Log in Język PICM


The Polish Institute of Credit Management developed the creditworthiness assessment system for companies. The system comprises two areas of analysis, the quantitative and qualitative part. Based on the below listed selected factors, the synthetic score (rating) is evaluated. The result of the analysis enables to compare the companies and see clearly the business evaluation in time.

The attached document describes the creditworthiness assessment process and rating drivers of PICM approach. We value the credit rating based on the following criteria:

Quantitative criteria
• Cash flow
• Profitability
• Indebtedness
• Selected financials dynamics

Qualitative criteria
• Macroeconomics
• Management staff
• Threat of competitiveness
• Threat of substitution
• Bargaining power of customers
• Bargaining power of suppliers
• Industry rivalry
• Entrepreneurship functioning

For the moment the methodology and all analysis are available only in Polish language.