Forace Polymers Private Limited - Due diligence report

A 360° intelligence report on Forace Polymers: trust score, financial health, credit view, compliance, directors, growth and distress signal…

1980-12-27 Uttarakhand, Uttarakhand Active Unlisted Active Compliant
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FP Forace Polymers Private Limited
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Forace Polymers — 360° Intelligence Report

Generated from MCA filings & public records
76/100
Trust Score
Low Risk

Forace Polymers is assessed as Low Risk with a Trust Score of 76/100. Forace Polymers is an active private limited indian non-government company incorporated in 1980, operating in the Manufacturing 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 low financial risk profile.

Report generated on 11 Aug 2026 from the latest processed filings. Forace Polymers Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
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 ScoreLow Risk
76/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
62/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
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: 65/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Moderate gearing (D/E 1.42).
  • Profitable - internal accruals available.
  • Externally credit-rated (A2).

Charges position: 21 open (125.10 cr) · 50 satisfied (505.75 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others18 48.0 cr
Hdfc Bank Limited22 48.0 cr
Punjab National Bank21 48.0 cr
Axis Bank Limited1 48.0 cr
State Bank Of India1 48.0 cr
3I Infotech Trusteeship Services Limited2 48.0 cr
Compliance Score: 62/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 3 court forum(s).
  • 2 auditor resignation(s) filed - latest: SSS & Associates on 2019-08-18.
  • Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
Legal cases on record (3)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SAKSHAM GARG 01234567 Director 01/04/2018 6 yrs Approved
NEHA AHUJA 01234567 Director 01/04/2018 6 yrs Approved
VIKAS GARG 01234567 Director 01/04/2018 6 yrs Approved
DIPAK KUMAR GHOSH 01234567 Director 01/04/2018 6 yrs Approved
SONIA GARG 01234567 Director 01/04/2018 6 yrs Approved
SURESH CHANDRA GUPTA 01234567 Director 01/04/2018 6 yrs Approved
  • 6 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 2024)
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 2024 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 dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Fp Specialty (pty) Ltd Subsidiary Company 74.00%

Key managerial personnel: VIKAS GARG (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 65
Growth signals & trust indicators
Operating for 45+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
21 open charge(s) registered - assets are encumbered.
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 1.91 Lakh.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence67/100
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 assessment67/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 21 open charge(s) of 125.10 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view61/100
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
30 Sep 2025
Last AGM held
Annual general meeting
03 Jul 2025
Charge satisfied
State Bank Of India
02 Jul 2025
Charge satisfied
Others
26 May 2025
Charge satisfied
Axis Bank Limited
24 May 2025
Charge created
Hdfc Bank Limited - 39.80 Lakh
20 May 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
23 Dec 2024
Charge created
Hdfc Bank Limited - 93.60 Lakh
06 Nov 2024
Charge satisfied
Others
27 Sep 2024
Charge created
Hdfc Bank Limited - 46.10 Lakh
01 Aug 2024
Charge satisfied
Hdfc Bank Limited
01 Dec 2023
Charge satisfied
Sidbi
30 Oct 2023
Charge created
Hdfc Bank Limited - 31.80 Lakh
15 Sep 2023
Charge satisfied
Others
08 Sep 2023
Charge created
Hdfc Bank Limited - 8.99 Lakh
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
6 active director(s) / partner(s); board looks stable and experienced.
Carries an external credit rating of A2 from Brickwork.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2024 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.
2 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Boss U24242TN2011PTC078744 Chennai City Corporation, Tamil Nadu, India
R K Synthesis Limited U24100GJ2015PLC083906 Ahmedabad, Gujarat, India
Windson Chemical Private Limited U24100GJ2008PTC052851 Chikhli, Gujarat, India
Norton Chemicals & Specialties Private Limited U24290MH2019PTC333158 Goregaon East, Maharashtra, India
Loba Chemie Private Limited U24100MH1991PTC060977 Mumbai, Maharashtra, India
Medicamen L74899DL1993PLC056594 New Delhi, Delhi, India
Unilex Colours And Chemicals Limited L74999MH2001PLC131352 Mumbai, Maharashtra, India
Evonik Specialty Silica India Private Limited U24110GJ1992PTC158524 Jhagadia, Gujarat, India
12

Who Uses This Report

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

Verify Forace Polymers before audits and certifications: compliance score 62/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Forace Polymers: 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 65/100, 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 Forace Polymers - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 76/100, distress signals and MSME payment-delay disclosures - know whether Forace Polymers pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Forace Polymers - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Forace Polymers an active company?

Forace Polymers has MCA status “Active” with a compliance score of 62/100 (Moderate).

Is Forace Polymers financially healthy?

Forace Polymers has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Forace Polymers?

Its overall Trust Score is 76/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Forace Polymers?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 6 active director(s) are on record.

Does Forace Polymers have loans or charges against its assets?

21 open charge(s) are registered against its assets, and 50 earlier charge(s) stand satisfied.

Is Forace Polymers up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 62/100 (Moderate).

Is it risky to lend to Forace Polymers?

Its Credit Risk Score is 65/100 (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.