Professional Documents
Culture Documents
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CHAPTER – 1 INTRODUCTION I.1 Introduction of the company. I.2 Business and service
s of the company.
1.1
Introduction to CRISIL
An increased range of borrowers, increasingly complex financial transactions and
large quantum of debt borrowed in India warranted the need of provider of objec
tive, accurate and timely information of credit quality. To fulfill this objecti
ve, CRISIL was incorporated in 1987 as public limited company. Today CRISIL is I
ndia’s largest and most respected rating agency. CRISIL’s majority share holder is s
tandard $ Poor’s the world’s foremost provider of independent credit rating, indices
, risk evaluation, investment research and data. Leading corporation worldwide a
re rated by S&P. S&P’s credit risk tracer (CRT) has analyzed about 10 lakh SMEs in
Europe
Established in 1987, CRISIL has been promoted by leading Indian financial instit
utions like The Industrial Credit and Investment Corporation of India Limited (I
CICI), Unit Trust of India (UTI) and Housing Development Finance Corporation Lim
ited. The major shareholders include Standard & Poor s, ICICI, UTI, Life Insuran
ce Corporation, General Insurance Corporation and a host of nationalized and for
eign banks. CRISIL became a public limited company in November 1993 and is prese
ntly a quoted company on the Bombay Stock Exchange and the National Stock Exchan
ge . Crisil pioneered the concept of credit rating in India and developed the fr
amework and methodology for rating debt in the context of the India financial, m
onetary and regulatory system. CRISIL today has attained a pre-eminent position
in the rating industry. It is the largest rating agency in the South East Asia r
egion and is amongst the four largest ratings agencies in the world. In February
1996, CRISIL entered into a strategic alliance with Standard and
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Poor’s .The relationship got strengthened with S&P with CRISIL’s working credibility
, competence and management. The relationship got further strengthened with S&P
taking up a majority stake in CRISIL. CRISIL started with the rating of corporat
e dept and other the years extended its scope of activities. Its range of servic
es one includes rating services, advisory services and investment research relat
ed services.
1.2 CRISIL Business and Services
CRISIL Limited is India’s leading Ratings, Financial News, Risk & Policy Advisory
Company. CRISIL helps clients manage and mitigate business and financial risk, e
nables markets to function better through benchmarks and best practices and prov
ides workable inputs in shaping public policy. CRISIL’s services and products span
the entire value chain starting from data collection and management to providin
g opinions and integrated solutions. These products and services are backed by h
ighest standards of integrity, independence and analytical rigor, making CRISIL
the most credible provider of these services in the market. CRISIL’s clients depen
d upon it to constantly deliver objective opinions and the most workable solutio
ns. Through a sustained theme of innovation and thought leadership, CRISIL has l
ed the markets with new thoughts, new analytical frameworks and new approaches,
placing it in its leading position in the Indian market place. to all participan
ts in the financial markets. CRISIL Infrastructure Advisory Group provides worka
ble policy and transaction level solution to Central and State governments, publ
ic sector and private sector entities, that help them make the difference. CRISI
L Investment and Risk Management Group (part of CRISIL’s advisory services) and Gl
obal Data Services India Ltd (GDSIL), both CRISIL subsidiaries. CRISIL Ltd provi
des business knowledge through research on industries, companies and the economy
, GDSIL provides analytical data base to support CRISIL as well as external clie
nts in there research and analysis. CRISIL’s news services (CRISIL Market wire – CMW
) are India’s leading provider of real time news and analysis on India debt market
s.
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rated SE2A , while one with weak Performance Capability and low Financial Stren
gth will be rated SE4C .
