|
Report Date : |
02.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
GLENCORE
INTERNATIONAL AG |
|
|
|
|
Registered Office : |
Baarermattstrasse
3 Postfach 777 6340 Baar |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishment : |
1974 |
|
|
|
|
Com. Reg. No.: |
170.3.012.738-3
/ 341238 |
|
|
|
|
Legal Form : |
Company
limited by shares |
|
|
|
|
Line of Business : |
Financial services, Quarrying and raw material processing, Trade
brokers |
|
|
|
|
No. of Employees : |
40'000-59'999 employees |
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 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland is a peaceful,
prosperous, and modern market economy with low unemployment, a highly skilled
labor force, and a per capita GDP among the highest in the world. Switzerland's
economy benefits from a highly developed service sector, led by financial
services, and a manufacturing industry that specializes in high-technology,
knowledge-based production. Its economic and political stability, transparent
legal system, exceptional infrastructure, efficient capital markets, and low
corporate tax rates also make Switzerland one of the world's most competitive
economies. The Swiss have brought their economic practices largely into
conformity with the EU's, to enhance their international competitiveness, but
some trade protectionism remains, particularly for its small agricultural
sector. The fate of the Swiss economy is tightly linked to that of its
neighbors in the euro zone, which purchases half of all Swiss exports. The
global financial crisis of 2008 and resulting economic downturn in 2009 stalled
export demand and put Switzerland in a recession. The Swiss National Bank (SNB)
during this period effectively implemented a zero-interest rate policy to boost
the economy as well as prevent appreciation of the franc, and Switzerland's
economy recovered in 2010 with 2.7% growth. The sovereign debt crises currently
unfolding in neighboring euro-zone countries pose a significant risk to
Switzerland's financial stability and are driving up demand for the Swiss franc
by investors seeking a safehaven currency. The independent SNB has upheld its
zero-interest rate policy and conducted major market interventions to prevent
further appreciation of the Swiss franc, but parliamentarians have urged it to
do more to weaken the currency. The franc's strength has made Swiss exports
less competitive and weakened the country's growth outlook; GDP growth fell to
2.1% in 2011. Switzerland has also come under increasing pressure from
individual neighboring countries, the EU, the US, and international
institutions to reform its banking secrecy laws. Consequently, the government
agreed to conform to OECD regulations on administrative assistance in tax
matters, including tax evasion. The government has renegotiated its double
taxation agreements with numerous countries, including the US, to incorporate
the OECD standard, and in 2011 it reached deals with Germany and the UK to
resolve outstanding issues, particularly the possibility of imposing taxes on bank
deposits held by foreigners. These steps will have a lasting impact on
Switzerland's long history of bank secrecy.
Source : CIA
Glencore International AG
Baarermattstrasse 3
Postfach 777
6340 Baar
Switzerland/CH
Telephone: 041
7092000
Fax: 041
7093000
Web site: http://www.glencore.com
E-mail: info@glencore.com
VAT-No.: CHE106909694
Established: 1974
Line of Business: Financial services, Quarrying and raw material processing,
Trade brokers
Industry Division: Services, Manufacturing, Wholesale trade
Industry-code (NACE): 6420 Activities of
holding companies
0510 Mining of hard coal
0610 Extraction of crude petroleum
0729 Mining of other non-ferrous metal ores
4612 Agents involved in the sale of fuels,
ores, metals and industrial chemicals
4617 Agents involved in the sale of food,
beverages and tobacco
Import/Export: Import, Export
Banks: UBS Ltd
CS Credit Suisse
Organisation level: Ultimate
Parent
Quoted: Yes
Stock exchange: London
Stock Exchange, Hong Kong Stock Exchange
Coverage: Group
Employees: 40'000-59'999
Sales: CHF
10 Bil +
The Group is a leading
integrated marketer and producer of natural resources, with worldwide
activities in the marketing of metals and minerals, energy products and
agricultural products and the production, refinement, processing, storage and
transport of these products. They operates on a global scale, marketing and
distributing physical commodities sourced from third party producers and own
production to industrial consumers, such as those in the automotive, steel,
power generation, oil and food processing industries. The Group also provides
financing, logistics and other services to producers and consumers of
commodities. The long experience as a commodity merchant has allowed it to
develop and build upon its expertise in the commodities which it markets and
cultivate long-term relationships with a broad supplier and customer base
across diverse industries and in multiple geographic regions. Group’s marketing
activities are supported by investments in industrial assets operating in theyr
core commodities.
Real Estate: It
is understood that the company owns certain property.
