Report Date :

12.08.2014

 

IDENTIFICATION DETAILS

 

Name :

GLENCORE INTERNATIONAL AG

 

 

Registered Office :

Baarermattstrasse 3, Postfach 777, 6340 Baar/ZG

 

 

Country :

Switzerland

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

12.06.1987

 

 

Com. Reg. No.:

170.3.012.738-3 / 341238

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

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.

 

 

No. of Employees :

250-399

 

 

 

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 – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

C2

Very High Risk

 

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 3.0% 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 safe-haven 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 1.9% in 2011 and 0.8% in 2012. 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 is considering 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

 

Company name & address

 

GLENCORE INTERNATIONAL AG

 

Operating address:

Baarermattstrasse 3

Postfach 777

6340 Baar/ZG

Switzerland/CH

 

Telephone:                    041 7092000

Fax:                              041 7093000

Web site:                      http://www.glencorexstrata.com

E-mail:                          info@glencore.com

WIN Worldbox No.:        CH0000029557

VAT-No.:                       CHE106909694

 

 

Profile

 

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

Banks:                          UBS Ltd

                                    CS Credit Suisse

 

 

Operational Figures

 

Coverage:                      Company

Figures:                        approximately

Employees:                   250-399

 

 

Activity

 

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

 

Information on property ownership was not available.

 

 

Company Register

 

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: 22.01.2013

                                    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 (preferred 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 (preferred 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.

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.

11.02.2013                                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.

06.02.2009 28.02.2012               Reports: Die Mitteilungen an die Aktionäre erfolgen an ihre letzte im Aktienbuch

eingetragene Adresse durch einfachen Brief.

 

 

Official Administration

 

Title                                          Name

President                                  Ivan Glasenberg, Origin: Australia, Residential address: Rüschlikon, Switzerland, born: 1956, joint signature of two

Director                                     Andreas Peter Hubmann, Origin: Bichelsee, Switzerland, Residential address: Zug/ZG, Switzerland, joint signature of two, Registered since: 30.01.2004

Director                                     Steven Frank Kalmin, Origin: Australia, Residential address: 8832 Wollerau/SZ, Switzerland, born: 1970, joint signature of two, Registered since: 30.01.2004

 

 

Management

 

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     Andrew Jay Caplan, Origin: United States of America, Residential address: Horgen, Switzerland, joint signature of two, Registered since: 15.05.2013

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     Christopher Robert Eskdale, Origin: United Kingdom, Residential address: Unterägeri, Switzerland, joint signature of two, Registered since: 06.09.2013

Member with signing authority     Michael Georg Fahrbach, Origin: Germany, Residential address: Hennef, Germany, joint signature of two, Registered since: 03.01.2014

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: Zug, 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

 

 

External Positions

 

Title                                          Name

Auditor                                      Deloitte AG, Residential address: Zürich, Switzerland, Registered since: 19.07.1995

 

 

Executive board

 

Title                                          Name

Chief Executive Officer                Ivan Glasenberg

Chief Financial Officer                 Steven Frank Kalmin

 

 

Financial Data Glencore Xstrata Group

 

Consolidation:                     consolidated

Industry:                                Trade/Industry

 

Fiscal year end:                                     31.12.2012        31.12.2011        31.12.2010        31.12.2009        31.12.2008

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                                               2,664.0               210.0

Land and buildings                                                     2,212.0            1,198.0            1,042.0               831.0

Other tangible fixed assets                                     21,026.0          13,441.0          11,046.0            6,014.0

Tangible fixed assets                                              23,238.0          14,639.0          12,088.0            6,845.0

Financial fixed assets                                              20,356.0          24,546.0          23,034.0          20,618.0

other fixed assets                                                        5,220.0            1,039.0               369.0                 88.0

Fixed assets                                                              51,478.0          40,434.0          35,491.0          27,551.0

Stocks                                                                         20,682.0          17,129.0          17,393.0          15,073.0

Trade accounts receivable                                     24,882.0          21,895.0          18,994.0          15,243.0

Liquid assets                                                               2,782.0            1,305.0            1,463.0               860.0

Securities                                                                            38.0                 40.0            6,048.0            6,200.0

other trade accounts                                                   5,440.0            5,065.0               398.0            1,349.0

Accruals                                                                            235.0               297.0

Other current assets                                                   8,495.0            6,707.0            7,909.0            8,409.0

Current assets                                                          54,059.0          45,731.0          44,296.0          38,725.0

Total assets                                                            105,537.0          86,165.0          79,787.0          66,276.0          61,300.0

 

Capital                                                                                  71.0                 69.0                 46.0                 46.0

Other shareholders funds                                      31,195.0          29,196.0          19,567.0          16,640.0

Total shareholders equity                                       31,266.0          29,265.0          19,613.0          16,686.0          15,405.0

Minority interests                                                         3,034.0            3,070.0            2,894.0            1,258.0

long term debt (financial debts)                             19,028.0          19,844.0          18,251.0          16,403.0

Provisions                                                                     1,504.0               953.0               719.0               722.0

Other non current liabilities                                       3,556.0            1,557.0            1,472.0               626.0

