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MIRA INFORM REPORT
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Report No. : |
505579 |
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Report Date : |
02.05.2018 |
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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Year of Establishment : |
1974 |
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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 : |
·
Financial services, Quarrying and raw material processing, Trade
brokers ·
Activities of holding companies ·
Mining of hard coal ·
Extraction of crude petroleum ·
Mining of other non-ferrous metal ores ·
Agents involved in the sale of fuels, ores, metals and industrial
chemicals ·
Agents involved in the sale of food, beverages and tobacco |
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No. of Employees : |
250-399 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland, a country that espouses neutrality, is a 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 gain access to the Union’s Single Market and enhance the country’s international competitiveness. Some trade protectionism remains, however, 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 economic instability in Russia and other eastern European economies drove 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 through 2017.
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.
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Source
: CIA |
Company name and address
GLENCORE INTERNATIONAL AG
Operating address:
Baarermattstrasse
3 Mailing Address:
6340 Baar/ZG Postfach
777 / Postfach 555 / Postfach 1363
Switzerland/CH 6341
Baar/ZG
Switzerland/CH
Telephone: +41
41 7092000
Fax: +41
41 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
Profile
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
Operational
Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 250-399
Sales: CHF
200-400 Mio
Activity
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.
Operations and
Branches:
At the address,
Baarermattstrasse 3, 6340 Baar, Switzerland, we find office of the company.
Real
Estate
Real Estate: The
company does not appear to own any property.
Company
Register
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.
Official
Administration
Title Name
President Glasenberg,
Ivan
Citizen:
Australia
Residential
address: Rüschlikon, Switzerland
Born:
1956
joint
signature of two
Director Hubmann,
Andreas Peter
Citizen:
Bichelsee-Balterswil, Switzerland
Residential
address: Zug/ZG, Switzerland
joint
signature of two
Registered
since: 30.01.2004
Director Kalmin,
Steven Frank
Citizen:
Australia
Residential
address: 8832 Wollerau/SZ, Switzerland
Born:
1970
joint
signature of two
Registered
since: 30.01.2004
Management
Title Name
Member with signing authority Cutler, Stuart Anthony
Citizen:
South Africa
Residential
address: Baar, Switzerland
joint
signature of two
Registered
since: 13.02.2006
Member with signing authority Diedrichsen, Eric Kenneth
Citizen:
Canada
Residential
address: Unterägeri, Switzerland
joint
signature of two
Registered
since: 30.03.2012
Member with signing authority Eskdale, Christopher Robert
Citizen:
United Kingdom
Residential
address: Unterägeri, Switzerland
joint
signature of two
Registered
since: 06.09.2013
Member with signing authority Fahrbach, Michael Georg
Citizen:
Germany
Residential
address: Hennef, Germany
joint
signature of two
Registered
since: 03.01.2014
Member with signing authority Friedli, Peter
Citizen:
Burgdorf, Switzerland
Residential
address: Meilen, Switzerland
joint
signature of two
Registered
since: 12.10.2015
Member with signing authority George, Jyothish Devina
Citizen:
India
Residential
address: Zürich/ZH, Switzerland
joint
signature of two
Registered
since: 20.07.2015
Member with signing authority Häring, Martin William
Citizen: Neuhausen
am Rheinfall, Switzerland
Residential
address: Wollerau, Switzerland
joint signature of two
Registered
since: 19.04.2012
Member with signing authority Ives, Kenneth Raymond
Citizen:
United Kingdom
Residential
address: Zug, Switzerland
