NSIC-CARE Performance & Credit Rating For MSEs

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NSIC - CARE Performance and Credit Rating for MSEs

This rating indicates the relative level of financial strength and performance capability of an MSE entity compared to other MSEs. It is an issuer-specific rating and not a loan/bank facility-specific rating. It is a one-time assessment of the rated entity.

NSIC – CARE Rating Scales

List of Documents to be submitted with the Application Form

Benefits of NSIC-CARE Performance & Credit Rating for MSEs

Tangible Benefits:

Intangible Benefits:

All registered micro or small enterprises can take advantage of this rating. An MSE certificate issued by the District Industries Center (DIC) authority is a valid proof of eligibility. All types of business entities including limited companies, partnership firms, and proprietorships, trusts, etc are eligible for this rating.

Turnover Wise Rating Fee Structure

(Units with audited results of one complete year of operations)

# For Customers of banks with MOUs with CARE
Turnover wise Fee Structure
Turnover (Rs Lakh) < 50 50-200 > 200
Rating Fees Under the scheme 27000 45000 60000
Add:Service tax @ 15% 4050 6750 9000
Total Fees 31050 51750 69000
Less: Subsidy From NSIC (Maximum 75%) 15000 30000 40000
Balance Application Fee from MSEs 16050 21750 29000
Concessional Fees # 12000 15000 18000

CARE would provide a rating letter followed by a certificate and rating report on completion of the assignment.

Rating Letter

On completion of the assignment CARE would issue the rating letter which would contain the details pertaining to the rating assigned to the client, its definition and validity of the rating.

Rating Report

CARE would also provide the soft copy of rating report which would contain the key rating considerations, brief snapshot of the rated entity, its business profile and the financial performance analysis.

Certificate

A certificate containing the name of the client along with the assigned rating, its definition and the validity date would be issued.

MSEs rating is valid for one year from the date of the rating, provided no significant changes/events occur during this period that could materially affect the business or financial parameters of the organization. The entity may approach CARE for review on happening of such event and CARE may review the rating for a predetermined fee.

MSEs desirous of getting themselves rated will need to submit the application in a specified format, in duplicate. The Application form should include documents as specified therein. Duly completed application form, addressed to CARE, can be submitted to the nearest NSIC / CARE office. Following this, the rating process will start and the interaction with the management would be initiated. The rating team may require extra information in order to complete the rating exercise. The rating is a one-time assessment based on the information and documents submitted by the entity.The entire process will take about 2-3 weeks after the receipt of full information.

Mr. Saikat Roy

Director & Head –SME
4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai - 400 022.
Tel : +91-22-6754 3456
Fax : +91-22-6754 3457
E-mail : saikat.roy@careratings.com

 

For more information, please contact the business development cell at Head Office or respective Regional / Branch Heads :

AHMEDABAD

Mr. Dahyalal Prajapati
Mobile : 8511172632
Tel : + 91-79-40265657
E-mail : dahyalal.prajapati@careratings.com

BENGALURU

Aakash Jain
Mobile : 8106400001
Tel : +91-80-4115 0455 / 4165 4529
E-mail : aakash.jain@careratings.com

CHANDIGARH

Mr. Ankur Garg
Mobile : 9310411888
Tel : + 0172- 4904025 /0172-4904000
E-mail : ankur.garg@careratings.com

CHENNAI

Mr. Digbalay Singha
Mobile : 9941977787
Tel : +91-44-28497812/28490811
E-mail : digbalay.singha@careratings.com

COIMBATORE

Ms. Uma
Mobile : 9941977787
Tel : +91-422-4332399/4502399
E-mail : uma.s@careratings.com

DELHI

Munish Dhawan
Mobile : 8527687666
Tel : +91-11-4533 3200
E-mail : munish.dhawan@careratings.com

HYDERABAD

Aakash Jain
Mobile : 8106400001
Tel :+91- 40-4010 2030
E-mail : aakash.jain@careratings.com

JAIPUR

Nikhil Soni
Mobile : +91 9549033222
Tel : +91-141-4020213 / 4020214
E-mail : nikhil.soni@careratings.com

KOLKATA

Sambit Das
Mobile : 9836419507
Tel : +91-33- 4018 1600 / 22831803
E-mail : sambit.das@careratings.com

MUMBAI

Mr. Ravikiran Apte
Mobile : 9819318902
Tel : 022-6754 3456
E-mail : ravikiran.apte@careratings.com

PUNE

Rahul Nigam
Mobile : 9970264025
Tel : +91-20- 4000 90000
E-mail : rahul.nigam@careratings.com

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