MIRA INFORM REPORT

 

 

Report No. :

326925

Report Date :

12.06.2015

 

IDENTIFICATION DETAILS

 

Name :

RUCHI SOYA INDUSTRIES LIMITED

 

 

Registered Office :

Ruchi House, Royal Palm, Survey No. 169, Aarey Milk Colony, Near Mayur Nagar, Goregaon (East), Mumbai – 400065, Maharashtra

Tel No.:

91-22-66560600

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

06.01.1986

 

 

Com. Reg. No.:

11-038536

 

 

Capital Investment / Paid-up Capital :

Rs.688.121 Million

 

 

CIN No.:

[Company Identification No.]

L15140MH1986PLC038536

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMR14074E

BPLR03207B

 

 

PAN No.:

[Permanent Account No.]

AAACR28921

 

 

Legal Form :

A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.

 

 

Line of Business :

Subject is engaged in the business of processing of oil-seeds and refining of crude oil for edible use. The Company also produces oil meal, food products from soya and value added products from downstream and upstream processing. The Company is also engaged in trading in various products and generation of power from wind energy.

 

 

No. of Employees :

10000 (Approximately)

 

 

                                                                  RATING & COMMENTS

 

MIRA’s Rating :

Ba (49)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 63000000 

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an old established company incorporated in the year 1986 having a satisfactory track record.

 

The company has progressed well during FY 2015. General financial position of the company is sound and healthy.

 

Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct.

 

The company can be considered normal 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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CARE

Rating

Long Term Bank Facilities: BBB+

Rating Explanation

Moderate degree of safety. It carry moderate credit risk.

Date

13.01.2015

 

Rating Agency Name

CARE

Rating

Short Term Bank Facilities: A2

Rating Explanation

Strong degree of safety and low credit risk.

Date

13.01.2015

 

 

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 31-03-2013.

 

INFORMATION DECLINED 

 

MANAGEMENT NON - COOEPRATIVE (91-22-66560600/-91-9967584902)

 

                                                                           LOCATIONS

 

Registered Office :

Ruchi House, Royal Palm, Survey No. 169, Aarey Milk Colony, Near Mayur Nagar, Goregaon (East), Mumbai – 400065, Maharashtra, India

Tel. No.:

91-22-66560600/ 22824851/ 39388200

Mobile No.:

91-9967584902 (Mr. Ramesh Gupta)

Fax No.:

91-22-22837525/ 22042865

E-Mail :

amrita_shahra@ruchigroup.com

snehhal@ipan.com

rl_gupta@ruchigroup.com

milind_s@ruchigroup.com

Website :

http://www.ruchisoya.com

 

 

Head/ Administrative

Office :

301 Mahakosh House, 7/5 South Tukoganj, Nath Mandir Road, Indore – 452001, Madhya Pradesh, India

Tel. No.:

91-731-2513281/ 282/ 283

Fax No.:

91-731-4065019/ 2527250

 

 

Branch Office:

408, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra, India

 

 

Factory 1 :

Survey No.217/1, Village Mityhirohar, Taluka Gandhidham, Kutch, Gandhidham – 370201, Gujarat, India

Tel No.:

91-2836-645672/73

Fax No.:

91-2836-286509/286473

 

 

Factory 2 :

Mangliagaon, A. B. Road, Indore, Madhya Pradesh, India

 

 

Factory 3 :

Baikampady Industrial Area, Mangalore, Karnataka, India

 

 

Factory 4 :

Village Esambe, Taluka Khalapur, District Raigad, Maharashtra, India

 

 

Factory 5 :

Bijoyramchak, Ward No. 9, P.O. Durgachak, Haldia, West Bengal, India

 

 

Factory 6 :

Village Butibori, Tehsil Nagpur, Maharashtra, India

 

 

Factory 7 :

Akodia Road, Industrial Area, Shujalpur, District Shajapur, Madhya Pradesh, India

 

 

Factory 8 :

Village Kamati, Gadarwada, District Narsinghpur, Madhya Pradesh, India

 

 

Factory 9 :

Gram Mithi Rohar, Taluka Gandhidham, District Bhuj, Gujarat, India

 

 

Factory 10 :

Kannigaiper Village, Uthukottai Taluk, Thiruvallur District, Tamilnadu, India

 

 

Factory 11 :

RIICO Udyog Vihar, Sriganganagar, Rajasthan, India

 

 

Factory 12 :

RIICO Industrial Area, Govindpur Bawari, Post Talera District, Bundi, Rajasthan, India

 

 

Factory 13 :

Kusmoda, A.B. Road, Guna, Madhya Pradesh, India

 

 

Factory 14 :

Kota Road, Baran, Rajasthan, India

 

 

Factory 15 :

Rani Piparia, District Hoshangabad, Madhya Pradesh, India

 

 

Factory 16 :

