MIRA INFORM REPORT

Report Date :

09.05.2007

IDENTIFICATION DETAILS

Name :	CINEFLIX INTERNATIONAL MEDIA LIMITED
Registered Office :	13 Merrion Square, Dublin 2
Country :	Ireland
Financials (as on) :	31.07.2006
Date of Incorporation :	23/06/2003
Com. Reg. No.:	IE372664
Legal Form :	Private Limited Liability Company (IE)
Line of Business :	Fil Production - Cinema

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear

Company Identification Details

Subject Reported on	CINEFLIX INTERNATIONAL MEDIA LIMITED
Holding Company	Forum 5 Inc
Trading Address	13 MERRION SQUARE,DUBLIN,2
Telephone	016620083

Risk Score	Very Low Risk - There is every confidence this company will prove good for the assigned Credit Limit
Contract Limit	Buying from this company? The Contract Limit is the recommended aggregate annual value for supply contracts.

Official Company Data

Legal Form	Private Limited Liability Company (IE)
Registration Number	IE372664
Date of Incorporation	23/06/2003
Registered Office	13 MERRION SQUARE, DUBLIN 2
Activities	FIL PRODUCTION - CINEMA

Recently Filed Documents

Details of the most recent documents

Date Received

Description

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

Known Directors

DIRECTOR	MARK  BYRNE
Occupation
Address	23 , RATHFARNHAM , DUBLIN 16. ,
Date of Birth	18/09/1973
Appointment Date	06/10/2004
Other Appointments	MERRION SIX, MERRION SEVEN, MERRION NINE, DANOLEIGH, LITTLE TREE, HOUDINI, NORA FILMS LIMITED, DENZILLE FILMS ONE, CINEFLIX INTERNATIONAL MEDIA LIMITED, FINAL FURLONG FILMS LIMITED
DIRECTOR	ADRIENNE  CURRAN
Occupation
Address	25 , PHIBSBORO , DUBLIN 7. ,
Date of Birth	07/03/1971
Appointment Date	08/09/2003
Other Appointments	CINEFLIX INTERNATIONAL MEDIA LIMITED
DIRECTOR	GLEN  SALZMAN
Occupation
Address	60 CHESTERFIELD , QUEBEC , CANADA H3Y 2M5 ,
Date of Birth	16/06/1950
Appointment Date	23/06/2003
Other Appointments	CINEFLIX INTERNATIONAL MEDIA LIMITED
DIRECTOR	ANDREW  PORPORINO
Occupation
Address	8127 LA SALLE BLVD. , QUEBEC , H8P 3T7 CANADA ,
Date of Birth	31/08/1968
Appointment Date	25/04/2005
Other Appointments	CINEFLIX INTERNATIONAL MEDIA LIMITED
SECRETARY	MARK BYRNE
Address	11, GREENMOUNT SQUARE,,  HAROLDS CROSS, , DUBLIN , 12
Country of Origin
Date of Birth	18/09/1973
Appointment Date	20/10/2004

Recently Resigned Directors (last 3)

DIRECTOR	EUGENE  FANNING
Address	, 71 , BALLSBRIDGE , DUBLIN 4. , - -
Date of Birth	16/09/1950
Resignation Date	20/10/2004

Share Summary

Share information is not held for this company.

Mortgages and Charges

Total Registered	4
Total Outstanding	4
Total Satisfied	0

Public Record Information

Summary of CCJ's/Scottish Decrees

There are no unsatisfied CCJs against the company.

Operations

Activities	FIL PRODUCTION - CINEMA
Sic Code	Description
9211	Motion picture and video production
Staff Employed	10

Financial Data

The following figures are shown in units of 000

Profit and Loss

Number of Weeks	52	52	52
Accounts Date	31/07/2006	31/07/2005	31/07/2004
Currency	euro	euro	euro
Consolidated?	No	No	No
GROSS PROFIT	2,345
Other Expenses	1,279
Wages and Salaries	227
Depreciation	13
Net Operating Profit(Loss)	1,066
Total Non Trading Income	0
Interest expenses & similar (-)	0
Financial Expenses	0
PRE TAX PROFIT	1,066
Other Taxation	0
Taxation	96
PROFIT AFTER TAX	970
Net Profit	970
Dividends Payable	392
RETAINED PROFITS	578

Balance Sheet

Number of Weeks	52	52	52
Accounts Date	31/07/2006	31/07/2005	31/07/2004
Currency	euro	euro	euro
Consolidated?	No	No	No
TOTAL FIXED ASSETS	16	13	11
Plant, machinery & equipment	16
Intermediate Assets	0	0	0
TOTAL CURRENT ASSETS	7,136	5,780	2,081
Trade Debtors	3,637	2,402	870
Other Receivables	352
Group Loans	156
Cash	60	665	23
Tax Recoverable	3
own shares	2,927	2,713	1,188
TOTAL ASSETS	7,152	5,793	2,092
TOTAL CURRENT LIABILITIES	6,889	6,108	2,168
Trade Creditors	62
Taxes	123	5
Due From Group	1,418
Accruals & deferred income	5,287
WORKING CAPITAL	247	-328	-87
TOTAL LONG TERM LIABS	0	0	0
NET ASSETS/(LIABILITIES)	263	-315	-76
SHARE CAPITAL + RESERVES	263	-315	-76
Issued Share Capital	0	0	0
Profit and Loss account	263	-315	-76
SHAREHOLDERS FUNDS	263	-315	-76
CAPITAL EMPLOYED	263	-315	-76
TANGIBLE NET WORTH	263	-315	-76

Key Credit Ratios

Accounts Date	31/07/2006	31/07/2005	31/07/2004
Current Ratio	1.04	0.95	0.96
Quick Ratio	-	-	-
Return on Assets	14.90	-	-
T.N.W/Total Assets	0.04	-0.05	-0.04
Return on Capital	4.05	-	-

Financial Summary

Pre Tax	The subject made a profit of euro 1,066,000 compared with a profit of euro  NaN,000 in the previous period.
Working Capital	The company's working capital improved in the period by -175%
Tangible Net Worth	Net worth increased by 578,000 during the period and now stands at euro  263,000
Fixed Assets	The subjects fixed assets increased during the period by euro  3,000 to euro  16,000 and are now 0% of total assets compared with 0% in the previous period

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	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.	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
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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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