Promoter holding
64.27%
ST
Solace Tradecom Private Limited - Due diligence report
A 360° intelligence report on Solace Tradecom Private Limited: trust score, financial health, credit view, compliance, directors, growth and…
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Solace Tradecom Private Limited
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Solace Tradecom Private Limited — 360° Intelligence Report
Generated from MCA filings & public records65/100
Trust Score
Moderate
Solace Tradecom Private Limited is assessed as Moderate with a Trust Score of 65/100. Solace Tradecom Private Limited is an active private limited indian non-government company incorporated in 2009, operating in the Fashion and Textile 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 16 Jul 2026 from the latest processed filings. Solace Tradecom Private Limited snapshot & full profile →
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.
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Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
65/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
45/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
30/100
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 ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
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Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
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Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 30/100 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%).
- Profitable - internal accruals available.
Charges position: 1 open (1.55 cr) · 0 satisfied (-).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 1 | 48.0 cr |
Compliance Score: 45/100 Caution Indicated
- Company status is Active as per MCA.
- Marked ACTIVE non-compliant (INC-22A).
- Last balance sheet is for Mar 2023 - filings overdue.
- 1 auditor resignation(s) filed - latest: RAHUL BANSAL on 2018-08-21.
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Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RUNALI NAG | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NIRMALYA NAG | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 2 directors on the board.
- NIRMALYA NAG has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
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Ownership & Group Intelligence
As per FY 2023 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
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Subsidiaries
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Group entities
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Capital events
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Full shareholding pattern, group structure & capital events →
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Risk Intelligence Center
Growth 40 · Distress 80
Growth signals & trust indicators
Operating for 16+ years.
Distress signals & risk flags
Statutory filings appear overdue.
Compliance score is weak (45/100).
1 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence62/100
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 assessment46/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 1.55 cr already registered.
- Compliance gaps should be priced into terms.
Investor view57/100
Mixed indicators
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.
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MCA Filings & Events Timeline
Latest 9 events30 Sep 2023
Last AGM held
Annual general meeting
31 Mar 2023
Latest balance sheet
Filed with ROC
29 Mar 2018
Director ceased
KASHI JHUNJHUNWALA PRASAD
Director ceased
SANJAY JHUNJHUNWALA
09 Feb 2018
Charge created
Others - 1.55 cr
08 Jan 2018
Director appointed
RUNALI NAG (Additional Director)
Director appointed
NIRMALYA NAG (Additional Director)
30 Mar 2015
Director ceased
ANUDEEP JHUNJHUNWALA
22 Jul 2009
Incorporated
Registered with Roc Kolkata
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Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 4 financial year(s).
Debt-to-equity stands at 2.1x - leverage worth monitoring.
Net worth is positive.
2 active director(s) / partner(s); review board churn before relying on management continuity.
| Company | CIN | Location |
|---|---|---|
| Pankaj Textile (India ) Private Limited | U17299MH2002PTC136456 | Mumbai, Maharashtra, India |
| Iraska Auto Private Limited | U35990DL2010PTC205638 | New Delhi, Delhi, India |
| Awesome E-Bazaar India Private Limited | U52390MH2022PTC382055 | Thane, Maharashtra, India |
| Thinkraw Innovative Solutions Private Limited | U74999OR2021PTC035581 | Bhwanipatna, Orissa, India |
| Thomson & Thomsons Kitchen Equipment Private Limited | U74900MH2012PTC234464 | Mumbai, Maharashtra, India |
| Shantinath Textiles Mills Private Limited | U17120MH2005PTC155877 | Mumbai, Maharashtra, India |
| M N Trading Company Private Limited | U51505MH2004PTC146652 | Mumbai, Maharashtra, India |
| Viti Enterprises Private Limited | U51909JH2020PTC015751 | Jamshedpur, Jharkhand, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Solace Tradecom Private Limited before audits and certifications: compliance score 45/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Solace Tradecom 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: Mixed indicators - deeper appraisal suggested. Credit risk score 30/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Solace Tradecom Private Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 65/100, distress signals and MSME payment-delay disclosures - know whether Solace Tradecom 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 Solace Tradecom Private Limited - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Solace Tradecom Private Limited an active company?
Solace Tradecom Private Limited has MCA status “Active” with a compliance score of 45/100 (Caution Indicated).
Is Solace Tradecom Private Limited financially healthy?
Solace Tradecom Private Limited has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Solace Tradecom Private Limited?
Its overall Trust Score is 65/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Solace Tradecom Private Limited?
See the directors and ownership sections above for board and shareholding detail. 2 active director(s) are on record.
Does Solace Tradecom Private Limited have loans or charges against its assets?
1 open charge(s) are registered against its assets.
Is Solace Tradecom Private Limited up to date with its ROC filings?
Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 45/100 (Caution Indicated).
Is it risky to lend to Solace Tradecom Private Limited?
Its Credit Risk Score is 30/100 (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.
