Divine Chemtec Limited
About Divine Chemtec Limited
Data last updated:
Divine Chemtec Limited is a public limited company based in Visakhapatnam, Andhra Pradesh, India, a subsidiary of Maxnew Trading Pte Limited. It operates in the biofuel and biomass energy segment of the environmental services sector. It was incorporated on 15 February 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U74140AP2006PLC049161. Its GSTIN is 37AACCC7607G2ZP (Andhra Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹112 Cr and a paid-up capital of ₹57.77 Cr. It was formerly known as Cleancities Biodiesel India Limited and Nandancleantec Industries Limited. It is led by directors including Srinivas Prasad Moturi (Managing Director) and Moturi Sunitha.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Plots H K & L Phase – II Special Economic Zone Vsez Duvvada, Visakhapatnam, Andhra Pradesh, India – 530049.
As per the financials filed for FY 2015, the company reported a revenue of ₹18.06 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹8.16 Cr and EBITDA of -₹1.97 Cr. Revenue has declined at a compounded annual rate (CAGR) of 92% over three years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹465.86 Cr on record. Court records list 28 cases involving the company, including 25 filed by the company and 3 filed against it; 5 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Name history
Divine Chemtec has undergone 3 name changes throughout its history. The company was previously known as Cleancities Biodiesel India Limited, Nandancleantec Industries Limited, and Xtraa Cleancities Limited. The current legal name is Divine Chemtec Limited.
| Company Name | Status |
|---|---|
| Divine Chemtec Limited | Current |
| Cleancities Biodiesel India Limited | Previous |
| Nandancleantec Industries Limited | Previous |
| Xtraa Cleancities Limited | Previous |
CIN history
Divine Chemtec has one previous CIN (Corporate Identification Number): U74140AP2006PTC049161. The current CIN is U74140AP2006PLC049161, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140AP2006PLC049161 | Current |
| U74140AP2006PTC049161 | Previous |
Contact details
Divine Chemtec Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlots H K & L Phase – II Special Economic Zone Vsez Duvvada, Visakhapatnam, Andhra Pradesh, India – 530049
- IndustryEnvironment, Biofuel & Biomass Energy
To see the full contact details of Divine Chemtec Limited, 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
Financials of Divine Chemtec Limited
FY 2022 filings availableDivine Chemtec Limited reported revenue of ₹18.06 Lakh (up 741% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue rose 741% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 92%. 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹18.06 Lakh |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹1.97 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹8.16 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | |
| Net Profit Margin | |
| 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 Divine Chemtec Limited, buy the company report.
Board of directors of Divine Chemtec Limited
Divine Chemtec has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinivas Prasad Moturi Also directs: Nandan Cleantec Limited, Nandan Biomatrix (India) Private Limited, Nandan Alpha Kat Technologies Limited and 1 more | Managing Director | 05 Apr 2006 | 20 Years 7 Months | Current |
| Moturi Sunitha Also directs: Clear Spirits Private Limited, Amn Infra and Realty Private Limited, Mangotech India Private Limited and 2 more | Director | 15 Feb 2006 | 20 Years 8 Months | Current |
| Moturi Suryakamal Prasad Also directs: Clear Spirits Private Limited, Amn Infra and Realty Private Limited, Mangotech India Private Limited and 2 more | Additional Director | 15 Feb 2021 | 5 Years 8 Months | Current |
Auditor
Divine Chemtec Limited is audited by J B R K & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J B R K & CO | FY 2015 | 005775S |
Shareholding
The shareholding of Divine Chemtec Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Divine Chemtec Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Apr 2011 | 10289380 | State Bank of India | ₹69.36 Cr | Satisfied | |
| 20 Dec 2008 | 10139489 | State Bank of India | ₹165.5 Cr | Satisfied | |
| 26 Jul 2008 | 10121161 | State Bank of India | ₹132 Cr | Satisfied | |
| 10 Oct 2006 | 10026707 | State Bank of India | ₹99 Cr | Satisfied |
To see the full charge records of Divine Chemtec Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Divine Chemtec Limited has 28 court cases on record: 25 filed by Divine Chemtec, 3 filed against it. 5 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 27 | 3 | 4 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Writ petition | Filed against the company by Nandan Cleantec Ltd and Anr | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against Income Tax Department and 1 other | Pending |
| Supreme Court | Court case (0427-Indirect Taxes Matters : Import/Export Policy) | Filed by the company against Union of India Through Secretary Ministry of Commerce and Industry, Udyog Bhawan , District: New Delhi ,New Delhi , Delhi and 3 others | Pending |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against Income Tax Department, and 1 other | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against Income Tax Department and 1 other | Disposed |
To see the full case history of Divine Chemtec Limited, 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 Divine Chemtec Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Divine Chemtec Limited has a workforce of 17 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Divine Chemtec has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AACCC7607G2ZP | Andhra Pradesh | Active | 10 Aug 2017 |
To see the full GST registrations and return filing status of Divine Chemtec Limited, buy the company report.
Recent activity
Divine Chemtec Limited has 7 board changes on record since 2006: 3 appointments and 4 cessations. The latest: Moturi Suryakamal Prasad was appointed as Additional Director on 15 Feb 2021.
7 earlier events are in the company report.
Frequently asked questions
Divine Chemtec is an active public limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in biofuel and biomass energy, within the environment industry. It was incorporated on 15 February 2006 (20+ years old) and is registered under CIN U74140AP2006PLC049161.
Divine Chemtec has 3 current directors:
- Srinivas Prasad Moturi - Managing Director
- Moturi Sunitha - Director
- Moturi Suryakamal Prasad - Additional Director
The latest financial statements of Divine Chemtec on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Divine Chemtec is 37AACCC7607G2ZP, registered in Andhra Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Divine Chemtec is U74140AP2006PLC049161. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Divine Chemtec has 28 court cases on record: 25 filed by the company and 3 filed against it. 5 are pending. Most are in the high courts.
Divine Chemtec was incorporated on 15 February 2006, making it 20+ years old. It is registered with the Registrar of Companies, Vijayawada.
Moturi Suryakamal Prasad was appointed as Additional Director on 15 Feb 2021. Hanumantha Rao Venkata Sunkara ceased to be Director on 24 Jul 2020. Srinivas Prasad Moturi ceased to be Director on 01 Apr 2010. Divine Chemtec has 7 board changes on record in total.
The registered office of Divine Chemtec is at Plots H K & L Phase – II Special Economic Zone Vsez Duvvada, Visakhapatnam, Andhra Pradesh, India – 530049.
Divine Chemtec operates in the environment industry, in the biofuel and biomass energy segment.
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