Springway Mining Private Limited - Due diligence report

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

2010-09-08 Kolkata, West Bengal Amalgamated Unlisted Active Compliant
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SM Springway Mining Private Limited
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Indiacements — 360° Intelligence Report

Generated from MCA filings & public records
51/100
Trust Score
Moderate

Indiacements is assessed as Moderate with a Trust Score of 51/100. Indiacements is a private limited indian non-government company incorporated in 2010, operating in the Metals and Minerals sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.

Report generated on 09 Aug 2026 from the latest processed filings. Springway Mining Private Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Neutral
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
51/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
23/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
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: 35/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Elevated gearing (D/E 38%).

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

Compliance Score: 23/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Last balance sheet is for Mar 2023 - filings overdue.
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
VINAYAK MADHAV NAYAK 01234567 Director 01/04/2018 6 yrs Approved
SAMEER RAJENDRA AGRAWAL 01234567 Director 01/04/2018 6 yrs Approved
Sunita Sabhajeet Yadav 01234567 Director 01/04/2018 6 yrs Approved
GIRISH MENON 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • No disqualified or deactivated DINs.
  • 3 director exit(s) in the last 3 years.
06

Ownership & Group Intelligence

As per FY 2023 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
Jsw Cement Limited
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Jsw Cement Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 40
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
EPFO headcount growing - hiring signal.
Operating for 15+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening 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 diligence36/100
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 assessment34/100
Enhanced diligence advised
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 view61/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
25 Sep 2023
Last AGM held
Annual general meeting
24 Sep 2023
Director ceased
VINAYAK MADHAV NAYAK
Director ceased
SAMEER RAJENDRA AGRAWAL
Director ceased
GIRISH MENON
31 Mar 2023
Latest balance sheet
Filed with ROC
19 Oct 2022
Director appointed
SAMEER RAJENDRA AGRAWAL (Director)
Director appointed
Sunita Sabhajeet Yadav (Company Secretary)
10 Oct 2022
Director appointed
VINAYAK MADHAV NAYAK (Director)
Director appointed
GIRISH MENON (Director)
Director ceased
SANDHYA RAJAN
Director ceased
LAKSHMIAPARNA SREEKUMAR
Director ceased
VENKATESWARAN NATARAJAN
30 Sep 2022
Director ceased
MUNI REDDY PEDDAMUNEIAHGARI
30 Sep 2019
Director ceased
MURUGANANDAM DURAISAMY NADAR
Director ceased
RAKESH SINGH
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
4 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Kunnathan Granites Private Limited U14294KL2017PTC051086 Ernakulam, Kerala, India
Natural Resources Energy Private Limited U40101CT2007PTC020163 Raipur, Chattisgarh, India
Anusha Stones Private Limited U51102KA1999PTC026117 Bangalore, Karnataka, India
Araanya Mines Private Limited U10300WB2015PTC204908 Kolkata, West Bengal, India
Chitamba Black Stones Private Limited U14200RJ2021PTC078682 Jaipur, Rajasthan, India
Craft Stone Private Limited U14200TG2012PTC084413 Hyderabad, Telangana, India
Continental Minerals Private Limited U14219RJ1985PTC003490 Sikar, Rajasthan, India
Nmr Blue Metals Private Limited U14290TN2022PTC151397 Rajapalayam, Tamil Nadu, India
12

Who Uses This Report

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

Verify Indiacements 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 Indiacements: 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 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 85/100, margin trends, ownership structure and peer set for Indiacements - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 51/100, distress signals and MSME payment-delay disclosures - know whether Indiacements 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 Indiacements - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Indiacements an active company?

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

Is Indiacements financially healthy?

Indiacements has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Indiacements?

Its overall Trust Score is 51/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Indiacements?

The ultimate holding entity is Jsw Cement Limited. 4 active director(s) are on record.

Does Indiacements have loans or charges against its assets?

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

Is Indiacements up to date with its ROC filings?

Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 23/100 (Caution Indicated).

Is it risky to lend to Indiacements?

Its Credit Risk Score is 35/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

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.