MIRA
INFORM REPORT
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Report Date : |
28.05.2007 |
IDENTIFICATION DETAILS
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Name : |
GENESYS INTERNATIONAL ( |
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Registered Office : |
470A GREEN
LANES, PALMERS GREEN, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
21/07/2003 |
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Com. Reg. No.: |
04838989 |
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Legal Form : |
Private Limited |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Identification Details
Subject Reported
on GENESYS
INTERNATIONAL (
Creditline Recommendations
Risk Category HIGH
RISK
Official Company Data
Legal Form Private Limited
Registration
Number 04838989
Date of
Incorporation 21/07/2003
Registered Office 470A GREEN LANES,
PALMERS GREEN,
History 4/02/2006 : The
Registered Office address changed from THE OLD VICARAGE,
STATION
ROAD, ASHBY DE LA Z.
29/08/2003 : The
Registered Office address changed from BRIDGE HOUSE, 181
QUEEN
Date of Last
Annual
Return to Registry
21/07/2006
Accounts The last filed
accounts at Companies House are those to 31/03/2006
Accounting Reference
Date 31/03
Operations
Nace Code 7484
Staff Employed 1
Auditors N. Shah & Co
Subsidiaries AERIAL SURVEYOR
LIMITED
Public Record
Information
Summary of
CCJ's/Scottish Decrees
No CCJs/Scottish Decrees are recorded in our
file.
Other Filings and
Notices
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Date |
Source |
Description |
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22/04/2004 |
Companies House Gazette |
Alteration in memorandum or articles of
association |
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29/08/2003 |
Companies House Gazette |
Change among the directors of a company |
Company Secretary
Secretary R SHAH & CO LTD
Address 470A GREEN LANES, PALMERS GREEN,
Country of Origin UNITED KINGDOM
Appointment Date 28/01/2006
Directors
Director SAJID MALIK
Address 702
VASTU B.J. ROAD BAND STAND, BANDRA (W),
Country of Origin
Date of Birth 01/04/1964
Appointment Date 21/07/2003
Other Directorships GEODC LIMITED
Share Capital
Shares Ordinary GBP 1.00
Issued Number 10,800
Principal
Shareholder 10,800 Lenesys
International Corporation Ltd
The above reflects
the principle shareholder(s) by number of shares held, irrespective of share
classification type.
Holding Company
Lenesys
International Corporation Ltd, a company incorporated in
Payment Analysis
(No Payment Analysis Data is Available)
Financial Data
Profit and Loss
The following
figures are shown in units of 1000
Number of Weeks 52 52 36
Accounts Date 31/03/2006 31/03/2005 31/03/2004
Currency GBP GBP GBP
SALES 9
Cost of goods sold 7
GROSS PROFIT 2
Wages and Salaries 1
PRE TAX PROFIT (4) (13)
Balance Sheet
The following
figures are shown in units of 1000
Number of Weeks 52 52 36
Accounts Date 31/03/2006 31/03/2005 31/03/2004
Currency GBP GBP GBP
TOTAL CURRENT
ASSETS 2 3 9
Trade debtors 2 1
Stocks 1
Other Current
Assets 2 1 7
Due From Group 3
Cash 2 1 4
TOTAL ASSETS 2 3 9
TOTAL CURRENT
LIABILITIES 7 8 11
Trade creditors 7 1 8
Short Term Loans 5
Due To Group 5
Other Liabilities 2 3
WORKING CAPITAL (5) (5) (2)
NET
ASSETS/(LIABILITIES) (5) (5) (2)
SHARE CAPITAL +
RESERVES (5) (5) (2)
Share Cap + Sundry
Res 11 11 11
Profit and Loss
account (16) (16) (13)
SHAREHOLDERS FUNDS (5) (5) (2)
CAPITAL EMPLOYED (5) (5) (2)
Financial
Comparison
The following
figures are shown in units of 1000
Number of Weeks 52 52 36
Accounts Date 31/03/2006 31/03/2005 31/03/2004
Currency GBP GBP GBP
Liquid Assets 2 3 5
Net Working
Capital (5) (5) (2)
Tangible Net
Worth(T.N.W) (5) (5) (2)
Equity (5) (5) (2)
Number of Years
Trading 3 2 1
Number of
Employees 1 1
Profit per
Employee (4000) (13000)
Sales per Employee 9000
Key Credit Ratios
The following
figures are shown as Ratios or Percentages
Accounts Date 31/03/2006 31/03/2005 31/03/2004
Current Ratio 0.3 0.4 0.8
Pre Tax Profit
Margin% (44.4)
Gross Profit% 22.2
Debtors Days
(D.S.O) 81
Creditors Days
(D.P.O) 41
Quick Ratio 0.3 0.4 0.7
Return on Investment% 650
Return on Assets% (133.3) (144.4)
T.N.W/Total
Assets% (250) (166.7) (22.2)
Return on Capital% 80 650
Working
Capital/Sales% (55.6)
Borrowing Ratio% (100)
Equity Gearing% (71.4) (62.5) (18.2)
Days Purchases
Outstanding 52.1
Key Industry Sector
Trends
Year 2007 2006 2005 2004
Sample Size 1236 99999 99999 99999
Pre-Tax Profit
Margin 45.8 30.5 20.2 19
Current Ratio 1.6 1.6 1.7 1.6
Borrowing Ratio 45 26.7 32.5 35.6
Return on Capital 1080.5 216.4 98.7 92.2
Creditors Days 36 129 254 172
Above figures
relate to companies in 1992 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 31/03/2006.
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.
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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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%)