MIRA INFORM REPORT

 

 

Report Date :

01.11.2014

 

IDENTIFICATION DETAILS

 

Name :

GREENSPARK LTD

 

 

Registered Office :

Alpha House4 Greek Streetstockportsk3 8ab

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2012

 

 

Com Reg. No.:

03400686

 

 

Date of Incorporation :

09.07.1997

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Wholesale of unmounted and mounted gemstones.

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but correct

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

UNITED KINGDOM - ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these included nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of £375 billion (approximately $605 billion) as of December 2013. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase

 

Source : CIA

 

Company name and address

 

GREENSPARK LTD

 

Company No:                03400686

 

Registered Address:      ALPHA HOUSE4 GREEK STREETSTOCKPORTSK3 8AB

 

 

Company Summary

 

Registered Address

ALPHA HOUSE
4 GREEK STREET
STOCKPORT
SK3 8AB

 

Trading Address

Alpha House
4 Greek Street
Stockport
Cheshire
SK3 8AB

 

Website Address          http://www.gsccc.co.uk

 

Telephone Number       01614366600

 

TPS                              No

 

FPS                              No

 

Incorporation Date       09/07/1997

 

Type                             Private limited with Share Capital

 

Filing Date of Accounts            26/09/2013

Currency                                  GBP

Share Capital                           £100

SIC07                                       46900

SIC07 Description                    NON-SPECIALISED WHOLESALE TRADE

Principal Activity                      Wholesale of unmounted and mounted gemstones.


 

Key Financials

 

Year to Date                 Turnover          Pre Tax            Profit  Shareholder  Funds Employees

31/12/2012                     -                      -                       £447,044                        -

31/12/2011                     -                      -                       £339,242                        -

31/12/2010                     -                      -                       £223,432                       -

 

 

MORTGAGE SUMMARY

 

Total Mortgage             0

Outstanding                 0

Satisfied                       0

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade     0

Total Value of Documented Trade        £0

 

 

Commentary

 

No comments to display

 

 

 

Back to Tophttp://app.creditsafeuk.com/CSUKlive/Images/Up.jpg

 

Number of Experiences

-

Customer Payment Experiences are supplied by Creditsafe users based on their payment experience with their customers.

Trade Payment Information

 

Average Invoice Value

84.76

Invoices available

37

Paid

37

Outstanding

0

 

Enquiries Trend

There have been 12 enquiries in the last 12 months.

There are an average of 1 reports taken each month.

 

 

3 MONTHS

6 MONTHS

9 MONTHS

Enquiries

2

5

6

Created with Highcharts 4.0.42563 months6 months9 months01234567

Show more

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

4

 

 

Current Directors

 

Name

Amit Khandelwal

Date of Birth

06/10/1972

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

15/07/1997

Address

4 Greek Street, Stockport, Cheshire, SK3 8AB

Other Actions

View Director Report

View Consumer Report

View AML Report

View Trace Report

Disqualified

Disqualified End Date

Disqualification Exception

No

 

Name

Anshul Sethi

Date of Birth

07/09/1968

Officers Title

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

01/11/2003

Address

4 Greek Street, Stockport, Cheshire, SK3 8AB

Other Actions

View Director Report

View Consumer Report

View AML Report

View Trace Report

Disqualified

Disqualified End Date

Disqualification Exception

No

 

Current Company Secretary

Name

Anshul Sethi

Date of Birth

07/09/1968

Officers Title

Nationality

British

Present Appointments

4

Function

Company Secretary

Appointment Date

06/04/2004

Address

4 Greek Street, Stockport, Cheshire, SK3 8AB

Other Actions

View Consumer Report

View Trace Report

Disqualified

Disqualified End Date

Disqualification Exception

No

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

ATUL SETHI

GBP

40

ORDINARY

1

40

ANSHUL SETHI

GBP

30

ORDINARY

1

30

AMIT KHANDELWAL

GBP

30

ORDINARY

1

30

 

 

Profit & Loss

 

