Shri Aster Silicates Limited - Due diligence report

A 360° intelligence report on Shri Aster Silicates Limited: trust score, financial health, credit view, compliance, directors, growth and di…

1996-08-27 Jhagadia, Gujarat Under Liquidation Listed Active Non-Compliant
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SA Shri Aster Silicates Limited
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Shri Aster Silicates Limited — 360° Intelligence Report

Generated from MCA filings & public records
34/100
Trust Score
Caution Indicated

Shri Aster Silicates Limited is assessed as Caution Indicated with a Trust Score of 34/100. Shri Aster Silicates Limited is a public limited indian non-government company incorporated in 1996, operating in the Chemicals and Materials sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.

Report generated on 24 Jul 2026 from the latest processed filings. Shri Aster Silicates Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Weak
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 ScoreCaution Indicated
34/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
20/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
20/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
25/100
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: 20/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 38%).

Charges position: 7 open (114.00 cr) · 13 satisfied (68.74 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Sicom Limited3 48.0 cr
State Bank Of India2 48.0 cr
Sicom Investment And Finance1 48.0 cr
3I Infotech Trusteeship Services Limited2 48.0 cr
Small Industries Development Bank Of India1 48.0 cr
Ifci Factors Limited2 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Under Liquidation" - not Active.
  • Marked ACTIVE non-compliant (INC-22A).
  • Last balance sheet is for Mar 2015 - filings overdue.
  • Flagged by authority: NCLT, NSE, BSE.
  • Litigation present in 4 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (4)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
LEKHA MANIBHAI BUCH 01234567 Director 01/04/2018 6 yrs Approved
SHAILESH MANIBHAI BUCH 01234567 Director 01/04/2018 6 yrs Approved
KRISHNAN UMAMAHESHWARAN 01234567 Director 01/04/2018 6 yrs Approved
SUDESH GANESH KAMATH 01234567 Director 01/04/2018 6 yrs Approved
PRITHIKA BOSE 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • LEKHA MANIBHAI BUCH has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2015 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
4 allotment(s) · 0 transfer(s)

Promoters hold the largest single block of equity - exact percentages are part of the full report.

Key managerial personnel: LEKHA MANIBHAI BUCH (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 25
Growth signals & trust indicators
Operating for 29+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Statutory filings appear overdue.
Adverse company status: Under Liquidation.
Compliance score is weak (5/100).
7 open charge(s) registered - assets are encumbered.
4 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence20/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 4 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment16/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 7 open charge(s) of 114.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view32/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
22 Aug 2018
Director ceased
PRITHIKA BOSE
14 Sep 2017
Director ceased
SUDESH GANESH KAMATH
13 Feb 2017
Director ceased
NAMRATA MAHESH MAHESHWARI
Director ceased
DUSHYANT MANIBHAI BUCH
01 Jan 2017
Director appointed
PRITHIKA BOSE (Director)
Director ceased
LEKHA MANIBHAI BUCH
03 Dec 2016
Director appointed
LEKHA MANIBHAI BUCH (Whole-time director)
30 Jan 2016
Director ceased
RAKESH ARUNKUMAR DOSHI
30 Sep 2015
Last AGM held
Annual general meeting
30 Apr 2015
Director ceased
SWAPNA SADANAND VENGURLEKAR
31 Mar 2015
Latest balance sheet
Filed with ROC
24 Feb 2015
Charge created
Sicom Investments & Finance Limited - 5.00 cr
31 Oct 2014
Director ceased
ISHWARI PRAKASH CHAVAN
10 Jan 2014
Director appointed
SUDESH GANESH KAMATH (Nominee Director)
07 Jan 2014
Charge created
Sicom Limited - 15.00 cr
10

Key Observations

Auto-generated from the data above
Revenue declined 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 - leverage worth monitoring.
Net worth is positive.
5 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2015 annual return.
Capital has been raised through 4 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Mereena Petrochemicals Private Limited U24119KL2004PTC016893 Edapally, Kerala, India
Cementone (India) Limited U51310MH1995PLC087645 Mumbai, Maharashtra, India
Glue Farm ( India) Private Limited U24139KA2011PTC061643 Bangalore, Karnataka, India
Sunshine Laboratories (India) Private Limited U24220MH1995PTC092329 Mumbai, Maharashtra, India
Henkelchembond U24243MH1996PTC103091 Navi Mumbai, Maharashtra, India
Resinova Chemie Limited U24131GJ1995PLC084273 Ahmedabad, Gujarat, India
Dex-Vin Polymers Private Limited U17120MH1990PTC057006 Mumbai, Maharashtra, India
Rohm And Haas (India) Private Limited U24231MH1995PTC132718 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Shri Aster Silicates Limited before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Shri Aster Silicates 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: Enhanced diligence advised. Credit risk score 20/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Shri Aster Silicates Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 34/100, distress signals and MSME payment-delay disclosures - know whether Shri Aster Silicates Limited 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 Shri Aster Silicates Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Shri Aster Silicates Limited an active company?

Shri Aster Silicates Limited has MCA status “Under Liquidation” with a compliance score of 5/100 (Caution Indicated).

Is Shri Aster Silicates Limited financially healthy?

Shri Aster Silicates Limited has a Financial Health Score of 20/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Shri Aster Silicates Limited?

Its overall Trust Score is 34/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Shri Aster Silicates Limited?

Promoters hold the largest single block of equity - exact percentages are in the full report. 5 active director(s) are on record.

Does Shri Aster Silicates Limited have loans or charges against its assets?

7 open charge(s) are registered against its assets, and 13 earlier charge(s) stand satisfied.

Is Shri Aster Silicates Limited up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Shri Aster Silicates Limited?

Its Credit Risk Score is 20/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

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.