Establishment And Application Of Agricultural Credit Rating System In Yunnan Province

The history of Chinese agriculture goes back to ancient times.Agriculture is China's basic industry,and it is also the industry with the largest number of employees in China.The quality of agriculture plays a decisive role in the development of the national economy.Agricultural enterprises are an important part of China's agricultural economy and are the key to doing a good job in agriculture.However,with the development of agricultural enterprises in our country,problems are also emerging.One of the most prominent problems is the seasonal funding requirements for the acquisition of agricultural products.When financing is needed,the company is faced with financing difficulties because the company's credit rating does not meet the requirements of the fund provider.,financing and other issues.Since China's current credit rating system is not fully developed,most agricultural enterprises can only be rated through the traditional credit rating system applicable to industrial enterprises,and then financed in the indirect financing market dominated by banks.The financing channels are relatively single.In addition,agricultural enterprises often have weak capital capital and opaque sales return.In the face of the traditional credit rating system based on industrial enterprises,the credit rating of agricultural enterprises tends to be biased,resulting in the emergence of credit risk..When the credit risk of agricultural enterprises is generated in large quantities,it may cause the agricultural enterprises to receive no financial support on the side of the credit giver,thus affecting the development of the agricultural enterprise.Therefore,it is very important to conduct an effective credit rating study on agricultural enterprises so that agricultural enterprises can receive timely and accurate financial support and promote better and faster development.Based on a large number of domestic and foreign credit rating documents,this paper systematically analyzes the common credit rating systems and indicators adopted by the three major international rating agencies and domestic mainstream rating agencies.Based on this,it combines my research on agricultural enterprises in Yunnan Province.Based on the abundant corporate data obtained in the case and theactual situation faced by Yunnan's agricultural enterprises,this paper established four first-level indicators,including corporate debt repayment and asset management capabilities,corporate profitability,corporate development potential,and corporate governance capabilities.Current ratio,quick ratio,asset-liability ratio,operating cycle,accounts receivable turnover rate,support for agricultural policies,return on assets,net sales profit,ability to transform agricultural output,growth rate of sales,endowments of agricultural natural resources,The evaluation index system of agricultural enterprises' credit rating in Yunnan Province,including 16 innovations of agricultural innovation,corporate inquiries,corporate credit information,corporate credit information,and corporate contract defaults,and then using the Delphi method and The analytic hierarchy process(AHP)synthesizes the index weights and empowers the indicator system.Finally,this paper combines the evaluation system of Yunnan's agricultural enterprise credit rating with the actual case,and substitutes the actual data of the Yunnan A company in the real case into the credit rating evaluation system established in the previous article,and calculates each score separately.As follows:First-level indicators of corporate debt repayment and asset management capacity of29.6 points(out of 36 points,score details of the current ratio of 8 points,1.6 quick ratio,asset-liability ratio of 6 points,inventory turnover rate of 7 points,accounts receivable turnover The rate is 7 points);Corporate profitability is 10.9 points(out of21 points,score is 0.3% of return on assets,sales of net profit is 8 points,growth rate of sales revenue is 2.6 points);enterprise development ability is 17 points(out of 19 points,score The details are 5 points for the support of the agricultural policy,4points for the transformation of agricultural achievements,5 points for the natural resources endowment of agriculture,3 points for the agricultural innovation;24 points for the corporate governance ability(out of 24 points,the score details are 6 for business inquiries.)Points,6 credits for agricultural entrepreneurs,6 credits for corporate credit,6 credits for breach of contract and payment defaults by the enterprises,and 81.5 points for total scores.At this time,they were compared withagricultural enterprises in Yunnan Province.Credit registration form can be drawn from A company's credit rating to A-level results,Then I tracked company A for a period of one year and patiently verified it.It finally proved that the actual business condition of the company is basically in line with the credit score reflected by the credit rating system,thus proving that this set of local agricultural enterprises can be credited The rating system was promoted and applied to provide financing services for more agricultural enterprises in Yunnan Province,which helped Yunnan's development of high-altitude agriculture and poverty alleviation industries.In addition,based on the above research,this article combined with the actual Yunnan Province put forward some prevention and control measures for the credit risk of agricultural enterprises in Yunnan Province,which provided some personal insights for the further in-depth study on the credit rating of agricultural enterprises in Yunnan Province.