Spinel Projects & Infrastructure Limited - Due diligence report

A 360° intelligence report on Spinel Projects & Infrastructure Limited: trust score, financial health, credit view, compliance, directors, g…

2008-06-18 New Delhi, Delhi Active Unlisted Active Compliant
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SP Spinel Projects & Infrastructure Limited
Full Due-Diligence Report + Documents
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  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
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Spinel Projects & Infrastructure Limited — 360° Intelligence Report

Generated from MCA filings & public records
73/100
Trust Score
Moderate

Spinel Projects & Infrastructure Limited is assessed as Moderate with a Trust Score of 73/100. Spinel Projects & Infrastructure Limited is an active public limited indian non-government company incorporated in 2008, operating in the Energy sector. Processed financial statements are not yet available for trend analysis. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Spinel Projects & Infrastructure Limited snapshot & full profile →

Financial Health › Good
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 ScoreModerate
73/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
93/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
60/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreNo Data
N/A
Needs at least two filed years to measure growth.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 1 filed year(s)

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

Get full access

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: 60/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.

Charges position: 0 open (-) · 0 satisfied (-).

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).
Legal cases on record (1)
05

Director Intelligence

Stability score: 30/100
NameDIN / PANDesignationAppointedTenureDIN status
ANIL KUMAR THAKUR 01234567 Director 01/04/2018 6 yrs Approved
Gautam Singh 01234567 Director 01/04/2018 6 yrs Approved
SATYENDRA SINGH 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • SATYENDRA SINGH has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 5 director exits in 3 years - high churn.
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
Hindustan Cleanenergy Limited
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 1 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Hindustan Cleanenergy Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth N/A · Distress 80
Growth signals & trust indicators
Operating for 18+ years.
Distress signals & risk flags
3 director exits within 2 years.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence83/100
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 assessment68/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view39/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
29 Sep 2025
Last AGM held
Annual general meeting
28 Sep 2025
Director ceased
SATYENDRA SINGH
31 Mar 2025
Latest balance sheet
Filed with ROC
08 Jan 2025
Director appointed
SATYENDRA SINGH (Director)
28 Sep 2024
Director ceased
ANIL KUMAR THAKUR
Director ceased
Gautam Singh
17 Feb 2024
Director appointed
Gautam Singh (Director)
20 Oct 2023
Director appointed
ANIL KUMAR THAKUR (Director)
28 Sep 2023
Director ceased
RAHUL RANA
Director ceased
KASHIF NISAR KHAN
30 Sep 2022
Director ceased
MOHD SHOEB
Director ceased
ANUJ GARG
Director ceased
SANJAY NARULA
31 Jan 2022
Director ceased
MANISH TAYAL
30 Nov 2021
Director ceased
DHEERAJ KUMAR SRIVASTAV
10

Key Observations

Auto-generated from the data above
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); review board churn before relying on management continuity.
Promoters hold a dominant controlling stake 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 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Bevy Power And Infrastructure Private Limited U40108DL2011PTC220506 Delhi, Delhi, India
Solitaire Active Power Limited U40104DL2008PLC179758 New Delhi, Delhi, India
Host Solar Power Projects Private Limited U40106DL2016PTC289594 Delhi, Delhi, India
Enel Viento India Private Limited U74110PN2015PTC155763 Pune, Maharashtra, India
Advaita Hydro Power Private Limited U40101HP2011PTC031757 Shimla, Himachal Pradesh, India
Sunmark Power Projects Limited U40104DL2008PLC179755 New Delhi, Delhi, India
Urban Energy Generation Private Limited U40101MH2006PTC164818 Navi Mumbai, Maharashtra, India
Phasor Network Power India Private Limited U31501DL2011PTC213362 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Spinel Projects & Infrastructure Limited 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 Spinel Projects & Infrastructure 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: Mixed indicators - deeper appraisal suggested. Credit risk score 60/100, 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 Spinel Projects & Infrastructure Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 73/100, distress signals and MSME payment-delay disclosures - know whether Spinel Projects & Infrastructure Limited 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 Spinel Projects & Infrastructure Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Spinel Projects & Infrastructure Limited an active company?

Spinel Projects & Infrastructure Limited has MCA status “Active” with a compliance score of 93/100 (Low Risk).

Is Spinel Projects & Infrastructure Limited financially healthy?

Spinel Projects & Infrastructure Limited has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.

Should I do business with Spinel Projects & Infrastructure Limited?

Its overall Trust Score is 73/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Spinel Projects & Infrastructure Limited?

The ultimate holding entity is Hindustan Cleanenergy Limited. 3 active director(s) are on record.

Does Spinel Projects & Infrastructure Limited have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Spinel Projects & Infrastructure Limited 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 Spinel Projects & Infrastructure Limited?

Its Credit Risk Score is 60/100 (Moderate). 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.