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Company Profile |
CRISIL Ratings is a full service rating agency that offers a comprehensive range of rating services.
CRISIL Ratings provides the most reliable opinions on risk by combining its understanding of risk and
the science of building risk frameworks, with a contextual understanding of business.
CRISIL is the only rating agency to operate on the basis of a sectoral specialisation, which underpins
the sharpness of analysis, responsiveness of the process and large-scale dissemination of opinion pieces.
In addition, CRISIL also offers services to the mutual fund industry through CRISIL FundServices, a
leading provider of fund evaluation services and risk solutions in India.
With over Rs. 7.8 trillion of debt, 5,600 issues and 3,000 issuers rated to date, CRISIL continues
to play a key role in the development of India's debt markets.
CRISILs association with Standard & Poors (a majority shareholder) helps CRISIL to anticipate new
market challenges and introduce value-added rating methodologies.
CRISIL Ratings also offers technical know-how overseas. including setting up ratings agencies
in Malaysia (RAM) and Israel and in the Caribbean.
With over a 60% share of the Indian Ratings market, CRISIL Ratings is the agency of choice for issuers and investors
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Crisil SME |
CRISIL has introduced SME Ratings for the benefit of Medium and Small Enterprises.
CRISIL SME Ratings will reflect the level of creditworthiness of an SME, adjudged in relation to
other SMEs. CRISIL SME Ratings will be assigned with the following rating definition:
"The rating indicates that the level of creditworthiness of an SME, adjudged in relation to other
SMEs is ………"
(as per table below)
CRISIL SME Rating Definition
| SME 1 |
Highest |
| SME 2 |
High |
| SME 3 |
Above Average |
| SME 4 |
Average |
| SME 5 |
Below Average |
| SME 6 |
Inadequate |
| SME 7 |
Poor |
| SME 8 |
Default |
Benefits For SMEs
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Enables best SMEs to better differentiate themselves among other SMEs |
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A trusted third party opinion |
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Faster access to funding at appropriate interest rate and other terms |
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Credibility with business partners - customers, suppliers and collaborators |
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Tool for self improvement - gives a comparative benchmark |
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Visibility - listing in CRISIL publications and website |
For Banks
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Ready reliable third party opinion |
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Rating reports provide relevant information for loan approvals |
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Facilitates lending decision- quantum of loan, price, margin, security |
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Helps in better credit quality differentiation among SMEs |
For SME sector
Will improve credit flow, transparency, discipline and best practices
Key features of CRISIL SME Ratings
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Ratings assigned to all types of business enterprises |
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All types of business enterprises, including public and private limited companies, cooperative societies, partnership firms, and sole proprietorships, are eligible for CRISIL SME Ratings. |
Entity rating
CRISIL SME Ratings are entity-specific ratings, unlike CRISIL's bond ratings, which are issue-specific.
Thus, all debts of an SME, including working capital bank loans, term loans, and other debt, are assigned
the same SME rating, irrespective of the tenure of the loan and any security/collateral provided for the loan.
Surveillance based on specific requirement
A CRISIL SME rating is provided as a one-time assessment. The rating is valid for one year from
the report date, provided no significant changes/events occur during this period which could
materially affect the business or financial parameters of the organisation. CRISIL encourages
SMEs to obtain rating reviews periodically, and will carry out reviews whenever requested by
the SME or the lender.
How to apply / rating process
Send a rating request to CRISIL along with preliminary background and financial
information along with rating fee. The format of the rating request as well as the
information requirement can be obtained from CRISIL website 'www.crisil.com' or
from any of the CRISIL offices listed overleaf. Please contact any of the CRISIL
offices listed overleaf for the rating fee payable.
CRISIL's representatives will interact with the promoters/management of the company.
CRISIL will then analyse the information and inputs obtained during the interactions and
arrive at the rating. CRISIL will forward the rating report to the SME (and to the lender,
if mandated by a lender).
The entire process will take three to four weeks from the time of receipt of all
necessary information and documents. However, if required, CRISIL can ensure a faster turnaround time.
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Crisil Sme For SSI |
In association with NSIC, CRISIL is now rating Small Scale Industries (SSIs) on a special rating scale,
using criteria tailored for the small-scale sector. The fees for this rating are presently subsidised by
the Government, making it a unique opportunity for small enterprises to get themselves rated.
Benefits
When you go in for a rating from a credible agency, you improve your standing with bankers,
customers, suppliers and employees. Specifically, an NSIC-CRISIL rating will bring you the following benefits:
Credibility with banks: A good rating from CRISIL carries weight with lenders, and can help you get
faster and cheaper credit. The Indian Banks' Association (IBA) has endorsed the NSIC-CRISIL rating,
and informed its member banks of the same. CRISIL has entered into a Memorandum of Understanding
(MoU) with major banks including State Bank of India, UCO Bank, United Bank of India, State Bank
of Travancore, State Bank of Mysore, Corporation Bank, Bank of Baroda and Canara Bank for rating
their SSI customers at concessional fees
Confidence building with business partners: Your NSIC - CRISIL Performance rating
is an indicator of your performance capability and financial strength. A good rating
gives comfort to lenders, customers, and suppliers.
Self - improvement tool: With its rating, CRISIL gives you a detailed analytical report on
your company's strengths and weaknesses. The report will help you strengthen your operations
and improve the working of your company. This insightful, credible and independent feedback
is supported by the strongest industry and company research in India.
Improved visibility: With the CRISIL rating, your company will get a free listing in CRISIL's RatingScan,
a publication that is used as a reference for lending decisions by banks. We will also feature your
company on CRISIL's website.
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