Promoter holding
64.27%
OS
Ocean Sparkle Limited - Due diligence report
A 360° intelligence report on Oceansparkle: trust score, financial health, credit view, compliance, directors, growth and distress signals -…
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Oceansparkle — 360° Intelligence Report
Generated from MCA filings & public records84/100
Trust Score
Low Risk
Oceansparkle is assessed as Low Risk with a Trust Score of 84/100. Oceansparkle is an active public limited indian non-government company incorporated in 1995, operating in the Transport and Logistics sector. 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 25 Jun 2026 from the latest processed filings. Ocean Sparkle Limited 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
84/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
62/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A1).
Charges position: 2 open (201.64 cr) · 50 satisfied (1,847.57 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 14 | 48.0 cr |
| Hdfc Bank Limited | 11 | 48.0 cr |
| Axis Bank Limited | 9 | 48.0 cr |
| Yes Bank Limited | 5 | 48.0 cr |
| Others | 3 | 48.0 cr |
| International Finance Corporation | 2 | 48.0 cr |
Compliance Score: 62/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 4 court forum(s).
- 3 auditor resignation(s) filed - latest: S. B. Billimoria & Co. LLP on 2023-08-16.
- Delayed payments to MSME suppliers disclosed (17 disclosure(s)).
- 14 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 85/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| JAY HIMATLAL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| UNMESH MADHUSUDAN ABHYANKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AVINASH ROHIT PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Giriraj Somani | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRANAV SEVANTILAL VORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HIREN DHIRAJ SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DIPTI YOGESH SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Sailesh Srivatsav Saripalli | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 directors on the board.
- No disqualified or deactivated DINs.
- 1 director exit(s) in the last 3 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
The Adani Harbour Services Limited
Subsidiaries
3
Group entities
3
Capital events
11 allotment(s) · 1 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Sea Sparkle Harbour Services Limited | Subsidiary Company | 74.00% |
| Sparkle Overseas Pte Limited, Singapore | Subsidiary Company | 74.00% |
| Sparkle Port Services Limited | Subsidiary Company | 74.00% |
| Sparkle Terminal And Towage Services Limited | Subsidiary Company | 74.00% |
| The Adani Harbour Services Limited | Holding Company | 74.00% |
Key managerial personnel: AVINASH ROHIT PATEL (CFO) · Giriraj Somani (CFO) · HIREN DHIRAJ SHAH (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 65 · Distress 90
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 30+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
2 open charge(s) registered - assets are encumbered.
3 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 1.02 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence77/100
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 assessment87/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 2 open charge(s) of 201.64 cr already registered.
- Compliance gaps should be priced into terms.
Investor view80/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events28 Jul 2025
Director appointed
Giriraj Somani (CFO)
23 Jun 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
10 Apr 2024
Director appointed
Sailesh Srivatsav Saripalli (Company Secretary)
21 Jul 2023
Director ceased
PRANAV SEVANTILAL VORA
29 May 2023
Director appointed
AVINASH ROHIT PATEL (CFO)
31 Mar 2023
Director ceased
RAMAKRISHNA VUPPULURI
17 Jan 2023
Charge satisfied
Others
12 Jan 2023
Securities allotted
2150000 Debentures - 21.50 cr raised
17 Nov 2022
Charge satisfied
Hdfc Bank Limited
28 Oct 2022
Director appointed
PRANAV SEVANTILAL VORA (Director)
10 Aug 2022
Director ceased
JAY HIMATLAL SHAH
Director ceased
UNMESH MADHUSUDAN ABHYANKAR
Director ceased
DIPTI YOGESH SHAH
03 Aug 2022
Charge satisfied
Axis Bank Limited
10
Key Observations
Auto-generated from the data aboveRevenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
Net worth is positive.
8 active director(s) / partner(s); board looks stable and experienced.
14 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 3 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A1 from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling 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 11 security allotment(s) - amounts available in the full report.
4 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Dart Global Logistics Private Limited | U52599TN1992PTC023124 | Chennai, Tamil Nadu, India |
| Eusu Logistics India Private Limited | U74999MH2012FTC237649 | Mumbai, Maharashtra, India |
| Rhenus | U63090MH2006PTC160859 | Mumbai, Maharashtra, India |
| Adani Petronet (Dahej) Port Limited | U63012GJ2003PLC041919 | Ahmedabad, Gujarat, India |
| Spj Cargo Private Limited | U63013DL2003PTC121227 | New Delhi, Delhi, India |
| Vishal Shipping Agencies Private Limited | U63090MH2003PTC138660 | Mumbai, Maharashtra, India |
| Lancer Container Lines | L74990MH2011PLC214448 | Navi Mumbai, Maharashtra, India |
| Saroj Commodities Private Limited | U10101WB2003PTC095626 | Kolkata, West Bengal, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Oceansparkle before audits and certifications: compliance score 62/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Oceansparkle: 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: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 65/100, margin trends, ownership structure and peer set for Oceansparkle - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 84/100, distress signals and MSME payment-delay disclosures - know whether Oceansparkle pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Oceansparkle - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Oceansparkle an active company?
Oceansparkle has MCA status “Active” with a compliance score of 62/100 (Moderate).
Is Oceansparkle financially healthy?
Oceansparkle has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Oceansparkle?
Its overall Trust Score is 84/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Oceansparkle?
The ultimate holding entity is The Adani Harbour Services Limited. 8 active director(s) are on record.
Does Oceansparkle have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 50 earlier charge(s) stand satisfied.
Is Oceansparkle up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 62/100 (Moderate).
Is it risky to lend to Oceansparkle?
Its Credit Risk Score is 95/100 (Low Risk). Banker verdict: Favourable lending indicators.
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.
