Spices (India) Ltd - Due diligence report

A 360° intelligence report on The Spice Lab: trust score, financial health, credit view, compliance, directors, growth and distress signals …

1951-11-12 Kolkata, West Bengal Active Unlisted Active Compliant
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S( Spices (India) Ltd
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The Spice Lab — 360° Intelligence Report

Generated from MCA filings & public records
91/100
Trust Score
Low Risk

The Spice Lab is assessed as Low Risk with a Trust Score of 91/100. The Spice Lab is an active public limited indian non-government company incorporated in 1951, operating in the Food and Beverages sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.

Report generated on 03 Jul 2026 from the latest processed filings. Spices (India) Ltd snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
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 ScoreLow Risk
91/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
93/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
75/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
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.

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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: 75/100 Low Risk
  • Moderate gearing (D/E 38%).
  • Profitable - internal accruals available.

Charges position: 1 open (5.50 Lakh) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc Bank Limited1 48.0 cr
Compliance Score: 93/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
GAURAV SURANA 01234567 Director 01/04/2018 6 yrs Approved
GANESH PRASAD HIRAWAT 01234567 Director 01/04/2018 6 yrs Approved
KHUSHBOO HIRAWAT SURANA 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 2021 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 minority stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 55 · Distress 80
Growth signals & trust indicators
Asset base grew 1.42 - capacity expansion.
Operating for 74+ years.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 2.1x in a year.
1 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence88/100
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 assessment84/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 5.50 Lakh already registered.
  • Compliance record supports lending.
Investor view76/100
Positive growth 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 9 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
17 Oct 2020
Charge created
Hdfc Bank Limited - 5.50 Lakh
28 Feb 2019
Director ceased
ASHOK KUMAR HIRAWAT
Director ceased
DEV HIRAWAT
26 Feb 2019
Director appointed
GAURAV SURANA (Director)
01 Oct 2018
Director appointed
KHUSHBOO HIRAWAT SURANA (Director)
19 May 1976
Director appointed
GANESH PRASAD HIRAWAT (Director)
12 Nov 1951
Incorporated
Registered with Roc Kolkata I
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Promoters hold a minority stake as per the FY 2021 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Snb Jewellers Private Limited U36910GJ2010PTC061847 Surat, Gujarat, India
Flexell Engitech Private Limited U29253GJ1988PTC011573 Vadodara, Gujarat, India
Natech Solutions (India) Private Limited U30007MH2003PTC140259 Mumbai, Maharashtra, India
Servoday Plants & Equipments Limited U21219GJ1994PLC021559 Kalavad, Gujarat, India
Pioneer Minerals Pvt. Ltd U24119WB1974PTC029268 Haldia, West Bengal, India
Fashcode Retail Private Limited U52599DL2018PTC332196 New Delhi, Delhi, India
Apdrb Health & Research Centre Private Limited U85110AS2001PTC006637 Kamrup, Assam, India
Maa Kaushalya Commercial Private Limited U27100WB2013PTC198288 Kolkata, West Bengal, India
12

Who Uses This Report

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

Verify The Spice Lab before audits and certifications: compliance score 93/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of The Spice Lab: 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 75/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 55/100, margin trends, ownership structure and peer set for The Spice Lab - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 91/100, distress signals and MSME payment-delay disclosures - know whether The Spice Lab 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 The Spice Lab - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is The Spice Lab an active company?

The Spice Lab has MCA status “Active” with a compliance score of 93/100 (Low Risk).

Is The Spice Lab financially healthy?

The Spice Lab has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with The Spice Lab?

Its overall Trust Score is 91/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls The Spice Lab?

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

Does The Spice Lab have loans or charges against its assets?

1 open charge(s) are registered against its assets.

Is The Spice Lab up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 93/100 (Low Risk).

Is it risky to lend to The Spice Lab?

Its Credit Risk Score is 75/100 (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.