MIRA INFORM REPORT

Report Date :

25.05.2012

IDENTIFICATION DETAILS

Name :	THE GENUINE GEMSTONE COMPANY LIMITED

Formerly Known As :	COLOURED ROCKS LIMITED

Registered Office :	Unit 2d Eagle Road, Moons Moat N Ind Est, Redditch B98 9hf

Country :	United Kingdom

Financials (as on) :	31.03.2011

Date of Incorporation :	10.09.2007

Legal Form :	Private Limited With Share Capital

Line of Business :	Jewellery design, manufacture, and retail sales via home shopping channels on satellite, cable television and the internet.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

REGISTERED NAME & COMPANY SUMMARY

Company Name	THE GENUINE GEMSTONE COMPANY LIMITED	Company Number	06365402
		Safe Number	UK06008645
Registered Address	UNIT 2D EAGLE ROAD	Trading Address	3rd Floor, Fort Dunlop Fort Fort Dunlop Fort Parkway Birmingham, West Midlands B24 9FD
	MOONS MOAT N IND EST
	REDDITCH
	B98 9HF
Website Address	-
Telephone Number	-	Fax Number
TPS	-	FPS	No
Incorporation Date	10/09/2007	Company Status	Active - Accounts Filed
Previous Name	COLOURED ROCKS LIMITED	Type	Private limited with Share Capital
Date of Change	20/03/2012	Filing Date of Accounts	02/09/2011
		Share Capital	£1,000
SIC03	7487	Currency	GBP
SIC03 Description	OTHER BUSINESS ACTIVITIES
SIC07	82990
SIC07 Description	OTHER BUSINESS SUPPORT SERVICE ACTIVITIES N.E.C.
Principal Activity	Jewellery design, manufacture, and retail sales via home shopping channels on satellite, cable television and the internet.

DIRECTORS/MANAGEMENT

Total Current Directors	5
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	3

Current Directors

Name	John Winspear	Date of Birth	25/05/1953
Officers Title	Mr	Nationality	British
Present Appointments	7	Function	Director
Appointment Date	18/03/2008
Address	131 Buryfield Road, , Solihull, B91 2DQ
Other Actions	View Director Report	View Consumer Report	View Trace Report

Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Steve Clifford Bennett	Date of Birth	05/02/1966
Officers Title	Mr	Nationality	British
Present Appointments	40	Function	Director
Appointment Date	10/09/2007
Address	Papillon Hall, Ullenhall, Henley In Arden, B95 5PN
Other Actions	View Director Report	View Consumer Report	View Trace Report

Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Sarah Elizabeth Bennett	Date of Birth	21/09/1976
Officers Title	Ms	Nationality	British
Present Appointments	7	Function	Director
Appointment Date	24/10/2007
Address	Papillon Hall, Ulenhall, Henley In Arden, B95 5PN
Other Actions	View Director Report	View Consumer Report	View Trace Report

Disqualified		Disqualified End Date
Disqualification Exception	No

Name	John Richard Bennett	Date of Birth	12/12/1974
Officers Title	Mr	Nationality	British
Present Appointments	21	Function	Director
Appointment Date	10/09/2007
Address	12 St Catherines Road, Blackwell, Bromsgrove, B60 1BN
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Andrew William Smith	Date of Birth	30/06/1984
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	13/05/2010
Address	Apartment 7 Allwood House, 133 Bromsgrove Road, Redditch, B97 4RL
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	John Winspear	Date of Birth	25/05/1953
Officers Title	Mr	Nationality	British
Present Appointments	7	Function	Company Secretary
Appointment Date	24/10/2007
Address	131 Buryfield Road, , Solihull, B91 2DQ

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
John Richard Bennett	21	13
COMPANY DIRECTORS LIMITED	9359	196291
TEMPLE SECRETARIES LIMITED	11658	197983

NEGATIVE INFORMATION

Commentary

No exact match CCJs are recorded against the company.
The company's credit rating has dropped from 75 to 62 but the company still indicates good creditworthiness.
The credit limit on this company has risen 287.1% in comparison to the previously suggested credit limit.
Sales in the latest trading period increased 399.4% on the previous trading period.
Net Worth increased by 50.5% during the latest trading period.
A 247.6% growth in Total Assets occurred during the latest trading period.
Pre-tax profits increased by 178.9% compared to the previous trading period.
The company saw an increase in their Cash Balance of 763% during the latest trading period.
The audit report contains no adverse comments.
No recent changes in directorship are recorded.
The company is part of a group.
The company has changed its registered address recently.
The company has changed its registered name recently.
The company was established over 4 years ago.

