The issue of the counterparty's solvency is an extremely important condition for the successful conduct of commercial transactions. In the meantime, checking solvency is not an easy task, since hardly anyone will advertise low solvency or none at all. How to check the solvency of a counterparty?
Instructions
Step 1
First of all, look for information about the counterparty in open sources, on the Internet, for example, on the specialized website Enterprise Bankruptcy
Step 2
When concluding an agreement, ask the counterparty for copies of constituent documents: charter, certificate of state registration, assignment of TIN, orders for the appointment of a director and chief accountant, an extract from the Unified State Register of Legal Entities (not older than 30 days). In addition, ask the counterparty to provide a copy of the certificate of absence of tax arrears.
Step 3
A lot of information about a legal entity or individual entrepreneur can be found on the website of the Federal Tax Service (https://www.nalog.ru/) using the service "Check yourself and your counterparty"
When preparing for a major transaction, ask the counterparty for copies of financial statements for the last 1-2 years, follow the dynamics, calculate the solvency ratios. Ask the counterparty if they have been audited, ask for a copy of the report.
Step 4
A good source of information is reviews from other businesses that have already dealt with your counterparty. Reputable businesses disclose information about their largest partners, try to contact them and get their opinion.
Step 5
Finally, the officials of the Federal Tax Service of Russia, in a letter dated February 11, 2010 No. 3-7-07 / 84, expressed the idea of contacting the tax authorities for information on bringing the counterparty to tax or administrative liability. This information, according to officials, is not a state secret, and therefore can be provided at the request of organizations and entrepreneurs.
