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Follow on Google News | 10 Maharashtra-based companies win top honors at Dun & Bradstreet–Fullerton India SME Awards 2008Net sales for medium-sized companies grew by 37% year-on-year in FY07, as compared to a 32% growth in net sale for small sized companies: D&B’s Emerging SMEs of India.
By: Bluesaints Dun & Bradstreet India also launched the inaugural edition of ‘Emerging SMEs of India 2008’ which features prominent SMEs in India across these 10 sectors in two revenue categories. The study profiles the winners and runners up across these sectors and a listing of other participating SMEs based on various parameters. Speaking at the awards, Dr. Manoj Vaish, President & CEO – India, Dun & Bradstreet said, “D&B recognises that small and medium enterprises play a pivotal role in the economic development of the country. The awards and publication were conceptualized keeping in mind the growing contribution of SMEs to the Indian economy. Our study revealed that for the sample considered, net sales for medium-sized companies grew by as much as 37% year-on-year in FY07, as compared to a 32% growth for small sized companies. However, in terms of net profit, small-sized firms turned out to be more resilient with 58% y-o-y growth as compared to 26% growth for medium-sized firms.” “The growing domestic economy and globalization have resulted into ever increasing business opportunities for SMEs, and they are expected to play a much larger role in sustaining India’s growth aspirations. We hope that Dun & Bradstreet – Fullerton India SME Awards 2008 and the accompanying publication will enhance the growth efforts of these companies by aiding them in reaching out to their current and potential customers,” he added. The publication, ‘Emerging SMEs of India 2008’ was released by Mr. Dinesh Rai, IAS, Secretary to the Government of India, Ministry of Micro, Small and Medium Enterprises. ‘Dun & Bradstreet – Fullerton India SME Awards 2008’ The award were conceptualized to recognize emerging SMEs across ten sectors viz., auto components; chemicals and petrochemicals; Since these awards seek to recognise the growth of SMEs, the short-listing criterion chosen was net turnover of the companies. Further, the annual net turnover for manufacturing companies was fixed to less than Rs 1,000 mn and that for services, at less than Rs 100 mn for FY07. Based on the annual net turnover, each sector has been further sub-divided into small and medium categories. The small category pertains to manufacturing companies with net turnover below Rs 500 mn while the medium category refers to companies with net turnover in the range of 500.01 – 1,000 mn. For the IT-ITeS sector, the small category includes companies with net turnover below Rs 50 mn while those in the range of Rs 50.01 – 100 mn are categorised in the medium category. The awards were based on self nomination. Awards winners were chosen in individual revenue categories of each sector. Additionally, one emerging award winner was chosen across all the ten sectors. ‘Emerging SMEs of India 2008’ Of all the companies that responded with nominations, 289 were considered for analysis. The information provided by these companies was collated and aggregated to arrive at key insights for these leading SMEs. For FY07, these companies reported combined annual net sales of around Rs 63.08 billion, net profit of Rs 3.94 billion and had an employee strength of around 53,391. Key Highlights: • Largest representation in the sample came from the engineering sector (18%) followed by plastics (16%). • 33% of the total companies operate with more than one plant. • The average capacity utilisation of all the companies stood at around 80%. • 59% are equipped with one or more sector-specific quality certifications and standards. • 11% of the companies are designated as EOUs. • Net sales for medium-sized companies grew by 37% year-on-year in FY07, as compared to a 32% growth in net sales for small sized companies. • However, in terms of net profit small sized firms turned out to be more resilient with 58% y-o-y growth as compared to 26% growth for medium sized firms. • 76% of the small sized firms were involved in exports. Of these, around 44% earn more than 50% of their revenue from exports. About Dun & Bradstreet (D&B): Dun & Bradstreet , the world’s leading source of global business information, knowledge and insight, has been enabling companies to Decide with Confidence® for 165 years. D&B’s global commercial database contains more than 135 million business records. The database is enhanced by D&B’s proprietary DUNSRight® Quality Process, which transforms the enormous amount of data collected daily into decision-ready insight. Through the D&B Worldwide Network – an unrivaled alliance of D&B and leading business information providers around the world – customers gain access to the world’s largest and highest quality global commercial business information database. Customers use D&B Risk Management Solutions to mitigate risk, increase cash flow and drive increased profitability, D&B Sales & Marketing Solutions to analyse markets, locate prospects and increase revenue from new and existing customers; D&B Export Marketing Solutions to gain significant insight into overseas markets and increase sales; D&B Financial Education Solutions to facilitate professional growth and excellence among their executives and D&B Economic Analysis Group to derive pragmatic and solution-oriented analyses of strategic economic and business developments, thereby aiding informed decision making. D&B features on FORTUNE Magazine's Most Admired Companies Industry List, ranking first in the Financial Data Services category. D&B ranked first in the areas of employee talent, financial soundness, long-term investment, quality of management and use of corporate assets. D&B has achieved this distinction for the second consecutive year. For more information please contact: BlueLotus Communications Chitra: 9823442065 Ishani: 9822014528 # # # Blue Lotus Communications are Communication Consultants with an array of health care, technology and finance clients. The other businesses of the group include a design boutique called Mustard Designs and Blue Bytes, an Information Logistics service. End
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