Upward Projects Limited - Due diligence report

A 360° intelligence report on Upward Projects Limited: trust score, financial health, credit view, compliance, directors, growth and distres…

2006-06-20 Ahmedabad, Gujarat Strike Off Unlisted Active Non-Compliant
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Upward Projects Limited — 360° Intelligence Report

Generated from MCA filings & public records
48/100
Trust Score
Caution Indicated

Upward Projects Limited is assessed as Caution Indicated with a Trust Score of 48/100. Upward Projects Limited is a public limited indian non-government company incorporated in 2006, operating in the Real Estate and Construction sector. Processed financial statements are not yet available for trend analysis. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.

Report generated on 14 Oct 2026 from the latest processed filings. Upward Projects Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Neutral
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
48/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
10/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
60/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreNo Data
N/A
Needs at least two filed years to measure growth.
Distress ScoreModerate
55/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 1 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: 60/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 10/100 Caution Indicated
  • Company status is "Strike Off" - not Active.
  • Marked ACTIVE non-compliant (INC-22A).
  • Last balance sheet is for Mar 2014 - filings overdue.
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
MEHUL SEVANTILAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
DIVYA MEHUL SHAH 01234567 Director 01/04/2018 6 yrs Approved
JAYENDRA KANTILAL DOSHI 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • MEHUL SEVANTILAL SHAH has DIN status "Disqualified by RoC u/s 164(2)".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2015 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
0 allotment(s) · 3 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 N/A · Distress 55
Growth signals & trust indicators
Operating for 20+ years.
Distress signals & risk flags
Statutory filings appear overdue.
Adverse company status: Strike Off.
Compliance score is weak (10/100).
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor 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 assessment48/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view33/100
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 9 events
31 Mar 2015
Share transfer (FY 2015)
100.00000000 shares to Sevantilal Mehul
Share transfer (FY 2015)
100.00000000 shares to Mehul Varun
Share transfer (FY 2015)
100.00000000 shares to Mehul Gunjal
30 Sep 2014
Last AGM held
Annual general meeting
31 Mar 2014
Latest balance sheet
Filed with ROC
02 Jan 2007
Director appointed
JAYENDRA KANTILAL DOSHI (Director)
28 Jun 2006
Director appointed
MEHUL SEVANTILAL SHAH (Director)
Director appointed
DIVYA MEHUL SHAH (Director)
20 Jun 2006
Incorporated
Registered with Roc Ahmedabad
10

Key Observations

Auto-generated from the data above
3 active director(s) / partner(s); review board churn before relying on management continuity.
Promoters hold a dominant controlling stake as per the FY 2015 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Ak Transcharger Private Limited U31102GJ2009PTC058308 Ahmedabad, Gujarat
Chardham Logistics Private Limited U60210GJ2012PTC072906 Ahmedabad, Gujarat
Aashna Electronics Private Limited U72200GJ1999PTC035822 Ahmedabad, Gujarat
M.R.DHATUKHOJI TRADERS LLP AAE-0997 Ahmedabad, Gujarat
Nst Infrastructures Private Limited U45201GJ2010PTC060689 Ahmedabad, Gujarat
Raajendra Classes Private Limited U80903GJ2005PTC046792 Ahmedabad, Gujarat
Stryker Hr Solutions Private Limited U78300GJ2023PTC143800 Ahmedabad, Gujarat
Reliance Elastomers Pvt Ltd U24130GJ1991PTC016096 Ahmedabad, Gujarat
Skyzone Technohub Private Limited U74999GJ2020PTC114086 Ahmedabad, Gujarat
Genest Engineers Pvt Ltd U24259GJ1973PTC002448 Ahmedabad, Gujarat
12

Who Uses This Report

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

Verify Upward Projects Limited before audits and certifications: compliance score 10/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Upward Projects 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 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score n/a, margin trends, ownership structure and peer set for Upward Projects Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 48/100, distress signals and MSME payment-delay disclosures - know whether Upward Projects Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Upward Projects Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Upward Projects Limited an active company?

Upward Projects Limited has MCA status “Strike Off” with a compliance score of 10/100 (Caution Indicated).

Is Upward Projects Limited financially healthy?

Upward Projects Limited has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.

Should I do business with Upward Projects Limited?

Its overall Trust Score is 48/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Upward Projects Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Upward Projects Limited have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Upward Projects Limited up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 10/100 (Caution Indicated).

Is it risky to lend to Upward Projects Limited?

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.