Comet Polyplast Private Limited - Due diligence report

A 360° intelligence report on Comet Polyplast Private Limited: trust score, financial health, credit view, compliance, directors, growth and…

2015-07-17 Kalavad, Gujarat Active Unlisted Active Compliant
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Comet Polyplast Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
86/100
Trust Score
Low Risk

Comet Polyplast Private Limited is assessed as Low Risk with a Trust Score of 86/100. Comet Polyplast Private Limited is an active private limited indian non-government company incorporated in 2015, operating in the Manufacturing 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 low compliance risk and low financial risk profile.

Report generated on 24 Oct 2026 from the latest processed filings. Comet Polyplast Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
88/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
30/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 30/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Profitable - internal accruals available.

Charges position: 2 open (17.94 cr) · 1 satisfied (4.95 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc Bank Limited1 48.0 cr
Canara Bank1 48.0 cr
Sidbi1 48.0 cr
Compliance Score: 88/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
AKASH RAMESHBHAI BHUT 01234567 Director 01/04/2018 6 yrs Approved
PARINKUMAR BHANJIBHAI BHUT 01234567 Director 01/04/2018 6 yrs Approved
SUDHABEN KANTILAL BHUT 01234567 Director 01/04/2018 6 yrs Approved
ROHITBHAI JADAVBHAI BHUT 01234567 Director 01/04/2018 6 yrs Approved
DHRUV HEMANTBHAI BHUT 01234567 Director 01/04/2018 6 yrs Approved
VIREN JADAVBHAI BHUT 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.
06

Ownership & Group Intelligence

As per FY 2020 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
8 allotment(s) · 0 transfer(s)

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
Operating for 11+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 1.42 in a year.
2 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence85/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment58/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 17.94 cr already registered.
  • Compliance record supports lending.
Investor view86/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 5 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
27 Feb 2024
Charge created
Sidbi - 1.21 cr
25 Jan 2021
Charge satisfied
Canara Bank
14 Dec 2020
Charge created
Hdfc Bank Limited - 16.73 cr
30 Nov 2020
Securities allotted
910000 Equity Shares Without Differential Rights - 91.00 Lakh raised
26 Nov 2020
Securities allotted
910000 Equity Shares Without Differential Rights - 91.00 Lakh raised
19 Oct 2020
Director appointed
AKASH RAMESHBHAI BHUT (Director)
Director appointed
DHRUV HEMANTBHAI BHUT (Director)
29 May 2019
Securities allotted
340000 Equity Shares Without Differential Rights - 34.00 Lakh raised
04 May 2019
Securities allotted
340000 Equity Shares Without Differential Rights - 34.00 Lakh raised
03 Mar 2016
Securities allotted
179400 Equity Shares Without Differential Rights - 17.94 Lakh raised
15 Feb 2016
Securities allotted
179400 Equity Shares Without Differential Rights - 17.94 Lakh raised
04 Dec 2015
Charge created
Canara Bank - 4.95 cr
08 Nov 2015
Securities allotted
560600 Equity Shares Without Differential Rights - 56.06 Lakh 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.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
6 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.
Promoters hold a dominant controlling stake as per the FY 2020 annual return.
Capital has been raised through 8 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Adarsh Pvc Pipes Private Limited U74899DL1995PTC072477 New Delhi, Delhi, India
Sasa Rubbers Private Limited U25199GJ2009PTC057089 Morbi, Gujarat, India
Rnp Slide India Private Limited U28999DL2013PTC262043 Delhi, Delhi, India
Varsha Mouldings Private Limited U25190PN2006PTC022267 Ahmednagar, Maharashtra, India
Petrocehm Specialities And Bitumens Private Limited U24131UP2005PTC030513 Agra, Uttar Pradesh, India
Cepac Packaging Private Limited U25202MH2006PTC160909 Thane, Maharashtra, India
Vidhaata Global Limited U25201DL2014PLC272452 New Delhi, Delhi, India
Premier L34103PN1944PLC020842 Pune, Maharashtra, India
12

Who Uses This Report

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

Verify Comet Polyplast Private Limited before audits and certifications: compliance score 88/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Comet Polyplast Private 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: Mixed indicators - deeper appraisal suggested. Credit risk score 30/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Comet Polyplast Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 86/100, distress signals and MSME payment-delay disclosures - know whether Comet Polyplast Private 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 Comet Polyplast Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Comet Polyplast Private Limited an active company?

Comet Polyplast Private Limited has MCA status “Active” with a compliance score of 88/100 (Low Risk).

Is Comet Polyplast Private Limited financially healthy?

Comet Polyplast Private Limited has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Comet Polyplast Private Limited?

Its overall Trust Score is 86/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Comet Polyplast Private Limited?

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

Does Comet Polyplast Private Limited have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.

Is Comet Polyplast Private Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2025). Overall compliance score: 88/100 (Low Risk).

Is it risky to lend to Comet Polyplast Private Limited?

Its Credit Risk Score is 30/100 (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.