MIRA INFORM REPORT

Report No. :	512497
Report Date :	01.06.2018

IDENTIFICATION DETAILS

Name :	DANATROL ENGINEERING LIMITED
Formerly Known As :	GLOVEMEAD LIMITED
Registered Office :	Unit 2 Industrial Estate, Canal Bank, Loughborough, Le11 0hf
Country :	United Kingdom
Financials (as on) :	30.04.2017
Date of Incorporation :	21.04.1986
Com. Reg. No.:	02012037
Legal Form :	Private limited with Share Capital
Line of Business :	Manufacture of other fabricated metal products n.e.c.
No. of Employees :	2 [2017]

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd 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: DANATROL ENGINEERING LIMITED

Company No: 02012037

Company Status: Active - Accounts Filed

Status Active

Active - Accounts Filed

Registered Address: UNIT 2 INDUSTRIAL ESTATECANAL BANKLOUGHBOROUGHLE11 0HF

Company Name

DANATROL ENGINEERING LIMITED

Company Number

02012037

Company Summary

Registered Address UNIT 2 INDUSTRIAL ESTATE
CANAL BANK
LOUGHBOROUGH
LE11 0HF

Trading Address Unit 2 Industrial Estate
Canal Bank
Loughborough
Leicestershire LE11 0HF
LE11 0HF

Website Address -

Telephone Number 01509217516

Fax Number

TPS Yes

FPS Yes

Incorporation Date 21/04/1986

Previous Name GLOVEMEAD LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 20/06/1986

Filing Date of Accounts 08/12/2017

Currency GBP

Share Capital £100

SIC07 25990

Charity Number -

SIC07 Description MANUFACTURE OF OTHER FABRICATED METAL PRODUCTS N.E.C.

Principal Activity

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant SHAH & CO (ACCOUNTANTS) LTD

Mortgages 2

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

30/04/2017 - - £154,710 2

30/04/2016 - - £149,307 -

30/04/2015 - - £135,248 -

Mortgage Summary

Total Mortgage 2

Outstanding 2

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

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

The latest cash balances represent a positive level in terms of the overall outstanding creditor obligations.

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

This company trades in an industry with a higher 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 -	-

Back to Top

Show More

Total Current Directors	2	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	3	Total Person's With Significant Control	2

Current Directors

Title	Mr	Function	Director
Name	Sailesh Chauhan	Nationality
Date of Birth	03/1964	Present Appointments	3
Latest Address	8 Cricket Lane, Loughborough, Leicestershire	Appointment Date	24/02/1999
Post Code	LE11 3PD
Title		Function	Director
Name	Sharmista Chauhan	Nationality
Date of Birth	09/1965	Present Appointments	3
Latest Address	8 Cricket Lane, Loughborough, Leicestershire	Appointment Date	02/03/2009
Post Code	LE11 3PD

Current Company Secretary

Title		Function	Company Secretary
Name	Sharmista Chauhan	Nationality
Date of Birth	09/1965	Present Appointments	4
Latest Address	8 Cricket Lane, Loughborough, Leicestershire	Appointment Date	02/03/2009
Post Code	LE11 3PD

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SAILESH CHAUHAN	GBP	50	ORDINARY	1	50
SHARMISTA CHAUHAN	GBP	50	ORDINARY	1	50
1

FINANCIALS

Profit & Loss

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	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	£14,444	-15%	£16,993	-15.6%	£20,136	-14.7%	£23,601	-5.7%	£25,033
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Tangible Assets	£81,851	-15%	£96,295	-15%	£113,288	-15.1%	£133,424	-15%	£157,025
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£81,851	-15%	£96,295	-15%	£113,288	-15.1%	£133,424	-15%	£157,025
	Stock	£70,560	3.6%	£68,125	-6.6%	£72,950	3.1%	£70,750	-5.9%	£75,185
	Trade Debtors	£103,578	23.1%	£84,123	-42.9%	£147,385	1.2%	£145,582	34%	£108,679
	Cash	£64,277	5.9%	£60,690	221.7%	£18,863	191.8%	£6,465	-	0
	Other Debtors	£12,604	16.5%	£10,820	-	0	-	0	-	0
	Miscellaneous Current Assets	£82,432	-	£82,432	-	£82,432	-	£82,432	-	£82,432
	Total Current Assets	£333,451	8.9%	£306,190	-4.8%	£321,630	5.4%	£305,229	14.6%	£266,296
	Trade Creditors	£237,301	12.9%	£210,191	-23.9%	£276,318	-0.1%	£276,549	0.5%	£275,198
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	£11,168	-8.3%	£12,184	-	0	-	0	-	0
	Miscellaneous Current Liabilities	£12,123	-38.3%	£19,635	-	0	-	0	-	0
	Total Current Liabilities	£260,592	7.7%	£242,010	-12.4%	£276,318	-0.1%	£276,549	0.5%	£275,198
	Bank Loans & Overdrafts and LTL	0	-100%	£11,168	-52.2%	£23,352	-34.3%	£35,535	-40.8%	£60,025
	Other Long Term Finance	0	-100%	£11,168	-	0	-	0	-	0
	Total Long Term Liabilities	0	-100%	£11,168	-52.2%	£23,352	-34.3%	£35,535	-40.8%	£60,025

.

