Modern Steel Ltd. - Due diligence report

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

1973-11-19 Punjab, Punjab Active Listed Active Compliant
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MS Modern Steel Ltd.
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Modern Steels — 360° Intelligence Report

Generated from MCA filings & public records
68/100
Trust Score
Moderate

Modern Steels is assessed as Moderate with a Trust Score of 68/100. Modern Steels is an active public limited indian non-government company incorporated in 1973, operating in the Metals and Minerals sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Modern Steel Ltd. snapshot & full profile →

Financial Health › Strong
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
68/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 65/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (D).

Charges position: 0 open (-) · 31 satisfied (529.44 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others16 48.0 cr
Punjab National Bank8 48.0 cr
Punjab & Sind Bank2 48.0 cr
Industrial Development Bank Of India2 48.0 cr
The Industrial Credit & Investment Corp. Of Ind. Ltd1 48.0 cr
The Icici Ltd1 48.0 cr
Compliance Score: 42/100 Caution Indicated
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: BSE, SEBI, RBI.
  • Litigation present in 4 court forum(s).
  • Delayed payments to MSME suppliers disclosed (6 disclosure(s)).
  • 2 active GST registration(s).
Legal cases on record (4)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
DEEPA 01234567 Director 01/04/2018 6 yrs Approved
AVTAR KRISHAN VASHISHT 01234567 Director 01/04/2018 6 yrs Approved
ANUPAMA SHARMA 01234567 Director 01/04/2018 6 yrs Approved
SURESH KUMAR PURI 01234567 Director 01/04/2018 6 yrs Approved
SATISH KUMAR KAPOOR 01234567 Director 01/04/2018 6 yrs Approved
KRISHAN KUMAR GOYAL 01234567 Director 01/04/2018 6 yrs Approved
Ananya Modi 01234567 Director 01/04/2018 6 yrs Approved
  • 7 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 2024)
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 2024 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 majority stake - exact percentages are part of the full report.

Key managerial personnel: SURESH KUMAR PURI (CFO) · KRISHAN KUMAR GOYAL (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 65
Growth signals & trust indicators
Operating for 52+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
Compliance score is weak (42/100).
MSME payment delays disclosed - latest outstanding 65.48 Lakh.
4 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.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment61/100
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 view58/100
Mixed indicators
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
13 Aug 2025
Director appointed
Ananya Modi (Company Secretary)
27 Jun 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
26 Sep 2023
Director ceased
ANUPAMA SHARMA
11 Aug 2023
Director appointed
ANUPAMA SHARMA (Director)
25 Jul 2022
Director appointed
SURESH KUMAR PURI (CFO)
14 Feb 2022
Director appointed
DEEPA (Company Secretary)
30 Dec 2021
Director ceased
AVTAR KRISHAN VASHISHT
29 Dec 2021
Charge satisfied
Punjab National Bank
11 May 2021
Director appointed
AVTAR KRISHAN VASHISHT (Director)
06 Mar 2021
Director ceased
ASHISH KUMAR SHARMA
26 Feb 2021
Charge satisfied
Others
28 Dec 2020
Director ceased
SATISH KUMAR KAPOOR
Director ceased
PRIYAVRAT THAREJA
Director ceased
DILDAR SINGH GILL
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net worth is positive.
7 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
All 31 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of D from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Multicoat Coating Technologies Private Limited U24221WB2006PTC112168 Kolkata, West Bengal, India
Kalgidhar Small Tool Private Limited U29222PB1981PTC004552 Punjab, Punjab, India
Cosmos Biosciences Private Limited U33110DL2008PTC177330 New Delhi, Delhi, India
Voltactive Power Technologies Private Limited U31909AP2016PTC104197 Vijayawada, Andhra Pradesh, India
Madras Carbons Private Limited U45100TN1971PTC006010 Chennai, Tamil Nadu, India
Om Sons Overseas Tradelinks Private Limited U51399UP2004PTC029053 Moradabad, Uttar Pradesh, India
Karnikripa Power Private Limited U27200CT2020PTC010929 Raipur, Chattisgarh, India
Sunshine Steels Private Limited U27100PB1992PTC012724 Fatehgarhsahib, Punjab, India
12

Who Uses This Report

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

Verify Modern Steels before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Modern Steels: 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 65/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Modern Steels - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 68/100, distress signals and MSME payment-delay disclosures - know whether Modern Steels 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 Modern Steels - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Modern Steels an active company?

Modern Steels has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).

Is Modern Steels financially healthy?

Modern Steels has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.

Should I do business with Modern Steels?

Its overall Trust Score is 68/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Modern Steels?

Promoters hold a majority stake - exact percentages are in the full report. 7 active director(s) are on record.

Does Modern Steels have loans or charges against its assets?

No open charges - all 31 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Modern Steels up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).

Is it risky to lend to Modern Steels?

Its Credit Risk Score is 65/100 (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.