Baid Mercantiles Ltd - Due diligence report

A 360° intelligence report on Baid Mercantiles Ltd: trust score, financial health, credit view, compliance, directors, growth and distress s…

1988-06-08 Kolkata, West Bengal Active Listed Active Compliant
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Baid Mercantiles Ltd — 360° Intelligence Report

Generated from MCA filings & public records
68/100
Trust Score
Moderate

Baid Mercantiles Ltd is assessed as Moderate with a Trust Score of 68/100. Baid Mercantiles Ltd is an active public limited indian non-government company incorporated in 1988, operating in the Real Estate and Construction sector. 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 25 Aug 2026 from the latest processed filings. Baid Mercantiles Ltd snapshot & full profile →

Financial Health › Neutral
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Neutral

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
68/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
46/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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: 45/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.

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

Compliance Score: 46/100 Caution Indicated
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: FIU, SEBI.
  • Litigation present in 2 court forum(s).
  • 1 auditor resignation(s) filed - latest: VASUDEO & ASSOCIATES on 2021-05-14.
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
JAYESH MAITRA MAJUMDER 01234567 Director 01/04/2018 6 yrs Approved
ASHISH KUMAR UPADHYAY 01234567 Director 01/04/2018 6 yrs Approved
BINOD KUMAR KHANDELWAL 01234567 Director 01/04/2018 6 yrs Approved
JYOTI SHAW 01234567 Director 01/04/2018 6 yrs Approved
SABITA KHANDELWAL 01234567 Director 01/04/2018 6 yrs Approved
SABITA KHANDELWAL 01234567 Director 01/04/2018 6 yrs Approved
Uma Agrawal 01234567 Director 01/04/2018 6 yrs Approved
Ashwani Agarwal 01234567 Director 01/04/2018 6 yrs Approved
  • 8 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
0 allotment(s) · 8 transfer(s)

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

Key managerial personnel: BINOD KUMAR KHANDELWAL (Managing Director) · SABITA KHANDELWAL (CFO) · SABITA KHANDELWAL (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 50 · Distress 90
Growth signals & trust indicators
Operating for 38+ years.
Distress signals & risk flags
Compliance score is weak (46/100).
1 auditor resignation(s) on record - review the stated reasons.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence66/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment47/100
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 view54/100
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
15 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
15 Feb 2025
Director appointed
Uma Agrawal (Company Secretary)
12 Aug 2024
Director appointed
Ashwani Agarwal (Director)
14 Nov 2022
Director appointed
JYOTI SHAW (Company Secretary)
30 Mar 2020
Director appointed
ASHISH KUMAR UPADHYAY (Director)
16 Feb 2020
Director ceased
ASHOKKUMAR RAMSWARUP AGRAWAL
08 Feb 2017
Director ceased
PRERNA PRIYA
02 May 2016
Director appointed
SABITA KHANDELWAL (CFO)
01 Oct 2015
Director appointed
SABITA KHANDELWAL (Whole-time director)
29 Sep 2015
Director ceased
AKHILESH PRASAD SHAW
31 Mar 2015
Share transfer (FY 2015)
10000.00000000 shares to NARAYAN PRASAD AGARWALA AND OTHERS
Share transfer (FY 2015)
5000.00000000 shares to NARAYAN PRASAD AGARWALA AND OTHERS
Share transfer (FY 2015)
250000.00000000 shares to KEDIA TRADE AND AGENCIES P LTD
Share transfer (FY 2015)
102500.00000000 shares to NARAYAN PRASAD AGARWALA AND OTHERS
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net worth is positive.
8 active director(s) / partner(s); board looks stable and experienced.
Promoters hold a minority 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
Bdbs Associates Limited U22219WB1988PLC217742 Kolkata, West Bengal, India
Shinewell Leasing Ltd L65910DL1984PLC019329 New Delhi, Delhi, India
Dhvanil Enterprises Private Limited U70109PN2017PTC171548 Pune, Maharashtra, India
T.C. Buildcon Private Limited U04520CT2006PTC018638 Raipur, Chattisgarh, India
Sreemitra Estates Private Limited U70102TG1995PTC021287 Hyderabad, Telangana, India
Rashi Merchantiles Pvt. Ltd. U51109WB1994PTC064241 Kolkata, West Bengal, India
Dudhoria Construction Co Ltd L45201WB1981PLC033825 Kolkata, West Bengal, India
Victor Commercial Co Ltd L65923WB1980PLC032919 Kolkata, West Bengal, India
12

Who Uses This Report

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

Verify Baid Mercantiles Ltd before audits and certifications: compliance score 46/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Baid Mercantiles Ltd: 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 45/100, 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 Baid Mercantiles Ltd - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 68/100, distress signals and MSME payment-delay disclosures - know whether Baid Mercantiles Ltd pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Baid Mercantiles Ltd - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Baid Mercantiles Ltd an active company?

Baid Mercantiles Ltd has MCA status “Active” with a compliance score of 46/100 (Caution Indicated).

Is Baid Mercantiles Ltd financially healthy?

Baid Mercantiles Ltd has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.

Should I do business with Baid Mercantiles Ltd?

Its overall Trust Score is 68/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Baid Mercantiles Ltd?

Promoters hold a minority stake - exact percentages are in the full report. 8 active director(s) are on record.

Does Baid Mercantiles Ltd have loans or charges against its assets?

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

Is Baid Mercantiles Ltd up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 46/100 (Caution Indicated).

Is it risky to lend to Baid Mercantiles Ltd?

Its Credit Risk Score is 45/100 (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.