|
Report Date : |
04.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
RUCHI WORLDWIDE LIMITED |
|
|
|
|
Registered
Office : |
614, Tulsiani Chambers, Nariman Point, Mumbai-400021, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
05.06.1996 |
|
|
|
|
Com. Reg. No.: |
11-100016 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.189.407 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15499MH1996PLC100016 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR08215E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR4937N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Traders of Oils, Seed Extraction, Sugar, Yellow Soya Seed,
Peas, Moong and Rice |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (37) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 3046772 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Ruchi Soya Industries Limited”. It is an established company having a moderate track record. The profitability
of the company appears to be low recorded by the company. However, general financial position seems to good. The subject gets
strong support from its group companies. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealing at usual trade
terms and conditions. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BBB (Long Term Rating) |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation. It carry moderate credit risk. |
|
Date |
March 2013 |
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
31-03-2012.
LOCATIONS
|
Registered Office : |
614, Tulsiani Chambers, Nariman Point, Mumbai-400021, Maharashtra,
India |
|
Tel. No.: |
91-22-66560600 / 22042867 |
|
Fax No.: |
91-22-22042865 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 25.09.2012
|
Name : |
Mr. Dinesh Chandra Shahra |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
14.07.1952 |
|
Date of Appointment : |
05.06.1996 |
|
DIN No.: |
00533055 |
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 |
U74999MH1979PTC028051 |
SHAHRA
BROTHERS PRIVATE LIMITED |
Director |
19/12/1979 |
19/12/1979 |
- |
Active |
NO |
|
2 |
L15140MH1986PLC038536 |
RUCHI
SOYA INDUSTRIES LIMITED |
Managing
director |
07/01/2011 |
07/01/1986 |
- |
Active |
NO |
|
3 |
L65990MH1984PLC033878 |
RUCHI
INFRASTRUCTURE LIMITED |
Director |
15/05/1992 |
15/05/1992 |
- |
Active |
NO |
|
4 |
U51200MH1994PTC077085 |
SHAHRA
ESTATE PRIVATE LIMITED |
Director |
15/03/1994 |
15/03/1994 |
- |
Active |
NO |
|
5 |
U40105MP1994PLC008600 |
RUCHI
POWER CORPORATION LIMITED |
Director |
08/09/1994 |
08/09/1994 |
28/07/2011 |
Active |
NO |
|
6 |
U27100MH1995PLC091905 |
RUCHI
INTEGRATED STEELS (INDIA) LIMITED |
Director |
17/08/1995 |
17/08/1995 |
28/07/2011 |
Active |
NO |
|
7 |
U45200MH1996PTC096642 |
RUCHI
REALTY PRIVATE LIMITED |
Director |
29/01/1996 |
29/01/1996 |
06/03/2009 |
Active |
NO |
|
8 |
U24110MH1996PLC096636 |
EVERSHINE
OLEOCHEM LIMITED |
Director |
29/01/1996 |
29/01/1996 |
- |
Active |
NO |
|
9 |
U15499MH1996PLC100016 |
RUCHI
WORLDWIDE LIMITED |
Director |
05/06/1996 |
05/06/1996 |
- |
Active |
NO |
|
10 |
U85110KA1997PTC021887 |
MANGALORE
LIQUID IMPEX PRIVATE LIMITED |
Director |
04/03/1997 |
04/03/1997 |
- |
Active |
NO |
|
11 |
U40108MP1997PTC012379 |
RUCHI
MULTITRADE PRIVATE LIMITED |
Director |
13/10/1997 |
13/10/1997 |
- |
Active |
NO |
|
12 |
U15100MH2000NPL123976 |
INDIAN
VEGETABLE OIL PROCESSORS ASSOCIATION LIMITED |
Director |
01/02/2000 |
01/02/2000 |
- |
Active |
NO |
|
13 |
U51909MH2003PLC140402 |
SUNSHINE
OLEOCHEM LIMITED |
Director |
30/06/2005 |
30/06/2005 |
- |
Amalgamated |
NO |
|
14 |
U15143MH2006PLC197062 |
MAC OIL
PALM LIMITED |
Additional
director |
28/03/2007 |
28/03/2007 |
29/09/2007 |
Amalgamated |
NO |
|
15 |
U40102MH2007PTC176020 |
RUCHI
GREEN ENERGY PRIVATE LIMITED |
Director |
20/11/2007 |
20/11/2007 |
- |
Active |
NO |
|
16 |
U45200MH2005PTC155055 |
BRIGHTSTAR
INFRASTRUCTURE PRIVATE LIMITED |
Director |
30/09/2008 |
06/02/2008 |
- |
Active |
NO |
|
17 |
U45207MH2007PLC173442 |
RUCHI
REALTY HOLDINGS LIMITED |
Additional
director |
25/03/2008 |
25/03/2008 |
26/03/2008 |
Active |
NO |
|
18 |