B. SME RATING
CRISIL SME Ratings will reflect the level of creditworthiness of an SME, adjudge
d in relation to other SMEs. CRISIL SME Ratings will be assigned with the follow
ing rating definition:
"The rating indicates that the level of creditworthiness of an SME, adjudged in
relation to other SMEs is ………" (as per table below)
TABLE NO .2 CRISIL SME Rating SME 1 Definition Highest
8
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B High Risk
C Substantial Risk D Default NM Not Meaningful
an adverse change in circumstances could lead to inadequate capacity to make pay
ment on financial obligations. Instruments rated B are judged to have high lik
elihood of default; while currently financial obligations are met, adverse busin
ess or economic conditions would lead to lack of ability or willingness to pay i
nterest or principal. Instruments rated C are judged to have factors present t
hat make them vulnerable to default; timely payment of financial obligations is
possible only if favourable circumstances continue. Instruments rated D are in
default or are expected to default on scheduled payment dates. Instruments rate
d NM have factors present in them, which render the outstanding rating meaning
less. These include reorganisation or liquidation of the issuer, the obligation
being under dispute in a court of law or before a statutory authority etc.
ABOUT- NSIC
National Small Industries Corporation Ltd. (NSIC), an ISO 9001 certified company
, since its establishment in 1955, has been working to fulfill its mission of pr
omoting, aiding and fostering the growth of small scale industries and industry
related small scale services/business enterprises in the country. Over a period
of five decades of transition, growth and development, NSIC has proved its stren
gth within the country and abroad by promoting modernization, up gradation of te
chnology, quality consciousness, strengthening linkages with large medium enterp
rises and enhancing exports - projects and products from small industries.
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NSIC operates through 9 Zonal Offices, 33 Branch Offices, 14 Sub Offices, 10 NSI
C Business Development Extension Offices, 5 Technical services Centers, 3 Extens
ion Centers and 2 Software Technology Parks supported by a team of over 500 prof
essionals spread across the country. To manage operations in African countries,
NSIC operates from its office in Johannesburg. NSIC carries forward its mission
to assist small enterprises with a set of specially tailored schemes designed to
put them in a competitive and advantageous position. The schemes comprise of fa
cilitating marketing support, credit support, technology support and other suppo
rt services.
NSIC carries forward its mission to assist small enterprises with a set of speci
ally tailored schemes designed to put them in a competitive and advantageous pos
ition. The schemes comprise of facilitating marketing support, credit support, t
echnology support and other support services.
RATING FEES NSIC-CRSIL PERFORMANCE AND CREDIT RATING FOR SSI’s Turnover (Rs . Lakh
)Turnover < 50 50-200 Rating fees (Rs.) Service tax 10.30% (Rs.) 40,000 @ 4,120
45,000 4,635 (Rs. Lakh)Turnover (Rs. Lakh) > 200 60,000 6,180
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CRISIL
•
CRISIL has set up a dedicated team of specialists in SME rating, and designed se
parate rating scale for rating SMEs and SSIs (entities with valid SSI certificat
es). CRISIL’s SME Rating has a team of 25 professionals and a company wide network
to provide the rating services to SMEs and SSIs in any part of the country.
•
In association with NSIC, CRISIL is now rating small scale industries (SSI) on s
pecial rating scale. NSIC provides subsidy for rating of SSIs. CRISIL has alread
y rated 350 SMEs SSIs on the “NSIC-CRISIL” and the “SME rating” scale. More than 100 add
itional mandates are under the process of execution. CRISIL has conducted studie
s on 19 SME clusters across 8 industries. CRISIL’s SME risk assessment model insta
lled in 8 reputed
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public and private sector banks. CRISIL provided its expertise in the SME sector
for emerging India award 2006, organized by ICICI Banks and CNBC. Of 35000 entr
ies received for the awards, best SMEs were identified across 10 categories.
Besides marketing the rating services directly to the SMEs through one-to-one co
ntact, other alternative approaches were adopted to develop the business. To add
ress the large number of SMEs (including SSIs) in India, CRISIL adopted an ‘aggreg
ator’ approach wherein SMEs could be accessed in groups through an aggregator like
a bank, an industry association, or a large corporate with several SME dealers
or vendors
Since bank in India have large SME portfolios as part of their priority sector b
usiness, and SMEs depends substantially on banks for their fund requirements, CR
ISIL decided to enter into national level tie-ups with banks to provide rating s
ervices to their SME borrowers
CRISIL SME Ratings Partner Banks CRISIL has partnered with 26 banks and two fina
ncial organisations to extend the special concessional rating fees to its custom
ers. The following partner banks and financial organisations are giving interest
rate benefits to the customers rated by CRISIL. 1. 2. 3. 4. 5. National Small I
ndustries Corporation Bank of India Canara Bank Central Bank of India Corporatio
n Bank
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6. Punjab National Bank 7. Syndicate Bank 8. UCO Bank 9. Union Bank of India 10.