SIDCO Industrial Estate, Bari Brahmana, Jammu and Kashmir, India

 

 

Factory 17 :

Village Daloda, District Mandsaur, Madhya Pradesh, India

 

 

Factory 18 :

Survey No. 178, Surkandi Road, Washim, Maharashtra, India

 

 

Factory 19 :

Bapulapadu Mandal, Ampapuram Village, Krishna District, Vijaywada, Andhra Pradesh, India

 

 

Factory 20 :

IDA, ADB Road, Peddapuram, East Godawari District, Andhra Pradesh, India

 

 

Factory 21 :

Village Karanpura, Durgawati, District Kaimur, Bihar, India

 

 

Factory 22 :

Survey No. 162 and 163, Bhuvad, Talluka- Anjar, District Kutch, Gujarat, India

 

 

DIRECTORS

 

AS ON 31.03.2014

 

Name :

Mr. Kailashchandra Shahra

Designation :

Chiarman

Address :

29, Old Palasia, A. B. Road, Indore – 452001, Madhya Pradesh, India

Date of Birth/Age :

31.03.1938

Date of Appointment :

07.01.1986

DIN No.:

00062698

Pan No.:

ABJPS9987Q

 

 

Name :

Mr. Dinesh Chandra Shahra

Designation :

Managing Director

Address :

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

Date of Birth/Age :

14.07.1952

Qualification :

B. E. (Chemical Engineer)

Date of Appointment :

07.01.1986

PAN No.:

AACHD3089G

DIN No.:

00533055

 

 

Name :

Mr. A. B. Rao

Designation :

Director (Legal) (upto September 13, 2013)

 

 

Name :

Mr. Vijay Kumar Jain

Designation :

Whole-Time Director

Address :

C-119, Ground Floor, Sun City Sector – 54, Gurgaon – 122002, Haryana, India 

Date of Birth/Age :

03.10.1957

Date of Appointment :

27.07.2009

PAN No.:

AAIPJ2722L

DIN No.:

00098298

 

 

Name :

Mr. Sanjeev Kumar Asthana

Designation :

Director

Address :

363, Espace, Nirvana Country, South City Ii, Gurgaon – 122018, Haryana, India 

Date of Birth/Age :

19.10.1964

Date of Appointment :

28.08.2010

Date of Cessation :

11.08.2014

DIN No.:

00048958

 

 

Name :

Mr. Prabhu Dayal Dwivedi

Designation :

Director

Address :

34 / 513, Pratap Nagar, Sector No 3, Sanganer, Jaipur – 302203, Rajasthan, India 

Date of Birth/Age :

30.01.1941

Date of Appointment :

26.09.2014

DIN No.:

02114285

 

 

Name :

Mr. Sajeve Deora

Designation :

Director

Address :

EC-13, Inderpuri, New Delhi – 110012, India

Date of Birth/Age :

27.12.1959

Date of Appointment :

26.09.2014

DIN No.:

00003305

 

 

Name :

Mr. Murugan Navamani

Designation :

Director

Address :

No 2 CP, Ramasamy Road, Alwarpet Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

24.05.1946

Date of Appointment :

26.09.2014

DIN No.:

01309393

 

 

Name :

Mr. Navin Khandelwal

Designation :

Director

Address :

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

Date of Birth/Age :

22.04.1973

Date of Appointment :

26.09.2014

DIN No.:

00134217

 

 

KEY EXECUTIVES

 

Name :

Mr. S.K. Dhamni

Designation :

Admin. Manager

 

 

Name :

Mr. Ramji Lal Gupta

Designation :

Company Secretary

Address :

8, Regency Priya Darshani, Khajrana Circle, Indore – 452001, Madhya Pradesh, India

Date of Birth/Age :

10.06.1962

Date of Appointment :

01.12.1993

PAN No.:

AENPG4648H

 

 

SHAREHOLDING PATTERN

 

AS ON 31.03.2015

 

Category of Shareholder

No. of Shares

Percentage of Holding

(A) Shareholding of Promoter and Promoter Group

 

 

http://www.bseindia.com/include/images/clear.gif(1) Indian

 

 

http://www.bseindia.com/include/images/clear.gifIndividuals / Hindu Undivided Family

103189858

30.89

http://www.bseindia.com/include/images/clear.gifBodies Corporate

82978938

24.84

http://www.bseindia.com/include/images/clear.gifSub Total

186168796

55.73

http://www.bseindia.com/include/images/clear.gif(2) Foreign

 

 

Total shareholding of Promoter and Promoter Group (A)

186168796

55.73

(B) Public Shareholding

 

 

http://www.bseindia.com/include/images/clear.gif(1) Institutions

 

