|
Report No. : |
306595 |
|
Report Date : |
06.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAMANCOR AG |
|
|
|
|
Registered Office : |
Jöchlerweg 2 6340 Baar/ZG |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
30.06.2013 (Consolidated) |
|
|
|
|
Date of Incorporation : |
03.09.1979 |
|
|
|
|
Com. Reg. No.: |
170.3.012.805-1 / 57433 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Engaged in trading of commodities, metals and petroleum, especially for the Manganese Alloy Plant, a division of Samancor Manganese South Africa. |
|
|
|
|
No. of Employees |
12 |
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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
The UAE has an open economy with a high per capita income and a sizable annual trade surplus. Successful efforts at economic diversification have reduced the portion of GDP based on oil and gas output to 25%. Since the discovery of oil in the UAE more than 30 years ago, the country has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living. The government has increased spending on job creation and infrastructure expansion and is opening up utilities to greater private sector involvement. In April 2004, the UAE signed a Trade and Investment Framework Agreement with Washington and in November 2004 agreed to undertake negotiations toward a Free Trade Agreement with the US; however, those talks have not moved forward. The country's Free Trade Zones - offering 100% foreign ownership and zero taxes - are helping to attract foreign investors. The global financial crisis, tight international credit, and deflated asset prices constricted the economy in 2009. UAE authorities tried to blunt the crisis by increasing spending and boosting liquidity in the banking sector. The crisis hit Dubai hardest, as it was heavily exposed to depressed real estate prices. Dubai lacked sufficient cash to meet its debt obligations, prompting global concern about its solvency. The UAE Central Bank and Abu Dhabi-based banks bought the largest shares. In December 2009 Dubai received an additional $10 billion loan from the emirate of Abu Dhabi. Dependence on oil, a large expatriate workforce, and growing inflation pressures are significant long-term challenges. The UAE's strategic plan for the next few years focuses on diversification and creating more opportunities for nationals through improved education and increased private sector employment
|
Source
: CIA |
SAMANCOR AG
Jöchlerweg 2
6340 Baar/ZG
Switzerland/CH
Telephone: 041
7668080
Fax: 041
7668088
Web
site: http://www.bhpbilliton.com
VAT-No.: CHE106142998
Established: 1987
Line
of Business: Trade brokers
Industry
Division: Wholesale trade
Industry-code (NACE): 4612 Agents involved in the sale of fuels, ores,
metals and industrial chemicals
Import/Export: Agency
Banks: CS Credit Suisse
Coverage: Company
Employees: 12
The business activities includes trading in commodities, metals and petroleum, especially for the Manganese alloy plant, a division of Samancor Manganese South Africa. Products: Manganese alloys including high-carbon ferromanganese, refined (medium-carbon ferromanganese) alloy.
Real Estate: The
company does not appear to own any property.
Company
No: 170.3.012.805-1 / 57433
Legal
form: Company limited by
shares
Registration: 03.09.1979
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug (since 03.07.1987)
History: Date of Statutes:
30.06.1994
Date of
Statutes: 12.11.2013
Date of
Statutes: 11.03.2010
Date of
Statutes: 04.09.2006
Date of
Statutes: 14.11.2002
Date of
Statutes: 14.06.2001
Date of
Statutes: 29.01.2001
Date of
Statutes: 20.04.2000
Date of
Statutes: 06.06.1995
Entry Deleted Name
25.04.2000 Samancor
AG
25.04.2000 Ferroalloys Handels AG
