Enterprise credit report is a comprehensive document that reflects the business status, credit status and risk status of enterprises, and is an important basis for enterprises to carry out business activities and financing activities. However, many enterprises in the acquisition and use of credit reports, there are some misunderstandings and common problems, resulting in the value of credit reports have not been fully utilized, and even cause unnecessary losses. From the perspective of experts, this paper analyzes and answers the misunderstandings and common problems of enterprise credit reporting, aiming to help enterprises better understand and use credit reporting, and improve their credit level and competitiveness.

Myth 1: The belief that only negative information affects a company's credit rating

Many enterprises believe that only negative information (such as tax arrears, breach of contract, litigation, etc.) will affect the credit rating of enterprises, while positive information (such as increasing registered capital, expanding business scope, obtaining honors, etc.) will not have much impact. This is a wrong understanding. In fact, the credit rating of an enterprise is comprehensively evaluated based on data from multiple dimensions, including basic information, financial information, business information, social responsibility information, and industry information. Among them, basic information is the basis of rating, financial information is the core of rating, business information is the focus of rating, social responsibility information is the supplement of rating, industry information is the reference of rating. Therefore, any positive or negative information related to these dimensions will affect the credit rating of the enterprise. For example, if an enterprise increases its registered capital, indicating that its strength has increased, its credit rating may be improved; if an enterprise reduces its business scope, indicating that its development is limited, its credit rating may be lowered.

Myth 2: think that only their own initiative to apply for the enterprise credit report can be obtained

Many companies believe that they can only obtain corporate credit reports by applying on their own initiative, while others (such as partners, banks, government agencies, etc.) cannot obtain their own corporate credit reports. This is also a wrong understanding. In fact, according to the Regulations on the Administration of the the People's Republic of China Credit Investigation Industry, credit investigation agencies can provide their own credit investigation reports to the credit investigation objects (that is, the inquitees), and can provide their credit investigation reports to others according to the authorization of the credit investigation objects or legal provisions. Therefore, in addition to applying on their own initiative, others can also obtain their own corporate credit reports if they comply with the law or are authorized. For example, if an enterprise wants to cooperate with another enterprise, it can ask the other party to inquire about its enterprise credit report. If the other party agrees, it can obtain its enterprise credit report through the credit reporting agency; if an enterprise wants to apply for a loan from the bank, the bank can query its enterprise credit report according to the law to judge its repayment ability and credit risk.

Myth 3: Think that only one credit agency provides corporate credit reports.

Many companies believe that only one credit agency provides corporate credit reports, while others are invalid or unreliable. This is also a wrong understanding. In fact, according to the regulations on the Administration of Credit Investigation Industry in the People's Republic of China, credit investigation institutions refer to legal entities engaged in credit investigation business established with the approval of the credit investigation supervision and administration department of the State Council. Therefore, as long as the establishment of institutions approved by the credit industry supervision and administration department of the State Council, can provide enterprise credit reports. For example, the Credit Information Center of the People's Bank of China, China Enterprise Credit Information System Co., Ltd., Shanghai Credit Information Co., Ltd., and Beijing China Chengxin International Credit Information Co., Ltd. are all approved credit agencies that can provide corporate credit reports. Of course, different credit bureaus may have different data sources, rating standards and reporting formats, so you need to pay attention to comparison and analysis when obtaining and using corporate credit reports.

FAQ 1: How do I get a corporate credit report?

There are many ways to obtain corporate credit reports, including the following:

Apply online through the official website of the credit bureau or mobile phone APP. This method is more convenient and fast, only need to fill in the relevant information and authentication, you can online query or download their own or other people's business credit report. For example, the official website of the Credit Information Center of the People's Bank of China provides information report inquiry services for individuals and enterprises.

Apply on-site through the business outlets of credit bureaus. This method is relatively safe and reliable. You need to bring relevant documents and materials to the designated business outlets to go through the application procedures, and then wait for the staff to issue their own or other people's corporate credit reports. For example, China Enterprise Credit Information System Co., Ltd. has a number of business outlets throughout the country to provide on-site inquiry services.

Apply through the credit agency cooperation agency. This method is more flexible and diverse. You can apply for obtaining your own or others' corporate credit reports through institutions that cooperate with credit bureaus (such as banks, securities, insurance and other financial institutions, or government agencies such as industry and commerce, taxation, and courts). For example, Shanghai Credit Co., Ltd. has established cooperative relations with a number of financial institutions and government agencies to provide joint inquiry services.

Through the credit agency entrusted agent application. This method is more suitable for overseas or off-site enterprises, you can entrust the credit agency designated agency or individual, on behalf of the application to obtain their own or other people's enterprise credit report. For example, Beijing China Chengxin International Credit Reference Co., Ltd. has established cooperative relations with a number of overseas credit reference agencies and agencies to provide cross-border inquiry services.

