What is a Corporate Credit Report?

Enterprise credit report is a document that comprehensively records all kinds of economic activities of enterprises and reflects the credit status of enterprises, and is the basic product of enterprise credit system. The enterprise credit report objectively records the basic information of the enterprise, credit information and other information reflecting its credit status, and reflects its credit status in a comprehensive, accurate and timely manner, which is the "economic identity card" of the information subject ".

What is the role and value of corporate credit reporting?

The role and value of enterprise credit reports are mainly reflected in the following aspects:

Enterprise credit report can help enterprises understand their credit history, find and correct errors or bad information in time, and safeguard their own credit rights and interests.

Corporate credit reports can help companies provide counterparties or financial institutions to prove their credit status, reduce transaction costs and financing costs, and increase trading opportunities and financing channels.

Enterprise credit report can help enterprises to carry out self-credit assessment, find out the source and hidden dangers of credit risk, formulate reasonable credit management strategies, and improve their credit level and competitiveness.

Enterprise credit report can help enterprises to establish a good credit culture, establish credit consciousness, standardize credit behavior, and promote the development and perfection of credit market.

How are business credit reports generated?

The generation process of enterprise credit report involves many links, including information collection, information processing, information display and information service. Below we will introduce the specific content and operation process of each link in detail from the perspective of experts.

information collection

Information collection is the first and most important step in the generation of enterprise credit reports. The purpose of information collection is to collect all kinds of credit information of enterprises, including basic information of enterprises, credit information, administrative punishment information, judicial information, tax information, market supervision information, etc. The sources of information collection are mainly the following:

Information providers: Information providers refer to units or individuals that provide enterprise credit information to credit agencies, including financial institutions, administrative agencies, judicial agencies, market entities, etc. Information providers shall, in accordance with the requirements of credit agencies, regularly or irregularly submit enterprise credit information to credit agencies, and shall ensure the authenticity, accuracy, completeness and timeliness of the information.

Information subject: The information subject refers to the enterprise itself and the main user of the enterprise credit report. Information subjects can actively provide their own credit information to credit bureaus, or they can find and correct errors or bad information by querying their own credit reports.

Public information: Public information refers to corporate credit information that can be obtained in the public domain or through public channels, including corporate business registration information, financial statement information, bidding information, patent information, trademark information, etc. Credit bureaus can collect and organize public information through the Internet, media, databases, etc., as a supplement to corporate credit reports.

information processing

Information processing is the second and most complex step in the generation of corporate credit reports. The purpose of information processing is to clean, verify, integrate, analyze and evaluate the collected enterprise credit information in order to form a standardized, unified and readable credit report content. Information processing methods are mainly the following:

Information cleaning: Information cleaning refers to the format conversion, de-duplication, de-noising, filling vacancies and other operations of the collected enterprise credit information to improve the quality and consistency of information.

Information verification: information verification refers to the authenticity, accuracy, completeness and timeliness of the collected enterprise credit information to eliminate wrong or false information. Information verification methods include checking, verifying, approving, etc. with information providers, information subjects or other information sources.

Information integration: Information integration refers to the classification, summary, correlation, matching and other operations of the collected enterprise credit information to construct the credit file and credit portrait of the enterprise. The basis of information integration includes the unified social credit code of the enterprise, legal representative, shareholders, foreign investment, related parties, etc.

Information analysis: Information analysis refers to the integrated enterprise credit information statistics, comparison, induction, reasoning and other operations to reveal the credit characteristics and credit trends of enterprises. The tools of information analysis include credit scoring model, credit rating model, credit risk model, etc.

Information evaluation: Information evaluation refers to the analysis of the enterprise credit information to synthesize, weigh, judge, evaluate and other operations, in order to form the enterprise's credit evaluation results and credit recommendations. The criteria for information evaluation include credit rating, credit index, credit risk, etc.

Information display

Information display is the third and most intuitive step in the generation of enterprise credit reports. The purpose of information display is to present the processed enterprise credit information to the information subject or information user in a standardized, clear and friendly manner, so as to facilitate its viewing and use. The forms of information display are mainly the following:

Information report: Information report refers to the enterprise credit information in text, tables, charts and other ways to organize the instrument, is the main form of enterprise credit report display. The content of the information report includes the report header, the report body, and the report tail. The report header includes the report number, report date, report version, etc. The body of the report includes basic corporate information, credit information, other credit information, and credit assessment results. The end of the report includes the report description, report notes, report appendices, etc.

Information inquiry: information inquiry refers to providing enterprise credit information to information subjects or information users by means of web pages, mobile phones, self-service terminals, etc., so as to meet their immediate, flexible and personalized inquiry needs. The content of the information inquiry includes the full text or part of the enterprise credit report, as well as the statistics, comparison and ranking of the enterprise credit information.

Information display board: Information display board refers to the public display of enterprise credit information to the public in the form of electronic screens, billboards, certificates, etc., in order to enhance the credit image and credit transparency of enterprises. The contents of the information display board include the credit rating, credit index and credit honor of the enterprise.

Information Service

Information service is the fourth and final step of enterprise credit report generation. The purpose of information services is to provide enterprise credit information to information subjects or information users in a variety of ways to help them solve credit problems and realize credit value. There are several types of information services:

Information consultation: Information consultation refers to the provision of services such as interpretation, explanation and suggestion of enterprise credit information by credit reference agencies according to the needs of information subjects or information users. The content of information consultation includes the reading, use and maintenance of enterprise credit reports.

Information education: Information education refers to the credit information institutions through training, lectures, publicity and other ways to improve the information subject or information users of credit knowledge and credit awareness. The content of information education includes the concept, principle, rule and influence of enterprise credit.

Information monitoring: Information monitoring refers to the regular or irregular tracking, monitoring and reporting of changes in the credit information of enterprises, reminding information subjects or information users to pay attention to credit risks and credit opportunities. The content of information monitoring includes the dynamic, early warning and evaluation of enterprise credit.

Information dispute: Information dispute refers to the credit agency through the acceptance, investigation, processing, reply to the information subject or information user's objection or complaint to the enterprise credit information, to safeguard the legitimate rights and interests of the information subject or information user. The content of information dispute includes error correction, deletion and update of enterprise credit information.

Summary

Enterprise credit report is a document that reflects the credit status of an enterprise and is the basic product of the enterprise credit system. The generation process of enterprise credit report involves four links: information collection, information processing, information display and information service, each of which has its specific purpose, method, form and type. The role and value of corporate credit reports are mainly reflected in helping companies understand and use credit reports, improving their own credit level and competitiveness, and establishing a good credit culture to promote the development and improvement of the credit market.