 

http://www.bseindia.com/include/images/clear.gifMutual Funds / UTI

33431

0.01

http://www.bseindia.com/include/images/clear.gifFinancial Institutions / Banks

319480

0.10

http://www.bseindia.com/include/images/clear.gifForeign Institutional Investors

60715919

18.18

http://www.bseindia.com/include/images/clear.gifSub Total

61068830

18.28

http://www.bseindia.com/include/images/clear.gif(2) Non-Institutions

 

 

http://www.bseindia.com/include/images/clear.gifBodies Corporate

59421656

17.79

http://www.bseindia.com/include/images/clear.gifIndividuals

 

 

http://www.bseindia.com/include/images/clear.gifIndividual shareholders holding nominal share capital up to Rs. 0.100 Million

16615118

4.97

http://www.bseindia.com/include/images/clear.gifIndividual shareholders holding nominal share capital in excess of Rs. 0.100 Million

10620125

3.18

http://www.bseindia.com/include/images/clear.gifAny Others (Specify)

165897

0.05

http://www.bseindia.com/include/images/clear.gifClearing Members

165897

0.05

http://www.bseindia.com/include/images/clear.gifSub Total

86822796

25.99

Total Public shareholding (B)

147891626

44.27

Total (A)+(B)

334060422

100.00

(C) Shares held by Custodians and against which Depository Receipts have been issued

0

0.00

http://www.bseindia.com/include/images/clear.gif(1) Promoter and Promoter Group

0

0.00

http://www.bseindia.com/include/images/clear.gif(2) Public

0

0.00

http://www.bseindia.com/include/images/clear.gifSub Total

0

0.00

Total (A)+(B)+(C)

334060422

0.00

 

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Company engaged primarily in the business of processing of oil-seeds and refining of crude oil for edible use. The Company also produces oil meal, food products from soya and value added products from downstream and upstream processing. The Company is also engaged in trading in various products and generation of power from wind energy.

 

 

Products :

Products Description

Item Code No.

Soya Extraction

23040030

RBD Palm/ Palmolein Oil

15111000

Guargum

15159099

 

 

Brand Names :

·         Nutrela Oil

·         Mahakash

·         Sunrich 

 

Agencies Held :

Not Available

 

Exports :

Not Divulged 

 

Imports :

Not Divulged 

 

Terms :

Not Divulged 

 

 

                                                                GENERAL INFORMATION

 

Supplier :

Reference:

Not Divulged 

Name of the Person (with Designation):

Not Divulged 

Contact Number:

Not Divulged 

Since How Long Known:

Not Divulged 

Maximum Limit Dealt:

Not Divulged 

Experience :

Not Divulged 

Remarks :

Not Divulged 

 

Customer :

Reference:

Not Divulged 

Name of the Person (with Designation):

Not Divulged 

Contact Number:

Not Divulged 

Since How Long Known:

Not Divulged 

Maximum Limit Dealt:

Not Divulged 

Experience :

Not Divulged 

Remarks :

Not Divulged 

 

 

No. of Employees :

10000 (Approximately)

 

 

Bankers :

·         Axis Bank Limited

·         Bank of Baroda

·         Bank of India

·         Bank of Maharashtra

·         Central Bank of India

·         Corporation Bank

·         Dena Bank

·         ICICI Bank Limited

·         IDBI Bank Limited

·         Oriental Bank of Commerce

·         Punjab National Bank

·         State Bank of Bikaner and Jaipur

·         State Bank of Hyderabad

·         State Bank of India

·         State Bank of Mysore

·         State Bank of Patiala

·         State Bank of Travancore

·         Syndicate Bank

·         The Karur Vysya Bank Limited

·         UCO Bank

·         Union Bank of India

 

 

Facilities :

SECURED LOANS

31.03.2015

Rs. In Million

31.03.2014

Rs. In Million

LONG TERM BORROWINGS

 

Term Loans from Banks

 

 

- Rupee Loans

 

3501.457

- Foreign Currency Loans

 

6256.825

 

 

 

SHORT TERM BORROWINGS

 

 

Working Capital Loans from Banks

 

2911.887

Total

NA

12670.169

 

Auditors :

 

Name :

P. D. Kunte and Company

Chartered Accountants

Address :

205/206, Turf Estate, Shakti Mills Lane, Off Dr. E. Moses Road, Mumbai – 400011, Maharashtra, India

Tel. No.:

91-22-24903751/ 24903752/ 24903753

Fax No.:

91-22-24903754

E-Mail :

mail@pdkunte.com

 

 

Cost Auditor  :

 

Name :

K. G. Goyal and Company

Cost Accountants

 

 

Subsidiaries (as on 31.03.2014):

·         Ruchi Worldwide Limited

·         Mrig Trading Private Limited

·         Gemini Edibles and Fats India Private Limited

·         Ruchi J-Oil Private Limited

·         RSIL Holdings Private Limited

·         Ruchi Industries Pte. Limited

·         Ruchi Ethiopia Holdings Limited

 

 

Step down Subsidiaries (as on 31.03.2014):

