MIRA INFORM REPORT
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Report Date : |
19.11.2011 |
IDENTIFICATION DETAILS
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Name : |
SAMANCOR AG |
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Registered Office : |
Jöchlerweg 2, 6340 Baar |
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Country : |
Switzerland |
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Date of Incorporation : |
03.09.1979 |
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Com. Reg. No.: |
170.3.012.805-1 / 57433 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
trading in commodities, metals and petroleum |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
CHF 1'000'000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
Samancor AG
Operating address
Jöchlerweg 2
6340 Baar
Switzerland/CH
Telephone: 041
7668080
Fax: 041
7668088
Web
site: http://www.bhpbilliton.com
VAT-No.: CHE106142998
Profile
Established: 1987
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4673 Wholesale of wood, construction materials
and sanitary equipment
4672 Wholesale of metals and metal ores
Import/Export: Import, Export
Banks: unknown
Operational Figures
Coverage: Company
Figures: estimated
Employees: 12
Sales: CHF 450'000'000.--
Activity
The business activities includes trading in commodities, metals and
petroleum.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 170.3.012.805-1 / 57433
Legal
form: Company limited
by shares
Registration: 03.09.1979
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug (since 03.07.1987)
Auditor: KPMG AG, Zug
History: Date of Statutes:
30.06.1994
Date of
Statutes: 11.03.2010
Date of
Statutes: 04.09.2006
Date of
Statutes: 14.11.2002
Date of
Statutes: 14.06.2001
Date of
Statutes: 29.01.2001
Date of
Statutes: 20.04.2000
Date of
Statutes: 06.06.1995
Entry Deleted Name
25.04.2000 Samancor
AG
25.04.2000 Ferroalloys Handels AG
25.04.2000 Ferroalloys Commerce SA (Name translated)
25.04.2000 Ferroalloys Trading Ltd (Name translated)
Entry Deleted Legal domicile
30.01.2001 Baar,
Switzerland
30.01.2001 Zug, Switzerland
Entry Deleted Address
30.01.2001 Jöchlerweg
2, 6340 Baar/ZG, Switzerland/CH
19.01.1998 Baarerstrasse 94, 6300 Zug/ZG, Switzerland/CH
19.01.1998 30.01.2001 Grafenauweg 6, 6301 Zug/ZG, Switzerland/CH
Entry Deleted Capital
12.03.2010 Share
Capital CHF 33'300'000, paidup CHF 33'300'000
16.06.1995 Share Capital CHF 14'600'000, paidup CHF
14'600'000
16.06.1995 12.03.2010 Share Capital CHF 15'300'000, paidup CHF
15'300'000
Entry Deleted Capital Structure
12.03.2010 19'980
Registered shares with restricted transferability of CHF 1'000.--
12.03.2010 13'320
Preferred registered shares of CHF 1'000.--
16.06.1995 14'600 Bearer shares of CHF 1'000.--
18.06.2001 12.03.2010 9'180 Registered shares with restricted
transferability of CHF 1'000.--
18.06.2001 12.03.2010 6'120 Preferred registered shares of CHF
1'000.--
16.06.1995 18.06.2001 15'300 Bearer shares of CHF 1'000.--
Entry Deleted Activity (original Language)
14.09.2006 Vermarktung
von und Handel mit Produkten und Derivaten aller Art, insbesondere Produkten
und Derivaten von Rohstoffen, Metallen, Energie und anderen handelbaren
Erzeugnissen; kann Dienstleistungen im Zusammenhang mit diesen Tätigkeiten
erbringen, Geschäfte mit anderen Gesellschaften der BHP Billiton Gruppe
tätigen, namentlich Kredit an solche Gesellschaften ausrichten oder Garantien
und Bürgschaften zur Sicherstellung ihrer Verbindlichkeiten eingehen, andere
Unternehmungen erwerben, sich an ihnen beteiligen oder mit ihnen
zusammenschliessen sowie Liegenschaften erwerben.
