Shriram Automall India Limited (SAMIL), India’s No.1 platform for exchange of pre-owned vehicles and equipment, has joined hands with Manappuram Finance Limited. With this tie-up, the company marks a successful commencement of its association with the financial institution and extends the benefit…
Tag: CRISIL
New rating guidelines will enhance credibility | CRISIL
Credit rating agency CRISIL, which pioneered ratings for MSMEs too in India, feels that the revised guidelines on the Performance and Credit Rating Scheme (PCRS) by the Union Ministry of Micro, Small and Medium Enterprises, will enhance the credibility of the ratings and increase its usage across…
Pro-MSME schemes to boost potential of North East region
Micro, Small and Medium Enterprsises (MSME in Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura – the ‘seven sisters’ that make up the North Eastern Region (NER) – stand to benefit from central government initiatives to encourage entrepreneurship…
Digital India fillip for IT MSMEs
Micro, Small and Medium Enterprises (MSMEs) offering Information Technology (IT) and IT enabled services (ITeS) stand to gain significantly from Digital India, the government’s flagship programme for transforming the country into a digitally empowered society and knowledge economy. An analysis of…
Rs. 200 crore for Performance & Credit Rating Scheme to enable MSME credit access
Union MSME Minister Kalraj Mishra addressed a post-Budget press conference on March 08, 2016 in New Delhi and announced an all-time high budget of Rs. 200 crore for Performance and Credit Rating Scheme for financial year 2016-17. The allocation would enable units to be ready for accessing credit.…
Exclusive | All eyes on Budget to empower & enable MSMEs | Ravindra Nath, NSIC MD
If one organization truly believes in the motto ‘Small is big’ it is the National Small Industries Corporation (NSIC). NSIC has worked untiringly towards making a success story of the small and medium enterprises. The ‘Mini-Ratna’ public sector enterprise under the Micro, Small and Medium Enterpr…
Crisil grants grade to K.P. Energy
CRISIL Research has assigned CRISIL SME fundamental grade ‘3/5’ (pronounced ‘SME three on five’) to K.P. Energy Ltd (KPEL). The grade indicates that the fundamentals of the company are ‘good’ relative to other SMEs in India. However, it is not an opinion on whether the issue price is appropriate …
East has a lot of catching up to do| CRISIL Study
Credit rating agency CRISIL, which has analysed the performance of about 830 micro, small, and medium enterprises (MSMEs) from the eastern region of the country, found that they lagged behind other regions in growth. The companies were rated on the basis of their 2013-14 (April 1-March 31) finan…
Innovative SMEs merit better institutional funding | CRISIL
A joint study by CRISIL and ASSOCHAM of 12,000 CRISIL rated micro enterprises, having a turnover of less than Rs 1 crore each, has found that access to institutional finance remains the biggest hurdle to growth for this segment. With access to institutional finance for meeting working capital nee…
Special measures introduced for MSME exporters
CRISIL has analysed the performance of micro, small, and medium enterprises (MSMEs) for which it had undertaken renewal ratings on the basis of their 2013-14 (financial year April 1-March 31) financials. The analysis reveals that the average exports of these enterprises grew by 22.64 per cent to …