Company No: 170.3.012.738-3
/ 341238
Legal form: Company
limited by shares
Registration: 12.06.1987
Legal status: active
Responsible Register: Handelsregister des Kantons Zug
History: Date
of Statutes: 07.12.1994
Date
of Statutes: 24.02.2012
Date
of Statutes: 20.05.2011
Date
of Statutes: 29.01.2009
Date
of Statutes: 25.01.2005
Date
of Statutes: 28.11.2002
Date
of Statutes: 01.02.2000
Date
of Statutes: 04.02.1999
Date
of Statutes: 19.12.1995
Date
of Statutes: 24.05.1995
Entry Deleted Name
active Glencore
International AG
active Glencore
International Ltd (Name translated)
active Glencore
International SA (Name translated)
01.01.1994 Marc Rich + Co AG
01.01.1994 Marc Rich + Co SA (Name translated)
01.01.1994 Marc Rich + Co Ltd (Name translated)
Entry Deleted Legal domicile
15.01.1996 Baar,
Switzerland
15.01.1996 Zug, Switzerland
Entry Deleted Address
15.01.1996 Baarermattstrasse
3, 6340 Baar/ZG, Switzerland/CH
15.01.1996 Baarerstrasse 37, 6300 Zug/ZG, Switzerland/CH
Entry Deleted Capital
23.05.2011 Share
Capital CHF 117'921'500, paidup CHF 117'921'500
23.05.2011 Share Capital CHF 75'000'000, paidup CHF
75'000'000
Entry Deleted Capital Structure
23.05.2011 235'843
Registered shares with restricted transferability of CHF 500.--
31.05.1995 22'500 Registered shares of CHF 500.--
31.05.1995 127'500 Registered shares (priority shares) of
CHF 500.--
02.12.2002 23.05.2011 150'000 Registered shares with restricted
transferability of CHF 500.--
31.05.1995 02.12.2002 22'500 Registered shares with restricted
transferability of CHF 500.--
31.05.1995 02.12.2002 127'500 Registered shares (priority shares) of
CHF 500.--
Entry Deleted Activity (original Language)
28.02.2012 Handel
mit Rohstoffen aller Art und anderen Gütern für eigene und fremde Rechnung im
In- und Ausland; vollständige Zweckumschreibung gemäss Statuten
28.02.2012 Handel mit Rohstoffen aller Art und anderen
Gütern für eigene und fremde Rechnung; kann damit zusammenhängende Dienstleistungen
erbringen oder vermitteln, Finanzierungen durchführen, Tochtergesellschaften
errichten, sich an anderen Unternehmungen beteiligen oder sich mit diesen
zusammenschliessen sowie Grundstücke erwerben, halten, belasten und veräussern
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
active Merger:
Übernahme der Aktiven und Passiven der "Alromi Invest AG", in Zug,
gemäss Bilanz per 31.12.1993 nach Massgabe von Art. 748 OR. Die übernehmende
Gesellschaft ist Eigentümerin sämtlicher Aktien der übernommenen Gesellschaft.
active Merger:
Übernahme der Aktiven und Passiven der "Clarendon Holding AG", in
Zug, gemäss Bilanz per 30.06.1993 nach Massgabe von Art. 748 OR. Die
übernehmende Gesellschaft ist Eigentümerin sämtlicher Aktien der übernommenen
Gesellschaft.
active Dividend
right certificates: Ausgabe von 150'000 Genussscheinen, welche zur Abgabe an
Mitarbeiter der Gesellschaft oder von der Gesellschaft direkt oder indirekt
kontrollierten anderen Gesellschaften bestimmt sind und Anspruch auf Anteil am
Bilanzgewinn gewähren.
28.02.2012 Reports:
Die Mitteilungen an die Aktionäre erfolgen an ihre letzte im Aktienbuch
eingetragene Adresse durch einfachen Brief oder durch Publikation im SHAB.
23.05.2011 Capital:
Ordentliche Kapitalerhöhung nachträglich zur Fusion durch Umwandlung von frei
verwendbarem Eigenkapital.
23.05.2011 Merger:
Übernahme der Aktiven und Passiven der Glencore L.T.E. AG, in Baar
(CH-170.3.025.934-0), gemäss Fusionsvertrag vom 20.05.2011 und Bilanz per
31.12.2010. Aktiven von CHF 12'595'269.42 - unter welchen Aktien der
übernehmenden Gesellschaft enthalten sind - und Passiven (Fremdkapital) von CHF
11'200'087.36 gehen auf die übernehmende Gesellschaft über. Da der Aktionär der
übertragenden Gesellschaft die anlässlich der Fusion erworbenen eigenen Aktien
der übernehmenden Gesellschaft erhält, findet im Rahmen der Fusion weder eine
Kapitalerhöhung noch eine Aktienzuteilung statt.
