The Credit Rating Of Small And Medium-sized Enterprises Based On The Grey Hierarchy Evaluation Method With Shenzhen Inovance Technology Co., Ltd Case

The market economy of our country had been developing and improving since the reform & opening up.The small and medium enterprises play an more and more important role in national economy. However, difficult financing always restrict the development of SMEs.There are a lot of reasons to cause difficult financing of SMEs, the significant reason is the credit of SMEs. Recently, there are many research in credit evaluation of SMEs, mainly concentrated in traditional credit evaluation method, financial ratios comprehensive analysis method and credit analysis method. Because these methods have some inadequate, the credit evaluation of SMEs need other methods to try to analyze. The goal of this paper is to find the method to solve the difficult financing of SMEs by using grey hierarchy evaluation method in the credit evaluation of SMEs.This paper collects and tidies a lot of information about credit evaluation. Then it analyzes the actuality of SMEs'credit evaluation around the world, and compares the SMEs'credit evaluation methods in China to get the most appropriate method. It established grey hierarchy evaluation method by combining grey system theory and analytic hierarchy process. Based on the former research, it builds credit evaluation index system of SMEs. The weight of each index is determined by AHP. Then the author chose a appropriate enterprise and evaluates its credit level using this method. In the end, the author summarized the whole paper.