MIRA INFORM REPORT

Report Date :

01.06.2013

IDENTIFICATION DETAILS

Name :	MANGO TRADING COMPANY LIMITED
Registered Office :	Crugsillick Manor Ruan High Lanes Truro TR2 5LJ
Country :	United Kingdom
Financials (as on) :	31.12.2011
Date of Incorporation :	13.12.2000
Com. Reg. No.:	04124780
Legal Form :	Private limited with Share Capital
Line of Business :	Wholesale of Fruit and Vegetables
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
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 – March, 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
United Kingdom	A1	A1

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 second largest economy in Europe after Germany. 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 aimed 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 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of up to £375 billion (approximately $605 billion) as of December 2012. 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). In 2012, weak consumer spending and subdued business investment weighed on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Company Name	MANGO TRADING COMPANY LIMITED	Company Number	04124780
Registered Address	CRUGSILLICK MANOR	Trading Address	Crugsillick Manor Ruan High Lanes Truro Cornwall TR2 5LJ
	RUAN HIGH LANES
	TRURO
	TR2 5LJ
Website Address	-
Telephone Number	-	Fax Number
TPS	-	FPS	No
Incorporation Date	13/12/2000	Company Status	Active - Accounts Filed
Previous Name		Type	Private limited with Share Capital
Date of Change	-	Filing Date of Accounts	28/09/2012

DIRECTORS/MANAGEMENT

Total Current Directors	1
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	2

Current Directors

Name	Brian Anthony Yule	Date of Birth	04/02/1945
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	13/12/2000
Address	Crugsillick Manor, Ruan High Lanes, Truro, Cornwall, TR2 5LJ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

NEGATIVE INFORMATION

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -	\csukserver01002INT'L CREDIT REPORT2013.05.002013.05.30CCJDetails.aspx?CompanyNumber=04124780
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -	\csukserver01002INT'L CREDIT REPORT2013.05.002013.05.30CCJDetails.aspx?CompanyNumber=04124780
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -	\csukserver01002INT'L CREDIT REPORT2013.05.002013.05.30CCJDetails.aspx?CompanyNumber=04124780
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

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
ALISON AGNEW	GBP	50	ORDINARY	1	50
BRIAN ANTHONY YULE	GBP	50	ORDINARY	1	50

Share Capital

£100

PAYMENT INFORMATION

Payment Information Summary

Days Beyond Terms

Trend Indicator

Average Payment Experience

N/A	11
Company DBT	UK Average DBT

Steady

Improving Worsening

Within Terms 91+ Days

Creditor Details

No Creditor Data

Total Value

-

Trade Debtors / Bad Debt Detail

No Debtor Data

Total Value

-

GROUP STRUCTURE & AFFILIATED COMPANIES

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group structure

No group structure

FINANCIAL INFORMATION

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/12/2011	-	-	£273,106	-
31/12/2010	-	-	£263,247	-
31/12/2009	-	-	£246,468	-

Profit & Loss

	Date Of Accounts	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08	(%)	31/12/07
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	-	-	-	-	-	-	-	-	-
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	-	-	-	-	-	-	-	-	-
	Gross Profit	-	-	-	-	-	-	-	-	-
	Wages & Salaries	-	-	-	-	-	-	-	-	-
	Directors Emoluments	-	-	-	-	-	-	-	-	-
	Operating Profit	-	-	-	-	-	-	-	-	-
	Depreciation	£923	-36.1%	£1,445	176.8%	£522	-	£522	-41.3%	£890
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08	(%)	31/12/07
	Tangible Assets	£2,770	-25%	£3,693	607.5%	£522	-50%	£1,044	-33.3%	£1,566
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£2,770	-25%	£3,693	607.5%	£522	-50%	£1,044	-33.3%	£1,566
	Stock	£171,582	114.2%	£80,090	55.8%	£51,401	-64.3%	£144,030	308.9%	£35,220
	Trade Debtors	£111,225	-41.2%	£189,057	166.6%	£70,913	-42.9%	£124,165	-16.8%	£149,199
	Cash	£154,316	55.6%	£99,187	-50.7%	£201,234	408.1%	£39,603	-64.4%	£111,231
	Other Debtors	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£437,123	18.7%	£368,334	13.8%	£323,548	5.1%	£307,798	4.1%	£295,650
	Trade Creditors	£166,787	53.3%	£108,780	40.2%	£77,602	-36.7%	£122,668	-31.7%	£179,731
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
	Total Current Liabilities	£166,787	53.3%	£108,780	40.2%	£77,602	-36.7%	£122,668	-31.7%	£179,731
	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

