SMERA CEO, Sankar Chakraborti comments on the CRA new regulations by SEBI
08-Jan-18 | Business Standard

Sankar Chakraborti, CEO of SMERA, a government CRA, says newer CRAs "bring in a sense of sanity to the industry” and that regulators, the government, and other stakeholders have to be convinced that they (new CRAs) should not suffer under changes in law.

Further steps on GST to boost consumption and push growth
14-Nov-17 |

SMERA Ratings believes that the implementation of the GST is structurally positive for India in the medium to long term.

SIDBI, SMERA praise bank recapitalisation plan
26-Oct-17 | The Economic Times | Business Standard | NDTV Profit

"This large recapitalisation plan would be positive for the credit quality of these bonds and serve to reinforce the expectation of strong government support for these banks," said Sankar Chakraborti, CEO, SMERA Ratings Ltd.

SMERA CEO Sankar Chakraborti writes on the state of capital market in a report released at CAPAM - a FICCI meet on capital markets
06-Sep-17 | 14th Annual Capital Market Conference

India is among the fastest growing economies currently and going forward, debt capital market will be one of the major drivers of the growth continuum.

Robust infrastructure investment and capital expenditure by the corporate sector are likely to be the major charioteers of the Indian growth story.

To read more, please click here

FDI in India: Modi must address regional disparities for economic growth
23-Jul-17 | DailyO

Eastern India possesses immense potential with a report by a rating agency (Smera) stating that by 2035, the region has the potential of being a $3 trillion, with Bengal being the hub.

India's retail inflation seen cooling to new record low in May - Reuters poll
09-Jun-17 | The New Indian Express | Hellenic Shipping News | Business Standard

Inflation in India is expected to have cooled to a new record low in May, a Reuters poll found, which could add pressure on the Reserve Bank of India to cut interest rates later in the year.

India seen staying fastest growing major economy in Jan-March quarter - Reuters poll
29-May-17 | Reuters | The New Indian Express | Money Control | Industry Leaders Magazine

India remained the fastest growing major economy in the world last quarter, with growth buoyed by an improved performance in manufacturing and services, a Reuters poll of economists found.

SMERA Ratings Limited is now a part of "Reuters Economist Poll"
11-May-17 | Reuters

Inflation seems to have cooled in April due to lower food prices, but the pullback may not give the Reserve Bank of India enough leeway to ease monetary policy anytime soon, according to a poll conducted by Reuters.

SMERA Ratings finds positive impact of the new Banking Regulation Act
10-May-17 | Indian Tiny Star

The amendment of the Banking Regulation Act would give RBI more powers to directly intervene in NPA resolution; the development will help break the balance sheet sickness currently faced by commercial banks.

SMERA CEO Sankar Chakaraborti’s views on setting up of the New Development Bank and rationale for BRICS credit rating agency
01-Apr-17 | World Trade Centre Mumbai

Mr. Sankar Chakraborti, CEO, SMERA Ratings Limited shared his views on  the proposed BRICS Credit Rating Agency in the report Engineering of the BRICS Engagement by World Trade Centre Mumbai. Also published  SMERA's Case study on Relook of India's Sovereign Ratings.

Mr. Chakraborti said, "The economic co-operation of the BRICS Alliance has been gaining traction in recent years as is visible from the setting up of the New Development Bank (NDB), bilateral currency swap arrangement, contingent reserve arrangement and so on.

In future, all the five member countries can gain substantially by setting up a common ratings agency to issue credit scores on the financial position of governments, public sector undertakings, private sector companies and, more importantly, the small and medium enterprises in the BRICS countries.”

To read more, please click here


CoinTribe and SMERA Ratings Join Hands to Simplify MSME Loan Facilitation
21-Mar-17 | Business World

SMERA signed an MoU with CoinTribe, Indian online lending marketplaces with a aim to counter the traditional inefficiencies in the credit assessment of MSMEs and to provide state-of-the-art technology driven services of CoinTribe to SMERA-rated SMEs. It also intends to create new credit rating frameworks by converging technological and field expertise of both the industry leaders

CoinTribe ties up with credit rating agency SMERA
20-Mar-17 | The Economic Times

SMERA has tied up with CoinTribe, Indian online lending marketplaces with a aim to counter the traditional inefficiencies in the credit assessment of MSMEs and to provide state-of-the-art technology driven services of CoinTribe to SMERA-rated SMEs. It also intends to create new credit rating frameworks by converging technological and field expertise of both the industry leaders.

