Firefly Batteries Private Limited - Due diligence report

A 360° intelligence report on Firefly Batteries: trust score, financial health, credit view, compliance, directors, growth and distress sign…

2011-08-23 Ahmedabad, Gujarat Active Unlisted Active Non-Compliant
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FB Firefly Batteries Private Limited
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Firefly Batteries — 360° Intelligence Report

Generated from MCA filings & public records
63/100
Trust Score
Moderate

Firefly Batteries is assessed as Moderate with a Trust Score of 63/100. Firefly Batteries is an active private limited indian non-government company incorporated in 2011, operating in the Energy and Power 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 18 Jul 2026 from the latest processed filings. Firefly Batteries Private Limited snapshot & full profile →

Financial Health › Neutral
Overall Assessment CautionWeakNeutralGoodStrong Good
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
63/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
41/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
45/100
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 ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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.

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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: 25/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Externally credit-rated (D).

Charges position: 2 open (40.40 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Andhra Bank2 48.0 cr
Compliance Score: 41/100 Caution Indicated
  • Company status is Active as per MCA.
  • Marked ACTIVE non-compliant (INC-22A).
  • Last balance sheet is for Mar 2017 - filings overdue.
  • Litigation present in 2 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
ANAND PRIYAVADAN PANDYA 01234567 Director 01/04/2018 6 yrs Approved
JINAL SURESH SHAH 01234567 Director 01/04/2018 6 yrs Approved
SHIVAM RAVINDRA RASANIA 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.
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
2 allotment(s) · 1 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 85 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +2.1x over 3 year(s).
Latest year revenue grew 24%.
EPFO headcount growing - hiring signal.
Operating for 14+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Statutory filings appear overdue.
Compliance score is weak (41/100).
2 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence55/100
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 assessment35/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 40.40 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view66/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
26 Sep 2019
Director ceased
ANAND PRIYAVADAN PANDYA
30 May 2019
Director appointed
SHIVAM RAVINDRA RASANIA (Director)
31 Dec 2017
Director ceased
SATISHKUMAR ASAMAL MEHTA
30 Sep 2017
Last AGM held
Annual general meeting
31 Mar 2017
Latest balance sheet
Filed with ROC
31 Mar 2015
Share transfer (FY 2015)
500.00000000 shares to PRIYAVADAN ANAND
16 Dec 2014
Director ceased
BASANT KUMAR VAISHYA
Charge created
Andhra Bank - 8.70 cr
05 Nov 2014
Director appointed
ANAND PRIYAVADAN PANDYA (Director)
07 Jul 2014
Securities allotted
3555000 Equity Shares Without Differential Rights - 3.56 cr raised
09 Jun 2014
Director ceased
PRIYAVADAN SURENDRAPRASAD PANDYA
02 Jun 2014
Securities allotted
24835000 Equity Shares Without Differential Rights - 24.84 cr raised
09 May 2014
Charge created
Andhra Bank - 31.70 cr
31 Oct 2012
Director ceased
VARA PRASAD GALI
27 Jul 2012
Director ceased
ARUN PRATAP SINGH
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 3 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - leverage worth monitoring.
Net worth is positive.
3 active director(s) / partner(s); board looks stable and experienced.
1 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 a dominant controlling stake as per the FY 2017 annual return.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Fcl Landmarc Private Limited U74110MH2013PTC240961 Mumbai, Maharashtra, India
Shree Chatrabhuj Castoil Private Limited U15142GJ2014PTC080872 Surendranagar, Gujarat, India
Aashirwad Industries Private Limited U26940MH2012PTC232135 Nagpur, Maharashtra, India
Ravindra Feeds India Private Limited U15122HR2009PTC038799 Panipat, Haryana, India
Worldwide Traxim Private Limited U51909DL2013PTC255498 Delhi, Delhi, India
Shubham Chains And Ornaments Private Limited U28113DL2010PTC201648 Delhi, Delhi, India
Aanjaney Micro-Engi Private Limited U29199GJ2005PTC046856 Vadodara, Gujarat, India
Radashir Jewelry Company Private Limited U27205MH2006PTC161293 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Firefly Batteries before audits and certifications: compliance score 41/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Firefly Batteries: 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: Mixed indicators. Growth score 85/100, margin trends, ownership structure and peer set for Firefly Batteries - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 63/100, distress signals and MSME payment-delay disclosures - know whether Firefly Batteries pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Firefly Batteries - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Firefly Batteries an active company?

Firefly Batteries has MCA status “Active” with a compliance score of 41/100 (Caution Indicated).

Is Firefly Batteries financially healthy?

Firefly Batteries has a Financial Health Score of 45/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Firefly Batteries?

Its overall Trust Score is 63/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Firefly Batteries?

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

Does Firefly Batteries have loans or charges against its assets?

2 open charge(s) are registered against its assets.

Is Firefly Batteries up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 41/100 (Caution Indicated).

Is it risky to lend to Firefly Batteries?

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.