U45202MH2008PTC177745 |
HIGHTECH
REALTIES PRIVATE LIMITED |
Director |
02/04/2008 |
02/04/2008 |
- |
Active |
NO |
|
19 |
U45400MH2008PTC177867 |
SPECTRA
REALTIES PRIVATE LIMITED |
Director |
02/03/2009 |
02/03/2009 |
- |
Active |
NO |
|
20 |
U74999DL2009PTC192620 |
JAFRA
RUCHI COSMETICS INDIA PRIVATE LIMITED |
Director |
27/07/2009 |
27/07/2009 |
- |
Active |
NO |
|
21 |
U74140HR2010PTC040510 |
IFARM
VENTURE ADVISORS PRIVATE LIMITED |
Director |
03/12/2010 |
03/12/2010 |
- |
Active |
NO |
|
22 |
U74140HR2010PTC041774 |
IFARM
EQUITY ADVISORS PRIVATE LIMITED |
Director |
31/12/2010 |
31/12/2010 |
- |
Active |
NO |
|
23 |
U70102MH2008PTC182409 |
DELITE
VENTURES PRIVATE LIMITED |
Director |
10/05/2011 |
10/05/2011 |
- |
Active |
NO |
|
24 |
U74992MH2011PTC224782 |
SAHARSH
BROKERS PRIVATE LIMITED |
Director |
12/12/2011 |
12/12/2011 |
- |
Active |
NO |
|
Name : |
Mr. Naveen Gupta |
|
Designation : |
Director |
|
Address : |
101, |
|
Date of Birth/Age : |
06.03.1949 |
|
Date of Appointment : |
05.06.1996 |
|
DIN No.: |
00101778 |
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 |
U24110MH1996PLC096636 |
EVERSHINE
OLEOCHEM LIMITED |
Director |
29/01/1996 |
29/01/1996 |
23/03/2009 |
Active |
NO |
|
2 |
U15499MH1996PLC100016 |
RUCHI
WORLDWIDE LIMITED |
Director |
05/06/1996 |
05/06/1996 |
- |
Active |
NO |
|
3 |
U85110KA1997PTC021887 |
MANGALORE
LIQUID IMPEX PRIVATE LIMITED |
Director |
04/03/1997 |
04/03/1997 |
- |
Active |
NO |
|
4 |
L65990MH1984PLC033878 |
RUCHI
INFRASTRUCTURE LIMITED |
Director |
08/08/1997 |
08/08/1997 |
- |
Active |
NO |
|
5 |
U40108MP1997PTC012379 |
RUCHI
MULTITRADE PRIVATE LIMITED |
Director |
13/10/1997 |
13/10/1997 |
15/04/2009 |
Active |
NO |
|
6 |
U15143MH2006PLC197062 |
MAC
OIL PALM LIMITED |
Director |
29/09/2007 |
28/03/2007 |
- |
Amalgamated |
NO |
|
7 |
U23201MH2007PTC175893 |
RUCHI
BIO FUELS PRIVATE LIMITED |
Director |
14/11/2007 |
14/11/2007 |
- |
Active |
NO |
|
8 |
U23209UR2004PLC032537 |
UTTARANCHAL
BIO FUELS LIMITED |
Director |
01/10/2010 |
01/10/2010 |
- |
Active |
NO |
|
Name : |
Mr. Vijay Kumar Jain |
|
Designation : |
Additional Director |
|
Address : |
C-119, Ground Floor, Suncity, Sector-54, Gurgaon-122002, Haryana,
India |
|
Date of Birth/Age : |
03.10.1957 |
|
Date of Appointment : |
12.01.2011 |
|
DIN No.: |
00098298 |
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 |
U74899DL1978NPL009493 |
INDIAN
VANASPATI PRODUCERS ASSOCIATION |
Director |
14/09/2006 |
14/09/2006 |
- |
Active |
NO |
|
2 |
L15140MH1986PLC038536 |
RUCHI
SOYA INDUSTRIES LIMITED |
Whole-time
director |
30/09/2009 |
27/07/2009 |
- |
Active |
NO |
|
3 |
U24110MH1996PLC096636 |
EVERSHINE
OLEOCHEM LIMITED |
Director |
13/01/2010 |
13/01/2010 |
- |
Active |
NO |
|
4 |
U51909MH2003PTC138972 |
MRIG
TRADING PRIVATE LIMITED |
Director |
20/01/2010 |
20/01/2010 |
- |
Active |
NO |
|
5 |
U23209UR2004PLC032537 |
UTTARANCHAL
BIO FUELS LIMITED |
Director |
01/10/2010 |
01/10/2010 |
- |
Active |
NO |
|
6 |
L65990MH1984PLC033878 |
RUCHI
INFRASTRUCTURE LIMITED |
Director |
30/09/2011 |
10/11/2010 |
- |
Active |
NO |
|
7 |
U15499MH1996PLC100016 |
RUCHI
WORLDWIDE LIMITED |
Additional
director |
12/01/2011 |
12/01/2011 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Neeraj Kumar Jain |
|
Designation : |
Secretary |
|
Address : |
86, Braheshwari, Annex Near |
|
Date of Birth/Age : |
3.03.1979 |
|
Date of Appointment : |
08.08.2009 |
|
PAN No.: |
AKGPJ5073L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.09.2012
|
Names of Shareholders |
No. of Shares |
|
Nitesh Shahra |
100 |
|
Naveen Gupta |
100 |
|
Dinesh Khandelwal |
550 |
|
Ruche Soya Industries Limited, India |
9939200 |
|
Manish Shahra |
100 |
|
Santosh Shahra |
100 |
|
Kailash Shahra |
550 |
|
Dinesh Shahra (Trustee of Shiva Foundation, India) |
9000000 |
|
TOTAL |
18940700 |
AS ON 25.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
52.48 |
|
Directors or relatives of Directors |
47.52 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Traders of Oils, Seed Extraction, Sugar, Yellow Soya Seed,
Peas, Moong And Rice |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri,
