Devi Knitting Limited - Due diligence report

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

1997-07-09 Mumbai, Maharashtra Active Unlisted Active Compliant
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Devi Knitting Limited — 360° Intelligence Report

Generated from MCA filings & public records
71/100
Trust Score
Moderate

Devi Knitting Limited is assessed as Moderate with a Trust Score of 71/100. Devi Knitting Limited is an active public limited indian non-government company incorporated in 1997, operating in the Manufacturing 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 24 Sep 2026 from the latest processed filings. Devi Knitting 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
71/100
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
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
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: 45/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Working-capital cover adequate.

Charges position: 2 open (3.00 cr) · 4 satisfied (6.05 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Asset Reconstruction Company (India) Limited4 48.0 cr
The Saraswat Co- Operative Bank Ltd.2 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
ANISH DINESH SHAH 01234567 Director 01/04/2018 6 yrs Approved
SHIVAM SHARMA 01234567 Director 01/04/2018 6 yrs Approved
DARSHANA ASHIK SHAH 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 2019 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 dominant controlling stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 55
Growth signals & trust indicators
Operating for 29+ years.
Distress signals & risk flags
Losses deepening year-on-year.
Negative net worth.
2 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence78/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment51/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 3.00 cr already registered.
  • Compliance record supports lending.
Investor view41/100
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 14 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
02 Dec 2019
Director ceased
ASHIK RAMESHCHANDRA SHAH
01 Dec 2019
Director appointed
SHIVAM SHARMA (Additional Director)
08 Sep 2011
Charge satisfied
Asset Reconstruction Company (India) Limited
28 Sep 2001
Charge created
Asset Reconstruction Company (India) Limited - 55.00 Lakh
15 Sep 2000
Charge created
Asset Reconstruction Company (India) Limited - 1.00 cr
18 Jan 2000
Charge created
Asset Reconstruction Company (India) Limited - 3.50 cr
15 Jan 2000
Charge created
Asset Reconstruction Company (India) Limited - 1.00 cr
13 Oct 1997
Charge created
The Saraswat Co- Operative Bank Ltd. - 50.00 Lakh
26 Aug 1997
Charge created
The Saraswat Co- Operative Bank Ltd. - 2.50 cr
09 Jul 1997
Incorporated
Registered with Roc Mumbai I
Director appointed
ANISH DINESH SHAH (Director)
Director appointed
DARSHANA ASHIK SHAH (Director)
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
Promoters hold a dominant controlling stake as per the FY 2019 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Tiarkay Silk Traders Private Limited U01711DL1992PTC280028 Delhi, Delhi, India
Ratul Tex Private Limited U17110MH1995PTC087994 Mumbai, Maharashtra, India
Shri Harinath Industries Private Limited U01100RJ2021PTC075490 Jhunjhunu, Rajasthan, India
Vami Udyog Pvt. Ltd. U17120GJ1987PTC009438 Ahmedabad, Gujarat, India
Friends Wellness Private Limited U18101DL2005PTC135957 New Delhi, Delhi, India
Madhav Ginning And Pressing Private Limited U17111GJ2005PTC046153 Jasdan, Gujarat, India
Dharti Cotton Private Limited U17111GJ2009PTC057242 Jasdan, Gujarat, India
Sarvouttam Textile Mills Private Limited U17110GJ1981PTC004575 Satlasna, Gujarat, India
12

Who Uses This Report

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

Verify Devi Knitting 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 Devi Knitting 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: Mixed indicators - deeper appraisal suggested. Credit risk score 45/100, 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 Devi Knitting Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 71/100, distress signals and MSME payment-delay disclosures - know whether Devi Knitting 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 Devi Knitting Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Devi Knitting Limited an active company?

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

Is Devi Knitting Limited financially healthy?

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

Should I do business with Devi Knitting Limited?

Its overall Trust Score is 71/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Devi Knitting Limited?

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

Does Devi Knitting Limited have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 4 earlier charge(s) stand satisfied.

Is Devi Knitting 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 Devi Knitting Limited?

Its Credit Risk Score is 45/100 (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.