Madhusudan Electro Circuit Systems Ltd - Due diligence report

A 360° intelligence report on Madhusudan Electro Circuit Systems Ltd: trust score, financial health, credit view, compliance, directors, gro…

1996-04-22 Kolkata, West Bengal Active Unlisted Active Compliant
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Madhusudan Electro Circuit Systems Ltd — 360° Intelligence Report

Generated from MCA filings & public records
77/100
Trust Score
Low Risk

Madhusudan Electro Circuit Systems Ltd is assessed as Low Risk with a Trust Score of 77/100. Madhusudan Electro Circuit Systems Ltd is an active public limited indian non-government company incorporated in 1996, 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 low compliance risk and high financial risk profile.

Report generated on 27 Jul 2026 from the latest processed filings. Madhusudan Electro Circuit Systems Ltd snapshot & full profile →

Financial Health › Weak
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
77/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
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 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: 50/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
ASHISH KIRTANIA 01234567 Director 01/04/2018 6 yrs Approved
SADASIVAN POLAKANDATHIL JANARDHANAN 01234567 Director 01/04/2018 6 yrs Approved
SUNIL KUMAR DAGA 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.
06

Ownership & Group Intelligence

As per FY 2020 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
-

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 60
Growth signals & trust indicators
Operating for 30+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence81/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment60/100
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 record supports lending.
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 11 events
29 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
30 Sep 2022
Director ceased
SADASIVAN POLAKANDATHIL JANARDHANAN
15 Mar 2022
Director appointed
SADASIVAN POLAKANDATHIL JANARDHANAN (Director)
06 Mar 2022
Director ceased
RADHA KISHAN GUPTA
30 Sep 2015
Director ceased
ASHISH KIRTANIA
01 Jul 2014
Director ceased
AMIT DAGA
16 Jun 2014
Director appointed
ASHISH KIRTANIA (Director)
10 Jan 2008
Director ceased
BHAGWAN DAS SHARMA
22 Apr 1996
Incorporated
Registered with Roc Kolkata I
Director appointed
SUNIL KUMAR DAGA (Director)
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
Promoters hold a dominant controlling stake as per the FY 2020 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Emarat Projects Private Limited U45400WB2010PTC148051 Bally Jagachha, West Bengal, India
Rvt Mansun Trading Private Limited U51909DL2003PTC121830 New Delhi, Delhi, India
Aps Buildwell Private Limited U74110DL2009PTC188923 New Delhi, Delhi, India
Zak Rugs Private Limited U52602UR2018PTC008876 Dehradun South, Uttarakhand, India
Belle Optics Pvt Ltd U51900MH1985PTC037579 Mumbai, Maharashtra, India
A B N Enterprise Pvt Ltd U26941WB1996PTC080553 Kolkata, West Bengal, India
Circle Asia(India) Private Limited U15100TN2017PTC115561 Chennai, Tamil Nadu, India
Speaking Herbs U74999DL2013PTC259908 New Delhi, Delhi, India
12

Who Uses This Report

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

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

Company Secretaries (CS)

Track statutory health of Madhusudan Electro Circuit Systems 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 50/100, 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 Madhusudan Electro Circuit Systems Ltd - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 77/100, distress signals and MSME payment-delay disclosures - know whether Madhusudan Electro Circuit Systems Ltd pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Madhusudan Electro Circuit Systems Ltd - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Madhusudan Electro Circuit Systems Ltd an active company?

Madhusudan Electro Circuit Systems Ltd has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Madhusudan Electro Circuit Systems Ltd financially healthy?

Madhusudan Electro Circuit Systems Ltd has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Madhusudan Electro Circuit Systems Ltd?

Its overall Trust Score is 77/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Madhusudan Electro Circuit Systems Ltd?

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

Does Madhusudan Electro Circuit Systems Ltd have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Madhusudan Electro Circuit Systems Ltd up to date with its ROC filings?

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

Is it risky to lend to Madhusudan Electro Circuit Systems Ltd?

Its Credit Risk Score is 50/100 (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.