Garware Goa Nets Limited - Due diligence report

A 360° intelligence report on Garware Goa Nets Limited: trust score, financial health, credit view, compliance, directors, growth and distre…

1972-02-10 Mumbai, Maharashtra Active Unlisted Active Compliant
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Garware Goa Nets Limited — 360° Intelligence Report

Generated from MCA filings & public records
62/100
Trust Score
Moderate

Garware Goa Nets Limited is assessed as Moderate with a Trust Score of 62/100. Garware Goa Nets Limited is an active public limited indian non-government company incorporated in 1972, operating in the Trading sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and high financial risk profile.

Report generated on 09 Jul 2026 from the latest processed filings. Garware Goa Nets 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
62/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
70/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
10/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
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.

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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: 4 open (50.17 Lakh) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
The Goa State Co-Op. Bank Ltd.1 48.0 cr
New Bank Of India1 48.0 cr
The United Western Bank Ltd.1 48.0 cr
Maharashtra State Financial Corporation1 48.0 cr
Compliance Score: 70/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: EPFO.
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
ADITYA ASHOK GARWARE 01234567 Director 01/04/2018 6 yrs Approved
PRADIP SHANTILAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
SHYAMSUNDER VASUDEV ATRE 01234567 Director 01/04/2018 6 yrs Approved
NARENDRA SHANTARAM SURVE 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2018 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
-

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 45 · Distress 70
Growth signals & trust indicators
Asset base grew 38% - capacity expansion.
Operating for 54+ years.
Distress signals & risk flags
Negative net worth.
4 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence68/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment38/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 4 open charge(s) of 50.17 Lakh already registered.
  • Compliance record supports lending.
Investor view37/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 14 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
14 Apr 2012
Director ceased
MANEESHA SHATUL SHAH
29 Dec 2010
Director ceased
SHYAMSUNDER VASUDEV ATRE
14 Aug 2010
Director appointed
SHYAMSUNDER VASUDEV ATRE (Director)
02 Dec 2009
Director ceased
CHITTUR VISHWANATH RAMACHANDRAN
30 Dec 2006
Director appointed
NARENDRA SHANTARAM SURVE (Director)
20 Jun 2001
Director appointed
PRADIP SHANTILAL SHAH (Director)
30 Jun 1993
Director appointed
ADITYA ASHOK GARWARE (Director)
11 May 1993
Charge created
The Goa State Co-Op. Bank Ltd. - 35.00 Lakh
30 Sep 1985
Charge created
New Bank Of India - 9.00 Lakh
28 Aug 1985
Charge created
The United Western Bank Ltd. - 4.86 Lakh
20 Jun 1973
Charge created
Maharashtra State Financial Corporation - 1.31 Lakh
10 Feb 1972
Incorporated
Registered with Roc Mumbai I
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 4 financial year(s).
4 active director(s) / partner(s); board looks stable and experienced.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2018 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Crystal Tradecom Limited U51109MH2011PLC224111 Mumbai, Maharashtra, India
Alliance Commodeal Private Limited U51909WB2009PTC132788 Kolkata, West Bengal, India
Bhargava Paper & Packaging Pvt. Ltd. U25202WB1992PTC054726 Kolkata, West Bengal, India
Visamaksh Tradelinks Limited U51909WB2013PLC194529 Kolkata, West Bengal, India
Baisakhi Marketing Private Limited U51900MH2008PTC271028 Mumbai, Maharashtra, India
Sunil Forex And Ornaments Private Limited U67200MH2017PTC294060 Mumbai, Maharashtra, India
Aquarius Overseas Private Limited U74999DL1999PTC100914 Delhi, Delhi, India
Punjab Filters Limited U23201CH1997PLC020244 U T, Chandigarh, India
12

Who Uses This Report

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

Verify Garware Goa Nets Limited before audits and certifications: compliance score 70/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Garware Goa Nets 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 45/100, margin trends, ownership structure and peer set for Garware Goa Nets Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 62/100, distress signals and MSME payment-delay disclosures - know whether Garware Goa Nets 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 Garware Goa Nets Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Garware Goa Nets Limited an active company?

Garware Goa Nets Limited has MCA status “Active” with a compliance score of 70/100 (Moderate).

Is Garware Goa Nets Limited financially healthy?

Garware Goa Nets Limited has a Financial Health Score of 10/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Garware Goa Nets Limited?

Its overall Trust Score is 62/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Garware Goa Nets Limited?

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

Does Garware Goa Nets Limited have loans or charges against its assets?

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

Is Garware Goa Nets Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 70/100 (Moderate).

Is it risky to lend to Garware Goa Nets 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.