| ISO 9000 Certification Consulting Services Suppliers in We provide process certifications, which help to attain world class certification such as ISO 9000:2008, ISO 14001:2004, HACCP, ISO22000:2005, ISO 27001:2005, OHSAS 18001:2007, CE marking, ISO 13485:2003. We can provide ISO ISO 9000:2008 @12500 IN 10 DAYS. To know about the cost of certification/audit to ISO 9001:2008, please call us on details provided. 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 VITAL CONSULTING, VITAL CONSULTING, H-1/114, Garg Tower, Netaji Subhash Place, Pitam Pura, New Delhi, INDIA PIN - 110 034 Phone (Off): +(91)-9716041789 Mobile: +(91)-97162-31789, 97162-57859 E-mail: vitalconsultingindia@gmail.com , info@vitalconsuling.co.in URL: www.vitalconsulting.co.in |
Saturday, March 3, 2012
ISO 9001:2008, please call us on details provided.
Saturday, December 3, 2011
Trademark Registration
Trademark Registration is becoming very essential for business entities around the world as more and more firms are coming up each day in a market with fierce competition. But what is Trademark Registration exactly and why is it so necessary?
A Trademark is basically a unique mark that is used by an individual, a business organization or a legal firm that establishes its entity and distinguishes it uniquely from others. It is acquired through a legal registration process and is a part of Intellectual Property Rights and is important tool of identification for prospective customers. It can be in various forms like :
A Trademark is basically a unique mark that is used by an individual, a business organization or a legal firm that establishes its entity and distinguishes it uniquely from others. It is acquired through a legal registration process and is a part of Intellectual Property Rights and is important tool of identification for prospective customers. It can be in various forms like :
· Words : Band - Aid, Vaseline, Aspirin, Dolby
· Names : Dacron, Dumpster, Formica, Frisbee, Ping-Pong, Post-it, Styrofoam, Teflon
· Logos and devices : Symbols for McDonalds, Nike, Apple, WWF, Google
· Combination of colors, shapes
Many words, which were originally registered as Trademarks, have now become an essential part of our vocabulary because of their immense popularity. This signifies how a Trademark can get diluted over time. In addition, a Trademark is also limited to National boundaries which constrict its use. Trademark Registration can be done in conventional & non-conventional forms and gives an entity the right to initiate legal proceedings against any person/firm for infringement and unauthorized use.
Types of Trademarks Commonly Seen:
· ™ A symbol of unregistered trademark
· ® A symbol of registered trademark
· SM A symbol of service - mark
· Other non-conventional Trademarks
Trademark Registration : The Process
· Rights can be acquired by two methods
o Through adopting the trademark and using it
o By applying to the Trademarks Registrar and paying a requisite fee
· Examination of the application resulting in approval or rejection
· Acceptance prior to Advertisement
· Publication of Trademark in TM Journal
· Issuance of Registration Certificate
The registration is done initially for a period of ten years after which, it has to be renewed after a gap of ten years.
Protection Criteria
A Trademark must make the goods or services of the proprietor / individual distinct from others and should not be similar in any way to existing / pending Trademarks
Trademark Act
Trademark Act of the US code is famous as the Lanham Act and it contains all the statutes of Trademark Laws prohibiting infringement & dilution of Trademarks across USA as well as illegal advertising.
Indian Trademark Registration
Trademarks are useful tools for registering the identity of an individual or organization but they are applicable only in the country where they were registered. Trademark Registration is susceptible to territoriality and every country has its own sets of Trademark Laws. Likewise, the process of Indian Trademark Registration differs from others and is governed by the Indian Trademarks Act 1999. The process of registering a trademark in India India are not legitimate in other countries and vice-versa but if an entity from a foreign country applies for the trademark in India
Indian Trademark Act 1999
An Act to amend and consolidate the law relating to trademarks, to provide for registration and better protection of trademarks for goods and services and for the prevention of the use of fraudulent marks.
