MIRA
INFORM REPORT
|
Report Date : |
12.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
WORLDWIDE ENERGY LOGISTICS LIMITED |
|
|
|
|
Registered Office : |
2nd Flr Arnold Hawker Hse, Central Way, Feltham, Middx TW14 0RX |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.05.2006 |
|
|
|
|
Date of Incorporation : |
05/02/2004 |
|
|
|
|
Com. Reg. No.: |
05036110 |
|
|
|
|
Legal Form : |
Private Limited Liability Company (GB) |
|
|
|
|
Line of Business : |
Project cargo transportation service |
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Company Identification Details
|
|
|
|
Subject Reported on |
WORLDWIDE ENERGY LOGISTICS LIMITED |
|
Holding Company |
Worldwide Energy Logistic Ltd |
|
Ultimate Holding Company |
Phonerentals Co Inc |
|
Trading Address |
Arnold Hawker Ho,Central Way,FELTHAM,TW14 0RX |
|
|
|
|
Telephone |
020-8893-1011 |
|
|
|
|
|
|
|
|
Low Risk - There is a high degree of confidence this company will
prove good for the assigned Credit Limit |
|
|
|
|
Credit Limit |
GBP 101,000 |
|
|
Selling to this company? The Credit Limit is the recommended maximum
outstanding debtor exposure at any one time. |
|
|
|
|
Contract Limit |
GBP 643,200 |
|
|
Buying from this company? The Contract Limit is the recommended aggregate
annual value for supply contracts. |
Official Company Data
|
|
|
|
Legal Form |
Private Limited Liability Company (GB) |
|
Registration Number |
05036110 |
|
Date of Incorporation |
05/02/2004 |
|
Registered Office |
2nd Flr Arnold Hawker Hse, Central Way, Feltham, Middx TW14 0RX |
|
Date of Last Annual Return to Registry |
25/01/2007 |
|
Activities |
Project cargo transportation service |
|
Accounts |
The last filed accounts cover the period to 31/05/2006 and were filed
on 24/11/2006 |
Recently Filed Documents
Details of the most recent documents
|
Date Received |
Description |
|
25/01/2007 |
Annual Return |
|
31/05/2006 |
Financial Statement / Set of Accounts |
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
Known Directors
|
|
|
|
|
DIRECTOR |
|
|
|
Occupation |
COMMERCIAL DIRECTOR |
|
|
Address |
82, ARGYLE ROAD , LONDON , W13 8EL |
|
|
Country of Origin |
BRITISH |
|
|
Date of Birth |
19/07/1969 |
|
|
Appointment Date |
05/02/2004 |
|
|
Other Appointments |
MERCURY EXPRESS LOGISTICS LIMITED, SILK ROAD AVIATION LIMITED, MUSCL
LIMITED, GLOBAL MURPHY LOGISTICS LTD , WORLDWIDE ENERGY LOGISTICS
LIMITED |
|
|
DIRECTOR |
|
|
|
Occupation |
|
|
|
Address |
7 GRAFTON COURT , , FELTHAM , MIDDX
, TW14 8SL |
|
|
Date of Birth |
18/01/1974 |
|
|
Appointment Date |
05/02/2004 |
|
|
Other Appointments |
GLOBAL MURPHY LOGISTICS LTD , WORLDWIDE ENERGY LOGISTICS LIMITED |
|
|
DIRECTOR |
|
|
|
Occupation |
MANAGING DIRECTOR |
|
|
Address |
82, ARGYLE ROAD , LONDON , W13 8EL |
|
|
Country of Origin |
BRITISH |
|
|
Date of Birth |
01/05/1961 |
|
|
Appointment Date |
01/03/2005 |
|
|
Other Appointments |
MERCURY PACKING SERVICES LIMITED, EUROWORLD MANAGEMENT LTD
