About Fine Organic Industries Limited

Incorporated in 2002, Mumbai based Fine Organic Industries Limited is a company engaged in manufacturing of oleochemical-based additives. As per CRISIL Research Report, it is the largest manufacturer of oleochemical-based additives in India and a strong player globally in this industry. The company produces a wide range of specialty plant derived oleochemicals-based additives used in the food, plastic, cosmetics, paint, ink, coatings and other specialty application in various industries. It has a range of 387 different products sold under the 'Fine Organics' brand.  Fine Organics is the first company to introduce slip additives in India and is the largest producer of slip additives in the world. Its direct customers are multinational, regional and local players manufacturing consumer products, such as Hindustan Unilever and Parle Products, and petrochemical companies and polymer producers globally. The plastics additives and specialty additives are also used in the packaging of foods and other fast moving consumer goods.

The company currently has three production facilities in Ambernath, Badlapur, and Dombivli in Maharashtra. As of December 31, 2017, these three facilities have a combined installed capacity of approximately 64,300 tonnes per annum. The company's products are also manufactured on a job-work basis by Olefine Organics ("Olefine"), a partnership firm and a Promoter Group entity, at a manufacturing facility in Ambernath, Maharashtra. It plans to take over the operation of the Second Ambernath Facility once Olefine has received the approval to enter into a sub-lease with us from MIDC, which is the owner of the land on which the facility is located, which is expected to occur in the fourth quarter of Fiscal 2018. The company has a dedicated research and development ("R&D") center located in Mahape, Navi Mumbai.

The Company has 596 full-time employees on its payroll.

Objects of the IPO Issue:

The objects of the Offer are to achieve the benefits of listing Equity Shares on the Stock Exchanges and to carry out the sale of up to 7,664,994 Offered Shares by the Selling Shareholders. The listing of Equity Shares will enhance the Company's brand name and provide liquidity to the existing Shareholders. The listing will also provide a public market for Equity Shares in India. The Company will not receive any proceeds from the Offer and all the proceeds from the Offer, less Offer related expenses, will go to the Selling Shareholders.

RITES Limited IPO Issue Details

Company Promoters:

1. Prakash Damodar Kamat;
2. Mukesh Maganlal Shah;
3. Jyotsna Ramesh Shah;
4. Jayen Ramesh Shah;
5. Tushar Ramesh Shah; and
6. Bimal Mukesh Shah.
The Promoters hold, in the aggregate, 30,659,976 Equity Shares, representing 100% of the issued and paid-up equity share capital of the company.

Competitive Strengths

1. Largest Producer of Oleochemical-based Additives in India and One of the Few Large Players in the Oleochemicalbased Additives Industry in the World.

2. Diversified Product Portfolio Catering to a Variety of High Growth Industries.

3. Specialised Business Model with High Entry Barriers.

4. Flexible and Strategically Located Production Facilities with In-house Development Capabilities

5. Strong R&D Capability with a Focus on Innovation

6. Diversified Customer Base with Long Term Relationships with Marquee Customers

7. Strong Management Team

Company Financials:

Summary of financial Information (Restated Standalone)