Baroda-390015, Gujarat, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
Financial
Institution: |
Axis Trustee Services Limited, Axis House, 2nd Floor,
Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli,, Mumbai - 400025,
Maharashtra, India |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ashok Khasgiwala and Company Chartered Accountant |
|
Address : |
317, Chetak Centre, "Annex", R.N.T. Marg, Indore, India |
|
PAN No.: |
AACFA7732P |
|
|
|
|
Holding Company : |
Ruche Soya Industries Limited CIN No.: L15140MH1986PLC038536 |
|
|
|
|
Fellow Subsidiaries : |
|
|
|
|
|
Step-down
subsidiary of Fellow Subsidiary Company: |
|
|
|
|
|
Entities where Key
Management Personnel & their relatives of Key Management Personnel have significant
Influence over the company: |
|
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19000000 |
Equity Shares |
Rs.10/- each |
Rs.190.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18940700 |
Equity Shares |
Rs.10/- each |
Rs.189.407
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
189.407 |
189.407 |
189.407 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
572.286 |
405.285 |
325.891 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
761.693 |
594.692 |
515.298 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
1828.311 |
3442.704 |
912.122 |
|
|
TOTAL BORROWING |
1828.311 |
3442.704 |
912.122 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2590.004 |
4037.396 |
1427.420 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.088 |
0.373 |
0.430 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.050 |
0.050 |
0.127 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.103 |
0.067 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3550.425
|
2030.415
|
304.125 |
|
|
Sundry Debtors |
1664.471
|
3819.571
|
2712.855 |
|
|
Cash & Bank Balances |
1371.628
|
2030.148
|
969.384 |
|
|
Other Current Assets |
181.615
|
95.406
|
0.000 |
|
|
Loans & Advances |
481.715
|
185.904
|
653.101 |
|
Total
Current Assets |
7249.854
|
8161.444
|
4639.465 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3092.912 |
4091.011 |
3067.128 |
|
|
Other Current Liabilities |
1565.997
|
33.415
|
44.357 |
|
|
Provisions |
11.997
|
0.148
|
101.499 |
|
Total
Current Liabilities |
4670.906
|
4124.574
|
3212.984 |
|
|
Net Current Assets |
2578.948
|
4036.870
|
1426.481 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.315 |
|
|
|
|
|
|
|
|
TOTAL |
2590.004 |
4037.396 |
1427.420 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
35355.899 |
17605.389 |
16581.023 |
|
|
|
Other Income |
203.770 |
155.937 |
25.605 |
|
|
|
TOTAL (A) |
35559.669 |
17761.326 |
16606.628 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
272.911 |
179.719 |
16302.475 |
|
|
|
Purchases of stock-in-trade |
35547.861 |
18760.715 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and stock-in-trade |
(1512.085) |
(1726.290) |
0.000 |
|
|
|
Employee related expenses |
8.194 |
4.803 |
5.572 |
|
|
|
Manufacturing service costs |
0.000 |
0.000 |
6.581 |
|
|
|
Administrative selling other expenses |
0.000 |
0.000 |
191.231 |
|
|
|
Exceptional income expense, net |
0.000 |
0.000 |
0.000 |
|
|
|
Other Expenses |
825.017 |
312.579 |
0.000 |
|
|
|
TOTAL (B) |
35141.898 |
317.382 |
16505.859 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
417.771 |
229.800 |
100.769 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
170.606 |
106.169 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
247.165 |
123.631 |
100.769 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.135 |
0.164 |
0.221 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
247.030 |
123.467 |
100.548 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
80.029 |
44.074 |
35.392 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
167.001 |
79.393 |
65.156 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
402.800 |
323.395 |
258.239 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
569.801 |
402.788 |
323.395 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
4636.191 |
|
|
|
