MIRA
INFORM REPORT
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Report Date : |
12.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
GREENSPARK LTD |
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Registered Office : |
Alpha House, 4 Greek Street, Stockport, Cheshire, SK3 8AB |
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Country : |
United
Kingdom |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
09/07/1997 |
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Com. Reg. No.: |
03400686 |
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Legal Form : |
Private Limited with share capital |
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Line of Business : |
Wholesale of Unmounted and Mounted Gemstones. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Status : |
Small
Company |
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Payment Behaviour : |
-- |
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Litigation : |
Clear |
Company
Identification Details
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Subject Reported on |
GREENSPARK LTD |
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Risk Score |
55 out of 100 |
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Average Risk - This company has an average risk status and
should be treated with a degree of caution |
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Credit Limit |
GBP 7,400 |
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Selling to this company? The Credit Limit is the recommended
maximum outstanding debtor exposure at any one time. |
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Contract Limit |
GBP 66,000 |
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Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
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Official Company Data
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Legal Form |
Private Limited with share capital |
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Registration Number |
03400686 |
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Date of Incorporation |
09/07/1997 |
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Registered Office |
ALPHA HOUSE, 4 GREEK STREET, STOCKPORT, CHESHIRE, SK3 8AB. |
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Date of Last Annual Return to Registry |
09/07/2006 |
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Activities |
WHOLESALE OF UNMOUNTED AND MOUNTED GEMSTONES - - |
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Accounts |
The last filed accounts cover the period to 31/12/2005 and were
presented to Companies House on 04/01/2007 |
Recently Filed
Documents
Details of the most recent documents
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Date Received |
Description |
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16/01/2004 |
Notification Of A Change Among The Directors Of A Company |
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08/04/1999 |
Notification Of A Change Among The Directors Of A Company |
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21/02/1998 |
Notification Of A Change Among The Directors Of A Company |
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07/01/1998 |
Notification Of A Change Among The Directors Of A Company |
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28/07/1997 |
Notification Of A Change Among The Directors Of A Company |
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15/07/1997 |
Notification Of A Change Among The Directors Of A Company |
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It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
Known Directors
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DIRECTOR |
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Occupation |
COMPANY DIRECTOR |
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Address |
4, GREEK STREET , STOCKPORT , CHESHIRE
, SK3 8AB |
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Country of Origin |
INDIAN |
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Date of Birth |
06/10/1972 |
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Appointment Date |
15/07/1997 |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
4, GREEK STREET , STOCKPORT , CHESHIRE
, SK3 8AB |
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Country of Origin |
INDIAN |
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Date of Birth |
07/09/1968 |
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Appointment Date |
01/11/2003 |
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Other Appointments |
WOODS DIAMONDS LTD |
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DIRECTOR |
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Occupation |
COMPANY DIRECTOR |
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Address |
C-67 VASHALI NAGAR , JAIPUR , RAJASTHAN , INDIA
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Country of Origin |
INDIAN |
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Date of Birth |
14/05/1966 |
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Appointment Date |
01/12/1997 |
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SECRETARY |
ANSHUL SETHI |
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Address |
4 , GREEK STREET , STOCKPORT , CHESHIRE
, SK3 8AB |
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Country of Origin |
INDIAN |
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Date of Birth |
07/09/1968 |
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Appointment Date |
01/11/2003 |
Recently Resigned
Directors (last 3)
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DIRECTOR |
ANSHUL SETHI |
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Occupation |
DIRECTOR |
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Address |
4 , GREEK STREET , STOCKPORT , CHESHIRE
, - - |
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Country of Origin |
BRITISH |
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Date of Birth |
07/09/1968 |
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Resignation Date |
01/04/1999 |
Share Summary
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Share Currency: |
GBP |
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Issued at date of report: |
100 ORD |
Shares of 100 pence each |
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Prinicipal Shareholders: |
Type Of Share |
No. of Shares |
Value |
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APUL SETHI |
ORD |
40 |
40.00 |
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ANSHUL SETHI |
ORD |
30 |
30.00 |
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AMIT KHANDELWAL |
ORD |
30 |
30.00 |
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Mortgages and Charges
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There are no mortgages |
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Public Record
Information
Summary of CCJ's/Scottish Decrees
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There are no unsatisfied CCJs against the company. |
Operations
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Activities |
WHOLESALE OF UNMOUNTED AND MOUNTED GEMSTONES - - |
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Sic Code |
Description |
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5190 |
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Auditors |
BOOTH AINSWORTH |
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Auditors Notes |
No Qualification. The Auditors have expressed a clean opinion (i.e.
