Del-Star Pvt Ltd
About Del-Star Pvt Ltd
Data last updated:
Del-Star Pvt Ltd is a private limited company based in Satara, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 04 August 1962 and has been in existence for over 64 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29304MH1962PTC012431. Its GSTIN is 27AAACD6239P1Z7 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹80.58 Lakh. It is led by directors including Dattatraya Waman Chitale (Managing Director) and Mahipendrasingh Prithvirajsingh Parmar.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Ogalewadidistt Satara, Maharashtra, India – 416105.
As per the financials filed for FY 2019, the company reported a revenue of ₹74.6 Lakh, a growth of 21% compared to the previous year. For the same year it recorded a net loss of ₹18.82 Lakh (net margin -25.2%) and EBITDA of -₹7.91 Lakh (EBITDA margin -10.6%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years and 6% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.92 Cr on record. Court records list 147 cases involving the company, including 34 filed by the company and 113 filed against it; 13 cases are pending.
Company details
Contact details
Del-Star Pvt Ltd's registered office is in Satara, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOgalewadidistt Satara, Maharashtra, India – 416105
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Del-Star Pvt Ltd, 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 Del-Star is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Del-Star Pvt Ltd, buy the company report.
Financials of Del-Star Pvt Ltd
FY 2019 filings availableDel-Star Pvt Ltd reported revenue of ₹74.6 Lakh (up 21% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 21% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 6%. EBITDA rose 51% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹74.6 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹7.91 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹18.82 Lakh | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.6% | ||||
| Net Profit Margin | -25.2% | ||||
| 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 Del-Star Pvt Ltd, buy the company report.
Board of directors of Del-Star Pvt Ltd
Del-Star has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mithila Madan Diwan Also directs: Omnimedia Virtualnetwork Limited | Additional Director | 04 May 2011 | 15 Years 6 Months | Current |
| Dattatraya Waman Chitale Also directs: Omnimedia Virtualnetwork Limited | Managing Director | 05 Jan 1985 | 41 Years 10 Months | Current |
| Madan Yashwant Diwan Also directs: Omnimedia Virtualnetwork Limited, Bhima Giip (OPC) Private Limited | Additional Director | 04 May 2011 | 15 Years 6 Months | Current |
| Shrikant Chandrashekhar Inamdar | Additional Director | 09 May 2012 | 14 Years 5 Months | Current |
| Mahipendrasingh Prithvirajsingh Parmar Also directs: Choksi Tube Co Ltd | Director | 19 Dec 1989 | 36 Years 10 Months | Current |
Auditor
Del-Star Pvt Ltd is audited by A V G K & CO LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A V G K & CO LLP | FY 2019 | W100108 |
Shareholding
The shareholding of Del-Star Pvt Ltd is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Del-Star Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Apr 1999 | 90093711 | The United Western Bank Ltd | ₹2.46 Cr | Open | |
| 15 Feb 1992 | 90087726 | The United Western Bank Ltd | ₹81 Lakh | Open | |
| 15 Feb 1992 | 90093590 | The United Western Bank Ltd | ₹18 Lakh | Open | |
| 09 May 1991 | 90083754 | Oriented Bank of Commerce | ₹20 Lakh | Open | |
| 24 Jun 1989 | 90083611 | The United Western Bank Ltd | ₹4 Lakh | Open |
To see the full charge records of Del-Star Pvt Ltd, buy the company report.
Total charge records: 13 View all charges
Legal cases
Del-Star Pvt Ltd has 147 court cases on record: 34 filed by Del-Star, 113 filed against it. 13 cases are pending and 134 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 126 | 98 | 8 |
| High courts | 21 | 15 | 5 |
Cases on record (5 of 147)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company | Pending |
| Bombay High Court | Company petition | Filed against the company by an individual | Pending |
| Bombay High Court | Writ petition | Filed against the company by an individual | Pending |
| Bombay High Court | Writ petition | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln. PGA) | Filed against the company by an individual | Pending |
To see the full case history of Del-Star Pvt Ltd, 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 Del-Star Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Del-Star Pvt Ltd has a workforce of 3 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Del-Star has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD6239P1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Del-Star Pvt Ltd, buy the company report.
Recent activity
Del-Star Pvt Ltd has 6 board changes on record since 1985: 5 appointments and 1 cessation. The latest: Dattatraya Waman Chitale ceased to be Whole-Time Director on 09 May 2012.
14 earlier events are in the company report.
Frequently asked questions
Del-Star is an active private limited company based in Satara, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 04 August 1962 (64+ years old) and is registered under CIN U29304MH1962PTC012431.
Del-Star has 5 current directors:
- Dattatraya Waman Chitale - Managing Director
- Mithila Madan Diwan - Additional Director
- Madan Yashwant Diwan - Additional Director
- Shrikant Chandrashekhar Inamdar - Additional Director
- Mahipendrasingh Prithvirajsingh Parmar - Director
The latest financial statements of Del-Star on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Del-Star is 27AAACD6239P1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Del-Star is U29304MH1962PTC012431. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Del-Star has 147 court cases on record: 34 filed by the company and 113 filed against it. 13 are pending. Most are in the district courts.
Del-Star was incorporated on 04 August 1962, making it 64+ years old. It is registered with the Registrar of Companies, Pune.
Dattatraya Waman Chitale ceased to be Whole-Time Director on 09 May 2012. Shrikant Chandrashekhar Inamdar was appointed as Additional Director on 09 May 2012. Madan Yashwant Diwan was appointed as Additional Director on 04 May 2011. Del-Star has 6 board changes on record in total.
The registered office of Del-Star is at Ogalewadidistt Satara, Maharashtra, India – 416105.
Del-Star operates in the machinery and equipment industry, in the industrial machinery manufacturing segment.
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