Gol Offshore Limited - Due diligence report

A 360° intelligence report on Goloffshore: trust score, financial health, credit view, compliance, directors, growth and distress signals - …

2005-07-14 Mumbai, Maharashtra Under Liquidation Listed Active Non-Compliant
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GO Gol Offshore Limited
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Goloffshore — 360° Intelligence Report

Generated from MCA filings & public records
32/100
Trust Score
Caution Indicated

Goloffshore is assessed as Caution Indicated with a Trust Score of 32/100. Goloffshore is a public limited indian non-government company incorporated in 2005, operating in the Energy and Power sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.

Report generated on 08 Aug 2026 from the latest processed filings. Gol Offshore Limited snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong Weak
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 ScoreCaution Indicated
32/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
20/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
25/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
25/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Consolidated · 3 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: 25/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Externally credit-rated (D).

Charges position: 45 open (6,654.83 cr) · 34 satisfied (3,897.05 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Dvb Group Merchant Bank (Asia) Ltd14 48.0 cr
Axis Bank Limited2 48.0 cr
Others6 48.0 cr
Dvb Group Merchant Bank (Asia) Ltd.2 48.0 cr
Punjab National Bank2 48.0 cr
Natixis3 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 2016 - filings overdue.
  • Flagged by authority: BANKS, NSE, NSDL.
  • Litigation present in 3 court forum(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
VINESH NARANDAS DAVDA 01234567 Director 01/04/2018 6 yrs Approved
PRAKASHCHANDRA KAPOOR 01234567 Director 01/04/2018 6 yrs Approved
VIJAY KUMAR 01234567 Director 01/04/2018 6 yrs Approved
PERCY ADI DOCTOR 01234567 Director 01/04/2018 6 yrs Approved
PRAKASHCHANDRA KAPOOR 01234567 Director 01/04/2018 6 yrs Approved
MAMTA ROHIT PURI 01234567 Director 01/04/2018 6 yrs Approved
RAMNATH SHARMA 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • VIJAY KUMAR has DIN status "Disqualified by RoC u/s 164(2)".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2016)
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 2016 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
6
Group entities
8
Capital events
4 allotment(s) · 0 transfer(s)

Promoters hold the largest single block of equity - exact percentages are part of the full report.

Group entityRelationship% held
Deep Water Services (india) Limited Subsidiary Company 74.00%
Deep Water Services (international) Limited Subsidiary Company 74.00%
Dws Offshore Drilling Limited Subsidiary Company 74.00%
Dws Offshore Services Limited Subsidiary Company 74.00%
Glory Shipping Private Limited Subsidiary Company 74.00%
Gol Offshore Fujairah, L.l.c , Fze Subsidiary Company 74.00%
Gol Offshore Marshall Islands Limited Subsidiary Company 74.00%
Gol Salvage Services Limited Subsidiary Company 74.00%
Gol Ship Repairs Limited Subsidiary Company 74.00%
Great Offshore (international) Limited Subsidiary Company 74.00%

Key managerial personnel: PRAKASHCHANDRA KAPOOR (CEO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 25
Growth signals & trust indicators
Operating for 21+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Statutory filings appear overdue.
Adverse company status: Under Liquidation.
Compliance score is weak (5/100).
45 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 diligence19/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 4 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment18/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 45 open charge(s) of 6,654.83 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view31/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
23 Mar 2018
Director ceased
VARIKA RASTOGI
09 Aug 2017
Director ceased
RAMNATH SHARMA
14 Jun 2017
Director ceased
PERCY ADI DOCTOR
30 May 2017
Director ceased
MAHESH PRASAD MEHROTRA
24 Apr 2017
Director ceased
VINESH NARANDAS DAVDA
28 Feb 2017
Director ceased
KAILASH CHANDRA GUPTA
14 Dec 2016
Director ceased
MAMTA ROHIT PURI
20 Oct 2016
Charge satisfied
The Hongkong And Shanghai Banking Corporation Limited
09 Sep 2016
Securities allotted
644609 Equity Shares Without Differential Rights - 2.82 cr raised
23 Aug 2016
Securities allotted
40987704 Equity Shares Without Differential Rights - 179.57 cr raised
29 Apr 2016
Director ceased
NAVIN PRAMOD JOSHI
31 Mar 2016
Latest balance sheet
Filed with ROC
29 Feb 2016
Charge created
Phoenix Arc Private Limited - 117.86 cr
08 Jan 2016
Charge created
Idbi Bank Limited - 46.00 cr
18 Dec 2015
Charge created
L & T Infrastructure Finance Company Limited - 4.75 cr
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 2 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
7 active director(s) / partner(s); review board churn before relying on management continuity.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of D from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2016 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 4 security allotment(s) - amounts available in the full report.
23 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Model Infratec Private Limited U27203WB2002PTC095418 Howrah, West Bengal, India
Maa Samaleswari Iron & Steel Company Private Limited U27310OR2008PTC010176 Bhubaneswar, Orissa, India
Gol Salvage Services Limited U71120AP2002PLC027001 Kakinada, Andhra Pradesh, India
Manmath Resources Private Limited U74950OR2009PTC011390 Keonjhar, Orissa, India
S I Works Quarry Private Limited U14109GJ1940PTC000338 Ahmedabad, Gujarat, India
M B Stone Private Limited U26960GJ1996PTC030716 Ahmedabad, Gujarat, India
Kei-Rsos Maritime Limited U61100AP1999PLC032961 Kakinada, Andhra Pradesh, India
Mahavir Benefication Private Limited U36109DL2008PTC179475 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Goloffshore 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 Goloffshore: 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: Enhanced diligence advised. Credit risk score 25/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Goloffshore - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 32/100, distress signals and MSME payment-delay disclosures - know whether Goloffshore 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 Goloffshore - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Goloffshore an active company?

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

Is Goloffshore financially healthy?

Goloffshore has a Financial Health Score of 20/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Goloffshore?

Its overall Trust Score is 32/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Goloffshore?

Promoters hold the largest single block of equity - exact percentages are in the full report. 7 active director(s) are on record.

Does Goloffshore have loans or charges against its assets?

45 open charge(s) are registered against its assets, and 34 earlier charge(s) stand satisfied.

Is Goloffshore 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 Goloffshore?

Its Credit Risk Score is 25/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

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.