Flair Writing Industries Limited - Due diligence report

A 360° intelligence report on Flair: trust score, financial health, credit view, compliance, directors, growth and distress signals - genera…

2016-08-12 Mumbai, Maharashtra Active Listed Active Compliant
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FW Flair Writing Industries Limited
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Flair — 360° Intelligence Report

Generated from MCA filings & public records
88/100
Trust Score
Low Risk

Flair is assessed as Low Risk with a Trust Score of 88/100. Flair is an active public limited indian non-government company incorporated in 2016, operating in the Plastics sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Flair Writing Industries Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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 ScoreLow Risk
88/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
86/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Consolidated · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

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: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 6 open (122.75 cr) · 10 satisfied (466.15 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Citi Bank N.A.11 48.0 cr
Axis Bank Limited4 48.0 cr
Others1 48.0 cr
Compliance Score: 86/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 2 court forum(s).
  • 5 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
PUNIT SAXENA 01234567 Director 01/04/2018 6 yrs Approved
VIMALCHAND JUGRAJ RATHOD 01234567 Director 01/04/2018 6 yrs Approved
RAJESH KHUBILAL RATHOD 01234567 Director 01/04/2018 6 yrs Approved
MOHIT KHUBILAL RATHOD 01234567 Director 01/04/2018 6 yrs Approved
KHUBILAL JUGRAJ RATHOD 01234567 Director 01/04/2018 6 yrs Approved
SUMITKUMAR VIMALCHAND RATHOD 01234567 Director 01/04/2018 6 yrs Approved
ALPESH AMBALAL PORWAL 01234567 Director 01/04/2018 6 yrs Approved
MANOJ VINOD LALWANI 01234567 Director 01/04/2018 6 yrs Approved
SHEETAL BHANOT SHETTY 01234567 Director 01/04/2018 6 yrs Approved
RAJNEESH BHANDARI 01234567 Director 01/04/2018 6 yrs Approved
DEVEN BIPIN SHAH 01234567 Director 01/04/2018 6 yrs Approved
Alpesh Ambalal Porwal 01234567 Director 01/04/2018 6 yrs Approved
  • 12 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2025 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
2
Group entities
2
Capital events
4 allotment(s) · 0 transfer(s)

Promoters hold a minority stake - exact percentages are part of the full report.

Group entityRelationship% held
Flair Distributor Private Limited Subsidiary Company 74.00%
Flair Writing Equipments Private Limited Subsidiary Company 74.00%

Key managerial personnel: VIMALCHAND JUGRAJ RATHOD (Managing Director) · RAJESH KHUBILAL RATHOD (Whole-time director) · MOHIT KHUBILAL RATHOD (Whole-time director) · KHUBILAL JUGRAJ RATHOD (Whole-time director) · SUMITKUMAR VIMALCHAND RATHOD (Whole-time director) · ALPESH AMBALAL PORWAL (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 90 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 9 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 61% in a year.
6 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 diligence85/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment93/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 6 open charge(s) of 122.75 cr already registered.
  • Compliance record supports lending.
Investor view91/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
19 Aug 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
21 Aug 2024
Director ceased
DEVEN BIPIN SHAH
15 Jul 2024
Director appointed
Alpesh Ambalal Porwal (Cfo)
03 Jul 2024
Director appointed
ALPESH AMBALAL PORWAL (CFO)
27 May 2024
Director appointed
DEVEN BIPIN SHAH (Director)
26 Mar 2024
Charge satisfied
Citi Bank N.A.
25 Jun 2023
Director ceased
SHEETAL BHANOT SHETTY
28 Mar 2023
Director ceased
MANOJ VINOD LALWANI
24 Mar 2023
Director appointed
SHEETAL BHANOT SHETTY (Director)
21 Mar 2023
Charge created
Axis Bank Limited - 85.00 Lakh
Charge satisfied
Citi Bank N.A.
18 Mar 2023
Director appointed
PUNIT SAXENA (Director)
Director appointed
MANOJ VINOD LALWANI (Director)
14 Mar 2023
Charge created
Axis Bank Limited - 90.00 Lakh
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
12 active director(s) / partner(s); board looks stable and experienced.
5 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Capital has been raised through 4 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Rishifibc U25209GJ2007PTC049943 Vadodara, Gujarat, India
Tega L25199WB1976PLC030532 Kolkata, West Bengal, India
Polyhose U25209TN1996PTC034257 Chennai, Tamil Nadu, India
Polyhose India U25191TN2004PTC053900 Sriperumbudur, Tamil Nadu, India
Sanghicement L18209GJ1985PLC157787 Daskroi, Gujarat, India
Ester Industries L24111UR1985PLC015063 Na, Uttarakhand, India
Myhomegroup U02695TG2006PTC112441 Hyderabad, Telangana, India
Jindalpoly L17111UP1974PLC003979 Bulandshahr, Uttar Pradesh, India
12

Who Uses This Report

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

Verify Flair before audits and certifications: compliance score 86/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Flair: 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: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 90/100, margin trends, ownership structure and peer set for Flair - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 88/100, distress signals and MSME payment-delay disclosures - know whether Flair 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 Flair - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Flair an active company?

Flair has MCA status “Active” with a compliance score of 86/100 (Low Risk).

Is Flair financially healthy?

Flair has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Flair?

Its overall Trust Score is 88/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Flair?

Promoters hold a minority stake - exact percentages are in the full report. 12 active director(s) are on record.

Does Flair have loans or charges against its assets?

6 open charge(s) are registered against its assets, and 10 earlier charge(s) stand satisfied.

Is Flair up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 86/100 (Low Risk).

Is it risky to lend to Flair?

Its Credit Risk Score is 95/100 (Low Risk). Banker verdict: Favourable lending indicators.

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.