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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

508743

Report Date :

11.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

LEISUREWEAR INTERNATIONAL LIMITED

 

 

Registered Office :

2nd Floor Parkgates Bury New Road Manchester M25 0tl

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

03.01.2002

 

 

Com. Reg. No.:

04346735

 

 

Legal Form :

limited with Share Capital

 

 

Line of Business :

·         Subject is engaged in wholesale of clothing and footwear

·         Importers, general merchants and distributors of goods.

 

 

No. of Employees :

35

 

 

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately 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. 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; the UK has been a net importer of energy since 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.

 

In 2008, 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 the UK’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. Facing burgeoning public deficits and debt levels, in 2010 the then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.

 

The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.

 

Source : CIA

 

Company name and address

 

Company Name                        :           LEISUREWEAR INTERNATIONAL LIMITED

Company No                             :           04346735

Company Status                       :           Active - Accounts Filed

Registered Address                   :           2ND FLOOR PARKGATESBURY NEW ROADMANCHESTERM25 0TL

 

 

Company Summary

 

Registered Address                               2ND FLOOR PARKGATES
BURY NEW ROAD
MANCHESTER
M25 0TL

 

Trading Address                                    2nd Floor Parkgates
Bury New Road
Manchester
M25 0TL
M25 0TL

 

Website Address                                   http://www.leisurewearinternational.com

 

Telephone Number                                -

Fax Number

TPS                                                      -

FPS                                                      Yes

Incorporation Date                                 03/01/2002

 

Previous Name

 

Type                                                     Private limited with Share Capital

 

FTSE Index                                           -

Date of Change                                     -

Filing Date of Accounts                                     31/10/2017

Currency                                               GBP

Share Capital                                        £100

SIC07                                                   46420

Charity Number                                     -

SIC07                                                   Description WHOLESALE OF CLOTHING AND FOOTWEAR

Principal Activity                                   Importers, general merchants and distributors of goods.

 

 

Key Financials

 

Year to Date                 Turnover           Pre Tax Profit                Shareholder's Funds                  Employees

31/12/2016                    -                      -                                   £1,023,202                                35

31/12/2015                    £13,465,930      £498,821                       £983,648                                   -

31/12/2014                    £13,980,926      £332,464                       £713,281                                   24

 

 

Mortgage Summary

 

Total Mortgage                                      14

Outstanding                                          5

Satisfied                                               9

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade 1

Total Value of Documented Trade £27,000

 

 

Commentary

 

This company has been treated as a Small company in respect of the rating/limit generated.

This company has only made late payments on a low percentage of invoices.

The latest Balance Sheet indicates a positive net working capital position.

There has been an increase in shareholders funds compared with the previous balance sheet.

This company trades in an industry with a moderate level of corporate failures.

 

 

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 -

-

 

 

Current Directors

 

Title

Mr

Function

Director

Name

David Mechlowitz

Nationality

British

Date of Birth

02/1979

Present Appointments

3

Latest Address

86 Cavendish Road, Salford, Lancashire

Appointment Date

16/01/2007

Post Code

M7 4WA

Title

Mr

Function

Director

Name

Avi Klein

Nationality

British

Date of Birth

07/1976

Present Appointments

1

Latest Address

58 Singleton Road, Salford, Manchester

Appointment Date

10/01/2002

Post Code

M7 4LU

 

Title

Mr

Function

Director

Name

Howard Henoch Moher

Nationality

British

Date of Birth

01/1963

Present Appointments

1

Latest Address

391 Hillcrest Road, Englewood, New Jersey

Appointment Date

10/01/2002

Post Code

NJ07 631

Title

Mr

Function

Director

Name

Yamin Ibgui

Nationality

British

Date of Birth

01/1967

Present Appointments

6

Latest Address

10 Rutland Drive, Salford, Lancashire

Appointment Date

22/10/2002

Post Code

M7 4WJ

 

 

Current Company Secretary

 

