Armec Cooling System Limited - Due diligence report

A 360° intelligence report on Armec Cooling System Limited: trust score, financial health, credit view, compliance, directors, growth and di…

1988-05-20 Sanand, Gujarat Active Unlisted Active Compliant
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AC Armec Cooling System Limited
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Armec Cooling System Limited — 360° Intelligence Report

Generated from MCA filings & public records
79/100
Trust Score
Low Risk

Armec Cooling System Limited is assessed as Low Risk with a Trust Score of 79/100. Armec Cooling System Limited is an active public limited indian non-government company incorporated in 1988, operating in the Consumer Electronics & Durables sector. The company has shown revenue growth 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 low compliance risk and moderate financial risk profile.

Report generated on 19 Jul 2026 from the latest processed filings. Armec Cooling System Limited snapshot & full profile →

Financial Health › Neutral
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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 ScoreLow Risk
79/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
93/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
25/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 25/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Working-capital cover adequate.

Charges position: 2 open (6.30 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Others2 48.0 cr
Compliance Score: 93/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
DINESH DEVJIBHAI HARANI 01234567 Director 01/04/2018 6 yrs Approved
DHARAV MANUBHAI MAHESHWARI 01234567 Director 01/04/2018 6 yrs Approved
JIMI MANUBHAI HARANI 01234567 Director 01/04/2018 6 yrs Approved
MANUBHAI DEVJIBHAI HARANI 01234567 Director 01/04/2018 6 yrs Approved
SONAM DHARAV MAHESHWARI 01234567 Director 01/04/2018 6 yrs Approved
HANSABEN MANUBHAI HARANI 01234567 Director 01/04/2018 6 yrs Approved
  • 6 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
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 2023 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
-

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

Group entityRelationship% held
Armec Ice & Cold Storage Private Limited Subsidiary Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Asset base grew 0.86 - capacity expansion.
Operating for 38+ years.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Outside liabilities up 61% in a year.
2 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence80/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment50/100
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 6.30 cr already registered.
  • Compliance record supports lending.
Investor view71/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 11 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
08 Feb 2024
Charge created
Others - 1.25 cr
04 Feb 2021
Charge created
Others - 5.05 cr
10 Jul 2020
Director appointed
JIMI MANUBHAI HARANI (Director)
01 May 2014
Director appointed
SONAM DHARAV MAHESHWARI (Director)
01 Mar 2012
Director appointed
DHARAV MANUBHAI MAHESHWARI (Director)
14 Aug 2006
Director appointed
HANSABEN MANUBHAI HARANI (Director)
20 May 1998
Director appointed
MANUBHAI DEVJIBHAI HARANI (Director)
12 Jun 1994
Director appointed
DINESH DEVJIBHAI HARANI (Director)
20 May 1988
Incorporated
Registered with Roc Ahmedabad
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
6 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Upc Instruments Private Limited U29305HR2018PTC074229 Panipat, Haryana, India
Shree Ganesh Control Panels Private Limited U28910MH2008PTC182079 Aurangabad, Maharashtra, India
I-Logicon Control Automation Private Limited U29221KA2003PTC032261 Bangalore, Karnataka, India
Telema Electricals Private Limited U31102HP1995PTC007151 Solan, Himachal Pradesh, India
Loom Crafts Shade Systems Private Limited U28111DL2008PTC183519 New Delhi, Delhi, India
Vidhyut Power Private Limited U27104GJ2010PTC061196 Pardi, Gujarat, India
Delair India U24111DL1988PTC034228 Delhi, Delhi, India
Rakman Industries Limited U27101DL1987PLC029464 Delhi, Delhi, India
12

Who Uses This Report

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

Verify Armec Cooling System Limited before audits and certifications: compliance score 93/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Armec Cooling System Limited: 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 25/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 85/100, margin trends, ownership structure and peer set for Armec Cooling System Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 79/100, distress signals and MSME payment-delay disclosures - know whether Armec Cooling System Limited 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 Armec Cooling System Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Armec Cooling System Limited an active company?

Armec Cooling System Limited has MCA status “Active” with a compliance score of 93/100 (Low Risk).

Is Armec Cooling System Limited financially healthy?

Armec Cooling System Limited has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.

Should I do business with Armec Cooling System Limited?

Its overall Trust Score is 79/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Armec Cooling System Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 6 active director(s) are on record.

Does Armec Cooling System Limited have loans or charges against its assets?

2 open charge(s) are registered against its assets.

Is Armec Cooling System Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 93/100 (Low Risk).

Is it risky to lend to Armec Cooling System Limited?

Its Credit Risk Score is 25/100 (Caution Indicated). 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.