CIBIL (Credit Information Bureau India Ltd) Report is a very important report used by almost all the Financial Institutions who intend to know about the Credit worthiness of their prospective Borrowers.
This CIBIL report is now available for Companies also. This is available for Proprietorship,Partnership,Private Limited Company & Public Limited Company.
You can use this report to evaluate the potential business associates (For example, a new associate in other part of India whom you plan to establish a Business relationship)
The CIBIL report provides the information about the Company, their behaviour with the lending institutions, their debt position, pay back pattern, guarantees provided by them etc., which are vital for any business entity intending to enter into business relationship with others.
As privacy laws in India prevent the CIBIL from providing CIBIL reports directly to the third party, you can ask your potential business associate to obtain the same from CIBIL and submit the same to you for your appraisal.
For more info, you can visit www.cibil.com