Iris Clothings Limited - Due diligence report

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

2011-08-27 Howrah, West Bengal Active Listed Active Compliant
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IC Iris Clothings Limited
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Iris Clothings — 360° Intelligence Report

Generated from MCA filings & public records
83/100
Trust Score
Low Risk

Iris Clothings is assessed as Low Risk with a Trust Score of 83/100. Iris Clothings is an active public limited indian non-government company incorporated in 2011, operating in the Fashion and Textile 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 24 Jul 2026 from the latest processed filings. Iris Clothings Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
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 ScoreLow Risk
83/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
56/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
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.

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: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (BB+).

Charges position: 1 open (40.00 cr) · 6 satisfied (50.10 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Axis Bank Limited1 48.0 cr
Hdfc Bank Limited1 48.0 cr
Standard Chartered Bank2 48.0 cr
Allahabad Bank1 48.0 cr
West Bengal Financial Corporation1 48.0 cr
Others1 48.0 cr
Compliance Score: 56/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 2 court forum(s).
  • 1 auditor resignation(s) filed - latest: R. RATHI & CO. on 2018-07-26.
  • Delayed payments to MSME suppliers disclosed (109 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SWETA AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
MANOJ TULSYAN 01234567 Director 01/04/2018 6 yrs Approved
Niraj Agarwal 01234567 Director 01/04/2018 6 yrs Approved
SWETA AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
NIKHIL SARAF 01234567 Director 01/04/2018 6 yrs Approved
BALDEV DAS LADHA 01234567 Director 01/04/2018 6 yrs Approved
SANJAY JAIN 01234567 Director 01/04/2018 6 yrs Approved
GEETA LADHA 01234567 Director 01/04/2018 6 yrs Approved
SANTOSH LADHA 01234567 Director 01/04/2018 6 yrs Approved
  • 9 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
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 2025 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
1 allotment(s) · 0 transfer(s)

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

Key managerial personnel: Niraj Agarwal (CFO) · GEETA LADHA (Whole-time director) · SANTOSH LADHA (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Operating for 14+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (56/100).
1 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 3.58 cr.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence74/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment85/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 40.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view92/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
06 Nov 2025
Director appointed
SANJAY JAIN (Additional Director)
16 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
02 Mar 2023
Director ceased
VRANDA MANISH RATHI
10 Oct 2022
Director ceased
SAVLI PRABHAKAR MANGLE
18 Oct 2021
Charge satisfied
Hdfc Bank Limited
13 Jan 2021
Charge satisfied
Others
16 Dec 2020
Director ceased
MANOJ TULSYAN
02 Dec 2020
Charge satisfied
Standard Chartered Bank
15 Oct 2020
Director appointed
MANOJ TULSYAN (Director)
29 Feb 2020
Charge created
Hdfc Bank Limited - 24.74 cr
10 Jan 2020
Director ceased
RAJESH KUMAR RATHI
31 Aug 2019
Director ceased
NIKHIL SARAF
28 Jun 2019
Charge created
Others - 2.35 cr
22 Apr 2019
Director appointed
NIKHIL SARAF (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
9 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BB+ from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Bestknittingmills U17120MH2011PTC219617 Bhiwandi, Maharashtra, India
Shailja Texprints Private Limited U17110GJ1997PTC033045 Surat, Gujarat, India
Sree Astalaxmi Spinning Mills Private Limited U17111TG2001PTC037019 Adilabad, Telangana, India
Sona Textiles Private Limited U17124RJ1986PTC003648 Bhilwara, Rajasthan, India
Adwaith Lakshmi Industries Private Limited U27109TZ1991PTC003510 Tamilnadu, Tamil Nadu, India
King Yarns Private Limited U17100GJ2015PTC083532 Surat, Gujarat, India
Sumatispintex U17120MH2013PTC241489 Mumbai, Maharashtra, India
Swastik Polyprints Private Limited U17111GJ2004PTC043578 Chorasi, Gujarat, India
12

Who Uses This Report

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

Verify Iris Clothings before audits and certifications: compliance score 56/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Iris Clothings: 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: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Iris Clothings - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 83/100, distress signals and MSME payment-delay disclosures - know whether Iris Clothings 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 Iris Clothings - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Iris Clothings an active company?

Iris Clothings has MCA status “Active” with a compliance score of 56/100 (Moderate).

Is Iris Clothings financially healthy?

Iris Clothings has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Iris Clothings?

Its overall Trust Score is 83/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Iris Clothings?

Promoters hold a minority stake - exact percentages are in the full report. 9 active director(s) are on record.

Does Iris Clothings have loans or charges against its assets?

1 open charge(s) are registered against its assets, and 6 earlier charge(s) stand satisfied.

Is Iris Clothings up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 56/100 (Moderate).

Is it risky to lend to Iris Clothings?

Its Credit Risk Score is 95/100 (Low Risk). Banker verdict: Favourable lending indicators.

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.