Pinakin Plastoforming Limited - Due diligence report

A 360° intelligence report on Pinakin Plastoforming Limited: trust score, financial health, credit view, compliance, directors, growth and d…

2002-01-02 Vadodara, Gujarat Active Unlisted Active Compliant
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Pinakin Plastoforming Limited — 360° Intelligence Report

Generated from MCA filings & public records
58/100
Trust Score
Moderate

Pinakin Plastoforming Limited is assessed as Moderate with a Trust Score of 58/100. Pinakin Plastoforming Limited is an active public limited indian non-government company incorporated in 2002, 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 moderate compliance risk and high financial risk profile.

Report generated on 17 Aug 2026 from the latest processed filings. Pinakin Plastoforming Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Good

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
58/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
61/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
15/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
45/100
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: 45/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Externally credit-rated (D).

Charges position: 2 open (17.00 cr) · 6 satisfied (26.74 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others2 48.0 cr
Dena Bank2 48.0 cr
Bank Of India4 48.0 cr
Compliance Score: 61/100 Moderate
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2022 - filings overdue.
  • Litigation present in 2 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
DIVYESH DINESHKUMAR JOSHI 01234567 Director 01/04/2018 6 yrs Approved
PRATIKSHA DIVYESH JOSHI 01234567 Director 01/04/2018 6 yrs Approved
DINESHKUMAR BHULESHWAR JOSHI 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 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 2020 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
10 allotment(s) · 3 transfer(s)

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

Key managerial personnel: DIVYESH DINESHKUMAR JOSHI (Whole-time director) · DINESHKUMAR BHULESHWAR JOSHI (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 45
Growth signals & trust indicators
Operating for 24+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Negative net worth.
Statutory filings appear overdue.
2 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 diligence55/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment40/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 17.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view36/100
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 team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2022
Last AGM held
Annual general meeting
31 Mar 2022
Latest balance sheet
Filed with ROC
31 Mar 2017
Director ceased
DHIRUBHAI DURLABHBHAI SOLANKI
Director ceased
RAJESHKUMAR VASANTLAL PATEL
Director ceased
BALDEVSINGH JASUBHAI PARMAR
Director ceased
BELA ATUL SHAH
23 Apr 2016
Securities allotted
1213700 Equity Shares Without Differential Rights - 1.21 cr raised
31 Mar 2016
Share transfer (FY 2016)
1.00000000 shares to Prakash Smeet
Share transfer (FY 2016)
1.00000000 shares to Dinesh Minakshi
Share transfer (FY 2016)
1.00000000 shares to Gopal Rahul
29 Mar 2016
Securities allotted
1213700 Equity Shares Without Differential Rights - 1.21 cr raised
16 Feb 2016
Director ceased
PRATIKSHA DIVYESH JOSHI
Director ceased
DINESHKUMAR BHULESHWAR JOSHI
16 Jan 2016
Director ceased
DEVYANIBEN DINESHBHAI JOSHI
17 Oct 2015
Charge created
Others - 8.50 cr
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of D from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2020 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 10 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Diamond Machinery Company Private Limited U24131KA1995PTC017984 Bengaluru, Karnataka, India
Dambo Foodpac Private Limited U21000GA2015PTC007736 Margao, Goa, India
Uberlyfe U22222DL2007PTC167654 Delhi, Delhi, India
Welkin Industries Private Limited U21000DL2018PTC335127 Delhi, Delhi, India
Welcome Homes Pvt.Ltd. U70109WB1994PTC067013 Uluberia - Ii, West Bengal, India
Bharpai Impex Private Limited U51109DL2009PTC194487 Delhi, Delhi, India
Sr Plasters Private Limited U24245TG2007PTC053670 Ramachandrapuram, Telangana, India
Gibam India U36102MH2007PTC171224 Borivali West, Maharashtra, India
12

Who Uses This Report

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

Verify Pinakin Plastoforming Limited before audits and certifications: compliance score 61/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Pinakin Plastoforming 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 45/100, 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 Pinakin Plastoforming Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 58/100, distress signals and MSME payment-delay disclosures - know whether Pinakin Plastoforming 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 Pinakin Plastoforming Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Pinakin Plastoforming Limited an active company?

Pinakin Plastoforming Limited has MCA status “Active” with a compliance score of 61/100 (Moderate).

Is Pinakin Plastoforming Limited financially healthy?

Pinakin Plastoforming Limited has a Financial Health Score of 15/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Pinakin Plastoforming Limited?

Its overall Trust Score is 58/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Pinakin Plastoforming Limited?

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

Does Pinakin Plastoforming Limited have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 6 earlier charge(s) stand satisfied.

Is Pinakin Plastoforming Limited up to date with its ROC filings?

Last balance sheet is for Mar 2022 - filings overdue. Overall compliance score: 61/100 (Moderate).

Is it risky to lend to Pinakin Plastoforming Limited?

Its Credit Risk Score is 45/100 (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.