MIRA INFORM REPORT

Report Date :

30.07.2008

IDENTIFICATION DETAILS

Name :	GREENSPARK LTD
Registered Office :	Alpha House, 4 Greek Street, Stockport, Cheshire SK3 8AB
Country :	United Kingdom
Financials (as on) :	31.12.2006
Date of Incorporation :	09.07.1997
Com. Reg. No.:	03400686
Legal Form :	Private Limited Liability Company (GB)
Line of Business :	Durable goods wholesalers

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 Details

Subject Reported on	GREENSPARK LTD
Trading Address	P O BOX 54,CHEADLE,SK8 4FE
	This company has an average risk status and should be treated with a degree of caution

Official Company Data

Legal Form	Private Limited Liability Company (GB)
Registration Number	03400686
Date of Incorporation	09/07/1997
Registered Office	Alpha House, 4 Greek Street, Stockport, Cheshire SK3 8AB
Date of Last Annual Return to Registry	09/07/2007
Activities	Durable goods wholesalers
Accounts	The last filed accounts cover the period to 31/12/2006 and were filed on 04/01/2007 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

Details of the most recent documents

Date Received	Description
09/07/2007	Annual Return
31/12/2006	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	AMIT  KHANDELWAL
Occupation	COMPANY DIRECTOR
Address	4,  GREEK STREET , STOCKPORT , CHESHIRE , SK3 8AB
Country of Origin	INDIAN
Date of Birth	06/10/1972
Appointment Date	15/07/1997
Other Appointments	GREENSPARK LTD, WOODS DIAMONDS LTD
DIRECTOR	ANSHUL  SETHI
Occupation	DIRECTOR
Address	4,  GREEK STREET , STOCKPORT , CHESHIRE , SK3 8AB
Country of Origin	INDIAN
Date of Birth	07/09/1968
Appointment Date	01/11/2003
Other Appointments	GREENSPARK LTD, WOODS DIAMONDS LTD
DIRECTOR	ATUL  SETHI
Occupation	COMPANY DIRECTOR
Address	C-67 VASHALI NAGAR ,  JAIPUR , RAJASTHAN , INDIA ,
Country of Origin	INDIAN
Date of Birth	14/05/1966
Appointment Date	01/12/1997
Other Appointments	GREENSPARK LTD
SECRETARY	ANSHUL SETHI
Address	4 GREEK STREET,  , STOCKPORT , CHESHIRE , SK3 8AB
Country of Origin	INDIAN
Date of Birth	07/09/1968
Appointment Date	06/04/2004

Recently Resigned Directors (last 3)

DIRECTOR	ANSHUL  SETHI
Occupation	DIRECTOR
Address	4 , GREEK STREET , STOCKPORT , CHESHIRE , - -
Country of Origin	BRITISH
Date of Birth	07/09/1968
Resignation Date	01/04/1999

Share Summary

Share Currency:	GBP
Principal Shareholders:	Type Of Share	No. of Shares	Value	Voting %age
Anshul Sethi	ORD	30	30.00	30.00
Mr Amit Khandelwal	ORD	30	30.00	30.00
Mr Atul Sethi	ORD	40	40.00	40.00

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	Durable goods wholesalers
Sic Code	Description
5170	Other wholesale
Staff Employed
Auditors	Booth Ainsworth
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	31/12/2006	31/12/2005	31/12/2004	31/12/2003
Currency	GBP	GBP	GBP	GBP
Units	units	units	units	units
Consolidated?	No	No	No	No
RETAINED PROFITS	-	-	-	-

Balance Sheet

Number of Weeks	52	52	52	52
Accounts Date	31/12/2006	31/12/2005	31/12/2004	31/12/2003
Currency	GBP	GBP	GBP	GBP
Units	units	units	units	units
Consolidated?	No	No	No	No
TOTAL FIXED ASSETS	1,696	2,121	2,068	2,585
Total Fixed Assets	1,696	2,121	2,068	2,585
TOTAL CURRENT ASSETS	1,040,933	708,821	410,166	524,650
Stocks	314,320	184,242	85,323	83,220
Trade Debtors	694,567	435,171	210,667	268,920
Cash	32,046	89,408	114,176	172,510
TOTAL ASSETS	1,042,629	710,942	412,234	527,235
TOTAL CURRENT LIABILITIES	892,696	561,553	263,807	363,290
Other Current Liabilities	892,696	561,553	263,807	363,290
WORKING CAPITAL	148,237	147,268	146,359	161,360
TOTAL LONG TERM LIABS	0	0	0	0
NET ASSETS/(LIABILITIES)	149,933	149,389	148,427	163,945
SHARE CAPITAL + RESERVES	149,933	149,389	148,427	163,945
Issued Share Capital	100	100	100	100
Profit and Loss account	149,833	149,289	148,327	163,845
SHAREHOLDERS FUNDS	149,933	149,389	148,427	163,945
CAPITAL EMPLOYED	149,933	149,389	148,427	163,945
TANGIBLE NET WORTH	149,933	149,389	148,427	163,945

Key Credit Ratios

Accounts Date	31/12/2006	31/12/2005	31/12/2004	31/12/2003
Current Ratio	1.17	1.26	1.55	1.44
Quick Ratio	0.81	0.93	1.23	1.22
T.N.W/Total Assets	0.14	0.21	0.36	0.31
Solvency (%)	595.40	375.90	177.74	221.59

Financial Summary
Working Capital	The company's working capital improved in the period by 1%
Tangible Net Worth	Net worth increased by 544 during the period and now stands at GBP  149,933,units
Fixed Assets	The subjects fixed assets reduced during the period by GBP  425 to GBP  1,696,units and are now 0% of total assets compared with 0% in the previous period
Long Term Liabilities	Long term liabilities are now 0% of total assets compared with 0% in the previous period

Previous Searches on this Company

Last 3 Months	Last 6 Months	Last 12 Months
0	1	1

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 42.47
UK Pound	1	Rs. 84.00
Euro	1	Rs. 66.14

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%)

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