Harmony Plastics Private Limited - Due diligence report

A 360° intelligence report on Harmony Plastics Private Limited: trust score, financial health, credit view, compliance, directors, growth an…

2005-03-17 Udaipur, Rajasthan Active Unlisted Active Compliant
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HP Harmony Plastics Private Limited
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Harmony Plastics Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
95/100
Trust Score
Low Risk

Harmony Plastics Private Limited is assessed as Low Risk with a Trust Score of 95/100. Harmony Plastics Private Limited is an active private limited indian non-government company incorporated in 2005, 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 low financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Harmony Plastics 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
95/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
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
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: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (A-).

Charges position: 3 open (106.25 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India1 48.0 cr
Others2 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 3 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SAURABH BAPNA 01234567 Director 01/04/2018 6 yrs Approved
CHARLES DANIEL MONTGOMERY 01234567 Director 01/04/2018 6 yrs Approved
SHILPA BAPNA 01234567 Director 01/04/2018 6 yrs Approved
COLLEEN JENNIFER MCDONALD 01234567 Director 01/04/2018 6 yrs Approved
LLOYD OWEN HOFFMAN 01234567 Director 01/04/2018 6 yrs Approved
SANDEEP BAPNA 01234567 Director 01/04/2018 6 yrs Approved
BABULAL BAPNA 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 2024)
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 2024 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) · 1 transfer(s)

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

Key managerial personnel: SANDEEP BAPNA (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 21+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
3 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence95/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment95/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 106.25 cr already registered.
  • Compliance record supports lending.
Investor view89/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
02 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
05 Aug 2024
Charge created
Others - 39.70 cr
31 Mar 2023
Share transfer (FY 2023)
568.00000000 shares to Sun Polytex Private Limited
26 Jul 2022
Charge created
Others - 10.00 cr
22 Feb 2022
Director ceased
SANDEEP BAPNA
30 Sep 2021
Director ceased
SAURABH BAPNA
30 Mar 2021
Director appointed
SAURABH BAPNA (Director)
Director ceased
VINOD BAPNA
30 Sep 2019
Director ceased
COLLEEN JENNIFER MCDONALD
02 Jan 2019
Director appointed
COLLEEN JENNIFER MCDONALD (Director)
14 Sep 2018
Director ceased
SHELDON JOHN HOFFMAN
Director ceased
MANGLA BAPNA
20 Mar 2013
Director appointed
SANDEEP BAPNA (Managing Director)
18 Feb 2013
Director ceased
SHILPA BAPNA
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
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.
3 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A- from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2024 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
Bilaspur Mining Industries Private Limited U29249WB1997PTC083813 Kolkata, West Bengal, India
Ishaan Metplast Synergy Limited U25209WB2005PLC101432 Howrah, West Bengal, India
Unifrax U26993PN1983PTC222979 Haveli, Maharashtra, India
Soltex Petro Products Ltd. U99999MH1992PLC067460 Mumbai, Maharashtra, India
Lincon Polymers Private Limited U22203GJ1996PTC028973 Ahmedabad, Gujarat, India
Kanodia Infratech Limited U74900UP2010PLC039750 Noida, Uttar Pradesh, India
Ralson Tyres Limited U25209PB2019PLC058660 Ludhiana, Punjab, India
Ras Polytex Private Limited U35100UP1999PTC024525 Varanasi, Uttar Pradesh, India
12

Who Uses This Report

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

Verify Harmony Plastics Private Limited 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 Plastics Private 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: Favourable lending indicators. Credit risk score 95/100, 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 Harmony Plastics Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 95/100, distress signals and MSME payment-delay disclosures - know whether Harmony Plastics Private 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 Harmony Plastics Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Harmony Plastics Private Limited an active company?

Harmony Plastics Private Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Harmony Plastics Private Limited financially healthy?

Harmony Plastics Private Limited has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Harmony Plastics Private Limited?

Its overall Trust Score is 95/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Harmony Plastics Private Limited?

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

Does Harmony Plastics Private Limited have loans or charges against its assets?

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

Is Harmony Plastics Private Limited 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 Plastics Private Limited?

Its Credit Risk Score is 95/100 (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.