Negative developments in business relations for example default of payment or loss of accounts receivable are for the most part no coincidence. With correctly interpreted, as well as clear indicators to risks, uncertainties in monetary transactions can be minimized. Customers and business partners are on the safe side with FRITSCH – Milling and Sizing though. The independent rating agency Hoppenstedt Kreditinformationen (credit information) awarded FRITSCH the "Hoppenstedt CreditCheck Top Rating-Certificate" 2011.
Consequently, the company is part of the circle (encompassing all branches of industry) of only 3,3 per cent of German companies which feature a credit index of 1. Now FRITSCH is certified as a “Top Business Partner”. Hoppenstedt Kreditinformation GmbH evaluated 4, 5 million German companies on a scale of 1 to 6 in the areas of credit standing whereas “1” is the best possible obtainable result.
Core of the credit check business evaluation, is the risk, respectively the credit assessment of the companies. The CreditCheck credit rating is a statistically determined value which based on modern statistical procedures calculates the risk, whether a company within the next 12 months either becomes insolvent or ceases their business activities without meeting all their obligations towards their creditors.
Basis for the evaluation of the companies are the available financial data as well as information about the payment history. Information gathered from more than 500 million invoices from the worldwide largest payment experience collective in Germany serve as the foundation. The Hoppenstedt GmbH communicates directly with companies. In order to gather additional information, which is taken into account for the evaluation, public sources such as commercial registers, press releases and results from online research is included. The certificate “Hoppenstedt CreditCheck Top Rating” is a nationwide in the industry well-known and recognized award, which conveys positive signals beyond a doubt to customers, business partners, suppliers and financial institutions.
