Vrn Ceramics Limited - Due diligence report

A 360° intelligence report on Vrn Ceramics Limited: trust score, financial health, credit view, compliance, directors, growth and distress s…

2002-09-25 Sabarkantha, Gujarat Active Unlisted Active Compliant
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Vrn Ceramics Limited — 360° Intelligence Report

Generated from MCA filings & public records
84/100
Trust Score
Low Risk

Vrn Ceramics Limited is assessed as Low Risk with a Trust Score of 84/100. Vrn Ceramics Limited is an active public limited indian non-government company incorporated in 2002, operating in the Manufacturing 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 09 Jul 2026 from the latest processed filings. Vrn Ceramics 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
84/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
80/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 4 open (78.58 cr) · 3 satisfied (40.19 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc Bank Limited4 48.0 cr
State Bank Of India2 48.0 cr
Bank Of India1 48.0 cr
Compliance Score: 80/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 3 court forum(s).
  • 2 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
NARESHKUMAR VITTHALDAS PATEL 01234567 Director 01/04/2018 6 yrs Approved
KAMLESHBHAI HARSHADBHAI PATEL 01234567 Director 01/04/2018 6 yrs Approved
VINODKUMAR KARSHANBHAI PATEL 01234567 Director 01/04/2018 6 yrs Approved
  • 3 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 2017)
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 2021 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.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 55 · Distress 75
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
Net margin improved to 2.1x.
Operating for 23+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
4 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence80/100
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 assessment76/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 4 open charge(s) of 78.58 cr already registered.
  • Compliance record supports lending.
Investor view71/100
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
03 Jan 2020
Charge created
Hdfc Bank Limited - 5.44 cr
02 Dec 2019
Director ceased
VINODKUMAR KARSHANBHAI PATEL
31 May 2019
Director ceased
KAMLESHBHAI HARSHADBHAI PATEL
Director ceased
VITTHALBHAI JETHABHAI PATEL
17 Apr 2019
Director ceased
SHOBHA BHARTI
25 Sep 2014
Charge created
Hdfc Bank Limited - 6.00 cr
07 Jul 2014
Director ceased
RAMANLAL JIVRAJBHAI PATEL
01 Jun 2014
Director ceased
NARESHKUMAR VITTHALDAS PATEL
19 Mar 2010
Charge created
Hdfc Bank Limited - 27.94 cr
21 Oct 2009
Charge satisfied
State Bank Of India
30 Sep 2009
Charge created
Hdfc Bank Limited - 39.20 cr
29 Feb 2008
Director ceased
JAYANTIBHAI POPATBHAI PATEL
Director ceased
KAMLESHKUMAR VITTHALBHAI PATEL
10

Key Observations

Auto-generated from the data above
Revenue declined 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.
3 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2021 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Vijisan Exports Private Limited U36912MH2014PTC259373 Bandra East, Maharashtra, India
Wazid Jewellers Private Limited U27310TG2013PTC089621 Hyderabad, Telangana, India
Royal Glitz Jewel Industry Private Limited U36911TZ2011PTC016878 Coimbatore, Tamil Nadu, India
Sneha Packers Private Limited U25202KA2011PTC061669 Bangalore, Karnataka, India
Lalchand Mangaldas Soni Gems And Jewellers Private Limited U36911MH2010PTC207046 Aurnagabad, Maharashtra, India
Champion Ceramics Private Limited U14109CT1987PTC003788 C.G., Chattisgarh, India
Es U28112MH2012PTC232691 Navi Mumbai, Maharashtra, India
Mexim U13946MH1995PTC089925 Mumbai- 400 057., Maharashtra, India
12

Who Uses This Report

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

Verify Vrn Ceramics Limited before audits and certifications: compliance score 80/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Vrn Ceramics 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 55/100, margin trends, ownership structure and peer set for Vrn Ceramics Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 84/100, distress signals and MSME payment-delay disclosures - know whether Vrn Ceramics Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Vrn Ceramics Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Vrn Ceramics Limited an active company?

Vrn Ceramics Limited has MCA status “Active” with a compliance score of 80/100 (Low Risk).

Is Vrn Ceramics Limited financially healthy?

Vrn Ceramics Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Vrn Ceramics Limited?

Its overall Trust Score is 84/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Vrn Ceramics Limited?

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

Does Vrn Ceramics Limited have loans or charges against its assets?

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

Is Vrn Ceramics Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 80/100 (Low Risk).

Is it risky to lend to Vrn Ceramics 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.