MIRA INFORM REPORT

 

 

Report Date :

04.09.2014

 

IDENTIFICATION DETAILS

 

Name :

OUTDOOR LEISUREWEAR LIMITED

 

 

Registered Office :

Unit 2, Trafalgar Business Park Broughton Lane Manchester M8 9TZ

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.01.2014

 

 

Date of Incorporation :

09.09.1991

 

 

Com. Reg. No.:

02643945

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Wholesale of Clothing and Footwear.

 

 

No of Employees :

Not Available

 

 

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 :

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 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

C2

Very High Risk

 

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

 

 

 

Top of FormCompany Name           OUTDOOR LEISUREWEAR LIMITED

Company No:               02643945

Company Status:         Active - Accounts Filed

Registered Address:     UNIT 2, TRAFALGAR BUSINESS PARK BROUGHTON LANE MANCHESTER M8 9TZ

 

 

Company Summary

Registered Address               UNIT 2, TRAFALGAR BUSINESS PARK
BROUGHTON LANE
MANCHESTER
M8 9TZ

Trading Address                      Unit 2
Trafalgar Business Park
Broughton Lane
Manchester, Lancashire
M8 9TZ

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

Telephone Number                  01618342246

 

TPS                                          No

 

FPS                                          No

 

Incorporation Date                   09/09/1991

 

 

Previous Name                        --

 

Type                                        Private limited with Share Capital

 

 

FTSE Index                              --

 

Date of Change                        --

 

Filing Date of Accounts            25/07/2014

 

Currency                                  GBP

 

Share Capital                          £11,500

 

SIC07                                       46420

 

Charity Number                       --

 

SIC07 Description                    WHOLESALE OF CLOTHING AND FOOTWEAR

 

Principal Activity                     Wholesale of clothing and footwear.

 

 

Key financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

31/03/2014

--

--

£ 1,483,936

--

31/03/2013

--

--

£ 1,329,125

--

31/03/2012

--

--

£ 1,119,263

--

 

 

Mortgage Summary

 

Total Mortgage               4         

Outstanding                   4

Satisfied                        0

 

 

Trade Debtors/Bad Debt Summary

 

Total Number of Documented Trade                     3

Total Value of Documented Trade                        £ 3,274

 

 

Commentary

 

No exact match CCJs are recorded against the company.

Net Worth increased by 11.6% during the latest trading period.

A 15.7% growth in Total Assets occurred during the latest trading period.

The movement in accumulated earnings would indicate that the company made a profit after tax and other appropriations, including dividends.

There has been no significant change in the company's credit rating.

There is insufficient data to indicate a change in this company's percentage of sales.

There is insufficient data to indicate a change in this company's pre-tax profit.

The company saw a decrease in their Cash Balance of 91.6% during the latest trading period.

The company is exempt from audit.

No recent changes in directorship are recorded.

The company is not part of a group.

The company was established over 22 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 -

-

 

 

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

Show more

 

Total Current Directors

4

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

3

 

 

Current Directors

 

Name

Bhupinder Nath Mehan

Date of Birth

13/04/1941

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

09/09/1991

 

 

Address

18 Regency Gardens, Cheadle Hulme, Cheadle, Cheshire, SK8 6SX

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Saroj Kanta Mehan

Date of Birth

15/06/1946

Officers Title

Mrs

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

09/09/1991

 

 

Address

18 Regency Gardens, Cheadle Hulme, Cheadle, Cheshire, SK8 6SX

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Ajay Kumar Mehan

Date of Birth

06/01/1969

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

09/09/1991

 

 

Address

3 Meddings Close, Alderley Edge, Cheshire, SK9 7XA

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Preeti Mehan

Date of Birth

21/01/1975

Officers Title

Ms

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

25/04/1994

 

 

Address

3 Meddings Close, Alderley Edge, Cheshire, SK9 7XA

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

Bhupinder Nath Mehan

Date of Birth

13/04/1941

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Company Secretary

Appointment Date

09/09/1991

 

