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Report No. : |
298731 |
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Report Date : |
14.12.2014 |
IDENTIFICATION DETAILS
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Name : |
GLENCORE INTERNATIONAL AG |
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Registered Office : |
Baarermattstrasse 3, 6340 Baar/ZG |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
1974 |
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Com. Reg. No.: |
170.3.012.738-3 / 341238 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is engaged in Financial services, Quarrying and
raw material processing, Trade brokers |
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No of Employees : |
250-399 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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 began to recover in 2010. 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 below 2% per year during 2011-13. 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
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 SA (Name translated)
active Glencore
International 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
02.12.2002 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.--
02.12.2002 23.05.2011 150,000 Registered shares with restricted
transferability of CHF 500.--
Entry Deleted Activity
28.02.2012 Trade
in commodities of all kinds and other goods for its own account and inland and
abroad; full objectives according to the statutes.
Entry Deleted Remarks
active Publishing
authority: SHAB - Swiss Gazette
active Merger:
Takeover of the assets and liabilities of the "Clarendon Holding AG",
in Zug, as per balance sheet by 30.06.1993 in accordance with Article 748 OR.
The acquiring company owns all the shares of the acquired company.
active Merger:
Acquisition of the assets and liabilities of "Alromi Invest AG", in
train, as per balance sheet by 31.12.1993 in accordance with Article 748 OR.
The acquiring company owns all the shares of the acquired company.
28.02.2012 Reports:
The notices to shareholders is made to their last registered in the share
register address by ordinary letter or by publication in the SHAB .
23.05.2011 Capital:
Ordinary Capital subsequently to the merger by the conversion of freely
disposable equity.
23.05.2011 Merger:
Acquisition of the assets and liabilities of Glencore LTE AG, in Baar
(CH-170.3.025.934-0), pursuant to the merger agreement dated 20.05.2011 and
balance sheet as of 31/12/2010. Assets of CHF 12'595'269.42 - including the
shares of the acquiring company - and liabilities (liabilities) of CHF
11'200'087.36 are transferred to the acquiring company. Since the shareholders
of the subject company are acquired through the merger the own shares of the
acquiring company, neither a capital nor an allotment of shares in the merger
will take place.
23.05.2011 Merger:
Acquisition of the assets and liabilities of Glencore Holding AG, in Baar
(CH-170.3.018.775-9) pursuant to the merger agreement dated 20.05.2011 and
balance sheet as of 31/12/2010. Assets of CHF 65'617'445.00 - which
included shares of the acquiring company
- and liabilities (liabilities) of CHF 58'912'667.06 are transferred to the
acquiring company. Since the shareholders of the subject company are acquired
through the merger the own shares of the acquiring company, neither a capital
nor an allotment of shares in the merger will take place.
06.02.2009 Shares:
The transfer of registered shares is restricted in accordance with the
statutes.
18.04.2007 Merger:
Acquisition of the assets and liabilities of Stafford AG, in
Zug(CH-170.3.019.748-5), pursuant to the merger agreement dated 30.03.2007 and
balance sheet as at 30.03.2007. Assets of CHF 9'109'856 .00 and liabilities
(liabilities) of CHF 7'751'481 .00 shall be transferred to the acquiring
company. As the acquiring company holds all the shares of the transferor
company, there is neither a capital increase or take an allotment of shares.
04.10.2004 Merger:
Cross-border takeover of the assets and the liabilities of "Glencore ORA
SA", in Paris (FR), (B 314 842 196), Limited company registered under the
laws of the State of France, pursuant to the merger agreement dated 17.08.2004
and the balance sheet as at 30.06.2004. Assets of CHF 210'882'000.00 and debt
of CHF 9'000.00 shall be transferred to the acquiring company. As the acquiring
company holds all the shares of the transferor company, neither a capital
increase or an allotment of shares has taken place.
17.01.2002 Merger:
Taking over the assets of CHF 40'984'000 .00 and liabilities of CHF 804'000 .00
of "Glencore Grain Holding AG" in Baar, according to balance sheet as
at 30.11.2001 and the merger agreement dated 24.12.2001 in accordance with
Article 748 OR. Since the acquiring company owns all the shares of the acquired
company, no capital increase takes place.
