MIRA
INFORM REPORT
|
Report Date : |
26.03.2008 |
IDENTIFICATION
DETAILS
|
Name : |
DANTEC LTD |
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Registered Office : |
Tarran Ind Est, Tarran Way Moreton, Merseyside, CH46 4TL |
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Country : |
United Kingdom |
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Financials (as on) : |
30/04/2007 |
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Date of Incorporation : |
07/06/1972 |
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Com. Reg. No.: |
01057158 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Manufacturers of composite hose |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
GBP 128200 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
DANTEC LIMITED |
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Holding Company |
Dfh Hose Ltd |
|
Ultimate Holding Company |
DFH HOSE LTD |
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Trading Address |
TARRAN INDSTL EST,TARRAN WAY, MORETON,WIRRAL,CH46 4TL |
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Telephone |
01516-782222 |
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There is a high degree of confidence this company will prove good for
the assigned Credit Limit |
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Credit Limit |
GBP 128,200 |
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Selling to this company? The Credit Limit is the recommended maximum
outstanding debtor exposure at any one time. |
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Contract Limit |
GBP 875,400 |
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Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
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Official Company Data
|
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|
Legal Form |
Private Limited Liability Company (GB) |
|
Registration Number |
01057158 |
|
Date of Incorporation |
07/06/1972 |
|
Registered Office |
Tarran Ind Est, Tarran Way Moreton, Merseyside, CH46 4TL |
|
Date of Last Annual Return to Registry |
02/09/2007 |
|
Activities |
Manufacturers of composite hose |
|
Accounts |
The last filed accounts cover the period to 30/04/2007 and were filed
on 26/11/2007 |
Recently Filed Documents
Details of the
most recent documents
|
Date Received |
Description |
|
02/09/2007 |
Annual Return |
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30/04/2007 |
Financial Statement / Set of Accounts |
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It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
Known Directors
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DIRECTOR |
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Occupation |
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Address |
16, FOXCOVER ROAD HESWALL , WIRRAL , MERSEYSIDE
, CH60 1YB |
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Date of Birth |
24/08/1949 |
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Appointment Date |
02/09/2005 |
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Other Appointments |
DANTEC HOSE LIMITED, DANTEC LIMITED, DFH HOSE LIMITED |
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SECRETARY |
MS MICHELE DAVIS |
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Address |
16 FOXCOVER ROAD, , HESWALL , MERSEYSIDE , CH60
1YB |
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Country of Origin |
BRITISH |
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Date of Birth |
01/11/1948 |
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Appointment Date |
03/11/2006 |
Recently Resigned Directors (last
3)
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DIRECTOR |
GERRARD ANTHONY HALL |
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Occupation |
DIRECTOR |
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Address |
3 , RHUDDLAN ROAD , BUCKLEY , CLWYD , - - |
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Country of Origin |
BRITISH |
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Date of Birth |
22/12/1961 |
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Resignation Date |
03/11/2006 |
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DIRECTOR |
CHRISTOPHER JEFFREY FRANKS |
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Occupation |
SALES MANAGER |
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Address |
38 , TURRET ROAD , WALLASEY , MERSEYSIDE
, - - |
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Country of Origin |
BRITISH |
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Date of Birth |
16/01/1964 |
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Resignation Date |
26/10/2005 |
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DIRECTOR |
DANIEL CHARLES DAVIS |
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Address |
THE KOPJE 7 , MAES BRIALLEN , LLANDUDNO , GWYNEDD
, - - |
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Date of Birth |
03/10/1943 |
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Resignation Date |
10/02/2004 |
Share Summary
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Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
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Dfh Hose Ltd |
ORD |
103,000 |
103,000.00 |
100.00 |
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Mortgages and Charges
|
Total Registered |
12 |
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Total Outstanding |
5 |
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Total Satisfied |
7 |
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Most Recent Mortgage |
19/04/2005 |
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Date Registered |
21/04/2005 |
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Type |
395 |
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Date Created |
19/04/2005 |
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Lender |
THE ROYAL BANK OF SCOTLAND plc |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER
THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Details |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
