M K Aircon Systems Private Limited - Due diligence report

A 360° intelligence report on Mk Aircon Systems: trust score, financial health, credit view, compliance, directors, growth and distress sign…

2003-02-17 Ahmedabad, Gujarat Active Unlisted Active Compliant
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MK M K Aircon Systems Private Limited
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Mk Aircon Systems — 360° Intelligence Report

Generated from MCA filings & public records
90/100
Trust Score
Low Risk

Mk Aircon Systems is assessed as Low Risk with a Trust Score of 90/100. Mk Aircon Systems is an active private limited indian non-government company incorporated in 2003, operating in the Engineering sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.

Report generated on 08 Jul 2026 from the latest processed filings. M K Aircon Systems Private Limited snapshot & full profile →

Financial Health › Strong
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
90/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
86/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
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 ScoreLow Risk
80/100
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: 50/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (BB-).

Charges position: 2 open (11.01 cr) · 3 satisfied (8.65 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Axis Bank Limited1 48.0 cr
Others2 48.0 cr
Union Bank Of India2 48.0 cr
Compliance Score: 86/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 2 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
DHIRENDRA NAVINCHANDRA SHUKLA 01234567 Director 01/04/2018 6 yrs Approved
BHAVNA DHIRENDRA SHUKLA 01234567 Director 01/04/2018 6 yrs Approved
  • 2 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 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
2 allotment(s) · 0 transfer(s)

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 80
Growth signals & trust indicators
Operating for 23+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Profit declined two years in a row.
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 diligence85/100
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 assessment71/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 11.01 cr already registered.
  • Compliance record supports lending.
Investor view70/100
Positive growth 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 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
11 Nov 2019
Securities allotted
10000 Equity Shares - 35.00 Lakh raised
30 Sep 2019
Director ceased
BHAVNA DHIRENDRA SHUKLA
31 Mar 2019
Director ceased
GIRISHBHAI KESHAVLAL PATEL
Director ceased
NAGINKUMAR GORDHANDAS PATEL
25 Feb 2019
Director appointed
BHAVNA DHIRENDRA SHUKLA (Director)
05 Mar 2018
Charge satisfied
Union Bank Of India
Charge satisfied
Others
20 Feb 2018
Charge created
Axis Bank Limited - 10.96 cr
12 Apr 2017
Charge created
Others - 4.92 Lakh
27 Jul 2013
Charge created
Union Bank Of India - 1.50 cr
03 Feb 2011
Charge satisfied
Union Bank Of India
17 Mar 2009
Charge created
Others - 7.00 cr
14 Dec 2007
Charge created
Union Bank Of India - 15.00 Lakh
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 - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
2 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 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.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Npr Finance L65921WB1989PLC047091 Saltlake, West Bengal, India
Kwality Air-Tech Engineering Private Limited U29190MH2006PTC160580 Mumbai-400081., Maharashtra, India
Servicool Private Limited U74900PN2021PTC206652 Pune, Maharashtra, India
Rao & Co Hvac Sales & Services Private Limited U74900KA2015PTC080055 Bangalore, Karnataka, India
Airofrost Hvac Systems Private Limited U74990MH2009PTC193781 Mumbai, Maharashtra, India
Five Elements Resources Private Limited U74999UP2017PTC093371 Ghaziabad, Uttar Pradesh, India
Unikelvin Ventures Private Limited U74999KA2018PTC111929 Bangalore South, Karnataka, India
Alfa Coils & Condensers Private Limited U74999DL2018PTC327824 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Mk Aircon Systems before audits and certifications: compliance score 86/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Mk Aircon Systems: 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 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 40/100, margin trends, ownership structure and peer set for Mk Aircon Systems - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 90/100, distress signals and MSME payment-delay disclosures - know whether Mk Aircon Systems 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 Mk Aircon Systems - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Mk Aircon Systems an active company?

Mk Aircon Systems has MCA status “Active” with a compliance score of 86/100 (Low Risk).

Is Mk Aircon Systems financially healthy?

Mk Aircon Systems has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Mk Aircon Systems?

Its overall Trust Score is 90/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Mk Aircon Systems?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 2 active director(s) are on record.

Does Mk Aircon Systems have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 3 earlier charge(s) stand satisfied.

Is Mk Aircon Systems up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 86/100 (Low Risk).

Is it risky to lend to Mk Aircon Systems?

Its Credit Risk Score is 50/100 (Moderate). 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.