MIRA
INFORM REPORT
|
Report Date : |
20.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
BHP Billiton Marketing AG |
|
|
|
|
Registered Office : |
Joechlerweg 2, 6340 Baar/ZG |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
20-10-1988 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Marketing, trading of commodities and products. |
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 |
|
Maximum Credit Limit : |
EUR 2.500.000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Detail
assessment: |
payments: |
|
|
|
There are no
recorded complaints on the business conduct of the company and current liabilities
are settled in an orderly manner. |
|
|
|
Individual
credit limit*: |
EUR 2.500.000.-- |
Name
BHP Billiton
Marketing AG
Line of Business
Rohstoffhandel
Legal domicile
Joechlerweg 2
6340 Baar/ZG
Switzerland
Telephone: 041
7668080
Fax: 041
7668088
Homepage: www.bhpbilliton.com
CREDIT ADVICE
Credit
opinion: The financial strength on this company is considered first class. A credit
of EUR 2.500.000 can be extended. This limit can be increased as required.
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: 20-10-1988
First
Publication: 01-11-1988
Last
Publication: 19-07-2007
History:
The company is
registered in the commercial register under the number CH-170.3.014.047-1.
Share
capital: 142.000.000
Paid up: 142.000.000
Divided
into: 142.000 Special registered
shares of 1.000
History: 03-10-2003 142.000.000 Capital increase
1.100.000 Previous capital
Direct Parent
com.: Billiton Investment 12 BV, Den
Haag, Netherlands/NL with a share of 100%.
Company
Management: Terence Briant
Registered
name 11-10-2001 BHP Billiton
Marketing AG
01-05-2000
BILLITON MARKETING AG
08-12-1997
Billiton Trading Schweiz AG
Previous Forton Handels AG
Registered
domicile 08-09-2000, 6340
Baar/ZG
Previous, 6300
Zug/ZG
ACTIVITY:
Line of
business: Marketing, trading of
commodities and products (financial futures)
Sector: Wholesale
Activity:
The scope of
business encompasses the trading and marketing of products and financial
futures correspondent to commodities, metals and energy.
The
commodities are sold to mass merchandisers in Europe, the Far East and
Australia.
Trading
area: International
EMPLOYEES:
Number of
employees: 12
Number of
employees of the BHP Billiton Group at 30.06.:
2005/06: 33,184
2004/05: 34,201
PAYMENT AND FINANCIAL
DATA
PAYMENT
EXPERIENCES:
Legal
actions: No legal actions or
distraints are registered.
Report from
09-01-2002, in 6340 Baar.
A current
check of the legal actions requires a document of justification with a
legitimate signature.
There are no
recorded complaints on the business conduct of the company and current
liabilities are settled in an orderly manner.
Due to the
nature of the company's activity there is a lack of referential experience as
regards the payment conduct.
For
large-scale financial transactions the company should however be capable of
providing appropriate capital guarantees or securities.
FINANCIAL
DATA:
Financial
position: The financial affairs are
considered to be in order.
Financial
Statements: The company does not disclose any financial statements.
Third parties
are however not permitted any detailed insight into the financial affairs. It
is therefore very difficult to make a proper assessment of the actual
situation.
Consolidated
key figures (in USD 1.000.000):
BHP Billiton
Gruppe
30.06.2007 30.06.2006 30.06.2005
12 Months 12 Months 12 Months
Sales 39'498.0 32'153.0 26'722.0
Operating Profit/Loss 18'401.0 14'671.0 9'271.0
Cost of employees 2'849.0 2'419.0
Profit/Loss 13'678.0 10'595.0 6'538.0
Cash-Flow 15'595.0 10'476.0 8'374.0
Investments 6'365.0 5'239.0 3'450.0
Shareholder funds 29'667.0 24'218.0 17'776.0
The complete
financials of the BHP Billiton Group for the fiscal year closing at 30.06.2007
are still pending.
Takeover
from: Billiton Coal Marketing AG
6340 Baar/ZG
Type: Take over as a result of merger
Registered
on: 08-09-2000
Contract
date: 01-09-2000
Balance Sheet
per: 30-06-2000
Assets: 208.493.696
Liabilities: 161.532.081
Take over
price: 46.961.615
Issued share
capital: 1.000.000
Banker(-s): Bank of America, London
Auditors: KPMG AG, Zug
Premises: The premises at the above mentioned address
are rented.
The group owns
numerous properties. The acquisition value and the net ook value of the land
and buildings amount to (at 30.06., in US$):
Acqusition value Net book value
---------------- --------------
2005/06 2.649.000.000 1.563.000.000
2004/05 2.559.000.000 1.507.000.000
Fiscal
taxation: No information is
available due to the local tax authority regulation.
COMPANY AND PERSON
RELATIONS
COMPANY
CONNECTIONS:
Direct Parent
com.: Billiton Investment 12 BV, Den
Haag, Netherlands/NL with a share of 100%.
Ultimate
Parent com.: BHP Billiton Limited, BHP Billiton Plc, Melbourne/London.
On 29 June
2001, BHP Billiton Limited (previously known as BHP Limited), an Australian
listed company, and BHP Billiton Plc (previously known as Billiton Plc), a UK
listed company, entered into a Dual Listed Companies
(DLC) merger.
The effect of
the DLC merger is that BHP Billiton Limited and its subsidiaries (the BHP
Billiton Limited Group) und BHP Billiton Plc and its subsidiaries (the BHP
Billiton Plc Group) operate together as a single economic entity (the BHP
Billiton Group).
Investments: None.
BOARD OF DIRECTORS:
Johann
Heinrich gen. Hans Wille, from Zuerich, La Sagne, in Zollikon/ZH/Switzerland,
President,
collective signature.
Terence
Briant, from United Kingdom, in Steinhausen/ZG/Switzerland,
Managing
Director, collective signature.
Michael P.
Henry, from United Kingdom, in Den Haag (NL)/Netherlands Antilles,
Member,
collective signature.
Ursula Killer,
from Turgi, in Oberaegeri/ZG/Switzerland,
Member,
collective signature.
Paul A.
Koppelmann, from Australia, in Wassenaar/Netherlands,
Member,
collective signature.
Julius L.
Matthys, from Australia, in Den Haag/Netherlands,
Member,
collective signature.
Rolf Mueller,
from Koeniz, in Huenenberg/ZG/Switzerland,
Member,
General Director, collective signature.
Martin Andreas
Scherer, from Wohlen AG, in Thalwil/ZH/Switzerland,
Member,
collective signature.
Thomas
Schutte, from Netherlands, in Voorschoten/Netherlands,
Member,
collective signature.
PERSONNEL
INFORMATION:
Johann called
Hans Wille is married to Isabelle, nee von Muralt, and lives at the Alfred-Ulrich-Strasse
8 in 8702 Zollikon. He is a Notary Public and Right Attorney by profession and
is in this position self-employed within the law office CMS von Erlach Henrici
Rechtsanwaelte, at the Dreikoenigstrasse 7 in Zurich.
Hans Wille
features on the Boards of a number of other companies, in most of which he is
however believed to merely represent the interests of the beneficial
shareholders.
There are no
detrimental reports on the senior executives' business conduct.
FURTHER
MANDATES:
Hans Wille:
- Asset
Management 2000 SA, Rolle
- Biomin
Technologies SA, Fribourg
- Peek &
Cloppenburg AG, Zuerich
- SWEP AG,
Tentlingen/Tinterin FR
- Samancor AG,
Baar
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. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)