What About A Credit Report On A Company
In Nigeria?
Thinking Of Doing Business In Nigeria?
…..you need CBS Credit Report
What Is A Credit Report?
- An assessment of company business reputation/credibility
- An assessment of its internal and external environment
- It is an external comment about a company’s reputation/integrity and credibility in business.
The "Who Are You Information" It Contains
Business Risk
Issues
- Business of the company
- The size and nature of its business
- Status of business success, or prospect of success
Financial Risk
Issues
- Will the company be able to repay its debts in full or in time?
- Status of existing credit obligations
- Financial Risk as to whether the company will have the money to pay from any
source
Management Risk
Issues
- Rightly or wrongly, business might be judged according to the impression its management makes (the people behind the company)
- What is their personal reputation? Can they be trusted?
- Character of reliability in business
- Any personal likeness or respects for the people involved in the business (what are they known for? - expertise, transparency, trust, accountability, etc)
Industry Risk
Issues
- Industry and market understanding of the company
- How the company earns its money (what product or services it sells, where it sells them, and at what price)
- Who are the major competitors?
- Market reputation
Political/Country Risk
Issues
- Is where the company located crisis prone?
- Is company business line politically vulnerable?
- Assessment of the peace, stability of the polity (country risk)
Forex Risk
Issues
- Impact of foreign exchange on the company’s business
- Exchange rate instability and its consequences
- Amount of forex demand and frequency of such demand by the company
- Analysis of forex fluctuations over a period of time
The Use Of Credit Report
CBS Credit Report can be used when considering:
- Merger/Acquisition
- Equity funding (investment)
- Loan funding (borrowing from bank)
- Joint venture project
- On importing company
- On exporting company
- On strategic business alliance
- On credit guarantee arrangement
- Company self-assessment
What You Find in Our Credit Report Information Units:
- Ownership and Management
- Legal Status and History
- Operations
- Financial Information
- An opinion on a specific circumstance
Details
Names of directors, shareholders or proprietors
- Capital structure and shareholdings
- Names and job titles of senior company personnel
Legal Status and History
- Date of establishment or incorporation
- Legal status: Limited liability company, Business Name, Plc, etc
- Registered address
- Affiliated companies
- Historical information, change of ownership
- Credit Appraisal and Conclusion
- An opinion based on the payment experience of trade suppliers, Banks, known public record detail of any court action
Factors We Consider For A Credit Report
- Financial Standing
- Business Performance
- Transaction Reliability
- Management Capability
- Business Integrity
- Industry Reputation
- Product/Service Brand Performance
CBS Credit As A Strategic Tool For Objective Credit And Business Decision
The credibility of (Credit Report) provider organization is at stake. For it to serve useful purpose, the Credit Report:
- Must be accurate
- Must be factual
- Must be free from the subject’s interference
- Must be timely
Report Response Time (RRT)
- 5 working days for report within Lagos State
- 8 working days for report in any other State in Nigeria
How To Contact Us:
All contract proposal letters should be addressed to:
The Managing Director/Chief Executive Officer,
CBS Credit UK Limited
#38, Mount Pleasant, WB 2nd, 209, WC1X 0AP, London, United Kingdom.
www.cbscredit.co.uk, E-mail: credit@cbscredit.co.uk
Tel: +44(0)2072784901, Fax: +44(0)2078333263
International Mobile: 234-803-4030160
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