About Procoat Specialities Private Limited
Data last updated:
Procoat Specialities Private Limited was a private limited company based in Rajkot, Gujarat, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 19 September 2003.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36999GJ2003PTC042936. Its GSTIN is 24AADCP0391H1ZM (Gujarat). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was led by directors Rajivkumar Valjibhai Patel (Managing Director) and Nitaben Rajivkumar Patel (Whole-Time Director).
Its last annual general meeting (AGM) was held on 05 May 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 202 Kruti Commercial Complex 2nd Floor Opp. Jai Ganesh Auto 150 Feet Ring Road, Rajkot, Gujarat, India – 360005.
As per the financials filed for FY 2024, the company reported a revenue of ₹35.24 Lakh, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹3.54 Lakh (net margin 10%) and EBITDA of ₹9.8 Lakh (EBITDA margin 27.8%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 36% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Procoat Specialities. As per MCA filings, the company has satisfied charges of ₹35 Lakh on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending.
The last known website on record is procoat-india.com.
Company details
Contact details
Procoat Specialities Private Limited's registered office is in Rajkot, Gujarat. Its website is procoat-india.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address202 Kruti Commercial Complex 2nd Floor Opp. Jai Ganesh Auto 150 Feet Ring Road, Rajkot, Gujarat, India – 360005
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Procoat Specialities 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
Procoat Specialities operates one associated brand: Procoat Specialities. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of industrial protective coatings and corrosion protection services. | procoat-india.com |
Business activity
The main business activities of Procoat Specialities are trade and manufacturing. In detail, this covers wholesale trading and metal and metal products. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Procoat Specialities Private Limited, buy the company report.
Financials of Procoat Specialities Private Limited
FY 2024 filings availableProcoat Specialities Private Limited reported revenue of ₹35.24 Lakh (up 12% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 12% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 36%. EBITDA rose 715% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹9.8 Lakh | ||||
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| Net Profit (PAT) | ₹3.54 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 27.8% | ||||
| Net Profit Margin | 10% | ||||
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To see the full financial statements and ratios of Procoat Specialities Private Limited, buy the company report.
Board of directors of Procoat Specialities Private Limited
Procoat Specialities has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitaben Rajivkumar Patel Also directs: Procoat Specialities LLP | Whole-Time Director | 23 Sep 2003 | 23 Years 1 Months | As last reported |
| Rajivkumar Valjibhai Patel Also directs: Procoat Specialities LLP | Managing Director | 19 Sep 2003 | 23 Years 1 Months | As last reported |
Shareholding
The shareholding of Procoat Specialities Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Procoat Specialities Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2009 | 10189503 | Hdfc Bank Limited | ₹35 Lakh | Satisfied |
To see the full charge records of Procoat Specialities Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Procoat Specialities Private Limited has 2 court cases on record: 1 filed by Procoat Specialities, 1 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Court case (SPCS) | Filed by the company against individuals | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Procoat Specialities 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Procoat Specialities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Procoat Specialities Private Limited has a workforce of 1 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Procoat Specialities has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCP0391H1ZM | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Procoat Specialities Private Limited, buy the company report.
Recent activity
Procoat Specialities Private Limited has 6 board changes on record since 2003: 4 appointments and 2 cessations. The latest: Monish Rajivkumar Patel ceased to be Director on 30 Jun 2018.
Frequently asked questions
Procoat Specialities has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Procoat Specialities was a private limited company based in Rajkot, Gujarat, India. The company worked in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 19 September 2003 and is registered under CIN U36999GJ2003PTC042936. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Procoat Specialities is U36999GJ2003PTC042936. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Procoat Specialities had 2 directors:
- Rajivkumar Valjibhai Patel - Managing Director
- Nitaben Rajivkumar Patel - Whole-Time Director
Procoat Specialities was incorporated on 19 September 2003. It is registered with the Registrar of Companies, Ahmedabad.
Procoat Specialities can be reached through the website procoat-india.com. Its registered office is in Rajkot, Gujarat, India.
The registered office of Procoat Specialities is at 202 Kruti Commercial Complex 2nd Floor Opp. Jai Ganesh Auto 150 Feet Ring Road, Rajkot, Gujarat, India – 360005.
The latest financial statements of Procoat Specialities on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 05 May 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Procoat Specialities is 24AADCP0391H1ZM, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Procoat Specialities operated in the metals and minerals industry, in the metal manufacturing and processing segment.
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