Develecto Mining Limited

Provides mining support services and develops, operates, and maintains mines for coal, ores, and minerals.

2018 | Chennai, Tamil Nadu (India) | Active
Last Updated: July 28, 2024

Develecto Mining Profile

Key Indicators

  • Authorised Capital ₹ 2.60 M
  • Paid Up Capital ₹ 2.55 M
  • Company Age 6 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 50.00 Cr
  • Revenue Growth %
  • Net Worth -367984.00%
  • Total Assets -62.71%

About Develecto Mining

Develecto Mining Limited (DML) is a Public Limited Indian Non-Government Company incorporated in India on 16 March 2018 (Six years and ten months 18 days old ). Its registered office is in Chennai, Tamil Nadu, India.

The Company is engaged in the Metals And Minerals Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 2.60 M and a paid-up capital of Rs 2.55 M.

The company currently has active open charges totaling ₹50.00 Cr.

Ashok Biswas, Somnath Chakraborty, and Anirudh Bhattacharya serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U10200TN2018PLC121501

  • Company No.

    121501

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    16 Mar 2018

  • Date of AGM

    28 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Metals and Minerals

Who are the key members and board of directors at Develecto Mining?

Board Members (3)

Name Designation Appointment Date Status
Ashok Biswas Country flag representing In Director Current
Somnath Chakraborty Country flag representing In Director Current
Anirudh Bhattacharya Country flag representing In Director Current

Financial Performance of Develecto Mining.

Develecto Mining Limited, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth observed a substantial decline by a decrease of 367984%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
Revenue from Operations
Total Assets
-62.71%
Profit or Loss
Net Worth
-367984.00%
EBITDA

What is the Ownership and Shareholding Structure of Develecto Mining?

In 2021, Develecto Mining had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹500.00 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Yes Bank Limited : 50.00 Cr

Latest Charge Details

Date Lender Amount Status
19 Mar 2024 Yes Bank Limited ₹50.00 Cr Open

How Many Employees Work at Develecto Mining?

Unlock and access historical data on people associated with Develecto Mining, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Develecto Mining, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Develecto Mining's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Develecto Mining

Recent activity within the organization

  • Charges

    A charge with Yes Bank Limited amounted to Rs. 500.00 M with Charge ID 100882479 was registered on 19 Mar 2024.

    19 Mar 2024

  • Annual General Meeting

    Develecto Mining Limited last Annual general meeting of members was held on 28 Sep 2023 as per latest MCA records.

    28 Sep 2023

  • Balance Sheet

    Develecto Mining Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

    31 Mar 2023

  • Company Incorporation

    Develecto Mining Limited was registered on 16 Mar 2018 with Roc Chennai & aged 6 years 10 months as per MCA records.

    16 Mar 2018

Frequently asked questions

  • Develecto Mining Limited was incorporated on 16 Mar 2018.

  • The authorized share capital of Develecto Mining Limited is ₹ 2.60 M and paid-up capital is ₹ 2.55 M.

  • Currently 3 directors are associated with Develecto Mining Limited.

    • Ashok Kumar Biswas
    • Somnath Chakraborty
    • Anirudh Bhattacharya
  • As per Ministry of Corporate Affairs (Mca), the registered address of Develecto Mining Limited is 73 Armenian Street George Town, Chennai, Tamil Nadu, India, 600001.

  • The corporate identification number (CIN) of Develecto Mining Limited is U10200TN2018PLC121501 and the company number is 121501 as per Ministry of Corporate Affairs (MCA).

  • The financial reports for the fiscal year 2023 indicates that The net worth of Develecto Mining Limited has experienced an downturn of -367984.00%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Develecto Mining Limited amount to ₹ 50.00 Cr.

  • The most recent Balance Sheet for Develecto Mining Limited was filed with the ROC on 31 Mar 2023.

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