Non current liabilities                                               24,088.0          22,354.0          20,442.0          17,751.0

short term debt (financial debts)                           19,886.0          12,989.0          19,947.0          15,829.0

Trade accounts payable                                          23,501.0          18,160.0          16,145.0          11,482.0

Provisions                                                                           62.0                 98.0

other accounts payable                                              3,700.0               229.0               746.0            3,270.0

other current liabilities                                                3,762.0               327.0               746.0            3,270.0

Current liabilities                                                      47,149.0          31,476.0          36,838.0          30,581.0

Shareh. equity, min. interests + liabilities         105,537.0          86,165.0          79,787.0          66,276.0

Profit and loss account

Net sales                                                                 214,436.0        186,152.0        144,978.0        106,364.0

Operating revenue                                                 214,436.0        186,152.0        144,978.0        106,364.0        152,236.0

Cost of goods sold                                                210,435.0        181,938.0        140,467.0        103,133.0

Gross profit                                                                   4,001.0            4,214.0            4,511.0            3,231.0

Other operating expenses                                         2,211.0            1,368.0            1,063.0               839.0

Operating result                                                           1,790.0            2,846.0            3,448.0            2,392.0            5,343.0

Interest revenues                                                            401.0               339.0               281.0               267.0

other financial revenues                                                384.0            2,005.0            1,842.0               162.0

Financial income                                                             785.0            2,344.0            2,123.0               429.0

Interest expenses                                                       1,371.0            1,186.0            1,217.0               854.0

other financial expenses                                               128.0                   0.0                 14.0

Financial expenses                                                    1,499.0            1,186.0            1,231.0               854.0

Financial result                                                              -714.0            1,158.0               892.0              -425.0

Result before extraordinary items                            1,076.0            4,004.0            4,340.0            1,967.0

Extraordinary expenses                                                                                                2,460.0               650.0

Extraordinary Result                                                             0.0                   0.0          -2,460.0              -650.0

Result before taxes                                                     1,076.0            4,004.0            1,880.0            1,317.0

Taxes                                                                                  -76.0              -264.0               234.0               238.0

Result before minority interests                               1,152.0            4,268.0            1,646.0            1,079.0            4,754.0

minority interests                                                             148.0               220.0               355.0                 96.0

Result for the financial year                                       1,004.0            4,048.0            1,291.0               983.0

 

Cash flow

Depreciation                                                                 1,473.0            1,066.0            1,026.0               622.0

Cash flow                                                                      2,625.0            5,334.0            2,672.0            1,701.0

Cash flow from operating activities                         4,381.0              -343.0               111.0           -3,010.0

Investments in tangible fixed assets                       2,970.0            2,606.0            1,657.0            1,088.0

Cash flow from investing activities                         -9,539.0           -3,690.0          -4,755.0           -1,164.0

Cash flow from financing activities                          6,635.0            3,875.0            5,247.0            4,208.0

Change in liquidity                                                      1,477.0              -158.0               603.0                 34.0

Liquidity at beginning of the year                              1,305.0            1,463.0               860.0               826.0

Liquidity at end ot the year                                         2,782.0            1,305.0            1,463.0               860.0

 

Notes

Cost of employees                                                      2,013.0            1,723.0            1,677.0            1,281.0

Added value                                                                  5,933.0            7,979.0            5,800.0            4,074.0

Working Capital                                                        22,063.0          20,864.0          20,242.0          18,834.0

Sales per Employee                                                            3.7                   3.2                   2.5                   1.9

Gross cost land and buildings                                 2,609.0            1,521.0            1,281.0            1,066.0

Gross cost other tangible fixed assets                26,381.0          17,337.0          14,213.0            8,202.0

Gross cost total                                                         28,990.0          18,858.0          15,494.0            9,268.0

 

Employees  at year end                                               58,000             58,000             57,500             55,000             52,000

Employees inland                                                                                         500                  500                  450                  400

Employees abroad                                                                                  57,500             57,000             54,550             51,600

Ultimate Parent Company

 

Name:               Glencore Xstrata plc

City/Country:     St. Helier/Jersey, United Kingdom/GB

 

 

Owner/-s

 

No. of Owner/-s: 1

Owner:                          The company is foreign owned.

Class:                           100%

Type:                            direct, Group-Level 1

Name:                           Glencore Xstrata plc

City/Country:                 St. Helier/Jersey, United Kingdom/GB

Interest:                        100,00% voting right, 100,00% capital interest (since 14.12.2011)

 

 

Investments

 

Class:                           100%

Name:                           CARBONES DE LA JAGUA SA

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/ZG, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                           100%

Name:                           Glencore AG

City/Country:                 Baar/ZG, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 1978)

 

Class:                           100%

Name:                           Glencore (Asia) AG

City/Country:                 Baar/ZG, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 1983)

           

Class:                           100%

Name:                           Glencore (Europe) AG

City/Country:                 Baar/ZG, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 1991)

 

Class:                           100%

Name:                           Glencore (Far East) AG

City/Country:                 Baar/ZG, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 1975)

 

Class:                           100%

Name:                           Glencore Finance AG

City/Country:                 Baar/ZG, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 1991)

 

Class:                           100%

Name:                           Glencore Financial Services AG

City/Country:                 Baar/ZG, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 2004)

 

Class:                           100%

Name:                           Glencore Gastroservice AG

City/Country:                 Baar/ZG, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 1995)

 

Class:                           100%

Name:                           Glencore Grain UK Ltd

City/Country:                 Brechin/Angus, 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/ZG, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 1992)

 

Class:                           100%

Name:                           Glencore Ltd.

