MIRA INFORM REPORT

 

 

Report Date :

2nd June 2006

 

IDENTIFICATION DETAILS

 

Name :

AWB (GENEVA) SA

 

 

Registered Office :

Case postale 171

1211 Geneve 21/GE

Switzerland

 

 

Country :

Switzerland

 

 

Financials (as on) :

31/12/2005 (Estimated)

 

 

Date of Incorporation :

14-06-2002

 

 

Legal Form :

Joint stock company

 

 

Line of Business :

Engaged in the business of international trading of primary materials, agricultural products, cereals and wheat.

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good 

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

Overall assessment:

250

 

 

Detail assessment:

Payments:

 

 

 

Individual credit limit*:

EUR 2.500.000,--

 

 

Name

 

AWB (Geneva) SA

 

 

Line of Business

 

Matieres premieres

 

 

Legal domicile

 

Rue de Lausanne 54

1202 Geneve/GE

 

 

Business address

 

Case postale 171

1211 Geneve 21/GE

Switzerland

Telephone:                    022 5929595

Fax:                                          022 5929500

Homepage:                    www.awb.com.au

 

 

CREDIT ADVICE

 

Credit opinion: On the basis of the financial strength of this company, credit can be extended to high levels.

 

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:                  14-06-2002

First Publication:            20-06-2002

Last Publication:            11-07-2005

Share capital:                15.000.000

Paid up:                        15.000.000

Divided into:                   15.000 Registered shares of 1.000

History:                         13-08-2002     15.000.000 Capital increase

                                      100.000 Capital by incorporation

 

Direct Parent com.:        AWB Inc., Melbourne, Australia/AU with a share of 100%.

 

Company Management:   Thierry Dubois

 

 

ACTIVITY

 

Activity:

The company is involved in the international trading of primary materials, agricultural products, cereals and wheat.

 

 

 

EMPLOYEES

 

Number of employees:  10

 

 

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 affairs are considered good and in order.

 

Key figures (in CHF 1.000.000):

AWB (Geneva) SA

                        31.12.2005

                                    Estimates

Sales                                   300.0

Groupe AWB

                        30.09.2005        30.09.2004        30.09.2003        30.09.2002

Sales                      5'156.5              5'344.6               2'211.9            2'319.6

Profit/Loss                157.1                 96.9                    43.9              107.2

Shareholder funds          1'117.4     1'046.2       932.0       789.5

Balance sheet total        3'279.6     3'735.2     2'494.4     2'641.1

 

 

Banker(-s)   

 

ANZ Bank, Londres

 

 

 

Auditors

 

Ernst & Young SA, Petit-Lancy

 

 

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

 

COMPANY CONNECTIONS:

 

Direct Parent com.:   AWB Inc., Melbourne, Australia/AU with a share of 100%.

 

Shareholder(s):

AWB Inc, America/US.

 

AWB Limited is Australia's leading agribusiness and one of the world's largest wheat marketing companies. It is also one of Australia's top 100 publicly listed companies.

 

The company is the exclusive manager and marketer of all Australiean bulk wheat exports through what is known as the Single Desk. The company markets wheat into more than 50 countries, with Australian wheat exports worth up to $5 billion per year. AWB markets and trades a range of other grains both domestically and internationally, as well as providing additional services such as chartering.

 

AWB's footprint includes more than 430 outlets through its busidiary Landmark and has offices across the world. The company employs more than 2'700 staff reaching over 100'000 customers.

The AWB Group provides a comprehensive range of finance, insurance, and commodity risk management services across rural and regional Australia.

The company is also one of the nation's largest suppliers of rural merchandise, distributors of fertiliser, marketers of livestock, brokers or rural real estate and handlers of wool.

 

 

BOARD OF DIRECTORS

 

Thierry Dubois, from France, in

Lausanne/VD/Switzerland,

President, collective signature.

Georges Gard, from Bagnes, in

Plan-les-Ouates/GE/Switzerland,

Member, collective signature.

Peter Geary, from Australia, in

Melbourne/Australia,

Member, collective signature.

 

 

MANAGEMENT

 

Kai Ingwersen, from Germany, in

Geneve/GE/Switzerland,

Authorised signatory, collective signature.

 

 

 

PERSONNEL INFORMATION:

 

Thierry Dubois has no mandates in any other companies.

 

Georges Gard lives in 1256 Troinex, at ch. Champ-Gilbert 15.

He conducts his main business activities within the company "FIDUTEC Fiduciaire SA" in Geneva, where he signs as director with collective signature.

He features on the Boards of more than fourty other companies.

 

Peter Geary has no mandates in any other Swiss companies.

 

 

 

 

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/normal.

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

 

 

 

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