The sole purpose of a Chit Fund is to help an individual or an organization to build wealth and to create a buffer for times when you need money. As keeper of funds, we must have secure financial health to cover any undue risks. For self evaluation of this critical issue, we had asked Micro Credit Rating International Limited (M-Cril) to undertake a Credit Rating Analysis of the Company. M-Cril is specialized in Rating Financial Institutions.
The Team from M-Cril, comprising various specialists, analyzed our financial data for the past 5 years. They held sessions with our staff, with our clients and our Chartered Accountant. They used their market intelligence and spoke to experts in Chennai & Hyderabad who specialize in the field of chit funds & who have also published research work on the Chit Industry. After going through all the data and all forms of documentation, the analysts at M-cril have assigned to us a rating of "B+". |
The first time any company is rated, the highest rating it is assigned is either A- or B+. The maximum rating achievable by any company, is either A+ or A.
A rating symbol of 'B+' implies Reasonable Safety and Reasonable Systems.
Their report has highlighted the company's strengths as:
- Experienced & Professional Management
- Goodwill amongst clients
- Client focused products
- Profitable operation & capital sufficiency
- Never compromised attitude in Quality Policies
We look forward to more performance analysis in future so that we can effectively secure the funds at our disposal |
