Miku Polymers & Plastics Limited - Due diligence report

A 360° intelligence report on Miku Polymers & Plastics Limited: trust score, financial health, credit view, compliance, directors, growth an…

2019-03-01 Vadodara, Gujarat Under Cirp Unlisted Active Compliant
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Miku Polymers & Plastics Limited — 360° Intelligence Report

Generated from MCA filings & public records
47/100
Trust Score
Caution Indicated

Miku Polymers & Plastics Limited is assessed as Caution Indicated with a Trust Score of 47/100. Miku Polymers & Plastics Limited is a public limited indian non-government company incorporated in 2019, operating in the Manufacturing 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 high compliance risk and high financial risk profile.

Report generated on 18 Jul 2026 from the latest processed filings. Miku Polymers & Plastics Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Neutral
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 ScoreCaution Indicated
47/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
30/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
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 ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
25/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 2 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: 30/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 38%).
  • Working-capital cover adequate.
  • Externally credit-rated (A4).

Charges position: 7 open (293.75 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Others6 48.0 cr
State Bank Of India1 48.0 cr
Compliance Score: 30/100 Caution Indicated
  • Company status is "Under Cirp" - not Active.
  • Last balance sheet is for Mar 2021 - filings overdue.
  • 4 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
RAHUL NARESHBHAI SHAH 01234567 Director 01/04/2018 6 yrs Approved
UTKARSH MALVIK HATHI 01234567 Director 01/04/2018 6 yrs Approved
BHARAT DHIRAJLAL MEHTA 01234567 Director 01/04/2018 6 yrs Approved
ARPIT MALVIK HATHI 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.
06

Ownership & Group Intelligence

As per FY 2021 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
1 allotment(s) · 0 transfer(s)

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

Key managerial personnel: UTKARSH MALVIK HATHI (Managing Director) · ARPIT MALVIK HATHI (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 25
Growth signals & trust indicators
Operating for 7 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Statutory filings appear overdue.
Adverse company status: Under Cirp.
Compliance score is weak (30/100).
7 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence34/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 4 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment30/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 7 open charge(s) of 293.75 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view38/100
Limited indicators at present
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
17 Aug 2023
Director appointed
RAHUL NARESHBHAI SHAH (IRP/RP/Liquidator)
21 Jun 2022
Director ceased
BHARAT DHIRAJLAL MEHTA
01 Mar 2022
Director ceased
SHEETAL DIGISH TRIVEDI
31 Dec 2021
Director ceased
KAMAL ASHWINBHAI LALANI
30 Nov 2021
Last AGM held
Annual general meeting
31 Mar 2021
Latest balance sheet
Filed with ROC
26 Feb 2021
Charge created
Others - 1.30 cr
18 Dec 2020
Charge created
Others - 51.00 cr
26 Nov 2020
Charge created
Others - 51.00 cr
19 Sep 2020
Director ceased
ASHOKKUMAR BHIKHALAL SONI
14 May 2020
Charge created
Others - 51.00 cr
04 May 2020
Director ceased
KINNARI KARTIKEY HARIYANI
16 Aug 2019
Director ceased
UTKARSH MALVIK HATHI
28 Jun 2019
Securities allotted
10187030 Equity Shares Without Differential Rights - 41.77 cr raised
15 Apr 2019
Director ceased
MALVIK KANTILAL HATHI
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 1 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
4 active director(s) / partner(s); board looks stable and experienced.
4 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A4 from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2021 annual return.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Dominion Diamond (India) Private Limited U13100MH2005PTC150799 Mumbai, Maharashtra, India
Blue Water Expotrade India Private Limited U74999DL2017PTC313166 Delhi, Delhi, India
Nobal Jewels Private Limited U51398GJ2015PTC082174 Surat, Gujarat, India
Inspur Group U74999HR2015FTC055169 Gurgaon, Haryana, India
Willowood U74999WB2011PTC166751 Kolkata, West Bengal, India
Bhrigunath Commercial Trade Private Limited U51909GJ2019PTC106228 Ahmedabad, Gujarat, India
Rkb Global Limited U28100MH2013PLC251485 Wada, Maharashtra, India
Jenil Steel Private Limited U27104MH2002PTC135401 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Miku Polymers & Plastics 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 Miku Polymers & Plastics 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 30/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Miku Polymers & Plastics Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 47/100, distress signals and MSME payment-delay disclosures - know whether Miku Polymers & Plastics 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 Miku Polymers & Plastics Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Miku Polymers & Plastics Limited an active company?

Miku Polymers & Plastics Limited has MCA status “Under Cirp” with a compliance score of 30/100 (Caution Indicated).

Is Miku Polymers & Plastics Limited financially healthy?

Miku Polymers & Plastics Limited has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Miku Polymers & Plastics Limited?

Its overall Trust Score is 47/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Miku Polymers & Plastics Limited?

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

Does Miku Polymers & Plastics Limited have loans or charges against its assets?

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

Is Miku Polymers & Plastics Limited up to date with its ROC filings?

Last balance sheet is for Mar 2021 - filings overdue. Overall compliance score: 30/100 (Caution Indicated).

Is it risky to lend to Miku Polymers & Plastics Limited?

Its Credit Risk Score is 30/100 (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.