Implicit Trading Private Limited - Due diligence report

A 360° intelligence report on Implicit Trading Private Limited: trust score, financial health, credit view, compliance, directors, growth an…

1981-02-02 Mumbai, Maharashtra Amalgamated Unlisted Active Compliant
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IT Implicit Trading Private Limited
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Implicit Trading Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
51/100
Trust Score
Moderate

Implicit Trading Private Limited is assessed as Moderate with a Trust Score of 51/100. Implicit Trading Private Limited is a private limited indian non-government company incorporated in 1981, operating in the Financial Services sector. 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 21 Jul 2026 from the latest processed filings. Implicit Trading Private Limited snapshot & full profile →

Financial Health › Neutral
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
51/100
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
45/100
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 ScoreModerate
60/100
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.

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: 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
MILIND ASHOK SHAH 01234567 Director 01/04/2018 6 yrs Approved
NIRALI MITUL SHAH 01234567 Director 01/04/2018 6 yrs Approved
MITUL BHARAT SHAH 01234567 Director 01/04/2018 6 yrs Approved
BHARAT JAYANTILAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
LEENA BHARAT SHAH 01234567 Director 01/04/2018 6 yrs Approved
ASHOK JAYANTILAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
  • 6 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 2022 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
Tivoli Investment And Trading Company Private Limited
Subsidiaries
-
Group entities
-
Capital events
0 allotment(s) · 5 transfer(s)

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

Group entityRelationship% held
Tivoli Investment And Trading Company Private Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 35
Growth signals & trust indicators
Profit expanded 38% year-on-year.
Operating for 45+ 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 assessment44/100
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 view52/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
16 Aug 2023
Last AGM held
Annual general meeting
31 Mar 2023
Latest balance sheet
Filed with ROC
31 Mar 2019
Share transfer (FY 2019)
34.00000000 shares to Tivoli Investment and Trading Company Private Limited
Share transfer (FY 2019)
1.00000000 shares to Tivoli Investment and Trading Company Private Limited
Share transfer (FY 2019)
33.00000000 shares to Tivoli Investment and Trading Company Private Limited
Share transfer (FY 2019)
1.00000000 shares to Bharat Jayantilal Shah as a nominee Tivoli Investment and Trading Co PL
28 May 2018
Director ceased
NIRALI MITUL SHAH
Director ceased
LEENA BHARAT SHAH
28 Dec 2017
Director appointed
NIRALI MITUL SHAH (Director)
Director appointed
LEENA BHARAT SHAH (Director)
30 Sep 2017
Director ceased
MILIND ASHOK SHAH
Director ceased
MITUL BHARAT SHAH
01 Apr 2017
Director appointed
MILIND ASHOK SHAH (Director)
Director appointed
MITUL BHARAT SHAH (Director)
28 Jun 2012
Director ceased
NIKHIL ASHOK SHAH
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
6 active director(s) / partner(s); board looks stable and experienced.
Promoters hold a dominant controlling stake as per the FY 2022 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Sunchit Pack-Trade Private Limited U74999HR2004PTC047181 Faridabad, Haryana, India
Rain Bussera Properties Pvt Ltd U45201WB1996PTC080596 Kolkata, West Bengal, India
Dispo Vincom Pvt.Ltd. U51109WB1994PTC065898 North 24 Pgs, West Bengal, India
Jhilmil Holdings Pvt Ltd U65922WB1986PTC040419 Kolkata, West Bengal, India
Dove Tradecom Private Limited U51900WB2010PTC148680 Kolkata, West Bengal, India
Kvj Propmart Private Limited U70101DL2012PTC243721 Delhi, Delhi, India
Kanha Infravision Private Limited U45202UP2013PTC060153 Ghaziabad, Uttar Pradesh, India
Goa Super Electrodes Private Limited U27109GA1977PTC000295 Goa., Goa, India
12

Who Uses This Report

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

Verify Implicit Trading Private Limited 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 Implicit Trading 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 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 60/100, margin trends, ownership structure and peer set for Implicit Trading Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 51/100, distress signals and MSME payment-delay disclosures - know whether Implicit Trading 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 Implicit Trading Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Implicit Trading Private Limited an active company?

Implicit Trading Private Limited has MCA status “Amalgamated” with a compliance score of 23/100 (Caution Indicated).

Is Implicit Trading Private Limited financially healthy?

Implicit Trading Private Limited has a Financial Health Score of 45/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Implicit Trading Private Limited?

Its overall Trust Score is 51/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Implicit Trading Private Limited?

The ultimate holding entity is Tivoli Investment And Trading Company Private Limited. 6 active director(s) are on record.

Does Implicit Trading Private Limited have loans or charges against its assets?

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

Is Implicit Trading Private Limited 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 Implicit Trading Private Limited?

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.