Staar Fit Private Limited
About Staar Fit Private Limited
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Staar Fit Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the fitness centers and gyms segment of the health and wellness sector. It was incorporated on 02 June 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2016PTC110734.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Vijith and Valsan Varun.
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 Old No 112 New No 253 Bharathi Salai Royapeetai, Chennai, Tamil Nadu, India – 600014.
As per the financials filed for FY 2019, the company reported a revenue of ₹38.44 Lakh, a decline of 52% compared to the previous year. For the same year it recorded a net loss of ₹8.29 Lakh (net margin -21.6%) and EBITDA of ₹11.56 Lakh (EBITDA margin 30.1%).
As per MCA filings, the company has open charges of ₹50.36 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Staar Fit Private Limited's registered office is in Chennai, Tamil Nadu.
- Registered AddressOld No 112 New No 253 Bharathi Salai Royapeetai, Chennai, Tamil Nadu, India – 600014
- IndustryHealth and Wellness Services, Fitness Centers & Gyms
- 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 Staar Fit is support service to organizations. In detail, this covers office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N6 | Office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc. |
To see the full business activity and turnover split of Staar Fit Private Limited, buy the company report.
Financials of Staar Fit Private Limited
FY 2019 filings availableStaar Fit Private Limited reported revenue of ₹38.44 Lakh (down 52% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 52% in the latest year. EBITDA fell 32% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | ₹11.56 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹8.29 Lakh | ||
| Balance Sheet | |||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 30.1% | ||
| Net Profit Margin | -21.6% | ||
| Return on Equity (ROE) | |||
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| Return on Assets (ROA) | |||
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To see the full financial statements and ratios of Staar Fit Private Limited, buy the company report.
Board of directors of Staar Fit Private Limited
Staar Fit has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijith | Director | 02 Jun 2016 | 10 Years 4 Months | Current |
| Valsan Varun | Director | 02 Jun 2016 | 10 Years 4 Months | Current |
| Valsan | Director | 07 Feb 2017 | 9 Years 8 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Mar 2017 | 100087967 | Indian Overseas Bank | ₹50.36 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Staar Fit Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Execution petition | Filed against the company by an individual | Pending |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Staar Fit 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 Staar Fit Private 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 Staar Fit Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Staar Fit Private Limited has 3 board changes on record since 2016: 3 appointments. The latest: Valsan was appointed as Director on 07 Feb 2017.
Frequently asked questions
Staar Fit is an active private limited company based in Chennai, Tamil Nadu, India. The company works in fitness centers and gyms, within the health and wellness services industry. It was incorporated on 02 June 2016 (10+ years old) and is registered under CIN U74999TN2016PTC110734.
Staar Fit has 3 current directors:
- Vijith - Director
- Valsan Varun - Director
- Valsan - Director
The latest financial statements of Staar Fit 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 FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Staar Fit is U74999TN2016PTC110734. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Staar Fit has 2 court cases on record: 2 filed against it. 1 is pending.
Staar Fit was incorporated on 02 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chennai.
Valsan was appointed as Director on 07 Feb 2017. Valsan Varun was appointed as Director on 02 Jun 2016. Vijith was appointed as Director on 02 Jun 2016.
The registered office of Staar Fit is at Old No 112 New No 253 Bharathi Salai Royapeetai, Chennai, Tamil Nadu, India – 600014.
Staar Fit operates in the health and wellness services industry, in the fitness centers and gyms segment.
Staar Fit has open charges of ₹50.36 Lakh and no satisfied charges on record as per latest MCA filings.