 

Address

18 Regency Gardens, Cheadle Hulme, Cheadle, Cheshire, SK8 6SX

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

AJAY KUMAR MEHAN

GBP

5,100

ORDINARY

1

44.35

PREETI MEHAN

GBP

4,900

ORDINARY

1

42.61

AJAY KUMAR MEHAN

GBP

765

ORDINARY A

1

6.65

PREETI MEHAN

GBP

735

ORDINARY A

1

6.39

 

 

Profit & Loss

 

Date Of Accounts

31/01/14

(%)

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£6,374

11.1%

£5,736

-5.1%

£6,045

-46.7%

£11,340

-19.8%

£14,147

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

31/01/14

(%)

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

Tangible Assets

£26,543

4.3%

£25,455

-3.8%

£26,471

-39.7%

£43,919

-17.4%

£53,164

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£26,543

4.3%

£25,455

-3.8%

£26,471

-39.7%

£43,919

-17.4%

£53,164

Stock

£1,101,211

37.4%

£801,572

8%

£742,523

-15.4%

£877,194

56.1%

£562,080

Trade Debtors

£531,785

50.9%

£352,478

55.8%

£226,214

-37%

£359,088

-24.7%

£476,854

Cash

£23,162

-91.6%

£274,807

-4.9%

£289,027

999.9%

£18,697

-87.5%

£149,644

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£1,656,158

15.9%

£1,428,857

13.6%

£1,257,764

0.2%

£1,254,979

5.6%

£1,188,578

Trade Creditors

£198,765

58.8%

£125,187

-24.1%

£164,972

-32.2%

£243,366

70.1%

£143,085

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Total Current Liabilities

£198,765

58.8%

£125,187

-24.1%

£164,972

-32.2%

£243,366

70.1%

£143,085

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

 

 

Capital & Reserves

 

Date Of Accounts

31/01/14

(%)

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

Called Up Share Capital

£11,500

-

£11,500

-

£11,500

-

£11,500

-

£11,500

P & L Account Reserve

£1,323,936

13.2%

£1,169,125

21.9%

£959,263

7.1%

£895,532

-4.6%

£938,657

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£148,500

-

£148,500

-

£148,500

-

£148,500

-

£148,500

Shareholder Funds

£1,483,936

11.6%

£1,329,125

18.8%

£1,119,263

6%

£1,055,532

-3.9%

£1,098,657

 

 

Other Financial Items

 

Date Of Accounts

31/01/14

(%)

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

Net Worth

£1,483,936

11.6%

£1,329,125

18.8%

£1,119,263

6%

£1,055,532

-3.9%

£1,098,657

Working Capital

£1,457,393

11.8%

£1,303,670

19.3%

£1,092,792

8%

£1,011,613

-3.2%

£1,045,493

Total Assets

£1,682,701

15.7%

£1,454,312

13.2%

£1,284,235

-1.1%

£1,298,898

4.6%

£1,241,742

Total Liabilities

£198,765

58.8%

£125,187

-24.1%

£164,972

-32.2%

£243,366

70.1%

£143,085

Net Assets

£1,483,936

11.6%

£1,329,125

18.8%

£1,119,263

6%

£1,055,532

-3.9%

£1,098,657

 

 

Cash Flow

 

Date Of Accounts

31/01/14

(%)

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/01/14

(%)

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£1,483,936

11.6%

£1,329,125

18.8%

£1,119,263

6%

£1,055,532

-3.9%

£1,098,657

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

NATIONAL WESTMINSTER BANK PLC

Bank Branch Code

 

 

 

Ratios

 

Date Of Accounts

31/01/14

31/01/13

31/01/12

31/01/11

31/01/10

Pre-tax profit margin %

-

-

-

-

-

Current ratio

8.33

11.41

7.62

5.16

8.31

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0

0

0

0

0

Equity in %

88.20

91.40

87.20

81.30

88.50

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

2.79

5.01

3.12

1.55

4.37

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.13

0.09

0.14

0.23

0.13

Total Debt Ratio

0.13

0.09

0.14

0.23

0.13

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

Summary Directors/Shareholders Financials Event History Group Structure Media Solutions

