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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One)
/X/ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Fiscal Year Ended December 31, 2003
OR
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Commission file number 333-32802
Dealer Auto Receivables Company, LLC
(on behalf of Dealer Auto Receivables Trust 2000-1)
(Exact name of registrant as specified in its charter)
Delaware 36-4347972
(State or other jurisdiction of (IRS Employer Identification Number)
incorporation)
200 East Randolph Street, 11th Floor
Chicago, Illinois 60601
(Address of principal executive offices) (Zip Code)
(312) 381-3238
(Registrant's telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act: None.
Securities registered pursuant to Section 12(g) of the Act: None.
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes X No
--- ---
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ ].
Aggregate market value of voting and non-voting common equity held by
non-affiliates of the registrant: None.
Documents incorporated by reference: None.
PART I
Item 1. Business
Not applicable.
Item 2. Properties
See Exhibit 99.1 and Exhibit 99.2
Item 3. Legal Proceedings
There is no material pending legal proceedings with respect to the Trust or the
Registrant.
Item 4. Submission of Matters to a Vote of Security Holders
None.
PART II
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters
There is no established public trading market for the Notes or the Certificates.
Item 6. Selected Financial Data
The 2002 10-K previously filed included a mathematical error under Section V -
Advances; the figures referenced were cumulative and thus overstated the results
at month end. Please note that the related form 8-K accurately reflected the
related results at month end.
Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operations
Not applicable.
Item 7A. Quantitative and Qualitative Disclosures about Market Risk
Not applicable.
Item 8. Financial Statements and Supplementary Data
Exhibit 99.3 - Annual Independent Public Accountant's Servicing Report is not
attached due to the timing of the repurchase.
Item 9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure
There were no changes in and/or disagreements with Accountants on Accounting and
Financial Disclosure.
PART III
Item 10. Directors and Executive Officers of the Registrant
Not applicable.
Item 11. Executive Compensation
Not applicable.
Item 12. Security Ownership of Certain Beneficial Owners and Management
Not applicable.
Item 13. Certain Relationships and Related Transactions
There has not been, and there is not currently proposed, any transactions or
series of transactions, to which any of the Trust, the Registrant or the Trustee
is party with any Noteholder or Certificateholder that, to the knowledge of the
Registrant, owns of record or beneficially more than 5% of any series of the
Notes or Certificates.
PART IV
Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K
(a) Exhibits:
99.1 Annual Summary Statement
99.2 Annual Statement of Compliance
(b) Reports on Form 8-K
The Registrant has filed Current Reports on Form 8-K with the
Securities and Exchange Commission dated
January 15, 2003
February 18, 2003
March 17, 2003
April 15, 2003
May 15, 2003
June 16, 2003
July 15, 2003
August 15, 2003
September 15, 2003
(c) See (a) above.
(d) Not applicable.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, as amended, the Registrant has duly caused this report to
be signed on its behalf by the undersigned, hereunto duly authorized.
Dated: March 23, 2004
--------------
DEALER AUTO RECEIVABLES COMPANY, LLC
By: /s/ David Greenberg
-----------------------------
Name: David Greenberg
Title: CEO
EXHIBIT INDEX
Exhibit
Number Document Description
99.1 Annual Summary Statement
99.2 Annual Statement of Compliance