MIRA INFORM REPORT

Report No. :	336847
Report Date :	17.08.2015

IDENTIFICATION DETAILS

Name :	CUSTOM COMMODITIES LTD.

Registered Office :	15th Floor 30 St. Mary Axe London EC3A 8BF

Country :	United Kingdom

Financials (as on) :	30.06.14

Date of Incorporation :	15.09.2011

Com. Reg. No.:	07774498

Legal Form :	Private Limited with Share Capital

Line of Business :	· Agents selling agricultural raw materials, livestock, textile raw materials and semi-finished goods Commodity trading and acting as a facilitation agent to facilitate commodity trades

No. of Employee :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Moderate

Payment Behaviour :	Slow

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, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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. 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 has been a net importer of energy since 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output.

In 2008, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling 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. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 6.0% in 2014.

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

The Bank of England (BoE) implemented an asset purchase program of �375 billion (approximately $586 billion) as of December 2014. 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

Company Name

CUSTOM COMMODITIES LTD.

Company No

07774498

Registered Address

15TH FLOOR 30 ST. MARY AXE LONDON EC3A 8BF

Company Summary

Registered Address

15TH FLOOR 30 ST. MARY AXE
LONDON
EC3A 8BF

Trading Address

15th Floor 30
St. Mary Axe
London
EC3A 8BF

Website Address -

Telephone Number -

Fax Number

TPS -

FPS No

Incorporation Date 15/09/2011

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 04/03/2015

Currency GBP

Share Capital £10,000

SIC07 46110

Charity Number -

SIC07 Description

AGENTS SELLING AGRICULTURAL RAW MATERIALS, LIVESTOCK, TEXTILE RAW MATERIALS AND SEMI-FINISHED GOODS

Principal Activity

Commodity trading and acting as a facilitation agent to facilitate commodity trades. Accounts data converted from US dollar.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

30/06/2014 £40,417,739 £35,171 £47,813 -

30/06/2013 £25,922,003 £14,983 £20,681 -

30/06/2012 - - £8,328 -

Mortgage Summary

Total Mortgage 0

Outstanding 0

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

This company has been treated as a Large company in respect of the rating/limit generated.
This company's return on total assets employed ratio indicates a relatively efficient use of assets.
This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.
The company has more cash than short term bank borrowings.
This company trades in an industry with a lower level of corporate failures.

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

Current Directors

Name	Geoffrey Rowland Anidjar Main	Date of Birth	10/02/1972
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	15/09/2011
Address	Ocbc Centre Suite 36-01, #65 Chulia Street, Singapore 049513
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Mark Anthony Aquino Mendoza	Date of Birth	03/07/1984
Officers Title	Mr	Nationality	Filipino
Present Appointments	1	Function	Director
Appointment Date	08/01/2015
Address	15th Floor 30 St. Mary Axe, London, EC3A 8BF
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	LONDON REGISTRARS LTD	Date of Birth	-
Officers Title		Nationality	British
Present Appointments	187	Function	Company Secretary
Appointment Date	19/12/2014
Address	Suite A 6 Honduras Street, London, EC1Y 0TH
Other Actions		View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MARITIME TRADE CORP	GBP	10,000	ORDINARY	1	100

Financials

Profit & Loss

	Date Of Accounts	30/06/14	(%)	30/06/13	(%)	30/06/12	(%)	-	(%)	-
	Weeks	52	(%)	52	(%)	41	(%)	-	(%)	-
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	-	(%)	-
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	-	(%)	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Turnover	£40,417,739	55.9%	£25,922,003	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Cost of Sales	£40,360,271	55.9%	£25,888,266	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Gross Profit	£57,468	70.3%	£33,737	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Depreciation	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Audit Fees	£7,198	21.8%	£5,909	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Pre Tax Profit	£35,171	134.7%	£14,983	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Taxation	-£8,039	-176.6%	-£2,906	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Profit After Tax	£27,132	124.7%	£12,078	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Retained Profit	£27,132	124.7%	£12,078	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	30/06/14	(%)	30/06/13	(%)	30/06/12	(%)	-	(%)	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Tangible Assets	0	-	0	-	0	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Total Fixed Assets	0	-	0	-	0	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Stock	0	-	0	-	0	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Trade Debtors	0	-	0	-	0	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Cash	£23,828	-99.8%	£12,963,577	999.9%	£9,488	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Other Debtors	£57,751,679	205.2%	£18,923,327	-	0	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Total Current Assets	£57,775,506	81.2%	£31,886,904	999.9%	£9,488	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Trade Creditors	0	-	0	-	0	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Other Short Term Finance	£53,862,973	69.1%	£31,850,828	-	0	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Miscellaneous Current Liabilities	£3,864,721	999.9%	£15,395	999.9%	£1,160	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Total Current Liabilities	£57,727,693	81.2%	£31,866,224	999.9%	£1,160	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Total Long Term Liabilities	0	-	0	-	0	-	-	-	-

