ICIL Business Information of Foreign Companies
Business Information of Foreign Companies
Business Information Report of foreign companies is by different names such as foreign business information report (FBIR), Foreign Credit Report (FCR) or cross border business information report (CBBIR). FBIR/FCR covers such information which helps to make credit decisions about international trade financing. Due to rapid global economic integration under WTO free trade is causing collapse of inefficient manufacturers as a result business failures/bankruptcies are rampart both in developing and developed countries. Business information reports of foreign companies mitigates risk of doing business globally.
State Bank of Pakistan under Foreign Exchange Regulation (FE Manual 2002, CHAPTER XIII) has made it mandatory on banks to check creditworthiness of foreign companies before opening Letters of Credit over Rs 1.5 Million.
ICIL has been providing business information report of foreign companies to Pakistan banking industry and to the exporters community for over 20 years. ICIL have close reciprocator business relation with world most credible, globally operating business information companies based in USA, in European and Asian countries. Under reciprocator, ICIL provide them business information report on Pakistani company and ICIL buy BIR of foreign companies from them.
Some of world major business information companies have given ICIL direct access to their business information database of 50 Million companies of over 60 countries. Using ICIL On-Line Service, ICIL customers can have access to ICIL database of foreign companies as well access to business information database of ICIL global partner s to directly download business information of any companies of any country of the world.


