About Best & Crompton Engg. Limited
Data last updated:
Best & Crompton Engg. Limited is a public limited company based in Chennai, Tamil Nadu, 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 products retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 01 April 1956.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L29221TN1956PLC000204. The company has 2 GST registrations on record, none of which is active. It is a listed company as per MCA records.
The company has an authorised share capital of ₹187.5 Cr and a paid-up capital of ₹161.01 Cr. It is led by directors including Sinivasan and Visagan Mailachalam.
Its last annual general meeting (AGM) was held on 17 December 2012, and its latest financial statements are for the year ended 31 March 2012. The registered office is at 28A Industrial Estate (North) Ambattur, Chennai, Tamil Nadu, India – 600098.
As per MCA filings, the company has open charges of ₹141.22 Cr and satisfied charges of ₹202.75 Cr on record. Court records list 164 cases involving the company, including 113 filed by the company and 51 filed against it; 17 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in December 2011.
The last known website on record is bestcrompton.com.
Company details
Contact details
Best & Crompton Engg. Limited's registered office is in Chennai, Tamil Nadu.
- Registered Address28A Industrial Estate (North) Ambattur, Chennai, Tamil Nadu, India – 600098
- IndustryMachinery and Equipment, Industrial Products Retail & Distribution
- 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 Best & Crompton Engg. Limited
FY 2012 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Best & Crompton Engg. Limited, buy the company report.
Board of directors of Best & Crompton Engg. Limited
Best & Crompton Engg has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Visagan Mailachalam | Additional Director | 05 May 2016 | 10 Years 5 Months | As last reported |
| Elavarasi Alagiri | Additional Director | 07 Apr 2016 | 10 Years 6 Months | As last reported |
| Sinivasan | Director | 27 Jul 2012 | 14 Years 3 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Dec 2011 | 10324675 | Il&Fs Financial Services Limited | ₹60 Cr | Open | |
| 11 Feb 2008 | 10086304 | The Federal Bank Limited | ₹15.65 Cr | Open | |
| 10 May 2007 | 10053565 | Oriental Bank of Commerce | ₹35 Cr | Open | |
| 15 Dec 2006 | 10034076 | The Federal Bank Limited | ₹27.5 Cr | Open | |
| 12 Dec 1990 | 90308250 | Nagarjuna Finance Ltd. | ₹2.51 Lakh | Open |
To see the full charge records of Best & Crompton Engg. Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Best & Crompton Engg. Limited has 1 deal on record (1 secondary share transfer); the latest was in December 2011.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2011 | Secondary share transfer | Undisclosed | Buyer: Indo-Asian Holdings Limited Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Best & Crompton Engg. Limited has 164 court cases on record: 113 filed by Best & Crompton Engg, 51 filed against it. 17 cases are pending and 147 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 145 | 36 | 17 |
| District courts | 15 | 12 | 0 |
| Supreme Court | 4 | 3 | 0 |
Cases on record (5 of 164)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by M/S Eagle Burgmann India Pvt. Ltd. Through Vikas Jagtap | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed against the company by M/S.B.&C Machinery Ltd., | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by M/S.B.&C Machinery Ltd., | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by J.J.Wirenetting Pvt. Ltd., Its Director Bijoysingh Chouraria | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Ms C Doctor and Co. Pvt. Ltd | Disposed |
To see the full case history of Best & Crompton Engg. 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 Best & Crompton Engg. Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Best & Crompton Engg has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Best & Crompton Engg. Limited, buy the company report.
Recent activity
Best & Crompton Engg. Limited has 33 board changes on record since 2004: 18 appointments and 15 cessations. The latest: Kothandaraman Prakash ceased to be Additional Director on 03 Jun 2016.
69 earlier events are in the company report.
Frequently asked questions
Best & Crompton Engg 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.
Best & Crompton Engg is a company under liquidation, formerly operating as a public limited company based in Chennai, Tamil Nadu, India. The company works in industrial products retail and distribution, within the machinery and equipment industry. It was incorporated on 01 April 1956 and is registered under CIN L29221TN1956PLC000204. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Best & Crompton Engg has 3 current directors:
- Visagan Mailachalam - Additional Director
- Elavarasi Alagiri - Additional Director
- Sinivasan - Director
The latest financial statements of Best & Crompton Engg on record with the MCA are for the year ended 31 March 2012. Its last annual general meeting was held on 17 December 2012. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Best & Crompton Engg is L29221TN1956PLC000204. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Best & Crompton Engg is a listed company as per MCA records.
Best & Crompton Engg has open charges of ₹141.22 Cr and satisfied charges of ₹202.75 Cr as per latest MCA filings.
Best & Crompton Engg has 164 court cases on record: 113 filed by the company and 51 filed against it. 17 are pending. Most are in the high courts.
Best & Crompton Engg was incorporated on 01 April 1956. It is registered with the Registrar of Companies, Chennai.
Best & Crompton Engg has 1 deal on record (1 secondary share transfer); the latest was in December 2011.