Giriraj Iron Limited - Due diligence report

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

2011-04-26 Ahmedabad, Gujarat Converted To Llp Unlisted Active Compliant
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Giriraj Iron Limited — 360° Intelligence Report

Generated from MCA filings & public records
69/100
Trust Score
Moderate

Giriraj Iron Limited is assessed as Moderate with a Trust Score of 69/100. Giriraj Iron Limited is a public limited indian non-government company incorporated in 2011, operating in the Metals and Minerals 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 high compliance risk and low financial risk profile.

Report generated on 09 Aug 2026 from the latest processed filings. Giriraj Iron Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Weak

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
69/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
43/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
75/100
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
50/100
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: 75/100 Low Risk
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (BB).

Charges position: 0 open (-) · 2 satisfied (47.94 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Yes Bank Limited1 48.0 cr
Tata Capital Financial Services Limited1 48.0 cr
Compliance Score: 43/100 Caution Indicated
  • Company status is "Converted To Llp" - not Active.
  • Balance sheet slightly behind (Mar 2024).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
NAVEEN KUMAR MANDOVARA 01234567 Director 01/04/2018 6 yrs Approved
BHADRESH VADILAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
SHAILESH VADILAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
TRUPTI BHADRESH SHAH 01234567 Director 01/04/2018 6 yrs Approved
UTKARSH SHAILESHBHAI SHAH 01234567 Director 01/04/2018 6 yrs Approved
DIPAK SHANTILAL JAGETIYA 01234567 Director 01/04/2018 6 yrs Approved
MAITRAY SHAILESH SHAH 01234567 Director 01/04/2018 6 yrs Approved
  • 7 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 2023)
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
-

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 50
Growth signals & trust indicators
Net margin improved to 1.42.
Operating for 15+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Revenue declined year-on-year.
Adverse company status: Converted To Llp.
Compliance score is weak (43/100).
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence53/100
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 assessment68/100
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 gaps should be priced into terms.
Investor view63/100
Mixed indicators
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 15 events
30 Aug 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
15 Dec 2023
Charge satisfied
Yes Bank Limited
10 Sep 2022
Director ceased
NAVEEN KUMAR MANDOVARA
Director ceased
TRUPTI BHADRESH SHAH
Director ceased
DIPAK SHANTILAL JAGETIYA
30 Mar 2022
Director appointed
NAVEEN KUMAR MANDOVARA (Director)
Director appointed
TRUPTI BHADRESH SHAH (Director)
Director appointed
DIPAK SHANTILAL JAGETIYA (Director)
13 Feb 2020
Charge satisfied
Tata Capital Financial Services Limited
08 Feb 2017
Charge created
Tata Capital Financial Services Limited - 10.00 cr
26 Apr 2011
Incorporated
Registered with Roc Ahmedabad
Director appointed
BHADRESH VADILAL SHAH (Director)
Director appointed
SHAILESH VADILAL SHAH (Director)
Director appointed
UTKARSH SHAILESHBHAI SHAH (Director)
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.
7 active director(s) / partner(s); board looks stable and experienced.
All 2 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of BB from Brickwork.
EPFO-registered employer - verifiable payroll history exists.
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
Bjsn Agro Impex Private Limited U51909DL2013PTC250102 Delhi, Delhi, India
Swapnalok Distribution Hub Private Limited U51109MH2008PTC184551 Nanded, Maharashtra, India
Makita Power Tools India Private Limited U31909KA2008FTC046090 Bangalore, Karnataka, India
Viraj Procon Private Limited U45202GJ2012PTC071257 Rajkot, Gujarat, India
Mahak Diam Private Limited U51900GJ2011PTC078818 Surat, Gujarat, India
Bimal Papers Private Limited U74899DL1995PTC072931 Delhi, Delhi, India
Eastman Hand Tools U27109DL1986PLC024925 New Delhi, Delhi, India
Slrl Agencies Private Limited U51109WB1999PTC089079 Siliguri, West Bengal, India
12

Who Uses This Report

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

Verify Giriraj Iron Limited before audits and certifications: compliance score 43/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Giriraj Iron 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 75/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 45/100, margin trends, ownership structure and peer set for Giriraj Iron Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 69/100, distress signals and MSME payment-delay disclosures - know whether Giriraj Iron 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 Giriraj Iron Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Giriraj Iron Limited an active company?

Giriraj Iron Limited has MCA status “Converted To Llp” with a compliance score of 43/100 (Caution Indicated).

Is Giriraj Iron Limited financially healthy?

Giriraj Iron Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Giriraj Iron Limited?

Its overall Trust Score is 69/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Giriraj Iron Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 7 active director(s) are on record.

Does Giriraj Iron Limited have loans or charges against its assets?

No open charges - all 2 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Giriraj Iron Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 43/100 (Caution Indicated).

Is it risky to lend to Giriraj Iron Limited?

Its Credit Risk Score is 75/100 (Low Risk). 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.