Mk Aromatics Limited - Due diligence report

A 360° intelligence report on Mk Aromatics Limited: trust score, financial health, credit view, compliance, directors, growth and distress s…

1983-11-01 Alathur, Tamil Nadu Active Listed Active Non-Compliant
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MA Mk Aromatics Limited
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Mk Aromatics Limited — 360° Intelligence Report

Generated from MCA filings & public records
59/100
Trust Score
Moderate

Mk Aromatics Limited is assessed as Moderate with a Trust Score of 59/100. Mk Aromatics Limited is an active public limited indian non-government company incorporated in 1983, operating in the Chemicals and Materials 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 17 Aug 2026 from the latest processed filings. Mk Aromatics Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Good
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 ScoreModerate
59/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
43/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
25/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
20/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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: 20/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).

Charges position: 4 open (6.61 cr) · 2 satisfied (4.75 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Goa State Urban Development Agency1 48.0 cr
Others1 48.0 cr
Bank Of Maharashtra1 48.0 cr
Icici Banking Corporation Limited3 48.0 cr
Compliance Score: 43/100 Caution Indicated
  • Company status is Active as per MCA.
  • Marked ACTIVE non-compliant (INC-22A).
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: DSE, BSE.
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
MAHESH KAMARUDDIN MERCHANT 01234567 Director 01/04/2018 6 yrs Approved
SHRINIVAS MAHISHI 01234567 Director 01/04/2018 6 yrs Approved
BILKIS KAMRUDDIN MERCHANT 01234567 Director 01/04/2018 6 yrs Approved
  • 3 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 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 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
-

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

Key managerial personnel: MAHESH KAMARUDDIN MERCHANT (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 45 · Distress 75
Growth signals & trust indicators
Asset base grew 2.1x - capacity expansion.
Operating for 42+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (43/100).
4 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence57/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 1 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.
  • 4 open charge(s) of 6.61 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view42/100
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
22 Apr 2026
Charge satisfied
Others
Charge satisfied
Bank Of Maharashtra
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
13 Feb 2020
Charge created
Others - 3.90 cr
20 Jan 2020
Director ceased
ALI KAMARUDDIN MERCHANT
14 Nov 2017
Director appointed
SHRINIVAS MAHISHI (Additional Director)
Director ceased
PRAKASH MALLIKARJUNAPPA
12 Nov 2014
Charge created
Goa State Urban Development Agency - 6.50 cr
17 Aug 2013
Charge created
Bank Of Maharashtra - 85.00 Lakh
30 Sep 2009
Director ceased
TAMILAZHAGAN PARIMELAZHAGAR
21 May 2004
Director appointed
BILKIS KAMRUDDIN MERCHANT (Director)
26 Sep 1996
Charge created
Icici Banking Corporation Limited - 5.00 Lakh
30 Aug 1996
Charge created
Icici Banking Corporation Limited - 3.09 Lakh
21 May 1996
Charge created
Icici Banking Corporation Limited - 3.17 Lakh
10

Key Observations

Auto-generated from the data above
Revenue declined 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Promoters hold a majority 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
Starsource Multitrade Limited L46900MH1942PLC003556 Kalyan, Maharashtra, India
Kabra Drugs L21002MP1989PLC005438 Indore, Madhya Pradesh, India
Centurypharma U24230GJ1989PLC013000 Baroda, Gujarat, India
Combat Drugs L24230TG1986PLC006781 Shaikpet, Telangana, India
Triochem Products Limited L24249MH1972PLC015544 Mumbai, Maharashtra, India
Khoobsurat L23209WB1982PLC034793 Kolkata, West Bengal, India
Doliosis Holistic Medicine And Foods Private Limited U24234MH1997PTC109705 Pune, Maharashtra, India
Auchtel U24100MH1965PLC013303 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Mk Aromatics Limited before audits and certifications: compliance score 43/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Mk Aromatics 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 20/100, 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 Mk Aromatics Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 59/100, distress signals and MSME payment-delay disclosures - know whether Mk Aromatics 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 Mk Aromatics Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Mk Aromatics Limited an active company?

Mk Aromatics Limited has MCA status “Active” with a compliance score of 43/100 (Caution Indicated).

Is Mk Aromatics Limited financially healthy?

Mk Aromatics Limited has a Financial Health Score of 25/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Mk Aromatics Limited?

Its overall Trust Score is 59/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Mk Aromatics Limited?

Promoters hold a majority stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Mk Aromatics 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 Mk Aromatics Limited up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 43/100 (Caution Indicated).

Is it risky to lend to Mk Aromatics Limited?

Its Credit Risk Score is 20/100 (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.