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Old April 19th, 2016, 01:21 PM
Rahul Pratik
Super Moderator
 
Join Date: Nov 2011
Default Re: SME Rating Agency of India Ltd SMERA

Hey as SMERA Ratings Ltd (SMERA) is a full service credit rating agency
exclusively set up for micro, small and medium enterprises (MSME) in India
and has grown to rate SME, mid & large corporate

SMERA

SMERA, operational from September, 2005, is a third-party credit rating
agency exclusively set up for MSMEs.

It provides ratings that are comprehensive, transparent and reliable and
which would enable the rated units to raise bank loans at competitive rates
of interest.

As on December 31, 2009, SMERA had cumulatively completed 5389 ratings,
including 1945 MSMEs ratings during Apr - Dec, 2009.

Risk profiling studies in respect of 13 MSME clusters have been completed.

SMERA has signed MoU with 26 banks for offering interest rate concession to
the better rated units.

RBI has been requested for accreditation of SMERA

Accreditation


SMERA has been registered under Securities and Exchange Board of India
(Credit Rating Agencies) Regulations, 1999 making it only the sixth rating
agency in India to rate issues such as IPO, bonds, commercial papers,
security receipts and others.

SMERA is also accredited by Reserve Bank of India (RBI) as an external
credit assessment institution (ECAI) to rate bank loan ratings under Basel II
guidelines.

Achievements

The Association of Development Financing Institutions in Asia and the Pacific
(ADFIAP) has awarded SIDBI with "Outstanding Development Project Award"
for setting up SMERA.

The award was given under the SME Development Category during the 30th
ADFIAP Annual Meeting held on May 10, 2007 at Hanoi, Vietnam.
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