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Exact CCJ Details

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

Exact CCJ Details

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Individual Share Value
COLOURFUL COMPANY GROUP LTD	1,000 ORDINARY GBP 1.00

PAYMENT INFORMATION

Payment Information Summary

Total number of Invoices available	2
Total number of Invoices paid within or up to 30 days after the due date	2
Total number of Invoices paid more than 30 days after the due date	0
Total number of Invoices currently outstanding where the due date has not yet been reached	0
Total number of Invoices currently outstanding beyond the due date	0

Creditor Details

No Creditor Data

Total Value

Trade Debtors / Bad Debt Detail

No Debtor Data

Total Value

GROUP STRUCTURE & AFFILIATED COMPANIES

Group	8 companies
Linkages	1 companies
Countries	In 1 countries

Summary

Holding Company	THE COLOURFUL COMPANY GROUP LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	THE COLOURFUL COMPANY GROUP LIMITED

Group structure

Company Name	Safe Number	Registered Number	Latest Key Financials	Consol. Accounts	Rating	Limit	Turnover
THE COLOURFUL COMPANY GROUP LI...	UK05558260	05914500	31.03.2011	Y	86	£60,000	£29,871,081
GEMS TV (UK) LIMITED	UK04001359	04352563	31.03.2011	N	N/R	-
FACTORY OUTLET TV LIMITED	UK04138742	04490822	31.03.2011	N	N/R	-
GEMS TV LIMITED	UK03997829	04348995	31.03.2011	N	N/R	-
ROCKS. TV LIMITED	UK06134424	06491292	31.03.2011	N	N/R	-
JEWELLERY MAKER LTD	UK06847341	07205887	31.03.2011	N	N/R	-
GEM COLLECTOR LTD	UK06847350	07205896	31.03.2011	N	N/R	-
THE GENUINE GEMSTONE COMPANY...	UK06008645	06365402	31.03.2011	N	62	£60,000	£16,296,727

Group	8 companies
Linkages	1 companies
Countries	In 1 countries

FINANCIAL INFORMATION

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/03/2011	£16,296,727	£1,101,053	-£1,530,350	-
31/03/2010	£3,263,085	-£1,395,076	-£3,497,031	-
31/03/2009	-	-	-£2,101,955	-

Profit & Loss

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	-
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	-
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	-
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	-
Turnover	£16,296,727	399.4%	£3,263,085	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	£9,540,297	-	£2,352,708	-	-	-	-	-	-
Gross Profit	£6,756,430	642.2%	£910,377	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	£137,588	37.6%	£100,000	-	-	-	-	-	-
Operating Profit	£1,101,069	178.9%	-£1,396,402	-	-	-	-	-	-
Depreciation	£225,676	-34.9%	£346,896	0.9%	£343,763	999.9%	£22,002	-	-
Audit Fees	£22,000	22.2%	£18,000	-	-	-	-	-	-
Interest Payments	£16	-	-	-	-	-	-	-	-
Pre Tax Profit	£1,101,053	178.9%	-£1,395,076	-	-	-	-	-	-
Taxation	£865,628	-	-	-	-	-	-	-	-
Profit After Tax	£1,966,681	241%	-£1,395,076	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	£1,966,681	241%	-£1,395,076	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	-
Tangible Assets	£1,429,354	507.1%	£235,449	-66.6%	£705,673	192.3%	£241,385	-	-
Intangible Assets	£206,275	999.9%	£7,989	-2.7%	£8,212	-	0	-	-
Total Fixed Assets	£1,635,629	571.9%	£243,438	-65.9%	£713,885	195.7%	£241,385	-	-
Stock	£5,083,304	98.8%	£2,556,459	81.2%	£1,410,464	-11.3%	£1,590,258	-	-
Trade Debtors	£183,696	114.9%	£85,499	-24.6%	£113,417	-35.1%	£174,812	-	-
Cash	£1,796,400	763%	£208,153	125.4%	£92,330	39.1%	£66,363	-	-
Other Debtors	£3,349,043	798.1%	£372,912	-	0	-	0	-	-
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	-
Total Current Assets	£10,412,443	223.1%	£3,223,023	99.4%	£1,616,211	-11.8%	£1,831,433	-	-
Trade Creditors	£2,426,645	205.7%	£793,852	-66.9%	£2,396,265	129.6%	£1,043,748	-	-
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	-
Other Short Term Finance	£5,093,510	130.9%	£2,205,525	-	0	-	0	-	-
Miscellaneous Current Liabilities	£1,456,574	475.7%	£253,004	-	0	-	0	-	-
Total Current Liabilities	£8,976,729	176%	£3,252,381	35.7%	£2,396,265	129.6%	£1,043,748	-	-
Bank Loans & Overdrafts and LTL	£4,601,693	24%	£3,711,111	82.3%	£2,035,786	27.2%	£1,600,000	-	-
Other Long Term Finance	0	-100%	£3,711,111	-	0	-	0	-	-
Total Long Term Liabilities	£4,601,693	24%	£3,711,111	82.3%	£2,035,786	27.2%	£1,600,000	-	-

