Hicons Developers Private Limited - Due diligence report

A 360° intelligence report on Hicons Developers Private Limited: trust score, financial health, credit view, compliance, directors, growth a…

2010-10-06 Mumbai, Maharashtra Active Unlisted Active Non-Compliant
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Hicons Developers Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
47/100
Trust Score
Caution Indicated

Hicons Developers Private Limited is assessed as Caution Indicated with a Trust Score of 47/100. Hicons Developers Private Limited is an active private limited indian non-government company incorporated in 2010, operating in the Real Estate and Construction sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.

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

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Weak

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 ScoreCaution Indicated
47/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
35/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
45/100
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.

Get full access

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: 55/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 1 satisfied (18.50 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Allahabad Bank1 48.0 cr
Compliance Score: 35/100 Caution Indicated
  • Company status is Active as per MCA.
  • Marked ACTIVE non-compliant (INC-22A).
  • Last balance sheet is for Mar 2021 - filings overdue.
  • Litigation present in 3 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
NADEEM LAKDAWALA ABDUL SATTAR 01234567 Director 01/04/2018 6 yrs Approved
MOHAMED RAFIQUE MOHAMED NAZIR SHAIKH 01234567 Director 01/04/2018 6 yrs Approved
KHALID VASAIWALA MUSTAFA 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • MOHAMED RAFIQUE MOHAMED NAZIR SHAIKH has DIN status "Disqualified by RoC u/s 164(2)".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2019 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 55 · Distress 45
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
Net margin improved to 2.1x.
Operating for 15+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
Statutory filings appear overdue.
Compliance score is weak (35/100).
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence42/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment42/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view44/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 14 events
11 Dec 2021
Director appointed
KHALID VASAIWALA MUSTAFA (Director)
Director ceased
NAFIZ AHMED SHAIKH
30 Nov 2021
Last AGM held
Annual general meeting
31 May 2021
Director ceased
KHALID VASAIWALA MUSTAFA
31 Mar 2021
Latest balance sheet
Filed with ROC
31 Oct 2018
Director ceased
MOHAMMED HANIF HINGORA
01 Jun 2015
Charge satisfied
Allahabad Bank
20 Sep 2014
Director ceased
JUVERIA MOHAMED RAFIQUE SHAIKH
18 Dec 2012
Director ceased
MOHAMMED JAWWAD JEHANGIR MIR
10 Dec 2012
Director ceased
WAHID MUNIR SHAFI BUBERE
28 Oct 2011
Charge created
Allahabad Bank - 18.50 cr
06 Oct 2010
Incorporated
Registered with Roc Mumbai
Director appointed
NADEEM LAKDAWALA ABDUL SATTAR (Director)
Director appointed
MOHAMED RAFIQUE MOHAMED NAZIR SHAIKH (Director)
10

Key Observations

Auto-generated from the data above
Revenue declined 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
3 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
All 1 registered charge(s) stand satisfied - past borrowings repaid.
Promoters hold a dominant controlling stake as per the FY 2019 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Bhar Construction Private Limited U45400DL2015PTC275276 Delhi, Delhi, India
Amballur Builders And Developers Private Limited U70101KL2008PTC022171 Thrissur, Kerala, India
Bageshree Developer Private Limited U45200GJ2005PTC047095 Na, Gujarat, India
Sree Shylam Contracting And Real Estate Private Limited U45201KL2007PTC020798 Kowdiar, Kerala, India
Sri Alakananda Townships Private Limited U45400AP2012PTC078597 Visakhapatnam (Urban), Andhra Pradesh, India
Buzznblitz Enterprise Private Limited U70109DL2013PTC251735 Delhi, Delhi, India
Bbkk Infrastructure Private Limited U45205KA2015PTC080164 Bgsouth, Karnataka, India
Jagatmata Developer Private Limited U45400WB2012PTC184883 Kolkata, West Bengal, India
12

Who Uses This Report

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

Verify Hicons Developers Private Limited before audits and certifications: compliance score 35/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Hicons Developers 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: Enhanced diligence advised. Credit risk score 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 55/100, margin trends, ownership structure and peer set for Hicons Developers Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 47/100, distress signals and MSME payment-delay disclosures - know whether Hicons Developers Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Hicons Developers Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Hicons Developers Private Limited an active company?

Hicons Developers Private Limited has MCA status “Active” with a compliance score of 35/100 (Caution Indicated).

Is Hicons Developers Private Limited financially healthy?

Hicons Developers Private Limited has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Hicons Developers Private Limited?

Its overall Trust Score is 47/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Hicons Developers Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Hicons Developers Private Limited have loans or charges against its assets?

No open charges - all 1 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Hicons Developers Private Limited up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 35/100 (Caution Indicated).

Is it risky to lend to Hicons Developers Private Limited?

Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Enhanced diligence advised.

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.