Spear Logistics Private Limited - Due diligence report

A 360° intelligence report on Spearlog: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…

2003-03-27 Pune, Maharashtra Amalgamated Unlisted
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SL Spear Logistics Private Limited
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Spearlog — 360° Intelligence Report

Generated from MCA filings & public records
57/100
Trust Score
Moderate

Spearlog is assessed as Moderate with a Trust Score of 57/100. Spearlog is a private limited indian non-government company incorporated in 2003, operating in the Transport and Logistics 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 high compliance risk and low financial risk profile.

Report generated on 20 Jul 2026 from the latest processed filings. Spear Logistics Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Caution

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
57/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
23/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 4 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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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: 85/100 Low Risk
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 20 satisfied (27.10 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Tata Capital Financial Services Limited1 48.0 cr
The Hongkong And Shanghai Banking Corporation1 48.0 cr
Srei Equipment Finance Private Limited6 48.0 cr
Siemens Financial Services Private Limited3 48.0 cr
Others1 48.0 cr
Bibby Financial Services (India) Private Limited1 48.0 cr
Compliance Score: 23/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Last balance sheet is for Mar 2017 - filings overdue.
  • Litigation present in 1 court forum(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
UDAY BALWANT PALSULE 01234567 Director 01/04/2018 6 yrs Approved
JEAN CHRISTOPHE MACHET 01234567 Director 01/04/2018 6 yrs Approved
STEPHANE DESCARPENTRIES 01234567 Director 01/04/2018 6 yrs Approved
RAMESH KALPATHY VAIDYANATHAN 01234567 Director 01/04/2018 6 yrs Approved
GAUTAM CHANDER DEMBLA 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • UDAY BALWANT PALSULE has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

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
Fm India Supply Chain Private Limited
Subsidiaries
2
Group entities
2
Capital events
10 allotment(s) · 4 transfer(s)

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

Group entityRelationship% held
Fm India Supply Chain Private Limited Holding Company 74.00%
Shree Sai Transport (sst India) Private Limited Subsidiary Company 74.00%

Key managerial personnel: GAUTAM CHANDER DEMBLA (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 65 · Distress 40
Growth signals & trust indicators
Steady revenue growth: +1.42 over 3 year(s).
EPFO headcount growing - hiring signal.
Operating for 23+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (23/100).
1 court case(s) on record - see the legal section for details.
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 assessment70/100
Favourable lending indicators
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 view70/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
13 Jul 2017
Director ceased
RAMESH KALPATHY VAIDYANATHAN
Last AGM held
Annual general meeting
02 Jun 2017
Charge satisfied
Others
16 May 2017
Charge satisfied
Siemens Financial Services Private Limited
20 Apr 2017
Charge satisfied
Tata Capital Financial Services Limited
31 Mar 2017
Share transfer (FY 2017)
714227.00000000 shares to Supply Chain Private Limited
Share transfer (FY 2017)
108254.00000000 shares to Supply Chain Private Limited
Share transfer (FY 2017)
170950.00000000 shares to Supply Chain Private Limited
Latest balance sheet
Filed with ROC
21 Mar 2017
Director appointed
RAMESH KALPATHY VAIDYANATHAN (Director)
26 Sep 2016
Director ceased
JEAN CHRISTOPHE MACHET
Director ceased
STEPHANE DESCARPENTRIES
26 Apr 2016
Securities allotted
8075 Preference Shares - 76.28 Lakh raised
31 Mar 2016
Share transfer (FY 2016)
197799.00000000 shares to Supply Chain Private Limited
17 Mar 2016
Director appointed
JEAN CHRISTOPHE MACHET (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 3 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
5 active director(s) / partner(s); review board churn before relying on management continuity.
All 20 registered charge(s) stand satisfied - past borrowings repaid.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2017 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 10 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Anusri Agritech Private Limited U63023RJ2012PTC040512 Kota, Rajasthan, India
Djm Impex Private Limited U74999DL2016PTC299561 New Delhi, Delhi, India
Development Projects Private Limited U01400WB2007PTC120795 Memari, West Bengal, India
Hind Terminals U60230MH2008PTC296288 Mumbai, Maharashtra, India
Navkar Terminals Limited U74999MH2010PLC207578 Navi Mumbai, Maharashtra, India
Maiia U74900MH2010PTC205427 Mumbai, Maharashtra, India
Transmarine Services India Private Limited U63011TN2011PTC079854 Chennai, Tamil Nadu, India
Integrated Project Logistics Private Limited U63000DL2011PTC214727 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Spearlog before audits and certifications: compliance score 23/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Spearlog: 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: Favourable lending indicators. Credit risk score 85/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 65/100, margin trends, ownership structure and peer set for Spearlog - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 57/100, distress signals and MSME payment-delay disclosures - know whether Spearlog pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Spearlog - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Spearlog an active company?

Spearlog has MCA status “Amalgamated” with a compliance score of 23/100 (Caution Indicated).

Is Spearlog financially healthy?

Spearlog has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Spearlog?

Its overall Trust Score is 57/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Spearlog?

The ultimate holding entity is Fm India Supply Chain Private Limited. 5 active director(s) are on record.

Does Spearlog have loans or charges against its assets?

No open charges - all 20 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Spearlog up to date with its ROC filings?

Last balance sheet is for Mar 2017 - filings overdue. Overall compliance score: 23/100 (Caution Indicated).

Is it risky to lend to Spearlog?

Its Credit Risk Score is 85/100 (Low Risk). Banker verdict: Favourable lending indicators.

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.