MIRA
INFORM REPORT
|
Report Date : |
20.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
Nage Resources AG |
|
|
|
|
Registered Office : |
Gotthardstrasse 20, 6300 Zug/ZG |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
10-10-2006 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
The company's purpose is the international trading with
reusable waste material such as scrap metal, etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
Detail assessment: |
Payments: |
|
|
There is however a lack of comprehensive experience as regards the payment conduct. Large-scale financial transactions should therefore preferably by safeguarded by appropriate sureties. |
Name
Nage Resources
AG
Line of Business
Handelsgeschaefte
Legal domicile
Gotthardstrasse
20
6300 Zug/ZG
Switzerland
Telephone: 041
7109055
Fax: 041 7109057
Homepage: www.nageresources.com
CREDIT ADVICE
Credit opinion
: Since the company does not appear to conduct any activities locally and third
parties are unable to gain insight into the financial situation, it is not
possible to make a recommendation on credit extension to the company. The
company should be requested to provideadequate proof of security.
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: 10-10-2006
First
Publication: 16-10-2006
Last
Publication: 16-10-2006
Created by: The
company was newly established.
Share
capital: 250.000
Paid up: 250.000
Divided
into: 2.500 Bearer shares of 100
ACTIVITY:
Activity:
The company's
purpose is the international trading with reusable waste material such as scrap
metal, etc.
Proper
material business activities can however not be determined by third parties.
EMPLOYEES:
Number of
employees: Personnel information was not
made available
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.
There is
however a lack of comprehensive experience as regards the payment conduct. Large-scale
financial transactions should therefore preferably by safeguarded by
appropriate sureties.
FINANCIAL
DATA:
Financial
position: Since the company does not
appear to conduct any activities, locally an assessment of the financial
situation is not possible.
Financial
Statements: The company does not disclose any financial statements.
Banker(-s):
Banking connections are not made available by the company
Auditors:
Treuhand von Fluee AG, Zug
Premises: The
premises at the above mentioned address are rented.
Fiscal
taxation: No information is available due to the local tax authority
regulation.
COMPANY AND PERSON
RELATIONS
BOARD OF
DIRECTORS:
Wolfgang
Zwingenberger, from Germany, in Baar/ZG/Switzerland,
President,
sole signature.
Raffaele Genovese,
from Zug, in Zug/ZG/Switzerland,
Member, sole
signature.
PERSONNEL
INFORMATION:
Wolfgang
Zwingenberger lives at the address Rebmattli 22 in 6340 Baar.
He is
registered as a businessman by profession.
Raffaele Genovese,
born in 1962, is resident at the address Artherstrasse 20 in Zug.
There are no
detrimental reports on the mentioned persons' business conduct.
FURTHER
MANDATES:
Wolfgang
Zwingenberger:
- Kentia
Holding AG, Baar
- Trimet AG,
Zug
- Yuca Invest
AG, Baart
Raffaele
Genovese:
- Ferrexpo AG,
Baar
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%)