Fourmax Limited - Due diligence report

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

2016-12-08 Pune, Maharashtra Active Unlisted Active Compliant
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Fourmax Limited — 360° Intelligence Report

Generated from MCA filings & public records
74/100
Trust Score
Moderate

Fourmax Limited is assessed as Moderate with a Trust Score of 74/100. Fourmax Limited is an active public limited indian non-government company incorporated in 2016, operating in the Manufacturing 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 moderate compliance risk and low financial risk profile.

Report generated on 07 Oct 2026 from the latest processed filings. Fourmax 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 ScoreModerate
74/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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.

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: 45/100 Caution Indicated
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 38%).
  • Profitable - internal accruals available.

Charges position: 5 open (6.18 cr) · 6 satisfied (4.80 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others10 48.0 cr
Hdfc Bank Limited1 48.0 cr
Compliance Score: 68/100 Moderate
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2024 - filings overdue.
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
DEBOAS KARTIC RIT 01234567 Director 01/04/2018 6 yrs Approved
KRISHNADEV BALASO SALUNKHE 01234567 Director 01/04/2018 6 yrs Approved
PALLAVI KRISHNADEV SALUNKHE 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • 3 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2022)
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
-
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 2 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 95 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Operating for 9 years.
Active GST registration(s).
Distress signals & risk flags
3 director exits within 2 years.
Statutory filings appear overdue.
5 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence70/100
Favourable indicators
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 assessment60/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 5 open charge(s) of 6.18 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view83/100
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
25 Nov 2025
Charge created
Others - 1.00 cr
07 Oct 2025
Director appointed
DEBOAS KARTIC RIT (Additional Director)
Director appointed
PALLAVI KRISHNADEV SALUNKHE (Additional Director)
Director ceased
SHILACHANDRA RAJARAM HAJGUDE
Director ceased
ADINATH NIVRUTI GORE
Director ceased
SWATI SHILCHANDRA HAJGUDE
24 Feb 2025
Charge created
Others - 1.65 cr
30 Oct 2024
Charge created
Others - 60.00 Lakh
30 Sep 2024
Last AGM held
Annual general meeting
16 Apr 2024
Charge satisfied
Hdfc Bank Limited
31 Mar 2024
Latest balance sheet
Filed with ROC
29 Feb 2024
Charge created
Others - 2.69 cr
Charge created
Others - 24.20 Lakh
20 Jul 2023
Charge created
Hdfc Bank Limited - 1.38 cr
15 Jul 2023
Charge satisfied
Others
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - 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.
Promoters hold a dominant controlling stake 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
UNIQUEBUNCH HOSPITALITIESS LLP ACB-9072 Pune, Maharashtra
PRIMEPLUS ANAESTHESIA SERVICES LLP ACC-9505 Pune, Maharashtra
Paras Alloys & Autocast Private Limited U27320PN2013PTC146000 Pune, Maharashtra
Vardhans India Facilities Private Limited U93000PN2013PTC145965 Pune, Maharashtra
X Motors Private Limited U34100PN2022PTC208395 Pune, Maharashtra
KEYS GROUP SURYA INFRACON LLP AAY-0705 Pune, Maharashtra
Oxfame Technologies Private Limited U72900PN2014PTC152404 Pune, Maharashtra
Sunphoton Energy Private Limited U40100PN2016PTC164890 Pune, Maharashtra
PVS LOGISTICS LLP AAJ-1776 Pune, Maharashtra
Tsa System Solutions Private Limited U72900PN2020PTC197242 Pune, Maharashtra
12

Who Uses This Report

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

Verify Fourmax Limited before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Fourmax 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Fourmax Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 74/100, distress signals and MSME payment-delay disclosures - know whether Fourmax 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 Fourmax Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Fourmax Limited an active company?

Fourmax Limited has MCA status “Active” with a compliance score of 68/100 (Moderate).

Is Fourmax Limited financially healthy?

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

Should I do business with Fourmax Limited?

Its overall Trust Score is 74/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Fourmax Limited?

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

Does Fourmax Limited have loans or charges against its assets?

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

Is Fourmax Limited up to date with its ROC filings?

Last balance sheet is for Mar 2024 - filings overdue. Overall compliance score: 68/100 (Moderate).

Is it risky to lend to Fourmax Limited?

Its Credit Risk Score is 45/100 (Caution Indicated). 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.