Study On Credit Management Of Forest Industrial Enterprises

Market-oriented economy is credit economy. In the context of market-oriented economy, credit is the invisible credit capital of enterprise. Credit capital is the image and brand of enterprise, the cornerstone of enterprise development, the special economic resources of improving the effectiveness and enhancing the competitiveness of enterprise, playing an important role in economy. Credit management is maximizing the profit and minimizing the risk of enterprise.Forestry enterprise, as a part of enterprise, has something in common with other enterprises; however, it also has its own features. In terms of the objects of operation, forestry enterprise involves forestry resources, having its own features not shared by other enterprises, such as the diversity of operation, the wide scope of operation, the high risk of operation, and the immovability of operation, etc. Forestry enterprise is a multi-goods production, aiming at forestry products and other products; and it is a special organization offering the benefits of ecological environments for the society. In terms of the mechanism of management, forestry enterprise involves both the managing activities of forestry resources and the functions of government, society and public welfare. The expenditure of culture, education, healthcare, public security, procurator organs, people's courts are all paid by enterprises that performs the functions of both enterprise and government. With the blending of "politics and enterprise" as its feature, forestry enterprise produces a large amount of timber to satisfy the national economy. Because forestry enterprise has not been fully combined with the market-oriented economy, it develops slowly and has a backward management. Therefore, it is greatly significant to study the credit management of this type of enterprise in order to raise the level of management and improve the operating situation, which helps to enhance the comprehensive competitiveness of forestry enterprise, regulate the order of credit market, promote the development of market-oriented economy, apply for loan and purchase on credit, encourage international trade, broaden the scope of purchase on credit, establish a good relationship with customers, lay the foundation of a long-term development.By using new theories and methods, combined with a qualitative and quantitative research design, this study explores the issue and construction of credit management system of forestry enterprise.(1) This study analyzes the present situation of the credit management of forestry enterprise, proposes a reasonable orientation for it, i.e. a sound system of credit management helps to raise the whole value of forestry enterprise; it is the core conception of management and very fundamental to the development of enterprise.(2) This study raises the issues of the credit management system of forestry enterprise in supervision, information system and different safeguard levels, investigates the principles and guidelines for the construction of credit management system which can be divided into three different levels, assembles components of credit management system, and elaborates relationship between each part.(3) Based on the present evaluation index system of enterprise credit, combining the characteristics of forestry enterprise, with the credit evaluation of forestry enterprise as a comprehensive index, with financial capacity, development potential and intermediary evaluation as criterion elements, integrating financial flexibility, security, asset-liability ratio, competition ability, level of human resources, capital profit growth index, moral character, quality of financial information and credit records. These nine .specific indexes constitute a complete index system. By means of a hierarchical analysis and calculation, the index system of the weight of each level is determined. Finally, through the principles of fuzzy mathematics, a comprehensive evaluation model of fuzzy credit evaluation of forestry enterprise is established.(4) This study discuss the characteristics of the credit sales of forestry enterprise, the receivable payments and the management and control methods of the credit management of forestry enterprise, the organization of the forestry enterprise and the transfer of credit risk.(5) This study proposes that credit supervision should be designed from various angles, interpreting the supervision system from the point of view of enterprises, intermediary agencies and government, elaborating the regulation measures of credit management.(6) From G&B's dual nature, this study designs the information system of credit management of forestry enterprise, investigates the overall framework and function.(7) The credit management of forestry enterprise puts forward six measures concerning credit management concept, the environment of the moral culture of credit management, the legal system of credit management, the credit management system of enterprise, the punishment mechanism of bad credit and the agencies of credit service.