Trusting a business partner in a foreign country, particularly in a new market, is a challenge and an important factor for the success of any company's export activities. TSEK provides efficient support for checking the creditworthiness of your partners abroad. In cooperation with the specialized multinational company Creditreform, it can supply you with reliable financial reports on companies based in 89 different countries, including 42 registered in Europe.
What does this service enable you to do
- Check the solvency and assess the business risk your company is undertaking with regard to foreign customers and suppliers
- Check and redefine payment or credit terms for each business transaction, medium, large order or project.
- Make informed decisions about payment deadlines and credit limits
- Reliably assess the likelihood of payment default
- Prevent potential fraud
- Use reliable data for credit security on exports
- Review your company's outstanding financial obligations abroad
What information is included
Depending on the information available per country, International Reports may include the following:
- Company data: name, distinctive title, addresses, website, VAT number, company status, etc.
- Creditworthiness: Creditreform solvency ratio with reasoning, likelihood of payment default within the next twelve months, etc.
- Payment policy and creditworthiness rating: credit assessment, payment management, recommended credit limit, changes in financial circumstances, adverse characteristics (e.g. debt collection procedures, enforcement measures, insolvency).
- Company incorporation data: legal form, date of establishment, registration, company history, registered office and branches, capital, etc.
- Business activity: company registry, actual business activity, likelihood of default in its sector, etc.
- Business data: turnover and number of employees for the last five years, import and export quotas and countries, standardised balance sheets for the last two years, real estate.
- Additional information: banks with which the company cooperates.
