TOOL 3.0
| Source | |
|---|---|
| 1. Chamber of Commerce | • Is the company properly established/registered? |
| 2. Fiscal authority | • Who are the Directors? • Do we have any public access to fiscal records/tax returns etc.? |
| 3. Asset/security registries | • Have assets/contracts/cash flows been formally pledged/charged as security |
| 4. Credit/trade reference agencies | • Has the company’s rating been changed recently? • Is there any history/evidence of payment disputes/delays/defaults? |
| 5. Trade and other creditors | • CARE – do not alert other creditors to problems they are not aware of • If possible check payment history/trend • Do supply contracts contain retention of title rights? |
| 6. Customers and other debtors | • CARE – do not alert important clients to problems they are not aware of • If possible check quality/service/delivery/performance information |
| 7. Industry (branch) advisors | • Compare company performance against that of the competition • Understand industry dynamics/drivers • Determine company position in the industry/market |
| 8. Auditors/accountants | • Have the auditors changed recently? |
| 9. Stock brokers/investment banks | • Have brokers prepared recent reports on the client or the industry/market? |
| 10. Press/media | • Check recent press articles in national/local press • Are there publications specific to the industry which could be helpful? • Treat press reports with caution and always look to verify information before taking action |
| 11. Rating Agencies | • For larger clients, have the rating agencies changed their rating/outlook? • Have the rating agencies produced any industry/market reports? |
