MIRA
INFORM REPORT
|
Report Date : |
11.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
RUCHI WORLDWIDE LIMITED |
|
|
|
|
Registered
Office : |
Ruchi House, Royal Palms, Survey No. 169, Aarey Milk
Colony, Near Mayur Nagar, Goregaon (East), Mumbai – 400065, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
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
: |
Trader of Oils, Seed Extraction, Sugar, Yellow Soya Seed,
Peas, Moong and Rice |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Profitability of the company seems to be low. External borrowing of
the company has increased in 2013. However, rating takes into account unconditional and irrevocable
corporate guarantee extended by Ruchi Soya Industries Limited which is having
leadership position in edible oil segment. Trade relation reported to be fair. Business is active. Payment terms
are reported as slow but correct. The company can be considered normal 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year
before.A sharp fall in gold imports due to restrictions on overseas purchases
and muted import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of the
global e-commerce giant Amazon. The company raised $ 210 million from Russian
Investment firm DST Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BBB (SO) (Long Term Bank Facilities) |
|
Rating Explanation |
Moderate credit quality and average credit risk. |
|
Date |
01.03.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
A3+ (SO) (Short Term Bank Facilities) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
01.03.2013 |
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.
INFORMATION DENIED BY
|
Name : |
Mr. Ramesh Gupta |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-39388200 |
|
Date : |
09.07.2014 |
LOCATIONS
|
Registered Office : |
Ruchi House, Royal Palms, Survey No. 169, Aarey Milk
Colony, Near Mayur Nagar, Goregaon (East), Mumbai – 400065, Maharashtra,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
214, Tulsiani Chambers, Nariman Point, Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-22824851 |
|
|
|
|
Corporate Office : |
301, Mahakosh House, 7/5, South Tukoganj, Indore Near Mandir Road,
Indore – 452025, Madhya Pradesh, India |
DIRECTORS
AS ON 25.09.2012
|
Name : |
Mr. Dinesh Chandra Shahra |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
14.07.1952 |
|
Qualification : |
Bachelors of
Engineering |
|
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 |
15/06/2011 |
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 |
25/01/2013 |
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 |
|
Qualification : |
Bachelors of
Engineering |
|
Date of Appointment : |
05.06.1996 |
|
Date of Cessation : |
09.05.2013 |
|
DIN No.: |
00101778 |
|
|
|
|
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 |
|
Qualification : |
BSC, Diploma in Business Management |
|
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 |
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 |
01/04/2013 |
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 |
|
|
|
|
Name : |
Mr. Ramesh Gupta |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.09.2012
|
Names of Shareholders |
No. of Shares |
|
Nitesh Shahra |
100 |
|
Naveen Gupta |
100 |
|
Dinesh Khandelwal |
550 |
|
Ruchi 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 : |
Trader of Oils, Seed Extraction, Sugar, Yellow Soya Seed,
Peas, Moong And Rice |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
ICICI Bank Limited, Landmarkrace Course Circle,
Alkapuri, Baroda - 390015, Gujarat, India
·
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India ·
Standard Chartered Bank, 90, Mahatma Gandhi Road,
Fort, Mumbai-400001, Maharashtra, India ·
Yes Bank Limited, 9th Floor, Nehru
Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai-400018,
Maharashtra, India ·
Corporation Bank, Industrial Finance Branch, Bharat
House, No.104, Ground Floor, B S Marg, Mumbai-400023, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Axis Trustee Services Limited, Axis House, 2nd Floor, Bombay
Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai-400025,
Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Ashok Khasgiwala and Company Chartered Accountants |
|
Address : |
317, Chetak Centre, "Annex", R.N.T. Marg, Indore, Madhya
Pradesh, India |
|
PAN No.: |
AACFA7732P |
|
|
|
|
Holding Company : |
Ruchi Soya
Industries Limited CIN No.:- L15140MH1986PLC038536 |
|
|
|
|
Fellow Subsidiaries : |
Gemini Edibles
and Fats India Private Limited CIN No.:- U15205AP2008PTC058708 Ruchi Agri
Trading Pte. Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
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 |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
189.407 |
189.407 |
189.407 |
|
(b) Reserves & Surplus |
708.237 |
572.286 |
405.285 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
897.644 |
761.693 |
594.692 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.378 |
0.082 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
0.378 |
0.082 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
6219.362 |
1829.896 |
3442.704 |
|
(b) Trade payables |
3894.553 |
3084.415 |
4091.011 |
|
(c) Other current
liabilities |
235.552 |
1603.304 |
33.415 |
|
(d) Short-term provisions |
0.345 |
11.997 |
0.147 |
|
Total Current Liabilities (4) |
10349.812 |
6529.612 |
7567.277 |
|
|
|
|
|
|
TOTAL |
11247.834 |
7291.387 |