City/Country:                 Stamford/Connecticut, United States of America/US

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                           100%

Name:                           Glencore Minera AG

City/Country:                 Baar/ZG, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 1987)

 

Class:                           100%

Name:                           Glencore Mining AG

City/Country:                 Baar/ZG, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 1987)

 

Class:                           100%

Name:                           Glencore Oil Projects AG

City/Country:                 Baar/ZG, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 1991)

 

Class:                           100%

Name:                           Glencore Proline AG

City/Country:                 Baar/ZG, 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/ZG, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 1990)

 

Class:                           100%

Name:                           Glencore Trading AG

City/Country:                 Baar/ZG, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 1986)

           

Class:                           100%

Name:                           MINARA RESOURCES PTY LTD

City/Country:                 Perth/Western Australia, Australia/AU

Interest:                        100,00% voting right, 100,00% capital interest (since 1996)

 

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/Buenos Aires, Argentina/AR

Interest:                        100,00% voting right, 100,00% capital interest (since 1997)

 

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:                           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:                           100%

Name:                           Viterra Inc.

City/Country:                 Regina, Canada/CA

Interest:                        100,00% voting right, 100,00% capital interest (since 17.12.2012)

 

Class:                           50-100%

Name:                           BIOPETROL Finance BV

City/Country:                 Rotterdam, Netherlands/NL

 

Class:                           50-100%

Name:                           BIOPETROL MARKETING B.V.

City/Country:                 Rotterdam, Netherlands/NL

 

Class:                           50-100%

Name:                           BIOPETROL PERNIS B.V.

City/Country:                 Vondelingenplaat/Rotterdam, Netherlands/NL

 

Class:                           50-100%

Name:                           BIOPETROL Rostock GmbH

City/Country:                 Schwarzheide, Germany/DE

 

Class:                           50-100%

Name:                           BIOPETROL Rotterdam BV

City/Country:                 Rotterdam, Netherlands/NL

 

Class:                           50-100%

Name:                           BIOPETROL Schwarzheide GmbH

City/Country:                 Schwarzheide, Germany/DE

 

Class:                           50-100%

Name:                           BIOPETROL THE NETHERLANDS B.V.

City/Country:                 Botlek/Rotterdam, Netherlands/NL

 

Class:                           50-100%

Name:                           Moinho Água Branca S.A.

City/Country:                 Sao Paulo/SP, Brazil/BR

Interest:                        97,00% voting right, 97,00% capital interest

 

Class:                           50-100%

Name:                           Chemoil Energy Limited

City/Country:                 Causeway Bay, Hong Kong/HK

Interest:                        89,20% voting right, 89,20% capital interest (since 01.04.2010)

 

Class:                           50-100%

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:                           50-100%

Name:                           Katanga Mining Limited

City/Country:                 Katanga, Congo/CG

Interest:                        75,20% voting right, 75,20% capital interest

 

Class:                           50-100%

Name:                           Kazzinc JSC

City/Country:                 Ust-Kamenogorsk, Kazakhstan/KZ

Interest:                        69,90% voting right, 69,90% capital interest (since 1997)

           

Class:                           40-49%

Name:                           Shanduka Coal (Pty) Ltd

City/Country:                 -, South Africa/ZA

Interest:                        49,90% voting right, 49,90% capital interest

 

Class:                           30-39%

Name:                           Carbones del Cerrejón Limited

City/Country:                 Anguilla/AI

Interest:                        33,33% voting right, 33,33% capital interest

 

Class:                           30-39%

Name:                           Renova SA

City/Country:     -,          Argentina/AR

Interest:                        33,30% voting right, 33,30% capital interest

 

Class:                           20-29%

Name:                           Polymet Mining Corp

City/Country:                 -, Canada/CA

Interest:                        25,70% voting right, 25,70% capital interest

 

Class:                           0-9%

Name:                           Volcan Compania Minera SA

City/Country:                 Lima, Peru/PE

Interest:                        7,30% voting right, 7,30% capital interest

Legal Actions

 

Control date       Year     No.       Amount CHF     Status

14.06.2013        2013     1          946,734,578.--   Opposition filed

14.06.2013        2012     0

14.06.2013        2011     1          96,297,600.--     Opposition filed

14.06.2013        2010     1          1,776,867.--       Legal actions

14.06.2013        2009     1          1,783,417.--       Legal actions

14.06.2013        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.

 

 

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 very good.

 

Payment experiences:    Payment habits are considered good.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.12

UK Pound

1

Rs.102.54

Euro

1

Rs.81.87

 

 

INFORMATION DETAILS

 

Report Prepared by :

TPT

 

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.