Title Name
President Ivan
Glasenberg, Origin: Australia, Residential address: Rüschlikon, Switzerland,
born: 1956, joint signature of two
Director Andreas
Peter Hubmann, Origin: Bichelsee-Balterswil, 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 Kenneth George
Klassen, Origin: Canada, Residential address: Risch, Switzerland, joint
signature of two, Registered since: 17.05.2013
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 Cyril Jean
Reol, Origin: France, Residential address: Risch, Switzerland, joint signature
of two, Registered since: 19.02.2014
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
Member
with signing authority Alicia
Rosemary Wright, Origin: South Africa, Residential address: Feusisberg,
Switzerland, joint signature of two
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: 31.12.2013 31.12.2012 31.12.2011 31.12.2010 31.12.2009
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
Balance Sheet
Intangible fixed
assets 9,053.0 2,664.0 210.0
Land and buildings 4,753.0 2,212.0 1,198.0 1,042.0 831.0
Other tangible
fixed assets 62,754.0 21,026.0 13,441.0 11,046.0 6,014.0
Tangible fixed
assets 67,507.0 23,238.0 14,639.0 12,088.0 6,845.0
Financial fixed
assets 13,630.0 20,356.0 24,546.0 23,034.0 20,618.0
other fixed assets 6,200.0 5,220.0 1,039.0 369.0 88.0
Fixed assets 96,390.0 51,478.0 40,434.0 35,491.0 27,551.0
Stocks 22,753.0 20,682.0 17,129.0 17,393.0 15,073.0
Trade accounts
receivable 24,536.0 24,882.0 21,895.0 18,994.0 15,243.0
Liquid assets 2,849.0 2,782.0 1,305.0 1,463.0 860.0
Securities 2,940.0 38.0 40.0 6,048.0 6,200.0
other trade
accounts 5,464.0 5,440.0 5,065.0 398.0 1,349.0
Accruals 235.0 297.0
Other current
assets 11,253.0 8,495.0 6,707.0 7,909.0 8,409.0
Current assets 58,542.0 54,059.0 45,731.0 44,296.0 38,725.0
Total assets 154,932.0 105,537.0 86,165.0 79,787.0 66,276.0
Capital 133.0 71.0 69.0 46.0 46.0
Other shareholders
funds 49,824.0 31,195.0 29,196.0 19,567.0 16,640.0
Total shareholders
equity 49,957.0 31,266.0 29,265.0 19,613.0 16,686.0
Minority interests 3,192.0 3,034.0 3,070.0 2,894.0 1,258.0
long term debt
(financial debts) 38,724.0 19,028.0 19,844.0 18,251.0 16,403.0
Provisions 8,083.0 1,504.0 953.0 719.0 722.0
Other non current
liabilities 8,934.0 3,556.0 1,557.0 1,472.0 626.0
Non current
liabilities 55,741.0 24,088.0 22,354.0 20,442.0 17,751.0
short term debt
(financial debts) 16,461.0 19,886.0 12,989.0 19,947.0 15,829.0
Trade accounts
payable 26,041.0 23,501.0 18,160.0 16,145.0 11,482.0
Provisions 264.0 62.0 98.0
other accounts
payable 3,276.0 3,700.0 229.0 746.0 3,270.0
other current
liabilities 3,540.0 3,762.0 327.0 746.0 3,270.0
Current
liabilities 46,042.0 47,149.0 31,476.0 36,838.0 30,581.0
Shareh. equity,
min. interests + liabilities 154,932.0 105,537.0 86,165.0 79,787.0 66,276.0
Profit and loss
account
Sales 232,694.0
Net sales 232,694.0 214,436.0 186,152.0 144,978.0 106,364.0
Other operating
revenue 1,012.0
Operating revenue 233,706.0 214,436.0 186,152.0 144,978.0 106,364.0
Cost of goods sold 227,145.0 210,435.0 181,938.0 140,467.0 103,133.0
Gross profit 6,561.0 4,001.0 4,214.0 4,511.0 3,231.0
Other operating
expenses 11,782.0 2,211.0 1,368.0 1,063.0 839.0
Operating result -5,221.0 1,790.0 2,846.0 3,448.0 2,392.0
Interest revenues 393.0 401.0 339.0 281.0 267.0
other financial
revenues 39.0 384.0 2,005.0 1,842.0 162.0
Financial income 432.0 785.0 2,344.0 2,123.0 429.0
Interest expenses 1,781.0 1,371.0 1,186.0 1,217.0 854.0
