Dev Spinners Limited - Due diligence report

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

1994-10-11 Chandigarh, Chandigarh Active Unlisted Active Non-Compliant
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Dev Spinners Limited — 360° Intelligence Report

Generated from MCA filings & public records
64/100
Trust Score
Moderate

Dev Spinners Limited is assessed as Moderate with a Trust Score of 64/100. Dev Spinners Limited is an active public limited indian non-government company incorporated in 1994, operating in the Manufacturing sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and high financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Dev Spinners Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Good
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 ScoreModerate
64/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
73/100
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
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
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: 40/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.

Charges position: 5 open (10.95 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Corporation Bank3 48.0 cr
Ifci Limited1 48.0 cr
Corportion Bank1 48.0 cr
Compliance Score: 73/100 Moderate
  • Company status is Active as per MCA.
  • Marked ACTIVE non-compliant (INC-22A).
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SANJAY KRISHNA AHUJA 01234567 Director 01/04/2018 6 yrs Approved
SUNIL KUMAR KANSIL 01234567 Director 01/04/2018 6 yrs Approved
RAJESH KUMAR KANSIL 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.
06

Ownership & Group Intelligence

As per FY 2018 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.

Key managerial personnel: SUNIL KUMAR KANSIL (Managing Director) · RAJESH KUMAR KANSIL (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 55
Growth signals & trust indicators
Steady revenue growth: +38% over 4 year(s).
Operating for 31+ years.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Negative net worth.
5 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 diligence65/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment42/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 5 open charge(s) of 10.95 cr already registered.
  • Compliance record supports lending.
Investor view47/100
Mixed 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 12 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
31 Dec 2021
Director ceased
SURESH KUMAR SINGLA
24 Jan 2003
Director appointed
SANJAY KRISHNA AHUJA (Nominee Director)
20 Dec 2000
Charge created
Corporation Bank - 4.65 cr
01 Jan 1999
Charge created
Corporation Bank - 50.00 Lakh
Charge created
Corportion Bank - 50.00 Lakh
13 Jun 1998
Charge created
Corporation Bank - 2.00 cr
01 Aug 1997
Charge created
Ifci Limited - 3.30 cr
11 Oct 1994
Incorporated
Registered with Roc Chandigarh
Director appointed
SUNIL KUMAR KANSIL (Managing Director)
Director appointed
RAJESH KUMAR KANSIL (Whole-time director)
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2018 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Universal Die Casters Pvt.Ltd, U27105UP1986PTC007976 J-12/35A,Nati Imli Varanasi, Uttar Pradesh, India
Anbhav Syntex Private Limited U17110MH1988PTC048300 Mumbai, Maharashtra, India
Sadhana Spinners Limited U17111TZ1991PLC003273 Tirupur, Tamil Nadu, India
Alazne Hygienics Private Limited U17301WB2018PTC226534 Kolkata, West Bengal, India
Ncd Fashion And Lifestyle Private Limited U17309KA2018PTC110177 Bnagalore, Karnataka, India
Midgape Apparels Private Limited U17291MH2007PTC168163 Mumbai, Maharashtra, India
Eco-Cotton Global Private Limited U17121KA2011PTC057948 Bangalore, Karnataka, India
Mudit Finishing Private Limited U17118RJ2002PTC017373 Balotra, Rajasthan, India
12

Who Uses This Report

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

Verify Dev Spinners Limited before audits and certifications: compliance score 73/100, 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 Spinners 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 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 60/100, margin trends, ownership structure and peer set for Dev Spinners Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 64/100, distress signals and MSME payment-delay disclosures - know whether Dev Spinners Limited 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 Dev Spinners Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Dev Spinners Limited an active company?

Dev Spinners Limited has MCA status “Active” with a compliance score of 73/100 (Moderate).

Is Dev Spinners Limited financially healthy?

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

Should I do business with Dev Spinners Limited?

Its overall Trust Score is 64/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Dev Spinners Limited?

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

Does Dev Spinners Limited have loans or charges against its assets?

5 open charge(s) are registered against its assets.

Is Dev Spinners Limited up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 73/100 (Moderate).

Is it risky to lend to Dev Spinners Limited?

Its Credit Risk Score is 40/100 (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.