The Indian Trademark Act applies to all states and union Territories of India. Trademarks should generally be registered in such a way that Indian Companies do not stand the risk of losing their identity while operating in the Global Market. In today’s world, when economic growth is taking place at a fast rate for developing countries likeIndia
Indian Trademark Act 1999
An Act to amend and consolidate the law relating to trademarks, to provide for registration and better protection of trademarks for goods and services and for the prevention of the use of fraudulent marks.
The Indian Trademark Act applies to all states and union Territories of India. Trademarks should generally be registered in such a way that Indian Companies do not stand the risk of losing their identity while operating in the Global Market. In today’s world, when economic growth is taking place at a fast rate for developing countries like
International Trademark Registration
The International Trademark Registration system is a central system covering all jurisdictions, known as the Madrid System. This system offers protection to its members by extending International Registration by means of the World Intellectual Property Organization. The organization works in accordance with the laws governing the registration / application of the Trademark contender in their home country.
The Madrid System simplifies the International Trademark Registration process by streamlining it for millions of applicants from different countries. It acts as a central body that registers trademarks through a single application filed in the home country and providing registration for other countries. Changes in the form of name or address as well as the renewals, take place by a single procedure and the extent of registration can also be increased to member countries easily.
Another international system for Trademark Registration exists for the European Union (EU), which is a political cum economic union of 27 European countries (also called member states) called the Community Trademark System (CTM). Registration here requires registering the Trademark with Office for Harmonization in the Internal Market (OHIM) which is applicable all across the EU. For a country that is not a member state, there should be professional representatives to the procedures before OHIM. The CTM operates side-by-side with the other International systems and offers a common platform for the EU countries for registering their trademarks in a uniform manner.
The Madrid System simplifies the International Trademark Registration process by streamlining it for millions of applicants from different countries. It acts as a central body that registers trademarks through a single application filed in the home country and providing registration for other countries. Changes in the form of name or address as well as the renewals, take place by a single procedure and the extent of registration can also be increased to member countries easily.
Another international system for Trademark Registration exists for the European Union (EU), which is a political cum economic union of 27 European countries (also called member states) called the Community Trademark System (CTM). Registration here requires registering the Trademark with Office for Harmonization in the Internal Market (OHIM) which is applicable all across the EU. For a country that is not a member state, there should be professional representatives to the procedures before OHIM. The CTM operates side-by-side with the other International systems and offers a common platform for the EU countries for registering their trademarks in a uniform manner.
WE provide trademark Registration Consultants @ Rs 2500 only (Excluding the govt fee)
VITAL CONSULTING,
H-1/114, Garg Tower, Netaji Subhash Place, Pitam Pura, New Delhi, INDIA PIN - 110 034
Phone: +(91)-97160-41789, 9716231789, 9716257859
E-mail: vitalconsultingindia@gmail.com, vitalcertifications@gmail.com
H-1/114, Garg Tower, Netaji Subhash Place, Pitam Pura, New Delhi, INDIA PIN - 110 034
Phone: +(91)-97160-41789, 9716231789, 9716257859
E-mail: vitalconsultingindia@gmail.com, vitalcertifications@gmail.com
Tuesday, November 15, 2011
ISO 9001:2008 QMS Certification @ Rs. 15000
Get ISO 9001:2008 QMS Certification @ Rs. 15000 * T&C
Dear Sir,
ISO 9001 Quality Management System is the most successful tool for improving business process of an organization. Known for it's process approach and customer centric requirement, ISO 9001:2008 has become the most sought after standard by the organizations across industry verticals.
Today, when customer is the king, economy is rapidly moving forward, construction industry is showing 20% CAGR and business environment dynamic, any organization in the field of construction needs to have a well defined, robust and results oriented management system to achieve sustainable competitive advantage in the market place.
Traditionally manufacturing and in recent times service industries have achieved remarkable benefits in business processes and performance by adopting a well defined quality management system. The same benefits can be achieved by the construction & real estate development industry if they implement an ISO 9001:2008 quality management system.
Thus, ISO 9001:2008 Quality Management System is the best tool available to increase productivity, streamline operations, increase customer satisfaction and improve profit margins through superior quality of product, process and service.
A well established ISO 9001:2008 quality management system delivers the following benefits to construction industry.
- Consistent and effective control of key processes and project management.
