Project background:

Magnesium alloy automobile die casting is a kind of automobile parts with lightweight, high strength, high thermal conductivity, good earthquake resistance and noise reduction, and it is one of the important ways to realize automobile lightweight. With the promotion of policies and technologies such as energy conservation and environmental protection and new energy vehicles, the market demand for magnesium alloy die castings continues to grow. It is estimated that by 2030, the demand for magnesium alloy die castings in China's automobile market will reach 1.31 million tons, with an average compound growth rate of 13.2 from 2020 to 2030. However, the magnesium alloy automotive die casting industry is also facing the challenges of raw material price fluctuations, complex production processes, fierce market competition, and high customer credit risk.

Customer pain points:

The customer of Shangpu Consulting Company is an enterprise specializing in the production and sales of magnesium alloy automobile die-casting parts. The main products include battery shells, engine covers, gearbox shells, etc. Customers have established long-term and stable cooperative relations with many well-known automobile manufacturers at home and abroad, but also continue to explore new markets and customers. However, when conducting business negotiations and signing contracts with new customers, customers lack the understanding of the credit status of new customers, and cannot effectively evaluate the payment ability, credit status, assets and liabilities of new customers, etc., resulting in customers bearing greater production costs and capital occupation risks. At the same time, it is also faced with possible problems such as bad debt losses and litigation disputes.

Project purpose:

In August 2023, Shangpu Consulting Company was entrusted to provide customers with credit reporting business, aiming to provide customers with comprehensive, accurate and timely credit information of new customers through professional research and research, help customers effectively identify and avoid potential credit risks, and improve the efficiency and quality of customers' business decisions.

Research object:

The research object of this project is the new customers with whom the customer intends to sign a contract or has signed a contract but has not yet completed the performance, a total of 20 enterprises, covering different sizes and types of automobile manufacturers and parts suppliers at home and abroad.

Project Content:

The main contents of this project include the following aspects:

-Verify the basic information of the research object, including the name of the enterprise, registered address, legal representative, registered capital, equity structure, business scope, etc;

-Query the credit information of the research objects, including industrial and commercial registration information, tax registration information, administrative license information, administrative punishment information, judicial judgment information, judicial execution information, and information of the person subject to breach of trust;

-Conduct financial information research on research subjects, including financial statement data, financial ratio research, balance sheet research, profit capacity research, solvency research, cash flow research, etc;

-Evaluate the business status of the research object, including the main business research, market share research, competitive advantage research, development strategy research, business risk research, etc;

-Credit rating of research subjects, based on credit information and financial information and other comprehensive factors, using standardized rating methods and tools, the classification and definition of credit rating of research subjects, as well as the interpretation and recommendation of credit rating.

Project Value:

This project provides value to the customer in the following areas:

-Provide customers with comprehensive, accurate and timely credit information of new customers, help customers effectively identify and avoid potential credit risks, and improve the efficiency and quality of customers' business decisions;

-Provide customers with professional credit rating services, help customers to carry out reasonable credit classification and management of new customers, optimize customer credit policies and credit conditions, reduce customer capital occupation and bad debt losses;

-Provide customers with targeted credit risk prevention and response suggestions, help customers formulate effective risk control measures and emergency plans, and enhance customers' risk response capabilities and crisis management capabilities;

-Provide customers with valuable market intelligence information, help customers understand the business status and development trends of new customers, grasp the changes in demand and business opportunities of new customers, and enhance their market competitiveness and profitability.