Status History Event History Rating History Limit History Previous Company Names

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

09/08/2014

New Accounts Filed

23/10/2013

New Accounts Filed

08/10/2013

Annual Returns

14/11/2012

Annual Returns

19/10/2012

New Accounts Filed

19/09/2011

Annual Returns

24/08/2011

New Accounts Filed

11/10/2010

New Accounts Filed

02/10/2010

Annual Returns

22/09/2009

Annual Returns

25/08/2009

New Accounts Filed

12/10/2008

New Accounts Filed

23/09/2008

Annual Returns

09/11/2007

Annual Returns

29/10/2007

New Accounts Filed

 

 

Previous Company Names

 

No Previous Names found

 

 

Group structure

 

No group structure

 

 

Exact CCJ Details

 

No CCJs found

 

 

Possible CCJs Details

 

There are no possible CCJ details

 

 

Mortgage Details

 

Mortgage Type:

CHARGE OVER CREDIT BALANCES

Date Charge Created:

05/03/93

 

 

Date Charge Registered:

11/03/93

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

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

Details:

£200,000 TOG WITH INTEREST ACCRUED NOW OR TO BE HELD BY THE BANK ON AN ACCOUNT NUMBERED 04507258 AND DESIGNATED BY REF TO THE COMPANY

Mortgage Type:

CHARGE OVER CREDIT BALANCES

Date Charge Created:

18/06/92

 

 

Date Charge Registered:

24/06/92

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

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

Details:

THE SUM OF £170500 TOG: WITH INTEREST ACCRUED NOW OR TO BE HELD BY NATIONAL WESTMINSTER BANK PLC ONAN ACCOUNT NUMBERED04507258 AND EARMARKED OR DESIGNATED BYREFERENCE TO THE COMPANYTHE ENTRY IN COL.6 ABOVE HAS THIS DAY BEEN AMENDED PLEASE SEE DOC.M38R.M.GROVES 21/9/92

 

 

Mortgage Type:

CHARGE OVER CREDIT BALANCE

Date Charge Created:

10/01/92

 

 

Date Charge Registered:

16/01/92

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

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

Details:

THE SUM OF £114,000 TOG: WITH INTERESTON ACCOUNT NO: 01023993-SEE FORM 395 FOR FULL DETAILSTHE ENTRY IN COL.6 ABOVE HAS THIS DAY BEEN AMENDED PLEASE SEE DOC.M42R.M.GROVES 28/4/92

Mortgage Type:

MORTGAGE DEBENTURE

Date Charge Created:

16/09/91

 

 

Date Charge Registered:

25/09/91

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

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

Details:

A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES

 

 

Creditor Details

 

 

Total Number

Total Value

Trade Creditors

0

-

No Creditor Data

 

 

Trade Debtors / Bad Debt Detail

 

 

Total Number of Documented Trade

Total Value of Documented Trade

 

Trade Debtors

3

£3,274

 

Company Name

Amount

Statement Date

Great Outdoors (Chester) Ltd

£1,386

14/05/2013

Sutton Outdoors Limited

£1,217

28/02/2012

The Camping & Outdoor Centre (Halifax) Limited

£671

11/02/2010

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

John Thomas Evans

0

2

LONDON LAW SERVICES LIMITED

1697

53451

LONDON LAW SECRETARIAL LIMITED

1799

53393

Average Invoice Value

£312

 

Invoices available

3

 

Paid

3

 

Outstanding

0

 

 

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

 

Within Terms

0-30 Days

31-60 Days

61-90 Days

91+ Days

Paid

1

2

0

0

0

Outstanding

0

0

0

0

0

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.54

UK Pound

1

Rs.99.73

Euro

1

Rs.79.54

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TPT

 

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.