MIRA INFORM REPORT

 

 

Report No. :

304860

Report Date :

02.02.2015

 

IDENTIFICATION DETAILS

 

Name :

BECTOCHEM LOEDIGE PROCESS TECHNOLOGY PRIVATE LIMITED

 

 

Formerly Known As :

BECTOCHEM PROCESS TECHNOLOGY PRIVATE LIMITED

(w.e.f.09.05.2013)

 

 

Registered Office :

A-1, Shed No. 4906/15, Ankaleshwar Industrial Area, Ankaleshwar – 393002, Gujarat

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

23.02.2013

 

 

Com. Reg. No.:

04-073696

 

 

Capital Investment / Paid-up Capital :

Rs.4.900 Millions

 

 

CIN No.:

[Company Identification No.]

U29219GJ2013PTC073696

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Pharmaceutical Machines.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (26)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 10000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is a relatively new company having moderate track record.

 

Management remains non-cooperative.

 

Trade relation is improving. Business is active. Payment terms are reported to be unknown.

 

The company can be considered for business dealings with some cautions.

 

NOTES:

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

NOT AVAILABLE

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Ashish

Designation :

Commercial Sales

Contact No.:

91-22-66112100

Date :

27.01.2015

 

 

LOCATIONS

 

Registered Office/ Factory :

A-1, Shed No.4906/15, Ankaleshwar Industrial Area, Ankaleshwar – 393 002, Gujarat, India

Tel. No.:

91-2646-222444/ 221757

Fax No.:

Not Available

E-Mail :

sangeeta@bectochem.com

bectochem@bectochem.com

pharma@bectochemloedige.com

Website :

http://www.bectochem.com

Location :

Rented

Locality :

Commercial

 

 

Corporate Office :

Everest Chamber, A-201, Marol Station, Kurla Road, Andheri (East), Mumbai, Maharashtra, India

Tel. No.:

91-22-28500008

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Alok Rajendra Bector

Designation :

Director

Address :

201, Ashok House Rajendra Prasad Jain Road, Off. Gandhigram Road, Mumbai – 400 049, Maharashtra, India 

Date of Birth/Age :

15.04.1964

Date of Appointment :

01.04.2013

DIN No.:

02294385

Other Directorship :

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U29259MH1988PTC047853

AAHAN ENGINEERS PRIVATE LIMITED

Director

01/06/1994

01/06/1994

-

Active

NO

2

U29297MH2002PTC135950

BECTOCHEM CONSULTANTS AND ENGINEERS PRIVATE LIMITED

Director

21/05/2002

21/05/2002

-

Active

NO

3

U29253MH2011PTC215468

BECTO FLEX CONTAINMENT SYSTEM PRIVATE LIMITED

Director

29/03/2011

29/03/2011

-

Active

NO

4

U74210MH2007PTC170460

KOTAK SEJPAL ARCHITECTURAL STUDIO PRIVATE LIMITED

Director

03/02/2012

14/01/2012

-

Active

NO

5

U29253MH2012PTC236529

BECTOR AUTOMATION RML INDIA PRIVATE LIMITED

Director

05/10/2012

05/10/2012

-

Active

NO

6

U29219GJ2013PTC073696

BECTOCHEM LOEDIGE PROCESS TECHNOLOGY PRIVATE LIMITED

Managing director

01/04/2013

23/02/2013

-

Active

NO

 

 

Name :

Mrs. Sangeeta Alok Bector

Designation :

Director

Address :

201, Ashok House Rajendra Prasad Jain Road, Off. Gandhigram Road, Mumbai – 400 049, Maharashtra, India 

Date of Birth/Age :

11.09.1963

Date of Appointment :

23.02.2013

DIN No.:

01041749

Other Directorship :

