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Report No. : |
325892 |
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Report Date : |
11.06.2015 |
IDENTIFICATION DETAILS
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Name : |
SAMANCOR AG |
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Registered Office : |
Jöchlerweg 2, 6340 Baar/ZG |
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Country : |
Switzerland |
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Financials (as on) : |
30.06.2014 |
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Date of Incorporation : |
03.07.1987 |
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Com. Reg. No.: |
170.3.012.805-1 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is engaged in Agents involved in the sale of fuels, ores, metal and industrial chemicals |
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No of Employees : |
12 |
RATING & COMMENTS
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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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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 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 responded to 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 hurt Switzerland's long history of bank secrecy.
|
Source
: CIA |
Samancor AG
Jöchlerweg 2
6340 Baar/ZG
Switzerland/CH
Telephone: 041
7668080
Fax: 041
7668088
Web
site: http://www.bhpbilliton.com
WIN
Worldbox No.: CH0000348457
VAT-No.: CHE-106.142.998 MWST
UID-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
Figures: estimated
Financial
year: 2015
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
UID-No.: CHE106142998
Legal
form: Company limited by
shares
Registration: 03.07.1987
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
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
Ltd
25.04.2000 Samancor
SA
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 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.--
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.--
Title Name
President Dr. Patrick
Sommer
Citizen:
Therwil, Switzerland
Residential
address: Rapperswil-Jona, Switzerland
joint
signature of two
Registered
since: 10.10.2014
Chief
Executive David
Keith Richardson
Citizen:
Australia
Residential
address: Singapur , Singapore
joint
signature of two
Registered
since: 10.04.2015
Director Rodney
Harold Elliott
Citizen:
Australia
Residential
address: Singapur, Singapore
joint
signature of two
Registered
since: 28.01.2015
Director Peter
Healy Finnimore
Citizen:
Australia
Residential
address: Singapur, Singapore
joint
signature of two
Registered
since: 05.06.2013
Director Rolf
Müller
Citizen:
Hünenberg, Switzerland
Residential
address: Zug, Switzerland
joint
signature of two
Registered
since: 17.03.1999
Director Mariana
Poot
Citizen:
Netherlands
Residential
address: Cham, Switzerland
joint
signature of two
Registered
since: 07.08.2014
Title Name
General
Director Mariana
Poot
Citizen:
Netherlands
Residential
address: Cham, Switzerland
joint
signature of two
Registered
since: 07.08.2014
Member
with signing authority Marie de Wit
Citizen:
Netherlands
Residential
address: 6340 Baar/ZG, Switzerland
joint
signature of two
Registered
since: 07.08.2014
Member
with signing authority Richard Todd
Duffey
Citizen:
Australia
Residential
address: Singapur , Singapore
joint
signature of two
Registered
since: 10.04.2015
Title Name
Auditor KPMG AG
Residential
address: Zug, Switzerland
Id:
CH-170.9.000.370-3
Registered
since: 30.01.2004
Title Name
Chief
Executive Officer Rolf
Müller
Name: BHP Billiton Limited
City/Country: Melbourne, Australia/AU
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 30.06.2014 30.06.2013 30.06.2012 30.06.2011 30.06.2010
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Balance Sheet
Intangible fixed
assets 5,439.0 5,496.0 5,112.0 1,456.0 687.0
Land and buildings 25,292.0 3,694.0 27,669.0 18,148.0
Other tangible
fixed assets 83,495.0 96,871.0 67,578.0 49,797.0
Tangible fixed
assets 108,787.0 100,565.0 95,247.0 67,945.0 55,576.0
Financial fixed
assets 6,013.0 5,394.0 1,881.0 1,602.0 2,143.0
other fixed assets 8,878.0 8,770.0 6,582.0 6,637.0 5,312.0
Fixed assets 129,117.0 120,225.0 108,822.0 77,640.0 63,718.0
Stocks 6,013.0 5,821.0 6,233.0 6,154.0 5,334.0
Trade accounts receivable 4,620.0 4,415.0 4,723.0 6,068.0
Cash & Cash
Equivalents 8,803.0 5,677.0 4,781.0 10,084.0 12,456.0
Securities 371.0 174.0
other trade
accounts 2,489.0 2,866.0 4,714.0 2,974.0
Other current
