Checking Your Supplier’s Financial Standing and Credit History
The Credit Audit (CA) evaluates a company’s financial stability and credit history, focusing on potential financial risks. It involves collecting data from official sources such as government databases, financial institutions, and other relevant channels to assess a supplier’s creditworthiness. This analysis helps businesses gauge the risk of engaging with a supplier based on their financial standing.
When you are planning to start important cooperation with either the new or existing suppliers, QC China Credit Audit can help you have an understanding about the most updated financial standing of the factory.
Below aspects can be included in a Credit Audit:
The Credit Audit’s price is 298 USD/company. The report will be issued within two weeks after the receipt of the booking confirmation.
Values included:
If you’re looking to assess the financial stability of your vendors, we recommend the Credit Audit service. This audit doesn’t require visiting the supplier’s site but provides a comprehensive financial analysis based on official data, including credit ratings from banks and local government tax bureaus. This helps you choose trustworthy suppliers by offering an in-depth look into their financial history and creditworthiness.
Please inform your QC China account manager about the correct name of the company to be audited. It will be much better if you can provide the Chinese name which is the same as the name registered on its business license.
You will be assigned a dedicated account manager as your main contact at QC China. They will promptly respond to any questions you have regarding the Credit Audit process, ensuring smooth communication and support throughout the audit.
It’s not a required process in the Credit Audit arrangement. Feel free to decide whether to inform the factory or not.
QC China Credit Audit report is available in PDF format within two weeks after the receipt of the booking confirmation.
Please don’t hesitate to contact us whenever you have any questions. The QC China team is always available even after the audit is completed.
Besides Credit Audit, QC China also provides other services like pre-shipment inspection, during production inspection, container loading supervision, production monitoring, factory audit, social compliance audit, laboratory testing, product certification, etc.
Contact us today to discuss your quality control requirements and how Quality Control China can help you ensure the quality of your products in Asia.
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