Ray Engineering - Due diligence report

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

2006-09-22 Mumbai, Maharashtra Active Unlisted Active Compliant
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Ray Engineering — 360° Intelligence Report

Generated from MCA filings & public records
90/100
Trust Score
Low Risk

Ray Engineering is assessed as Low Risk with a Trust Score of 90/100. Ray Engineering is an active private limited indian non-government company incorporated in 2006, operating in the Infrastructure and Utilities 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 26 Sep 2026 from the latest processed filings. Ray Engineering 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
90/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
86/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
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: 70/100 Moderate
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 38%).
  • Profitable - internal accruals available.
  • Externally credit-rated (BBB-).

Charges position: 45 open (273.18 cr) · 103 satisfied (99.24 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Canara Bank28 48.0 cr
The South Indian Bank Limited14 48.0 cr
Others62 48.0 cr
Indian Bank5 48.0 cr
Sundaram Finance Limited39 48.0 cr
Compliance Score: 86/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 2 court forum(s).
  • 10 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
MUKALADIYIL KOCHUKUNJU THOMAS 01234567 Director 01/04/2018 6 yrs Approved
MUKALADIYIL KOCHUKUNJU VARGHESE 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
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 2025 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
3 allotment(s) · 7 transfer(s)

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

Key managerial personnel: MUKALADIYIL KOCHUKUNJU THOMAS (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 20+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
45 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 diligence88/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment80/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 45 open charge(s) of 273.18 cr already registered.
  • Compliance record supports lending.
Investor view88/100
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
30 Sep 2025
Last AGM held
Annual general meeting
09 Jun 2025
Charge created
Others - 1.01 cr
31 May 2025
Charge created
Others - 32.00 Lakh
28 May 2025
Charge created
Others - 35.00 Lakh
17 May 2025
Charge created
Canara Bank - 10.90 Lakh
08 Apr 2025
Charge satisfied
Others
07 Apr 2025
Charge created
Canara Bank - 9.40 Lakh
Charge created
Canara Bank - 11.30 Lakh
31 Mar 2025
Latest balance sheet
Filed with ROC
28 Mar 2025
Charge created
Others - 42.30 Lakh
26 Mar 2025
Charge satisfied
Others
04 Mar 2025
Director ceased
BHARGAVAN SATHYAN
09 Jan 2025
Charge created
Others - 67.40 Lakh
31 Dec 2024
Charge created
Canara Bank - 19.00 Lakh
Charge created
Canara Bank - 15.40 Lakh
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
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.
10 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BBB- from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Techno Power Enterprises Private Limited U45309NL2000PTC006046 Dimapur, Nagaland, India
Opera Energy Private Limited U40109GJ2012PTC071508 Jamnagar, Gujarat, India
Rsb Projects Private Limited U45203DL1981PTC012718 New Delhi, Delhi, India
Onshore Construction U45200MH1995PTC091886 Mumbai, Maharashtra, India
Rkec Projects L43900AP2005PLC045795 Visakhapatnam, Andhra Pradesh, India
Gcmpl U10102DL1998PTC094328 New Delhi, Delhi, India
Trans-Nobles Realty Private Limited U45200GJ2005PTC046906 Ahmedabad, Gujarat, India
Saket Infraprojects Private Limited U45201MH2006PTC163441 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Ray Engineering before audits and certifications: compliance score 86/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Ray Engineering: 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 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 85/100, margin trends, ownership structure and peer set for Ray Engineering - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 90/100, distress signals and MSME payment-delay disclosures - know whether Ray Engineering 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 Ray Engineering - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Ray Engineering an active company?

Ray Engineering has MCA status “Active” with a compliance score of 86/100 (Low Risk).

Is Ray Engineering financially healthy?

Ray Engineering has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Ray Engineering?

Its overall Trust Score is 90/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Ray Engineering?

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

Does Ray Engineering have loans or charges against its assets?

45 open charge(s) are registered against its assets, and 103 earlier charge(s) stand satisfied.

Is Ray Engineering up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 86/100 (Low Risk).

Is it risky to lend to Ray Engineering?

Its Credit Risk Score is 70/100 (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.