Iec Projects Limited - Due diligence report

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

2002-12-13 Ahmedabad, Gujarat Active Unlisted Active Compliant
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Iec Projects Limited — 360° Intelligence Report

Generated from MCA filings & public records
84/100
Trust Score
Low Risk

Iec Projects Limited is assessed as Low Risk with a Trust Score of 84/100. Iec Projects Limited is an active public limited indian non-government company incorporated in 2002, operating in the Energy and Power 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 moderate compliance risk and low financial risk profile.

Report generated on 03 Aug 2026 from the latest processed filings. Iec Projects 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 ScoreLow Risk
84/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
74/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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.

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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: 40/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Profitable - internal accruals available.

Charges position: 2 open (451.59 cr) · 9 satisfied (977.86 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others6 48.0 cr
Uco Bank3 48.0 cr
Axis Bank Limited1 48.0 cr
Srei Equipment Finance Limited1 48.0 cr
Compliance Score: 74/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 2 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
HARINI SANDEEP MITTAL 01234567 Director 01/04/2018 6 yrs Approved
AMIT INDRASEN MITTAL 01234567 Director 01/04/2018 6 yrs Approved
KAVITA AMITBHAI MITTAL 01234567 Director 01/04/2018 6 yrs Approved
SANDEEP INDRASEN MITTAL 01234567 Director 01/04/2018 6 yrs Approved
  • 4 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 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
1
Capital events
-

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

Group entityRelationship% held
Corrtech International Limited Associate Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 90 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Operating for 23+ years.
Active GST registration(s).
Distress signals & risk flags
2 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence82/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment60/100
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 451.59 cr already registered.
  • Compliance record supports lending.
Investor view85/100
Positive growth 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 15 events
04 Jul 2025
Charge satisfied
Others
30 Sep 2024
Last AGM held
Annual general meeting
20 Sep 2024
Charge created
Others - 65.00 cr
21 Aug 2024
Charge created
Others - 45.00 cr
08 Apr 2024
Charge satisfied
Others
31 Mar 2024
Latest balance sheet
Filed with ROC
30 Mar 2024
Charge satisfied
Others
03 Feb 2024
Charge created
Others - 22.00 cr
25 Oct 2023
Charge satisfied
Others
25 Aug 2023
Charge satisfied
Uco Bank
09 Jun 2023
Charge created
Others - 406.59 cr
29 Mar 2022
Charge created
Others - 75.00 cr
19 May 2020
Charge satisfied
Axis Bank Limited
Charge satisfied
Uco Bank
05 Nov 2019
Charge created
Others - 125.00 cr
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Net worth is positive.
4 active director(s) / partner(s); board looks stable and experienced.
1 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 2023 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Mahaveerinfra U45201RJ2008PTC027705 Jaipur, Rajasthan, India
Sdc Engineering Projects Private Limited U45202TN2005PTC057052 Kumbakonam, Tamil Nadu, India
Chomu Chandwaji Tollways Private Limited U63030RJ2016PTC055424 Jaipur, Rajasthan, India
Ktms Design And Engineering Private Limited U74140MH1985PTC036722 Pune, Maharashtra, India
Akash Infra Enterprises Private Limited U45309MP2020PTC051252 Ujjain, Madhya Pradesh, India
Pathak Telecom Company Private Limited U00365JH1995PTC006935 Ranchi, Jharkhand, India
Shubh Raag Infra Builds Private Limited U70102UP2015PTC070795 Allahabad, Uttar Pradesh, India
Premchand Nanulal Ajmera Infra U45201MP2018PTC045571 Indore, Madhya Pradesh, India
12

Who Uses This Report

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

Verify Iec Projects Limited before audits and certifications: compliance score 74/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Iec Projects 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 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 90/100, margin trends, ownership structure and peer set for Iec Projects Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 84/100, distress signals and MSME payment-delay disclosures - know whether Iec Projects Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Iec Projects Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Iec Projects Limited an active company?

Iec Projects Limited has MCA status “Active” with a compliance score of 74/100 (Moderate).

Is Iec Projects Limited financially healthy?

Iec Projects Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Iec Projects Limited?

Its overall Trust Score is 84/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Iec Projects Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 4 active director(s) are on record.

Does Iec Projects Limited have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 9 earlier charge(s) stand satisfied.

Is Iec Projects Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 74/100 (Moderate).

Is it risky to lend to Iec Projects Limited?

Its Credit Risk Score is 40/100 (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.