Man Projects Limited - Due diligence report

A 360° intelligence report on Man Projects Limited: trust score, financial health, credit view, compliance, directors, growth and distress s…

2007-07-14 Mumbai, Maharashtra Amalgamated Unlisted Active Compliant
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Man Projects Limited — 360° Intelligence Report

Generated from MCA filings & public records
51/100
Trust Score
Moderate

Man Projects Limited is assessed as Moderate with a Trust Score of 51/100. Man Projects Limited is a public limited indian non-government company incorporated in 2007, operating in the Engineering 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 high compliance risk and high financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Man Projects Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Caution

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
51/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
23/100
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
90/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
35/100
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: 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 (-) · 6 satisfied (178.79 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 48.0 cr
Standard Chartered Bank1 48.0 cr
Icici Bank Limited2 48.0 cr
Hdfc Bank Limited2 48.0 cr
Compliance Score: 23/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 4 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (4)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
DHARMESH RAJNIKANT SHAH 01234567 Director 01/04/2018 6 yrs Approved
MANAN PARAG SHAH 01234567 Director 01/04/2018 6 yrs Approved
ASHOK MANHARLAL MEHTA 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2022 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
Man Infraconstruction Limited
Subsidiaries
-
Group entities
-
Capital events
-

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

Group entityRelationship% held
Man Infraconstruction Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 35
Growth signals & trust indicators
Operating for 19+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Adverse company status: Amalgamated.
Compliance score is weak (23/100).
4 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence35/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment40/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view43/100
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 15 events
08 Jul 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
07 Aug 2023
Director ceased
ASHOK MANHARLAL MEHTA
01 Dec 2022
Director appointed
ASHOK MANHARLAL MEHTA (Director)
Director ceased
SUKETU RAMESH SHAH
01 Apr 2022
Director ceased
RAM CHANGU THAKUR
18 Feb 2020
Charge satisfied
Others
10 Sep 2019
Director ceased
MANAN PARAG SHAH
04 Mar 2019
Director appointed
MANAN PARAG SHAH (Director)
16 Aug 2017
Director ceased
DHARMESH RAJNIKANT SHAH
Director ceased
SUKETU PRABODH SHAH
24 Jul 2017
Director appointed
DHARMESH RAJNIKANT SHAH (Director)
23 Sep 2016
Director ceased
PARAG KISHORCHANDRA SHAH
29 Jun 2016
Charge created
Others - 160.00 cr
14 May 2016
Director ceased
PARESH RAM THAKUR
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Net worth is positive.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 6 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2022 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Sundum Industries Private Limited U74999DL2017PTC318151 Delhi, Delhi, India
Ellath Infrastructure U45200GA2011PTC006584 Vasco Da Gama, Goa, India
Centwin Constructions Private Limited U45209TN2018PTC124773 Chennai, Tamil Nadu, India
Mattone Infra Private Limited U45400MH2012PTC233391 Nashik, Maharashtra, India
Shantilal B.Patel Construction Private Limited U45201GJ2005PTC045725 Vadodara, Gujarat, India
Rashleela Buildcon Private Limited U45203MP2015PTC034093 Huzur, Madhya Pradesh, India
Hansha Engicon Private Limited U45200BR2016PTC031407 Samastipur, Bihar, India
Priya Buildcon Private Limited U45200KL2011PTC028223 Kozhikode, Kerala, India
12

Who Uses This Report

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

Verify Man Projects Limited before audits and certifications: compliance score 23/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Man Projects 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 50/100, 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 Man Projects Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 51/100, distress signals and MSME payment-delay disclosures - know whether Man Projects Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Man Projects Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Man Projects Limited an active company?

Man Projects Limited has MCA status “Amalgamated” with a compliance score of 23/100 (Caution Indicated).

Is Man Projects Limited financially healthy?

Man Projects Limited has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Man Projects Limited?

Its overall Trust Score is 51/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Man Projects Limited?

The ultimate holding entity is Man Infraconstruction Limited. 3 active director(s) are on record.

Does Man Projects Limited have loans or charges against its assets?

No open charges - all 6 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Man Projects Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 23/100 (Caution Indicated).

Is it risky to lend to Man Projects Limited?

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