Thermotech Engineering (Pune) Private Limited - Due diligence report

A 360° intelligence report on Thermotech Engineering (Pune): trust score, financial health, credit view, compliance, directors, growth and d…

2004-04-27 Chakan, Maharashtra Active Unlisted Active Compliant
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Thermotech Engineering (Pune) — 360° Intelligence Report

Generated from MCA filings & public records
63/100
Trust Score
Moderate

Thermotech Engineering (Pune) is assessed as Moderate with a Trust Score of 63/100. Thermotech Engineering (Pune) is an active private limited indian non-government company incorporated in 2004, operating in the Machinery and Equipment 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 moderate financial risk profile.

Report generated on 24 Jul 2026 from the latest processed filings. Thermotech Engineering (Pune) Private Limited snapshot & full profile →

Financial Health › Neutral
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Weak

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
63/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
44/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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 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
  • Liabilities ≈ 38% EBITDA - stretched.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Externally credit-rated (B-).

Charges position: 1 open (10.00 cr) · 1 satisfied (1.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Bank Of Baroda1 48.0 cr
Rajarambapu Sahakari Bank Ltd1 48.0 cr
Compliance Score: 44/100 Caution Indicated
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Flagged by authority: EPFO.
  • Litigation present in 2 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SANJEEV NIHALCHAND GANDHI 01234567 Director 01/04/2018 6 yrs Approved
SANTOSH SUWALAL CHANGEDIA 01234567 Director 01/04/2018 6 yrs Approved
  • 2 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 2019)
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 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
-
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.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 60
Growth signals & trust indicators
Operating for 22+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Compliance score is weak (44/100).
1 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence54/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment53/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 10.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view49/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 11 events
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
17 Nov 2017
Director ceased
MANOJ KANTILAL BHALGAT
15 Feb 2017
Director ceased
PRAKASH RAOSAHEB TAMBE
13 Oct 2014
Charge satisfied
Rajarambapu Sahakari Bank Ltd
04 Jul 2012
Charge created
Rajarambapu Sahakari Bank Ltd - 1.00 cr
19 Mar 2012
Charge created
Bank Of Baroda - 10.00 cr
28 Mar 2009
Securities allotted
49000.00 Equity Shares - 49.00 Lakh raised
27 Apr 2004
Incorporated
Registered with Roc Pune
Director appointed
SANJEEV NIHALCHAND GANDHI (Director)
Director appointed
SANTOSH SUWALAL CHANGEDIA (Director)
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.
2 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of B- from Care.
Promoters hold a dominant controlling stake 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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Japan Inspection Consulting Services India Private Limited U74999HR2019FTC077854 Palam Road, Haryana, India
Trakin Engineering Private Limited U74999BR2021PTC055341 Danapur, Bihar, India
Aesoft Engineering Private Limited U74999MH2022PTC379290 Nashik, Maharashtra, India
Petroskids Engineering Services (Opc) Private Limited U74999TN2022OPC151592 Tiruchirappalli, Tamil Nadu, India
Gs Gem Scan Laboratories Private Limited U74220MH2005PTC157036 Bandra, Maharashtra, India
Koralsdesign Private Limited U74999PN2020PTC189159 Pune City, Maharashtra, India
Emint 1729 Services Private Limited U66220DL2022PTC399365 Delhi, Delhi, India
Magnus Designers And Consultants Private Limited U74999TG2018PTC123260 Secunderabad, Telangana, India
12

Who Uses This Report

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

Verify Thermotech Engineering (Pune) before audits and certifications: compliance score 44/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Thermotech Engineering (Pune): 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: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Thermotech Engineering (Pune) - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 63/100, distress signals and MSME payment-delay disclosures - know whether Thermotech Engineering (Pune) pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Thermotech Engineering (Pune) - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Thermotech Engineering (Pune) an active company?

Thermotech Engineering (Pune) has MCA status “Active” with a compliance score of 44/100 (Caution Indicated).

Is Thermotech Engineering (Pune) financially healthy?

Thermotech Engineering (Pune) has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.

Should I do business with Thermotech Engineering (Pune)?

Its overall Trust Score is 63/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Thermotech Engineering (Pune)?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 2 active director(s) are on record.

Does Thermotech Engineering (Pune) have loans or charges against its assets?

1 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.

Is Thermotech Engineering (Pune) up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 44/100 (Caution Indicated).

Is it risky to lend to Thermotech Engineering (Pune)?

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.