What is a corporate credit report?

Enterprise credit report is one of the main credit products provided by the enterprise credit system, which provides comprehensive and accurate comprehensive credit information to the inquirer, provides important decision-making reference for all kinds of credit transactions, and reduces unnecessary credit risks and losses. According to the Measures for the Administration of Credit Investigation2The enterprise credit system shall provide the following types of enterprise credit reports to information users in accordance with the authorization of the information subject or the scope prescribed by laws and regulations:

Personal inquiry version: by the information subject himself or his authorized agent to inquire and use, including the information subject's basic information, public information, loan information, guarantee information, default information, etc.

Autonomous inquiry version: by the information subject himself or his authorized agent for inquiry and use, and can be provided to counterparties or other third parties for use, including the information subject's basic information, public information, loan information, guarantee information, etc.

Autonomous inquiry short version: by the information subject himself or his authorized agent for inquiry and use, and can be provided to the counterparty or other third party for use, including the basic information of the information subject, public information, etc.

Financial Institution Edition: Used by financial institutions in carrying out financial activities, including basic information, public information, loan information, guarantee information, default information, etc. of the information subject.

Other types: according to the provisions of laws and regulations or with the approval of the credit business supervision and administration department of the State Council, other institutions or individuals shall inquire and use for specific purposes.

What does the corporate credit report contain?

According to the Measures for the Administration of Credit Investigation2The enterprise credit information system shall collect and process the following enterprise credit information in accordance with the principles of objectivity, truthfulness, accuracy, timeliness and completeness:

Basic information related to the business activities of the enterprise, including the name, address, name of the legal representative or person in charge, registration number, etc;

Public information related to the business activities of the enterprise, including administrative licensing, administrative penalties, administrative rewards, etc;

Loan information related to the business activities of the enterprise, including loan type, amount, term, balance, etc;

Guarantee information related to the business activities of the enterprise, including the type, amount and duration of the guarantee;

Information on breach of contract related to the business activities of the enterprise, including records of tax arrears, records of arrears, records of persons subject to breach of trust, etc;

Other information related to business activities, including corporate credit rating, corporate honor, corporate litigation, etc.

What is the role of corporate credit reporting?

Enterprise credit report is an important instrument to reflect the credit status of enterprises, which has an important impact on credit transactions, investment decisions, market competition and so on. Specifically, corporate credit reporting has the following functions:

Improve the credit transparency of enterprises, enhance their credit awareness and credit management capabilities, and enhance their credit image and market reputation;

Reduce the financing cost of enterprises, improve the financing efficiency of enterprises, expand the financing channels of enterprises, optimize the financing structure of enterprises;

Promote cooperation and exchanges between enterprises, enhance mutual trust and communication between enterprises and customers, suppliers, partners and other parties, and establish stable and long-term cooperative relations;

Enhance the market competitiveness of enterprises, improve the market share and profitability of enterprises, and promote the innovation and development of enterprises.

How often does a business credit report need to be updated?

According to the provisions of the Measures for the Administration of Credit Investigation Services, credit investigation agencies shall update credit investigation information in a timely manner in accordance with the authorization of the information subject or the scope prescribed by laws and regulations, and after the credit investigation information has changed30Update completed within days. At the same time, credit agencies should regularly check and clean up credit information, and timely delete expired or invalid credit information. Therefore, in general, the enterprise credit report should be updated at least once a year.

However, due to changes in the market environment and fluctuations in business conditions, relying solely on the update of credit agencies may not be able to meet the company's understanding and display of its own credit status. Therefore, it is recommended that enterprises regularly entrust professional consulting firms to update and optimize their credit reports according to their own situation and needs. Consultants can provide enterprises with more comprehensive, accurate, timely and effective credit reports in the following ways:

Collect and integrate data and information from multiple sources and channels, including government departments, industry associations, financial institutions, and third-party platforms;

Analyze and evaluate the business status, financial status, market conditions, risk status and other dimensions of indicators and data;

Develop and implement targeted improvement measures and optimization plans to improve the performance and level of the company in all aspects;

Prepare and present professional reports that meet industry standards and customer needs, and provide interpretation and advice accordingly.

How does Champ Consulting provide customers with regular updates and optimization of credit reporting services?

