The Research On The Credit Rating System Of Science And Technology Small And Medium Sized Enterprises

Medium small and micro-sized enterprises have been playing a vital role in China's development since the reform and opening. In these days, science and technology have grown rapidly. As more and more technological innovations emerged, these enterprises also advanced further, adding activity.into our national economy.Despite of their importance, these enterprises still face financing issues. The government has made up encouraging policies and repeated mass entrepreneurship and innovation, the financing issues have not been fixed thoroughly, constraining the development of these medium small and micro-sized enterprises.For now, there have been financing platforms like three boards and technology sector for high-tech companies. However, the truth is only a few companies obtain the access. In that case, loans from commercial banks remain their main financing source. Even so, this channel is still closed for many medium small and micro-sized enterprises. On one side, there are indeed some problems and uncertainty in these companies, on the other side, the improperity of current credit assessment system also underestimates the value of these risky but promising companies.The existing system is designed for the general firms, ignoring the characteristics of risky high-tech firms and failing to evaluate their risk comprehensively. In this cae, this, article is intended to create a new assessment system targeting this technological middle and small scaled enterprises. In this paper, through the analysis of the characteristics of science and technology of these enterprises and the problems of current system, we construct a new system using the analytic hierarchy process (ahp) and the combination of quantitative and qualitative methods. We apply the index system, set up the weights and use the fuzzy comprehensive evaluation method to create the new system.Finally we make a case study to verify whether the system is practical, compared with general enterprise credit rating system. Based on result of comparison, the new system fixes the underestimate issues and can be applied as a more comprehensive measure the risk of science and technology of micro, small and medium enterprises.