Study On The Credit Rating Index System Of The High-Tech SMEs

Since the reforming and opening-up, the High-tech SMEs in China have developed rapidly. During the developing process of the High-tech SMEs, financing is always the core factor that restricts its development. These investors need to get logical criteria to evaluate the enterprises invested, filter the enterprises that deserve invested mostly. But the technical enterprises have the characteristics of high-investment, high-risk,high pullulating and high profit. Thus the evaluation of these enterprises is different from traditional enterprises. How to carry on the credit rating of them scientific, objectively and justly, is one of the problems in the social credit system construction. It concerns the sustainable development of the High-tech SMEs in our country.Firstly, the development status of credit rating in domestic and overseas and is reviewed in this paper, as well as the economic elements of credit rating. The growing rules and characteristic of risk of the High-tech SMEs, and the significance of credit rating are briefly analyzed. Secondly, the High-tech SMEs credit rating index system is educed on the basis of analyzing and comparing the present systems, concerning the enterprises'characteristic and investigation. Then The related standard and grades of credit rating are also educed. Thirdly, the AHP and Delphi methods are chosen to define the index weights. As the fuzzy mathematics applied in the rating, the model using the method of fuzzy comprehensive evaluation to assess the High-tech SMEs is set up. Finally, the evaluation system of credit rating designed in this paper is testified by the real data and openly information of listed company. The result shows that the model could be better used for credit rating of the High-tech SMEs.