Brilliant Spaces Limited - Due diligence report

A 360° intelligence report on Brilliant Spaces Limited: trust score, financial health, credit view, compliance, directors, growth and distre…

1999-08-04 Indore, Madhya Pradesh Amalgamated Unlisted Active Compliant
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BS Brilliant Spaces Limited
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Brilliant Spaces Limited — 360° Intelligence Report

Generated from MCA filings & public records
50/100
Trust Score
Moderate

Brilliant Spaces Limited is assessed as Moderate with a Trust Score of 50/100. Brilliant Spaces Limited is a public limited indian non-government company incorporated in 1999, operating in the Financial Services sector. The company has shown revenue growth 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 high compliance risk and high financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Brilliant Spaces Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Caution

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
50/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
20/100
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
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
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: 40/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Elevated gearing (D/E 1.42).
  • Externally credit-rated (D).

Charges position: 0 open (-) · 12 satisfied (404.90 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others8 48.0 cr
State Bank Of India2 48.0 cr
Magma Fincorp Limited1 48.0 cr
Bank Of Maharashtra1 48.0 cr
Compliance Score: 20/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Last balance sheet is for Mar 2022 - filings overdue.
  • 1 auditor resignation(s) filed - latest: Rajesh Kumar Jain & Co. on 2018-06-20.
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
DHRUVRAJ CHOUDHARY 01234567 Director 01/04/2018 6 yrs Approved
YOGENDRA KUMAR UPADHYAY 01234567 Director 01/04/2018 6 yrs Approved
SANJAY CHOUDHARY 01234567 Director 01/04/2018 6 yrs Approved
MADHURI CHOUDHARY 01234567 Director 01/04/2018 6 yrs Approved
  • 4 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 2022)
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 2022 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
Brilliant Estates Limited
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Brilliant Estates Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 40
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Operating for 26+ years.
Distress signals & risk flags
Losses deepening year-on-year.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (20/100).
1 auditor resignation(s) on record - review the stated reasons.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence35/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment35/100
Enhanced diligence advised
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 view58/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
20 Sep 2022
Last AGM held
Annual general meeting
08 Sep 2022
Charge satisfied
State Bank Of India
03 Sep 2022
Charge satisfied
Others
27 Jul 2022
Charge satisfied
Others
26 Jul 2022
Charge satisfied
Others
31 Mar 2022
Latest balance sheet
Filed with ROC
29 Dec 2021
Charge created
Others - 3.00 cr
14 Oct 2021
Charge satisfied
Magma Fincorp Limited
04 Oct 2021
Charge satisfied
Others
13 Jan 2021
Charge created
Others - 64.00 Lakh
22 Dec 2020
Charge created
Others - 4.26 cr
08 Dec 2020
Charge satisfied
Others
01 Dec 2020
Charge created
Others - 125.00 cr
17 Mar 2020
Charge created
State Bank Of India - 30.75 cr
03 Aug 2019
Charge satisfied
Bank Of Maharashtra
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%.
Debt-to-equity stands at 1.42 - leverage worth monitoring.
Net worth is positive.
4 active director(s) / partner(s); board looks stable and experienced.
All 12 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of D from Icra.
Promoters hold a dominant controlling stake as per the FY 2022 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Radha Kanha Shanti Vanam U93000TG2010NPL066974 Ranga Reddy Dist, Telangana, India
Rangoli Buildtech Private Limited U70101DL2004PTC129243 New Delhi, Delhi, India
Kamal Sponge Steel And Power Limited U24117RJ1991PLC005891 Jaipur, Rajasthan, India
Ramky Enclave U45200TG2007PLC056183 Hyderabad, Telangana, India
Flair Exports Pvt Ltd U74899DL1990PTC041459 New Delhi, Delhi, India
Divya Dev Developers Private Limited U45201MP2007PTC019666 Indore, Madhya Pradesh, India
Subasri Realty Private Limited U45201TN2004PTC054407 Chennai 600 007, Tamil Nadu, India
Prajkta Estates Private Limited U45400MH2008PTC182338 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Brilliant Spaces Limited before audits and certifications: compliance score 20/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Brilliant Spaces 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 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 80/100, margin trends, ownership structure and peer set for Brilliant Spaces 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 Brilliant Spaces 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 Brilliant Spaces Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Brilliant Spaces Limited an active company?

Brilliant Spaces Limited has MCA status “Amalgamated” with a compliance score of 20/100 (Caution Indicated).

Is Brilliant Spaces Limited financially healthy?

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

Should I do business with Brilliant Spaces 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 Brilliant Spaces Limited?

The ultimate holding entity is Brilliant Estates Limited. 4 active director(s) are on record.

Does Brilliant Spaces Limited have loans or charges against its assets?

No open charges - all 12 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Brilliant Spaces Limited up to date with its ROC filings?

Last balance sheet is for Mar 2022 - filings overdue. Overall compliance score: 20/100 (Caution Indicated).

Is it risky to lend to Brilliant Spaces Limited?

Its Credit Risk Score is 40/100 (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.