MIRA INFORM REPORT

Report Date :

20.11.2012

IDENTIFICATION DETAILS

Name :	MX IMPORT LIMITED

Registered Office :	63 GREYSTOKE AVENUE, PINNER, MIDDLESEX, HA5 5SN

Country :	United Kingdom

Date of Incorporation :	08.11.2011

Com. Reg. No.:	07838315

Legal Form :	Private limited with Share Capital

Line of Business :	Not Available

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New Business
Payment Behaviour :	Unknown
Litigation :	Clear

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 – June 30^th, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

United Kingdom - ECONOMIC OVERVIEW

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Summary – Company Information

Company Name	MX IMPORT LIMITED	Company Number	07838315

Registered Address	63 GREYSTOKE AVENUE	Trading Address	63 Greystoke Avenue Pinner Middlesex HA5 5SN
	PINNER
	MIDDLESEX
	HA5 5SN
Website Address	-
Telephone Number	-	Fax Number
TPS	-	FPS	No
Incorporation Date	08/11/2011	Company Status	Active - Newly Incorporated
Previous Name		Type	Private limited with Share Capital
Date of Change	-	Filing Date of Accounts	-
		Share Capital	-
SIC03		Currency
SIC03 Description
SIC07
SIC07 Description
Principal Activity

DIRECTORS/MANAGEMENT

Directors

Total Current Directors	2
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	0

Current Directors

Name	Inderpal Singh Sabharwal	Date of Birth	07/09/1954
Officers Title		Nationality	Indian
Present Appointments	1	Function	Director
Appointment Date	08/11/2011
Address	63 Greystoke Avenue, , Pinner, HA5 5SN
Other Actions	View Director Report	View Consumer Report	View Trace Report

Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Narinder Pal Kaur Sabharwal	Date of Birth	23/12/1954
Officers Title	Ms	Nationality	Indian
Present Appointments	1	Function	Director
Appointment Date	08/11/2011
Address	63 Greystoke Avenue, , Pinner, HA5 5SN
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Directors

Previous Director/Company Secretaries

No Previous Director Details

NEGATIVE INFORMATION

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Exact CCJ Details

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

Mortgage Summary

Outstanding	0
Satisfied	0

Full CCJ Details

Exact CCJ Details

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

No Shareholder Details

PAYMENT INFORMATION

Summary – Payment History

Last 3 Years Credit Rating/Limit

Date	Rating	Limit
31/12/2011	51	£1,000

Key Financials

No key Financials Registered

Payment Information Summary

Days Beyond Terms

Trend Indicator

Average Payment Experience

N/A	9
Company DBT	UK Average DBT

Steady

Improving Worsening

Be the first to leave a payment experience
for this company Click Here

Within Terms 91+ Days

Creditor & Debtor Details

Creditor Details

No Creditor Data

Total Value

Trade Debtors / Bad Debt Detail

No Debtor Data

Total Value

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group structure

No group structure

Linkages

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Commentary

No exact match CCJs are recorded against the company.
There has been no significant change in the company's credit limit.
No recent changes in directorship are recorded.
The company is not part of a group.
Newer companies are proven to be more of an insolvency risk than more established companies.

Event History

Status History

No Status History found

Event History

Date	Description
10/11/2011	New Board Member Ms N.P. Sabharwal appointed	View Document
10/11/2011	New Board Member I.S. Sabharwal appointed	View Document

Rating History

Date	Rating	Description
10/11/2011	51	Good Credit Worthiness

Limit History

Date	Limit
10/11/2011	£1,000

Previous Company Names

No Previous Names found

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.96
UK Pound	1	Rs.87.49
Euro	1	Rs.70.15

INFORMATION DETAILS

Report Prepared by :

PDT

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	--

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%)

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.