|
Report Date : |
17.06.2014 |
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 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
No complaints |
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|
|
|
Litigation : |
Exist |
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 |
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
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
Coverage: Company
Figures: approximately
Employees: 250-399
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.
Information on property ownership was not available.
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.
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
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
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: 31.12.2012 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
Name: Glencore
Xstrata plc
City/Country: St.
Helier/Jersey, United Kingdom/GB
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)
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
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.
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.60.00 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.81.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.