other financial
expenses 1,576.0 128.0 0.0 14.0
Financial expenses 3,357.0 1,499.0 1,186.0 1,231.0 854.0
Financial result -2,925.0 -714.0 1,158.0 892.0 -425.0
Result before
extraordinary items -8,146.0 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 -8,146.0 1,076.0 4,004.0 1,880.0 1,317.0
Taxes 254.0 -76.0 -264.0 234.0 238.0
Result before
minority interests -8,400.0 1,152.0 4,268.0 1,646.0 1,079.0
minority interests 62.0 148.0 220.0 355.0 96.0
Result for the
financial year -8,462.0 1,004.0 4,048.0 1,291.0 983.0
Cash flow
Depreciation 4,049.0 1,473.0 1,066.0 1,026.0 622.0
Cash flow -4,351.0 2,625.0 5,334.0 2,672.0 1,701.0
Cash flow from
operating activities 9,184.0 4,381.0 -343.0 111.0 -3,010.0
Investments in
tangible fixed assets 8,390.0 2,970.0 2,606.0 1,657.0 1,088.0
Cash flow from
investing activities -6,695.0 -9,539.0 -3,690.0 -4,755.0 -1,164.0
Cash flow from financing
activities -2,422.0 6,635.0 3,875.0 5,247.0 4,208.0
Change in
liquidity 67.0 1,477.0 -158.0 603.0 34.0
Liquidity at
beginning of the year 2,782.0 1,305.0 1,463.0 860.0 826.0
Liquidity at end
ot the year 2,849.0 2,782.0 1,305.0 1,463.0 860.0
Notes
Cost of employees 5,012.0 2,013.0 1,723.0 1,677.0 1,281.0
Added value 2,696.0 5,933.0 7,979.0 5,800.0 4,074.0
Working Capital 21,248.0 22,063.0 20,864.0 20,242.0 18,834.0
Sales per Employee 2.1 3.7 3.2 2.5 1.9
Gross cost land
and buildings 5,295.0 2,609.0 1,521.0 1,281.0 1,066.0
Gross cost other
tangible fixed assets 71,694.0 26,381.0 17,337.0 14,213.0 8,202.0
Gross cost total 76,989.0 28,990.0 18,858.0 15,494.0 9,268.0
Employees at year end 110,378 58,000 58,000 57,500 55,000
Employees inland 500 500 450
Employees abroad 57,500 57,000 54,550
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)
Name: African Carbon
Producers Pty Limited
City/Country: Rustenberg, South Africa/ZA
Name: African Fine Carbon
Pty Limited
City/Country: Rustenberg, South Africa/ZA
Name: AR Zinc Group
City/Country: Rosario, Argentina/AR
Name: Asturiana de Zinc SL
City/Country: Castrillon, Spain/ES
Name: Britannia Refined
Metals Ltd
City/Country: Gravesend/Kent, United
Kingdom/GB
Name: Bulga Joint Venture
City/Country: Australia/AU
Name: Char Technology (Pty)
Ltd
City/Country: Rustenburg, South Africa/ZA
Name: Compania Minera
Antapaccay S.A.
City/Country: Peru/PE
Name: Compania Minera
Xstrata Lomas Bayas
City/Country: Santiago, Chile/CL
Name: Cook Resource Mining
Pty Ltd
City/Country: Sydney/New South Wales,
Australia/AU
Name: Correcta Industria e
Comercio Ltdo
City/Country: Brazil/BR
Name: Cumnock Joint Venture
City/Country: Australia/AU
Name: Cumnock No 1 Colliery
Pty Limited
City/Country: Sydney/New South Wales,
Australia/AU
Name: Donkin Joint Venture
City/Country: Australia/AU
Name: Eland Platinum
Holdings Ltd
City/Country: -, South Africa/ZA
Name: Empresa Minera Los Quenuales
SA
City/Country: Lima, Peru/PE
Name: Enex Foydell Limited
City/Country: Sydney/New South Wales,
Australia/AU
Name: Enex Liddell Pty
Limited
City/Country: Sydney, Australia/AU
Name: Enex Oakbridge Pty
Limited
City/Country: Sydney, Australia/AU
Name: ENEX TOGARA PTY
LIMITED
City/Country: Sydney/New South Wales,
Australia/AU
Name: Ernest Henry Mining
Pty Ltd
City/Country: Brisbane/Queensland,
Australia/AU
Name: Falconbridge
Dominicana C por A
City/Country: Santo Domingo, Dominican
Republic/DO
Name: Foybrook Joint Venture
City/Country: Australia/AU
Name: Glencane Bioenergia
S.A.
