Snehit Chits Private Limited - Due diligence report

A 360° intelligence report on Snehit Chits Private Limited: trust score, financial health, credit view, compliance, directors, growth and di…

2006-07-13 Ilkal, Karnataka Strike Off Unlisted Active Non-Compliant
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Snehit Chits Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
43/100
Trust Score
Caution Indicated

Snehit Chits Private Limited is assessed as Caution Indicated with a Trust Score of 43/100. Snehit Chits Private Limited is a private limited indian non-government company incorporated in 2006, operating in the Financial Services 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 high compliance risk and moderate financial risk profile.

Report generated on 17 Aug 2026 from the latest processed filings. Snehit Chits Private Limited snapshot & full profile →

Financial Health › Neutral
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
43/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
10/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 2 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
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Elevated gearing (D/E 38%).
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 10/100 Caution Indicated
  • Company status is "Strike Off" - not Active.
  • Marked ACTIVE non-compliant (INC-22A).
  • Last balance sheet is for Mar 2017 - filings overdue.
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
PRABHAVATHI PRABHAYYA LAYADAGUNDI 01234567 Director 01/04/2018 6 yrs Approved
JACKSONMARK VICTOR 01234567 Director 01/04/2018 6 yrs Approved
SHIVANNA MALLESHAPPA DHOTRE 01234567 Director 01/04/2018 6 yrs Approved
SHRIDHAR SHANKAR SAPPANDI 01234567 Director 01/04/2018 6 yrs Approved
RAGHAVENDRA BASAPPA CHINCHAMI 01234567 Director 01/04/2018 6 yrs Approved
SANGEETA MARUTI CHAVAN 01234567 Director 01/04/2018 6 yrs Approved
PRASHANTKUMAR VIJAYAKUMAR HANCHATE 01234567 Director 01/04/2018 6 yrs Approved
MAHANTESH SANGAPPA NAINEGALI 01234567 Director 01/04/2018 6 yrs Approved
VIJAY SUBHAS SAPPARAD 01234567 Director 01/04/2018 6 yrs Approved
RAMESH KESHRA PATEL 01234567 Director 01/04/2018 6 yrs Approved
  • 10 directors on the board.
  • PRABHAVATHI PRABHAYYA LAYADAGUNDI has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2015)
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 2016 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
-

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

Key managerial personnel: SHRIDHAR SHANKAR SAPPANDI (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 45 · Distress 40
Growth signals & trust indicators
Net margin improved to 1.42.
Operating for 20+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
Adverse company status: Strike Off.
Compliance score is weak (10/100).
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence29/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment38/100
Enhanced diligence advised
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 view46/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 14 events
28 Sep 2017
Last AGM held
Annual general meeting
31 Mar 2017
Latest balance sheet
Filed with ROC
02 May 2012
Director ceased
SHRIDHAR SHANKAR SAPPANDI
13 Jul 2006
Incorporated
Registered with Roc Bangalore
Director appointed
PRABHAVATHI PRABHAYYA LAYADAGUNDI (Director)
Director appointed
JACKSONMARK VICTOR (Director)
Director appointed
SHIVANNA MALLESHAPPA DHOTRE (Director)
Director appointed
SHRIDHAR SHANKAR SAPPANDI (Managing Director)
Director appointed
RAGHAVENDRA BASAPPA CHINCHAMI (Director)
Director appointed
SANGEETA MARUTI CHAVAN (Director)
Director appointed
PRASHANTKUMAR VIJAYAKUMAR HANCHATE (Director)
Director appointed
MAHANTESH SANGAPPA NAINEGALI (Director)
Director appointed
VIJAY SUBHAS SAPPARAD (Director)
Director appointed
RAMESH KESHRA PATEL (Director)
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 1 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.
10 active director(s) / partner(s); review board churn before relying on management continuity.
Promoters hold a dominant controlling stake as per the FY 2016 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
Sahayata U65910RJ1998PTC027465 Udaipur, Rajasthan, India
Alchemy Investment Managers Private Limited U67110MH2010PTC201412 Mumbai, Maharashtra, India
Tvr Investments Pvt Ltd U65993TG1983PTC003908 Hyderabad, Telangana, India
Sanket Vincom Private Limited U52100WB2010PTC145840 Kolkata, West Bengal, India
Ramakrishna Vinimay Pvt Ltd U51109WB2006PTC108097 Kolkata, West Bengal, India
Srimanchamma Chit Funds Private Limited U65992KA2010PTC055082 Bangalore, Karnataka, India
Kountmoney U72900KA2015PTC082818 Bangalore, Karnataka, India
Rasraj Barter Pvt Ltd U51909WB1996PTC078329 Kolkata, West Bengal, India
12

Who Uses This Report

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

Verify Snehit Chits Private Limited before audits and certifications: compliance score 10/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Snehit Chits 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: Enhanced diligence advised. 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 45/100, margin trends, ownership structure and peer set for Snehit Chits Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 43/100, distress signals and MSME payment-delay disclosures - know whether Snehit Chits 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 Snehit Chits Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Snehit Chits Private Limited an active company?

Snehit Chits Private Limited has MCA status “Strike Off” with a compliance score of 10/100 (Caution Indicated).

Is Snehit Chits Private Limited financially healthy?

Snehit Chits Private Limited has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.

Should I do business with Snehit Chits Private Limited?

Its overall Trust Score is 43/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Snehit Chits Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 10 active director(s) are on record.

Does Snehit Chits Private Limited have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Snehit Chits Private Limited up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 10/100 (Caution Indicated).

Is it risky to lend to Snehit Chits Private Limited?

Its Credit Risk Score is 45/100 (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.