Promoter holding
64.27%
VR
Veet Rag Exploration & Minerals Private Limited - Due diligence report
A 360° intelligence report on Veet Rag Exploration & Minerals Private Limited: trust score, financial health, credit view, compliance, direc…
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Veet Rag Exploration & Minerals Private Limited — 360° Intelligence Report
Generated from MCA filings & public records72/100
Trust Score
Moderate
Veet Rag Exploration & Minerals Private Limited is assessed as Moderate with a Trust Score of 72/100. Veet Rag Exploration & Minerals Private Limited is an active private limited indian non-government company incorporated in 2000, operating in the Metals and Minerals sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and high financial risk profile.
Report generated on 10 Aug 2026 from the latest processed filings. Veet Rag Exploration & Minerals 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
72/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
20/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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: 45/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- No open charges - unencumbered balance sheet.
Charges position: 0 open (-) · 1 satisfied (35.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Abhyudaya Co-Op. Bank Limited | 1 | 48.0 cr |
Compliance Score: 100/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- 1 active GST registration(s).
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Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| Smarajit Dey | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Praveen Kumar Jain | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 2 directors on the board.
- No disqualified or deactivated DINs.
- 5 director exits in 3 years - high churn.
06
Ownership & Group Intelligence
As per FY 2021 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
0 allotment(s) · 2 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
Key managerial personnel: Smarajit Dey (Managing Director)
Full shareholding pattern, group structure & capital events →
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Risk Intelligence Center
Growth 90 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Latest year revenue grew 1.42.
Asset base grew 2.1x - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 25+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Negative net worth.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence83/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment51/100
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 record supports lending.
Investor view61/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 4 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 events30 Sep 2025
Last AGM held
Annual general meeting
29 Sep 2025
Director ceased
Praveen Kumar Jain
31 Mar 2025
Latest balance sheet
Filed with ROC
13 Feb 2025
Director appointed
Praveen Kumar Jain (Director)
06 May 2024
Director appointed
Smarajit Dey (Managing Director)
Director ceased
Smarajit Dey
29 Sep 2023
Director ceased
Chetan Kumar Jain
26 Sep 2023
Director ceased
PRADYUMNA PRABHAKAR PARANJAPE
28 Aug 2023
Director ceased
MANISHA ANILKUMAR SOMANI
01 Oct 2022
Director ceased
ANAND SHAKTIKUMAR SANCHETI
Director ceased
PARAMVEER ABHAY SANCHETI
22 Jan 2020
Director ceased
ABHAY HARAKCHAND SANCHETI
Director ceased
AKSHAY ABHAY SANCHETI
30 Sep 2019
Director ceased
ARUN BHASKAR DEORAS
27 Sep 2018
Director ceased
MAYUR MADANLAL NANDHA
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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%.
Compliance record is strong - status, filings and flags are clean.
2 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 1 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 2021 annual return.
| Company | CIN | Location |
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| Dream Logistics Company (India) Private Limited | U63023KA2006PTC038666 | Near Bus Stand Yellpur 581359, Karnataka, India |
| Mm Natural Resources Private Limited | U14108KA2013PTC069540 | Bengaluru, Karnataka, India |
| Parari Crushers & Sands Private Limited | U14100KL2011PTC029628 | Malappuram, Kerala, India |
| M S Talaulicar And Sons Private Limited | U13209GA1967PTC000074 | Goa, Goa, India |
| Gajinkar Commercial Private Limited | U27310KA2019PTC126932 | Belgaum, Karnataka, India |
| Bansiya Minechem Private Limited | U13200GJ2014PTC081479 | Ahmedabad, Gujarat, India |
| Sln Rockstones Private Limited | U74999TG2018PTC124373 | Hyderabad, Telangana, India |
| Narain Oils Private Limited | U15141DL1996PTC080092 | New Delhi, Delhi, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Veet Rag Exploration & Minerals Private Limited before audits and certifications: compliance score 100/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Veet Rag Exploration & Minerals 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 90/100, margin trends, ownership structure and peer set for Veet Rag Exploration & Minerals Private Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 72/100, distress signals and MSME payment-delay disclosures - know whether Veet Rag Exploration & Minerals Private 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 Veet Rag Exploration & Minerals Private Limited - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Veet Rag Exploration & Minerals Private Limited an active company?
Veet Rag Exploration & Minerals Private Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).
Is Veet Rag Exploration & Minerals Private Limited financially healthy?
Veet Rag Exploration & Minerals Private Limited has a Financial Health Score of 20/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Veet Rag Exploration & Minerals Private Limited?
Its overall Trust Score is 72/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Veet Rag Exploration & Minerals Private Limited?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 2 active director(s) are on record.
Does Veet Rag Exploration & Minerals Private Limited have loans or charges against its assets?
No open charges - all 1 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Veet Rag Exploration & Minerals Private Limited up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 100/100 (Low Risk).
Is it risky to lend to Veet Rag Exploration & Minerals Private Limited?
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.
