Channels Advantages Disadvantages Public media (newspaper, internet) Much information and easy to obtain, cost-saving Possibility of being cheated, not easy to understand Chinese for a foreigner, over-flooded with useless information, time-consuming Chinese friends Reliable and familiar with the local market, cost-saving Limited information and less alternatives, time-consuming Foreigner friends Have similar experience and know exactly […]
The normal practice in China is that most landlords require a two-month holding deposit once the contract is signed and the monthly rental fee should be paid upfront every month. This deposit will be held until the end of the tenancy agreement and refunded according to the terms of the contract. If you terminate your tenancy agreement […]
a)Mission b)Objectives c)Duties Do credit research to collect, assess information of customers, Maintain and update credit information system Supervise potential problematic customers Approve and adjust customers’ credit Approve orders Handle feedback information Respond credit investigation organizations, creditors and banks Check ages of receivables Collect receivables, confirm overdue receivables, push payment and follow up Handle customers’ […]
You need to focus on the following aspects. a) Profit fluctuation as compared to prior years b) Relationships between the compensation to board of directors and sales or profits c) Management discussion and analysis in their annual report d) Non-operating items e) Other irregularities such as qualified auditors’ opinion, significant items in financial statement not in line with […]
You may collect information from the sources as follows. a)the customer to whom you shall grant credit b)industry association or trade promotion committee c)stock exchange d)Administration of Industry & Commerce e)bank f)related government bodies g)customer’s customer h)publications i)a professional firm
a) Control and avoidance of credit risks b) Improvement of financial management c) Preparation of marketing and promotion strategies d) Optimisation of purchase management e) Establishment of credit system f) Preparation of corporate strategy
New customer: investigation should be carried out when credit to this customer is granted. You should not only rely on the information provided by the customer. Periodical investigation: as we are doing business in fast changing environment, periodically credit research is necessary in order to update customer’s information and maintain sound credit management. Increase of credit transaction […]
a) In-depth Analysis Report is to provide deep analysis and insights on target’s finance, production and business performance. b) Business Credit Report is to provide general credit information and comments the target. c) Financial Report is to provide financial information of a target. d) Registration Report is to provide registration data of a target. e) […]
a)Operation and management information Company’s registration information – business license, tax registration certificate, factory registration certificate and operation permit for special industries; history of the company; Associates; Present top management – personal information, organization structures, major shareholders; Equipment status – location, equipments and tools, environment protection, employees training, quality management system and R&D ability; and […]
a)Screening customer’s basic information in a fast and effective way can help to decide whether credit can be granted and whether it deserves to investigate further. A grading system can be used to calculate financial ratios to evaluate customers’financial status or payment ability. b)Credit research is to through various channels investigate the customer’s history (generally for 3years), the […]
