Credit Information Bureau of India (CIBIL), the first credit information providing agency of India will now be offering company credit information report (CCIR) for individual companies.

So far CIBIL was only into providing credit information of loan applicants to banks and lenders so that they could judge the credit worthiness of the prospective borrower.

The CCIR will be available for a fee of Rs 2500. Payment process is facilitated both online as well as through demand drafts.

The report will comprise of a monthly record of the debt related exposure of the company as well as its payments.

This would include cash credit, overdraft facilities, loans of all maturities, bank guarantees, letters of credit, packing credit, deferred payment obligations, forward contracts and any other debt exposure of the company.

The CIBIL database holds records of more than 70 lakh companies.

Through these reports, companies can judge their chances of loan approval from any lender as well as detect and rectify deficiencies in their mechanism which might come in the way of their loans getting sanctioned by banks.