About Seastar Ship Management Private Limited
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Seastar Ship Management Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 23 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63030MH2010PTC201190. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹11 Lakh and a paid-up capital of ₹11 Lakh. It is led by directors Ravi Raja Bondla and Sameer Ramesh Parab.
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 is at Mumbai, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.13 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹8.47 Lakh (net margin 7.5%) and EBITDA of ₹39.46 Lakh (EBITDA margin 35%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years.
As per MCA filings, the company has open charges of ₹20 Lakh on record. Court records list 7 cases involving the company, including 7 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website seastargrp.com.
Company details
Contact details
Seastar Ship Management Private Limited's registered office is in Mumbai, Maharashtra. Its website is seastargrp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address67 – B Gopal Mansion Chs Ltd, Gurunanak Road Opp Kooper Chimani, Mumbai, Maharashtra, India – 400050
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Seastar Ship Management Private 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 Seastar Ship Management is transport and storage. In detail, this covers water transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport |
To see the full business activity and turnover split of Seastar Ship Management Private Limited, buy the company report.
Financials of Seastar Ship Management Private Limited
FY 2018 filings availableSeastar Ship Management Private Limited reported revenue of ₹1.13 Cr (down 17% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over three years, including a 17% fall in the latest year. EBITDA fell 25% 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 | ₹1.13 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹39.46 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹8.47 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 35% | |||
| Net Profit Margin | 7.5% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick 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 Seastar Ship Management Private Limited, buy the company report.
Board of directors of Seastar Ship Management Private Limited
Seastar Ship Management has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sameer Ramesh Parab Also directs: PR International Manpower Consultants LLP | Additional Director | 09 Dec 2022 | 3 Years 10 Months | Current |
| Ravi Raja Bondla Also directs: PR International Manpower Consultants LLP, Seajal Shipping Private Limited, Rarity Maritime Services Private Limited and 2 more | Director | 23 Mar 2010 | 16 Years 7 Months | Current |
Auditor
Seastar Ship Management Private Limited is audited by M O B & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M O B & ASSOCIATES | FY 2018 | 136412W |
Shareholding
The shareholding of Seastar Ship Management Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Seastar Ship Management Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Mar 2015 | 10565480 | Axis Bank Limited | ₹20 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Seastar Ship Management Private Limited has 7 court cases on record: 7 filed against it. 1 case is pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| District court, Ahmedabad, Gujarat | Court case (eCC) | Filed against the company by Axis Bank Ltd | Disposed |
| High Court, MAHARASHTRA | Court case (EXA) | Filed against the company by Magma Fincorp Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Edelweiss Retail Finance Limited | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Religare Finvest Ltd | Disposed |
To see the full case history of Seastar Ship Management Private 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 Seastar Ship Management Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Seastar Ship Management has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Seastar Ship Management Private Limited, buy the company report.
Recent activity
Seastar Ship Management Private Limited has 3 board changes on record since 2010: 2 appointments and 1 cessation. The latest: Sameer Ramesh Parab was appointed as Additional Director on 09 Dec 2022.
Frequently asked questions
Seastar Ship Management is an active private limited company based in Mumbai, Maharashtra, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 23 March 2010 (16+ years old) and is registered under CIN U63030MH2010PTC201190.
Seastar Ship Management has 2 current directors:
- Sameer Ramesh Parab - Additional Director
- Ravi Raja Bondla - Director
The latest financial statements of Seastar Ship Management 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.
No. Seastar Ship Management has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Seastar Ship Management is U63030MH2010PTC201190. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Seastar Ship Management has 7 court cases on record: 7 filed against it. 1 is pending. Most are in the district courts.
Seastar Ship Management was incorporated on 23 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Sameer Ramesh Parab was appointed as Additional Director on 09 Dec 2022. Aftab Mustaq Rajguru ceased to be Director on 15 Sep 2022. Ravi Raja Bondla was appointed as Director on 23 Mar 2010.
Seastar Ship Management can be reached through the website seastargrp.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Seastar Ship Management is at 67 – B Gopal Mansion Chs Ltd, Gurunanak Road Opp Kooper Chimani, Mumbai, Maharashtra, India – 400050.