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U29259MH1988PTC047853

AAHAN ENGINEERS PRIVATE LIMITED

Director

28/06/1988

28/06/1988

-

Active

NO

2

U29297MH2002PTC135950

BECTOCHEM CONSULTANTS AND ENGINEERS PRIVATE LIMITED

Director

21/05/2002

21/05/2002

-

Active

NO

3

U29253MH2011PTC215468

BECTO FLEX CONTAINMENT SYSTEM PRIVATE LIMITED

Director

29/03/2011

29/03/2011

-

Active

NO

4

U74210MH2007PTC170460

KOTAK SEJPAL ARCHITECTURAL STUDIO PRIVATE LIMITED

Director

03/02/2012

14/01/2012

-

Active

NO

5

U29253MH2012PTC236529

BECTOR AUTOMATION RML INDIA PRIVATE LIMITED

Director

05/10/2012

05/10/2012

-

Active

NO

6

U29219GJ2013PTC073696

BECTOCHEM LOEDIGE PROCESS TECHNOLOGY PRIVATE LIMITED

Director

23/02/2013

23/02/2013

-

Active

NO

 

 

Name :

Schmidthals Werner Cord

Designation :

Director

Address :

Warburg, Stadtteil Germete, Obere Bergstr, 1, Germany

Date of Birth/Age :

07.10.1965

Date of Appointment :

04.04.2013

DIN No.:

06417068

 

 

Name :

Schumacher Guenter Michael

Designation :

Director

Address :

Lemgo, Wewelerstrasse, 18, Germany

Date of Birth/Age :

10.03.1968

Date of Appointment :

04.04.2013

DIN No.:

06531168

 

 

KEY EXECUTIVES

 

Name :

P.S. Gupchup

Designation :

Practising Company Secretary

Address :

C-102, Siddhivinayak Apartments, Off Turner Road, Opposite Panthaky Agiary, Bandra (W), Mumbai – 400050, Maharashtra, India

 

 

MAJOR SHAREHOLDERS

 

As on 30.09.2014

 

Names of Shareholders

No. of Shares

Percentage of Holding

Bectochem Consultants And Engineers Private Limited

490000

49.00

Gebrueder Loedige Maschinenbau Gmbh

510000

51.00

Total

1000000

100.00

 

 

As on 30.09.2014

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others

51.00

Bodies corporate

49.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Pharmaceutical Machines.

 

 

Products :

Not Available

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Pharmaceutical Machines

Countries :

Pakistan

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Not Available

 

 

Purchasing :

Not Available

 

PRODUCTION STATUS = NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Not Available

 

 

Customers :

Not Available

 

 

No. of Employees :

Not Available

 

 

Bankers :

Banker Name

HDFC Bank Limited

Branch Address

Not Available

Person Name (With Designation)

Not Available

Contact Number

Not Available

Name of Account Holder

Not Available

Account Number

Not Available

Account Since (Date/Year of Account Opening)

Not Available

Average Balance Maintained (If Possible)

Not Available

Credit Facilities Enjoyed (If any)

Not Available

Account Operation

Not Available

Remarks (If any)

Not Available

 

Auditors :

 

Name :

Pankaj A. Shah and Company

Chartered Accountants

Address :

3/1225L, Navjivan Commercial Premises Co-operative Society Limited, Lamington Road, Mumbai – 400008, Maharashtra, India

Tel. No.:

91-22-23074148 / 28331135

Fax No.:

91-22-23053478

E-Mail :

pasnc77@yahoo.com

pasnc77@gmail.com

PAN No.:

ABEPS6263J

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding Company :

Bectochem Consultants and Engineers Private Limited

 

 

CAPITAL STRUCTURE

 

As on 31.03.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

Rs.10/-each

Rs.10.000 Millions

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

490000

Equity Shares

Rs.10/-each

Rs.4.900 Millions

 

 

As on 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

Rs.10/-each

Rs.10.000 Millions

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

Rs.10/-each

Rs.10.000 Millions

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

31.03.2013

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

 

4.900

(b) Reserves & Surplus

 

 

(0.097)

