Business Verification Services

Forging new business alliances, long term trade partners and business to invest, having a reliable business intelligence is an important tool. Furthermore, entering a new market, especially the one as dynamic and rapidly growing as India, needs more preparation than just learning the local business structure. A thorough and critical assessment of potential partners, suppliers, buyers or acquisition targets, as the case may be, is very important to ensure compliance with local laws, good financial health, and overall credibility.

We, at ILO Consulting, provide comprehensive support to our Indian and foreign clients with in-depth business verification services that protect them against unforeseen liabilities and potential legal pitfalls. Through a detailed background check and due diligence of public records of target business, we equip clients with crucial insights like size, strength, compliance status, financial stability, ongoing legal disputes, that help them make informed and risk-averse decisions.

Benefits of Business Verification:

• Helps you avoid getting into business with non-compliant, financially unstable or illegitimate companies
• Safeguard you against unforeseen future legal risks and liabilities
• Ensure that the potential investment or transaction is secure, safe and aligned with your business objectives.
• Gives you comprehensive understanding of the business landscape, allowing you to proceed with clarity & confidence

Our Services include:

• Public Record Checks

We conduct a thorough examination of the publicly available records to verify the status, credibility and legitimacy of the target business ensuring that you are partnering or investing in a genuine and credible entity. It also helps in lowering the risk of entering into any crucial contracts with companies that are not active or may have hidden issues for instance, legal problems or incomplete registration.

• Company Size and Financial Health

By analysing the historic and latest financial statements and other public financial records, we provide important insights into the company’s operational capacity and financial health. This helps you to understand whether the company has sufficient resources to meet its commitments and gives you confidence in the stability and scalability of the business, especially in high-value transactions or long-term trade partnerships.

• Compliance Verification

Verifying the incorporation documents is not sufficient to determine the legitimacy and credibility of the company. We need to examine its adherence to regulatory and statutory compliances such as tax regulations, labour laws, and environmental obligations. Meeting these compliances on regular basis not only reflect the intent of the company but also protects you from any potential penalties or financial risks that could arise post-investment or partnership.

• Litigation Research

We screen the civil, criminal, and bankruptcy records available at various judicial platforms to determine whether there are any ongoing or legal disputes involving the company or its promoters. We also analyse the past litigations that could damaging for the future business operations. This helps you avoid entering into agreements with companies that are or have been involved in litigation, which could have significant adverse implications for your partnership or investment. Knowing these risks upfront allows you to make more informed strategic decisions.

• Liability Assessment

We evaluate any pending legal or financial liabilities of the target company for instance, outstanding debts, fines, or legal actions. This is important to ensure that you are not inheriting any unknown risk, especially if you are considering acquisition, merger or ant other long-term strategic alliance.

• Feasibility Assessment & Risk Mitigation

We conduct a detailed analysis of the company in which you are interested to invest or is planning to form a trade relationship, identifying potential red flags like operational inefficiencies, legal risks, or financial instability that helps you mitigate the risks ensuring that your business decisions are legally sound as well as operationally feasible so that you don’t end up causing financial or reputational damage to your business.

Whether you are an Indian company looking to expand within the country or a foreign entity entering the Indian market for the first time or engaging in a high-value contract or transaction with unfamiliar organization, its crucial to have all the necessary facts at hand. ILO Consulting serves as your trusted advisor, providing clear and actionable reports for all types of business ventures that helps to minimize the risks and enable you to pursue the new opportunities with more confidence.