First CrefoZert Award for FLAVEX Naturextrakte GmbH
In May 2020 the rating agency Creditreform Saarbrücken presented FLAVEX Naturextrakte GmbH with the coveted creditworthiness certificate CrefoZert. This award confirms the company’s solid financial foundation and its corporate policy focused on stability and security.
Daniel Hagelstein (right), regional manager at Creditreform Saarbrücken, awarded the CrefoZert certificate (from left) Dr. Karl-Werner Quirin, Dr. Dieter Gerard and Patrick Gerard, Managing Directors of FLAVEX Naturextrakte GmbH. The CrefoZert is subject to strict guidelines and conditions. A certified company must continuously comply with certain criteria. This includes the Creditreform creditworthiness index, which must have a value between 100 and 249 for an initial positive audit result. In addition to the creditworthiness index, current and complete annual financial statements are also audited separately. Hence, the completeness of annual financial statements with assets, liabilities, profit and loss account and appendices are of special importance. The Creditreform Rating must have a balance-sheet creditworthiness between CR1 and CR7.
FLAVEX has achieved the best possible rating of CR1 in the last 4 years and thus has a high credit standing. Only about 1.7 % of all German companies fulfill the strict criteria of the Creditreform. The certificate is valid for one year provided that the award criteria are adhered to.
The current status is available at www.creditreform.de/crefozert.
All our certificates are available for download here.