Progress Micro Credit Limited. - Company overview

Progress Micro Credit Limited.

2013-07-31 Madhubani, Bihar Active Unlisted Active Non-Compliant
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Key Metrics Public MCA facts are exact. Revenue, profit, assets, and employee figures may show as ranges until unlocked.

REVENUE
-
FY 2016
PROFIT / LOSS
Loss · Under ₹1 Lakh
▼ -918.4%
FY 2016
EBITDA
Loss · Under ₹1 Lakh
▼ -918.4%
FY 2016
NET WORTH
Under ₹1 Lakh
▲ 3.5%
FY 2016
TOTAL ASSETS
Under ₹1 Lakh
▲ 3.5%
FY 2016
OPEN CHARGES
-
-
PAID-UP CAPITAL
1.00 Lakh
AUTHORISED CAPITAL
-
COMPANY AGE
13 Years 2 Months
since 2013-07-31
LAST FILING WITH ROC
2016-03-31
Last AGM: 2016-09-30
ACTIVE GST
-
SATISFIED CHARGES
-
-

Company Health Scores Scores from 0–100 based on filings, compliance signals, financials, and board history on this profile.

Health scores for Progress Micro Credit Limited. covering vendor trust, statutory compliance, financial health and director risk - derived from MCA filings, GST and EPFO records, financial statements and the company's board history.

Vendor Trust Score Moderate
57/100
Overall counterparty comfort for vendors and customers.
  • Blend of compliance (55), financial health (45), director (55) and company-foundation signals.
  • Operating for 13+ years.
Compliance Score Moderate
55/100
Statutory filings, status and regulatory flags.
  • Company status is Active as per MCA.
  • Marked ACTIVE non-compliant (INC-22A not filed).
Financial Health Score High risk
45/100
Profitability, leverage and liquidity from filed statements.
  • Loss-making in FY 2016.
  • Positive net worth.
Director Risk Score Moderate
55/100
Board strength, DIN status and churn.
  • 6 directors on the board.
  • Director AJOY DAS has DIN status "Deactivated due to non-filing of DIR-3 KYC".
Scores are derived from MCA filings, financial statements and public records on this page. Higher is safer. They are indicative, not a credit rating.
360° Intelligence Report: trust score, financial health, credit risk, growth & distress signals - auto-generated from filings. View report →

About Progress Micro Credit Limited. Company identity, industry, contact, and registration details from MCA and company records.

Progress Micro Credit Limited. is an active not-for-profit (Section 8) company registered with ROC Patna on 31 July 2013, about 13 years ago. The registered office is in Madhubani, Bihar. Earlier names on record include Tory Micro Credit Limited, Villagesewa Micro Credit Limited and Bandhab Micro Credit Limited.

Infyner groups it under Financial Services, in the Microfinance Institutions segment.

It has six directors: Ajoy Das, Bikash Howlader, Souvik Mistry and 3 others. The longest-serving is Ajoy Das, on the board since 2013; the most recent to join is Murari Kumar Srivastava, appointed in November 2016. No director has left so far. Between them, the directors also sit on the boards of 6 other companies, including Progress Vintrade Private Limited and Bailey Constructions Private Limited.

Paid-up capital is ₹1 lakh. Its latest balance sheet on MCA is for the year ending 31 March 2016, and the last AGM was on 30 September 2016. Nothing newer than 2016 shows up here, so it is worth checking the MCA portal for later filings. No charges (secured loans) are registered against it.

Financial Services ••••••••
  • Location Sadullahapur,Town /Vill-Sadullahapur Anchal-Bisfi,Distt:-Madhubani, Madhubani, Bihar - 847122
Name History
Legal NameProgress Micro Credit Limited.
CIN / LLPINU65992BR2013NPL020852
Company No.020852
ClassificationPublic Not For Profit Company
Incorporation Date2013-07-31
Date of AGM2016-09-30
Date of Balance Sheet2016-03-31
Listing StatusUnlisted
ROC CodeRoc Patna
PAN
LEI Number
Active ComplianceActive Non-Compliant

Current Directors of Progress Micro Credit Limited. (6) Current board members from MCA filings, including designation and appointment details.

A
Ajoy Das
Director | Since 2013-07-31 | DIN: 05221652
B
Bikash Howlader
Director | Since 2013-07-31 | DIN: 02566016
S
Souvik Mistry
Director | Since 2013-07-31 | DIN: 02566012
S
Suresh Kumar
Director | Since 2016-11-20 | DIN: 07638446
S
Sanjay Kumar Srivastava
Director | Since 2016-11-20 | DIN: 07638422
M
Murari Kumar Srivastava
Director | Since 2016-11-20 | DIN: 07638557

Financial Performance of Progress Micro Credit Limited. Bands and Low / Medium / High trend shape. Exact figures unlock with your report.

Estimated bands · FY 2016
Revenue -
P&L Loss · Under ₹1 Lakh ▼ -918.4%
EBITDA Loss · Under ₹1 Lakh ▼ -918.4%
Net worth Under ₹1 Lakh ▲ 3.5%

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Companies With Common Directors Of Progress Micro Credit Limited. Other companies that share directors with this entity, based on MCA and compliance network data.

