Promoter holding
64.27%
SP
Solve Plastic Products Ltd - Due diligence report
A 360° intelligence report on Solve Plastic Products Ltd: trust score, financial health, credit view, compliance, directors, growth and dist…
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Solve Plastic Products Ltd — 360° Intelligence Report
Generated from MCA filings & public records80/100
Trust Score
Low Risk
Solve Plastic Products Ltd is assessed as Low Risk with a Trust Score of 80/100. Solve Plastic Products Ltd is an active public limited indian non-government company incorporated in 1994, operating in the Manufacturing sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.
Report generated on 03 Aug 2026 from the latest processed filings. Solve Plastic Products Ltd 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.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreLow Risk
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
74/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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 accessScores 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
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 38%).
- Profitable - internal accruals available.
Charges position: 6 open (15.09 cr) · 17 satisfied (11.45 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 4 | 48.0 cr |
| State Bank Of Travancore | 7 | 48.0 cr |
| Kerala Financial Corporation | 6 | 48.0 cr |
| Small Industries Development Bank Of India | 1 | 48.0 cr |
| Axis Bank Limited | 3 | 48.0 cr |
| Others | 1 | 48.0 cr |
Compliance Score: 74/100 Moderate
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Litigation present in 2 court forum(s).
- 3 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| NARAYANA KURUP ASOKAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEEPTHI SANTHAKUMARY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUDHEER KUMAR BALAKRISHNAN NAIR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUSIL BALAKRISHNAN NAIR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Suresh K Pillai | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BALAKRISHNAN NAIR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Divya Ajnthakumari | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Merlin Roy | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 directors on the board.
- No disqualified or deactivated DINs.
- 8 director exits in 3 years - high churn.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
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
-
Subsidiaries
-
Group entities
-
Capital events
15 allotment(s) · 4 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
Key managerial personnel: SUDHEER KUMAR BALAKRISHNAN NAIR (Managing Director) · SUSIL BALAKRISHNAN NAIR (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 85 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 31+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
5 director exits within 2 years.
6 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence78/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment61/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 6 open charge(s) of 15.09 cr already registered.
- Compliance record supports lending.
Investor view80/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events29 Sep 2025
Charge created
State Bank Of India - 3.00 cr
18 Sep 2025
Director appointed
Merlin Roy (Cfo)
27 Aug 2025
Director ceased
ARAVIND SUDHEER KUMAR
Director ceased
BIJU DIVAKARAN NAIR
Director ceased
DINESHCHANDRAN SAROJINIAMMA RAMACHANDRAN NAIR
Director ceased
SHANKAR SUDHEER KUMAR
Director ceased
GOVIND VINODKUMAR
13 May 2025
Charge created
The South Indian Bank Limited - 20.61 Lakh
27 Sep 2024
Charge satisfied
Axis Bank Limited
16 Aug 2024
Last AGM held
Annual general meeting
30 May 2024
Charge satisfied
Others
31 Mar 2024
Latest balance sheet
Filed with ROC
13 Mar 2024
Director appointed
Divya Ajnthakumari (Company Secretary)
12 Mar 2024
Director appointed
Suresh K Pillai (Director)
11 Mar 2024
Director ceased
KESHAV MOHAN
10
Key Observations
Auto-generated from the data aboveRevenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - leverage worth monitoring.
Net worth is positive.
8 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 15 security allotment(s) - amounts available in the full report.
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Solve Plastic Products Ltd before audits and certifications: compliance score 74/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Solve Plastic Products Ltd: 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 85/100, margin trends, ownership structure and peer set for Solve Plastic Products Ltd - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Solve Plastic Products Ltd pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Solve Plastic Products Ltd - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Solve Plastic Products Ltd an active company?
Solve Plastic Products Ltd has MCA status “Active” with a compliance score of 74/100 (Moderate).
Is Solve Plastic Products Ltd financially healthy?
Solve Plastic Products Ltd has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.
Should I do business with Solve Plastic Products Ltd?
Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Solve Plastic Products Ltd?
Promoters hold a majority stake - exact percentages are in the full report. 8 active director(s) are on record.
Does Solve Plastic Products Ltd have loans or charges against its assets?
6 open charge(s) are registered against its assets, and 17 earlier charge(s) stand satisfied.
Is Solve Plastic Products Ltd up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 74/100 (Moderate).
Is it risky to lend to Solve Plastic Products Ltd?
Its Credit Risk Score is 45/100 (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.
