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Studying business partners and competitors

Ukrainian market, in spite of its rapid development, is on the stage of its formation. While the period of market formation such phenomena as the insolvency of partners, unfair competition, fraud in the credit and financial relations, criminalization of business, undoubtedly pose significant threats and risks for any company.

Practice shows that leaders and owners of companies have to solve such issues as:

• Is it worthy to enter cooperation with exact company?
• What bank is the account  to be open at?
• Should we issue credit to this or that client?
• How strong is the position of our competitor?
• Should we trust the new client?

On correctly selected answer and decision it will depend not only the success of a particular transaction, but sometimes the existence of the company. While choosing a partner, bank or client it is dangerous to rely solely on personal experience, intuition, or scraps of information. To save money and the reputation of your company, you should check business partners to know about them as much as possible. Consulting company, SIDCON has accesses to a huge amount of commercial and government databases (domestic and foreign), the world's computer networks, the ability to quickly learn of many years archived domestic and foreign press, investigative journalism, a wide network of media partners around the world. It allows the experts of SIDCON to do almost all incoming information inquiries about “Study of the companies” at the highest professional level and to the extent the Customer requested.

The information on domestic and foreign partners and / or competitors typically includes the following components:

• Address and registration information. Based on information of  this unit you can not only verify the existence of a particular company, but have a general idea of its business activity; to confirm or deny the legitimacy of its activity in the market, verify conformity of its declared and real data, etc: name; business legal structure; address data: registered location, corporate office, phone, fax; registration data: place and date of registration, registration number, tax identity code; authorized capital; founders; types of activity; servicing banks and accounts; responsible executives; subsidiaries and branches; incorporated participation in activities of other companies; external economic activity.
• The current financial status. Based on the available annual balance sheet of the company, the profit and loss statement and other documents of financial statements for several periods it is carried out the analysis of financial condition and credit worthiness of the company: indicators of annual production volumes, sales and profits, the structure of fixed and current assets, short-and long-term liabilities, the dynamics of accounts payable and receivable; comparative analysis of financial and economic indexes for over several periods.
• Background and reputation of the company. The information in this unit contributes for the general idea about the company and decision whether it is expedient to cooperate with it: the history of the formation and development of the company; goodwill; reputation and business skills of managers; involved into legal proceedings, arbitration cases, cases of conflicts and scandals round the company, links with the criminal structures, ownership of real estate property.

Business information

For success positioning on the market any company needs a complete and accurate information about customers, partner firms, competitors, about goods produced by this/that branch of industry, goods market, stock market, investment opportunities, etc. The other words, business information is required. Business information is of particular importance for the firms planning to issue new products or entering new markets. In this case we are dealing with the information on potential partners and customers.

Consulting company, "SIDCON" offers a qualified search, selection and vetting of potential partners:

• suppliers;
• partners for co-production;
• distributors;
• partners on business research and corporate development;
• partners within investment projects.

To reduce the risks in the course of making important marketing decisions in business, specialists of SIDCON conduct specialized marketing research in the following areas: markets (structure, capacity, sales dynamics, market conditions, risks and trends, etc.), competitors (strong and weak positions, market share, potential) consumers (motivation of the consumer’s behavior and its determinants), the internal capacity of the enterprise. The concrete result of the market research is the most comprehensive information on the issues of the interests of the customer, which helps to make choices and to successfully implement the strategy and tactics of the company.

Our company has the capacity to get and process information in all spheres of human activity from a huge number of domestic and foreign databases. The company has automated archives wherein exclusive information about perspective directions of domestic and foreign economy, on the banking sector, about modern scientific and technological trends and the largest producers of goods and services is accumulated.