Progressive Exim Limited - Due diligence report

A 360° intelligence report on Progressive Exim Limited: trust score, financial health, credit view, compliance, directors, growth and distre…

1998-09-14 Raipur, Chattisgarh Active Unlisted Active Non-Compliant
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Progressive Exim Limited — 360° Intelligence Report

Generated from MCA filings & public records
50/100
Trust Score
Moderate

Progressive Exim Limited is assessed as Moderate with a Trust Score of 50/100. Progressive Exim Limited is an active public limited indian non-government company incorporated in 1998, operating in the Food and Beverages sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.

Report generated on 20 Jul 2026 from the latest processed filings. Progressive Exim Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Caution

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
50/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
11/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
60/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 50/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Elevated gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (D).

Charges position: 3 open (3.04 cr) · 12 satisfied (107.90 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Uco Bank6 48.0 cr
Idbi Bank1 48.0 cr
Punjab National Bank2 48.0 cr
Idbi Bank Limited3 48.0 cr
Tata Capital Financial Services Limited1 48.0 cr
Reliance Capital Ltd1 48.0 cr
Compliance Score: 11/100 Caution Indicated
  • Company status is Active as per MCA.
  • Marked ACTIVE non-compliant (INC-22A).
  • Last balance sheet is for Mar 2018 - filings overdue.
  • Flagged by authority: BANKS.
  • Litigation present in 2 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
MAHENDRA KUMAR SHRISHRIMAL 01234567 Director 01/04/2018 6 yrs Approved
KUSUM DEVI SHRISHRIMAL 01234567 Director 01/04/2018 6 yrs Approved
AMIT KUMAR SHRISHRIMAL 01234567 Director 01/04/2018 6 yrs Approved
SHANKAR LAL BELDAR 01234567 Director 01/04/2018 6 yrs Approved
SANDEEP SHRISHRIMAL 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • MAHENDRA KUMAR SHRISHRIMAL has DIN status "Disqualified by RoC u/s 164(2)".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2018 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
10 allotment(s) · 0 transfer(s)

Promoters hold a majority stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 55
Growth signals & trust indicators
Operating for 27+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
Statutory filings appear overdue.
Compliance score is weak (11/100).
3 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence36/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment43/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 3.04 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view50/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
12 Feb 2025
Charge satisfied
Idbi Bank Limited
05 Jan 2024
Charge satisfied
Idbi Bank
05 Jun 2020
Director appointed
KUSUM DEVI SHRISHRIMAL (Additional Director)
Director appointed
SHANKAR LAL BELDAR (Additional Director)
31 Dec 2018
Last AGM held
Annual general meeting
30 Jul 2018
Director ceased
KUSUM DEVI SHRISHRIMAL
18 Jul 2018
Director appointed
MAHENDRA KUMAR SHRISHRIMAL (Director)
31 Mar 2018
Latest balance sheet
Filed with ROC
31 Jan 2014
Charge created
Reliance Capital Ltd - 85.59 Lakh
04 Dec 2013
Securities allotted
366250 Equity Shares Without Differential Rights - 1.47 cr raised
01 Jun 2013
Charge satisfied
Punjab National Bank
30 Mar 2013
Securities allotted
366250 Equity Shares Without Differential Rights - 1.47 cr raised
05 Feb 2013
Charge created
Tata Capital Financial Services Limited - 1.33 cr
27 Dec 2011
Securities allotted
146000 Equity Shares Without Differential Rights - 1.46 cr raised
Securities allotted
100000 Equity Shares Without Differential Rights - 1.00 cr raised
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
5 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of D from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2018 annual return.
Capital has been raised through 10 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Shobha Asars U36996MH2008PTC182521 Mumbai, Maharashtra, India
Bts Jewellers Private Limited U27100AP2010PTC069818 Kurnool, Andhra Pradesh, India
M.B.S.Jewellers Private Limited U27205TG2005PTC048201 Hyderabad, Telangana, India
Moser Baer Solar U74999DL2007PLC160162 New Delhi, Delhi, India
Mevada Oil Mill Private Limited U15130GJ2016PTC094008 Dhrangadhra, Gujarat, India
Orelia Refiners Private Limited U51398DL2015PTC284386 New Delhi, Delhi, India
Gujaratborosil L26100MH1988PLC316817 Mumbai, Maharashtra, India
Amar Jewellers Ltd U36911GJ1995PLC024108 Surat, Gujarat, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Progressive Exim Limited before audits and certifications: compliance score 11/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Progressive Exim Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Enhanced diligence advised. Credit risk score 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Progressive Exim Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 50/100, distress signals and MSME payment-delay disclosures - know whether Progressive Exim Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Progressive Exim Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Progressive Exim Limited an active company?

Progressive Exim Limited has MCA status “Active” with a compliance score of 11/100 (Caution Indicated).

Is Progressive Exim Limited financially healthy?

Progressive Exim Limited has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.

Should I do business with Progressive Exim Limited?

Its overall Trust Score is 50/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Progressive Exim Limited?

Promoters hold a majority stake - exact percentages are in the full report. 5 active director(s) are on record.

Does Progressive Exim Limited have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 12 earlier charge(s) stand satisfied.

Is Progressive Exim Limited up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 11/100 (Caution Indicated).

Is it risky to lend to Progressive Exim Limited?

Its Credit Risk Score is 50/100 (Moderate). Banker verdict: Enhanced diligence advised.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.