SMERA Ratings upgrades Srei Equipment Finance NCDs
16-Mar-17 | Business Line

SMERA Ratings has upgraded the ratings of its unsecured subordinated non-convertible debentures aggregating Rs. 700 crore and secured unsubordinated NCDs aggregating Rs. 700 crore to 'SMERA AA+' with a stable outlook from 'SMERA AA'.

Bad loans from SMEs may surge in March quarter
09-Mar-17 | The Economic Times

Sankar Chakraborti, CEO, SMERA said "Demonetization has impacted MSME's pretty badly and it's still to be seen whether once the moratorium period is over, how much their performance will decline. But demonetization cannot be solely blamed for the deteriorating quality of an SME book. It's also because banks are not proactively expanding their book, and hence much of the problem loans remain without fresh SME disbursals being added."

MRSS India retains credit rank MSE1 from SMERA Ratings
17-Feb-17 | India Today | Business Standard

MRSS India has retained credit rating of MSE1 from SMERA Ratings Ltd for a second consecutive year, indicating uppermost credit worthiness based on financial strength and operating performance.

Pincon Spirits' credit ratings revised upward by SMERA to BBB+
15-Feb-17 | India Infoline News Service

SMERA has revised the long term ratings of Pincon Spirits to BBB+ from BBB; and the outlook is stable.

SMERA Ratings Limited: A full service rating agency promoted by SIDBI, D&B and 10 large banks
01-Feb-17 | indian tiny star

The mindsets of SMEs are changing as they are keen to be credit worthy through better credit rating. They are becoming more professional but are too keen to have better ease in doing business. Introducing fiscal incentives for meeting compliance requirements and friendly tax regime will further ease the atmosphere of doing business. That will instill new confidence in them, make them more optimistic about their strength and go for credit rating to convince institutional lenders for a better deal. The era of e-governance and India’s gradual shift towards cashless economy may make all business operations more transparent, though SMEs still have huge challenges in managing the sudden changes. They need an atmosphere under which they can do business without worrying about tax and compliance inspectors. That will help the SMEs become more transparent and optimistic," Mr Sankar Chakraborti, Chief Executive Officer, SMERA Ratings Ltd.

Jewellery chains in expansion drive
28-Jan-17 | Business Standard

"Lot of stringent norms has been implemented by the government regarding purity, hallmarking and grading for jewellery sector. For small jewellers it may not possible to fulfil all the compliances and also awareness in buyers has diverted demand from unorganised players to organised players," said the Karan Mehrishi, lead economist SMERA Knowledge Centre.

Cash crunch cripples SMEs; fillip after one quarter
20-Jan-17 |

Sankar Chakraborti, Chief Executive Officer at a credit rating agency, SMERA Ratings adds, "SMEs, and more importantly micro SMEs are going through considerable hardship. The action of demonetization itself may not have impacted them as much as the ensuing scarcity of currency note. This segment wasn't big hoarders of unaccounted for income, but their dependence on physical cash transaction was high."

Srei arm to raise Rs 500cr via bonds
27-Dec-16 | The Telegraph

Srei Equipment Finance, a wholly owned subsidiary of Srei Infrastructure Finance, plans to raise Rs 500 crore through non-convertible debentures (NCDs) in January 2017. The issue has been rated stable by Smera.

Kogta Financial raises Series A from IIFL Seed Ventures Fund
24-Oct-16 | VC Circle

The net worth of Rajasthan-based NBFC Kogta Financial India Ltd improved to Rs 28.51 crore in FY16 against Rs 25.98 crore in FY15, said SMERA Ratings in its September 2016 report.

A bumper kharif harvest likely
24-Aug-16 | The Economic Times

Karan Mehrishi, lead economist at SMERA Ratings, expects output of pulses total 7.7 million tonnes, up 39 per cent from last season. Production of rice is predicted to be 91.3 million tonnes, while that of coarse cereals is expected at 30.3 million tonnes.

Pulses production may exceed 20 Mt in FY17
24-Aug-16 | Business Standard

Rating agency SMERA believes that domestic production of pulses will exceed 20 million tonnes.

