CIBIL Commercial Report

A Business Credit Report provides a detailed analysis of a company's or MSME's finances that helps a lender assess its creditworthiness and credit history. Also known as the Company Credit Report (CCR), it is generated based on the credit information submitted to TransUnion CIBIL by lenders across India.

The business credit report contains past financial activities or transactions, including all credits and repayments along with the GST details of the company or enterprise. These details are submitted to CIBIL by lenders that have provided funds to the company or where the company has applied for credit in the past.

Lenders pull your CCR at the time of loan application with any bank or NBFC. This report gets refreshed every 7 days and the GST report is refreshed every month.

Components of CIBIL Company Credit Report

A CIBIL company credit report consists of eight major components that help lenders decide if the credit application needs to be approved or not. These key components of your CCR are mentioned below:

1. CIBIL Rank and certificate issue date.
2. Company Profile containing the details of the company, address and key contact details and related parties associated with the company.
3. Report Summary containing the CIBIL Rank, credit facilities availed by the company, credit facilities guaranteed by the company, adverse information, payment regularity, working capital utilisation, current exposure and exposure trend.
4. CIBIL Rank details
5. Credit enquiries in the last three months and those in the last 24 months.
6. List of Credit Facilities - Both open and closed including delinquent ones.
7. List of Credit Facilities as Guarantor - Both open and closed including delinquent ones.
8. Credit Rating Summary assigned by external accredited rating agencies.

A business credit report depends on several factors. Let us discuss some of the most important factors that help CIBIL to generate ranks.

CIBIL Rank is a summary of a company's past financial behaviour. It ranges between 1 and 10 where 1 being the best rank that the company can achieve and 10 being the lowest rank.

A CIBIL Rank is available to companies having active credit exposure ranging between Rs. 10 Lakh and Rs. 50 Crore. In case the credit exposure does not fall in this range, a company can get its rank as NA. It, however, does not bring the credentials of a company in the negative fold and they can still be eligible for numerous loan options.

Suggested Read : What is a CIBIL Score

A CIBIL Rank is calculated based on past credit repayment behaviour of the company and credit utilisation. This information is provided to CIBIL by lenders from all over India that provide credit facilities to businesses, enterprises, companies, etc.

CIBIL calculate the rank of each company based on the proprietary model developed to best analyse the risk of offering loans to them.

Suggested Read : How To Calculate CIBIL Score

CMR or CIBIL MSME Rank is assigned to micro, small and medium enterprises to analyse the risk associated with granting them loans. CMR-1 is considered the best rank and CMR-10 indicates the most risky credit profile of the enterprise.

CMR enables the lender to evaluate creditworthiness in an objective manner that helps them reduce the turn-around time of the loan approval process. It also helps lenders in adopting the rule-based loan enhancement or renewal.

Lenders also use CMR for risk-based pricing enabling entities with a better CMR to get low interest rate loans and pre-approved offers. It also enables them to place rule-based limit settings for the approved credit line.

Suggested Read : Apply for MSME Loan Online

CIBIL MSME Rank depends on the following factors:

GST report in the Company Credit Report (CCR) is accessed from the GST portal. Banks get most of the information required to evaluate a business loan application from here so that the eligibility can be checked in the least turn-around time.

One is required to conduct GSTIN authentication at the time of registration to access the GST details in the CCR. This GST report can be refreshed once every month.

Suggested Read : GST Registration

CIBIL provides consumer credit reports or credit information reports to individuals and company credit reports to businesses and enterprises. Let us find out how both reports are different from each other.

CIBIL score and CIBIL Rank are two different numbers assigned to entities under consideration. Let us understand how both terms are similar or different.

CIBIL Company Credit Report plays an important role for businesses, MSMEs and other small entities that want to gain access to credit for running their businesses smoothly. Let us understand the importance of the CCR in the industry.

Getting a business credit report is, however, not as simple as gaining access to one's CIBIL credit report. As a business involves several stakeholders, getting a business credit report needs several documents and details. Let us find out the prerequisites to get a business credit report on CIBIL's platform:

1. Customer’s full name and mobile number are required
2. Company GSTIN details are also needed to be provided
3. GSTIN username and OTP needs to be provided
4. Company PAN is also required

Suggested Read : Apply Business Loan Online

A company credit report provided by CIBIL can be accessed only by authorised personnel apart from a lender who can pull the report only at the time of credit application approval initiated by the borrowing entity.

An authorised stakeholder of the company having access to the mobile number and email registered with the GST portal can access the company credit report. This is because CIBIL verifies the authenticity of the application by using the OTP-based verification through the GSTIN portal.

Any individual not having access to the registered mobile number and email won’t be able to pull the business credit report of a company. It helps CIBIL ensure the privacy of the company’s past credit behaviour.

To get the business credit report online, one can follow the steps mentioned below:

1. Provide full name, mobile number and company GSTIN
2. Now validate your company details fetched by CIBIL from the GST portal
3. Verify your identity by entering the GST portal username with which the company is registered on the portal
4. Authenticate the identity by providing the OTP sent to the mobile number and email ID registered with the GST portal
5. On successful authentication, one can access the company’s CIBIL Rank and the detailed credit report and GST details.

There may be instances where you find some errors in your credit report. It may have occurred due to some administrative errors at CIBIL’s or the lender’s end. In case you find such an error, you can raise a dispute with CIBIL by following the steps mentioned below:

Step 1: Login to the CIBIL portal using your email ID and password. Alternatively, click here

Step 2: Fill the Online Dispute Resolution Form and provide all details that need to be corrected

Step 3: Review all details and submit the form for processing

Step 4: As soon as the form is submitted, CIBIL mentions “Under Dispute” against relevant sections

Step 5: Based on the type of dispute, CIBIL raises the issue with the lender for clarification

Step 6: The lender can either accept or reject the dispute and send its response to CIBIL

Step 7: In case the dispute is accepted by the lender, CIBIL updates the details and makes the required corrections in the credit report

Step 8: In case the dispute is rejected by the lender, CIBIL makes no change to the report and removes “Under Dispute” from the relevant sections

Suggested Read : How to Raise & Resolve CIBIL Dispute

Consumers can contact CIBIL to get their issues resolved through various modes as mentioned in the table:

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