MIRA INFORM REPORT

Report No. :	492535
Report Date :	17.02.2018

IDENTIFICATION DETAILS

Name :	MULTI TRADE LINKS (UK) LTD
Registered Office :	C/O 1st Floor Cervanes House, 5-9 Headstone Road, Harrow, Middlesex, HA1 1PD
Country :	United Kingdom
Financials (as on) :	31.03.2017
Date of Incorporation :	04.04.2008
Com. Reg. No.:	06555378
Legal Form :	Private Limited with Share Capital
Line of Business :	· Wholesale of waste and scrap · General metal merchants, including export of scrap metal. Accounts data converted from US Dollar.
No. of Employees :	4 [2017]

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
United Kingdom	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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; 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 then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the new Conservative majority government. However, the deficit still remains one of the highest in the G7, standing at 4.1% of GDP as of mid-2016, and Britain has pledged to lower its corporation tax from 20% to 17% by 2020. Britain had a debt burden of 92.2% GDP at the end of 2016.

While the UK is one of the fastest growing economies in the G7, economists are concerned about the potential negative impact of the UK’s vote to leave the EU. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services.

Source : CIA

Company name

MULTI TRADE LINKS (UK) LTD

Company Summary

Registered Address C/O 1st Floor Cervanes House, 5-9 Headstone Road, Harrow Middlesex HA1 1PD

Trading Address 5-9 Headstone Road, Harrow Middlesex HA1 1PD

Website Address http://www.mtlinks.co.uk

Company Number 06555378

Telephone Number 02088634477

Fax Number -

TPS Yes

FPS Yes

Incorporation Date 04/04/2008

Previous Name -

Type Private Limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 26/09/2017

Currency GBP

Share Capital £325,000

SIC07 46770

Charity Number -

SIC07 Description Wholesale of waste and scrap

Principal Activity General metal merchants, including export of scrap metal. Accounts data

converted from US Dollar.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company MTC BUSINESS PRIVATE LTD

Accountant -

Mortgages 2

Group 3 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
31.03.2017	£42,018,066	£300,824	£1,984,533	4
31.03.2016	£38,908,521	£486,442	£1,755,486	5
31.03.2015	£56,125,952	£540,189	£1,447,896	6

Mortgage summary

Total Mortgage 1

Outstanding 0

Satisfied 1

Trade debtors/ bad debt summary

Total Number of Documented Trade 1

Total Value of Documented Trade £580

Commentary

This company has been treated as a Medium company.

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

This company's return on total assets employed ratio indicates a relatively efficient use of assets.

This company's bank loans and overdrafts (less cash) account for a moderate percentage of short term liabilities.

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 Number of Writs -	-

Current Directors

Title	Mr	Function	Director
Name	Yogesh Shah	Nationality	British
Date of Birth	06/1960	Present Appointments	1
Latest Address	48 Woodway Crescent, Harrow, Middlesex	Appointment Date	04/04/2008
Post Code	HA1 2NQ
Title	Mr	Function	Director
Name	Shriniwas Bajaj	Nationality	British
Date of Birth	11/1973	Present Appointments	2
Latest Address	5-9 Headstone Road, Harrow, Middlesex	Appointment Date	17/04/2008
Post Code	HA1 1PD

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MTC BUSINESS PRIVATE LTD	GBP	325,000	ORDINARY	1	100

Profit & Loss

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	£42,018,066	8%	£38,908,521	-30.7%	£56,125,952	71.9%	£32,651,683	-20.2%	£40,930,049
	Export	£9,473,962	-75.7%	£38,908,521	-30.7%	£56,125,952	71.9%	£32,651,683	-20.2%	£40,930,049
	Cost of Sales	£41,272,797	8.9%	£37,894,241	-31%	£54,953,629	71.7%	£32,007,805	-20.4%	£40,227,495
	Gross Profit	£745,269	-26.5%	£1,014,281	-13.5%	£1,172,322	82.1%	£643,878	-8.4%	£702,554
	Wages & Salaries	£203,535	-10.3%	£226,784	-15.3%	£267,703	17.5%	£227,908	-4.5%	£238,640
	Directors Emoluments	£81,143	-12.3%	£92,525	-16.9%	£111,397	33.7%	£83,326	11.6%	£74,676
	Operating Profit	£311,416	-37.8%	£500,980	-18.8%	£617,092	257.2%	£172,782	-11.8%	£195,857
	Depreciation	-	-100%	£1,917	-27.2%	£2,633	85.2%	£1,422	-55.3%	£3,180
	Audit Fees	£7,085	-35.2%	£10,934	16.1%	£9,422	10.3%	£8,538	23.8%	£6,895
	Interest Payments	£10,591	-31.6%	£15,493	-70.9%	£53,235	167.6%	£19,891	-77.5%	£88,218
	Pre Tax Profit	£300,824	-38.2%	£486,442	-9.9%	£540,189	187.6%	£187,823	74.5%	£107,651
	Taxation	-£64,230	29.2%	-£90,689	22.6%	-£117,217	-170.2%	-£43,381	-85.1%	-£23,430
	Profit After Tax	£236,594	-40.2%	£395,753	-6.4%	£422,972	192.8%	£144,443	71.5%	£84,221
	Dividends Payable	£7,548	-89.1%	£69,099	-	-	-	-	-	-
	Retained Profit	£229,046	-29.9%	£326,654	-22.8%	£422,972	192.8%	£144,443	71.5%	£84,221

