MIRA INFORM REPORT
|
Report Date : |
24.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
DANATROL ENGINEERING LIMITED |
|
|
|
|
Formerly Known As : |
GLOVEMEAD LIMITED |
|
|
|
|
Registered Office : |
Unit 2 Industrial Estate , Canal Bank, Loughborough, Le11 Ohf |
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|
|
Country : |
United Kingdom |
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|
|
|
Financials (as on) : |
30.04.2010 |
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Date of Incorporation : |
21.04.1986 |
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|
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Com. Reg. No.: |
02012037 |
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|
Legal Form : |
Private limited with Share Capital |
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|
|
|
Line of Business : |
Manufacture of other fabricated metal products |
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|
|
|
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 |
|
Maximum Credit Limit : |
£5,000 |
|
|
|
|
Status : |
Moderate |
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|
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
United Kingdom |
a1 |
a1 |
|
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 |
DANATROL ENGINEERING LIMITED |
Company Number |
02012037 |
|
|
|
Safe Number |
UK01677475 |
|
Registered
Address |
UNIT 2 INDUSTRIAL ESTATE |
Trading Address |
Unit 2 |
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|
CANAL BANK |
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LOUGHBOROUGH |
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|
LE11 OHF |
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Website Address |
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Telephone Number
|
- |
Fax Number |
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|
TPS |
- |
FPS |
No |
|
Incorporation
Date |
21/04/1986 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
GLOVEMEAD LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
20/06/1986 |
Filing Date of
Accounts |
24/01/2011 |
|
|
|
Share Capital |
£100 |
|
SIC03 |
2875 |
Currency |
GBP |
|
SIC03
Description |
MANUFACTURE OF OTHER FABRICATED METAL PRODUCTS |
||
|
SIC07 |
25990 |
||
|
SIC07
Description |
MANUFACTURE OF OTHER FABRICATED METAL PRODUCTS N.E.C. |
||
|
Principal
Activity |
|
|
|
CREDIT RECOMENDATION
Current Credit Limit: £5,000
DIRECTORS/MANAGEMENT
|
DANATROL ENGINEERING LIMITED |
02012037 |
|
Total Current Directors |
2 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
3 |
Current Directors
|
Name |
Date of Birth |
14/03/1964 |
|
|
Officers Title |
Mr |
Nationality |
|
|
Present
Appointments |
4 |
Function |
Director |
|
Appointment Date |
24/02/1999 |
|
|
|
Address |
8 Cricket Lane, , Loughborough, LE11 3PD |
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|
|
|
|
|
Name |
Date of Birth |
07/09/1965 |
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|
Officers Title |
|
Nationality |
|
|
Present
Appointments |
4 |
Function |
Director |
|
Appointment Date |
02/03/2009 |
|
|
|
Address |
8 Cricket Lane, , Loughborough, LE11 3PD |
||
|
|
|
|
|
Current Company
Secretary
|
Name |
Date of Birth |
07/09/1965 |
|
|
Officers Title |
|
Nationality |
|
|
Present
Appointments |
4 |
Function |
Company Secretary |
|
Appointment Date |
02/03/2009 |
|
|
|
Address |
8 Cricket Lane, , Loughborough, LE11 3PD |
||
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
0 |
4 |
|
|
0 |
4 |
|
|
1 |
3 |
NEGATIVE INFORMATION
CCJ
|
Total Number of
Exact CCJs - |
Total Value of
Exact CCJs - |
||
|
Total Number of
Possible CCJs - |
Total Value of
Possible CCJs - |
||
|
Total Number of
Satisfied CCJs - |
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
Mortgage Summary
|
Outstanding |
1 |
|
Satisfied |
0 |
SHARE & SHARE CAPITAL
INFORMATION
Top 20
Shareholders
|
Name |
Individual Share Value |
|
|
SHARMISTA CHAUHAN |
50 ORDINARY GBP 1.00 |
|
|
SAILESH CHAUHAN |
50 ORDINARY GBP 1.00 |
|
|
Share Capital |
£100 |
|
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
|
Group |
- |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company
|
|
Group structure
No group structure
FINANCIAL INFORMATION
Profit & Loss
|
Date Of Accounts |
30/04/10 |
(%) |
30/04/09 |
(%) |
30/04/08 |
(%) |
30/04/07 |
(%) |
30/04/06 |
|
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 |
£24,370 |
34.5% |
£18,121 |
950.5% |
£1,725 |
- |
- |
- |
