Maithan Advanced Materials Limited - Due diligence report

A 360° intelligence report on Maithan Advanced Materials Limited: trust score, financial health, credit view, compliance, directors, growth …

2019-10-30 Kolkata, West Bengal Active Unlisted Active Compliant
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MA Maithan Advanced Materials Limited
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Maithan Advanced Materials Limited — 360° Intelligence Report

Generated from MCA filings & public records
76/100
Trust Score
Low Risk

Maithan Advanced Materials Limited is assessed as Low Risk with a Trust Score of 76/100. Maithan Advanced Materials Limited is an active public limited indian non-government company incorporated in 2019, operating in the Manufacturing sector. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.

Report generated on 16 Aug 2026 from the latest processed filings. Maithan Advanced Materials Limited snapshot & full profile →

Financial Health › Neutral
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
76/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 4 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).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 75/100
NameDIN / PANDesignationAppointedTenureDIN status
ADITYA AGARWALLA 01234567 Director 01/04/2018 6 yrs Approved
AYUSHI KHAITAN 01234567 Director 01/04/2018 6 yrs Approved
VEDANT AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
ASHOK KUMAR SIPANI 01234567 Director 01/04/2018 6 yrs Approved
Sanchita Rameka 01234567 Director 01/04/2018 6 yrs Approved
Nisha Rathi 01234567 Director 01/04/2018 6 yrs Approved
  • 6 directors on the board.
  • No disqualified or deactivated DINs.
  • 7 director exits in 3 years - high churn.
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
Maithan Ceramic Ltd
Subsidiaries
-
Group entities
-
Capital events
-

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

Group entityRelationship% held
Maithan Ceramic Ltd Holding Company 74.00%

Key managerial personnel: ADITYA AGARWALLA (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 50 · Distress 65
Growth signals & trust indicators
Operating for 6 years.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
6 director exits within 2 years.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence82/100
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 assessment62/100
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 view56/100
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 2025
Last AGM held
Annual general meeting
29 Sep 2025
Director ceased
AYUSHI KHAITAN
Director ceased
VEDANT AGARWAL
Director ceased
Sanchita Rameka
11 Aug 2025
Director ceased
ADITYA AGARWALLA
29 Jul 2025
Director appointed
Nisha Rathi (Company Secretary)
09 May 2025
Director appointed
AYUSHI KHAITAN (Director)
Director appointed
Sanchita Rameka (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
17 Oct 2024
Director appointed
VEDANT AGARWAL (Director)
Director ceased
VISHAL AGARWALLA
29 Sep 2024
Director ceased
ASHOK KUMAR SIPANI
12 Oct 2023
Director appointed
ASHOK KUMAR SIPANI (Director)
Director ceased
JAGDISH PRASAD AGARWALLA
30 Oct 2019
Incorporated
Registered with Roc Kolkata I
10

Key Observations

Auto-generated from the data above
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
6 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
2 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
Peer companies will appear here as our matching engine processes this industry.
12

Who Uses This Report

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

Verify Maithan Advanced Materials Limited 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 Maithan Advanced Materials 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: 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 50/100, margin trends, ownership structure and peer set for Maithan Advanced Materials Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 76/100, distress signals and MSME payment-delay disclosures - know whether Maithan Advanced Materials Limited 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 Maithan Advanced Materials Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Maithan Advanced Materials Limited an active company?

Maithan Advanced Materials Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Maithan Advanced Materials Limited financially healthy?

Maithan Advanced Materials Limited has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.

Should I do business with Maithan Advanced Materials Limited?

Its overall Trust Score is 76/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Maithan Advanced Materials Limited?

The ultimate holding entity is Maithan Ceramic Ltd. 6 active director(s) are on record.

Does Maithan Advanced Materials Limited have loans or charges against its assets?

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

Is Maithan Advanced Materials Limited 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 Maithan Advanced Materials Limited?

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.