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NSIC-CRISIL Performance and Credit Rating Scheme

for

Micro and Small Enterprises (MSEs)

Name of the Enterprise:

Contact Number:

Name of the CRISIL Business Development Manager:

Mobile Number:

Name of the CRISIL Business Development Officer:

Mobile Number:

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CRISIL Limited CRISIL House Central Avenue, Hiranandani Business Park Powai, Mumbai 400 076, Maharashtra, India Dear Sirs, I/We request you to undertake NSIC-CRISIL Performance & Credit Rating of our organisation; I/We agree to the terms and conditions set out in the Annexure 2 below. We are enclosing the required information and documents as stated in Annexure 1(A) and (B) together with Fees as stated below: Payment of Fees

Net banking NEFT RTGS Cheque No. …………………dated ……………………………………… drawn on …………………………………of Rs.……………………… (Rating fee of Rs.…………………Add GST Rs.……………………Less TDS (if applicable) Rs. ………………final amount payable Rs.…………….) as payment against Fees (payment subject to realisation). Particulars:

Full Legal Entity Name of the applicant organisation (Client)

Type of client Proprietorship Concern Partnership Firm

Private Limited Company Public Limited Company

Society Others: please specify

(________________)

Category of Promoter/Director (for MIS purpose)

General Minority community North Eastern region Scheduled caste Scheduled tribe Woman entrepreneur

Segment Manufacturing Trading Services

Industry

Registered Office Address Location:

City/Town: State: PIN:

GST No. of Service Recipient (corresponding to mentioned address)

Contact details Tel.: Mobile:

Fax: Email: Website:

Chief Executive/Promoter (Name and Designation)

Manufacturing Unit/Factory Address Location:

City: State: PIN:

Contact Person

Contact Person Coordinates Tel.: (Board) Direct: Mobile:

Fax: Email:

Name and contact no. of client’s authorised person for follow up

Name and contact no of CRISIL’s Representative

Business Development Manager:

Business Development Officer:

We confirm that we are aware that the rating assigned by CRISIL Ltd under this assignment will not be eligible for consideration under RBI's 'New Capital Adequacy Framework' (commonly known as 'Basel Rating' or 'Bank Loan Rating') declared for Banks. By signing below, I/we confirm that the details in this Application and the Annexure are true and correct and that no material fact has been concealed or withheld.

Yours faithfully* Signature _________________________________

Name ____________________________________

Designation _______________________________

Date of Signature ___________________________

*To be signed by the authorised signatory (ies) of the Organisation. Please also affix the Organisation rubber stamp or seal.

For Administrative purpose:

Source of mandate Bank Industry Association Chartered Accountant

Direct Customer referral DSA Any others (BDO to specify) __________________

C.C.: NSIC

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APPLICATION FORM [Annexure I (A)]

PARTICULARS OF THE ENTERPRISE

1. Name of the Applicant

Unit and Address **

Factory (Manufacturing)

/ Facility (Trading/Service)

Office (Registered)

Pin code ___________ Phone ____________________Fax

Pin code Phone Fax

2. Constitution: ** Proprietorship / Partnership / LLP / Private Ltd / Public Limited Co. / Co-op.

Society / Society / Trust

3. Established / Incorporated on : **

4. Date of Commencement: **

5. Number of years the entity is in business

**

6. Latest Financial year for which IT return is

filed **

7. Nature of financial statement to be

furnished ( as applicable) **

Audited Financials

CA Certificate (applicable only for Proprietorship concern and

Partnership firms having annual turnover up to Rs. 1 Cr.)

8. SSI Registration number or

Acknowledgement no. of Entrepreneur’s

Memorandum and Date:

9. Udyog Aadhaar No. (UAN) and Date of

Filing:**

10. Enterprise belongs to: ( as applicable)** General / SC / ST / OBC

11. Sub category: ( as applicable)** Women / Minorities / Ex-Serviceman / Person with disability

12. PAN No. **

13. TAN No. ** (Mandatory if TDS has been

deducted)

14. AADHAAR No. (Photocopy required)**

15. Number of Employees **

16. (a) Nature of Industry

(b) Products

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17. Details of Promoters / Directors:

S. No.

Name(s) of Proprietor/Partner/Director

Age

Father’s / Husband’s Name

Share(s) in Firm

Residential Address

Means / Net Worth

Qualifications

Business

Experience

18. Name and Address(es) of

Associate Concern(s)

19. Factory/Facility Premises

(Owned/ rented)

(give full particulars)

20. Office Accommodation (Owned/ rented)

(give full particulars)

21. Details of existing borrowings / banking arrangements **

Name of Financial Institutions / Bank / Lenders

(from whom the unit has

availed loan / credit limit)

Nature of assistance/

loan limit availed

Amount

(Rs.)

