Usually, when checking a counterparty before a deal, everyone looks at the data from the EGRUL/EGRIP extract – annual revenue figures, number of employees, or at the legal purity of the company – participation in industry email list courts, presence of enforcement proceedings, etc. Of course, this is important data when collecting information about a counterparty. But there are other ways to determine the honesty of a business partner or b2b client.
For example, information about movable property. The an indicator of the counterparty’s vehicle fleet of a legal entity allows you to learn more details about the company with which cooperation is planned.
Based on the data on the vehicles owned by the counterparty, you can estimate:
- The reliability of the company as a potential counterparty,
- The financial position and solvency of the organization as a borrower or client,
- Cost of material and technical assets.
Of course, an advertising agency or an IT company does not have its own fleet of vehicles, so this indicator is not so important for this area. But when it comes to logistics and transport companies, car dealers, taxi services and car sharing services, the number and composition of cars becomes one of the key characteristics of the company.
Number of vehicles and composition of the fleet when choosing a transport company
In particular, information about the vehicle fleet is important when it comes to choosing transportation contractors. The company’s website may proudly an indicator of the counterparty’s display the inscription: “Company vehicle fleet 1000+”. But often this turns out to be just a marketing ploy or just a nice number. In reality, the company may have significantly fewer vehicles than stated, and it may implement some orders with the help of contractors.
Sometimes a more thorough check is require – you need to find out not only the total number of vehicles, but also what specific vehicles they are and how much they cost at the average market price. There are frequent cases when a contractor-carrier an indicator of the counterparty’s deliberately provides customers with incorrect information about the composition of its vehicle fleet and engages in risky transportation using outdate vehicles and those in poor technical condition.
The organization’s vehicle fleet as a factor for assessing borrowers
When assessing the solvency of companies closely relate to the auto market, the vehicle fleet is one of the most significant indicators of the financial position of a legal entity. The composition of vehicles can help banks and other a convenient way to purchase products financial institutions assess the solvency of borrowers in business lending programs. Base on data on the organization’s vehicles, it is possible to build scoring models for making decisions on issuing a loan to companies from a specific industry – logistics, car dealers and others, whose activities are significantly affecte by the composition of the vehicle fleet.
Retrieving data on vehicles register to a company using SpectrumData
So, let’s return to the question “Is it possible to find out which cars are registere to a company?” Unlike information about an indicator of the counterparty’s an individual’s car ownership, the composition of an organization’s car fleet is not classified information or personal data.The SpectrumData solution simplifies the process of assessing the vietnam data reliability of counterparties by obtaining data on vehicles owned. In just a few seconds, users of the SpectrumData online platform receive complete information about the counterparty’s vehicle fleet. To start the check, only the company’s TIN is require.
We have 2 options for obtaining data about the company’s vehicle fleet:
- Option #1: Total number of vehicles currently owne and the number of vehicles the company has owned throughout its existence (vehicle ownership history)
- Option #2: Which specific vehicles are owned by the company at the time the check is launch (VIN list + require specifications upon request)
At the time of writing this news, data on an indicator of the counterparty’s companies’ vehicle fleets is available in 2 formats – via the SpectrumData API and as an upload. We will soon add the ability to check counterparties in the Personal Account, including launching checks of legal entities’ vehicle ownership.