First Source Merchandise Private Limited - Due diligence report

A 360° intelligence report on First Source Merchandise Private Limited: trust score, financial health, credit view, compliance, directors, g…

2012-08-29 Mumbai, Maharashtra Active Unlisted Active Compliant
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First Source Merchandise Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
60/100
Trust Score
Moderate

First Source Merchandise Private Limited is assessed as Moderate with a Trust Score of 60/100. First Source Merchandise Private Limited is an active private limited indian non-government company incorporated in 2012, operating in the Fashion and Textile 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 moderate compliance risk and high financial risk profile.

Report generated on 10 Jul 2026 from the latest processed filings. First Source Merchandise Private Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Good

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
60/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
61/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
25/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
20/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
50/100
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: 20/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).

Charges position: 2 open (1.30 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Bank Of Maharashtra2 48.0 cr
Compliance Score: 61/100 Moderate
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2018 - filings overdue.
  • Litigation present in 2 court forum(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
KRISHNA KUMAR NAIR 01234567 Director 01/04/2018 6 yrs Approved
PRASHANT PREMNARAYAN TRIVEDI 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 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 2018 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 majority stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 70 · Distress 50
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Operating for 13+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Statutory filings appear overdue.
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 diligence57/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment32/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 1.30 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view52/100
Mixed indicators
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
27 Apr 2022
Director ceased
KRISHNA KUMAR NAIR
31 Aug 2021
Director ceased
AMIT TRIVEDI
Director ceased
MAMTA TRIVEDI
29 Sep 2018
Last AGM held
Annual general meeting
31 Mar 2018
Latest balance sheet
Filed with ROC
16 Oct 2015
Securities allotted
330000 Equity Shares Without Differential Rights - 33.00 Lakh raised
02 Jun 2015
Charge created
Bank Of Maharashtra - 50.00 Lakh
10 Oct 2014
Securities allotted
330000 Equity Shares Without Differential Rights - 33.00 Lakh raised
21 Feb 2014
Director ceased
RIYAZ EQBAL AHMED GANJI
Director ceased
NISHANT MAHIMTURA MITRASEN
14 Sep 2013
Charge created
Bank Of Maharashtra - 80.00 Lakh
18 Jul 2013
Director appointed
KRISHNA KUMAR NAIR (Director)
03 Apr 2013
Securities allotted
490000 Equity Shares Without Differential Rights - 49.00 Lakh raised
30 Mar 2013
Securities allotted
490000 Equity Shares Without Differential Rights - 49.00 Lakh raised
29 Aug 2012
Incorporated
Registered with Roc Mumbai I
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.
2 active director(s) / partner(s); board looks stable and experienced.
Promoters hold a majority stake as per the FY 2018 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 4 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Arora Electrovision Private Limited U51395MH2004PTC144973 Mumbai, Maharashtra, India
Innotech Packaging U74950OR2011PTC014292 Bhubaneswar, Orissa, India
Abhishek Motors Private Limited U50101AS1998PTC005554 Assam, Assam, India
Grey Parrot Integrated Private Limited U74999MH2015PTC268151 Bhakti Park Wadal East Mumbai, Maharashtra, India
Noorsons International Private Limited U51398MH2005PTC150828 Mumbai, Maharashtra, India
Car & Care Auto Services Private Limited U50402KA2015PTC078662 Bangalore, Karnataka, India
Redwood Infra Projects Private Limited U74110WB2014PTC200981 Kolkata, West Bengal, India
Shilpi Sharanya Apparel & Home Linen Private Limited U18101TN1998PTC040226 Chennai 18, Tamil Nadu, India
12

Who Uses This Report

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

Verify First Source Merchandise Private Limited before audits and certifications: compliance score 61/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of First Source Merchandise 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 20/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 70/100, margin trends, ownership structure and peer set for First Source Merchandise Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 60/100, distress signals and MSME payment-delay disclosures - know whether First Source Merchandise Private Limited 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 First Source Merchandise Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is First Source Merchandise Private Limited an active company?

First Source Merchandise Private Limited has MCA status “Active” with a compliance score of 61/100 (Moderate).

Is First Source Merchandise Private Limited financially healthy?

First Source Merchandise Private Limited has a Financial Health Score of 25/100 (Caution Indicated) based on its filed financial statements.

Should I do business with First Source Merchandise Private Limited?

Its overall Trust Score is 60/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls First Source Merchandise Private Limited?

Promoters hold a majority stake - exact percentages are in the full report. 2 active director(s) are on record.

Does First Source Merchandise Private Limited have loans or charges against its assets?

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

Is First Source Merchandise Private Limited up to date with its ROC filings?

Last balance sheet is for Mar 2018 - filings overdue. Overall compliance score: 61/100 (Moderate).

Is it risky to lend to First Source Merchandise Private Limited?

Its Credit Risk Score is 20/100 (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.