Palasseril Chits Private Limited
About Palasseril Chits Private Limited
Data last updated:
Palasseril Chits Private Limited was a private limited company based in Kollam, Kerala, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the financial auxiliary services segment of the financial services sector. It was incorporated on 16 February 2017.
The company was registered with the Registrar of Companies (ROC), Ernakulam, under CIN U67190KL2017PTC048294.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Balachandran Janardhanan Palasseril (Managing Director) and Mahin Balachandran Sheeja.
Its last annual general meeting (AGM) was held on 18 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Pasasseril Srp Market (Po) Thazhava, Kollam, Kerala, India – 690539.
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- Registered AddressPasasseril Srp Market (Po) Thazhava, Kollam, Kerala, India – 690539
- IndustryFinancial Services, Auxiliary To Financial Intermediatory
- 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
- One PDF report, delivered after checkout
Financials of Palasseril Chits Private Limited FY 2020 filings available
Financial Statement Summary of Palasseril Chits Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• | •••• |
| 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 of Palasseril Chits Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Palasseril Chits are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Palasseril Chits Private Limited
Palasseril Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahin Balachandran Sheeja Also directs: Triple-Seven Boostmysites AI Solutions Private Limited, Venteskraft Media LLP, Virtical Concepts & Constructions LLP and 2 more | Director | 16 Feb 2017 | 9 Years 8 Months | As last reported |
| Balachandran Janardhanan Palasseril Also directs: Triple-Seven Boostmysites AI Solutions Private Limited | Managing Director | 16 Feb 2017 | 9 Years 8 Months | As last reported |
Ownership and Shareholding of Palasseril Chits Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Palasseril Chits Private Limited
Palasseril Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Palasseril Chits Private Limited
Employment history and EPFO contributions of people linked to Palasseril Chits.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Palasseril Chits Private Limited
Palasseril Chits Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Balachandran Janardhanan Palasseril was appointed as Managing Director on 16 Feb 2017.
Credit Ratings, Litigation & Regulatory Alerts for Palasseril Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Palasseril Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Palasseril Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Palasseril Chits Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Palasseril Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Palasseril Chits Private Limited
Palasseril Chits has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Palasseril Chits was a private limited company based in Kollam, Kerala, India. The company worked in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 16 February 2017 and is registered under CIN U67190KL2017PTC048294. The company has been struck off by the Registrar of Companies and is no longer operational.
Palasseril Chits had 2 directors:
- Balachandran Janardhanan Palasseril - Managing Director
- Mahin Balachandran Sheeja - Director
The CIN (Corporate Identification Number) of Palasseril Chits is U67190KL2017PTC048294. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Palasseril Chits is at Pasasseril Srp Market Po Thazhava, Kollam, Kerala, India – 690539.
Palasseril Chits was incorporated on 16 February 2017. It is registered with the Registrar of Companies, Ernakulam.
Palasseril Chits has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh.
Palasseril Chits operated in the financial services industry, in the auxiliary to financial intermediatory segment. It worked in this industry before it was struck off.
No. Palasseril Chits is not listed on any stock exchange. It is an unlisted company.
Balachandran Janardhanan Palasseril was appointed as Managing Director on 16 Feb 2017. Mahin Balachandran Sheeja was appointed as Director on 16 Feb 2017.