United Bank of India 11. Vijaya Bank 12. Kerala Financial Corporation In additi
on to the above banks, CRISIL has partnered with the following 16 banks to give
special concessional fees to rate their customers. 1. Allahabad Bank 2. Andhra B
ank 3. Bank of Baroda 4. Bank of Maharashtra 5. Dena Bank 6. The Federal Bank Li
mited 7. HDFC Bank Limited 8. Indian Bank 9. Indian Overseas Bank 10. State Bank
of Bikaner & Jaipur 11. State Bank of Hyderabad 12. State Bank of India 13. Sta
te Bank of Indore 14. State Bank of Mysore 15. State Bank of Saurashtra 16. Stat
e Bank of Travancore
It is in discussion with other banks to enter into similar tie-ups. CRISIL ratin
g provide banks a ready reliable third party credit opinion and facilitate lendi
ng decision by helping fix appropriate quantum of loans, rate of interest, margi
n and security. As per these MOUs, CRISIL charges fees at concessional rates (as
low as Rs. 7456 for small companies) to the banks, customers and the bank in tu
rn offer favorable terms to entities with high CRISIL Ratings. UCO bank, United
and Union bank have already announced reduced interest rates for highly rated en
tities.
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Though SMEs in India are dispersed across the country. There are certain pockets
with concentrations of SMEs. These are called SMEs clusters. The SMEs in cluste
r or otherwise have organized themselves into industry associations which work a
s a platform for the welfare of members. CRISIL has reached an understanding wit
h several industry associations across the country to provide rating service to
their members at attractive terms.
Similarly, large companies in India deals with several SMEs in their supply chai
n as dealers for selling finished goods, and the vendors for procuring raw mater
ial or sub-assemblies. CRISIL has signed agreements with such companies for grad
ing their deals or rating their vendors.
CRISIL, with its reliability, width, and depth of experience in rating services,
made a world of difference to the corporate sector when it is pioneered the con
cept of rating in India. CRISIL believes it will make the same difference to the
SME sector with its SME sector rating.
1.2.c An overview of the SME\SSI sector in India
In the India market, the common concept was that of small scale industry (SSI);
the definition of a medium enterprises is of more recent origin. The government
of India has historically tracked the profile and growth of the SME sector in te
rms of SSIs. SSIs are a vibrant and important sector of the Indian economy. They
make significant contribution to the annual GDP,
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As defined by the ministry of SSI, government of India, the policy making and pr
omoting body for SSIs in India, an SSI is defined as:
“An industrial undertaking in which the investment is fixed assets in plant and ma
chinery, whether held on ownership terms, on lease, or on high purchase, does no
t exceed Rs. 1 crore, subject to the condition that the unit is not owned or con
trolled by, or a subsidiary of, any other industrial undertaking”.
SSI units mostly belong to the manufacturing sector. However some service enterp
rises such as software development enterprises, cold storage units etc. Have als
o been included under the SSI umbrella. Previously the ministry of SSI also defi
ned small scale services and business enterprises (SSSBEs) as enterprises having
investment equipment excluding investment in land and building up to Rs.10 lakh
. SSSBEs include enterprises working in close association with manufacturing ent
erprises like CAD\CAM blueprinting, and industrial consulting etc.
Small enterprises both manufacturing and service sector are eligible for receivi
ng subsidy in the rating fees norms national small industries corporation limite
d (NSIC)
As per the new SMED (small and medium enterprises development) act the limited f
or investment in plant and machinery in small enterprises has been increased to
rs. 5 crore. the new act is expected to become operational with effect from oct,
2,2006.
