Promoter holding
64.27%
TP
Thermal Papers Private Ltd - Due diligence report
A 360° intelligence report on Thermal Papers Private Ltd: trust score, financial health, credit view, compliance, directors, growth and dist…
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Thermal Papers Private Ltd — 360° Intelligence Report
Generated from MCA filings & public records86/100
Trust Score
Low Risk
Thermal Papers Private Ltd is assessed as Low Risk with a Trust Score of 86/100. Thermal Papers Private Ltd is an active private limited indian non-government company incorporated in 1986, operating in the Energy and Power sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.
Report generated on 14 Jul 2026 from the latest processed filings. Thermal Papers Private Ltd snapshot & full profile →
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 & explainableTrust ScoreLow Risk
86/100
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
70/100
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
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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.
Get full accessScores 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
- Liabilities ≈ 38% EBITDA - serviceable.
- Open charges exceed net worth - secured lenders rank ahead.
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 9 open (16.35 cr) · 15 satisfied (3.00 Lakh).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Hdfc Bank Limited | 9 | 48.0 cr |
| Punjab National Bank | 11 | 48.0 cr |
| Punajb National Bank | 3 | 48.0 cr |
| Punjab Naional Bank | 1 | 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| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| YOGINDER NATH BINDRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBHASH SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GAURAV JAIN | 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.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2023 annual returnPublic / 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) · 8 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 75
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
Asset base grew 2.1x - capacity expansion.
Net margin improved to 24%.
Operating for 40+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
9 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence86/100
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 assessment78/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 9 open charge(s) of 16.35 cr already registered.
- Compliance record supports lending.
Investor view74/100
Positive growth 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 events30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
07 Mar 2025
Charge created
Hdfc Bank Limited - 15.00 Lakh
31 Jan 2024
Charge created
Hdfc Bank Limited - 15.07 Lakh
31 Mar 2023
Share transfer (FY 2023)
5000.00000000 shares to AKSHAT JAIN
Share transfer (FY 2023)
2500.00000000 shares to AKSHAT JAIN
20 Mar 2023
Charge created
Hdfc Bank Limited - 6.00 Lakh
28 Mar 2022
Charge created
Hdfc Bank Limited - 65.00 Lakh
25 Mar 2022
Charge created
Hdfc Bank Limited - 13.50 Lakh
11 Jun 2021
Charge created
Hdfc Bank Limited - 29.00 Lakh
31 Mar 2021
Share transfer (FY 2021)
5000.00000000 shares to SUBHASH SHARMA
30 Sep 2019
Director ceased
SUBHASH SHARMA
29 Apr 2019
Securities allotted
49860 Equity Shares - 1.10 cr raised
31 Mar 2019
Share transfer (FY 2019)
10.00000000 shares to SANGEETA JAIN
26 Dec 2018
Director appointed
SUBHASH SHARMA (Director)
10
Key Observations
Auto-generated from the data aboveRevenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - leverage worth monitoring.
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.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2023 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.
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| Sheetal Pharmaceuticals Private Limited | U24231UP1996PTC019631 | U P, Uttar Pradesh, India |
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| Ssm Organic Private Limited | U40100PN2018PTC174717 | Pune, Maharashtra, India |
| Dev Spares Private Limited | U50300RJ2008PTC026550 | Jodhpur, Rajasthan, India |
| Modern Enterprises Private Limited | U74999DL2006PTC157173 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Thermal Papers Private Ltd 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 Thermal Papers Private Ltd: 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 70/100, margin trends, ownership structure and peer set for Thermal Papers Private Ltd - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 86/100, distress signals and MSME payment-delay disclosures - know whether Thermal Papers Private Ltd 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 Thermal Papers Private Ltd - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Thermal Papers Private Ltd an active company?
Thermal Papers Private Ltd has MCA status “Active” with a compliance score of 93/100 (Low Risk).
Is Thermal Papers Private Ltd financially healthy?
Thermal Papers Private Ltd has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Thermal Papers Private Ltd?
Its overall Trust Score is 86/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Thermal Papers Private Ltd?
Promoters hold the largest single block of equity - exact percentages are in the full report. 3 active director(s) are on record.
Does Thermal Papers Private Ltd have loans or charges against its assets?
9 open charge(s) are registered against its assets, and 15 earlier charge(s) stand satisfied.
Is Thermal Papers Private Ltd 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 Thermal Papers Private Ltd?
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.