Self-Declaration in

respect of conduct of

Account.

22. Details of additional banking arrangements **

Name of Banks & Branch

(with whom the unit holds account) Type of account

Amount

(Rs.)

Self-Declaration in

respect of conduct of

Account.

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**Mandatory

Signature ______________________________.

Name of the Signatory ______________________________ Designation _____________________________________

23. Production Capacity: **

Class of Goods Units Installed

Capacity

Actual Production

24. Power Load: **

HP: _____________________ KW: _________________

25. Customers’ References (Please list major customers who have had dealings with your enterprise in the past 12 months)

Name of the Customer Country % in Total Revenue

26. Suppliers’ References (Please list major customers who have had dealings with your enterprise in the past 12 months)

Name of the Supplier Country % in Total Purchases

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Annexure I (B)

Document Submission Checklist (To be filled and signed by the client’s authorized personnel only) Name of the enterprise: ________________________________________ Date: _____________ Product: ________________________________________________________________________ Please insert ‘’ symbol in the box for the documents submitted by you.

I/ We hereby confirm that all the documents and information provided (as marked above) in relation to the Product are true and correct to the best of my/our knowledge and no information has been misrepresented or intentionally concealed. For _____________________________________________________ [Entity name] ______________________________________ (Authorised Signatory and Stamp of the Organisation) Name/s _______________________________________________________________________________

Designation/s _______________________________________________________________________________

Address________________________________________________________________________

Mandatory Documents:

Copy of the Memorandum of Association and Articles of Association for companies / partnership deed for partnerships ☐

Audited financial statements including audit report for the immediately preceding 3 financial years

☐ FY 2013 – 14 ☐ FY 2014 – 15 ☐ FY 2015 – 16 ☐

Enterprise Memorandum Certificate / SSI Certificate/ Udhyog Aadhaar Certificate ☐

Duly filled fact sheet ☐

Additional Documents:

Brief write-up on products/services, revenue contribution and details of expansion if any ☐

Management certified year to date provisional financial statement ☐

Documents supporting change in name, legal structure or authorized capital ☐

Certified net worth statement or copy of the most recent income tax returns of each promoter / partner / director ☐

Copy of insurance policies for the insurance of plant and machinery, equipment, building and stock ☐

Copy of quality certificates, export awards, membership of any associations / industry, etc. ☐

Detailed project report and financial Projections (only for Greenfield cases) – Management certified financial projections till the repayment of term loan

☐

Other Documents : _____________________________________________________________________ ☐

CA Firm Details:

Firm Name: CA Contact No.:

Partner / Proprietor: CA Membership No.:

Referring Bank Details (Applicable for ratings under PCR Scheme):

Bank Name: Signatory Name:

Signatory Designation: Signatory Telephone (Landline) No.:

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Annexure – II (Terms and Conditions) 1. We confirm that our organisation is a Proprietary / Partnership firm

/ LLP / Private Limited Company / Public Limited Company / Co-operative Society / Society /Trust (Please strike off which is not applicable).

2. After receiving our completed Application, CRISIL will conduct the rating exercise, assign the rating (“Rating”), communicate the Rating and furnish the Rating Report and Rating Letter to us after the Rating is communicated to us and accepted by us.

3. In the event of our not accepting the Rating assigned by CRISIL, we will forthwith communicate the same in writing to CRISIL within five working days from the date of communication of Rating to us. If no communication is received by CRISIL from our side within this period, CRISIL will assume that the rating has been accepted by us and display the rating assigned on its website and other publications during the period of its validity.