Capital & Reserves

	Date Of Accounts	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08	(%)	31/12/07
	Called Up Share Capital	£100	-	£100	999.9%	£1	-	£1	-	£1
	P & L Account Reserve	£273,006	3.7%	£263,147	6.8%	£246,467	32.4%	£186,173	58.5%	£117,484
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£273,106	3.7%	£263,247	6.8%	£246,468	32.4%	£186,174	58.5%	£117,485

Other Financial Items

	Date Of Accounts	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08	(%)	31/12/07
	Net Worth	£273,106	3.7%	£263,247	6.8%	£246,468	32.4%	£186,174	58.5%	£117,485
	Working Capital	£270,336	4.2%	£259,554	5.5%	£245,946	32.9%	£185,130	59.7%	£115,919
	Total Assets	£439,893	18.2%	£372,027	14.8%	£324,070	4.9%	£308,842	3.9%	£297,216
	Total Liabilities	£166,787	53.3%	£108,780	40.2%	£77,602	-36.7%	£122,668	-31.7%	£179,731
	Net Assets	£273,106	3.7%	£263,247	6.8%	£246,468	32.4%	£186,174	58.5%	£117,485

Cash Flow

	Date Of Accounts	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08	(%)	31/12/07
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08	(%)	31/12/07
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£273,106	3.7%	£263,247	6.8%	£246,468	32.4%	£186,174	58.5%	£117,485

Ratios

	Date Of Accounts	31/12/11	31/12/10	31/12/09	31/12/08	31/12/07
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	2.62	3.39	4.17	2.51	1.64
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	0	0	0	0	0
	Equity in %	62.10	70.80	76.10	60.30	39.50
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	1.59	2.64	3.50	1.33	1.44
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	0.61	0.41	0.31	0.65	1.52
	Total Debt Ratio	0.61	0.41	0.31	0.65	1.52
	Stock Turnover Ratio %	-	-	-	-	-
	Return on Net Assets Employed %	-	-	-	-

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

SIC03	5131
SIC03 Description	Wholesale of fruit and vegetables
SIC07	46310
SIC07 Description	WHOLESALE OF FRUIT AND VEGETABLES
Principal Activity	Wholesale of dried fruit.

Current Company Secretary

Name	Alison Margaret Agnew	Date of Birth	28/07/1954
Officers Title	Dr	Nationality	British
Present Appointments	1	Function	Company Secretary
Appointment Date	13/12/2000
Address	Crugsillick Manor, Ruan High Lanes, Truro, Cornwall, TR2 5LJ

	Number of Employees	-	-	-	-	-	-	-	-	-
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Status History

No Status History found

Event History

Date	Description
22/12/2012	Annual Returns
09/10/2012	New Accounts Filed
09/01/2012	Annual Returns
05/10/2011	New Accounts Filed
05/10/2011	New Accounts Filed
21/12/2010	Annual Returns
29/09/2010	New Accounts Filed
20/09/2010	Change in Reg.Office
20/09/2010	Change of Company Postcode
30/12/2009	Annual Returns
03/11/2009	New Accounts Filed
18/01/2009	Annual Returns
12/11/2008	New Accounts Filed
31/01/2008	Alison Agnew Details have changed
31/01/2008	Brian Yule Details have changed

Previous Company Names

No Previous Names found

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
PENNINGTONS DIRECTORS (NO 1) LIMITED	47	513
PENNSEC LIMITED	191	427

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.49
UK Pound	1	Rs.86.81
Euro	1	Rs.73.68

INFORMATION DETAILS

Report Prepared by :

SDA

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.