Noble Explochem Limited - Due diligence report

A 360° intelligence report on Noble Explochem Limited: trust score, financial health, credit view, compliance, directors, growth and distres…

1982-03-22 Nagpur, Maharashtra Amalgamated Listed Active Non-Compliant
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NE Noble Explochem Limited
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Noble Explochem Limited — 360° Intelligence Report

Generated from MCA filings & public records
28/100
Trust Score
Caution Indicated

Noble Explochem Limited is assessed as Caution Indicated with a Trust Score of 28/100. Noble Explochem Limited is a public limited indian non-government company incorporated in 1982, operating in the Chemicals and Materials 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 17 Jul 2026 from the latest processed filings. Noble Explochem Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Caution
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 ScoreCaution Indicated
28/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
5/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
20/100
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: 40/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.

Charges position: 8 open (35.81 cr) · 9 satisfied (22.88 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 48.0 cr
Indian Overseas Bank5 48.0 cr
United Western Bank Ltd1 48.0 cr
Shikshak Sahakari Bank Limited1 48.0 cr
The Industrial Credit & Inves. Corpo. Of India Ltd.2 48.0 cr
Industrial Finance Corporation Of India1 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Marked ACTIVE non-compliant (INC-22A).
  • Last balance sheet is for Mar 2018 - filings overdue.
  • Flagged by authority: NCLT, BSE, DSE.
  • Litigation present in 2 court forum(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
VINDA MADHAO WARHADPANDE 01234567 Director 01/04/2018 6 yrs Approved
RAJESHKUMAR LADLIPRASAD JOSHI 01234567 Director 01/04/2018 6 yrs Approved
ISHWAR RAKA DHARAMCHAND 01234567 Director 01/04/2018 6 yrs Approved
RAMESH KOTHARI BHIMRAJ 01234567 Director 01/04/2018 6 yrs Approved
SHYAM SHARMA SUNDER 01234567 Director 01/04/2018 6 yrs Approved
TIKAMCHAND KOTHARI 01234567 Director 01/04/2018 6 yrs Approved
  • 6 directors on the board.
  • RAJESHKUMAR LADLIPRASAD JOSHI 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 2017)
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 2018 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: VINDA MADHAO WARHADPANDE (Whole-time director) · RAMESH KOTHARI BHIMRAJ (Managing Director) · TIKAMCHAND KOTHARI (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 20
Growth signals & trust indicators
Operating for 44+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (5/100).
8 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence16/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 4 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment21/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 8 open charge(s) of 35.81 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view25/100
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
29 Sep 2018
Last AGM held
Annual general meeting
31 Mar 2018
Latest balance sheet
Filed with ROC
12 Feb 2018
Director ceased
VIJAY KUMAR JAIN
20 Dec 2017
Director appointed
ISHWAR RAKA DHARAMCHAND (Director)
03 Feb 2016
Director ceased
MAHAVIR TRILOKCHAND DHANECHA
01 Oct 2014
Director appointed
VINDA MADHAO WARHADPANDE (Whole-time director)
06 May 2014
Charge satisfied
Shikshak Sahakari Bank Limited
04 Jul 2013
Charge satisfied
Canara Bank
25 Mar 2008
Director ceased
VILAS SHESHAGIRI POTDAR
Director ceased
TIKAMCHAND KOTHARI
24 Jan 2008
Charge satisfied
United Western Bank Ltd
11 Jan 2008
Charge created
Others - 30.63 cr
09 Jan 2008
Charge satisfied
Indian Overseas Bank
18 Jun 2007
Director appointed
SHYAM SHARMA SUNDER (Director)
08 Jun 2007
Director ceased
ARUN WASUDEO SAPRE
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
6 active director(s) / partner(s); review board churn before relying on management continuity.
Promoters hold a minority stake as per the FY 2018 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
Healing Heritage Producer Company Limited U00003OR2005PTC008500 Cuttack, Orissa, India
Emsons Organics Limited U51102PB2002PLC025452 Tehsil Rajpura, Punjab, India
Dvp Bio Labs Private Limited U74999TG2017PTC118935 Hyderabad, Telangana, India
Vama Enterprises Private Limited U25209MH1995PTC084844 Mumbai, Maharashtra, India
Camerin Drugs And Pharmaceuticals Ltd U24231KL1979PLC003115 Cannanore, Kerala, India
Maxura Pharmaceutical Private Limited U33309WB2017PTC219670 Kolkata, West Bengal, India
Balbhadrr Pollymer Private Limited U23209DL2005PTC132881 Delhi, Delhi, India
Eurosun Biopharma Private Limited U74900PN2015PTC155719 Pune, Maharashtra, India
12

Who Uses This Report

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

Verify Noble Explochem Limited 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 Noble Explochem 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 40/100, 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 Noble Explochem Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 28/100, distress signals and MSME payment-delay disclosures - know whether Noble Explochem 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 Noble Explochem Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Noble Explochem Limited an active company?

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

Is Noble Explochem Limited financially healthy?

Noble Explochem Limited has a Financial Health Score of 5/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Noble Explochem Limited?

Its overall Trust Score is 28/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Noble Explochem Limited?

Promoters hold a minority stake - exact percentages are in the full report. 6 active director(s) are on record.

Does Noble Explochem Limited have loans or charges against its assets?

8 open charge(s) are registered against its assets, and 9 earlier charge(s) stand satisfied.

Is Noble Explochem Limited up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Noble Explochem Limited?

Its Credit Risk Score is 40/100 (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.