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Append below a simple credit evaluation checklist:
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What Do We Evaluate

What Do We Look For

Sources of Information

Who are the directors

Director(s) name & Identification or Passport

Form 49 (Malaysia) - filing in Registrar of Companies

Majority shareholders

Is this a subsidiary of a more reputable company? […]

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Understanding the infamous “Romalpa case” will further assist us to tighten our terms and conditions. If we recalled, the Romalpa case relates to the reservation of title clause.
It either states:
Clause 1: Ownership to the goods does not pass until the goods […]

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In credit management, never underestimate the need for proper documentation. This is especially so when we are thinking of suing delinquent debtors. Without proper documentation, all is practically lost.
It’s important to bear in mind the following points:

the name of the customer […]

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In the Credit Evaluation, the 5 Cs that should be considered are:

Capital: Ability to pay
Character: Willingness to pay
Capacity: Ability to turn business into profit
Condition: Business […]

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Below demonstrates the various stages of the litigation process that the Credit Manager or Controller will usually have to go through:
1. Letter of Demand
On the instructions of the Company, the lawyer writes a Letter of Demand (LOD) to the debtor. […]