Promoter holding
64.27%
MS
Msa Safety - Due diligence report
A 360° intelligence report on Msa Safety: trust score, financial health, credit view, compliance, directors, growth and distress signals - g…
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Msa Safety — 360° Intelligence Report
Generated from MCA filings & public records46/100
Trust Score
Caution Indicated
Msa Safety is assessed as Caution Indicated with a Trust Score of 46/100. Msa Safety is a public limited indian non-government company incorporated in 1965, operating in the Manufacturing 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. Msa (India) Limited snapshot & full profile →
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 & explainableTrust ScoreCaution Indicated
46/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
29/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
50/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
35/100
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 accessScores 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: 45/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- Working-capital cover adequate.
Charges position: 5 open (4.11 cr) · 2 satisfied (4.20 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Grindlays Bank | 4 | 48.0 cr |
| The Hongkong And Shanghai Banking Corporation Limited | 1 | 48.0 cr |
| Corporation Bank | 1 | 48.0 cr |
| Punjab National Bank | 1 | 48.0 cr |
Compliance Score: 29/100 Caution Indicated
- Company status is "Under Liquidation" - not Active.
- Balance sheet slightly behind (Mar 2025).
- Litigation present in 2 court forum(s).
- 1 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 50/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAKESH PARMESHCHANDRA PANDYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BISWANATH MANNA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SWETA SARRAF | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANAGHA SRINIVAS RAO ANASINGARAJU | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHANDAN DAS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 5 directors on the board.
- RAKESH PARMESHCHANDRA PANDYA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- Stable board - no exits in 3 years.
Director & KMP remuneration (FY 2021)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2021 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Mine Safety Appliances Company
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 3 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Mine Safety Appliances Company | Holding Company | 74.00% |
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 45 · Distress 35
Growth signals & trust indicators
Asset base grew 38% - capacity expansion.
Operating for 60+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Adverse company status: Under Liquidation.
Compliance score is weak (29/100).
5 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence36/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment40/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 5 open charge(s) of 4.11 cr already registered.
- Compliance gaps should be priced into terms.
Investor view44/100
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 churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events21 Nov 2025
Director appointed
ANAGHA SRINIVAS RAO ANASINGARAJU (IRP/RP/Liquidator)
09 Jul 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
04 Dec 2023
Director appointed
CHANDAN DAS (Director)
13 Oct 2022
Charge satisfied
The Hongkong And Shanghai Banking Corporation Limited
20 Sep 2022
Director appointed
SWETA SARRAF (Company Secretary)
09 Mar 2022
Securities allotted
46500000 Equity Shares - 46.50 cr raised
23 Sep 2020
Director ceased
RAKESH PARMESHCHANDRA PANDYA
Director ceased
BISWANATH MANNA
31 Mar 2020
Share transfer (FY 2020)
3.00000000 shares to Mine Safety Appliances Co. LLP
16 Mar 2020
Director appointed
BISWANATH MANNA (Director)
14 Feb 2020
Charge satisfied
Corporation Bank
07 Jan 2020
Director appointed
RAKESH PARMESHCHANDRA PANDYA (Director)
02 Oct 2019
Director ceased
STUART ALLAN SYKES
25 Sep 2019
Director ceased
BOB WILLEM LEENEN
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Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Net worth is positive.
5 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake 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 2 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Fuzen Pharmaceuticals Private Limited | U24233MP2014PTC032568 | Indore, Madhya Pradesh, India |
| Esquire Vyapaar Private Limited | U51109WB2008PTC121899 | Kolkata, West Bengal, India |
| Libra Techcon Limited | U74210MH2005PLC153832 | Mumbai, Maharashtra, India |
| Mmp International Private Limited | U74999MH1994PTC076322 | Mumbai, Maharashtra, India |
| Villa Interieur Private Limited | U17229RJ2008PTC027407 | Jaipur, Rajasthan, India |
| Koncept Electricals Private Limited | U31900MH2021PTC361465 | Palghar, Maharashtra, India |
| Top Apparels Pvt Ltd | U51909WB1990PTC048509 | Kolkata, West Bengal, India |
| Daryabadi Agencies Private Limited | U51397MH1998PTC115824 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Msa Safety before audits and certifications: compliance score 29/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Msa Safety: 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 45/100, 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 Msa Safety - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 46/100, distress signals and MSME payment-delay disclosures - know whether Msa Safety 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 Msa Safety - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Msa Safety an active company?
Msa Safety has MCA status “Under Liquidation” with a compliance score of 29/100 (Caution Indicated).
Is Msa Safety financially healthy?
Msa Safety has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Msa Safety?
Its overall Trust Score is 46/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Msa Safety?
The ultimate holding entity is Mine Safety Appliances Company. 5 active director(s) are on record.
Does Msa Safety have loans or charges against its assets?
5 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.
Is Msa Safety up to date with its ROC filings?
Balance sheet slightly behind (Mar 2025). Overall compliance score: 29/100 (Caution Indicated).
Is it risky to lend to Msa Safety?
Its Credit Risk Score is 45/100 (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.
