MIRA INFORM REPORT

Report Date :

11.11.2013

IDENTIFICATION DETAILS

Name :	TRADE GATEWAY LIMITED
Registered Office :	Suite 17 & 18 Riverside House, Lower Southend Road
Country :	United Kingdom
Financials (as on) :	30.09.2012
Date of Incorporation :	19.09.2006
Legal Form :	Private Limited With Share Capital
Line of Business :	Non-Specialised Wholesale Trade
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 :	Slow but correct
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

Summary – Company Information

Company Name	TRADE GATEWAY LIMITED	Company Number	05939167
Registered Address	SUITE 17 & 18 RIVERSIDE HOUSE	Trading Address	17-18 Riverside House Lower Southend Road Wickford Essex SS11 8BB
	LOWER SOUTHEND ROAD
	WICKFORD
	SS11 8BB
Website Address	-
Telephone Number	-	Fax Number
TPS	-	FPS	No
Incorporation Date	19/09/2006	Company Status	Active - Accounts Filed
Previous Name		Type	Private limited with Share Capital
Date of Change	-	Filing Date of Accounts	28/06/2013
		Share Capital	£1
SIC03	5190	Currency	GBP
SIC03 Description	Other wholesale
SIC07	46900
SIC07 Description	NON-SPECIALISED WHOLESALE TRADE
Principal Activity

DIRECTORS/MANAGEMENT

Directors

Total Current Directors	1
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	5

Current Directors

Name	Balal Ahmed Khan	Date of Birth	04/11/1971
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Director
Appointment Date	02/05/2007
Address	18 Wick Drive, Wickford, Essex, SS12 9AS
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Sehar Bilal Khan	Date of Birth	24/03/1976
Officers Title		Nationality	British
Present Appointments	1	Function	Company Secretary
Appointment Date	02/05/2007
Address	18 Wick Drive, Wickford, Essex, SS12 9AS
Other Actions		View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

NEGATIVE INFORMATION

CCJ

Total Number of Exact CCJs -	1	Total Value of Exact CCJs -	£915
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	3	Total Value of Satisfied CCJs -	£19,544
Total Number of Writs -	-

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
03/06/2011	NORTHAMPTON CCBC	£1,655	Satisfied	1XJ12186	12/08/2011
17/11/2010	BASILDON	£15,621	Satisfied	0XC40218	10/02/2012
01/07/2010	NORTHAMPTON CCBC	£915	Judgement	0QG62876	-
03/07/2008	BANBURY	£2,268	Satisfied	8JM22387	22/03/2012

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

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
BALAL AHMED KHAN	GBP	1	ORDINARY	1	100

PAYMENT INFORMATION

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
30/09/2012	-	-	£30,545	-
30/09/2011	-	-	£16,105	-
30/09/2010	-	-	-£4,821	-

Payment Information Summary

Days Beyond Terms

Trend Indicator

                         Average Payment Experience  

N/A	14
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

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

FINANCIAL INFORMATION

Financials

Profit & Loss

	Date Of Accounts	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09	(%)	30/09/08
	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	£1,207	241.9%	£353	10%	£321	41.4%	£227	-	-
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09	(%)	30/09/08
	Tangible Assets	£3,489	229.5%	£1,059	-4.8%	£1,112	62.8%	£683	-	0
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£3,489	229.5%	£1,059	-4.8%	£1,112	62.8%	£683	-	0
	Stock	£88,270	50%	£58,840	22.6%	£48,000	284%	£12,500	363%	£2,700
	Trade Debtors	£18,063	-29.8%	£25,724	74.2%	£14,764	143.7%	£6,058	219.3%	£1,897
	Cash	0	-	0	-100%	£252	-61.9%	£662	-	0
	Other Debtors	0	-100%	£8,080	-	0	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£106,333	14.8%	£92,644	47%	£63,016	227.9%	£19,220	318.1%	£4,597
	Trade Creditors	£78,661	1.5%	£77,485	12.7%	£68,739	178.1%	£24,720	205.4%	£8,093
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	0	-	0	-	0	-	0	-100%	£1,897
	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
	Total Current Liabilities	£78,661	1.5%	£77,485	12.7%	£68,739	178.1%	£24,720	147.4%	£9,990
	Bank Loans & Overdrafts and LTL	£616	445.1%	£113	-46.2%	£210	-	0	-	0
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£616	445.1%	£113	-46.2%	£210	-	0	-	0

