Maheshwari Polyspin Limited - Due diligence report

A 360° intelligence report on Maheshwari Polyspin Limited: trust score, financial health, credit view, compliance, directors, growth and dis…

2004-09-29 Mumbai, Maharashtra Active Unlisted Active Compliant
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Maheshwari Polyspin Limited — 360° Intelligence Report

Generated from MCA filings & public records
55/100
Trust Score
Moderate

Maheshwari Polyspin Limited is assessed as Moderate with a Trust Score of 55/100. Maheshwari Polyspin Limited is an active public limited indian non-government company incorporated in 2004, operating in the Home & Lifestyle 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 moderate compliance risk and high financial risk profile.

Report generated on 16 Aug 2026 from the latest processed filings. Maheshwari Polyspin Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Good
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 ScoreModerate
55/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
56/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
10/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
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
55/100
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: 40/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.

Charges position: 5 open (1.72 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Gujrat Industrial Investment Corporation Ltd1 48.0 cr
Bank Of Baroda3 48.0 cr
Asset Recovery Management1 48.0 cr
Compliance Score: 56/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: DRT.
  • Litigation present in 2 court forum(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
VIMAL MAHESHWARI 01234567 Director 01/04/2018 6 yrs Approved
PRAKASH MAHESHWARI 01234567 Director 01/04/2018 6 yrs Approved
CHETAN BHAWSAR 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 2018 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 minority stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 55
Growth signals & trust indicators
Operating for 21+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
Compliance score is weak (56/100).
5 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 diligence55/100
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 assessment35/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 5 open charge(s) of 1.72 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view33/100
Limited indicators at present
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 14 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
28 Sep 2018
Director ceased
CHETAN BHAWSAR
01 Aug 2017
Director ceased
DINESH MAHESHWARI
25 Jul 2017
Director appointed
CHETAN BHAWSAR (Director)
30 Sep 2016
Director appointed
PRAKASH MAHESHWARI (Director)
03 Aug 2016
Director ceased
GIRISH ACHARTLAL SHAH
10 Jan 2007
Director appointed
VIMAL MAHESHWARI (Director)
29 Sep 2004
Incorporated
Registered with Roc Mumbai I
02 May 1994
Charge created
Bank Of Baroda - 15.00 Lakh
23 Apr 1994
Charge created
Asset Recovery Management - 10.00 Lakh
16 Dec 1992
Charge created
Bank Of Baroda - 32.00 Lakh
16 Nov 1992
Charge created
Bank Of Baroda - 25.00 Lakh
25 May 1990
Charge created
Gujrat Industrial Investment Corporation Ltd - 90.00 Lakh
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
3 active director(s) / partner(s); board looks stable and experienced.
Promoters hold a minority stake as per the FY 2018 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Seema Fabtech Pvt. Ltd. U18101DL2006PTC149444 Vasant Kunj, Delhi, India
Ms Tradex (India) Llp AAM-5295 New Delhi, Delhi, India
Shri Neeb Karori Enterprises Private Limited U15122UP2011PTC048004 Lucknow, Uttar Pradesh, India
Ruchi Merchandise Private Limited U52110WB1996PTC082410 Kolkata, West Bengal, India
Aa Plus Infotech Private Limited U72200WB2009PTC138545 Kolkata, West Bengal, India
Rajarshi Electronics Appliances And Leasing Pvt Ltd U29308GJ1983PTC006547 Ahmedabad, Gujarat, India
P.Venkatraman Properties Private Limited U70102TZ2007PTC013487 Erode, Tamil Nadu, India
Manas Vincom Private Limited U74900WB2010PTC148753 Kolkata, West Bengal, India
12

Who Uses This Report

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

Verify Maheshwari Polyspin Limited before audits and certifications: compliance score 56/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Maheshwari Polyspin Limited: 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: Enhanced diligence advised. Credit risk score 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Maheshwari Polyspin Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 55/100, distress signals and MSME payment-delay disclosures - know whether Maheshwari Polyspin Limited 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 Maheshwari Polyspin Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Maheshwari Polyspin Limited an active company?

Maheshwari Polyspin Limited has MCA status “Active” with a compliance score of 56/100 (Moderate).

Is Maheshwari Polyspin Limited financially healthy?

Maheshwari Polyspin Limited has a Financial Health Score of 10/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Maheshwari Polyspin Limited?

Its overall Trust Score is 55/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Maheshwari Polyspin Limited?

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

Does Maheshwari Polyspin Limited have loans or charges against its assets?

5 open charge(s) are registered against its assets.

Is Maheshwari Polyspin Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 56/100 (Moderate).

Is it risky to lend to Maheshwari Polyspin Limited?

Its Credit Risk Score is 40/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

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.