Promoter holding
64.27%
AD
Associate Decor Limited - Due diligence report
A 360° intelligence report on Associate Decor Limited: trust score, financial health, credit view, compliance, directors, growth and distres…
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Associate Decor Limited — 360° Intelligence Report
Generated from MCA filings & public records50/100
Trust Score
Moderate
Associate Decor Limited is assessed as Moderate with a Trust Score of 50/100. Associate Decor Limited is a public limited indian non-government company incorporated in 2007, operating in the Manufacturing sector. The company has shown revenue growth across its recent filed years. It was profitable 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 03 Jul 2026 from the latest processed filings. Associate Decor 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
50/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
30/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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: 30/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 1.42).
- Profitable - internal accruals available.
Charges position: 11 open (739.22 cr) · 2 satisfied (96.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Corporation Bank | 6 | 48.0 cr |
| Others | 3 | 48.0 cr |
| Bank Of Baroda | 2 | 48.0 cr |
| Corproation Bank | 2 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is "Under Cirp" - not Active.
- Marked ACTIVE non-compliant (INC-22A).
- Last balance sheet is for Mar 2015 - filings overdue.
- Flagged by authority: NCLT, BANKS.
- Litigation present in 5 court forum(s).
- 2 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| YAHYA MOHAMED FAROUK DARVESH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MOHAMED FAROUK SULEMAN DARVESH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SRICHAND SATRAMDAS AGICHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NOORUDDIN KHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HIMAYATH ALI KHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| EBRAHIM SULEMAN DARVESH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| FAROOQ ALI KHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAVITA RAMESH RATHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SIDARRTHA AGICHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANOHARLAL SATRAMDAS AGICHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMIT BHANDARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 directors on the board.
- SRICHAND SATRAMDAS AGICHA 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 2015)
| 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 2015 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
Associate Holdings Private Limited
Subsidiaries
-
Group entities
-
Capital events
4 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Associate Holdings Private Limited | Holding Company | 74.00% |
Key managerial personnel: AMIT BHANDARI (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 55
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Net margin improved to 61%.
Operating for 19+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Statutory filings appear overdue.
Adverse company status: Under Cirp.
Compliance score is weak (5/100).
11 open charge(s) registered - assets are encumbered.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence34/100
Caution indicated
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 assessment36/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 11 open charge(s) of 739.22 cr already registered.
- Compliance gaps should be priced into terms.
Investor view75/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events27 Feb 2017
Charge created
Others - 27.00 cr
01 Sep 2016
Director ceased
FAROOQ ALI KHAN
30 Jun 2016
Charge created
Others - 5.00 cr
18 Jun 2016
Last AGM held
Annual general meeting
10 Apr 2016
Director ceased
ASHOK SUNDERDAS AGICHA
31 Mar 2016
Charge created
Others - 20.00 cr
26 Jun 2015
Charge created
Bank Of Baroda - 11.40 cr
18 Jun 2015
Charge satisfied
Bank Of Baroda
31 Mar 2015
Latest balance sheet
Filed with ROC
18 Feb 2015
Director appointed
AMIT BHANDARI (CFO)
01 Jan 2015
Charge created
Bank Of Baroda - 3.00 cr
04 Sep 2013
Director appointed
KAVITA RAMESH RATHI (Company Secretary)
01 Aug 2013
Charge created
Corproation Bank - 32.78 Lakh
15 Jun 2013
Charge created
Corproation Bank - 45.00 Lakh
22 Feb 2013
Charge created
Corporation Bank - 29.00 Lakh
10
Key Observations
Auto-generated from the data aboveRevenue 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.
11 active director(s) / partner(s); review board churn before relying on management continuity.
2 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 2015 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 4 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Alluri Casing Private Limited | U21023TG2010PTC069219 | Hyderabad, Telangana, India |
| Vijay Anand And Associates Pvt Ltd | U74899DL1971PTC005581 | New Delhi, Delhi, India |
| Avdhoot Redefine Papers Private Limited | U21014GJ2011PTC064673 | Ahmedabad, Gujarat, India |
| Nldk Timbers Private Limited | U20299DL2000PTC105368 | New Delhi, Delhi, India |
| Vishnuvardhan Papers Mills Private Limited | U21012TZ1984PTC001520 | Udumalpet, Tamil Nadu, India |
| United Paperboards Private Limited | U21010BR1987PTC002591 | Patna, Bihar, India |
| Leo Timber Private Limited | U20299DL1997PTC091129 | New Delhi, Delhi, India |
| Shree Shyam Pulp & Board Mills Limited | U74899DL1994PLC060237 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Associate Decor Limited before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Associate Decor 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: Enhanced diligence advised. Credit risk score 30/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Associate Decor Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 50/100, distress signals and MSME payment-delay disclosures - know whether Associate Decor Limited pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Associate Decor Limited - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Associate Decor Limited an active company?
Associate Decor Limited has MCA status “Under Cirp” with a compliance score of 5/100 (Caution Indicated).
Is Associate Decor Limited financially healthy?
Associate Decor Limited has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Associate Decor Limited?
Its overall Trust Score is 50/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Associate Decor Limited?
The ultimate holding entity is Associate Holdings Private Limited. 11 active director(s) are on record.
Does Associate Decor Limited have loans or charges against its assets?
11 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.
Is Associate Decor Limited up to date with its ROC filings?
Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Associate Decor Limited?
Its Credit Risk Score is 30/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
