Millfields Developers Private Limited - Due diligence report

A 360° intelligence report on Millfields Developers Private Limited: trust score, financial health, credit view, compliance, directors, grow…

2006-07-05 Salcete, Goa Amalgamated Unlisted Active Compliant
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Millfields Developers Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
46/100
Trust Score
Caution Indicated

Millfields Developers Private Limited is assessed as Caution Indicated with a Trust Score of 46/100. Millfields Developers Private Limited is a private limited indian non-government company incorporated in 2006, operating in the Real Estate and Construction sector. The company has shown revenue growth 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 09 Jul 2026 from the latest processed filings. Millfields Developers Private Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Caution

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
46/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
23/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
20/100
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: 50/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 23/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Last balance sheet is for Mar 2023 - filings overdue.
  • Litigation present in 1 court forum(s).
  • 2 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
NIRALI PRABHATBHAI KARETHA 01234567 Director 01/04/2018 6 yrs Approved
DEVENDRA NANALAL DAVE 01234567 Director 01/04/2018 6 yrs Approved
ADITYA KAMANI 01234567 Director 01/04/2018 6 yrs Approved
NIRALI PRABHATBHAI KARETHA 01234567 Director 01/04/2018 6 yrs Approved
ABHISHEK RASHMI KAMANI 01234567 Director 01/04/2018 6 yrs Approved
  • 5 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 2022 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 70 · Distress 20
Growth signals & trust indicators
Steady revenue growth: +38% over 4 year(s).
Latest year revenue grew 1.42.
Operating for 20+ years.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Negative net worth.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (23/100).
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence29/100
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 assessment37/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view50/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 13 events
25 Sep 2023
Last AGM held
Annual general meeting
31 Mar 2023
Latest balance sheet
Filed with ROC
11 Dec 2019
Securities allotted
9 Equity Shares Without Differential Rights - 90.00 raised
19 Oct 2019
Securities allotted
9 Equity Shares Without Differential Rights - 90.00 raised
29 Jul 2017
Director appointed
NIRALI PRABHATBHAI KARETHA (Company Secretary)
02 Mar 2017
Director ceased
RASHMI CHAMANLAL KAMANI
Director ceased
KAMANI DEEPAKKUMAR CHAMANLAL VRAJLAL
28 Sep 2013
Director ceased
DEVENDRA NANALAL DAVE
24 May 2013
Director appointed
DEVENDRA NANALAL DAVE (Director)
22 Apr 2010
Director ceased
CHAMANLAL VRAJLAL KAMANI
05 Jul 2006
Incorporated
Registered with Roc Goa
Director appointed
ADITYA KAMANI (Director)
Director appointed
ABHISHEK RASHMI KAMANI (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
5 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
Promoters hold a dominant controlling stake as per the FY 2022 annual return.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Woodlands Associates Private Limited U70101MH1972PTC015985 Mumbai, Maharashtra, India
Shimay Properties Private Limited U65990MH1989PTC051204 Mumbai, Maharashtra, India
Aerens Goldsouk Projects (Indore) Private Limited U70109DL2007PTC170058 New Delhi, Delhi, India
Dhanbad Properties Private Limited U70200JH1988PTC003006 Dhanbad, Jharkhand, India
Sukhmani Buildtech Private Limited U74140DL2010PTC211940 New Delhi, Delhi, India
Uma Tea Estates Private Limited U15491WB2003PTC095744 Siliguri, West Bengal, India
Sankeshwara Finvest Private Limited U65999KA2010PTC053724 Bangalore, Karnataka, India
Kalashsidhi Vanijya Private Limited U51909WB2012PTC180030 Siliguri, West Bengal, India
12

Who Uses This Report

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

Verify Millfields Developers Private Limited before audits and certifications: compliance score 23/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Millfields Developers 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: Enhanced diligence advised. Credit risk score 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 70/100, margin trends, ownership structure and peer set for Millfields Developers Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 46/100, distress signals and MSME payment-delay disclosures - know whether Millfields Developers 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 Millfields Developers Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Millfields Developers Private Limited an active company?

Millfields Developers Private Limited has MCA status “Amalgamated” with a compliance score of 23/100 (Caution Indicated).

Is Millfields Developers Private Limited financially healthy?

Millfields Developers Private Limited has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Millfields Developers Private Limited?

Its overall Trust Score is 46/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Millfields Developers Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 5 active director(s) are on record.

Does Millfields Developers Private Limited have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Millfields Developers Private Limited up to date with its ROC filings?

Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 23/100 (Caution Indicated).

Is it risky to lend to Millfields Developers Private Limited?

Its Credit Risk Score is 50/100 (Moderate). 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.