Promoter holding
64.27%
AL
Ashima Limited - Due diligence report
A 360° intelligence report on Ashima Texcellence: trust score, financial health, credit view, compliance, directors, growth and distress sig…
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Ashima Texcellence — 360° Intelligence Report
Generated from MCA filings & public records71/100
Trust Score
Moderate
Ashima Texcellence is assessed as Moderate with a Trust Score of 71/100. Ashima Texcellence is an active public limited indian non-government company incorporated in 1982, operating in the Manufacturing 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 moderate compliance risk and moderate financial risk profile.
Report generated on 29 Jun 2026 from the latest processed filings. Ashima Limited snapshot & full profile →
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 & explainableTrust ScoreModerate
71/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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 accessScores 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: 55/100 Moderate
- Negative operating earnings - debt service depends on external support.
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
Charges position: 3 open (180.00 cr) · 48 satisfied (795.23 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 23 | 48.0 cr |
| Axis Bank Limited | 4 | 48.0 cr |
| Asset Reconstruction Company (India) Limited | 4 | 48.0 cr |
| Asset Reconstruction Company (India) Ltd | 2 | 48.0 cr |
| Idbi Trusteeship Services Limited | 2 | 48.0 cr |
| Asset Reconstruction Company (India ) Limited | 1 | 48.0 cr |
Compliance Score: 50/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: DSE.
- Litigation present in 3 court forum(s).
- 2 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SANJAY SHAILESHBHAI MAJMUDAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAYESH CHAMPAKLAL BHAYANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KOUSHLYA VIJAY MELWANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KRISHNACHINTAN CHINTAN PARIKH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAYESH CHAMPAKLAL BHAYANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHINTAN NAVNITLAL PARIKH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NEERAJ GOLAS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NILESH BANSILAL MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Harshil Ketanbhai Shah | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- 2 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2023 annual returnPublic / 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) · 1 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Shardul Garments Private Limited | Associate Company | 74.00% |
Key managerial personnel: JAYESH CHAMPAKLAL BHAYANI (CFO) · KRISHNACHINTAN CHINTAN PARIKH (Whole-time director) · JAYESH CHAMPAKLAL BHAYANI (CFO) · CHINTAN NAVNITLAL PARIKH (Managing Director)
Full shareholding pattern, group structure & capital events →
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Risk Intelligence Center
Growth 45 · Distress 75
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 44+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Compliance score is weak (50/100).
3 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence64/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment57/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 180.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view58/100
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 events12 Sep 2025
Charge satisfied
Others
26 Aug 2025
Charge created
Others - 120.00 cr
07 Aug 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
11 Feb 2025
Charge created
Others - 50.00 cr
Charge satisfied
Others
02 Dec 2024
Charge satisfied
Others
29 Sep 2024
Director ceased
BAKUL HARSHADRAI DHOLAKIA
31 Aug 2024
Director appointed
Harshil Ketanbhai Shah (Company Secretary)
16 Aug 2024
Director ceased
NILESH BANSILAL MEHTA
25 May 2024
Director appointed
NILESH BANSILAL MEHTA (Director)
24 May 2024
Charge created
Others - 20.00 cr
11 Jan 2024
Charge created
Others - 30.00 cr
03 Nov 2023
Charge created
Others - 20.00 cr
14 Sep 2023
Charge created
Others - 40.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue 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.
9 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Mpm Textiles Private Limited | U17111TZ2004PTC011161 | Coimbatore District., Tamil Nadu, India |
| Gokaldas | U18101KA1995PTC017081 | Bangalore, Karnataka, India |
| K.L.Jute Products Pvt Ltd | U17112WB1985PTC039897 | Kol, West Bengal, India |
| Ratan Barjatiya Spinners Private Limited | U17299RJ2019PTC066778 | Bhilwara, Rajasthan, India |
| Olive Tex Silk Mills Private Limited | U17299MH2007PTC166694 | Mumbai, Maharashtra, India |
| Murarka Suitings Private Limited | U45201RJ1988PTC004349 | Bhilwara, Rajasthan, India |
| Empire Apparels Private Limited | U18101DL2005PTC142254 | Delhi, Delhi, India |
| Sky Spintex Private Limited | U17291GJ2015PTC083871 | Botad, Gujarat, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Ashima Texcellence before audits and certifications: compliance score 50/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Ashima Texcellence: 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 55/100, 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 Ashima Texcellence - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 71/100, distress signals and MSME payment-delay disclosures - know whether Ashima Texcellence pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Ashima Texcellence - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Ashima Texcellence an active company?
Ashima Texcellence has MCA status “Active” with a compliance score of 50/100 (Moderate).
Is Ashima Texcellence financially healthy?
Ashima Texcellence has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.
Should I do business with Ashima Texcellence?
Its overall Trust Score is 71/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Ashima Texcellence?
Promoters hold a majority stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Ashima Texcellence have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 48 earlier charge(s) stand satisfied.
Is Ashima Texcellence up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 50/100 (Moderate).
Is it risky to lend to Ashima Texcellence?
Its Credit Risk Score is 55/100 (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.
