MIRA INFORM REPORT

 

 

Report Date :

13.02.2008

 

IDENTIFICATION DETAILS

 

Name :

FREIGHT FACTORY INTERNATIONAL AG

 

 

Registered Office :

Postfach 15 8058 Zuerich Flughafen/ZH

 

 

Country :

Switzerland

 

 

Date of Incorporation :

16.07.2002

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Transporte

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Overall assessment:

 

 

Business connections are permissible

detail assessment:

payments:

 

Regular

 

 

Name           

 

 FREIGHT FACTORY INTERNATIONAL AG

 

 

Line of Business

 

Transporte

 

 

Legal domicile

 

Hermetschloostrasse 12

8048 Zuerich/ZH

 

 

Business address

 

Postfach 15

8058 Zuerich Flughafen/ZH

Switzerland

Telephone: 043 8169150

Fax: 043 8169149

Homepage: www.freightfactoryintl.com

E-Mail: info@freightfactoryintl.com

 

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:                  16-07-2002

First Publication:            22-07-2002

Last Publication:            06-06-2003

Created by:                   The company was newly established.

Share capital:                100.000

Paid up:                        100.000

Divided into:                   100.000 Bearer shares of 1

Shareholders:                The shares are in private ownership.

 

Company Management:   Werner Voigt

 

 

ACTIVITY:

Line of business:     Cargo shipments

Sector:                     General services

 

Activity:

The requested entity is a freight forwarding company. In addition to

road, sea and air freight transports, FREIGHT FACTORY INTERNATIONAL AG

also ships cars and valuable cargo. At Zurich-Kloten Airport the company

maintains customs brokerage and inland storage facilities.

 

 

Locations:               Location of branches: Zuerich.

 

Trading area:         Worldwide

 

EMPLOYEES:

Number of employees:  4

 

On demand the company also recruits staff from the associated Aersped AG

International, Kloten.

 

 

PAYMENT AND FINANCIAL DATA

 

PAYMENT EXPERIENCES:

 

Legal actions:        Information only available against proof of interest with a valid signature.

 

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

 

 

FINANCIAL DATA

 

Financial position:   The financial situation of the company is considered satisfactory.

 

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

 

Third parties are however not permitted any detailed insight into the financial affairs. It is therefore difficult to make a proper assessment of the actual situation.

 

 

Banker(-s)

 

Not known

 

 

Auditors

 

PRT Revisions & Treuhand AG, Winterthur

 

 

 

Premises

 

The premises at the above mentioned address are rented.

 

 

COMPANY AND PERSON RELATIONS

 

COMPANY CONNECTIONS:

 

Shareholder(s): Herr Werner Voigt, Einsiedeln.

 

Investments:     No investments apparent.

 

Associated companies: Aersped AG International, Kloten/ZH, Switzerland/CH

 

BOARD OF DIRECTORS:

                      Werner Voigt jun., from Zuerich, in

                      Einsiedeln/SZ/Switzerland,

                      Sole Member, sole signature.

 

 

MANAGEMENT:

                      Mario Tiboni, from Brissago, in

                      Erlenbach/ZH/Switzerland,

                      Director, sole signature.

 

 

PERSONNEL INFORMATION:

Werner Voigt junior lives in Einsiedeln.

 

Mario M. Tiboni, born on 08.04.1947, is resident at the address

Lerchenhalde 6 in 8703 Erlenbach.

 

There are no detrimental reports on his business conduct.

 

FURTHER MANDATES:

Mario M. Tiboni:

- AAA Swiss AG, Kloten

 

Werner Voigt jun.:

- AERSPED AG INTERNATIONAL, Kloten

- Transport & Logistic Solutions Ltd., Kloten

 

 

COMMENTS

 

REGARDING YOUR REQUEST ON NERCES VARTANIAN:

 

Nerces Vartanian could stand for "Mercedes Vartanian". This is a model of the Mercedes Benz brand. Such vehicles are presumably being shipped by the subject company.

 

The referred to communication numbers correspond to Freight Factory International AG.

 

The managing board however strictly declines to provide any information about the requested designation.

                          

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%)

 

 

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