Adam DeFrancesco, Founder & CEO of OMNI Systems said, “We are pleased that D&B has reassessed Omni’s financials and upgraded them to the extremely strong financial rating of 3A1. This demonstrates Omni’s strong capacity to meet its financial commitments and will provide further assurances to our current & future partners to trade with us in complete confidence.”
The Dun & Bradstreet Rating is the most widely used credit rating in American business, and provides an accurate assessment of a company’s overall creditworthiness and risk of default. A company’s Dun & Bradstreet rating is made up of two basic components, a Ratings Classification and a Risk Indicator.
The Rating Classification is computed by D&B when a company submits D&B with financial statements; it indicates a range of the company’s net worth or equity. Omni received a rating of 3A which is reserved for companies with net worth between $1M and $1B.
The Risk Indicator reflects D&B’s assessment of overall credit worthiness (risk of default) and is calculated by taking into account key items (financial resources, working capital, cash flow, etc.) that are used to predict the likelihood of a business failure. Omni received the lowest Risk Indicator of 1 which implies a “Strong Condition” of its finances. This rating is reserved for companies of unquestionable credit standing and financial strength.
“We are thrilled to receive this outstanding D&B rating,” said Larry Ballash, CFO of Omni Systems. “Labeling is a very competitive industry and given the nature of our current economy, having this strong rating will set us apart from the competition and will also help to ensure our continued growth.”
About Omni: Omni Systems, Inc. is one of the largest privately owned label converters in North America. Based out of Cleveland, OH, OMNI has become the supplier of choice to leading Fortune 500 clients that have extensive long-run requirements for thermal labels used in bar-coding, weigh-scale, pharmacy prescription labels, etc. applications. For more information, visit http://www.omnisystem.com/