Indian Explosives Private Limited - Due diligence report

A 360° intelligence report on Orica: trust score, financial health, credit view, compliance, directors, growth and distress signals - genera…

1999-05-17 Seri Lingampally, Telangana Active Unlisted Active Compliant
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Orica — 360° Intelligence Report

Generated from MCA filings & public records
67/100
Trust Score
Moderate

Orica is assessed as Moderate with a Trust Score of 67/100. Orica is an active private limited foreign company incorporated in india incorporated in 1999, operating in the Chemicals sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and high financial risk profile.

Report generated on 28 Jul 2026 from the latest processed filings. Indian Explosives Private Limited snapshot & full profile →

Financial Health › Neutral
Overall Assessment CautionWeakNeutralGoodStrong Good
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 ScoreModerate
67/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
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
85/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
50/100
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
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • Externally credit-rated (AA-).

Charges position: 0 open (-) · 2 satisfied (65.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India1 48.0 cr
Anz Grindlays Bank Limited1 48.0 cr
Compliance Score: 68/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Sep 2024).
  • Litigation present in 4 court forum(s).
  • 8 active GST registration(s).
Legal cases on record (4)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
RAJENDRA KONIDINA 01234567 Director 01/04/2018 6 yrs Approved
SEETHARAMAN PRASHANTH 01234567 Director 01/04/2018 6 yrs Approved
ABHISHEK BISWAS 01234567 Director 01/04/2018 6 yrs Approved
Prashanth Seetharaman 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 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 2021 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
Orica Investments Pty Ltd
Subsidiaries
-
Group entities
-
Capital events
-

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

Group entityRelationship% held
Orica Investments Pty Ltd Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 45 · Distress 50
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 27+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Outside liabilities up 1.42 in a year.
4 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence62/100
Review suggested
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 assessment55/100
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 view50/100
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
10 Mar 2025
Last AGM held
Annual general meeting
30 Sep 2024
Latest balance sheet
Filed with ROC
28 Sep 2023
Director ceased
ABHISHEK BISWAS
17 Apr 2023
Director appointed
ABHISHEK BISWAS (Director)
19 Jan 2023
Charge satisfied
Anz Grindlays Bank Limited
30 Sep 2022
Director ceased
RAJENDRA KONIDINA
Director ceased
SEETHARAMAN PRASHANTH
23 Sep 2022
Director appointed
SEETHARAMAN PRASHANTH (Director)
Director appointed
Prashanth Seetharaman (Cfo)
10 Aug 2022
Director appointed
RAJENDRA KONIDINA (Director)
27 Jul 2022
Director ceased
SUNIL KUMAR SHAH
Director ceased
SHAMIK BASURAY
30 Nov 2021
Director ceased
STUART MICHAEL MILLER
30 Sep 2016
Director ceased
RAKESH KUMAR
01 Mar 2016
Director ceased
SANJAY SINGH
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Net worth is positive.
4 active director(s) / partner(s); board looks stable and experienced.
8 active GST registration(s) indicate ongoing business operations.
All 2 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of AA- from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2021 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
Yellowstone Chemicals Private Limited U24290MH2019PTC326617 Mumbai, Maharashtra, India
Dr. Willmar Schwabe India U74899DL1994PTC057707 New Delhi, Delhi, India
Luna Chemical Industries Private Limited U24299DL1997PTC090232 New Delhi, Delhi, India
Atotech India Private Limited U74999HR1996PTC033492 Haryana, Haryana, India
Shivani Detergents U24243MP1995PTC009534 Indore, Madhya Pradesh, India
Dalmia Dsp Limited U26942WB1937PLC009086 Kolkata, West Bengal, India
Maneeshpharma U24230MH1985PLC036952 Mumbai, Maharashtra, India
Astral Adhesives U24295GJ2009PLC058120 Ahmedabad, Gujarat, India
12

Who Uses This Report

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

Verify Orica before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Orica: 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 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 45/100, margin trends, ownership structure and peer set for Orica - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 67/100, distress signals and MSME payment-delay disclosures - know whether Orica pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Orica - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Orica an active company?

Orica has MCA status “Active” with a compliance score of 68/100 (Moderate).

Is Orica financially healthy?

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

Should I do business with Orica?

Its overall Trust Score is 67/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Orica?

The ultimate holding entity is Orica Investments Pty Ltd. 4 active director(s) are on record.

Does Orica have loans or charges against its assets?

No open charges - all 2 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Orica up to date with its ROC filings?

Balance sheet slightly behind (Sep 2024). Overall compliance score: 68/100 (Moderate).

Is it risky to lend to Orica?

Its Credit Risk Score is 55/100 (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.