Solar Initiating Systems Limited - Due diligence report

A 360° intelligence report on Solar Initiating Systems Limited: trust score, financial health, credit view, compliance, directors, growth an…

2009-02-02 Nagpur, Maharashtra Amalgamated Unlisted
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SI Solar Initiating Systems Limited
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Solar Initiating Systems Limited — 360° Intelligence Report

Generated from MCA filings & public records
50/100
Trust Score
Moderate

Solar Initiating Systems Limited is assessed as Moderate with a Trust Score of 50/100. Solar Initiating Systems Limited is a public limited indian non-government company incorporated in 2009, operating in the Information Technology 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 09 Aug 2026 from the latest processed filings. Solar Initiating Systems Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Weak

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
50/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
30/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
35/100
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: 50/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.

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

Compliance Score: 30/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Last balance sheet is for Mar 2017 - filings overdue.
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
MANISH SATYANARAYAN NUWAL 01234567 Director 01/04/2018 6 yrs Approved
KAILASH CHANDRA NUWAL 01234567 Director 01/04/2018 6 yrs Approved
SATYANARAYAN NANDLAL NUWAL 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2017 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.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 50 · Distress 35
Growth signals & trust indicators
Latest year revenue grew 38%.
Operating for 17+ years.
Distress signals & risk flags
Negative net worth.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (30/100).
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence38/100
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 assessment39/100
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 view43/100
Limited indicators at present
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 6 events
22 Sep 2017
Last AGM held
Annual general meeting
31 Mar 2017
Latest balance sheet
Filed with ROC
02 Feb 2009
Incorporated
Registered with Roc Mumbai
Director appointed
MANISH SATYANARAYAN NUWAL (Director)
Director appointed
KAILASH CHANDRA NUWAL (Director)
Director appointed
SATYANARAYAN NANDLAL NUWAL (Director)
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%.
3 active director(s) / partner(s); board looks stable and experienced.
Promoters hold a dominant controlling stake as per the FY 2017 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Macmade Concrete Products Manufacturing Private Limited U36912MH2011PTC216649 Thane, Maharashtra, India
Ghosh Jute Industries Private Limited U18109WB2012PTC181111 Parganas North, West Bengal, India
Shree Gajanan Engineers Private Limited U29254PN2004PTC019670 Pune, Maharashtra, India
Parab Pipe Industries Pvt Ltd U29120MH1981PTC024906 Na, Maharashtra, India
Adora Polymers Private Limited U25206TN2009PTC073353 Chennai, Tamil Nadu, India
Kazila Ceramics Private Limited U26914KL2005PTC018636 Malappuram, Kerala, India
Anand Hygenic Products Pvt Ltd U24296PB1988PTC007923 Punjab, Punjab, India
Ibhanan Tradelinks Private Limited U74110DL2013PTC259652 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Solar Initiating Systems Limited before audits and certifications: compliance score 30/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Solar Initiating Systems 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 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 50/100, margin trends, ownership structure and peer set for Solar Initiating Systems Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 50/100, distress signals and MSME payment-delay disclosures - know whether Solar Initiating Systems 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 Solar Initiating Systems Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Solar Initiating Systems Limited an active company?

Solar Initiating Systems Limited has MCA status “Amalgamated” with a compliance score of 30/100 (Caution Indicated).

Is Solar Initiating Systems Limited financially healthy?

Solar Initiating Systems Limited has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Solar Initiating Systems Limited?

Its overall Trust Score is 50/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Solar Initiating Systems Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Solar Initiating Systems Limited have loans or charges against its assets?

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

Is Solar Initiating Systems Limited up to date with its ROC filings?

Last balance sheet is for Mar 2017 - filings overdue. Overall compliance score: 30/100 (Caution Indicated).

Is it risky to lend to Solar Initiating Systems Limited?

Its Credit Risk Score is 50/100 (Moderate). 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.