joint
signature of two
Registered
since: 30.03.2012
Member with signing authority Maté, Daniel
Citizen:
Spain
Residential
address: Wollerau, Switzerland
joint
signature of two
Registered
since: 04.12.1998
Member with signing authority Mistakidis, Aristotelis
Citizen:
United Kingdom
Residential
address: Walchwil, Switzerland
joint
signature of two
Registered
since: 22.03.2000
Member with signing authority Peterson, Tor
Citizen:
United States of America
Residential
address: Oberägeri, Switzerland
joint
signature of two
Registered
since: 14.08.2002
Member with signing authority Scheiner, Robin Aaron
Citizen:
Zürich, Switzerland
Residential
address: Zürich, Switzerland
joint
signature of two
Registered
since: 05.04.2016
Member with signing authority Schwindt, Gerda Constanze
Citizen:
Arbon, Switzerland
Residential
address: Zug, Switzerland
joint
signature of two
Registered
since: 14.02.2011
Member with signing authority Sloman, Ian
Citizen:
United Kingdom
Residential
address: Zug, Switzerland
joint
signature of two
Registered
since: 12.10.2015
Member with signing authority Teichner, Shaun
Citizen:
South Africa
Residential
address: Zug, Switzerland
joint
signature of two
Registered
since: 05.04.2016
Member with signing authority Wright, Alicia Rosemary
Citizen:
South Africa
Residential
address: Feusisberg, Switzerland
joint
signature of two
Registered
since: 30.03.2012
External
Positions
Title Name
Auditor Deloitte
AG,
Residential
address: Zürich, Switzerland
Id:
CHE-101.377.666
Registered
since: 19.07.1995
Executive board
Title Name
Chief Executive Officer Glasenberg, Ivan
Chief Financial Officer Kalmin, Steven Frank
Ultimate
Parent Company
Name: GLENCORE
PLC
City/Country: St
Helier, Jersey/JE
Direct
owner/-s
No. of owner/-s: 1
Owner: The
company is foreign owned.
Class: 100%,
directly held
Name: GLENCORE
PLC
City/Country: St
Helier, Jersey/JE
Interest: 100,00%
voting right, 100,00% capital interest (since 14.12.2011)
Investments
Class: 100%,
directly held
Name: Access
World AG
City/Country: Zug/ZG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
indirectly held
Name: BIOPETROL
Rotterdam BV
City/Country: Rotterdam,
Netherlands/NL
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: CARBONES
DE LA JAGUA S A
City/Country: BARRANQUILLA,
Colombia/CO
Interest: 100,00%
voting right, 100,00% capital interest (since 2005)
Class: 100%,
indirectly held
Name: Cobar
Management Pty Limited
City/Country: COBAR,
Australia/AU
Interest: 100,00%
voting right, 100,00% capital interest (since 1999)
Class: 100%,
directly held
Name: Finges
Investment B.V.
City/Country: Rotterdam,
Netherlands/NL
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Glencobar
AG
City/Country: Baar/ZG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Glencore
AG
City/Country: Baar/ZG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 1978)
Class: 100%,
directly held
Name: Glencore
(Asia) AG
City/Country: Baar/ZG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 1983)
Class: 100%,
directly held
Name: Glencore
(Europe) AG
City/Country: Baar/ZG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 1991)
Class: 100%,
directly held
Name: Glencore
(Far East) AG
City/Country: Baar/ZG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 1975)
Class: 100%,
directly held
Name: Glencore
Finance AG
City/Country: Baar/ZG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 1991)
Class: 100%,
directly held
Name: Glencore
Financial Services AG
City/Country: Baar/ZG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 2004)
Class: 100%,
directly held
Name: Glencore
Gastroservice AG
City/Country: Baar/ZG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 1995)
Class: 100%,
directly held
Name: Glencore
Grain UK Ltd
City/Country: Brechin/Angus,
United Kingdom/GB
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Glencore
Group Funding Limited
City/Country: -,
United Arab Emirates/AE
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Glencore
Investment AG
City/Country: Baar/ZG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 1992)
Class: 100%,
indirectly held
Name: Glencore
Ltd.