Textile and hospitality sectors likely to face risk of prolonged slump
15-Jun-16 | The Economic Times

The gloomy global economic outlook is expected to slow foreign tourist inflow resulting in higher dependency on a relatively price sensitive domestic tourists. Occupancy rate have remained below 55 per cent for the sector impacting the margins and debt repaying capacity, SMERA said, adding: "The current stress level of the industry continues to be high on account of low net cash accruals."

Financial stress in many industries will ease: study
15-Jun-16 | The Hindu

The financial stress levels for banks will subside to an extent across sectors due to increased consumer spending following normal monsoon and a healthy pace of infrastructure investment, according to a study conducted by SMERA.

Banks to sit tight on loans as jewellers face fall in earnings
13-Jun-16 | The Economic Times

"The gems and jewellery sector is under high stress due to weak export demand and moderation in domestic demand over the past 18-24 month period. Stress levels in the diamond processing segment is higher as compared to jewellery on account of low value addition and elongated working capital cycle leading to weaker profitability," SMERA Ratings

Sugar shares hit 52-week high; Dharani Sugars, Thiru Arooran Sugars up over 10%
06-Jun-16 | Business Standard

Credit rating agency Smera Rating Limited estimates that sugar prices will be range bound between Rs 3,300 and Rs 3,900 per quintal based on a standard deviation of Rs 330 and average at Rs 3,600 by the next seasonal cycle that starts from September2016 and ends at April 2017.

Yash Chemex coming with an IPO to raise up to Rs 2.51 crore
06-Jun-16 | Live Mint

Yash Chemex, a SMERA rated company, coming with an IPO to raise up to Rs 2.51 crore

Microfinance Firm Grameen Koota Lowers Interest Rates
06-Jun-16 | Business Wire

Bangalore-based microfinance firm Grameen Koota Financial Services Pvt. Ltd. rated as 'COCA 1' by SMERA for a code of conduct adherence

Sugar will in Rs 3,300-3,900 range till April 2017: SMERA Perspective
01-Jun-16 | Business Standard

SMERA Ratings Limited estimates that sugar prices will be range bound between Rs 3,300 and Rs 3,900 per quintal based on a standard deviation of Rs 330 and average at Rs 3,600 by the next seasonal cycle that starts from September2016 and ends at April 2017.

Small savings schemes interest cut signals better fiscal alignment: SMERA
01-Apr-16 | Business Standard

The small and medium enterprises (SME) credit rating agency SMERA Ratings has projected a repo cut of 25 bps in the April 5 policy meeting amid improved effectiveness of India's fiscal policy in further loosening of the monetary policy.

MSMEs can reap upto 2 trillion business from Budget boost says a report
28-Mar-16 | | Business Standard | Daily News & Analysis


Capacity underutilisation behind weak IIP numbers: report
16-Mar-16 | Business Standard

Excess inventory in the system and capacity under-utilisation were the main reasons behind weak index of industrial production (IIP) numbers, a recent report by credit rating agency SMERA says. The January 2016 IIP and Core Industry numbers are consistent with the trend experienced in the previous three months with all categories continuing to maintain status quo. Overall, industry output declined by 1.5%.


Bullet train will be daunting project, say experts
01-Feb-16 | Business Line

Sankar Chakraborti, CEO, SMERA Ratings on Bullet train project, said, "The project will have far-reaching effects in terms of technology diffusion across the value chain, helping India take an immense leap. The initiative will have a ripple effect on the MSME sector, strengthening India's capabilities in line with the Make in India plan"

Act Near-East
26-Jan-16 | The Indian Express

A report by Smera Ratings suggests that West Bengal, Odisha, Bihar, Jharkhand, Chhattisgarh, Assam and the other northeastern states could contribute a quarter of India's GDP within the next 20 years, as against their current combined share of 16.5 per cent.

MRSS Receives Highest Possible 'Credit Rating' From SMERA
25-Jan-16 | PRNewswire

SMERA Ratings Ltd. has assigned SE1 A rating to Majestic Research Services & Solutions Ltd (MRSS India Ltd.), a leading digital market research agency on parameters of highest performance capability and high financial strength.

Eastern states led by West Bengal can be a $3 tn economy by 2035
24-Jan-16 | The Financial Express

A report by domestic rating agency Smera Ratings says the critical location of Bengal makes it the potential business hub of a USD 3 trillion regional economy by 2035, when the size of national GDP is likely to touch USD 11.34 trillion.