FAQ 2: How to improve the credit rating of enterprises?

There are many ways to improve the credit rating of enterprises, including the following:

Improve and update the basic information of the enterprise. The basic information of the enterprise is the basis of the rating, reflecting the legal status, size, type, industry and other characteristics of the enterprise. Therefore, enterprises should promptly submit and update their basic information to credit agencies, such as registered capital, business scope, shareholder structure, senior executives, etc., to ensure the authenticity, integrity and timeliness of the information.

Standardize and optimize the financial information of the enterprise. The financial information of the enterprise is the core of the rating, reflecting the profitability, solvency, growth capacity and other indicators. Therefore, enterprises should prepare and publish their own financial statements, such as balance sheets, profit statements, cash flow statements, etc., in accordance with national regulations and industry standards, and try to improve their financial level and efficiency.

Stabilize and expand the business information of the enterprise. The business information of the enterprise is the focus of the rating, reflecting the market position, competitiveness, innovation and other factors of the enterprise. Therefore, enterprises should formulate and implement reasonable business strategies according to market demand and their own advantages, such as product development, brand building, channel expansion, etc., and try to increase their operating income and profits.

Fulfilling and strengthening corporate social responsibility information. Corporate social responsibility information is a supplement to the rating, reflecting the company's responsibility and contribution to society, the environment, employees, etc. Therefore, enterprises should abide by laws and regulations and business ethics, actively participate in social welfare activities, such as charitable donations, environmental protection and energy conservation, employee welfare, etc., and minimize their negative impact on society and the environment.

Pay attention to and refer to the information of the industry in which the enterprise is located. Information about the industry in which the company is located is a reference for the rating, reflecting the industry's trends, risk profile, and competitive landscape. Therefore, companies should pay close attention to the dynamics and changes of their industries, and adjust their business models and development directions according to the characteristics and laws of the industry.

FAQ 3: How to deal with errors or objections in corporate credit reporting?

There are many ways to deal with errors or objections in corporate credit reporting, including the following:

Apply for objection processing through the objection processing channel of the credit bureau. This is the most commonly used method, which is applicable to the situation where the enterprise has sufficient evidence and reasons for the errors or objections in the enterprise credit report of itself or others. For example, if an enterprise finds that there is an incorrect tax arrears record in its enterprise credit report, it can provide the relevant tax certification materials to the credit bureau and apply for objection processing. After receiving the objection application, the credit reporting agency will verify and modify it within the specified time and notify the applicant of the result.

Apply for complaint handling through the complaint handling channel of the credit bureau. This is an auxiliary method, which is applicable to the situation where the enterprise is not satisfied with the objection handling result of the credit reporting agency or the credit reporting agency fails to handle the objection application in time. For example, if an enterprise does not approve the result of the credit investigation agency handling its own objection application, or the credit investigation agency fails to handle its own objection application within the specified time, it can file a complaint application to the credit investigation agency. After receiving the complaint application, the credit bureau will re-examine and adjust it and notify the applicant of the result.

Seek legal relief through legal channels. This is a last method, which is suitable for the situation where the enterprise is still not satisfied with the complaint handling result of the credit reporting agency or the credit reporting agency refuses to handle the complaint application. For example, if an enterprise believes that the credit agency has infringed on its legitimate rights and interests, or the credit agency deliberately creates and disseminates wrong or false information, it can bring a lawsuit to the court and require the credit agency to bear the corresponding legal responsibility.

Conclusion:

Enterprise credit report is a comprehensive document that reflects the business status, credit status and risk status of enterprises, and is an important basis for enterprises to carry out business activities and financing activities. From the perspective of experts, this paper analyzes and answers the misunderstandings and common problems of enterprise credit report, hoping to help enterprises better understand and use credit report, improve their credit level and competitiveness.

This article is provided by Shangpu Consulting Company (Shangpu Consulting Co., Ltd.). Shangpu Consulting Company is a consulting company specializing in enterprise management consulting, market research, data analysis, strategic planning and other services. It has many years of industry experience and professional knowledge, and provides high-quality and efficient consulting services for many customers. The following are examples of services related to corporate credit reporting provided by Champ Consulting to some of its clients:

Case 1: provides an internationally renowned e-commerce platform with an analysis report on its competitors in the Chinese market, including a detailed comparison and evaluation of competitors' basic information, financial information, business information, social responsibility information, industry information, etc., and gives corresponding suggestions and strategies.

Case 2: provided a leading domestic automobile manufacturer with its partner screening report in overseas markets, including in-depth investigation and analysis of basic information, financial information, business information, social responsibility information, industry information and other aspects of potential partners, and gave the rating and ranking of partners.

Case 3: provided a well-known foreign financial institution with its credit risk assessment report in the Chinese market, including a comprehensive review and monitoring of its own and customers' basic information, financial information, business information, social responsibility information, industry information, etc., and gave early warning and control measures for credit risk.