Northway Spaces Limited - Due diligence report

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

2007-03-13 Vadodara, Gujarat Active Unlisted Active Non-Compliant
Share
View plans Plan
NS Northway Spaces Limited
View plans Plan
Full Due-Diligence Report + Documents
  • Unlock all financial figures & 5-year trends
  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
₹700 ₹349 50% off New user
Or enjoy up to 50% off with credits View credit packages
Company Credits – Starter
  • One credit unlocks this full due-diligence report
  • Use across any company’s report, anytime
  • Credits valid for 12 months
× ₹700 ₹279 = ₹2,790 60% off
Choose your own credit amount View credit packages

Northway Spaces — 360° Intelligence Report

Generated from MCA filings & public records
63/100
Trust Score
Moderate

Northway Spaces is assessed as Moderate with a Trust Score of 63/100. Northway Spaces is an active public limited indian non-government company incorporated in 2007, operating in the Real Estate and Construction sector. Reported revenue has declined 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 14 Jul 2026 from the latest processed filings. Northway Spaces Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Good
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
63/100
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
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 35/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 5 open (116.75 cr) · 1 satisfied (9.50 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Axis Bank Limited2 48.0 cr
Sicom Limited3 48.0 cr
Corporation Bank1 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is Active as per MCA.
  • Marked ACTIVE non-compliant (INC-22A).
  • Last balance sheet is for Mar 2017 - filings overdue.
  • Flagged by authority: EPFO.
  • Litigation present in 3 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SANGRAM JAYRAJ BAROT 01234567 Director 01/04/2018 6 yrs Approved
JIGNESHBHAI NALINBHAI KOTADIYA 01234567 Director 01/04/2018 6 yrs Approved
NAVNITBHAI BALUBHAI RUDANI 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2016)
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 2017 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
2 allotment(s) · 0 transfer(s)

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 65 · Distress 80
Growth signals & trust indicators
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
Operating for 19+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Statutory filings appear overdue.
Compliance score is weak (5/100).
5 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 diligence45/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment41/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 5 open charge(s) of 116.75 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view70/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
20 Jan 2021
Director appointed
SANGRAM JAYRAJ BAROT (Director)
Director appointed
JIGNESHBHAI NALINBHAI KOTADIYA (Director)
Director appointed
NAVNITBHAI BALUBHAI RUDANI (Director)
10 Jun 2019
Director ceased
NAMO NARAIN BHATNAGAR
Director ceased
MADHURILATA SURESH BHATNAGAR
11 Apr 2018
Director ceased
SANGRAM JAYRAJ BAROT
30 Mar 2018
Director ceased
RICHA SUMIT BHATNAGAR
Director ceased
MONA AMIT BHATNAGAR
06 Jan 2018
Director ceased
ASWINI KUMAR SAHOO
30 Sep 2017
Last AGM held
Annual general meeting
11 Jul 2017
Director ceased
RAJESH MOHANLAL NIMKAR
31 Mar 2017
Latest balance sheet
Filed with ROC
11 May 2016
Charge satisfied
Corporation Bank
24 Sep 2013
Charge created
Axis Bank Limited - 40.00 cr
19 Sep 2013
Charge created
Axis Bank Limited - 40.00 cr
10

Key Observations

Auto-generated from the data above
Revenue declined 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.
3 active director(s) / partner(s); board looks stable and experienced.
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 2017 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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Maharashtra Theatres Private Limited U92110MH1969PTC014480 Mumbai, Maharashtra, India
Amrit Prime Properties Private Limited U70100MH2005PTC151779 Mumbai, Maharashtra, India
Marvel Zeta Developers Private Limited U45200PN2010PTC136621 Pune, Maharashtra, India
Ess Kay Structures Private Limited U74899DL1988PTC031595 New Delhi, Delhi, India
Sidhant Housing And Development Company (Pvt.Co.With Ult Liab) U45201GJ1988ULT097031 Ahmedabad, Gujarat, India
Redtopaz Real Estate Private Limited U45201DL2006PTC147961 New Delhi, Delhi, India
Aquamarine Realty Private Limited U70100MH2006PTC159053 Mumbai, Maharashtra, India
Qvcrealty L45208KA2007PLC041581 Bangalore, Karnataka, India
12

Who Uses This Report

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

Verify Northway Spaces 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 Northway Spaces: 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 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 65/100, margin trends, ownership structure and peer set for Northway Spaces - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 63/100, distress signals and MSME payment-delay disclosures - know whether Northway Spaces 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 Northway Spaces - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Northway Spaces an active company?

Northway Spaces has MCA status “Active” with a compliance score of 5/100 (Caution Indicated).

Is Northway Spaces financially healthy?

Northway Spaces has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Northway Spaces?

Its overall Trust Score is 63/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Northway Spaces?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Northway Spaces have loans or charges against its assets?

5 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.

Is Northway Spaces 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 Northway Spaces?

Its Credit Risk Score is 35/100 (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.