Mci Chits Limited - Due diligence report

A 360° intelligence report on Mci Chits: trust score, financial health, credit view, compliance, directors, growth and distress signals - ge…

1986-10-22 Mysore, Karnataka Active Unlisted Active Compliant
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MC Mci Chits Limited
Full Due-Diligence Report + Documents
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  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
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Mci Chits — 360° Intelligence Report

Generated from MCA filings & public records
89/100
Trust Score
Low Risk

Mci Chits is assessed as Low Risk with a Trust Score of 89/100. Mci Chits is an active public limited indian non-government company incorporated in 1986, operating in the Financial Services 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 low compliance risk and low financial risk profile.

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

Financial Health › Strong
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
89/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
86/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
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 ScoreLow Risk
90/100
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: 40/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Profitable - internal accruals available.

Charges position: 1 open (25.00 Lakh) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
The Karur Vysya Bank Ltd1 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).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
PRASANNA KUMAR HEGDE 01234567 Director 01/04/2018 6 yrs Approved
SACHIN PRABHAKAR SHETTY 01234567 Director 01/04/2018 6 yrs Approved
SINCHANA PRABHAKAR SHETTY 01234567 Director 01/04/2018 6 yrs Approved
CHETHANA PRASHANTH SHETTY 01234567 Director 01/04/2018 6 yrs Approved
NOOTHAN PRABHAKAR SHETTY 01234567 Director 01/04/2018 6 yrs Approved
PRABHAKAR SHETTY 01234567 Director 01/04/2018 6 yrs Approved
CHANDRASHEKAR HEGDE BILLADI 01234567 Director 01/04/2018 6 yrs Approved
  • 7 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 2020 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) · 1 transfer(s)

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

Key managerial personnel: NOOTHAN PRABHAKAR SHETTY (Whole-time director) · PRABHAKAR SHETTY (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +38% over 4 year(s).
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 39+ years.
Active GST registration(s).
Distress signals & risk flags
1 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence88/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment65/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 25.00 Lakh already registered.
  • Compliance record supports lending.
Investor view86/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
29 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
31 Mar 2020
Director ceased
PRABHAKAR SHETTY
18 Feb 2017
Securities allotted
36875 Equity Shares Without Differential Rights - 36.88 Lakh raised
03 Feb 2017
Securities allotted
36875 Equity Shares Without Differential Rights - 36.88 Lakh raised
18 Aug 2016
Director ceased
PRASANNA KUMAR HEGDE
Director ceased
CHANDRASHEKAR HEGDE BILLADI
31 Mar 2016
Share transfer (FY 2016)
- shares
30 Jan 2016
Director ceased
BANDAREHALLI VEERANNA NAGARAJ
Director ceased
DODDA CHIKKANNA NAGARATHNA
Director ceased
SHOBHA RAJASHEKAR
09 Oct 2015
Director appointed
PRASANNA KUMAR HEGDE (Director)
Director appointed
CHANDRASHEKAR HEGDE BILLADI (Director)
30 Sep 2015
Director ceased
SACHIN PRABHAKAR SHETTY
Director ceased
SINCHANA PRABHAKAR SHETTY
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
7 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 2020 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
Freya Shipping Agencies Pvt.Ltd. U61100WB1995PTC074522 Kolkata, West Bengal, India
Skyrise Mercantile Limited U70102MH1984PLC032529 Mumbai, Maharashtra, India
Mapakshi Finance Limited U65923TG2011PLC074212 Hyderabad, Telangana, India
Cheminare Tradecomm Pvt Ltd U51109WB1994PTC066671 Kolkata, West Bengal, India
Kamna Deposits And Advances Pvt Ltd U65921UP1991PTC119808 Ghaziabad, Uttar Pradesh, India
Sunflag Viniyog Pvt Ltd U65999WB1995PTC072551 Kolkata, West Bengal, India
Veekay Infin & Holdings Private Limited U65990PN2008PTC132526 Pune, Maharashtra, India
Adonis Niketan Pvt.Ltd. U51109WB1994PTC065883 Kolkata, West Bengal, India
12

Who Uses This Report

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

Verify Mci Chits 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 Mci Chits: 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 40/100, 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 Mci Chits - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 89/100, distress signals and MSME payment-delay disclosures - know whether Mci Chits 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 Mci Chits - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Mci Chits an active company?

Mci Chits has MCA status “Active” with a compliance score of 86/100 (Low Risk).

Is Mci Chits financially healthy?

Mci Chits has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Mci Chits?

Its overall Trust Score is 89/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Mci Chits?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 7 active director(s) are on record.

Does Mci Chits have loans or charges against its assets?

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

Is Mci Chits 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 Mci Chits?

Its Credit Risk Score is 40/100 (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.