Circuit Systems (India) Private Limited - Due diligence report

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

1995-02-08 Ahmedabad, Gujarat Active Unlisted Active Compliant
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CS Circuit Systems (India) Private Limited
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Mycsil — 360° Intelligence Report

Generated from MCA filings & public records
80/100
Trust Score
Low Risk

Mycsil is assessed as Low Risk with a Trust Score of 80/100. Mycsil is an active private limited indian non-government company incorporated in 1995, operating in the Information Technology 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 low financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Circuit Systems (India) Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
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 ScoreLow Risk
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
48/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
80/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Consolidated · 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: 80/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 1.42).
  • Profitable - internal accruals available.

Charges position: 2 open (57.64 cr) · 5 satisfied (41.40 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc Bank Limited3 48.0 cr
Corporation Bank2 48.0 cr
The Kalupur Commercial Co Operative Bank Limited1 48.0 cr
Others1 48.0 cr
Compliance Score: 48/100 Caution Indicated
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: BSE.
  • Litigation present in 2 court forum(s).
  • Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
PARESH NAVNIT VASANI 01234567 Director 01/04/2018 6 yrs Approved
JAYESH HASHMUKHLAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
JASMINE PARESH VASANI 01234567 Director 01/04/2018 6 yrs Approved
PREETI AMIT CHOUKSEY 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
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 2024 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
1
Group entities
1
Capital events
0 allotment(s) · 1 transfer(s)

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

Group entityRelationship% held
Pcb Power Inc. Subsidiary Company 74.00%
Pcb Power (india) Limited Subsidiary Company 74.00%

Key managerial personnel: PARESH NAVNIT VASANI (Managing Director) · PREETI AMIT CHOUKSEY (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 90 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 31+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (48/100).
2 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 5.97 Lakh.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence70/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment76/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 57.64 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view89/100
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
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
13 Jul 2024
Director ceased
SURESHBHAI MULJIBHAI POOJARA
27 Jun 2024
Charge satisfied
Hdfc Bank Limited
11 May 2023
Charge created
Hdfc Bank Limited - 9.75 cr
18 Feb 2022
Charge created
Hdfc Bank Limited - 3.00 cr
16 Oct 2020
Charge satisfied
Others
23 May 2019
Charge created
Others - 3.50 cr
31 Mar 2019
Share transfer (FY 2019)
2250000.00000000 shares to EUROCIRCUITS N V
30 Sep 2016
Director ceased
JAYESH HASHMUKHLAL SHAH
06 Apr 2016
Director appointed
JASMINE PARESH VASANI (Director)
Director ceased
KEJRIWAL MADHU KEJRIWAL
Director ceased
CHETANKUMAR PANCHAL
21 Nov 2015
Charge satisfied
Corporation Bank
30 Sep 2015
Charge created
Hdfc Bank Limited - 47.89 cr
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
4 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
7 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Adtech L33111TN1990PLC018678 Neelankarai, Tamil Nadu, India
Trend Electronics Limited L99999MH1989PLC052233 Aurangabad, Maharashtra, India
Mro-Tek L28112KA1984PLC005873 Bangalore, Karnataka, India
Cns Cables India Private Limited U31900GJ2022PTC136300 Palsana, Gujarat, India
Luxshare India Private Limited U31100TN2019FTC127511 Tamilnadu, Tamil Nadu, India
Wirelux Cables Private Limited U28998DL2019PTC358470 New Delhi, Delhi, India
Desai Electronics U32109PN1981PTC024206 Pune, Maharashtra, India
Kritikalsecurescan U28299DL2005PTC139427 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Mycsil before audits and certifications: compliance score 48/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Mycsil: 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: Favourable lending indicators. Credit risk score 80/100, 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 Mycsil - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Mycsil 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 Mycsil - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Mycsil an active company?

Mycsil has MCA status “Active” with a compliance score of 48/100 (Caution Indicated).

Is Mycsil financially healthy?

Mycsil has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Mycsil?

Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Mycsil?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 4 active director(s) are on record.

Does Mycsil have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 5 earlier charge(s) stand satisfied.

Is Mycsil up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 48/100 (Caution Indicated).

Is it risky to lend to Mycsil?

Its Credit Risk Score is 80/100 (Low Risk). Banker verdict: Favourable lending indicators.

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.