Promoter holding
64.27%
SL
Spanco Limited - Due diligence report
A 360° intelligence report on Spanco: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…
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Spanco — 360° Intelligence Report
Generated from MCA filings & public records45/100
Trust Score
Caution Indicated
Spanco is assessed as Caution Indicated with a Trust Score of 45/100. Spanco is a public limited indian non-government company incorporated in 1984, operating in the Information Technology sector. Processed financial statements are not yet available for trend analysis. Based on MCA filings and public records, it currently shows a high compliance risk and an unassessed financial risk profile.
Report generated on 03 Jul 2026 from the latest processed filings. Spanco 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.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreCaution Indicated
45/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
10/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreNo Data
N/A
No processed financial statements available yet.
Credit Risk ScoreNo Data
N/A
Financial statements needed for a credit view.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreNo Data
N/A
Needs at least two filed years to measure growth.
Distress ScoreModerate
55/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
No processed financialsFinancial statements are not yet processed for this company. Trend analysis will appear once filings are available.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: N/A No Data
- Financial statements needed for a credit view.
Charges position: 13 open (2,582.32 cr) · 30 satisfied (531,118.49 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Bank Of India | 7 | 48.0 cr |
| Others | 1 | 48.0 cr |
| The Hongkong And Shanghai Banking Corporation Limited | 1 | 48.0 cr |
| Idbi Trusteeship Services Limited | 4 | 48.0 cr |
| Icici Bank Limited | 2 | 48.0 cr |
| Bank Of Baroda | 1 | 48.0 cr |
Compliance Score: 10/100 Caution Indicated
- Company status is "Under Liquidation" - not Active.
- Last balance sheet is for Mar 2013 - filings overdue.
- Litigation present in 3 court forum(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| IQBAL SINGH GUMBER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAPIL PURI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIJAY HOTCHAND MULCHANDANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 3 directors on the board.
- IQBAL SINGH GUMBER has DIN status "Disqualified by RoC u/s 164(2)".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
06
Ownership & Group Intelligence
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
3 allotment(s) · 0 transfer(s)
Key managerial personnel: KAPIL PURI (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth N/A · Distress 55
Growth signals & trust indicators
Operating for 42+ years.
Active EPFO - real payroll on record.
Financials unavailable - score leans on compliance and governance signals.
Distress signals & risk flags
Statutory filings appear overdue.
Adverse company status: Under Liquidation.
Compliance score is weak (10/100).
13 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence34/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- No financials on record - ask for audited statements.
Banker assessment17/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- No filed financials - rely on banking statements and GST data.
- 13 open charge(s) of 2,582.32 cr already registered.
- Compliance gaps should be priced into terms.
Investor view25/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Request management accounts - public filings insufficient.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events31 Dec 2013
Director ceased
IQBAL SINGH GUMBER
Director ceased
VIJAY HOTCHAND MULCHANDANI
Last AGM held
Annual general meeting
02 Dec 2013
Director appointed
VIJAY HOTCHAND MULCHANDANI (Director)
02 Aug 2013
Charge satisfied
Central Bank Of India
04 Jul 2013
Director ceased
RAJIV KISHANCHAND CHHABRA
31 Mar 2013
Latest balance sheet
Filed with ROC
20 Mar 2013
Charge created
Bank Of India - 22.50 cr
01 Feb 2013
Director ceased
ISHWARI PANDE KEDAR
28 Dec 2012
Charge satisfied
Bank Of Baroda
10 Nov 2012
Director appointed
IQBAL SINGH GUMBER (Director)
Director ceased
ADARSH BHAGIRATH BAGARIA
25 Sep 2012
Director ceased
VIJAY KUMAR CHOPRA
03 Jul 2012
Charge satisfied
Icici Bank Limited
30 Jun 2012
Charge created
Srei Equipment Finance Private Limited - 9.24 cr
10
Key Observations
Auto-generated from the data above3 active director(s) / partner(s); review board churn before relying on management continuity.
EPFO-registered employer - verifiable payroll history exists.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
24 overseas direct investment(s) (ODI) on record - international footprint.
Peer companies will appear here as our matching engine processes this industry.
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Spanco 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 Spanco: 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 pending financials, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score n/a, margin trends, ownership structure and peer set for Spanco - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 45/100, distress signals and MSME payment-delay disclosures - know whether Spanco pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Spanco - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Spanco an active company?
Spanco has MCA status “Under Liquidation” with a compliance score of 10/100 (Caution Indicated).
Is Spanco financially healthy?
Processed financial statements are not yet available for Spanco, so its financial health is unassessed.
Should I do business with Spanco?
Its overall Trust Score is 45/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Spanco?
See the directors and ownership sections above for board and shareholding detail. 3 active director(s) are on record.
Does Spanco have loans or charges against its assets?
13 open charge(s) are registered against its assets, and 30 earlier charge(s) stand satisfied.
Is Spanco up to date with its ROC filings?
Last balance sheet is for Mar 2013 - filings overdue. Overall compliance score: 10/100 (Caution Indicated).
Is it risky to lend to Spanco?
Filed financial statements are needed for a credit view - ask the company for audited statements and bank statements.
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.
