Promoter holding
64.27%
MH
Max Hypermarket India Private Limited - Due diligence report
A 360° intelligence report on Spar: trust score, financial health, credit view, compliance, directors, growth and distress signals - generat…
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Spar — 360° Intelligence Report
Generated from MCA filings & public records69/100
Trust Score
Moderate
Spar is assessed as Moderate with a Trust Score of 69/100. Spar is an active private limited indian non-government company incorporated in 2004, operating in the Consumer Services 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 low compliance risk and high financial risk profile.
Report generated on 10 Aug 2026 from the latest processed filings. Max Hypermarket India Private Limited snapshot & full profile →
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 & explainableTrust ScoreModerate
69/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
86/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
20/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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 accessScores 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: 45/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- Externally credit-rated (BBB-).
Charges position: 4 open (310.20 cr) · 6 satisfied (155.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| The Hongkong And Shanghai Banking Corporation Limited | 2 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Standard Chartered Bank | 2 | 48.0 cr |
| Hdfc Bank Limited | 2 | 48.0 cr |
| Idbi Bank Ltd. | 1 | 48.0 cr |
| Others | 1 | 48.0 cr |
Compliance Score: 86/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 2 court forum(s).
- 7 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| VINOD KRISHNA MENON | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SASHI KUMAR GUMMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Anand Arora | 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.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2023 annual returnPublic / 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
43 allotment(s) · 4 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
Key managerial personnel: SASHI KUMAR GUMMA (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 50 · Distress 70
Growth signals & trust indicators
Latest year revenue grew 38%.
Operating for 21+ years.
Active GST registration(s).
Distress signals & risk flags
Negative net worth.
4 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence76/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment48/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 4 open charge(s) of 310.20 cr already registered.
- Compliance record supports lending.
Investor view44/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events29 Sep 2025
Last AGM held
Annual general meeting
05 Jul 2025
Charge created
Hdfc Bank Limited - 50.00 Lakh
31 Mar 2025
Latest balance sheet
Filed with ROC
01 Aug 2024
Director appointed
SASHI KUMAR GUMMA (Managing Director)
Director ceased
SASHI KUMAR GUMMA
28 Mar 2024
Charge satisfied
Hdfc Bank Limited
25 Apr 2023
Charge satisfied
Others
06 Apr 2023
Charge created
Axis Bank Limited - 115.00 cr
31 Mar 2023
Share transfer (FY 2023)
205653116.00000000 shares to Renuka Mukesh Jagtiani
Share transfer (FY 2023)
5000.00000000 shares to CH. Kishore Kumar
26 Sep 2022
Securities allotted
32512709 Equity Shares - 33.00 cr raised
21 Apr 2022
Securities allotted
26481800 Equity Shares - 45.02 cr raised
04 Apr 2022
Securities allotted
5887030 Equity Shares - 10.01 cr raised
24 Feb 2022
Securities allotted
17651100 Equity Shares - 30.01 cr raised
08 Sep 2021
Securities allotted
15301800 Equity Shares - 26.01 cr raised
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Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
7 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BBB- from Care.
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 43 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Rana Maruti | U51909DL1999PTC099826 | New Delhi, Delhi, India |
| Faridabad Steel Mongers Private Limited | U52390HR2009PTC039157 | Faridabad, Haryana, India |
| Triumph Auto (Cv) Private Limited | U50500DL2020PTC364075 | New Delhi, Delhi, India |
| Bhumika Highstreet India Private Limited | U45209DL2019PTC351146 | New Delhi, Delhi, India |
| Max Hypermarket India Private Limited | U52190TN2004PTC054017 | Chennai, Tamil Nadu, India |
| Blue Flame Energy Private Limited | U74999MH2021PTC371827 | Mumbai, Maharashtra, India |
| K H T Agencies | U51909KA1990PTC010744 | Bangalore South, Karnataka, India |
| Shah Virchand Govanji Jewellers | U36939GJ1996PTC030254 | Valsad, Gujarat, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Spar before audits and certifications: compliance score 86/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Spar: 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score 50/100, margin trends, ownership structure and peer set for Spar - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 69/100, distress signals and MSME payment-delay disclosures - know whether Spar 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 Spar - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Spar an active company?
Spar has MCA status “Active” with a compliance score of 86/100 (Low Risk).
Is Spar financially healthy?
Spar has a Financial Health Score of 20/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Spar?
Its overall Trust Score is 69/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Spar?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.
Does Spar have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 6 earlier charge(s) stand satisfied.
Is Spar up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 86/100 (Low Risk).
Is it risky to lend to Spar?
Its Credit Risk Score is 45/100 (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.
