Starlake Chits Limited
About Starlake Chits Limited
Data last updated:
Starlake Chits Limited was a public limited company based in Thrissur, 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 services and investment segment of the financial services sector. It was incorporated on 05 August 2011.
The company was registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2011PLC029046.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹7.88 Lakh. It was led by directors including Jose Edakalathur Kuriakku (Managing Director) and Edakulathur Thomas Eapen.
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 was at Room No: 28/85/36 1st Floor Capital Towers Patturaikkal, Thrissur, Kerala, India – 680022.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.26 Lakh, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹4,241 (net margin -3.4%) and EBITDA of -₹4,123 (EBITDA margin -3.3%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years.
Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Starlake Chits Limited's registered office is in Thrissur, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRoom No: 28/85/36 1st Floor Capital Towers Patturaikkal, Thrissur, Kerala, India – 680022
- IndustryFinancial Services, Financial Activities
To see the full contact details of Starlake Chits 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
Business activity
The main business activity of Starlake Chits is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
Financials of Starlake Chits Limited
FY 2018 filings availableStarlake Chits Limited reported revenue of ₹1.26 Lakh (down 60% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 51% over three years, including a 60% fall in the latest year. EBITDA rose 95% 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 | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹4,123 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹4,241 | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
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| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -3.3% | |||
| Net Profit Margin | -3.4% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
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| 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 Starlake Chits Limited, buy the company report.
Board of directors of Starlake Chits Limited
Starlake Chits has 7 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Edakulathur Thomas Eapen | Director | 15 Mar 2013 | 13 Years 7 Months | As last reported |
| Jose Edakalathur Kuriakku | Managing Director | 05 Aug 2011 | 15 Years 2 Months | As last reported |
| Laiju Chakkunni Edakalathoor Also directs: Parappur Kuries Private Limited | Director | 05 Aug 2011 | 15 Years 2 Months | As last reported |
| Kuriaku | Director | 15 Mar 2013 | 13 Years 7 Months | As last reported |
| Viji Edakkalathur Sebastian | Director | 15 Mar 2013 | 13 Years 7 Months | As last reported |
| Iyyunni Edakulathoor Thomas | Director | 15 Mar 2013 | 13 Years 7 Months | As last reported |
Peer comparison
Starlake Chits Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Radhakamal Nidhi Limited | ₹1.26 Lakh (FY 2024) | -36.0% | Jaipur, Rajasthan, India | |||
| RCMS Money Nidhi Limited | ₹1.26 Lakh (FY 2024) | 60.0% | Sadulpur, Rajasthan, India | |||
| Wemet Papers (India) Private Limited | ₹1.26 Lakh (FY 2025) | -46.0% | Mumbai, Maharashtra, India | |||
| Shree Sundha Anjani Nidhi Limited | ₹1.26 Lakh (FY 2025) | 86.0% | Sirohi, Rajasthan, India | |||
| Sunshield Finvest Private Limited | ₹1.26 Lakh (FY 2017) | Mumbai, Maharashtra, India | ||||
| Starlake Chits Limitedthis company | ₹1.26 Lakh (FY 2018) | -₹4,241 | -3.4% | -60.0% | Thrissur, Kerala, India | |
| Shri Ramatheertha Chits Private Limited | ₹1.26 Lakh (FY 2022) | -34.0% | Jamkhandi, Karnataka, India | |||
| Swezo Nidhi Limited | ₹1.26 Lakh (FY 2018) | Rewari, Haryana, India | ||||
| Chit Shakthi Chits Private Limited | ₹1.26 Lakh (FY 2024) | -7.0% | Pollachi, Tamil Nadu, India | |||
| Money Growth Chits Private Limited | ₹1.26 Lakh (FY 2018) | -66.0% | Hubli, Karnataka, India | |||
| Atrinandan Finance Nidhi Limited | ₹1.26 Lakh (FY 2023) | Aurangabad, Maharashtra, India |
To see the full peer comparison of Starlake Chits Limited, buy the company report.
Auditor
Starlake Chits Limited is audited by DERICK AND ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DERICK AND ASSOCIATES | FY 2017 | 014924S |
Shareholding
The shareholding of Starlake Chits Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Starlake Chits Limited, buy the company report.
Legal cases
Starlake Chits Limited has 1 court case on record: 1 filed by Starlake Chits. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Civil suit | Filed by the company against individuals | Disposed |
To see the full case history of Starlake Chits 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 Starlake Chits Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Starlake Chits Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Starlake Chits Limited has 10 board changes on record since 2011: 7 appointments and 3 cessations. The latest: Thoma Edakalathoor Varghese ceased to be Director on 15 Mar 2019.
1 earlier event is in the company report.
Frequently asked questions
Starlake 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.
Starlake Chits was a public limited company based in Thrissur, Kerala, India. The company worked in financial activities, within the financial services industry. It was incorporated on 05 August 2011 and is registered under CIN U65992KL2011PLC029046. The company has been struck off by the Registrar of Companies and is no longer operational.
Starlake Chits had 7 directors:
- Jose Edakalathur Kuriakku - Managing Director
- Edakulathur Thomas Eapen - Director
- Laiju Chakkunni Edakalathoor - Director
- Kuriaku - Director
- Viji Edakkalathur Sebastian - Director
- Iyyunni Edakulathoor Thomas - Director
- Edakkalathur Jose Sajeev - Director
The CIN (Corporate Identification Number) of Starlake Chits is U65992KL2011PLC029046. 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 Starlake Chits is at Room No: 288536 1st Floor Capital Towers Patturaikkal, Thrissur, Kerala, India – 680022.
Starlake Chits was incorporated on 05 August 2011. It is registered with the Registrar of Companies, Ernakulam.
The latest financial statements of Starlake Chits 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.
Starlake Chits operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
The peers of Starlake Chits by revenue are Radhakamal Nidhi Limited, RCMS Money Nidhi Limited, Wemet Papers (India) Private Limited, Shree Sundha Anjani Nidhi Limited, Sunshield Finvest Private Limited and 5 more, all in the same principal business activity (other financial activities).
Starlake Chits has 1 court case on record: 1 filed by the company.
Thoma Edakalathoor Varghese ceased to be Director on 15 Mar 2019. Job John Edakkalathur ceased to be Director on 08 Feb 2019. Edakalathoor Rappai ceased to be Director on 20 Oct 2018. Starlake Chits has 10 board changes on record in total.