Develecto Mining Limited - Due diligence report

A 360° intelligence report on Develecto Mining Limited: trust score, financial health, credit view, compliance, directors, growth and distre…

2018-03-16 Saltlake, West Bengal Active Unlisted
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Develecto Mining Limited — 360° Intelligence Report

Generated from MCA filings & public records
70/100
Trust Score
Moderate

Develecto Mining Limited is assessed as Moderate with a Trust Score of 70/100. Develecto Mining Limited is an active public limited indian non-government company incorporated in 2018, operating in the Metals and Minerals sector. Reported revenue has declined 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 low compliance risk and high financial risk profile.

Report generated on 22 Jul 2026 from the latest processed filings. Develecto Mining Limited snapshot & full profile →

Financial Health › Caution
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 ScoreModerate
70/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
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
20/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Consolidated · 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: 20/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).

Charges position: 2 open (150.00 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Yes Bank Limited1 48.0 cr
Others1 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 9 active GST registration(s).
05

Director Intelligence

Stability score: 75/100
NameDIN / PANDesignationAppointedTenureDIN status
SOMNATH CHAKRABORTY 01234567 Director 01/04/2018 6 yrs Approved
Anirudh Bhattacharya 01234567 Director 01/04/2018 6 yrs Approved
ASHOK KUMAR BISWAS 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • 4 director exits in 3 years - high churn.
06

Ownership & Group Intelligence

As per FY 2025 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
Sical Logistics Limited.
Subsidiaries
-
Group entities
-
Capital events
-

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

Group entityRelationship% held
Sical Logistics Limited. Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 75
Growth signals & trust indicators
Operating for 8 years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
2 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence84/100
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 assessment40/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 150.00 cr already registered.
  • Compliance record supports lending.
Investor view40/100
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 team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
12 Jan 2026
Director ceased
Jay Bhutoria
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
04 Dec 2024
Charge created
Others - 70.00 cr
19 Mar 2024
Charge created
Yes Bank Limited - 80.00 cr
30 Nov 2023
Director ceased
SOMNATH CHAKRABORTY
Director ceased
Anirudh Bhattacharya
04 Nov 2023
Director appointed
Anirudh Bhattacharya (Director)
27 Oct 2023
Director appointed
SOMNATH CHAKRABORTY (Director)
Director appointed
ASHOK KUMAR BISWAS (Director)
27 Sep 2023
Director ceased
RAKESH KUMAR
01 Jan 2022
Director ceased
AJIT PRASAD CHATTERJEE
31 Dec 2021
Director ceased
ADITYA NATH SINGH BAGHEL
12 Sep 2019
Director ceased
SUBRAMANIAN THIAGARAJAN
Director ceased
SHASHI KUMAR
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 2 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
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.
9 active GST registration(s) indicate ongoing business operations.
Promoters hold a dominant controlling stake as per the FY 2025 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Shapoorji Pallonji Oil And Gas ('Spogl') U11100MH2012PTC234446 Mumbai, Maharashtra, India
Pc Patel Mahalaxmi Simplex Consortium Private Limited U14290GJ2017PTC099829 Vadodara, Gujarat, India
Mecl U13100MH1972GOI016078 Nagpur, Maharashtra, India
Talabira (Odisha) Mining Limited U14200GJ2016PLC086246 Ahmedabad, Gujarat, India
Mahalaxmi P C Patel Consortium Private Limited U14290GJ2020PTC113630 Ahmedabad, Gujarat, India
Rajmahal Coal Mining Limited U10300WB2012PLC181325 Kolkata, West Bengal, India
Deep Industries L14292GJ2006PLC049371 Ahmedabad, Gujarat, India
Sesa Mining Corporation Limited U13209GA1969PLC000091 Panaji, Goa, India
12

Who Uses This Report

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

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

Company Secretaries (CS)

Track statutory health of Develecto Mining 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 20/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Develecto Mining Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 70/100, distress signals and MSME payment-delay disclosures - know whether Develecto Mining 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 Develecto Mining Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Develecto Mining Limited an active company?

Develecto Mining Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Develecto Mining Limited financially healthy?

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

Should I do business with Develecto Mining Limited?

Its overall Trust Score is 70/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Develecto Mining Limited?

The ultimate holding entity is Sical Logistics Limited.. 3 active director(s) are on record.

Does Develecto Mining Limited have loans or charges against its assets?

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

Is Develecto Mining Limited up to date with its ROC filings?

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

Is it risky to lend to Develecto Mining Limited?

Its Credit Risk Score is 20/100 (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.