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Consideration the growing importance of the service sector in the country’s econom
y, the SMED Act defined the small enterprises in the service sector as one havin
g investment in equipment(excluding investment in land and building) up to RS. 2
crore
Small and Medium Enterprises
The SMED Act defines a Medium Enterprises as one with investment in the plant ma
chinery in excess of the SSI limit and up to Rs.10 crore. Before this there was
no commonly accepted definition of medium enterprises.
The SMED Act defines a medium enterprises in the service sector as one having in
vestment in equipment (in excluding investment in land and building) up to Rs.5
crore. Medium enterprises, which are relatively bigger in size, have different c
redit needs. Looking at this, CRISIL has developed a separate scale for rating t
hese enterprises (an 8 point scale as given in the brochure for SME rating). For
rating the medium enterprises, CRISIL goes by the definition of such enterprise
s by the banks.
Tabular representation of ceiling in investment for enterprises in manufacturing
and service sector as per the new SMED Act:
TABLE NO .3
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Crisil India
House
(Pinnacle
Chambers)
121/122
Andheri
Kurla
Road
Andheri
(East)
Mumbai,Maharashtra,400093 Phone:-912256913001 Fax: 91 22 56913000 Headquarters I
ndustry Type Bombay Area, India Financial Services Public Company
Status
Operating
Company Size
2,000 employees
Revenue
2,873 mil [INR] (65%)
Founded Website
1987 www.crisil.com
Parent company Standard & Poor’s
subsidiaries
Irevna
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› Rates the first CDO transaction of working capital facilities in the Asia Pacifi
c › Makes an equity investment in the Caribbean Information & Credit Rating Servic
es Limited (CariCRIS), (click here for more details) the first regional rating a
gency in the world, covering 19 countries. › Acquires Gas Strategies Group Limited
(earlier known as EconoMatters Limited), a London-based company engaged in gas
consulting, information and training/conferences › AMFI mandates CRISIL to provide
daily fund indices as
benchmarking standards for the mutual fund industry
20042005
› S&P acquires 3,120,948 equity shares of CRISIL from CRISIL shareholders through
an Open Offer taking S&P holding in CRISIL to 58.46% › CRISIL Board approves propo
sal to acquire Irevna group of
companies
2006 › CRISIL transfers assets and staff of CRISIL Market Wire to TV18 › CRISIL cons
titutes a new team to achieve greater integration with Standard & Poor s (S&P) i
n brand franchise, market development and sales efforts. › Irevna ranked the top i
nvestment research outsourcing firm by buyside firms according to a recent surve
y by the Brown-Wilson Group; sets up second delivery centre in Buenos Aires › Inte
r-company agreements signed between CRISIL and
Standard & Poor s - CRISIL now known as a Standard & Poor s Company
2007
› CRISIL transfers its advisory business (CRISIL Infrastructure Advisory and CRISI
L Investment & Risk Management Services) into a 100% subsidiary CRISIL Risk and
Infrastructure Solutions Limited. › CRISIL s subsidiaries CRISIL Research & Inform
ation Services Limited (CRIS), Global Data Services of India Limited, CRISIL Pro
perties Limited and Irevna Research Services Limited merged into CRISIL Limited
(CRISIL). › Ms. Roopa Kudva takes over as Managing Director & CEO of
CRISIL following Mr. R. Ravimohan s appointment as Managing Director & Region He
ad of Standard & Poor s South Asia
2008
› CRISIL announces sale of shareholding in Gas Strategies Group Ltd. › CRISIL launch
es its formal sustainable development programmed for Corporate Social Responsibi
lity
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› Launches the CRISIL Complexity Levels Service - an initiative aimed at strengthe
ning Indian capital markets through greater transparent for investors
1.5 MILESTONES OF THE COMPANY CRISIL is 23. At this important milestone, we refl
ect on our journey thus far and look into the horizon beyond. We began our journ
ey as India s first rating agency. Today, we are a diversified global analytical
platform with leadership positions in the ratings, research and advisory domain
s. Along the way, our growth has been closely intertwined with India s developme
nt milestones. We started in 1987 as a credit rating agency , at a time when len
ding rates in India were fixed, and there was, therefore, little demand for cred
it ratings. We firmly established ourselves as the country s leading rating agen
