Etco Denim Private Limited - Due diligence report

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

2005-04-21 Andheri East, Maharashtra Under Cirp Unlisted Active Compliant
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Etco Denim Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
35/100
Trust Score
Caution Indicated

Etco Denim Private Limited is assessed as Caution Indicated with a Trust Score of 35/100. Etco Denim Private Limited is a private limited indian non-government company incorporated in 2005, operating in the Manufacturing 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 high compliance risk and high financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Etco Denim Private Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Weak
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
35/100
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
5/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
20/100
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: 45/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Externally credit-rated (D).

Charges position: 8 open (389.12 cr) · 1 satisfied (237.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Corporation Bank4 48.0 cr
Others3 48.0 cr
Srei Equipment Finance Limited1 48.0 cr
Punjab & Sind Bank1 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Under Cirp" - not Active.
  • Last balance sheet is for Mar 2019 - filings overdue.
  • Flagged by authority: NCLT, EPFO.
  • Litigation present in 5 court forum(s).
  • 2 active GST registration(s).
Legal cases on record (5)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
GAJENDRA BHUPENDRA SARTANPARA 01234567 Director 01/04/2018 6 yrs Approved
RAMESH DAHYALAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
Nidhi Krutik Shah 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.
  • Average tenure above 5 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 2019 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 the largest single block of equity - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 20
Growth signals & trust indicators
Steady revenue growth: +38% over 4 year(s).
Operating for 21+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
Statutory filings appear overdue.
Adverse company status: Under Cirp.
Compliance score is weak (5/100).
8 open charge(s) registered - assets are encumbered.
5 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence18/100
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 assessment23/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 8 open charge(s) of 389.12 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view34/100
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 events
30 Sep 2019
Last AGM held
Annual general meeting
11 Apr 2019
Director appointed
Nidhi Krutik Shah (Company Secretary)
31 Mar 2019
Latest balance sheet
Filed with ROC
27 Nov 2017
Securities allotted
89510204 Equity Shares Without Differential Rights - 89.51 cr raised
26 Dec 2016
Director ceased
CHHATTAR KUMAR GOUSHAL
22 Nov 2016
Charge created
Others - 20.83 Lakh
30 Sep 2015
Director ceased
GAJENDRA BHUPENDRA SARTANPARA
22 Oct 2014
Charge created
Srei Equipment Finance Limited - 17.92 Lakh
01 Oct 2014
Director appointed
GAJENDRA BHUPENDRA SARTANPARA (Director)
Director ceased
SATYANARAYAN RAMLALJI KUCHHAL
14 Jun 2014
Securities allotted
22304730 Equity Shares Without Differential Rights - 22.30 cr raised
02 Jun 2014
Securities allotted
18245270 Equity Shares Without Differential Rights - 18.25 cr raised
06 May 2014
Charge created
Corporation Bank - 141.99 cr
30 Dec 2013
Charge created
Others - 6.40 Lakh
25 Mar 2013
Charge created
Corporation Bank - 6.97 Lakh
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
3 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of D from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2019 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 8 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Vantage Spinners Private Limited U17111AP2006PTC050750 Nuzividu, Andhra Pradesh, India
Premier Metcast Private Limited U27104UP2005PTC030190 Kanpur Dehat, Uttar Pradesh, India
Reynold U17120MH2003PLC143303 Mumbai, Maharashtra, India
Ramrati Jagdish Private Limited U17200DL2012PTC234783 Delhi, Delhi, India
Axis Clothing & Design Company Private Limited U18204MH2014PTC255039 Mumbai, Maharashtra, India
Sgel U17300MH2002PLC138217 Thane, Maharashtra, India
Clc Industries Limited L74899MH1991PLC457161 Aurangabad, Maharashtra, India
Indoworth India Limited U01122MH1997PLC105543 Nagpur, Maharashtra, India
12

Who Uses This Report

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

Verify Etco Denim Private Limited 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 Etco Denim 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: Enhanced diligence advised. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 60/100, margin trends, ownership structure and peer set for Etco Denim Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 35/100, distress signals and MSME payment-delay disclosures - know whether Etco Denim Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Etco Denim Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Etco Denim Private Limited an active company?

Etco Denim Private Limited has MCA status “Under Cirp” with a compliance score of 5/100 (Caution Indicated).

Is Etco Denim Private Limited financially healthy?

Etco Denim Private Limited has a Financial Health Score of 5/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Etco Denim Private Limited?

Its overall Trust Score is 35/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Etco Denim Private Limited?

Promoters hold the largest single block of equity - exact percentages are in the full report. 3 active director(s) are on record.

Does Etco Denim Private Limited have loans or charges against its assets?

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

Is Etco Denim Private Limited up to date with its ROC filings?

Last balance sheet is for Mar 2019 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Etco Denim Private Limited?

Its Credit Risk Score is 45/100 (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.