CRIBIS, a company specialized in providing business information on Italian and foreign companies, has awarded Novotex Italiana S.p.A. the title of CRIBIS Prime Company, which certifies the highest level of business reliability for an organization.
The CRIBIS Prime Company is a highly valuable acknowledgement assigned only to 7% of the more than 6 million Italian companies each year. CRIBIS allocates the merit using the CRIBIS D&B Rating, a synthetic indicator that, on the basis of a statistical algorithm, it is able to measure a company’s probability of generating severe insolvencies. For the calculation, different variables are considered, among which a company’s main profile information, indexes and balance sheet data, company seniority, payment experiences and the potential presence of negative information.
The CRIBIS Prime Company recognition is, as such, the highest level of business reliability for an organization, and it is allocated only and exclusively to companies which maintain constantly a high economic and commercial reliability record and a history of prompt payments towards their suppliers.