Progressive Invatrade Private Limited
About Progressive Invatrade Private Limited
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Progressive Invatrade Private Limited was a private limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the financial and leasing services segment of the financial services sector. It was incorporated on 23 April 1991.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65910GJ1991PTC015501.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹17.1 Lakh. It was led by directors including Bhanwerlal Achaldas Nahata and Gautamkumar Mithalal Jain.
Its last annual general meeting (AGM) was held on 28 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 508 Shilp C G Road Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2016, the company reported a revenue of ₹10,815, a decline of 43% compared to the previous year. For the same year it recorded a net loss of ₹10.63 Lakh and EBITDA of -₹3,001 (EBITDA margin -27.7%).
Court records list 2 cases involving the company, including 2 filed by the company.
Company details
Contact details
Progressive Invatrade Private Limited's registered office is in Ahmedabad, Gujarat.
- Registered Address508 Shilp C G Road Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryFinancial Services, Financial & Leasing, Other Financial Intermediation
- 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
Financials of Progressive Invatrade Private Limited
FY 2016 filings availableProgressive Invatrade Private Limited reported revenue of ₹10,815 (down 43% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 43% in the latest year. EBITDA fell 133% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | 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 | -₹3,001 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹10.63 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -27.7% | |
| 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 | ||
To see the full financial statements and ratios of Progressive Invatrade Private Limited, buy the company report.
Board of directors of Progressive Invatrade Private Limited
Progressive Invatrade has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhanwerlal Achaldas Nahata | Director | 23 Apr 1991 | 35 Years 6 Months | As last reported |
| Gautamkumar Mithalal Jain Also directs: Metroglobal Limited, DK Metro Procon Private Limited, Metrochem Capital Trust Limited and 3 more | Director | 27 Nov 2010 | 15 Years 11 Months | As last reported |
| Rahul Gautamkumar Jain Also directs: Metroglobal Limited, Maiden Tradefin Private Limited, Dual Metals Private Limited and 1 more | Director | 11 Dec 2010 | 15 Years 10 Months | As last reported |
Legal cases
Progressive Invatrade Private Limited has 2 court cases on record: 2 filed by Progressive Invatrade. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (COMP) | Filed by the company | Disposed |
| High Court, GUJARAT | Commercial suit | Filed by the company | Disposed |
To see the full case history of Progressive Invatrade 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 Progressive Invatrade Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Progressive Invatrade Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Progressive Invatrade Private Limited has 6 board changes on record since 1991: 3 appointments and 3 cessations. The latest: Gautamkumar Mithalal Jain ceased to be Additional Director on 21 Sep 2011.
Frequently asked questions
Progressive Invatrade 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.
Progressive Invatrade was a private limited company based in Ahmedabad, Gujarat, India. The company worked in financial and leasing, within the financial services industry. It was incorporated on 23 April 1991 and is registered under CIN U65910GJ1991PTC015501. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Progressive Invatrade was incorporated on 23 April 1991. It is registered with the Registrar of Companies, Ahmedabad.
Progressive Invatrade had 3 directors:
- Bhanwerlal Achaldas Nahata - Director
- Gautamkumar Mithalal Jain - Director
- Rahul Gautamkumar Jain - Director
The CIN (Corporate Identification Number) of Progressive Invatrade is U65910GJ1991PTC015501. 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 Progressive Invatrade is at 508 Shilp C G Road Navrangpura, Ahmedabad, Gujarat, India – 380009.
The latest financial statements of Progressive Invatrade on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 28 September 2016. Year-wise statements from 2015 are in the company report.
Progressive Invatrade operated in the financial services industry, in the financial and leasing segment.
Progressive Invatrade has 2 court cases on record: 2 filed by the company.
Gautamkumar Mithalal Jain ceased to be Additional Director on 21 Sep 2011. Rahul Gautamkumar Jain ceased to be Additional Director on 21 Sep 2011. Shah Santosh Mahendrakumar ceased to be Director on 17 Dec 2010. Progressive Invatrade has 6 board changes on record in total.
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