Promoter holding
64.27%
DP
Doshion Private Limited - Due diligence report
A 360° intelligence report on Dws: trust score, financial health, credit view, compliance, directors, growth and distress signals - generate…
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Dws — 360° Intelligence Report
Generated from MCA filings & public records40/100
Trust Score
Caution Indicated
Dws is assessed as Caution Indicated with a Trust Score of 40/100. Dws is a private limited indian non-government company incorporated in 1995, operating in the Environment 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 high financial risk profile.
Report generated on 16 Jul 2026 from the latest processed filings. Doshion Private Limited snapshot & full profile →
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 & explainableTrust ScoreCaution Indicated
40/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
20/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
25/100
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 ScoreCaution Indicated
25/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 4 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores 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: 25/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 38%).
- Externally credit-rated (D).
Charges position: 17 open (1,256.81 cr) · 15 satisfied (172.56 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Il & Fs Trust Company Limited | 1 | 48.0 cr |
| Idbi Bank Limited | 2 | 48.0 cr |
| The Karur Vysya Bank Limited | 1 | 48.0 cr |
| Dena Bank | 3 | 48.0 cr |
| Bank Of Maharashtra | 3 | 48.0 cr |
| State Bank Of India | 6 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is "Under Liquidation" - not Active.
- Marked ACTIVE non-compliant (INC-22A).
- Last balance sheet is for Mar 2018 - filings overdue.
- Flagged by authority: BANKS, EPFO, NCLT.
- Litigation present in 4 court forum(s).
- 2 auditor resignation(s) filed - latest: Talati & Talati on 2017-04-21.
- Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
- 4 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAKSHIT DHIRAJLAL DOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHIT DHIRAJLAL DOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 2 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 2015)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2017 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
6
Group entities
6
Capital events
2 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Doshion Fabrication Company Private Limited | Subsidiary Company | 74.00% |
| Doshion Infrastructure Development Private Limited | Subsidiary Company | 74.00% |
| Doshion Water Umbrella (cuddalore) Private Limited | Subsidiary Company | 74.00% |
| Nagaur Water Supply Company Private Limited | Subsidiary Company | 74.00% |
| Shivpuri Water Infrastructure Private Limited | Subsidiary Company | 74.00% |
| Thomson Nusa Metals Private Limited | Subsidiary Company | 74.00% |
| Pacific Pipe Systems Private Limited | Subsidiary Company | 74.00% |
| Doshion Water Solution Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: ASHIT DHIRAJLAL DOSHI (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 45 · Distress 25
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 31+ 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.
Statutory filings appear overdue.
Adverse company status: Under Liquidation.
Compliance score is weak (5/100).
17 open charge(s) registered - assets are encumbered.
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 7.17 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence22/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 4 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment18/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 17 open charge(s) of 1,256.81 cr already registered.
- Compliance gaps should be priced into terms.
Investor view35/100
Limited indicators at present
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 events30 Mar 2019
Last AGM held
Annual general meeting
31 Mar 2018
Latest balance sheet
Filed with ROC
05 Nov 2016
Director ceased
AMIT DHIRAJLAL DOSHI
30 Mar 2016
Charge satisfied
Bank Of Maharashtra
26 Feb 2016
Director ceased
RISHI DAYANAND KHARKWAL
20 Mar 2015
Charge created
Bank Of Maharashtra - 95.41 cr
25 Dec 2014
Director ceased
DHIRAJLAL SHIVLAL DOSHI
12 Sep 2014
Charge created
Dena Bank - 88.87 cr
27 Aug 2014
Charge created
Idbi Bank Limited - 33.15 cr
23 Jun 2014
Director ceased
GANAPATHY VISWANATHAN IYER
20 Jan 2014
Director ceased
PRASAD GADKARI
26 Nov 2013
Charge created
Il & Fs Trust Company Limited - 408.64 cr
20 Mar 2013
Charge created
Tata Capital Financial Services Limited - 10.00 cr
25 Jan 2013
Director ceased
CHINUBHAI RAMANLAL SHAH
22 Jan 2013
Charge created
Bank Of Maharashtra - 3.30 cr
10
Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 3 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
2 active director(s) / partner(s); board looks stable and experienced.
4 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of D from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2017 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
1 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Thermo Products Private Limited | U25202PN2004PTC019359 | Pune, Maharashtra, India |
| Ayka Mould Tech Industries Limited | U25209MH2017PLC291937 | Pimpalgaon, Maharashtra, India |
| Propyl Packaging Limited | U25202KL1996PLC010585 | Thrissur, Kerala, India |
| Kothari Prima Private Limited | U25199PN2012PTC144885 | Solapur, Maharashtra, India |
| Filtrum | U28932MH1981PTC024525 | Pune, Maharashtra, India |
| Toothbrush | U25209GJ1989PTC012570 | Surat, Gujarat, India |
| Rajput Plastics And Polymers Private Limited | U74999MH2017PTC297878 | Kasheli Village, Thane, Maharashtra, India |
| Ramdev Pvc Products Private Limited | U25111GJ2013PTC077004 | Surat, Gujarat, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Dws 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 Dws: 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 25/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score 45/100, margin trends, ownership structure and peer set for Dws - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 40/100, distress signals and MSME payment-delay disclosures - know whether Dws pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Dws - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Dws an active company?
Dws has MCA status “Under Liquidation” with a compliance score of 5/100 (Caution Indicated).
Is Dws financially healthy?
Dws has a Financial Health Score of 20/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Dws?
Its overall Trust Score is 40/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Dws?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 2 active director(s) are on record.
Does Dws have loans or charges against its assets?
17 open charge(s) are registered against its assets, and 15 earlier charge(s) stand satisfied.
Is Dws up to date with its ROC filings?
Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Dws?
Its Credit Risk Score is 25/100 (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.
