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Report No. : |
348252 |
|
Report Date : |
07.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
GLENCORE INTERNATIONAL AG |
|
|
|
|
Registered Office : |
Baarermattstrasse 3 Postfach 1363 6341 Baar/ZG |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
1974 |
|
|
|
|
Com. Reg. No.: |
170.3.012.738-3 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
LINE OF BUSINESS : |
SUBJECT IS ENGAGED IN FINANCIAL SERVICES, QUARRYING AND RAW
MATERIAL PROCESSING, TRADE BROKERS |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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|
|
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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) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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 Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a recession. During this period, the Swiss National Bank (SNB) implemented a zero-interest rate policy to boost the economy, as well as to prevent appreciation of the franc, and Switzerland's economy began to recover in 2010.
The sovereign debt crises unfolding in neighboring euro-zone countries, however, coupled with ongoing economic instability in Russia and other eastern European economies continue to pose a significant risk to the Swiss economy, driving up demand for the Swiss franc by investors seeking a safe-haven currency. In January 2015, the SNB abandoned the Swiss franc’s peg to the Euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. 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 from 2011-14.
In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The Swiss government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
Glencore
International AG
Operating
address:
Baarermattstrasse
3
Postfach 1363
6341 Baar/ZG
Switzerland/CH
Telephone: 041
7092000
Fax: 041
7093000
Web
site: http://www.glencore.com
E-mail: info@glencore.com
WIN
Worldbox No.: CH0000029557
VAT-No.: CHE-116.283.229 MWST
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 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 Peter Friedli
Citizen:
Burgdorf, Switzerland
Residential
address: Zürich, Switzerland
joint
signature of two
Registered
since: 12.10.2015
Member
with signing authority Jyothish
Devina George
Citizen:
India
Residential
address: Zürich/ZH, Switzerland
joint
signature of two
Registered
since: 20.07.2015
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: Zug, 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 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 Ian Sloman
Citizen:
United Kingdom
Residential
address: Zug, Switzerland
joint
signature of two
Registered
since: 12.10.2015
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
Id:
CHE-101.377.666
Registered
since: 19.07.1995
Title Name
Chief
Executive Officer Ivan
Glasenberg
Chief
Financial Officer Steven
Frank Kalmin
Name: Glencore Plc
City/Country: St. Helier/Jersey, United
Kingdom/GB
No.
of owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Glencore 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) LTD.
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: KITWE, Zambia/ZM
Name: Mount Isa Mines
Limited
City/Country: Brisbane/Queensland,
Australia/AU
Name: MUTANDA MINING SARL
City/Country: LUBUMBASHI, 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
LIMITED
City/Country: Kabwe, 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
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2014 31.12.2013 31.12.2012 31.12.2011
31.12.2010
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Statement norm: IAS IAS IAS IAS IAS
Balance Sheet
Intangible fixed
assets 8,866.0 9,053.0 2,664.0 210.0
Land and buildings 4,793.0 4,753.0 2,212.0 1,198.0 1,042.0
Other tangible
fixed assets 65,317.0 62,754.0 21,026.0 13,441.0 11,046.0
Tangible fixed
assets 70,110.0 67,507.0 23,238.0 14,639.0 12,088.0
Financial fixed
assets 13,746.0 13,630.0 20,356.0 24,546.0 23,034.0
other fixed assets 6,264.0 6,200.0 5,220.0 1,039.0 369.0
Fixed assets 98,986.0 96,390.0 51,478.0 40,434.0 35,491.0
Stocks 24,436.0 22,753.0 20,682.0 17,129.0 17,393.0
Trade accounts
receivable 21,456.0 24,536.0 24,882.0 21,895.0 18,994.0
Cash & Cash
Equivalents 2,824.0 2,849.0 2,782.0 1,305.0 1,463.0
Securities 31.0 2,940.0 38.0 40.0 6,048.0
other trade
accounts 4,036.0 5,464.0 5,440.0 5,065.0 398.0
Accruals 436.0 235.0 297.0
