Harissons Bags Private Limited - Due diligence report

A 360° intelligence report on Harissons Bags: trust score, financial health, credit view, compliance, directors, growth and distress signals…

2010-12-01 Thane, Maharashtra Active Unlisted Active Compliant
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HB Harissons Bags Private Limited
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Harissons Bags — 360° Intelligence Report

Generated from MCA filings & public records
89/100
Trust Score
Low Risk

Harissons Bags is assessed as Low Risk with a Trust Score of 89/100. Harissons Bags is an active private limited indian non-government company incorporated in 2010, operating in the Home & Lifestyle 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 low financial risk profile.

Report generated on 18 Aug 2026 from the latest processed filings. Harissons Bags Private Limited snapshot & full profile →

Financial Health › Strong
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
89/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
93/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
30/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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: 30/100 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.

Charges position: 5 open (4.10 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Canara Bank5 48.0 cr
Compliance Score: 93/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
Naini Bandish Mehta 01234567 Director 01/04/2018 6 yrs Approved
BANDISH SHASHIKANT MEHTA 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2022)
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 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
0 allotment(s) · 2 transfer(s)

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 90 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Net margin improved to 61%.
EPFO headcount growing - hiring signal.
Operating for 15+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
5 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence91/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment59/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 5 open charge(s) of 4.10 cr already registered.
  • Compliance record supports lending.
Investor view84/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 5 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
13 Sep 2025
Last AGM held
Annual general meeting
04 Aug 2025
Charge created
Canara Bank - 21.00 Lakh
29 Jul 2025
Director ceased
DARSH BANDISH MEHTA
31 Mar 2025
Latest balance sheet
Filed with ROC
14 Feb 2025
Charge created
Canara Bank - 16.85 Lakh
17 Jan 2024
Director appointed
Naini Bandish Mehta (Director)
Director ceased
INDIRA SHASHIKANT MEHTA
01 Aug 2020
Charge created
Canara Bank - 10.50 Lakh
06 Jul 2020
Charge created
Canara Bank - 16.00 Lakh
31 Mar 2018
Share transfer (FY 2018)
5000.00000000 shares to BANDISH SHASHIKANT MEHTA
Share transfer (FY 2018)
1000.00000000 shares to BANDISH SHASHIKANT MEHTA
13 Mar 2014
Charge created
Canara Bank - 3.46 cr
15 Jan 2014
Director ceased
MANSI BANDISH MEHTA
01 Dec 2010
Incorporated
Registered with Roc Mumbai Ii
Director appointed
BANDISH SHASHIKANT MEHTA (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 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.
2 active director(s) / partner(s); board looks stable and experienced.
1 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 2022 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
Satpuda Engineering P Ltd U74999MH1994PTC078243 Mumbai, Maharashtra, India
Pti Engineering Technologies Private Limited U29308MH2018PTC313609 Mumbai, Maharashtra, India
Qualitech Connectronics Private Limited U32101TG1995PTC020619 Hyderabad, Telangana, India
Sun Polyfab Private Limited U25209PB1991PTC011644 Ludhiana, Punjab, India
Mpm Processors Private Limited U26999AS1992PTC003795 Guwahati, Assam, India
Aerofil Filters India Private Limited U51900KL2015PTC038188 Kottarakkara, Kerala, India
Diamond Queen Jewellers Private Limited U51909WB2009PTC132749 Siliguri, West Bengal, India
Delight Industries Private Limited U35999PN2020PTC197219 Ratnagiri, Maharashtra, India
12

Who Uses This Report

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

Verify Harissons Bags before audits and certifications: compliance score 93/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Harissons Bags: 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 30/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 90/100, margin trends, ownership structure and peer set for Harissons Bags - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 89/100, distress signals and MSME payment-delay disclosures - know whether Harissons Bags 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 Harissons Bags - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Harissons Bags an active company?

Harissons Bags has MCA status “Active” with a compliance score of 93/100 (Low Risk).

Is Harissons Bags financially healthy?

Harissons Bags has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Harissons Bags?

Its overall Trust Score is 89/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Harissons Bags?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 2 active director(s) are on record.

Does Harissons Bags have loans or charges against its assets?

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

Is Harissons Bags up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 93/100 (Low Risk).

Is it risky to lend to Harissons Bags?

Its Credit Risk Score is 30/100 (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.