The Devicolam Distilleries Ltd - Due diligence report

A 360° intelligence report on Ddl: trust score, financial health, credit view, compliance, directors, growth and distress signals - generate…

1938-07-29 Ernakulam, Kerala Active Unlisted Active Compliant
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TD The Devicolam Distilleries Ltd
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Ddl — 360° Intelligence Report

Generated from MCA filings & public records
59/100
Trust Score
Moderate

Ddl is assessed as Moderate with a Trust Score of 59/100. Ddl is an active public limited indian non-government company incorporated in 1938, operating in the Food and Beverages 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 17 Jul 2026 from the latest processed filings. The Devicolam Distilleries Ltd snapshot & full profile →

Financial Health › Caution
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
59/100
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
5/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
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.

Get full access

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: 45/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Externally credit-rated (B-).

Charges position: 5 open (10.90 cr) · 10 satisfied (33.41 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Indian Bank8 48.0 cr
State Bank Of India1 48.0 cr
Others1 48.0 cr
Sundaram Finance Ltd1 48.0 cr
Sundaram Finance Ltd.3 48.0 cr
Sundaram Finance 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: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
NIRMAL VAKACHAN 01234567 Director 01/04/2018 6 yrs Approved
ABHILASH PALLITHODI 01234567 Director 01/04/2018 6 yrs Approved
DEEPAK GEORGE 01234567 Director 01/04/2018 6 yrs Approved
AMAL ABRAHAM 01234567 Director 01/04/2018 6 yrs Approved
RAIGON PETER DAMIAN 01234567 Director 01/04/2018 6 yrs Approved
Mary Corneli 01234567 Director 01/04/2018 6 yrs Approved
Midhun Thacherry Babu 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
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
3 allotment(s) · 2 transfer(s)

Key managerial personnel: RAIGON PETER DAMIAN (Managing Director) · Mary Corneli (CEO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 40
Growth signals & trust indicators
Operating for 87+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Negative net worth.
5 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 diligence62/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment42/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 5 open charge(s) of 10.90 cr already registered.
  • Compliance record supports lending.
Investor view32/100
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
17 Feb 2025
Director appointed
Mary Corneli (CEO)
Director ceased
RAIGON PETER DAMIAN
31 Jan 2025
Charge created
Others - 99.00 Lakh
15 Oct 2024
Director appointed
Midhun Thacherry Babu (Director)
Director ceased
JOMY JOSE PAZHAMPILLY
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
10 Apr 2023
Director appointed
NIRMAL VAKACHAN (Director)
Director appointed
ABHILASH PALLITHODI (Director)
Director appointed
DEEPAK GEORGE (Director)
Director appointed
AMAL ABRAHAM (Director)
Director appointed
RAIGON PETER DAMIAN (Managing Director)
31 Mar 2023
Director ceased
VIJAY BURMAN
Director ceased
CARTINA STANLEY
17 Feb 2022
Charge created
Indian Bank - 63.53 Lakh
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Compliance record is strong - status, filings and flags are clean.
7 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of B- from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Bs Salt Private Limited U24298MH2000PTC184886 Matunga, Maharashtra, India
Aideobarie Tea Estates Private Limited U01132AS1961PTC001180 Jorhat, Assam, India
Bapuji U15412WB1998PTC086240 Howrah, West Bengal, India
Navya Jute Mills Private Limited U74900AP1994PTC018797 Vizanagaram, Andhra Pradesh, India
Govind Kolte Foods Private Limited U15130MH2003PTC142334 Jalgaon, Maharashtra, India
Sri Manjunath Foods And Packagings Private Limited U15111KA1996PTC019775 Mangalore., Karnataka, India
Glacier Ice Creams Private Limited U15203KA2002PTC031152 Bangalore, Karnataka, India
Rm Agro Indus Private Limited U27100HR2010PTC040246 Panipat, Haryana, India
12

Who Uses This Report

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

Verify Ddl 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 Ddl: 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 45/100, 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 Ddl - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 59/100, distress signals and MSME payment-delay disclosures - know whether Ddl 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 Ddl - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Ddl an active company?

Ddl has MCA status “Active” with a compliance score of 81/100 (Low Risk).

Is Ddl financially healthy?

Ddl has a Financial Health Score of 5/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Ddl?

Its overall Trust Score is 59/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Ddl?

See the directors and ownership sections above for board and shareholding detail. 7 active director(s) are on record.

Does Ddl have loans or charges against its assets?

5 open charge(s) are registered against its assets, and 10 earlier charge(s) stand satisfied.

Is Ddl 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 Ddl?

Its Credit Risk Score is 45/100 (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.