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Mission
Statement
ProfitGuard’s
mission is to help clients avoid potential credit
losses while maximizing revenue through effective
credit risk management.
At ProfitGuard, we strive to bring our clients
the most current, accurate, and comprehensive credit
information available today.
With this approach, we are able to provide
clients with cost effective credit decision support
which helps them safely reach their business
objectives.
History
and Background
ProfitGuard was formed in 2000 to address the growing
need for objective credit risk management in the
metals industry. Initial
efforts were focused on creating a statistically
reliable risk model that would be a valid predictor of
default probability.
This risk model has become the primary
foundation for the probability of default and credit
risk scores that our clients rely on everyday in
making credit decisions.
Today,
ProfitGuard is a well-known name in the industry and
remains the only credit reporting service that is
dedicated exclusively to servicing the unique credit
needs of the metals industry in the
United States
and
Canada
. We are proud to have close to a 97% client retention
rate and continue to welcome new clients to our
service regularly.
ProfitGuard
continues to strengthen its position as a leader in
providing credit risk management and decision support
for the metals industry!
For the coming year we will be adding new
product offerings as we improve and evolve our value
added services. Among
some of the offerings will be access to a state of the
art collection service.
Capabilities
ProfitGuard
is home to one of the fastest growing and largest
metals industry specific databases of information that
directly relates to credit risk.
Our database is constantly being updated and
improved. The
foundation of our credit risk management program, our
custom tailored risk model, incorporates credit
information from a wide variety of resources.
The information is then grouped together into
several “Score Cards” which assist our analytical
team in calculating our various ratings.
Our
team of analysts helps protect close to $10 billion in
annual metal shipments, providing decision support to
many of the largest metal processors and traders in
the country. ProfitGuard’s
analysts have several years of credit management
experience and strong financial backgrounds
concentrated in the metals industry.
ProfitGuard's in-house financial analysts
concentrate 100% of their efforts on evaluating credit
risk within the metals industry everyday.
The
primary backbone of our methodology at ProfitGuard is
taking a Micro and Macro approach to analyzing debtor
companies and the industry as a whole.
Not only do we put each company in question
under a financial microscope, we analyze the industry
sector in which they operate and compare them to their
peers. We
also analyze each industry sector and its fundamentals
to help us gauge the overall credit risk in the
industry.
Staying
in Tune with the Industry
ProfitGuard is currently an active member of the
Institute of Scrap Recycling Industries, Inc. (ISRI) among other
industry affiliations.
We attend several of the local, regional, and
national meetings forging our relationships with
industry professionals.
We currently have hundreds of relationships
with top level executives in the industry.
This competitive advantage sets ProfitGuard
apart from the rest!
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