Progress Ocean Shipping Private Limited
About Progress Ocean Shipping Private Limited
Data last updated:
Progress Ocean Shipping Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the wholesale distribution segment of the trading and commerce sector. It was incorporated on 05 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2011PTC080022. Its GSTIN is 33AAFCP9856P1ZK (Tamil Nadu).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ahamed Mohideen Sheik Usman Ibrhim (Whole-Time Director) and Habeeb Rahman Muthuibrahim Buhari (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No. 20 Park Circle 3rd Floor Moores Road, Chennai, Tamil Nadu, India – 600006.
As per the financials filed for FY 2019, the company reported a revenue of ₹3.27 Lakh, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹48,562 (net margin -14.9%) and EBITDA of -₹48,562 (EBITDA margin -14.9%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years and 15% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressNo. 20 Park Circle 3rd Floor Moores Road, Chennai, Tamil Nadu, India – 600006
- IndustryTrading, Other Wholesale, Wholesale
- 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
Business Activity of Progress Ocean Shipping Private Limited
The main business activity of Progress Ocean Shipping is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Progress Ocean Shipping Private Limited FY 2019 filings available
Progress Ocean Shipping Private Limited reported revenue of ₹3.27 Lakh (down 1% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Progress Ocean Shipping Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 1% fall in the latest year. EBITDA fell 906% 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 Progress Ocean Shipping Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹48,562 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹48,562 | •••• | •••• | •••• | •••• |
| 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 Progress Ocean Shipping Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -14.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -14.9% | •••• | •••• | •••• | •••• |
| 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 Progress Ocean Shipping 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.
Peer Comparison of Progress Ocean Shipping Private Limited
Progress Ocean Shipping Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Services incidental to land, water & air transportation). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pudo 365 Management System Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Gourav Translogistic Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Intelliship Logistics Private Limited | •••• | •••• | •••• | •••• | - | Noida, Uttar Pradesh, India |
| Sandhya Packers & Movers Private Limited | •••• | •••• | •••• | •••• | - | Ranchi, Jharkhand, India |
| VM Freight Solutions (OPC) Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Progress Ocean Shipping Private Limited this company | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Dream Spirit Travel Private Limited | •••• | •••• | •••• | •••• | - | Amritsar, Punjab, India |
| Transmate Shipping Private Limited | •••• | •••• | •••• | •••• | - | Kottayam, Kerala, India |
| Regency Bulk Cargo Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Uttam Flour Mills Pvt Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Ridhisidhi Logistics Private Limited | •••• | •••• | •••• | •••• | - | Rourkela, Orissa, India |
Peers are the five companies nearest above and the five nearest below Progress Ocean Shipping by revenue in the same principal business activity (Services incidental to land, water & air transportation), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Progress Ocean Shipping Private Limited
Progress Ocean Shipping Private Limited is audited by BURHANUDHEEN AND CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BURHANUDHEEN AND CO | 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.
Board of Directors of Progress Ocean Shipping Private Limited
Progress Ocean Shipping has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ahamed Mohideen Sheik Usman Ibrhim | Whole-Time Director | 05 Apr 2011 | 15 Years 6 Months | Current |
| Habeeb Rahman Muthuibrahim Buhari | Whole-Time Director | 05 Apr 2011 | 15 Years 6 Months | Current |
Ownership and Shareholding of Progress Ocean Shipping 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 Progress Ocean Shipping Private Limited
Progress Ocean Shipping Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Progress Ocean Shipping Private Limited
Employment history and EPFO contributions of people linked to Progress Ocean Shipping.
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 Progress Ocean Shipping Private Limited
Progress Ocean Shipping Private Limited has 6 board changes on record since 2011: 4 appointments and 2 cessations. The latest: Ebrahim Abdul Salam ceased to be Whole-Time Director on 01 Sep 2015.
Credit Ratings, Litigation & Regulatory Alerts for Progress Ocean Shipping 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 Progress Ocean Shipping 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 Progress Ocean Shipping 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 Progress Ocean Shipping Private Limited
Progress Ocean Shipping has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCP9856P1ZK | Tamil Nadu | 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 Progress Ocean Shipping 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 Progress Ocean Shipping Private Limited
Progress Ocean Shipping is an active private limited company based in Chennai, Tamil Nadu, India. The company works in other wholesale, within the trading industry. It was incorporated on 05 April 2011 (15+ years old) and is registered under CIN U74999TN2011PTC080022.
Progress Ocean Shipping reported revenue of ₹3.27 Lakh for FY 2019 (down 1% YoY).
Progress Ocean Shipping has 2 current directors:
- Ahamed Mohideen Sheik Usman Ibrhim - Whole-Time Director
- Habeeb Rahman Muthuibrahim Buhari - Whole-Time Director
Progress Ocean Shipping reported a net loss of ₹48,562 (net margin -14.9%) and EBITDA of -₹48,562 (EBITDA margin -14.9%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progress Ocean Shipping is -45% over three years and -15% over five years. In the latest year (FY 2019) revenue fell 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Progress Ocean Shipping is 33AAFCP9856P1ZK, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Progress Ocean Shipping is U74999TN2011PTC080022. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progress Ocean Shipping was incorporated on 05 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Progress Ocean Shipping by revenue are Pudo 365 Management System Private Limited, Gourav Translogistic Private Limited, Intelliship Logistics Private Limited, Sandhya Packers & Movers Private Limited, VM Freight Solutions (OPC) Private Limited and 5 more, all in the same principal business activity (Services incidental to land, water & air transportation).
Ebrahim Abdul Salam ceased to be Whole-Time Director on 01 Sep 2015. Khaja Alimuddeen ceased to be Whole-Time Director on 31 Mar 2014. Ahamed Mohideen Sheik Usman Ibrhim was appointed as Whole-Time Director on 05 Apr 2011. Progress Ocean Shipping has 6 board changes on record in total.
The registered office of Progress Ocean Shipping is at No. 20 Park Circle 3rd Floor Moores Road, Chennai, Tamil Nadu, India – 600006.