Verity Spintex Private Limited - Due diligence report

A 360° intelligence report on Verity Spintex Private Limited: trust score, financial health, credit view, compliance, directors, growth and …

2014-09-02 Rajkot, Gujarat Active Unlisted Active Compliant
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Verity Spintex Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
91/100
Trust Score
Low Risk

Verity Spintex Private Limited is assessed as Low Risk with a Trust Score of 91/100. Verity Spintex Private Limited is an active private limited indian non-government company incorporated in 2014, operating in the Manufacturing 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 low compliance risk and low financial risk profile.

Report generated on 26 Jul 2026 from the latest processed filings. Verity Spintex Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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 ScoreLow Risk
91/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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.

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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: 70/100 Moderate
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (B+).

Charges position: 4 open (83.10 cr) · 1 satisfied (16.14 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Axis Bank Limited2 48.0 cr
Others2 48.0 cr
Sidbi1 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).
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
PUNITBHAI RAMESHBHAI BHALODIYA 01234567 Director 01/04/2018 6 yrs Approved
PRAFULKUMAR NARANBHAI BHALODIA 01234567 Director 01/04/2018 6 yrs Approved
SIDDHARTH NARENDRABHAI KADIVAR 01234567 Director 01/04/2018 6 yrs Approved
Kaushalkumar Kiritbhai Kadivar 01234567 Director 01/04/2018 6 yrs Approved
SUNNY BHARATBHAI VADALIYA 01234567 Director 01/04/2018 6 yrs Approved
BHAVESHBHAI SHANTILAL KANASAGRA 01234567 Director 01/04/2018 6 yrs Approved
  • 6 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 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
4 allotment(s) · 11 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 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 11+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
4 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence94/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment79/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 4 open charge(s) of 83.10 cr already registered.
  • Compliance record supports lending.
Investor view79/100
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.
09

MCA Filings & Events Timeline

Latest 15 events
29 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
22 Jan 2025
Charge created
Sidbi - 7.50 cr
04 Sep 2024
Director ceased
Kaushalkumar Kiritbhai Kadivar
30 Mar 2024
Director appointed
Kaushalkumar Kiritbhai Kadivar (Director)
Director ceased
DHIRAJLAL GOPALDAS KADIVAR
26 Dec 2022
Charge created
Axis Bank Limited - 9.90 cr
31 Mar 2021
Share transfer (FY 2021)
30000.00000000 shares to Rajiv Ratilal Patel
Share transfer (FY 2021)
30000.00000000 shares to Pradeep Ratilal Patel
Share transfer (FY 2021)
50000.00000000 shares to Khush Prafulchandra Bhalodiya
Share transfer (FY 2021)
60000.00000000 shares to Krishna Siddharth Kadivar
Share transfer (FY 2021)
35000.00000000 shares to Nikita Kaushal Kadivar
Share transfer (FY 2021)
25000.00000000 shares to Gokul Vijaybhai Karavadia
Share transfer (FY 2021)
25000.00000000 shares to Nikita Kaushal Kadivar
Share transfer (FY 2021)
50000.00000000 shares to Prafulkumar Naranbhai Bhalodia
10

Key Observations

Auto-generated from the data above
Revenue 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.
Compliance record is strong - status, filings and flags are clean.
6 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 B+ from Crisil.
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 4 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Sultanpure Textile Mills U17200PN2015PTC155350 Kolhapur, Maharashtra, India
Shri Damodar Yarn Manufacturing Pvt Ltd U17118MH1983PTC031222 Mumbai, Maharashtra, India
Durgesh Impex Private Limited U51100GJ2004PTC045062 Ahmedabad, Gujarat, India
Prism Knit-Fab Private Limited U17309WB1997PTC082723 Kolkata, West Bengal, India
Gudi Exports Private Limited U18109DL2012PTC234747 Delhi, Delhi, India
Nachiar Spinning Mills Private Limited U17117TN1987PTC014580 Chatrapatti-626102, Tamil Nadu, India
Tathastu Spintex Private Limited U17291GJ2015PTC082868 Morbi, Gujarat, India
Hemlines Textile Exports Private Limited U17100MH1995PTC089950 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Verity Spintex 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 Verity Spintex 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: Favourable lending indicators. Credit risk score 70/100, 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 Verity Spintex Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 91/100, distress signals and MSME payment-delay disclosures - know whether Verity Spintex 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 Verity Spintex Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Verity Spintex Private Limited an active company?

Verity Spintex Private Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Verity Spintex Private Limited financially healthy?

Verity Spintex Private Limited has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Verity Spintex Private Limited?

Its overall Trust Score is 91/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Verity Spintex Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 6 active director(s) are on record.

Does Verity Spintex Private Limited have loans or charges against its assets?

4 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.

Is Verity Spintex 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 Verity Spintex Private Limited?

Its Credit Risk Score is 70/100 (Moderate). Banker verdict: Favourable lending indicators.

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.