A Research On Credit Rating Of Small And Medium Technological Enterprise For Z Company

In the wake of the market-oriented reform of over several decades,China's economy has soared into great heights with its widely acknowledged achievements.However,the shortcomings of its original pattern of low cost and low tech have exposed due to the increasingly sophisticated technologies and surging national income.To make a difference,it is of significance to establish more scientific and technological enterprises,and support scientific and technological small and medium sized enterprises(sci-tech SMEs).Exactly as other SMEs,sci-tech SMEs have troubles raising capital.At present,the most widespread financing tool is the bank loan.However bank loans for SMEs have no reclassification between sci-tech SMEs and ordinary SMEs,namely,SMEs enjoy the same procedure on approval,which focuses on financial indices and takes the properties of light asset,high tech,high input,and high growth into consideration.Consequently,actual conditions of SMEs are not fully reflected in current procedures.Rising up to the false information of sci-tech SMEs in current loan request procedures,this thesis reviews literatures and research methods at home and abroad.Based on internships and the knowledge reservoir of the thesis,this thesis builds up a credit rating system against sci-tech SMEs on the prevailing credit approval system.Considering the factors of technologies and growth,this thesis weighs 6 first-class indices,including management skills,future market,repayment willingness,research ability,and prospect of SMEs,and 18 second-class indices in accordance with the analytic hierarchy process.After the determination of the weight of indices,scoring method of credit rating indices is employed.As all indices employed are classified into quantitative and qualitative indices,the thesis scores each index.After scoring,the thesis sums up all the scores according to the weight of the indices,and finally comes up with the final score of sci-tech SMEs in accordance with the current credit rating table.To verify the rating model,the thesis chooses Company Z as the example,substituting the values of Z into the model.As a result,Z scores AA.