cy, respected for our fiercely independent, highly credible, and analytically ri
gorous views. Shouldering the mantle of a pioneer and a market leader, we facili
tated the development of India s credit market and built investor confidence in
our risk assessment capabilities. India s transformation into a market-led econo
my greatly increased its need for capital, and required extensive reforms and in
stitution building. Accordingly, we diversified into the infrastructure advisory
and business research domains, and quickly built up a reputation for independen
t, reliable and incisive information, research, models and advisory services. To
day, our services are key inputs in informed decision-making and the shaping of
public policy in India. With increasing globalization, we also focused on making
our income streams more global. We acquired Irevna, a pioneer in the investment
research outsourcing space; Irevna has since been voted No.1 in high-end invest
ment research and analytics outsourcing by the US-based Brown and Wilson Group t
wo years in a row in 2006 and 2007. We have a thriving business that meets incre
asing global demand for better understanding of the Indian business environment,
through the services offered by our research and advisory groups.
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(Rs. Lacs) Particulars Total Income for the year was Profit before depreciation
and taxes was Deducting there from depreciation of Profit before tax was Deducti
ng there from taxes of Profit after tax was The proposed appropriations are: Div
idend Corporate Dividend Tax General Reserve Balance carried forward
Year ended Dec. 31, 2009 40,389.03 18,696.71 1,184.38 17,512.33 3,774.52 13,737.
81
Year ended Dec. 31, 2008 27,088.00 10,481.23 1,333.87 9,147.36 2,080.28 7,067.08
5,057.50 859.52 1,373.78 17,663.64
1,806.25 337.07 706.71 8,775.36
How CRISIL SME/SSI ratings can be useful Banks • • • Creates a strong platform for wel
l rated SMEs to obtain CRISIL ratings under Basel II over a period of time An in
dependent assessment of the SME portfolio will help in improving asset quality C
lient retention : Bank will be able to retain its good customers by providing in
terest rate concessions to highly rated entities
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• •
Ratings could be used for all green-field projects where CRISIL’s appraisal skills
will be useful in evaluating the unique project risks Mapping of the banks inte
rnal rating scale with CRISIL rating will reduce the appraisal process significa
ntly for the branch managers and enable them to undertake quick and accurate dec
isions
BENEFITS OF CRISIL SME RATING 1. FASTER AND EASIER AVAILABILITY OF LOANS -: Bank
s appreciate the independence and analysis involved in CRISIL’s rating exercise. M
ore than 31 banks have entered into a formal agreement with CRISIL SME ratings,
under which, they extend favorable terms and conditions, to CRISIL rated units,
including lower rate of interest. 2. INCREASED CREDIBILITY BUSINESS ASSOCIATES -
: WITH BANKERS, CUSTOMERS AND
An SME rating from CRISIL, increases the credibility of the rated unit, in domes
tic and international markets, by providing the bank, customers, and business, a
ssociates with credible information about the company. This increases their conf
idence in the unit and helps in increasing business and building better relation
ships.
3. DETAILED RATING REPORT -:
Each CRISIL rated SME receives a rating report which provides comprehensive deta
ils about the rated unit, its functioning, as well as the organization’s strengths
and weaknesses. This rating report can be used by the unit in dissemination of
credible information about their company to a wide variety of business associate
s, including, collaborators, joint venture partners and other market participant
s. Besides, the rating report also serves as a guide to focus on areas of improv
ement and enables the SME to benchmark against competition. 4. INCREASED PUBLICI
TY -: CRISIL SME ratings are listed on CRISIL’s website and on CRISIL’s monthly publ
ications, the CRISIL SME CONNECT. This serves as a good source of publicity for
the rated entity and further enhances the credibility of the unit, a wide variet
y of banks, financial institutions and, foreign counterparties use the
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OBJECTIVES:
To find the level of awareness among industries about of credit ratings. To impa
rt the knowledge about credit rating to the industrialists of Batala . To check
the awareness level of industrialist regarding various government schemes of the
Ministry of MSME for the development of MSMEs.
