Shining Tools Limited - Due diligence report

A 360° intelligence report on Shining Tools Limited: trust score, financial health, credit view, compliance, directors, growth and distress …

2013-05-01 Pipaliya, Gujarat Active Listed Active Compliant
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Shining Tools Limited — 360° Intelligence Report

Generated from MCA filings & public records
80/100
Trust Score
Low Risk

Shining Tools Limited is assessed as Low Risk with a Trust Score of 80/100. Shining Tools Limited is an active public limited indian non-government company incorporated in 2013, operating in the Machinery and Equipment sector. Reported revenue has declined 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 08 Aug 2026 from the latest processed filings. Shining Tools 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
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 45/100 Caution Indicated
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 38%).
  • Profitable - internal accruals available.

Charges position: 5 open (14.23 cr) · 4 satisfied (18.56 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others3 48.0 cr
Canara Bank1 48.0 cr
Indian Bank2 48.0 cr
Intec Capital Limited2 48.0 cr
Dewan Housing Finance Corporation Limited1 48.0 cr
Compliance Score: 75/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • 2 auditor resignation(s) filed - latest: H. B. DHAMELIA & CO. on 2016-08-01.
  • Delayed payments to MSME suppliers disclosed (73 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 75/100
NameDIN / PANDesignationAppointedTenureDIN status
KAMALBHAI LALJIBHAI GHONIA 01234567 Director 01/04/2018 6 yrs Approved
VIPULBHAI LALJIBHAI GHONIA 01234567 Director 01/04/2018 6 yrs Approved
ABHISHEK DOBARIA ARVINDBHAI 01234567 Director 01/04/2018 6 yrs Approved
Kiranben Vipulbhai Ghonia 01234567 Director 01/04/2018 6 yrs Approved
AKSHAR JAGDISH PATEL 01234567 Director 01/04/2018 6 yrs Approved
JAY BHARATBHAI PANSURIA 01234567 Director 01/04/2018 6 yrs Approved
SHAILESHBHAI DURLABHJIBHAI SAGPARIYA 01234567 Director 01/04/2018 6 yrs Approved
Palak Pankaj Shah 01234567 Director 01/04/2018 6 yrs Approved
  • 8 directors on the board.
  • No disqualified or deactivated DINs.
  • 6 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2022)
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 2022 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) · 0 transfer(s)

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

Key managerial personnel: KAMALBHAI LALJIBHAI GHONIA (Whole-time director) · VIPULBHAI LALJIBHAI GHONIA (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 50 · Distress 80
Growth signals & trust indicators
Latest year revenue grew 1.42.
Operating for 13+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
5 director exits within 2 years.
5 open charge(s) registered - assets are encumbered.
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 29.81 Lakh.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence78/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment62/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 5 open charge(s) of 14.23 cr already registered.
  • Compliance record supports lending.
Investor view66/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
16 May 2026
Charge created
Indian Bank - 8.66 cr
06 May 2026
Charge satisfied
Canara Bank
29 Apr 2026
Charge created
Indian Bank - 42.60 Lakh
25 Apr 2026
Charge created
Others - 3.87 cr
12 Feb 2026
Director appointed
AKSHAR JAGDISH PATEL (Director)
11 Dec 2025
Director appointed
JAY BHARATBHAI PANSURIA (Director)
Director appointed
SHAILESHBHAI DURLABHJIBHAI SAGPARIYA (Director)
30 Sep 2025
Last AGM held
Annual general meeting
16 Jun 2025
Director appointed
Palak Pankaj Shah (Director)
08 Jun 2025
Director ceased
Richa Arora
22 May 2025
Director ceased
Dhruvi Shyam Kapadia
31 Mar 2025
Latest balance sheet
Filed with ROC
01 Feb 2025
Director appointed
ABHISHEK DOBARIA ARVINDBHAI (Director)
18 Dec 2024
Director ceased
Chand Rameshbhai Kanabar
Director ceased
Shyam Bhadresh Kapadia
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
8 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 2022 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
Vijayalakshmi Cans Private Limited U28999KA2019PTC123463 Mangaluru, Karnataka, India
Ababil Granite Exports Private Limited U74900KA2015PTC081228 Bangalore, Karnataka, India
Crown Seals Private Limited U74999MH2006PTC163574 Mumbai, Maharashtra, India
Jai Shree Swami Samarth Engineering Products Private Limited U25206PN2005PTC020317 Pune, Maharashtra, India
Nu-Way Heatransfer U29219TG2010PTC069688 Hyderabad, Telangana, India
Shivam Proteco Private Limited U27100DN2011PTC000355 Silvassa, Dadra & Nagar Haveli, India
Abhishek Forgings Pvt Ltd U27107RJ1995PTC010173 Na, Rajasthan, India
Explofab Metals India Private Limited U27106TG1996PTC025685 Hyderabad, Telangana, India
12

Who Uses This Report

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

Verify Shining Tools Limited before audits and certifications: compliance score 75/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Shining Tools 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: Mixed indicators - deeper appraisal suggested. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 50/100, margin trends, ownership structure and peer set for Shining Tools Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Shining Tools 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 Shining Tools Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Shining Tools Limited an active company?

Shining Tools Limited has MCA status “Active” with a compliance score of 75/100 (Low Risk).

Is Shining Tools Limited financially healthy?

Shining Tools Limited has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Shining Tools Limited?

Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Shining Tools Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 8 active director(s) are on record.

Does Shining Tools Limited have loans or charges against its assets?

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

Is Shining Tools Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 75/100 (Low Risk).

Is it risky to lend to Shining Tools Limited?

Its Credit Risk Score is 45/100 (Caution Indicated). 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.