MIRA INFORM REPORT

Report Date :

27.05.2011

IDENTIFICATION DETAILS

Name :	A & M INTERNATIONAL LIMITED

Registered Office :	Belsize House 258 Belsize Road, London, NW6 4BT.

Country :	United Kingdom

Financials (as on) :	31.12.2009

Date of Incorporation :	29.01.2008

Com. Reg. No.:	06487787

Legal Form :	Private Limited

Line of Business :	--

RATING & COMMENTS

MIRA’s Rating :

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

Maximum Credit Limit :	GBP 7,950

Status :	Small Company

Payment Behaviour :	No Complaints

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, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company Identification Details

Subject Reported on	A & M INTERNATIONAL LIMITED
Registration Number	06487787

Creditline Recommendations

Monthly Credit Guide

GBP 7,950

Official Company Data

Legal Form	Private Limited
Registration Number	06487787
Subject Status	Trading
Date of Incorporation	29/01/2008
Registered Office	BELSIZE HOUSE 258 BELSIZE ROAD, LONDON, NW6 4BT.
History	20/03/2009 : The Registered Office address changed from 131 BAKER STREET, LONDON, W1U 6SE.
Date of Last Annual Return to Registry	29/01/2011
Accounts	The last filed accounts at Companies House are those to 31/12/2009
Accounting Reference Date	31/12

Operations

Nace Code	7487
Auditors	Kapman

Search History Summary

Last 3 Months	Last 6 Months	Last 12 Months
0	0	0

Search History Details

The Search History Details shows details of the most recent 40 searches

Public Record Information

Summary of CCJ's/Scottish Decrees

No CCJs/Scottish Decrees are recorded in our file.

Other Filings and Notices

Date

Source

Description

09/12/2010	Companies House Gazette	Notification of any change among the company's directors
22/04/2008	Companies House Gazette	Change among directors of a company
30/01/2008	Companies House Gazette	Change among directors of a company

Company Secretary

Secretary	MR AHMED LATIF
Service Address	NOOR HOUSE PRESTON WAYE, HARROW, MIDDLESEX, HA3 0QG.
Country of Origin	IRAN
Appointment Date	09/12/2010

Directors

Managing Director	MR ALIREZA MOGHADDAM
Service Address	VILLA 1183B AL WASL ROAD, JUMEIRAH, JUMEIRAH, DUBAI.
Country of Origin	IRAN
Date of Birth	18/07/1975
Appointment Date	29/01/2008

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	1
Principal Shareholder	1 Emirates Lead Co FZC

The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.

Holding Company

Emirates Lead Co FZC

Financial Data– Statutory Accounts

Profit & Loss Accounts are not available for companies categorised as small companies under the companies act.

For annual accounts images, view the Document Image list

Balance Sheet

The following figures are shown in units of 1000

Number of Weeks	52	48
Accounts Date	31/12/2009	31/12/2008
Currency	GBP	GBP
TOTAL FIXED ASSETS	1
Tangible Assets	1
TOTAL CURRENT ASSETS	1174	25
Trade debtors	800
Other Current Assets	374	25
Cash	374	25
TOTAL ASSETS	1175	25
TOTAL CURRENT LIABILITIES	1134	28
Trade creditors	1134	28
WORKING CAPITAL	40	(3)
NET ASSETS/(LIABILITIES)	41	(3)
SHARE CAPITAL + RESERVES	41	(3)
Profit and Loss account	41	(3)
SHAREHOLDERS FUNDS	41	(3)
CAPITAL EMPLOYED	41	(3)

Financial Comparison

The following figures are shown in units of 1000

Number of Weeks	52	48
Accounts Date	31/12/2009	31/12/2008
Currency	GBP	GBP
Liquid Assets	1174	25
Net Working Capital	40	(3)
Tangible Net Worth(T.N.W)	41	(3)
Equity	41	(3)
Number of Years Trading	1

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	31/12/2009	31/12/2008
Current Ratio	1	0.9
Quick Ratio	1	0.9
T.N.W/Total Assets%	3.5	(12)
Equity Gearing%	3.6	(10.7)

Key Industry Sector Trends

Year	2011	2010	2009	2008
Sample Size	3800	99999	99999	99999
Pre-Tax Profit Margin	29.5	15.6	13.3	16.5
Current Ratio	1.6	1.7	1.9	1.8
Borrowing Ratio	78.6	35.2	37.5	44.6
Return on Capital	211.4	64.9	48.3	58
Creditors Days	176	274	284	204

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Miscellaneous business activities not elsewhere classified

Financial Summary

Auditors Qualification

The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/12/2009.

No Turnover

The company's balance sheet total is less than GBP 2,800,001 and therefore this is a small company as defined by the Companies Act.It is not required to disclose turnover but it is likely to be less than GBP 5,600,000.

No Pre-Tax Profit

The Company is exempt from the requirement to file a Profit Loss Account. We note that the difference on the Profit and Loss Account shown on the Balance Sheet is GBP 44,000 increase. This suggests that the Company may have made a post-tax profit of GBP 44,000.

Working Capital

The subject has turned a deficient working capital of GBP 3,000 to surplus of GBP 40,000.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.29
UK Pound	1	Rs.73.84
Euro	1	Rs.64.18

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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