Rinac - Due diligence report

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

1994-01-31 Bangalore, Karnataka Active Unlisted Active Compliant
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Rinac — 360° Intelligence Report

Generated from MCA filings & public records
84/100
Trust Score
Low Risk

Rinac is assessed as Low Risk with a Trust Score of 84/100. Rinac is an active public limited indian non-government company incorporated in 1994, operating in the Engineering 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 moderate compliance risk and low financial risk profile.

Report generated on 02 Oct 2026 from the latest processed filings. Rinac India Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
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 ScoreLow Risk
84/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
60/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
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: 55/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 1.42).
  • Profitable - internal accruals available.
  • Externally credit-rated (A3).

Charges position: 3 open (140.00 cr) · 6 satisfied (32.09 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others3 48.0 cr
Development Credit Bank Limited1 48.0 cr
H.D.F.C. Bank Limited1 48.0 cr
The Hongkong And Shanghai Banking Corporation Ltd1 48.0 cr
The Hongkong And Shanghai Banking Corporation Limited1 48.0 cr
The Dhanlakshmi Bank Ltd.1 48.0 cr
Compliance Score: 60/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2025).
  • Litigation present in 4 court forum(s).
  • Delayed payments to MSME suppliers disclosed (15 disclosure(s)).
  • 14 active GST registration(s).
Legal cases on record (4)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
NAGARAJAN SIVARAMAKRISHNAN 01234567 Director 01/04/2018 6 yrs Approved
AMBUJAM NAIR KAPOOR 01234567 Director 01/04/2018 6 yrs Approved
DINESH BHANDARY 01234567 Director 01/04/2018 6 yrs Approved
KRISHNAN PARASURAMAN 01234567 Director 01/04/2018 6 yrs Approved
SUKUMARAN PARAKKEL 01234567 Director 01/04/2018 6 yrs Approved
NARASINGANALLORE VENKATESH SRINIVASAN 01234567 Director 01/04/2018 6 yrs Approved
PUTHUCODE VENKITESWARAN VADIYANATHAN 01234567 Director 01/04/2018 6 yrs Approved
MANIKANDAN RAJALINGAM 01234567 Director 01/04/2018 6 yrs Approved
BALASUBRAMANIAN VAIDYANATHAN PUTHUCODE 01234567 Director 01/04/2018 6 yrs Approved
  • 9 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 2025)
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
2 allotment(s) · 0 transfer(s)

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

Key managerial personnel: DINESH BHANDARY (CFO) · SUKUMARAN PARAKKEL (Whole-time director) · BALASUBRAMANIAN VAIDYANATHAN PUTHUCODE (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
Operating for 32+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
3 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 9.32 cr.
4 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence76/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment68/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 140.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view92/100
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
03 Jun 2025
Charge created
Others - 20.00 cr
01 Apr 2025
Director appointed
NAGARAJAN SIVARAMAKRISHNAN (Additional Director)
Director appointed
NARASINGANALLORE VENKATESH SRINIVASAN (Additional Director)
31 Mar 2025
Director ceased
NEDUNGAT SIVASANKARAN
Director ceased
YASHO VERDHAN VERMA
Latest balance sheet
Filed with ROC
18 Mar 2025
Charge satisfied
Development Credit Bank Limited
02 Jul 2024
Charge created
Others - 50.00 cr
28 Sep 2023
Director ceased
AMBUJAM NAIR KAPOOR
17 Dec 2022
Director appointed
AMBUJAM NAIR KAPOOR (Director)
29 Mar 2019
Director appointed
DINESH BHANDARY (CFO)
05 Sep 2017
Director appointed
KRISHNAN PARASURAMAN (Nominee Director)
Director ceased
PUTHUCODE VENKITESWARAN VADIYANATHAN
27 Jun 2017
Director ceased
MOUSUM PAL CHOUDHURY
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
9 active director(s) / partner(s); board looks stable and experienced.
14 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A3 from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Shri Balaji Industrial Products Limited U27106RJ1983PLC002831 Jaipur, Rajasthan, India
Prashant Castech Private Limited U27310GJ2009PTC056501 Rajkot, Gujarat, India
Him Teknoforge L29130HP1971PLC000904 Baddi, Himachal Pradesh, India
Saboo Tor Private Limited U27109HP1991PTC011419 Himachal Pradesh, Himachal Pradesh, India
Nhkspringindia U35100HR1996PLC034459 Gurgaon Har, Haryana, India
Consolidated Coin Company Private Limited U74899DL1994PTC058872 New Delhi, Delhi, India
Thakur Prasad Sao & Sons Pvt Ltd U10200WB1986PTC041629 Kolkata, West Bengal, India
Abhishek Re Rolling Mills (India) Private Limited U27320TG2017PTC119708 Secunderabad, Telangana, India
12

Who Uses This Report

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

Verify Rinac before audits and certifications: compliance score 60/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Rinac: 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: Mixed indicators - deeper appraisal suggested. Credit risk score 55/100, 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 Rinac - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 84/100, distress signals and MSME payment-delay disclosures - know whether Rinac pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Rinac - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Rinac an active company?

Rinac has MCA status “Active” with a compliance score of 60/100 (Moderate).

Is Rinac financially healthy?

Rinac has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Rinac?

Its overall Trust Score is 84/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Rinac?

Promoters hold a majority stake - exact percentages are in the full report. 9 active director(s) are on record.

Does Rinac have loans or charges against its assets?

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

Is Rinac up to date with its ROC filings?

Balance sheet slightly behind (Mar 2025). Overall compliance score: 60/100 (Moderate).

Is it risky to lend to Rinac?

Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

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.