3rd August, 2000

 

 

NAME

 

BETTS INDIA LIMITED

 

REGISTERED OFFICE

 

L-78 Verna Electronic City, Verna Salcete, Goa – 403 722, INDIA

Tel. No.           91-832-783445 / 783027 / 783028 / 783029 / 783446

Fax No.           91-832-783418

E-Mail  enquiries@betts-india.com

Website            http://www.betts-india.com

 

FACTORY

 

L-78 Verna Electronic City, Verna Salcete, Goa – 403 722, INDIA

 

BRANCH

 

218 Anjani Complex, 2/3 Perrera, Hill Road, Off Andheri-Kurla Road, Opp. Gurunanak Petrol Pump, Andheri (East), Mumbai – 400 099, INDIA

Tel. No.           91-22-8301455

Fax No.           91-22-8246411

E-Mail  lester.pinto@betts-india.com

 

HISTORY

 

The company was incorporated on 27th October, 1994 at Verna Electronic City in Goa having Company Registration Number 2717.

 

The company is a 100% subsidiary of Betts Group of U.K., a leading multinational pharmaceutical and consumer packaging business.

 

Betts & Company was founded in 1804 to make brandy and gin, and moved into the packaging business in making lead capsules to prevent pilferage from brandy bottles.

 

The company became private again in November 1998 as a £103 million Management Buy Out backed Schroder Ventures.

 

LEGAL FORM

 

It is a Closely Held Public Limited Liability company.

 

The company’s a 100% subsidiary of Betts Group of U.K.

 

DIRECTORS

 

Mr. Sergio Freitas

Managing Director

Mr. Rakesh M. Nathwani

Finance Director

Mr. Mines Paul

Director

Mr. Lefevre T. John

Director

 

MAJOR SHAREHOLDERS

 

[as per Memorandum of Association]

Mr. Chaitan Mania                   10 shares

Mr. Vinay G. Parelkar  10 shares

Mr. Yogesh N. Adhia   10 shares

 

BUSINESS

 

The company is engaged in manufacturing and marketing of Aluminium Foil and Polymer based Lar Tubes, Containers, Receptables, Boxes, Cartoons, Cages, Drumgs, Bins, Jars, Carboys, Crates, Bottles and Vials.

 

The company currently has 230 million laminate tube capacity, operating AISA tube making machines.

 

The company operates Arpeco Printing Press, Nissei and Windsor Injection Moulding Machines.

 

The Betts Group has operations in 7 countries round the globe and has global sales of over £94 millions.

 

The Group has been accredited with ISO 9002 and ISO 9001 certification.

 

The company operates from a caption owned office-cum-factory premises of medium size.

 

The company employs around 100 persons in its set-up. The Group in general employs around 1,200 persons.

 

PARENT COMPANY

 

K                 Betts UK Limited

505 Ipswich Road, Colchester, Essex CO4 4HE, U.K.

Tel. No.           44 (0) 1206 753400

Fax No.           44 (0) 1206 844002

E-Mail  enquiries@betts-uk.com

Website            http://www.betts-uk.com

 

ASSOCIATES

 

K                 Betts Poland Sp.zo.o.

Plac Zgody 6, 05-520 Konstancin-Jeziorna, Poland

Tel. No.           48 (0) 22 754 0841

Fax No.           48 (0) 22 756 3310

E-Mail  enquiries@betts-poland.com

Website            http://www.betts-poland.com

 

K                 Betts USA Inc.

7850 Foundation Drive, Florence, Kentucky 41042, U.S.A.

Tel. No.           1 859-342-8900

Fax No.           1 859-342-8528

E-Mail  enquiries@betts-usa.com

Website            http://www.betts-usa.com

 

K                 PT Betts Indonesia

Ngoro Industri Persada Blok L-1, Ngoro, Mojokerto, 61385 Jawa Timur, Indonesia

Tel. No.           62 (0) 321 619281

Fax No.           62 (0) 321 619250

E-Mail  enquiries@betts-indo.com

Website            http://www.betts-indo.com

 

K                 Betts Packaging Limited

1151 Jin Hu Road, Jinqiao Export Zone, Pudong, Shanghai, China

Tel. No.           (86) 0 215834 0444

Fax No.           (86) 0 215899 4995

E-Mail  enquiries@betts-china.com

Website            http://www.betts-china.com

 

BANKERS

 

K                 Deutsche Bank

Bangalore Branch, Raheja Towers, M. G. Road, Bangalore – 560 001, Karnataka, INDIA

[The company employs facilities worth Rs.1.1 million from its bank]

 

AUDITORS

 

K                 Price Waterhouse

Chartered Accountants

47/6 M. G. Road, Mittal Towers, Bangalore – 560 001, Karnataka, INDIA

 

FINANCIAL INFORMATION

 

No financials are available since incorporation of the company.

 

Management remained non-cooperative during current investigation.

 

CAPITAL STRUCTURE

 

Authorised Capital :

115,000,000

Equity Shares of Rs.10/- each

Rs.1,150.000 millions

 

 

 

Issued, Subscribed & Paid-up Capital :

400

Equity Shares of Rs.10/- each

RS.4,000/-

 

COMMENTS

 

Subject is an established company having no track. No financials or performance details could be available from any sources.

 

As the promoters are reputed professionals having several years of experience, the company can be considered normal for business dealings at usual trade terms and conditions.