Company Registration with Sinosure
Sinosure Services - Registration with Sinosure
Company registration with Sinosure is essential for businesses seeking to work with Chinese suppliers on deferred payment terms. This process involves uploading financial statements and key company details to Sinosure's database, resulting in the assignment of a Sinosure ID.
Service Overview
Registering your company with Sinosure involves uploading key data about your business, such as financial statements and essential business details, to Sinosure's database. This information is utilized by the insurance company's underwriter to determine the size of the credit limit that can be approved for your company. It ensures that your company secures the maximum possible credit limit when your supplier applies for a credit investigation to grant your company a trade credit.
What You Get from This Service
- Company Information Uploaded to SinosureYour business will be registered in Sinosure's database with all essential details about your business and financial reports uploaded. This enables you to undergo a credit check and obtain a credit limit when suppliers apply for credit limits on your behalf.
- SinoRating Credit ReportYou'll receive a Sinosure credit report detailing your company's financial health. This report is crucial for negotiating payment deferrals with suppliers. Sharing your credit report with suppliers will bolster your negotiations for deferred payments.
- SINOSURE IDYour company will be assigned a SINOSURE ID. This ID simplifies the process for suppliers applying for a credit limit on your behalf, as they only need to reference this ID instead of filling out extensive paperwork.
How to Utilize Your Registration for Trade Credits
Negotiating with the Supplier
Engage in negotiations with your supplier to agree on deferred payment terms through Sinosure. This can be done independently or you can entrust this task to our company
Send the Supplier Your SinoRating Report and Sinosure ID
Inform your supplier that your company is registered with Sinosure and provide them with your ID. Additionally, send them your credit report. This will instantly build trust with the supplier and facilitate the negotiation process.
Await Credit Limit Confirmation
Your supplier needs to apply for credit limit approval with Sinosure. This process typically takes about two weeks. Once your supplier receives confirmation from Sinosure, you can proceed with transactions on deferred payment terms
Registration Process
Document Collection and Application Form
Fill out the questionnaire and submit financial statements for the last two years. Begin the registration process by completing a detailed application form. This form gathers essential information about your business, which, along with your company's financial statements for the past two years, helps to establish a foundational understanding of your financial health and business operations.
Document Preparation and Registration Initiation
Our team prepares and submits the required document set based on the insurance company's requirements. After collecting all necessary documentation, our specialized team undertakes the preparation of the full document set needed for the registration. We ensure that every piece of information aligns with Sinosure's criteria, smoothing the path for a successful registration process initiation.
Credit Report Issuance
Following the registration process, Sinosure's rating division, SinoRating, issues a credit report on your company. Once the registration procedure is complete, Sinosure's internal rating agency, known as SinoRating, evaluates the submitted information to generate a comprehensive credit report. This report plays a crucial role in determining the credit limit available to your company, marking the final step in the accreditation process.
Contact Us
Book a free online consultation with our specialist.
Axton Global is an international consulting company helping importers worldwide secure trade credit terms with Chinese suppliers.
We serve customers from 82 countries across 5 continents.
info@axtongl.com
We serve customers from 82 countries across 5 continents.
info@axtongl.com