Mittalcorp - Due diligence report

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

1985-07-05 Mumbai, Maharashtra Amalgamated Unlisted Active Compliant
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Mittalcorp — 360° Intelligence Report

Generated from MCA filings & public records
36/100
Trust Score
Caution Indicated

Mittalcorp is assessed as Caution Indicated with a Trust Score of 36/100. Mittalcorp is a public limited indian non-government company incorporated in 1985, operating in the Metals and Minerals 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 05 Oct 2026 from the latest processed filings. Mittal Corp Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Weak
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
36/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
10/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
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 (-) · 41 satisfied (2,518.29 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Oriental Bank Of Commerce22 48.0 cr
State Bank Of India4 48.0 cr
Icici Bank Limited2 48.0 cr
Others1 48.0 cr
Idbi Bank Limited1 48.0 cr
Bank Of Maharashtra1 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Last balance sheet is for Mar 2021 - filings overdue.
  • Flagged by authority: NCLT, BANKS.
  • Litigation present in 4 court forum(s).
  • 2 active GST registration(s).
Legal cases on record (4)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
SHEETIJ AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
Mr. Mahendara Jain 01234567 Director 01/04/2018 6 yrs Approved
BIKRAM MUNKA 01234567 Director 01/04/2018 6 yrs Approved
MEGHA NEEMA 01234567 Director 01/04/2018 6 yrs Approved
SANJAY KUMAR AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 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 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
22 allotment(s) · 9 transfer(s)

Promoters hold the largest single block of equity - exact percentages are part of the full report.

Key managerial personnel: Mr. Mahendara Jain (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 45 · Distress 20
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 41+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (5/100).
4 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence19/100
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 assessment27/100
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 view30/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Nov 2023
Director ceased
Mahendra Kumar Jain
31 Oct 2023
Director appointed
SHEETIJ AGARWAL (Director)
Director appointed
BIKRAM MUNKA (Director)
Director appointed
SANJAY KUMAR AGARWAL (Director)
Director ceased
RAKESH SAHA
30 Oct 2023
Charge satisfied
Others
Charge satisfied
Oriental Bank Of Commerce
30 Sep 2021
Last AGM held
Annual general meeting
31 Mar 2021
Latest balance sheet
Filed with ROC
19 Oct 2020
Director ceased
MUKESH MANDHANI
16 Sep 2020
Director appointed
MEGHA NEEMA (Company Secretary)
09 Mar 2020
Director ceased
AWADHESH KUMAR GUPTA
27 Sep 2018
Director ceased
BRAJAGOPAL SANDHIBIGRAHA
31 Mar 2017
Share transfer (FY 2017)
202025.00000000 shares to IDBI BANK LTD.
05 Jan 2017
Securities allotted
51545823 Equity Shares Without Differential Rights - 51.55 cr raised
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
5 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
All 41 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2021 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 22 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Allied Tubes Private Limited U25111DL1985PTC022242 Delhi, Delhi, India
Ama India Enterprises Private Limited U29214PB1999PTC022285 Ludhiana, Punjab, India
Oliver Valves India Private Limited U25199TN2004PTC053576 Ambattur, Tamil Nadu, India
Rajdhani Refinary Private Limited U35105PN2003PTC017762 Sangli, Maharashtra, India
Superfine Profile And Extrusions Private Limited U27203PN2001PTC016044 Parner, Maharashtra, India
Memco Engineering U29199MH2006PTC162658 Nasik, Maharashtra, India
Champeshvar Iron And Steel Private Limited U28999GJ2017PTC097465 Idar, Gujarat, India
Dharmaextrusions U28113GJ2009PTC057555 Halol, Gujarat, India
12

Who Uses This Report

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

Verify Mittalcorp before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Mittalcorp: 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: Limited indicators at present. Growth score 45/100, margin trends, ownership structure and peer set for Mittalcorp - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 36/100, distress signals and MSME payment-delay disclosures - know whether Mittalcorp pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Mittalcorp - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Mittalcorp an active company?

Mittalcorp has MCA status “Amalgamated” with a compliance score of 5/100 (Caution Indicated).

Is Mittalcorp financially healthy?

Mittalcorp has a Financial Health Score of 10/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Mittalcorp?

Its overall Trust Score is 36/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Mittalcorp?

Promoters hold the largest single block of equity - exact percentages are in the full report. 5 active director(s) are on record.

Does Mittalcorp have loans or charges against its assets?

No open charges - all 41 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Mittalcorp up to date with its ROC filings?

Last balance sheet is for Mar 2021 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Mittalcorp?

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.