4. We understand that the Rating is a one-time exercise and the Rating will not be kept under surveillance. The rating will be valid for one year from the date of assigning the Rating, subject to no significant changes/events occurring during this period that could materially affect the business or financial parameters of the organisation as mentioned in the rating report (“Rating Report”). The Rating assigned will automatically expire after 1 year from the date of assignment. CRISIL, however, recommends a review of the Rating if the organisation experiences significant changes/events during this period which could impact the organisation / its Rating. CRISIL encourages annual reviews of the initial rating assigned after the expiry of one year of such Rating. In view of the provisions of the current NSIC Scheme we agree and undertake to

A. Provide CRISIL our information on the list given below for a period of two years after the validity of the rating last assigned by CRISIL. Further, we authorize CRISIL to share this information with NSIC.

i. No. of employees ii. Turnover & profitability for these years iii. Loan details iv. Name of Bank v. Interest rate charged

We understand that sharing such information does not make it obligatory upon CRISIL to renew the rating unless otherwise agreed between us in writing. B. Allow inspection by NSIC in the following year for the

purpose of post-rating follow-up and verification which it may conduct on a random basis and otherwise cooperate with NSIC in consideration of the subsidy (if) received with respect to the Rating.

5. We expressly agree:

to cooperate with CRISIL in order to enable CRISIL to determine the Rating for our organisation

to furnish information / documents to CRISIL, as may be required, which is/are true, adequate, timely, accurate and complete in quality and contents

to arrange for site visits by CRISIL’s representatives and arrange for meetings with our auditors, bankers, suppliers, etc as and when requested by CRISIL

to provide CRISIL a certificate on the performance of our Loan account (in the format enclosed in Annexure – Part 3) from the main bank / financial institution from which we have availed a loan / cash credit or similar facility, every year upon the assignment of rating

6. We authorize CRISIL to send to us by phone / SMS / email (as provided in the Application form) its general or specific information on ratings of SSIs/SMEs, general industry trends, progress on the said rating assignment, etc.

7. We expressly authorize and provide our consent that CRISIL has the right to source our Credit Bureau Report from CIBIL, or CRIF Highmark or any similar agency on discretion.

8. We understand that the Rating reflects CRISIL’s opinion, of our organisation’s relative creditworthiness adjudged among other SMEs, at the time of the Rating. The Rating does not constitute an audit of our organisation by CRISIL. The Rating and rating report are based on the information provided to CRISIL by the organisation and / or obtained by CRISIL from sources it considers reliable including published annual reports, management meetings, industry data and discussions with bankers, customers and suppliers. CRISIL does not guarantee the accuracy, adequacy or completeness of any information on which the Rating and the report are based and is not responsible for any errors or omissions or for the results / opinions obtained from the use of the Rating or the Rating Report. The Rating is also not a recommendation to enter into any transaction with the organisation. In case our organisation is wound up or merged or amalgamated or acquired with / by another entity, we undertake to forthwith make an application in writing to CRISIL for withdrawal of Rating, with the relevant details of such winding up, merger or amalgamation or acquisition or similar event.

9. We will use the Rating assigned by CRISIL, only after its acceptance by us, for the sole purpose for which the Rating was requested by us and assigned by CRISIL. The Rating shall not be used for any other purpose by us or by any of our associates / subsidiaries in any manner, whatsoever.

10. Once the Rating is accepted by us in writing or deemed as accepted by us, as stated in Clause 3 above, CRISIL shall publicly disseminate the assigned Rating. The methods of public dissemination used by CRISIL shall include press releases, display on websites or any other mode as may be decided by CRISIL.

11. CRISIL shall disclose all or any of the Rating/s assigned to our organisation, (including the rationale for the assigned Rating, if any), including any information provided by us to CRISIL, to Government and / or Regulatory Authorities like the Ministry of Finance (MOF), Securities and Exchange Board of India (SEBI) or the Reserve Bank of India (RBI) and / or any other Statutory Authorities, including but not limited to, a Court of Law, when required to do so in law/or may also do so when called upon by the aforementioned Authorities/Courts of Law.

12. CRISIL may unilaterally suspend the Rating if our organisation fails to pay in full the amounts due to CRISIL including the rating fee despite repeated reminders made by CRISIL orally or in writing; CRISIL is ordered to do so by any order of any Court, tribunal, Governmental, Statutory or Regulatory Authorities, Ministry of Finance, SEBI, RBI etc.; CRISIL is of the opinion that circumstances warrant suspension of the Rating assigned by CRISIL.