Capital & Reserves

	Date Of Accounts	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09	(%)	30/09/08
	Called Up Share Capital	£1	-	£1	-	£1	-	£1	-	£1
	P & L Account Reserve	£30,544	89.7%	£16,104	434%	-£4,822	-0.1%	-£4,818	10.7%	-£5,394
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£30,545	89.7%	£16,105	434.1%	-£4,821	-0.1%	-£4,817	10.7%	-£5,393

Other Financial Items

	Date Of Accounts	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09	(%)	30/09/08
	Net Worth	£30,545	89.7%	£16,105	434.1%	-£4,821	-0.1%	-£4,817	10.7%	-£5,393
	Working Capital	£27,672	82.5%	£15,159	364.9%	-£5,723	-4.1%	-£5,500	-2%	-£5,393
	Total Assets	£109,822	17.2%	£93,703	46.1%	£64,128	222.2%	£19,903	333%	£4,597
	Total Liabilities	£79,277	2.2%	£77,598	12.5%	£68,949	178.9%	£24,720	147.4%	£9,990
	Net Assets	£30,545	89.7%	£16,105	434.1%	-£4,821	-0.1%	-£4,817	10.7%	-£5,393

Cash Flow

	Date Of Accounts	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09	(%)	30/09/08
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09	(%)	30/09/08
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£31,161	92.1%	£16,218	451.7%	-£4,611	4.3%	-£4,817	10.7%	-£5,393
	Number of Employees	-	-	-	-	-	-	-	-	-
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	30/09/12	30/09/11	30/09/10	30/09/09	30/09/08
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	1.35	1.20	0.92	0.78	0.46
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	2	0.70	-4.40	0	0
	Equity in %	27.80	17.20	-7.50	-24.20	-117.30
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	0.22	0.43	0.21	0.27	0.18
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	2.57	4.81	-14.25	-5.13	-1.85
	Total Debt Ratio	2.59	4.81	-14.30	-5.13	-1.85
	Stock Turnover Ratio %	-	-	-	-	-
	Return on Net Assets Employed %	-	-	-	-	-

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Commentary

Multiple CCJ's recorded against the company.
There has been no significant change in the company's credit rating.
There is insufficient data to indicate a change in this companies percentage of sales.
Net Worth increased by 89.7% during the latest trading period.
A 17.2% growth in Total Assets occurred during the latest trading period.
There is insufficient data to indicate a change in this companies pre-tax profit.
The company is exempt from audit.
No recent changes in directorship are recorded.
The company is not part of a group.
The movement in accumulated earnings would indicate that the company made a profit after tax and other appropriations, including dividends.
The company was established over 7 years ago.

Event History

Status History

Date	Description
23/09/2011	Compulsory strike off cancelled

*Event History

Date	Description
23/10/2013	Annual Returns
03/07/2013	New Accounts Filed
03/07/2013	New Accounts Filed
07/11/2012	Annual Returns
26/06/2012	New Accounts Filed
30/09/2011	Annual Returns
05/07/2011	New Accounts Filed
06/11/2010	Annual Returns
03/07/2010	New Accounts Filed
28/01/2010	New Accounts Filed
18/11/2009	Annual Returns
11/09/2009	Accounts Overdue
30/10/2008	New Accounts Filed
10/10/2008	Annual Returns
15/10/2007	Annual Returns

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.73
UK Pound	1	Rs.100.92
Euro	1	Rs.84.06

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.