Starlake Chits Limited - financial services in Thrissur, Kerala, India. Directors, charges & compliance details.
CIN U65992KL2011PLC029046 Incorporated 05 August 2011 ROC Ernakulam HQ Thrissur, Kerala, India
Struck Off Public Limited Company financial services
Data last updated
Revenue · FY 2018
₹1.26 Lakh
▼ 60% YoY
Net loss · FY 2018
₹4,241
Net margin -3.4%
EBITDA · FY 2018
-₹4,123
EBITDA margin -3.3%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹7.88 Lakh
Issued & subscribed
Company age
15 yrs
Est. 2011
Directors on board
7
As per MCA filings
Last financials
Mar 2018
Balance sheet date

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

CIN U65992KL2011PLC029046
Registration Number 029046
Incorporation Date 05 August 2011
ROC Ernakulam
Listing Status Unlisted
Company Status Struck Off
Date of Last AGM 29 September 2018
Date of Balance Sheet 31 March 2018
Compliance Status Active Non-Compliant

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 Address
    Room No: 28/85/36 1st Floor Capital Towers Patturaikkal, Thrissur, Kerala, India – 680022
  • Industry
    Financial Services, Financial Activities

To see the full contact details of Starlake Chits Limited, buy the company report.

Comprehensive company report
Starlake Chits Limited - one report that includes everything
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  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Business activity

The main business activity of Starlake Chits is financial and insurance service. In detail, this covers other financial activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK8Other financial activities

Financials of Starlake Chits Limited

FY 2018 filings available

Starlake Chits Limited reported revenue of ₹1.26 Lakh (down 60% YoY) for FY 2018.

Revenue · FY 2018
₹1.26 Lakh ▼ 60%
Net loss · FY 2018
₹4,241 margin -3.4%
EBITDA · FY 2018
-₹4,123 margin -3.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 60%
3 years · compounded
▼ 51%
EBITDA CAGR growth
1 year
▲ 95%
3 years · compounded
▼ 27%

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

MetricsFY 2017-18FY 2016-17FY 2015-16FY 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
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2017-18FY 2016-17FY 2015-16FY 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
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 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.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Edakulathur Thomas EapenDirector15 Mar 201313 Years 7 MonthsAs last reported
Jose Edakalathur KuriakkuManaging Director05 Aug 201115 Years 2 MonthsAs last reported
Laiju Chakkunni EdakalathoorDirector05 Aug 201115 Years 2 MonthsAs last reported
KuriakuDirector15 Mar 201313 Years 7 MonthsAs last reported
Viji Edakkalathur SebastianDirector15 Mar 201313 Years 7 MonthsAs last reported
Iyyunni Edakulathoor ThomasDirector15 Mar 201313 Years 7 MonthsAs last reported
Showing 6 of 7 current directors. View all directors

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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
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 firmFinancial yearFirm registration number
DERICK AND ASSOCIATESFY 2017014924S

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 categoryFY 2017FY 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.

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.

Ceased
Thoma Edakalathoor Varghese ceased to be Director.
Ceased
Job John Edakkalathur ceased to be Director.
Ceased
Edakalathoor Rappai ceased to be Director.
AGM
Starlake Chits Limited last Annual general meeting of members was held on 29 Sep 2018 as per latest MCA records.
Filing
Starlake Chits Limited has filed its annual Financial statements for the year ended 31 Mar 2018 with Roc Ernakulam.
Appointed
Edakulathur Thomas Eapen was appointed as Director.
Appointed
Iyyunni Edakulathoor Thomas was appointed as Director.
Appointed
Kuriaku was appointed as Director.
Appointed
Viji Edakkalathur Sebastian was appointed as Director.
Appointed
Edakkalathur Jose Sajeev was appointed as Director.
Appointed
Jose Edakalathur Kuriakku was appointed as Managing Director.
Appointed
Laiju Chakkunni Edakalathoor was appointed as Director.

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:

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.