assets 11,663.0 8,717.0 9,495.0 13,058.0
Current assets 22,296.0 18,953.0 20,451.0 25,280.0 25,134.0
Total assets 151,413.0 139,178.0 129,273.0 102,920.0 88,852.0
Capital 2,255.0 2,255.0 2,255.0 2,253.0
Other shareholders
funds 76,888.0 68,412.0 63,615.0 54,509.0
Total shareholders equity 79,143.0 70,667.0 65,870.0 56,762.0 48,525.0
Minority interests 6,239.0 4,624.0 1,215.0 993.0 804.0
long term debt
(financial debts) 30,327.0 28,099.0 24,799.0 12,388.0 13,396.0
Provisions 9,891.0 8,178.0 8,914.0 9,293.0 7,433.0
Other non current
liabilities 7,749.0 7,471.0 6,441.0 3,746.0 5,652.0
Non current liabilities 47,967.0 43,748.0 40,154.0 25,427.0 26,481.0
short term debt
(financial debts) 4,278.0 5,298.0 3,531.0 3,519.0
Trade accounts
payable 10,145.0 10,860.0 8,727.0 6,667.0
Provisions 2,504.0 2,372.0 2,784.0 2,256.0
other accounts
payable 1,137.0 1,609.0 6,992.0 7,296.0
other current
liabilities 3,641.0 3,981.0 9,776.0 9,552.0
Current liabilities 18,064.0 20,139.0 22,034.0 19,738.0 13,042.0
Shareh. equity, min. int. & liabilities 151,413.0 139,178.0 129,273.0 102,920.0 88,852.0
Profit and loss
account
Sales 67,206.0 65,953.0 72,226.0 71,739.0
Net sales 67,206.0 65,953.0 72,226.0 71,739.0 52,798.0
Other operating
revenue 903.0 2,777.0 906.0 531.0
Operating revenue 68,109.0 68,730.0 73,132.0 72,270.0
Cost of goods sold 8,714.0 9,106.0 8,483.0 8,148.0
Gross profit 59,395.0 59,624.0 64,649.0 64,122.0
Other operating
expenses 37,912.0 41,205.0 41,252.0 31,232.0
Operating result 21,483.0 18,419.0 23,397.0 32,890.0 20,129.0
Interest revenues 279.0 398.0 122.0 141.0
other financial
revenues 2,366.0 3,333.0 458.0 104.0
Financial income 2,645.0 3,731.0 580.0 245.0
Interest expenses 744.0 997.0 404.0 234.0
other financial
expenses 1,103.0 1,262.0 842.0 1,737.0
Financial expenses 1,847.0 2,259.0 1,246.0 1,971.0
Financial result 798.0 1,472.0 -666.0 -1,726.0
Result before extraordinary items 22,281.0 19,891.0 22,731.0 31,164.0
Extraordinary
Result 0.0 0.0
Result before taxes 22,281.0 19,891.0 22,731.0 31,164.0
Taxes 7,012.0 6,906.0 7,490.0 7,309.0
Result before minority
interests 15,269.0 12,985.0 15,241.0 23,855.0
minority interests 1,392.0 1,599.0 117.0 284.0
Result for the financial year 13,877.0 11,386.0 15,124.0 23,571.0 12,722.0
Cash flow
Depreciation 8,701.0 7,031.0 6,408.0 5,039.0
Cash flow 23,970.0 20,016.0 21,649.0 28,894.0
Cash flow from
operating activities 25,364.0 20,154.0 24,384.0 30,080.0
Investments in
tangible fixed assets 15,993.0 22,243.0 18,385.0 11,147.0
Cash flow from
investing activities -15,834.0 -18,726.0 -32,036.0 -16,464.0
Cash flow from
financing activities -6,468.0 -198.0 2,509.0 -16,018.0
Others 23.0 -17.0 -56.0 27.0
Change in
liquidity 3,085.0 1,213.0 -5,199.0 -2,375.0
Liquidity at
beginning of the year 5,667.0 4,454.0 10,080.0 12,455.0
Liquidity at end
of the year 8,752.0 5,667.0 4,881.0 10,080.0
Material costs 8,842.0 8,926.0
Cost of employees 6,903.0 7,168.0 6,663.0 5,299.0
Research and
Development 43.0 64.0 75.0 74.0
Added value 38,629.0 35,087.0 36,206.0 41,736.0
Working Capital 488.0 -624.0 2,229.0 5,555.0
Net Current Assets 4,232.0 -1,186.0 -1,583.0 5,542.0 12,092.0
Sales per Employee 0.5 0.5 0.6
Gross cost land
and buildings 28,986.0 34,006.0 30,465.0 20,422.0
Gross cost other
tangible fixed assets 135,932.0 116,244.0 105,368.0 81,546.0
Gross cost total 164,918.0 150,250.0 135,833.0 101,968.0
Employees at year end 123,803 126,222 125,000
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.
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
13.04.2015 2015 0 Legal actions
31.12.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
18.11.2002 2002 0 Legal
actions
31.12.2001 2001 0 Legal
actions
31.12.2000 2000 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 is not listed in the World
Compliance database.
Payment experiences from pre-legal
collection cases:
No payment experiences from pre-legal
collection cases are available.
Payment experiences from collection cases:
No payment experiences from legal collection
cases are available.
Mode of payment / Business conduct:
There are no complaints about the mode of
payment and the business conduct.
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
appears to be good.
Payment
experiences: Financial obligations are
paid punctually.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.88 |
|
|
1 |
Rs. 98.47 |
|
Euro |
1 |
Rs. 72.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
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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.