Title

Mr

Function

Company Secretary

Name

Yamin Ibgui

Nationality

British

Date of Birth

01/1967

Present Appointments

13

Latest Address

10 Rutland Drive, Salford, Lancashire

Appointment Date

10/01/2002

Post Code

M7 4WJ

 

 

Top Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

HOWARD MOHER

GBP

20

ORDINARY D

1

20

TRUSTEE OF SIMON IBGUI

GBP

20

ORDINARY A

1

20

DALIA MECHLOWITZ

GBP

15

ORDINARY C

1

15

DAVID MECHLOWITZ

GBP

15

ORDINARY C

1

15

AVI KLEIN

GBP

15

ORDINARY B

1

15

SARIE KLEIN

GBP

15

ORDINARY B

1

15

 

 

Financials

 

Profit & Loss

Date Of Accounts

31/12/16

(%)

31/12/15

(%)

31/12/14

(%)

31/12/13

(%)

31/12/12

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

Y

(%)

Y

(%)

Y

(%)

Y

barchart-grey

Turnover

-

-

£13,465,930

-3.7%

£13,980,926

-2.5%

£14,339,350

20.8%

£11,874,025

barchart-grey

Export

-

-

-

-

-

-

£10,842,883

999.9%

£55

barchart-grey

Cost of Sales

-

-100%

£10,769,975

-7.8%

£11,677,651

-0.4%

£11,729,043

18.7%

£9,880,513

barchart-grey

Gross Profit

-

-

£2,695,955

17%

£2,303,275

-11.8%

£2,610,307

30.9%

£1,993,512

barchart-grey

Wages & Salaries

-

-

-

-

£571,571

-4%

£595,546

3.6%

£574,986

barchart-grey

Directors Emoluments

-

-

£76,509

24%

£61,725

1.3%

£60,933

16%

£52,514

barchart-grey

Operating Profit

-

-

£625,414

23.1%

£507,854

59.2%

£318,977

932.3%

-£38,327

barchart-grey

Depreciation

£22,001

-13.1%

£25,313

144.9%

£10,337

-26%

£13,964

-28.4%

£19,493

barchart-grey

Audit Fees

-

-100%

£7,500

-

£7,500

-

£7,500

15.4%

£6,500

barchart-grey

Interest Payments

-

-

£126,593

-27.9%

£175,588

39.4%

£125,924

-5.7%

£133,494

barchart-grey

Pre Tax Profit

-

-

£498,821

50%

£332,464

71.1%

£194,278

213.1%

-£171,707

barchart-grey

Taxation

-

-

-£96,788

-33.1%

-£72,723

-172.9%

-£26,651

-733.8%

£4,205

barchart-grey

Profit After Tax

-

-

£402,033

54.8%

£259,741

55%

£167,627

200.1%

-£167,502

barchart-grey

Dividends Payable

-

-

£131,666

9.7%

£120,000

-

£120,000

-

£120,000

barchart-grey

Retained Profit

-

-

£270,367

93.5%

£139,741

193.4%

£47,627

116.6%

-£287,502

 

Balance Sheet

Date Of Accounts

31/12/16

(%)

31/12/15

(%)

31/12/14

(%)

31/12/13

(%)