Balance Sheet

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Tangible Assets	£1,112	-61.3%	£2,872	-12.8%	£3,294	-34.6%	£5,038	-14.6%	£5,897
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£1,112	-61.3%	£2,872	-12.8%	£3,294	-34.6%	£5,038	-14.6%	£5,897
	Stock	£3,108,516	107.6%	£1,497,133	46.4%	£1,022,727	-31%	£1,483,085	-23.8%	£1,947,252
	Trade Debtors	£2,578,496	-34.8%	£3,953,431	-5.4%	£4,179,573	128.8%	£1,826,830	179%	£654,869
	Cash	£2,486,688	542.8%	£386,831	-79.6%	£1,900,738	9.8%	£1,731,282	510%	£283,820
	Other Debtors	£1,314,446	46.8%	£895,347	-19.4%	£1,110,328	-15.5%	£1,313,610	111.2%	£622,118
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£9,488,146	40.9%	£6,732,742	-18%	£8,213,366	29.2%	£6,354,807	81.1%	£3,508,059
	Trade Creditors	£2,082,499	46.1%	£1,425,324	-41.2%	£2,424,973	10.8%	£2,188,984	116.1%	£1,013,170
	Bank Loans & Overdrafts	£4,965,454	64.1%	£3,025,040	-20.8%	£3,818,049	32.2%	£2,887,479	105.7%	£1,403,755
	Other Short Term Finance	£4,142	-97.4%	£161,317	-	0	-	0	-	0
	Miscellaneous Current Liabilities	£452,629	22.8%	£368,447	-29.9%	£525,742	21.6%	£432,193	-4.4%	£451,918
	Total Current Liabilities	£7,504,725	50.7%	£4,980,127	-26.4%	£6,768,765	22.9%	£5,508,656	92%	£2,868,843
	Bank Loans & Overdrafts and LTL	£4,965,454	64.1%	£3,025,040	-20.8%	£3,818,049	32.2%	£2,887,479	105.7%	£1,403,755
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

.

Capital & Reserves

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Called Up Share Capital	£374,277	-	£374,277	-1.3%	£379,270	17.6%	£322,426	9.6%	£294,308
	P & L Account Reserve	£1,610,256	16.6%	£1,381,209	29.3%	£1,068,625	102.1%	£528,763	50.7%	£350,805
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£1,984,533	13%	£1,755,486	21.2%	£1,447,896	70.1%	£851,189	31.9%	£645,113

Other Financial Items

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Net Worth	£1,984,533	13%	£1,755,486	21.2%	£1,447,896	70.1%	£851,189	31.9%	£645,113
	Working Capital	£1,983,421	13.2%	£1,752,615	21.3%	£1,444,602	70.7%	£846,151	32.4%	£639,216
	Total Assets	£9,489,258	40.9%	£6,735,614	-18%	£8,216,660	29.2%	£6,359,846	81%	£3,513,956
	Total Liabilities	£7,504,725	50.7%	£4,980,127	-26.4%	£6,768,765	22.9%	£5,508,656	92%	£2,868,843
	Net Assets	£1,984,533	13%	£1,755,486	21.2%	£1,447,896	70.1%	£851,189	31.9%	£645,113