Capital & Reserves

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	-
Called Up Share Capital	£1,000	-	£1,000	-	£1,000	-	£1,000	-	-
P & L Account Reserve	-£1,531,350	56.2%	-£3,498,031	-66.3%	-£2,102,955	-267.7%	-£571,930	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	-£1,530,350	56.2%	-£3,497,031	-66.4%	-£2,101,955	-268.2%	-£570,930	-	-

Other Financial Items

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	-
Net Worth	-£1,736,625	50.5%	-£3,505,020	-66.1%	-£2,110,167	-269.6%	-£570,930	-	-
Working Capital	£1,435,714	999.9%	-£29,358	96.2%	-£780,054	-199%	£787,685	-	-
Total Assets	£12,048,072	247.6%	£3,466,461	48.8%	£2,330,096	12.4%	£2,072,818	-	-
Total Liabilities	£13,578,422	95%	£6,963,492	57.1%	£4,432,051	67.6%	£2,643,748	-	-
Net Assets	-£1,530,350	56.2%	-£3,497,031	-66.4%	-£2,101,955	-268.2%	-£570,930	-	-

Cash Flow

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	-
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	-
Contingent Liability	NO	-	NO	-	NO	-	NO	-	-
Capital Employed	£3,071,343	999.9%	£214,080	423.5%	-£66,169	-106.4%	£1,029,070	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors	DAINS LLP
Auditor Comments	The audit report contains no adverse comments
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/03/11	31/03/10	31/03/09	31/03/08	-
Pre-tax profit margin %	6.76	-42.75	-	-	-
Current ratio	1.16	0.99	0.67	1.75	-
Sales/Net Working Capital	11.35	-111.15	-	-	-
Gearing %	-300.70	-106.10	-96.90	-280.20	-
Equity in %	-12.90	-101.10	-90.50	-27.50	-
Creditor Days	54.20	88.55	-	-	-
Debtor Days	4.10	9.53	-	-	-
Liquidity/Acid Test	0.59	0.20	0.08	0.23	-
Return On Capital Employed %	35.84	-651.66	-	-	-
Return On Total Assets Employed %	9.13	-40.24	-	-	-
Current Debt Ratio	-5.86	-0.93	-1.14	-1.82	-
Total Debt Ratio	-8.87	-1.99	-2.10	-4.63	-
Stock Turnover Ratio %	31.19	78.34	-	-	-
Return on Net Assets Employed %	-71.94	39.89	-	-	-

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Mortgage Summary

Outstanding	4
Satisfied	0

Status History

No Status History found

Event History

Date	Description
22/03/2012	Change of Name	View Document
11/10/2011	Annual Returns	View Document
10/09/2011	New Accounts Filed	View Document
10/09/2011	New Accounts Filed	View Document
19/03/2011	New Accounts Filed	View Document
11/10/2010	Annual Returns	View Document
07/07/2010	Change in Reg.Office	View Document
07/07/2010	Change of Company Postcode	View Document
31/05/2010	New Board Member Mr A.W. Smith appointed	View Document
08/02/2010	New Accounts Filed	View Document
08/02/2010	New Accounts Filed	View Document
30/09/2009	Annual Returns	View Document
06/02/2009	Annual Returns	View Document
22/10/2008	New Accounts Filed	View Document
17/10/2008	New Board Member Ms S.E. Bennett appointed	View Document

Previous Company Names

Date	Previous Name	Companies House Documents
20/03/2012	COLOURED ROCKS LIMITED	View Document

Mortgage Details

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	03/03/04
Date Charge Registered:	25/02/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL SUMS DUE OR TO BECOME DUE
Details:	F/H UNIT 2D EAGLE ROAD MOONS MOAT NORTHINDUSTRIAL ESTATE REDDITCH WORCESTERSHIRE T/N HW140901

Mortgage Type:	DEBENTURE
Date Charge Created:	06/01/10
Date Charge Registered:	25/02/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL SUMS DUE OR TO BECOME DUE
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLU DING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	14/02/11
Date Charge Registered:	25/02/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	F/H UNIT 2D EAGLE ROAD NORTH MOONS MOATINDUSTRIAL ESTATE REDDITCH T/N HW140901

Mortgage Type:	DEBENTURE
Date Charge Created:	02/07/10
Date Charge Registered:	08/07/10
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLU DING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.28
UK Pound	1	Rs.88.25
Euro	1	Rs.70.81

INFORMATION DETAILS

Report Prepared by :

PDT

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	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
--	NB	New Business	--

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

Name		Safe Number	Number	Latest Key Financials	Rating	Limit	Turnover
GEMS TV		WW02555525		30.06.2011	20	€0	€110,348