- Promotion and standardization of good working practices.
- Provision of a vehicle for training new employees.
- Effective management of risk and improved crisis management.
- More effective data analysis, generation of key performance metrics and continual improvement objectives.
- Greater emphasis on communication, leadership, change management and adequacy of training.
- A planning and review process which ensures the system in place remains suitable, effective and capable of identifying new opportunities.
- Effective remote site management, accountability and contractual control.
- Promoting control of suppliers and subcontractors and the development of effective supply chain management.
- World-wide recognition and improved market image.
In a survey conducted on ISO 9001 certified companies in construction industry, the following interesting results were observed.
- 30% Reduction in customer complaints
- 95% improvement in delivery time
- Reduced defects from 3% to 0.5%
- 40% reduction in product cycle time.
- 20% increase in on-time delivery
Time required for ISO 9001 quality management consultancy and certification for construction companies varies from 2 months to 6 months depending on size and nature of complexity of an organization. Ideally speaking, money spent on ISO 9001 quality management system implementation and certification is an investment that pays back very heavily in time to come. Total investment in ISO 9001 consultancy and certification varies from Rs. 15000/- to 2,00,000/- as per size and nature of an organization.
Vital Consulting can help you implement ISO 9001 in your organization in the most effective, economical and result oriented manner. With Vital Consulting, your ISO 9001 certification is 100% assured with resultant improvements in your business processes and performance.
We are associated with many certification bodies to select you the best accreditations and economical certification
For more details call us to discuss how we can help you or visit us at
www.vitalconsulting.co.in or www.vitalgroup.in or mail at info@vitalconsulting.co.in or vitalconsultingindia@gmail.com
For more details call us to discuss how we can help you or visit us at
www.vitalconsulting.co.in or www.vitalgroup.in or mail at info@vitalconsulting.co.in or vitalconsultingindia@gmail.com
Sincere Regards,
Rakesh Dwivedi
Head-Strategic Business
VITAL CONSULTING
H-1/114, Garg Tower, Netaji Subhash Place, Pitam Pura, New Delhi- 110 034
Office: (L):011-65888706, 97162-57859
Direct: (M)+(91)-97162-31789, 97160-41789
E-mail: vitalconsultingindia@gmail.com , info@vitalconsuling.co.in
URL:www.vitalconsulting.co.in , www.vitalgroup.in
Blog :http://vitalconsulting.blogspot.com
*Group*: http://groups.google.com/group/msme-consulting<http://groups.google.com/group/msme-consulting>
Friday, November 4, 2011
NSIC–ONICRA PERFORMANCE AND CREDIT RATING SCHEME for SMALL SCALE INDUSTRIES (SSI) is a Government of India initiative with NATIONAL SMALL INDUSTRIES CORPORATION LTD (NSIC) appointed as the nodal agency for the implementation of the scheme
75% Govt. Subsidy on NSIC-CARE Performance and Credit Rating Scheme ( Please Ignore this mail if your unit is not an Registered Small Scale industry)
Dear Sir,
This is further to our telephonic discussion with our representative.
.
I would also wish to thank you for allowing us to introduce as business associates of CARE Limited, a RBI &SEBI Accredited independent Rating Agency of India
The recent changes in the industrial climate world over and the liberalization of economic environment in our country have thrown up many opportunities and challenges to the small-scale industries. Therefore, there is a need to create awareness amongst small-scale units about the strength and weakness of their existing operations and to provide them an opportunity to enhance their organization strength.
As a step in this direction, a scheme for rating of small-scale industries has been prepared by involving Industry Associations, Indian Banks' Association and CARE. The scheme has been approved by the Govt. of India
NSIC-CARE rating provides an opinion on the company's operating performance and financial strength.
The Ministry of SSI is providing subsidy of 75% of NSIC-CARE rating fees.
Benefits of NSIC-CARE rating:
· Acceptability with Banks: The Indian Banks Association enhances the acceptability with banks, lenders and financial institutions. This also gives access to quicker and cheaper credit thereby economizing the cost of lending.
· Confidence among buyers: It shows your operating performance and financial strength, which will infuse confidence among buyers while taking decisions.
