Ring Plus Aqua Limited - Due diligence report

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

1986-09-11 Nasik, Maharashtra Amalgamated Unlisted Active Compliant
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RP Ring Plus Aqua Limited
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Ringplusaqua — 360° Intelligence Report

Generated from MCA filings & public records
70/100
Trust Score
Moderate

Ringplusaqua is assessed as Moderate with a Trust Score of 70/100. Ringplusaqua is a public limited indian non-government company incorporated in 1986, 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 high compliance risk and low financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Ring Plus Aqua Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Caution

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
70/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
29/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (A).

Charges position: 0 open (-) · 72 satisfied (472.56 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others3 48.0 cr
The Saraswat Co-Operative Bank Limited21 48.0 cr
Axis Bank Limited2 48.0 cr
Indusind Bank Ltd.2 48.0 cr
Kotak Mahindra Bank Limited4 48.0 cr
The Saraswat Co-Operative Bank Ltd3 48.0 cr
Compliance Score: 29/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 2 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
PARTHIV TANIL KILACHAND 01234567 Director 01/04/2018 6 yrs Approved
SATISHCHAND MATHUR 01234567 Director 01/04/2018 6 yrs Approved
MANISH KOTHARI 01234567 Director 01/04/2018 6 yrs Approved
BALASUBRAMANIAN VISHWANATHAN 01234567 Director 01/04/2018 6 yrs Approved
SHIV SURINDER KUMAR 01234567 Director 01/04/2018 6 yrs Approved
RAVIKANT UPPAL 01234567 Director 01/04/2018 6 yrs Approved
BHUWAN KUMAR CHATURVEDI 01234567 Director 01/04/2018 6 yrs Approved
RASHMI BRIJGOPAL MUNDADA 01234567 Director 01/04/2018 6 yrs Approved
  • 8 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 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 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
Jk Files & Engineering Limited
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 0 transfer(s)
Group entityRelationship% held
Jk Files & Engineering Limited Holding Company 74.00%

Key managerial personnel: MANISH KOTHARI (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 75 · Distress 65
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Operating for 39+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Adverse company status: Amalgamated.
Compliance score is weak (29/100).
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence52/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment78/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view81/100
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
23 Oct 2025
Charge satisfied
Others
27 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
07 Mar 2024
Securities allotted
2000 Debentures - 200.00 cr raised
04 Mar 2024
Charge created
Others - 200.00 cr
03 Nov 2023
Charge satisfied
Axis Bank Limited
17 Sep 2023
Director ceased
RASHMI BRIJGOPAL MUNDADA
02 May 2023
Director appointed
MANISH KOTHARI (CFO)
10 Mar 2023
Director appointed
RASHMI BRIJGOPAL MUNDADA (Director)
02 Dec 2022
Director ceased
Sitesh Maheshwari
17 Oct 2022
Charge satisfied
Others
25 Aug 2022
Director ceased
Reshma Ghanshamdas Ramchandani
08 Jul 2022
Director ceased
SATISHCHAND MATHUR
16 Nov 2021
Director appointed
BALASUBRAMANIAN VISHWANATHAN (Director)
15 Sep 2021
Director appointed
SATISHCHAND MATHUR (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
8 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 72 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of A from Care.
EPFO-registered employer - verifiable payroll history exists.
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
Jayachandran Alloys Private Limited U27106TZ2006PTC013044 Coimbatore, Tamil Nadu, India
Inframat Alloys Private Limited U27310KA2012PTC084593 Bengaluru, Karnataka, India
Bekaert Eco-Solutions Private Limited U24103PN2007PTC130605 Lonand Satara, Maharashtra, India
Amman -Try Steels Private Limited U27104TN2004PTC054890 Tiruchirappalli, Tamil Nadu, India
Methodex U74140DL1974PTC007280 New Delhi, Delhi, India
Great Eastern Infracon Private Limited U28112WB2004PTC100559 Kolkata, West Bengal, India
Sacec U27104TN1991PTC021637 Chennai, Tamil Nadu, India
Kangaro Industries U99999PB1994PLC014431 Punjab, Punjab, India
12

Who Uses This Report

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

Verify Ringplusaqua before audits and certifications: compliance score 29/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Ringplusaqua: 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 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Ringplusaqua - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 70/100, distress signals and MSME payment-delay disclosures - know whether Ringplusaqua 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 Ringplusaqua - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Ringplusaqua an active company?

Ringplusaqua has MCA status “Amalgamated” with a compliance score of 29/100 (Caution Indicated).

Is Ringplusaqua financially healthy?

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

Should I do business with Ringplusaqua?

Its overall Trust Score is 70/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Ringplusaqua?

The ultimate holding entity is Jk Files & Engineering Limited. 8 active director(s) are on record.

Does Ringplusaqua have loans or charges against its assets?

No open charges - all 72 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Ringplusaqua up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 29/100 (Caution Indicated).

Is it risky to lend to Ringplusaqua?

Its Credit Risk Score is 95/100 (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.