Polestar Maritime Profile
Key Indicators
- Authorised Capital ₹ 45.00 Cr
- Paid Up Capital ₹ 2.52 Cr
- Company Age 24 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 209.69 Cr
- Satisfied Charges ₹ 79.00 Cr
- Revenue Growth -0.62%
- Profit Growth -10.64%
- Ebitda -0.04%
- Net Worth 5.08%
- Total Assets -1.35%
About Polestar Maritime
Polestar Maritime Limited (PML) is a leading Public Limited Indian Non-Government Company incorporated in India on 08 November 2000 and has a history of 24 years and two months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Logistic Projects (India) Limited. The Company is engaged in the Transport And Logistics Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 45.00 Cr and a paid-up capital of Rs 2.52 Cr.
The company currently has active open charges totaling ₹209.69 Cr. The company has closed loans amounting to ₹79.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Bhagwandas Parekh, Suryakant Parekh, Saahil Dugar, and Four other members serve as directors at the Company.
Company Details
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Location
Mumbai, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U63032MH2000PLC129516
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Company No.
129516
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
08 Nov 2000
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Mumbai
Industry
What products or services does Polestar Maritime Limited offer?
Polestar Maritime Limited offers a wide range of products and services, including Forwarding & Custom Clearing, Marine Service.
Who are the key members and board of directors at Polestar Maritime?
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Bhagwandas Parekh
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Director | 01-Oct-2013 | Current |
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Suryakant Parekh
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Director | 13-Dec-2005 | Current |
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Saahil Dugar
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Director | 25-Mar-2016 | Current |
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Sharan Kuruwa
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Director | 25-Mar-2016 | Current |
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Juhi Parekh
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Director | 30-Sep-2022 | Current |
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Vinit Badani
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Director | 30-Sep-2022 | Current |
Financial Performance of Polestar Maritime.
Polestar Maritime Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 0.62% decrease. The company also saw a substantial fall in profitability, with a 10.64% decrease in profit. The company's net worth moved up by a moderate rise of 5.08%.
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What is the Ownership and Shareholding Structure of Polestar Maritime?
In 2023, Polestar Maritime had a promoter holding of 98.41% and a public holding of 1.59%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Seabridge Terminals Private LimitedBhagwandas Parekh is a mutual person
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Logistic Enterprises Private LimitedBhagwandas Parekh is a mutual person
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Orchid Shipping Private LimitedBhagwandas Parekh is a mutual person
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Logistic Ventures LlpBhagwandas Parekh is a mutual person
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Seabird Marine Services (Gujarat) Private Limited
Bhagwandas Parekh is a mutual person
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Kasturben Mulji Parekh Foundation
Bhagwandas Parekh is a mutual person
Charges (Loans)
₹209.69 Cr
₹79.00 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 130.69 Cr
- Hdfc Bank Limited : 79.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Sep 2022 | Hdfc Bank Limited | ₹25.00 Cr | Open |
| 28 Dec 2018 | Hdfc Bank Limited | ₹54.00 Cr | Open |
| 05 Mar 2012 | State Bank Of India | ₹130.69 Cr | Open |
| 21 Sep 2020 | Hdfc Bank Limited | ₹23.00 Cr | Satisfied |
| 24 Apr 2018 | Hdfc Bank Limited | ₹23.50 Cr | Satisfied |
How Many Employees Work at Polestar Maritime?
Polestar Maritime has a workforce of 120 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Polestar Maritime, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Polestar Maritime's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