Other current
assets 7,327.0 11,253.0 8,495.0 6,707.0 7,909.0
Current assets 53,219.0 58,542.0 54,059.0 45,731.0 44,296.0
Total assets 152,205.0 154,932.0 105,537.0 86,165.0 79,787.0
Capital 133.0 133.0 71.0 69.0 46.0
Other shareholders
funds 48,409.0 49,824.0 31,195.0 29,196.0 19,567.0
Total shareholders equity 48,542.0 49,957.0 31,266.0 29,265.0 19,613.0
Minority interests 2,938.0 3,192.0 3,034.0 3,070.0 2,894.0
long term debt
(financial debts) 40,688.0 38,724.0 19,028.0 19,844.0 18,251.0
Provisions 7,555.0 8,083.0 1,504.0 953.0 719.0
Other non current
liabilities 8,535.0 8,934.0 3,556.0 1,557.0 1,472.0
Non current liabilities 56,778.0 55,741.0 24,088.0 22,354.0 20,442.0
short term debt
(financial debts) 12,005.0 16,461.0 19,886.0 12,989.0 19,947.0
Trade accounts
payable 26,881.0 26,041.0 23,501.0 18,160.0 16,145.0
Provisions 576.0 264.0 62.0 98.0
other accounts
payable 4,485.0 3,276.0 3,700.0 229.0 746.0
other current
liabilities 5,061.0 3,540.0 3,762.0 327.0 746.0
Current liabilities 43,947.0 46,042.0 47,149.0 31,476.0 36,838.0
Shareh. equity, min. int. & liabilities 152,205.0 154,932.0 105,537.0 86,165.0 79,787.0
Profit and loss
account
Sales 232,694.0
Net sales 221,073.0 232,694.0 214,436.0 186,152.0 144,978.0
Other operating
revenue 1,012.0
Operating revenue 221,073.0 233,706.0 214,436.0 186,152.0 144,978.0
Cost of goods sold 214,344.0 227,145.0 210,435.0 181,938.0 140,467.0
Gross profit 6,729.0 6,561.0 4,001.0 4,214.0 4,511.0
Other operating
expenses 2,377.0 11,782.0 2,211.0 1,368.0 1,063.0
Operating result 4,352.0 -5,221.0 1,790.0 2,846.0 3,448.0
Interest revenues 253.0 393.0 401.0 339.0 281.0
other financial
revenues 1,372.0 39.0 384.0 2,005.0 1,842.0
Financial income 1,625.0 432.0 785.0 2,344.0 2,123.0
Interest expenses 1,724.0 1,781.0 1,371.0 1,186.0 1,217.0
other financial
expenses 156.0 1,576.0 128.0 0.0 14.0
Financial expenses 1,880.0 3,357.0 1,499.0 1,186.0 1,231.0
Financial result -255.0 -2,925.0 -714.0 1,158.0 892.0
Result before extraordinary items 4,097.0 -8,146.0 1,076.0 4,004.0 4,340.0
Extraordinary
expenses 2,460.0
Extraordinary
Result 0.0 0.0 0.0 -2,460.0
Result before taxes 4,097.0 -8,146.0 1,076.0 4,004.0 1,880.0
Taxes 1,809.0 254.0 -76.0 -264.0 234.0
Result before
minority interests 2,288.0 -8,400.0 1,152.0 4,268.0 1,646.0
minority interests 130.0 62.0 148.0 220.0 355.0
Result for the financial year 2,158.0 -8,462.0 1,004.0 4,048.0 1,291.0
Depreciation 5,448.0 4,049.0 1,473.0 1,066.0 1,026.0
Cash flow 7,736.0 -4,351.0 2,625.0 5,334.0 2,672.0
Cash flow from
operating activities 8,136.0 9,184.0 4,381.0 -343.0 111.0
Investments in
tangible fixed assets 7,854.0 8,390.0 2,970.0 2,606.0 1,657.0
Cash flow from
investing activities -4,031.0 -6,695.0 -9,539.0 -3,690.0 -4,755.0
Cash flow from
financing activities -4,130.0 -2,422.0 6,635.0 3,875.0 5,247.0
Change in
liquidity -25.0 67.0 1,477.0 -158.0 603.0
Liquidity at
beginning of the year 2,849.0 2,782.0 1,305.0 1,463.0 860.0
Liquidity at end
of the year 2,824.0 2,849.0 2,782.0 1,305.0 1,463.0
Notes
Cost of employees 6,011.0 5,012.0 2,013.0 1,723.0 1,677.0
Added value 17,280.0 2,696.0 5,933.0 7,979.0 5,800.0
Working Capital 19,011.0 21,248.0 22,063.0 20,864.0 20,242.0
Net Current Assets 9,272.0 12,500.0 6,910.0 14,255.0 7,458.0
Sales per Employee 1.9 2.1 3.7 3.2 2.5
Gross cost land
and buildings 5,568.0 5,295.0 2,609.0 1,521.0 1,281.0
Gross cost other
tangible fixed assets 79,871.0 71,694.0 26,381.0 17,337.0 14,213.0
Gross cost total 85,439.0 76,989.0 28,990.0 18,858.0 15,494.0
Employees at year end 118,000 110,378 58,000 58,000 57,500
Employees inland 500 500
Employees abroad 57,500 57,000
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: ROSH PINAH ZINC
CORPORATION (PTY) LTD
City/Country: ROSH PINAH, Namibia/NA
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: North Point, 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: 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.-- Opposition filed
31.12.2009 2009 1 1,783,417.-- Opposition filed
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%).
Note: The VAt number - CHE-116.283.229 MWST
- is the Group VAT number.
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: Regular
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.79 |
|
|
1 |
Rs.99.94 |
|
Euro |
1 |
Rs.71.54 |
INFORMATION DETAILS
|
Analysis Done by
: |
HNA |
|
|
|
|
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.