ICRA Rating LLC UAE significantly influences corporate and financial institutions in better market standing and marketing. ICRA rating aims to help these institutions showcase their credit capability to the clients. ICRA’S trusted industry-leading, independent rating and strong growth track record set them apart. CONTACT YIELD 4 GROUP OF COMPANIES OF FURTHER PROCESS
1. COMMERCIAL RATING
High-quality credit rating aim to help corporates in two prolonged approaches:
– To exhibit the corporate’s credit repayment capabilities to the clients and banks
– Add weightage to companies credibility while dealing in cross-border trade
2. FINANCIAL RATING
The outstanding financial rating helps these institutions in several ways:
– Show the clients how much credit a finance institute has available to grant the clients.
– To show how strong the financial institution’s collection is to reuse the funds for supporting a maximum number of clients.
– The rating also benefits the finance firms in standing out among the vast market competition to get audited & rated by ICRA LLC.
BENEFITS OF RATING:
– Better reputation strong brand creation
– Marketing tools for the international and local market
– Better negotiations with trading partners
– Better negotiations with banks on services
– One document showing your companies credit profile
Process:
– Client onboarding
– Initial documents collection & screening
– Invoicing & payment collection
– ICRA rating initiation
– Rating committee approval
– Sharing ICRA rating report & ICRA rating certificate
Documents Required:
-Trade License/Certificate of Incorporation
-Memorandum/Articles of Association
-Latest extract from online domains
-Good Standing Certificate for the company from a Local Lawyer in their country
-Copies of Passports for all directors and shareholders
-Address confirmation for all shareholders/directors ((Utility bill or Lease Agreement)
-Address confirmation for Company (Utility bill or Lease Agreement)
-Board Resolution approving to apply for rating
-Passport-size photos for all shareholders
Financial Documents
-Credit Report of the company and shareholders/directors
-Audited Financials of the company
-Latest bank statements of the company (One year)
-Complete the company’s Business Profile including suppliers, customers, payment terms, number of company staff, banking relationships, and any rewards or certifications.
-Future business prospects & financial projections