Capital & Reserves

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Called Up Share Capital	£100	-	£100	-	£100	-	£100	-	£100
	P & L Account Reserve	£154,610	3.6%	£149,207	10.4%	£135,148	6.9%	£126,469	43.7%	£87,998
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£154,710	3.6%	£149,307	10.4%	£135,248	6.9%	£126,569	43.7%	£88,098

Other Financial Items

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Net Worth	£154,710	3.6%	£149,307	10.4%	£135,248	6.9%	£126,569	43.7%	£88,098
	Working Capital	£72,859	13.5%	£64,180	41.6%	£45,312	58%	£28,680	422.2%	-£8,902
	Total Assets	£415,302	3.2%	£402,485	-7.5%	£434,918	-0.9%	£438,653	3.6%	£423,321
	Total Liabilities	£260,592	2.9%	£253,178	-15.5%	£299,670	-4%	£312,084	-6.9%	£335,223
	Net Assets	£154,710	3.6%	£149,307	10.4%	£135,248	6.9%	£126,569	43.7%	£88,098

Cash Flow

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£154,710	-3.6%	£160,475	1.2%	£158,600	-2.2%	£162,104	9.4%	£148,123
	Number of Employees	2	-	-	-	-	-	-	-	-
	Accountants	SHAH & CO (ACCOUNTANTS) LTD
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	30/04/17	30/04/16	30/04/15	30/04/14	30/04/13
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	1.28	1.27	1.16	1.10	0.97
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	0	7.50	17.30	28.10	68.10
	Equity in %	37.30	37.10	31.10	28.90	20.80
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	1	0.98	0.89	0.84	0.69
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	1.68	1.62	2.04	2.18	3.12
	Total Debt Ratio	1.68	1.69	2.21	2.46	3.80
	Stock Turnover Ratio %	-	-	-	-	-
	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
03/04/2018	Payment Data Update Received
21/12/2017	Confirmation Statement
12/12/2017	New Accounts Filed
12/12/2017	New Accounts Filed
20/09/2017	Change of Company Postcode
03/01/2017	Annual Returns
24/11/2016	New Accounts Filed
18/03/2016	Payment Data Update Received
19/02/2016	Payment Data Update Received
22/01/2016	Annual Returns
16/01/2016	New Accounts Filed
03/12/2015	Payment Data Update Received
20/01/2015	Annual Returns
01/11/2014	New Accounts Filed
05/02/2014	New Accounts Filed

Previous Company Names

Date	Previous Name
20/06/1986	GLOVEMEAD LIMITED

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure

No Group Structure

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:
Date Charge Created:	07/08/17
Date Charge Registered:	07/08/17
Date Charge Satisfied:	-
Status:	OUTSTANDING
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:	DEBENTURE
Date Charge Created:	01/12/09
Date Charge Registered:	04/12/09
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:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXEDPLANT & MACHINERY

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
David John Knight	0	4	0
David John Knight	0	4	0
David Roy Adcock	0	3	1

Total Persons With Significant Control	2	Total Statements	0
Active	2	Active	0
Ceased	0	Ceased	0

Active Persons With Significant Control

Name	Mr Sailesh Chauhan	Kind	Individual Person With Significant Control
Address	8 Cricket Lane, Loughborough, Leicestershire	Country Of Residence	United Kingdom
Post Code	LE11 3PD	Nationality	British
Date of Birth	03/1964	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 Percent,Right To Appoint And Remove Directors
Name	Mrs Sharmista Chauhan	Kind	Individual Person With Significant Control
Address	8 Cricket Lane, Loughborough, Leicestershire	Country Of Residence	United Kingdom
Post Code	LE11 3PD	Nationality	British
Date of Birth	09/1965	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 Percent,Right To Appoint And Remove Directors

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.45
UK Pound	1	INR 89.79
Euro	1	INR 78.79
GBP	1	INR 89.14

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

INFORMATION DETAILS

Analysis Done by :	VIV
Report Prepared by :	SYL

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.