MIRA INFORM REPORT
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Report Date : |
23rd May 2006 |
IDENTIFICATION DETAILS
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Name : |
GLENCORE INTERNATIONAL AG |
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Registered Office : |
Postfach 555 6341 Baar/ZG Switzerland |
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Date of Incorporation : |
24-06-1987 |
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Legal Form : |
Joint stock company |
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Line of Business : |
Trader in commodities |
RATING & COMMENTS
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MIRA’s Rating : |
A |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
EUR 2.500.000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME & ADDRESS
Glencore
International AG
Baarermattstrasse 3
Baar,
6341 Switzerland
Telephone:(41) 417092000
Fax:(41) 417093000
COMPANY TYPE
Parent;
International Company
INCORPORATION
Founded
in 1974; Incorporated in ch
IMPORT/EXPORT
Import
EMPLOYEES
47,700
FINANCIALS
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SALES: |
$72,000,000,000
Approximate Sales |
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FISCAL
YEAR-END: |
12/31/2004 |
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ASSETS: |
$23,500,000,000 |
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LIABILITIES: |
$18,900,000,000 |
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NET WORTH: |
$4,600,000,000 |
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BUSINESS DESCRIPTION
Mining, Smelting & Raw Materials Supplier
SIC:
5159 - Farm-Product Raw Materials, Not Elsewhere Classified
EXECUTIVES
Willy Strothotte, Chm
Ivan Glasenberg, CEO
Lotti E. Grenacher, Mgr-Pub Rels
COMMUNICATIONS:
Internet: info@glencore.com General
E-mail
Internet: www.glencore.com General URL
LOAD-DATE: May 15, 2006
COMMUNICATIONS :
TELEPHONE: 41 041 709 20 00
FAX: 41 041 709 30 00
URL: www.glencore.ch
E-MAIL: info@glencore.com
COMPANY IDENTIFIERS
GALE COMPANY NO: 0000489059
COMPANY INFORMATION
LEGAL STATUS: International and Multinational Private company
EMPLOYEES: 1,900 (Verification Letter)
EXECUTIVES
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OFFICERS |
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NAME |
TITLE |
POSITION |
|
Willy R
Strothotte |
Chairman of
the Board |
Chief
Executive Officer |
|
Zbynek E Zak |
Director of
Finance |
Chief
Financial Officer |
DESCRIPTION
Wholesale: Wholesale trade in petroleum and petroleum products, metals and
non-ferrous minerals. Glencore's commercial activities are either integrated
with its mining operations and are carried out in association with other
partners or are integrated by way of equity holdings in metallurgical companies
MARKET AND INDUSTRY
PRIMARY NAICS:
424720 - Petroleum and Petroleum Products Merchant Wholesalers (except Bulk
Stations and Terminals)
SECONDARY NAICS:
423510 - Metals Service Centers and Other Metal Merchant Wholesalers
424710 - Petroleum Bulk Stations and Terminals
PRIMARY SIC:
5172 - Petroleum Products, Not Elsewhere Classified
SECONDARY SIC:
5051 - Metals Service Centers And Offices
5171 - Petroleum Bulk Stations & Terminals
FINANCIALS
FISCAL YEAR DATE: December 31, 2003
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SALES (Mill
USD) |
SOURCE |
EMPLOYEES |
|
2003 |
$60,252.40 |
Verification Letter |
1,900 |
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2002 |
$51,623.10 |
Verification
Letter |
1,900 |
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2001 |
$60,635.30 |
Verification
Letter |
1,846 |
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2000 |
$61,283.10 |
Verification
Letter |
1,846 |
RATING EXPLANATIONS
RATING
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STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely
sound financial base with the strongest capability for timely payment of
interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |