ICRA Rating LLC UAE significantly influences corporate and financial institutions by enhancing their market standing and marketing. ICRA rating aim to help these institutions showcase their credit capability to clients. ICRA’s trusted, industry-leading, independent ratings and strong growth track record set them apart. CONTACT YIELD 4 GROUP OF COMPANIES FOR FURTHER PROCESSING
1. COMMERCIAL RATING
High-quality credit ratings aim to help corporates in two key approaches:
– To exhibit the corporate’s credit repayment capabilities to clients and banks
– To add weight to the company’s credibility while dealing in cross-border trade
2. FINANCIAL RATING
Outstanding financial ratings help these institutions in several ways:
– To show clients how much credit a financial institution has available to grant them.
– To demonstrate the financial institution’s strong collections, enabling the reuse of funds to support a maximum number of clients.
– The rating also benefits financial firms by standing out among the vast market competition and getting audited & rated by ICRA LLC.
BENEFITS OF RATING:
– Improved reputation and strong brand creation
– Effective marketing tools for the international and local market
– Better negotiations with trading partners
– Better negotiations with banks on services
– One document showing your company 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 the Company (Utility bill or Lease Agreement)
-Board Resolution approving to application 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