Harmony Art Foundation - Due diligence report

A 360° intelligence report on Harmony Art Foundation: trust score, financial health, credit view, compliance, directors, growth and distress…

2005-02-21 Mumbai, Maharashtra Active Unlisted Active Compliant
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Harmony Art Foundation — 360° Intelligence Report

Generated from MCA filings & public records
78/100
Trust Score
Low Risk

Harmony Art Foundation is assessed as Low Risk with a Trust Score of 78/100. Harmony Art Foundation is an active public limited guarantee & association incorporated in 2005, operating in the Art 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 low compliance risk and high financial risk profile.

Report generated on 05 Aug 2026 from the latest processed filings. Harmony Art Foundation snapshot & full profile →

Financial Health › Weak
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
78/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
80/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 80/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.

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

Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
GAUTAM JAIN 01234567 Director 01/04/2018 6 yrs Approved
PARAMITA BASU 01234567 Director 01/04/2018 6 yrs Approved
PRAVINA SHARAD AWATE 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
06

Ownership & Group Intelligence

As per FY 2017 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
-

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 65
Growth signals & trust indicators
Operating for 21+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Outside liabilities up 1.42 in a year.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence83/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment73/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view50/100
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
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
16 Sep 2022
Director ceased
GAUTAM JAIN
Director ceased
PRAVINA SHARAD AWATE
08 Jun 2022
Director appointed
GAUTAM JAIN (Director)
Director appointed
PRAVINA SHARAD AWATE (Director)
Director ceased
DEEPAK CHHAGANLAL MEHTA
Director ceased
USHA BHATIA
31 Dec 2020
Director ceased
PARAMITA BASU
28 May 2020
Director appointed
PARAMITA BASU (Director)
Director ceased
MOHAN MADHUKAR LIMAYE
28 Sep 2018
Director ceased
PRAKASH PANDURANG KHEDEKAR
11 Feb 2015
Director ceased
RAJIV CHANDRAKANT SHAH
23 Jan 2014
Director ceased
ANIL DHIRAJLAL AMBANI
Director ceased
SATEESH SETH
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.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Frisson Realty Private Limited U45100MH2012PTC234583 Mumbai, Maharashtra, India
Vatavruksha Entertainment Private Limited U74999PN2014PTC150962 Pune, Maharashtra, India
Gujarat Cine Enterprises Private Limited U92199GJ1970PTC001777 Rajkot, Gujarat, India
Krishshail Music & Entertainment Private Limited U93000MH2011PTC219245 Mumbai, Maharashtra, India
Mirabai Films Private Limited U74899DL1995PTC070651 New Delhi, Delhi, India
Sln Brothers Private Limited U92412MH2020PTC337455 Mumbai, Maharashtra, India
Javis Entertainment Private Limited U93090UP2017PTC099237 Ghaziabad, Uttar Pradesh, India
Mars Entertainment Private Limited U92199RJ2007PTC023927 Abu Road, Rajasthan, India
12

Who Uses This Report

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

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

Company Secretaries (CS)

Track statutory health of Harmony Art Foundation: 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: Favourable lending indicators. Credit risk score 80/100, 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 Harmony Art Foundation - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 78/100, distress signals and MSME payment-delay disclosures - know whether Harmony Art Foundation 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 Harmony Art Foundation - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Harmony Art Foundation an active company?

Harmony Art Foundation has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Harmony Art Foundation financially healthy?

Harmony Art Foundation has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Harmony Art Foundation?

Its overall Trust Score is 78/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Harmony Art Foundation?

See the directors and ownership sections above for board and shareholding detail. 3 active director(s) are on record.

Does Harmony Art Foundation have loans or charges against its assets?

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

Is Harmony Art Foundation up to date with its ROC filings?

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

Is it risky to lend to Harmony Art Foundation?

Its Credit Risk Score is 80/100 (Low Risk). Banker verdict: Favourable lending indicators.

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.