Creditreform's credit rating shows the company's current solvency and is easy to use when making decisions concerning credit limit or terms of payment.

For long term or investment credit decisions, we recommend our services for a more complex analysis of the company's cash flow, prospective opportunities, markets etc.

Creditreform Rating table ("Solvency Index")

A credit rating is calculated on the basis of information, considered as being collected from reliable sources. A credit report and a credit rating provide supplementary help to Creditreform's clients in their decision making. Creditreform assumes no responsibility for the results of these decisions. The so called credit limit is the amount, which can be granted as a 30 to 90 days short term credit without any guarantee.

Creditreform Solvency Index

000-100	New company or no official or other information available: credit opinion cannot be stated due to lack of sufficient information; credits should be secured; recommended are deliveries against LC or prepayment
100-200	Excellent credit rating: Business contacts are recommended; credit risk almost non-existent.
200-300	Very good credit rating: Minimal credit risk
300-400	Medium credit rating: Business contacts are considered permissible; unsecured credits are still possible; moderate credit risk clear payment conditions and regular control of payments are recommended
400-500	Deteriorated credit rating: Business connections are not denied, but unsecured credits are not recommended; it is advisable to deal against LC and to carefully prepare the contract
500-600	Bad credit rating: Business contacts are a matter of personal confidence; prepayment is recommended

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Creditreform does not provide official legal advising.
Therefore we can only recommend the following:

Special Pledges Register in Bulgaria: When doubting the business partner's credibility it is advisable to register the goods with the existing Special Pledges Register. When entered into this register, the goods remain property of the seller till they are completely paid (retention of title). It makes legal procedures easier.

Trading safely with Western Europe: Many Bulgarian companies do not include in their contracts, due to insufficient experience, standard clauses, currently used in Western Europe. The most important one of them is the Retention of Title: the seller remains owner of the goods, till they are completely paid (standard clause in Germany). In some countries, a notary attestation of this clause or of the contract are needed. In other countries, the goods are listed in a special register. In Germany this clause is applicable even to goods resold to other parties or processed ("Extended" Retention of Title). In some countries, when the company receiving the goods goes bankrupt, they are excluded from the bankruptcy assets.