English
If you are doing or planning on doing business with a Chinese partner, check who you are dealing with! China is a complex and challenging market to work with, but it can also be very rewarding. You probably have heard that there are a lot of scams in China, and unfortunately, this is true. For this reason, it’s essential to do your due diligence to avoid getting scammed by your supplier. Our goal is to prevent fraud and make sure you are not wasting your money. Credit Report provides as much relevant data about your business partner from China as possible from various trustworthy legal sources. After receiving the report, you will know if the verified company exists, if it has been involved in fraud before, how big it is, who owns it, and many more pieces of critical information. Now, you can make a decision based on solid data, not emotion.
Each report contains the following data about the verified company:
1.Registered company name in English and Chinese
2.Chinese business number
3.Registered address
4.Registration date
5.Legal representative
6.Status of activity
7.Branch offices
8.Related companies
9.Company’s scope of service
10.Initial capital
11.Shareholders
12.Registration at the tax office
13.Registration at the Chinese equivalent of Social Security
14.Registration at the customs house
15.Import and export license
16.Registration in the Office of Surveillance
17.Number of employees
18.Certificates
19.Insolvency
20.Website
21.Additional information
22.ExamineChina experts’ opinion
What does Credit Report protect you from?
The company doesn’t exist
The company is posing as a different existing company
The company is closing, and it will not be able to fulfill your order
The company has been involved in scams or has court cases/financial problems
It is not a manufacturer but a one-man trading company
The bank account belongs to someone else
Why should you verify your Chinese partners?
We was founded in response to a growing problem faced by importers: a lack of proper knowledge about Chinese business partners with whom they trade. This has resulted in numerous frauds, which could have been avoided if they had only checked their Chinese suppliers.
Unfortunately, entrepreneurs are often lured by low prices, eye-catching fair stands, or professional-looking websites and do not verify their information with Chinese governmental departments as they do in business partnerships with European or American companies.
We do not recommend doing business in China without checking if the Chinese company has the appropriate registrations. Besides the official data, we also verify if the company has been implicated in fraud or if it’s listed on any blacklists. At the end of each Credit Report, we write an independent opinion about the verified company and issue an assessment of the collaboration risk.
All data included in the report are collected by experienced experts and analysts in our office in China. These are the current data in accordance with Chinese law on the day the report was prepared.
We gather information on Chinese companies from numerous offices, such as:
1.The State Administration for Industry and Commerce (SAIC)
2.Customs House
3.Social Security Office
4.Office of Surveillance
5.Banks
6.Provincial and local registration offices
7.Local Chambers of Commerce
8.and others.
We also search for suppliers, conduct factory inspections, prepare commercial contracts, and many more. We always propose action steps tailored to the client’s needs. Thanks to many years of experience, we know how to carry out and secure your transaction.
