Rays Prime Logistics Private Limited - Due diligence report

A 360° intelligence report on Rays Prime Logistics Private Limited: trust score, financial health, credit view, compliance, directors, growt…

1993-06-18 Mumbai, Maharashtra Active Unlisted Active Compliant
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Rays Prime Logistics Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
89/100
Trust Score
Low Risk

Rays Prime Logistics Private Limited is assessed as Low Risk with a Trust Score of 89/100. Rays Prime Logistics Private Limited is an active private limited indian non-government company incorporated in 1993, operating in the Transport and Logistics 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 30 Sep 2026 from the latest processed filings. Rays Prime Logistics 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
89/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
81/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
75/100
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.

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: 75/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 4 open (85.00 cr) · 1 satisfied (9.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India1 48.0 cr
Others2 48.0 cr
Citi Bank N.A.1 48.0 cr
Union Bank Of India1 48.0 cr
Compliance Score: 81/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2025).
  • Litigation present in 1 court forum(s).
  • 2 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
ANAND PRAFUL VAGHANI 01234567 Director 01/04/2018 6 yrs Approved
PRAFHUL NATHALAL VAGHANI 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.
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 2023 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) · 1 transfer(s)

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

Key managerial personnel: PRAFHUL NATHALAL VAGHANI (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.
Asset base grew 0.86 - capacity expansion.
Operating for 33+ years.
Active GST registration(s).
Distress signals & risk flags
4 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence86/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment81/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 4 open charge(s) of 85.00 cr already registered.
  • Compliance record supports lending.
Investor view92/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 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
31 Jul 2025
Charge created
Others - 20.00 cr
07 Jun 2025
Charge created
Citi Bank N.A. - 10.00 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
22 Jul 2024
Charge created
Others - 5.00 cr
18 Oct 2023
Charge created
State Bank Of India - 50.00 cr
18 Sep 2020
Charge satisfied
Union Bank Of India
31 Mar 2017
Share transfer (FY 2017)
1005.00000000 shares to Vaghani INC Vaghani INC
28 Jan 2015
Director ceased
MADHUKAR APPA PANDIT
30 Sep 2011
Director ceased
ANAND PRAFUL VAGHANI
05 Apr 2011
Securities allotted
18500 Equity Shares Without Differential Rights - 18.50 Lakh raised
28 Mar 2011
Securities allotted
18500 Equity Shares Without Differential Rights - 18.50 Lakh raised
14 Mar 2011
Charge created
Union Bank Of India - 9.00 cr
01 Oct 2010
Director appointed
ANAND PRAFUL VAGHANI (Director)
01 Apr 2009
Director ceased
PRAFHUL NATHALAL VAGHANI
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
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.
2 active GST registration(s) indicate ongoing business operations.
Promoters hold a dominant controlling stake as per the FY 2023 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
Alps Logistics India Private Limited U93090HR2018FTC072224 Sohna Road, Haryana, India
Shreeparam Exim And Cargo India (Opc) Private Limited U63030WB2018OPC228797 Kolkata, West Bengal, India
Amco Cargo Systems (India ) Private Limited U63000MH2002PTC138043 Kharghar Navi Mumbai, Maharashtra, India
Bobbagroup U62200KA2007PTC044812 Bg North, Karnataka, India
Chamadia Distribution Private Limited U29299MH1996PTC103107 Pune, Maharashtra, India
Jaagruthi Logistics Private Limited U74900TG2008PTC059705 Seri Lingampally, Telangana, India
Shivganga Transport Pvt Ltd U63040MH1987PTC044255 Mumbai, Maharashtra, India
Scm For You U74120DL2014PTC263001 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Rays Prime Logistics Private Limited before audits and certifications: compliance score 81/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Rays Prime Logistics 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 75/100, 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 Rays Prime Logistics Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 89/100, distress signals and MSME payment-delay disclosures - know whether Rays Prime Logistics Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Rays Prime Logistics Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Rays Prime Logistics Private Limited an active company?

Rays Prime Logistics Private Limited has MCA status “Active” with a compliance score of 81/100 (Low Risk).

Is Rays Prime Logistics Private Limited financially healthy?

Rays Prime Logistics Private Limited has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Rays Prime Logistics Private Limited?

Its overall Trust Score is 89/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Rays Prime Logistics Private Limited?

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

Does Rays Prime Logistics Private Limited have loans or charges against its assets?

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

Is Rays Prime Logistics Private Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2025). Overall compliance score: 81/100 (Low Risk).

Is it risky to lend to Rays Prime Logistics Private Limited?

Its Credit Risk Score is 75/100 (Low Risk). 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.