Dev Cotex Private Limited - Due diligence report

A 360° intelligence report on Dev Cotex Private Limited: trust score, financial health, credit view, compliance, directors, growth and distr…

2010-04-19 Gondal, Gujarat Dissolved (Liquidated) Unlisted Active Non-Compliant
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Dev Cotex Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
32/100
Trust Score
Caution Indicated

Dev Cotex Private Limited is assessed as Caution Indicated with a Trust Score of 32/100. Dev Cotex Private Limited is a private limited indian non-government company incorporated in 2010, operating in the Financial Services sector. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.

Report generated on 07 Oct 2026 from the latest processed filings. Dev Cotex Private Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Weak
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 ScoreCaution Indicated
32/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
20/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
25/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
25/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 3 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: 25/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Externally credit-rated (D).

Charges position: 1 open (27.54 cr) · 1 satisfied (80.00 Lakh).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India2 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Dissolved (Liquidated)" - not Active.
  • Marked ACTIVE non-compliant (INC-22A).
  • Last balance sheet is for Mar 2015 - filings overdue.
  • Flagged by authority: NCLT, BANKS.
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
CHIRAG BHARATKUMAR SELANI 01234567 Director 01/04/2018 6 yrs Approved
BHARATKUMAR VRAJLAL SELANI 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • CHIRAG BHARATKUMAR SELANI 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
2 allotment(s) · 0 transfer(s)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 50 · Distress 25
Growth signals & trust indicators
Operating for 16+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Statutory filings appear overdue.
Adverse company status: Dissolved (Liquidated).
Compliance score is weak (5/100).
1 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence19/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 4 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment18/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 27.54 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view35/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 13 events
30 Sep 2015
Last AGM held
Annual general meeting
12 Aug 2015
Securities allotted
2700000 Equity Shares Without Differential Rights - 2.70 cr raised
22 Jul 2015
Charge satisfied
State Bank Of India
31 Mar 2015
Latest balance sheet
Filed with ROC
22 Jul 2014
Director ceased
DHIRAJLAL VRAJLAL SELANI
Director ceased
BINABEN ANILKUMAR SELANI
15 Jul 2014
Director appointed
CHIRAG BHARATKUMAR SELANI (Director)
Director appointed
BHARATKUMAR VRAJLAL SELANI (Director)
29 Mar 2014
Director ceased
ANILBHAI DHIRAJLAL SELANI
23 Mar 2012
Securities allotted
290000 Equity Shares Without Differential Rights - 29.00 Lakh raised
18 Feb 2012
Charge created
State Bank Of India - 80.00 Lakh
05 Feb 2011
Charge created
State Bank Of India - 27.54 cr
19 Apr 2010
Incorporated
Registered with Roc Ahmedabad
10

Key Observations

Auto-generated from the data above
Debt-to-equity stands at 2.1x - leverage worth monitoring.
Net worth is positive.
2 active director(s) / partner(s); review board churn before relying on management continuity.
Carries an external credit rating of D from Care.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Vimal Bearings Private Limited U28140GJ2023PTC145426 Rajkot, Gujarat
Innovell Technocast Private Limited U24320GJ2023PTC143019 Rajkot, Gujarat
SHIVANSH AGRI EXPORT LLP AAY-1908 Rajkot, Gujarat
Chronix Engineering Private Limited U28220GJ2024PTC148732 Rajkot, Gujarat
DHYEY FERROCAST LLP AAY-3642 Rajkot, Gujarat
Tanna Brokers Private Limited U67120GJ2005PTC045885 Rajkot, Gujarat
ORCHARD PALACE HGH HOTELS LLP ABA-1637 Rajkot, Gujarat
Tirth Agro Machinery Private Limited U29309GJ2017PTC096402 Rajkot, Gujarat
Real Mf Services Private Limited U65991GJ2006PTC048182 Rajkot, Gujarat
MAHENDRA ALLOY CAST LLP ACC-2438 Rajkot, Gujarat
12

Who Uses This Report

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

Verify Dev Cotex Private 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 Dev Cotex Private 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 25/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 50/100, margin trends, ownership structure and peer set for Dev Cotex Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 32/100, distress signals and MSME payment-delay disclosures - know whether Dev Cotex Private Limited 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 Dev Cotex Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Dev Cotex Private Limited an active company?

Dev Cotex Private Limited has MCA status “Dissolved (Liquidated)” with a compliance score of 5/100 (Caution Indicated).

Is Dev Cotex Private Limited financially healthy?

Dev Cotex Private Limited has a Financial Health Score of 20/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Dev Cotex Private Limited?

Its overall Trust Score is 32/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Dev Cotex Private Limited?

See the directors and ownership sections above for board and shareholding detail. 2 active director(s) are on record.

Does Dev Cotex Private Limited have loans or charges against its assets?

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

Is Dev Cotex Private 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 Dev Cotex Private Limited?

Its Credit Risk Score is 25/100 (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.