Masterware Plast Private Limited - Due diligence report

A 360° intelligence report on Masterware Plast Private Limited: trust score, financial health, credit view, compliance, directors, growth an…

2012-10-30 Ahmedabad, Gujarat Active Unlisted Active Compliant
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Masterware Plast Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
72/100
Trust Score
Moderate

Masterware Plast Private Limited is assessed as Moderate with a Trust Score of 72/100. Masterware Plast Private Limited is an active private limited indian non-government company incorporated in 2012, operating in the Packaging sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and moderate financial risk profile.

Report generated on 14 Oct 2026 from the latest processed filings. Masterware Plast Private Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Strong
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
72/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
55/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
30/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 30/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Profitable - internal accruals available.

Charges position: 7 open (1.63 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Others6 48.0 cr
Oriental Bank Of Commerce1 48.0 cr
Compliance Score: 68/100 Moderate
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2021 - filings overdue.
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
ANOOSHA RAMASWAMY DARVIN 01234567 Director 01/04/2018 6 yrs Approved
ROOPESHWAR RAMASWAMI DARVIN 01234567 Director 01/04/2018 6 yrs Approved
TIRUMARUTI SATISHKUMAR MUDALIAR 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.
Director & KMP remuneration (FY 2017)
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 2019 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
2 allotment(s) · 0 transfer(s)

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 85 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
Operating for 13+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
7 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence68/100
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 assessment47/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 7 open charge(s) of 1.63 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view71/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
29 Jul 2022
Charge created
Others - 4.95 Lakh
Charge created
Others - 7.21 Lakh
30 Nov 2021
Last AGM held
Annual general meeting
31 Mar 2021
Latest balance sheet
Filed with ROC
01 Jul 2020
Charge created
Others - 14.00 Lakh
07 Feb 2018
Charge created
Others - 36.29 Lakh
07 Jan 2017
Charge created
Others - 10.50 Lakh
14 May 2015
Securities allotted
30000 Equity Shares Without Differential Rights - 3.00 Lakh raised
17 Apr 2015
Securities allotted
60000 Equity Shares Without Differential Rights - 6.00 Lakh raised
11 Oct 2014
Charge created
Oriental Bank Of Commerce - 25.00 Lakh
15 May 2013
Charge created
Others - 65.00 Lakh
25 Jan 2013
Director appointed
ANOOSHA RAMASWAMY DARVIN (Director)
30 Oct 2012
Incorporated
Registered with Roc Ahmedabad
Director appointed
ROOPESHWAR RAMASWAMI DARVIN (Director)
Director appointed
TIRUMARUTI SATISHKUMAR MUDALIAR (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - leverage worth monitoring.
Net worth is positive.
3 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 2019 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Shivam Inframaterials Private Limited U51909GJ2013PTC076615 Ahmedabad, Gujarat
Kelwin Sales Private Limited U29268GJ2006PTC048672 Ahmedabad, Gujarat
Shravik Jewels Private Limited U36911GJ2022PTC134785 Ahmedabad, Gujarat
Armour Engineers Private Limited U74200GJ2008PTC053813 Ahmedabad, Gujarat
Exorcism Esports Private Limited U93120GJ2023PTC142181 Ahmedabad, Gujarat
Darma Colours Private Limited U24110GJ2009PTC059021 Ahmedabad, Gujarat
Hexapack Machinery Private Limited U28290GJ2025PTC159237 Ahmedabad, Gujarat
Harivansh Enterprises (Opc) Private Limited U82990GJ2023OPC143874 Ahmedabad, Gujarat
MOKAZO MALAV CLOTHING LLP ACB-6402 Ahmedabad, Gujarat
Aspiron Overseas Private Limited U46497GJ2024PTC154260 Ahmedabad, Gujarat
12

Who Uses This Report

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

Verify Masterware Plast Private Limited before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Masterware Plast Private 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 30/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 85/100, margin trends, ownership structure and peer set for Masterware Plast Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 72/100, distress signals and MSME payment-delay disclosures - know whether Masterware Plast Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Masterware Plast Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Masterware Plast Private Limited an active company?

Masterware Plast Private Limited has MCA status “Active” with a compliance score of 68/100 (Moderate).

Is Masterware Plast Private Limited financially healthy?

Masterware Plast Private Limited has a Financial Health Score of 55/100 (Moderate) based on its filed financial statements.

Should I do business with Masterware Plast Private Limited?

Its overall Trust Score is 72/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Masterware Plast Private Limited?

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

Does Masterware Plast Private Limited have loans or charges against its assets?

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

Is Masterware Plast Private Limited up to date with its ROC filings?

Last balance sheet is for Mar 2021 - filings overdue. Overall compliance score: 68/100 (Moderate).

Is it risky to lend to Masterware Plast Private Limited?

Its Credit Risk Score is 30/100 (Caution Indicated). 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.