­Mumbai based Nash Robotics and Automation Private Limited (NRAPL), incorporated in 1992 and is engaged in the business of manufacturing of welding machines and industrial components such as IT guns, welding controllers, automated machines and related accessories, which primarily find application in the automotive industry and other various industries. The company has its Registered Office and manufacturing facility at Nashik, Maharashtra. NRAPL is an ISO 9001:2008, certified company. Directors of Nash Robotics & Automation Private Limited are Ms. Durga Chander Kewalramani, Mr. Bharat Chander Kewalramani, Mr. Anil Ashok Khatri, Mr. Dayal Showkatramani Gordhandas, Mr. Ashok Thakurdas Khatri and Mr. Chander Dharamdas Kewalramani.

Nash Robotics And Automation Private Limited (NRAPL), Seam Enginners (SE) and CEARS Dies & Moulds Private Limited (CDMPL) together referred to as the ‘Nash Group’ (NG). Seam Enginners (SE) was established in 1982 as a partnership firm by Mr. Ashok Khatri, Mr. Dayal Showkatramani, K.D. Kewalramani and Mr. Chandar Kewalramani. The company is engaged into manufacturing of electrodes and copper alloy castings and forgings, cable guns. The company supplies to Nash Robotics & Automation Private Limited and other companies in the automotive industry. It is Nashik-based company. 
Nashik- Based, CEARS Dies & Moulds Private Limited (CDMPL) was incorporated in 1999 and it is engaged in Manufacturing of  Machinery & Equipments such as Turnkey Solutions , Sheet Metal Solutions , SS parts , Checking Fixtures etc. The directors of CEARS Dies & Moulds Private Limited (CDMPL) are Mr. Anil Ashok Khatri, Mr. Ashok Thakurdas Khatri, Mr.Chander Dharamdas Kewalramani, Mr. Bharat Chander Kewalramani, Mr. Ajay Chander Kewalramani, Mr. Dayal Gordhandas Showkatramani, Mr. Manish Dayal Showkatramani.

­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 non-cooperation by the issuer along with 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 endeavored 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."

­Not Applicable

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

­Not Applicable

­Not Applicable

­None

­Acuité is yet to receive the latest No Default Statement (NDS) from the rated entity, despite repeated requests and follow-ups.

­­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.