Managing Director Alexandra Knauer (2nd from left) and her financial accounting team proudly present the CrefoZert certificate (Photo: KNAUER)
Low debt: Like the equity ratio, the debt ratio is primarily a measure of risk that can be used to determine a company's susceptibility to crisis. (Chart: CreditReform, translated)
Liquidity in top form: First-degree liquidity indicates the percentage of current liabilities that are covered by available cash and cash equivalents on the balance sheet date. (Chart: CreditReform, translated)
CrefoZert logo 2020 for KNAUER
CrefoZert Logo 2020 for KNAUER (EN)
On January 2, 2020, the Berlin-based laboratory instrument manufacturer KNAUER Wissenschaftliche Geräte GmbH was awarded the "CrefoZert" credit rating certificate for the first time by the business information service CreditReform.
KNAUER had to undergo a detailed examination in advance, which not only included an intensive analysis of the annual financial reports of several years, but also the current data from the credit report in order to determine the credit rating index. In addition, the current situation and prospects of the company were evaluated through targeted surveys. "CrefoZert" is known in Germany and internationally as an indicator of the solidity and trustworthy management of a company that has received this award.
According to CreditReform, only 20 thousand of the total of four million companies registered in the business database could currently qualify for CrefoZert at all. That is just 0.5 percent. With "CR 1", KNAUER achieves the best of 19 rating classes distinguished by CreditReform.
"We are pleased that the excellent audit result proves how well KNAUER is positioned in terms of creditworthiness and financial reliability. It is not least our financial independence and flexibility that have made us a reliable technology partner for 57 years," stated CEO Alexandra Knauer.
In business relationships such as the selection of suppliers or the purchase of capital goods operated on a long-term basis, the reliability of the business partner is just as important as product quality and price. Financial instability of a supplier or producer, for example, means a risk to the reliable supply of components or special spare parts needed over the long term. As a result, your own company's well-being also depends on this partnership.
Numerous entrepreneurs have recognized this and use credit assessment services in their business relationships to minimize their risks.
The Schiller-inspired title* of this article is therefore perfectly transferable to the business world and does not only apply to marriage, which the poet certainly had in mind.
*) So test therefore, who join forever,
if heart to heart be found together!
Delusion is short, remorse is long.
(from Friedrich Schiller‘s „The song of the Bell“)
The CreditReform group of companies provides information on the creditworthiness and financial structure as well as the environment of corporate customers. CreditReform also offers services in the areas of receivables management and debt collection as well as customer and market structure analyses for marketing. More information is available at www.creditreform.de.
For 57 years, the family-owned company KNAUER Wissenschaftliche Geräte GmbH has been developing high-tech laboratory instruments, such as analytical and preparative HPLC, which are sold in over 70 countries. KNAUER is ISO 9001 certified with strict manufacturing and process reliability for high quality "Made in Germany". Alexandra Knauer, the second generation of the Knauer family to manage the company, places great emphasis on corporate responsibility towards the 140 employees as well as towards the environment and society. More information can be found at www.knauer.net.
KNAUER Wissenschaftliche Geräte GmbH, Hegauer Weg 38, 14163 Berlin, Germany
+49 30 809727-0, +49 30 8015010 (fax), email@example.com, www.knauer.net
KNAUER press contact: Oliver Gültzow, firstname.lastname@example.org, +49 30 809727-43