unqualified with no referrals) on the accounts for the period ended
31/12/2004. |
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Bankers |
- |
Financial Data
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Profit and Loss |
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The following figures are shown in units of GBP '000 |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/12/2004 |
31/12/2003 |
31/12/2002 |
31/12/2001 |
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Currency |
GBP '000 |
GBP '000 |
GBP '000 |
GBP '000 |
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Consolidated? |
No |
No |
No |
No |
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Depreciation |
1 |
- |
- |
- |
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Balance Sheet |
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The following figures are shown in units of GBP '000 |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/12/2004 |
31/12/2003 |
31/12/2002 |
31/12/2001 |
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Currency |
GBP '000 |
GBP '000 |
GBP '000 |
GBP '000 |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
2 |
3 |
1 |
2 |
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Tangible Assets |
2 |
3 |
1 |
2 |
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Fixed Assets |
2 |
3 |
1 |
2 |
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TOTAL CURRENT ASSETS |
410 |
525 |
330 |
254 |
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Total Debtors |
211 |
269 |
178 |
108 |
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Stocks/WIP |
85 |
83 |
104 |
105 |
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Cash |
114 |
173 |
47 |
40 |
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TOTAL ASSETS |
412 |
527 |
331 |
255 |
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TOTAL CURRENT LIABILITIES |
264 |
363 |
218 |
175 |
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Other Current Liabilities |
264 |
363 |
218 |
175 |
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WORKING CAPITAL |
146 |
161 |
112 |
78 |
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NET ASSETS/(LIABILITIES) |
148 |
164 |
113 |
80 |
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SHARE CAPITAL + RESERVES |
148 |
164 |
113 |
80 |
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Issued Share Capital |
0 |
0 |
0 |
0 |
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Profit and Loss account |
148 |
164 |
113 |
80 |
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SHAREHOLDERS FUNDS |
148 |
164 |
113 |
80 |
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CAPITAL EMPLOYED |
148 |
164 |
113 |
80 |
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Key Credit Ratios |
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Accounts Date |
31/12/2004 |
31/12/2003 |
31/12/2002 |
31/12/2001 |
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Current Ratio |
1.55 |
1.44 |
1.51 |
1.45 |
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Long Term Debt/T.N.W (%) |
0.00 |
0.00 |
0.00 |
0.00 |
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Quick Ratio |
1.23 |
1.22 |
1.04 |
0.85 |
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T.N.W/Total Assets |
36.01 |
31.10 |
34.14 |
31.37 |
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Equity Gearing |
36.01 |
31.10 |
34.14 |
31.37 |
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Financial Comparison |
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The following figures are shown in units of GBP '000 |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/12/2004 |
31/12/2003 |
31/12/2002 |
31/12/2001 |
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Currency |
GBP '000 |
GBP '000 |
GBP '000 |
GBP '000 |
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Other Deferred Liabs |
0 |
0 |
0 |
0 |
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Tangible Net Worth(T.N.W) |
148 |
164 |
113 |
80 |
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Equity |
148 |
164 |
113 |
80 |
Key Industry Sector
Trends
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Company |
Industry Averages |
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31/12/2004 |
Lower |
Median |
Upper |
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Current Ratio |
1.55 |
0.9 |
1.2 |
1.9 |
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This comparison is based on the results of 0019378 companies in
the same industrial sector: wholesale distribution (not motor vehicles etc) |
Financial Summary
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Working Capital |
The company's working capital decreased in the period by 9% |
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Tangible Net Worth |
Net worth reduced by 15,518 during the period and now stands at
GBP 148,427 |
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Fixed Assets |
The subjects fixed assets reduced during the period by
GBP 517 to GBP 2,068 and are now 1% of total assets compared with
0% in the previous period |
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Long Term Liabilities |
Long term liabilities are now 0% of total assets compared with
0% in the previous period |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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