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Report No. : |
330013 |
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Report Date : |
02.07.2015 |
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 : |
12.06.1987 |
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Com. Reg. No.: |
170.3.012.738-3 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Providing 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 |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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
Surrounded by South Africa, aside from a short border with Mozambique, Swaziland depends heavily on South Africa from which it receives more than 90% of its imports and to which it sends 60% of its exports. Swaziland's currency is pegged to the South African rand, effectively subsuming Swaziland's monetary policy to South Africa. The government is heavily dependent on customs duties from the Southern African Customs Union (SACU), and worker remittances from South Africa supplement domestically earned income. Swaziland’s GDP per capita makes it a lower middle income country but its income distribution is highly skewed, with an estimated 20% of the population controlling 80% of the nation’s wealth. Subsistence agriculture employs approximately 70% of the population. The manufacturing sector diversified in the 1980’s and 1990’s, but manufacturing has grown little in the last decade. Sugar and wood pulp had been major foreign exchange earners; however, the wood pulp producer closed in January 2010, and sugar is now the main export earner. Mining has declined in importance in recent years. Coal, gold, diamond, and quarry stone mines are small-scale and the only iron ore mine closed in 2014. With an estimated 40% unemployment rate, Swaziland's need to increase the number and size of small and medium enterprises and attract foreign direct investment is acute. Overgrazing, soil depletion, drought, and floods persist as problems for the future. On 1 January 2015, Swaziland lost its eligibility for benefits under the African Growth and Opportunity Act (AGOA), threatening the remaining 12,000 jobs in the textile and apparel sector; approximately 3,000 jobs have been lost since the 2014 announcement of the loss of AGOA. As of 2013 more than one-quarter of the adult population was infected by HIV/AIDS; Swaziland has the world’s highest HIV prevalence rate.
|
Source
: CIA |
GLENCORE
INTERNATIONAL AG
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
UID-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
Financial
year: 2015
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
UID-No.: CHE106909694
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
Citizen:
Australia
Residential
address: Rüschlikon, Switzerland
Born:
1956
joint
signature of two
Director Andreas
Peter Hubmann
Citizen:
Bichelsee-Balterswil, Switzerland
Residential
address: Zug/ZG, Switzerland
joint
signature of two
Registered
since: 30.01.2004
Director Steven
Frank Kalmin
Citizen:
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
Citizen:
Zürich, Wetzikon ZH, Switzerland
Residential
address: Thalwil, Switzerland
joint
signature of two
Registered
since: 16.12.2009
Member
with signing authority Andrew Jay
Caplan
Citizen:
United States of America
Residential
address: Horgen, Switzerland
joint
signature of two
Registered
since: 15.05.2013
Member
with signing authority Stuart Anthony
Cutler
Citizen:
South Africa
Residential
address: Baar, Switzerland
joint
signature of two
Registered
since: 13.02.2006
Member
with signing authority Eric Kenneth
Diedrichsen
Citizen:
Canada
Residential
address: Unterägeri, Switzerland
joint
signature of two
Registered
since: 30.03.2012
Member
with signing authority Christopher
Robert Eskdale
Citizen:
United Kingdom
Residential
address: Unterägeri, Switzerland
joint
signature of two
Registered
since: 06.09.2013
Member
with signing authority Michael Georg
Fahrbach
Citizen:
Germany
Residential
address: Hennef, Germany
joint
signature of two
Registered
since: 03.01.2014
Member
with signing authority Martin William
Häring
Citizen:
Neuhausen am Rheinfall, Switzerland
Residential
address: Wollerau, Switzerland
joint
signature of two
Registered
since: 19.04.2012
Member
with signing authority Kenneth
Raymond Ives
Citizen:
United Kingdom
Residential
address: Zug, Switzerland
joint
signature of two
Registered
since: 30.03.2012
Member
with signing authority Kenneth George
Klassen
Citizen:
Canada
Residential
address: Risch, Switzerland
joint
signature of two
Registered
since: 17.05.2013
Member
with signing authority Daniel Maté
Citizen:
Spain
Residential
address: Wollerau, Switzerland
joint
signature of two
Registered
since: 04.12.1998
Member
with signing authority Aristotelis
Mistakidis
Citizen:
United Kingdom
Residential
address: Walchwil, Switzerland
joint
signature of two
Registered
since: 22.03.2000
Member
with signing authority Wendelin
Müller
Citizen:
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
Citizen:
Zell ZH, Switzerland
Residential
address: Cham, Switzerland
joint
signature of two
Registered
since: 13.02.2006
Member
with signing authority Tor Peterson
Citizen:
United States of America
Residential
address: Oberägeri, Switzerland
joint
signature of two
Registered
since: 14.08.2002
Member
with signing authority Cyril Jean
Reol
Citizen:
France
Residential
address: Hünenberg, Switzerland
joint
signature of two
Registered
since: 19.02.2014
Member
with signing authority Gerda
Constanze Schwindt
Citizen:
Arbon, Switzerland
Residential
address: Zug, Switzerland
joint
signature of two
Registered
since: 14.02.2011
Member
with signing authority Alicia
Rosemary Wright
Citizen:
South Africa
Residential
address: Feusisberg, Switzerland
joint
signature of two
Member
with signing authority Alicia
Rosemary Wright
Citizen:
South Africa
Residential
address: Feusisberg, Switzerland
joint
signature of two
Registered
since: 30.03.2012
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
Name: Glencore Xstrata Plc
City/Country: St. Helier/Jersey, United
Kingdom/GB
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
of 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
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 19.04.1991)
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 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 1 946,734,578.-- Opposition filed
31.12.2011 2011 1 96,297,600.-- Opposition filed
31.12.2010 2010 1 1,776,867.-- Legal actions
31.12.2009 2009 1 1,783,417.-- Legal actions
31.12.2008 2008 1 381,640.-- Legal actions
31.12.2007 2007 0 Legal
actions
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.