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Satisfied? |
No |
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Date Registered |
26/02/2004 |
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Type |
395 |
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Date Created |
13/02/2004 |
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Lender |
LLOYDS TSB COMMERCIAL FINANCE LIMITED |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER
THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Details |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
|
Satisfied? |
No |
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|
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Date Registered |
19/02/2004 |
|
Type |
395 |
|
Date Created |
13/02/2004 |
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Lender |
LLOYDS TSB BANK PLC |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY ANDOR ALL OR ANY OF
THE OTHER COMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ANY SUM OR SUMS FOR THE TIME BEING STANDING TO THE CREDIT OF ANY
PRESENT OR FUTURE ACCOUNT OF THE COMPANY WITH THE BANK. SEE THE MORTGAGE
CHARGE DOCUMENT FOR FULL DETAILS |
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Satisfied? |
No |
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Date Registered |
19/02/2004 |
|
Type |
395 |
|
Date Created |
13/02/2004 |
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Lender |
LLOYDS TSB BANK PLC |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
|
Details |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
|
Satisfied? |
No |
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Date Registered |
17/02/2004 |
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Type |
395 |
|
Date Created |
13/02/2004 |
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Lender |
LLOYDS TSB BANK PLC |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
|
Details |
FH & LH PROPERTY KA PLOTS 7, 8, 10, 11 & 12 TARRAN INDUSTRIAL
ESTATE, TARRAN WAY, SOUTH MORETON, WIRRAL TNOS. MS79439 AND MS79438 TOGETHER
WITH ALL BUILDINGS AND FIXTURES (INCLUDING TRADE FIXTURES) FIXED PLANT AND
MACHINERY BY WAY OF FIXED CHARGE ALL PRESENT AND FUTURE BOOK AND OTHER DEBTS
FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS
FURNITURE AND EQUIPMENT BY WAY OF ASSIGNMENT THE GOODWILL OF THE BUSINESS (IF
ANY) THE FULL BENEFIT OF ALL LICENCES AND ALL GUARANTEES |
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Satisfied? |
No |
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Date Registered |
21/07/2000 |
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Type |
395 |
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Date Created |
13/07/2000 |
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Lender |
HSBC BANK PLC |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
|
Details |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
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Satisfied? |
Fully |
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|
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Date Registered |
16/07/1996 |
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Type |
395 |
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Date Created |
15/07/1996 |
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Lender |
MIDLAND BANK PLC |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
|
Details |
FIXED CHARGE ON ALL GOODWILL AND UNCALLED CAPITAL FOR THE TIME BEING
OF THE COMPANY; AND ALL PATENTS, PATENT APPLICATIONS, INVENTIONS, TRADE
MARKS, TRADE NAMES ETC FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND
ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL
GOODWILL, BOOKDEBTS AND PATENTS |
|
Satisfied? |
Fully |
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|
|
|
Date Registered |
10/12/1981 |
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Type |
9999 |
|
Date Created |
04/12/1981 |
|
Lender |
MIDLAND BANK LIMITED |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
|
Details |
ALL BOOK & OTHER DEBTS PRESENT & FUTURE. |
|
Satisfied? |
Fully |
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|
|
|
Date Registered |
14/06/1978 |
|
Type |
9999 |
|
Date Created |
08/06/1978 |
|
Lender |
MIDLAND BANK LIMITED |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
|
Details |
LH LANDS AND PREMISES BEING LAND KNOWN AS PLOTS 7 AND 8 TARRAN
INDUSTRIAL ESTATE, WALLASEY, IN THE COUNTY OF MERSEYSIDE WITH ALL FIXTURES
PRESENT AND FUTURE |
|
Satisfied? |
Fully |
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|
|
|
Date Registered |
14/06/1978 |
|
Type |
9999 |
|
Date Created |
08/06/1978 |
|
Lender |
MIDLAND BANK LIMITED |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
|
Details |
LH LANDS AND PREMISES BEING LAND KNOWN AS PLOTS 11 AND 12 (PART)
TARRAN INDUSTRIAL ESTATE WALLASEY IN THE COUNTY OF MERSEYSIDE WITH ALL
FIXTURES PRESENT AND FUTURE |
|
Satisfied? |
Fully |
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|
|
|
Date Registered |
28/04/1977 |
|
Type |
9999 |
|
Date Created |
21/04/1977 |
|
Lender |
MIDLAND BANK LIMITED |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
|
Details |
LEASEHOLD LANDS, HEREDITAMENTS AND PREMISES BEING PLOT 8 TARRAN WAY,
MORETON, WIRRAL, MERSEYSIDE. WITH ALL FIXTURES WHATSOEVER. |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
07/04/1977 |
|
Type |
9999 |
|
Date Created |
28/03/1977 |
|
Lender |
MIDLAND BANK LIMITED |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
|
Details |
FLOATING CHARGE ON THE (SEE DOC M15) UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL |
|
Satisfied? |
Fully |
Public Record Information
Summary
of CCJ's/Scottish Decrees
|
There are no unsatisfied CCJs against the company. |
Operations
|
Activities |
Manufacturers of composite hose |
|
Sic Code |
Description |
|
2924 |
Manufacture of other general purpose machinery not elsewhere
classified |
|
2513 |
Manufacture of other rubber products |
|
Staff Employed |
52 |
|
Auditors |
Mitchell Charlesworth |
|
Auditors Notes |
No Qualification. The Auditors have expressed a clean opinion (i.e.
