Kadvani Forge Ltd - Due diligence report

A 360° intelligence report on Kadvani Forge Ltd: trust score, financial health, credit view, compliance, directors, growth and distress sign…

1995-08-01 Rajkot, Gujarat Active Unlisted Active Compliant
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Kadvani Forge Ltd — 360° Intelligence Report

Generated from MCA filings & public records
61/100
Trust Score
Moderate

Kadvani Forge Ltd is assessed as Moderate with a Trust Score of 61/100. Kadvani Forge Ltd is an active public limited indian non-government company incorporated in 1995, operating in the Machinery and Equipment 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 high compliance risk and moderate financial risk profile.

Report generated on 11 Jul 2026 from the latest processed filings. Kadvani Forge Ltd snapshot & full profile →

Financial Health › Neutral
Overall Assessment CautionWeakNeutralGoodStrong Good
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
61/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
38/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
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 ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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: 65/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.
  • Externally credit-rated (B).

Charges position: 0 open (-) · 11 satisfied (233.25 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Union Bank Of India2 48.0 cr
State Bank Of India2 48.0 cr
The Cosmos Co-Operative Bank Limited1 48.0 cr
Kotak Mahindra Bank Limited1 48.0 cr
Bank Of India2 48.0 cr
Idbi Bank Limited1 48.0 cr
Compliance Score: 38/100 Caution Indicated
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Flagged by authority: EPFO.
  • Litigation present in 3 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
BHUMIKABEN HIMANSHU DHADUK 01234567 Director 01/04/2018 6 yrs Approved
HIMANSHU VITHALBHAI DHADUK 01234567 Director 01/04/2018 6 yrs Approved
ATUL VITTHALBHAI DHADUK 01234567 Director 01/04/2018 6 yrs Approved
  • 3 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 2018)
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 2023 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
0 allotment(s) · 5 transfer(s)

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

Key managerial personnel: HIMANSHU VITHALBHAI DHADUK (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 60
Growth signals & trust indicators
Operating for 30+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Compliance score is weak (38/100).
3 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 assessment54/100
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 view49/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
31 Mar 2022
Share transfer (FY 2022)
348100.00000000 shares to PUJABEN DHADUK
Share transfer (FY 2022)
348700.00000000 shares to NANUBHAI DHADUK
Share transfer (FY 2022)
1090200.00000000 shares to HIMANSHU V. DHADUK
Share transfer (FY 2022)
349400.00000000 shares to RAMNIKBHAI M. PANSURIYA
Share transfer (FY 2022)
224700.00000000 shares to BHANUBEN DHADUK
01 Feb 2019
Director appointed
BHUMIKABEN HIMANSHU DHADUK (Director)
Director ceased
VITHALBHAI LAVJIBHAI DHADUK
28 Mar 2018
Charge satisfied
Kotak Mahindra Bank Limited
30 Sep 2016
Director ceased
ATUL VITTHALBHAI DHADUK
05 Sep 2016
Director ceased
UTPAL SAVALIA BATUKBHAI
16 Jun 2016
Director appointed
ATUL VITTHALBHAI DHADUK (Director)
01 Dec 2015
Charge satisfied
Bank Of India
13 Dec 2012
Charge created
Kotak Mahindra Bank Limited - 39.00 cr
10

Key Observations

Auto-generated from the data above
Revenue declined 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 - manageable leverage.
Net worth is positive.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 11 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of B from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 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
Avanti Metals Private Limited U15499TN1996PTC036060 Mayiladuthurai, Tamil Nadu, India
Kpr International Private Limited. U51900DL2008PTC172966 Delhi, Delhi, India
Easy Multimetals Private Limited U67190MH1996PTC103226 Palghar, Maharashtra, India
Black Copper India Private Limited U31909RJ2022PTC079687 Jodhpur, Rajasthan, India
Zinc-Al Cast Private Limited U27300PN2021PTC204787 Pune, Maharashtra, India
Inertia Aluminium Private Limited U28999DL2022PTC405713 New Delhi, Delhi, India
Essdee U24109WB2004PLC170941 Park Circus, West Bengal, India
R.K.Structures Private Limited U27106CT1996PTC010876 Raipur, Chattisgarh, India
12

Who Uses This Report

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

Verify Kadvani Forge Ltd before audits and certifications: compliance score 38/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Kadvani Forge Ltd: 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: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Kadvani Forge Ltd - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 61/100, distress signals and MSME payment-delay disclosures - know whether Kadvani Forge Ltd pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Kadvani Forge Ltd - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Kadvani Forge Ltd an active company?

Kadvani Forge Ltd has MCA status “Active” with a compliance score of 38/100 (Caution Indicated).

Is Kadvani Forge Ltd financially healthy?

Kadvani Forge Ltd has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.

Should I do business with Kadvani Forge Ltd?

Its overall Trust Score is 61/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Kadvani Forge Ltd?

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

Does Kadvani Forge Ltd have loans or charges against its assets?

No open charges - all 11 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Kadvani Forge Ltd up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 38/100 (Caution Indicated).

Is it risky to lend to Kadvani Forge Ltd?

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.