Firestar International Limited - Due diligence report

A 360° intelligence report on Firestar International Limited: trust score, financial health, credit view, compliance, directors, growth and …

2004-04-01 Mumbai, Maharashtra Under Liquidation Unlisted Active Non-Compliant
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Firestar International Limited — 360° Intelligence Report

Generated from MCA filings & public records
53/100
Trust Score
Moderate

Firestar International Limited is assessed as Moderate with a Trust Score of 53/100. Firestar International Limited is a public limited indian non-government company incorporated in 2004, operating in the Consumer Goods sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.

Report generated on 04 Aug 2026 from the latest processed filings. Firestar International Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Caution

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 & explainable
Trust ScoreModerate
53/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
45/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Consolidated · 2 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores 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: 50/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (D).

Charges position: 3 open (3,726.00 cr) · 68 satisfied (4,393.21 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 48.0 cr
Canara Bank (Lead Bank) And 10 Others2 48.0 cr
Pnb Investment Services Limited1 48.0 cr
Punjab National Bank14 48.0 cr
Vijaya Bank4 48.0 cr
Central Bank Of India2 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Under Liquidation" - not Active.
  • Marked ACTIVE non-compliant (INC-22A).
  • Last balance sheet is for Mar 2017 - filings overdue.
  • Flagged by authority: BANKS, EPFO, NCLT.
  • Litigation present in 3 court forum(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
NIRAV DEEPAK MODI 01234567 Director 01/04/2018 6 yrs Approved
HARESH VRAJLAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
ANGELINA NGUYEN 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • HARESH VRAJLAL SHAH has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2017 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
2
Group entities
2
Capital events
15 allotment(s) · 0 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Central Park Real Estate Llc, U.s.a. Subsidiary Company 74.00%
Firestar Diamond And Jewelry Fzco, U.a.e. Subsidiary Company 74.00%
Firestar Diamond Bvba, Belgium Subsidiary Company 74.00%
Firestar Diamond Fze, U.a.e. Subsidiary Company 74.00%
Firestar Diamond International Private Limited Subsidiary Company 74.00%
Firestar Diamond International, Inc. , U.s.a. Subsidiary Company 74.00%
Firestar Diamond Limited, Hong Kong Subsidiary Company 74.00%
Firestar Diamond Llc, Armenia Subsidiary Company 74.00%
Firestar Diamond Ltd., Russia Subsidiary Company 74.00%
Firestar Group, Inc., U.s.a. Subsidiary Company 74.00%

Key managerial personnel: HARESH VRAJLAL SHAH (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 45
Growth signals & trust indicators
Steady revenue growth: +1.42 over 1 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
EPFO headcount growing - hiring signal.
Operating for 22+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Outside liabilities up 38% in a year.
Statutory filings appear overdue.
Adverse company status: Under Liquidation.
Compliance score is weak (5/100).
3 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence31/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment51/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 3,726.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view83/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 6 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
07 Feb 2018
Director ceased
SANJAY RISHI
05 Feb 2018
Director ceased
RAVI SHANKER GUPTA
Director ceased
SURESH CHANDRA SENAPATY
15 Dec 2017
Securities allotted
60973570 Equity Shares Without Differential Rights - 60.97 cr raised
06 Oct 2017
Securities allotted
2173108 Equity Shares Without Differential Rights - 110.89 cr raised
30 Sep 2017
Last AGM held
Annual general meeting
28 Sep 2017
Securities allotted
5795167 Equity Shares Without Differential Rights - 295.73 cr raised
31 Mar 2017
Latest balance sheet
Filed with ROC
01 Feb 2017
Securities allotted
5397609 Equity Shares Without Differential Rights - 270.96 cr raised
06 Jan 2017
Director appointed
ANGELINA NGUYEN (Director)
06 Dec 2016
Director ceased
GAUTHAM MUKKAVILLI
29 Aug 2016
Director ceased
SHYAMSUNDER VASHUMAL WADHWA
16 Mar 2016
Securities allotted
11380882 Equity Shares Without Differential Rights - 154.78 cr raised
12 Feb 2016
Director ceased
HARESH VRAJLAL SHAH
05 Feb 2016
Charge satisfied
Canara Bank (Lead Bank) And 10 Others
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 1 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
3 active director(s) / partner(s); review board churn before relying on management continuity.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of D from Indiarating.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2017 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 15 security allotment(s) - amounts available in the full report.
4 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Sanghavi Exports International Private Limited U36911MH2007PTC170013 Mumbai, Maharashtra, India
Trinetracement L99999TN1987PLC082730 Chennai, Tamil Nadu, India
Positive Packaging U74952MH1994FLC078296 Mumbai, Maharashtra, India
Nakshatra U01100MH1995PLC095425 Mumbai, Maharashtra, India
Gitanjaligroup U36910MH2004PLC146406 Mumbai, Maharashtra, India
Firestar Diamond International Private Limited U51909MH2006PTC164429 Mumbai, Maharashtra, India
Honda Motor India Private Limited U34102UP2006FTC032370 Greater Noida, Uttar Pradesh, India
Gitanjali Gems L36911MH1986PLC040689 Mumbai, Maharashtra, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Firestar International Limited before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Firestar International Limited: 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 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Firestar International Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 53/100, distress signals and MSME payment-delay disclosures - know whether Firestar International Limited 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 Firestar International Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Firestar International Limited an active company?

Firestar International Limited has MCA status “Under Liquidation” with a compliance score of 5/100 (Caution Indicated).

Is Firestar International Limited financially healthy?

Firestar International Limited has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Firestar International Limited?

Its overall Trust Score is 53/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Firestar International Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Firestar International Limited have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 68 earlier charge(s) stand satisfied.

Is Firestar International Limited up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Firestar International Limited?

Its Credit Risk Score is 50/100 (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.