Progressive Timber Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 1.00 Cr
- Company Age 16 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1.00 Cr
- Revenue Growth 39.45%
- Profit Growth 48.68%
- Ebitda 33.90%
- Net Worth 8.87%
- Total Assets 8.91%
About Progressive Timber
Progressive Timber Private Limited (PTPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 03 October 2008 and has a history of 16 years and four months. Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Metals And Minerals Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 1.00 Cr.
The company currently has active open charges totaling ₹1.00 Cr.
Abbas Baluwala, Michael Baluwala, and Yunus Baluwala serve as directors at the Company.
Company Details
-
Location
Mumbai, Maharashtra, India
-
Telephone
+91-XXXXXXXXXX
- Email Address
- Website
-
Social Media
-
Corporate Identity Details
-
CIN/LLPIN
U51431MH2008PTC187258
-
Company No.
187258
-
Company Classification
Private Limited Indian Non-Government Company
-
Incorporation Date
03 Oct 2008
-
Date of AGM
30 Sep 2023
-
Date of Balance Sheet
31 Mar 2023
-
Listing Status
Unlisted
-
ROC Code
Roc Mumbai
Industry
What products or services does Progressive Timber Private Limited offer?
Progressive Timber Private Limited offers a wide range of products and services, including Wood, Plywood, Veneer & Laminates, Plywoods, Wood Log, Hardwood, Engineering and Shipping Ropes, Fibre Rope, Roofing and False ceiling, GI Sheets, Clamps and Clamping Equipment, Clamps.
Who are the key members and board of directors at Progressive Timber?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Yunus Baluwala
|
Managing Director | 03-Oct-2008 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Abbas Baluwala
|
Director | 03-Oct-2008 | Current |
|
Michael Baluwala
|
Director | 03-Oct-2008 | Current |
Financial Performance of Progressive Timber.
Progressive Timber Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 39.45% increase. The company also saw a substantial improvement in profitability, with a 48.68% increase in profit. The company's net worth moved up by a moderate rise of 8.87%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
|
(FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
|
||||||
| Revenue from Operations |
|
||||||
| Total Assets |
|
||||||
| Profit or Loss |
|
||||||
| Net Worth |
|
||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Progressive Timber?
In 2023, Progressive Timber had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
-
Vapi Sonal Plastics Private LimitedAbbas Baluwala and Michael Baluwala are mutual person
Charges (Loans)
₹1.00 Cr
₹0
Charges Breakdown by Lending Institutions
- Dena Bank : 1.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jan 2009 | Dena Bank | ₹1.00 Cr | Open |
How Many Employees Work at Progressive Timber?
Unlock and access historical data on people associated with Progressive Timber, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Progressive Timber, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Progressive Timber's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
