Candico (I) Limited - Due diligence report

A 360° intelligence report on Candicoindia: trust score, financial health, credit view, compliance, directors, growth and distress signals -…

1994-05-09 New Delhi, Delhi Active Unlisted Active Compliant
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C( Candico (I) Limited
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  • Director details, charges & MCA documents
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Candicoindia — 360° Intelligence Report

Generated from MCA filings & public records
65/100
Trust Score
Moderate

Candicoindia is assessed as Moderate with a Trust Score of 65/100. Candicoindia is an active public limited indian non-government company incorporated in 1994, operating in the Food and Beverages 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 moderate compliance risk and high financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Candico (I) Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Good

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
65/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
64/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
25/100
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
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.

Charges position: 0 open (-) · 13 satisfied (36.73 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Canara Bank11 48.0 cr
Corporation Bank1 48.0 cr
Lord Krishna Bank Limited1 48.0 cr
Compliance Score: 64/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 2 court forum(s).
  • 1 auditor resignation(s) filed - latest: V.K. Sehgal & Associates on 2017-12-31.
  • 2 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SANJAY GUPTA 01234567 Director 01/04/2018 6 yrs Approved
SANJIV KUMAR 01234567 Director 01/04/2018 6 yrs Approved
SUSHIL JAIN 01234567 Director 01/04/2018 6 yrs Approved
SURBHIT LIHALA 01234567 Director 01/04/2018 6 yrs Approved
MADHUKAR PREMDAS HATWAR 01234567 Director 01/04/2018 6 yrs Approved
Preetika Aggarwal 01234567 Director 01/04/2018 6 yrs Approved
  • 6 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
5 allotment(s) · 0 transfer(s)

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

Key managerial personnel: SANJIV KUMAR (Managing Director) · SUSHIL JAIN (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 70
Growth signals & trust indicators
Steady revenue growth: +1.42 over 4 year(s).
Operating for 32+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Negative net worth.
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.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment44/100
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 view49/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2025
Last AGM held
Annual general meeting
23 Sep 2025
Director appointed
Preetika Aggarwal (Additional Director)
31 Mar 2024
Latest balance sheet
Filed with ROC
07 Mar 2023
Director appointed
MADHUKAR PREMDAS HATWAR (Nominee Director)
30 Sep 2021
Director ceased
RAKESH SALHOTRA
Director ceased
SUNIL KAJARIA
25 Apr 2019
Director appointed
SURBHIT LIHALA (Nominee Director)
11 Apr 2019
Director appointed
SUSHIL JAIN (CFO)
01 Apr 2013
Director ceased
MAYANK JALAN
01 Oct 2012
Director ceased
NIRAJ BHUWANIA
25 Aug 2011
Charge satisfied
Lord Krishna Bank Limited
05 Apr 2011
Charge satisfied
Canara Bank
27 Mar 2011
Securities allotted
200000.00 Preference Shares - 84.00 Lakh raised
09 Oct 2010
Securities allotted
75000.00 Preference Shares - 31.50 Lakh raised
Securities allotted
6725000.00 Equity Shares - 18.83 cr raised
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
6 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
All 13 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
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 5 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Oror Flavours And Chemicals Private Limited U24231TN1986PTC013560 Madurai, Tamil Nadu, India
Ganesh Agroudyog Private Limited U74930UP2009PTC037452 Maharajganj, Uttar Pradesh, India
Badri Vishal Agro Private Limited U01100MP2010PTC024760 Gwalior, Madhya Pradesh, India
Maafresh Agro Foods Private Limited U01134TN2008PTC069155 Tambaram, Tamil Nadu, India
Shri Balaji Sun Wax Private Limited U15490KA2020PTC137654 Moodbidri, Karnataka, India
Sugosa Cottons Private Limited U17111MH2003PTC140567 Buldhana, Maharashtra, India
Gooddot U15549RJ2016PTC055989 Udaipur, Rajasthan, India
Annakut Biscuit Company Private Limited U15412UP1994PTC016074 Uttar Pradesh, Uttar Pradesh, India
12

Who Uses This Report

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

Verify Candicoindia before audits and certifications: compliance score 64/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Candicoindia: 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 60/100, margin trends, ownership structure and peer set for Candicoindia - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 65/100, distress signals and MSME payment-delay disclosures - know whether Candicoindia 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 Candicoindia - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Candicoindia an active company?

Candicoindia has MCA status “Active” with a compliance score of 64/100 (Moderate).

Is Candicoindia financially healthy?

Candicoindia has a Financial Health Score of 25/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Candicoindia?

Its overall Trust Score is 65/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Candicoindia?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 6 active director(s) are on record.

Does Candicoindia have loans or charges against its assets?

No open charges - all 13 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Candicoindia up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 64/100 (Moderate).

Is it risky to lend to Candicoindia?

Its Credit Risk Score is 45/100 (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.