Mpl Plastics Limited - Due diligence report

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

1992-05-01 Mira Road East, Maharashtra Active Listed Active Compliant
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MP Mpl Plastics Limited
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Mpl Plastics Limited — 360° Intelligence Report

Generated from MCA filings & public records
49/100
Trust Score
Caution Indicated

Mpl Plastics Limited is assessed as Caution Indicated with a Trust Score of 49/100. Mpl Plastics Limited is an active public limited indian non-government company incorporated in 1992, operating in the Home & Lifestyle 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 high financial risk profile.

Report generated on 13 Aug 2026 from the latest processed filings. Mpl Plastics Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Neutral
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 ScoreCaution Indicated
49/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
38/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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: 55/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 37 satisfied (144.21 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Dena Bank11 48.0 cr
State Bank Of Saurashtra7 48.0 cr
Standard Chartered Bank1 48.0 cr
Itz Online Financial Services Private Limited4 48.0 cr
Industrial Development Bank Of India3 48.0 cr
Ifci Limited1 48.0 cr
Compliance Score: 38/100 Caution Indicated
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: DSE, BSE.
  • Litigation present in 2 court forum(s).
  • 2 auditor resignation(s) filed - latest: Bastawala And Associates on 2021-08-14.
  • Delayed payments to MSME suppliers disclosed (3 disclosure(s)).
  • 3 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 45/100
NameDIN / PANDesignationAppointedTenureDIN status
MILAN BHOGILAL BHAYA 01234567 Director 01/04/2018 6 yrs Approved
VISHAKHA JAIN 01234567 Director 01/04/2018 6 yrs Approved
MADHUP BANSILAL VAGHANI 01234567 Director 01/04/2018 6 yrs Approved
RADHIKA SAMEER RANE 01234567 Director 01/04/2018 6 yrs Approved
DEVENDRA KUMAR NEGI 01234567 Director 01/04/2018 6 yrs Approved
GOPAL AJAY MALPANI 01234567 Director 01/04/2018 6 yrs Approved
Pankaj Bhogilal Bhaya 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • DEVENDRA KUMAR NEGI has DIN status "Disqualified by RoC u/s 164(2)".
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2022)
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 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
-

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

Key managerial personnel: MILAN BHOGILAL BHAYA (CFO) · MADHUP BANSILAL VAGHANI (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 55
Growth signals & trust indicators
Operating for 34+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
Compliance score is weak (38/100).
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 1.04 Lakh.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence46/100
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 assessment43/100
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 view39/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
26 Sep 2025
Last AGM held
Annual general meeting
09 Jun 2025
Director appointed
Pankaj Bhogilal Bhaya (Cfo)
31 Mar 2025
Latest balance sheet
Filed with ROC
03 Jun 2024
Director appointed
VISHAKHA JAIN (Company Secretary)
21 Oct 2023
Director appointed
MILAN BHOGILAL BHAYA (CFO)
21 Aug 2023
Director ceased
PANKAJ BHOGILAL BHAYA
05 Oct 2022
Charge satisfied
Itz Online Financial Services Private Limited
30 Sep 2022
Director appointed
DEVENDRA KUMAR NEGI (Director)
29 Sep 2022
Director ceased
VIREN VASANTRAI BHIMANI
11 Apr 2022
Director appointed
GOPAL AJAY MALPANI (Director)
Director ceased
SHARAD SHUKLA KAUSHIKRAM
22 Oct 2021
Charge satisfied
Dena Bank
15 Jul 2020
Director ceased
BANSILAL ISHWARLAL VAGHANI
26 Sep 2019
Director ceased
PARIMAL BANERJEE
14 Aug 2018
Director appointed
RADHIKA SAMEER RANE (Director)
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
7 active director(s) / partner(s); review board churn before relying on management continuity.
3 active GST registration(s) indicate ongoing business operations.
All 37 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2022 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
Gem Polyplast Private Limited U25202RJ2000PTC016108 Jaipur, Rajasthan, India
Prerna Landcon Private Limited U45201RJ2006PTC022866 Rajsamand, Rajasthan, India
Nordstren Rubber & Rolls Private Limited U25209DL2021PTC378680 Delhi, Delhi, India
Bharatwheat Products And Reclaimed Rubbers Private Limited U15317KL2011PTC027494 Binanipuram P O, Kerala, India
Orby Home Private Limited U52100KA2020PTC139672 Bengalure, Karnataka, India
Palasah Manufacturers And Traders Private Limited U17100TG2019PTC132645 Secunderabad, Telangana, India
Tonchi Polymers Private Limited U25190KA2019PTC121252 Belgaum, Karnataka, India
Uip Systems India Private Limited U74999MH2015FTC267296 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Mpl Plastics Limited before audits and certifications: compliance score 38/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Mpl Plastics 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 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Mpl Plastics Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 49/100, distress signals and MSME payment-delay disclosures - know whether Mpl Plastics Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Mpl Plastics Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Mpl Plastics Limited an active company?

Mpl Plastics Limited has MCA status “Active” with a compliance score of 38/100 (Caution Indicated).

Is Mpl Plastics Limited financially healthy?

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

Should I do business with Mpl Plastics Limited?

Its overall Trust Score is 49/100 (Caution Indicated). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Mpl Plastics Limited?

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

Does Mpl Plastics Limited have loans or charges against its assets?

No open charges - all 37 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Mpl Plastics Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 38/100 (Caution Indicated).

Is it risky to lend to Mpl Plastics Limited?

Its Credit Risk Score is 55/100 (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.