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SME Credit Bureau in Singapore Serving Critical Information Needs For Credit Manager PowerPoint Presentation
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SME Credit Bureau in Singapore Serving Critical Information Needs For Credit Manager

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  1. Dun & Bradstreet (Singapore) Pte Ltd SME Credit Bureau in Singapore Serving Critical Information Needs For Credit Manager 25th October 2006 The BIIA Business Information Forum 2006 Tianjin, China

  2. SME Credit Bureau • A collaborative effort between Dun & Bradstreet (Singapore) Pte Ltd and the Association of Small and Medium Enterprises (ASME). • Launched on 21 Mar 2005 by Dr Vivian Balakrishnan, Minister for Community Development, Youth & Sports and Second Minster for Trade & Industry. • Fully operational on 01 October 2005. Property of Dun & Bradstreet (Singapore) Pte Ltd

  3. SME Credit Bureau Property of Dun & Bradstreet (Singapore) Pte Ltd

  4. SME Credit Bureau • It is an online repository of Companies’ information and credit track records. • Credit history is one indicator of a Company’s character in terms of meeting its debt obligations. • Inclusive are Company’s Registration details to help confirm application information and business validity. • Information is obtained from members of the bureau, public databases, other external databases, including litigation and winding up cases. Property of Dun & Bradstreet (Singapore) Pte Ltd

  5. SME Credit Bureau - Concept Companies & Businesses Registry Information Litigation Information Bureau Members Data Repository Scoring Specialist Property of Dun & Bradstreet (Singapore) Pte Ltd

  6. SME Credit Bureau – Data Elements Public Information • Company Registration Data • Capital Information • Change of Company Name • Officer (s) • Shareholders • Subsidiaries • Registered Charges • Suits / Litigation • Winding Up Property of Dun & Bradstreet (Singapore) Pte Ltd

  7. SME Credit Bureau – Data Elements • Bureau data elements • Alternate Addresses • Alternate Company Names • Previous Enquiries • Defaults • Payment Information Summary • Detailed Payment Information (as appendix) • Payment Index • New Credit Risk Index • Industry Risk Indicator Property of Dun & Bradstreet (Singapore) Pte Ltd

  8. Contributors’ Profile – By Industry GDP Q2, 2006 Property of Dun & Bradstreet (Singapore) Pte Ltd

  9. Payment Experience – By Entity Type Property of Dun & Bradstreet (Singapore) Pte Ltd

  10. Payment Experience – By Paid Up Capital Property of Dun & Bradstreet (Singapore) Pte Ltd

  11. Payment Experience – By Industry GDP Q2, 2006 By Industry Property of Dun & Bradstreet (Singapore) Pte Ltd

  12. Payment Experience – By Industry Property of Dun & Bradstreet (Singapore) Pte Ltd

  13. Payment Experience – By Sales Turnover Property of Dun & Bradstreet (Singapore) Pte Ltd

  14. Payment Experience – By Employee Size Micro Loan: < 10/200 (manufacturing) Other Schemes: < 200 Property of Dun & Bradstreet (Singapore) Pte Ltd

  15. Payment Experience Database • Relevance of data (to Enterprise Banking): • Entity Type: >80% on Companies • Paid up Capital: > 50% of PUC < ½ million • Industry: In line with top 4 performing sector • Sales Turnover: > 60% with < $25 million sales turnover • Employee Size: > 85% with < 200 employees Property of Dun & Bradstreet (Singapore) Pte Ltd

  16. Other Initiatives – SME Toolkit • SME Toolkit • International Finance Corporation (World Bank Group) • Web-based content management system & portal • Leverage the latest information and communication technologies to help SMEs learn and implement sustainable business management practices • Increase SMEs productivity, efficiency and capacity, as well as improve their access to capital and new markets. Property of Dun & Bradstreet (Singapore) Pte Ltd

  17. Other Initiatives – SME Toolkit Content available in this portal: • Accounting & Finance • Budgeting & Forecasting • Credit & Collection • Financial Management & Reporting • Finding Finance • Human Resources • Legal & Insurance • Incorporation • Marketing & Sales • Customer Service • International Business http://www.businesstoolkit.com.sg Property of Dun & Bradstreet (Singapore) Pte Ltd

  18. Other Initiatives – SME Toolkit Property of Dun & Bradstreet (Singapore) Pte Ltd

  19. Other Initiatives – Credit Advisory 2. CREDIT ADVISORY UNIT jointly managed by D&B Singapore & Evolve Maximus • Improve financial and business strengths of SMEs through highly relevant and customised mentorship programmes • Promote SME development through shared initiatives with government agencies, private sector, trade associations and business chambers • Complement risk management initiatives of financial institutions and MNCs • Create stronger partnership with the seekers and suppliers of funds (debt and equity) and the public sector • Plan and organise innovative yet educational events for the overall business community Property of Dun & Bradstreet (Singapore) Pte Ltd

  20. Credit Advisory – Professional Services • 8 industry groups • Cash-flow management • Risk return assessment • Productivity and efficiency mgt • Business expansion planning • Fund raising evaluation • Fund raising and M&A advisory • Balance sheet management • Corporate and business strategies • Company valuation • Financial management and analysis • Risk policies • Strategic management Property of Dun & Bradstreet (Singapore) Pte Ltd

  21. Other Initiatives – Blending of Data • 3. Blending of Commercial & Consumer Data • Combining Consumer Credit Bureau data with SME Credit Bureau Corporate formation • Facilitate lenders in their credit evaluation on credit application from SMEs • Provides an insight on the credit history and capacity of business owners along side that of their businesses • Ultimate goal of providing Blended Score that supports predictive & quick assessment Property of Dun & Bradstreet (Singapore) Pte Ltd