Other Earnings |
NA |
NA |
4.497 |
|
|
TOTAL EARNINGS |
NA |
NA |
4640.688 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
NA |
NA |
8999.520 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.82 |
4.19 |
3.44 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.47
|
0.45
|
0.39 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.70
|
0.70
|
0.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.40
|
1.51
|
2.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.21
|
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.40
|
5.79
|
1.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55
|
1.99
|
1.44 |
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 |
No |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
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 |
Yes |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
No |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
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 |
Yes |
NOTE
Registered office has been shifted from 408, Tulsiani Chambers, Nariman
Point, Mumbai – 400021, Maharashtra, India to the present address
w.e.f.17.01.2011
OPERATIONS
During the year, the
sales and other income of the Company has been recorded at Rs. 17760.562
Millions as against Rs. 16606.628 Millions in the previous financial year
witnessing a growth of 6.95%. The Company recorded Profit after tax of Rs.
79.394 Millions as against Rs. 65.157 Millions in the previous financial year
witnessing a healthy growth of 21.85%.
FORM 8
|
Corporate
identity number of the company |
U15499MH1996PLC100016 |
|
Name of the
company |
RUCHI WORLDWIDE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
614, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra,
India |
|
This form is for |
Creation of Charge |
|
Type of charge |
|
|
Particular of
charge holder |
Axis Trustee Services Limited |
|
Nature of
instrument creating charge |
Deed of Mortgage
cum Charge dated 13th August, 2012 attached herewith. |
|
Date of
instrument Creating the charge |
13.08.2012 |
|
Amount secured by
the charge |
Rs.1200.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As per duly
accepted Sanction letters issued by the respective Member Banks. Terms of repayment As per duly
accepted Sanction letters issued by the respective Member Banks. Margin As per duly
accepted Sanction letters issued by the respective Member Banks. Extent and operation of the charge First pari passu
Charge on entire Current assets of the Company and immovable property
situated at Village Marol Maroshi, Taluka Andheri, District Mumbai is created
in favour of Axis Trustee Services Limited acting as security trustee by
execution of Deed of Mortgage cum Charge dated 13th August, 2012 to secure repayment
of credit facilities of INR 12000.000 Millions granted by various lenders as
described in Schedule A of said Deed. |
|
Short particulars
of the property charged (Including location of the property) |
All present and future
book debts, outstanding moneys receivable, claims and bills which are now due
and owing or which may at any time during the continuance of this security
becomes due and owing. All present and future stock in trade consisting of
raw materials, finished goods, semi-finished goods, goods in process of
manufacturing etc. Property being office premises no. 115,116,117,118,119 on
Ground floor, admeasuring about 110.59 sq. mts, carpet area (approx 595 sq.
ft.) (which is inclusive of area of balconies) in building known.. as
"Orchard Road Mall Wing B" constructed on all that piece and parcel
of land falling in No Development zone situated at Village Marol Maroshi,
Taluka Andheri, District Mumbai and bearing Survey no. 169 (part) City Survey
no. 1627 (part) admeasuring 240 Acres equivalent to 975272.50 sq. mts. or
thereabouts. |
FIXED ASSETS
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.54.64 |
|
|
1 |
Rs.82.41 |
|
Euro |
1 |
Rs.70.08 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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 |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.