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|
MIRA INFORM REPORT
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Report No. : |
481746 |
|
Report Date : |
06.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
DIVA ONLINE STORE LLP |
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|
|
|
Registered
Office : |
Gala No. 316/317, Shreeyansh Diamond Center, Mini Bazar, Varachha
Road, |
|
Tel. No.: |
91-261-6574040 |
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
01.09.2014 |
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|
LLPIN : |
AAC-6560 |
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|
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Total
Obligation of Contribution: |
INR 0.500 Million |
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|
|
|
IEC No.: |
Not Divulged |
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GSTIN : |
Not Divulged |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Limited Liability Partnership |
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Line of Business
: |
Subject is carrying on Business of E-Commerce, Buying, Selling,
Trading, Export, Import, Commission Agent, Distributors, Online Trading,
Offline Trading or otherwise to deal in Garments, Apparels, Store Merchandi.
(Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 1400 |
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Status : |
Satisfactory |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a Limited Liability partnership firm established in the
year 2014. It is engaged in business of e-commerce, buying, selling, trading, export,
import, commission agent, distributors, online trading, offline trading or
otherwise to deal in garments, apparels, store merchandi, etc. As per the Registrar of Companies date of Balance sheet (i.e.
financial filed) is shown as 31.03.2017 but documents related to the
financial for the year 31.03.2017 are not available from any sources. As per the financial of 2016, the subject has achieved a massive
growth of 606.02% in its revenue as compared to the previous year’s revenue
and has reported a low net profit margin of 0.42%. The overall financial position of the subject seems to be satisfactory
marked by average capital base along with acceptable cash accruals. Business is active. Payments are reported to be slow but correct. In view of aforesaid, the firm can be considered for business dealings
at usual trade terms and condition. |
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 06.01.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Pankaj Pawar |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-7698234040/ 9909976086 |
|
Date : |
04.01.2018 |
LOCATIONS
|
Registered Office : |
Gala No. 316/317, Shreeyansh Diamond Center, Mini Bazar, Varachha
Road, |
|
Tel. No.: |
91-261-6574040 |
|
Mobile No.: |
91-7698234040 (Mr. Pankaj Pawar) |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
PARTNERS
As on: 31.03.2017
|
Name : |
Ms. Jignasaben Rakeshkumar Pansuriya |
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|
Designation : |
Designated Partner |
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Address : |
1-Shreeji Park Society, Katargam, Surat – 395004, Gujarat, India |
||||||||||||||||
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Date of Birth/Age : |
05.04.1984 |
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Date of Appointment : |
01.09.2014 |
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DPIN No.: |
06883087 |
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|
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Name : |
Mr. Ravindra Mansukhbhai Sheldiya |
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Designation : |
Designated Partner |
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Address : |
184, Punit Dham Society, Sate light Road, Behind Gopinath Society,
Mota Varachha, Surat – 395101, Gujarat, India |
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Date of Birth/Age : |
01.07.1981 |
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Date of Appointment : |
01.09.2014 |
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DPIN No.: |
05139113 |
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Other Directorship:
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Name : |
Mr. Hitesh Haridasbhai Kaneriya |
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Designation : |
Designated Partner |
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|
Address : |
5, Shantiniketan Society, Mota Varachha, Surat – 395006, Gujarat, India |
||||||||||||||||
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Date of Birth/Age : |
21.09.1984 |
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Date of Appointment : |
01.09.2014 |
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DPIN No.: |
02744616 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Pankaj Pawar |
|
Designation : |
Marketing Manager |
OBLIGATION DETAILS
As on: 31.03.2017
|
Names of Parson |
Obligation
of Contribution (INR In Million) |
|
Ms. Jignasaben Rakeshkumar Pansuriya |
0.200 |
|
Ravindra Mansukhbhai Sheldiya |
0.200 |
|
Hitesh Haridasbhai Kaneriya |
0.100 |
|
Total |
0.500 |
BUSINESS DETAILS
|
Line of Business : |
Subject is carrying on Business of E-Commerce, Buying, Selling,
Trading, Export, Import, Commission Agent, Distributors, Online Trading,
Offline Trading or otherwise to deal in Garments, Apparels, Store Merchandi.
