docker-compose pull fails with error image not found for private repos

Problem

I have just set up a new cloud server with Ubuntu 14.04.2, Docker 1.7.0 and Docker Compose 1.2.0. When I am executing, docker-compose up -d, I am getting the following errors (the image is coming from a private repo) Traceback (most recent call last): File "<string>", line 3, in <module> File "/code/build/docker-compose/out00-PYZ.pyz/compose.cli.main", line 31, in main File "/code/build/docker-compose/out00-PYZ.pyz/compose.cli.docopt_command", line 21, in sys_dispatch File "/code/build/docker-compose/out00-PYZ.pyz/compose.cli.command", line 27, in dispatch File "/code/build/docker-compose/out00-PYZ.pyz/compose.cli.docopt_command", line 24, in dispatch File "/code/build/docker-compose/out00-PYZ.pyz/compose.cli.command", line 59, in perform_command File "/code/build/docker-compose/out00-PYZ.pyz/compose.cli.main", line 464, in up File "/code/build/docker-compose/out00-PYZ.pyz/compose.project", line 208, in up File "/code/build/docker-compose/out00-PYZ.pyz/compose.service", line 214, in recreate_containers File "/code/build/docker-compose/out00-PYZ.pyz/compose.service", line 199, in create_container File "/code/build/docker-compose/out00-PYZ.pyz/compose.progress_stream", line 37, in stream_output File "/code/build/docker-compose/out00-PYZ.pyz/compose.progress_stream", line 50, in print_output_event compose.progress_stream.StreamOutputError: Error: image togger/main-db:2.1.2 not found any help would be greatly appreciated