Package of Financial Reports and Legal Reports 12 Months

1. FINANCIAL REPORTS

The subscription includes unlimited monthly access to the following types of reports:

- Financial Rating

- Trade Limits

- Probability of Insolvency

- Outstanding Debts to the State Budget

Financial Rating is a system by which each company is assigned a qualification: very good, normal or low depending on the financial results and relative to the industry of which it is a part.

A very good rating means that the company has a high capacity to pay its financial obligations in the next period, compared to a low rating that shows us that the company is in an unstable financial situation.

The information is critical to determine if a company is an important player in the field in which it operates, a leader in the industry or if it meets the necessary criteria for establishing contracts.

Trade Limits represent the maximum amounts for which you can give goods or services with term payment. If too much merchandise is sold compared to the availability of payment, there is a risk of not collecting the respective amounts.

The Trade Limits indicate a maximum working ceiling between companies so that the supplier does not provide goods or services disproportionate to the client's ability to pay. In this way, the supplier can avoid the risk of non-payment by customers.

Checking the Report is extremely important to limit the risks of non-payment of invoices, the limits being granted depending on the financial situation and history of each client. If the promissory notes and checks are not paid on time, the company will be registered in the Payment Incidents Central.

The limits are differentiated according to the usual payment terms. Thus, a period of 30 days carries a much lower risk of non-payment than a period of 90 days.

The limits are determined on the basis of financial indicators and can be adjusted according to the desired degree of risk.

Probability of Insolvency shows the probability that a company will no longer be able to pay its financial obligations to the company's creditors, respectively to suppliers and financial institutions.

A high probability definitely indicates a high risk for the company, but it does not represent a certainty that the company will enter insolvency.

The report includes a statistic on the number of companies by insolvency group, which serves to position the company from the point of view of probability in the total number of companies. Thus, it can be established whether a company is placed among those with high risk or among those with low risk.

Outstanding Debts to the State Budget are the debts that the company registers with the State Budget. The larger these debts are, the more difficult their payment is, and the risk of blocking the accounts is imminent.

The outstanding debts to the State Budget are relevant considering that they can attract the seizure (blocking) of the respective company's accounts until the outstanding amounts are met. Thus, outstanding debts represent a major operational risk.

2. LEGAL REPORTS

The subscription includes unlimited monthly access to the following types of reports:

- Shareholders and Administrators

- Instance Lawsuits

- Insolvency Bulletin

- Official Monitor

- National Registry for Movable Properties (RNPM - AEGRM)

- Activity Domains NACE

- Secondary Offices

The Shareholders - Diagram Report includes the shareholders of the searched company, their share of participation and the diagram of shares held in other companies.

The report is necessary in establishing the identity of any company through the lens of the persons qualified to represent it. This report eliminates the risk of concluding contracts with persons who do not have the capacity to represent the respective company.

The Trials in Court report provides information about the lawsuits of any company before the courts and details about them: the quality of the party, the object and the solution of the file.

The Insolvency Bulletin report shows whether the insolvency procedure has been triggered for any company in Romania and has been closed, or whether there is currently an open procedure according to official records.

The Official Gazette report contains all the information regarding shareholders and administrators, workplaces, registered offices or any other legal changes.

The report is necessary to establish the identity of any company, as well as the persons qualified to represent it. This report eliminates the risk of concluding contracts with companies that have been deregistered or with persons who do not have the capacity of representative.

National Registry for Movable Properties (RNPM - AEGRM)

Report for Secondary Offices

The report of Secondary Domains NACE 

CIP Online , Recom and Extended Financial Data  Reports can be accessed based on a RisCo Credit Package.