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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

494965

Report Date :

10.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

DIVYAM COMMUNICATION  

 

 

Registered Office :

1st Floor, Nokia Care Building, Gandhi Chowk, Mandi – 175001, Himachal Pradesh

Mobile No.:

91-9805800081 (Mr. Ashok Rooplal Sharma)

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Year of Establishment :

2001

 

 

Capital Investment / Paid-up Capital :

INR 0.885 Million

 

 

IEC No.:

[Import-Export Code No.]

Not Applicable (As informed by the management that firm does not have export and import)

 

 

PAN No.:

[Permanent Account No.]

ALVPS0840E

 

 

GSTN :

[Goods & Service Tax Registration No.]

02ALVPS0840E2Z4

 

 

TIN/CST No.:

02090100661

 

 

Legal Form :

Sole Proprietary Concern

 

 

Line of Business :

Dealer, Retailer and service provider for mobile phones and mobile accessories (Confirmed by management)

 

 

No. of Employees :

20 (Approximately)

 

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

 

Maximum Credit Limit :

USD 2500 (IN INR 162512.50)

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Divyam Communication is a dealer, retailer and service provider for mobile phones and mobile accessories. The concern was started in the year 2001 and is based in Himachal Pradesh, India. It is an established proprietary concern having satisfactory track record.


For the financial year ended 2017, the concern has achieved fair revenue of INR 24.502 million and reported profit margin at 1.53% (approximately)


Rating takes into consideration concern’s long established track record of business operation along with satisfactory capital base and fair debt level.

Trade relations are reported as fair. Business is active. Payments are seems to be usually correct and as per commitments.

 

The concern can be considered for business dealings at usual trade terms and conditions.

Note :

Site visit was conducted at the address which you have provided. Our executive has successfully traced the concern at the given address.


At the premises, our executive met Mr. Ashok Sharma (Proprietor) who provided with contact details 09805800081 and email id- divyamcommunication@gmail.com


As per our executive observation, it is a three storey building and concern is located on the first and second floor of the building.


Locality of the premises appears to be commercial, area seems to be neutral and area of the premises is 500 (sq. ft.) (approximately) on 1st floor and 300 (sq. ft.) (approximately) on the 2nd Floor


Name board of the concern was not sighted at the given premises. Landmark of the area is “Gandhi Chowk” and 7 (approximately) employees (on 1st floor) were sighted at the premises.

 

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

(30.09.2017)

Current Rating

(31.12.2017)

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 10.03.2018

 

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 PARTED BY

 

Name :

Mr. Ashok Rooplal Sharma

Designation :

Proprietor

Contact No.:

91-9805800081

Date :

09.03.2018

 

 

LOCATIONS

 

Registered Office :

1st Floor, Nokia Care Building, Gandhi Chowk, Mandi – 175001, Himachal Pradesh, India 

Tel. No.:

Not Available

Mobile No.:

91-9805800081

Fax No.:

Not Available

E-Mail :

divyamcommunication@gmail.com

Area :

500 Sq. Ft. (As per site visit)

Locality :

Commercial (As per site visit)

 

 

Retail showroom :

Shop No. 52-53, Indira Market, Gandhi Chowk, Mandi - 175001, Himachal Pradesh, India 

 

 

Service Center 1:

NH 21, Sunder Nagar, Near Gopal Mandir, Himachal Pradesh, India 

 

 

Service Center 2:

2nd Floor, Nokia Care Building, Gandhi Chowk, Mandi – 175001, Himachal Pradesh, India 

Area :

300 Sq. Ft. (As per site visit)

Locality :

Commercial (As per site visit)

 

 

 

SOLE PROPRIETOR

 

Name :

Mr. Ashok Rooplal Sharma

Designation :

Proprietor

Date of Birth :

02.05.1973

PAN No.:

ALVPS0840E

 

BUSINESS DETAILS

 

Line of Business :

Dealer, Retailer and service provider for mobile phones and mobile accessories (Confirmed by management)

 

 

Products :

Mobile Phones and Mobile Accessories

 

 

Brand Names :

Not Available

 

 

Agencies Held :
  • Nokia
  • Airtel
  • Vivo 

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash, Advance Payment, Cheque and Others (RTGS, NEFT)

 

 

Purchasing :

Cash, Advance Payment, Cheque and Others (RTGS, NEFT)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Wholesalers, Retailers, End Users

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

20 (Approximately)

 

 

Bankers :

Banker Name :

State Bank of India

Branch :

Gandhi Chowk, Mandi – 175001, Himachal Pradesh, India 

Person Name (With Designation) :

--

Contact Number :

91-1905-222072/222073 (Continuously ringing)

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

Auditors :

 

Name :

Ashish Mahajan and Associates

Chartered Accountants

 

 

Collaborators :

Not Available

 

 

Membership :

Not Available

 

 

Sister Concern :

--

 

 

CAPITAL STRUCTURE

 

As on 31.03.2017

 

Capital Investment :

 

Owned :

INR 0.885 Million

Borrowed :

--

Total :

INR 0.885 Million

 

 

 

FINANCIAL DATA

[all figures are INR Million]

 

Note: Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry Records.

