Igloo Commerce Pvt Ltd - Due diligence report

A 360° intelligence report on Igloo Commerce Pvt Ltd: trust score, financial health, credit view, compliance, directors, growth and distress…

1994-12-30 Mumbai, Maharashtra Amalgamated Unlisted Active Compliant
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Igloo Commerce Pvt Ltd — 360° Intelligence Report

Generated from MCA filings & public records
50/100
Trust Score
Moderate

Igloo Commerce Pvt Ltd is assessed as Moderate with a Trust Score of 50/100. Igloo Commerce Pvt Ltd is a private limited indian non-government company incorporated in 1994, operating in the Financial Services 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 high compliance risk and high financial risk profile.

Report generated on 04 Aug 2026 from the latest processed filings. Igloo Commerce Pvt Ltd snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Caution

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
50/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
23/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
35/100
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: 55/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 23/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Last balance sheet is for Mar 2023 - filings overdue.
  • Litigation present in 1 court forum(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
AJAY GHOSH 01234567 Director 01/04/2018 6 yrs Approved
PRAKASH SARKAR 01234567 Director 01/04/2018 6 yrs Approved
  • 2 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
0 allotment(s) · 5 transfer(s)
Group entityRelationship% held
Vaibhav Credit & Portfolio Pvt Ltd Associate Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 35
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Profit expanded 1.42 year-on-year.
Operating for 31+ years.
Distress signals & risk flags
Negative net worth.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (23/100).
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence35/100
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 view58/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 13 events
29 Sep 2023
Last AGM held
Annual general meeting
31 Mar 2023
Latest balance sheet
Filed with ROC
31 Mar 2020
Share transfer (FY 2020)
35000.00000000 shares to VAIBHAV CREDIT AND PORTFOLIO PVT. L
31 Mar 2017
Share transfer (FY 2017)
50000.00000000 shares to VAIBHAV CREDIT AND PORTFOLIO PVT. L
Share transfer (FY 2017)
25000.00000000 shares to AUTHENTIC FINANCE PVT. LTD.
28 Sep 2016
Director ceased
AJAY GHOSH
18 Jul 2016
Director ceased
ARUN PAREEK
02 Jun 2016
Director appointed
AJAY GHOSH (Director)
04 Nov 2015
Director ceased
HANUMAN MAL TATER
03 Nov 2015
Director appointed
PRAKASH SARKAR (Director)
14 Aug 2008
Director ceased
SHUBHENDU TEWARI
30 Sep 2006
Director ceased
PANNA LAL MALOO
30 Dec 1994
Incorporated
Registered with Roc Mumbai
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
2 active director(s) / partner(s); board looks stable and experienced.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
M R J Chits Private Limited U65992KA2005PTC037034 Cross Road, Bangalore, Karnataka, India
Lolge And Sons Suvarn Nidhi Limited U74999MH2017PLC299776 Aurangabad, Maharashtra, India
Thar Buildcon Private Limited U45400WB2007PTC116065 Kolkata, West Bengal, India
Money Concepts Private Limited U66190MH2017PTC302974 Complex Bandra East, Maharashtra, India
B. R. Dwellings Private Limited U45400WB2010PTC152578 Kolkata, West Bengal, India
Saaket Mercantiles Pvt. Ltd. U51109UP1993PTC066763 Kanpur, Uttar Pradesh, India
Bagmane Traders Pvt.Ltd. U51109JH1994PTC013317 Ranchi, Jharkhand, India
Mahanta Group Holdings Private Limited U65999AS2017PTC017832 Guwahati, Assam, India
12

Who Uses This Report

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

Verify Igloo Commerce Pvt Ltd before audits and certifications: compliance score 23/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Igloo Commerce Pvt Ltd: 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: Mixed indicators. Growth score 80/100, margin trends, ownership structure and peer set for Igloo Commerce Pvt Ltd - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 50/100, distress signals and MSME payment-delay disclosures - know whether Igloo Commerce Pvt Ltd 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 Igloo Commerce Pvt Ltd - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Igloo Commerce Pvt Ltd an active company?

Igloo Commerce Pvt Ltd has MCA status “Amalgamated” with a compliance score of 23/100 (Caution Indicated).

Is Igloo Commerce Pvt Ltd financially healthy?

Igloo Commerce Pvt Ltd has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Igloo Commerce Pvt Ltd?

Its overall Trust Score is 50/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Igloo Commerce Pvt Ltd?

See the directors and ownership sections above for board and shareholding detail. 2 active director(s) are on record.

Does Igloo Commerce Pvt Ltd have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Igloo Commerce Pvt Ltd up to date with its ROC filings?

Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 23/100 (Caution Indicated).

Is it risky to lend to Igloo Commerce Pvt Ltd?

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.