Furnace Engineering Projects Private Limited - Due diligence report

A 360° intelligence report on Furnace Engineering Projects Private Limited: trust score, financial health, credit view, compliance, director…

2018-05-14 Gurgaon, Haryana Active Unlisted
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FE Furnace Engineering Projects Private Limited
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Furnace Engineering Projects Private Limited — 360° Intelligence Report

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

Furnace Engineering Projects Private Limited is assessed as Moderate with a Trust Score of 74/100. Furnace Engineering Projects Private Limited is an active private limited foreign company incorporated in india incorporated in 2018, operating in the Engineering sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Furnace Engineering Projects Private Limited snapshot & full profile →

Financial Health › Good
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 ScoreModerate
74/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
60/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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: 50/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Elevated gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 40/100
NameDIN / PANDesignationAppointedTenureDIN status
RHUSHIKESH CHANDRAKANT SAVYANAVAR 01234567 Director 01/04/2018 6 yrs Approved
TOSHIAKI SAIKA 01234567 Director 01/04/2018 6 yrs Approved
Akira Ogasawara 01234567 Director 01/04/2018 6 yrs Approved
Nitin Natvarlal Limbachiya 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • RHUSHIKESH CHANDRAKANT SAVYANAVAR has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 1 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2021)
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
Furnace Engineering Inc.
Subsidiaries
-
Group entities
-
Capital events
-

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

Group entityRelationship% held
Furnace Engineering Inc. Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 50 · Distress 75
Growth signals & trust indicators
Operating for 8 years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
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 assessment66/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view60/100
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 churn warrants questions.
09

MCA Filings & Events Timeline

Latest 12 events
23 Sep 2025
Director ceased
Akira Ogasawara
22 Sep 2025
Director appointed
Nitin Natvarlal Limbachiya (Additional Director)
12 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
28 Feb 2025
Director appointed
Akira Ogasawara (Additional Director)
30 Nov 2021
Director ceased
TOSHIAKI SAIKA
08 Oct 2021
Director ceased
SUCHI AGARWAL
07 Oct 2021
Director appointed
TOSHIAKI SAIKA (Director)
15 Sep 2020
Director ceased
RHUSHIKESH CHANDRAKANT SAVYANAVAR
01 Jul 2020
Director ceased
MAKOTO SAKAKURA
05 Mar 2020
Director appointed
RHUSHIKESH CHANDRAKANT SAVYANAVAR (Director)
14 May 2018
Incorporated
Registered with Roc Delhi
10

Key Observations

Auto-generated from the data above
Debt-to-equity stands at 2.1x - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
4 active director(s) / partner(s); review board churn before relying on management continuity.
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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Allied Autotech (International) U34300DL2005PTC139235 New Delhi, Delhi, India
Cosmo Metcab Private Limited U31300GJ2010PTC063147 Surat, Gujarat, India
Prakash Projects Private Limited. U40101DL2000PTC106389 Delhi, Delhi, India
Esco Steamcon Private Limited U45209GJ1989PTC012516 Ahmedabad, Gujarat, India
Reco Safety And Automation Private Limited U31900TZ2012PTC018014 Coimbatore, Tamil Nadu, India
Protech Air Systems Private Limited U31900GJ2018PTC103182 Ahmadabad City, Gujarat, India
Tekfrens Engineers Pvt Ltd U28920MH1984PTC032778 Mumbai, Maharashtra, India
Visionpark Machineries Private Limited U29309MP2019PTC049891 Indore, Madhya Pradesh, India
12

Who Uses This Report

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

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

Company Secretaries (CS)

Track statutory health of Furnace Engineering Projects 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: Mixed indicators - deeper appraisal suggested. Credit risk score 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 50/100, margin trends, ownership structure and peer set for Furnace Engineering Projects Private 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 Furnace Engineering Projects Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Furnace Engineering Projects Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Furnace Engineering Projects Private Limited an active company?

Furnace Engineering Projects Private Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Furnace Engineering Projects Private Limited financially healthy?

Furnace Engineering Projects Private Limited has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.

Should I do business with Furnace Engineering Projects Private 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 Furnace Engineering Projects Private Limited?

The ultimate holding entity is Furnace Engineering Inc.. 4 active director(s) are on record.

Does Furnace Engineering Projects Private Limited have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Furnace Engineering Projects Private Limited up to date with its ROC filings?

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

Is it risky to lend to Furnace Engineering Projects Private Limited?

Its Credit Risk Score is 50/100 (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.