About Seam Industries Limited
Data last updated:
Seam Industries Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Sunil Hitech Engineers Limited. 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 tools and components segment of the machinery and industrial equipment sector. It was incorporated on 17 May 2005.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28120MH2005PLC153364.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹17.7 Cr. It was formerly known as Seam Industries Private Limited. It is led by directors including Devarajan Thankappan Manamtharayil (Managing Director) and Sunil Ratnakar Gutte.
Its last annual general meeting (AGM) was held on 22 August 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2017, the company reported a revenue of ₹149.39 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹2.63 Cr (net margin 1.8%) and EBITDA of ₹16.07 Cr (EBITDA margin 10.8%).
The company has about 59 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹86.65 Cr and satisfied charges of ₹145.52 Cr on record. Court records list 40 cases involving the company, including 5 filed by the company and 35 filed against it; 6 cases are pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹8.28 Cr; the latest was in January 2012. Its 4 peer companies in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 1 smaller; the largest is Rakesh Steel Industries Pvt.Ltd. with revenue of ₹153.25 Cr.
The last known website on record is seamlimited.com.
Company details
CIN history
Seam Industries has one previous CIN (Corporate Identification Number): U28120MH2005PTC153364. The current CIN is U28120MH2005PLC153364, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28120MH2005PLC153364 | Current |
| U28120MH2005PTC153364 | Previous |
Contact details
Seam Industries Limited's registered office is in Mumbai, Maharashtra. Its website is seamlimited.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address6th Floor C – Wing Met Educational Complex Gen. A.K.Vaidya Marg Bandra Reclamation, Bandra (W), Mumbai, Maharashtra, India – 400050
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Seam Industries 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 Seam Industries is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Seam Industries Limited, buy the company report.
Financials of Seam Industries Limited
FY 2017 filings availableSeam Industries Limited reported revenue of ₹149.39 Cr (down 5% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year. EBITDA rose 3% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹149.39 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹16.07 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹2.63 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 10.8% | ||
| Net Profit Margin | 1.8% | ||
| 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 Seam Industries Limited, buy the company report.
Board of directors and KMP of Seam Industries Limited
Seam Industries Limited currently reports 3 directors and 1 key managerial person. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devarajan Thankappan Manamtharayil | Managing Director | 27 Jun 2017 | 9 Years 4 Months | As last reported |
| Sunil Ratnakar Gutte | Director | 19 May 2005 | 21 Years 5 Months | As last reported |
| Eshwar Narsing Phunde | Cfo | 27 Jun 2017 | 9 Years 4 Months | As last reported |
| Swati Rajesh Phad Also directs: Yogeshwari Hatcheries Private Limited | Director | 01 Apr 2010 | 16 Years 6 Months | As last reported |
Peer comparison
Seam Industries Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rakesh Steel Industries Pvt.Ltd. | ₹153.25 Cr (FY 2025) | -6.0% | New Delhi, Delhi, India | |||
| Bhavnish Metal India Private Limited | ₹152.94 Cr (FY 2025) | 22.0% | Faridabad, Haryana, India | |||
| BG Fastening and Engineering Industries Private Limited | ₹151.56 Cr (FY 2025) | 6.0% | Aurangabad, Maharashtra, India | |||
| Seam Industries Limitedthis company | ₹149.39 Cr (FY 2017) | ₹2.63 Cr | 1.8% | -5.0% | Mumbai, Maharashtra, India | |
| Munix (India) Private Limited | ₹148.24 Cr (FY 2025) | 4.0% | Punjab, India |
To see the full peer comparison of Seam Industries Limited, buy the company report.
Auditor
Seam Industries Limited is audited by K K MANKESHWAR & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K K MANKESHWAR & CO | FY 2017 | 106009W |
Shareholding
The shareholding of Seam Industries Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Seam Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 May 2015 | 10576130 | Axis Bank Limited | ₹13.23 Lakh | Open | |
| 26 Sep 2014 | 10523990 | Uco Bank | ₹1.73 Cr | Open | |
| 05 Jul 2013 | 10436853 | Oriental Bank of Commerce | ₹84.79 Cr | Open | |
| 06 Sep 2012 | 10380748 | The Hongkong and Shanghai Banking Corporation Limited | ₹3 Cr | Satisfied | |
| 21 Jun 2012 | 10368259 | Punjab National Bank | ₹10 Cr | Satisfied |
To see the full charge records of Seam Industries Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Seam Industries Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹8.28 Cr; the latest was in January 2012.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2012 | Funding round | ₹4.2 Cr | Investors: Sunil Hitech Engineers Limited |
| Oct 2007 | Funding round | ₹1.13 Cr | Investors: Sunil Hitech Engineers Limited , 2 individuals |
| Dec 2006 | Funding round | ₹2.95 Cr | Investors: Sunil Hitech Engineers Limited , 2 individuals |
| Dec 2006 | Secondary share transfer | Undisclosed | Buyer: Sunil Hitech Engineers Limited Seller: 2 individuals |
To see the full deal history of Seam Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Seam Industries Limited has 40 court cases on record: 5 filed by Seam Industries, 35 filed against it. 6 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 28 | 5 |
| High courts | 6 | 2 | 0 |
| NCLT | 6 | 5 | 1 |
Cases on record (5 of 40)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Palwal, Haryana | Civil suit | Filed against the company by M/S K.S. Pipe Fittings Private Limited | Disposed |
| Bombay High Court | Court case (MCA) | Filed by the company against Bharat Heavy Electricals Limited, Nagpur | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SPCS COMP) | Filed against the company by an individual | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Asian Steel Industries | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by an individual | Pending |
To see the full case history of Seam Industries 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
Seam Industries Limited was last rated by Care on 24 Jun 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 24 Jun 2022 |
To see the full credit ratings and regulatory alerts of Seam Industries Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Seam Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Seam Industries Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Seam Industries Limited has 12 board changes on record since 2005: 4 appointments and 8 cessations. The latest: Parag Ashok Sakalikar ceased to be Director on 20 Nov 2018.
23 earlier events are in the company report.
Frequently asked questions
Seam Industries 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.
Seam Industries is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 17 May 2005 and is registered under CIN U28120MH2005PLC153364. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Seam Industries has 4 current directors and KMP:
- Devarajan Thankappan Manamtharayil - Managing Director
- Sunil Ratnakar Gutte - Director
- Swati Rajesh Phad - Director
- Eshwar Narsing Phunde - Cfo
The latest financial statements of Seam Industries on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 22 August 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Seam Industries is U28120MH2005PLC153364. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Seam Industries has open charges of ₹86.65 Cr and satisfied charges of ₹145.52 Cr as per latest MCA filings.
Seam Industries has 40 court cases on record: 5 filed by the company and 35 filed against it. 6 are pending. Most are in the district courts.
Seam Industries was incorporated on 17 May 2005. It is registered with the Registrar of Companies, Mumbai.
Seam Industries has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹8.28 Cr; the latest was in January 2012.
The peers of Seam Industries by revenue are Rakesh Steel Industries Pvt.Ltd, Bhavnish Metal India Private Limited, BG Fastening and Engineering Industries Private Limited, Munix (India) Private Limited, all in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products).
Parag Ashok Sakalikar ceased to be Director on 20 Nov 2018. Sonyabapu Shankar Waghmare ceased to be Director on 20 Nov 2018. Swati Rajesh Phad ceased to be Director on 14 Nov 2018. Seam Industries has 12 board changes on record in total.