, MURPHY INTERNATIONAL CARRIERS LTD , STONEACTION LTD
, MERCURY EXPRESS LOGISTICS LIMITED, SILK ROAD AVIATION
LIMITED, MUSCL LIMITED, WORLDWIDE ENERGY LOGISTICS LIMITED |
|
|
SECRETARY |
SEVINC BURT |
|
|
Address |
82 ARGYLE ROAD, , LONDON , W13 8EL |
|
|
Country of Origin |
BRITISH |
|
|
Date of Birth |
19/07/1969 |
|
|
Appointment Date |
05/02/2004 |
Recently Resigned Directors (last
3)
|
None |
Share Summary
|
Shareholder Name |
Percentage |
|
|
|
|
|
|
|
|
|
Martin Burt |
1.00% |
|
|
|
|
|
|
|
|
|
Sevinc Burt |
1.00% |
|
|
|
|
|
|
|
|
|
Paul Burnett |
0.00% |
|
|
|
|
|
|
|
|
Mortgages and Charges
|
There are no mortgages |
|
Public Record Information
Summary of CCJ's/Scottish Decrees
|
There are no unsatisfied CCJs against the company. |
Operations
|
|
|
|
Activities |
Project cargo transportation service |
|
Sic Code |
Description |
|
6311 |
Cargo handling |
|
Staff Employed |
12 |
|
Auditors |
Bradbury Stell |
|
Auditors Notes |
No Qualification. The Auditors have expressed a clean opinion (i.e.
unqualified with no referrals) on the latest accounts. |
Financial Data
|
The following figures are shown in units of 000 |
|
Profit and Loss |
|
Number of Weeks |
52 |
52 |
|
Accounts Date |
31/05/2006 |
31/05/2005 |
|
Currency |
GBP |
GBP |
|
Consolidated? |
No |
No |
|
RETAINED PROFITS |
- |
- |
|
Balance Sheet |
|
Number of Weeks |
52 |
52 |
|
Accounts Date |
31/05/2006 |
31/05/2005 |
|
Currency |
GBP |
GBP |
|
Consolidated? |
No |
No |
|
TOTAL FIXED ASSETS |
24 |
29 |
|
Total Fixed Assets |
24 |
29 |
|
TOTAL CURRENT ASSETS |
2,133 |
1,121 |
|
Trade Debtors |
816 |
615 |
|
Cash |
1,318 |
507 |
|
TOTAL ASSETS |
2,157 |
1,150 |
|
TOTAL CURRENT LIABILITIES |
1,229 |
648 |
|
Other Current Liabilities |
1,229 |
648 |
|
WORKING CAPITAL |
904 |
474 |
|
TOTAL LONG TERM LIABS |
101 |
217 |
|
Other Long Term Liabilities |
101 |
217 |
|
NET ASSETS/(LIABILITIES) |
928 |
503 |
|
SHARE CAPITAL + RESERVES |
827 |
286 |
|
Issued Share Capital |
10 |
7 |
|
Profit and Loss account |
817 |
279 |
|
SHAREHOLDERS FUNDS |
827 |
286 |
|
CAPITAL EMPLOYED |
928 |
503 |
|
TANGIBLE NET WORTH |
827 |
286 |
Key Credit Ratios
|
Accounts Date |
31/05/2006 |
31/05/2005 |
|
Current Ratio |
1.74 |
1.73 |
|
Quick Ratio |
- |
- |
|
T.N.W/Total Assets |
0.38 |
0.25 |
|
Equity Gearing |
0.08 |
0.01 |
Financial Summary
|
Working Capital |
The company's working capital improved in the period by 91% |
|
Tangible Net
Worth |
Net worth increased by 541,000 during the period and now stands at GBP
827,000 |
|
Fixed Assets |
The subjects fixed assets reduced during the period by GBP 5,000
to GBP 24,000 and are now 1% of total assets compared with 3% in the
previous period |
|
Long Term
Liabilities |
The company's long term liabilities reduced during the period by 53%
and are now 12% of net worth compared with 76% in the previous period |
|
Long Term
Liabilities |
Long term liabilities are now 5% of total assets compared with 19% 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%)