Vital Consulting is Business Associates for CARE Limited

Vital Consulting is Business Associates for CARE   Limited

OBJECTIVE OF THE SCHEME ·        To enhance the acceptability of  SSI units with Banks & Financial Institutions & Buyers. ·        To meet the opportunities & challenges in the changing Global economic scenario. SCHEME FEATURES ·         A combination of credit and performance factors including operations, finance, business and management. ·         Turnover based Fee structure. ·         Implemented through NSIC, a nodal agency of Govt. Of India. ·         Approved by Indian Banks Association (IBA) ·         During first year a subsidy of 75% on rating fee by Ministry of SSI. BENEFITS TO SSI ·        ACCEPTABILITY WITH BANKS: The IBA approval enhances the acceptability with banks, lenders and financial institutions. This gives access to quicker and cheaper credit. ·        CREATING AWARENESS: The awareness on strength and weakness helps in identifying the areas of improvement and puts focus on their strengths. ·        CONFIDENCE AMONG BUYERS: It infuses confidence among buyers while taking decisions on sourcing the material from SSI & a recognition in global trade ·        RISK MANAGEMENT: It highlights the Parameters measuring operational, financial, business & management risks. ·        INCREASED PRODUCTIVITY: It provides an unbiased opinion on strengths and weaknesses of their existing operations & the corrective measures. ·        ·        ·        ·        ·        ·        ·        1.        2.        SUPPORT SSI – POSSIBLY CAN GET ·        Speedier Loans Disbursement for Authenticated SSI/SME ·        Consideration on the Interest Rates, may be a special discount for Highly rated SSI ·        Waiver of Collateral in Specific Qualified Cases ·        Preference from Buyer while procuring materials from SSI. ·        Privilege Benefits as per the Govt. Policy    9. Benefit to SME & SSI Units CARE Rating adds credibility to the status of the SME unit It also helps opens doors to deal with large companies esp. those who deal with a big number of vendors CARE Ratings serve as motivation to adopt good governance practices which are beneficial in the long run CARE Ratings also help in international trade and commerce and serve as first point to generate interest among potential trading partners Ratings also acts as an tool for self correction.& self improvement In event of a 0.25 % interest reduction to a unit getting rated by CARE the reduction in interest cost comes to Rs. 25000/- on a loan of Rs 1 cr for 1 year thereby outweighing the cost of rating from CARE. Top 10. Benefit to Banks CARE Ratings facilitates Pricing of loan products / attractive terms It is also useful in compliance with regulatory and capital adequacy norms Helping the banker through Early warning signals through review ratings as mandated by it 11.Industry-benchmarkedratings CARE Ratings take into account industry dynamics by factoring in a system through which an SME could compare its strengths and weaknesses with those of other companies in the same line of business. This is done through statistically derived industry benchmarks for various ratios. Government of India Rating Scheme Understanding the urgency faced by the MSME units, Ministry of MSME, Government of India through NSIC has signed a Memorandum of Understanding with CARE to provide Performance and Credit Rating services. The scheme was launched by the Honorable Finance Minister and is approved by Indian Banks Association (IBA). THE MINISTRY OF MSME IS OFFERING A SUBSIDY OF 75% ON THE CARE RATING FEE. The scheme is set to educate MSME units about financial matters. Scheme Features Rating and services fee structure based on turnover  Scheme implemented through NSIC , a nodal agency of Govt. of India Rating approved by Indian Banks Association (IBA) Subsidy of 75% on rating fee provided by the Ministry of MSME Care also do provide the following ratings: Credit Rating of Debt Instruments 1.       Commercial Paper 2.       Fixed Deposits 3.       Bonds and Debentures 4.       Redeemable Preference Shares 5.       Loans 6.       Certificate of Deposits 7.       Structured Obligations Issuer Rating Loan Rating (Under Basel II - Long-term & Short-term) – Basel II FAQ’s IPO Grading Recovery Ratings Fund Credit Quality Rating Rating of Capital Protection Schemes Securitisation Rating : ABS/MBS Claims Paying Ability Rating of Insurance Companies Corporate Governance Ratings SME Rating Infrastructure Ratings Sub-sovereign Ratings Microfinance Institution (MFI) Grading Grading of the Construction Entities Grading of courses offered by Maritime Training Institutes (MTIs) Rating of Parallel Marketers of LPG and Kerosene Rating of Collective Investment Schemes SSI Rating Rating of Urban Local Bodies/Multiple Bonds Rating of Urban Local Bodies under JNNURM For more details call us to discuss how we can help you or  visit us at www.vitalconsulting.co.in Head/ Work Office VITAL CONSULTING Contact Person: Rakesh Dwivedi  H1/114, Garg Tower  Tower-I,  Netaji Subhash Place,                                                                                          Pitam Pura,  New Delhi, INDIA PIN - 110 034 Phone: +(91)-(011)-47086954                                                                                                                                  Mobile: +(91)-9716231789, +(91)-9210659265 E-mail: vitalconsultingindia@gmail.com