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
Registration Certificate issused by District Industries Center (DIC)
Partnership Deed / Memorandum & Articles of Association.
Authority letter to sign the application.
List of all partners / directors with their age, address, Net worth / Income Tax Return, qualifications and experience.
Copy of the audited accounts for the last three years (where accounts for the last year has not been audited, provisional accounts duly certified by a Chartered Accountant along with two years audited accounts are to be submitted).
In case of new project / expansion, copy of the project report containing a brief project profile, cost of project and source / means of finance.
Brief write-up about the products manufactured, end users, marketing tie-up and orders in hand.
Details of subsidy and tax concession available to the applicant.
Quality certificates, export awards won and membership of any associations.
Any other information that would enable CARE to understand the business better.
Bank Sanction Letter ( If Any )
Benefits of NSIC-CARE Performance & Credit Rating for MSEs
75% subsidy in rating fee by NSIC
Facilitates quicker and cheaper bank finance for rated MSEs (Backed by circulars from Nationalized banks)
Helps MSEs obtain leverage from the parties in the supply chain
Self-benchmarking tool to reach next level of performance.
Wider recognition & acceptance as the rating is published on website & bulletins
Acts as marketing tool with banks and business partners to build credibility
Eligibility & Fees
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)
|Rating Fees Under the scheme
|Add:Service tax @ 15%
|Less: Subsidy From NSIC (Maximum 75%)
|Balance Application Fee from MSEs
|Concessional Fees #
CARE would provide a rating letter followed by a certificate and rating report on completion of the assignment.
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.
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.
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
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
For more information, please contact the business development cell at Head Office or respective Regional / Branch Heads :
Tel: +79-4026 5656
Tel: +91-80-4115 0455 / 4165 4529
Mobile: 93104 11888
Tel: 91-44- 28490876 / 28490811l
Tel: +91-422-4332399 / 4502399
Tel: +91-11-4533 3200
Tel:+91- 40-4010 2030
Mobile: +91 9549033222
Tel: +91-141-4020213 / 4020214
Tel: +91-33- 4018 1600 / 22831803
Tel: 91-22-6754 3456
Tel: +91-20- 4000 90000