Devkinandan Paper Mills Private Limited - Due diligence report

A 360° intelligence report on Devkinandan Paper Mills Private Limited: trust score, financial health, credit view, compliance, directors, gr…

2001-12-07 Morbi, Gujarat Active Unlisted Active Compliant
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Devkinandan Paper Mills Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
69/100
Trust Score
Moderate

Devkinandan Paper Mills Private Limited is assessed as Moderate with a Trust Score of 69/100. Devkinandan Paper Mills Private Limited is an active private limited indian non-government company incorporated in 2001, 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 12 Aug 2026 from the latest processed filings. Devkinandan Paper Mills Private Limited snapshot & full profile →

Financial Health › Weak
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
69/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
81/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
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
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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
  • Negative operating earnings - debt service depends on external support.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 38%).
  • Working-capital cover adequate.

Charges position: 4 open (26.62 cr) · 8 satisfied (26.95 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others4 48.0 cr
Kotak Mahindra Bank2 48.0 cr
Bank Of Baroda1 48.0 cr
Small Industries Devlopment Bank Of India1 48.0 cr
State Bank Of Saurashtra3 48.0 cr
Hdfc Bank Limited1 48.0 cr
Compliance Score: 81/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • 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
VIVEK RASIKLAL GOTHI 01234567 Director 01/04/2018 6 yrs Approved
RASIKLAL VALJIBHAI PATEL 01234567 Director 01/04/2018 6 yrs Approved
JASHWANT VALJIBHAI PATEL 01234567 Director 01/04/2018 6 yrs Approved
DIVYANG JASHWANT PATEL 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

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
2 allotment(s) · 3 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 40 · Distress 60
Growth signals & trust indicators
Operating for 24+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
4 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 diligence71/100
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 assessment40/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 4 open charge(s) of 26.62 cr already registered.
  • Compliance record supports lending.
Investor view44/100
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
30 Sep 2024
Last AGM held
Annual general meeting
03 Sep 2024
Charge created
Others - 6.00 cr
31 Mar 2024
Latest balance sheet
Filed with ROC
29 Jul 2020
Charge created
Others - 1.27 cr
31 Mar 2017
Share transfer (FY 2017)
14375.00000000 shares to SHYAMAL RAJNIKANTBHAI
Share transfer (FY 2017)
14375.00000000 shares to SHYAMLAL SANDIP
04 Apr 2016
Charge satisfied
Bank Of Baroda
31 Mar 2016
Share transfer (FY 2016)
7600.00000000 shares to R. Vivek
23 Mar 2016
Charge created
Others - 13.36 cr
08 Dec 2014
Charge satisfied
State Bank Of Saurashtra
01 Jan 2014
Director ceased
RAJNIKANT SHYAMLAL PATEL
Director ceased
JAYNTILAL KAVADIYA
11 Oct 2013
Charge satisfied
Hdfc Bank Limited
20 Sep 2013
Charge satisfied
Kotak Mahindra Bank
12 Sep 2012
Securities allotted
750000 Equity Shares Without Differential Rights - 1.50 cr raised
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
4 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Afc System Private Limited U36109UP2022PTC167107 Noida, Uttar Pradesh, India
Pricol Durapack Private Limited U02102TZ1999PTC008898 Coimbatore, Tamil Nadu, India
S N Doors India Private Limited U20219UP1996PTC019764 Shahjahanpur, Uttar Pradesh, India
Gayatri Doors Private Limited U20100TG2017PTC115841 Tirumalagiri, Telangana, India
Geometric Steels Roll Forming Private Limited U28910PN2012PTC143988 Pune, Maharashtra, India
R N G Packagings Private Limited U74899DL1986PTC024515 Delhi, Delhi, India
Ishan Papers Pvt Ltd U08100UP2001PTC087905 Ghaziabad, Uttar Pradesh, India
Kalpana Furniture Products Private Limited U36931TN2001PTC046999 Chennai, Tamil Nadu, India
12

Who Uses This Report

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

Verify Devkinandan Paper Mills Private Limited before audits and certifications: compliance score 81/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Devkinandan Paper Mills 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 40/100, margin trends, ownership structure and peer set for Devkinandan Paper Mills Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 69/100, distress signals and MSME payment-delay disclosures - know whether Devkinandan Paper Mills Private 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 Devkinandan Paper Mills Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Devkinandan Paper Mills Private Limited an active company?

Devkinandan Paper Mills Private Limited has MCA status “Active” with a compliance score of 81/100 (Low Risk).

Is Devkinandan Paper Mills Private Limited financially healthy?

Devkinandan Paper Mills Private Limited has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Devkinandan Paper Mills Private Limited?

Its overall Trust Score is 69/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Devkinandan Paper Mills Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 4 active director(s) are on record.

Does Devkinandan Paper Mills Private Limited have loans or charges against its assets?

4 open charge(s) are registered against its assets, and 8 earlier charge(s) stand satisfied.

Is Devkinandan Paper Mills Private Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 81/100 (Low Risk).

Is it risky to lend to Devkinandan Paper Mills 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.