Farmico Commodities Private Limited - Due diligence report

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

2006-01-05 Mumbai, Maharashtra Active Unlisted Active Compliant
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Farmico Commodities Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
70/100
Trust Score
Moderate

Farmico Commodities Private Limited is assessed as Moderate with a Trust Score of 70/100. Farmico Commodities Private Limited is an active private limited indian non-government company incorporated in 2006, operating in the Agriculture sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and moderate financial risk profile.

Report generated on 10 Oct 2026 from the latest processed filings. Farmico Commodities Private Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Neutral

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
70/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 60/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Profitable - internal accruals available.
  • Externally credit-rated (B+).

Charges position: 0 open (-) · 4 satisfied (59.75 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Axis Bank Limited1 48.0 cr
Others1 48.0 cr
Bank Of India1 48.0 cr
Standard Chartered Bank1 48.0 cr
Compliance Score: 50/100 Moderate
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2024 - filings overdue.
  • Litigation present in 1 court forum(s).
  • 3 auditor resignation(s) filed - latest: A S DAGA & CO. on 2019-05-22.
  • Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
VIMAL MAHESH SHAH 01234567 Director 01/04/2018 6 yrs Approved
Naresh Ghanshyam Nagdev 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 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 2023 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
Farmico Cold Chain & Logistics Limited
Subsidiaries
1
Group entities
1
Capital events
1 allotment(s) · 10 transfer(s)

Promoters hold the largest single block of equity - exact percentages are part of the full report.

Group entityRelationship% held
True K Private Limited Subsidiary Company 74.00%
Farmico Cold Chain & Logistics Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 65
Growth signals & trust indicators
Operating for 20+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
Compliance score is weak (50/100).
3 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.87 Lakh.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence60/100
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 assessment59/100
Mixed indicators - deeper appraisal suggested
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 view56/100
Mixed indicators
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 15 events
13 Aug 2025
Director appointed
Naresh Ghanshyam Nagdev (Additional Director)
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
06 Mar 2023
Charge satisfied
Axis Bank Limited
06 Sep 2021
Charge satisfied
Standard Chartered Bank
11 May 2021
Charge satisfied
Others
31 Mar 2020
Share transfer (FY 2020)
50.00000000 shares to VIMAL SHAH
13 Jul 2019
Director ceased
KIRAN NARANG RAJA
Director ceased
RONAK MEHTA NITIN
Director ceased
NIKHILESH PRADYUMNA THAKAR
16 May 2019
Director ceased
HARSH RAJESH KATRA
30 Nov 2018
Charge created
Others - 20.00 cr
05 Oct 2018
Director ceased
HARISH KAMDAR PRABHUDAS
25 Sep 2018
Director ceased
SOMESH WADHWANI
08 Feb 2018
Director ceased
VIDHI CHANDRAPRAKASH WADHWANI
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Net worth is positive.
2 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 4 registered charge(s) stand satisfied - past borrowings repaid.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of B+ from Icra.
Promoters hold the largest single block of equity as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Sagi Seeds Private Limited U74900TG2014PTC093467 Hyderabad, Telangana, India
Sai Substrates Private Limited U51497TZ2010PTC015749 Dindigul, Tamil Nadu, India
Deo Ratan Agro Foods Private Limited U01110UP2020PTC135564 Kanpur, Uttar Pradesh, India
Shubhangi Agritech Private Limited U01403BR2013PTC021214 Gaya, Bihar, India
Mayur Ginning And Pressing Pvt Ltd U17119GJ1994PTC022754 Na, Gujarat, India
Choice Hatchery Private Limited U74999HR2018PTC072553 Jind, Haryana, India
Nand Gopal Agro Industries Private Limited U01403BR2012PTC018021 Darbhanga, Bihar, India
Vasmi Farm Fresh Private Limited U15400UP2019PTC114412 Meerut, Uttar Pradesh, India
12

Who Uses This Report

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

Verify Farmico Commodities Private Limited before audits and certifications: compliance score 50/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Farmico Commodities 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: 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 40/100, margin trends, ownership structure and peer set for Farmico Commodities Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 70/100, distress signals and MSME payment-delay disclosures - know whether Farmico Commodities Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Farmico Commodities Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Farmico Commodities Private Limited an active company?

Farmico Commodities Private Limited has MCA status “Active” with a compliance score of 50/100 (Moderate).

Is Farmico Commodities Private Limited financially healthy?

Farmico Commodities Private Limited has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.

Should I do business with Farmico Commodities Private Limited?

Its overall Trust Score is 70/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Farmico Commodities Private Limited?

The ultimate holding entity is Farmico Cold Chain & Logistics Limited. 2 active director(s) are on record.

Does Farmico Commodities Private Limited have loans or charges against its assets?

No open charges - all 4 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Farmico Commodities Private Limited up to date with its ROC filings?

Last balance sheet is for Mar 2024 - filings overdue. Overall compliance score: 50/100 (Moderate).

Is it risky to lend to Farmico Commodities Private Limited?

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.