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The study aimed to include the industrialist of focal point Batala as to study,
the awareness of CRISIL SME RATING KNOWLEDGE in Batala. . Sample Size:
The sample size for the research was 140.
Sample Technique:
Tree sampling technique is used.
Time:
The research was conducted in the months of June and July, 2010.
Data Analysis & Interpretation:
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In the view of the present study, the required data was collected through struct
ured questionnaire designed by the company. The data so collected has been proce
ssed manually by editing, coding and tabulating. For analyzing the data, various
statistical techniques used to draw meaningful results.
III.3 LIMITATIONS OF THE STUDY
Though every care has been taken to make this report authentic in every sense, y
et there were a few uncomfortable factors, which might have their influence on t
he final report. Linking factors can be stated as: Time constraint Due to lack of
time i.e. 6 weeks, it was not possible to deeply study every aspect of customer
s and devote enough time for research work. But still sincere efforts were put t
o reach to the reliable conclusion. Data collection constraints There were many
problems regarding the collection of primary data which are as follows:
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41
1. As the questioners were filled during the working hours, the respondents had
little time to devote for filling the questionnaires. 2. Some respondents did no
t have their serious attitude towards the questionnaire and hence their response
s may not reflect the real picture 3. Some of the respondents were not candid en
ough to reveal all the required information. They might have given inflated or w
rong data. 4. The survey was conducted in the focal point region of Ludhiana cit
y. Thus the respondent belonged only to this region of country. This could have
brought biasness into the study. 5. However all the efforts were made to remove
the biasness but it cannot be denied that there is no possibility of individual
biasness on the part of respondent.
CHAPTER-IV ANALYSIS AND FINDINGS
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In table number 4.6 it is shown that 67% of industries those which are aware abo
ut crisil SME rating are being certified by ISO and 27% of industries which are
aware have SSI number.
Figure 5 (showing the graphical representation of the table 4.5)
RELATIONSHIP BETWEEN TURNOVER AND HAVING KNOWLEDGE
ABOUT SME RATING: TABLE NO. 4.7(showing the relationship between the turnover an
d having knowledge about sme rating) TURNOVER PERCENTAGE NO. OF PERSONS 7% 100 – 2
00 lakh 200 above 1 14 93%
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48
From the above stated data it is found that major chunks of industrial area whic
h have knowledge about CRISIL SME RATING have turnover more than 200 lakh
Figure 6(showing the graphical representation of the table no.4.7)
FINDINGS:
* The knowledge of SME rating is found to be very less in the city. * Most of th
e industrial units deal with banks which are connected with CRISIL. * The turnov
er of most of the units is less than 2 crore. * I found that companies mostly ha
ve more than 20 employees working with them.
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* I have found that units which have knowledge about SME rating are being ISO ce
rtified. * Units having turnover more than 20 crore are aware of SME rating know
ledge.
CHAPTER – V SUGGESTIONS AND RECOMMENDATION
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50
SUGGESTIONS
* As people are not much aware about SME rating, so company should work on it. *
They should organize more industrial meetings so that people should know more a
bout CRISIL. * Company should work with banks to give more interest rate benefit
. * Company should request NSIC to give more subsidies to the SMEs. * Company sh
ould more advertise the rated companies so they can get more business.
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CHAPTER- VI CONCLUSION
Conclusion:
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After collecting data we found that the awareness of CRISIL SME credit rating is
very less among the industrialist of BATALA. Industries which are being rated a
re satisfied but they are also not aware about all the benefits which they can g
et from it so if we make them aware about benefits it will be just like customer
delight. MOU banks have high market share specially SBI and CBI which have very
strong hold over the market so there are more chances for company to catch the
customer. The support from NSIC also very good as they are providing more than 6
0% subsidy for the rating. The marketing team of city is working very hard but s
till lot of effort is required by the company to show commanding presence in the
market.
