Mitech Bus Door Systems Private Limited (MBPL) Incorporated in 2010 and based in Chennai (Tamilnadu). MBPL is currently managed by its Directors, Mr. Raghupathi Suklam, Mr. Vellator Shanmugham, Mrs. Gnaneswaran Kalaivani, Mr. Subhadra Prakash Pradeep Kumar and Ms. Jayanthi who have more than two decades of experience in the auto ancillary industry MBPL is engaged in the manufacture of bus doors and systems such as jack & knife door, inswing door, outswing door, driver door, emergency door, and luggage panel doors, among others. MBPL has its manufacturing facility located at Chennai (Tamil Nadu).

­Acuité has been requesting for data, information and undertakings from the rated entity for conducting surveillance & review of the rating. However, the issuer/borrower failed to submit such information before the due date.

Acuité believes that information risk is a critical component in such ratings, and noncooperation by the issuer along with an unwillingness to provide information could be a sign of potential deterioration in its overall credit quality. This rating is, therefore, being flagged as “Issuer not-cooperating”, in line with prevailing SEBI regulations and Acuité’s policies.

­The rating is based on information available from sources other than the issuer/borrower (in the absence of information provided by the issuer/borrower). Acuité has endeavoured to gather information about the entity/industry from the public domain. Therefore, Acuité cautions lenders and investors regarding the use of such information, on which the indicative credit rating is based.

­"No information provided by the issuer / available for Acuite to comment upon."

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­"No information provided by the issuer / available for Acuite to comment upon."

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­In order to inform the investors about complexity of instruments, Acuité has categorized such instruments in three levels: Simple, Complex and Highly Complex. Acuite’ s categorisation of the instruments across the three categories is based on factors like variability of the returns to the investors, uncertainty in cash flow patterns, number of counterparties and general understanding of the instrument by the market. It has to be understood that complexity is different from credit risk and even an instrument categorized as 'Simple' can carry high levels of risk. For more details, please refer Rating Criteria “Complexity Level Of Financial Instruments” on www.acuite.in