·         Ruchi Agri Plantation (Combodia) Company Limited

·         Ruchi Agritrading Pte. Limited

·         Ruchi Agri SARLU

·         Ruchi Hi-Rich Seeds Private Limited

·         Ruchi Agri Private Limited Company

·         Palmolien Industries Pte. Limited

 

 

Associates (as on 31.03.2014):

·         GHI Energy Private Limited

·         Ruchi Kagome Foods India Private Limited

 

 

Parties where control exists(as on 31.03.2014):

·         Indian Oil Ruchi Bio Fuels, Limited Liability Partnership

·         Ruchi Infrastructure Limited

 

 

Entities where Key Management Personnel or relatives of Key Management Personnel have significant influence (as on 31.03.2014):

·         Ruchi Bio Fuels Private Limited

·         High Tech Realties Private Limited

·         Mahakosh Holdings Private Limited

·         Deepti Housing Private Limited

·         Shahra Brothers Private Limited

·         Mahadeo Shahra and Sons

·         Mahadeo Shahra Sukrat Trust

·         Disha Foundation (Trust) (Formerly Shiva Foundation)

·         RSIL Benificiary Trust

·         Shahra Estate Private Limited

·         Spectra Realties Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2015

 

Authorised Capital : NOT AVAILABLE

 

Issued, Subscribed & Paid-up Capital : Rs.688.121 Million

 

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1010250000

Equity Shares

Rs.2/- each

Rs.2020.500 Million

5100000

Cumulative Redeemable Preference Shares

Rs.100/- each

Rs.510.000 Million

 

Total

 

Rs.2530.500 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

334046422

Equity Shares

Rs.2/- each

Rs.668.093 Million

200000

6% Non-Convertible Redeemable Preference Shares

Rs.100/- each

Rs.20.000 Million

 

Total

 

Rs.688.093 Million

 

a)     Reconciliation of the number of shares

 

Particulars

As at March 31, 2014

Number of Shares

Rs. in Million

Equity Shares

 

 

Balance as at the beginning of the year

33922572

667.845

Add: Shares issued under Employee Stock option during the year

123850

0.248

Balance as at the end of the year

34046422

668.093

 

 

 

ii) Preference Shares

 

 

Balance as at the beginning of the year

200000

20.000

Add: Shares issued during the year

--

--

Balance as at the end of the year

200000

20.000

 

 

b)    Rights, Preferences and Restrictions attached to shares

 

Equity Shares:

 

The Company has one class of equity shares having a par value of Rs.2 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

 

Lock in Restrictions

 

Nil (Previous year 12500000) Equity shares are subject to lock in restrictions.

 

Preference Shares:

 

6% Non-Convertible Redeemable Cumulative Preference Shares of Rs.100/- each were issued pursuant to the Scheme of Amalgamation and Arrangement between Sunshine Oleochem Limited, Ruchi Soya Industries Limited and their respective shareholders sanctioned by the Hon’ble High Court of judicature of Mumbai in an earlier year on the same terms and conditions as originally issued by Sunshine Oleochem Limited.

 

These preference shares are redeemable as follows:

 

a)     First installment of Rs.33/- per preference share on completion of 144 months from March 31, 2009.

b)    Second installment of Rs.33/- per preference share on completion of 156 months from March 31, 2009.

c)     Third installment of Rs.34/- per preference share on completion of 168 months from March 31, 2009.

 

 

c)     Details of shares held by shareholders holding more than 5% shares in the Company.

 

Name of Shareholder

Number of Shares

% holding

 

 

 

Equity Shares

 

 

Mr. Dinesh Shahra [in the capacity of Trustee of Disha Foundation (Formerly known as Shiva Foundation)]

47440350

14.20%

Dinesh Shahra (HUF)

17205836

5.15%

Soyumm Marketing Private Limited

29145577

8.73%

Spectra Realties Private Limited

18100000

5.42%

Sawit Plantations Pte Limited

19612913

5.87%

 

 

 

Preference Shares

 

 

Ruchi Infrastructure Limited

200000

100.00%

 

 

d)    The issued, subscribed and paid-up share capital includes 56638462 Equity Shares and 200000 Preference Shares issued during the last five years pursuant to Schemes of Amalgamation, Arrangement and Mergers.

