Devgan Solvex Pvt Ltd
About Devgan Solvex Pvt Ltd
Data last updated:
Devgan Solvex Pvt Ltd is a private limited company based in Amritsar, Punjab, India. It operates in the solvent and oil extraction tech segment of the chemicals and materials sector. It was incorporated on 29 March 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U15311PB1988PTC008190. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹98.69 Lakh. It is led by directors Yogesh Devgan and Naresh Kumar Devgan.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Sangrana Sahib Tarn Taran Road, Amritsar, Punjab, India – 143001.
As per the financials filed for FY 2018, the company reported a revenue of ₹28.14 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net loss of ₹1.08 Cr (net margin -3.8%) and EBITDA of -₹11.87 Lakh (EBITDA margin -0.4%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years.
As per MCA filings, the company has open charges of ₹25.9 Cr and satisfied charges of ₹3 Cr on record. Court records list 13 cases involving the company, including 7 filed by the company and 6 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Devgan Solvex Pvt Ltd's registered office is in Amritsar, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSangrana Sahib Tarn Taran Road, Amritsar, Punjab, India – 143001
- IndustryChemicals and Materials, Solvent & Oil Extraction Tech
To see the full contact details of Devgan Solvex 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 Devgan Solvex is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Devgan Solvex Pvt Ltd, buy the company report.
Financials of Devgan Solvex Pvt Ltd
FY 2018 filings availableDevgan Solvex Pvt Ltd reported revenue of ₹28.14 Cr (down 45% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 45% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA fell 107% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹28.14 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹11.87 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.08 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -0.4% | |||
| Net Profit Margin | -3.8% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Devgan Solvex Pvt Ltd, buy the company report.
Board of directors of Devgan Solvex Pvt Ltd
Devgan Solvex has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogesh Devgan | Additional Director | 29 Dec 2017 | 8 Years 10 Months | Current |
| Naresh Kumar Devgan | Additional Director | 30 Nov 2017 | 8 Years 11 Months | Current |
Auditor
Devgan Solvex Pvt Ltd is audited by DEEPAK NAVDEEP & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DEEPAK NAVDEEP & ASSOCIATES | FY 2018 | 023199N |
Shareholding
The shareholding of Devgan Solvex Pvt Ltd is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Devgan Solvex Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Dec 2014 | 10548567 | Union Bank of India | ₹10 Lakh | Open | |
| 13 Aug 2014 | 10520016 | Union Bank of India | ₹19.5 Cr | Open | |
| 28 Dec 2012 | 10401772 | Union Bank of India | ₹5.9 Cr | Open | |
| 26 Jan 1995 | 90177553 | Union Bank of India | ₹40 Lakh | Open | |
| 10 Sep 2003 | 90178464 | State Bank of Patiala | ₹3 Cr | Satisfied |
To see the full charge records of Devgan Solvex Pvt Ltd, buy the company report.
Total charge records: 5 View all charges
Legal cases
Devgan Solvex Pvt Ltd has 13 court cases on record: 7 filed by Devgan Solvex, 6 filed against it. 7 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 4 | 5 |
| High courts | 2 | 1 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Amritsar, Punjab | Civil miscellaneous application | Filed by the company against S.V. Agro Foods Pvt. Ltd. | Pending |
| District court, Amritsar, Punjab | Court case (COMI) | Filed by the company against M/S SV Agro Foods Pvt Limited and 6 others | Pending |
| High Court, PUNJAB | Criminal miscellaneous application | Filed by the company against S.V. Agro Foods Pvt Ltd | Pending |
| District court, Amritsar, Punjab | Cheque dishonour complaint | Filed against the company by M/S S V Agro Foods Pvt Limited | Pending |
| District court, Amritsar, Punjab | Court case (INDIG) | Filed by the company against S V Agro Foods Pvt Limited and 1 other | Disposed |
To see the full case history of Devgan Solvex 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 Devgan Solvex Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Devgan Solvex has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Devgan Solvex Pvt Ltd, buy the company report.
Recent activity
Devgan Solvex Pvt Ltd has 9 board changes on record since 2014: 2 appointments and 7 cessations. The latest: Neena Devgan ceased to be Director on 29 Dec 2017.
8 earlier events are in the company report.
Frequently asked questions
Devgan Solvex is an active private limited company based in Amritsar, Punjab, India. The company works in solvent and oil extraction tech, within the chemicals and materials industry. It was incorporated on 29 March 1988 (38+ years old) and is registered under CIN U15311PB1988PTC008190.
Devgan Solvex has 2 current directors:
- Yogesh Devgan - Additional Director
- Naresh Kumar Devgan - Additional Director
The latest financial statements of Devgan Solvex on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Devgan Solvex has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Devgan Solvex is U15311PB1988PTC008190. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devgan Solvex has 13 court cases on record: 7 filed by the company and 6 filed against it. 7 are pending. Most are in the district courts.
Devgan Solvex was incorporated on 29 March 1988, making it 38+ years old. It is registered with the Registrar of Companies, Chandigarh.
Neena Devgan ceased to be Director on 29 Dec 2017. Yogesh Devgan was appointed as Additional Director on 29 Dec 2017. Naresh Kumar Devgan was appointed as Additional Director on 30 Nov 2017. Devgan Solvex has 9 board changes on record in total.
The registered office of Devgan Solvex is at Sangrana Sahib Tarn Taran Road, Amritsar, Punjab, India – 143001.
Devgan Solvex operates in the chemicals and materials industry, in the solvent and oil extraction tech segment.
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