About Southstar Technology Solutions Private Limited
Data last updated:
Southstar Technology Solutions Private Limited was a private limited company based in Bangalore, Karnataka, 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 IT consulting and support services segment of the technology and IT services sector. It was incorporated on 22 June 2010.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2010PTC054161. Its GSTIN is 29AAOCS5359K2ZG (Karnataka). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Laxman and Nagaraju Nagella.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at H.No.34 Dasappa L/O 2nd B Ramamurthy Nagar, Bangalore, Karnataka, India – 560016.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.46 Cr, a decline of 76% compared to the previous year. For the same year it recorded a net loss of ₹32.96 Lakh (net margin -22.6%) and EBITDA of -₹25.26 Lakh (EBITDA margin -17.3%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years.
Court records list 9 cases involving the company, including 9 filed against it; 1 case is pending.
The last known website on record is southstartechnology.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressH.No.34 Dasappa L/O 2nd B Ramamurthy Nagar, Bangalore, Karnataka, India – 560016
- IndustryInformation Technology, IT Consulting & Support Services
- 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
Business Activity
The main business activities of Southstar Technology Solutions are trade and information and communication. In detail, this covers retail trading and computer programming, consultancy and related activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Southstar Technology Solutions Private Limited
FY 2018 filings availableSouthstar Technology Solutions Private Limited reported revenue of ₹1.46 Cr (down 76% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over three years, including a 76% fall in the latest year. EBITDA fell 264% 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 2014-15 to FY 2016-17in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | ₹1.46 Cr | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | -₹25.26 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹32.96 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 2014-15 to FY 2016-17in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -17.3% | |
| Net Profit Margin | -22.6% | |
| 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, and every line for FY 2014-15 to FY 2016-17, 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 Southstar Technology Solutions are in the company report.
: available in the company report
Board of Directors of Southstar Technology Solutions Private Limited
Southstar Technology Solutions has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Laxman | Director | 22 Jun 2010 | 16 Years 4 Months | As last reported |
| Nagaraju Nagella | Director | 01 Oct 2016 | 10 Years 0 Months | As last reported |
| Marpalle Shobha | Director | 22 Jun 2010 | 16 Years 4 Months | As last reported |
Auditor Details
Southstar Technology Solutions Private Limited is audited by K R KAMATH & CO for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K R KAMATH & CO | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Southstar Technology Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases
Southstar Technology Solutions Private Limited has 9 court cases on record: 9 filed against it. 1 case is pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal miscellaneous application | Filed against the company by HDFC Bank Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Viroka Technology Pvt Ltd, Rep. by Its Director, Sri. Mohan Kumar | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Systech Technologies | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Systech Technologies | Disposed |
: available in 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.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Southstar Technology Solutions.
: available in the company report
Recent Activity
Southstar Technology Solutions Private Limited has 3 board changes on record since 2010: 3 appointments. The latest: Nagaraju Nagella was appointed as Director on 01 Oct 2016.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Southstar Technology Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCS5359K2ZG | Karnataka | Active | 05 Jun 2021 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Southstar Technology Solutions 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.
Southstar Technology Solutions was a private limited company based in Bangalore, Karnataka, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 22 June 2010 and is registered under CIN U72200KA2010PTC054161. The company has been struck off by the Registrar of Companies and is no longer operational.
Southstar Technology Solutions had 3 directors:
- Laxman - Director
- Nagaraju Nagella - Director
- Marpalle Shobha - Director
The CIN (Corporate Identification Number) of Southstar Technology Solutions is U72200KA2010PTC054161. 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 Southstar Technology Solutions is at H.No.34 Dasappa LO 2nd B Ramamurthy Nagar, Bangalore, Karnataka, India – 560016.
Southstar Technology Solutions was incorporated on 22 June 2010. It is registered with the Registrar of Companies, Bangalore.
Southstar Technology Solutions can be reached through the website southstartechnology.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Southstar Technology Solutions on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Southstar Technology Solutions is 29AAOCS5359K2ZG, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Southstar Technology Solutions operated in the information technology industry, in the IT consulting and support services segment. It worked in this industry before it was struck off.