MIRA INFORM REPORT

 

 

Report Date :

27th February, 2007

                                                         

IDENTIFICATION DETAILS

 

Name :

PRESSTRADE AG

 

 

Registered Office :

Roemerstrasse 3, 4153 Reinach/BL, Switzerland

 

 

Country :

Switzerland

 

 

Date of Incorporation :

19.10.2004

 

 

Legal Form :

Joint stock company

 

 

Line of Business :

Trading with second-hand forming machines, especially for drop-forged products and free-formed forgings as well as cold extrusion work

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

EUR 5.000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

detail assessment:

payments:

 

There are no complaints about the mode of payment and business conduct.

 

 

individual credit limit*:

EUR 5.000.--

 

 

Company Name

 

Presstrade AG

 

 

Line of Business

 

Maschinenhandel

 

 

Legal domicile

 

Roemerstrasse 3

4153 Reinach/BL

Switzerland

Telephone:            061 7162000

 

 

CREDIT ADVICE

 

Credit opinion

 

 A maximum credit of EUR 5.000 is considered in order.

 

This credit advice is based on information available at the time of conducting the research, being the above indicated date.

 

All amounts in this report are given in Swiss Francs (CHF) unless otherwise stated.

 

 

GENERAL COMPANY DATA

 

OFFICIAL DATA

 

Legal form                     : Joint stock company

Registration                   : 19-10-2004

First Publication             : 25-10-2004

Last Publication             : 03-10-2005

Share capital                 : 100.000

Paid up                         : 100.000

Divided into                    : 100 Registered shares of 1.000

The transfer of registered shares is restricted by regulations contained in Statutes.

 

Direct Parent com.: Presstrade Holding AG, 4153 Reinach/BL, Switzerland/CH.

 

Registered translations of the Company name:

English               Presstrade Ltd

French                Presstrade SA

Registered domicile   16-09-2005, 4153 Reinach/BL

Previous, 4000 Basel/BS

 

 

ACTIVITY

 

Sector:               Wholesale

 

Activity:

The scope of business encompasses the international trading with second-hand forming machines, especially for drop-forged products and free-formed forgings as well as cold extrusion work. These second-hand machines are acquired from Europeand and north American businesses and sold to Asia.

 

Clients are industrial enterprises.

 

 

Trading area                  : Foreign/Abroad

 

Import/Export                 : The company is active in Export, but not in Import.

 

Export                           : 100% of total turnover

 

 

EMPLOYEES

 

Number of employees:  6

 

The overall group employs 200 people.

 

 

PAYMENT AND FINANCIAL DATA

 

PAYMENT EXPERIENCES:

 

Legal actions: Information only available against proof of interest.

 

There are no complaints about the mode of payment and business conduct.

 

 

FINANCIAL DATA

 

Financial position:   The financial affairs are considered to be in order.

 

Financial Statements: The company does not disclose any financial statements.

 

Third parties are however not permitted any detailed insight into the financial affairs.

 

According to the information available to us, in Europe the Group generates sales of more than 40 million Euro. Detailed figures are however not available.

 

 

 

Banker(-s)

 

UBS Ltd, 4310 Rheinfelden Kommerzbank BB

 

 

Auditors

 

BDO Visura, Basel

 

 

Premises

 

The premises at the above mentioned address are rented.

 

In Germany in Kehl am Rhein the Group owns a land property of 92,000 square meters.

 

 

COMPANY AND PERSON RELATIONS

 

COMPANY CONNECTIONS:

 

Direct Parent com.:   Presstrade Holding AG, 4153 Reinach/BL, Switzerland/CH.

 

The following company is recognized as a sister company of Presstrade

Holding AG in Switzerland:

 

- FPS AG, Reinach BL

 

Theree exist about 38 other sister companies throughout the world.

 

Based on the information available to us the Group is engaged in a joint venture with a company in China. The latter employs 8,000 staff.

 

 

BOARD OF DIRECTORS

 

Christine Braun, from Germany, in

Basel/BS/Switzerland,

Sole Member, sole signature.

 

 

PERSONNEL INFORMATION

 

Christine Braun, born in 1972, lives at the Baeumlihofstrasse 154 in 4058 Basel.

 

There are no detrimental reports on her business conduct.

 

 

 

 

 

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/normal.

 

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%)

 

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