Icon Ceramic Limited - Due diligence report

A 360° intelligence report on Icon Ceramic Limited: trust score, financial health, credit view, compliance, directors, growth and distress s…

2001-12-13 Morbi, Gujarat Active Unlisted Active Compliant
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IC Icon Ceramic Limited
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  • Director details, charges & MCA documents
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Icon Ceramic Limited — 360° Intelligence Report

Generated from MCA filings & public records
76/100
Trust Score
Low Risk

Icon Ceramic Limited is assessed as Low Risk with a Trust Score of 76/100. Icon Ceramic Limited is an active public limited indian non-government company incorporated in 2001, operating in the Manufacturing 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 moderate compliance risk and moderate financial risk profile.

Report generated on 08 Aug 2026 from the latest processed filings. Icon Ceramic Limited snapshot & full profile →

Financial Health › Strong
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 ScoreLow Risk
76/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
63/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
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 ScoreLow Risk
75/100
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: 60/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 4 satisfied (12.55 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Oriental Bank Of Commerce4 48.0 cr
Compliance Score: 63/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: EPFO.
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
JAMNADAS MANJIBHAI TILVA 01234567 Director 01/04/2018 6 yrs Approved
NILESHKUMAR SARODIA RAMJIBHAI 01234567 Director 01/04/2018 6 yrs Approved
SAVAN CHANDULAL DHARSANDIA 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.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
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
0 allotment(s) · 4 transfer(s)

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

Key managerial personnel: JAMNADAS MANJIBHAI TILVA (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 75
Growth signals & trust indicators
Operating for 24+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
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.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment64/100
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 gaps should be priced into terms.
Investor view60/100
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
22 Aug 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
31 Mar 2022
Share transfer (FY 2022)
29150.00000000 shares to Chandrikaben Anilkumar Faldu
Share transfer (FY 2022)
37500.00000000 shares to Jayaben Jamnadas Faldu
Share transfer (FY 2022)
31250.00000000 shares to Kanchanben Jamunadas Dharsandiya
25 Sep 2020
Charge satisfied
Oriental Bank Of Commerce
31 Mar 2020
Share transfer (FY 2020)
1000.00000000 shares to Manojkumar Bavanjibhai Patel
25 Nov 2016
Director ceased
NISHANT MAHENDRABHAI FALDU
31 Aug 2016
Director ceased
SAVAN CHANDULAL DHARSANDIA
04 Jan 2016
Director appointed
NILESHKUMAR SARODIA RAMJIBHAI (Director)
30 Sep 2015
Director ceased
BHAVESHKUMAR CHHAGANLAL FALDU
27 May 2015
Director appointed
SAVAN CHANDULAL DHARSANDIA (Director)
18 Oct 2011
Charge satisfied
Oriental Bank Of Commerce
01 Apr 2011
Director ceased
JAMNADAS MANJIBHAI TILVA
30 Sep 2010
Director appointed
JAMNADAS MANJIBHAI TILVA (Whole-time director)
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net worth is positive.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 4 registered charge(s) stand satisfied - past borrowings repaid.
Promoters hold a minority 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
S G N Telecoms Limited L64200PB1986PLC006807 Mohali, Punjab, India
Vishva Rattan Refractories Private Limited U14100UP1979PTC004732 U P, Uttar Pradesh, India
Alwar Pet Private Limited U15543RJ2012PTC041062 Alwar, Rajasthan, India
Skytech Dies And Moulds Private Limited U29306KA2022PTC159133 Dharwad, Karnataka, India
Vaishnodevi Polymers Private Limited U25200TG2011PTC072582 Nacharam, Telangana, India
Fascinate Polyjars Private Limited U25202MP2012PTC029501 Chhindwara, Madhya Pradesh, India
A.T. Plastotech Private Limited U25111DL2006PTC148685 New Delhi, Delhi, India
Sai Shraddha Technical Services Private Limited U25209PN2021PTC204714 Pune, Maharashtra, India
12

Who Uses This Report

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

Verify Icon Ceramic Limited before audits and certifications: compliance score 63/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Icon Ceramic 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 60/100, 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 Icon Ceramic Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 76/100, distress signals and MSME payment-delay disclosures - know whether Icon Ceramic 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 Icon Ceramic Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Icon Ceramic Limited an active company?

Icon Ceramic Limited has MCA status “Active” with a compliance score of 63/100 (Moderate).

Is Icon Ceramic Limited financially healthy?

Icon Ceramic Limited has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.

Should I do business with Icon Ceramic Limited?

Its overall Trust Score is 76/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Icon Ceramic Limited?

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

Does Icon Ceramic Limited have loans or charges against its assets?

No open charges - all 4 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Icon Ceramic Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 63/100 (Moderate).

Is it risky to lend to Icon Ceramic Limited?

Its Credit Risk Score is 60/100 (Moderate). 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.