Pro Minerals Private Limited
About Pro Minerals Private Limited
Data last updated:
Pro Minerals Private Limited was a private limited company based in Kolkata, West Bengal, India, operated as a subsidiary of Essel Mining & Industries Ltd.. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 21 September 2010.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U13100WB2010PTC153241. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹870 Cr and a paid-up capital of ₹27.9 Cr. It was led by directors including Sanjay Kumar Baid and Tuhin Kumar Mukherjee.
Its last annual general meeting (AGM) was held on 21 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Industry House 18th Floor 10 Camac Street, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2021, the company reported a revenue of ₹64.33 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹53.26 Cr (net margin -82.8%) and EBITDA of -₹5.64 Cr (EBITDA margin -8.8%). Revenue has grown at a compounded annual rate (CAGR) of 314% over three years and 27% over five years.
The company had about 131 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Pro Minerals. As per MCA filings, the company had satisfied charges of ₹594 Cr on record. Court records list 20 cases involving the company, including 9 filed by the company and 11 filed against it; 3 cases are pending.
Company details
Contact details
Pro Minerals Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressIndustry House 18th Floor 10 Camac Street, Kolkata, West Bengal, India – 700017
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Pro Minerals Private Limited, buy the company report.
- 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
Brands
Pro Minerals operates one associated brand: Pro Minerals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Iron ore pelletisation services are provided in the minerals sector. | prominerals.in |
Business activity
The main business activity of Pro Minerals is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Pro Minerals Private Limited, buy the company report.
Financials of Pro Minerals Private Limited
FY 2021 filings availablePro Minerals Private Limited reported revenue of ₹64.33 Cr (up 5488% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years. EBITDA rose 69% 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
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹64.33 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.64 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹53.26 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.8% | ||||
| Net Profit Margin | -82.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Inventory Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Pro Minerals Private Limited, buy the company report.
Board of directors of Pro Minerals Private Limited
Pro Minerals has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Kumar Baid Also directs: Subhadra Coal Mining Limited, Birla Smart Connect Limited | Director | 08 Mar 2019 | 7 Years 7 Months | As last reported |
| Tuhin Kumar Mukherjee | Director | 08 Mar 2019 | 7 Years 7 Months | As last reported |
| Arun Garg | Director | 08 Mar 2019 | 7 Years 7 Months | As last reported |
Auditor
Pro Minerals Private Limited is audited by Singhi & Co. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Singhi & Co. | FY 2021 | 302049E |
Shareholding
The shareholding of Pro Minerals Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pro Minerals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2011 | 10279187 | Bank of Baroda | ₹594 Cr | Satisfied |
To see the full charge records of Pro Minerals Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Pro Minerals Private Limited has 20 court cases on record: 9 filed by Pro Minerals, 11 filed against it. 3 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 9 | 1 |
| NCLT | 2 | 0 | 0 |
| District courts | 1 | 1 | 1 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Court case (OTAPL) | Filed against the company by The Commissioner of CGST and CX, Rourkela | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Bank of Baroda | Pending |
| District court, Sundargarh, Orissa | Court case (1cc) | Filed against the company by M/S Scan Steel Ltd Rep T. Amarnath Chaudhury | Pending |
| High Court, ORISSA | Writ petition | Filed against the company by an individual | Disposed |
| High Court, ORISSA | Writ petition | Filed against the company by an individual | Disposed |
To see the full case history of Pro Minerals Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Pro Minerals Private Limited was last rated by Crisil on 17 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 17 Sep 2020 |
To see the full credit ratings and regulatory alerts of Pro Minerals Private Limited, buy the company report.
MSME payment delays
Pro Minerals Private Limited has 5 MSME Form 1 returns on record between 2019 and 2021, listing 22 overdue payments to 21 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 21)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Aforeserve. Com Limited | |||
| Fox Solutions Private Limited | |||
| Quality Mill Stores | |||
| Clear Edge Filtration India Private Limited | |||
| An Hour Solution Private Limited |
To see the full MSME payment records of Pro Minerals Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Pro Minerals Private Limited has a workforce of 131 employees on its EPFO records as of Jul 05, 2024, across 1 active EPFO establishment.
GST
Pro Minerals has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Pro Minerals Private Limited, buy the company report.
Recent activity
Pro Minerals Private Limited has 14 board changes on record since 2012: 3 appointments and 11 cessations. The latest: Venkat Kiran Ganti ceased to be Manager on 28 Dec 2019.
8 earlier events are in the company report.
Frequently asked questions
Pro Minerals has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Pro Minerals was a private limited company based in Kolkata, West Bengal, India. The company worked in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 21 September 2010 and is registered under CIN U13100WB2010PTC153241. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Pro Minerals was incorporated on 21 September 2010. It is registered with the Registrar of Companies, Kolkata.
Pro Minerals had 3 directors:
- Sanjay Kumar Baid - Director
- Tuhin Kumar Mukherjee - Director
- Arun Garg - Director
The CIN (Corporate Identification Number) of Pro Minerals is U13100WB2010PTC153241. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Pro Minerals is at Industry House 18th Floor 10 Camac Street, Kolkata, West Bengal, India – 700017.
The latest financial statements of Pro Minerals on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 21 September 2021. Year-wise statements from 2015 are in the company report.
No. Pro Minerals has 3 GST registrations on record and all of them are cancelled or inactive.
Pro Minerals operated in the metals and minerals industry, in the mining and mineral extraction segment.
Pro Minerals has 5 MSME Form 1 returns on record between 2019 and 2021, listing 22 overdue payments to 21 micro and small suppliers. The latest return was filed on 13 May 2021.
Pro Minerals has 20 court cases on record: 9 filed by the company and 11 filed against it. 3 are pending. Most are in the high courts.