City/Country: Brasília, Brazil/BR
Name: GLENCORE CANADA CORP
City/Country: Canada/CA
Name: Glencore Canada
Financial Corp
City/Country: Canada/CA
Name: GLENCORE COAL
QUEENSLAND PTY LIMITED
City/Country: Sydney/New South Wales,
Australia/AU
Name: Glencore Commodities
Ltd
City/Country: London, United Kingdom/GB
Name: Glencore Exploration
(EG) Ltd
City/Country: Hamilton, Bermuda/BM
Name: Glencore Finance
(Bermuda) Limited
City/Country: Hamilton, Bermuda/BM
Name: Glencore Finance
(Europe) SA
City/Country: Luxemburg, Luxembourg/LU
Name: Glencore Grain BV
City/Country: Rotterdam, Netherlands/NL
Name: Glencore Nikkelverk AS
City/Country: Norway/NO
Name: Glencore Projects Pty
Limited
City/Country: Australia/AU
Name: Glencore Queensland
Limited
City/Country: Australia/AU
Name: Glencore Recycling
Inc.
City/Country: United States of America/US
Name: GLENCORE UK LTD.
City/Country: United Kingdom/GB
Name: Goedgevonden Joint
Venture
City/Country: South Africa/ZA
Name: Jonsha Pty Limited
City/Country: Sydney, Australia/AU
Name: Macquarie Coal Joint
Venture
City/Country: Australia/AU
Name: Mangoola Coal
Operations Pty Limited
City/Country: Australia/AU
Name: McArthur River Mining
Pty Ltd
City/Country: Sydney, Australia/AU
Name: Minera Altos de
Punitaqui
City/Country: Chile, Chile/CL
Name: Mopani Copper Mines
Plc
City/Country: Mufulira, Zambia/ZM
Name: Mount Isa Mines
Limited
City/Country: Brisbane/Queensland,
Australia/AU
Name: Mutanda Group
City/Country: Kinshasa, Democratic Republic of
Congo/CD
Name: Newlands,
Collinsville, Abbot Point Joint Venture
City/Country: Australia/AU
Name: Oaky Creek Coal Joint
Venture
City/Country: Australia/AU
Name: Oceanic Coal Australia
Limited
City/Country: Sydney, Australia/AU
Name: Optimum Coal Holdings
Limited
City/Country: -, South Africa/ZA
Name: Pannon Vegetable Oil
Manufacturing
City/Country: -, Hungary/HU
Name: Perkoa Group
City/Country: -, Burkina Faso/BF
Name: Ploutos Australia Pty
Limited
City/Country: Sydney, Australia/AU
Name: Ravensworth Operations
Pty Limited
City/Country: Sydney, Australia/AU
Name: Ravensworth
Underground Mine Joint Venture
City/Country: Australia/AU
Name: Rolleston Joint
Venture
City/Country: Australia/AU
Name: Sable Zinc Kabwe Ltd
City/Country: -, Zambia/ZM
Name: Sagittarius Mines Inc
City/Country: -, Philippines/PH
Name: Sinchi Wayra SA
City/Country: La Paz, Bolivia/BO
Name: Sphere Minerals
Limited
City/Country: -, Australia/AU
Name: Tavistock Collieries
(Pty) Limited
City/Country: Witbank, South Africa/ZA
Name: Ulan Coal Mines
Limited
City/Country: Sydney, Australia/AU
Name: Ulan Power Company Pty
Limited
City/Country: Sydney, Australia/AU
Name: UNITED COLLIERIES PTY
LTD
City/Country: Sydney/New South Wales,
Australia/AU
Name: Usti Oilseed Group
City/Country: -, Czech/CZ
Name: Vasilkovskoje Gold
City/Country: Astana, Kazakhstan/KZ
Name: Wandoan Joint Venture
City/Country: Australia/AU
Name: Xstrata Copper Chile
SA
City/Country: Santiago, Chile/CL
Name: XSTRATA LIMITED
City/Country: London, United Kingdom/GB
Name: Xstrata Zink GmbH
City/Country: Nordenham, Germany/DE
Name: Zaklady Tluszczowe w
Bodaczowie
City/Country: -, Poland/PL
Class: 100%
Name: BIOPETROL Rotterdam BV
City/Country: Rotterdam, Netherlands/NL
Interest: 100,00% voting right,
100,00% capital interest
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 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
Balance sheet publication:
The subject company does not publish balance sheet or turnover figures.
Control date Year No. Amount CHF Status
03.06.2014 2014 0
03.06.2014 2013 0
21.02.2014 2012 0
21.02.2014 2011 1 96,297,600.-- Opposition filed
21.02.2014 2010 1 1,776,867.-- Legal actions
21.02.2014 2009 1 1,783,417.-- Legal actions
14.06.2013 2012 1 946,734,578.-- Opposition filed
14.06.2013 2008 1 381,640.-- Legal actions
01.11.2010 2007 0
Official bankruptcy reports:
No bankruptcy publications available on the
subject.
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.61.95 |
|
|
1 |
Rs.97.16 |
|
Euro |
1 |
Rs.76.75 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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.