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2015

31.03.2014

31.03.2013

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

688.121

688.093

687.845

(b) Reserves & Surplus

21388.080

22696.430

22974.421

(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)

22076.201

23384.523

23662.266

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

6996.246

10478.818

10374.181

(b) Deferred tax liabilities (Net)

2580.023

2699.497

2466.711

(c) Other long term liabilities

2039.495

148.962

279.543

(d) long-term provisions

0.015

0.015

0.015

Total Non-current Liabilities (3)

11615.779

13327.292

13120.450

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

25483.283

15201.657

44013.239

(b) Trade payables

61823.128

54589.441

48232.945

(c) Other current liabilities

17341.932

16466.833

15032.327

(d) Short-term provisions

351.498

134.020

211.985

Total Current Liabilities (4)

104999.841

86391.951

107490.496

 

 

 

 

TOTAL

138691.821

123103.766

144273.212

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

24806.975

24923.651

24769.012

(ii) Intangible Assets

 

37.926

28.998

(iii) Capital work-in-progress

 

1433.556

2133.226

(iv) Intangible assets under development

 

0.000

0.000

(b) Non-current Investments

2818.279

3233.362

2610.795

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

1352.401

969.796

1189.145

(e) Other Non-current assets

2.607

1.745

3.419

Total Non-Current Assets

28980.262

30600.036

30734.595

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

4.705

110.584

218.257

(b) Inventories

30594.618

34456.750

33441.506

(c) Trade receivables

59870.115

45669.359

42467.747

(d) Cash and cash equivalents

5240.349

3789.577

29499.432

(e) Short-term loans and advances

12723.454

7100.967

5456.038

(f) Other current assets

1278.318

1376.493

2455.637

Total Current Assets

109711.559

92503.730

113538.617

 

 

 

 

TOTAL

138691.821

123103.766

144273.212

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

 

Income

283090.788

243810.148

261464.379

 

 

Other Income

1025.359

2200.708

3384.073

 

 

TOTAL                                     (A)

284116.147

246010.856

264848.452

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Material Consumed

159805.748

140197.426

159113.488

 

 

Purchases of Stock In Trade

98013.718

76350.448

75179.792

 

 

Changes in inventories of finished goods, work-in-progress and

stock in trade

1481.359

2315.619

2398.305

 

 

Employees Benefits Expenses

2014.910

1769.161

1425.590

 

 

Others Expenses

16540.082

18040.737

17314.973

 

 

Exceptional Items

(649.243)

(110.541)

0.000

 

 

TOTAL                                     (B)

277206.574

238562.850

255432.148

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

6909.573

7448.006

9416.304

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

4623.254

5305.972

4838.227

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

2286.319

2142.034

4578.077

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

1480.094

1644.865

1542.629

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

806.225

497.169

3035.448

 

 

 

 

 

Less

TAX                                                                  (H)

196.945

362.968

672.808

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

609.280

134.201

2362.640

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

NA

9070.212

7084.037

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

General Reserve

NA

100.000

250.000

 

 

Proposed Dividend

NA

54.650

108.095

 

 

Tax on Dividend

NA

9.288

18.370

 

BALANCE CARRIED TO THE B/S

NA

9040.475

9070.212

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

F. O. B value of Export

NA

35987.615

43210.658

 

 

F. O. B value of Merchandise trade

NA

12449.145

14675.056

 

TOTAL EARNINGS

NA

48436.760

57885.714

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Purchase of Oils

NA

68644.754

81644.833

 

 

Purchases for Merchandise exports

NA

12293.162

14554.083

 

 

Purchase of Consumables/ packing materials

NA

31.840

68.974

 

TOTAL IMPORTS

NA

80969.756

96267.890

 

 

 

 

 

 

Earnings Per Share (Rs.)

0.12

0.07

7.08

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2015

31.03.2014

31.03.2013

Current Maturities of Long term debt

 

 

 

From Banks

NA

3648.339

2787.777

From State Government

NA

1.595

0.000

Total

NA

3649.934

2787.777

 

 

 

 

Cash generated from operations

NA

34791.418

(19447.940)

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin
(PAT / Sales)

(%)

0.22

0.06

0.90

 

 

 

 

 

Operating Profit Margin
(PBIDT/Sales)

(%)

2.44

3.05

3.60

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets)

(%)

0.59

0.42

2.18

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.04

0.02

0.13

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.47

1.25

2.42

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.04

1.07

1.06

 

STOCK PRICES

 

Face Value

Rs.2.00/-

Market Value

Rs.40.90/-

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

687.845

688.093

688.121

Reserves & Surplus

22974.421

22696.430

21388.080

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

23662.266

23384.523

22076.201

 

 

 

 

long-term borrowings

10374.181

10478.818

6996.246

Short term borrowings

44013.239

15201.657

25483.283

Current Maturities Of Long-Term Debts

2787.777

3649.934

0.000

Total borrowings

57175.197

29330.409

32479.529

Debt/Equity ratio

2.416

1.254

1.471

 

 

 

YEAR-ON-YEAR GROWTH

 

 

Year on Year Growth

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

261464.379

243810.148

283090.788

 

 

(6.752)

16.111

 

 

NET PROFIT MARGIN

 

 

Net Profit Margin

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

261464.379

243810.148

283090.788

Profit

2362.640

134.201

609.280

 

0.90%

0.06%

0.22%

 

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

No

8

Designation of contact person

No

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

Yes

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

Yes

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

CHARGES

 

