MIRA INFORM REPORT

Report No. :	333413
Report Date :	23.07.2015

IDENTIFICATION DETAILS

Name :	N N ENTERPRISES
Registered Office :	Shop No. 19 and 20 Ama Plaza, Near Kanaydan Karyala Hadapsarkaryala, Pune 411028, Maharashtra
Tel. No.:	91-20-6404816
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	29.06.2010
Capital Investment / Paid-up Capital :	Rs. 3.704 Million
IEC No.:	3110011701
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAHFN9151E
Legal Form :	Partnership Concern with an Unlimited Liability of the Partners
Line of Business :	Trader, Exporter and Importers of Printing Equipments and Accessories.
No. of Employees :	9 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (26)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a partnership concern established in 2010, having moderate track. As per the available financial of the year 2014, the concern has reported significant decrease in its sales turnover. Further Mr. Nitesh Shah (Partner) claimed that the decrease in sales was due to unfavorable market fluctuations. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The concern can be considered for business dealings with usual trade terms and conditions. (Note : Net profit figure was not shown in Available financials of 2014)

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Nitesh Shah
Designation :	Partner
Contact No.:	91-20-64004816
Date :	22.07.2015

LOCATIONS

Registered Office/ Factory :	Shop No. 19 and 20 Ama Plaza, Near Kanaydan Karyala Hadapsarkaryala, Pune 411028, Maharashtra, India
Tel. No.:	91-20-64004816
Mobile No.:	91-8087989751 (Mr. Nitesh Shah)
Fax No.:	91-20-26824969
E-Mail :	nnenterprises.10@gmail.com shahnitesh@nnenterprises.in
Website :	http://www.nnenterprises.in
Location :	Owned

PARTNERS

Name :	Mrs. Nilam P Shah
Designation :	Partner
Date of Birth/Age :	41 Years
Name :	Mr. Anurag N. Palrecha
Designation :	Partner
Date of Birth/Age :	24 Years
Name :	Mr. Nayan N Shah
Designation :	Partner
Date of Birth/Age :	31 Years
Name :	Mr. Nitesh N Shah
Designation :	Partner
Date of Birth/Age :	28 Years

BUSINESS DETAILS

Line of Business :	Trader, Exporter and Importers of Printing Equipments and Accessories.
Products :	Not Available
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Printing Equipments and Accessories
Countries :	Nepal
Imports :
Products :	Raw Material
Countries :	Italy China UK Japan
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

9 (Approximately)

Bankers :

Banker Name	State Bank of India
Branch Address	Hadapsar, Pune, Maharashtra, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Auditors :
Name :	Bharat Shah Chartered Accountant
Address :	Fatima Nagar, Pune, Maharashtra, India
Memberships :	--
Collaborators :	--
Sister Concern :	N N Graphics, Pune, Maharashtra, India

CAPITAL STRUCTURE

AS ON 31.03.2015

Capital Investment :
Owned :	Rs. 3.704 Million (Estimated)
Borrowed :	--
Total :	Rs. 3.704 Million (Estimated)

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2015	31.03.2014	31.03.2013
SHAREHOLDERS FUNDS
1] Share Capital		3.704	3.010	4.474
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		3.704	3.010	4.474
LOAN FUNDS
1] Secured Loans		1.616	2.237	0.000
2] Unsecured Loans		3.460	3.750	2.400
TOTAL BORROWING		5.076	5.987	2.400
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		8.780	8.997	6.874
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.121	0.075	0.092
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	4.953	3.372	2.812
	Cash & Bank Balances	4.213	5.477	4.214
	Other Current Assets	0.040	0.000	0.000
	Loans & Advances	0.744	0.898	0.618
Total Current Assets		9.950	9.747	7.644
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1.291	0.825	0.862
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	0.000	0.000	0.000
Total Current Liabilities		1.291	0.825	0.862
Net Current Assets		8.659	8.922	6.782
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		8.780	8.997	6.874

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015	31.03.2014	31.03.2013
	SALES
		Income	12.438	7.684	10.079
		Other Income	0.000	0.000	0.000
		TOTAL	12.438	7.684	10.079
Less	EXPENSES
		Cost of goods sold	8.682	4.855	5.009
		Salary	0.973	0.762	1.186
		Travelling	0.264	0.193	0.520
		Rent	0.359	0.265	0.119
		Courier/Delivery Expenses	0.250	0.204	0.156
		Telephone	0.007	0.006	0.014
		Petrol	0.000	0.000	0.018
		Interest	0.926	0.499	0.019
		Packing Material	0.051	0.032	0.062
		Bank charges	0.012	0.079	0.013
		Misc. Expenses	0.039	0.076	0.053
		Hamali	0.001	0.012	0.061
		Advt./ Sales Promotion	0.031	0.026	0.103
		Remuneration to Partners	0.244	0.056	1.499
		Other Expenses	0.547	0.598	0.376
		TOTAL	12.386	7.663	9.208
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.052	0.021	0.871
Less/ Add	DEPRECIATION/ AMORTISATION		0.025	0.016	0.023
	PROFIT BEFORE TAX		0.027	0.005	0.848
Less	TAX		0.000	0.000	0.274
	PROFIT AFTER TAX		0.027	0.005	0.574

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	0.22	0.07	5.70
Return on Total Assets (PBT/Total Assets}	(%)	0.31	0.06	12.50
Return on Investment (ROI) (PBT/Networth)		0.00	0.00	0.19
Debt Equity Ratio (Total Debt /Networth)		1.37	1.99	0.54
Current Ratio (Current Asset/Current Liability)		7.70	11.81	8.87

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	4.474	3.010	3.704
Reserves & Surplus	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	4.474	3.010	3.704
Secured Loans	0.000	2.237	1.616
Unsecured Loans	2.400	3.750	3.460
Current Maturities of Long Term Debt	0.000	0.000	0.000
Total borrowings	2.400	5.987	5.076
Debt/Equity ratio	0.536	1.989	1.370

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	10.079	7.684	12.438
		(23.762)	61.869

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	10.079	7.684	12.438
Profit	0.574	0.005	0.027
	5.70%	0.07%	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	Yes
8	Designation of contact person	Yes
9	Promoter’s background	No
10	Date of Birth of Proprietor / Partners / Directors	No
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)	Yes
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	No
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 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	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

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 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	Indian Rupees
US Dollar	1	Rs. 63.53
UK Pound	1	Rs. 99.19
Euro	1	Rs. 69.90

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	KIN
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

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.