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Safe Trading  

Become a Verified Supplier

 

All Traders with the verified trader symbol have been classified as safe to do business with.

Our consulting arm ADS Global Services carry out due diligence on every company with the verified trader symbol.

 

ADS verification procedure involved a due diligence test on the a supplier to ensure that the company is genuine commercial concern and that it has the capacity and financial capacity to carry trade in the commodity that it is listed under. The following are the methods used by ADS to verify. Please be aware that the verification is on annual bases and therefore the buyer must be aware that it may be necessary for him/her to complete his/her own due diligence test.


ADS Verification procedure:

Checks on main board directors:

  • Credit checks
  • Experience in the industry


Company Checks:

  • The most recent three years accounts to establish the financial management strength. Checks will be made by comparing the following ratios to competitors gross profit ratio, growth in turnover, Net earnings, and stock turnover ratios
  • Assess the liquidity of the company
  • Assess the gearing of the company
  • Assess the net worth of the company
  • Valid Public Insurance and Product liability Insurance (but not adequacy checks)
  • Public liability Insurance for Transportation (but not adequacy checks)
  • Internationally acceptable quality standard for the product


There will be similar test done on all subsidiaries and associated companies if any within the group

The verification is to be renewed annually.