Business Model and Operations

Risk Appraisal Reports and ratings in depth
Use of counterparty risk appraisal reports and ratings are integral to the risk management, KYC, due diligence, compliance and decision-making processes of companies in the shipping industry looking to work with new partners, set up new lines of credit or explore new markets.
- Corporate Status, typically including: - Confirmation of legal entity existence, status and name - Details of primary registration and place of domicile - Clarification of ownership, including ultimate beneficial ownership (UBO), shareholders, nominees, directors, key management and other controlling interests to support KYC verification - Details of group companies and affiliates - History from incorporation - Other geographic locations/ registrations/ business names - Staffing and headcount distribution - Financial Information, typically including: - Latest available audited financial statements (in local currency - US dollar conversion will also be provided for convenience) - Relevant highlights from profit and loss statements, balance sheet and notes to the accounts - Highlights from interim results - Consolidated accounts of the parent company - Business and Market Data - Clarification of main lines of business and activities, scale and scope, how and where they operate and actual/target segment/ clients - Analysis of current position in the market - Highlights of business model and operations, including in relation to group entities and affiliates - Fleet List (where applicable) - Available information concerning strategies/ future plans/ potential changes of direction or control - Sanctions and other Due Diligence checks - Negative and positive results from sanctions screening against official lists (indicating lists checked and dates). These typically extend to the target entity and other key parties - shareholders, directors, parent entity and UBOs - Additional checks to identify other potential deficienc...