23.05.2011 Merger:
Übernahme der Aktiven und Passiven der Glencore Holding AG, in Baar (CH-170.3.018.775-9),
gemäss Fusionsvertrag vom 20.05.2011 und Bilanz per 31.12.2010. Aktiven von CHF
65'617'445.00 - unter welchen Aktien der übernehmenden Gesellschaft enthalten
sind - und Passiven (Fremdkapital) von CHF 58'912'667.06 gehen auf die übernehmende
Gesellschaft über. Da der Aktionär der übertragenden Gesellschaft die
anlässlich der Fusion erworbenen eigenen Aktien der übernehmenden Gesellschaft
erhält, findet im Rahmen der Fusion weder eine Kapitalerhöhung noch eine
Aktienzuteilung statt.
06.02.2009 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
18.04.2007 Merger:
Übernahme der Aktiven und Passiven der Stafford AG, in Zug
(CH-170.3.019.748-5), gemäss Fusionsvertrag vom 30.03.2007 und Bilanz per
30.03.2007. Aktiven von CHF 9'109'856.00 und Passiven (Fremdkapital) von CHF
7'751'481.00 gehen auf die übernehmende Gesellschaft über. Da die übernehmende
Gesellschaft sämtliche Aktien der übertragenden Gesellschaft hält, findet weder
eine Kapitalerhöhung noch eine Aktienzuteilung statt.
04.10.2004 Merger:
Grenzüberschreitende Uebernahme der Aktiven und der Passiven der "Glencore
ORA SA", in Paris (FR), (B 314 842 196), Société anonyme nach dem Recht
des Staates Frankreich, gemäss Fusionsvertrag vom 17.08.2004 und Bilanz per
30.06.2004. Aktiven von CHF 210'882'000.00 und Fremdkapital von CHF 9'000.00
gehen auf die übernehmende Gesellschaft über. Da die übernehmende Gesellschaft
sämtliche Aktien der übertragenden Gesellschaft hält, findet weder eine
Kapitalerhöhung noch eine Aktienzuteilung statt
17.01.2002 Merger:
Uebernahme der Aktiven von CHF 40'984'000.00 und der Passiven von CHF
804'000.00 der "Glencore Grain Holding AG", in Baar, gemäss Bilanz
per 30.11.2001 und Fusionsvertrag vom 24.12.2001 nach Massgabe von Art. 748 OR.
Da die übernehmende Gesellschaft Eigentümerin sämtlicher Aktien der
übernommenen Gesellschaft ist, findet keine Kapitalerhöhung statt.
06.02.2009 28.02.2012 Reports: Die Mitteilungen an die Aktionäre
erfolgen an ihre letzte im Aktienbuch eingetragene Adresse durch einfachen
Brief.
Title Name
President Ivan
Glasenberg, Origin: Australia, Residential address: Rüschlikon, Switzerland,
born: 1956, joint signature of two
Executive Director Andreas Peter Hubmann, Origin: Bichelsee,
Switzerland, Residential address: Zug/ZG, Switzerland, joint signature of two,
Registered since: 30.01.2004
Executive Director Steven Frank Kalmin, Origin: Australia,
Residential address: 8832 Wollerau/SZ, Switzerland, born: 1970, joint signature
of two, Registered since: 30.01.2004
Title Name
Member with signing authority Barbara Anna Bodmer, Origin: Zürich,
Wetzikon ZH, Switzerland, Residential address: Thalwil, Switzerland, joint
signature of two, Registered since: 16.12.2009
Member with signing authority Stuart Anthony Cutler, Origin: South
Africa, Residential address: Baar, Switzerland, joint signature of two,
Registered since: 13.02.2006
Member with signing authority Eric Kenneth Diedrichsen, Origin: Canada,
Residential address: Unterägeri, Switzerland, joint signature of two,
Registered since: 30.03.2012
Member with signing authority Gary Fegel, Origin: Zürich, Switzerland,
Residential address: 8802 Kilchberg /ZH, Switzerland, joint signature of two,
Registered since: 08.03.2006
Member with signing authority Robert Aaron Franco, Origin: Italy,