· Creating awareness: It gives you detailed analysis of your units' strengths and weaknesses, which can be used to strengthen your operations and finances also. It provides you with the analysis of owners, promoters, directors of SSI unit, which can be used to develop the skills and getting insight.
· Evaluating performance: It provides you with the evaluation of your units' as well as yours operational and financial performance. This gives you an insight of your operations and finances, which are unbiased.
· Risk Management: It provides you the parameters to measure operational, financial, managerial and business risks.
· Identifying areas of improvement: It helps you in identifying the areas of improvement and put focus on the strengths.
Advantages of rating by CARE:
· Regulatory Recognition
CARE Ratings are recognized by Government of India and regulatory agencies inIndia India
CARE Ratings are recognized by Government of India and regulatory agencies in
· Independent
CARE is an independent rating agency promoted by major banks and financial institutions inIndia India India
CARE is an independent rating agency promoted by major banks and financial institutions in
· Professional
CARE Ratings endeavor has been to provide investors and risk managers with independent, authentic and insightful credit opinions based on detailed in-depth research, which encompasses detailed analysis of risks that affect credit quality of an issuer. CARE's analyst strength consists of large number of well qualified and multi-faceted professionals from diverse backgrounds such as; financial analysts, economists, sector specialists, chartered accountants, chartered financial analysts and financial risk managers.
CARE Ratings endeavor has been to provide investors and risk managers with independent, authentic and insightful credit opinions based on detailed in-depth research, which encompasses detailed analysis of risks that affect credit quality of an issuer. CARE's analyst strength consists of large number of well qualified and multi-faceted professionals from diverse backgrounds such as; financial analysts, economists, sector specialists, chartered accountants, chartered financial analysts and financial risk managers.
· Experienced
CARE has over a decade of experience in rating various types of instruments. CARE assigned its first rating in November 1993 and upto March 31, 2010, CARE had completed 7654 rating assignments for an aggregate value of about Rs23121 bn. With a large number of qualified and experienced multi-faceted analyst and presence in all major metros ofIndia
CARE has over a decade of experience in rating various types of instruments. CARE assigned its first rating in November 1993 and upto March 31, 2010, CARE had completed 7654 rating assignments for an aggregate value of about Rs23121 bn. With a large number of qualified and experienced multi-faceted analyst and presence in all major metros of
· Wide Sectoral Coverage
CARE is a full service rating company offering a wide range of rating and grading services which includes rating debt instruments/enterprise ratings of Corporate, Banks, Financial Institutions (FIs), Public Sector Undertakings (PSUs), State Government bodies, Municipal Corporations, Non-banking Finance Companies `(NBFCs), SMEs, Micro finance institutions, Structured finance Securitization transactions. In addition, CARE Ratings undertakes Corporate Governance ratings, Mutual Fund Credit quality ratings, IPO grading, Claims Paying Ability rating of Insurance Companies, Grading of Construction Entities and Issuer ratings.
CARE is a full service rating company offering a wide range of rating and grading services which includes rating debt instruments/enterprise ratings of Corporate, Banks, Financial Institutions (FIs), Public Sector Undertakings (PSUs), State Government bodies, Municipal Corporations, Non-banking Finance Companies `(NBFCs), SMEs, Micro finance institutions, Structured finance Securitization transactions. In addition, CARE Ratings undertakes Corporate Governance ratings, Mutual Fund Credit quality ratings, IPO grading, Claims Paying Ability rating of Insurance Companies, Grading of Construction Entities and Issuer ratings.
· Market Acceptance
CARE has a significant rating coverage of the Indian Banks and Financial Institutions, who are also amongst the major investors in the Indian bond markets. This, acknowledges the confidence of Indian Institutional Investors in CARE Ratings. CARE ratings are also used by a wide range of investors including Mutual Funds, Insurance companies, Provident funds, Corporate and Retail investors.
