Research On Credit Risk Management Of State Owned Chemical Fertilizer Trade Enterprises

At present,the world economic recovery is not enough power and Chinese economy goes into the new normal growth.In the current economic situation,developing of the credit sales is not only a practical need,but also change the mode of economic development in order to achieve economic and social development of science.At the same time,we aim to obtain the competitive advantage in the fierce market with the development of market economy,and domestic enterprises began to advance credit to upstream producers to provide funds to maintain the relationship with suppliers and obtain stable supply,or through credit the way that they ease the financial difficulties of downstream customers.They try to lock the sales market target customers and the credit transaction has become one of the important means of daily business enterprise management and competitiveness,but the credit transaction brings more business opportunities at the same time,how to scientific and standardized management of the credit business will inevitably become a major problem affecting the development of enterprises.Twenty-first Century from the chemical fertilizer industry,Chinese chemical fertilizer production has entered a rapid development stage.Nitrogen fertilizer and phosphorus fertilizer appear serious excess capacity,and the future situation of excess fertilizer supply will continue to exist.At the same time,due to superposed influence of increasing fertilizer industry structure adjustment?increased environmental costs and labor cost factors,the chemical fertilizer enterprises operating costs continue to rise;the business situation will deteriorate further,and the cancellation of preferential policies that are coal electrical?railway transportation,value added value tax squeezes corporate profit margins.While saving water,pollution control and other environmental laws have been made to improve the survival of the enterprise cost,the increase of production capital demand leads to the advance demand of the intermediate trade enterprises increased;With agricultural planting structure change and the extensive use of mechanization,fertilizer consumption market emerge new agricultural and main business of more demand strong financial services in order to obtain more profit of intermediate link;enterprises gradually try to directly face the terminal farmers business model.And step by step,need to assume the original value chain in the dealer's credit duty.On the whole,the chemical fertilizer trade enterprises survive in the overall market competition,they have to try to carry out credit business that leads to further increase the degree of corporate credit risk exposure.Sinofert Limited(hereinafter referred to as the " Sinofert"),is the traditional state-owned fertilizer trade company in the middle reaches of the fertilizer industry trade links and is limited to the status of the industry chain.Sinofert credit business includes prepayment and credit,and credit risk management is an important part of comprehensive risk management.Credit risk management is also an important guarantee to achieve strategic objectives,improve operational quality and strengthen persistence and stability of outstanding achievement.This paper summarizes the basic theory and the research of related connotation in credit risk management,and bases on the analysis of the characteristics,difficulties and problems of credit risk management of Sinofert.Sinofert should set up the credit risk of the basic operating principles,the construction of credit risk and improve Sinofert credit risk management mechanism.Three aspects of standardizing the credit risk management system construction work improve the level of credit risk management of Sinofert.They can also be the theory of credit risk management system used in the fertilizer trade industry to provide reference.On the basis of theoretical research in this article,I innovate the credit risk management of Sinofert,which will contribute to the level of credit risk management in the chemical fertilizer increase and help chemical fertilizer enterprises credit risk management system construction in trade link of industry chain.