Sunshine Airlines Limited - Due diligence report

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

2007-01-13 New Delhi, Delhi Active Unlisted
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SA Sunshine Airlines Limited
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Sunshine Airlines Limited — 360° Intelligence Report

Generated from MCA filings & public records
57/100
Trust Score
Moderate

Sunshine Airlines Limited is assessed as Moderate with a Trust Score of 57/100. Sunshine Airlines Limited is an active public limited indian non-government company incorporated in 2007, operating in the Transport and Logistics sector. The company has shown revenue growth 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 moderate financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Sunshine Airlines Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Weak

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
57/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
38/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
60/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
80/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 3 filed year(s)

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

Get full access

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: 80/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 38/100 Caution Indicated
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2021 - filings overdue.
  • Flagged by authority: MCA.
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
TARANVEER SINGH GANDHI 01234567 Director 01/04/2018 6 yrs Approved
SHAHNAJ 01234567 Director 01/04/2018 6 yrs Approved
DIVJOT SINGH GANDHI 01234567 Director 01/04/2018 6 yrs Approved
PREETI GODIYAL 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • SHAHNAJ has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
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
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 55
Growth signals & trust indicators
Revenue acceleration: +1.42 over 2 year(s).
Latest year revenue grew 2.1x.
Operating for 19+ years.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Outside liabilities up 24% in a year.
Statutory filings appear overdue.
Compliance score is weak (38/100).
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence49/100
Review suggested
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 assessment64/100
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 view67/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
15 Feb 2022
Director appointed
PREETI GODIYAL (Additional Director)
30 Nov 2021
Last AGM held
Annual general meeting
19 Sep 2021
Director ceased
RAHUL YOGENDRA JAIN
Director ceased
YOGENDRA AJITKUMAR JAIN
02 Aug 2021
Director appointed
DIVJOT SINGH GANDHI (Additional Director)
Director ceased
ARTI SRIVASTAVA
31 Mar 2021
Latest balance sheet
Filed with ROC
02 Mar 2021
Director ceased
RAKESH SRIVASTAVA
31 Dec 2020
Director ceased
SHAHNAJ
28 Dec 2020
Director appointed
SHAHNAJ (Director)
Director ceased
SIMRAN GANDHI
Director ceased
RAJIV SHARMA
09 May 2018
Director ceased
MOHD IQBAL
Director ceased
ROMESH KUMAR YADAV
Director ceased
SIDDHARTH SINGH
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 2 financial year(s).
Net profit margin moved from 61% to 38%.
Net worth is positive.
4 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
Promoters hold a dominant controlling stake as per the FY 2016 annual return.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Victoria Motors Pvt Ltd U34300WB2006PTC110315 Kolkata, West Bengal, India
Comantra U72900WB2009PTC138510 Kolkata, West Bengal, India
Tribhuvan Markplus Private Limited U74900DL2011PTC228537 New Delhi, Delhi, India
Leewaylogistics U63000HR2010PLC040312 Gurgaon, Haryana, India
12

Who Uses This Report

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

Verify Sunshine Airlines Limited before audits and certifications: compliance score 38/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Sunshine Airlines 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 80/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 80/100, margin trends, ownership structure and peer set for Sunshine Airlines Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 57/100, distress signals and MSME payment-delay disclosures - know whether Sunshine Airlines Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Sunshine Airlines Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Sunshine Airlines Limited an active company?

Sunshine Airlines Limited has MCA status “Active” with a compliance score of 38/100 (Caution Indicated).

Is Sunshine Airlines Limited financially healthy?

Sunshine Airlines Limited has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.

Should I do business with Sunshine Airlines Limited?

Its overall Trust Score is 57/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Sunshine Airlines Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 4 active director(s) are on record.

Does Sunshine Airlines Limited have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Sunshine Airlines Limited up to date with its ROC filings?

Last balance sheet is for Mar 2021 - filings overdue. Overall compliance score: 38/100 (Caution Indicated).

Is it risky to lend to Sunshine Airlines Limited?

Its Credit Risk Score is 80/100 (Low Risk). 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.