18.06.2001 Handel mit Rohstoffen, insbesondere Metallen
sowie Im- und Export von Waren aller Art; kann sich an anderen Unternehmungen
beteiligen sowie gleichartige oder verwandte Betriebe und Liegenschaften
erwerben
18.06.2001 14.09.2006 Vertrieb sowie Ein- und Ausfuhr von Metallen
und mineralischen Produkten; kann sich an anderen Unternehmungen beteiligen
sowie gleichartige oder verwandte Betriebe und Liegenschaften erwerben
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
12.03.2010 Capital:
Ordentliche Kapitalerhöhung durch Verrechnung einer Forderung von CHF
64'440'000.00, wofür 10'800 Namenaktien zu CHF 1'000.00 und 7'200
Vorzugsnamenaktien zu CHF 1'000.00 ausgegeben werden.
12.03.2010 Reports:
Die Mitteilungen an die Aktionäre erfolgen durch Brief an die im Aktienbuch
verzeichneten Adressen.
12.03.2010 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten
beschränkt.
18.06.2001 Shares:
Vorrechte: Die Namen-Vorzugsaktien sind hinsichtlich ihres Anspruches auf
Dividende gemäss näherer Umschreibung in den Statuten privilegiert.
Official Administration
Title Name
President Hans Wille,
Origin: Zürich, La Sagne, Switzerland, Address: Zollikon/ZH, Switzerland, joint
signature of two
Chief
Executive Terence
George Malcolm Briant, Origin: United Kingdom, Address: Zug/ZG, Switzerland,
joint signature of two
Executive
Director Pieter Le
Roux, Origin: South Africa, Address: Singapur, Singapore, joint signature of
two, Registered since: 24.08.2011
Executive
Director Martin
Andreas Scherer, Origin: Wohlen AG, Switzerland, Address: Thalwil, Switzerland,
joint signature of two
Executive
Director Paul
Bernard Doetsch, Origin: United States of America, Address: Singapur,
Singapore, joint signature of two, Registered since: 11.12.2009
Executive
Director Rolf
Müller, Origin: Köniz, Switzerland, Address: Hünenberg, Switzerland, joint
signature of two
Executive
Director Michael P.
Henry, Origin: United Kingdom, Address: Singapur , Singapore, joint signature
of two
Management
Title Name
General
Director Rolf
Müller, Origin: Köniz, Switzerland, Address: Hünenberg, Switzerland, joint
signature of two
Member
with signing authority Sara Christina
Schuler, Origin: Schwyz, Switzerland, Address: Brunnen, Switzerland, joint
signature of two, Registered since: 14.11.2011
Member
with signing authority Markus
Mühlemann, Origin: Bönigen, Switzerland, Address: Rotkreuz, Switzerland, joint
signature of two, Registered since: 22.03.2010
Executive board
Title Name
Chief
Executive Officer Rolf
Müller
Ultimate Parent Company
Name: BHP Billiton Limited
City/Country: Melbourne, Australia/AU
Owner/-s
No.
of Owner/-s: 2
Owner: The company is foreign
owned.
Class: 50-99%
Name: BHP Billiton Limited
City/Country: Melbourne, Australia/AU
Interest: 60.00% voting right,
60.00% capital interest
Class: 40-49%
Name: ANGLO AMERICAN FINANCE
S.A.
City/Country: Luxembourg, Luxembourg/LU
Interest: 40.00% voting right,
40.00% capital interest
Sisters
Name: BHP Billiton Marketing
AG
City/Country: Baar, Switzerland/CH
Investments
It is believed that the company has no investments.
Remarks
In FY2009 the BHP Billiton Group generated a revenue of
US$50.2 billion, attributable profit (excluding exceptional items) of US$10.7 billion and
net operating cash flow of US$18.9 billion.
Legal Actions
Control date Year No. Amount CHF Status
12.05.2009 2009 0
12.05.2009 2008 0
12.05.2009 2007 0
18.11.2002 2002 0
18.11.2002 2001 0
18.11.2002 2000 0
An updated legal action check is only
available against proof of interest. e.g. a copy of an enquiry letter, and
order or invoice relating to the subject company.
Credit Information
Financial
Statements: The company does not
disclose any financial statements. Third parties are not permitted any insight
into the financial affairs. It is therefore difficult to make a proper
assessment of the actual situation.
Financial
Situation: The financial situation
is in order.
Payment
experiences: Payments are made with
arranged conditions.
Maximum
Credit: CHF 1'000'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.35 |
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UK Pound |
1 |
Rs.80.97 |
|
Euro |
1 |
Rs.68.26 |
RATING EXPLANATIONS
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RATING |
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 |
|
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 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.