MIRA INFORM REPORT

 

 

 

Report Date :

23.08.2008

 

IDENTIFICATION DETAILS

 

Name :

SAPPHIRE GLOBAL LIMITED

 

 

Registered Office :

72 New Bond Street, Mayfair, London, W1S 1RR

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.06.2006

 

 

Date of Incorporation :

02.06.2002

 

 

Com. Reg. No.:

04453797

 

 

Legal Form :

Private Limited Liability Company (GB)

 

 

Line of Business :

Retailers of Mobile Telephones and Equipment   

 

 

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 :

No Complaints

 

 

Litigation :

Clear

 

 

Company Identification Detail

 

 

Subject Reported on

SAPPHIRE GLOBAL LIMITED

Trading Address

AVENFIELD HOUSE,1ST FLOOR 118-127 PARK LANE,LONDON,W1K 7LH

 

 

Official Company Data

 

 

Legal Form

Private Limited Liability Company (GB)

Registration Number

04453797

Date of Incorporation

02/06/2002

Registered Office

72 New Bond Street, Mayfair, London, W1S 1RR

Date of Last Annual Return to Registry

02/06/2008

Activities

Retailers of mobile telephones and equipment   

Accounts

The last filed accounts cover the period to 30/06/2006 and were filed on 26/07/2007 with Companies House.
Please note that the transition, analysis and publication of these accounts may take up to 10 days to appear on this report.

Recently Filed Documents ( view available documents )

Details of the most recent documents

Date Received

Description

02/06/2008

Annual Return

30/06/2006

Financial Statement / Set of Accounts

 

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

 

 

Known Directors

 

 

DIRECTOR

  SARIKA    RASTOGI

  Occupation

COMPANY DIRECTOR

  Address

19 PORTMAN SQUARE ,  , LONDON ,  , W1H 6LE

  Country of Origin

BRITISH

  Date of Birth

09/06/1971

  Appointment Date

24/06/2003

  Other Appointments

MANGO CORPORATION LIMITED, SAPPHIRE GLOBAL LIMITED, THE CENTAUR HOUSE LIMITED

DIRECTOR

  SANDEEP    DEWAN

 (One or more of this director's other appointments has adverse information related to it)

  Occupation

DIRECTOR

  Address

30 BURTON COURT ,  FRANKLINS ROW , LONDON ,  , SW3 4SZ

  Country of Origin

INDIAN

  Date of Birth

12/05/1977

  Appointment Date

06/08/2002

  Other Appointments

MANGO CORPORATION LIMITED, SAPPHIRE GLOBAL LIMITED, SYNERGY CORP LIMITED

DIRECTOR

  KAPOOR  CHAND  GUPTA

  Occupation

DIRECTOR

  Address

908 SECTOR - 17 ,  , FARIDABAD , HARYANA , 121007

  Country of Origin

INDIAN

  Date of Birth

15/12/1944

  Appointment Date

21/02/2008

  Other Appointments

SAPPHIRE GLOBAL LIMITED

DIRECTOR

  VISHAL    JAIN

  Occupation

BUSINESSMAN

  Address

B702 CENTRAL PARK1, ,  DLF PHASE 5 , GURGAON , HARYANA , 122002

  Country of Origin

INDIAN

  Date of Birth

08/12/1977

  Appointment Date

21/02/2008

  Other Appointments

SAPPHIRE GLOBAL LIMITED

SECRETARY

  AGIWAL    SANJAY

  Address

77 ABBEYFIELDS CLOSE ,  PARK ROYAL , LONDON ,  , NW10 7EG

  Country of Origin

INDIAN

  Appointment Date

31/10/2005

 

 

Recently Resigned Directors (last 3)

DIRECTOR

  VISHAL    JAIN

  Occupation

Analyst

  Address

8 PUMA COURT ,  , LONDON ,  , E1 6QG

  Country of Origin

Indian

  Date of Birth

08/12/1977

  Resignation Date

31/10/2005

DIRECTOR

  VISHAL    JAIN

  Occupation

Analyst

  Address

8 PUMA COURT ,  , LONDON ,  , E1 6QG

  Country of Origin

Indian

  Date of Birth

08/12/1977

  Resignation Date

31/10/2005

DIRECTOR

  AWADHESH  KUMAR  SRIVASTAVA

  Occupation

Engineer

  Address

17 WORTON GARDENS ,  , ISLEWORTH , MIDDLESEX , TW7 4BD

  Country of Origin

Indian

  Date of Birth

12/12/1956

  Resignation Date

16/06/2003

 

 

Share Summary

 

Share Currency:

GBP

 

Principal Shareholders:

Type Of Share

No. of Shares

Value

Voting %age

 

 

 

 

 

Mrs Sarika Rastogi

B ORD

2,947,188 

29,471.88

93.00

 

 

 

 

 

Mrs Shakuntala Devi Gupta

 

100 

100.00

0.00

 

 

 

 

 

Suryansh & Shivansh

B ORD

210,000 

2,100.00

7.00

 

 

 

 

 

 

 

Mortgages and Charges

 

 

Total Registered

1

Total Outstanding

1

Total Satisfied

0

Most Recent Mortgage

13/12/2005

 

 

 

 

 

Date Registered

20/12/2005

Type

395

Date Created

13/12/2005

Lender

BARCLAYS BANK PLC

Secured On

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY

Satisfied?

