Promoter holding
64.27%
VP
Veekay Polycoats Limited - Due diligence report
A 360° intelligence report on Veekay Polycoats: trust score, financial health, credit view, compliance, directors, growth and distress signa…
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Veekay Polycoats — 360° Intelligence Report
Generated from MCA filings & public records66/100
Trust Score
Moderate
Veekay Polycoats is assessed as Moderate with a Trust Score of 66/100. Veekay Polycoats is an active public limited indian non-government company incorporated in 1992, operating in the Manufacturing sector. Reported revenue has declined 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 low financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Veekay Polycoats 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.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
66/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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: 45/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Profitable - internal accruals available.
- Externally credit-rated (D).
Charges position: 2 open (251.92 cr) · 18 satisfied (185.62 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 5 | 48.0 cr |
| State Bank Of India | 2 | 48.0 cr |
| State Bank Of Travancore | 2 | 48.0 cr |
| State Bank Of Patiala | 1 | 48.0 cr |
| Barclays Bank Plc | 1 | 48.0 cr |
| State Bank Of Mysore | 1 | 48.0 cr |
Compliance Score: 50/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: EPFO, DRT, BANKS.
- Litigation present in 3 court forum(s).
- 4 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 30/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| TANJUL MITTAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Pratuish Mohanlal Agrawal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Vinod Kumar Govil | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Sanjay Verma | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Suresh Kumar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Anuradha Singh | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUNITA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TANISHQ AGGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJAY AGGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHANU PRATAP SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 10 directors on the board.
- BHANU PRATAP SINGH has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 8 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2018)
| 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 2024 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
33 allotment(s) · 1 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 75 · Distress 70
Growth signals & trust indicators
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 33+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 61% in a year.
3 director exits within 2 years.
Compliance score is weak (50/100).
2 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence61/100
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 assessment58/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 2 open charge(s) of 251.92 cr already registered.
- Compliance gaps should be priced into terms.
Investor view76/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 5 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
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
31 Dec 2024
Director appointed
Pratuish Mohanlal Agrawal (Director)
30 Dec 2024
Director ceased
Vinod Kumar Govil
Director ceased
Sanjay Verma
Director ceased
Suresh Kumar
05 Apr 2024
Director appointed
Vinod Kumar Govil (Director)
29 Mar 2024
Charge satisfied
Others
19 Mar 2024
Director appointed
Sanjay Verma (Director)
Director appointed
Suresh Kumar (Director)
Director ceased
Pratuish Mohanlal Agrawal
27 Oct 2023
Charge created
State Bank Of India - 110.00 cr
29 Sep 2023
Director ceased
TANJUL MITTAL
Director ceased
SUNITA
Director ceased
TANISHQ AGGARWAL
10
Key Observations
Auto-generated from the data aboveRevenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - leverage worth monitoring.
Net worth is positive.
10 active director(s) / partner(s); review board churn before relying on management continuity.
4 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of D from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 33 security allotment(s) - amounts available in the full report.
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| Kanak Ratna Woven Sack Private Limited | U25209GJ2018PTC103690 | Surat, Gujarat, India |
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Veekay Polycoats before audits and certifications: compliance score 50/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Veekay Polycoats: 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Veekay Polycoats - 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 Veekay Polycoats pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Veekay Polycoats - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Veekay Polycoats an active company?
Veekay Polycoats has MCA status “Active” with a compliance score of 50/100 (Moderate).
Is Veekay Polycoats financially healthy?
Veekay Polycoats has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Veekay Polycoats?
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 Veekay Polycoats?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 10 active director(s) are on record.
Does Veekay Polycoats have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 18 earlier charge(s) stand satisfied.
Is Veekay Polycoats up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 50/100 (Moderate).
Is it risky to lend to Veekay Polycoats?
Its Credit Risk Score is 45/100 (Caution Indicated). 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.