Residential address: Zug, Switzerland, joint signature of two, Registered
since: 30.03.2012
Member with signing authority Martin William Häring, Origin: Neuhausen
am Rheinfall, Switzerland, Residential address: Wollerau, Switzerland, joint
signature of two, Registered since: 19.04.2012
Member with signing authority Alicia Rosemary Hunt, Origin: South
Africa, Residential address: Feusisberg, Switzerland, joint signature of two,
Registered since: 30.03.2012
Member with signing authority Kenneth Raymond Ives, Origin: United
Kingdom, Residential address: Zug, Switzerland, joint signature of two,
Registered since: 30.03.2012
Member with signing authority Richard James Marshall, Origin: United Kingdom,
Residential address: Walchwil, Switzerland, joint signature of two, Registered
since: 16.12.2009
Member with signing authority Daniel Maté, Origin: Spain, Residential
address: Wollerau, Switzerland, joint signature of two, Registered since:
04.12.1998
Member with signing authority Aristotelis Mistakidis, Origin: United
Kingdom, Residential address: Walchwil, Switzerland, joint signature of two,
Registered since: 22.03.2000
Member with signing authority Wendelin Müller, Origin: Wängi,
Uesslingen-Buch, Switzerland, Residential address: Baar/ZG, Switzerland, joint
signature of two, Registered since: 08.08.2011
Member with signing authority Stefan H. Peter, Origin: Zell ZH,
Switzerland, Residential address: Cham, Switzerland, joint signature of two,
Registered since: 13.02.2006
Member with signing authority Tor Peterson, Origin: United States of
America, Residential address: Oberägeri, Switzerland, joint signature of two,
Registered since: 14.08.2002
Member with signing authority Gerda Constanze Schwindt, Origin: Arbon,
Switzerland, Residential address: Zofingen, Switzerland, joint signature of
two, Registered since: 14.02.2011
Member with signing authority Christian Wolfensberger, Origin: Zürich,
Wetzikon ZH, Switzerland, Residential address: Zug/ZG, Switzerland, joint
signature of two, Registered since: 13.02.2006
Title Name
Auditor Deloitte
AG, Residential address: Zürich, Switzerland, Registered since: 19.07.1995
Title Name
Chief Executive Officer Ivan Glasenberg
Chief Financial Officer Steven Frank Kalmin
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2011 31.12.2010 31.12.2009 31.12.2008 31.12.2007
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Statement norm: IAS IAS IAS IAS IAS
Balance Sheet
Intangible fixed assets 210.0
Land and buildings 1'198.0 1'042.0 831.0
Other tangible fixed assets 13'441.0 11'046.0 6'014.0
Tangible fixed assets 14'639.0 12'088.0 6'845.0
Financial fixed assets 24'546.0 23'034.0 20'618.0
other fixed assets 1'039.0 369.0 88.0
Fixed assets 40'434.0 35'491.0 27'551.0
Stocks 17'129.0 17'393.0 15'073.0
Trade accounts receivable 21'895.0 18'994.0 15'243.0
Liquid assets 1'305.0 1'463.0 860.0
Securities 40.0 6'048.0 6'200.0
other trade accounts 5'065.0 398.0 1'349.0
Accruals 297.0
Other current assets 6'707.0 7'909.0 8'409.0
Current assets 45'731.0 44'296.0 38'725.0
Total assets 86'165.0 79'787.0 66'276.0 61'300.0 60'000.0
Capital 69.0 46.0 46.0
Other shareholders funds 29'196.0 19'567.0 16'640.0
Total shareholders equity 29'265.0 19'613.0 16'686.0 15'405.0 15'671.0
Minority interests 3'070.0 2'894.0 1'258.0
long term debt (financial debts) 19'844.0 18'251.0 16'403.0