Shangpu Consulting is one of the most leading and authoritative independent third-party research and investment and financing consulting institutions in China,IPOWe have rich professional experience and customer resources in the field of listing consulting. The following process is followed in providing regular updates and optimization of credit reporting services to clients:

Communication needs: in-depth communication with customers, understand the customer's industry background, business conditions, credit objectives, credit issues, etc., clear customer needs and expectations for credit reporting;

Sign a contract: sign a formal service contract with the customer, specifying the service content, service cycle, service cost, service quality, service responsibility and other terms;

Collect information: collect relevant information of customers through various sources and channels, including enterprise credit system, government departments, industry associations, financial institutions, third-party platforms, etc;

Analysis and evaluation: through professional methods and tools to analyze and evaluate the customer's business status, financial situation, market conditions, risk status and other dimensions of indicators and data, to find the customer's credit strengths and weaknesses, identify the customer's credit opportunities and threats;

Formulate plans: according to the results of analysis and evaluation, formulate targeted improvement measures and optimization plans to improve the performance and level of customers in all aspects, and improve the credit rating and credit image of customers;

Implementation: to assist customers to implement the implementation of improvement measures and optimize the program, including coordination and communication, supervision and inspection, problem solving, to ensure the effective implementation of the program;

Preparation of reports: according to the implementation of the situation, the preparation of professional reports in line with industry standards and customer needs, and to provide the corresponding interpretation and recommendations to the customer to present its latest and optimal credit status;

Submit delivery: submit the delivery report to the customer, and communicate with the customer feedback, confirm the customer satisfaction and recognition of the report, and solve the customer's questions and problems;

Follow-up: According to the contract, provide follow-up services for customers, including regular update reports, monitoring credit changes, adjusting optimization plans, etc., to maintain the accuracy, timeliness and effectiveness of customers' credit reports.

Champu Consulting provides customers with regular updates and optimization of credit reporting services.

Champu Consulting has rich experience and successful cases in providing customers with regular update and optimization of credit reporting services. Here are some typical cases:

Case 1: A large manufacturing company in2021Due to the impact of the new crown epidemic, business conditions declined, resulting in negative information in its credit reports, such as tax arrears records, arrears records, etc. The company commissioned Champu Consulting to provide regular updates and optimization of credit reporting services. By collecting and analyzing the relevant information of the enterprise, Shangpu Consulting found that the enterprise still has strong competitiveness in product quality, technological innovation, market development, etc., and in2022The year began to gradually return to business conditions. Shangpu Consulting has formulated a series of improvement measures and optimization plans for the enterprise, including negotiating with the tax department to pay tax arrears in installments, negotiating with suppliers to extend payment terms, negotiating with banks to adjust loan terms, etc., and assisting the enterprise in implementing these plans. At the same time, Shangpu Consulting has also prepared a professional report for the enterprise, highlighting the enterprise's credit advantages and credit opportunities, reducing the enterprise's credit disadvantages and credit threats, and improving the enterprise's credit rating and credit image. Through the services of Champ Consulting, the company's credit reporting has been significantly improved from2021of the yearCLevel promoted2023of the yearAlevel, effectively improving the credit transparency and credit competitiveness of the enterprise in the market.

Case 2: A small and medium-sized service enterprise in2022As a result of participating in a government project, higher income and profits were obtained, resulting in positive information in its credit report, such as administrative incentives, loan balances, etc. The company commissioned Champu Consulting to provide regular updates and optimization of credit reporting services. By collecting and analyzing the relevant information of the enterprise, Shangpu Consulting found that the enterprise still needs to be improved in terms of service quality, customer satisfaction, social responsibility and so on.2023The year is facing market competition and risk challenges. Shangpu Consulting has formulated a series of improvement measures and optimization plans for the company, including improving service quality, increasing customer loyalty, expanding market share, avoiding hidden risks, etc., and assisting the company in implementing these plans. At the same time, Shangpu Consulting also prepared a professional report for the enterprise to maintain the enterprise's credit advantages and credit opportunities, eliminate the enterprise's credit disadvantages and credit threats, and maintain the enterprise's credit rating and credit image. Through the services of Champ Consulting, the company's credit reporting has been continuously optimized from2022of the yearBLevel hold2023of the yearBlevel, effectively maintaining the credit stability and credit reliability of the enterprise in the market.

Summary

Enterprise credit report is an important instrument to reflect the credit status of enterprises, which has an important impact on credit transactions, investment decisions, market competition and so on. However, corporate credit reporting is not once and for all, with the changes in the market environment and fluctuations in business conditions, corporate credit reporting needs to be regularly updated and optimized to maintain its accuracy, timeliness and effectiveness.

To this end, it is recommended that enterprises regularly entrust professional consulting firms to update and optimize their credit reports according to their own circumstances and needs. Professional consulting firms can collect and integrate data and information from multiple sources and channels, analyze and evaluate indicators and data from multiple dimensions of the enterprise, formulate and implement targeted improvement measures and optimization plans, prepare and present professional reports that meet industry standards and customer needs, and provide corresponding interpretations and suggestions. Shangpu Consulting Company is one of the most leading and authoritative independent third-party research and investment and financing consulting institutions in China. It has rich experience and successful cases in providing customers with regular update and optimization of credit reporting services.