Basis for the analysis of credit expert score overall financial situation of the enterprise. This assessment begins with the preparation of this balance sheet that best reflects the state of assets and liabilities firm the potential borrower. A balance must be prepared for the state of affairs on the day of analysis. Information about the inner workings of the company and how it conducted business, as well as on its financial position, largely depending on whether how the firm operates can be obtained as a result of the statement of profit and loss account over the past three, six or twelve months depending on the amount of the assessed businesses. Finally, the analysis and forecast cash flow assets (Cash Flow) not only serves to track the actual movement of funds in previous periods. These data also provide an opportunity to assess in advance the future liquidity of the company from different perspectives (Conservative or optimistic).
Of course, when collecting financial information is not enough merely thoroughly review or even reorganize the data collected in the official reporting documents (balance sheet, statement of Profit and loss account and cash flow analysis), and then use these data as a basis for the decision to grant credit. Credit experts must necessarily make its own full financial reports for each company of the potential borrower. This approach is justified for the following reasons: – official financial statements (balance sheet and application) can be created three months ago. This means that the data in the report outdated and does not make any sense when assessing the enterprise. And do not affect whether you can take a loan secured by real estate or a loan secured by apartment. The presence of the most recent data is absolutely necessary, especially in such a rapidly changing environment that characterizes the state of business in Russia today. – Valuation of fixed assets does not reflect their current market price.
The revaluation, the compensating inflation used predetermined coefficients, which are not always fully reflect changes in market prices. – Not all assets used in the enterprise are included in the official balance sheet. In such cases, certain basic funds made available in an enterprise using the 'lease', and thus, although the company does not own the assets legally, but the property is used in the business, from a financial point of view, it is part of the company's assets. – To minimize taxes, the company significantly understate the income from their operations. Production costs or other expenses of the firm. Source: banks loans secured by real estate.