Vimal Coatings Ltd - Due diligence report

A 360° intelligence report on Vimal Coatings Ltd: trust score, financial health, credit view, compliance, directors, growth and distress sig…

1992-04-13 Mehsana, Gujarat Active Unlisted Active Compliant
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Vimal Coatings Ltd — 360° Intelligence Report

Generated from MCA filings & public records
92/100
Trust Score
Low Risk

Vimal Coatings Ltd is assessed as Low Risk with a Trust Score of 92/100. Vimal Coatings Ltd is an active public limited indian non-government company incorporated in 1992, operating in the Metals and Minerals 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 low compliance risk and low financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Vimal Coatings Ltd 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
92/100
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
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
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.

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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: 60/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 7 satisfied (17.10 cr).

Banking relationships (from registered charges)
LenderChargesAmount
The Mehsana Urban Co-Operative Bank Limited4 48.0 cr
The Mehsana Urban Co. Op. Bank Ltd1 48.0 cr
Kotak Mahindra Bank Limited1 48.0 cr
Bank Of Baroda1 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
PAYALBEN JIGARKUMAR PATEL 01234567 Director 01/04/2018 6 yrs Approved
MANUBHAI MANCHANDAS PATEL 01234567 Director 01/04/2018 6 yrs Approved
JIGARKUMAR MANUBHAI PATEL 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
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
-

Promoters hold a majority stake - exact percentages are part of the full report.

Group entityRelationship% held
Vim Coats Pvt Ltd Associate Company 74.00%
Vimal Microns Limited Associate Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 55 · Distress 80
Growth signals & trust indicators
Profit expanded 38% year-on-year.
Asset base grew 1.42 - capacity expansion.
Operating for 34+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 2.1x in a year.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence92/100
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 assessment78/100
Favourable lending indicators
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 view75/100
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
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
29 Sep 2023
Director ceased
PAYALBEN JIGARKUMAR PATEL
05 Jan 2023
Director appointed
PAYALBEN JIGARKUMAR PATEL (Director)
30 Sep 2019
Director appointed
MANUBHAI MANCHANDAS PATEL (Director)
Director ceased
MANUBHAI MANCHANDAS PATEL
Director ceased
JIGARKUMAR MANUBHAI PATEL
12 Jun 2019
Charge satisfied
Kotak Mahindra Bank Limited
04 May 2019
Director appointed
JIGARKUMAR MANUBHAI PATEL (Director)
Director ceased
PRAGNESHKUMAR MAFATLAL PATEL
Director ceased
MANUBHAI GANGARAM PATEL
06 Jun 2017
Charge satisfied
The Mehsana Urban Co. Op. Bank Ltd
28 Sep 2013
Director ceased
GHANSHYAMBHAI KESHAVLAL PATEL
15 Mar 2013
Director ceased
BHARATBHAI ISHWARBHAI PATEL
05 Oct 2012
Charge created
Kotak Mahindra Bank Limited - 1.50 cr
10

Key Observations

Auto-generated from the data above
Revenue declined 24% over the last 4 financial year(s).
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 7 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2023 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Aquafill Pumps Private Limited U31900KA2008PTC047661 Chamrajpet, Karnataka, India
Subhshree Traders Private Limited U51101WB2009PTC132675 Kolkata, West Bengal, India
Rescure Remedies Private Limited U24231CH1996PTC019148 Chandigarh, Chandigarh, India
Abmpp Infra Private Limited U45202HR2020PTC090098 Kaithal, Haryana, India
Panache Holdings Private Limited U67120DL2010PTC209560 New Delhi, Delhi, India
Presto Switchgear Private Limited U31400MH2011PTC218472 Nashik, Maharashtra, India
Cochin Shipping Company Cochin Private Limited U61200KL1976PTC002821 Kochi, Kerala, India
Rpg Footwear Private Limited U19202HR2018PTC075953 Bahadurgarh, Haryana, India
12

Who Uses This Report

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

Verify Vimal Coatings Ltd 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 Vimal Coatings 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: Favourable lending indicators. Credit risk score 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 55/100, margin trends, ownership structure and peer set for Vimal Coatings Ltd - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 92/100, distress signals and MSME payment-delay disclosures - know whether Vimal Coatings 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 Vimal Coatings Ltd - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Vimal Coatings Ltd an active company?

Vimal Coatings Ltd has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Vimal Coatings Ltd financially healthy?

Vimal Coatings Ltd has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Vimal Coatings Ltd?

Its overall Trust Score is 92/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Vimal Coatings Ltd?

Promoters hold a majority stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Vimal Coatings Ltd have loans or charges against its assets?

No open charges - all 7 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Vimal Coatings Ltd 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 Vimal Coatings Ltd?

Its Credit Risk Score is 60/100 (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.