Provisions 953.0 719.0 722.0
Other non current liabilities 1'557.0 1'472.0 626.0
Non current liabilities 22'354.0 20'442.0 17'751.0
short term debt (financial debts) 12'989.0 19'947.0 15'829.0
Trade accounts payable 18'160.0 16'145.0 11'482.0
Provisions 98.0
other accounts payable 229.0 746.0 3'270.0
other current liabilities 327.0 746.0 3'270.0
Current liabilities 31'476.0 36'838.0 30'581.0
Shareh. equity, min. interests + liabilities 86'165.0 79'787.0 66'276.0
Profit and loss account
Net sales 186'152.0 144'978.0 106'364.0
Operating revenue 186'152.0 144'978.0 106'364.0 152'236.0 142'343.0
Cost of goods sold 181'938.0 140'467.0 103'133.0
Gross profit 4'214.0 4'511.0 3'231.0
Other operating expenses 1'368.0 1'063.0 839.0
Operating result 2'846.0 3'448.0 2'392.0 5'343.0 7'703.0
Interest revenues 339.0 281.0 267.0
other financial revenues 2'005.0 1'842.0 162.0
Financial income 2'344.0 2'123.0 429.0
Interest expenses 1'186.0 1'217.0 854.0
other financial expenses 0.0 14.0
Financial expenses 1'186.0 1'231.0 854.0
Financial result 1'158.0 892.0 -425.0
Result before extraordinary items 4'004.0 4'340.0 1'967.0
Extraordinary expenses 2'460.0 650.0
Extraordinary Result 0.0 -2'460.0 -650.0
Result before taxes 4'004.0 1'880.0 1'317.0
Taxes -264.0 234.0 238.0
Result before minority interests 4'268.0 1'646.0 1'079.0 4'754.0 5'190.0
minority interests 220.0 355.0 96.0
Result for the financial year 4'048.0 1'291.0 983.0
Cash flow
Depreciation 1'066.0 1'026.0 622.0
Cash flow 5'334.0 2'672.0 1'701.0
Cash flow from operating activities -343.0 111.0 -3'010.0
Investments in tangible fixed assets 2'606.0 1'657.0 1'088.0
Cash flow from investing activities -3'690.0 -4'755.0 -1'164.0
Cash flow from financing activities 3'875.0 5'247.0 4'208.0
Change in liquidity -158.0 603.0 34.0
Liquidity at beginning of the year 1'463.0 860.0 826.0
Liquidity at end ot the year 1'305.0 1'463.0 860.0
Notes
Cost of employees 1'723.0 1'677.0 1'281.0
Added value 7'979.0 5'800.0 4'074.0
Working Capital 20'864.0 20'242.0 18'834.0
Sales per Employee 3.2 2.5 1.9
Gross cost land and buildings 1'521.0 1'281.0 1'066.0
Gross cost other tangible fixed assets 17'337.0 14'213.0 8'202.0
Gross cost total 18'858.0 15'494.0 9'268.0
Employees at
year end 58'000 57'500 55'000 52'000 52'000
Employees inland 500 500 450 400 400
Employees abroad 57'500 57'000 54'550 51'600 51'600
Owner: The
company is owned by various parties.
Class: 10-19%
Name: Ivan
Glasenberg
City/Country: Rüschlikon,
Switzerland/CH
No. of shares: 1'093'419'000
Interest: 15.80%
voting right, 15.80% capital interest
Class: 0-9%
Name: Daniel
Francisco Maté Badenes
City/Country: Wollerau,
Switzerland/CH
No. of shares: 417'468'300
Interest: 6.00%
voting right, 6.00% capital interest
Class: 0-9%
Name: Aristotelis
Mistakidis
City/Country: Walchwil,
Switzerland/CH
No. of shares: 411'730'600
Interest: 5.90%
voting right, 5.90% capital interest
Class: 0-9%
Name: Tor
Peterson
City/Country: Oberägeri,
Switzerland/CH
No. of shares: 366'074'900
Interest: 5.30%
voting right, 5.30% capital interest
Class: 100%
Name: Carbones
de La Jagua
City/Country: La
Jagua, Colombia/CO
Interest: 100.00%
voting right, 100.00% capital interest (since 2005)
Class: 100%
Name: Cobar
Management Pty Limited
City/Country: Cobar,
Australia/AU
Interest: 100.00%
voting right, 100.00% capital interest (since 1999)
Class: 100%
Name: Finges
Investment B.V.
