Progressive Exim Limited
About Progressive Exim Limited
Data last updated:
Progressive Exim Limited is a public limited company based in Raipur, Chhattisgarh, India. It operates in the edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 14 September 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U51101CT1998PLC013060. Its GSTIN is 22AACCP2445D1Z0 (Chhattisgarh).
The company has an authorised share capital of ₹3.3 Cr and a paid-up capital of ₹3.27 Cr. It is led by directors including Ameet Kumar Shrishrimal and Sandeep Kumar Shrishrimal.
Its last annual general meeting (AGM) was held on 31 December 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Shanti Sada 1 – Maidan Pathchoubey Colony, Raipur, Chhattisgarh, India – 492001.
As per the financials filed for FY 2018, the company reported a revenue of ₹104.75 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹3.05 Lakh (net margin 0%) and EBITDA of ₹4.77 Cr (EBITDA margin 4.6%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.04 Cr and satisfied charges of ₹107.9 Cr on record. Court records list 31 cases involving the company, including 7 filed by the company and 24 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Progressive Exim Limited's registered office is in Raipur, Chhattisgarh. Its e-mail address is in the company report.
- Email
- Registered AddressShanti Sada 1 – Maidan Pathchoubey Colony, Raipur, Chhattisgarh, India – 492001
- IndustryFood and Beverages, Edible Oils & Cooking Fats
To see the full contact details of Progressive Exim 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
Business activity
The main business activity of Progressive Exim is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Progressive Exim Limited, buy the company report.
Financials of Progressive Exim Limited
FY 2018 filings availableProgressive Exim Limited reported revenue of ₹104.75 Cr (down 12% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over three years, including a 12% fall in the latest year. EBITDA fell 6% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹104.75 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹4.77 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹3.05 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4.6% | |||
| Net Profit Margin | 0% | |||
| 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 | ||||
To see the full financial statements and ratios of Progressive Exim Limited, buy the company report.
Board of directors of Progressive Exim Limited
Progressive Exim has 5 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kusum Devi Shrishrimal | Additional Director | 05 Jun 2020 | 6 Years 4 Months | Current |
| Shankar Lal Beldar | Additional Director | 05 Jun 2020 | 6 Years 4 Months | Current |
| Ameet Kumar Shrishrimal Also directs: As Nutra Tech Private Limited | Director | 11 Feb 2000 | 26 Years 8 Months | Current |
| Sandeep Kumar Shrishrimal | Director | 14 Sep 1998 | 28 Years 1 Months | Current |
| Mahendra Kumar Shrishrimal | Director | 18 Jul 2018 | 8 Years 3 Months | Current |
Auditor
Progressive Exim Limited is audited by A D B & COMPANY for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A D B & COMPANY | FY 2018 | 005593C |
Shareholding
The shareholding of Progressive Exim Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Progressive Exim Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2014 | 10480117 | Reliance Capital Ltd | ₹85.59 Lakh | Open | |
| 05 Feb 2013 | 10412032 | Tata Capital Financial Services Limited | ₹1.33 Cr | Open | |
| 15 Jul 2010 | 10236510 | Tata Capital Limited | ₹85.5 Lakh | Open | |
| 09 Aug 2010 | 10270426 | Idbi Bank | ₹35.5 Cr | Satisfied | |
| 09 Aug 2010 | 10270427 | Idbi Bank Limited | ₹9.4 Cr | Satisfied |
To see the full charge records of Progressive Exim Limited, buy the company report.
Total charge records: 15 View all charges
Legal cases
Progressive Exim Limited has 31 court cases on record: 7 filed by Progressive Exim, 24 filed against it. 2 cases are pending and 29 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 23 | 2 |
| High courts | 4 | 1 | 0 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Reliance Capital Limited | Pending |
| District court, South West, Delhi | Commercial suit | Filed against the company by Dynamic Air and Sea Cargo Pvt Ltd | Disposed |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by M/S Daimler Financial Services India Pvt. Ltd, Rep by Its Legal Executive K. Ramakrishna | Disposed |
| High Court | Writ petition | Filed by the company against Idbi Bank Limited and 4 others | Disposed |
| District court, Jashpur, Chhattisgarh | Criminal case | Filed against the company by Vinod Kumar Jain Agro Exim Pvt.Ltd. | Disposed |
To see the full case history of Progressive Exim 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
Progressive Exim Limited was last rated by Care on 30 Jan 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 30 Jan 2023 |
To see the full credit ratings and regulatory alerts of Progressive Exim Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Progressive Exim Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Progressive Exim Limited has a workforce of 20 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Progressive Exim has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AACCP2445D1Z0 | Chhattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Progressive Exim Limited, buy the company report.
Recent activity
Progressive Exim Limited has 5 board changes on record since 1998: 5 appointments. The latest: Kusum Devi Shrishrimal was appointed as Additional Director on 05 Jun 2020.
25 earlier events are in the company report.
Frequently asked questions
Progressive Exim is an active public limited company based in Raipur, Chhattisgarh, India. The company works in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 14 September 1998 (28+ years old) and is registered under CIN U51101CT1998PLC013060.
Progressive Exim has 5 current directors:
- Kusum Devi Shrishrimal - Additional Director
- Shankar Lal Beldar - Additional Director
- Ameet Kumar Shrishrimal - Director
- Sandeep Kumar Shrishrimal - Director
- Mahendra Kumar Shrishrimal - Director
The latest financial statements of Progressive Exim on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 31 December 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Progressive Exim is 22AACCP2445D1Z0, registered in Chhattisgarh.
The CIN (Corporate Identification Number) of Progressive Exim is U51101CT1998PLC013060. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Exim has 31 court cases on record: 7 filed by the company and 24 filed against it. 2 are pending. Most are in the district courts.
Progressive Exim was incorporated on 14 September 1998, making it 28+ years old. It is registered with the Registrar of Companies, Chhattisgarh.
Kusum Devi Shrishrimal was appointed as Additional Director on 05 Jun 2020. Shankar Lal Beldar was appointed as Additional Director on 05 Jun 2020. Mahendra Kumar Shrishrimal was appointed as Director on 18 Jul 2018. Progressive Exim has 5 board changes on record in total.
The registered office of Progressive Exim is at Shanti Sada 1 – Maidan Pathchoubey Colony, Raipur, Chhattisgarh, India – 492001.
Progressive Exim operates in the food and beverages industry, in the edible oils and cooking fats segment.