Goodcore Spintex Limited - Due diligence report

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

2020-10-21 Ahmedabad, Gujarat Active Unlisted
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GS Goodcore Spintex Limited
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Goodcore Spintex Limited — 360° Intelligence Report

Generated from MCA filings & public records
83/100
Trust Score
Low Risk

Goodcore Spintex Limited is assessed as Low Risk with a Trust Score of 83/100. Goodcore Spintex Limited is an active public limited indian non-government company incorporated in 2020, operating in the Manufacturing sector. The company has shown revenue growth across its recent filed years. 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 25 Jul 2026 from the latest processed filings. Goodcore Spintex 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 ScoreLow Risk
83/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
92/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 3 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: 35/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Profitable - internal accruals available.
  • Externally credit-rated (A2).

Charges position: 1 open (114.50 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Indian Bank1 48.0 cr
Compliance Score: 92/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
AMIT YAMUNADUTT AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
YAMUNADUTT AMILAL AGRAWAL 01234567 Director 01/04/2018 6 yrs Approved
Moti Punamchand Dabhi 01234567 Director 01/04/2018 6 yrs Approved
Tanvi Bharatbhai Solanki 01234567 Director 01/04/2018 6 yrs Approved
Dharmil Balashankar Raval 01234567 Director 01/04/2018 6 yrs Approved
Neha Kanwar Bhati 01234567 Director 01/04/2018 6 yrs Approved
Krunal Jitendrakumar Dabhi 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.
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 2025 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
Jindal Worldwide Limited
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Jindal Worldwide Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 2 year(s).
Asset base grew 24% - capacity expansion.
Net margin improved to 0.86.
Operating for 5 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 61% in a year.
1 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 10,325.00.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence86/100
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 assessment58/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 114.50 cr already registered.
  • Compliance record supports lending.
Investor view76/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 13 events
31 Jan 2026
Director appointed
Tanvi Bharatbhai Solanki (Director)
Director appointed
Dharmil Balashankar Raval (Director)
31 Dec 2025
Director appointed
Neha Kanwar Bhati (Company Secretary)
Director appointed
Krunal Jitendrakumar Dabhi (Cfo)
11 Dec 2025
Director appointed
Moti Punamchand Dabhi (Director)
12 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
03 May 2022
Securities allotted
9740000 Equity Shares - 9.74 cr raised
13 Jan 2022
Charge created
Indian Bank - 114.50 cr
24 Dec 2021
Securities allotted
250000 Equity Shares - 25.00 Lakh raised
21 Oct 2020
Incorporated
Registered with Roc Ahmedabad
Director appointed
AMIT YAMUNADUTT AGARWAL (Director)
Director appointed
YAMUNADUTT AMILAL AGRAWAL (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 2 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
7 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A2 from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Bombay Engineering And Moulding Works Private Limited U28994UP2017PTC099775 Agra, Uttar Pradesh, India
Lahoty Brothers Private Limited U25209WB1943PTC011211 Kolkata, West Bengal, India
Shyam Lal Goyal Textiles Pvt Ltd U52322DL1999PTC100801 New Delhi, Delhi, India
Woodward U74899HR1993PTC091349 Gurugram, Haryana, India
Mpc Pharma U51102TN2011PTC078857 Chennai, Tamil Nadu, India
Sargam Ventures Private Limited U51109AS2009PTC008920 Guwahati, Assam, India
Toray International India Private Limited U74999MH2011FTC214592 Mumbai, Maharashtra, India
Chethana Pharma Private Limited U51909KA2019PTC123150 Davangere, Karnataka, India
12

Who Uses This Report

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

Verify Goodcore Spintex Limited before audits and certifications: compliance score 92/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Goodcore Spintex 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 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Goodcore Spintex Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 83/100, distress signals and MSME payment-delay disclosures - know whether Goodcore Spintex 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 Goodcore Spintex Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Goodcore Spintex Limited an active company?

Goodcore Spintex Limited has MCA status “Active” with a compliance score of 92/100 (Low Risk).

Is Goodcore Spintex Limited financially healthy?

Goodcore Spintex Limited has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.

Should I do business with Goodcore Spintex Limited?

Its overall Trust Score is 83/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Goodcore Spintex Limited?

The ultimate holding entity is Jindal Worldwide Limited. 7 active director(s) are on record.

Does Goodcore Spintex Limited have loans or charges against its assets?

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

Is Goodcore Spintex Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 92/100 (Low Risk).

Is it risky to lend to Goodcore Spintex Limited?

Its Credit Risk Score is 35/100 (Caution Indicated). 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.