Manan Apparels Limited - Due diligence report

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

2005-08-22 Mumbai, Maharashtra Under Liquidation Unlisted Active Compliant
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MA Manan Apparels Limited
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Manan Apparels Limited — 360° Intelligence Report

Generated from MCA filings & public records
58/100
Trust Score
Moderate

Manan Apparels Limited is assessed as Moderate with a Trust Score of 58/100. Manan Apparels Limited is a public limited indian non-government company incorporated in 2005, operating in the Fashion and Textile 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 high compliance risk and moderate financial risk profile.

Report generated on 09 Aug 2026 from the latest processed filings. Manan Apparels Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Weak

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
58/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
30/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
60/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
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
40/100
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: 35/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 1 open (20.57 cr) · 5 satisfied (16.46 cr).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India1 48.0 cr
Canara Bank3 48.0 cr
Others2 48.0 cr
Compliance Score: 30/100 Caution Indicated
  • Company status is "Under Liquidation" - not Active.
  • Last balance sheet is for Mar 2023 - filings overdue.
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
SAMPAT YASWANT JADHAV 01234567 Director 01/04/2018 6 yrs Approved
KAMAL KUMAR JAIN 01234567 Director 01/04/2018 6 yrs Approved
SHIVANI GOGIA 01234567 Director 01/04/2018 6 yrs Approved
SANJEEV KUMAR GOGIA 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 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
5 allotment(s) · 0 transfer(s)

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

Key managerial personnel: SANJEEV KUMAR GOGIA (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 40
Growth signals & trust indicators
Operating for 20+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
Adverse company status: Under Liquidation.
Compliance score is weak (30/100).
1 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence41/100
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 assessment41/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 20.57 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view52/100
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
26 Sep 2024
Director appointed
KAMAL KUMAR JAIN (IRP/RP/Liquidator)
Director ceased
REKHA KANTILAL SHAH
28 Jul 2023
Director appointed
SAMPAT YASWANT JADHAV (Additional Director)
24 Jul 2023
Last AGM held
Annual general meeting
01 Jul 2023
Director ceased
RAMAN KHOKHAR
Director ceased
HIMANSHU
Director ceased
PRITI AGARWAL
31 Mar 2023
Latest balance sheet
Filed with ROC
17 Feb 2023
Charge satisfied
Others
14 Oct 2022
Charge satisfied
Others
13 Mar 2021
Securities allotted
233000 Equity Shares - 23.30 Lakh raised
02 Jan 2021
Charge satisfied
Canara Bank
28 Sep 2020
Charge created
Others - 85.00 Lakh
02 Jun 2020
Charge satisfied
Canara Bank
16 Dec 2019
Charge created
State Bank Of India - 20.57 cr
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
4 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
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 5 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Barvaliya Weaves Private Limited U17200GJ2014PTC080749 Surat, Gujarat, India
Vsb Vasttram Private Limited U70100WB2012PTC177531 Kolkata, West Bengal, India
Grafax Textiles Private Limited U18101DL2007PTC158332 New Delhi, Delhi, India
Bachhraj Trading Corporation Private Limited U18101RJ2014PTC045410 Jodhpur, Rajasthan, India
Surya Collection Private Limited U18209BR2016PTC032936 Patna, Bihar, India
Pakkar Leather Exports Private Limited U19100TN2020PTC137144 Chennai, Tamil Nadu, India
Shree Jagdamba Textiles Private Limited U17119GJ1975PTC002850 Ahmedabad, Gujarat, India
Shubh Fabrics Limited U17124RJ1993PLC007450 C, Rajasthan, India
12

Who Uses This Report

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

Verify Manan Apparels Limited before audits and certifications: compliance score 30/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Manan Apparels 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 35/100, 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 Manan Apparels Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 58/100, distress signals and MSME payment-delay disclosures - know whether Manan Apparels 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 Manan Apparels Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Manan Apparels Limited an active company?

Manan Apparels Limited has MCA status “Under Liquidation” with a compliance score of 30/100 (Caution Indicated).

Is Manan Apparels Limited financially healthy?

Manan Apparels Limited has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.

Should I do business with Manan Apparels Limited?

Its overall Trust Score is 58/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Manan Apparels Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 4 active director(s) are on record.

Does Manan Apparels Limited have loans or charges against its assets?

1 open charge(s) are registered against its assets, and 5 earlier charge(s) stand satisfied.

Is Manan Apparels Limited up to date with its ROC filings?

Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 30/100 (Caution Indicated).

Is it risky to lend to Manan Apparels Limited?

Its Credit Risk Score is 35/100 (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.