Financial information: its importance in relationships between economic entities
For every economic entity, it is important to have reliable information about other entities with which it has financial, production, cooperative, trade, or other relationships. Basic data about the company can be found in its financial statements. The information in the financial statements is necessary for external users of information (banks, creditors, the Tax Inspection, audit firms, statistical institutions, etc.).
Providing false information about the company misleads its users.
Each company must show the actual value of its assets and liabilities in its balance sheet. These indicators allow us to assess the company’s ability to repay its debts.
We provide the following information about the company:
- Name of the legal entity;
- Legal form of the legal entity;
- Registered office of the legal entity;
- Identification code of the legal entity;
- Register in which data about the legal entity is collected and stored;
- Assets, revenues, profit of the legal entity;
- Liabilities of the legal entity;
- Bodies of the legal entity;
- Members of the governing bodies of the legal entity (name, surname, personal identification code (legal entity code), place of residence (registered office));
- Members of the governing bodies of the legal entity and participants of the legal entity, authorized to enter into contracts on behalf of the legal entity, their rights and signature samples;
- Branches and representative offices of the legal entity (names, codes, registered offices, members of the governing bodies of branches and representative offices);
- Restrictions on the legal entity’s activities;
- Legal status of the legal entity;
- Termination of the legal entity’s activities;
- Dates of changes in the register data and documents of the legal entity.