Promoter holding
64.27%
VA
Veeral Additives Private Limited - Due diligence report
A 360° intelligence report on Vapl: trust score, financial health, credit view, compliance, directors, growth and distress signals - generat…
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Vapl — 360° Intelligence Report
Generated from MCA filings & public records47/100
Trust Score
Caution Indicated
Vapl is assessed as Caution Indicated with a Trust Score of 47/100. Vapl is a private limited indian non-government company incorporated in 2007, operating in the Manufacturing sector. 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 04 Aug 2026 from the latest processed filings. Veeral Additives 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.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreCaution Indicated
47/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
23/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
30/100
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: 40/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- No open charges - unencumbered balance sheet.
- Elevated gearing (D/E 38%).
- Working-capital cover adequate.
Charges position: 0 open (-) · 3 satisfied (114.10 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Hdfc Bank Limited | 2 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
Compliance Score: 23/100 Caution Indicated
- Company status is "Amalgamated" - not Active.
- Last balance sheet is for Mar 2023 - filings overdue.
- Litigation present in 1 court forum(s).
- 1 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| VINATI SARAF MUTREJA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAYESH AJITKUMAR ASHAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUHAS KRISHNA PAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VINOD BANWARILAL SARAF | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PARSHANT MITTAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIRAL MITTAL SARAF | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUHAS KRISHNA PAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 7 directors on the board.
- SUHAS KRISHNA PAI has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 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
Viral Alkalis Limited
Subsidiaries
-
Group entities
-
Capital events
10 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Viral Alkalis Limited | Holding Company | 74.00% |
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 30
Growth signals & trust indicators
Latest year revenue grew 1.42.
Asset base grew 2.1x - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 18+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Outside liabilities up 24% in a year.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (23/100).
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence32/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 4 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment39/100
Enhanced diligence advised
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 view57/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events30 Sep 2023
Last AGM held
Annual general meeting
31 Mar 2023
Latest balance sheet
Filed with ROC
17 Sep 2021
Director ceased
JAYESH AJITKUMAR ASHAR
15 Jul 2021
Charge satisfied
Hdfc Bank Limited
09 Apr 2021
Charge satisfied
Hdfc Bank Limited
29 Jan 2021
Director appointed
JAYESH AJITKUMAR ASHAR (Director)
11 Jan 2021
Charge satisfied
Axis Bank Limited
30 Jun 2020
Director ceased
RAVINDRA BHALCHANDRA VAIDYA
15 Jun 2020
Charge created
Hdfc Bank Limited - 16.10 cr
13 Nov 2019
Securities allotted
2688900 Equity Shares - 2.69 cr raised
28 Sep 2019
Securities allotted
705600 Equity Shares - 70.56 Lakh raised
20 Jul 2019
Securities allotted
2450000 Equity Shares - 2.45 cr raised
26 Apr 2019
Securities allotted
2040000 Equity Shares - 2.04 cr raised
20 Feb 2019
Securities allotted
13240000 Equity Shares - 13.24 cr raised
18 Feb 2019
Charge created
Axis Bank Limited - 30.00 cr
10
Key Observations
Auto-generated from the data aboveDebt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
7 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
All 3 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
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 10 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Premium Serums And Vaccines Private Limited | U24110MH2009PTC189968 | Mumbai, Maharashtra, India |
| Arbuda Agrochemicals Limited | U24219MH2010PLC199656 | Mumbai, Maharashtra, India |
| Vinuthana Chem Tech Private Limited | U24232TG2008PTC057994 | Hyderabad, Telangana, India |
| Rhyme Organics And Chemicals Private Limited | U24110TG1992PTC014702 | Hyderabad, Telangana, India |
| U S Pharma (India) Private Limited | U24230MH2003PTC140514 | Mumbai, Maharashtra, India |
| Pratap Texchem Private Limited | U24111PN1999PTC013732 | Pune, Maharashtra, India |
| Mahadhan Farm Technologies Private Limited | U01110MH2003PTC140539 | Mumbai, Maharashtra, India |
| Sigma Laboratories Private Limited | U85195MH1987PTC043007 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Vapl before audits and certifications: compliance score 23/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Vapl: 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: Enhanced diligence advised. Credit risk score 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 70/100, margin trends, ownership structure and peer set for Vapl - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 47/100, distress signals and MSME payment-delay disclosures - know whether Vapl 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 Vapl - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Vapl an active company?
Vapl has MCA status “Amalgamated” with a compliance score of 23/100 (Caution Indicated).
Is Vapl financially healthy?
Vapl has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.
Should I do business with Vapl?
Its overall Trust Score is 47/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Vapl?
The ultimate holding entity is Viral Alkalis Limited. 7 active director(s) are on record.
Does Vapl have loans or charges against its assets?
No open charges - all 3 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Vapl up to date with its ROC filings?
Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 23/100 (Caution Indicated).
Is it risky to lend to Vapl?
Its Credit Risk Score is 40/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
