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CRISIL SME Ratings
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Key features of CRISIL SME Ratings
Ratings assigned to all types of business enterprises
All types of business enterprises, including public and private limited companies, cooperative societies, partnership firms, and sole proprietorships, are eligible for CRISIL SME Ratings.
Entity rating
CRISIL SME Ratings are entity-specific ratings, unlike CRISIL's bond ratings, which are issue-specific. Thus, all debts of an SME, including working capital bank loans, term loans, and other debt, are assigned the same SME rating, irrespective of the tenure of the loan and any security/collateral provided for the loan.
Surveillance based on specific requirement
A CRISIL SME rating is provided as a one-time assessment. The rating is valid for one year from the report date, provided no significant changes/events occur during this period which could materially affect the business or financial parameters of the organisation. CRISIL encourages SMEs to obtain rating reviews periodically, and will carry out reviews whenever requested by the SME or the lender.
For verifying if an SME rating is accepted and valid, please click here.
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Rating Process
• Send a rating request to CRISIL along with preliminary background and financial information along with rating fee.
• CRISIL's representatives will interact with the promoters/management of the company.
• CRISIL will then analyse the information and inputs obtained during the interactions and arrive at the rating
• CRISIL will forward the rating report to the SME (and to the lender, if mandated by a lender)
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Rating DurationThe entire process will take three to four weeks from the time of receipt of all necessary information and documents. However, if required, CRISIL can ensure a faster turnaround time. |
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Rating ScaleCRISIL SME Ratings will reflect the level of creditworthiness of an SME, adjudged in relation to other SMEs. CRISIL SME Ratings will be assigned with the following rating definition:
"The rating indicates that the level of creditworthiness of an SME, adjudged in relation to other SMEs is ………" (as per table below)
| CRISIL SME Rating
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Definition
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| SME 1
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Highest
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| SME 2
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High
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| SME 3
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Above Average
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| SME 4
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Average
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| SME 5
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Below Average
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| SME 6
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Inadequate
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| SME 7
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Poor
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| SME 8
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Default
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Rating Fees
Companies under operation
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Turnover (Rs Crore)
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< 10
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10-25
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25-50
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50-75
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>75
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| Rating Fees (Rs.)
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60,000
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65,000
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70,000
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85,000
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110,000
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| Service Tax (Rs.)
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6,180
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6,695
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7,210
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7,755
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11,330
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| Total Fees (Rs.) *
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66,180
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71,695
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77,210
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93,755
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121,330
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* Special Concessional Fees are applicable for CRISIL's partner MoU Bank customers and Industry Assoiation members. The fees mentioned above are inclusive of all expenses CRISIL will incur in connection with the exercise. Please get in touch with CRISIL representatives for further details on Concessional fees.
Units with green-field projects
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Turnover (Rs Crore)
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< 10
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10-25
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25-50
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| Rating Fees (Rs.)
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100,000
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125,000
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150,000
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| Service Tax (Rs.)
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10,300
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12,875
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15,450
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| Total Fees (Rs.)
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110,300
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137,875
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165,450
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* Note: Companies under operation refer to SSIs / SMEs with audited results of one complete year of operations.
#: Concessional Fees are applicable for CRISIL's partner MoU Bank customers and Industry Assoiation members. The fees mentioned above are inclusive of all expenses CRISIL will incur in connection with the exercise. Please get in touch with CRISIL representatives for further details on Concessional fees.
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List of documents required
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Authority letter to sign the application.
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Documents supporting registration (memorandum and articles of associations, partnership agreements, registration documents). (if applicable).
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Documents supporting name change and legal structure. Brief write-up on history of the firm / company.
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Documents supporting changes in capital (if any).
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Copy of income tax, sales tax, excise and wealth tax returns, if filed.
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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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Copy of insurance policies of assets.
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Certified net worth statements of all directors/ partners/proprietor.
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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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Details of subsidy and tax concession available, if any.
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Quality certificates, export awards won, membership of any associations, etc.
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Any other information that would enable us to understand your business better.
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To get a list of Preliminary information required, click here
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