Starol Petroleum Profile
Key Indicators
- Authorised Capital ₹ 5.00 M
- Paid Up Capital ₹ 4.63 M
- Company Age 27 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 3.52 Cr
- Satisfied Charges ₹ 5.20 Cr
- Revenue Growth 10.52%
- Profit Growth 126.71%
- Ebitda -0.97%
- Net Worth 4.52%
- Total Assets 18.77%
About Starol Petroleum
Starol Petroleum Limited (SPL) is a Public Limited Indian Non-Government Company incorporated in India on 12 August 1997 and has a history of 27 years and seven months. Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Chemicals And Materials 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 5.00 M and a paid-up capital of Rs 4.63 M.
The company currently has active open charges totaling ₹3.52 Cr. The company has closed loans amounting to ₹5.20 Cr, as per Ministry of Corporate Affairs (MCA) records.
Mahendra Jain, Mangilal Jain, and Lata Jain serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U23200MH1997PLC110030
- Company No.
110030
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
12 Aug 1997
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Chemicals and Materials
What products or services does Starol Petroleum Limited offer?
Starol Petroleum Limited offers a wide range of products and services, including Oils, Grease & Lubricants, Turbine Oils, Synthetic Oils, Grease, Cutting Oils, Automotive Grease, Machine Oils, Textile, Dyeing & Finishing Chemical, Thread Lubricant, Lubricants.
Who are the key members and board of directors at Starol Petroleum?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mahendra Jain  | Director | 20-Nov-1998 | Current |
| Mangilal Jain | Director Appointed In Casual Vacancy | 05-Mar-2024 | Current |
| Lata Jain | Director | 19-Jul-2009 | Current |
Financial Performance of Starol Petroleum.
Starol Petroleum Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 10.52% increase. The company also saw a substantial improvement in profitability, with a 126.71% increase in profit. The company's net worth moved up by a moderate rise of 4.52%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Starol Petroleum?
In 2023, Starol Petroleum had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Starol Marketing Private Limited
Mahendra Jain and Lata Jain are mutual person
- Shree Vardaria Synthetics Pvt Ltd
Mahendra Jain and Mangilal Jain are mutual person
Charges (Loans)
Open Charges
₹35.24 M
Satisfied Charges
₹52.00 M
Charges Breakdown by Lending Institutions
- Others : 3.52 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Oct 2017 | Others | ₹3.52 Cr | Open |
| 13 Aug 2015 | Tata Capital Financial Services Limited | ₹3.00 Cr | Satisfied |
| 17 Feb 2012 | Oriental Bank Of Commerce | ₹1.40 Cr | Satisfied |
| 30 Jan 2004 | Indian Overseas Bank | ₹8.00 M | Satisfied |
How Many Employees Work at Starol Petroleum?
Unlock and access historical data on people associated with Starol Petroleum, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Starol Petroleum, 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 Starol Petroleum'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.
Latest Updates, News, and FAQs on Starol Petroleum
Recent activity within the organization
- Annual General Meeting
Starol Petroleum Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Starol Petroleum Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Mangilal Khimraj Jain was appointed as a Director Appointed In Casual Vacancy was appointed as a Director Appointed In Casual Vacancy on 05 Mar 2024 & has been associated with this company since 1 year 23 days .
- Charges
A charge registered on 13 Aug 2015 via Charge ID 10590341 with Tata Capital Financial Services Limited was fully satisfied on 21 Dec 2017.
- Charges
A charge with Others amounted to Rs. 35.24 M with Charge ID 100173572 was registered on 31 Oct 2017.
- Charges
A charge registered on 17 Feb 2012 via Charge ID 10341517 with Oriental Bank Of Commerce was fully satisfied on 03 Sep 2015.
Frequently asked questions
What is the Incorporation or founding date of Starol Petroleum Limited?
Starol Petroleum Limited was incorporated on 12 Aug 1997.
What is authorized share capital and paid-up capital of Starol Petroleum Limited?
The authorized share capital of Starol Petroleum Limited is ₹ 5.00 M and paid-up capital is ₹ 4.63 M.
Who are the current board members & directors of Starol Petroleum Limited?
Currently 3 directors are associated with Starol Petroleum Limited.
- Mahendra Mangilal Jain
- Mangilal Khimraj Jain
- Lata Hemant Jain
What is the registered address of Starol Petroleum Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Starol Petroleum Limited is 431 B-Wing Orchard Road Mall Survey No 169 Royal Palm Aarey Milk Colony, Goregoan East India, Mumbai, Maharashtra, 400065.
What is the corporate identification number (CIN) and company number of Starol Petroleum Limited?
The corporate identification number (CIN) of Starol Petroleum Limited is U23200MH1997PLC110030 and the company number is 110030 as per Ministry of Corporate Affairs (MCA).
What is the official website of Starol Petroleum Limited?
The Official website of Starol Petroleum Limited is https://www.starolpetroleum.com
What has been the recent revenue trend for Starol Petroleum Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Starol Petroleum Limited has risen by 10.52%.
What change has been observed in the net worth of Starol Petroleum Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Starol Petroleum Limited has experienced an upsurge of 4.52%.
What are the total open charges for Starol Petroleum Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Starol Petroleum Limited amount to ₹ 3.52 Cr.
When was the last Balance Sheet of Starol Petroleum Limited filed with the ROC?
The most recent Balance Sheet for Starol Petroleum Limited was filed with the ROC on 31 Mar 2024.
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