It is also called
Expert-rule based model which is actually in practice for commercial analysis
under various aspects. This model does not have any fixed formula for rating MSMEs
but it adheres to some sound principles. The main objective of this model is to
analyse the financial data which is mainly guided by mainly credit experts,
product offered by the company and the type of industry it is operating in.

Evidently there is no clear
stance on which of the analysing models is superior, feasible, faster and
consistent but it depends on the various factors of the organisation being
assessed. There are inherent flaws in this expert judgemental model which are
stemming from financial behaviour of analysing visually;

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·     
people tend
to overestimate the precision of their knowledge

·     
Libby
(1975) shows that while experts were correct in prediction of default 74% of
the time, a simple ratio of liability/assets outperformed analystsghnc

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