Nirani Sugars Limited - Due diligence report

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

1995-12-06 Na, Karnataka Amalgamated Unlisted Active Compliant
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NS Nirani Sugars Limited
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Nsl — 360° Intelligence Report

Generated from MCA filings & public records
54/100
Trust Score
Moderate

Nsl is assessed as Moderate with a Trust Score of 54/100. Nsl is a public limited indian non-government company incorporated in 1995, operating in the Agriculture 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 high compliance risk and low financial risk profile.

Report generated on 26 Jul 2026 from the latest processed filings. Nirani Sugars Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Caution

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
54/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
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: 60/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Profitable - internal accruals available.
  • Externally credit-rated (BBB-).

Charges position: 0 open (-) · 30 satisfied (1,742.47 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Bank Of India13 48.0 cr
Others2 48.0 cr
Idbi Bank Limited3 48.0 cr
Indian Renewable Energy Development Agency Limited2 48.0 cr
The Karnataka State Cooperative Apex Bank Limited1 48.0 cr
Union Bank Of India1 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Last balance sheet is for Mar 2022 - filings overdue.
  • Litigation present in 4 court forum(s).
  • 1 auditor resignation(s) filed - latest: NVA and Associates on 2021-12-20.
  • Delayed payments to MSME suppliers disclosed (6 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (4)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
KAMALA MURIGEPPA NIRANI 01234567 Director 01/04/2018 6 yrs Approved
BHAGAWANDAS MUKUNDAS JAJU 01234567 Director 01/04/2018 6 yrs Approved
VENKATACHALAM BALASUBRAMANIAN 01234567 Director 01/04/2018 6 yrs Approved
VIKRAM DATTATRAY KAKADE 01234567 Director 01/04/2018 6 yrs Approved
MANALI GAJANAN VELANGI 01234567 Director 01/04/2018 6 yrs Approved
VIKRAM DATTATRAY KAKADE 01234567 Director 01/04/2018 6 yrs Approved
MALLIKARJUN BHIMAPPA DYABERI 01234567 Director 01/04/2018 6 yrs Approved
VIJAY MURUGESH NIRANI 01234567 Director 01/04/2018 6 yrs Approved
  • 8 directors on the board.
  • VIKRAM DATTATRAY KAKADE has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 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
6 allotment(s) · 0 transfer(s)

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

Key managerial personnel: VIKRAM DATTATRAY KAKADE (CFO) · VIKRAM DATTATRAY KAKADE (CFO) · VIJAY MURUGESH NIRANI (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 55
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
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 30+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (5/100).
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 29.78 Lakh.
4 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence35/100
Caution indicated
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 assessment54/100
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 view81/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 5 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
28 Dec 2023
Charge satisfied
Bank Of India
28 Nov 2023
Charge satisfied
Bank Of India
09 Nov 2023
Charge satisfied
Bank Of India
07 Oct 2023
Director appointed
MANALI GAJANAN VELANGI (Company Secretary)
20 Sep 2023
Charge satisfied
Bank Of India
18 May 2023
Charge satisfied
Bank Of India
29 Mar 2023
Charge satisfied
Others
30 Sep 2022
Last AGM held
Annual general meeting
10 May 2022
Securities allotted
638000 Equity Shares - 6.38 cr raised
31 Mar 2022
Securities allotted
1350000 Equity Shares - 13.50 cr raised
Latest balance sheet
Filed with ROC
23 Mar 2022
Charge created
Others - 232.66 cr
04 Jan 2022
Charge satisfied
Indian Renewable Energy Development Agency Limited
21 May 2021
Charge satisfied
Union Bank Of India
20 May 2021
Securities allotted
4996570 Equity Shares - 49.97 cr raised
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 - leverage worth monitoring.
Net worth is positive.
8 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
All 30 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of BBB- from Brickwork.
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.
Capital has been raised through 6 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Freshalicious Super Bazaar Private Limited U52590KA2015PTC081601 Bengaluru, Karnataka, India
Shri Sai Priya Sugars Limited U15429KA2002PLC030008 Bagalkot, Karnataka, India
Eastern U15499KA1989PTC153490 Bangaluru, Karnataka, India
Deepak Nexgen Foods And Feeds Private Limited U15122AP2015PTC097234 Vijayawada, Andhra Pradesh, India
Kute Sons Dairys Limited U01409PN1996PLC097492 Satara, Maharashtra, India
Mohan Breweries And Distilleries Limited U15531TN1982PLC009285 Chennai, Tamil Nadu, India
Lohiya Veg Oils Private Limited U15142TG2003PTC042226 -
Hariomkar Food Products Private Limited U15122MH2013PTC244715 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Nsl before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Nsl: 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 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Nsl - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 54/100, distress signals and MSME payment-delay disclosures - know whether Nsl 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 Nsl - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Nsl an active company?

Nsl has MCA status “Amalgamated” with a compliance score of 5/100 (Caution Indicated).

Is Nsl financially healthy?

Nsl has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Nsl?

Its overall Trust Score is 54/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Nsl?

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

Does Nsl have loans or charges against its assets?

No open charges - all 30 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Nsl up to date with its ROC filings?

Last balance sheet is for Mar 2022 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Nsl?

Its Credit Risk Score is 60/100 (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.