unqualified with no referrals) on the latest accounts. |
|
Bankers |
HSBC Bank Plc |
|
Sort Codes |
402508 |
Financial Data
|
The following figures are shown in units of units |
|
Profit and Loss |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
30/04/2007 |
30/04/2006 |
30/04/2005 |
30/04/2004 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
RETAINED PROFITS |
- |
- |
- |
- |
|
Balance Sheet
|
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
30/04/2007 |
30/04/2006 |
30/04/2005 |
30/04/2004 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
426,756 |
467,553 |
433,266 |
457,927 |
|
Total Fixed Assets |
426,756 |
467,553 |
433,266 |
- |
|
TOTAL CURRENT ASSETS |
2,622,770 |
2,229,024 |
2,048,320 |
1,810,122 |
|
Stocks |
647,830 |
503,276 |
545,242 |
485,530 |
|
Trade Debtors |
1,927,702 |
1,654,777 |
1,422,410 |
739,043 |
|
Cash |
47,238 |
70,971 |
80,668 |
45,564 |
|
TOTAL ASSETS |
3,049,526 |
2,696,577 |
2,481,586 |
2,268,049 |
|
TOTAL CURRENT LIABILITIES |
1,550,373 |
1,210,342 |
1,201,443 |
1,110,200 |
|
Bank Overdraft |
692,823 |
569,280 |
610,808 |
438,226 |
|
Other Current Liabilities |
857,550 |
617,506 |
583,352 |
- |
|
WORKING CAPITAL |
1,072,397 |
1,018,682 |
846,877 |
699,922 |
|
TOTAL LONG TERM LIABS |
373,673 |
545,731 |
410,992 |
420,965 |
|
Mortgages and loans |
357,006 |
376,248 |
396,519 |
420,000 |
|
Total Hire Purchase / Leasing |
10,167 |
7,483 |
2,616 |
965 |
|
Other Long Term Liabilities |
6,500 |
162,000 |
11,857 |
- |
|
NET ASSETS/(LIABILITIES) |
1,499,153 |
1,486,235 |
1,280,143 |
1,157,849 |
|
SHARE CAPITAL + RESERVES |
1,125,480 |
940,504 |
869,151 |
736,884 |
|
Issued Share Capital |
103,000 |
103,000 |
103,000 |
103,000 |
|
Share Premium Accounts |
3,000 |
3,000 |
3,000 |
3,000 |
|
Reserves |
6,760 |
6,760 |
6,760 |
6,760 |
|
Profit and Loss account |
1,012,720 |
827,744 |
756,391 |
624,124 |
|
SHAREHOLDERS FUNDS |
1,125,480 |
940,504 |
869,151 |
736,884 |
|
CAPITAL EMPLOYED |
1,499,153 |
1,486,235 |
1,280,143 |
1,157,849 |
|
TANGIBLE NET WORTH |
1,125,480 |
940,504 |
869,151 |
736,884 |
|
|
|
Key Credit Ratios
|
|
|
Accounts Date |
30/04/2007 |
30/04/2006 |
30/04/2005 |
30/04/2004 |
|
Current Ratio |
1.69 |
1.84 |
1.70 |
1.63 |
|
Profit Before Tax |
- |
- |
- |
-0.04 |
|
Creditors Days (D.P.O) |
- |
- |
- |
74.97 |
|
Quick Ratio |
1.27 |
1.43 |
1.25 |
1.19 |
|
Return on Assets |
- |
- |
- |
-6.70 |
|
T.N.W/Total Assets |
0.37 |
0.35 |
0.35 |
0.32 |
|
Return on Capital |
- |
- |
- |
-13.13 |
|
Working Capital/Sales |
- |
- |
- |
0.00 |
|
Equity Gearing |
1.73 |
0.06 |
0.73 |
- |
|
Stock Turnover |
- |
- |
- |
0.00 |
|
Solvency (%) |
170.95 |
186.72 |
185.52 |
207.79 |
|
|
|
Financial Summary
|
|
|
Working Capital |
The company's working capital improved in the period by 5% |
|
Tangible Net Worth |
Net worth increased by 184,976,units during the period and now stands
at GBP 1,125,480,units |
|
Fixed Assets |
The subjects fixed assets reduced during the period by GBP 40,797,units
to GBP 426,756,units and are now 14% of total assets compared with 17%
in the previous period |
|
Long Term Liabilities |
The company's long term liabilities reduced during the period by 32%
and are now 33% of net worth compared with 58% in the previous period |
|
Long Term Liabilities |
Long term liabilities are now 12% of total assets compared with 20% in
the previous period |
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%)