13. Notwithstanding what is stated above, if CRISIL is of the opinion that there exist circumstances that justify in maintaining the same Rating or in changing/suspending/withdrawing the Rating, it can do so without any reference to our organisation and such a decision shall be final and binding on us and shall not be questioned by our organisation in any manner whatsoever.

14. In the event of our organisation deducting TDS, we will send to CRISIL our TDS certificate subsequently but before the end of the financial year (April to March).

15. Subject to clause 16 below, all fees are non-refundable and are payable in advance. On our acceptance of these terms and conditions we are required to forward to CRISIL a cheque / demand draft towards payment of the Rating fee along with the information /documents mentioned in Annexure I.

16. In the event of the request for rating being treated as closed by CRISIL due to non-receipt of the complete information from the organisation, 50% of the fees received from the organisation shall be refunded by CRISIL. However, if the organisation backs out from the rating process after CRISIL has carried out its inspection or commenced its rating exercise, no amount shall be refunded to the organisation.

17. We acknowledge and agree that availability of rating subsidy under the Scheme is subject to, amongst other factors, allocation and

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availability of funds to the credit rating agency concerned. Further, we acknowledge that assigning of rating by CRISIL under the NSIC scheme does not mean that subsidy will be granted.

18. Subject to the allocation and availability of the subsidy to CRISIL and the fees paid by us being less than the total fees applicable to the Rating, in the event that NSIC does not find our enterprise eligible for subsidy support under the Performance and Credit Rating Scheme, we agree to promptly pay to CRISIL the amount payable by NSIC, in addition to all other amounts payable by us under this Agreement.

19. No one is authorised to directly or indirectly give us any promise or assurance that we will get a specific Rating, in advance of CRISIL assigning the rating. We acknowledge that we have received no such promise or assurance.

20. Notwithstanding anything to the contrary mentioned above, we agree and undertake to indemnify CRISIL, its Directors, Rating Committee members, officers and employees, related to the services provided in connection with the rating assignment against all or any actions, claims, suits, costs, losses, damages, including but not limited to attorney’s or consultant’s fees paid/incurred as a result of any false, inaccurate or misleading information of any nature, provided by us to CRISIL, on which CRISIL may have relied in any manner while assigning the Rating.

21. Use of Information CRISIL may use our information for the Ratings and CRISIL’s business as CRISIL may determine in its sole and absolute discretion, including but not limited to, publicly displaying it, reformatting it, incorporating it into marketing materials, advertisements and other works, creating derivative works from it, promoting it, distributing it, and allowing other permitted users to do the same in connection with their own websites, media platforms, and applications. By submitting information and material under this agreement, We hereby grant CRISIL a worldwide, non-exclusive, royalty-free, fully paid, sub-licensable and transferable license to use, copy, edit, modify, reproduce, distribute, prepare derivative works of, display, perform, the information in connection with the Services and CRISIL’s (and its successors and assigns') business, including without limitation for promoting and redistributing part or all on the website. For clarity, the foregoing license grant to CRISIL does not affect our ownership or other license rights in information.

22. We agree that all disputes with respect to and / or in connection with any rating assigned, changes in Rating, the rationale for the Rating and / or the terms and conditions shall be settled by reference to Director – SME Ratings of CRISIL whose decision shall be final and binding on both the parties.

23. Survival Clause

All terms that by their nature should survive the termination or expiration of the agreement shall survive including any right which a party may have under the applicable laws and regulations.

24. Intellectual Property

We acknowledge and agree that CRISIL owns and controls all intellectual property rights in the CRISIL services and its proprietary marks, logo, brands or identifiers of CRISIL including the CRISIL logo (CRISIL Brands) and that by virtue of this arrangement we do not acquire any rights or title in any of the CRISIL Brands. Subject to the foregoing, we acknowledge and agree that: during the validity period of the CRISIL rating assigned to our organisation, we may only use the CRISIL logo as provided by CRISIL to us to the extent we are permitted to disclose our CRISIL rating status and only in conjunction with such CRISIL rating (and not otherwise).