25.04.2000 Ferroalloys Commerce SA (Name translated)
25.04.2000 Ferroalloys Trading Ltd (Name translated)
Entry Deleted Legal domicile
30.01.2001 Baar,
Switzerland
30.01.2001 Zug, Switzerland
Entry Deleted Address
30.01.2001 Jöchlerweg
2, 6340 Baar/ZG, Switzerland/CH
19.01.1998 Baarerstrasse 94, 6300 Zug/ZG, Switzerland/CH
19.01.1998 30.01.2001 Grafenauweg 6, 6301 Zug/ZG, Switzerland/CH
Entry Deleted Capital
12.03.2010 Share
Capital CHF 33,300,000, paidup CHF 33,300,000
16.06.1995 Share Capital CHF 14,600,000, paidup CHF
14,600,000
16.06.1995 12.03.2010 Share Capital CHF 15,300,000, paidup CHF
15,300,000
Entry Deleted Capital Structure
14.11.2013 33,300
Registered shares with restricted transferability of CHF 1,000.--
16.06.1995 14,600 Bearer shares of CHF 1,000.--
12.03.2010 14.11.2013 19,980 Registered shares with restricted
transferability of CHF 1,000.--
12.03.2010 14.11.2013 13,320 Registered shares (preferred shares) of
CHF 1,000.--
18.06.2001 12.03.2010 9,180 Registered shares with restricted
transferability of CHF 1,000.--
18.06.2001 12.03.2010 6,120 Registered shares (preferred shares) of
CHF 1,000.--
16.06.1995 18.06.2001 15,300 Bearer shares of CHF 1,000.--
Title Name
President Hans Wille,
Origin: Zürich, La Sagne, Switzerland, Residential address: Zollikon/ZH,
Switzerland, born: 05.07.1947, joint signature of two
Chief
Executive Terence
George Malcolm Briant, Origin: United Kingdom, Residential address: Zug/ZG,
Switzerland, joint signature of two
Director Arnoud
Jonathan Balhuizen, Origin: Netherlands, Residential address: Houston, United
States of America, joint signature of two, Registered since: 05.06.2013
Director Peter
Healy, Finnimore, Origin: Australia, Residential address: Singapur, Singapore,
joint signature of two, Registered since: 05.06.2013
Director Pieter Le
Roux, Origin: South Africa, Residential address: Singapur, Singapore, joint
signature of two, Registered since: 24.08.2011
Director Rolf
Müller, Origin: Hünenberg, Switzerland, Residential address: Zug, Switzerland,
joint signature of two
Director Martin
Andreas Scherer, Origin: Wohlen AG, Switzerland, Residential address: Thalwil,
Switzerland, joint signature of two
Title Name
General
Director Rolf
Müller, Origin: Hünenberg, Switzerland, Residential address: Zug, Switzerland,
joint signature of two
Member
with signing authority Sara Christina
Schuler, Origin: Schwyz, Switzerland, Residential address: Brunnen,
Switzerland, joint signature of two, Registered since: 14.11.2011
Title Name
Auditor KPMG AG,
Residential address: Zug, Switzerland, Id: CH-170.9.000.370-3
Title Name
Chief
Executive Officer Rolf
Müller
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 30.06.2013 30.06.2012 30.06.2011 30.06.2010 30.06.2009
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Intangible fixed
assets 5,226.0 5,112.0 1,456.0 687.0 661.0
Land and buildings 27,669.0 18,148.0
Other tangible
fixed assets 67,578.0 49,797.0
Tangible fixed
assets 102,927.0 95,247.0 67,945.0 55,576.0 49,032.0
Financial fixed
assets 1,698.0 1,881.0 1,602.0 2,143.0 1,211.0
other fixed assets 8,472.0 6,582.0 6,637.0 5,312.0 5,380.0
Fixed assets 118,323.0 108,822.0 77,640.0 63,718.0 56,284.0
Stocks 5,822.0 6,233.0 6,154.0 5,334.0 4,821.0
Trade accounts
receivable 6,728.0 4,723.0 6,068.0
Liquid assets 6,060.0 4,781.0 10,084.0 12,456.0 10,833.0
other trade
accounts 4,714.0 2,974.0
Accruals 1,176.0
Other current
assets 7,236.0 9,495.0 13,058.0
Current assets 19,786.0 20,451.0 25,280.0 25,134.0 22,486.0
Total assets 138,109.0 129,273.0 102,920.0 88,852.0 78,770.0
Capital 2,255.0 2,255.0 2,253.0
Other shareholders
funds 68,409.0 63,615.0 54,509.0
Total shareholders
equity 70,664.0 65,870.0 56,762.0 48,525.0 39,954.0
Minority interests 1,371.0 1,215.0 993.0 804.0 757.0
