MIRA INFORM REPORT

 

 

Report Date :           

14.09.2011

 

IDENTIFICATION DETAILS

 

Name :

TRANSORGA TRADING AG

 

 

Registered Office :

Binzstrasse 19, 8045 Zürich, Luanda

 

 

Country :

Switzerland

 

 

Date of Incorporation :

17.12.2001

 

 

Com. Reg. No.:

020.3.025.308-7 / 660502

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

supplying large construction sites with site equipment, (construction) machinery and day-to-day goods

 

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 :

CHF 200'000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Switzerland

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

Company name

 

Transorga Trading AG

 

 

Operating address

 

Binzstrasse 19                                                               TRANSORGA ANGOLA

8045 Zürich                                                                    Rua Lourenḉo mendes da conceiḉáp n°36

Switzerland/CH                                                               Bairro Maculusso

Luanda

                                                                                     Angola/AO

 

Telephone:                    044 4576080                               +244 222 447529

Fax:                             044 4576085                               +244 222 430557

 

Web site:                      http://www.transorga.ch

E-mail:                         transorga@transorga.ch

 

VAT-No.:                      CHE109359028

 

 

Profile

 

Established:                  2001

Line of Business:           Consumer goods wholesale

Industry Division:           Wholesale trade

Industry-code (NACE):     4669     Wholesale of other machinery and equipment

                                      4649     Wholesale of other household goods

Import/Export:               Import, Export

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        estimated

Employees:                  18

Sales:                          CHF 10-20 Mio

 

 

Activity

 

The Company is a trading and procurement firm operating internationally and offering its customers integrated supply chain services. Activities: * supplying large construction sites with site equipment, (construction) machinery and day-to-day goods * managing spare parts/supply logistics for plant and machinery * managing our customers’ range of machinery * carrying out large-scale special projects on behalf of our customers * working closely with public authorities on projects dealing with reconstruction in African countries * procuring spare parts for industrial plants * servicing and maintaining construction machinery in Angola

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                020.3.025.308-7 / 660502

Legal form:                    Company limited by shares

Registration:                 17.12.2001

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Zürich

Auditor:                        Reviso AG, Zürich

History:                        Date of Statutes: 15.08.2007

                                    Date of Statutes: 07.07.2004

                                    Date of Incorporation Statutes: 11.12.2001

 

Entry            Deleted   Name

31.08.2007                    Transorga Trading AG

17.12.2001    31.08.2007  Transorga AG

 

Entry            Deleted   Legal domicile

17.12.2001                    Zürich, Switzerland

 

Entry            Deleted   Address

17.12.2001                    Binzstrasse 19, 8045 Zürich/ZH, Switzerland/CH

 

Entry            Deleted   Capital

03.08.2004                    Share Capital CHF 1'500'000, paidup CHF 1'500'000

 

Entry            Deleted   Capital Structure

03.08.2004                    1'500 Registered shares of CHF 1'000.--

 

Entry            Deleted   Activity (original Language)

17.12.2001                    Handel mit Waren aller Art, insbesondere mit Investitionsgütern, Gründung und Verwaltung von Niederlassungen oder Tochtergesellschaften ausländischer Unternehmen sowie Leistung und Koordination damit verbundener Dienste; kann sich an Unternehmen mit gleicher oder ähnlicher Zielsetzung im In- und Ausland beteiligen; kann an anderen Orten Zweigniederlassungen errichten.

 

Entry            Deleted   Remarks (original Language)

17.12.2001                    Publishing authority: SHAB.

17.12.2001                    Reports: Mitteilungen an die Aktionäre erfolgen durch eingeschriebenen Brief, sofern sämtliche Aktionäre bekannt sind, oder im Publikationsorgan, sofern das Gesetz nicht zwingend etwas anderes vorschreibt.

17.12.2001                    Intended asset takeover: Die Gesellschaft beabsichtigt, nach der Gründung einen Teil der Aktiven und Passiven der Transorga AG (neu: Transorga Holding AG), in Zürich, nämlich den operativen Geschäftsbereich, gemäss einer noch zu erstellenden Übernahmebilanz zum Preis von höchstens CHF 2'000'000.-- zu übernehmen.

 

 

Official Administration

 

Title                                           Name

President                                    Gernot Heller, Origin: Germany, Address: 8832 Wollerau, Switzerland, single signature

Executive Director                       Denise File, Origin: Zürich, Switzerland, Address: 6300 Zug/ZG, Switzerland, joint signature of two

Executive Director                       Dr. Hans Weiss, Origin: Bassersdorf, Switzerland, Address: 6300 Zug/ZG, Switzerland, joint signature of two

 

 

Management

 

Title                                           Name

General Manager                         Carlos Barbosa Magalhaes, Origin: Portugal, Address: 6319 Baar, Switzerland, joint signature of two

Director                                      Helmut File, Origin: Austria, Address: 6300 Zug/ZG, Switzerland, single signature

Member with signing authority      Christian Herrmann, Origin: Rohrbach, Switzerland, Address: 8125 Zollikon, Switzerland, joint signature of two

Member with signing authority      Roberto Modena, Origin: Pfungen, Switzerland, Address: 8422 Pfungen, Switzerland, joint power of attorney of two

Member with signing authority      Roland Felder, Origin: Affoltern am Albis, Switzerland, Address: 8127 Küsnacht/ZH, Switzerland, joint signature of two

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Carlos Barbosa Magalhaes

 

 

Ultimate Parent Company

 

Name:                          Transorga Holding AG

City/Country:                 Zürich, Switzerland/CH

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is domestic owned.

 

Class:                          100%

Name:                          Transorga Holding AG

City/Country:                 Zürich, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest (since 17.12.2001)

 

 

Sisters

 

Name:                          Intercem Cement AG

City/Country:                 Zürich, Switzerland/CH

 

Name:                          Transorga Angola, Lda.

City/Country:                 Luanda, Angola/AO

 

Name:                          Transorga Engineering AG

City/Country:                 Zürich, Switzerland/CH

 

Name:                          Transorga Exportacao Importacao e Comercio Ltda

City/Country:                 Rio de Janeiro, Brazil/BR

 

Name:                          Transorga GmbH

City/Country:                 Düsseldorf, Germany/DE

 

Name:                          Transorga SA

City/Country:                 Bedfordview, South Africa/ZA

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

02.11.2009          2009                           0

02.11.2009          2008                           0

02.11.2009          2007                           0

02.11.2009          2006                           0

 

An updated legal action check is only available against proof of interest. e.g. a copy of an enquiry letter, and order or invoice relating to the subject company.

 

Credit Information

 

Financial Statements:    The company does not disclose any financial statements. Third parties are not permitted any insight into the financial affairs. It is therefore difficult to make a proper assessment of the actual situation.

 

 

Financial Situation:        The financial situation is in order.

 

Payment experiences:   Financial obligations are met as appropriate.

 

Maximum Credit:           CHF 200'000

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.47.10

UK Pound

1

Rs.74.64

Euro

1

Rs.64.42

 

 

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

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

----

NB

New Business

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.