Daspan Forex Private Limited - Due diligence report

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

2003-12-17 Mumbai, Maharashtra Active Unlisted Active Compliant
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Daspan Forex Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
82/100
Trust Score
Low Risk

Daspan Forex Private Limited is assessed as Low Risk with a Trust Score of 82/100. Daspan Forex Private Limited is an active private limited indian non-government company incorporated in 2003, operating in the Financial Services sector. Reported revenue has declined 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 20 Oct 2026 from the latest processed filings. Daspan Forex 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
82/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
81/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 1 open (1.60 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 48.0 cr
Compliance Score: 81/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2025).
  • Litigation present in 1 court forum(s).
  • 7 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
AMIT NANABHAU WABALE 01234567 Director 01/04/2018 6 yrs Approved
VIKESH MANGILAL JAIN 01234567 Director 01/04/2018 6 yrs Approved
Richa Dhwanil Bhojak 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
Director & KMP remuneration (FY 2017)
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 2025 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
7 allotment(s) · 0 transfer(s)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 45 · Distress 55
Growth signals & trust indicators
Asset base grew 2.1x - capacity expansion.
Operating for 22+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
Outside liabilities up 24% in a year.
1 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence74/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment87/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 1.60 cr already registered.
  • Compliance record supports lending.
Investor view66/100
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
17 Jul 2025
Director appointed
Richa Dhwanil Bhojak (Additional Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
29 Sep 2023
Director ceased
AMIT NANABHAU WABALE
31 Jul 2023
Director appointed
AMIT NANABHAU WABALE (Director)
Director ceased
KALPESH MANGILAL JAIN
31 Dec 2020
Director ceased
VIKESH MANGILAL JAIN
27 Oct 2020
Director appointed
VIKESH MANGILAL JAIN (Director)
Director ceased
HITESHKUMAR MANGILAL JAIN
08 Feb 2019
Securities allotted
416320 Equity Shares Without Differential Rights - 50.00 Lakh raised
17 Sep 2018
Charge created
Others - 1.60 cr
13 Nov 2017
Securities allotted
881310 Equity Shares Without Differential Rights - 99.50 Lakh raised
12 Sep 2017
Securities allotted
664305 Equity Shares Without Differential Rights - 75.00 Lakh raised
11 Aug 2017
Securities allotted
3386625 Equity Shares Without Differential Rights - 3.82 cr raised
16 Jun 2017
Securities allotted
2276350 Equity Shares Without Differential Rights - 2.57 cr raised
10

Key Observations

Auto-generated from the data above
Revenue declined 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
7 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 7 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Avs Global Private Limited U51909WB1994PTC065776 Kolkata, West Bengal, India
Opj Trading U51909DL2014PTC462022 Ahmadabad City, Gujarat, India
Brijwasi Securities Private Limited U66030MH2000PTC125521 Mumbai, Maharashtra, India
Super Handlers Private Limited U65910GJ1982PTC005080 Ahmedabad, Gujarat, India
Bnr Udyog Limited L67120TG1994PLC018841 Hyderabad, Telangana, India
Geecee L24249MH1984PLC032170 Mumbai, Maharashtra, India
Nipra Trading Private Limited U51100MH1995PTC091169 Mumbai, Maharashtra, India
Tara Minerals And Chemicals Private Limited U24110MH1989PTC052401 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Daspan Forex Private Limited before audits and certifications: compliance score 81/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Daspan Forex 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: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 45/100, margin trends, ownership structure and peer set for Daspan Forex Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 82/100, distress signals and MSME payment-delay disclosures - know whether Daspan Forex Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Daspan Forex Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Daspan Forex Private Limited an active company?

Daspan Forex Private Limited has MCA status “Active” with a compliance score of 81/100 (Low Risk).

Is Daspan Forex Private Limited financially healthy?

Daspan Forex Private Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Daspan Forex Private Limited?

Its overall Trust Score is 82/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Daspan Forex Private Limited?

See the directors and ownership sections above for board and shareholding detail. 3 active director(s) are on record.

Does Daspan Forex Private Limited have loans or charges against its assets?

1 open charge(s) are registered against its assets.

Is Daspan Forex Private Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2025). Overall compliance score: 81/100 (Low Risk).

Is it risky to lend to Daspan Forex Private Limited?

Its Credit Risk Score is 95/100 (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.