CARE has a significant rating coverage of the Indian Banks and Financial Institutions, who are also amongst the major investors in the Indian bond markets. This, acknowledges the confidence of Indian Institutional Investors in CARE Ratings. CARE ratings are also used by a wide range of investors including Mutual Funds, Insurance companies, Provident funds, Corporate and Retail investors.
| Rating Experience: (As at March 2010)
|
The NSIC-CARE rating fees is as follows:
| | Turnover (Rs Lakh) | ||
| Particulars | < 50 | 50-200 | >200 |
| Rating Fees (Rs.) | 27000 | 35000 | 47000 |
| Service Tax @ 10.3 % (Rs.) | 2,781 | 3,605 | 4,841 |
| Total Fees (Rs.) | 29,781 | 38,605 | 51,841 |
| Subsidy from NSIC (Rs.) | 22,336 | 28,954 | 38,881 |
| Amount payable by SSI (Rs.) | 7445 | 9651 | 12960 |
| Renewal Fee excluding Service Tax | 8100 | 10500 | 14100 |
*SSI unit needs to pay only their share of 25% of total rating fees as given in above table, rest 75% will be paid by NSIC directly to CARE.
Units with green-field projects
| | Turnover (Rs Lakh) | ||
| Particulars | < 50 | 50-200 | >200 |
| Rating Fees (Rs.) | 50000 | 60000 | 75000 |
| Service Tax @ 10.3 % (Rs.) | 5,150 | 6,180 | 7,725 |
| Total Fees (Rs.) | 55,150 | 66,180 | 82,725 |
| Subsidy from NSIC (Rs.) | 25,000 | 25,000 | 25,000 |
| Amount payable by SSI (Rs.) | 30150 | 41180 | 57725 |
| Discount 15% | 4523 | 6177 | 8659 |
| Amount payable by SSI (Rs.) | 25628 | 35003 | 49066 |
| Renewal Fee excluding Service Tax | 15000 | 18000 | 22500 |
Looking forward for hearing from you soon to avail the benefits of such a wonderful initiative, which has been launched to help SSI units.
Please feel free to ask us for further information.
Yours truly,
For Vital Consulting
(Business Associate of Care Ratings)
Rakesh Dwivedi
VITAL CERTIFICATIONS AND BENCHMARKINGS
H-1/114,
Office: (L):011-65888706, 97162-57859
Direct: (M)+(91)-97162-31789, 97160-41789
E-mail: info@vitalvertifications.com
vitalcertifications@gmail.com
vitalconsultingindia@gmail.com ,
Monday, October 31, 2011
75% Govt. Subsidy on NSIC-CARE Performance and Credit Rating Scheme ( Please Ignore this mail if your unit is not an Registered Small Scale industry) Dear Sir, This is further to our telephonic discussion with our representative. . I would also wish to thank you for allowing us to introduce as business associates of CARE Limited, a RBI &SEBI Accredited independent Rating Agency of India. The recent changes in the industrial climate world over and the liberalization of economic environment in our country have thrown up many opportunities and challenges to the small-scale industries. Therefore, there is a need to create awareness amongst small-scale units about the strength and weakness of their existing operations and to provide them an opportunity to enhance their organization strength. As a step in this direction, a scheme for rating of small-scale industries has been prepared by involving Industry Associations, Indian Banks' Association and CARE. The scheme has been approved by the Govt. of India and it also has the approval of Indian Banks' Association. The scheme titled 'NSIC-CARE Performance and Credit Rating Scheme is launched by H'ble Finance Minister on 7th April 2005. NSIC-CARE rating provides an opinion on the company's operating performance and financial strength. The Ministry of SSI is providing subsidy of 75% of NSIC-CARE rating fees. Benefits of NSIC-CARE rating: • Acceptability with Banks: The Indian Banks Association enhances the acceptability with banks, lenders and financial institutions. This also gives access to quicker and cheaper credit thereby economizing the cost of lending. • Confidence among buyers: It shows your operating performance and financial strength, which will infuse confidence among buyers while taking decisions. • Creating awareness: It gives you detailed analysis of your units' strengths and weaknesses, which can be used to strengthen your operations and finances also. It provides you with the analysis of owners, promoters, directors of SSI unit, which can be used to develop the skills and getting insight. • Evaluating performance: It provides you with the evaluation of your units' as well as yours operational and financial performance. This gives you an insight of your operations and finances, which are unbiased. • Risk Management: It provides you the parameters to measure operational, financial, managerial and business risks. • Identifying areas of improvement: It helps you in identifying the areas of improvement and put focus on the strengths. Advantages of rating by CARE: • Regulatory Recognition CARE Ratings are recognized by Government