The financial condition of any company can be assessed through the analysis of key indicators and ratios. The main goal of such an analysis is to determine the level of solvency and reliability of the counterparty. This helps to build a strategy for interaction with partners and make the right management decision.

The financial statements of companies can seem complicated and intended only for accountants and auditors. In fact, its main indicators can be quickly read and understood even without deep knowledge in accounting. The main thing is to know where to look and how to interpret the figures.

The financial statement is a mirror of business.

It indicates the following:

For partners and counterparties, the financial statement is a source of information about the reliability of the company, its sustainability and prospects.

In Russia, there are two main statements:

Additionally, Cash Flow Statement can be used, but two main forms are sufficient for express analysis.

In order not to get confused in dozens of lines, it is necessary to highlight several key indicators:

To simplify the analysis, you can ask three basic questions:

1. Is the company making or losing money?
Look at profit.

2. Is the company growing or shrinking?
Compare revenue for several years and the size of assets.

3. Is the company reliable or overloaded with debt?
Assess the balance between own funds and obligations.

By answering these questions, you can get an overview of the financial situation of the business.

Financial statements are not only a set of numbers, but a convenient tool for assessing the reliability of partners. If you learn to quickly highlight key indicators, then in 5-10 minutes you can understand the general state of the company and make a more informed decision on cooperation.

The Information and Analytical System Globas allows you to conduct an in-depth check of the financial condition of a counterparty, identify a temporary loss of solvency and conduct broad analytics on all forms of financial statements.

Globas has everything for a high-quality financial analysis of the counterparty, including all the indicators and ratios described in the express method. In addition, for quick check of a company, the functionality of automatic assessment is available: Analytical Financial Report and Globas Indexes will always inform about the current state of the company.

The UAE is one of the largest trade and logistics hubs in the world. Commodity flows between Asia, Europe and Africa pass through the Emirates, and local companies actively offer intermediary services: from complex logistics to re-export. This dynamic makes the market attractive, but at the same time increases the risks when choosing partners.

To reduce the likelihood of financial, reputational and legal consequences, it is important to carefully check the companies and understand the specifics of doing business in the region.

Business in the UAE is a combination of great opportunities and high risks. Companies can be very effective, but due to the peculiarities of licensing, the model of work and the non-transparency of the ownership structure, there is a need for more thorough verification.

To conduct trade and logistics activities, companies need to obtain special licenses. The main types are:

Each license has a validity period and must be renewed regularly. Late renewal or a limited set of licenses are often an indicator of risk.

The trade and logistics sector in the UAE is represented by different types of intermediaries:

Working with trade and logistics companies in the UAE is fraught with a number of specific risks.

Many companies claim to have a logistics infrastructure, but actually use someone else’s warehouses or work through virtual offices.

Risk assessment: verification of lease agreements, on-site inspection, request for supporting documents.

Large commodity flows pass through the UAE, including products subject to sanctions. Working with such intermediaries can lead to secondary sanctions.

Risk assessment: verification of goods by codes and names using the Sanctions compliance in Globas.

There are frequent situations when, after making an advance payment, the company disappears or delays delivery.

Risk assessment: use bank guarantees, step-by-step payments.

Some intermediaries act only as a "gasket," actually transferring transportation to third-party companies. This increases the likelihood of breakdowns, mistakes and claims.

Risk assessment: analyze the supply chain, clarify the final executors, fix the obligation to disclose subcontractors in the contract.

The company may be listed in sanctions lists or other negative registries (for example, related to terrorism), which is fraught with criminal and administrative consequences.

Risk assessment: use the tools of the Sanctions Compliance in Globas to screen through the international lists of sanctions and restrictions, and identify links following the 50% Rule.

Checking counterparties in the UAE requires an integrated approach. A simple check on registration data is insufficient here, since many intermediaries can only exist "on paper" or work through subcontractors.

Key methods that help reduce risks:

In the UAE, there is no single centralized register of companies. Registration is carried out both at the level of federal bodies and at the level of free economic zones (Free Zones). The following is important for verification:

The intermediary must have licenses for:

It is important to request copies of these documents and verify their authenticity through official portals or directly with licensing authorities.

One of the weak points of the market is companies that claim to have warehouses and logistics capacities, but actually use third-party resources. Therefore, it is necessary:

Companies engaged in re-export should have work experience with customs. Requesting information about the turnover history and supporting documents helps to understand the real volume of transactions. Lack of history could be a sign of a shell company.

It is recommended to analyze:

Information Agency Credinform and Information and Analytical System Globas will help solve the problems of due diligence when checking international business partners, including those from the UAE. Credinform is a leading provider of economic information on companies from around the world.

In Globas, online reports can be requested for more than 580 million companies from Europe, America, Africa and the Asia-Pacific region. Basic information about companies worldwide is provided.

For a more detailed check, you can place an order for fresh investigations, which are prepared by Credinform experts. Offline reports contain key data, including registration data (date of registration, registration number, status), contact details, management, shareholders, types of activities, authorized capital, financial statements if available, banks, etc.