CIBIL also judges creditworthiness of companies and not individuals alone. Company credit reports (CCR) are important in regards to businesses or firms you own, whose financial health comes into play while deciding on a specific loan application. If the company has outstanding amount on it or has many lawsuits against it, then CCR can take a blow, and affect chances of the organization as an asset to get a loan on.
It is a known fact that CIBIL report for a company help financial institutions and banks analyze the organization's credit worthiness and repayment discipline along with its borrowing history. Company credit report is the basis for lender to release loans to it, and a unified report where it's financial journey is duly noted. It is also an exhaustive report which indicates the score assigned, if good can be used to negotiate interest rates.
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