Development Electric Company Pvt Ltd
About Development Electric Company Pvt Ltd
Data last updated:
Development Electric Company Pvt Ltd is a private limited company based in Howrah, West Bengal, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 01 July 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U65921WB1988PTC044715. Its GSTIN is 19AAACD8685K1Z0 (West Bengal).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹29.64 Lakh. It is led by directors Pradip Kumar Sonthalia and Ramniranjan Sonthalia.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 77/6/3 Benaras Road, Howrah, West Bengal, India – 711101.
As per the financials filed for FY 2020, the company reported a revenue of ₹13.34 Lakh, a growth of 73% compared to the previous year. For the same year it recorded a net loss of ₹3.23 Lakh (net margin -24.2%) and EBITDA of ₹7.91 Lakh (EBITDA margin 59.3%). Revenue has declined at a compounded annual rate (CAGR) of 11% over five years.
As per MCA filings, the company has open charges of ₹22.5 Lakh and satisfied charges of ₹1.83 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Development Electric Company Pvt Ltd's registered office is in Howrah, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address77/6/3 Benaras Road, Howrah, West Bengal, India – 711101
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Development Electric Company Pvt Ltd, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Development Electric Company is support service to organizations. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Development Electric Company Pvt Ltd, buy the company report.
Financials of Development Electric Company Pvt Ltd
FY 2020 filings availableDevelopment Electric Company Pvt Ltd reported revenue of ₹13.34 Lakh (up 73% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 73% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 11%. EBITDA rose 467% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹13.34 Lakh | ||||
| Other Income | |||||
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| Total Expenses | |||||
| EBITDA | ₹7.91 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.23 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 59.3% | ||||
| Net Profit Margin | -24.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Development Electric Company Pvt Ltd, buy the company report.
Board of directors of Development Electric Company Pvt Ltd
Development Electric Company has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradip Kumar Sonthalia | Director | 01 Jul 1988 | 38 Years 4 Months | Current |
| Ramniranjan Sonthalia | Director | 01 Jul 1988 | 38 Years 4 Months | Current |
Auditor
Development Electric Company Pvt Ltd is audited by SINGH AMAR & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SINGH AMAR & CO | FY 2020 | 323128E |
Shareholding
The shareholding of Development Electric Company Pvt Ltd is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Development Electric Company Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Dec 2013 | 10489124 | Uco Bank | ₹22.5 Lakh | Open | |
| 17 Mar 2008 | 10097869 | Uco Bank | ₹41 Lakh | Satisfied | |
| 20 Jan 2007 | 10034866 | Uco Bank | ₹90 Lakh | Satisfied | |
| 05 Feb 2003 | 90254181 | Bharat Overseas Bank Ltd | ₹52 Lakh | Satisfied |
To see the full charge records of Development Electric Company Pvt Ltd, buy the company report.
Total charge records: 4 View all charges
Legal cases
Development Electric Company Pvt Ltd has 1 court case on record: 1 filed by Development Electric Company. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Howrah, West Bengal | Interim or miscellaneous application | Filed by the company against an individual | Pending |
To see the full case history of Development Electric Company Pvt Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Development Electric Company Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Development Electric Company has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACD8685K1Z0 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Development Electric Company Pvt Ltd, buy the company report.
Recent activity
Development Electric Company Pvt Ltd has 2 board changes on record since 1988: 2 appointments. The latest: Pradip Kumar Sonthalia was appointed as Director on 01 Jul 1988.
1 earlier event is in the company report.
Frequently asked questions
Development Electric Company is an active private limited company based in Howrah, West Bengal, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 01 July 1988 (38+ years old) and is registered under CIN U65921WB1988PTC044715.
Development Electric Company has 2 current directors:
- Pradip Kumar Sonthalia - Director
- Ramniranjan Sonthalia - Director
The latest financial statements of Development Electric Company on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Development Electric Company is 19AAACD8685K1Z0, registered in West Bengal.
The CIN (Corporate Identification Number) of Development Electric Company is U65921WB1988PTC044715. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Development Electric Company has 1 court case on record: 1 filed by the company. 1 is pending.
Development Electric Company was incorporated on 01 July 1988, making it 38+ years old. It is registered with the Registrar of Companies, Kolkata.
Pradip Kumar Sonthalia was appointed as Director on 01 Jul 1988. Ramniranjan Sonthalia was appointed as Director on 01 Jul 1988.
The registered office of Development Electric Company is at 7763 Benaras Road, Howrah, West Bengal, India – 711101.
Development Electric Company operates in the fashion and textile industry, in the fashion retail segment.
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