Promoter holding
64.27%
IF
Icon Forging Private Limited - Due diligence report
A 360° intelligence report on Icon Forging Private Limited: trust score, financial health, credit view, compliance, directors, growth and di…
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Icon Forging Private Limited — 360° Intelligence Report
Generated from MCA filings & public records52/100
Trust Score
Moderate
Icon Forging Private Limited is assessed as Moderate with a Trust Score of 52/100. Icon Forging Private Limited is an active private limited indian non-government company incorporated in 2002, operating in the Engineering sector. Processed financial statements are not yet available for trend analysis. Based on MCA filings and public records, it currently shows a high compliance risk and an unassessed financial risk profile.
Report generated on 17 Oct 2026 from the latest processed filings. Icon Forging Private Limited snapshot & full profile →
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 & explainableTrust ScoreModerate
52/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
18/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreNo Data
N/A
No processed financial statements available yet.
Credit Risk ScoreNo Data
N/A
Financial statements needed for a credit view.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreNo Data
N/A
Needs at least two filed years to measure growth.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
No processed financialsFinancial statements are not yet processed for this company. Trend analysis will appear once filings are available.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: N/A No Data
- Financial statements needed for a credit view.
Charges position: 1 open (2.00 cr) · 3 satisfied (1.60 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Idbi Bank Ltd. | 1 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Bankofindia | 1 | 48.0 cr |
| Bank Of India | 1 | 48.0 cr |
Compliance Score: 18/100 Caution Indicated
- Company status is Active as per MCA.
- Marked ACTIVE non-compliant (INC-22A).
- Last balance sheet is for Mar 2010 - filings overdue.
- Flagged by authority: MCA.
- Litigation present in 1 court forum(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| VIRAL LALJIBHAI BUSA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| LALJIBHAI SAMJIBHAI BUSA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 2 directors on the board.
- VIRAL LALJIBHAI BUSA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
06
Ownership & Group Intelligence
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
-
Key managerial personnel: VIRAL LALJIBHAI BUSA (Whole-time director) · LALJIBHAI SAMJIBHAI BUSA (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth N/A · Distress 80
Growth signals & trust indicators
Operating for 24+ years.
Financials unavailable - score leans on compliance and governance signals.
Distress signals & risk flags
Statutory filings appear overdue.
Compliance score is weak (18/100).
1 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence47/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- No financials on record - ask for audited statements.
Banker assessment21/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- No filed financials - rely on banking statements and GST data.
- 1 open charge(s) of 2.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view32/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Request management accounts - public filings insufficient.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 14 events10 Jul 2010
Last AGM held
Annual general meeting
31 Mar 2010
Latest balance sheet
Filed with ROC
21 Nov 2008
Charge satisfied
Axis Bank Limited
07 Nov 2008
Charge created
Idbi Bank Ltd. - 2.00 cr
31 May 2008
Charge created
Axis Bank Limited - 80.00 Lakh
17 May 2008
Charge satisfied
Bankofindia
Charge satisfied
Bank Of India
22 Nov 2007
Director ceased
DHARMESH SAVJIBHAI ZALAWADIA
Director ceased
SAVJIBHAI PARSHOTTAMBHAI PATEL
21 Dec 2005
Charge created
Bankofindia - 40.00 Lakh
Charge created
Bank Of India - 40.00 Lakh
06 Apr 2005
Director appointed
VIRAL LALJIBHAI BUSA (Whole-time director)
Director appointed
LALJIBHAI SAMJIBHAI BUSA (Whole-time director)
14 Jun 2002
Incorporated
Registered with Roc Ahmedabad
10
Key Observations
Auto-generated from the data above2 active director(s) / partner(s); review board churn before relying on management continuity.
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Icon Forging Private Limited before audits and certifications: compliance score 18/100, 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 Forging 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 pending financials, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score n/a, margin trends, ownership structure and peer set for Icon Forging Private Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 52/100, distress signals and MSME payment-delay disclosures - know whether Icon Forging 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 Icon Forging Private Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Icon Forging Private Limited an active company?
Icon Forging Private Limited has MCA status “Active” with a compliance score of 18/100 (Caution Indicated).
Is Icon Forging Private Limited financially healthy?
Processed financial statements are not yet available for Icon Forging Private Limited, so its financial health is unassessed.
Should I do business with Icon Forging Private Limited?
Its overall Trust Score is 52/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Icon Forging Private Limited?
See the directors and ownership sections above for board and shareholding detail. 2 active director(s) are on record.
Does Icon Forging Private Limited have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 3 earlier charge(s) stand satisfied.
Is Icon Forging Private Limited up to date with its ROC filings?
Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 18/100 (Caution Indicated).
Is it risky to lend to Icon Forging Private Limited?
Filed financial statements are needed for a credit view - ask the company for audited statements and bank statements.
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.