We acknowledge that: (a) no right, title or interest is passed on in any part of CRISIL Brands (including, for the avoidance of doubt, the CRISIL logo) to us as a result of CRISIL permitting us to use the CRISIL logo; (b) any goodwill generated by our permitted use will inure exclusively to CRISIL.

We agree that we will not alter or otherwise use any CRISIL logo otherwise than as expressly permitted. Further, we will not use any part of or the CRISIL logo or any other CRISIL Brands conjointly with our or any third party’s brands or other identifiers to create a new trademark or other property. We will not directly or indirectly permit any third party to do what we are not permitted to do under these terms and conditions.

25. Privacy:

Client confirms that it has (or shall have) obtained all necessary consents to provide to CRISIL any personal information of its personnel, representatives or other persons whose details Client may from time to time provide to CRISIL (collectively, Client Personnel) to permit CRISIL to use it as necessary for the performance of this Agreement and as specifically acceded to in Annexure Part III for receiving by way of phone/ SMS/ email CRISIL’s general or specific information on ratings of SSIs/SMEs, general industry trends, progress on this assignment, marketing communications and informational material from CRISIL, its affiliates and associated third parties.

CRISIL’s obligations with respect to use the personal information of Client Personnel are set out in, currently, URL: http://www.crisil.com/crisil-privacy.jsp

Client will comply with applicable privacy laws as to the personal information shared by it with CRISIL.

We Agree, Accept and Confirm:

For and on behalf of (Stamp of the Organisation) Name/s Designation/s Date Place

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Annexure – III (Account Certificate to be provided from the Lead Bank/FI)

(Please ensure that this certificate is, in original, on the Bank/Financial institutional letter head)

Date: ____________________

This is to certify that M/s ____________________________________________________________

have a loan/overdraft/cash credit or similar loan facility from us. We, further, certify that

(Please tick appropriate point)

The account has remained a Standard Asset in the last one year.

The account turned NPA during the last one year. The details are:

Year of classification as an NPA: ____________________________________

Amount Due when the account was classified NPA:

Authorized Signatory & Stamp

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National Small Industries Corporation Limited (NSIC)

NSIC Bhawan

Okhla Industrial Estate,

New Delhi - 110020

Dear Sir,

Re.: Subsidy that may be granted by NSIC to ____________________________ (Company) under NSIC

Performance and Credit rating Scheme for Micro and Small Enterprises (“NSIC Scheme”)

We thank you for introducing a Rating Scheme for the Micro & Small Enterprises (MSEs).

We acknowledge and appreciate the encouragement provided by NSIC to the MSEs under the scheme and value

the grant of subsidy (where granted, subject to eligibility) to Company for the rating exercise under taken / to be

undertaken with respect to the Company by CRISIL Limited. In lieu thereof, we agree and undertake to cooperate

with CRISIL and to:

1) provide CRISIL with our information on the list given below for a period of two years after the validity of the

rating last assigned by CRISIL. Further, we authorize CRISIL to share this information with NSIC.

i. No. of employees

ii. Turnover & profitability for these years

iii. Loan details

iv. Name of Bank

v. Interest rate charged

2) allow inspection by NSIC (whether directly or through its nominated party) in the year following the expiry of

the rating for the purpose of post-rating follow-up and verification, which it may conduct on a random basis

with respect to the Rating

We understand that sharing the information with CRISIL in pursuance hereof does not make it obligatory upon

CRISIL to renew the rating or otherwise review it unless otherwise agreed between us in writing.

Yours truly,

For ___________________

Authorised Signatory

Name:

Title:

Cc.: CRISIL Limited

CRISIL HOUSE, Central Avenue,

Hiranandani Business Park, Powai,

Mumbai - 400076

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Annexure IV

===========CHANGE INFORMATION FORM==================

To, CRISIL Limited CRISIL House, Hiranandani Business Park, Central Avenue, Powai, Mumbai 400 076, India We had provided you with our organisation’s contact details for you to send us messages and updates regarding your services. We request you to note the following updates and changes to the contact list we had earlier provided:

For [full legal entity name of client/client organisation] Signature ……………………………………………………………. Name ……………………………………………………………. Designation ……………………………………………………………. Date of Signature …………………………………………………..

Name of Contact person

Registered Mobile Number

Registered Email

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Customer Copy

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