31/12/12

barchart-grey

Tangible Assets

£366,001

-2.6%

£375,940

12.2%

£334,945

361.5%

£72,578

21.3%

£59,829

barchart-grey

Intangible Assets

0

-

0

-

0

-100%

£5,000

-50%

£10,000

barchart-grey

Total Fixed Assets

£366,001

-2.6%

£375,940

12.2%

£334,945

331.8%

£77,578

11.1%

£69,829

barchart-grey

Stock

£1,848,318

0.1%

£1,846,205

19.3%

£1,548,063

-37.1%

£2,459,777

11.4%

£2,208,662

barchart-grey

Trade Debtors

£2,549,110

40.1%

£1,819,563

-27.2%

£2,499,733

25%

£2,000,154

23.2%

£1,623,556

barchart-grey

Cash

£188,778

999.9%

£1,801

-99%

£176,750

999.9%

£4,078

-10.1%

£4,538

barchart-grey

Other Debtors

£212,012

27.8%

£165,920

104.4%

£81,175

-46.3%

£151,038

-50.9%

£307,875

barchart-grey

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

barchart-grey

Total Current Assets

£4,798,218

25.2%

£3,833,489

-11%

£4,305,721

-6.7%

£4,615,047

11.4%

£4,144,631

barchart-grey

Trade Creditors

£884,897

54.2%

£574,005

-17.4%

£695,260

-20.9%

£878,760

-70.7%

£2,997,057

barchart-grey

Bank Loans & Overdrafts

£2,202,765

42.6%

£1,544,412

-35.7%

£2,402,426

-3.1%

£2,479,786

-

0

barchart-grey

Other Short Term Finance

£203,292

-67.4%

£623,424

11.2%

£560,504

12.5%

£498,360

-1.9%

£508,269

barchart-grey

Miscellaneous Current Liabilities

£850,063

75.7%

£483,940

79.8%

£269,195

-7.6%

£291,287

1.4%

£287,177

barchart-grey

Total Current Liabilities

£4,141,017

28.4%

£3,225,781

-17.9%

£3,927,385

-5.3%

£4,148,193

9.4%

£3,792,503

barchart-grey

Bank Loans & Overdrafts and LTL

£2,202,765

42.6%

£1,544,412

-35.7%

£2,402,426

-3.1%

£2,479,786

-

0

barchart-grey

Other Long Term Finance

0

-

0

-

0

-

0

-

0

barchart-grey

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

.

Capital & Reserves

Date Of Accounts

31/12/16

(%)

31/12/15

(%)

31/12/14

(%)

31/12/13

(%)

31/12/12

barchart-grey

Called Up Share Capital

£100

-

£100

-

£100

-

£100

-

£100

barchart-grey

P & L Account Reserve

£1,023,102

4%

£983,548

37.9%

£713,181

31%

£544,332

21.7%

£447,235

barchart-grey

Revaluation Reserve

-

-

-

-

-

-

-

100%

-£25,378

barchart-grey

Sundry Reserves

-

-

-

-

-

-

-

-

-

barchart-grey

Shareholder Funds

£1,023,202

4%

£983,648

37.9%

£713,281

31%

£544,432

29%

£421,957

 

Other Financial Items

Date Of Accounts

31/12/16

(%)

31/12/15

(%)

31/12/14

(%)

31/12/13

(%)

31/12/12

barchart-grey

Net Worth

£1,023,202

4%

£983,648

37.9%

£713,281

32.2%

£539,432

30.9%

£411,957

barchart-grey

Working Capital

£657,201

8.1%

£607,708

60.6%

£378,336

-19%

£466,854

32.6%

£352,128

barchart-grey

Total Assets

£5,164,219

22.7%

£4,209,429

-9.3%

£4,640,666

-1.1%

£4,692,625

11.3%

£4,214,460

barchart-grey

Total Liabilities

£4,141,017

28.4%

£3,225,781

-17.9%

£3,927,385

-5.3%

£4,148,193

9.4%

£3,792,503

barchart-grey

Net Assets

£1,023,202

4%

£983,648

37.9%

£713,281

31%

£544,432

29%

£421,957

 

Cash Flow

Date Of Accounts

31/12/16

(%)

31/12/15

(%)

31/12/14

(%)

31/12/13

(%)

31/12/12

barchart-grey

Net Cashflow from Operations

-

-

£1,040,100

28.1%

£812,151

139.9%

£338,572

138.3%

-£884,391

barchart-grey

Net Cashflow before Financing

-

-100%

£620,145

40.2%

£442,172

211.6%

£141,919

112.7%

-£1,120,635

barchart-grey

Net Cashflow from Financing

-

-

-£197,993

-208.7%

£182,153

-64.8%

£517,658

-51.6%

£1,069,763

barchart-grey

Increase in Cash

-

-

£422,152

-32.4%

£624,325

-5.3%

£659,577

999.9%

-£50,872

 

