China's Kai semiconductor lighting company credit rating

In order to create an industrial environment suitable for rapid and healthy industrial development and establish a credit system for the industry, the National Semiconductor Lighting Project R&D and Industry Alliance will join hands with the China Electronic Chamber of Commerce and China Export Credit Insurance Corporation to jointly launch the “Industry Credit” initiated by the Ministry of Commerce and the State-owned Assets Supervision and Administration Commission. Evaluation work." The opening of credit evaluation work aims to build a sound industrial eco-environment and promote the sound development of enterprises; to establish an industry credit system and establish a benchmark for credit management; to effectively guide and standardize the operation and management of the company’s market behavior, so as to promote Industrial health and sustainable development.

At the special work conference on the demonstration of credit rating evaluation for semiconductor lighting companies recently held, experts discussed the evaluation plan based on the evaluation system of the credit rating of the Ministry of Commerce of CITIC, and finally determined the credit rating of semiconductor lighting companies. The key indicators of the evaluation system. The evaluation index system is divided into three levels of indicators, among which the first-level indicators include: the overall quality of the enterprise, its competitiveness, its financial status, and its credit record.

It is understood that the commercial credit rating is mainly based on the connotation of credit risk, and the debt repayment ability and debt repayment will be the target for the target, fully considering the external environmental factors such as macroeconomic environment, industry development, and regional environment, and the basic management of the enterprise. With the impact of competition, corporate governance and management, corporate finances, and supporting factors, through the comparison of the position of the rating object in the industry and the credit risk characteristics of the industry in which it is located, the credit risk of the rating object is judged and the credit rating is given.

Since 2006, the Ministry of Commerce and the State-owned Assets Supervision and Administration Commission jointly organized a pilot project for industrial credit evaluation. A total of 96 national trade and association industry organizations have participated in this work, covering important areas of the national economy. The China Electronic Chamber of Commerce is an industry organization that started this work earlier and has accumulated rich experience in implementation. China Export Credit Insurance Corporation is a third-party credit rating agency designated by the Ministry of Commerce and the State-owned Assets Supervision and Administration Commission. Previously, the alliance has signed cooperation agreements with the Electronic Chamber of Commerce and China CITIC Insurance, and will begin the evaluation of credit ratings for semiconductor lighting companies in early 2014. The Alliance and the Electronic Chamber of Commerce are responsible for the work of the rating organization. CITIC Insurance, as a technical support unit, adopts scientific rating methods and reasonable and standardized rating procedures in accordance with the principles of independence, impartiality, and objectivity, and has many advantages such as management ability, economic solvency, and operational ability. Aspects of scientific assessment.