(Registered Activity) |
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|
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|
Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
|
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Auditors : |
|
|
Name : |
HVK and Associates Chartered Accountants |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2016
RAVINDRA
MANSUKHBHAI SHELDIYA
(INR in Million)
|
Particulars |
Amount |
|
Opening Balance |
0.209 |
|
Net Profit from
Profit and Loss Account |
0.022 |
|
Total |
0.231 |
|
Less : Ravindra Sheldiya Loan |
0.031 |
|
Total |
0.200 |
JIGNASABEN
RAKESHKUMAR PANSURIYA
(INR in Million)
|
Particulars |
Amount |
|
Opening Balance |
0.509 |
|
Net Profit from
Profit and Loss Account |
0.022 |
|
Total |
0.531 |
|
Less : Jignasa Pansuri Loan |
0.331 |
|
Total |
0.200 |
HITESH
HARIDASBHAI KANERIYA
(INR in Million)
|
Particulars |
Amount |
|
Opening Balance |
0.105 |
|
Net Profit from
Profit and Loss Account |
0.011 |
|
Total |
0.116 |
|
Less : Hitesh
Kaneriya
Loan |
0.016 |
|
Total |
0.100 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital |
|
0.500 |
0.823 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
0.500 |
0.823 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
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2] Unsecured Loans |
|
1.071 |
0.000 |
|
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TOTAL
BORROWING |
|
1.071 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
|
1.571 |
0.823 |
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|
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
0.025 |
0.000 |
|
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Capital work-in-progress |
|
0.000 |
0.000 |
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INVESTMENT |
|
0.000 |
0.004 |
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DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
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|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.621 |
0.223 |
|
|
Sundry Debtors |
|
0.674 |
0.580 |
|
|
Cash & Bank Balances |
|
0.797 |
0.574 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
2.092 |
1.377 |
|
|
Less : CURRENT LIABILITIES &
PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.359 |
0.549 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
0.187 |
0.009 |
|
Total
Current Liabilities |
|
0.546 |
0.558 |
|
|
Net
Current Assets |
|
1.546 |
0.819 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1.571 |
0.823 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
13.058 |
1.849 |
|
|
Other Income |
|
0.000 |
0.000 |
|
|
TOTAL
|
|
13.058 |
1.849 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
9.396 |
1.219 |
|
|
Direct expense |
|
0.420 |
0.000 |
|
|
Administrative and Other
expenses |
|
3.187 |
0.607 |
|
|
TOTAL |
|
13.003 |
1.826 |
|
|
|
|
|
|
|
|
Net
Profit for the year |
|
0.055 |
0.023 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
|
18.84 |
114.49 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
|
19.37 |
3.19 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
0.00 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
0.76 |
0.40 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
2.14 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
3.23 |
0.68 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
0.05 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
|
0.42 |
1.24 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
2.60 |
1.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
11.00 |
2.79 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
1.29 |
2.47 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
0.91 |
2.08 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
0.24 |
0.60 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
2.14 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
1.29 |
2.47 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2015 |
31.03.2016 |
|
|
|
INR
In Million |
INR
In Million |
|
Partners Capital |
|
0.823 |
0.500 |
|
Reserves & Surplus |
|
0.000 |
0.000 |
|
Money received against share
warrants |
|
0.000 |
0.000 |
|
Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Net
worth |
|
0.823 |
0.500 |
|
|
|
|
|
|
Secured borrowings |
|
0.000 |
0.000 |
|
Unsecured term borrowings |
|
0.000 |
1.071 |
|
Total
borrowings |
|
0.000 |
1.071 |
|
Debt/Equity
ratio |
|
0.000 |
2.142 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2015 |
31.03.2016 |
|
|
|
INR
In Million |
INR
In Million |
|
Sales |
|
1.849 |
13.058 |
|
|
|
606.220 |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.03.2015 |
31.03.2016 |
|
|
|
INR
In Million |
INR
In Million |
|
Sales |
|
1.849 |
13.058 |
|
Profit |
|
0.023 |
0.055 |
|
|
|
1.24% |
0.42% |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
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 two years and
seven months |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
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 |
INDEX OF CAHREGS:
No Charges Exists for Company
UNSECURED LOAN
(INR
in MILLION)
|
Particulars |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Ravindra M Sheladiya |
0.228 |
0.000 |
|
Jignasa Pansuriya |
0.828 |
0.000 |
|
Hitesh Kaneriya |
0.014 |
0.000 |
|
Total |
1.070 |
0.000 |
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 records 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 records 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
|
INR |
|
US Dollar |
1 |
INR 63.38 |
|
|
1 |
INR 86.02 |
|
Euro |
1 |
INR 76.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
TRUP |
SCORE FACTORS
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.