Orissa Industries Ltd - Due diligence report

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

1944-12-23 Sundargarh, Orissa Active Listed Active Non-Compliant
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OI Orissa Industries Ltd
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Florind — 360° Intelligence Report

Generated from MCA filings & public records
50/100
Trust Score
Moderate

Florind is assessed as Moderate with a Trust Score of 50/100. Florind is an active public limited indian non-government company incorporated in 1944, operating in the Manufacturing 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 16 Jul 2026 from the latest processed filings. Orissa Industries Ltd snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Weak

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
50/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
30/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
35/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
30/100
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 ScoreModerate
60/100
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: 30/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Open charges exceed net worth - secured lenders rank ahead.

Charges position: 1 open (16.00 cr) · 4 satisfied (84.25 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Shashwat International Limited1 48.0 cr
United Bank Of India2 48.0 cr
Bank Of Baroda1 48.0 cr
Vijaya Bank1 48.0 cr
Compliance Score: 30/100 Caution Indicated
  • Company status is Active as per MCA.
  • Marked ACTIVE non-compliant (INC-22A).
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: DRT, EPFO, DSE.
  • Litigation present in 3 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
RAVIN JHUNJHUNWALA 01234567 Director 01/04/2018 6 yrs Approved
PRAVEEN REEHL 01234567 Director 01/04/2018 6 yrs Approved
PUJA MISHRA 01234567 Director 01/04/2018 6 yrs Approved
RATHINDRANATH BHATTACHARYYA 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • PRAVEEN REEHL has DIN status "Disqualified by RoC u/s 164(2)".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
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
1
Capital events
2 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Orind Exports Limited. Associate Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 60
Growth signals & trust indicators
Operating for 81+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Compliance score is weak (30/100).
1 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.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment32/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 16.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view41/100
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
30 Sep 2025
Last AGM held
Annual general meeting
06 May 2025
Charge satisfied
United Bank Of India
31 Mar 2025
Latest balance sheet
Filed with ROC
07 May 2015
Director ceased
MOHAN KUMARJHUNJHUNWALA
01 Dec 2014
Director ceased
NIMAIN CHARAN DAS
30 Jun 2011
Director ceased
SUBODH KUMAR BASU
Director ceased
SURESH CHANDER KUCCHAL
01 Mar 2011
Securities allotted
2000000.00 Equity Shares - 17.00 cr raised
Securities allotted
2000000 Equity Shares Without Differential Rights - 17.00 cr raised
09 Oct 2009
Charge created
United Bank Of India - 16.00 cr
14 May 2009
Charge satisfied
United Bank Of India
03 Jan 2009
Charge satisfied
Shashwat International Limited
17 Oct 2008
Charge created
Bank Of Baroda - 16.00 cr
16 Sep 2008
Charge satisfied
Vijaya Bank
31 Jul 2007
Director ceased
AJAY CHANDRAKANT SHARANGDHAR
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Debt-to-equity stands at 1.42 - leverage worth monitoring.
Net worth is positive.
4 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2022 annual return.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Saraf Glass Private Limited U26101WB1996PTC081287 Kolkata, West Bengal, India
Zeme U24230MH2020PTC351797 Navi Mumbai, Maharashtra, India
Unido Insecticides Private Limited U72900UP2002PTC026742 Uttar Pradesh, Uttar Pradesh, India
Trumed Lifescience Solutions Private Limited U52609TN2016PTC113001 Hasthampathy, Tamil Nadu, India
Parth Cement And Engineering Products Pvt Ltd U26940MH1993PTC074097 Nashik, Maharashtra, India
S V Tank And Vessel Limited U74999MH1985PLC035207 Mumbai, Maharashtra, India
Perfect Refractories Private Limited U26921WB1991PTC097882 Kolkata, West Bengal, India
Vinav Ceramics Pvt Ltd U63040GJ1995PTC026791 Baroda, Gujarat, India
12

Who Uses This Report

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

Verify Florind before audits and certifications: compliance score 30/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Florind: 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 30/100, 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 Florind - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 50/100, distress signals and MSME payment-delay disclosures - know whether Florind 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 Florind - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Florind an active company?

Florind has MCA status “Active” with a compliance score of 30/100 (Caution Indicated).

Is Florind financially healthy?

Florind has a Financial Health Score of 35/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Florind?

Its overall Trust Score is 50/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Florind?

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

Does Florind have loans or charges against its assets?

1 open charge(s) are registered against its assets, and 4 earlier charge(s) stand satisfied.

Is Florind up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 30/100 (Caution Indicated).

Is it risky to lend to Florind?

Its Credit Risk Score is 30/100 (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.