MIRA INFORM REPORT
|
Report Date : |
21.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
A & M INTERNATIONAL LIMITED |
|
|
|
|
Registered Office : |
Wellington Building 28-32 Wellington Road St John's Wood London |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
29.01.2008 |
|
|
|
|
Legal Form : |
Private Limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of Metal and Metal Ores. |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
United Kingdom |
A1 |
A1 |
|
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. Over the past two decades, the government has greatly reduced
public ownership. 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 became a net importer of
energy in 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.
After emerging from recession in 1992, Britain's economy enjoyed the longest
period of expansion on record during which time growth outpaced most of Western
Europe. In 2008, however, 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; these included nationalizing parts of the banking system, temporarily
cutting taxes, suspending public sector borrowing rules, and moving forward
public spending on capital projects. Facing burgeoning public deficits and debt
levels, in 2010 the CAMERON-led coalition government (between Conservatives and
Liberal Democrats) initiated a five-year austerity program, which aimed to
lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by
2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced
additional austerity measures through 2017 largely due to the euro-zone debt
crisis. 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 21% by 2014. The
Bank of England (BoE) implemented an asset purchase program of £375 billion
(approximately $605 billion) as of December 2013. 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). In
2012, weak consumer spending and subdued business investment weighed on the
economy, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the
second half of the year because of greater consumer spending and a recovering
housing market. The budget deficit is falling but remains high at nearly 7% and
public debt has continued to increase.
|
Source
: CIA |
REGISTERED
NAME & COMPANY SUMMARY
A & M INTERNATIONAL LIMITED
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Date of Birth |
18/07/1975 |
|
|
Officers Title |
Mr |
Nationality |
|
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
29/01/2008 |
|
|
|
Address |
Villa 1183b Al Wasl Road, Jumeirah, Jumeirah, Dubai |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
8 |
1709 |
|
|
0 |
2 |
|
|
0 |
2 |
|
|
3102 |
107211 |
NEGATIVE
INFORMATION
Trade
Debtors / Bad Debt Summary
Total Number of Documented Trade 0
Total Value of Documented Trade £0
Commentary
|
No exact match CCJs are recorded against the company. |
|
Net Worth increased by 249.1% during the latest trading
period. |
|
A 220.4% growth in Total Assets occurred during the
latest trading period. |
|
The company saw a decrease in their Cash Balance of 53%
during the latest trading period. |
|
There is insufficient data to indicate a change in this
company's percentage of sales. |
|
There is insufficient data to indicate a change in this
company's pre-tax profit. |
|
The audit report contains no adverse comments. |
|
No recent changes in directorship are recorded. |
|
The company is not part of a group. |
|
The movement in accumulated earnings would indicate that
the company made a profit after tax and other appropriations, including
dividends. |
|
The company has changed its registered address recently.
|
|
The company was established over 6 years ago. |
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
|
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
|
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
|
|
Total Number of Writs - |
- |
|
Mortgage
Details
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
23/10/12 |
|
|
|
Date Charge Registered: |
27/03/14 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC; |
||
|
Amount Secured: |
|
||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY
AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, UNCALLED CAPITAL,
BUILDINGS, FIXTURES, FIXEDPLANT & MACHINERY |
||
|
Mortgage Type: |
CHARGE OF DEPOSIT |
||
|
Date Charge Created: |
23/10/12 |
|
|
|
Date Charge Registered: |
27/03/14 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC; |
||
|
Amount Secured: |
|
||
|
Details: |
ALL AMOUNTS NOW AND IN THE FUTURE CREDITED TO A/NO 140/01/30510015
WITH THE BANK |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
31/10/12 |
|
|
|
Date Charge Registered: |
01/11/12 |
|
|
|
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 |
||
SHARE
& SHARE CAPITAL INFORMATION
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
ALIREZA MOGHADAM |
GBP |
500,000 |
ORDINARY |
1 |
100 |
PAYMENT
INFORMATION
Payment Information
Trade
Payment Information
|
Average Invoice Value |
85.83 |
|
Invoices available |
21 |
|
Paid |
21 |
|
Outstanding |
0 |
|
Average Invoice Value |
£85.83 |
|
Invoices available |
21 |
|
Paid |
21 |
|
Outstanding |
0 |
|
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 |
20 |
0 |
1 |
0 |
0 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
- |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
Group Structure
No group structure
FINANCIAL
INFORMATION
Profit & Loss
|
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Wages & Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Operating Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Depreciation |
