Promoter holding
64.27%
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Turnrest Resources Private Limited - Due diligence report
A 360° intelligence report on Turnrest Resources Private Limited: trust score, financial health, credit view, compliance, directors, growth …
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Turnrest Resources Private Limited
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Turnrest Resources Private Limited — 360° Intelligence Report
Generated from MCA filings & public records56/100
Trust Score
Moderate
Turnrest Resources Private Limited is assessed as Moderate with a Trust Score of 56/100. Turnrest Resources Private Limited is a private limited indian non-government company incorporated in 2017, operating in the Metals and Minerals 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 high compliance risk and low financial risk profile.
Report generated on 14 Jul 2026 from the latest processed filings. Turnrest Resources Private Limited 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.
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Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
56/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
Early-warning signals - higher means fewer warnings.
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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.
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Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 55/100 Moderate
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 38%).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A3).
Charges position: 9 open (334.67 cr) · 7 satisfied (101.80 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 14 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| The South Indian Bank Limited | 1 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is "Under Cirp" - not Active.
- Last balance sheet is for Mar 2023 - filings overdue.
- Litigation present in 1 court forum(s).
- 1 auditor resignation(s) filed - latest: JWALANT SHAH & CO on 2020-02-26.
- Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (1)
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Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MITESH KIRITIKUMAR SANGHVI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRIYANKA CHOUBEY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAY HARSHADBHAI CHOTALIYA | 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
5 allotment(s) · 2 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Alpha Minerals Pte Ltd | Subsidiary Company | 74.00% |
Full shareholding pattern, group structure & capital events →
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Risk Intelligence Center
Growth 80 · Distress 55
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Operating for 9 years.
Active GST registration(s).
Distress signals & risk flags
Statutory filings appear overdue.
Adverse company status: Under Cirp.
Compliance score is weak (5/100).
9 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 31,516.00.
1 court case(s) on record - see the legal section for details.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence35/100
Caution indicated
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 assessment50/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 9 open charge(s) of 334.67 cr already registered.
- Compliance gaps should be priced into terms.
Investor view74/100
Positive growth 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.
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MCA Filings & Events Timeline
Latest 15 events26 Mar 2024
Charge satisfied
Others
26 Feb 2024
Charge created
Others - 5.00 cr
30 Sep 2023
Last AGM held
Annual general meeting
16 May 2023
Charge created
Others - 15.00 cr
11 May 2023
Charge created
The South Indian Bank Limited - 25.00 cr
Charge satisfied
Others
31 Mar 2023
Share transfer (FY 2023)
55000.00000000 shares to ARVIND JASMATBHAI RAMANI
Share transfer (FY 2023)
55000.00000000 shares to RASHIK KESHUBHAI BODAR
Latest balance sheet
Filed with ROC
22 Feb 2023
Director appointed
PRIYANKA CHOUBEY (Company Secretary)
03 Nov 2022
Charge satisfied
Others
20 Oct 2022
Charge created
Others - 45.00 cr
30 Mar 2022
Securities allotted
5000000 Equity Shares - 5.00 cr raised
28 Mar 2022
Director ceased
MANISH KUMAR DANGI
16 Feb 2022
Charge created
Others - 6.08 cr
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Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
3 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 A3 from Brickwork.
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 5 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Agrocorp International | U51219MH2004PTC150336 | Mumbai, Maharashtra, India |
| Kennigton Industries Private Limited | U65990MH1992PTC069702 | Mumbai, Maharashtra, India |
| Nikon India | U74999HR2007FTC036820 | Gurgaon, Haryana, India |
| Larenon | U24233GJ2007PTC051467 | Ahmedabad, Gujarat, India |
| Archana Iron Traders Private Limited | U27109TG1988PTC008429 | Secunderabad, Telangana, India |
| Narmada Iron And Associates Private Limited | U28113GJ2003PTC042706 | Ahmedabad, Gujarat, India |
| Elegance Tradelinks Private Limited | U52100DL2014PTC265956 | New Delhi, Delhi, India |
| Black Gold International Private Limited | U74999TN2019PTC130405 | Perambur Purasawalkam, Tamil Nadu, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Turnrest Resources Private 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 Turnrest Resources Private 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 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Turnrest Resources Private Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 56/100, distress signals and MSME payment-delay disclosures - know whether Turnrest Resources Private Limited 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 Turnrest Resources Private Limited - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Turnrest Resources Private Limited an active company?
Turnrest Resources Private Limited has MCA status “Under Cirp” with a compliance score of 5/100 (Caution Indicated).
Is Turnrest Resources Private Limited financially healthy?
Turnrest Resources Private Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.
Should I do business with Turnrest Resources Private Limited?
Its overall Trust Score is 56/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Turnrest Resources Private Limited?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.
Does Turnrest Resources Private Limited have loans or charges against its assets?
9 open charge(s) are registered against its assets, and 7 earlier charge(s) stand satisfied.
Is Turnrest Resources Private Limited up to date with its ROC filings?
Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Turnrest Resources Private Limited?
Its Credit Risk Score is 55/100 (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.
