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My5 point guidance is below:
1. Due diligence - track record of promoters / company, credit history, bank inspections
2. Financial performance and debt repaying capability
3. Position in the industry post comparision
4. Projections about the company / industry outlook
5. Turn around time, break-even point and cash flow generation capability of the company for multiple operating cycles
Require a credit application
Check publicly available information
Use credit evaluation tools
Corrections & Amplifications
We probe the customer as much as possible. We should paint the picture with answers provided and find the credit worthiness
