Providing goods on consignment to a retailer, providing credit to your customers, prepaying your suppliers, having financial dealings with a new business are some of your business activities that could expose you to credit risk.
To eliminate risk is to close down a business. Risk creates business opportunities. There is no expected return without some risk taking but the key here is to take calculated risks. Offering attractive credit terms may increase your competitiveness but it will also expose you to higher credit risks. Several factors influence your decision to partner with a third party when you want to expand your company. To minimise the risk and turn it in to a positive business advantage, assessing and monitoring counterparty credibility has become a necessity.
MNK RISK CONSULTING Company Business Rating Reports enable you to check a third-party company, allowing you to make quick and risk-informed decisions about potential customers, suppliers and business associates.
Extending credit to customers or business partners can help boost sales and open doors to new revenue sources. But extending credit also comes with its fair share of credit risks.
Do you know the financial strength of your customers? Are they able to repay or fulfil other contractual obligations towards you? Do they go through an unexpected change (e.g. change of management)? Does their industry face a bad year?
Know who you are dealing with:
Get paid on time:
Check and monitor any Cyprus and Greece companies.
Qualify prospects and suppliers and set realistic credit limits
Check to see if existing or prospective customers and suppliers of yours have any County Court Judgments following legal actions taken by their creditors.
Your suppliers can affect the quality of your products/services and your ability to deliver your promises. If a supplier lets you down, either by not delivering on time or delivering inferior quality products, you let your customers down. This can damage your business’ reputation and delay important payments. Choosing a supplier without seeing their business report could cost you valuable customers, time and money.
Getting our standardised Company Business Rating Reports to check suppliers helps establish their stability and ability to provide a quality service, in both the medium and long term. Choosing a reliable, financially stable supplier means that you can be confident you can always fulfil commitments to your customers.
We provide you with:
Order on-line a Company Business Rating Report for any industry sector. Call or email us alternatively if you prefer.
We have been developing credit risk rating methodologies and credit risk analytics for more than 20 years. We have one of the most predictive credit risk measurement models in the industry, which lets you easily determine the creditworthiness of your counterparties. Our credit models can help you predict business credit risks and identify likely failures within the next 12 months. And more…..see below.
Getting our standardised Company Business Rating Reports provides you with practical easy-to-understand information which would help you to check customers and determine whether you really want to extend credit and ‘invest’ in new business relationships. In addition to our standardised Company Business Rating Reports, we can also offer you bespoke advisory.
Some business factors to consider:
Order a Company Business Rating Report is pretty straightforward. You just fill-in the Input Form available on line by providing the following:
Upon clearance of payment, we start work. The ordered Company Business Rating Report shall be sent to the email address you provided us within 4-7 business days depending on the report type.
Your identity will not be disclosed to the rated company.
The COMPREHENSIVE report covers information on:
We also offer information on Anti-Money Laundering (“AML”) risks associated to the rated company, its shareholders and directors. This additional information is provided with our PREMIUM report.
We evaluate the risks of rated entities and structures under a variety of scenarios to ensure rating stability. Scenarios are developed based on potential risks your customer/supplier/counterparty may encounter through plausible stress scenarios.
The Baseline Scenario relies on actual latest available financials combined with recent operating history. It produces one year forward financial projections which are rather conservative.
A Stress Scenario is one that may cause the rating to be downgraded by at least one notch over the next year. This helps you determine the amount of headroom in the rated company’s financial standing and informs on the likelihood of a change in rating Outlook. Financial projections are based on the counterparty’s current and historical operating and financial performances, its strategic orientation and analysis of wider industry trends. We consider any possible fundamental shift in financial policy or a structural change in the operating environment over the (one-year) time horizon under review which may impact adversely the credit rating. A recession for example may lead to a more significant credit downgrade if the rated company is vulnerable because of either lower ongoing cash-flow expectation, taking significant new leverage to offset cash shortfalls during the recession, fundamental shift in the business model risks during the recession, or transformational changes in market demand.
What the above means? We provide you with forward looking estimates of the annual Credit Value at Risk, expected shortfall and other credit risk analytics. One set for the Baseline Scenario and two sets for the Stress Scenarios. This way you have a holistic view which enables you to weigh different risk factors before you make a business decision.
Get information on the following:
Additionally, to the COMPREHENSIVE Report, with our PREMIUM report we conduct an AML Risk Assessment with information on the following:
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