Indus Tropics Limited - Due diligence report

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

2003-05-01 Vishakhapatanam, Andhra Pradesh Active Unlisted Active Non-Compliant
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IT Indus Tropics Limited
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Indus Tropics Limited — 360° Intelligence Report

Generated from MCA filings & public records
52/100
Trust Score
Moderate

Indus Tropics Limited is assessed as Moderate with a Trust Score of 52/100. Indus Tropics Limited is an active public limited indian non-government company incorporated in 2003, operating in the Manufacturing sector. It reported a loss 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 23 Jul 2026 from the latest processed filings. Indus Tropics Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Weak

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
52/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
41/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
25/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 25/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 38%).
  • Working-capital cover adequate.

Charges position: 2 open (58.70 cr) · 1 satisfied (16.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 48.0 cr
Corporation Bank1 48.0 cr
Andhra Bank1 48.0 cr
Compliance Score: 41/100 Caution Indicated
  • Company status is Active as per MCA.
  • Marked ACTIVE non-compliant (INC-22A).
  • Last balance sheet is for Mar 2018 - filings overdue.
  • Litigation present in 2 court forum(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
AMRESH CHOUBEY 01234567 Director 01/04/2018 6 yrs Approved
RAJIV MOHAN 01234567 Director 01/04/2018 6 yrs Approved
MATADEEN HAJARILAL SHARMA 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • AMRESH CHOUBEY has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 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 2018 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
-
Capital events
2 allotment(s) · 0 transfer(s)

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 50 · Distress 65
Growth signals & trust indicators
Operating for 23+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
Compliance score is weak (41/100).
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 diligence52/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment30/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 58.70 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view44/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
09 Oct 2020
Director appointed
RAJIV MOHAN (Additional Director)
Director ceased
RAJIV AGARWAL
23 Oct 2018
Director ceased
RONNIE KESIAN RODRIGUES
29 Sep 2018
Last AGM held
Annual general meeting
31 Mar 2018
Latest balance sheet
Filed with ROC
09 Mar 2017
Director ceased
NARESH CHOUHAN
07 Mar 2017
Director ceased
AMRESH CHOUBEY
Director ceased
MATADEEN HAJARILAL SHARMA
02 Feb 2017
Director appointed
AMRESH CHOUBEY (Additional Director)
20 Jan 2017
Director appointed
MATADEEN HAJARILAL SHARMA (Additional Director)
26 Aug 2016
Director ceased
ANSHU DEVI AGARWAL
Director ceased
SUSHILA DEVI AGARWAL
07 Jan 2014
Charge created
Andhra Bank - 2.80 cr
07 Sep 2013
Charge satisfied
Corporation Bank
01 Mar 2013
Director ceased
CHIRANJIV LAL AGARWAL
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
3 active director(s) / partner(s); review board churn before relying on management continuity.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2018 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Epistel Impex Private Limited U74999WB2011PTC165826 Kolkata, West Bengal, India
Pbi Metals Private Limited U27100JK2013PTC003835 Jammu, Jammu & Kashmir, India
Minerva Tradelink Private Limited U51100MH1999PTC120252 Thane, Maharashtra, India
Impetus Marktrade India Private Limited U51900MH1999PTC121191 Mumbai, Maharashtra, India
Varadharaja Foods Private Limited U15130TZ2009PTC015235 Salem, Tamil Nadu, India
Jaithra Exim Private Limited U15316TG2010PTC069655 Hyderabad, Telangana, India
Swati Mining Private Limited U14200WB2007PTC114999 Kolkata, West Bengal, India
Healus India Private Limited U27100MH2011PTC221136 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Indus Tropics Limited before audits and certifications: compliance score 41/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Indus Tropics 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 25/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 50/100, margin trends, ownership structure and peer set for Indus Tropics 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 Indus Tropics 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 Indus Tropics Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Indus Tropics Limited an active company?

Indus Tropics Limited has MCA status “Active” with a compliance score of 41/100 (Caution Indicated).

Is Indus Tropics Limited financially healthy?

Indus Tropics Limited has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Indus Tropics 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 Indus Tropics Limited?

Promoters hold a minority stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Indus Tropics Limited have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.

Is Indus Tropics Limited up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 41/100 (Caution Indicated).

Is it risky to lend to Indus Tropics Limited?

Its Credit Risk Score is 25/100 (Caution Indicated). 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.