Our method: how VerifyExact checks and rates companies

VerifyExact gathers records on a company, shows each one with its source and the date we observed it, and gives a rating with the reasons behind it. This page explains what we check, how the rating is reached and where the limits are.

The four layers of checks

Identity

Which company is it, and does it exist as described? We look at the registry record (AHU), the registration numbers (NIB, and the tax number NPWP where available), the legal form, the registered address and the directors and commissioners on record. Facts are attached to a company by registry number. A match on name alone stays unconfirmed until an analyst links it.

History

How has the company changed? We look at changes to officers, address, name and legal form over time, as far as the records show. Legal standing sits in this layer: court cases and bankruptcy or PKPU records, and whether the company or its officers appear on the public procurement bar list.

Operations

Is the company active? We look at tender notices and awards, news and other public signs of activity, and the activities the company is registered for (KBLI codes).

Payment signals

How do companies pay? Payment behaviour is the fourth layer. It is not used in ratings or shown in reports yet. We will add it only after we have an Indonesian legal opinion confirming that it is allowed, and it will never mix one customer's information into another's report.

How the rating works

• The rating is Low, Medium or High, or Limited data.
• It comes from written rules, applied the same way each time. Each report shows the rules version.
• Every rating lists its reasons, each tied to a finding with its source.
• Alongside the rating we suggest payment terms, for example an advance, a letter of credit, a bank guarantee or collateral.
• Limited data means we found too few records to rate the company. It is not a clean result, and it is not a low rating. Treat it as a reason to ask for more documents before you agree terms.
• An analyst reviews every High rating before it is released.
• The text of a report is written to describe findings. The rating itself is set by the rules, not by the text.

Sources and dates

Every finding shows where it came from and when we observed it. Sources are public registers, court and bankruptcy systems, tender and procurement lists, news, paid licensed sources, and documents a company shares with its consent. Registers change after we look, so the date matters. Check the current official portal for anything that is important to your decision.

What we never do

• We never state a verdict about a company, such as whether to do business with it. We state facts and a rating with reasons.
• We never sell personal identity documents, and they never appear in a report.
• We never collect from systems we are not allowed to use. We use public sources, licensed sources and documents shared with consent.
• We never share one customer's confidential input with another customer.

Information, not advice

VerifyExact provides information, not legal or financial advice. For larger transactions, involve your own legal and financial advisers. To see the terms used in company records, read the [glossary](/knowledge-base/glossary).

VerifyExact provides information, not legal or financial advice. For larger transactions, involve your own legal and financial advisers.