Itaca Ceramics - Due diligence report

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

2009-12-14 Lalpar, Gujarat Active Unlisted Active Compliant
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Itaca Ceramics — 360° Intelligence Report

Generated from MCA filings & public records
79/100
Trust Score
Low Risk

Itaca Ceramics is assessed as Low Risk with a Trust Score of 79/100. Itaca Ceramics is an active private limited indian non-government company incorporated in 2009, operating in the Manufacturing 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 moderate financial risk profile.

Report generated on 07 Oct 2026 from the latest processed filings. Itaca Ceramic Private Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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
79/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
73/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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: 65/100 Moderate
  • Profitable - internal accruals available.

Charges position: 2 open (22.00 cr) · 2 satisfied (27.69 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others3 48.0 cr
State Bank Of India1 48.0 cr
Compliance Score: 73/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2025).
  • Litigation present in 1 court forum(s).
  • Delayed payments to MSME suppliers disclosed (115 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
KHIMJIBHAI VASHRAMBHAI AMRITIYA 01234567 Director 01/04/2018 6 yrs Approved
ASHOKBHAI JERAMBHAI SAVSANI 01234567 Director 01/04/2018 6 yrs Approved
HITENDRAKUMAR VASHARAMBHAI AMRUTIYA 01234567 Director 01/04/2018 6 yrs Approved
KIRAN SHAMJIBHAI AMRUTIYA 01234567 Director 01/04/2018 6 yrs Approved
SHAMJIBHAI VASHRAMBHAI PATEL 01234567 Director 01/04/2018 6 yrs Approved
MANSUKHBHAI JERAMBHAI SAVSANI 01234567 Director 01/04/2018 6 yrs Approved
PUNIT MANSUKHBHAI SAVSANI 01234567 Director 01/04/2018 6 yrs Approved
MAYURBHAI MANSUKHBHAI SAVSANI 01234567 Director 01/04/2018 6 yrs Approved
HIREN SHAMJIBHAI AMRUTIYA 01234567 Director 01/04/2018 6 yrs Approved
GAUTAMKUMAR MANSUKHBHAI SAVSANI 01234567 Director 01/04/2018 6 yrs Approved
  • 10 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
2 allotment(s) · 1 transfer(s)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 75 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Net margin improved to 1.42.
Operating for 16+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
2 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 88.08 Lakh.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence75/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment67/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 22.00 cr already registered.
  • Compliance record supports lending.
Investor view72/100
Positive growth 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 15 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
02 Nov 2022
Charge satisfied
Others
21 Jun 2022
Charge created
Others - 20.00 cr
03 Aug 2021
Charge created
Others - 2.00 cr
31 Mar 2020
Share transfer (FY 2020)
42500.00000000 shares to HITENDRAKUMAR V. AMRUTIYA
10 Oct 2012
Director appointed
KIRAN SHAMJIBHAI AMRUTIYA (Director)
Director appointed
SHAMJIBHAI VASHRAMBHAI PATEL (Director)
Director appointed
MANSUKHBHAI JERAMBHAI SAVSANI (Director)
Director appointed
MAYURBHAI MANSUKHBHAI SAVSANI (Director)
Director appointed
HIREN SHAMJIBHAI AMRUTIYA (Director)
Director appointed
GAUTAMKUMAR MANSUKHBHAI SAVSANI (Director)
Director ceased
GANESHBHAI MOHANBHAI PANARA
Director ceased
MANISH PRANJIVANBHAI KASUNDRA
Director ceased
BHARAT DEVJIBHAI MERAJA
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
10 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
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
CASILLA PRINTPACK LLP AAT-9631 Rajkot, Gujarat
PLOVA TILES LLP AAV-3155 Rajkot, Gujarat
WIN-TEL SURFACES LLP AAV-6245 Rajkot, Gujarat
KRISHIV POLYPACK LLP AAP-9425 Rajkot, Gujarat
Pawan Formalin Private Limited U24233GJ2013PTC077054 Rajkot, Gujarat
NEUBRIVA CERAMICA LLP ACC-8514 Rajkot, Gujarat
GEOLIKE SANITARYWARE LLP AAV-8826 Rajkot, Gujarat
Shipra Ceramic Private Limited U26999GJ2016PTC094380 Rajkot, Gujarat
U-CON CERAMICA LLP AAV-3828 Rajkot, Gujarat
Jaydeep Tiles Private Limited U26933GJ1995PTC027485 Rajkot, Gujarat
12

Who Uses This Report

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

Verify Itaca Ceramics before audits and certifications: compliance score 73/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Itaca Ceramics: 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 65/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Itaca Ceramics - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 79/100, distress signals and MSME payment-delay disclosures - know whether Itaca Ceramics 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 Itaca Ceramics - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Itaca Ceramics an active company?

Itaca Ceramics has MCA status “Active” with a compliance score of 73/100 (Moderate).

Is Itaca Ceramics financially healthy?

Itaca Ceramics has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.

Should I do business with Itaca Ceramics?

Its overall Trust Score is 79/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Itaca Ceramics?

See the directors and ownership sections above for board and shareholding detail. 10 active director(s) are on record.

Does Itaca Ceramics have loans or charges against its assets?

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

Is Itaca Ceramics up to date with its ROC filings?

Balance sheet slightly behind (Mar 2025). Overall compliance score: 73/100 (Moderate).

Is it risky to lend to Itaca Ceramics?

Its Credit Risk Score is 65/100 (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.