(c) Money received against share warrants

 

 

0.000

 

 

 

 

(2) Share Application money pending allotment

 

 

0.000

Total Shareholders’ Funds (1) + (2)

 

 

4.803

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

 

0.000

(b) Deferred tax liabilities (Net)

 

 

0.000

(c) Other long term liabilities

 

 

0.000

(d) long-term provisions

 

 

0.000

Total Non-current Liabilities (3)

 

 

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

 

0.000

(b) Trade payables

 

 

0.440

(c) Other current liabilities

 

 

0.000

(d) Short-term provisions

 

 

0.000

Total Current Liabilities (4)

 

 

0.440

 

 

 

 

TOTAL

 

 

5.243

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

 

0.000

(ii) Intangible Assets

 

 

0.000

(iii) Capital work-in-progress

 

 

0.000

(iv) Intangible assets under development

 

 

0.000

(b) Non-current Investments

 

 

0.000

(c) Deferred tax assets (net)

 

 

0.000

(d)  Long-term Loan and Advances

 

 

0.000

(e) Other Non-current assets

 

 

0.000

Total Non-Current Assets

 

 

0.000

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

 

0.000

(b) Inventories

 

 

0.000

(c) Trade receivables

 

 

0.000

(d) Cash and cash equivalents

 

 

4.900

(e) Short-term loans and advances

 

 

0.000

(f) Other current assets

 

 

0.343

Total Current Assets

 

 

5.243

 

 

 

 

TOTAL

 

 

5.243

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

 

31.03.2013

 

SALES

 

 

 

 

Income

 

 

0.000

 

Other Income

 

 

0.000

 

TOTAL

 

 

0.000

 

 

 

 

 

Less

EXPENSES

 

 

 0.011

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

 

 

(0.011)

 

 

 

 

 

Less

FINANCIAL EXPENSES

 

 

0.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

 

 

(0.011)

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

 

 

0.086

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

 

 

(0.097)

 

 

 

 

 

Less

TAX

 

 

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

 

 

(0.097)

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 

 

(0.10)

 

 

KEY RATIOS

 

PARTICULARS

 

 

 

 

31.03.2013

 

 

 

 

 

 

Net Profit Margin

PAT / Sales

(%)

 

 

0.00

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

 

 

0.00

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

 

 

(1.85)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

 

 

(0.02)

 

 

 

 

 

Debt Equity Ratio

(Total Debts/Networth)

 

 

 

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

 

 

11.92

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

No

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

No

9]

Name of person contacted

No

10]

Designation of contact person

No

11]

Turnover of firm for last one year

No

12]

Profitability for last one year

Yes

13]

Reasons for variation <> 20%

----------------------

14]

Estimation for coming financial year

No

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

No

20]

Export / Import details (if applicable)

No

21]

Market information

----------------------

22]

Litigations that the firm / promoter involved in

----------------------

23]

Banking Details

Yes

24]

Banking facility details

No

25]

Conduct of the banking account

----------------------

26]

Buyer visit details

----------------------

27]

Financials, if provided

Yes

28]

Incorporation details, if applicable

Yes

29]

Last accounts filed at ROC

No

30]

Major Shareholders, if available

Yes

31]

Date of Birth of Proprietor/Partner/Director, if available

Yes

32]

PAN of Proprietor/Partner/Director, if available

No

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10524262

22/09/2014

30,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013, INDIA

C26503565

2

10502480

16/09/2014 *

80,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013, INDIA

C26505263

 

 

FIXED ASSETS

 

  • Land
  • Building
  • Plant and Equipment
  • Furniture and Fixtures
  • Vehicles
  • Office Equipment

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 


 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.49

UK Pound

1

Rs.93.12

Euro

1

Rs.69.32

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

PNM


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

2

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

3

--CREDIT LINES

1~10

3

--MARGINS

-5~5

---

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

26

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 


 

RATING EXPLANATIONS

 

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.