Capital & Reserves

	Date Of Accounts	30/06/14	(%)	30/06/13	(%)	30/06/12	(%)	-	(%)	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Called Up Share Capital	£10,331	-	£10,331	3.3%	£10,000	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	P & L Account Reserve	£37,482	262.1%	£10,350	719%	-£1,672	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Shareholder Funds	£47,813	131.2%	£20,681	148.3%	£8,328	-	-	-	-

Other Financial Items

	Date Of Accounts	30/06/14	(%)	30/06/13	(%)	30/06/12	(%)	-	(%)	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Net Worth	£47,813	131.2%	£20,681	148.3%	£8,328	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Working Capital	£47,813	131.2%	£20,681	148.3%	£8,328	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Total Assets	£57,775,506	81.2%	£31,886,904	999.9%	£9,488	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Total Liabilities	£57,727,693	81.2%	£31,866,224	999.9%	£1,160	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Net Assets	£47,813	131.2%	£20,681	148.3%	£8,328	-	-	-	-

Cash Flow

	Date Of Accounts	30/06/14	(%)	30/06/13	(%)	30/06/12	(%)	-	(%)	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Net Cashflow from Operations	-£12,936,844	-199.9%	£12,953,775	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Net Cashflow before Financing	-£1,290,018	-110%	£12,953,775	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Increase in Cash	-£1,290,018	-110%	£12,953,775	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	30/06/14	(%)	30/06/13	(%)	30/06/12	(%)	-	(%)	-
	Contingent Liability	NO	-	NO	-	NO	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Capital Employed	£47,813	131.2%	£20,681	148.3%	£8,328	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants
	Auditors	MAZARS LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	30/06/14	30/06/13	30/06/12	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Pre-tax profit margin %	0.09	0.06	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Current ratio	1	1	8.18	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Sales/Net Working Capital	845.33	1253.43	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Gearing %	0	0	0	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Equity in %	0.10	0.10	87.80	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Liquidity/Acid Test	1	1	8.17	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Return On Capital Employed %	73.55	72.45	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Return On Total Assets Employed %	0.06	0.04	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Current Debt Ratio	1207.36	1540.85	0.13	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Total Debt Ratio	1207.36	1540.85	0.13	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\barchart-grey.png$	Return on Net Assets Employed %	73.55	72.45	-	-	-

Statistics

Group	3 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status	Wholly Owned
Ultimate Holding Company	XANGBO TRADE CREDIT OFFSHORE FUND LTD

Group Structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\tminus.gif$ XANGBO TRADE CREDIT OFFS...	N/A	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\tminus.gif$ MARITIME TRADING CORP	N/A	-	-
$Description: \\vivek\Foreign Report Raw2\CUSTOM COMMODITIES LTD._files\L.gif$ CUSTOM COMMODITIES LTD.	07774498	30.06.2014	N	£40,417,739

Statistics

Group	3 companies
Linkages	0 companies
Countries	In 0 countries

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Andrew Anoop Singh	0	1
Average Invoice Value	n/a
Invoices available	n/a
Paid	n/a
Outstanding	n/a

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid
Outstanding

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.12
UK Pound	1	Rs.101.62
Euro	1	Rs.72.56

INFORMATION DETAILS

Analysis Done by :	KAS

Report Prepared by :	ASH

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.