- |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance Sheet
|
Date Of Accounts |
30/04/10 |
(%) |
30/04/09 |
(%) |
30/04/08 |
(%) |
30/04/07 |
(%) |
30/04/06 |
|
Tangible Assets |
£251,984 |
94.7% |
£129,454 |
92.4% |
£67,275 |
- |
0 |
- |
0 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£251,984 |
94.7% |
£129,454 |
92.4% |
£67,275 |
- |
0 |
- |
0 |
|
Stock |
£32,408 |
320.4% |
£7,709 |
999.9% |
£575 |
- |
0 |
- |
0 |
|
Trade Debtors |
£112,240 |
-1% |
£113,337 |
-56.9% |
£262,839 |
- |
0 |
- |
0 |
|
Cash |
£340 |
-97.7% |
£14,984 |
-29.3% |
£21,206 |
- |
0 |
-100% |
£100 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Assets |
£72,682 |
7.4% |
£67,682 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£217,670 |
6.9% |
£203,712 |
-28.4% |
£284,620 |
- |
0 |
-100% |
£100 |
|
Trade Creditors |
£248,343 |
11.9% |
£221,855 |
-14.1% |
£258,384 |
- |
0 |
- |
0 |
|
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 |
£248,343 |
11.9% |
£221,855 |
-14.1% |
£258,384 |
- |
0 |
- |
0 |
|
Bank Loans & Overdrafts and LTL |
£168,555 |
93.4% |
£87,141 |
61.5% |
£53,946 |
- |
0 |
- |
0 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
£168,555 |
93.4% |
£87,141 |
61.5% |
£53,946 |
- |
0 |
- |
0 |
Capital &
Reserves
|
Date Of Accounts |
30/04/10 |
(%) |
30/04/09 |
(%) |
30/04/08 |
(%) |
30/04/07 |
(%) |
30/04/06 |
|
Called Up Share Capital |
£100 |
- |
£100 |
- |
£100 |
- |
- |
-100% |
£100 |
|
P & L Account Reserve |
£52,656 |
118.8% |
£24,070 |
-39% |
£39,465 |
- |
- |
- |
- |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£52,756 |
118.3% |
£24,170 |
-38.9% |
£39,565 |
- |
- |
-100% |
£100 |
Other Financial
Items
|
Date Of Accounts |
30/04/10 |
(%) |
30/04/09 |
(%) |
30/04/08 |
(%) |
30/04/07 |
(%) |
30/04/06 |
|
Net Worth |
£52,756 |
118.3% |
£24,170 |
-38.9% |
£39,565 |
- |
- |
-100% |
£100 |
|
Working Capital |
-£30,673 |
-69.1% |
-£18,143 |
-169.2% |
£26,236 |
- |
- |
-100% |
£100 |
|
Total Assets |
£469,654 |
41% |
£333,166 |
-5.3% |
£351,895 |
- |
- |
-100% |
£100 |
|
Total Liabilities |
£416,898 |
34.9% |
£308,996 |
-1.1% |
£312,330 |
- |
- |
- |
- |
|
Net Assets |
£52,756 |
118.3% |
£24,170 |
-38.9% |
£39,565 |
- |
- |
-100% |
£100 |
Cash Flow
|
Date Of Accounts |
30/04/10 |
(%) |
30/04/09 |
(%) |
30/04/08 |
(%) |
30/04/07 |
(%) |
30/04/06 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date Of Accounts |
30/04/10 |
(%) |
30/04/09 |
(%) |
30/04/08 |
(%) |
30/04/07 |
(%) |
30/04/06 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£221,311 |
98.8% |
£111,311 |
19% |
£93,511 |
- |
- |
-100% |
£100 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Auditors |
|
||||||||
|
Auditor Comments |
The company is exempt from audit |
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|
Bankers |
|
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|
Bank Branch Code |
|
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Ratios
|
Date Of Accounts |
30/04/10 |
30/04/09 |
30/04/08 |
30/04/07 |
30/04/06 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
0.88 |
0.92 |
1.10 |
- |
- |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
319.50 |
360.50 |
136.30 |
0 |
0 |
|
Equity in % |
11.20 |
7.30 |
11.20 |
- |
100 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
0.74 |
0.88 |
1.09 |
- |
- |
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
4.70 |
9.17 |
6.53 |
- |
- |
|
Total Debt Ratio |
7.90 |
12.78 |
7.89 |
- |
- |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Status History
|
Date |
Description |
|
|
19/02/2009 |
Dissolution (First Gazt) |
|
Event History
|
Date |
Description |
|
26/12/2011 |
Annual Returns |
|
27/01/2011 |
New Accounts Filed |
|
20/01/2011 |
Annual Returns |
|
01/02/2010 |
New Accounts Filed |
|
05/01/2010 |
Annual Returns |
|
16/12/2009 |
Change in Reg.Office |
|
07/05/2009 |
New Company Secretary S. Chauhan appointed |
|
19/03/2009 |
Mr D.J. Knight has resigned as company secretary |
|
19/03/2009 |
Mr D.J. Knight has left the board |
|
19/03/2009 |
New Company Secretary S. Chauhan appointed |
|
19/03/2009 |
New Board Member S. Chauhan appointed |
|
08/03/2009 |
New Accounts Filed |
|
24/02/2009 |
Annual Returns |
|
24/02/2009 |
Annual Returns |
|
23/08/2007 |
New Accounts Filed |
Previous Company
Names
|
Date |
Previous Name |
|
20/06/1986 |
GLOVEMEAD LIMITED |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.24 |
|
UK Pound |
1 |
Rs.78.13 |
|
Euro |
1 |
Rs.64.79 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.