ATELIERS MECANIQUES DU CONGO - MECANICONGO S.C.A.R.L.
Article update
Constitution
Ateliers Mécaniques du Congo - MECANICONGO was founded on 16 May 1951 with capital of 18 million Congolese francs, represented by 18,000 shares with a par value of 1,000 Congolese francs and 9,000 founder's shares with no par value.
The registered office was in Leopoldville and the administrative office in Brussels.
The capital was subscribed in cash and paid up in full by the following parties:
L'Union des Industries, 8,400 shares; La Compagnie Congolaise d'Entreprises et Réalisation - Congoréal, 750 shares; Automobiles Industrielle Brossel frères, Bovy et Pipe .s.a, 1,250 shares; La Société Anglo-Franco-Belge des Ateliers de la Croyère, Seneffe et Godarville 1,000 shares; La Seneffoise s.a., 1,000 shares; René Bidoul, 100 shares; Alex Corbeau, 100 shares; Edouard Desgain, 100 shares; Yves de Brouwer, 100 shares; Jacques Hautain, 100 shares; Louis Zurstrassen, 100 shares.
The founder's shares were distributed among them in accordance with their specific agreement (12-(14/07/1951)-16653).
First Board of Directors
The Board of Directors, consisting of six directors, was represented by Mrs. Jacques Hautain, Chairman, Louis Zurstrassen, Edouard Desgain, René Bidoul, Alex Corbeau and Yves de Brouwer (12-(14/07/1951)-16653).
Object
Everything relating to the manufacture, purchase, sale, factory assembly, maintenance and repair of all transport and traction equipment, all industrial or other engines, whether diesel, petrol or electric, all mechanical devices, constituting equipment or protective goods for industry or private use.
Also to operate, in the form it deems appropriate, all mechanical or transport equipment; to apply for, obtain, acquire and operate all patents, licences and manufacturing processes.
To purchase, build, lease or rent any movable or immovable property, equipment or installations, and to carry out any transaction likely to facilitate the achievement of its corporate purpose (1).
Modification and transformation of share capital
On 31 May 1955, the Extraordinary General Meeting decided to increase the company's capital by 7 million francs to 25 million francs by issuing 7,000 shares with a par value of 1,000 Congolese francs. 2,000 of the 7,000 shares were sold to S. C. R. L. Colonial Equipment Cy - Ceco as a contribution towards a debt. Of the 7,000 shares, 2,000 were sold to S.C.R.L. Colonial Equipment Cy - Ceco for the contribution of a receivable; the remaining 5,000 were subscribed at a price of 1,000 Congolese francs and 50% paid up by s.a. Union des Industries (12-(22-23/07/1955)-21076).
On 30 April 1957, the capital was increased to 30 million by the creation of 5,000 shares of 1,000 Congolese francs each. These new shares were subscribed by s.a. Union des Industries and paid up by 50% (12-(27/06/1957)-18707).
On 31 May 1960, the EGM decided to reduce the capital by 2 million; this amount was allocated to a write-down of formation and start-up costs (12-(22-23/07/1960)-22810). At the same meeting, the capital was increased by 7 million to 35 million through the creation of 7,500 preference shares with no par value. This increase was made possible by a contribution from s.a. Compagnie Financière de l'Union des Industries of 5 million bonds issued by the company and a receivable of 2 million francs. The capital was then 35 million Congolese francs and represented by 37,500 shares without value designation, including 7,500 preference shares (12-(22-23/07/1960)-22810).
On 30 November 1961, the EGM decided to convert the capital into Belgian francs, as recorded by the Board of Directors on 28 June 1960, in accordance with the law of 17 June 1960, and took the decision to maintain the company in the form of a public limited company governed by Belgian law; the registered office was established in Brussels. At the same meeting, the capital was reduced by 15 million to 20 million; the amount of the reduction was allocated to the amortisation of losses and intangible assets and the remainder to the legal reserve.The same year, the company set up two Congolese companies, one in Elisabethville under the name Ateliers MECANICONGO à Elisabetville, abbreviated MECANICONGO-Eville, and the other in Léopoldville, which would take over the assets in Congo (12-(13/01/1962)-1174).
Dissolution and closure of the liquidation
On 16 February 1967, MECANICONGO s.a. was wound up and put into liquidation, with closure being pronounced on 28 December 1967 (12-(18/01/1968)-174)