WORLDWIDE ONLINE CREDIT REPORT
Business report is an updated, well researched, analyzed & presented report. It is a value added report which is different from an ordinary company search. Company search just comprises of only statutory company information which is limited. Whereas a business report gives a complete picture of the profile of the company including information that is not generally available on public records.
Business report is available online now at BASISNET (www.basisnet.com.my). Clients can have instant & online business check on millions of companies worldwide. BASISNET is an important credit management tool that assist clients to reduce their credit risk.
 Why Credit Report Is Important?
Comprehensive Write Up
- Statutory information obtained from Registry Office.
- Business check on legal actions, winding up petition, wound up cases and defaulter's information on a company.
- Information obtained from the interview with the company's management which are not readily available and this includes its suppliers' information on its payment records, clientele, operations, recent development and current investigations.
- Financial accounts, key ratios and financial analysis.
- Economic and industry outlook of the country.
- Professional and well trained Analysts’ comments and recommendation.
Business Rating
- Business appraisal on the company to determine its credit worthiness.
- An appendix is attached to the business report clarifying the criteria taken into consideration in the rating process.
- A guideline for determining the company's credit risk and amount of credit to be granted.
Convenient & Time Saving
- As business report provides most of the essential information on a company, it will be very easy for our clients to study or make use of the information in the report. Our clients may save significant time and cost in collating and analyzing the data.
Up-Dated Information
- An interview with the senior management of the subject company is necessary. Interview is conducted and through this process, we are able to provide you with the latest information which may not be available at the Registry Office and we will update the registry's records accordingly. Furthermore, through the interview, sometimes we may be able to get a copy of the latest financial accounts from the subject company even it is yet to be lodged with the Registry Office.
Site Visit
- A personal site investigation will be conducted if necessary. This is to ensure the existence or activeness of the subject company. There are about 50% of the companies registered with the Registry Office are either dormant or struck off by Registry Office or wound up. Thus it can be very risky to conduct business with these companies.
Independent Advice
- BASIS as an independent credit agency will provide independent advice or comments. There is no conflict of interest.
- Business report is a good supportive source to supplement major decisions like credit granting, reviewing of account, purchasing and other important business decisions.
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Features in the Reports
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