Kundan Refinery Private Limited - Due diligence report

A 360° intelligence report on Kundan Refinery: trust score, financial health, credit view, compliance, directors, growth and distress signal…

2019-10-04 New Delhi, Delhi Active Unlisted
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KR Kundan Refinery Private Limited
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  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
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Kundan Refinery — 360° Intelligence Report

Generated from MCA filings & public records
82/100
Trust Score
Low Risk

Kundan Refinery is assessed as Low Risk with a Trust Score of 82/100. Kundan Refinery is an active private limited indian non-government company incorporated in 2019, operating in the Consumer Goods 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 21 Jul 2026 from the latest processed filings. Kundan Refinery Private 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
82/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
64/100
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
80/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
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: 80/100 Low Risk
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 5 open (31.44 cr) · 2 satisfied (27.25 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others2 48.0 cr
Hdfc Bank Limited3 48.0 cr
Axis Bank Limited1 48.0 cr
Canara Bank1 48.0 cr
Compliance Score: 64/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 2 court forum(s).
  • 4 auditor resignation(s) filed - latest: JC BHALLA & CO. on 2023-03-28.
  • 7 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
ANKIT GOYAL 01234567 Director 01/04/2018 6 yrs Approved
Shubham Vishwakarma 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • 3 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2024)
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 2024 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
1
Group entities
1
Capital events
3 allotment(s) · 2 transfer(s)
Group entityRelationship% held
Kundan Concentrates Private Limited Subsidiary Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
Operating for 6 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
5 open charge(s) registered - assets are encumbered.
4 auditor resignation(s) on record - review the stated reasons.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence77/100
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 assessment80/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 5 open charge(s) of 31.44 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view92/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 5 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
23 Feb 2025
Director appointed
Shubham Vishwakarma (Additional Director)
20 Feb 2025
Director ceased
Shubham Vishwakarma
31 Dec 2024
Charge satisfied
Others
10 Dec 2024
Charge created
Others - 25.00 cr
29 Sep 2024
Director ceased
DEEPAK VIDYASAGAR KATIYAR
31 Mar 2024
Latest balance sheet
Filed with ROC
08 Mar 2024
Director ceased
YUDHISTHIR SHARMA
26 Jul 2023
Charge created
Hdfc Bank Limited - 1.00 cr
29 Dec 2022
Charge created
Others - 25.00 cr
29 Nov 2022
Charge satisfied
Canara Bank
24 Nov 2022
Charge created
Axis Bank Limited - 2.60 cr
16 Jun 2022
Charge created
Hdfc Bank Limited - 2.16 cr
21 May 2022
Charge created
Hdfc Bank Limited - 68.74 Lakh
10 Mar 2022
Charge created
Canara Bank - 2.25 cr
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.
2 active director(s) / partner(s); board looks stable and experienced.
7 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
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 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Hella Infra Market U46632MH2016PLC283737 Thane, Maharashtra, India
Rajesh Exports L36911KA1995PLC017077 Bangalore, Karnataka, India
Bajaj Hindusthan Sugar L15420UP1931PLC065243 Lakhimpur Kheri, Uttar Pradesh, India
Wonder Cement U26943RJ2005PLC021205 Kishangarh, Rajasthan, India
Nerolac L24202MH1920PLC000825 Mumbai, Maharashtra, India
Shree Ramkrishna Exports U36912MH2012PTC229115 Mumbai, Maharashtra, India
P. N. Gadgil U36911PN2017PLC173262 Pune, Maharashtra, India
Kiran Gems U36912MH2007PTC174133 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Kundan Refinery before audits and certifications: compliance score 64/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Kundan Refinery: 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 80/100, 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 Kundan Refinery - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 82/100, distress signals and MSME payment-delay disclosures - know whether Kundan Refinery 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 Kundan Refinery - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Kundan Refinery an active company?

Kundan Refinery has MCA status “Active” with a compliance score of 64/100 (Moderate).

Is Kundan Refinery financially healthy?

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

Should I do business with Kundan Refinery?

Its overall Trust Score is 82/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Kundan Refinery?

See the directors and ownership sections above for board and shareholding detail. 2 active director(s) are on record.

Does Kundan Refinery have loans or charges against its assets?

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

Is Kundan Refinery up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 64/100 (Moderate).

Is it risky to lend to Kundan Refinery?

Its Credit Risk Score is 80/100 (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.