Ergoflex (I) Private Limited - Due diligence report

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

1998-12-14 Kolkata, West Bengal Active Unlisted Active Compliant
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E( Ergoflex (I) Private Limited
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Ergoflex — 360° Intelligence Report

Generated from MCA filings & public records
68/100
Trust Score
Moderate

Ergoflex is assessed as Moderate with a Trust Score of 68/100. Ergoflex is an active private limited indian non-government company incorporated in 1998, operating in the Consumer Electronics & Durables sector. The company has shown revenue growth 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 low compliance risk and high financial risk profile.

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

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Good
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 ScoreModerate
68/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
88/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
30/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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: 30/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Externally credit-rated (D).

Charges position: 2 open (27.02 cr) · 1 satisfied (1.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Uco Bank2 48.0 cr
Oriental Bank Of Commerce1 48.0 cr
Compliance Score: 88/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
NITARRA PAREKH 01234567 Director 01/04/2018 6 yrs Approved
KARUNA PAREKH 01234567 Director 01/04/2018 6 yrs Approved
BHARAT JAGMOHAN PAREKH 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • NITARRA PAREKH has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
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
4 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 75 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 27+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
2 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence78/100
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 assessment44/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 27.02 cr already registered.
  • Compliance record supports lending.
Investor view58/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
13 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
10 Mar 2022
Securities allotted
2131758 Equity Shares Without Differential Rights - 3.52 cr raised
25 Jan 2022
Securities allotted
1169001 Equity Shares Without Differential Rights - 1.93 cr raised
29 Jan 2021
Securities allotted
42390 Equity Shares Without Differential Rights - 7.00 Lakh raised
02 Sep 2020
Charge created
Uco Bank - 3.93 cr
20 Mar 2020
Securities allotted
2157700 Equity Shares Without Differential Rights - 3.56 cr raised
16 Mar 2020
Director appointed
NITARRA PAREKH (Director)
14 Mar 2020
Director ceased
ANUPAMA SINGHI
13 Mar 2020
Director appointed
KARUNA PAREKH (Director)
30 Sep 2019
Director ceased
KARUNA PAREKH
Director ceased
DEVENDRA BHARAT PAREKH
12 Dec 2017
Charge satisfied
Oriental Bank Of Commerce
21 Jul 2017
Charge created
Uco Bank - 23.09 cr
11 Apr 2012
Charge created
Oriental Bank Of Commerce - 1.00 cr
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of D from Brickwork.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2021 annual return.
Capital has been raised through 4 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Rajshree Offset Pvt Ltd U51909WB1996PTC080196 Domjur, West Bengal, India
S S A S Packers Private Limited U21029WB2012PTC179508 Siliguri, West Bengal, India
Universal Furniture Company Private Limited U36100PN2012PTC141919 Satara, Maharashtra, India
Mangalam Wood Industries Pvt Ltd U20211MN1987PTC002754 Imphal, Manipur, India
Aadinath Paper Tech Private Limited U21099GJ2019PTC109803 Surat, Gujarat, India
Shreyas Papers Private Limited U02101KA1992PTC013345 Dandeli, Karnataka, India
Raaj Woodtek Private Limited U36990KA2019PTC124164 Bangalore, Karnataka, India
Ambica Furniture Private Limited U36109GJ2000PTC038465 Ahmedabad, Gujarat, India
12

Who Uses This Report

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

Verify Ergoflex 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 Ergoflex: 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 30/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 75/100, margin trends, ownership structure and peer set for Ergoflex - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 68/100, distress signals and MSME payment-delay disclosures - know whether Ergoflex 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 Ergoflex - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Ergoflex an active company?

Ergoflex has MCA status “Active” with a compliance score of 88/100 (Low Risk).

Is Ergoflex financially healthy?

Ergoflex has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Ergoflex?

Its overall Trust Score is 68/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Ergoflex?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Ergoflex have loans or charges against its assets?

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

Is Ergoflex up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 88/100 (Low Risk).

Is it risky to lend to Ergoflex?

Its Credit Risk Score is 30/100 (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.