CRISIL RATING
Credit Rating and Information Services of India Ltd. (CRISIL)
( BSE : 500092? ) is India's leading Ratings, . CRISIL pioneered ratings in India more than 20 years ago, and is today the undisputed business leader, with the largest number of rated entities and rating products: CRISIL's rating experience covers more than 24654 entities, including 14,500 small and medium enterprises (SMEs).
CRISIL offers domestic and international customers (IREVNA, international arm and a division of CRISIL handles international customers) with independent information, opinions and solutions related to credit ratings and risk assessment; energy, infrastructure and corporate advisory; research on India's economy , industries and companies; global equity research ; fund services; and risk management .
Introducing Star Ratings :
Star Ratings are based on the quality of the real estate projects as per the agreed specifictions. The ratings will benchmark your real estate project against other projects. The highest rating scale for a project is 7 Star rating.
Parameters for a Star Ratings :
Project Sponsor Quality
• Construction and legal track record
• Organisation strength, systems and processes
• Financial strength
Project Construction Quality
• Structural quality
• Infrastructure
• Technology & design
• Integrated facilities & use of MIS
• After sales service & warranties
• Time and cost overruns
Project Legal Quality
• Clarify of title
• Restrictive convenants
• Encumbrances
• Sale agreement
• Development agreement
Project Financial Quality
• Accounting quality
• Project economics or viability
• Financial flexibility
Project Innovation Quality
• Land acquisition and pricing techniques
• Building design innovation
• Construction technology innovations
• Innovative funding mechanism
Advantages of a Star Rating
Makes a signature statement about a new project
Third party certification helps strengthen corporate branding
Enhances credibility with banks and financial institutions.
Enhances pricing power and PE / IP investors
Showcase your Star Certification
The Star Ratings can be displayed by the developers at the project site, apart from using them in advertisements, hoardings, brochures, e-mailers and visiting cards. CRISIL will also disseminate the ratings on a wider basis through printing, internet and other media
|
