Trigger Apparels Limited - Due diligence report

A 360° intelligence report on Trigger Apparels Limited: trust score, financial health, credit view, compliance, directors, growth and distre…

1999-07-30 Mettupalayam, Tamil Nadu Active Unlisted Active Compliant
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Trigger Apparels Limited — 360° Intelligence Report

Generated from MCA filings & public records
66/100
Trust Score
Moderate

Trigger Apparels Limited is assessed as Moderate with a Trust Score of 66/100. Trigger Apparels Limited is an active public limited indian non-government company incorporated in 1999, operating in the Fashion and Textile sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and high financial risk profile.

Report generated on 07 Aug 2026 from the latest processed filings. Trigger Apparels Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Good
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
66/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
74/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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: 50/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Profitable - internal accruals available.

Charges position: 1 open (10.44 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Indian Overseas Bank1 48.0 cr
Compliance Score: 74/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 2 court forum(s).
  • 11 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
SITARAMAN KALYANASUNDARAM 01234567 Director 01/04/2018 6 yrs Approved
AYYALUSAMY VELUSAMY 01234567 Director 01/04/2018 6 yrs Approved
SRIRAMULU PRANAV SRIRAMAN 01234567 Director 01/04/2018 6 yrs Approved
GOVINDASWAMYNAIDU BALAKRISHNAN 01234567 Director 01/04/2018 6 yrs Approved
VIJAYAKUMAR SUNDARAM 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 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
K G Denim Limited
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
K G Denim Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 65 · Distress 55
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
Net margin improved to 2.1x.
Operating for 27+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
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 diligence66/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment50/100
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 10.44 cr already registered.
  • Compliance record supports lending.
Investor view53/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
28 Sep 2024
Last AGM held
Annual general meeting
27 Sep 2024
Director ceased
VIJAYAKUMAR SUNDARAM
31 Mar 2024
Latest balance sheet
Filed with ROC
29 Nov 2023
Director appointed
SITARAMAN KALYANASUNDARAM (Director)
Director appointed
VIJAYAKUMAR SUNDARAM (Director)
23 Sep 2022
Director ceased
MORUR ELAYAPPAN VADIVEL SELVAMM
15 Jul 2022
Director ceased
SITARAMAN KALYANASUNDARAM
30 Mar 2022
Securities allotted
1500000 Equity Shares - 1.50 cr raised
23 Sep 2021
Director ceased
SIVAGAMINATHAN MANICKAM
24 Jul 2021
Director ceased
KRISHNAKUMAR
27 Jan 2021
Director ceased
RAVALI SRIDHAR KANDASAMI
26 Sep 2018
Director ceased
SRIRAMULU PRANAV SRIRAMAN
15 Nov 2017
Director ceased
SURINDER CHHIBBER
26 Sep 2017
Director appointed
SRIRAMULU PRANAV SRIRAMAN (Director)
30 Mar 2016
Securities allotted
2500000 Equity Shares - 2.50 cr raised
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
5 active director(s) / partner(s); board looks stable and experienced.
11 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 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Radhamani Exports Private Limited U51109KA1996PTC115505 Bangalore South, Karnataka, India
Ridhi Sidhi Mills (India) Private Limited U72200RJ1995PTC009280 Pali Marwar, Rajasthan, India
Shriganesh Textile And Infrastructure (India) Private Limited U17122MH2006PTC164706 Thane, Maharashtra, India
M.R.Filaments Private Limited U17122GJ2006PTC049008 Surat, Gujarat, India
Retro Footwears Private Limited U51500DL2006PTC153953 New Delhi, Delhi, India
V.Rungta Art Processors India Private Limited U17119GJ1993PTC019834 Surat, Gujarat, India
Satia Synthetics Limited U17111PB1992PLC012747 Muktsar, Punjab, India
Saravana Poly Threads Private Limited U17299TZ2001PTC009603 Gobi Taluk Erode Dist, Tamil Nadu, India
12

Who Uses This Report

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

Verify Trigger Apparels Limited before audits and certifications: compliance score 74/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Trigger Apparels 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 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 65/100, margin trends, ownership structure and peer set for Trigger Apparels Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 66/100, distress signals and MSME payment-delay disclosures - know whether Trigger Apparels Limited 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 Trigger Apparels Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Trigger Apparels Limited an active company?

Trigger Apparels Limited has MCA status “Active” with a compliance score of 74/100 (Moderate).

Is Trigger Apparels Limited financially healthy?

Trigger Apparels Limited has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Trigger Apparels Limited?

Its overall Trust Score is 66/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Trigger Apparels Limited?

The ultimate holding entity is K G Denim Limited. 5 active director(s) are on record.

Does Trigger Apparels Limited have loans or charges against its assets?

1 open charge(s) are registered against its assets.

Is Trigger Apparels Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 74/100 (Moderate).

Is it risky to lend to Trigger Apparels Limited?

Its Credit Risk Score is 50/100 (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.