Dewmar International BMC, Inc. (DEWM) Achieves a Positive SER and Credit Rating from Dun & Bradstreet
Source: Marketwired – September 14, 2016
Dewmar International BMC, Inc. (OTCPink:DEWM), announces that on August 24, 2016, the Company received an updated Supplier Qualifier Report issued by Dun & Bradstreet (D&B) in conjunction with its Walmart National Vendor Account that issued Dewmar with an exceptional SER rating of 2.
The objective of the report, in context to Walmart, is to assess the credit and financial risk of Vendors who supply goods and services to the Retailer. As noted below, the Supplier Qualifier Report takes thousands of financial and business factors into account culminating in a Supplier Evaluation Risk (SER) Rating. The D&B SER rating is a number between 1-10; with 10 (ten) being the highest risk and 1 (one) being the lowest risk. Dewmar improved its rating by an impressive 4 points from this point in time last year.
Many big-box retailers such as Walmart Corporation, use Dun & Bradstreet’s Supplier Evaluation Risk (SER) Rating to help decide whether or not to accept a supplier. In fact, given the retailer’s purchasing policies, a company’s SER Rating can determine a Vendor’s consideration for national, multi-million dollar contracts.
Here is a Risk Score Analysis Summary for an SER Rating of 2 for Publicly Traded Companies:
Review this link to learn more about what all factors are associated with SER Ratings: https://creditreports.dnb.com/m/business-glossary/supplier-evaluation-risk-rating.html
“After a thorough evaluation by D&B, we are satisfied with the SER Rating Dewmar received,” said J.D. Houston, COO of Dewmar International BMC, Inc. “D&B is in the business of evaluating the financials of more than 235 million companies across 200 countries worldwide, so to achieve a high mark from such an experienced and discerning source we think is reflective of Dewmar’s swing to annual profitability and improved financial strength,” Mr. Houston continued.
”Now that D&B has completed its review and assigned Dewmar an SER Rating of 2, Dewmar is better positioned to immediately proceed with our plans to pursue and win national contracts for the delivery of services and products to major corporations, inclusive of, but not limited to Walmart”, said Dr. Marco Moran, CEO of Dewmar International BMC, Inc.