Board Overlap From MCA / Compliance Filings

Progress Vintrade Private Limited 3 Shared Directors
Bailey Constructions Private Limited 2 Shared Directors
Progress Cultivation Limited 2 Shared Directors
Progress Household Services Private Limited 2 Shared Directors
Progress Mutual Benefit India Limited 1 Shared Director
Progress Producer Company Limited 1 Shared Director

Financial Ratios of Progress Micro Credit Limited. Profitability, leverage, and liquidity ratios from filed statements. Exact values unlock with your report.

2 years of ratios on record

Profitability, leverage and liquidity ratios require an active report plan.

Net profit margin Debt / Equity Current ratio ROE

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Shareholding Pattern of Progress Micro Credit Limited. Ownership and contribution detail from filings. Full breakdown unlocks with your report.

1 shareholder category on record

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Ownership mix Category breakdown Year-wise pattern Promoter holding

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MSME Payment Delays by Progress Micro Credit Limited. MSME supplier payment delays and filing history. Full amounts unlock with your report.

Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.

Outstanding amounts Delay periods and reasons MSME-1 filing history Vendor payment signals

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MCA Filings & Documents of Progress Micro Credit Limited. Official MCA forms, returns, and filing index. Document access unlocks with your report.

Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.

Incorporation documents Annual returns and statements Charge filings Complete filing index

MCA filings and documents require an active report plan.

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Frequently Asked Questions about Progress Micro Credit Limited. Common questions about this company from MCA and profile data. Some answers are limited until unlocked.
Who is the owner of Progress Micro Credit Limited.?
MCA does not publish an "owner" field. Progress Micro Credit Limited. is run by its directors, Ajoy Das, Bikash Howlader, Souvik Mistry and three others. The people who own the shares are listed in its annual return (form MGT-7), which can differ from the directors.
Who are the current board members and directors of Progress Micro Credit Limited.?
Progress Micro Credit Limited. has six current directors: Ajoy Das (since July 2013), Bikash Howlader (since July 2013), Souvik Mistry (since July 2013), Suresh Kumar (since November 2016), Sanjay Kumar Srivastava (since November 2016) and Murari Kumar Srivastava (since November 2016).
What is CIN of Progress Micro Credit Limited.?
The CIN of Progress Micro Credit Limited. is U65992BR2013NPL020852. Reading it left to right: U means it is not listed, 65992 is the industry code it registered under, BR is Bihar, 2013 is the year it was registered, NPL is the company type and 020852 is its registration number.
When was Progress Micro Credit Limited. incorporated?
Progress Micro Credit Limited. was incorporated on 31 July 2013 with ROC Patna. That makes it about 13 years old.
What is the registered address of Progress Micro Credit Limited.?
The registered office on MCA records is Sadullahapur, Town /Vill-Sadullahapur Anchal-Bisfi, Distt:-Madhubani, Madhubani, Bihar - 847122.
What is the current status of Progress Micro Credit Limited.?
MCA shows Progress Micro Credit Limited. as Active, and its last AGM on record was in September 2016.
What is the contact number or email for Progress Micro Credit Limited.?
You can post to its registered office at Sadullahapur, Town /Vill-Sadullahapur Anchal-Bisfi, Distt:-Madhubani, Madhubani, Bihar - 847122.
What industry or business activity is Progress Micro Credit Limited. associated with?
It is grouped under Financial Services, in the Microfinance Institutions segment.
What is paid-up capital and authorised share capital of Progress Micro Credit Limited.?
Paid-up capital is ₹1 lakh.
When did Progress Micro Credit Limited. last file accounts and hold an AGM?
The last AGM on record was on 30 September 2016, and the latest balance sheet is for the year ending 31 March 2016. Nothing newer than 2016 shows up, so check the MCA portal for later filings.
Where can I see charges and lenders for Progress Micro Credit Limited.?
MCA shows no charges registered against Progress Micro Credit Limited., so no assets are pledged for a registered secured loan.
Have any directors left Progress Micro Credit Limited.?
No. MCA shows no former directors, so everyone appointed so far is still on the board.
Which companies share directors with Progress Micro Credit Limited.?
6 companies share directors with Progress Micro Credit Limited.. Among them are Progress Vintrade Private Limited, Bailey Constructions Private Limited, Progress Cultivation Limited and 3 more.
What is the net worth of Progress Micro Credit Limited.?
For FY 2016, the net worth of Progress Micro Credit Limited. was in the Under ₹1 Lakh range.
How can I get the financial details of Progress Micro Credit Limited.?
The latest accounts on record are for FY 2016. The Financial tab has year-wise profit and loss, balance sheet and ratios, with exact figures after you sign in.
Progress Micro Credit Limited. - is it listed or unlisted?
Progress Micro Credit Limited. is unlisted, so its shares are not traded on a stock exchange. Its CIN starts with U for the same reason.
What is the ROC code of Progress Micro Credit Limited.?
Progress Micro Credit Limited. is registered with ROC Patna.
What is the company classification of Progress Micro Credit Limited.?
MCA classifies Progress Micro Credit Limited. as: Public Not For Profit Company.

Disclaimer: Data on this page is compiled from public sources as available in our system at the time of the last update and is for general information only. Scores are derived indicators, not credit ratings or advice - please verify from official sources and consult a professional before making any business or financial decision.