No judicial bulletins publish company records or liens and judgments. Court records are registered and filed manually. The judicial process is slow, complicated, and costly making tough collections more difficult. The citizen record system is poor and repositories of credit information nonexistent. Personal credit reports are little more than a verification tool.
Delays are common.
Agencies rely on trade references supplied by the subject companies, who often respond slowly and only list their best-paid vendors. Payments are made by letter of credit, documents against acceptance, documents against payments or bank transfer, usually within thirty days. Owens OnLine, Inc. a worldwide credit reporting agency, providing credit reports on Indian companies and individuals. The Credit Manager is an eight page, monthly newsletter serving the commercial credit and collection community. Inc. All Rights Reserved.