BIBLIOGRAPHY
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BOOKS: Kotler, Philip, “Marketing Management”, (2004) Prentice Hall, India Kothari .
C.R., “Research Methodology Method and Technology”, New Age International Publicatio
n, Beri. G.S, “Marketing Research”, Tata Mc-Graw Hill, New Delhi.
WEBSITES:
WWW.CRISIL.COM WWW.NSIC.COM
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ANNEXURES
Survey on Awareness Level among MSMEs Date: ________________________ Name of the
_____________________________________________________________ Product _________
____________________________________________________ Place _____________________
______________________________________________________ Contact Person and ______
______________________________________________ Mobile: _________________________
_________________________________ E-mail: _____________________________________
____ Banker________________________________________ 1. Have you heard of Credit
Rating for MSMEs? a) Yes b) No 2. Has any Credit Rating Agency approached you fo
r rating? (please name if yes if No refer to Ques. 9) __________________________
_________________________________________ 3. If “Yes”, have you undergone the Credit
Rating exercise for your enterprise? a) Yes b) No (IF “NO”, MOVE TO QUES.9) 4. If “Ye
s”, what motivated you to opt for the rating? ------------------------------------
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56 Contact Designation number: company
a) Interest rate concession b) Credibility among customers and suppliers c) Repu
ted third-party opinion d) All of the above e) Any other (please _______________
____________________________________________ specify
5. Has the rating helped you in bringing improvement to your business? a) Yes b)
No
6. If “Yes”, what was the kind of improvement?
a) Management Strategy b) Finance c) Human Resource (HR) d) Marketing e) Product
ion Process f) All of the above
7. Has the rating helped you with your lenders and bankers? a) Yes b) No 8. If “Ye
s”, how did the rating help you in meeting your financial needs?
a) Getting adequate quantum of loan from bank b) Concession in interest rates c)
Relaxation in providing collaterals d) Reduction in transaction cost e) Faster
decision on the part of the lenders f) All of the above
9. If “No”, are you interested to go for rating and know the benefits of credit rati
ng? a) Yes b) No 10.Are you aware about the various government schemes of the Mi
nistry of MSME for the development of MSMEs? -----------------------------------
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. 57
a) Yes
b) No
11.Have you heard of or taken assistance under any of the following government s
chemes in the past? a) No b) if Yes, Kindly tick √
1. International Cooperation Scheme 2. Performance and Credit Rating Scheme 3. T
echnology Up gradation Fund Scheme (TUFS) for the textile sector 4. Marketing As
sistance Scheme 5. Rajiv Gandhi Udyami Mitra Yojana (RGUMY) 6. Trade Related Ent
repreneurship Assistance and Development (TREAD) Scheme for Women 7. Credit Link
ed Capital Subsidy Scheme for Technology Up gradation 8. Credit Guarantee Scheme
9. ISO 9000/ISO 14001 Certification Reimbursement Scheme 10.National Manufactur
ing Competitiveness Programme (NMCP) Schemes Under XI Plan: there are 10 schemes
under NMCP like Marketing Support, Lean Manufacturing, Mini Tool rooms, etc 11.
Micro & Small Enterprises Cluster Development Programme (MSE-CDP) 12.MSME MDA 13
.Mini Tool Rooms 14.Scheme of National Award 12.How many government schemes are
you aware of? a) None b) 1-5 schemes c) 6-10 schemes d) More than 10 schemes 13.
If yes, how would you rate the usefulness of the schemes?
a) Very useful b) Moderately useful c) Not useful 14. Some of these schemes are
operated through banks. Have the banks been supportive in channelizing assistanc
e under these schemes? a) Highly supportive b) Somewhat supportive c) Not suppor
tive ---------------------------------------------------------------------------
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15. Which media do you think will be most effective to make these schemes better
known among the MSMEs? a) Radio b) TV c) Newspaper d) Website e) Any other sugg
estions …………………………………………………………………. 16.Do you have any suggestions for the government to add
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