The Arbitration Case File will provide all information on court proceedings involving an individual entrepreneur or legal entity. You can find a counterparty card with all the information.
Database of enforcement proceedings. Information on the presence of debts presented for collection.
Services for obtaining accounting reports. For example, the website of the Federal Statistics Service.
Resources for checking the passport of a citizen of the Russian Federation.
Do not work with those who arouse suspicion. Do chinese student data package not trust those who have debts or those who are not engaged in the activities indicated in the Unified State Register of Legal Entities.
Counterparty Verification Checklist
The time of such a check can range from a couple of hours to 1 day, but its significance is much more valuable.
So, what should you pay attention to when checking partners?
Key information:
You can obtain information about the company on the FTS website;
check if the company is on the list of unscrupulous suppliers.
Legal information:
how long has the company been operating on the market;
authorized capital;
the presence of additional business among the company's beneficiaries;
information on bankruptcy, lawsuits and enforcement proceedings against the partner company.
Financial statements of the company
To do this:
Request certified financial statements for the year from the company.
Analyze the presence of debts and the dynamics of the company's capital. It should not be lower than the inflation rate.
Please note that the contract amount should not exceed the capital level and the volume of accounts receivable.
Financial statements of the company
Source: shutterstock.com
Contract amount
Assess the possible risks of non-fulfillment of the order. If its amount exceeds 20% of the company's financial assets or approved borrowed funds, it is better to refuse it. In extreme cases, such an order can be split into smaller ones, thereby protecting your company.
Stages of contract execution and payment procedure
Evaluate the plan for the receipt of funds. It is important that the expenses are related to the receipt of funds. This way, both you and your partner will be able to fulfill your obligations in full.
Pay attention to the prepayment. A prepayment of 30-35% of the contract amount is considered normal. Accordingly, the higher this figure, the better.
Company reputation
Reputation does not always guarantee a reliable partnership. Therefore, check how things are going inside the company. To do this:
Check out major job search sites to see reviews from staff;
Check the company's social media to get information about employees;
Find reviews about the company on the Internet, although not everything that is written should be believed 100%.
Other:
response time to emails and number of emails left unanswered;
the number of company employees who are actively looking for work;
feedback from clients and partners of the counterparty company;
availability of guarantees and sureties when concluding agreements.
Checking a company against this list will help you minimize risks and protect your finances when establishing partnerships with future counterparties.
Don't be overly trusting and careless. A company's good reputation is not a reason to refuse an inspection. It's better to conduct a thorough analysis and assess the risks of working with the counterparty from all sides in order to protect yourself from possible negative consequences.