Cash Flow

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Net Cashflow from Operations	£206,007	142.3%	-£486,453	-7.9%	-£450,838	-654.1%	£81,364	-85.5%	£562,247
	Net Cashflow before Financing	£159,442	121.4%	-£746,139	-33.9%	-£557,274	-887.8%	£70,736	-82.8%	£412,077
	Net Cashflow from Financing	£664,878	180.1%	-£829,891	-391.1%	-£168,971	-112.5%	£1,349,609	484.6%	-£350,939
	Increase in Cash	£824,320	152.3%	-£1,576,031	-117%	-£726,246	-151.1%	£1,420,346	999.9%	£61,139

Miscellaneous

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£1,984,533	13%	£1,755,486	21.2%	£1,447,896	70.1%	£851,189	31.9%	£645,113
	Number of Employees	4	-20%	5	-16.7%	6	-	6	-	6
	Accountants
	Auditors	KRESTON REEVES LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/03/17	31/03/16	31/03/15	31/03/14	31/03/13
	Pre-tax profit margin %	0.72	1.25	0.96	0.58	0.26
	Current ratio	1.26	1.35	1.21	1.15	1.22
	Sales/Net Working Capital	21.18	22.20	38.85	38.59	64.03
	Gearing %	250.20	172.30	263.70	339.20	217.60
	Equity in %	20.90	26.10	17.60	13.40	18.40
	Creditor Days	18.04	13.33	15.72	24.40	9.01
	Debtor Days	22.33	36.98	27.10	20.36	5.82
	Liquidity/Acid Test	0.85	1.05	1.06	0.88	0.54
	Return On Capital Employed %	15.15	27.70	37.30	22.06	16.68
	Return On Total Assets Employed %	3.17	7.22	6.57	2.95	3.06
	Current Debt Ratio	3.78	2.83	4.67	6.47	4.44
	Total Debt Ratio	3.78	2.83	4.67	6.47	4.44
	Stock Turnover Ratio %	7.39	3.84	1.82	4.54	4.75
	Return on Net Assets Employed %	15.15	27.70	37.30	22.06	16.68

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
09/10/2017	New Accounts Filed
09/10/2017	New Accounts Filed
25/04/2017	Confirmation Statement
24/08/2016	New Accounts Filed
24/08/2016	New Accounts Filed
09/04/2016	Annual Returns
28/08/2015	New Accounts Filed
28/08/2015	New Accounts Filed
25/04/2015	Annual Returns
28/07/2014	New Accounts Filed
28/07/2014	New Accounts Filed
09/04/2014	Annual Returns
06/08/2013	New Accounts Filed
06/08/2013	New Accounts Filed
08/04/2013	Annual Returns

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	3 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status	Wholly Owned
Ultimate Holding Company	MTC BUSINESS PRIVATE LTD

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
MTC BUSINESS PRIVATE LTD	N/A	-	-
MULTI TRADE LINKS (UK)...	06555378	31.03.2017	N	£42,018,066
MM TRADE SERVICES PV...	09609597	31.05.2017	N

Mortgage Details

Mortgage Type:	DEBENTURE
Date Charge Created:	28/10/11
Date Charge Registered:	01/11/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY
Mortgage Type:	DEPOSIT AGREEMENT
Date Charge Created:	29/05/09
Date Charge Registered:	05/06/09
Date Charge Satisfied:	03/02/12
Status:	SATISFIED
Person(s) Entitled:	FIRLE INVESTMENTS LIMITED
Amount Secured:
Details:	FIVE THOUSAND POUNDS (£5,000.00)

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
BSP SECRETARIAL LIMITED	25	5	45
TEMPLE SECRETARIES LIMITED	0	1	0
COMPANY DIRECTORS LIMITED	0	1	0
Kalavati Shah	0	1	0

Total Persons With Significant Control	2	Total Statements	0
Active	2	Active	0
Ceased	0	Ceased	0

Active Persons With Significant Control

Name	Mr Manoj, Maganlal Mehta	Kind	Individual Person With Significant Control
Address	401, Navkar Commercial Complex, Andheri East, Mumbai	Country Of Residence	India
Post Code	400069	Nationality	Indian
Date of Birth	05/1971	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 Percent
Name	Mr Maganlal, Moolchand Mehta	Kind	Individual Person With Significant Control
Address	401, Navkar Commercial Complex, Andheri East, Mumbai	Country Of Residence	India
Post Code	400069	Nationality	Indian
Date of Birth	01/1944	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 Percent

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.91
UK Pound	1	INR 90.31
Euro	1	INR 80.17
GBP	1	INR 90.33

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	NIT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.