Goa Forest Development Corporation Limited - Due diligence report

A 360° intelligence report on Goa Forest Development Corporation Limited: trust score, financial health, credit view, compliance, directors,…

1997-04-14 Panaji, Goa Active Unlisted Active Non-Compliant
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Goa Forest Development Corporation Limited — 360° Intelligence Report

Generated from MCA filings & public records
65/100
Trust Score
Moderate

Goa Forest Development Corporation Limited is assessed as Moderate with a Trust Score of 65/100. Goa Forest Development Corporation Limited is an active public limited state government company incorporated in 1997, operating in the Agriculture 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. Goa Forest Development Corporation Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Caution

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
65/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
18/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
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: 60/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

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

Compliance Score: 18/100 Caution Indicated
  • Company status is Active as per MCA.
  • Marked ACTIVE non-compliant (INC-22A).
  • Last balance sheet is for Mar 2021 - filings overdue.
  • Flagged by authority: EPFO.
  • Litigation present in 1 court forum(s).
  • 2 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 75/100
NameDIN / PANDesignationAppointedTenureDIN status
DEVIYA VISHWAJIT RANE 01234567 Director 01/04/2018 6 yrs Approved
Nandakumar Eknath Parab 01234567 Director 01/04/2018 6 yrs Approved
VUYYURU SANTOSH KUMAR REDDY 01234567 Director 01/04/2018 6 yrs Approved
Kamal Datta 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • No disqualified or deactivated DINs.
  • 4 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2018)
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 2021 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.

Key managerial personnel: Nandakumar Eknath Parab (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 70
Growth signals & trust indicators
Operating for 29+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
3 director exits within 2 years.
Statutory filings appear overdue.
Compliance score is weak (18/100).
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence48/100
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 assessment58/100
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 view64/100
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 team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
28 Aug 2024
Director appointed
VUYYURU SANTOSH KUMAR REDDY (Nominee Director)
Director appointed
Kamal Datta (Nominee Director)
Director ceased
SUBHASH CHANDRA
Director ceased
RAJIV KUMAR GUPTA
Director ceased
ANIL A SHETGAONKAR
14 Feb 2024
Director appointed
Nandakumar Eknath Parab (Managing Director)
Director ceased
SAURABH KUMAR
11 Jan 2023
Director ceased
SANTOSH KUMAR
22 Apr 2022
Director appointed
DEVIYA VISHWAJIT RANE (Nominee Director)
24 Jan 2022
Director ceased
ISIDORE ALEIXINHO FERNANDES
24 Sep 2021
Last AGM held
Annual general meeting
31 Mar 2021
Latest balance sheet
Filed with ROC
30 Aug 2019
Director ceased
RAJENDRA BABLO PRABHU DESSAI
Director ceased
GANPAT DHARMV NAIK
Director ceased
GOVIND GOPI NAIK
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Net worth is positive.
4 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2021 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
Agrigain India Private Limited U01110MH2019PTC322324 Amravati, Maharashtra, India
Nellore Agro Estates Private Limited U01119TG2010PTC071540 Hyderabad, Telangana, India
Vasupujya Tradelink Private Limited U52100GJ2015PTC084641 Ahmedabad, Gujarat, India
Ambienceisland U74899DL1988PTC031480 New Delhi, Delhi, India
Ati U02005WB1959PLC024274 Kolkata, West Bengal, India
Bihar Forestry Development Corporation Limited U02005BR2013SGC021309 Patna, Bihar, India
Sure Kalna Himghar Pvt Ltd U63022WB1995PTC072265 Kolkata, West Bengal, India
Madhya Pradesh Rajya Van Vikas Nigam Limited U02001MP1975SGC001341 Huzur, Madhya Pradesh, India
12

Who Uses This Report

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

Verify Goa Forest Development Corporation Limited before audits and certifications: compliance score 18/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Goa Forest Development Corporation 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 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Goa Forest Development Corporation Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 65/100, distress signals and MSME payment-delay disclosures - know whether Goa Forest Development Corporation 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 Goa Forest Development Corporation Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Goa Forest Development Corporation Limited an active company?

Goa Forest Development Corporation Limited has MCA status “Active” with a compliance score of 18/100 (Caution Indicated).

Is Goa Forest Development Corporation Limited financially healthy?

Goa Forest Development Corporation Limited has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Goa Forest Development Corporation Limited?

Its overall Trust Score is 65/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Goa Forest Development Corporation Limited?

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

Does Goa Forest Development Corporation Limited have loans or charges against its assets?

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

Is Goa Forest Development Corporation Limited up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 18/100 (Caution Indicated).

Is it risky to lend to Goa Forest Development Corporation Limited?

Its Credit Risk Score is 60/100 (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.