8161.969 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
10.831 |
11.088 |
0.373 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.044 |
0.050 |
0.050 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.103 |
|
(d) Long-term Loan and Advances |
9.311 |
6.203 |
9.258 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
20.186 |
17.341 |
9.784 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
688.537 |
3550.425 |
2030.415 |
|
(c) Trade receivables |
4699.221 |
1646.040 |
3819.571 |
|
(d) Cash and cash equivalents |
5322.822 |
1371.598 |
2030.148 |
|
(e) Short-term loans and
advances |
340.425 |
524.368 |
176.645 |
|
(f) Other current assets |
176.643 |
181.615 |
95.406 |
|
Total Current Assets |
11227.648 |
7274.046 |
8152.185 |
|
|
|
|
|
|
TOTAL |
11247.834 |
7291.387 |
8161.969 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
28503.531 |
35359.093 |
17605.389 |
|
|
|
Other Income |
290.273 |
203.770 |
155.937 |
|
|
|
TOTAL (A) |
28793.804 |
35562.863 |
17761.326 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
98.849 |
272.911 |
179.719 |
|
|
|
Purchase of Stock In Trade |
24456.238 |
35547.862 |
18760.715 |
|
|
|
Employee benefits expenses |
10.507 |
8.193 |
4.803 |
|
|
|
Other Expenses |
836.284 |
603.022 |
312.579 |
|
|
|
Changes in inventories of Finished goods, work in progress and stock
in trade |
2853.964 |
(1512.085) |
(1726.290) |
|
|
|
TOTAL (B) |
28255.842 |
34919.903 |
17531.526 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
537.962 |
642.960 |
229.800 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
335.600 |
395.796 |
106.169 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
202.362 |
247.164 |
123.631 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.329 |
0.136 |
0.164 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
202.033 |
247.028 |
123.467 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
66.082 |
80.027 |
44.074 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
135.951 |
167.001 |
79.393 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
5805.820 |
10085.432 |
3384.768 |
|
|
|
Other Earnings |
2.048 |
1.106 |
5.359 |
|
|
TOTAL EARNINGS |
5807.868 |
10086.538 |
3390.127 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
11292.310 |
7538.777 |
10793.363 |
|
|
TOTAL IMPORTS |
11292.310 |
7538.777 |
10793.363 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
7.18 |
8.82 |
4.19 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.47
|
0.47 |
0.45 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.71
|
0.70 |
0.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.80
|
3.39 |
1.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.32 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
6.93
|
2.40 |
5.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08
|
1.11 |
1.08 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
189.407 |
189.407 |
189.407 |
|
Reserves & Surplus |
405.285 |
572.286 |
708.237 |
|
Net
worth |
594.692 |
761.693 |
897.644 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
3442.704 |
1829.896 |
6219.362 |
|
Total
borrowings |
3442.704 |
1829.896 |
6219.362 |
|
Debt/Equity
ratio |
5.789 |
2.402 |
6.929 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
17605.389 |
35359.093 |
28503.531 |
|
|
|
100.842 |
-19.388 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
17605.389 |
35359.093 |
28503.531 |
|
Profit |
79.393 |
167.001 |
135.951 |
|
|
0.45% |
0.47% |
0.48% |
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
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) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
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 |
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 |
|
Case Details Bench:-Bombay Presentation Date:03.05.2014
|
||||||||||||||||||||||||||||||||||
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Short Term
Borrowings |
|
|
|
Term Loans from Banks |
5835.521 |
1829.896 |
|
|
|
|
|
TOTAL |
5835.521 |
1829.896 |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10371256 |
13/08/2012 |
12,000,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills
Compound, |
B45672953 |
Note:
The Registered Office of the company has been shifted from 614, Tulsiani
Chambers, Nariman Point, Mumbai - 400021, Maharashtra, India to the present
address.
GENERAL INFORMATION
Subject a
subsidiary company of Ruchi Soya Industries Limited and a part of a growing
Ruchi Group of Industries, was incorporated on 05-06-1996. The Company is
engaged in the business of dealing in edible oils, oil seed extractions,
grains, cotton, coffee and other agri products and commodities. The company has
received a Certificate of recognition as Star Export House from Government of
India.
OPERATIONS
During the year,
the sales and other income of the Company has been recorded at Rs. 28793.804
Millions as against Rs. 35562.863 Millions in the previous financial year. The
Company recorded Profit after tax of Rs. 135.951 Millions as against Rs.
167.001 Millions in the previous financial year.
FIXED ASSETS
·
Buildings
·
Office building
·
Furniture and fixtures
·
Office Equipment
·
Other equipments
·
Furniture and Fixture
·
Vehicles
·
Motor vehicles
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.59.88 |
|
|
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.81.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
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.