LOCAL AND GLOBAL CREDIT REPORT
VERONA provides analysed credit information (Credit reports) for financial executives, and credit managers with business objectives of lowering bad debts, increasing cash flow and getting higher profit margins for their companies.
VERONA values credit risk in both qualitative and quantitative approaches by leveraging Verona Credit Rating©, formulated from over 20 business attributes, to evaluate the risk level of the subject companies.
VERONA Credit Rating©
A quick and clear way of indicating the creditworthiness of your company. VERONA Credit Rating is formulated from over 20 business attributes by the matrix of industry, operation, history, public filings, and litigation records. It is a rule-based and weighted average. This quantitative measurement provides a straightforward and easy-to-understand approach to reflect the risk level of a company.
Application
- Quantify the risk with a risk score
- Credit Rating for credit approval reference
- Set your credit terms concerning an independent, external credit rating
Reference Guide
| Score Range | VERONA Credit Rating | Description | Guide to Interpretation |
|---|---|---|---|
| 89+ | A | Lowest Risk | Proceed transaction and extend credit where necessary |
| 71-88 | B | Lower than average | Proceed credit transaction |
| 46-70 | C | Moderate | Proceed transactions with continuous monitoring |
| 31-45 | D | Higher than average | Proceed transaction with a guarantee or secured assets |
| 0-30 | E | Highest Risk | Review the case and take an in-depth investigation |
Application & Benefit
- Verify a business’s existence, background, and scope out its scale of operation to prevent business fraud
- Set the credit terms concerning VERONA Credit Rating© and credit recommendation for your new clients confidently and get prompt payment
- Monitor your existing clients and stay on top of changes in risk
- Accounting use: Reference and support for IFRS 9 Expected Credit Losses (ECL)
Table of Content
The content of a standard credit report* would include below.
CORPORATE PROFILE
- Verify the Subject’s identity & firmographic information
EXECUTIVE OVERVIEW
- Snapshot of the Subject’s key information and comments from our business analyst
- Recommend credit terms for credit reference
VERONA CREDIT RATING ©
- Rule-based, a weighted rating that provides straightforward, an easy-to-understand quantitative measure that credit managers can easily rely on to make an informed decision
- Analysts’ comments on the Subject’s credit appraisal, totally non-robotic, up-to-date, and professional
REGISTRATION & HISTORY
- Shareholding structure, legal status, registered agent, registered charges, list of directors, name changes and registration changes since the latest annual return
LITIGATION RECORD
- Included both subjects recorded as plaintiff or defendant information
- Chinese and English name matching
- Court Coverage: High Court, District Courts, Small Claims Tribunal, Lands Tribunal
FINANCIAL INFORMATION
- Include key financial information if available from an interview or other sources
OPERATION
- Understand subject’s scale, operation status, industry, qualification, banking information, sales information, supplier information, and premises condition
CORPORATE LINKAGE
- Provided names and relationships of related companies from interview and investigation, such as parent group, affiliates, associated companies and subsidiaries
PROPERTY ASSET
- To identify the subject’s completely owned property asset in Hong Kong for a better understanding of its financial strength
*Report content will be varied from different countries
