Akshar Spintex Limited - Due diligence report

A 360° intelligence report on Akshar Spintex: trust score, financial health, credit view, compliance, directors, growth and distress signals…

2013-06-19 Jamnagar, Gujarat Active Listed Active Compliant
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AS Akshar Spintex Limited
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Akshar Spintex — 360° Intelligence Report

Generated from MCA filings & public records
64/100
Trust Score
Moderate

Akshar Spintex is assessed as Moderate with a Trust Score of 64/100. Akshar Spintex is an active public limited indian non-government company incorporated in 2013, operating in the Manufacturing sector. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Akshar Spintex Limited snapshot & full profile →

Financial Health › Neutral
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Neutral

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
64/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
48/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 60/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.
  • Externally credit-rated (BB+).

Charges position: 2 open (7.76 cr) · 2 satisfied (50.76 cr).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India1 48.0 cr
Others2 48.0 cr
The South Indian Bank Limited1 48.0 cr
Compliance Score: 48/100 Caution Indicated
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: BSE.
  • Litigation present in 2 court forum(s).
  • Delayed payments to MSME suppliers disclosed (4 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
ILABEN DINESHBHAI PAGHDAR 01234567 Director 01/04/2018 6 yrs Approved
PARSHOTAM VASOYA 01234567 Director 01/04/2018 6 yrs Approved
NIRALA INDUBHAI JOSHI 01234567 Director 01/04/2018 6 yrs Approved
HARIKRUSHNA SHAMJIBHAI CHAUHAN 01234567 Director 01/04/2018 6 yrs Approved
ROHIT BHANJIBHAI DOBARIYA 01234567 Director 01/04/2018 6 yrs Approved
Harry Paghdar 01234567 Director 01/04/2018 6 yrs Approved
Sureshkumar Chaturbhai Gajera 01234567 Director 01/04/2018 6 yrs Approved
Dheeraj Kumar Sahu 01234567 Director 01/04/2018 6 yrs Approved
Poonam Pratik Kapupara 01234567 Director 01/04/2018 6 yrs Approved
Namrata Jagdishbhai Seta 01234567 Director 01/04/2018 6 yrs Approved
Bhavin Jayantibhai Kothiya 01234567 Director 01/04/2018 6 yrs Approved
  • 11 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2022)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2025 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 0 transfer(s)

Promoters hold a minority stake - exact percentages are part of the full report.

Key managerial personnel: HARIKRUSHNA SHAMJIBHAI CHAUHAN (Whole-time director) · Harry Paghdar (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 55 · Distress 60
Growth signals & trust indicators
Asset base grew 1.42 - capacity expansion.
Operating for 13+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Compliance score is weak (48/100).
2 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 2.38 Lakh.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence56/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment54/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 7.76 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view56/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
24 Nov 2025
Director appointed
Bhavin Jayantibhai Kothiya (Additional Director)
27 Oct 2025
Director appointed
Namrata Jagdishbhai Seta (Company Secretary)
25 Aug 2025
Director ceased
Sureshkumar Chaturbhai Gajera
Last AGM held
Annual general meeting
21 May 2025
Director appointed
Harry Paghdar (Managing Director)
Director appointed
Sureshkumar Chaturbhai Gajera (Additional Director)
Director ceased
Harry Paghdar
31 Mar 2025
Latest balance sheet
Filed with ROC
24 Mar 2025
Director appointed
Dheeraj Kumar Sahu (Company Secretary)
08 Mar 2024
Director appointed
Poonam Pratik Kapupara (Cfo)
22 Aug 2023
Charge created
Others - 5.00 cr
30 Sep 2021
Charge satisfied
Others
29 Sep 2021
Director ceased
PARSHOTAM VASOYA
23 Aug 2021
Director appointed
PARSHOTAM VASOYA (Director)
Director ceased
VIPUL VALLABHBHAI PATEL
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
11 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BB+ from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Rajashree Spintex Private Limited U17115TN2003PTC052234 Viruthunagar-Dist, Tamil Nadu, India
Weizmann Limited L65990MH1985PLC038164 Mumbai, Maharashtra, India
Sahyog Ginning And Pressing Private Limited U01405GJ2008PTC055356 Amreli, Gujarat, India
Sultania Oil Industries Private Limited U15140MH1993PTC071155 Nagpur, Maharashtra, India
Hukam Chand Gupta Fabrics Private Limited U17121DL2005PTC133858 New Delhi, Delhi, India
Sailakshmi U45300KA1994FTC016840 Bangalore, Karnataka, India
Faballey U14109UP2012PTC122945 Noida, Uttar Pradesh, India
S P Spinning Mills Private Limited U17111TZ1979PTC000862 Salem, Tamil Nadu, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Akshar Spintex before audits and certifications: compliance score 48/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Akshar Spintex: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 55/100, margin trends, ownership structure and peer set for Akshar Spintex - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 64/100, distress signals and MSME payment-delay disclosures - know whether Akshar Spintex pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Akshar Spintex - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Akshar Spintex an active company?

Akshar Spintex has MCA status “Active” with a compliance score of 48/100 (Caution Indicated).

Is Akshar Spintex financially healthy?

Akshar Spintex has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.

Should I do business with Akshar Spintex?

Its overall Trust Score is 64/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Akshar Spintex?

Promoters hold a minority stake - exact percentages are in the full report. 11 active director(s) are on record.

Does Akshar Spintex have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Akshar Spintex up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 48/100 (Caution Indicated).

Is it risky to lend to Akshar Spintex?

Its Credit Risk Score is 60/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.