Shandar Modular Systems Private Limited - Due diligence report

A 360° intelligence report on Shandar Modular Systems Private Limited: trust score, financial health, credit view, compliance, directors, gr…

2004-10-21 Pune, Maharashtra Active Unlisted Active Compliant
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SM Shandar Modular Systems Private Limited
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Shandar Modular Systems Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
94/100
Trust Score
Low Risk

Shandar Modular Systems Private Limited is assessed as Low Risk with a Trust Score of 94/100. Shandar Modular Systems Private Limited is an active private limited indian non-government company incorporated in 2004, operating in the Consumer Electronics & Durables 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 17 Jul 2026 from the latest processed filings. Shandar Modular Systems 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
94/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
92/100
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
85/100
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: 85/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 11 open (14.73 cr) · 4 satisfied (1.14 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others9 48.0 cr
Punjab National Bank6 48.0 cr
Compliance Score: 92/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Delayed payments to MSME suppliers disclosed (3 disclosure(s)).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SUJATA ANAND THORAT 01234567 Director 01/04/2018 6 yrs Approved
ASHWIN THORAT DIGAMBAR 01234567 Director 01/04/2018 6 yrs Approved
UMESH BAPURAO MULAY 01234567 Director 01/04/2018 6 yrs Approved
UJJWALA ASHWIN THORAT 01234567 Director 01/04/2018 6 yrs Approved
  • 4 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 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 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
0 allotment(s) · 2 transfer(s)

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

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.
Net margin improved to 61%.
Operating for 21+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
11 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 10.96 Lakh.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence92/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment90/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 11 open charge(s) of 14.73 cr already registered.
  • Compliance record supports lending.
Investor view95/100
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 Mar 2025
Latest balance sheet
Filed with ROC
31 Mar 2023
Share transfer (FY 2023)
18600.00000000 shares to Ashwin Digambar Thorat
Share transfer (FY 2023)
18600.00000000 shares to Anand Digambar Thorat
20 Aug 2022
Director ceased
DIGAMBAR DAMODAR THORAT
08 Jun 2022
Charge created
Others - 8.00 cr
Charge created
Others - 3.00 cr
12 Aug 2021
Charge created
Others - 20.00 Lakh
27 May 2020
Charge created
Others - 35.00 Lakh
Charge created
Others - 47.02 Lakh
Charge created
Others - 1.21 cr
05 Apr 2019
Charge created
Others - 23.00 Lakh
15 Nov 2018
Charge created
Others - 21.50 Lakh
27 Jul 2018
Charge satisfied
Punjab National Bank
16 Feb 2018
Charge created
Others - 19.00 Lakh
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
4 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Cirrus Graphics Private Limited U22212DL2005PTC132952 Delhi, Delhi, India
Innovative Flexotech Private Limited U29293GJ2007PTC051245 Daskroi, Gujarat, India
Pascom Industries Private Limited U21000RJ2021PTC074431 Jaipur, Rajasthan, India
Window Expert Industries Private Limited U36900MH2021PTC352901 Dindori, Maharashtra, India
Aerographics Papers Private Limited U21000MH1997PTC111681 Nagpur, Maharashtra, India
Xyntac Retail Private Limited U74999HR2019PTC079050 Sonepat, Haryana, India
Margarite Woodtechs Private Limited U74999UR2017PTC007908 Bhagwanpur, Uttarakhand, India
Alpha Containers (Madras) Private Limited U55101TN1996PTC035367 Chennai, Tamil Nadu, India
12

Who Uses This Report

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

Verify Shandar Modular Systems Private Limited before audits and certifications: compliance score 92/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Shandar Modular Systems 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 85/100, 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 Shandar Modular Systems Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 94/100, distress signals and MSME payment-delay disclosures - know whether Shandar Modular Systems Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Shandar Modular Systems Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Shandar Modular Systems Private Limited an active company?

Shandar Modular Systems Private Limited has MCA status “Active” with a compliance score of 92/100 (Low Risk).

Is Shandar Modular Systems Private Limited financially healthy?

Shandar Modular Systems Private Limited has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Shandar Modular Systems Private Limited?

Its overall Trust Score is 94/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Shandar Modular Systems Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 4 active director(s) are on record.

Does Shandar Modular Systems Private Limited have loans or charges against its assets?

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

Is Shandar Modular Systems Private Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 92/100 (Low Risk).

Is it risky to lend to Shandar Modular Systems Private Limited?

Its Credit Risk Score is 85/100 (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.