of India and regulatory agencies in India. CARE is registered with the Securities and Exchange Board of India. CARE Ratings are also recognized by RBI, NABARD, NHB and NSIC. RBI has also recognized CARE Ratings as an eligible external credit rating agency for the purpose of Basel II implementation in India • Independent CARE is an independent rating agency promoted by major banks and financial institutions in India. The three largest shareholders of CARE are IDBI Bank, Canara Bank and State Bank of India. CARE is the only rating agency in India which operates with an independent rating committee comprising of senior and reputed professionals. • Professional CARE Ratings endeavor has been to provide investors and risk managers with independent, authentic and insightful credit opinions based on detailed in-depth research, which encompasses detailed analysis of risks that affect credit quality of an issuer. CARE's analyst strength consists of large number of well qualified and multi-faceted professionals from diverse backgrounds such as; financial analysts, economists, sector specialists, chartered accountants, chartered financial analysts and financial risk managers. • Experienced CARE has over a decade of experience in rating various types of instruments. CARE assigned its first rating in November 1993 and upto March 31, 2010, CARE had completed 7654 rating assignments for an aggregate value of about Rs23121 bn. With a large number of qualified and experienced multi-faceted analyst and presence in all major metros of India, CARE has a unique understanding of the local business, cultural and value systems and factors which affect the Indian economy. • Wide Sectoral Coverage CARE is a full service rating company offering a wide range of rating and grading services which includes rating debt instruments/enterprise ratings of Corporate, Banks, Financial Institutions (FIs), Public Sector Undertakings (PSUs), State Government bodies, Municipal Corporations, Non-banking Finance Companies `(NBFCs), SMEs, Micro finance institutions, Structured finance Securitization transactions. In addition, CARE Ratings undertakes Corporate Governance ratings, Mutual Fund Credit quality ratings, IPO grading, Claims Paying Ability rating of Insurance Companies, Grading of Construction Entities and Issuer ratings. • Market Acceptance CARE has a significant rating coverage of the Indian Banks and Financial Institutions, who are also amongst the major investors in the Indian bond markets. This, acknowledges the confidence of Indian Institutional Investors in CARE Ratings. CARE ratings are also used by a wide range of investors including Mutual Funds, Insurance companies, Provident funds, Corporate and Retail investors. Rating Experience: (As at March 2010) Total Assignments Completed 7654 Total Instruments Rated 7206 Total Volume of Debt Rated Rs.23121 bn Total Issuers Rated 2811 The NSIC-CARE rating fees is as follows: Turnover (Rs Lakh) Particulars < 50 50-200 >200 Rating Fees (Rs.) 27000 35000 47000 Service Tax @ 10.3 % (Rs.) 2,781 3,605 4,841 Total Fees (Rs.) 29,781 38,605 51,841 Subsidy from NSIC (Rs.) 22,336 28,954 38,881 Amount payable by SSI (Rs.) 7445 9651 12960 Renewal Fee excluding Service Tax 8100 10500 14100 *SSI unit needs to pay only their share of 25% of total rating fees as given in above table, rest 75% will be paid by NSIC directly to CARE. Units with green-field projects Turnover (Rs Lakh) Particulars < 50 50-200 >200 Rating Fees (Rs.) 50000 60000 75000 Service Tax @ 10.3 % (Rs.) 5,150 6,180 7,725 Total Fees (Rs.) 55,150 66,180 82,725 Subsidy from NSIC (Rs.) 25,000 25,000 25,000 Amount payable by SSI (Rs.) 30150 41180 57725 Discount 15% 4523 6177 8659 Amount payable by SSI (Rs.) 25628 35003 49066 Renewal Fee excluding Service Tax 15000 18000 22500 Looking forward for hearing from you soon to avail the benefits of such a wonderful initiative, which has been launched to help SSI units. Please feel free to ask us for further information. Yours truly, For Vital Consulting (Business Associate of Care Ratings) Rakesh Dwivedi VITAL CERTIFICATIONS AND BENCHMARKINGS H-1/114, Garg Tower, Netaji Subhash Place, Pitam Pura, New Delhi- 110 034 Office: (L):011-65888706, 97162-57859 Direct: (M)+(91)-97162-31789, 97160-41789 E-mail: info@vitalvertifications.com vitalcertifications@gmail.com vitalconsultingindia@gmail.com , Websites : www.vitalcertifications.com, www.vitalconsulting.co.in
75% Govt. Subsidy on NSIC-CARE Performance and Credit Rating Scheme ( Please Ignore this mail if your unit is not an Registered Small Scale industry)
This is further to our telephonic discussion with our representative.
