Zenith Strips Limited - Due diligence report

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

2009-03-09 Mumbai, Maharashtra Under Process Of Striking Off Unlisted Active Non-Compliant
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ZS Zenith Strips Limited

Zenith Strips Limited — 360° Intelligence Report

Generated from MCA filings & public records
52/100
Trust Score
Moderate

Zenith Strips Limited is assessed as Moderate with a Trust Score of 52/100. Zenith Strips Limited is a public limited indian non-government company incorporated in 2009, 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 high compliance risk and low financial risk profile.

Report generated on 13 Jun 2026 from the latest processed filings. Zenith Strips Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Caution

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 ScoreModerate
52/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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: 35/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 2 open (10.35 cr) · 2 satisfied (5.10 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Indian Overseas Bank1 48.0 cr
Punjab National Bank2 48.0 cr
Others1 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Under Process Of Striking Off" - not Active.
  • Marked ACTIVE non-compliant (INC-22A).
  • Last balance sheet is for Mar 2015 - filings overdue.
  • Flagged by authority: BANKS.
  • Litigation present in 3 court forum(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
DUHITA SHASHANK LAUD 01234567 Director 01/04/2018 6 yrs Approved
RAJESH FOJAJI KARWASARA 01234567 Director 01/04/2018 6 yrs Approved
ARJUN KARWASARA 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • DUHITA SHASHANK LAUD has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2015 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
3 allotment(s) · 0 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 95 · Distress 55
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Net margin improved to 61%.
Operating for 17+ years.
Distress signals & risk flags
Statutory filings appear overdue.
Adverse company status: Under Process Of Striking Off.
Compliance score is weak (5/100).
2 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 diligence34/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment41/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 10.35 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view79/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
21 Jul 2018
Director ceased
DUHITA SHASHANK LAUD
21 Mar 2016
Charge created
Others - 1.35 cr
01 Feb 2016
Director ceased
DEEPAK SHANKAR YESHWANTE
29 Sep 2015
Last AGM held
Annual general meeting
31 Mar 2015
Latest balance sheet
Filed with ROC
08 Dec 2014
Charge satisfied
Punjab National Bank
28 Nov 2014
Charge satisfied
Punjab National Bank
11 Nov 2014
Charge created
Indian Overseas Bank - 9.00 cr
15 Mar 2014
Director ceased
ROOPARAM LALSINGH TAK
Director ceased
VIJAYKUMAR TIWARI SIYAMANI
01 Mar 2014
Director appointed
DUHITA SHASHANK LAUD (Director)
01 Jan 2014
Director ceased
ATUL INDRAKUMAR BORA
19 Jul 2013
Securities allotted
1044000 Equity Shares Without Differential Rights - 1.04 cr raised
20 May 2013
Securities allotted
1000000 Equity Shares Without Differential Rights - 1.00 cr raised
15 Mar 2012
Charge created
Punjab National Bank - 10.00 Lakh
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - leverage worth monitoring.
Net worth is positive.
3 active director(s) / partner(s); review board churn before relying on management continuity.
Promoters hold a dominant controlling stake as per the FY 2015 annual return.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Royal Manufacturing & Technologies Private Limited U25194BR2012PTC018374 Gaya, Bihar, India
Venna Pipes And Fittings Private Limited U25199PN2009PTC135148 Wai, Maharashtra, India
Ancient Concrete Products Private Limited U36912MH2005PTC153678 Mumbai, Maharashtra, India
Jct Electronics Ltd. L32109PB1976PLC003680 Punjab, Punjab, India
Mahajagdamba Tubes Private Limited U29253UP1996PTC020895 Kanpur, Uttar Pradesh, India
Samshi Pipe Industries Limited U27106GJ2003PLC043298 Vadodara, Gujarat, India
Navistar Corporation Private Limited U28112DL2013PTC253752 New Delhi, Delhi, India
Mehta Intertrade Steels Private Limited U27100MH2007PTC169727 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Zenith Strips Limited before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Zenith Strips 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: Enhanced diligence advised. Credit risk score 35/100, 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 Zenith Strips Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 52/100, distress signals and MSME payment-delay disclosures - know whether Zenith Strips 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 Zenith Strips Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Zenith Strips Limited an active company?

Zenith Strips Limited has MCA status “Under Process Of Striking Off” with a compliance score of 5/100 (Caution Indicated).

Is Zenith Strips Limited financially healthy?

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

Should I do business with Zenith Strips Limited?

Its overall Trust Score is 52/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Zenith Strips Limited?

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

Does Zenith Strips Limited have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Zenith Strips Limited up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Zenith Strips Limited?

Its Credit Risk Score is 35/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

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.