Mfs Ethnic Limited - Due diligence report

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

2017-07-25 Mumbai, Maharashtra Active Unlisted Active Compliant
Share
ME Mfs Ethnic Limited
Full Due-Diligence Report + Documents
  • Unlock all financial figures & 5-year trends
  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
₹700 ₹449 Save ₹251 excl. GST
Or from ₹279/report with credits View credit packages
Company Credits – Starter
  • One credit unlocks this full due-diligence report
  • Use across any company’s report, anytime
  • Credits valid for 12 months
× ₹700 ₹279 = ₹2,790 60% off
Choose your own credit amount View credit packages

Mfs Ethnic Limited — 360° Intelligence Report

Generated from MCA filings & public records
87/100
Trust Score
Low Risk

Mfs Ethnic Limited is assessed as Low Risk with a Trust Score of 87/100. Mfs Ethnic Limited is an active public limited indian non-government company incorporated in 2017, operating in the Fashion and Textile 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. Mfs Ethnic 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
87/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
88/100
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
95/100
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
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Profitable - internal accruals available.

Charges position: 4 open (23.34 cr) · 2 satisfied (11.35 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Standard Chartered Bank4 48.0 cr
Others2 48.0 cr
Compliance Score: 88/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
Sarika Mitesh Sanghvi 01234567 Director 01/04/2018 6 yrs Approved
MITESH PRAMOD SANGHVI 01234567 Director 01/04/2018 6 yrs Approved
JIGNA HARESH DOSHI 01234567 Director 01/04/2018 6 yrs Approved
HARESH JAVERILAL DOSHI 01234567 Director 01/04/2018 6 yrs Approved
  • 4 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 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
2 allotment(s) · 0 transfer(s)

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

Key managerial personnel: MITESH PRAMOD SANGHVI (Managing Director) · HARESH JAVERILAL DOSHI (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
Operating for 8 years.
Active GST registration(s).
Distress signals & risk flags
4 open charge(s) registered - assets are encumbered.
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 assessment66/100
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 23.34 cr already registered.
  • Compliance record supports lending.
Investor view90/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 5 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2024
Last AGM held
Annual general meeting
12 Jun 2024
Charge satisfied
Others
31 Mar 2024
Latest balance sheet
Filed with ROC
20 Mar 2024
Charge satisfied
Others
28 Feb 2024
Director appointed
Sarika Mitesh Sanghvi (Director)
14 Feb 2024
Charge created
Standard Chartered Bank - 11.20 cr
25 Aug 2023
Charge created
Standard Chartered Bank - 3.00 cr
Charge created
Standard Chartered Bank - 2.20 cr
19 Apr 2023
Charge created
Standard Chartered Bank - 6.94 cr
18 Apr 2022
Director ceased
HARESH JAVERILAL DOSHI
12 Jan 2022
Charge created
Others - 1.35 cr
01 Sep 2021
Director appointed
JIGNA HARESH DOSHI (Director)
Director ceased
PRAKASH RATILAL SHAH
12 Sep 2020
Director ceased
VIJAY BABULAL GOSWAMI
Director ceased
JIGNA HARESH DOSHI
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
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 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Komal Agrotech Private Limited U15311TG2002PTC039726 Hyderabad, Telangana, India
Esp Safety Private Limited U74900DL2009PTC193178 New Delhi, Delhi, India
Semitech Opto Solutions Private Limited U72300DL2015PTC279505 New Delhi, Delhi, India
Shree Gopinathji Wheels Private Limited U50500GJ2017PTC097473 Vadodara, Gujarat, India
Eagle Jewels Private Limited U74999DL2015PTC276905 New Delhi, Delhi, India
Khushbu Auto Pvt. Ltd. U35115GJ1991PTC016473 Jamnagar, Gujarat, India
Fine Equipment U29248PN2004PTC018756 Pune, Maharashtra, India
Ecokrin Hygiene Private Limited U28994MH2001PTC133978 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Mfs Ethnic Limited before audits and certifications: compliance score 88/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Mfs Ethnic 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 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 95/100, margin trends, ownership structure and peer set for Mfs Ethnic Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 87/100, distress signals and MSME payment-delay disclosures - know whether Mfs Ethnic 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 Mfs Ethnic Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Mfs Ethnic Limited an active company?

Mfs Ethnic Limited has MCA status “Active” with a compliance score of 88/100 (Low Risk).

Is Mfs Ethnic Limited financially healthy?

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

Should I do business with Mfs Ethnic Limited?

Its overall Trust Score is 87/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Mfs Ethnic Limited?

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

Does Mfs Ethnic Limited have loans or charges against its assets?

4 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Mfs Ethnic Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 88/100 (Low Risk).

Is it risky to lend to Mfs Ethnic Limited?

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.