IMEX Company Verification Service is designed to eliminate “payment risk” & “fraud risk” by checking the background of a supplier to ensure that the company being dealt with is genuine, physically exists where it claims to be, is registered with the relevant government organization & to establish its “legal representative”. This ensures that most of the individual sellers claiming to be companies, manufacturers or traders are identified as well as ensures that companies with a previous track record of fraud are verified before any payments are sent to them. A Company Verification may be combined with a Pre-Shipment inspection of goods before paying the supplier to reduce “quality risk”.
- Government Information: We check Government databases as well as other resources to ensure the supplier is legitimate and is what they say. E.g. the report will tell you whether a supplier is a trader or manufacturer (an important issue as most suppliers on B2B Platforms claim to be manufacturers when in fact many of them are traders). We also check how long they have been in business, what products they are licensed to manufacture and other key background information that allows you to make an informed decision.
- Checking Their Track Record: We also know how to verify their previous track record of fraud and check references before you move forward and send them any money.
- Identity of Key Individuals: We verify the identity of the key individuals in the corporation.
- Third-Party Record: We check the company’s standing with other third party organizations.
Advanced Report: ~5 working days