No

 

 

 

Public Record Information

Summary of CCJ's/Scottish Decrees

There are 0 exact unsatisfied CCJs totalling GBP 0 in the last 72 months

Details of most recent CCJ's/Scottish Decrees

31/03/2004, a Judgment of "GBP" 1145 was "Satisfied" in WILLESDEN court (Case No. 4WI01047 ) against Tulip (U K) Ltd, Unit 21, Park Royal Metrocentre Coronation Road, London, LONDON POSTAL, NW10 79A

 

 

Operations

 

 

Activities

Retailers of mobile telephones and equipment   

Sic Code

Description

5248

Other retail sale in specialised stores

Staff Employed

5

Auditors

Baker Tilly

Auditors Notes

No Qualification. The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the latest accounts.

 

Financial Data

 

Profit and Loss

 

Number of Weeks

52

52

52

52

Accounts Date

30/06/2006

30/06/2005

30/06/2004

30/06/2003

Currency

GBP

GBP

GBP

GBP

Units

units

units

units

units

Consolidated?

No

No

No

No

SALES

13,723,876

-

-

-

Other operating income

124,078

-

-

-

Cost of goods sold

10,723,245

-

-

-

GROSS PROFIT

3,000,631

-

-

-

Other Expenses

762,412

-

-

-

General administration costs (-)

1,343,678

-

-

-

Wages and Salaries

599,379

-

-

-

Depreciation

36,004

-

-

-

Net Operating Profit(Loss)

1,018,619

-

-

-

Non Trading Income

14,246

-

-

-

Total Non Trading Income

14,246

-

-

-

Interest expenses & similar (-)

1,431

-

-

-

Financial Expenses

1,431

-

-

-

PRE TAX PROFIT

1,031,434

-

-

-

Other Taxation

-11,012

-

-

-

Taxation

318,422

-

-

-

PROFIT AFTER TAX

724,024

-

-

-

Net Profit

724,024

-

-

-

Dividends Payable

160,701

-

-

-

RETAINED PROFITS

563,323

-

-

-

 

Balance Sheet

 

Number of Weeks

52

52

52

52

Accounts Date

30/06/2006

30/06/2005

30/06/2004

30/06/2003

Currency

GBP

GBP

GBP

GBP

Units

units

units

units

units

Consolidated?

No

No

No

No

TOTAL FIXED ASSETS

579,975

83,776

13,455

3,224

 Plant, machinery & equipment

73,102

-

-

3,224

 Intermediate Assets

506,873

6,220

-

-

TOTAL CURRENT ASSETS

3,365,622

3,000,205

1,600,166

266,584

 Stocks

224,528

270,397

647,285

44,340

 Trade Debtors

268,800

1,821,412

703,509

207,513

 Other Receivables

69,714

-

-

-

 Prepaid expenses

1,640,860

-

-

-

 Group Loans

772,019

-

-

-

 Cash

389,701

908,396

249,372

14,038

TOTAL ASSETS

3,945,597

3,083,981

1,613,621

269,808

TOTAL CURRENT LIABILITIES

3,151,942

2,853,649

1,475,312

206,664

 Trade Creditors

854,170

-

-

-

 Bank Overdraft

197,008

-

-

-

 Taxes

555,768

-

-

43,033

 Other Current Liabilities

13,965

2,853,649

1,475,312

163,631

 Accruals & deferred income

1,531,031

-

-

-

WORKING CAPITAL

213,680

146,556

124,854

59,920

TOTAL LONG TERM LIABS

0

0

0

0

NET ASSETS/(LIABILITIES)

793,655

230,332

138,309

63,144

SHARE CAPITAL + RESERVES

793,655

230,332

138,309

63,144

 Issued Share Capital

31,672

31,672

31,672

31,672

 Profit and Loss account

761,983

198,660

106,637

31,472

SHAREHOLDERS FUNDS

793,655

230,332

138,309

63,144

CAPITAL EMPLOYED

793,655

230,332

138,309

63,144

TANGIBLE NET WORTH

793,655

230,332

138,309

63,144

Key Credit Ratios

 

Accounts Date

30/06/2006

30/06/2005

30/06/2004

30/06/2003

Current Ratio

1.07

1.05

1.08

1.29

Profit Before Tax

0.08

-

-

-

Creditors Days (D.P.O)

29.07

-

-

-

Quick Ratio

1.00

0.96

0.65

1.08

Return on Assets

29.99

-

-

-

T.N.W/Total Assets

0.20

0.07

0.09

0.23

Return on Capital

129.96

-

-

-

Working Capital/Sales

0.00

-

-

-

Stock Turnover

0.00

-

-

-

Solvency (%)

397.14

1238.93

1066.68

327.29

 

 

Financial Summary

 

Pre Tax

The subject made a profit of GBP  1,031,434,units compared with a profit of GBP  NaN in the previous period.

Working Capital

The company's working capital improved in the period by 46%

Tangible Net Worth

Net worth increased by 563,323 during the period and now stands at GBP  793,655,units

Fixed Assets

The subjects fixed assets reduced during the period by GBP  4,454 to GBP  73,102,units and are now 2% of total assets compared with 3% in the previous period

Long Term Liabilities

Long term liabilities are now 0% of total assets compared with 0% in the previous period

Top of Form

 

Bottom of Form

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.43.38

UK Pound

1

Rs.81.34

Euro

1

Rs.64.55

 

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. 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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions