Mini Diamonds (India) Limited - Due diligence report

A 360° intelligence report on Mini Diamonds: trust score, financial health, credit view, compliance, directors, growth and distress signals …

1987-02-12 Mumbai, Maharashtra Active Listed Active Compliant
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MD Mini Diamonds (India) Limited
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Mini Diamonds — 360° Intelligence Report

Generated from MCA filings & public records
78/100
Trust Score
Low Risk

Mini Diamonds is assessed as Low Risk with a Trust Score of 78/100. Mini Diamonds is an active public limited indian non-government company incorporated in 1987, operating in the Consumer Goods 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 moderate compliance risk and low financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Mini Diamonds (India) Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

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
78/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
55/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
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: 55/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Elevated gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (D).

Charges position: 0 open (-) · 6 satisfied (15.90 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Corporation Bank1 48.0 cr
Indian Bank2 48.0 cr
Central Bank Of India3 48.0 cr
Compliance Score: 55/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: CDSL, DSE, BSE.
  • Litigation present in 1 court forum(s).
  • Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
RONISH U SHAH 01234567 Director 01/04/2018 6 yrs Approved
NIHARIKA ROONGTA 01234567 Director 01/04/2018 6 yrs Approved
NARAYANBHAI PRAGJIBHAI KEVADIA 01234567 Director 01/04/2018 6 yrs Approved
PRASHANT JAYANT CHAUHAN 01234567 Director 01/04/2018 6 yrs Approved
ARCHANA RAJESH AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
CHINTAN MAHESH SHAH 01234567 Director 01/04/2018 6 yrs Approved
UPENDRA NAROTTAMDAS SHAH 01234567 Director 01/04/2018 6 yrs Approved
Ashutosh Chandraprakash Tiwari 01234567 Director 01/04/2018 6 yrs Approved
  • 8 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 2025)
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 2025 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
0 allotment(s) · 2 transfer(s)

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

Key managerial personnel: PRASHANT JAYANT CHAUHAN (CFO) · UPENDRA NAROTTAMDAS SHAH (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Operating for 39+ years.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (55/100).
MSME payment delays disclosed - latest outstanding 2.33 Lakh.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence72/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment62/100
Mixed indicators - deeper appraisal suggested
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 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
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
11 Dec 2024
Director appointed
ARCHANA RAJESH AGARWAL (Company Secretary)
29 Sep 2024
Director ceased
Ashutosh Chandraprakash Tiwari
04 Sep 2024
Director appointed
Ashutosh Chandraprakash Tiwari (Director)
17 Jun 2022
Director ceased
NARAYANBHAI PRAGJIBHAI KEVADIA
21 Mar 2022
Director appointed
NARAYANBHAI PRAGJIBHAI KEVADIA (Director)
01 Nov 2021
Charge satisfied
Corporation Bank
01 Jul 2021
Director appointed
PRASHANT JAYANT CHAUHAN (CFO)
31 Mar 2021
Share transfer (FY 2021)
100.00000000 shares to DIPAK PARSOTAMDAS SHAH
Share transfer (FY 2021)
100.00000000 shares to ANJANA SELARKA
30 Dec 2020
Director ceased
NIHARIKA ROONGTA
04 Sep 2020
Director appointed
NIHARIKA ROONGTA (Director)
03 Sep 2020
Director ceased
DILIP SHAH JASWANT
30 Sep 2019
Director ceased
RONISH U SHAH
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.
8 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 6 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of D from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Sunrakshak Agro Products Private Limited U01100RJ2020PTC068155 Bhilwara, Rajasthan, India
Nuance Jewel Private Limited U14220MH2014PTC257073 Mumbai, Maharashtra, India
Cholayil U24233TN1994PTC086675 Chennai, Tamil Nadu, India
Itron India Private Limited U74899KA1990PTC190581 Bangalore South, Karnataka, India
Shivam Autotech L34300HR2005PLC081531 Gurugram, Haryana, India
Heat And Control U29253TN2004PTC052353 Kancheepuram, Tamil Nadu, India
Advance Agrolife Limited L24121RJ2002PLC017467 Jaipur, Rajasthan, India
Edible Products India Limited U15142WB1982PLC035602 Kolkata, West Bengal, India
12

Who Uses This Report

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

Verify Mini Diamonds before audits and certifications: compliance score 55/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Mini Diamonds: 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 55/100, 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 Mini Diamonds - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 78/100, distress signals and MSME payment-delay disclosures - know whether Mini Diamonds 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 Mini Diamonds - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Mini Diamonds an active company?

Mini Diamonds has MCA status “Active” with a compliance score of 55/100 (Moderate).

Is Mini Diamonds financially healthy?

Mini Diamonds has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Mini Diamonds?

Its overall Trust Score is 78/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Mini Diamonds?

Promoters hold a minority stake - exact percentages are in the full report. 8 active director(s) are on record.

Does Mini Diamonds have loans or charges against its assets?

No open charges - all 6 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Mini Diamonds up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 55/100 (Moderate).

Is it risky to lend to Mini Diamonds?

Its Credit Risk Score is 55/100 (Moderate). 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.