Avask Steels Limited - Due diligence report

A 360° intelligence report on Avask Steels Limited: trust score, financial health, credit view, compliance, directors, growth and distress s…

2013-05-02 Delhi, Delhi Active Unlisted Active Compliant
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AS Avask Steels Limited
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Avask Steels Limited — 360° Intelligence Report

Generated from MCA filings & public records
73/100
Trust Score
Moderate

Avask Steels Limited is assessed as Moderate with a Trust Score of 73/100. Avask Steels Limited is an active public limited indian non-government company incorporated in 2013, operating in the Metals and Minerals sector. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and high financial risk profile.

Report generated on 18 Jul 2026 from the latest processed filings. Avask Steels Limited snapshot & full profile →

Financial Health › Weak
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 ScoreModerate
73/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
88/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
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.

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: 35/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Working-capital cover adequate.

Charges position: 2 open (449.28 cr) · 1 satisfied (7.30 Lakh).

Banking relationships (from registered charges)
LenderChargesAmount
Others2 48.0 cr
Canara Bank1 48.0 cr
Compliance Score: 88/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
ANURAG GUPTA 01234567 Director 01/04/2018 6 yrs Approved
Ankit Taparia 01234567 Director 01/04/2018 6 yrs Approved
VANDANA MADHAN 01234567 Director 01/04/2018 6 yrs Approved
DEEPA GOYEL 01234567 Director 01/04/2018 6 yrs Approved
SURINDER KUMAR GUPTA 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • No disqualified or deactivated DINs.
  • 3 director exit(s) in the last 3 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
Gulf Petrochem Fzc
Subsidiaries
-
Group entities
1
Capital events
42 allotment(s) · 3 transfer(s)

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

Group entityRelationship% held
Gulf Petrochem Fzc Holding Company 74.00%
Trimula Industries Limited Associate Company 74.00%

Key managerial personnel: SURINDER KUMAR GUPTA (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 50 · Distress 65
Growth signals & trust indicators
Operating for 13+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Outside liabilities up 38% in a year.
2 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence77/100
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 449.28 cr already registered.
  • Compliance record supports lending.
Investor view52/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2024
Last AGM held
Annual general meeting
29 Sep 2024
Director ceased
ANURAG GUPTA
Director ceased
DEEPA GOYEL
10 Jun 2024
Director appointed
DEEPA GOYEL (Director)
29 Apr 2024
Director appointed
ANURAG GUPTA (Director)
Director ceased
ANITA GOYAL
31 Mar 2024
Latest balance sheet
Filed with ROC
12 Jun 2023
Director appointed
Ankit Taparia (Company Secretary)
14 Oct 2022
Director ceased
SAIYAD SHAHIN ALAM
31 Mar 2022
Director ceased
BIJAYKUMAR SATYANARAYAN SANKU
15 Dec 2020
Director ceased
SURINDER KUMAR GUPTA
21 Nov 2020
Director appointed
SURINDER KUMAR GUPTA (Managing Director)
31 Mar 2019
Share transfer (FY 2019)
5000.00000000 shares to Ayush Goel
Share transfer (FY 2019)
53838.00000000 shares to Sudhir Goyel
20 Nov 2018
Director ceased
KEDAR NATH GUPTA
10

Key Observations

Auto-generated from the data above
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
5 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.
Capital has been raised through 42 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Big Ideas Creations Private Limited U26933DL2000PTC107608 Delhi, Delhi, India
Tolasariya Metals Udyog Private Limited U27109TG2000PTC033329 Hyderabad., Telangana, India
Brassomelt Extrusions Private Limited U27310GJ2010PTC060036 Jamnagar, Gujarat, India
Supreme Switchgears And Transformers Pvt Ltd U31100MH1987PTC043316 Aurangabad, Maharashtra, India
Azad Body Builders P Ltd U92411RJ1989PTC004823 Jaipur, Rajasthan, India
Shreya Plasto Bathware Private Limited U74999MH2020PTC340102 Nagpur (Urban), Maharashtra, India
Proteck Precision Private Limited U29253TN2008PTC065970 Kanchipuram, Tamil Nadu, India
Abhyant Efg And Engineering Private Limited U27320CT2020PTC010946 Raipur, Chattisgarh, India
12

Who Uses This Report

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

Verify Avask Steels Limited before audits and certifications: compliance score 88/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Avask Steels 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 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 50/100, margin trends, ownership structure and peer set for Avask Steels Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 73/100, distress signals and MSME payment-delay disclosures - know whether Avask Steels Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Avask Steels Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Avask Steels Limited an active company?

Avask Steels Limited has MCA status “Active” with a compliance score of 88/100 (Low Risk).

Is Avask Steels Limited financially healthy?

Avask Steels Limited has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Avask Steels Limited?

Its overall Trust Score is 73/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Avask Steels Limited?

The ultimate holding entity is Gulf Petrochem Fzc. 5 active director(s) are on record.

Does Avask Steels Limited have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.

Is Avask Steels Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 88/100 (Low Risk).

Is it risky to lend to Avask Steels Limited?

Its Credit Risk Score is 35/100 (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.