Naxnova Technologies Private Limited - Due diligence report

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

2011-10-05 Mumbai, Maharashtra Active Unlisted Active Compliant
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NT Naxnova Technologies Private Limited
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Classicstripes — 360° Intelligence Report

Generated from MCA filings & public records
79/100
Trust Score
Low Risk

Classicstripes is assessed as Low Risk with a Trust Score of 79/100. Classicstripes is an active private limited indian non-government company incorporated in 2011, operating in the Automotive sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Naxnova Technologies Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

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
79/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
90/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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: 90/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (A-).

Charges position: 7 open (734.81 cr) · 14 satisfied (1,134.73 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others17 48.0 cr
Axis Bank Limited1 48.0 cr
Hdfc Bank Limited3 48.0 cr
Compliance Score: 68/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 3 court forum(s).
  • 8 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 45/100
NameDIN / PANDesignationAppointedTenureDIN status
SALIL KISHORE MUSALE 01234567 Director 01/04/2018 6 yrs Approved
PANDURANG VASANTRAO CHOUGALE 01234567 Director 01/04/2018 6 yrs Approved
KISHORE MANOHAR MUSALE 01234567 Director 01/04/2018 6 yrs Approved
SAMEER KISHORE MUSALE 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • PANDURANG VASANTRAO CHOUGALE has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 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
3 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Classic Graphics Fze Subsidiary Company 74.00%

Key managerial personnel: SALIL KISHORE MUSALE (Managing Director) · PANDURANG VASANTRAO CHOUGALE (Whole-time director) · SAMEER KISHORE MUSALE (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 90
Growth signals & trust indicators
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 14+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
7 open charge(s) registered - assets are encumbered.
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.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment86/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 7 open charge(s) of 734.81 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view85/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
15 May 2025
Director ceased
KEDAR MANGESH LATKE
03 Feb 2025
Charge created
Others - 93.00 cr
30 Sep 2024
Last AGM held
Annual general meeting
30 Jul 2024
Charge created
Others - 10.00 cr
08 Jul 2024
Charge created
Others - 400.00 cr
31 Mar 2024
Latest balance sheet
Filed with ROC
07 Nov 2023
Charge satisfied
Others
29 Apr 2023
Charge created
Axis Bank Limited - 53.00 cr
28 Mar 2023
Charge created
Others - 30.00 cr
26 Jul 2022
Charge created
Others - 80.00 cr
30 Nov 2021
Director ceased
PANDURANG VASANTRAO CHOUGALE
28 Nov 2021
Director ceased
KISHORE MANOHAR MUSALE
15 Sep 2021
Director appointed
PANDURANG VASANTRAO CHOUGALE (Whole-time director)
29 Sep 2020
Charge created
Others - 68.81 cr
10 Aug 2020
Director ceased
RAHUL HIMATLAL MEHTA
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
4 active director(s) / partner(s); review board churn before relying on management continuity.
8 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A- from Crisil.
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 3 security allotment(s) - amounts available in the full report.
4 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Polmann India U25111MH1993PLC072458 Mumbai, Maharashtra, India
Shankar Packagings U25202GJ1985PLC169777 Vaghodia, Gujarat, India
Aditya Flexipack U21095UP2019PTC123405 Kanpur Dehat, Uttar Pradesh, India
Laxmi Group (India) U34101MH2014PTC256974 Aurangabad, Maharashtra, India
Ayoki Fabricon U27107MH1984PTC034410 Pune, Maharashtra, India
Ncl Alltek & Seccolor U72200TG1986PLC006601 Hyderabad, Telangana, India
Dong - A India Automotive Private Limited U35914TN2002PTC049010 Kancheepuram, Tamil Nadu, India
Plastic Omnium U34300PN2007PTC131148 Pune, Maharashtra, India
12

Who Uses This Report

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

Verify Classicstripes before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Classicstripes: 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: Favourable lending indicators. Credit risk score 90/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Classicstripes - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 79/100, distress signals and MSME payment-delay disclosures - know whether Classicstripes 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 Classicstripes - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Classicstripes an active company?

Classicstripes has MCA status “Active” with a compliance score of 68/100 (Moderate).

Is Classicstripes financially healthy?

Classicstripes has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Classicstripes?

Its overall Trust Score is 79/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Classicstripes?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 4 active director(s) are on record.

Does Classicstripes have loans or charges against its assets?

7 open charge(s) are registered against its assets, and 14 earlier charge(s) stand satisfied.

Is Classicstripes up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 68/100 (Moderate).

Is it risky to lend to Classicstripes?

Its Credit Risk Score is 90/100 (Low Risk). Banker verdict: Favourable lending indicators.

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.