ENTITY

PERSON

COMPETENT AUTHORITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

RUCHI SOYAINDUSTRIES LIMITED

 --

CBEC 

DEFAULTED IN PAYMENT OF CUSTOMS/EXCISE DUTIES

NOTICE ISSUED UNDER SECTION 142 OF CUSTOMS ACT, 1962

28-FEB-2013

RUCHI SOYAINDUSTRIES LIMITED

 --

BSE 

DID NOT SUBMIT SHAREHOLDING PATTERN UNDER PROVISIONS OF CLAUSE 35 FOR THE QUARTER ENDED 31-DECEMBER-2010

PUT UP ON BSE WEBSITE FOR PUBLIC NOTICE

31-DEC-2010

NOT APPEARING IN THE LIST FOR THE QUARTER ENDED 31-MARCH-2011

RUCHI SOYAINDUSTRIES LIMITED

 --

SEBI 

ALLEGED FAILURE IN MAKING DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO STOCK EXCHANGES FOR YEARS 1998 TO 2005 AS REQUIRED UNDER REGULATIONS 6(2),6(4) AND 8(3) OF SEBI TAKEOVER CODE, 1997 IN MATTER OF PARAM INDUSTRIES LTD.

ALLEGED FAILURE IN MAKING DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO STOCK EXCHANGES AS REQUIRED UNDER REGULATION 13(6) OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 IN MATTER OF PARAM INDUSTRIES LIMITED

ALLEGED FAILURE IN MAKING DISCLOSURE OF PREFERENTIAL ALLOTMENT OF 32,82,480 SHARES REQUIRED UNDER SEBI (DISCLOSURES AND INVESTOR PROTECTION) GUIDELINES, 2000 TO BE FURNISHED TO SHAREHOLDERS DURING AGM

REACHED SETTLEMENT (SETTLEMENT CHARGES RS.10.000 Million VIDE CONSENT ORDER)

24-JUN-2010

 

 

INDEX OF CHARGE

 

Sr. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10512373

31/07/2014

1,680,000,000.00

STANDARD CHARTERED BANK

NARAIN MANZIL 23, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA

C14547269

2

10494305

29/03/2014

3,000,000,000.00

STATE BANK OF INDIA

COMMERCIAL BRANCH, A. B. ROAD, NEAR GPO, INDORE,
MADHYA PRADESH - 452001, INDIA

C03965878

3

10419930

22/03/2013

3,650,000,000.00

STATE BANK OF INDIA

COMMERCIAL BRANCH, A. B ROAD, NEAR GPO, INDORE, MADHYA PRADESH - 452001, INDIA

B73253957

4

10386062

19/10/2012

2,650,000,000.00

STATE BANK OF INDIA

COMMERCIAL BRANCH, A. B. ROAD, NEAR G.P.O., INDOR
E, MADHYA PRADESH - 452001, INDIA

B61783767

5

10373592

30/08/2012

1,669,455,000.00

DBS BANK LIMITED

3RD FLOOR, FORT HOUSE, 221, DR. D. N. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA

B56697717

6

10370275

09/08/2012

1,102,900,000.00

DBS BANK LIMITED

3RD FLOOR, FORT HOUSE, 221, DR. D. N. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA

B45343043

7

10360000

17/05/2012

300,000,000.00

AXIS BANK LIMITED

01, KAMAL PALACE, Y N ROAD, INDORE, MADHYA PRADESH - 452001, INDIA

B41351016

8

10329974

10/09/2013 *

1,375,000,000.00

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

CNERGY, 6TH FLOOR, APPASAHEB MARATHE MARG, PRABHA DEVI, MUMBAI, MAHARASHTRA - 400025, INDIA

B85195261

9

10296868

27/06/2011

2,500,000,000.00

STATE BANK OF INDIA

COMMERCIAL BRANCH, A. B. ROAD, NEAR GPO, INDORE,
MADHYA PRADESH - 452001, INDIA

B16773319

10

10286881

27/04/2011

917,400,000.00

STANDARD CHARTERED BANK

90, M G ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA

B12842993

11

10311401

25/03/2011

690,000,000.00

BANK OF INDIA

NARIMAN POINT LARGE CORPORATE BRANCH, 92/93, FREE
PRESS HOUSE, NARIMAN POINT, MUMBAI, MAHARASHTRA -
400021, INDIA

B16845760

12

10285373

22/03/2011

700,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR.
ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA -
400018, INDIA

B12152864

13

10272947

10/01/2011

1,000,000,000.00

IDBI BANK LIMITED

SPECIALISED CORPORATE BRANCH,UPPER GROUND FLOOR,  CAPT C S NAYUDU ARCADE, 10/2, OLD PALASIA., INDORE, MADHYA PRADESH - 452001, INDIA