Miscellaneous

Date Of Accounts

31/12/16

(%)

31/12/15

(%)

31/12/14

(%)

31/12/13

(%)

31/12/12

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

barchart-grey

Capital Employed

£1,023,202

4%

£983,648

37.9%

£713,281

31%

£544,432

29%

£421,957

barchart-grey

Number of Employees

35

-

-

-

24

-

24

-

-

Accountants

HAFFNER HOFF LIMITED

Auditors

Auditor Comments

The company is exempt from audit

 

Ratios

Date Of Accounts

31/12/16

31/12/15

31/12/14

31/12/13

31/12/12

barchart-grey

Pre-tax profit margin %

-

3.70

2.38

1.35

-1.45

barchart-grey

Current ratio

1.16

1.19

1.10

1.11

1.09

barchart-grey

Sales/Net Working Capital

-

22.16

36.95

30.71

33.72

barchart-grey

Gearing %

215.30

157

336.80

455.50

0

barchart-grey

Equity in %

19.80

23.40

15.40

11.60

10

barchart-grey

Creditor Days

-

15.51

18.10

22.30

91.87

barchart-grey

Debtor Days

-

49.18

65.08

50.77

49.77

barchart-grey

Liquidity/Acid Test

0.71

0.61

0.70

0.51

0.51

barchart-grey

Return On Capital Employed %

-

50.71

46.61

35.68

-40.69

barchart-grey

Return On Total Assets Employed %

-

11.85

7.16

4.14

-4.07

barchart-grey

Current Debt Ratio

4.04

3.27

5.50

7.61

8.98

barchart-grey

Total Debt Ratio

4.04

3.27

5.50

7.61

8.98

barchart-grey

Stock Turnover Ratio %

-

13.71

11.07

17.15

18.60

barchart-grey

Return on Net Assets Employed %

-

50.71

46.61

35.68

-40.69

 

Report Notes

There are no notes to display.

 

Status History

No Status History found

 

 

Event History

 

Date

Description

01/02/2018

Confirmation Statement

07/11/2017

New Accounts Filed

03/05/2017

Payment Data Update Received

28/03/2017

Payment Data Update Received

15/03/2017

Payment Data Update Received

17/01/2017

Annual Returns

14/12/2016

Payment Data Update Received

01/09/2016

New Accounts Filed

01/09/2016

New Accounts Filed

13/05/2016

Payment Data Update Received

19/04/2016

Payment Data Update Received

02/04/2016

Payment Data Update Received

18/02/2016

Annual Returns

28/11/2015

New Accounts Filed

28/11/2015

New Accounts Filed

 

Previous Company Names

No Previous Names found

 

Writ Details

No writs found

 

Statistics

Group

-

Linkages

0 companies

Countries

In 0 countries

 

Summary

Holding Company

-

Ownership Status

Ultimate Holding Company

-

 

Group StructureFull

No Group Structure

 

 

Mortgage Details

 

Mortgage Type:

Date Charge Created:

12/04/18

Date Charge Registered:

19/04/18

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BARCLAYS BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

Mortgage Type:

Date Charge Created:

06/11/17

Date Charge Registered:

14/11/17

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BARCLAYS BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.

 

Mortgage Type:

Date Charge Created:

25/09/17

Date Charge Registered:

27/09/17

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BARCLAYS BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.

Mortgage Type:

Date Charge Created:

09/03/16

Date Charge Registered:

15/03/16

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BARCLAYS BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

 

Mortgage Type:

Date Charge Created:

01/03/16

Date Charge Registered:

08/03/16

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BARCLAYS BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

Mortgage Type:

Date Charge Created:

03/06/15

Date Charge Registered:

15/06/15

Date Charge Satisfied:

09/06/16

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE.

 

Mortgage Type:

Date Charge Created:

03/06/15

Date Charge Registered:

04/06/15

Date Charge Satisfied:

13/06/16

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE.

Mortgage Type:

Date Charge Created:

03/06/15

Date Charge Registered:

04/06/15

Date Charge Satisfied:

09/06/16

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE.

