Our SME Rating and Accreditation program (SRA) is an independent, third party validation and accreditation service. The service is provide in two phases. The first phase is rating. Once the SME passes the required criteria, the company can move to the next phase which is accreditation.
Rating is a comprehensive analysis of the business and entails an assessment of the business model, the promoter and management, industry and financials.
A Rating Certificate is an indicator of the probability of business success and is valid for one year from the date of issue. The Rating Certificate is given on a scale from 1 to 5 (1 being the best and 5 needing improvement in the business).
Important Note: SMEs rated with 1 or 2 will be recommended for an Accreditation Certificate. SMEs rated 3, 4 or 5 will be recommended to various business improvement services offered by QDB.
Accreditation is an evaluation of the ‘Contract Execution Capabilities for the Business’. SMEs are accredited based on business capabilities, experience and track record, credibility and business reputation, and health and safety.
SMEs are accredited based on the below parameters:
To be eligible for the SME Rating and Accreditation, an enterprise must meet the following criteria:
There are 7 steps for SRA Certification:
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