The company has been listed in the following
sanction databases:
WorldCompliance
With the following information :
Glencore International AG (944397)
Aliases N/A
NickNames N/A
Category Adverse
Media
Sub Category Tax
Evasion
Level N/A
Data source Website
Designation N/A
Primary Country CH
Position Suspected
of tax evasion - April 2011
National ID N/A
Other ID N/A
Passport # N/A
Last Updated 14/01/2014
Additional Information
According to theguardian.com; May 08, 2012:
In the spring of 2012, the British Parliament’s International Development
Committee opened an inquiry over taxation in developing countries in which
Glencore’s subsidiaries in Zambia and DRC (Democratic Republic of the Congo)
were included.
News of the potential inquiry, which could
involve top FTSE 100 mining executives being called to give evidence, comes as
campaigners argue that natural resources deals are benefiting multinationals
rather than the DRC's population. Commodity trader Glencore will also face
calls to explain its involvement in the resource-rich central African country.
According to corporatejustice.org; April 12,
2011: SHERPA (France), the Center for Trade Policy and Development (Zambia),
the Berne Declaration (Switzerland), l’Entraide Missionnaire (Canada) and
Mining Watch (Canada) have filed a complaint on April 12, 2011 against Glencore
International AG and First Quantum Minerals Ltd before the Swiss and Canadian
National Contact Points (NCP) for violating the OECD guidelines for
multinational enterprises.
The cause for the complaint lies in the
financial and accounting manipulations performed by the two companies’
subsidiary, Mopani Copper Mines Plc (MCM), in order to evade taxation in
Zambia.
The allegations are based on the results of
a 2009 audit performed at the request of the Zambian authorities. Among the
anomalies revealed by the report, an unexplained increase in operating costs in
2007 (+ $380 million), stunningly low reported volumes of extracted cobalt when
compared to similar mining companies operating in the region, and manipulations
of copper selling prices in favor of Glencore which constitute a violation of
OECD’s “arm’s length” principle. The result of those processes was to lower by
several hundreds of millions dollars MCM’s net income for the 2003-2008 period,
hereby substantially lightening the company’s tax burden.
According to Global Financial Integrity,
companies' tax evasion amounts to a global net loss of $400 to $440 billion for
developing countries.
According to reuters.com; March 7, 2009:
U.S. and Bahrain prosecutors are probing about $4.6 million in alleged payments
made by employees of Glencore International AG to bank accounts controlled by
then-employees of Aluminum Bahrain. The inquiries into Glencore were indirectly
related to a previously disclosed federal grand jury investigation in U.S.
District Court for Western Pennsylvania involving alleged payments to officials
of Aluminum Bahrain by Alcoa Inc.
According to businessweek.com; July 17,
2005: After an oil workers' strike in 2003, Glencore and two U.S. traders
allegedly paid kickbacks to secure deals with oil monopoly Petróleos de
Venezuela (PDVSA). PDVSA denied accepting bribes and Glencore denied making any
illegal payments.
In February 2001, the U.N. Security Council
reported that Glencore had bought 1 million barrels of Iraqi crude destined for
the U.S. The oil was diverted to Croatia, where it was sold for a $3 million
premium, that went into a secret bank account. Glencore was caught by U.N.
overseers, and later agreed to refund the money to the U.N. A Glencore
spokeswoman says the oil was shipped to Croatia for storage and later shipment
to the U.S. A CIA report alleges that Glencore paid more than $3.2 million in
surcharges to Iraq, something it denies.
Shareholders:
1. CEO Ivan Glasenberg 1.09 billion shares,
or 15.8% of the company, for a net worth of $9.5 billion.
2. Daniel Francisco Mate Badenes: $3.6
billion (416.4 million shares, or 6%).
3. Aristotelis Mistakidis: $3.6 billion
(411.8 million shares, or 6%).
4. Tor Peterson: $3.2 billion (366.3 million
shares, or 5.3%).
5. Alex Beard: $2.76 billion (320.5 million
shares, or 4.6%).
6. Steven Kalmin: $600 million (70.7 million
shares, or 1%).
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.63.62 |
|
UK Pound |
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.70.77 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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.