 

Mortgage Type:

Date Charge Created:

28/05/14

Date Charge Registered:

28/05/14

Date Charge Satisfied:

07/07/16

Status:

SATISFIED

Person(s) Entitled:

RBS INVOICE FINANCE LIMITED;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

Mortgage Type:

Date Charge Created:

08/05/14

Date Charge Registered:

21/05/14

Date Charge Satisfied:

07/07/16

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

 

Mortgage Type:

FLOATING CHARGE (ALL ASSETS)

Date Charge Created:

01/04/11

Date Charge Registered:

05/04/11

Date Charge Satisfied:

16/02/16

Status:

SATISFIED

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD (“THE SECURITY HOLDER”);

Amount Secured:

Details:

BY WAY OF FLOATING CHARGE ALL THE UNDERTAKING OF THE COMPANY AND ALL ASSETS WHATSOEVER AND WHERESOEVER INCLUDING STOCK IN TRADE AND UNCALLED CAPITAL BUT EXCLUDING ANY DEBTS AND ASSOCIATED RIGHTS RELATING THERETO

Mortgage Type:

LEGAL ASSIGNMENT

Date Charge Created:

27/01/11

Date Charge Registered:

28/01/11

Date Charge Satisfied:

16/02/16

Status:

SATISFIED

Person(s) Entitled:

HSBC BANK PLC;

Amount Secured:

Details:

ANY CREDIT BALANCE DUE TO THE COMPANY UNDER CONDITION 13 OF THE AGREEMENT FOR THE PURCHASE OF DEBTS AND ANY DISCOUNTINGALLOWANCE DUE UNDER THE CONTRACT THE BENEFIT OF ALL THE OTHER PROVISIONS OF THECONTRACT AND ALL SECURITIES IN RESPECT OF THAT CREDIT BALANCE

 

Mortgage Type:

FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST

Date Charge Created:

19/04/02

Date Charge Registered:

20/04/02

Date Charge Satisfied:

16/02/16

Status:

SATISFIED

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LIMITED;

Amount Secured:

Details:

BY WAY OF FIXED EQUITABLE CHARGE ALL DEBTS PURCHASED OR PURPORTED TO BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO ANAGREEMENT FOR THE PURCHASE OF DEBTS BETWEEN THE SECURITY HOLDER AND THE COMPANY(INCLUDING ASSOCIATED RIGHTS RELATING THERETO) WHICH FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THE SECURITY HOLDER FOR ANY REASON

Mortgage Type:

DEBENTURE

Date Charge Created:

11/04/02

Date Charge Registered:

12/04/02

Date Charge Satisfied:

19/06/14

Status:

SATISFIED

Person(s) Entitled:

HSBC BANK PLC;

Amount Secured:

Details:

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

 

 

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

1

£27,000

Company Name

Amount

Statement Date

Drivers Textiles Limited

£27,000

29/07/2015

 

 

Previous Director/Company Secretaries

 

Name

Current Active Appointments

Previous Appointments

Dissolved Companies

Julie Elizabeth Nuttall

1

1

0

Simon Daniel Phillips

2

3

12

FORM 10 DIRECTORS FD LTD

0

9847

42881

FORM 10 SECRETARIES FD LTD

0

9837

42853

Max Marcus Mechlowitz

0

4

11

Total Persons With Significant Control

0

Total Statements

1

Active

0

Active

1

Ceased

0

Ceased

0

 

Active Persons With Significant Control

No Active Persons With Significant Control To Display

 

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

 

Active Statements

Statement

The company knows or has reasonable cause to believe that there is no registrable person or registrable relevant legal entity in relation to the company

Notified On

03/01/2017

 

 

Ceased Statements

 

No Ceased Statements To Display

Average Invoice Value

£199.83

Invoices available

93

Paid

91

Outstanding

2

 

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

58

23

5

4

1

Outstanding

1

0

1

0

0

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 67.37

UK Pound

1

INR 91.38

Euro

1

INR 79.89

GBP

1

INR 91.12

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

DNS

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.