City/Country: Rotterdam,
Netherlands/NL
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Glencobar
AG
City/Country: Baar,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Glencore
AG
City/Country: Baar,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 1978)
Class: 100%
Name: Glencore
(Asia) AG
City/Country: Baar,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 1983)
Class: 100%
Name: Glencore
(Europe) AG
City/Country: Baar,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 1991)
Class: 100%
Name: Glencore
(Far East) AG
City/Country: Baar,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 1975)
Class: 100%
Name: Glencore
Finance AG
City/Country: Baar,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 1991)
Class: 100%
Name: Glencore
Financial Services AG
City/Country: Baar,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 2004)
Class: 100%
Name: Glencore
Gastroservice AG
City/Country: Baar,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 1995)
Class: 100%
Name: Glencore
Grain Trading NV
City/Country: Curaçao,
Netherlands Antilles/AN
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Glencore
Grain UK Ltd
City/Country: Thame,
United Kingdom/GB
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Glencore
Group Funding Limited
City/Country: -,
United Arab Emirates/AE
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Glencore
Investment AG
City/Country: Baar,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 1992)
Class: 100%
Name: Glencore
Minera AG
City/Country: Baar,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 1987)
Class: 100%
Name: Glencore
Mining AG
City/Country: Baar,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 1987)
Class: 100%
Name: Glencore
NV
City/Country: Curaçao,
Netherlands Antilles/AN
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Glencore
Oil Projects AG
City/Country: Baar,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 1991)
Class: 100%
Name: Glencore
Proline AG
City/Country: Baar,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 2005)
Class: 100%
Name: Glencore
Singapore Pte Ltd
City/Country: Singapore,
Singapore/SG
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Glencore
(South East Asia) AG
City/Country: Baar,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 1990)
Class: 100%
Name: Glencore
Trading AG
City/Country: Baar,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 1986)
Class: 100%
Name: Murrin
Murrin Group
City/Country: -,
Australia/AU
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Oleaginosa
Moreno Hermanos SACIFIA
City/Country: Bahia
Blanca, Argentina/AR
Interest: 100.00%
voting right, 100.00% capital interest (since 1997)
Class: 100%
Name: Oleaginosa
Oeste SA
City/Country: Capital
Federal, Argentina/AR
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Pacorini
Group
City/Country: -,
Italy/IT
Interest: 100.00%
voting right, 100.00% capital interest (since 01.09.2010)
Class: 100%
Name: Portovesme
Srl
City/Country: Roma,
Italy/IT
Interest: 100.00%
voting right, 100.00% capital interest (since 1999)
Class: 100%
Name: Poysa
Investments SA
City/Country: Buenos
Aires, Argentina/AR
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: ST
Shipping & Transport Pte Ltd
City/Country: Singapur,
Singapore/SG
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Topley
Corporation
City/Country: Road
Town, British Virgin Islands/VG
Interest: 100.00%
voting right, 100.00% capital interest
Class: 50-99%
Name: Moinho
Agua Branca SA
City/Country: -,
Brazil/BR
Interest: 97.00%
voting right, 97.00% capital interest
Class: 50-99%
Name: Philippine
Associated Smelting and Refining Corporaton
City/Country: Makati
City, Philippines/PH
Interest: 78.20%
voting right, 78.20% capital interest (since 1999)
Class: 50-99%
Name: Katanga
Mining Limited
City/Country: Katanga,
Congo/CG
Interest: 74.40%
voting right, 74.40% capital interest
Class: 50-99%
Name: Minara
Resources Limited
City/Country: Perth,
Australia/AU
Interest: 70.60%
voting right, 70.60% capital interest (since 1996)
Class: 50-99%
Name: Shanduka
Coal (Pty) Ltd
City/Country: -,
South Africa/ZA
Interest: 70.00%
voting right, 70.00% capital interest
Class: 50-99%
Name: Chemoil
Energy Limited
City/Country: Causeway
Bay, Hong Kong/HK
Interest: 51.50%
voting right, 51.50% capital interest (since 01.04.2010)
Class: 50-99%
Name: Kazzinc
JSC
City/Country: Ust-Kamenogorsk,
Kazakhstan/KZ
Interest: 50.70%
voting right, 50.70% capital interest (since 1997)
Class: 30-39%
Name: Renova
SA
City/Country: -,
Argentina/AR
Interest: 33.50%
voting right, 33.50% capital interest
Class: 30-39%
Name: Carbones
del Cerrejon SA
City/Country: Barranquilla,
Colombia/CO
Interest: 33.30%
voting right, 33.30% capital interest (since 1995)
Class: 20-29%
Name: Polymet
Mining Corp
City/Country: -,
Canada/CA
Interest: 24.10%
voting right, 24.10% capital interest
Class: 0-9%
Name: Volcan
Compania Minera SA
City/Country: Lima,
Peru/PE
Interest: 6.90%
voting right, 6.90% capital interest
Control date Year No. Amount CHF Status
01.11.2010 2010 1 1'776'867.-- Legal actions
01.11.2010 2009 1 1'783'417.-- Legal actions
01.11.2010 2008 1 381'640.-- Legal actions
01.11.2010 2007 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.
Financial Situation: The financial situation is very good.
Payment experiences: Payment habits are considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.78 |
|
UK Pound |
1 |
Rs.86.77 |
|
Euro |
1 |
Rs.69.71 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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.