have main business income in the past three years. If the company is in a continuous operation state, the company that is not about to be closed or closed cannot be rated.

Enterprise credit assessment information to be submitted

1. A copy of the business license (duplicate), organization code certificate (duplicate), tax registration certificate (duplicate), loan card, import and export license, and registered capital verification report after annual inspection;

2. Provide a copy of the audit report of the most recent three-year financial report (balance sheet, income statement, cash flow statement) audited by an accounting firm; if there is no audit in the current year, the financial statement (asset and liability) for the last three months must be submitted. Statement, income statement, cash flow statement);

3. Copies of various honors such as independent intellectual property rights, trademarks, patents, qualification licenses, new product appraisals, scientific and technological progress awards, and product inspection-free certificates that have been obtained in recent years;

4. Passed various certifications, and obtained relevant qualification certificates (such as quality management system certification, environmental system certification, etc.), social honor/award certificates (such as supplier, customer, bank, industrial and commercial, taxation, shareholder evaluation) A copy of the certificate;

5. The current organizational chart (including the job settings of various departments and descriptions of the responsibilities of each job); written documents and document catalog lists of related systems (including the company's articles of association, executive incentive and restraint mechanism);

6. Description of plans and plans in terms of company profile, business development, product market positioning (product introduction, output, production capacity, etc.), future market prospects, development strategy, etc. (please give details if any);

7. Other relevant documents or materials certifying the credit of the enterprise.

Enterprise credit certification process