Trade reports in risk analysis and counterparty verification in Poland

Trade reports in risk analysis and counterparty verification in Poland

KIELTYKA GLADKOWSKI KG LEGAL has recently participated in a training devoted to trade and business reports in risk analysis and investments in Poland. The information gained through the training will help our Clients in a more careful selection of a suitable business partner and will increase the transparency of business standing.

IPG Trade Reports

The basic source of information on the financial data of business entities is the Polish National Court Register. Reliability can also be assessed on the basis of data from the Court and Economic Journal, the Polish National Business Registry Number database, debtor registers, and information from InfoCredit companies and partners (IPG reports). These IPG reports present the situation of a given company in detail. Among other things, they present the structure of shareholders of the entity, which is one of the basic parameters of risk assessment connected with a given company. They also contain current and historical financial ratios. They also contain a complete ratio analysis of parameters such as liquidity, indebtedness, operating efficiency, profitability, and capital and asset structure. Trade reports also contain information on the structure of employment, which is collected directly from companies. Despite the decision of the Ministry of Finance in 2017, regarding the inclusion of import and export data under fiscal secrecy, the reports contain information on business activity.


The Early Warning System serves to reveal the deteriorating situation of economic activity and to detect the risk of bankruptcy. Its element is the rating, i.e. the assessment of the creditworthiness of a given business entity. Factors, influencing the rating are: the amount of capital, the amount of fixed assets, the amount of income, the amount of net profit, operating costs, liquidity, activity, development and debt ratios, auditors’ reports. These factors should be tailored to the individual company. The rating of a company is influenced not only by quantitative data in the form of financial statements or data available in registers, but also by qualitative data such as press releases, information from contractors. An important role in the rating methodology is played by the Altman Model, which is the flagship rating model used by most rating agencies, which they modify and adapt to their needs. A low rating does not necessarily imply poor financial health of a company and may be due to, among other things, a deliberate tax strategy implemented by the company.

KIELTYKA GLADKOWSKI KG LEGAL advises on current basis international clients doing business in Poland in verifying business partners and securing interests through detailed due diligence.