The CrefoCert certificate is the company’s stability and quality mark, which acknowledges the stability of the company, promotes the overall reputation of the company and demonstrates its ability to meet financial commitments. According to the SIA Crefo Rating calculations, only 5% of Latvian enterprises comply with the criteria for obtaining the CrefoCert certificate; therefore, it is an exclusive acknowledgement for excellent paying capacity among competitors.

The assessment of enterprises is performed by an independent and professional company, using an unbiased and precise evaluation process that is created in cooperation with Creditreform Risk Management in Germany. The CrefoCert certificate is awarded by SIA CREFO Rating, which is the group entity of SIA Creditreform Latvia. The certification process involves detailed financial data analysis, calculations of the risk class and the CrefoScore index, which adequately reflects the indices for paying capacity. The financial data analysis draws on various indices, for example, the company’s structural data (the number of employees, the age and legal form of the company, etc.), risk indicators of the business branch, registry information of VAT payers, the Creditreform credit history database, information regarding insolvency, liquidation, reorganisation as well as other processes.

Eva Sietiņsone-Zatlere, Chairman of the JSC Cēsu alus Board: “The obtained certificate attests our company’s responsible attitude and the implementation of a supreme culture of payments. This certificate is a recognisable tool for promoting the company’s financial reputation both in Latvia and internationally, giving us the reputation of a reliable and stable cooperation partner.”

Information: JSC Cēsu alus is a reputation leader and one of the biggest taxpayers in the Vidzeme region. The company is included in the State Revenue Service (SRS) in-depth cooperation programme or “white list”, and has also been recognised as the Best employer in Vidzeme since 2012. JSC Cēsu alus is a gold level participant in the Sustainability Index of Latvian enterprises and in 2012 showed one of the sharpest increases within Company Top Reputation. This year the company sits in 17th place among the 150 best Latvian companies.