Harshvi Projects Private Limited - Due diligence report

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

2019-04-24 Navsari, Gujarat Active Unlisted
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HP Harshvi Projects Private Limited
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Harshvi Projects Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
73/100
Trust Score
Moderate

Harshvi Projects Private Limited is assessed as Moderate with a Trust Score of 73/100. Harshvi Projects Private Limited is an active private limited indian non-government company incorporated in 2019, operating in the Infrastructure and Utilities sector. The company has shown revenue growth 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 moderate compliance risk and moderate financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Harshvi Projects Private Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

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
73/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
60/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 2 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: 45/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Working-capital cover adequate.

Charges position: 2 open (1.80 cr) · 1 satisfied (2.31 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Tata Capital Financial Services Limited1 48.0 cr
State Bank Of India1 48.0 cr
State Bank Of India Fuvara Branch Navsari Gujarat1 48.0 cr
Compliance Score: 68/100 Moderate
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2021 - filings overdue.
  • Litigation present in 1 court forum(s).
  • 2 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SHITALBEN NIRAJKUMAR SHAH 01234567 Director 01/04/2018 6 yrs Approved
NIRAJ ASHOKBHAI SHAH 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
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.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 75 · Distress 70
Growth signals & trust indicators
Steady revenue growth: +1.42 over 1 year(s).
Latest year revenue grew 2.1x.
Asset base grew 24% - capacity expansion.
Operating for 7 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 0.86 in a year.
Statutory filings appear overdue.
2 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 diligence70/100
Favourable indicators
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 assessment55/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 1.80 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view69/100
Mixed 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 9 events
10 Jan 2025
Charge satisfied
Tata Capital Financial Services Limited
30 Nov 2021
Last AGM held
Annual general meeting
31 Mar 2021
Latest balance sheet
Filed with ROC
25 Nov 2020
Charge created
Tata Capital Financial Services Limited - 2.31 cr
05 Jun 2020
Charge created
State Bank Of India Fuvara Branch Navsari Gujarat - 30.00 Lakh
26 Nov 2019
Charge created
State Bank Of India - 1.50 cr
24 Apr 2019
Incorporated
Registered with Roc Ahmedabad
Director appointed
SHITALBEN NIRAJKUMAR SHAH (Director)
Director appointed
NIRAJ ASHOKBHAI SHAH (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 1 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - leverage worth monitoring.
Net worth is positive.
2 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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Nilgiri Herbs Private Limited U24230MH1992PTC070055 Mumbai, Maharashtra, India
Blue-Jay Projects & Constructions Private Limited U45200AP2008PTC060446 Bheemunipatnam, Andhra Pradesh, India
Atero Infra Private Limited U70103DL2018PTC336089 New Delhi, Delhi, India
Sharpline Builders And Developers Private Limited U70100KL2007PTC021374 Kannur, Kerala, India
Karna Builders Private Limited U45202DL1998PTC094592 New Delhi, Delhi, India
Amigo Conmix India Private Limited U26933KA2012PTC061996 Bangalore, Karnataka, India
Sri Veeranjaneya Eco-Bricks Private Limited U26931TG2011PTC074630 Hyderabad, Telangana, India
Graphite Designs Private Limited U45200MH2019PTC326765 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Harshvi Projects Private Limited before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Harshvi Projects 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: Mixed indicators - deeper appraisal suggested. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 75/100, margin trends, ownership structure and peer set for Harshvi Projects Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 73/100, distress signals and MSME payment-delay disclosures - know whether Harshvi Projects Private 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 Harshvi Projects Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Harshvi Projects Private Limited an active company?

Harshvi Projects Private Limited has MCA status “Active” with a compliance score of 68/100 (Moderate).

Is Harshvi Projects Private Limited financially healthy?

Harshvi Projects Private Limited has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.

Should I do business with Harshvi Projects Private Limited?

Its overall Trust Score is 73/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Harshvi Projects Private Limited?

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

Does Harshvi Projects Private Limited have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.

Is Harshvi Projects Private Limited up to date with its ROC filings?

Last balance sheet is for Mar 2021 - filings overdue. Overall compliance score: 68/100 (Moderate).

Is it risky to lend to Harshvi Projects Private Limited?

Its Credit Risk Score is 45/100 (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.