Ethical Poly Paper Private Limited - Due diligence report

A 360° intelligence report on Ethical Poly Paper Private Limited: trust score, financial health, credit view, compliance, directors, growth …

1995-09-04 Ahmedabad, Gujarat Amalgamated Unlisted
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Ethical Poly Paper Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
54/100
Trust Score
Moderate

Ethical Poly Paper Private Limited is assessed as Moderate with a Trust Score of 54/100. Ethical Poly Paper Private Limited is a private limited indian non-government company incorporated in 1995, operating in the Musical Instruments sector. Processed financial statements are not yet available for trend analysis. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.

Report generated on 09 Aug 2026 from the latest processed filings. Ethical Poly Paper Private Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Weak

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
54/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
30/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
35/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreNo Data
N/A
Needs at least two filed years to measure growth.
Distress ScoreModerate
55/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 1 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: 50/100 Moderate
  • No open charges - unencumbered balance sheet.
  • Elevated gearing (D/E 38%).

Charges position: 0 open (-) · 1 satisfied (17.03 Lakh).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc Bank Limited1 48.0 cr
Compliance Score: 30/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Last balance sheet is for Mar 2017 - filings overdue.
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
NIRAJ CHAITANYA DESAI 01234567 Director 01/04/2018 6 yrs Approved
JIGNESH BHIKHUBHAI DESAI 01234567 Director 01/04/2018 6 yrs Approved
DHIREN MAHESHKUMAR DESAI 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 2017 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
-

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 N/A · Distress 55
Growth signals & trust indicators
Operating for 30+ years.
Distress signals & risk flags
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (30/100).
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence45/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment40/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view26/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 9 events
29 Sep 2017
Last AGM held
Annual general meeting
20 May 2017
Charge satisfied
Hdfc Bank Limited
31 Mar 2017
Latest balance sheet
Filed with ROC
03 Jul 2014
Charge created
Hdfc Bank Limited - 17.03 Lakh
10 Feb 2010
Director appointed
JIGNESH BHIKHUBHAI DESAI (Director)
25 Mar 2009
Director appointed
NIRAJ CHAITANYA DESAI (Director)
Director ceased
ARUNABEN MAHESHBHAI DESAI
04 Sep 1995
Incorporated
Registered with Roc Ahmedabad
Director appointed
DHIREN MAHESHKUMAR DESAI (Director)
10

Key Observations

Auto-generated from the data above
3 active director(s) / partner(s); board looks stable and experienced.
All 1 registered charge(s) stand satisfied - past borrowings repaid.
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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Sagun Gems Private Limited U36911RJ2003PTC018680 Jaipur, Rajasthan, India
Dm3 Gems Private Limited U27205MH2008PTC183062 Mumbai, Maharashtra, India
Spiritual Products Private Limited U36912KA2012PTC067267 Mysore, Karnataka, India
Annaco Food Industries Private Limited U74899DL1989PTC035994 New Delhi, Delhi, India
Sugan Chand Ratan Lal Ranka Private Limited U17117RJ1994PTC008694 Ajmer, Rajasthan, India
Brocin Textiles Limited U74899DL1993PLC056031 Delhi, Delhi, India
Gauravam Jewellery Private Limited U36996KA2014PTC073006 Bangalore, Karnataka, India
Surya Feeds & Concentrates Private Limited U15122DL2009PTC188438 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Ethical Poly Paper Private Limited before audits and certifications: compliance score 30/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Ethical Poly Paper 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 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score n/a, margin trends, ownership structure and peer set for Ethical Poly Paper Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 54/100, distress signals and MSME payment-delay disclosures - know whether Ethical Poly Paper Private Limited 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 Ethical Poly Paper Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Ethical Poly Paper Private Limited an active company?

Ethical Poly Paper Private Limited has MCA status “Amalgamated” with a compliance score of 30/100 (Caution Indicated).

Is Ethical Poly Paper Private Limited financially healthy?

Ethical Poly Paper Private Limited has a Financial Health Score of 35/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Ethical Poly Paper Private Limited?

Its overall Trust Score is 54/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Ethical Poly Paper Private Limited?

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

Does Ethical Poly Paper Private Limited have loans or charges against its assets?

No open charges - all 1 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Ethical Poly Paper Private Limited up to date with its ROC filings?

Last balance sheet is for Mar 2017 - filings overdue. Overall compliance score: 30/100 (Caution Indicated).

Is it risky to lend to Ethical Poly Paper Private Limited?

Its Credit Risk Score is 50/100 (Moderate). 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.