About Metal Closures Private Limited
Data last updated:
Metal Closures Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 07 December 1977.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U34203KA1977PTC003254. Its GSTIN is 29AABCM1666J1Z8 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹17 Cr and a paid-up capital of ₹15 Cr. It is led by directors including Prashanth Hegde Bannampalli and Kishora Kumara Kalige.
Its last annual general meeting (AGM) was held on 30 September 2013, and its latest financial statements are for the year ended 31 March 2013. The registered office is at 39/4B 12th K Mkankapura Main Road Bangalore, Karnataka, India – 560062.
The company has about 52 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹486.56 Cr and satisfied charges of ₹74.41 Cr on record. Court records list 141 cases involving the company, including 49 filed by the company and 93 filed against it; 23 cases are pending. The company has 4 deals on record (4 funding rounds), with disclosed funding of ₹12.5 Cr; the latest was in March 2011.
The last known website on record is metalclosures.com.
Company details
CIN history
Metal Closures has one previous CIN (Corporate Identification Number): U28991KA1977PTC003254. The current CIN is U34203KA1977PTC003254, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U34203KA1977PTC003254 | Current |
| U28991KA1977PTC003254 | Previous |
Contact details
Metal Closures Private Limited's registered office is in Bangalore, Karnataka.
- Registered Address39/4B 12th K Mkankapura Main Road Bangalore, Karnataka, India – 560062
- IndustryPackaging, Industrial Packaging Solutions
- 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 Metal Closures Private Limited
FY 2013 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Metal Closures Private Limited, buy the company report.
Board of directors of Metal Closures Private Limited
Metal Closures has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashanth Hegde Bannampalli Also directs: Bannampalli Endeavors LLP, Emcee Crowns Private Limited | Director | 07 Dec 1977 | 48 Years 10 Months | As last reported |
| Kishora Kumara Kalige Also directs: Emcee Crowns Private Limited | Director | 30 Mar 2017 | 9 Years 7 Months | As last reported |
| Bharath Kumar Also directs: Mettle Infotech Private Limited | Additional Director | 01 Dec 2018 | 7 Years 11 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2013 | 10461374 | Punjab National Bank | ₹3 Cr | Open | |
| 31 Jul 2013 | 10444957 | Corporation Bank | ₹7.7 Cr | Open | |
| 18 Jan 2013 | 10402701 | State Bank of India | ₹78.4 Cr | Open | |
| 19 Apr 2012 | 10356625 | Uco Bank | ₹10 Cr | Open | |
| 20 Oct 2011 | 10316332 | Tata Capital Financial Services Limited | ₹3 Cr | Open |
To see the full charge records of Metal Closures Private Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Metal Closures Private Limited has 4 deals on record (4 funding rounds), with disclosed funding of ₹12.5 Cr; the latest was in March 2011.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2011 | Funding round | ₹2.5 Cr | Investors: an individual |
| Mar 2010 | Funding round | ₹2.88 Cr | Investors: an individual |
| Mar 2009 | Funding round | ₹2.62 Cr | Investors: an individual |
| Mar 2008 | Funding round | ₹4.5 Cr | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Metal Closures Private Limited has 141 court cases on record: 49 filed by Metal Closures, 93 filed against it. 23 cases are pending and 118 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 69 | 31 | 16 |
| District courts | 63 | 55 | 5 |
| Supreme Court | 9 | 7 | 2 |
Cases on record (5 of 141)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (MFA) | Filed against the company by M/S. B. P. Metal Packs Private Limited | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by BP Metal Packs Pvt Ltd | Pending |
| High Court | Writ petition | Filed against the company by M/S. Trident Automobiles Pvt. Ltd., | Pending |
| High Court, KARNATAKA | Court case (CCC) | Filed against the company by M/S Trident Automobiles Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed by the company against Tata Capital Financial Services Ltd. --- Respondent | Disposed |
To see the full case history of Metal Closures 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 Metal Closures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Metal Closures has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM1666J1Z8 | Karnataka | Active | 01 Jul 2017 |
| 02AABCM1666J1ZO | Himachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Metal Closures Private Limited, buy the company report.
Recent activity
Metal Closures Private Limited has 5 board changes on record since 1977: 3 appointments and 2 cessations. The latest: Bharath Kumar was appointed as Additional Director on 01 Dec 2018.
24 earlier events are in the company report.
Frequently asked questions
Metal Closures is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Metal Closures is a company under liquidation, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 07 December 1977 and is registered under CIN U34203KA1977PTC003254. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Metal Closures has 3 current directors:
- Prashanth Hegde Bannampalli - Director
- Kishora Kumara Kalige - Director
- Bharath Kumar - Additional Director
The latest financial statements of Metal Closures on record with the MCA are for the year ended 31 March 2013. Its last annual general meeting was held on 30 September 2013. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Metal Closures is U34203KA1977PTC003254. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Metal Closures has open charges of ₹486.56 Cr and satisfied charges of ₹74.41 Cr as per latest MCA filings.
Metal Closures has 141 court cases on record: 49 filed by the company and 93 filed against it. 23 are pending. Most are in the high courts.
Metal Closures was incorporated on 07 December 1977. It is registered with the Registrar of Companies, Bangalore.
Metal Closures has 4 deals on record (4 funding rounds), with disclosed funding of ₹12.5 Cr; the latest was in March 2011.
Bharath Kumar was appointed as Additional Director on 01 Dec 2018. Jagannatha Chary Joshi ceased to be Additional Director on 31 Mar 2017. Kishora Kumara Kalige was appointed as Director on 30 Mar 2017. Metal Closures has 5 board changes on record in total.
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