Vraj Packaging Private Limited - Due diligence report

A 360° intelligence report on Vraj Packaging: trust score, financial health, credit view, compliance, directors, growth and distress signals…

1997-03-17 Daman, Daman And Diu Active Unlisted Active Compliant
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VP Vraj Packaging Private Limited
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Vraj Packaging — 360° Intelligence Report

Generated from MCA filings & public records
93/100
Trust Score
Low Risk

Vraj Packaging is assessed as Low Risk with a Trust Score of 93/100. Vraj Packaging is an active private limited indian non-government company incorporated in 1997, operating in the Packaging sector. 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 27 Jun 2026 from the latest processed filings. Vraj Packaging 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
93/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
93/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
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.

Get full access

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

Charges position: 1 open (32.10 cr) · 3 satisfied (35.64 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Sbicap Trustee Company Limited1 48.0 cr
Others1 48.0 cr
The Economic Evelopment Corporation Of Goa1 48.0 cr
Dena Bank1 48.0 cr
Compliance Score: 93/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • 2 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
MITESH KIRIT BABARIA 01234567 Director 01/04/2018 6 yrs Approved
DEVANSH SHARAD BABARIA 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 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
1 allotment(s) · 0 transfer(s)

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 55 · Distress 80
Growth signals & trust indicators
Asset base grew 2.1x - capacity expansion.
Operating for 29+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Profit declined two years in a row.
1 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence89/100
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 assessment79/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 32.10 cr already registered.
  • Compliance record supports lending.
Investor view78/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 1 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
20 Oct 2022
Director ceased
KIRIT VRAJLAL BABARIA
30 Sep 2022
Director ceased
DEVANSH SHARAD BABARIA
29 Apr 2022
Director appointed
DEVANSH SHARAD BABARIA (Director)
30 Jul 2021
Director ceased
ASHIT RAMESH SHAH
16 Feb 2021
Charge satisfied
Dena Bank
Charge satisfied
Others
15 Jan 2021
Charge created
Sbicap Trustee Company Limited - 32.10 cr
20 Jun 2019
Director ceased
MITESH KIRIT BABARIA
13 Jun 2019
Director ceased
SHARAD KIRIT BABARIA
22 Aug 2018
Director ceased
RAMESH CHHAGANLAL SHAH
11 Nov 2010
Director appointed
MITESH KIRIT BABARIA (Director)
Director ceased
MAHESH VRAJLAL BABARIA
Director ceased
PANKAJ VRAJALAL BABARIA
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% - manageable leverage.
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.
2 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BBB- from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Dutron U25209GJ1973PTC002235 Ahmedabad, Gujarat, India
Poly Gran India Private Limited U25209MH2012PTC228527 Chitegaon, Maharashtra, India
Stellar Plastics (India) Private Limited U25199TN2012PTC088945 Sriperumbudur Taluk, Tamil Nadu, India
Vibgyor Printing And Packaging Pvt Ltd U67120GJ1984PTC133304 Ahmedabad, Gujarat, India
Npf Polyfilms Private Limited U25209GJ2011PTC067070 Gandhinagar, Gujarat, India
Aion Pipes Private Limited U25206MH2017PTC296562 Mumbai, Maharashtra, India
Bentlay Fittings U29266GJ2013PLC076772 Ahmedabad, Gujarat, India
Snam Abrasives Private Limited U29200KA1979PTC003670 Bangalore, Karnataka, India
12

Who Uses This Report

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

Verify Vraj Packaging before audits and certifications: compliance score 93/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Vraj Packaging: 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 Vraj Packaging - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 93/100, distress signals and MSME payment-delay disclosures - know whether Vraj Packaging 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 Vraj Packaging - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Vraj Packaging an active company?

Vraj Packaging has MCA status “Active” with a compliance score of 93/100 (Low Risk).

Is Vraj Packaging financially healthy?

Vraj Packaging has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Vraj Packaging?

Its overall Trust Score is 93/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Vraj Packaging?

Promoters hold a majority stake - exact percentages are in the full report. 2 active director(s) are on record.

Does Vraj Packaging have loans or charges against its assets?

1 open charge(s) are registered against its assets, and 3 earlier charge(s) stand satisfied.

Is Vraj Packaging up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 93/100 (Low Risk).

Is it risky to lend to Vraj Packaging?

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.