long term debt (financial
debts) 29,862.0 24,799.0 12,388.0 13,396.0 15,147.0
Provisions 8,237.0 8,914.0 9,293.0 7,433.0 7,032.0
Other non current
liabilities 7,603.0 6,441.0 3,746.0 5,652.0 4,030.0
Non current
liabilities 45,702.0 40,154.0 25,427.0 26,481.0 26,209.0
short term debt
(financial debts) 5,303.0 3,531.0 3,519.0
Trade accounts
payable 10,881.0 8,727.0 6,667.0
Provisions 2,395.0 2,784.0 2,256.0
other accounts
payable 1,793.0 6,992.0 7,296.0
other current
liabilities 4,188.0 9,776.0 9,552.0
Current
liabilities 20,372.0 22,034.0 19,738.0 13,042.0 11,850.0
Shareh. equity,
min. interests + liabilities 138,109.0 129,273.0 102,920.0 88,852.0 78,770.0
Sales 65,968.0 72,226.0 71,739.0
Net sales 65,968.0 72,226.0 71,739.0 52,798.0 50,211.0
Other operating
revenue 4,130.0 906.0 531.0
Operating revenue 70,098.0 73,132.0 72,270.0
Cost of goods sold 50,873.0 8,483.0 8,148.0
Gross profit 19,225.0 64,649.0 64,122.0
Other operating
expenses 41,252.0 31,232.0
Operating result 19,225.0 23,397.0 32,890.0 20,129.0 11,874.0
Interest revenues 169.0 122.0 141.0
other financial
revenues 458.0 104.0
Financial income 169.0 580.0 245.0
Interest expenses 1,522.0 404.0 234.0
other financial
expenses 842.0 1,737.0
Financial expenses 1,522.0 1,246.0 1,971.0
Financial result -1,353.0 -666.0 -1,726.0
Result before
extraordinary items 17,872.0 22,731.0 31,164.0
Extraordinary
expenses 1,156.0
Extraordinary
Result -1,156.0 0.0 0.0
Result before
taxes 16,716.0 22,731.0 31,164.0
Taxes 5,641.0 7,490.0 7,309.0
Result before
minority interests 11,075.0 15,241.0 23,855.0
minority interests 199.0 117.0 284.0
Result for the
financial year 10,876.0 15,124.0 23,571.0 12,722.0 5,877.0
Depreciation 6,408.0 5,039.0
Cash flow 21,649.0 28,894.0
Cash flow from
operating activities 24,384.0 30,080.0
Investments in
tangible fixed assets 18,385.0 11,147.0
Cash flow from
investing activities -32,036.0 -16,464.0
Cash flow from
financing activities 2,509.0 -16,018.0
Others -56.0 27.0
Change in
liquidity -5,199.0 -2,375.0
Liquidity at
beginning of the year 10,080.0 12,455.0
Liquidity at end
ot the year 4,881.0 10,080.0
Cost of employees 6,663.0 5,299.0
Research and
Development 75.0 74.0
Added value 36,206.0 41,736.0
Working Capital 2,229.0 5,555.0
Sales per Employee 0.6
Gross cost land
and buildings 30,465.0 20,422.0
Gross cost other
tangible fixed assets 105,368.0 81,546.0
Gross cost total 135,833.0 101,968.0
Employees at year end 125,000
Name: BHP Billiton Limited
City/Country: Melbourne, Australia/AU
No.
of Owner/-s: 2
Owner: The company is foreign
owned.
Class: 50-100%
Type: indirect, Group-Level
1
Name: BHP Billiton Limited
City/Country: Melbourne, Australia/AU
Interest: 60,00% voting right, 60,00%
capital interest
Class: 40-49%
Type: indirect, Group-Level
1
Name: Anglo American Plc
City/Country: London, United Kingdom/GB
Interest: 40,00% voting right,
40,00% capital interest
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
18.07.2012 2012 0
18.07.2012 2011 0
18.07.2012 2010 0
18.07.2012 2009 0
18.07.2012 2008 0
12.05.2009 2007 0
18.11.2002 2002 0
18.11.2002 2001 0
18.11.2002 2000 0
An updated legal action check is only
available against proof of interest. e.g. a copy of an enquiry letter, and
order or invoice relating to the subject company.
Financial
Statements: The company does not
disclose any financial statements. Third parties are not permitted any insight
into the financial affairs. It is therefore difficult to make a proper
assessment of the actual situation.
Financial
Situation: The financial situation
is in order.
Payment
experiences: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
|
|
1 |
Rs.94.07 |
|
Euro |
1 |
Rs.70.19 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.