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

 

31.03.2017

EQUITY AND LIABILITIES

 

 

 

1] Proprietors  Capital

 

 

0.885

2] Share Application Money

 

 

0.000

3] Reserves & Surplus

 

 

0.000

4] (Accumulated Losses)

 

 

0.000

NETWORTH

 

 

0.885

LOAN FUNDS

 

 

 

1] Secured Loans

 

 

2.395

2] Unsecured Loans

 

 

0.000

TOTAL BORROWING

 

 

2.395

DEFERRED TAX LIABILITIES

 

 

0.000

 

 

 

 

TOTAL

 

 

3.280

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

 

0.228

Capital work-in-progress

 

 

0.000

 

 

 

 

INVESTMENT

 

 

0.000

DEFERREX TAX ASSETS

 

 

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
 
 

 

Sundry Debtors
 
 
 

 

Cash & Bank Balances
 
 
6.132

 

Other Current Assets
 
 
 

 

Loans & Advances
 
 
 

Total Current Assets
 
 
6.132

Less : CURRENT LIABILITIES & PROVISIONS
 
 
 

 

Sundry Creditors
 
 

 

Other Current Liabilities and Provisions
 
 
 

Total Current Liabilities
 
 
3.080

Net Current Assets
 
 
3.052

 

 

 

 

MISCELLANEOUS EXPENSES

 

 

0.000

 

 

 

 

TOTAL

 

 

3.280

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

 

31.03.2017

 

SALES

 

 

 

 

Income

 

 

24.502

 

Other Income

 

 

0.251

 

TOTAL

 

 

24.753

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of goods sold

 

 

23.566

 

Purchases of Stock-in-Trade

 

 

0.000

 

Salary

 

 

0.114

 

Printing and Stationery

 

 

0.003

 

Computer Expenses

 

 

0.002

 

Car Expenses

 

 

0.022

 

Rent Shop

 

 

0.188

 

Shop Expenses

 

 

0.008

 

Short and Excess

 

 

0.000

 

Telephone Expenses

 

 

0.012

 

Store and Spair

 

 

0.066

 

Accounting Charges

 

 

0.018

 

Audit Fee

 

 

0.004

 

Legal Fee

 

 

0.001

 

TOTAL

 

 

24.004

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

 

 

0.749

 

 

 

 

 

Less

FINANCIAL EXPENSES

 

 

0.317

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

 

 

0.432

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

 

 

0.058

 

 

 

 

 

 

NET PROFIT/ (LOSS) 

 

 

0.374

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

 

 

31.03.2017

Asset Turnover

(Operating Income / Net Fixed Assets)
 

 

3.29

 

LEVERAGE RATIOS

 

PARTICULARS

 

 

 

31.03.2017

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)
 

 

0.86

 
 

 

 

Debt Equity Ratio

(Total Liability / Networth)
 

 

2.71

 
 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)
 

 

3.48

 
 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)
 

 

0.26

 
 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)
 

 

2.36

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

 

 

31.03.2017

Net Profit Margin

((PAT / Sales) * 100)

%
 

 

1.53

 

 
 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%
 

 

5.88

 

 
 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%
 

 

42.26

 

SOLVENCY RATIOS

 

PARTICULARS

 

 

 

31.03.2017

Current Ratio

(Current Assets / Current Liabilities)
 

 

1.99

 
 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)
 

 

1.99

 
 

 

 

G-Score Ratio Financial

(Networth / Total Assets)
 

 

0.14

 
 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)
 

 

2.71

 
 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)
 

 

1.99

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

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

Yes

5

Buyer visit details

Yes

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

No

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)

No

16

No. of employees

Yes

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

No

26

Turnover of firm for last one year

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last one year

Yes

30

Major shareholders, if available

No

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

OBSERVATION POINTS

 

Name of Company :

DIVYAM COMMUNICATION  

 

 

Address :

1st and 2nd, Floor, Nokia Care Building, Gandhi Chowk, Mandi – 175001, Himachal Pradesh, India 

 

 

Mobile No.:

91-9805800081

 

 

Email:

divyamcommunication@gmail.com

 

 

Person to whom we met:

Mr. Ashok Rooplal Sharma         Designation: Proprietor

 

 

Name Board:

Not Sighted

 

 

Location:

Easy

 

 

Landmark (If Any):

Gandhi Chowk

 

 

Total Floors of the building:

3

 

 

Subject situated on:

1st and  2nd  Floor

 

 

Locality:

Commercial 

 

 

Area of Premises :

500 Sq. Ft (1st Floor)

300 Sq. Ft  (2nd Floor)

 

 

Area:

Neutral

 

 

No. of Employees seen at Premises :

7

 

 

Visibility of Items:
  • Telephone
  • Computers
  • Air Conditioner
  • Office equipment
  • Xerox machine

 

 

Furniture items sighted:

Yes

 

 

Proof of visit:

Photograph

 

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 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 65.10

UK Pound

1

INR 79.59

Euro

1

INR 90.45

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

RKI

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--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

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)

 

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.