sme credit bureau in singapore serving critical information needs for credit manager dun &...
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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.
Property of Dun & Bradstreet (Singapore) Pte Ltd
SME Credit Bureau
Property of Dun & Bradstreet (Singapore) Pte Ltd
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
Property of Dun & Bradstreet (Singapore) Pte Ltd
Data Repository
Scoring Specialist
Bureau Members
SME Credit Bureau - Concept
Companies & Businesses Registry Information
Litigation Information
Property of Dun & Bradstreet (Singapore) Pte Ltd
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
Property of Dun & Bradstreet (Singapore) Pte Ltd
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
Property of Dun & Bradstreet (Singapore) Pte Ltd
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
Property of Dun & Bradstreet (Singapore) Pte Ltd
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
Property of Dun & Bradstreet (Singapore) Pte Ltd
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%
Property of Dun & Bradstreet (Singapore) Pte Ltd
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
Property of Dun & Bradstreet (Singapore) Pte Ltd
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
Property of Dun & Bradstreet (Singapore) Pte Ltd
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%
Property of Dun & Bradstreet (Singapore) Pte Ltd
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
Property of Dun & Bradstreet (Singapore) Pte Ltd
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
Property of Dun & Bradstreet (Singapore) Pte Ltd
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.
Property of Dun & Bradstreet (Singapore) Pte Ltd
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 – SME Toolkit
Property of Dun & Bradstreet (Singapore) Pte Ltd
Other Initiatives – SME Toolkit
Property of Dun & Bradstreet (Singapore) Pte Ltd
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
Property of Dun & Bradstreet (Singapore) Pte Ltd
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
Property of Dun & Bradstreet (Singapore) Pte Ltd
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