£1,230 |
41.4% |
£870 |
35.7% |
£641 |
8.6% |
£590 |
41.1% |
£418 |
|
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance Sheet
|
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
Tangible Assets |
£1,616,857 |
999.9% |
£958 |
4.5% |
£917 |
-32.2% |
£1,352 |
7.7% |
£1,255 |
|
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed Assets |
£1,616,857 |
999.9% |
£958 |
4.5% |
£917 |
-32.2% |
£1,352 |
7.7% |
£1,255 |
|
|
Stock |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Trade Debtors |
£1,379,122 |
197.8% |
£463,078 |
57.4% |
£294,298 |
-64% |
£817,292 |
2.2% |
£799,573 |
|
|
Cash |
£259,105 |
-53% |
£551,802 |
-35.9% |
£861,488 |
999.9% |
£10,993 |
-97.1% |
£374,570 |
|
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current
Assets |
£1,638,227 |
61.4% |
£1,014,880 |
-12.2% |
£1,155,786 |
39.5% |
£828,285 |
-29.5% |
£1,174,143 |
|
|
Trade Creditors |
£1,929,268 |
147.6% |
£779,305 |
-22.2% |
£1,002,246 |
36.4% |
£735,026 |
-35.2% |
£1,134,149 |
|
|
Bank Loans &
Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other Short Term
Finance |
0 |
- |
0 |
-100% |
£722 |
850% |
£76 |
-39.2% |
£125 |
|
|
Miscellaneous
Current Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current
Liabilities |
£1,929,268 |
147.6% |
£779,305 |
-22.3% |
£1,002,968 |
36.4% |
£735,102 |
-35.2% |
£1,134,274 |
|
|
Bank Loans &
Overdrafts and LTL |
£500,000 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other Long Term
Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term
Liabilities |
£500,000 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
Capital &
Reserves
|
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
Called Up Share
Capital |
£500,000 |
999.9% |
£1 |
- |
£1 |
- |
£1 |
- |
£1 |
|
|
P & L Account
Reserve |
£325,816 |
37.7% |
£236,532 |
53.9% |
£153,734 |
62.6% |
£94,534 |
129.9% |
£41,123 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£825,816 |
249.1% |
£236,533 |
53.9% |
£153,735 |
62.6% |
£94,535 |
129.9% |
£41,124 |
Other Financial Items
|
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
Net Worth |
£825,816 |
249.1% |
£236,533 |
53.9% |
£153,735 |
62.6% |
£94,535 |
129.9% |
£41,124 |
|
|
Working Capital |
-£291,041 |
-223.5% |
£235,575 |
54.2% |
£152,818 |
64% |
£93,183 |
133.7% |
£39,869 |
|
|
Total Assets |
£3,255,084 |
220.4% |
£1,015,838 |
-12.2% |
£1,156,703 |
39.4% |
£829,637 |
-29.4% |
£1,175,398 |
|
|
Total Liabilities |
£2,429,268 |
211.7% |
£779,305 |
-22.3% |
£1,002,968 |
36.4% |
£735,102 |
-35.2% |
£1,134,274 |
|
|
Net Assets |
£825,816 |
249.1% |
£236,533 |
53.9% |
£153,735 |
62.6% |
£94,535 |
129.9% |
£41,124 |
Cash Flow
|
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
Net Cashflow from
Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net Cashflow before
Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net Cashflow from
Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
Contingent
Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
Capital Employed |
£1,325,816 |
460.5% |
£236,533 |
53.9% |
£153,735 |
62.6% |
£94,535 |
129.9% |
£41,124 |
|
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Auditors |
KAPMAN |
||||||||
|
|
Auditor Comments |
The audit report
contains no adverse comments |
||||||||
|
|
Bankers |
|
||||||||
|
|
Bank Branch Code |
|
||||||||
Ratios
|
|
Date Of Accounts |
31/12/13 |
31/12/12 |
31/12/11 |
31/12/10 |
31/12/09 |
|
|
Pre-tax profit
margin % |
- |
- |
- |
- |
- |
|
|
Current ratio |
0.85 |
1.30 |
1.15 |
1.13 |
1.04 |
|
|
Sales/Net Working
Capital |
- |
- |
- |
- |
- |
|
|
Gearing % |
60.50 |
0 |
0 |
0 |
0 |
|
|
Equity in % |
25.40 |
23.30 |
13.30 |
11.40 |
3.50 |
|
|
Creditor Days |
- |
- |
- |
- |
- |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid Test |
0.84 |
1.30 |
1.15 |
1.12 |
1.03 |
|
|
Return On Capital
Employed % |
- |
- |
- |
- |
- |
|
|
Return On Total
Assets Employed % |
- |
- |
- |
- |
- |
|
|
Current Debt Ratio |
2.33 |
3.29 |
6.52 |
7.77 |
27.58 |
|
|
Total Debt Ratio |
2.94 |
3.29 |
6.52 |
7.77 |
27.58 |
|
|
Stock Turnover
Ratio % |
- |
- |
- |
- |
- |
|
|
Return on Net
Assets Employed % |
- |
- |
- |
- |
- |
FOREIGN
EXCHANGE RATES
N/A
ADDITIONAL
INFORMATION
Mortgage Summary
Total Mortgage 3
Outstanding 1
Satisfied 2
Current Company
Secretary
|
Name |
Ahmed Latif |
Date of Birth |
- |
|
Officers Title |
Mr |
Nationality |
|
|
Present
Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
09/12/2010 |
|
|
|
Address |
Noor House Preston
Waye, Harrow, Middlesex, HA3 0QG |
||
Status History
|
No Status History
found |
Event History
|
Date |
Description |
|
24/09/2014 |
New Accounts Filed |
|
10/02/2014 |
Annual Returns |
|
24/08/2013 |
New Accounts Filed |
|
19/02/2013 |
Annual Returns |
|
25/10/2012 |
Change in
Reg.Office |
|
25/10/2012 |
Change of Company
Postcode |
|
15/09/2012 |
New Accounts Filed |
|
15/09/2012 |
New Accounts Filed |
|
23/02/2012 |
Annual Returns |
|
13/10/2011 |
New Accounts Filed |
|
11/02/2011 |
Annual Returns |
|
18/01/2011 |
New Accounts Filed |
|
18/01/2011 |
New Accounts Filed |
|
13/12/2010 |
Mr R. Moghaddam has
left the board |
|
13/12/2010 |
Mr R. Moghaddam has
resigned as company secretary |
Previous
Company Names
|
No Previous Names
found |
NOTES
& COMMENTS
N/A
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.48 |
|
|
1 |
Rs.98.24 |
|
Euro |
1 |
Rs.78.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.