Aquaignis Technologies Private Limited - Due diligence report

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

2012-11-01 Mumbai, Maharashtra Amalgamated Unlisted Active Compliant
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AT Aquaignis Technologies Private Limited
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Eureka Forbes — 360° Intelligence Report

Generated from MCA filings & public records
48/100
Trust Score
Caution Indicated

Eureka Forbes is assessed as Caution Indicated with a Trust Score of 48/100. Eureka Forbes is a private limited indian non-government company incorporated in 2012, operating in the Environment sector. Reported revenue has declined across its recent filed years. 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. Aquaignis Technologies Private Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Caution

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 ScoreCaution Indicated
48/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
23/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
55/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
25/100
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.

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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.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 23/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Last balance sheet is for Mar 2021 - filings overdue.
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
KAVITA GOVINDLAL GANDHI 01234567 Director 01/04/2018 6 yrs Approved
CHINTAN NIKHIL KAMDAR 01234567 Director 01/04/2018 6 yrs Approved
MARZIN ROOMI SHROFF 01234567 Director 01/04/2018 6 yrs Approved
SURESH REDHU 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • MARZIN ROOMI SHROFF has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
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 2020 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
Eureka Forbes Ltd
Subsidiaries
-
Group entities
-
Capital events
10 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Eureka Forbes Ltd Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 45 · Distress 25
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
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.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (23/100).
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence31/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 4 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment49/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view49/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
13 Sep 2021
Last AGM held
Annual general meeting
31 Mar 2021
Latest balance sheet
Filed with ROC
18 Sep 2018
Director ceased
KAVITA GOVINDLAL GANDHI
Director ceased
SURESH REDHU
24 Aug 2018
Director appointed
KAVITA GOVINDLAL GANDHI (Director)
13 Jun 2018
Director appointed
CHINTAN NIKHIL KAMDAR (Company Secretary)
Director ceased
YANIV IZHAK NEEMAN
Director ceased
JONATHAN BEN DAVID
14 May 2018
Director appointed
SURESH REDHU (Director)
03 Jun 2015
Director ceased
MOSHE YESHAYAHU GAZIT
15 Mar 2014
Securities allotted
783717 Equity Shares Without Differential Rights - 78.37 Lakh raised
10 Dec 2013
Securities allotted
783717 Equity Shares Without Differential Rights - 78.37 Lakh raised
02 Dec 2013
Securities allotted
783717 Equity Shares Without Differential Rights - 78.37 Lakh raised
26 Nov 2013
Securities allotted
783717 Equity Shares Without Differential Rights - 78.37 Lakh raised
24 May 2013
Securities allotted
1324150 Equity Shares Without Differential Rights - 1.32 cr raised
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
4 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2020 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 10 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Saffron Transformer Components Private Limited U29120MP2007PTC020135 Gwalior, Madhya Pradesh, India
Maheshwari Electros Pvt Ltd U51100RJ1985PTC003401 Sikar, Rajasthan, India
Jupiter Power Transmission Pvt Ltd U31100MH1986PTC041162 Mumbai, Maharashtra, India
Unix Switchgear Private Limited U31200PB2012PTC036295 Ludhiana, Punjab, India
Vintaje Flow Control Equipments Private Limited U29100PN2016PTC165562 Pune, Maharashtra, India
Regent Control Systems (I) Private Limited U31100GJ1997PTC033473 Gandhinagar, Gujarat, India
Areovision India Private Limited U51505MH2008PTC183919 Mumbai, Maharashtra, India
Capco Electronics Private Limited U31900TG2015PTC100653 Rangareddy District, Telangana, India
12

Who Uses This Report

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

Verify Eureka Forbes before audits and certifications: compliance score 23/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Eureka Forbes: 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 45/100, margin trends, ownership structure and peer set for Eureka Forbes - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 48/100, distress signals and MSME payment-delay disclosures - know whether Eureka Forbes pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Eureka Forbes - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Eureka Forbes an active company?

Eureka Forbes has MCA status “Amalgamated” with a compliance score of 23/100 (Caution Indicated).

Is Eureka Forbes financially healthy?

Eureka Forbes has a Financial Health Score of 55/100 (Moderate) based on its filed financial statements.

Should I do business with Eureka Forbes?

Its overall Trust Score is 48/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Eureka Forbes?

The ultimate holding entity is Eureka Forbes Ltd. 4 active director(s) are on record.

Does Eureka Forbes have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Eureka Forbes up to date with its ROC filings?

Last balance sheet is for Mar 2021 - filings overdue. Overall compliance score: 23/100 (Caution Indicated).

Is it risky to lend to Eureka Forbes?

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.