B07210198

14

10261308

28/12/2010

500,000,000.00

STATE BANK OF HYDERABAD

11-C, MITTAL TOWER, 210, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA

B03229135

15

10239839

12/10/2012 *

46,255,000,000.00

AXIS BANK LIMITED

2ND FLR, AXIS HOUSE, BOMBAY DYEING MILLS COMPOUND,
PANDURANG BUDHKAR MARG, WORLY, MUMBAI, MAHARASHTRA - 400001, INDIA

B61325767

16

10228812

24/06/2010

922,000,000.00

STANDARD CHARTERED BANK

90, M G ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA

A88973359

17

10181563

24/12/2013 *

75,905,400,000.00

STATE BANK OF INDIA

COMMERCIAL BRANCH, A.B. ROAD, NEAR G.P.O., INDORE, MADHYA PRADESH - 452001, INDIA

B92726215

18

10310363

19/12/2008

642,120,000.00

THE BANK OF RAJASTHAN LIMITED

OVERSEAS BRANCH, C-WING, MITTAL TOWER, NARIMAN PO
INT, MUMBAI, MAHARASHTRA - 400021, INDIA

A56426968

19

10133208

30/10/2008

3,000,000,000.00

PUNJAB NATIONAL BANK

MID, CORPORATE BRANCH, SIYAGANJ, INDORE, MADHYA
PRADESH - 452001, INDIA

A52247657

20

10127581

10/10/2008

250,000,000.00

BARCLAYS BANK PLC

FIRST FLOOR, 69 VALLAI PACHIAPPAN STREET, KAMARAJ SALAI, KANCHIPURAM, TAMIL NADU - 631501, INDIA

A49546526

21

10097587

19/03/2008

250,000,000.00

THE KARUR VYSYA BANK LIMITED

POST BOX NO.21, ERODE ROAD, KARUR, TAMIL NADU -
639002, INDIA

A36305332

22

10026845

10/11/2006

2,882,100,000.00

CENTRAL BANK OF INDIA LIMITED

CORPORATE FINANCE BRANCH, SIYAGANJ, INDORE, MADHYA PRADESH - 452001, INDIA

A07099666

23

10022029

24/10/2006

250,000,000.00

THE KARUR VYSYA BANK LTD

POST BOX NO.21, , ERODE ROAD, KARUR, TAMIL NADU -
639002, INDIA

A05511969

24

10022240

28/09/2006

350,000,000.00

CENTRAL BANK OF INDIA LIMITED

CORPORATE FINANCE BRANCH, PHASE-I, PALIKA PLAZA,
SECOND FLOOR, M.T.H. COMPOUND, INDORE, MADHYA PRADESH - 452007, INDIA

A05551627

25

10073789

13/09/2006

200,000,000.00

DENA BANK

INDUSTRIAL FINANCE BRANCH, 9TH FLOOR, MAKERS TOWE
R E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA

A05748520

26

10007109

07/06/2006

900,000,000.00

STATE BANK OF PATIALA

20, USHA NAGAR EXTENSION, INDORE, MADHYA PRADESH -
452001, INDIA

A01501584

27

10007681

24/02/2010 *

1,162,900,000.00

STATE BANK OF INDORE (LEAD BANKER)

INDUSTRIAL FINANCE BRANCH, KHEL PRASHAL, INDORE,
MADHYA PRADESH - 452001, INDIA

A82573049

28

80021478

24/02/2010 *

1,162,900,000.00

STATE BANK OF INDORE (LEAD BANKER)

INDUSTRIAL FINANCE BRANCH, KHEL PRASHAL, INDORE,
MADHYA PRADESH - 452001, INDIA

A82572553

29

90243877

30/03/2007 *

350,000,000.00

STATE BANK OF INDIA

COMMERCIAL BRANCH, A. B. ROAD, NEAR G. P. O., IN
DORE, MADHYA PRADESH - 452001, INDIA

-

30

90238548

27/07/2005

100,000,000.00

IDBI BANK LIMITED

ALANKAR CHAMBERS, RATLAM KOTHI; A.B. ROAD, INDORE
, MADHYA PRADESH, INDIA

-

31

90242661

16/03/2005

50,000,000.00

INDUYSTIRAL BANK

BOMBAY, INDORE, MADHYA PRADESH, INDIA

-

32

90242590

24/11/2004

40,000,000.00

INDUYSTIRAL BANK

BOMBAY, INDORE, MADHYA PRADESH, INDIA

-

33

90242580

27/10/2004

500,000,000.00

ANDHRA BANK

NO. 33, III FLOOR; ATLANTA; NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA

