MIRA
INFORM REPORT
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Report Date : |
23.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
PLATINUM
DIAMONDS LIMITED |
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Registered Office : |
35 Piccadilly, London, London, W1j 0dw |
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Country : |
United
Kingdom |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
03.03.2005 |
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Com. Reg. No.: |
05381611 |
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Legal Form : |
Private Limited with Share Capital |
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Line of Business : |
Retailing of Jewellery Items |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
GBP 3,200 |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company Identification Details
Company Name : PLATINUM DIAMONDS LIMITED
Risk Score 70 out of 100
Low Risk - There is a high degree of confidence this company will prove good for the assigned Credit Limit
Credit Limit GBP 3,200
Selling to this company? The Credit Limit is the recommended maximum outstanding debtor exposure at any one time.
Contract Limit GBP 3,200
Buying from this company? The Contract Limit is the recommended aggregate annual value for supply contracts.
Official Company Data
Legal Form Private Limited with share capital
Registration Number 05381611
Date of Incorporation 03/03/2005
Registered Office 35 PICCADILLY, LONDON, LONDON, W1J 0DW .
Date of Last Annual
Return to Registry 03/03/2006
Activities RETAILING OF JEWELLERY ITEMS, COMMENCED ON 10-03- 2005. - -
Accounts The last filed accounts cover the period to 31/03/2006 and were presented to
Companies House on 06/11/2006
Recently Filed Documents
Details of the most recent documents
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Date Received |
Description |
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12/03/2005 |
Notification Of A Change Among The Directors Of A Company |
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House.
Known Directors
DIRECTOR TAMMY
LITCHFIELD
Occupation COMPANY DIRECTOR
Address 88, WOOD STREET , LONDON , EC2V 7RS
Country of Origin BRITISH
Date of Birth 13/10/1977
Appointment Date 07/03/2005
Other Appointments DIAMWORLD LIMITED, DIAMWORLD LIMITED, COLLECTION
DIAMONDS LIMITED
DIRECTOR VASHI NANWANI
DOMINGUEZ
Occupation COMPANY DIRECTOR
Address 31, BANK CHAMBERS 25 JERMYN STREET , LONDON
, SW1Y 6HR
Country of Origin SPANISH
Date of Birth 08/12/1978
Appointment Date 07/03/2005
Other Appointments DIAMWORLD
LIMITED, FLAWLESS DIAMONDS LTD
SECRETARY LMG SERVICES LIMITED
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Address 32-35 , LONDON FRUIT EXCHANGE , LONDON
, E1 6EU
Country of Origin BRITISH
Recently Resigned Directors (last
3)
DIRECTOR LMG DIRECTORS LIMITED
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Occupation CORPORATE BODY
Address 32-35 , LONDON FRUIT EXCHANGE , LONDON , - -
Country of Origin BRITISH
Resignation Date 07/03/2005
Share Summary
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Share Currency: |
GBP |
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Issued at date of report: |
99 ORD |
Shares of 100 pence each |
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Prinicipal Shareholders: |
Type Of Share |
No. of Shares |
Value |
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TAMMY M LITCHFIELD |
ORD |
50 |
50.00 |
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VASHI N DOMINGUEZ |
ORD |
49 |
49.00 |
Mortgages and Charges
There are no
mortgages
Public Record Information
Summary of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
Activities RETAILING OF JEWELLERY ITEMS, COMMENCED ON 10-03- 2005. - -
Sic Code Description
5263 Other non-store retail sale
Auditors ADRIAN C MUNSBRIDGE AND CO
Auditors Notes No Qualification. The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/03/2006.
Bankers LLOYDS TSB BANK PLC
Financial Data
PROFIT AND LOSS
The following figures are shown in units of GBP '000
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Number of Weeks |
55 |
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Accounts Date |
31/03/2006 |
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Currency |
GBP '000 |
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Consolidated? |
No |
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SALES |
1,116 |
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Cost of goods sold |
985 |
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GROSS PROFIT |
131 |
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Directors Emoluments |
6 |
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Depreciation |
6 |
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Operating Profit |
2 |
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Non Trading Income |
0 |
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PRE TAX PROFIT |
2 |
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PROFIT AFTER TAX |
2 |
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RETAINED PROFITS |
2 |
BALANCE SHEET
The following figures
are shown in units of GBP '000
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Number of Weeks |
55 |
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Accounts Date |
31/03/2006 |
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Currency |
GBP '000 |
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Consolidated? |
No |
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TOTAL FIXED ASSETS |
17 |
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Tangible Assets |
17 |
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Fixed Assets |
17 |
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TOTAL CURRENT ASSETS |
141 |
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Total Debtors |
6 |
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Other Debtors |
6 |
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Stocks/WIP |
85 |
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Cash |
50 |
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TOTAL ASSETS |
158 |
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TOTAL CURRENT LIABILITIES |
86 |
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Trade creditors |
43 |
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Misc Current Liabilities |
43 |
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WORKING CAPITAL |
55 |
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TOTAL LONG TERM LIABS |
70 |
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Due From Group |
70 |
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NET ASSETS/(LIABILITIES) |
2 |
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SHARE CAPITAL + RESERVES |
2 |
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Issued Share Capital |
0 |
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Profit and Loss account |
2 |
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SHAREHOLDERS FUNDS |
2 |
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CAPITAL EMPLOYED |
72 |
KEY CREDIT RATIOS
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Accounts Date |
31/03/2006 |
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Current Ratio |
1.64 |
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Long Term Debt/T.N.W (%) |
3540.57 |
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Profit Before Tax |
0.17 |
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Creditors Days (D.P.O) |
16.96 |
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Quick Ratio |
0.65 |
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Return on Assets |
1.13 |
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T.N.W/Total Assets |
1.25 |
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Return on Capital |
2.47 |
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Rtn on Shareholders Funds |
89.78 |
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Working Capital/Sales |
5.21 |
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Borrowing Ratio |
4102.87 |
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Equity Gearing |
1.25 |
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Stock Turnover |
12.35 |
FINANCIAL COMPARISON
The following figures
are shown in units of GBP '000
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Number of Weeks |
55 |
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Accounts Date |
31/03/2006 |
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Currency |
GBP '000 |
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Directors Remuneration |
6 |
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Other Deferred Liabs |
0 |
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Tangible Net Worth(T.N.W) |
2 |
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Equity |
2 |
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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