Promoter holding
64.27%
BD
Bharat Diamond Bourse - Due diligence report
A 360° intelligence report on Star Rays: trust score, financial health, credit view, compliance, directors, growth and distress signals - ge…
Full Due-Diligence Report + Documents
- Unlock all financial figures & 5-year trends
- Full trust, health & credit-risk scores
- Director details, charges & MCA documents
₹700
₹449
Save ₹251
excl. GST
Or from ₹279/report with credits
View credit packages
Company Credits – Starter
- One credit unlocks this full due-diligence report
- Use across any company’s report, anytime
- Credits valid for 12 months
Choose your own credit amount
View credit packages
Star Rays — 360° Intelligence Report
Generated from MCA filings & public records80/100
Trust Score
Low Risk
Star Rays is assessed as Low Risk with a Trust Score of 80/100. Star Rays is an active public not for profit company incorporated in 1984, operating in the Consumer Goods sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.
Report generated on 06 Aug 2026 from the latest processed filings. Bharat Diamond Bourse snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreLow Risk
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 60/100 Moderate
- Negative operating earnings - debt service depends on external support.
- No open charges - unencumbered balance sheet.
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 2 satisfied (80.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Corporation Bank | 1 | 48.0 cr |
| State Bank Of India | 1 | 48.0 cr |
Compliance Score: 50/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: DRT.
- Litigation present in 3 court forum(s).
- 1 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MAHESHBHAI PREMAJIBHAI VAGHANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SURESH CHIMANLAL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANUP PRAVIN ZAVERI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANOOP VRAJLAL MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KIRAN KANTILAL GANDHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMNIKLAL PREMCHAND SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRAKASH CHANDULAL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Denish Harilal Shah | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PARESH RAMNIKLAL MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAY KETAN PARIKH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAGDISHKUMAR BABULAL SOMANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Sonal Sunil Sharma | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHARTI SHRENIK MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SAKET SUDHIR MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| LALITKUMAR SEVANTILAL SHETH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SURENDRAKUMAR DASSANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARUNBHAI CHIMANLAL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JASVANT AMRUTLAL PARIKH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MILAN KAVIN PARIKH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MEHUL NAVINCHANDRA SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 22 directors on the board.
- No disqualified or deactivated DINs.
- 3 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2023 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
48 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| India Diamond Trading Centre | Joint Ventures | 74.00% |
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 60 · Distress 90
Growth signals & trust indicators
Profit expanded 38% year-on-year.
Net margin improved to 1.42.
EPFO headcount growing - hiring signal.
Operating for 41+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (50/100).
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence71/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment66/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view76/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events25 Sep 2025
Director appointed
Denish Harilal Shah (Director)
04 Sep 2025
Last AGM held
Annual general meeting
03 Sep 2025
Director ceased
SAKET SUDHIR MEHTA
31 Mar 2025
Latest balance sheet
Filed with ROC
03 Oct 2024
Director appointed
SAKET SUDHIR MEHTA (Director)
26 Apr 2024
Director appointed
Sonal Sunil Sharma (Company Secretary)
Director appointed
Kalishchandra Mishra (Cfo)
06 Sep 2023
Director appointed
SURENDRAKUMAR DASSANI (Director)
Director appointed
ARUNBHAI CHIMANLAL SHAH (Director)
Director ceased
JITENDRA KIRTILAL BHANSALI
03 Sep 2023
Director ceased
ROHIT MAHASUKHLAL SHAH
20 Sep 2022
Director ceased
SURENDRAKUMAR DASSANI
19 Sep 2022
Director ceased
KUMAR MEHTA RASIKLAL
05 Oct 2021
Director ceased
VINODLAL DHUDALAL SHAH
28 Dec 2020
Director ceased
VIVEK SUNIL MEHTA
10
Key Observations
Auto-generated from the data aboveRevenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Net worth is positive.
20 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 2 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 48 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| The Salvation Army | U74999MH1953NPL009106 | Mumbai, Maharashtra, India |
| Wardwizard Solutions India Private Limited | U74900GJ2016PTC086439 | Vadodara, Gujarat, India |
| Evalueserve Sez (Gurgaon) Private Limited | U45400DL2007PTC171508 | New Delhi, Delhi, India |
| Nel Holdings | L93000KA2004PLC033412 | M G Road, Karnataka, India |
| Jai Auto Private Limited | U74899DL1978PTC009325 | Delhi, Delhi, India |
| Shivansh Offshore And Marine Services Private Limited | U74110MH2018PTC318540 | Mumbai, Maharashtra, India |
| Deepali Designs & Exhibits | U93290DL1992PTC050538 | Delhi, Delhi, India |
| Rimini Street | U74120TG2012FTC083723 | Hyderabad, Telangana, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Star Rays before audits and certifications: compliance score 50/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Star Rays: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 60/100, margin trends, ownership structure and peer set for Star Rays - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Star Rays pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Star Rays - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Star Rays an active company?
Star Rays has MCA status “Active” with a compliance score of 50/100 (Moderate).
Is Star Rays financially healthy?
Star Rays has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Star Rays?
Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Star Rays?
Promoters hold a minority stake - exact percentages are in the full report. 20 active director(s) are on record.
Does Star Rays have loans or charges against its assets?
No open charges - all 2 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Star Rays up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 50/100 (Moderate).
Is it risky to lend to Star Rays?
Its Credit Risk Score is 60/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
