Mspl Gases Limited - Due diligence report

A 360° intelligence report on Mspl Gases Limited: trust score, financial health, credit view, compliance, directors, growth and distress sig…

2006-01-03 Mumbai, Maharashtra Active Unlisted Active Compliant
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MG Mspl Gases Limited
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Mspl Gases Limited — 360° Intelligence Report

Generated from MCA filings & public records
80/100
Trust Score
Low Risk

Mspl Gases Limited is assessed as Low Risk with a Trust Score of 80/100. Mspl Gases Limited is an active public limited indian non-government company incorporated in 2006, operating in the Chemicals and Materials sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Mspl Gases Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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 ScoreLow Risk
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
80/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
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.

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: 55/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 3 satisfied (48.04 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Punjab National Bank (International) Limited1 48.0 cr
Others2 48.0 cr
Compliance Score: 80/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 3 court forum(s).
  • 6 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
RAJAN DATTATRAY KAMAT 01234567 Director 01/04/2018 6 yrs Approved
VEERESH KUMAR 01234567 Director 01/04/2018 6 yrs Approved
RAJESHKUMAR PAWAR 01234567 Director 01/04/2018 6 yrs Approved
SURYA PRAKASH CHOTIA 01234567 Director 01/04/2018 6 yrs Approved
RAHUL KUMAR NARENDRAKUMAR BALDOTA 01234567 Director 01/04/2018 6 yrs Approved
NARENDRAKUMAR ABHERAJ BALDOTA 01234567 Director 01/04/2018 6 yrs Approved
RASHMI SHRENIK BALDOTA 01234567 Director 01/04/2018 6 yrs Approved
SHRENIK KUMAR NARENDRAKUMAR BALDOTA 01234567 Director 01/04/2018 6 yrs Approved
  • 8 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 2023)
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 2023 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) · 1 transfer(s)

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

Key managerial personnel: VEERESH KUMAR (CFO) · SURYA PRAKASH CHOTIA (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 50 · Distress 75
Growth signals & trust indicators
Operating for 20+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence78/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment64/100
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 record supports lending.
Investor view63/100
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
29 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
30 Mar 2025
Director ceased
MADHAVA RAVINDRA
23 Sep 2022
Director ceased
RAJAN DATTATRAY KAMAT
29 Aug 2022
Director appointed
RAJAN DATTATRAY KAMAT (Director)
01 Jun 2022
Director ceased
RAMKRISHNA HEMAPPA SAWKAR
10 Jan 2022
Charge satisfied
Others
14 Feb 2020
Director appointed
VEERESH KUMAR (CFO)
Director appointed
RAJESHKUMAR PAWAR (Company Secretary)
Director appointed
SURYA PRAKASH CHOTIA (Whole-time director)
Director ceased
SURYA PRAKASH CHOTIA
16 Dec 2019
Securities allotted
20000000 Preference Shares - 20.00 cr raised
31 Mar 2019
Director ceased
RASHMI SHRENIK BALDOTA
29 Nov 2018
Charge satisfied
Others
09 Aug 2018
Charge satisfied
Punjab National Bank (International) Limited
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
8 active director(s) / partner(s); board looks stable and experienced.
6 active GST registration(s) indicate ongoing business operations.
All 3 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 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
Godaddysites U15500MH1999PTC121277 Nashik, Maharashtra, India
Apollo Ingredients U24232MH2010PTC210747 Thane, Maharashtra, India
Tandy Innovative Chemicals Private Limited U24100MH1990PTC057763 Gangapur, Maharashtra, India
Adhunik Crop Care Private Limited U24120CH2008PTC031471 Chandigarh, Chandigarh, India
Pap Coat (India) Private Limited U24200DL2012PTC233789 Delhi, Delhi, India
Jaswant Rasayan Pvt Ltd U24200HR1989PTC030512 Haryana, Haryana, India
Accrete Pharma U24239TG2004PTC043737 Hyderabad, Telangana, India
Vision Pharmacoat U74999TG1999PTC113378 Patancheru, Telangana, India
12

Who Uses This Report

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

Verify Mspl Gases Limited before audits and certifications: compliance score 80/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Mspl Gases 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: Mixed indicators - deeper appraisal suggested. Credit risk score 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 50/100, margin trends, ownership structure and peer set for Mspl Gases Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Mspl Gases Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Mspl Gases Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Mspl Gases Limited an active company?

Mspl Gases Limited has MCA status “Active” with a compliance score of 80/100 (Low Risk).

Is Mspl Gases Limited financially healthy?

Mspl Gases Limited has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.

Should I do business with Mspl Gases Limited?

Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Mspl Gases Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 8 active director(s) are on record.

Does Mspl Gases Limited have loans or charges against its assets?

No open charges - all 3 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Mspl Gases Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 80/100 (Low Risk).

Is it risky to lend to Mspl Gases Limited?

Its Credit Risk Score is 55/100 (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.