Dharan Infra-Epc Limited - Due diligence report

A 360° intelligence report on Karda Construction: trust score, financial health, credit view, compliance, directors, growth and distress sig…

2007-09-17 Nashik, Maharashtra Under Cirp Listed Active Compliant
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Karda Construction — 360° Intelligence Report

Generated from MCA filings & public records
49/100
Trust Score
Caution Indicated

Karda Construction is assessed as Caution Indicated with a Trust Score of 49/100. Karda Construction is a public limited indian non-government company incorporated in 2007, operating in the Real Estate and Construction sector. Reported revenue has declined 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 moderate financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Dharan Infra-Epc Limited snapshot & full profile →

Financial Health › Good
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 ScoreCaution Indicated
49/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
55/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
35/100
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.

Get full access

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: 60/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.
  • Externally credit-rated (D).

Charges position: 13 open (184.75 cr) · 30 satisfied (512.60 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Tata Capital Housing Finance Limited8 48.0 cr
Others10 48.0 cr
Icici Bank Limited5 48.0 cr
State Bank Of India3 48.0 cr
Icici Home Finance Company Limited3 48.0 cr
Il & Fs Trust Company Limited1 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Under Cirp" - not Active.
  • Balance sheet slightly behind (Mar 2024).
  • Flagged by authority: BSE.
  • Litigation present in 2 court forum(s).
  • 1 auditor resignation(s) filed - latest: Shah and Modi Chartered Accountants on 2017-12-01.
  • Delayed payments to MSME suppliers disclosed (43 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
DEVESH NARESH KARDA 01234567 Director 01/04/2018 6 yrs Approved
Liyakat Mohommad Khan 01234567 Director 01/04/2018 6 yrs Approved
SANDEEP RAVINDRA SHAH 01234567 Director 01/04/2018 6 yrs Approved
MUTHUSUBRAMANIAN HARIHARAN 01234567 Director 01/04/2018 6 yrs Approved
Prachi Aditya Sakpal 01234567 Director 01/04/2018 6 yrs Approved
NARESH JAGUMAL KARDA 01234567 Director 01/04/2018 6 yrs Approved
Mayura Dinesh Marathe 01234567 Director 01/04/2018 6 yrs Approved
Reshma Susan Thomas 01234567 Director 01/04/2018 6 yrs Approved
  • 8 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 2021)
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 2021 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
10 allotment(s) · 0 transfer(s)

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

Key managerial personnel: Liyakat Mohommad Khan (CFO) · NARESH JAGUMAL KARDA (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 45 · Distress 35
Growth signals & trust indicators
Asset base grew 1.42 - capacity expansion.
Operating for 18+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Adverse company status: Under Cirp.
Compliance score is weak (5/100).
13 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 1.67 cr.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence27/100
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 assessment45/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 13 open charge(s) of 184.75 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view50/100
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 2024
Last AGM held
Annual general meeting
02 Sep 2024
Director appointed
Reshma Susan Thomas (Additional Director)
Director ceased
SRI RAM PAVAN KUMAR VEMURI
13 Jul 2024
Director appointed
Prachi Aditya Sakpal (Additional Director)
09 Jul 2024
Director appointed
MUTHUSUBRAMANIAN HARIHARAN (Additional Director)
31 Mar 2024
Latest balance sheet
Filed with ROC
29 Sep 2022
Director ceased
ZIRAL PANKAJKUMAR SONI
13 Nov 2021
Director ceased
DEVESH NARESH KARDA
25 Oct 2021
Director ceased
SHWETA RAJU TOLANI
11 Oct 2021
Director appointed
DEVESH NARESH KARDA (Director)
Director ceased
DISHA NARESH KARDA
27 May 2021
Charge created
Others - 23.00 cr
05 May 2021
Charge satisfied
State Bank Of India
17 Feb 2021
Charge created
Others - 1.00 cr
01 Feb 2021
Director ceased
MANOHAR JAGUMAL KARDA
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
8 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of D from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2021 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 10 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Rock & Reef Dredging Private Limited U63012MH2006PTC166576 Navi Mumbai, Maharashtra, India
Prime Infradevelopers Private Limited U45400DL2009PTC253047 New Delhi, Delhi, India
Suryapriya Constructions Private Limited U45201KA2020PTC133858 Hoskote, Karnataka, India
Southcity Properties (India) Private Limited U70102KA2007PTC042046 Bangalore, Karnataka, India
Precast India Infrastructures U45209PN2009PTC135144 Pune, Maharashtra, India
Zuari Infraworld India Limited U45309KA2007PLC043161 Bangalore, Karnataka, India
Mmtp Projects Private Limited U45309MH2022PTC434673 Mumbai, Maharashtra, India
Fagu Jai Mangal Infra Private Limited U45309BR2017PTC035586 Kahalgaon, Bhagalpur, Bihar, India
12

Who Uses This Report

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

Verify Karda Construction before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Karda Construction: 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 60/100, 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 Karda Construction - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 49/100, distress signals and MSME payment-delay disclosures - know whether Karda Construction 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 Karda Construction - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Karda Construction an active company?

Karda Construction has MCA status “Under Cirp” with a compliance score of 5/100 (Caution Indicated).

Is Karda Construction financially healthy?

Karda Construction has a Financial Health Score of 55/100 (Moderate) based on its filed financial statements.

Should I do business with Karda Construction?

Its overall Trust Score is 49/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Karda Construction?

Promoters hold a majority stake - exact percentages are in the full report. 8 active director(s) are on record.

Does Karda Construction have loans or charges against its assets?

13 open charge(s) are registered against its assets, and 30 earlier charge(s) stand satisfied.

Is Karda Construction up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Karda Construction?

Its Credit Risk Score is 60/100 (Moderate). 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.