Business Reports

What is included in the Business Reports

The Business Reports are PDF files that present all the financial and business data of a company provided online by TSEK, on the day its VAT number search.

Business Reports, whether basic or detailed form, are stored in your company's account on the TSEK platform with a print option. This creates an archive of all the information you need, making it easier to access, refer, and manage.

What information is provided

• Basic Business Report: it includes all data pertaining to a company's financial behavior (financial data, the outcome of DFO & MPS data, reasons for issuing a payment order, information on creditors/initiating parties, etc.). Suitable for credit security use.

Example

• Detailed Business Report: it includes the information contained in the basic business report plus balance sheets, sector data, financial ratios, and company announcements published in the relevant Government Gazette or by the GEMI. The detailed business report provides you with comprehensive analytical information that documents the evaluation of a company's financial position.

Example

How to access

• Sign up on the TSEK platform
• After logging in to the TSEK platform with your username and password, enter the VAT number of the company you wish to search and select Business Report.
• Next, select the type of report that meets your business needs.
• The business report is immediately generated as a PDF file that contains all the company’s data as displayed online on TSEK and registered in the Tiresias database.

What is the Instant Credit ID report?

The Instant Credit ID report provides online access to all of your company's financial behavior data, as recorded in the Credit Consolidation System (C.C.S.), the Default Financial Obligations System (D.F.O.) and the Mortgages and Prenotations to Mortgages System (M.P.S.) of Tiresias, along with its solvency ranking at any given time.

What information is provided

In a concise and easy-to-understand format, you receive the following:

1. Your company's solvency ranking, the relevant reasoning and percentage, the probability of default (12 months) of the population with the same characteristics (legal entity or sole trader)

2. All financial information regarding the type and amount of credit and loans and their consistent or non-repayment, namely:

• current - active and closed loans per category (e.g. consumer loan, mortgage loan, business loan, credit card, etc.)
• information on default (inability to pay) financial obligations per category (e.g. bounced checks, unpaid bills of exchange, termination of loan and card agreements, property auctions,      foreclosure, etc.), and changes to this data per category (repayment, cancellation, rejection, annulment, withdrawal, etc.)
• information relating to any mortgage and mortgage prenotation per category of origin (items and amounts, registration date of most recent entry, etc.)

How to use it

Reviewing your company's credit report at regular intervals enables you to:

• find out how your company's data appear in the records held by Tiresias and control your credit profile in relation to banks
• better prepare any request for funding by settling any debts in advance and submitting the appropriate supporting documents to Tiresias
• promptly identify any omissions in your company data and make immediate corrections, deletions etc., according to your GDPR rights
• have a better control of your financial obligations

How to access

Access to your company's Instant Credit ID report is included in all TSEK packages.

After logging in to the TSEK platform with your username and password, platform administrators (web officers) can select the appropriate option from the menu to immediately issue the Instant Credit ID report.

Each Instant Credit ID report has a unique access code (T-CODE). The report can be reproduced up to three (3) times within the 7-day validity period of the T-CODE.

Example

View Instant Credit ID

Note: The Instant Credit ID does not constitute an enforcement of the right of access under Article 15 of the EU General Data Protection Regulation (GDPR) 2016/679, nor does it replace it. You can enforce your right of access to your data at Tiresias in accordance with the above and receive detailed information about the data held by Tiresias that concern you.