City/Country: Stamford/Connecticut,
United States of America/US
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Glencore
Minera AG
City/Country: Baar/ZG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 1987)
Class: 100%,
directly held
Name: Glencore
Mining AG
City/Country: Baar/ZG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 1987)
Class: 100%,
directly held
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%,
directly held
Name: Glencore
Proline AG
City/Country: Baar/ZG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 2005)
Class: 100%,
directly held
Name: Glencore
Singapore Pte Ltd
City/Country: Singapore,
Singapore/SG
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
indirectly held
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%,
directly held
Name: Glencore
Trading AG
City/Country: Baar/ZG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 1986)
Class: 100%,
directly held
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%,
directly held
Name: MURRIN
MURRIN HOLDINGS PTY LIMITED
City/Country: -,
Australia/AU
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
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%,
directly held
Name: Pacorini
Group
City/Country: -,
Italy/IT
Interest: 100,00%
voting right, 100,00% capital interest (since 01.09.2010)
Class: 100%,
directly held
Name: Portovesme
Srl
City/Country: Roma,
Italy/IT
Interest: 100,00%
voting right, 100,00% capital interest (since 1999)
Class: 100%,
directly held
Name: ST
Shipping & Transport Pte Ltd
City/Country: Singapur,
Singapore/SG
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Topley
Corporation
City/Country: Road
Town, British Virgin Islands/VG
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Viterra
Inc.
City/Country: Regina,
Canada/CA
Interest: 100,00%
voting right, 100,00% capital interest (since 17.12.2012)
Class: 50-100%,
indirectly held
Name: BIOPETROL
Finance BV
City/Country: Rotterdam,
Netherlands/NL
Class: 50-100%,
indirectly held
Name: BIOPETROL
MARKETING B.V.
City/Country: Rotterdam,
Netherlands/NL
Class: 50-100%,
indirectly held
Name: BIOPETROL
PERNIS B.V.
City/Country: Vondelingenplaat/Rotterdam,
Netherlands/NL
Class: 50-100%,
indirectly held
Name: BIOPETROL
Rostock GmbH
City/Country: Schwarzheide,
Germany/DE
Class: 50-100%,
indirectly held
Name: BIOPETROL
Schwarzheide GmbH
City/Country: Schwarzheide,
Germany/DE
Class: 50-100%,
indirectly held
Name: BIOPETROL
THE NETHERLANDS B.V.
City/Country: Botlek/Rotterdam,
Netherlands/NL
Class: 50-100%,
directly held
Name: ROSH
PINAH ZINC CORPORATION (PTY) LTD
City/Country: ROSH
PINAH, Namibia/NA
Class: 50-100%,
directly held
Name: GLENCORE
INDIA PRIVATE LIMITED
City/Country: Delhi,
India/IN
No. of shares: 5,962,813
Interest: 99,99%
voting right, 99,99% capital interest
Class: 50-100%,
directly held
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%,
directly held
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%,
directly held
Name: PHILIPPINE
ASSOCIATED SMELTING AND REFINING CORPORATION
City/Country: 1226
MAKATI CITY, Philippines/PH
Interest: 78,20%
voting right, 78,20% capital interest (since 1999)
Class: 40-49%,
directly held
Name: Izimbiwa
Coal (Pty) Ltd
City/Country: -,
South Africa/ZA
Interest: 49,90%
voting right, 49,90% capital interest
Class: 30-39%,
directly held
Name: Carbones
del Cerrejón Limited
City/Country: The
Valley, Anguilla/AI
Interest: 33,33%
voting right, 33,33% capital interest
Class: 30-39%,
directly held
Name: Renova
SA
City/Country: -,
Argentina/AR
Interest: 33,30%
voting right, 33,30% capital interest
Class: 20-29%,
directly held
Name: Polymet
Mining Corp
City/Country: -,
Canada/CA
Interest: 25,70%
voting right, 25,70% capital interest
Class: 0-9%,
directly held
Name: Volcan
Compania Minera SA
City/Country: Lima,
Peru/PE
Interest: 7,30%
voting right, 7,30% capital interest
Sisters
Name: Caracal
Energy Inc
City/Country: Canada/CA
Name: Compania
Minera Xstrata Lomas Bayas
City/Country: Santiago,
Chile/CL
Name: COOK
RESOURCE MINING PTY. LTD.
