Future Garments (India) Private Limited - Due diligence report

A 360° intelligence report on Future Garments (India) Private Limited: trust score, financial health, credit view, compliance, directors, gr…

1998-09-16 Bhubaneswar, Orissa Active Unlisted Active Compliant
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Future Garments (India) Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
55/100
Trust Score
Moderate

Future Garments (India) Private Limited is assessed as Moderate with a Trust Score of 55/100. Future Garments (India) Private Limited is an active private limited indian non-government company incorporated in 1998, operating in the Home & Lifestyle sector. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and high financial risk profile.

Report generated on 13 Aug 2026 from the latest processed filings. Future Garments (India) Private Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Good
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
55/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
88/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
5/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
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: 40/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.

Charges position: 1 open (1.36 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Union Bank Of India1 48.0 cr
Compliance Score: 88/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
HARDIP SINGH PALAK 01234567 Director 01/04/2018 6 yrs Approved
BARUN KUMAR BARIK 01234567 Director 01/04/2018 6 yrs Approved
KULDIP SINGH PALAK 01234567 Director 01/04/2018 6 yrs Approved
Aman Singh Palak 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • HARDIP SINGH PALAK has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2022 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
3 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Future Garment Limited (uk) Associate Company 74.00%
Magnum Apparel Private Limited Associate Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 50 · Distress 40
Growth signals & trust indicators
Operating for 27+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Negative net worth.
1 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence64/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment42/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 1.36 cr already registered.
  • Compliance record supports lending.
Investor view36/100
Limited indicators at present
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 14 events
06 Oct 2025
Director appointed
Aman Singh Palak (Director)
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
27 Oct 2022
Securities allotted
751279 Equity Shares Without Differential Rights - 75.13 Lakh raised
09 May 2022
Director appointed
BARUN KUMAR BARIK (Director)
09 Feb 2019
Director ceased
NIRANJAN MOHANTY
27 Nov 2016
Director ceased
ANUJA MOHANTY
14 Dec 2010
Securities allotted
86700.00 Equity Shares - 43.35 Lakh raised
04 Nov 2010
Securities allotted
300000 Equity Shares Without Differential Rights - 30.00 Lakh raised
Director ceased
BIDYUT KUMAR MOHANTY
29 Oct 2010
Director appointed
KULDIP SINGH PALAK (Director)
16 Sep 2003
Charge created
Union Bank Of India - 1.36 cr
16 Sep 1998
Incorporated
Registered with Roc Cuttack
Director appointed
HARDIP SINGH PALAK (Director)
10

Key Observations

Auto-generated from the data above
Compliance record is strong - status, filings and flags are clean.
4 active director(s) / partner(s); review board churn before relying on management continuity.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2022 annual return.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Bhoruka Textiles Limited U85110KA1991PLC011661 Dharwad, Karnataka, India
Centex Exports U17117PB1993PTC013564 Ludhiana, Punjab, India
Priyadarshini Ginning Mills Limited U17111AP1983PLC004300 Edlapadu Mandal, Andhra Pradesh, India
Flora Processors Private Limited U17121HR1995PTC032678 Panipat, Haryana, India
Denier Textiles Pvt. Ltd. U17119GJ1991PTC016039 Surat, Gujarat, India
Ellvee Silk Mills Private Limited U17100MH1988PTC046587 Bhiwandi, Maharashtra, India
J B Spintex Private Limited U18101DL2005PTC139223 New Delhi, Delhi, India
Noble Brothers Impex Limited U51909DL1993PLC052741 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Future Garments (India) Private Limited before audits and certifications: compliance score 88/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Future Garments (India) 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 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 50/100, margin trends, ownership structure and peer set for Future Garments (India) Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 55/100, distress signals and MSME payment-delay disclosures - know whether Future Garments (India) 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 Future Garments (India) Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Future Garments (India) Private Limited an active company?

Future Garments (India) Private Limited has MCA status “Active” with a compliance score of 88/100 (Low Risk).

Is Future Garments (India) Private Limited financially healthy?

Future Garments (India) Private Limited has a Financial Health Score of 5/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Future Garments (India) Private Limited?

Its overall Trust Score is 55/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Future Garments (India) Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 4 active director(s) are on record.

Does Future Garments (India) Private Limited have loans or charges against its assets?

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

Is Future Garments (India) Private Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 88/100 (Low Risk).

Is it risky to lend to Future Garments (India) Private Limited?

Its Credit Risk Score is 40/100 (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.