Solapur Textiles Cluster Limited - Due diligence report

A 360° intelligence report on Solapur Textiles Cluster Limited: trust score, financial health, credit view, compliance, directors, growth an…

2011-10-24 Solapur, Maharashtra Active Unlisted Active Compliant
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ST Solapur Textiles Cluster Limited
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Solapur Textiles Cluster Limited — 360° Intelligence Report

Generated from MCA filings & public records
65/100
Trust Score
Moderate

Solapur Textiles Cluster Limited is assessed as Moderate with a Trust Score of 65/100. Solapur Textiles Cluster Limited is an active public limited indian non-government company incorporated in 2011, operating in the Home & Lifestyle sector. The company has shown revenue growth 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 low compliance risk and high financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Solapur Textiles Cluster Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Good
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 ScoreModerate
65/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
50/100
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: 40/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Elevated gearing (D/E 38%).
  • Working-capital cover adequate.

Charges position: 0 open (-) · 1 satisfied (7.00 Lakh).

Banking relationships (from registered charges)
LenderChargesAmount
Solapur Janata Sahakari Bank Limited1 48.0 cr
Compliance Score: 75/100 Low Risk
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2023 - filings overdue.
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
BALAJI BALRAJ SAMLET 01234567 Director 01/04/2018 6 yrs Approved
RAJAYYA DUBAYYA BALLA 01234567 Director 01/04/2018 6 yrs Approved
Sudhir Irabatti 01234567 Director 01/04/2018 6 yrs Approved
DINESH CHANDRAYYA IRABATTI 01234567 Director 01/04/2018 6 yrs Approved
CHANDRAYYA MUTAYYA IRABATII 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
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
4 allotment(s) · 0 transfer(s)

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 70 · Distress 50
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Operating for 14+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Statutory filings appear overdue.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence64/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 3 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.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view55/100
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
01 Jan 2024
Director ceased
DAYANAND SIDRAM ADAM
09 Dec 2023
Director appointed
Sudhir Irabatti (Additional Director)
30 Sep 2023
Last AGM held
Annual general meeting
08 Sep 2023
Director ceased
KASHINATH PARSHURAM GADDAM
22 Jun 2023
Charge satisfied
Solapur Janata Sahakari Bank Limited
31 Mar 2023
Latest balance sheet
Filed with ROC
05 Mar 2018
Securities allotted
61840 Equity Shares - 61.84 Lakh raised
28 Jul 2017
Director ceased
ASHOK SIDRAM PASKANTI
26 Mar 2016
Securities allotted
27160 Equity Shares - 27.16 Lakh raised
16 Sep 2015
Charge created
Solapur Janata Sahakari Bank Limited - 7.00 Lakh
31 Mar 2015
Securities allotted
66000.00 Equity Shares - 66.00 Lakh raised
21 Mar 2014
Securities allotted
15014.00 Equity Shares - 15.01 Lakh raised
24 Oct 2011
Incorporated
Registered with Roc Pune
Director appointed
BALAJI BALRAJ SAMLET (Director)
Director appointed
RAJAYYA DUBAYYA BALLA (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 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.
5 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 1 registered charge(s) stand satisfied - past borrowings repaid.
Promoters hold the largest single block of equity as per the FY 2023 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
Vinayak Jacquards Private Limited U74899DL1992PTC049574 New Delhi, Delhi, India
Regalian Home Concepts Private Limited U17299MH2021PTC374067 Ulhasnagar, Maharashtra, India
Thanikudam Bagawati Mills Ltd U17115KL1992PLC006828 Thrissur, Kerala, India
Navro Exports Private Limited U19129DL1995PTC071432 New Delhi, Delhi, India
Dee Plone Polyster Pvt Ltd U17100MH1994PTC075953 Mumbai, Maharashtra, India
Ar. Weaving Mills Private Limited U17111TZ2012PTC018631 Tirupur, Tamil Nadu, India
Nachiket Exim India Private Limited U51900MH1997PTC109841 Mumbai, Maharashtra, India
Radure Enterprise Private Limited U17299TN2022PTC152138 Chennai, Tamil Nadu, India
12

Who Uses This Report

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

Verify Solapur Textiles Cluster 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 Solapur Textiles Cluster 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 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 70/100, margin trends, ownership structure and peer set for Solapur Textiles Cluster 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 Solapur Textiles Cluster 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 Solapur Textiles Cluster Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Solapur Textiles Cluster Limited an active company?

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

Is Solapur Textiles Cluster Limited financially healthy?

Solapur Textiles Cluster Limited has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Solapur Textiles Cluster 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 Solapur Textiles Cluster Limited?

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

Does Solapur Textiles Cluster Limited have loans or charges against its assets?

No open charges - all 1 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Solapur Textiles Cluster Limited up to date with its ROC filings?

Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 75/100 (Low Risk).

Is it risky to lend to Solapur Textiles Cluster Limited?

Its Credit Risk Score is 40/100 (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.