Reasearch Of Credit Evaluation On Financing Of The Technological SEMs

Technological SEMs has shown good momentum of development in the tide of market economy. As an effective carrier of absorpting high-tech achievements, Technological SEMs supported the rapid development of the national economy. There are a variety of credit relationships or credit transactions among financial institutions, enterprises and Technological SMEs on today which emerge an endless stream of information technology. SMEs can not be separated from the financial support in the process of growing up, and the different stages of its growth and development is also accompanied by varying degrees of credit risk.There is a big gap between Technological SEMs and large enterprises in terms of firm size, personnel structure, level of financial management, ability to resist risks and other areas. Technological SEMs also have some differences with SMEs. Therefore, it is necessary for financial institutions to follow the principles of risk management when they assess the credit of Technological SEMs, but also to accord with the Technological SEMs’own characteristics. The Credit Evaluation of Technological SEMs is the research object in this paper, the rational model and method of credit evaluation of the Technological SEMs are also disscussed in this paper. When the credit evaluation model is supplied, it can provide a scientific foundation to assess the credit of Technological SEMs.First, the paper introduces the research status and relevant concepts and theoretical knowledge of enterprise credit evaluation in the domestic and overseas areas. Based on lots of experts and scholars’s research results and shortages at home and abroad, the author puts forward a credit evaluation system combining the characteristics and development status of the Technological SEMs. We determined the weight of each index by the method of AHP. The index system is divided into seven aspects:Basic Quality, Financial Condition, Cash Flows, Technology and Innovation Capacity, Growth and Development Capctity, Development Prospects, Corporate Credit Records and had twenty-four indexes totally. We also set specific criteria of credit evaluation and credit rating standards. Then afer the credit evaluation model was used to Chongqing Lummy pharmaceutical limited company, we make a further analysis to the credit evaluation results. Finally, we disscuss the conclusions of this research and put forward some suggestions.This paper tries to establish Technological SEMs credit evaluation model for banks, security companies and other financial institutions from the perspective of Technological SEMs financing. We strengthen the evalution indexes of reflecting corporate cash flow capacity when building the corporate credit evaluation system. At the same time, we introduct screening indicators which implement one-vote veto system. If the Technological SEMs fail to pass the test of screening indexes before financial institutions assess credit, its financing request will be denied directly, thus to improve the work efficiency of the financial institutions.