Business Rating Services
Business rates are a tax on the right to occupy commercial property and typically equate to approximately 45% of annual rent. As such, they represent one of the largest overheads for businesses and substantially impact on the profitability of many organizations.
Business rates are calculated by multiplying the rateable value of a property by the uniform business rate (UBR). The rateable value is the valuation office’s estimate of a property’s market rent at a set valuation date.
An agency’s rating reflects current opinion on the relative likelihood of timely payment of interest and principal on the rated obligation. It is an unbiased, objective, and independent opinion as to the issuer’s capacity to meet its financial obligations.
A rating agency’s credit ratings are an opinion on probability of default on the rated obligation, forward looking, specific to the obligation being rated, an indication of the potential price of the issuers’ bonds or equity shares, indicative of the suitability of the issue to the investor, a recommendation to buy/sell/hold a particular security, a statutory or non-statutory audit of the issuer.
These ratings are based on a robust and clearly articulated analytical framework, which ensures comprehensiveness, standardization, comparability, and effective communication of the ratings assigned and of every timely rating action. The assessment is based on the highest standards of independence and analytical rigor.
The rating agency rates a wide range of entities, including industrial companies, banks, non-banking financial companies (NBFCs), infrastructure entities, microfinance institutions, Insurance companies, Mutual funds, State governments, urban local bodies, etc.
A few of the leading credit agencies include, CRISIL Limited, Fitch Ratings India Private Ltd., ICRA Limited, Credit Analysis & Research Ltd. (CARE), Brickwork Ratings India Private Limited, SME Rating Agency of India Ltd. (SMERA)
The clientele of these agencies include all the industry majors of the BSE Sensex constituent companies and NSE Nifty constituent companies, accounting for a large per cent of the equity market capitalization, are CRISIL’s clients.
I have heard before of business ratings; but your post has made it clear. If you are into business then, you have to have a clear business plan; even for small business owners it is essential. Take help of marketing agencies to chalk your marketing plan out.