About Prosimet (India) Private Limited
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Prosimet (India) Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India, a subsidiary of M/S. Prosimet Spa. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 20 November 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U24294AP1998PTC069153. Its GSTIN is 37AADCP4873C1ZE (Andhra Pradesh).
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹15.72 Cr. It is led by directors including Guido Rinaldini and Giorgio Luigi Faravelli.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Shed No.B1 & B2 Aie Pedagantayada, Visakhapatnam, Andhra Pradesh, India – 530044.
As per the financials filed for FY 2023, the company reported a revenue of ₹35,165, a decline of 21% compared to the previous year. For the same year it recorded a net loss of ₹36.47 Lakh and EBITDA of -₹27.7 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 42% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company has 5 deals on record (3 funding rounds, 2 rights issues), with disclosed funding of ₹6.86 Cr; the latest was in February 2021.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website prosimet.in.
Company details
CIN history
Prosimet (India) has one previous CIN (Corporate Identification Number): U24294TN1998PTC041449. The current CIN is U24294AP1998PTC069153, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24294AP1998PTC069153 | Current |
| U24294TN1998PTC041449 | Previous |
Contact details
Prosimet (India) Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its website is prosimet.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShed No.B1 & B2 Aie Pedagantayada, Visakhapatnam, Andhra Pradesh, India – 530044
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Prosimet (India) 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
Financials of Prosimet (India) Private Limited
FY 2024 filings availableProsimet (India) Private Limited reported revenue of ₹35,165 (down 21% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 42% over five years, including a 21% fall 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹35,165 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹27.7 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹36.47 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
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| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Prosimet (India) Private Limited, buy the company report.
Board of directors of Prosimet (India) Private Limited
Prosimet (India) has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Guido Rinaldini | Director | 01 Apr 2014 | 12 Years 6 Months | Current |
| Giorgio Luigi Faravelli | Director | 09 Jan 2014 | 12 Years 9 Months | Current |
| Chapal Bhaskar | Director | 11 Oct 2018 | 8 Years 0 Months | Current |
Auditor
Prosimet (India) Private Limited is audited by G R Kumar & Co Llp for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G R Kumar & Co Llp | FY 2023 | 004941S |
Shareholding
The shareholding of Prosimet (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Prosimet (India) Private Limited, buy the company report.
Deals & funding
Prosimet (India) Private Limited has 5 deals on record (3 funding rounds, 2 rights issues), with disclosed funding of ₹6.86 Cr; the latest was in February 2021.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Rights issue | ₹34.3 Lakh | Investors: an individual |
| Oct 2014 | Rights issue | ₹6.52 Cr | Investors: an individual |
| Sep 2013 | Funding round | ₹2.15 Cr | Investors: an individual |
| Apr 2009 | Funding round | ₹2.85 Cr | Investors: 2 individuals |
| Mar 2007 | Funding round | ₹1.86 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Prosimet (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Prosimet (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Prosimet (India) Private Limited has a workforce of 2 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Prosimet (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AADCP4873C1ZE | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Prosimet (India) Private Limited, buy the company report.
Recent activity
Prosimet (India) Private Limited has 12 board changes on record since 2007: 3 appointments and 9 cessations. The latest: Chapal Bhaskar ceased to be Additional Director on 30 Sep 2019.
3 earlier events are in the company report.
Frequently asked questions
Prosimet (India) is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 20 November 1998 (28+ years old) and is registered under CIN U24294AP1998PTC069153.
Prosimet (India) has 3 current directors:
- Guido Rinaldini - Director
- Giorgio Luigi Faravelli - Director
- Chapal Bhaskar - Director
The latest financial statements of Prosimet (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Prosimet (India) is 37AADCP4873C1ZE, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Prosimet (India) is U24294AP1998PTC069153. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prosimet (India) was incorporated on 20 November 1998, making it 28+ years old. It is registered with the Registrar of Companies, Vijayawada.
Prosimet (India) has 5 deals on record (3 funding rounds, 2 rights issues), with disclosed funding of ₹6.86 Cr; the latest was in February 2021.
Chapal Bhaskar ceased to be Additional Director on 30 Sep 2019. Chapal Bhaskar was appointed as Director on 11 Oct 2018. Prabhakar Sastry Gadepalli ceased to be Director on 11 Oct 2018. Prosimet (India) has 12 board changes on record in total.
Prosimet (India) can be reached through the website prosimet.in. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
The registered office of Prosimet (India) is at Shed No.B1 & B2 Aie Pedagantayada, Visakhapatnam, Andhra Pradesh, India – 530044.