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

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Turnover

-

-

-

-

-

-

-

-

-

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Export

-

-

-

-

-

-

-

-

-

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Cost of Sales

-

-

-

-

-

-

-

-

-

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Gross Profit

-

-

-

-

-

-

-

-

-

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Wages & Salaries

-

-

-

-

-

-

-

-

-

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Directors Emoluments

-

-

-

-

-

-

-

-

-

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Operating Profit

-

-

-

-

-

-

-

-

-

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Depreciation

£2,290

-5.2%

£2,416

-14.7%

£2,832

15.6%

£2,450

-

-

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Audit Fees

-

-

-

-

-

-

-

-

-

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Interest Payments

-

-

-

-

-

-

-

-

-

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Pre Tax Profit

-

-

-

-

-

-

-

-

-

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Taxation

-

-

-

-

-

-

-

-

-

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Profit After Tax

-

-

-

-

-

-

-

-

-

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Dividends Payable

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Retained Profit

-

-

-

-

-

-

-

-

-

Balance Sheet

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

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Tangible Assets

£9,157

-5.2%

£9,662

-14.5%

£11,298

15.3%

£9,803

-19%

£12,104

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Intangible Assets

0

-

0

-

0

-

0

-

0

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Total Fixed Assets

£9,157

-5.2%

£9,662

-14.5%

£11,298

15.3%

£9,803

-19%

£12,104

http://static.creditsafe.com/IMAGES/barchart-grey.png

Stock

£802,460

13.1%

£709,350

12.9%

£628,340

16.4%

£540,030

20.1%

£449,478

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Trade Debtors

£1,101,861

2.8%

£1,071,849

19.3%

£898,557

13.2%

£793,813

36.7%

£580,869

http://static.creditsafe.com/IMAGES/barchart-grey.png

Cash

£613,503

10.6%

£554,714

138.6%

£232,462

-45.9%

£429,346

205%

£140,748

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Other Debtors

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Current Assets

£2,517,824

7.8%

£2,335,913

32.8%

£1,759,359

-0.2%

£1,763,189

50.6%

£1,171,095

http://static.creditsafe.com/IMAGES/barchart-grey.png

Trade Creditors

£2,077,854

3.8%

£2,002,633

29.7%

£1,544,351

-1.8%

£1,572,399

55.9%

£1,008,636

http://static.creditsafe.com/IMAGES/barchart-grey.png

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Other Short Term Finance

£2,083

-43.7%

£3,700

28.7%

£2,874

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Current Liabilities

£2,079,937

3.7%

£2,006,333

29.7%

£1,547,225

-1.6%

£1,572,399

55.9%

£1,008,636

http://static.creditsafe.com/IMAGES/barchart-grey.png

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Other Long Term Finance

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

.

Capital & Reserves

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

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Called Up Share Capital

£100

-

£100

-

£100

-

£100

-

£100

http://static.creditsafe.com/IMAGES/barchart-grey.png

P & L Account Reserve

£446,944

31.8%

£339,142

51.9%

£223,332

11.4%

£200,493

14.9%

£174,463

http://static.creditsafe.com/IMAGES/barchart-grey.png

Revaluation Reserve

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Sundry Reserves

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Shareholder Funds

£447,044

31.8%

£339,242

51.8%

£223,432

11.4%

£200,593

14.9%

£174,563

 

 

Other Financial Items

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

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Net Worth

£447,044

31.8%

£339,242

51.8%

£223,432

11.4%

£200,593

14.9%

£174,563

http://static.creditsafe.com/IMAGES/barchart-grey.png

Working Capital

£437,887

32.9%

£329,580

55.4%

£212,134

11.2%

£190,790

17.4%

£162,459

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Total Assets

£2,526,981

7.7%

£2,345,575

32.5%

£1,770,657

-0.1%

£1,772,992

49.8%

£1,183,199

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Total Liabilities

£2,079,937

3.7%

£2,006,333

29.7%

£1,547,225

-1.6%

£1,572,399

55.9%

£1,008,636

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Net Assets

£447,044

31.8%

£339,242

51.8%

£223,432

11.4%

£200,593

14.9%

£174,563

 

 

Miscellaneous

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

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Capital Employed

£447,044

31.8%

£339,242

51.8%

£223,432

11.4%

£200,593

14.9%

£174,563

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Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

Auditor Comments

The company is exempt from audit

Bankers

Bank Branch Code

 

 

Ratios

Date Of Accounts

31/12/12

31/12/11

31/12/10

31/12/09

31/12/08

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Pre-tax profit margin %

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Current ratio

1.21

1.16

1.14

1.12

1.16

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Sales/Net Working Capital

-

-

-

-

-

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Gearing %

0

0

0

0

0

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Equity in %

17.70

14.50

12.60

11.30

14.80

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Creditor Days

-

-

-

-

-

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Debtor Days

-

-

-

-

-

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Liquidity/Acid Test

0.82

0.81

0.73

0.77

0.71

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Return On Capital Employed %

-

-

-

-

-

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Return On Total Assets Employed %

-

-

-

-

-

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Current Debt Ratio

4.65

5.91

6.92

7.83

5.77

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Total Debt Ratio

4.65

5.91

6.92

7.83

5.77

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Stock Turnover Ratio %

-

-

-

-

-

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Return on Net Assets Employed %

-

-

-

-

-

 

Status History

No Status History found

 

 

Event History

Date

Description

24/07/2014

Annual Returns

16/10/2013

Mr A. Sethi has left the board

07/10/2013

New Accounts Filed

29/07/2013

Annual Returns

09/08/2012

Annual Returns

16/05/2012

New Accounts Filed

16/05/2012

New Accounts Filed

03/10/2011

New Accounts Filed

15/08/2011

Annual Returns

07/10/2010

New Accounts Filed

10/08/2010

Annual Returns

02/02/2010

New Accounts Filed

14/08/2009

Annual Returns

04/02/2009

New Accounts Filed

23/01/2009

Accounts Overdue

 

 

Previous Company Names

No Previous Names found

 

Statistics

Group

-

Linkages

0 companies

Countries

In 0 countries

 

 

Group structure

No group structure



Statistics

Group

0 companies

Linkages

0 companies

Countries

In 0 countries

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

Michael Sheldon Silverstone

13

1259

Alexandra Silverstone

11

1267

Atul Sethi

0

1

Mala Sethi

0

1

 

Average Invoice Value

£84.76

Invoices available

37

Paid

37

Outstanding

0

 

 

Within Terms

0-30 Days

31-60 Days

61-90 Days

91+ Days

Paid

15

18

2

2

0

Outstanding

0

0

0

0

0

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.41

UK Pound

1

Rs.98.06

Euro

1

Rs.77.19

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIS

 

               

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.