-

34

90241179

25/08/2004

200,000,000.00

UTI BANK LIMITED

KAMAL PALACE; 1, YASHWANT COLONY; YASHWANT NIWAS
ROAD, INDORE, MADHYA PRADESH - 452001, INDIA

-

35

90243728

30/11/2004 *

200,000,000.00

UTI BANK LIMITED

KAMAL PALACE; 1, YASHWANT NIWAS ROAD, INDORE, MADHYA PRADESH - 452001, INDIA

-

36

90241154

18/06/2004

125,000,000.00

SOUTH INDIAN BANK LIMITED

HAMPANKATTA BRANCH, MANGALORE, KARNATAKA, INDIA

-

37

90187976

08/05/2004

250,000,000.00

THE KARUR VYSYA BANK LIMITED

ERODE ROAD, INDORE, MADHYA PRADESH, INDIA

-

38

90242517

05/05/2004

250,000,000.00

THE KARUR VYSYA BANK LIMITED

APPOLO TRADE CENTRE, RAJGARH KOTHI; A.B. ROAD, INDORE, MADHYA PRADESH, INDIA

-

39

90241122

15/05/2004 *

50,000,000.00

PUNJAB NATIONAL BANK

SIYAGANJ BRANCH, INDORE, MADHYA PRADESH, INDIA

-

40

90243681

31/03/2004

100,000,000.00

THE BANK OF RAJASTHAN LIMITED

OVERSEAS BRANCH; C-WING, MITTAL TOWER; NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA

-

41

90241118

30/11/2004 *

250,000,000.00

ING VYSYA BANK LIMITED

OPERA HOUSE BRANCH, MUMBAI, MAHARASHTRA, INDIA

-

42

90187973

09/03/2004

202,500,000.00

THE JAMMU & KASHMIR BANK LIMITED

DIAMOND COLONY, INDORE, MADHYA PRADESH, INDIA

-

43

90241101

25/08/2004 *

240,000,000.00

UTI BANK LIMITED

KAMAL PLACE; 1, YASHWANT COLONY; YASHWANT NIWAS R
OAD, INDORE, MADHYA PRADESH - 452001, INDIA

-

44

90241097

19/02/2004

141,000,000.00

THE KARUR VYSYA BANK LIMITED

APPOLO TRADE CENTRE, RAJGARH KOTHI; A.B. ROAD, INDORE, MADHYA PRADESH, INDIA

-

45

90188929

13/12/2003

100,000,000.00

KARUR VYSYA BANK LIMITED

ERODE ROAD, INDORE, MAHARASHTRA, INDIA

-

46

90241062

09/06/2004 *

150,000,000.00

STATE BANK OF INDIA

INDUSTRIAL FINANCE BRANCH, A.B. ROAD (NEAR G.P.O.), INDORE, MADHYA PRADESH, INDIA

-

47

90050173

13/11/2003

150,000,000.00

PUNJAB NATIONAL BANK

M.P.H.B. BRANCH, INDORE, MADHYA PRADESH, INDIA

-

48

90144521

06/06/2003

175,000,000.00

CREDIT AGRICOLE INDOSUEZ

HOMCHAT HOUSE, 11TH FLOOR; NARIMAN POINT, MUMBAI,
MAHARASHTRA - 400021, INDIA

-

49

90144428

08/07/2003 *

100,000,000.00

LORD KRISHNA BANK LTD

NO. 281; ANNA SALAI, CHENNAI, TAMIL NADU - 600018,
INDIA

-

50

90240967

17/03/2003

25,000,000.00

PUNJAB NATIONAL BANK

SIYAGANJ BRANCH, INDORE, MADHYA PRADESH, INDIA

-

 

 

UNSECURED LOAN:

 

Particulars

31.03.2015

Rs. In Million

31.03.2014

Rs. In Million

LONG TERM BORROWINGS

 

Deferred Sales Tax Liability

 

720.536

 

 

 

SHORT TERM BORROWINGS

 

 

From Banks / Financial Institutions

 

12289.770

Total

NA

13010.306

 

 

CHANGE OF ADDRESS

 

The registered office of the company has been shifted from 614, Tulsiani Chambers, 2nd Floor, Backbay Reclamation, Nariman Point, Mumbai – 400021, Maharashtra, India to the present address.

 

 

GENERAL INFORMATION (AS ON 31.03.2014)

 

The Company is a Public Limited Company engaged primarily in the business of processing of oil-seeds and refining of crude oil for edible use. The Company also produces oil meal, food products from soya and value added products from downstream and upstream processing. The Company is also engaged in trading in various products and generation of power from wind energy. The Company has manufacturing plants across India and is listed on the Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE).

 

 

 


FIXED ASSETS

 

·         Freehold Land

·         Lease hold Land

·         Buildings

·         Plant and Machinery

·         Windmills

·         Furniture and Fixtures

·         Vehicles

·         Office Equipment

·         Trade Marks

·         Software  

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.63.57

UK Pound

1

Rs.99.67

Euro

1

Rs.70.93

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

KVT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--Profitability

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

6

--CREDIT LINES

1~10

5

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--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

YES

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

49

 

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

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.