About Prosimet (India) Private Limited
Data last updated:
Prosimet (India) Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India, a subsidiary of M/S. Prosimet Spa. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 20 November 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U24294AP1998PTC069153. Its GSTIN is 37AADCP4873C1ZE (Andhra Pradesh).
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹15.72 Cr. It is led by directors including Guido Rinaldini and Giorgio Luigi Faravelli.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Shed No.B1 & B2 Aie Pedagantayada, Visakhapatnam, Andhra Pradesh, India – 530044.
As per the financials filed for FY 2023, the company reported a revenue of ₹35,165, a decline of 21% compared to the previous year. For the same year it recorded a net loss of ₹36.47 Lakh and EBITDA of -₹27.7 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 42% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company has 5 deals on record (3 funding rounds, 2 rights issues), with disclosed funding of ₹6.86 Cr; the latest was in February 2021.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website prosimet.in.
CIN History of Prosimet (India) Private Limited
Prosimet (India) has one previous CIN (Corporate Identification Number): U24294TN1998PTC041449. The current CIN is U24294AP1998PTC069153, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24294AP1998PTC069153 | Current |
| U24294TN1998PTC041449 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressShed No.B1 & B2 Aie Pedagantayada, Visakhapatnam, Andhra Pradesh, India – 530044
- IndustryChemicals and Materials, Industrial Chemicals
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Financials of Prosimet (India) Private Limited FY 2024 filings available
Prosimet (India) Private Limited reported revenue of ₹35,165 (down 21% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Prosimet (India) Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 42% over five years, including a 21% fall in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Prosimet (India) Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹35,165 | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹27.7 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹36.47 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Prosimet (India) Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Prosimet (India) are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Prosimet (India) Private Limited
Prosimet (India) has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Guido Rinaldini | Director | 01 Apr 2014 | 12 Years 6 Months | Current |
| Giorgio Luigi Faravelli | Director | 09 Jan 2014 | 12 Years 9 Months | Current |
| Chapal Bhaskar | Director | 11 Oct 2018 | 8 Years 0 Months | Current |
Auditor Details of Prosimet (India) Private Limited
Prosimet (India) Private Limited is audited by G R Kumar & Co Llp for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G R Kumar & Co Llp | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Prosimet (India) Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Prosimet (India) Private Limited
Prosimet (India) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Prosimet (India) Private Limited
Prosimet (India) Private Limited has 5 deals on record (3 funding rounds, 2 rights issues), with disclosed funding of ₹6.86 Cr; the latest was in February 2021.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Rights issue | ₹34.3 Lakh | Investors: an individual |
| Oct 2014 | Rights issue | ₹6.52 Cr | Investors: an individual |
| Sep 2013 | Funding round | ₹2.15 Cr | Investors: an individual |
| Apr 2009 | Funding round | ₹2.85 Cr | Investors: 2 individuals |
| Mar 2007 | Funding round | ₹1.86 Cr | Investors: an individual |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Prosimet (India) Private Limited
Prosimet (India) Private Limited has a workforce of 2 employees as of Apr 02, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Prosimet (India) Private Limited
Prosimet (India) Private Limited has 12 board changes on record since 2007: 3 appointments and 9 cessations. The latest: Chapal Bhaskar ceased to be Additional Director on 30 Sep 2019.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Prosimet (India) Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Prosimet (India) Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Prosimet (India) Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Prosimet (India) Private Limited
Prosimet (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AADCP4873C1ZE | Andhra Pradesh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Prosimet (India) Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Prosimet (India) Private Limited
Prosimet (India) is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 20 November 1998 (28+ years old) and is registered under CIN U24294AP1998PTC069153.
Prosimet (India) reported revenue of ₹35,165 for FY 2023 (down 21% YoY).
Prosimet (India) has 3 current directors:
- Guido Rinaldini - Director
- Giorgio Luigi Faravelli - Director
- Chapal Bhaskar - Director
Prosimet (India) reported a net loss of ₹36.47 Lakh and EBITDA of -₹27.7 Lakh for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Prosimet (India) is 19% over three years and -42% over five years. In the latest year (FY 2023) revenue fell 21%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Prosimet (India) is 37AADCP4873C1ZE, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Prosimet (India) is U24294AP1998PTC069153. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prosimet (India) was incorporated on 20 November 1998, making it 28+ years old. It is registered with the Registrar of Companies, Vijayawada.
Prosimet (India) has 5 deals on record (3 funding rounds, 2 rights issues), with disclosed funding of ₹6.86 Cr; the latest was in February 2021.
Chapal Bhaskar ceased to be Additional Director on 30 Sep 2019. Chapal Bhaskar was appointed as Director on 11 Oct 2018. Prabhakar Sastry Gadepalli ceased to be Director on 11 Oct 2018. Prosimet (India) has 12 board changes on record in total.