Bihar Sponge Iron Limited - Due diligence report

A 360° intelligence report on Bihar Sponge Iron: trust score, financial health, credit view, compliance, directors, growth and distress sign…

1982-04-16 Kharsawan, Jharkhand Active Listed Active Compliant
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BS Bihar Sponge Iron Limited
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Bihar Sponge Iron — 360° Intelligence Report

Generated from MCA filings & public records
62/100
Trust Score
Moderate

Bihar Sponge Iron is assessed as Moderate with a Trust Score of 62/100. Bihar Sponge Iron is an active public limited indian non-government company incorporated in 1982, operating in the Metals and Minerals 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 17 Jul 2026 from the latest processed filings. Bihar Sponge Iron Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Weak

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
62/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
40/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
55/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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: 55/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Profitable - internal accruals available.

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

Compliance Score: 40/100 Caution Indicated
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: NSDL, DSE, BSE.
  • Litigation present in 3 court forum(s).
  • 3 auditor resignation(s) filed - latest: K. K. JAIN & CO. on 2023-11-03.
  • 1 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 80/100
NameDIN / PANDesignationAppointedTenureDIN status
AJAY KUMAR AGGARWAL 01234567 Director 01/04/2018 6 yrs Approved
ABHISHEK MODI 01234567 Director 01/04/2018 6 yrs Approved
Pramod Kumar Gupta 01234567 Director 01/04/2018 6 yrs Approved
SALIL SETH 01234567 Director 01/04/2018 6 yrs Approved
MOHI KUMARI 01234567 Director 01/04/2018 6 yrs Approved
ADITYA KUMAR MODI 01234567 Director 01/04/2018 6 yrs Approved
VIMAL PRASAD GUPTA 01234567 Director 01/04/2018 6 yrs Approved
KUMKUM MODI 01234567 Director 01/04/2018 6 yrs Approved
SACHIN 01234567 Director 01/04/2018 6 yrs Approved
Adhish Sharma 01234567 Director 01/04/2018 6 yrs Approved
Rohit Chawdhary 01234567 Director 01/04/2018 6 yrs Approved
UMESH KUMAR MODI 01234567 Director 01/04/2018 6 yrs Approved
JAYESH MODI 01234567 Director 01/04/2018 6 yrs Approved
  • 13 directors on the board.
  • No disqualified or deactivated DINs.
  • 6 director exits in 3 years - high churn.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

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
-

Key managerial personnel: ADITYA KUMAR MODI (Whole-time director) · SACHIN (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 90 · Distress 60
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
EPFO headcount growing - hiring signal.
Operating for 44+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Negative net worth.
3 director exits within 2 years.
Compliance score is weak (40/100).
3 auditor resignation(s) on record - review the stated reasons.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence53/100
Review suggested
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 assessment51/100
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 view71/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
25 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
27 Sep 2024
Director ceased
MOHI KUMARI
Director ceased
Adhish Sharma
Director ceased
Rohit Chawdhary
16 Sep 2024
Director appointed
MOHI KUMARI (Director)
Director appointed
Adhish Sharma (Director)
Director appointed
Rohit Chawdhary (Director)
16 Feb 2024
Director ceased
JAGDISH CHANDER CHAWLA
27 Dec 2023
Director ceased
Pramod Kumar Gupta
27 Nov 2023
Director appointed
Pramod Kumar Gupta (Director)
28 Sep 2023
Director ceased
AJAY KUMAR AGGARWAL
01 Sep 2023
Director appointed
AJAY KUMAR AGGARWAL (Director)
30 Sep 2022
Director ceased
ASHA AGARWAL
Director ceased
SALIL SETH
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
13 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Src Chemicals Private Limited U14107PN2002PTC017227 Pune, Maharashtra, India
Unipres U34300TN2008PTC067215 Sriperumbudur Taluk, Tamil Nadu, India
Magcore Lamination (India) Private Limited U85110KA1987PTC008493 Tumkur, Karnataka, India
Divine Power Energy Limited L27320DL2001PLC112176 New Delhi, Delhi, India
G.T.R. Aluminium Private Limited U27203KA2004PTC033623 Bangalore., Karnataka, India
Chame Agro Industries Private Limited U01100PN2006PTC022062 Pune, Maharashtra, India
Vrinda Engineers Private Limited U70101WB1997PTC085960 Kolkata, West Bengal, India
Synergy L27100PN2010PLC137493 Kolhapur, Maharashtra, India
12

Who Uses This Report

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

Verify Bihar Sponge Iron before audits and certifications: compliance score 40/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Bihar Sponge Iron: 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: Positive growth indicators. Growth score 90/100, margin trends, ownership structure and peer set for Bihar Sponge Iron - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 62/100, distress signals and MSME payment-delay disclosures - know whether Bihar Sponge Iron 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 Bihar Sponge Iron - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Bihar Sponge Iron an active company?

Bihar Sponge Iron has MCA status “Active” with a compliance score of 40/100 (Caution Indicated).

Is Bihar Sponge Iron financially healthy?

Bihar Sponge Iron has a Financial Health Score of 55/100 (Moderate) based on its filed financial statements.

Should I do business with Bihar Sponge Iron?

Its overall Trust Score is 62/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Bihar Sponge Iron?

See the directors and ownership sections above for board and shareholding detail. 13 active director(s) are on record.

Does Bihar Sponge Iron have loans or charges against its assets?

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

Is Bihar Sponge Iron up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 40/100 (Caution Indicated).

Is it risky to lend to Bihar Sponge Iron?

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.