Texplast Industries Limited - Due diligence report

A 360° intelligence report on Texplast Industries Limited: trust score, financial health, credit view, compliance, directors, growth and dis…

1970-12-31 Thane, Maharashtra Under Cirp Listed Active Non-Compliant
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Texplast Industries Limited — 360° Intelligence Report

Generated from MCA filings & public records
28/100
Trust Score
Caution Indicated

Texplast Industries Limited is assessed as Caution Indicated with a Trust Score of 28/100. Texplast Industries Limited is a public limited indian non-government company incorporated in 1970, operating in the Packaging sector. Reported revenue has declined 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 12 Aug 2026 from the latest processed filings. Texplast Industries Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Caution
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 ScoreCaution Indicated
28/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
5/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
20/100
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: 40/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.

Charges position: 2 open (75.50 cr) · 23 satisfied (26.09 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Indian Overseas Bank2 48.0 cr
Bank Of Baroda5 48.0 cr
The South Indian Bank Limited7 48.0 cr
Bank Of Baroda1 48.0 cr
The South Indian Bank Liminited4 48.0 cr
The South Indian Bank Kltd1 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Under Cirp" - not Active.
  • Marked ACTIVE non-compliant (INC-22A).
  • Last balance sheet is for Mar 2021 - filings overdue.
  • Flagged by authority: BANKS, BSE.
  • Litigation present in 3 court forum(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
ANUP MURARILAL JHUNJHUNWALA 01234567 Director 01/04/2018 6 yrs Approved
HETAL JIGAR RAJYAGOR 01234567 Director 01/04/2018 6 yrs Approved
SUKUMAR NANDALAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
VED PRAKASH PANDAY 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • SUKUMAR NANDALAL SHAH has DIN status "Disqualified by RoC u/s 164(2)".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2018)
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 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 majority stake - exact percentages are part of the full report.

Key managerial personnel: SUKUMAR NANDALAL SHAH (Managing Director) · VED PRAKASH PANDAY (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 20
Growth signals & trust indicators
Operating for 55+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
Statutory filings appear overdue.
Adverse company status: Under Cirp.
Compliance score is weak (5/100).
2 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence16/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 4 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment21/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 75.50 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view25/100
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
30 Nov 2021
Last AGM held
Annual general meeting
31 Mar 2021
Latest balance sheet
Filed with ROC
22 Oct 2018
Director ceased
JAYESH HIMATLAL MEHTA
20 Jul 2018
Director ceased
Alkesh Patidar
01 Apr 2018
Director ceased
SANDEEP KUMAR SAHU
29 Sep 2017
Director ceased
HETAL JIGAR RAJYAGOR
30 May 2017
Director appointed
HETAL JIGAR RAJYAGOR (Director)
Director appointed
VED PRAKASH PANDAY (CFO)
Director ceased
MILAN MADAN GUPTA
Director ceased
SUNIL PREMSHANKAR TRIPATHI
30 Sep 2016
Director ceased
ANUP MURARILAL JHUNJHUNWALA
30 Apr 2016
Director appointed
ANUP MURARILAL JHUNJHUNWALA (Director)
18 Dec 2014
Director ceased
BHARAT NAUTAMLAL DOSHI
14 Jan 2014
Director ceased
PUTHAMKURICHI VENKATESWARA NARAYANAN
09 Oct 2013
Director ceased
RAHUL SUKUMAR SHAH
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
4 active director(s) / partner(s); review board churn before relying on management continuity.
Promoters hold a majority stake as per the FY 2021 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Krish Plastpet Private Limited U25200MP2010PTC023850 Indore, Madhya Pradesh, India
Lakhotia Enterprise Private Limited U51909TN1998PTC039974 Madras 108, Tamil Nadu, India
Moonlight Plastics Pvt Ltd U25191RJ2006PTC022043 Bhiwadi, Rajasthan, India
Almas Overseas Pvt Ltd U18209WB1995PTC074395 Kolkata, West Bengal, India
Nice Polymers Private Limited U24134AP2008PTC057114 Chilakaluripet, Andhra Pradesh, India
Kapoor Insulations Pvt Ltd U31300MP1993PTC007822 Gwalior, Madhya Pradesh, India
Sqe Systems Private Limited U29190DL2020PTC363798 New Delhi, Delhi, India
Admire Petro Products Private Limited U74899DL1994PTC058266 Delhi, Delhi, India
12

Who Uses This Report

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

Verify Texplast Industries Limited before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Texplast Industries 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: Enhanced diligence advised. Credit risk score 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Texplast Industries Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 28/100, distress signals and MSME payment-delay disclosures - know whether Texplast Industries Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Texplast Industries Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Texplast Industries Limited an active company?

Texplast Industries Limited has MCA status “Under Cirp” with a compliance score of 5/100 (Caution Indicated).

Is Texplast Industries Limited financially healthy?

Texplast Industries Limited has a Financial Health Score of 5/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Texplast Industries Limited?

Its overall Trust Score is 28/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Texplast Industries Limited?

Promoters hold a majority stake - exact percentages are in the full report. 4 active director(s) are on record.

Does Texplast Industries Limited have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 23 earlier charge(s) stand satisfied.

Is Texplast Industries Limited up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Texplast Industries Limited?

Its Credit Risk Score is 40/100 (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.