Click the next item in the object list, Marc's pine. Are the Z or X rotation values off from '0'?
It looks like you've probably just clicked 'yes' in the 'Is this object from Xfrog' dialogue when you loaded the model. Clicking yes rotates one of those values(can't remember which one) to 90 degrees to match Xfrog's default X,Y and Z's.
Just a guess...
EDIT: Maybe not, since this is a .tgo. Sorry.
Still, looks like the parent object has just been rotated somewhere along the line.