.
I would also wish to thank you for allowing us to introduce as business associates of CARE Limited, a RBI &SEBI Accredited independent Rating Agency of India
The recent changes in the industrial climate world over and the liberalization of economic environment in our country have thrown up many opportunities and challenges to the small-scale industries. Therefore, there is a need to create awareness amongst small-scale units about the strength and weakness of their existing operations and to provide them an opportunity to enhance their organization strength.
As a step in this direction, a scheme for rating of small-scale industries has been prepared by involving Industry Associations, Indian Banks' Association and CARE. The scheme has been approved by the Govt. of India
NSIC-CARE rating provides an opinion on the company's operating performance and financial strength.
The Ministry of SSI is providing subsidy of 75% of NSIC-CARE rating fees.
Benefits of NSIC-CARE rating:
· Acceptability with Banks: The Indian Banks Association enhances the acceptability with banks, lenders and financial institutions. This also gives access to quicker and cheaper credit thereby economizing the cost of lending.
· Confidence among buyers: It shows your operating performance and financial strength, which will infuse confidence among buyers while taking decisions.
· Creating awareness: It gives you detailed analysis of your units' strengths and weaknesses, which can be used to strengthen your operations and finances also. It provides you with the analysis of owners, promoters, directors of SSI unit, which can be used to develop the skills and getting insight.
· Evaluating performance: It provides you with the evaluation of your units' as well as yours operational and financial performance. This gives you an insight of your operations and finances, which are unbiased.
· Risk Management: It provides you the parameters to measure operational, financial, managerial and business risks.
· Identifying areas of improvement: It helps you in identifying the areas of improvement and put focus on the strengths.
Advantages of rating by CARE:
· Regulatory Recognition
CARE Ratings are recognized by Government of India and regulatory agencies inIndia India
CARE Ratings are recognized by Government of India and regulatory agencies in
· Independent
CARE is an independent rating agency promoted by major banks and financial institutions inIndia India India
CARE is an independent rating agency promoted by major banks and financial institutions in
· Professional
CARE Ratings endeavor has been to provide investors and risk managers with independent, authentic and insightful credit opinions based on detailed in-depth research, which encompasses detailed analysis of risks that affect credit quality of an issuer. CARE's analyst strength consists of large number of well qualified and multi-faceted professionals from diverse backgrounds such as; financial analysts, economists, sector specialists, chartered accountants, chartered financial analysts and financial risk managers.
CARE Ratings endeavor has been to provide investors and risk managers with independent, authentic and insightful credit opinions based on detailed in-depth research, which encompasses detailed analysis of risks that affect credit quality of an issuer. CARE's analyst strength consists of large number of well qualified and multi-faceted professionals from diverse backgrounds such as; financial analysts, economists, sector specialists, chartered accountants, chartered financial analysts and financial risk managers.