Chennai floods wash out Rs 105 crore of SME auto components sector
27-Dec-15 | The Economic Times

On a most conservative side, MSME sector has lost nearly Rs 1,700 crore to the calamity in just two peak weeks of the flooding," SMERA Ratings lead economist Karan Mehrishi told .

Critics, here's what the bullet train is giving back to economy
24-Dec-15 | Daily News & Analysis

If the government makes 30% mandatory sourcing from Micro Small and Medium Enterprises for these projects, it can create a $51 billion window of opportunities for the sector, according to the report by domestic agency Smera Ratings.

Insurance industry sees claims in India rising to decade-high on Chennai floods
09-Dec-15 | Live Mint | Business Line

SMERA estimates that the weekly financial impact of Chennai floods on the region

SKS Power seeks new investors for Chhattisgarh plant
26-Jul-15 | The Financial Express

The parent company, SKS Ispat and Power, is not performing very well either, with the company's loan account being restructured under the CDR cell. An April 2015 report by SMERA Ratings notes that Rs 1,023.35 crore of bank facilities of the company are under the CDR mechanism. organizes 'Alibaba Business Circle' in Surat to educate SMEs on global business opportunities through e-commerce
23-Dec-14 | brought the Vadodara Chamber of Commerce & Industry (VCCI), The Southern Gujarat Chamber of Commerce & Industry (SGCCI) ICICI Bank and SMERA Ratings Ltd together for the Alibaba Business Circle, a unique initiative aimed at educating SMEs in Surat on global trade opportunities and leveraging online commerce.

SMERA targets to double revenues to Rs 100 crore in FY17
07-Sep-14 | The Economic Times

Small-businesses focussed rating agency SMERA is hoping to close the fiscal with revenues of Rs 50 crore and targeting to take it up to Rs 100 crore in the next financial year 2015-16, a top official has said.

Ratings for NGOs launched
05-Sep-14 | Business Standard

With amendments to the Companies Act making social welfare spending mandatory, small businesses-focused rating agency SMERA today launched a specialised grading system for non profit organisations (NGOs). SMERA's grading will focus on integrity of the NGO, the impact which its work is having and its implementation efficiency, its chief executive Sankar Chakraborti said.

SMERA Ratings appoints Sankar Chakraborti as CEO
17-Jul-14 | VC Circle | Business Standard | Franchise India

SMERA Ratings apoints Sankar Chakraborti as its New CEO

SMERA Ratings Ltd. completes 25000 MSME ratings
06-Jan-14 | PRWEB UK

India's leading credit rating agency SMERA Ratings Ltd (SMERA) has recently completed 25,000 Micro, Small & Medium Enterprises - (MSME) ratings in India.This milestone was achieved by SMERA in 8 years of its operations.

SMERA assigns its maiden bank loan rating to Nirmal Fibres
28-Dec-12 | Business Standard

SME Rating Agency of India has assigned its maiden Bank Loan Rating to Nirmal Fibres Private limited. SMERA has assigned a rating of 'SMERA BB+' to the Rs 5.5 crore cash credit facilities and 'SMERA A4+' to the Rs 50 lakh bill discounting/letter of credit facility and Rs 5.5 crore to the bank guarantee facility of Nirmal Fibres Private Limited.

Bank to use SMERA ratings for SME lending: RBI
18-Sep-12 | SME Times News Bureau

The Reserve Bank of India (RBI) has approved SME Rating Agency of India (SMERA) as an eligible external credit assessment institution under the Basel norms

SMERA assigns 15,000th SME credit rating
02-Apr-12 |

SME Rating Agency of India Ltd (SMERA) has assigned its 15,000th SME Credit Rating to M/s Magnum Pigments & Polymers Pvt Ltd.

SMERA assigns 2/5 rating on Tejora Tech IPO
14-Oct-11 |

SMERA has assigned SMERA 'IPO Grade 2' (two on five) to the proposed Initial Public Offer (IPO) of Tejora Technologies Limited

Karur Vysya Bank inks MoU with SME Rating Agency
01-Nov-08 |

Karur Vysya Bank (KVB) has informed that it has signed a memorandum of understanding (MoU) with SME Rating Agency of India (Smera) to enable its SME Borrowers to get rated themselves.

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