Tuesday, June 18, 2013

SMEs are now further classified into SEs & MEs

In the recent issue of PRs SBP has further categorized SMEs into Small Enterprises (SE) and Medium Enterprises (ME) on the basis of below mentioned criteria,

Definition of Small Enterprise 
A Small Enterprise (SE) is a business entity which meets both the following parameters: 
Number of EmployeesAnnual Sales Turnover
*Up to 20Up to Rs. 75 million

*including contract employees 

Definition of Medium Enterprise 
Medium Enterprise (ME) is a business entity, ideally not a public limited company which meets both the following parameters: 
*Number of Employees Annual Sales Turn-Over
21-250 (Manufacturing & Service MEs) 
21- 50 (Trading MEs)
Above Rs 75 million and up to Rs 400 million 
(All types of Medium Enterprises)

*including contract employees