Msrdc Sea Link Limited - Due diligence report

A 360° intelligence report on Msrdc Sea Link Limited: trust score, financial health, credit view, compliance, directors, growth and distress…

2018-10-09 Bandra (West) Mumbai, Maharashtra Active Unlisted
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MS Msrdc Sea Link Limited
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Msrdc Sea Link Limited — 360° Intelligence Report

Generated from MCA filings & public records
63/100
Trust Score
Moderate

Msrdc Sea Link Limited is assessed as Moderate with a Trust Score of 63/100. Msrdc Sea Link Limited is an active public limited state government company incorporated in 2018, operating in the Infrastructure and Utilities sector. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and high financial risk profile.

Report generated on 21 Jul 2026 from the latest processed filings. Msrdc Sea Link Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Strong

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
63/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
86/100
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
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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.

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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: 45/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Externally credit-rated (A).

Charges position: 2 open (1,749.99 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Sbicap Trustee Company Limited1 48.0 cr
Others1 48.0 cr
Compliance Score: 86/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 2 court forum(s).
  • 2 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 75/100
NameDIN / PANDesignationAppointedTenureDIN status
Rajesh Bhagwan Patil 01234567 Director 01/04/2018 6 yrs Approved
NARESH JALANDAR DHANDORE 01234567 Director 01/04/2018 6 yrs Approved
VIJAYA VIVEKANAND SHENOY 01234567 Director 01/04/2018 6 yrs Approved
Jyoti 01234567 Director 01/04/2018 6 yrs Approved
Prasad Ravikant Sawant 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • No disqualified or deactivated DINs.
  • 6 director exits in 3 years - high churn.
06

Ownership & Group Intelligence

As per FY 2023 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
Maharashtra State Road Development Corporation Limited
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Maharashtra State Road Development Corporation Limited Holding Company 74.00%

Key managerial personnel: NARESH JALANDAR DHANDORE (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 60
Growth signals & trust indicators
Latest year revenue grew 1.42.
Operating for 7 years.
Active GST registration(s).
Distress signals & risk flags
Negative net worth.
3 director exits within 2 years.
2 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence71/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment48/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 1,749.99 cr already registered.
  • Compliance record supports lending.
Investor view47/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
08 Oct 2025
Director appointed
Prasad Ravikant Sawant (Additional Director)
26 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
06 Feb 2025
Director appointed
Jyoti (Company Secretary)
26 Sep 2024
Director ceased
Rajesh Bhagwan Patil
Director ceased
KAILASH VISHNU JADHAV
Director ceased
MANUJ JINDAL
22 Jan 2024
Director appointed
Rajesh Bhagwan Patil (Director)
08 Jan 2024
Director ceased
RADHESHYAM LAXMANRAO MOPALWAR
28 Sep 2023
Director ceased
VIJAYA VIVEKANAND SHENOY
29 Aug 2023
Director ceased
Prasad Ravikant Sawant
14 Jun 2023
Director appointed
NARESH JALANDAR DHANDORE (CFO)
11 Apr 2023
Director appointed
VIJAYA VIVEKANAND SHENOY (Director)
15 Dec 2022
Director ceased
PRASHANT SHANTIRAPPA AUTI
22 Jul 2022
Director ceased
CHANDRAKANT LAXMANRAO PULKUNDWAR
10

Key Observations

Auto-generated from the data above
Compliance record is strong - status, filings and flags are clean.
5 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A from Icra.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Diu Smart City Limited U74999DD2018PLC009814 Diu, Daman And Diu, India
The Plastics Export Promotion Council U25200MH1955NPL009601 Mumbai, Maharashtra, India
Aurangabad Smart City Development Corporation Limited U93090MH2016SGC286039 Aurangabad, Maharashtra, India
Eepc India U51900WB1955NPL022644 Kolkata, West Bengal, India
Delhi Transport Infrastructure Development Corporation Limited U60210DL2010SGC207119 Delhi, Delhi, India
Ipicol U65993OR1973SGC000585 Bhubaneswar, Orissa, India
Mumbai Pune Expressway Limited U45500MH2018SGC308644 Bandra West, Maharashtra, India
Kridl U75112KA1974SGC002613 Bangalore, Karnataka, India
12

Who Uses This Report

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

Verify Msrdc Sea Link Limited before audits and certifications: compliance score 86/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Msrdc Sea Link 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 60/100, margin trends, ownership structure and peer set for Msrdc Sea Link Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 63/100, distress signals and MSME payment-delay disclosures - know whether Msrdc Sea Link Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Msrdc Sea Link Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Msrdc Sea Link Limited an active company?

Msrdc Sea Link Limited has MCA status “Active” with a compliance score of 86/100 (Low Risk).

Is Msrdc Sea Link Limited financially healthy?

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

Should I do business with Msrdc Sea Link Limited?

Its overall Trust Score is 63/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Msrdc Sea Link Limited?

The ultimate holding entity is Maharashtra State Road Development Corporation Limited. 5 active director(s) are on record.

Does Msrdc Sea Link Limited have loans or charges against its assets?

2 open charge(s) are registered against its assets.

Is Msrdc Sea Link Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 86/100 (Low Risk).

Is it risky to lend to Msrdc Sea Link Limited?

Its Credit Risk Score is 45/100 (Caution Indicated). 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.