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The Roles of Credit Investigation and Rating When Credit Services Are Needed? What Are Credit Ratings? What Are Credit, its Purpose and Function? The Current Situation of the Business Credit Rating in China: What Kind of Organization is CBCI and What Services Does it Provide? What Are the Different Kinds of Credit Report? How Long Will It Take to Get Them? What Are CBCI's Trade Debt Collection and Credit Risk Management Services? The Roles of Credit Investigation and Rating
When Credit Services Are Needed? Under the following circumstances, should the government officials and corporate managers seek credit investigation and rating services: Government Departments:
Enterprises and Non-profit Organizations:
What Are Credit Ratings? Credit ratings are ratings assigned to companies based on the subject companies' historical background, financial statements, bank loan repayment histories, trade payment histories, human resource management, products information, market shares, the prospect for sustainable development, industry outlooks, legal records and other related media report, which are professionally processed, analyzed and rated. CBCI's credit rating allows you to quickly assess a company's financial strength and credit appraisal to help determine its creditworthiness. What Are Credit, its Purpose and Function? Credit is a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some later date. It also refers to the borrowing capacity of an individual or company. Business credit is an overall reflection of a company's or organization's ability to pay and willingness to pay its debt. Knowing the credit conditions of a corporate or organization will help the decision makers in making accurate judgment and right decision during their business dealings. It has further implications on disciplining those corporate and organization's behaviors in the market economy, increasing the operating transparency and preventing economic frauds. The Current Situation of the Business Credit Rating in China: As the China's market economy develops and her joining WTO is getting closer, it is important for China to adopt international standards and conventions the soonest possible. As the new power of the information industry, Credit Rating came to being in China. A number of credit organizations in Beijing, Chongqing and Shanghai were created to meet market demand. The founding of those organizations were approved and supported by The People's Bank of China, State Administration for Industry and Commerce, State Administration of Taxation of China, provincial and municipal governments from all levels. The advancement in network technology will further propel the development of credit industry, evidencing China's entering into the Credit Economy era. What Kind of Organization is CBCI and What Services Does it Provide? Chongqing Business Credit Investigation and Consultation Center (or CBCI) was founded in 1998 under the approval of the Office of the Information Industry Leadership Group of Chongqing Municipal Government. As the sole authoritative credit investigation organization in Chongqing, it is also an important part of the Chongqing InformationPort Construction Plan. The main purpose of CBCI is to provide our customers with timely, efficient and multi-level business credit services. Our servers include: Credit Reports, Credit Risk Management, Market Research, Legal Consulting in Business, Corporate Management Consulting. Supported by the related Chongqing governmental agencies, CBCI operates on the principal of serving all corporate, enterprises, organizations and personal customers' needs in a market-oriented way. CBCI always upholds its four characteristics: independence, fairness, authoritativeness and confidentiality. What Are the Different Kinds of Credit Report? How Long Will It Take to Get Them? CBCI provides four different kinds of business credit report and one personal credit report.
The time required for different reports:
What Are CBCI's Trade Debt Collection and Credit Risk Management Services? As part of the Credit Risk Management services, CBCI will collect payments or goods from the debtors on behalf of the trade creditors in accordance with the original contract terms. We will reinforce the trade creditors' rights under international trade rules and laws. The charge of the service generally ranges from 10% to 20% of the total value of collected funds or goods, depending on the amount of the collected fund or goods and the target company's locations in China. The charge can also be negotiated under special circumstances. Credit Risk Management service is to provide efficient professional management on a customer's trade debt within contract terms. CBCI will manage the customer's accounts receivable to minimize any bad debt losses. It can, therefore, release our customers from the duties of managing their accounts receivable. The charge of this service will be 1% to 5% of the total value of the creditor's rights. It can be also negotiated under special circumstances. |
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