Devendran Plastic Private Limited - Due diligence report

A 360° intelligence report on Devplast: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…

2011-02-08 Coimbatore, Tamil Nadu Active Unlisted Active Compliant
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Devplast — 360° Intelligence Report

Generated from MCA filings & public records
77/100
Trust Score
Low Risk

Devplast is assessed as Low Risk with a Trust Score of 77/100. Devplast is an active private limited indian non-government company incorporated in 2011, operating in the Packaging 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 low compliance risk and high financial risk profile.

Report generated on 09 Jul 2026 from the latest processed filings. Devendran Plastic Private Limited snapshot & full profile →

Financial Health › Neutral
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
77/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
88/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
45/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
25/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
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: 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 (B+).

Charges position: 6 open (53.08 cr) · 7 satisfied (29.70 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Tamilnad Mercantile Bank Limited10 48.0 cr
State Bank Of India2 48.0 cr
Indusind Bank Ltd1 48.0 cr
Compliance Score: 88/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
JAYALAKSHMI MEIYAPPAN 01234567 Director 01/04/2018 6 yrs Approved
RAJESH KUMAR RATHNAMALA 01234567 Director 01/04/2018 6 yrs Approved
AKILESH KUMAR RAJESH KUMAR 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2023 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
7 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 70 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Operating for 15+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
6 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence81/100
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 assessment47/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 6 open charge(s) of 53.08 cr already registered.
  • Compliance record supports lending.
Investor view63/100
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 15 events
10 Sep 2025
Director ceased
DEVENDRAN KALAISELVI
05 Dec 2024
Last AGM held
Annual general meeting
26 Jun 2024
Charge satisfied
Tamilnad Mercantile Bank Limited
31 Mar 2024
Latest balance sheet
Filed with ROC
16 Oct 2023
Director appointed
JAYALAKSHMI MEIYAPPAN (Company Secretary)
30 Nov 2022
Charge created
Tamilnad Mercantile Bank Limited - 7.00 cr
08 Jun 2022
Securities allotted
1000000 Preference Shares - 1.00 cr raised
27 Sep 2021
Charge satisfied
Tamilnad Mercantile Bank Limited
31 Mar 2021
Charge satisfied
Tamilnad Mercantile Bank Limited
17 Feb 2021
Charge satisfied
Indusind Bank Ltd
24 Sep 2020
Charge created
Tamilnad Mercantile Bank Limited - 1.03 cr
22 Aug 2019
Charge created
Tamilnad Mercantile Bank Limited - 82.00 Lakh
31 Jul 2018
Charge created
Tamilnad Mercantile Bank Limited - 47.00 Lakh
09 Nov 2017
Charge created
Tamilnad Mercantile Bank Limited - 5.43 cr
27 Oct 2017
Charge created
Tamilnad Mercantile Bank Limited - 1.36 cr
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - 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.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of B+ from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Capital has been raised through 7 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Maapolypacks U25209MP2015PTC033730 Rewa, Madhya Pradesh, India
Svp Packing Industry Private Limited U25206MH2000PTC125361 Mumbai, Maharashtra, India
Sumo Polyplast Private Limited U25200GJ1999PTC035928 Lodhika, Gujarat, India
Omega Plasto Limited U25200GJ2010PLC060432 Vadodara, Gujarat, India
Jindal Polybuttons U36100HR1992PTC031543 Haryana, Haryana, India
Woco Tech Polymere Kandla Limited U25191GJ2004PLC044604 Kutch, Gujarat, India
Fine Tools (India) Private Limited U25209KA2006PTC039835 Bangalore, Karnataka, India
Glowstone Industries Private Limited U14200RJ2014PTC045713 Bhilwara, Rajasthan, India
12

Who Uses This Report

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

Verify Devplast before audits and certifications: compliance score 88/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Devplast: 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: Mixed indicators - deeper appraisal suggested. Credit risk score 25/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 70/100, margin trends, ownership structure and peer set for Devplast - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 77/100, distress signals and MSME payment-delay disclosures - know whether Devplast 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 Devplast - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Devplast an active company?

Devplast has MCA status “Active” with a compliance score of 88/100 (Low Risk).

Is Devplast financially healthy?

Devplast has a Financial Health Score of 45/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Devplast?

Its overall Trust Score is 77/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Devplast?

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

Does Devplast have loans or charges against its assets?

6 open charge(s) are registered against its assets, and 7 earlier charge(s) stand satisfied.

Is Devplast up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 88/100 (Low Risk).

Is it risky to lend to Devplast?

Its Credit Risk Score is 25/100 (Caution Indicated). Banker verdict: Mixed indicators - deeper appraisal suggested.

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.