MIRA
INFORM REPORT
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Report No. : |
307904 |
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Report Date : |
13.02.2015 |
IDENTIFICATION DETAILS
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Name : |
RUCHI WORLDWIDE LIMITED |
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Registered
Office : |
Ruchi House, Royal Palms, Survey
No. 169, Aarey Milk Colony, Near Mayur Nagar, Goregaon (East), Mumbai – 400065, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
05.06.1996 |
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Com. Reg. No.: |
11-100016 |
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Capital Investment
/ Paid-up Capital : |
Rs.189.407 Millions |
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CIN No.: [Company Identification
No.] |
U15499MH1996PLC100016 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR08215E |
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PAN No.: [Permanent Account No.] |
AAACR4937N |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
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Subject is engaged in the business of dealing in edible oils, oil seed extractions, grains, cotton, coffee and other agro products and commodities. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (49) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 2600000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Exist |
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Comments : |
Subject is a subsidiary of Ruchi Soya
Industries Limited. It is an established company having a satisfactory track record. Profitability of the company seems to be low during 2014. However,
general financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business 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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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India |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CARE |
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Rating |
Long Term Bank Facilities = BBB (SO) |
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Rating Explanation |
Have moderate degree of safety and carry moderate credit risk. |
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Date |
Jan 13, 2015 |
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Rating Agency Name |
CARE |
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Rating |
Short Term Bank Facilities =
A3+ (SO) |
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Rating Explanation |
Have moderate degree of safety and carry higher credit risk. |
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Date |
Jan 13, 2015 |
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 DENIED BY
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Name : |
Mr. Ramesh Gupta |
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Designation : |
Finance Manager |
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Contact No.: |
91-22-39388200 |
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Date : |
14.01.2015 |
LOCATIONS
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Registered Office : |
Ruchi House, Royal Palms, Survey
No. 169, Aarey Milk Colony, Near Mayur Nagar, Goregaon (East), Mumbai – 400065, Maharashtra,
India |
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Tel. No.: |
91-22-22042867 |
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Fax No.: |
91-22-22042865 |
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E-Mail : |
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Website : |
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Branch Office : |
614, Tulsiani Chambers, Nariman
Point, Mumbai, Maharashtra, India |
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Tel. No.: |
91-22-22824851 |
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Corporate Office : |
301, Mahakosh House, 7/5, South Tukoganj, Indore Near Mandir Road, Indore – 452025,
Madhya Pradesh, India |
DIRECTORS
As on: 14.08.2014
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Name : |
Mr. Vijay Kumar Jain |
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Designation : |
Additional Director |
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Address : |
C-119, Ground Floor, Suncity, Sector-54,
Gurgaon-122002, Haryana, India |
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Date of Birth/Age : |
03.10.1957 |
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Qualification : |
BSC, Diploma in Business Management |
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Date of Appointment : |
12.01.2011 |
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DIN No.: |
00098298 |
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Name : |
Mr. Naveenk Khandelwal |
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Designation : |
Additional director |
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Address : |
5/1,Saket Nagar, Indore
– 452018, Madhya Pradesh, India |
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Date of Birth/Age : |
22.04.1973 |
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Date of Appointment : |
04.08.2014 |
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DIN No.: |
00134217 |
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Name : |
Mr. Dinesh Chandra Shahra |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
14.07.1952 |
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Qualification : |
Bachelors of
Engineering |
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Date of Appointment : |
05.06.1996 |
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DIN No.: |
00533055 |
KEY EXECUTIVES
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Name : |
Mr. Neeraj Kumar Jain |
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Designation : |
Secretary |
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Address : |
86, Braheshwari, Annex Near |
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Date of Birth/Age : |
3.03.1979 |
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Date of Appointment : |
08.08.2009 |
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PAN No.: |
AKGPJ5073L |
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Name : |
Mr. Ramesh Gupta |
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Designation : |
Finance Manager |
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Name : |
Mr. A. Aashish |
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Designation : |
Senior General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 14.08.2014
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Names of Shareholders |
No. of Shares |
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Nitesh Shahra |
100 |
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Naveen Gupta |
100 |
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Dinesh Khandelwal |
550 |
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Ruchi Soya Industries Limited, India |
9939200 |
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Manish Shahra |
100 |
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Santosh Shahra |
100 |
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Kailash Shahra |
550 |
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Dinesh Shahra (Trustee
of Shiva Foundation, India) |
9000000 |
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TOTAL
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18940700 |
Equity Share Break up (Percentage of Total Equity)
As on: 14.08.2014
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Category |
Percentage |
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Bodies corporate |
52.48 |
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Other top fifty shareholders |
47.52 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the business of dealing in edible oils, oil seed extractions, grains, cotton, coffee and other agri products and commodities. |
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Products : |
· Edible Oils · Oil Seed Extractions · Cotton · Agri Products ·
Commodities |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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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 · ING VYSYA Bank Limited, Patel Chambers, Opera House, Mumbai - 400007, 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 |
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Facilities : |
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Financial Institution : |
Axis Trustee Services Limited, Axis House, 2nd Floor,
Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai-400025, Maharashtra,
India |
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Auditors : |
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Name : |
Ashok Khasgiwala and
Company Chartered Accountants |
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Address : |
317, Chetak Centre,
"Annex", R.N.T. Marg, Indore, Madhya
Pradesh, India |
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PAN No.: |
AACFA7732P |
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Memberships : |
Not Available |
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Holding Company : |
Ruchi Soya Industries Limited CIN No.:- L15140MH1986PLC038536 |
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Fellow Subsidiaries : |
Ruchi Agri Trading Private Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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19000000 |
Equity Shares |
Rs.10/- each |
Rs. 190.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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18940700 |
Equity Shares |
Rs.10/- each |
Rs. 189.407
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
189.407 |
189.407 |
189.407 |
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(b) Reserves & Surplus |
731.324 |
708.237 |
572.286 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
920.731 |
897.644 |
761.693 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax liabilities (Net) |
0.622 |
0.378 |
0.082 |
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(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
0.331 |
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
0.953 |
0.378 |
0.082 |
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(4) Current Liabilities |
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(a) Short term borrowings |
1790.741 |
6219.362 |
1829.896 |
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(b) Trade payables |
5002.610 |
3894.553 |
3084.415 |
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(c) Other current
liabilities |
696.986 |
235.552 |
1603.304 |
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(d) Short-term provisions |
0.075 |
0.345 |
11.997 |
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Total Current Liabilities (4) |
7490.412 |
10349.812 |
6529.612 |
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TOTAL |
8412.096 |
11247.834 |
7291.387 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i)
Tangible assets |
10.590 |
10.831 |
11.088 |
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(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.010 |
0.044 |
0.050 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
46.601 |
9.311 |
6.203 |
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(e) Other Non-current assets |
0.428 |
0.000 |
0.000 |
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Total Non-Current Assets |
57.629 |
20.186 |
17.341 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
1244.619 |
688.537 |
3550.425 |
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(c) Trade receivables |
5500.119 |
4699.221 |
1646.040 |
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(d) Cash and cash
equivalents |
1145.805 |
5322.822 |
1371.598 |
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(e) Short-term loans and
advances |
348.389 |
340.425 |
524.368 |
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(f) Other current assets |
115.535 |
176.643 |
181.615 |
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Total Current Assets |
8354.467 |
11227.648 |
7274.046 |
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TOTAL |
8412.096 |
11247.834 |
7291.387 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |