sme credit bureau in singapore serving critical information needs for credit manager dun &...

SME Credit Bureau in Singapore

Serving Critical Information Needs For Credit Manager

Dun & Bradstreet (Singapore) Pte Ltd

25th October 2006The BIIA Business Information Forum 2006

Tianjin, China

Property of Dun & Bradstreet (Singapore) Pte Ltd

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.


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.

SME Credit Bureau


Data Repository

Scoring Specialist

Bureau Members

SME Credit Bureau - Concept

Companies & Businesses Registry Information

Litigation Information


SME Credit Bureau – Data Elements

Public Information

• Company Company Registration DataRegistration Data

• Capital InformationCapital Information

• Change of Company Change of Company NameName

• Officer (s)Officer (s)

• ShareholdersShareholders

• SubsidiariesSubsidiaries

• Registered ChargesRegistered Charges

• Suits / LitigationSuits / Litigation

• Winding UpWinding Up


Bureau data elements

1. Alternate Addresses

2. Alternate Company Names

3. Previous Enquiries

4. Defaults

5. Payment Information Summary

SME Credit Bureau – Data Elements

6. Detailed Payment Information (as appendix)

7. Payment Index

8. New Credit Risk Index

9. Industry Risk Indicator


By Industry

45%

30%

13%

6% 3% 3%

Wholesales Trade

Manufacturing

Transportation, Communications,Electric, Gas and Sanitary Services

Services

Retail Trade

Finance, Insurance and Real Estate

Wholesales Trade 45%

Manufacturing 30%

Transportation, Communications, Electric, Gas and Sanitary Services 13%

Services 6%

Retail Trade 3%

Finance, Insurance and Real Estate 3%

Contributors’ Profile – By Industry

Manufacturing S$m 13,591.70

Wholesale & Retail Trade S$m 7,740.00

Business Services S$m 6,693.90

Transport & Comms S$m 5,696.40

GDP Q2, 2006


Entity Type

80.84%

16.79%2.37%

Companies

Businesses

Others

Companies 80.84%Businesses 16.79%Others 2.37%

Payment Experience – By Entity Type


Payment Experience – By Paid Up Capital

Paid Up Capital

5.87% 1.87%

17.63%

30.89%13.26%

30.48%100 or less

101 - 10000

10001 - 100000

100001 - 500000

500001 - 1000000

> 1000000

SGD %100 or less 5.87%101 - 10,000 1.87%

10,001 - 100,000 17.63%100,001 - 500,000 30.89%500,001 - 1,000,000 13.26%

> 1,000,000 30.48%


Payment Experience – By Industry

Wholesales Trade 29.43%

Services 23.76%

Manufacturing 18.85%

Retail Trade 7.64%

Transportation, Communications, Electric, Gas and Sanitary Services 7.50%

Construction 7.45%

Finance, Insurance and Real Estate 4.89%

Mining 0.24%

Agriculture, Forestry and Fishing 0.16%

Public Admistration 0.07%

By Industry Manufacturing S$m 13,591.70

Wholesale & Retail Trade S$m 7,740.00

Business Services S$m 6,693.90

Transport & Comms S$m 5,696.40

GDP Q2, 2006


By Industry

29.43%

23.76%

18.85%

7.64%7.50% 7.45%

Wholesales Trade

Services

Manufacturing

Retail Trade

Transportation, Communications,Electric, Gas and Sanitary Services

Construction

Finance, Insurance and Real Estate

Mining

Agriculture, Forestry and Fishing

Public Admistration

Payment Experience – By Industry


Payment Experience – By Sales Turnover

Sales Turnover

8.67%

21.67%

14.86%18.27%

36.53% < 1m

1m - 5m

>5m - 10m

>10 - 25m

>25m

< 1m 8.67%1m - 5m 21.67%

>5m - 10m 14.86%>10 - 25m 18.27%

>25m 36.53%


Payment Experience – By Employee Size

Employee Size

36.48%

55.27%

6.39% 1.86%

10 or less

11 - 200

201 - 1,000

>1,000

Pax %10 or less 36.48%11 - 200 55.27%

201 - 1,000 6.39%>1000 1.86%

Micro Loan: < 10/200 (manufacturing)

Other Schemes: < 200


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

Payment Experience Database


Other Initiatives – SME Toolkit

1. 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.


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



Other Initiatives – Credit Advisory

2. CREDIT ADVISORY UNITjointly 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


Credit Advisory – Professional Services

Credit Advisory & Financial Management Services

Business EducationPrograms

Credit Research

– Fund raising and M&A advisory

– Balance sheet management

– Corporate and business strategies

– Company valuation

– Financial management and analysis

– Risk policies

– Strategic management

– 8 industry groups

– Cash-flow management

– Risk return assessment

– Productivity and efficiency mgt

– Business expansion planning

– Fund raising evaluation


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

sme credit bureau in singapore serving critical information needs for credit manager dun &...

Documents

credit history

credit bureauit

credit track records

application information

critical information

public databases

sanitary services13

sanitary services11087