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CRISIL is the pioneer of independent credit ratings in India. 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 upto 75% by the Government, making it a unique opportunity for small enterprises to get themselves rated. |
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Eligibility for NSIC-CRISIL RatingAny enterprise registered in India as an SSI Unit can benefit from this rating. As a proof of eligibility, we will require an SSI certificate issued by the concerned SSI registration authority. |
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Rating Process
• CRISIL receives the completed application form along with the rating fee
• CRISIL's representatives visit the company
• CRISIL's analysts have a short discussion with the management of the company
• CRISIL prepares a rating report, assigns a rating and sends the copy of the report to you and NSIC
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Rating DurationThe whole process takes about three to four weeks after CRISIL receives complete information. |
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Rating ScaleYour rating will reflect two components, Financial Strength and Performance Capability. Ratings will be assigned on the following rating scale:
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Financial Strength
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High
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Moderate
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Low
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Performance
Capability
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Highest
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SE 1A
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SE 1B
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SE 1C
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| High
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SE 2A
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SE 2B
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SE 2C
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| Moderate
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SE 3A
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SE 3B
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SE 3C
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| Weak
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SE 4A
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SE 4B
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SE 4C
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| Poor
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SE 5A
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SE 5B
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SE 5C
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For example, a company with high Performance Capability and high Financial Strength will be rated 'SE2A', while one with weak Performance Capability and low Financial Strength will be rated 'SE4C'.
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Rating Fees
Companies under operation
(Units with audited results of one complete year of operations.)
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Turnover (Rs Lakh)
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< 50
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50-200
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>200
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| Rating Fees (Rs.)
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40,000
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45,000
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60,000
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| Service Tax @ 12.36 per cent (Rs.)
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4,120
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4,635
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6,180
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| Total Fees (Rs.)
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44,120
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49,635
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66,180
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| Subsidy from NSIC (Rs.)
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25,000
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30,000
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40,000
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| Amount payable by SSI (Rs.)
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19,120
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19,635
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26,180
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| Concessional Fees #
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7,456
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9,927
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13,236
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Units with green-field projects
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Turnover (Rs Lakh)
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< 50
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50-200
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>200
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| Rating Fees (Rs.)
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50,000
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60,000
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75,000
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| Service Tax @ 12.36 per cent (Rs.)
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5,150
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6,180
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7,725
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| Total Fees (Rs.)
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55,150
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66,180
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82,725
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| Subsidy from NSIC (Rs.)
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25,000
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25,000
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25,000
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| Amount payable by SSI (Rs.)
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30,150
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41,180
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57,725
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| Concessional Fees #
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24,635
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34,562
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49,453
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* Note: CRISIL will arrange to collect the subsidy from NSIC.
#: Concessional Fees are applicable for CRISIL's partner MoU Bank customers and Industry Association members. The fees above are inclusive of all expenses CRISIL will incur in connection with the exercise.
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List of documents required
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SSI Registration Certificate or copy of the Entrepreneur's Memorandum filed with notified authority along with its acknowledgement
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Partnership Deed / Memorandum & Article of Association.
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Authority letter to sign the application.
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List of all partners / directors with their age, address, certified Net Worth / Income Tax returns, qualifications and experience.
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Copy of the audited accounts for the last three years (where accounts for the last year have not been audited, provisional accounts duly certified by a Chartered Accountant, along with two years audited accounts, are to be submitted).
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In case of new project/expansion, copy of the project report containing a brief project profile, cost of project, source/means of finance.
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Brief write-up about the products manufactured, end users, marketing tie-up and orders in hand.
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Details of subsidy, tax concession available to the applicant.
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Quality certificates, export awards won, membership of any associations.
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Any other information that would enable us to understand your business better.
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Details about group companies (names, constitution, net worth, turnover etc.)
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Contact details of Bankers, key suppliers & key customers.
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Insurance details of plant & machinery.
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