· Experienced
CARE has over a decade of experience in rating various types of instruments. CARE assigned its first rating in November 1993 and upto March 31, 2010, CARE had completed 7654 rating assignments for an aggregate value of about Rs23121 bn. With a large number of qualified and experienced multi-faceted analyst and presence in all major metros ofIndia
CARE has over a decade of experience in rating various types of instruments. CARE assigned its first rating in November 1993 and upto March 31, 2010, CARE had completed 7654 rating assignments for an aggregate value of about Rs23121 bn. With a large number of qualified and experienced multi-faceted analyst and presence in all major metros of
· Wide Sectoral Coverage
CARE is a full service rating company offering a wide range of rating and grading services which includes rating debt instruments/enterprise ratings of Corporate, Banks, Financial Institutions (FIs), Public Sector Undertakings (PSUs), State Government bodies, Municipal Corporations, Non-banking Finance Companies `(NBFCs), SMEs, Micro finance institutions, Structured finance Securitization transactions. In addition, CARE Ratings undertakes Corporate Governance ratings, Mutual Fund Credit quality ratings, IPO grading, Claims Paying Ability rating of Insurance Companies, Grading of Construction Entities and Issuer ratings.
CARE is a full service rating company offering a wide range of rating and grading services which includes rating debt instruments/enterprise ratings of Corporate, Banks, Financial Institutions (FIs), Public Sector Undertakings (PSUs), State Government bodies, Municipal Corporations, Non-banking Finance Companies `(NBFCs), SMEs, Micro finance institutions, Structured finance Securitization transactions. In addition, CARE Ratings undertakes Corporate Governance ratings, Mutual Fund Credit quality ratings, IPO grading, Claims Paying Ability rating of Insurance Companies, Grading of Construction Entities and Issuer ratings.
· Market Acceptance
CARE has a significant rating coverage of the Indian Banks and Financial Institutions, who are also amongst the major investors in the Indian bond markets. This, acknowledges the confidence of Indian Institutional Investors in CARE Ratings. CARE ratings are also used by a wide range of investors including Mutual Funds, Insurance companies, Provident funds, Corporate and Retail investors.
CARE has a significant rating coverage of the Indian Banks and Financial Institutions, who are also amongst the major investors in the Indian bond markets. This, acknowledges the confidence of Indian Institutional Investors in CARE Ratings. CARE ratings are also used by a wide range of investors including Mutual Funds, Insurance companies, Provident funds, Corporate and Retail investors.
| Rating Experience: (As at March 2010)
|
The NSIC-CARE rating fees is as follows:
| | Turnover (Rs Lakh) | ||
| Particulars | < 50 | 50-200 | >200 |
| Rating Fees (Rs.) | 27000 | 35000 | 47000 |
| Service Tax @ 10.3 % (Rs.) | 2,781 | 3,605 | 4,841 |
| Total Fees (Rs.) | 29,781 | 38,605 | 51,841 |
| Subsidy from NSIC (Rs.) | 22,336 | 28,954 | 38,881 |
| Amount payable by SSI (Rs.) | 7445 | 9651 | 12960 |
| Renewal Fee excluding Service Tax | 8100 | 10500 | 14100 |
*SSI unit needs to pay only their share of 25% of total rating fees as given in above table, rest 75% will be paid by NSIC directly to CARE.
Units with green-field projects
| | Turnover (Rs Lakh) | ||
| Particulars | < 50 | 50-200 | >200 |
| Rating Fees (Rs.) | 50000 | 60000 | 75000 |
| Service Tax @ 10.3 % (Rs.) | 5,150 | 6,180 | 7,725 |
| Total Fees (Rs.) | 55,150 | 66,180 | 82,725 |
| Subsidy from NSIC (Rs.) | 25,000 | 25,000 | 25,000 |
| Amount payable by SSI (Rs.) | 30150 | 41180 | 57725 |
| Discount 15% | 4523 | 6177 | 8659 |
| Amount payable by SSI (Rs.) | 25628 | 35003 | 49066 |
| Renewal Fee excluding Service Tax | 15000 | 18000 | 22500 |
Looking forward for hearing from you soon to avail the benefits of such a wonderful initiative, which has been launched to help SSI units.
Please feel free to ask us for further information.
Yours truly,
For Vital Consulting
(Business Associate of Care Ratings)
Rakesh Dwivedi
VITAL CERTIFICATIONS AND BENCHMARKINGS
H-1/114,
Office: (L):011-65888706, 97162-57859
Direct: (M)+(91)-97162-31789, 97160-41789
E-mail: info@vitalvertifications.com
vitalcertifications@gmail.com
vitalconsultingindia@gmail.com ,
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