About Pro-Seal Closures Limited.
Data last updated:
Pro-Seal Closures Limited. was a public limited company based in Navi Mumbai, Maharashtra, India, operated as a subsidiary of Balmer Lawrie-Van Leer Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the industrial packaging solutions segment of the packaging sector. It was incorporated on 09 June 1989.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH1989PLC270522. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹22 Lakh. It was led by directors including Reinier Hietink and Prabal Basu.
Its last annual general meeting (AGM) was held on 29 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at D – 195/2 Ttc Indl Area MIDC Turbhe, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2016, the company reported a revenue of ₹76.32 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹7.49 Cr (net margin 9.8%) and EBITDA of ₹17 Cr (EBITDA margin 22.3%).
As per MCA filings, the company had satisfied charges of ₹6.42 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company.
The last known website on record is prosealclosures.com.
Company details
CIN history
Pro-Seal Closures Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27100MH1989PLC270522, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100MH1989PLC270522 | Current |
| U85110KA1989PLC010148 | Previous |
| U27100KA1989PLC010148 | Previous |
Contact details
Pro-Seal Closures Limited.'s registered office is in Navi Mumbai, Maharashtra. Its website is prosealclosures.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressD – 195/2 Ttc Indl Area MIDC Turbhe, Navi Mumbai, Maharashtra, India – 400705
- IndustryPackaging, Industrial Packaging Solutions
To see the full contact details of Pro-Seal Closures 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
Business activity
The main business activity of Pro-Seal Closures Limited is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Pro-Seal Closures Limited., buy the company report.
Financials of Pro-Seal Closures Limited.
FY 2016 filings availablePro-Seal Closures Limited. reported revenue of ₹76.32 Cr (down 6% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year. EBITDA rose 1% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹76.32 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹17 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹7.49 Cr | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 22.3% | |
| Net Profit Margin | 9.8% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Pro-Seal Closures Limited., buy the company report.
Board of directors of Pro-Seal Closures Limited.
Pro-Seal Closures Limited has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Reinier Hietink | Nominee Director | 09 Jan 2008 | 18 Years 9 Months | As last reported |
| Prabal Basu | Nominee Director | 13 May 2016 | 10 Years 5 Months | As last reported |
| Dhandapani Sothi Selvam | Nominee Director | 07 May 2015 | 11 Years 5 Months | As last reported |
Peer comparison
Pro-Seal Closures Limited. is compared with the 4 companies closest to it by revenue in the Packaging industry (Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Spack Laminators Private Limited | ₹81.32 Cr (FY 2024) | -3.0% | Delhi, India | |||
| Soliflex Packaging Private Limited | ₹77.31 Cr (FY 2024) | 41.0% | Tumkur, Karnataka, India | |||
| Pro-Seal Closures Limited.this company | ₹76.32 Cr (FY 2016) | ₹7.49 Cr | 9.8% | -6.0% | Navi Mumbai, Maharashtra, India | |
| Vansh Petrochem Private Limited | ₹76.27 Cr (FY 2024) | -1.0% | Kanpur, Uttar Pradesh, India | |||
| Roto Pixel Private Limited | ₹75.51 Cr (FY 2024) | -10.0% | Delhi, India |
To see the full peer comparison of Pro-Seal Closures Limited., buy the company report.
Auditor
Pro-Seal Closures Limited. is audited by Walker Chandiok & LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & LLP | FY 2016 |
Shareholding
The shareholding of Pro-Seal Closures Limited. is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Pro-Seal Closures Limited., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jul 2012 | 10370117 | Corporation Bank | ₹6.4 Lakh | Satisfied | |
| 20 Jun 2011 | 10322698 | Corporation Bank | ₹5.59 Lakh | Satisfied | |
| 28 Nov 2007 | 10081667 | Corporation Bank | ₹2.5 Lakh | Satisfied | |
| 26 Mar 2003 | 90200814 | Canara Bnak | ₹40 Lakh | Satisfied | |
| 26 Mar 2003 | 90198269 | Canara Bank | ₹40 Lakh | Satisfied |
To see the full charge records of Pro-Seal Closures Limited., buy the company report.
Total charge records: 26 View all charges
Legal cases
Pro-Seal Closures Limited. has 4 court cases on record: 4 filed by Pro-Seal Closures Limited. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CSD) | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Court case (CRL.R.P.) | Filed by the company against an individual | Disposed |
| Bombay High Court | Court case (EXA) | Filed by the company against M/S New Engineering Works and Anr | Disposed |
To see the full case history of Pro-Seal Closures 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.
Credit ratings & regulatory alerts
Pro-Seal Closures Limited. was last rated by Icra on 13 Apr 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 13 Apr 2017 |
To see the full credit ratings and regulatory alerts of Pro-Seal Closures Limited., buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pro-Seal Closures Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pro-Seal Closures Limited has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Pro-Seal Closures Limited., buy the company report.
Recent activity
Pro-Seal Closures Limited. has 12 board changes on record since 2008: 3 appointments and 9 cessations. The latest: Prabal Basu was appointed as Nominee Director on 13 May 2016.
59 earlier events are in the company report.
Frequently asked questions
Pro-Seal Closures Limited has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Pro-Seal Closures Limited was a public limited company based in Navi Mumbai, Maharashtra, India. The company worked in industrial packaging solutions, within the packaging industry. It was incorporated on 09 June 1989 and is registered under CIN U27100MH1989PLC270522. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Pro-Seal Closures Limited was incorporated on 09 June 1989. It is registered with the Registrar of Companies, Mumbai.
Pro-Seal Closures Limited had 3 directors:
- Reinier Hietink - Nominee Director
- Prabal Basu - Nominee Director
- Dhandapani Sothi Selvam - Nominee Director
The CIN (Corporate Identification Number) of Pro-Seal Closures Limited is U27100MH1989PLC270522. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Pro-Seal Closures Limited is at D – 1952 Ttc Indl Area MIDC Turbhe, Navi Mumbai, Maharashtra, India – 400705.
Pro-Seal Closures Limited can be reached through the website prosealclosures.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The latest financial statements of Pro-Seal Closures Limited on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 29 September 2016. Year-wise statements from 2015 are in the company report.
No. Pro-Seal Closures Limited has 1 GST registration on record and it is cancelled or inactive.
Pro-Seal Closures Limited operated in the packaging industry, in the industrial packaging solutions segment.
The peers of Pro-Seal Closures Limited by revenue are Spack Laminators Private Limited, Soliflex Packaging Private Limited, Vansh Petrochem Private Limited, Roto Pixel Private Limited, all in the Packaging industry (Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
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