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2014-01-10

SMERA completes rating of 25,000 MSMEs

RBI and SEBI accredited credit rating agency for MSMEs, SME Rating Agency of India (SMERA) has recently completed 25,000 MSME ratings in India.

RBI and SEBI accredited credit rating agency for MSMEs, SME Rating Agency of India (SMERA) has recently completed 25,000 MSME ratings in India.

 

The popularity of credit ratings within the MSME sector was possible due to affordable cost of rating facilitated by the subsidy provided by the Ministry of MSME, Government of India and efficient execution of the scheme by National Small Industries Corporation – (NSIC).

 

Parag Patki, CEO, SMERA Ratings Ltd, said, “The MSME sector is the backbone of any economy, and the heath of the MSME sector is critical to ride the forthcoming wave of economic revival for the country. We expect increasing opportunities for the MSME sector with the Indian Government taking measures to improve investment climate along with initial signs of economic revival in the developed economies.”

 

He further added, “SMERA remains committed to facilitating the growth of the MSME sector in India through its credit ratings services and is looking forward to participate in the orderly growth of the sector.”

 

MSME’s derive potential monetary and non-monetary benefits by availing SMERA’s Credit Rating services, besides building confidence in their lenders, customers, employees as well as suppliers.

 

Ashutosh Satsangi, Vice President–Operations, said, “SMERA has rated the companies diversified across sectors including Metal and Metal products, Electrical and Engineering Goods, Capital Goods, Textile, Plastic, and Food & Agro along with the companies in to Trading and Auto Ancillary business. The portfolio is geographically diversified with the Western region contributing the most to the total rated universe of SMERA with 42% followed by Northern region contributing to the tune of 28%. Contribution from Southern region and Eastern region stands at 24% and 6% respectively.”

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