Pelican Engitech Private Limited - Due diligence report

A 360° intelligence report on Pelican Engitech Private Limited: trust score, financial health, credit view, compliance, directors, growth an…

2019-05-10 Anandpar, Gujarat Active Unlisted
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Pelican Engitech Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
88/100
Trust Score
Low Risk

Pelican Engitech Private Limited is assessed as Low Risk with a Trust Score of 88/100. Pelican Engitech Private Limited is an active private limited indian non-government company incorporated in 2019, operating in the Machinery and Equipment 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 low compliance risk and low financial risk profile.

Report generated on 08 Aug 2026 from the latest processed filings. Pelican Engitech Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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
88/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
92/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
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.

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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: 50/100 Moderate
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 38%).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 1 open (12.38 cr) · 2 satisfied (15.98 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Sidbi2 48.0 cr
Others1 48.0 cr
Compliance Score: 92/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Delayed payments to MSME suppliers disclosed (12 disclosure(s)).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
VASU BHARATKUMAR SHRIMANKER 01234567 Director 01/04/2018 6 yrs Approved
SURAJ ASHVIN SHAH 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2024 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
5 allotment(s) · 2 transfer(s)

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

Key managerial personnel: SURAJ ASHVIN SHAH (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
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 7 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
1 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 17.73 Lakh.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence90/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment70/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 12.38 cr already registered.
  • Compliance record supports lending.
Investor view88/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 5 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2025
Last AGM held
Annual general meeting
05 Jun 2025
Charge satisfied
Sidbi
24 Apr 2025
Charge created
Others - 12.38 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
02 May 2024
Charge created
Sidbi - 1.65 cr
31 Mar 2024
Share transfer (FY 2024)
204000 shares to SURAJ ASHVIN SHAH
01 Aug 2022
Director appointed
VASU BHARATKUMAR SHRIMANKER (Director)
Director ceased
BHARAT JAMNADAS SHRIMANKER
Director ceased
SURAJ ASHVIN SHAH
31 Mar 2022
Share transfer (FY 2022)
3468000 shares to VASU BHARATKUMAR SHRIMANKER
04 Sep 2020
Securities allotted
1080000 Equity Shares - 1.08 cr raised
01 Jan 2020
Securities allotted
1000000 Equity Shares - 1.00 cr raised
20 Dec 2019
Securities allotted
1000000 Equity Shares - 1.00 cr raised
17 Sep 2019
Securities allotted
970000 Equity Shares - 97.00 Lakh raised
16 Sep 2019
Charge created
Sidbi - 14.33 cr
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
2 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 2024 annual return.
Capital has been raised through 5 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Pvs Packaging Private Limited U21000HR2021PTC092828 Ganaur, Haryana, India
Shantdeep Metals Private Limited U27100MH2010PTC198852 Aurangabad, Maharashtra, India
Cas Weighing India Private Limited U74999HR2002PTC034839 Gurgaon, Haryana, India
Dura Magnets Pvt Ltd U31904MH1980PTC022854 Pune, Maharashtra, India
Bpa Engineering Equipments Private Limited U31909WB2007PTC114954 Kolkata, West Bengal, India
Blasto Metal Spray Processors Private Limited U27320TN2020PTC134594 Chennai, Tamil Nadu, India
Ami Refractrahold Limited U24109MH2023PLC403075 Mumbai, Maharashtra, India
Merrick Industries Private Limited U29300KA2012FTC062945 Bangalore, Karnataka, India
12

Who Uses This Report

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

Verify Pelican Engitech Private Limited before audits and certifications: compliance score 92/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Pelican Engitech Private 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: Favourable lending indicators. Credit risk score 50/100, 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 Pelican Engitech Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 88/100, distress signals and MSME payment-delay disclosures - know whether Pelican Engitech Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Pelican Engitech Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Pelican Engitech Private Limited an active company?

Pelican Engitech Private Limited has MCA status “Active” with a compliance score of 92/100 (Low Risk).

Is Pelican Engitech Private Limited financially healthy?

Pelican Engitech Private Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Pelican Engitech Private Limited?

Its overall Trust Score is 88/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Pelican Engitech Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 2 active director(s) are on record.

Does Pelican Engitech Private Limited have loans or charges against its assets?

1 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Pelican Engitech Private Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 92/100 (Low Risk).

Is it risky to lend to Pelican Engitech Private Limited?

Its Credit Risk Score is 50/100 (Moderate). 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.