Promoter holding
64.27%
VF
Vikash Forge Pvt.Ltd. - Due diligence report
A 360° intelligence report on Vikash Forge Pvt.Ltd.: trust score, financial health, credit view, compliance, directors, growth and distress …
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Vikash Forge Pvt.Ltd. — 360° Intelligence Report
Generated from MCA filings & public records81/100
Trust Score
Low Risk
Vikash Forge Pvt.Ltd. is assessed as Low Risk with a Trust Score of 81/100. Vikash Forge Pvt.Ltd. is an active private limited indian non-government company incorporated in 1995, operating in the Metals and Minerals 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 13 Oct 2026 from the latest processed filings. Vikash Forge Pvt.Ltd. 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 ScoreLow Risk
81/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
30/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 30/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 1.42).
- Profitable - internal accruals available.
Charges position: 1 open (4.74 cr) · 1 satisfied (1.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Bank Of India | 1 | 48.0 cr |
| Others | 1 | 48.0 cr |
Compliance Score: 75/100 Low Risk
- Company status is Active as per MCA.
- Last balance sheet is for Mar 2024 - filings overdue.
- 1 active GST registration(s).
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Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| PANKAJ KAUSHIK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Raghav Kaushik | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 2 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)
| 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
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Subsidiaries
-
Group entities
-
Capital events
-
Promoters hold the largest single block of equity - exact percentages are part of the full report.
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
Operating for 31+ years.
Active GST registration(s).
Distress signals & risk flags
Statutory filings appear overdue.
1 open charge(s) registered - assets are encumbered.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence78/100
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 assessment55/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 4.74 cr already registered.
- Compliance record supports lending.
Investor view84/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 5 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 11 events16 Jun 2025
Charge satisfied
Others
06 Nov 2024
Charge created
Bank Of India - 4.74 cr
30 Sep 2024
Last AGM held
Annual general meeting
29 Sep 2024
Director ceased
Raghav Kaushik
31 Mar 2024
Latest balance sheet
Filed with ROC
25 Jan 2024
Director ceased
VIKASH KAUSHIK
11 Dec 2023
Director appointed
Raghav Kaushik (Director)
28 Dec 2022
Charge created
Others - 1.00 cr
14 Jan 2019
Director ceased
JUGAL KISHORE KAUSHIK
23 Feb 2018
Director appointed
PANKAJ KAUSHIK (Director)
06 Jan 1995
Incorporated
Registered with Roc Kolkata
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Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
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.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
| Company | CIN | Location |
|---|---|---|
| BASMALA ENTERPRISE LLP | AAK-2121 | Howrah, West Bengal |
| Aam Steel & Minerals Private Limited | U51900WB2007PTC112625 | Howrah, West Bengal |
| Natural Vanijya Private Limited | U51109WB2006PTC110345 | Howrah, West Bengal |
| Gangotri Dealcom Private Limited. | U51909WB2007PTC118871 | Howrah, West Bengal |
| Micro Metals Pvt Ltd | U27109WB1996PTC079423 | Howrah, West Bengal |
| Progressive Vanijya Private Limited | U51109WB2006PTC108247 | Howrah, West Bengal |
| Shree Hanuman Steel Rolling Mills Co Ltd | U27101WB1940PLC010318 | Howrah, West Bengal |
| Rajlakshmi Ispat Pvt. Ltd. | U51420WB2006PTC108318 | Howrah, West Bengal |
| Aucomp Services Private Limited | U72100WB2015PTC208548 | Howrah, West Bengal |
| Whizzo Global Analytical Private Limited | U72900WB2017PTC221850 | Howrah, West Bengal |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Vikash Forge Pvt.Ltd. before audits and certifications: compliance score 75/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Vikash Forge Pvt.Ltd.: 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 30/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Vikash Forge Pvt.Ltd. - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 81/100, distress signals and MSME payment-delay disclosures - know whether Vikash Forge Pvt.Ltd. 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 Vikash Forge Pvt.Ltd. - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Vikash Forge Pvt.Ltd. an active company?
Vikash Forge Pvt.Ltd. has MCA status “Active” with a compliance score of 75/100 (Low Risk).
Is Vikash Forge Pvt.Ltd. financially healthy?
Vikash Forge Pvt.Ltd. has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.
Should I do business with Vikash Forge Pvt.Ltd.?
Its overall Trust Score is 81/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Vikash Forge Pvt.Ltd.?
Promoters hold the largest single block of equity - exact percentages are in the full report. 2 active director(s) are on record.
Does Vikash Forge Pvt.Ltd. have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.
Is Vikash Forge Pvt.Ltd. up to date with its ROC filings?
Last balance sheet is for Mar 2024 - filings overdue. Overall compliance score: 75/100 (Low Risk).
Is it risky to lend to Vikash Forge Pvt.Ltd.?
Its Credit Risk Score is 30/100 (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.
