Mumbai, 18th May 2021: Rubix Data Sciences Pvt Ltd (Rubix), a technology and analytics-based B2B Risk Management and Monitoring platform, released its Quarterly Risk Transition Report covering changes in risk from Q3 FY 2021 (October – December 2020) to Q4 FY 2021 (January – March 2021).
To download the key findings of the Rubix Quarterly Risk Transition Report for Q4 FY 2021 please click on this link: Rubix Quarterly Risk Transition Report – Q4 FY 21_18th May 2021
At the end of each quarter of the Indian financial year (April – March), Rubix compares the data of how Indian business entities in its monitoring portfolio have performed versus the prior quarter, from a statutory compliance and credit rating perspective.
The key parameters being monitored each quarter are GST Filings, Provident Fund Filings and Credit Ratings.
The purpose of the Quarterly Risk Transition Report is to see if the business entities being monitored show any deterioration or improvement from a statutory compliance or external credit rating perspective as compared with the prior quarter. There could be several reasons for non-compliance with statutory requirements for paying of GST and Provident Fund and filing the Returns. Of these, cash flow delays or liquidity problems that business entities face are probably the most important drivers for non-compliance. Similarly, changes in Credit Ratings need to be examined closely in order to understand the reasons behind the change.
A deterioration in any of the above parameters for the business entities should raise red-flags and serve as early warning signals for those monitoring the portfolio.
About Rubix Data Sciences Pvt. Ltd:
Rubix Data Sciences Pvt. Ltd. helps you to take prudent credit risks, build a robust supply chain and monitor compliance for your business partners in India and around the world. Set up by highly experienced Risk Professionals who have worked extensively in the credit, legal and supply chain information domains, Rubix has been recognized as part of the ‘Start-up India’ scheme by the Department of Industrial Policy & Promotion (DIPP), Government of India, in 2018. The Rubix platform and its suite of reports, products and services are based on its extensive database of structured and unstructured data aggregated from over 120 sources, customized predictive analytics and proprietary technology. Through its solutions, Rubix provides deep insights to Credit, Risk, Supply Chain and Compliance professionals, facilitating quicker and more effective decision-making.