Spincotech Private Limited - Due diligence report

A 360° intelligence report on Spincotech Private Limited: trust score, financial health, credit view, compliance, directors, growth and dist…

2002-03-07 Chennai, Tamil Nadu Active Unlisted Active Compliant
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SP Spincotech Private Limited
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Spincotech Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
79/100
Trust Score
Low Risk

Spincotech Private Limited is assessed as Low Risk with a Trust Score of 79/100. Spincotech Private Limited is an active private limited indian non-government company incorporated in 2002, operating in the Engineering sector. Reported revenue has declined across its recent filed years. 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 05 Oct 2026 from the latest processed filings. Spincotech Private Limited 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
79/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
88/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 3 open (50.00 cr) · 6 satisfied (20.74 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc Bank Limited1 48.0 cr
Uco Bank6 48.0 cr
Canara Bank2 48.0 cr
Compliance Score: 88/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2025).
  • 3 active GST registration(s).
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
JANANI THYAGARAJAN 01234567 Director 01/04/2018 6 yrs Approved
THYAGARAJAN SRINIVASAN 01234567 Director 01/04/2018 6 yrs Approved
RAVIKUMAR AMURTHAVALLI 01234567 Director 01/04/2018 6 yrs Approved
RAVINDRANATH CHERUKURI 01234567 Director 01/04/2018 6 yrs Approved
RAVIKUMAR AMURTHAVALLI 01234567 Director 01/04/2018 6 yrs Approved
ARVIND THYAGARAJAN 01234567 Director 01/04/2018 6 yrs Approved
  • 6 directors on the board.
  • RAVIKUMAR AMURTHAVALLI 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 2023)
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 2025 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
1 allotment(s) · 1 transfer(s)

Key managerial personnel: JANANI THYAGARAJAN (Whole-time director) · THYAGARAJAN SRINIVASAN (Managing Director) · RAVINDRANATH CHERUKURI (Whole-time director) · ARVIND THYAGARAJAN (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 45 · Distress 65
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 24+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
3 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence78/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment89/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 50.00 cr already registered.
  • Compliance record supports lending.
Investor view66/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
13 Oct 2025
Charge created
Hdfc Bank Limited - 30.00 cr
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
13 Dec 2023
Charge created
Canara Bank - 10.00 cr
30 Aug 2023
Director appointed
JANANI THYAGARAJAN (Whole-time director)
Director ceased
JANANI THYAGARAJAN
Director ceased
CHANDRASEKARAN SRINIVASAN
Director ceased
RAGHURAMAN JAGADEESAN
04 Mar 2021
Charge created
Canara Bank - 10.00 cr
31 Mar 2018
Share transfer (FY 2018)
82782.00000000 shares to Thyagarajan Srinivasan
05 Jun 2017
Director ceased
LATHA THYAGARAJAN
20 Nov 2014
Securities allotted
35631.00 Equity Shares - 35.63 Lakh raised
10 Jul 2014
Charge satisfied
Uco Bank
01 Apr 2014
Director ceased
AMIRDHAVALLI THIRUVENKATACHARI
25 Sep 2013
Director ceased
ARVIND THYAGARAJAN
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
6 active director(s) / partner(s); review board churn before relying on management continuity.
3 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Luxury Time Limited L74900DL2008PLC182377 Delhi, Delhi, India
Gpel L21308GJ1989PLC012743 Gandhinagar, Gujarat, India
Narmada Macplast Drip Irrigation Systems Limited L25209GJ1992PLC017791 Gandhinagar, Gujarat, India
Calren Care Lifesciences Private Limited U24297TG2015PTC101366 Khairatabad, Telangana, India
Cravatex L93010MH1951PLC008546 Mumbai, Maharashtra, India
Kgk Realty (India) Limited U45100MH2011PLC214097 Borivlai East, Maharashtra, India
Signatureglobal Comtrade Private Limited U66120DL2002PTC362495 Delhi, Delhi, India
Concept Home Textiles Private Limited U17214MH2000PTC126097 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Spincotech Private Limited before audits and certifications: compliance score 88/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Spincotech Private 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: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 45/100, margin trends, ownership structure and peer set for Spincotech Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 79/100, distress signals and MSME payment-delay disclosures - know whether Spincotech Private 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 Spincotech Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Spincotech Private Limited an active company?

Spincotech Private Limited has MCA status “Active” with a compliance score of 88/100 (Low Risk).

Is Spincotech Private Limited financially healthy?

Spincotech Private Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Spincotech Private Limited?

Its overall Trust Score is 79/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Spincotech Private Limited?

See the directors and ownership sections above for board and shareholding detail. 6 active director(s) are on record.

Does Spincotech Private Limited have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 6 earlier charge(s) stand satisfied.

Is Spincotech Private Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2025). Overall compliance score: 88/100 (Low Risk).

Is it risky to lend to Spincotech Private Limited?

Its Credit Risk Score is 95/100 (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.