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Monthly Update On Cotton Yarn Production And Exports: January 2017        Indian Tractor Industry – Monthly Update        Indian Auto Component Industry: Demonetization Related Demand Pressure To Ease In Q4, But Rising Commodity Prices Poses Challenges        Indian Aviation Industry: Continued Rapid Growth In Traffic And Capacity Addition; But Trouble In Store As Atf Prices Continue Its Uptrend        Month in Review December 2016: Most available indicators point to a loss of economic growth momentum in December 2016        GST on services accruing to states to be twice as high as share of service tax devolved to State Governments on every Rs. 100 of taxable services in current regime        Indian Commercial Vehicle Industry ; Pre-buying ahead of BS-IV norms remains key in midst of recent headwinds        Indian Banking Sector: Performance Update and Outlook , Asset quality and profitability remain weak; capital being shored up through AT 1 bond issuances        WPI inflation rose to 3.4% in December 2016 from 3.2% in November 2016, converging with CPI inflation        Lower food inflation dampens CPI inflation to 3.4% in December 2016 from 3.6% in November 2016, while core inflation remains largely sticky       
 
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Indian Tractor Industry – Monthly Update
Monthly Update On Cotton Yarn Production And Exports: January 2017
GST on services accruing to states to be twice as high as share of service tax devolved to State Governments on every Rs. 100 of taxable services in current regime
Indian Aviation Industry: Continued Rapid Growth In Traffic And Capacity Addition; But Trouble In Store As Atf Prices Continue Its Uptrend
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SME RATING

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Micro, Small and Medium enterprises (MSMEs) comprise a pivotal sector of the Indian economy, employing the largest work force among all sectors other than agriculture, promoting entrepreneurship, and contributing significantly to economic growth. However, even as its importance is widely acknowledged, the MSME sector has historically found itself deprived of timely and adequate institutional finance. The primary reason for this has been the lack of credible information on the functioning and performance of the MSME sector. One way to bridge this “information gap” and thereby improve the sector’s access to institutional finance is to encourage MSMEs obtain credit ratings from credible credit rating agencies. ICRA is one of the leading credit rating agencies in India, with a sound understanding of the MSME sector and its “real world” dynamics. It offers its MSME rating services in two ways:

NSIC ICRA Performance and Credit Rating Scheme

ICRA SME Ratings

    Benefits:

    For lenders, an ICRA MSME Rating would:
  • Provide an objective, independent and reliable opinion on credit quality.
  • Serve as an additional input in the credit decision making process.
  • Assist in risk pricing and capital allocation.
  • Facilitate portfolio management and monitoring.
    For the rated MSME, an ICRA MSME Rating may help to:
  • Improve the comfort level with prospective/existing lenders.
  • Negotiate better terms on the basis of the credit quality reflected by the Rating.
  • Reduce the time involved in obtaining loan approvals.
  • Project a better image to prospective/existing trade partners.
  • Carry out self-evaluation and take timely and corrective measures for improvement.

Brochure

Rating Process

Banking Relationship

*An ICRA MSME Rating is valid for 12 months from the date it is assigned or the date of occurrence of any material development that would warrant a Rating surveillancewhichevercomes earlier. On surveillance, ICRA retain or revise. (upward or downward) the rating previously assigned, depending on its assessment of the development since the previous rating.

ICRA SME Update - November 2015