About scoring

Scoring is a form of solvency evaluation that clearly, reliably and promptly gives a comprehensive illustration of the enterprise’s business. It provides faster, simpler and more efficient business-decision making when choosing a business partner, for the market analysis purposes and varied business risk assessments, providing also valuable support to analysts in the process of detailed qualitative analysis based on the particularities of the each enterprise. 

Scoring is an objective solvency evaluation determined by the data from financial statements for the last five, or not less than three reporting years. Scoring indicates the financial performance of the enterprise, which is evaluated and analyzed through the set of solvency indicators, while respecting the general tendencies in the area where enterprise performs its core activity. In addition, the analysis includes other relevant data important for the business of the enterprise, such as the number of non-liquidity days for the last twelve months, then data on the prohibition of funds disposal on bank accounts, etc. 

Scoring is available as a report in which the solvency evaluation of the enterprise is given as well as the solvency evaluation of the area and sector where the enterprise performs its core activity which enables the clear positioning of the enterprise in his business environment. The report also contains a systematized set of data for the last five reporting years - basic status and financial data, solvency indicators (individual and aggregate), data on financial statements audit, non-liquidity data and data on the prohibition of funds disposal on bank accounts and other important information (position in the field of activity, Z-score, etc.).

Based on scoring, enterprises are classified into five basic and three specific levels of solvency evaluation: excellent solvency (AA), very good solvency (BB+, BB, BB-), good solvency (CC+, CC, CC-), acceptable solvency (DD+, DD, DD-) and very weak solvency (EE). For specific groups of enterprises, due to certain legal procedures (bankruptcy, liquidation, status change), or due to long-term non-liquidity, lack of data, as well as for newly founded enterprises, solvency evaluation is not determined, and scoring is indicated by specific status symbol.

Solvency evaluation levels and status symbols in scoring

Given scoring is valid until the processing of the regular annual financial reports for the next year is completed until the deadline for submitting that reports, defined by the law. It can cease to be valid even before this deadline in the case of bankruptcy or liquidation, the occurrence of status changes, in case when number of non-liquidity days of the enterprise indicates need for revision of scoring, as well as due to occurrence of other circumstances that are important for determining the level of scoring evaluation.

SBRA publishes Preview of issued scoring which contains an overview of all issued scoring with the termination date of their validity.

Scoring reports are available only for enterprises, but they cannot be ordered for the enterprises which are in the bankruptcy or liquidation proceedings, except on their request. Also, SBRA does not provide scoring for branches of foreign legal entities, nor for deleted enterprises.

Scoring report sample

Description of solvency indicators given in scoring report

Ordering

Scoring is available to all users – legal entities and individuals, in Serbian and English, under equal commercial conditions.

Request for providing scoring can be submitted as follows:

        -  electronically - via the SBRA web site

            eOrdering of scoring

        -  in writing - by submitting the prescribed form BON - Request 1, in person, by post or by fax.

            BON REQUEST 1 - Request for ordering data, solvency reports and scoring

After receiving properly filled request, the user will be sent a notification for the payment of the fee, with all necessary elements (recipient account number for the payment of the fee to the SBRA, payment code, fee amount). Scoring is delivered to the user when the payment has been recorded (based on a statement of daily payments), in the manner defined by the request (in person, by post or by e-mail).

Scoring is provided in a regular procedure and users cannot request urgent scoring issuing (within the same day when the request was submitted).

Scoring is valid without the seal and the signature. Also, users can request a certificated report, which increases the fee by 20%. Certificated scoring report is delivered only in person or by post.

Fees for scoring