Hitarg Agritrade Commodities Private Limited - Due diligence report

A 360° intelligence report on Hitarg Agritrade Commodities Private Limited: trust score, financial health, credit view, compliance, director…

2019-09-02 Ahmedabad, Gujarat Active Unlisted
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Hitarg Agritrade Commodities Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
72/100
Trust Score
Moderate

Hitarg Agritrade Commodities Private Limited is assessed as Moderate with a Trust Score of 72/100. Hitarg Agritrade Commodities Private Limited is an active private limited indian non-government company incorporated in 2019, operating in the Agriculture 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 03 Oct 2026 from the latest processed filings. Hitarg Agritrade Commodities 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 ScoreModerate
72/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
88/100
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
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 4 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
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Elevated gearing (D/E 38%).
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 1 satisfied (40.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 48.0 cr
Compliance Score: 88/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 30/100
NameDIN / PANDesignationAppointedTenureDIN status
NIRAV HARESH MEHTA 01234567 Director 01/04/2018 6 yrs Approved
AARTI SUBHASH GHULE 01234567 Director 01/04/2018 6 yrs Approved
POOJA SUBHASH GHULE 01234567 Director 01/04/2018 6 yrs Approved
LAXMAN HARI SUTAR 01234567 Director 01/04/2018 6 yrs Approved
KIRAN NAUPATLAL RAISONI 01234567 Director 01/04/2018 6 yrs Approved
RAVINDRA BHIMRAO BALI 01234567 Director 01/04/2018 6 yrs Approved
Rahul Adinath Sherkar 01234567 Director 01/04/2018 6 yrs Approved
Kishor Babanrao Jadhav 01234567 Director 01/04/2018 6 yrs Approved
Nayana Avinash Sawant 01234567 Director 01/04/2018 6 yrs Approved
  • 9 directors on the board.
  • RAVINDRA BHIMRAO BALI has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 5 director exits in 3 years - high churn.
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 2023 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 95 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +1.42 over 3 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
Operating for 7 years.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 38% in a year.
5 director exits within 2 years.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence78/100
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 assessment65/100
Mixed indicators - deeper appraisal suggested
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 view82/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 5 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
22 Dec 2025
Director appointed
Kishor Babanrao Jadhav (Additional Director)
Director ceased
AARTI SUBHASH GHULE
Director ceased
POOJA SUBHASH GHULE
Director ceased
AVINASH TUKARAM SAWANT
Director ceased
Rahul Adinath Sherkar
Director ceased
Nayana Avinash Sawant
30 Sep 2025
Last AGM held
Annual general meeting
20 Sep 2025
Director appointed
Nayana Avinash Sawant (Additional Director)
02 Aug 2025
Director appointed
Rahul Adinath Sherkar (Additional Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
15 Mar 2025
Director appointed
RAVINDRA BHIMRAO BALI (Additional Director)
19 Jul 2024
Director appointed
LAXMAN HARI SUTAR (Additional Director)
26 Aug 2023
Director appointed
AARTI SUBHASH GHULE (Additional Director)
Director appointed
POOJA SUBHASH GHULE (Additional Director)
21 Sep 2022
Director ceased
RAM RAMANLAL PANDYA
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 3 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
9 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 2023 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
Chagi Agro Industries Private Limited U01100KA2019PTC128822 Siruguppa, Karnataka, India
Shri Ram Solvent Extractions Private Limited U15146UR1986PTC008014 Jaspur, Uttarakhand, India
Ruchi Hi-Rich Seeds U73100MH2014PTC255066 Mumbai, Maharashtra, India
Sunshine Agri Private Limited U01100MH2005PTC153693 Jalgaon, Maharashtra, India
Agrani Milk & Milk Processors Private Limited U15209PN2011PTC138187 Sangli, Maharashtra, India
Shri Laxmibadri Agro Foods Private Limited U01403UR2013PTC000905 Uttaranchal, Uttarakhand, India
Ken Agritech U01112KA1997PTC022721 Hubli, Karnataka, India
Aga Khan Rural Support Programme (India) U99999GJ1983NPL142314 City Taluka, Gujarat, India
12

Who Uses This Report

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

Verify Hitarg Agritrade Commodities Private Limited before audits and certifications: compliance score 88/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Hitarg Agritrade Commodities 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: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Hitarg Agritrade Commodities Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 72/100, distress signals and MSME payment-delay disclosures - know whether Hitarg Agritrade Commodities 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 Hitarg Agritrade Commodities Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Hitarg Agritrade Commodities Private Limited an active company?

Hitarg Agritrade Commodities Private Limited has MCA status “Active” with a compliance score of 88/100 (Low Risk).

Is Hitarg Agritrade Commodities Private Limited financially healthy?

Hitarg Agritrade Commodities Private Limited has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Hitarg Agritrade Commodities Private Limited?

Its overall Trust Score is 72/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Hitarg Agritrade Commodities Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 9 active director(s) are on record.

Does Hitarg Agritrade Commodities 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 Hitarg Agritrade Commodities Private Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2025). Overall compliance score: 88/100 (Low Risk).

Is it risky to lend to Hitarg Agritrade Commodities 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.