MIRA INFORM REPORT

Report No. :	302425
Report Date :	14.01.2015

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, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
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 :	Subject is engaged in the business of dealing in edible oils, oil seed extractions, grains, cotton, coffee and other agri products and commodities.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 2600000
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 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 dealings 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 – 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

Rating Agency Name	CARE
Rating	Long Term Bank Facilities = BBB (SO)
Rating Explanation	Have moderate degree of safety and carry moderate credit risk.
Date	17 February, 2014

Rating Agency Name	CARE
Rating	Short Term Bank Facilities = A3+ (SO)
Rating Explanation	Have moderate degree of safety and carry higher credit risk.
Date	17 February, 2014

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.

LOCATIONS

Registered Office :	Ruchi House, Royal Palms, Survey No. 169, Aarey Milk Colony, Near Mayur Nagar, Goregaon (East), Mumbai – 400065, Maharashtra, India
Tel. No.:	91-22-22042867
Fax No.:	91-22-22042865
E-Mail :	neeraj_jain@ruchigroup.com a_aashish@ruchigroup.com
Website :	www.ruchigroup.com
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: 14.08.2014

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	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	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
8	U74120MH2011PTC223411	UNION INFRASTRUCTURE SOLUTIONS PRIVATE LIMITED	Additional director	16-11-2013	16-11-2013	-	Active	NO
9	U67190MH2014PTC254659	RSIL Holdings Private Limited	Director	19-03-2014	19-03-2014	-	Active	NO
10	U73100MH2014PTC255066	Ruchi Hi-Rich Seeds Private Limited	Director	26-03-2014	26-03-2014	04-04-2014	Active	NO

Name :

Mr. Naveenk Khandelwal

Designation :

Additional director

Address :

5/1,Saket Nagar, Indore – 452018, Madhya Pradesh, India

Date of Birth/Age :

22.04.1973

Date of Appointment :

04.08.2014

DIN No.:

00134217

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	L27100MH1985PLC140379	NATIONAL STEEL AND AGRO INDUSTRIES LIMITED	Director	01-04-2014	14-11-2001	-	Active	NO
2	U27100MH2004PLC144559	INDIAN STEEL CORPORATION LIMITED	Director	01-07-2004	01-07-2004	-	Active	NO
3	U74900MH2007PLC173930	Indian Steel SEZ Limited	Director	07-09-2007	07-09-2007	-	Active	NO
4	L27100MH1987PLC142326	RUCHI STRIPS AND ALLOYS LIMITED	Director	25-09-2014	10-05-2008	-	Active	NO
5	L65990MH1984PLC033878	RUCHI INFRASTRUCTURE LIMITED	Director	30-09-2010	13-11-2009	09-08-2011	Active	NO
6	L15140MH1986PLC038536	RUCHI SOYA INDUSTRIES LIMITED	Director	26-09-2014	18-12-2009	-	Active	NO
7	U67110MP2006PLC018933	MADHYA PRADESH STOCK EXCHANGE LIMITED	Director	04-06-2013	04-06-2013	-	Active	NO
8	U15499MH1996PLC100016	RUCHI WORLDWIDE LIMITED	Additional director	04-08-2014	04-08-2014	-	Active	NO

Name :

Mr. Dinesh Chandra Shahra

Designation :

Director

Address :

Sharda Building, No.2-A, Road Churchgate, Mumbai – 400020, Maharashtra, India

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 PVT LTD	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	Managing director	14-08-2014	15-05-1992	-	Active	NO
4	U51200MH1994PTC077085	SHAHRA ESTATE P LTD	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	01-09-2014	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
25	U67190MH2014PTC254659	RSIL Holdings Private Limited	Director	19-03-2014	19-03-2014	-	Active	NO
26	U73100MH2014PTC255066	Ruchi Hi-Rich Seeds Private Limited	Director	26-03-2014	26-03-2014	04-04-2014	Active	NO
27	U40104MH2008PTC185366	RUCHI RENEWABLE ENERGY PRIVATE LIMITED	Additional director	15-12-2014	15-12-2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Neeraj Kumar Jain
Designation :	Secretary
Address :	86, Braheshwari, Annex Near Bengal Square, Indore – 452018, Madhya Pradesh, India
Date of Birth/Age :	3.03.1979
Date of Appointment :	08.08.2009
PAN No.:	AKGPJ5073L
Name :	Mr. Ramesh Gupta
Designation :	Finance Manager
Name :	Mr. A. Aashish
Designation :	Senior General Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 14.08.2014

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

Equity Share Break up (Percentage of Total Equity)

As on: 14.08.2014

Category	Percentage
Bodies corporate	52.48
Other top fifty shareholders	47.52
Total	100.00

BUSINESS DETAILS

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.
Products :	Edible Oils Oil Seed Extractions Cotton Agri Products Commodities
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :	Not Available

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

Not Available

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, 9^th 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 :

Secured Loan	Rs. In Millions 31.03.2014	Rs. In Millions 31.03.2013
Short Term Borrowings
Term Loans from Banks	540.879	383.841
TOTAL	540.879	383.841

Banking Relations :	--
Financial Institution :	Axis Trustee Services Limited, Axis House, 2^nd 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
Memberships :	Not Available
Holding Company :	Ruchi Soya Industries Limited CIN No.:- L15140MH1986PLC038536
Fellow Subsidiaries :	Ruchi Agri Trading Private Limited

CAPITAL STRUCTURE

As on 31.03.2014

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	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	189.407	189.407	189.407
(b) Reserves & Surplus	731.324	708.237	572.286
(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)	920.731	897.644	761.693
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.622	0.378	0.082
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.331	0.000	0.000
Total Non-current Liabilities (3)	0.953	0.378	0.082
(4) Current Liabilities
(a) Short term borrowings	1790.741	6219.362	1829.896
(b) Trade payables	5002.610	3894.553	3084.415
(c) Other current liabilities	696.986	235.552	1603.304
(d) Short-term provisions	0.075	0.345	11.997
Total Current Liabilities (4)	7490.412	10349.812	6529.612
TOTAL	8412.096	11247.834	7291.387
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	10.590	10.831	11.088
(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	0.010	0.044	0.050
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	46.601	9.311	6.203
(e) Other Non-current assets	0.428	0.000	0.000
Total Non-Current Assets	57.629	20.186	17.341
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1244.619	688.537	3550.425
(c) Trade receivables	5500.119	4699.221	1646.040
(d) Cash and cash equivalents	1145.805	5322.822	1371.598
(e) Short-term loans and advances	348.389	340.425	524.368
(f) Other current assets	115.535	176.643	181.615
Total Current Assets	8354.467	11227.648	7274.046