MUMBAI, January 25, 2016 /PRNewswire/ --
SMERA Ratings Ltd. has assigned SE1 A rating to Majestic Research Services & Solutions Ltd (MRSS India Ltd.), a leading digital market research agency on parameters of highest performance capability and high financial strength. The rating is supported by various aspects:
- Management with several decades of domain expertise
- Company is listed on BSE India
- Reputed client base
- Significant increase in revenue during the period under study
- Adequate profit margins during the period under study
- Interest coverage ratio stands at 13.43 times for FY 2015.
Commenting on the rating assigned, Mr. Raj Sharma - Chairman, MRSS INDIA Ltd. said, "This SMERA rating is based on (a) financial strength and (b) performance capability which is a very good indicator for assessing any organization's value. This surely validates stakeholder expectations in MRSS but also motivates us to continuously improve on all parameters."
About Majestic Research Services & Solutions Ltd (MRSS INDIA Ltd.)
MRSS INDIA relies exhaustively on usage of technology for data acquisition offering reliability, validity and faster turnaround times to its clients. The company has wide range of offerings such as Eye Tracking, Mobile Analytics, Video Analysis, Facial Recognition, Digital Tracking, Online Communities, Neuroscience, Emotional Analysis, Automated Audience Measurement, Sensory Sciences, etc. It is India's 1st and only listed Market Research Company , also a member of MRSI and DIN (Digital Insight Network - Global). It is the subsidiary of Majestic Market Research Support Services Limited, - One of Asia's largest full service market research firm. MMRSS is a member of ESOMAR, QRCA, MRA, etc with presence in 18 countries across Middle East and Asia Pacific region.
About SMERA SME Rating
SMERA Ratings Limited (formerly SME Rating Agency of India Ltd.) is a joint initiative of Small Industries Development Bank of India (SIDBI), Dun & Bradstreet Information Services India Private Limited (D&B) and leading public and private sector banks in India. SMERA commenced its operations in 2005 as an exclusive credit rating agency for Micro, Small and Medium Enterprises (MSME) sector in the country. Within a span of 10 years, SMERA has assigned ratings to over 36992 MSMEs pan India.
SMERA is registered with the Securities and Exchange Board of India (SEBI) as a Credit Rating Agency (6th in India). The Company has received accreditation from the Reserve Bank of India (RBI) as an External Credit Assessment Institution (ECAI) under BASEL - II norms for undertaking bank loan ratings. SMERA is also empanelled as an approved rating agency by the National Small Industries Corporation Ltd. (NSIC) under the "Performance & Credit Rating Scheme for Small Industries", approved by the Ministry of Small Scale Industries, Government of India.
For Investor Relations:
Sonali Gamne - (Company Secretary)
Mail ID: [email protected] , [email protected]
Deepika Jagasia : Corporate Communication Manager, Majestic MRSS
SOURCE MRSS INDIA Ltd.