City/Country: SYDNEY,
Australia/AU
Name: Correcta
Industria e Comercio Ltda
City/Country: Brazil/BR
Name: Donkin
Joint Venture
City/Country: Australia/AU
Name: Eland
Platinum Holdings Ltd
City/Country: -,
South Africa/ZA
Name: Enex
Oakbridge Pty Limited
City/Country: SYDNEY,
Australia/AU
Name: ENEX
TOGARA PTY LIMITED
City/Country: SYDNEY,
Australia/AU
Name: Glencane
Bioenergia S.A.
City/Country: Brasília,
Brazil/BR
Name: Glencore
Grain BV
City/Country: Rotterdam,
Netherlands/NL
Name: Glencore
Magdeburg GmbH
City/Country: Germany/DE
Name: MIM
RESOURCE DEVELOPMENT PTY LIMITED
City/Country: SYDNEY,
Australia/AU
Name: MUTANDA
MINING SARL
City/Country: LUBUMBASHI,
Democratic Republic of Congo/CD
Name: Pannon
Vegetable Oil Manufacturing
City/Country: -,
Hungary/HU
Name: SAGITTARIUS
MINES, INC.
City/Country: TAMPAKAN,
Philippines/PH
Name: Ulan
Power Company Pty Limited
City/Country: Sydney,
Australia/AU
Name: Usti
Oilseed Group
City/Country: -,
Czech/CZ
Name: Xstrata
Copper Chile SA
City/Country: Santiago,
Chile/CL
Name: Xstrata
Zink GmbH
City/Country: Nordenham,
Germany/DE
Name: ZAKLADY
TLUSZCZOWE W BODACZOWIE SP. Z O.O.
City/Country: GDANSK,
Poland/PL
Financial Data GLENCORE PLC
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2017 31.12.2016 31.12.2015 31.12.2014 31.12.2013
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Balance Sheet
Intangible fixed assets 6,787.0 6,716.0 7,516.0 8,866.0 9,053.0
Land and buildings 4,203.0 3,747.0 4,331.0 4,793.0 4,753.0
Other tangible fixed assets 52,843.0 50,079.0 56,947.0 65,317.0 62,754.0
Tangible fixed assets 57,046.0 53,826.0 61,278.0 70,110.0 67,507.0
Financial fixed assets 13,998.0 14,839.0 14,342.0 13,746.0 13,630.0
other fixed assets 8,036.0 5,807.0 3,151.0 6,264.0 6,200.0
Fixed assets 85,867.0 81,188.0 86,287.0 98,986.0 96,390.0
Stocks 24,084.0 18,347.0 18,303.0 24,436.0 22,753.0
Trade accounts receivable 14,025.0 20,066.0 10,175.0 14,466.0 24,536.0
Cash & Cash Equivalents 2,124.0 2,508.0 2,707.0 2,824.0 2,849.0
Securities 2,311.0 2,212.0 39.0 31.0 2,940.0
other trade accounts 6,766.0 279.0 10,527.0 11,026.0 5,464.0
Accruals 416.0 447.0 436.0
Other current assets 11,617.0 4,999.0 13,720.0 14,317.0 11,253.0
Current assets 49,726.0 43,412.0 42,198.0 53,219.0 58,542.0
Total assets 135,593.0 124,600.0 128,485.0 152,205.0 154,932.0
Capital 146.0 146.0 146.0 133.0 133.0
Other shareholders funds 49,609.0 44,097.0 41,108.0 48,409.0 49,824.0
Total shareholders equity 49,755.0 44,243.0 41,254.0 48,542.0 49,957.0
Minority interests -300.0 -462.0 89.0 2,938.0 3,192.0
long term debt (financial debts) 24,532.0 23,188.0 32,932.0 40,688.0 38,724.0
Provisions 7,094.0 5,931.0 5,923.0 7,555.0 8,083.0
Other non current liabilities 10,098.0 8,333.0 7,415.0 8,535.0 8,934.0
Non current liabilities 41,724.0 37,452.0 46,270.0 56,778.0 55,741.0
short term debt (financial debts) 9,402.0 10,030.0 11,117.0 12,005.0 16,461.0
Trade accounts payable 24,664.0 26,176.0 24,088.0 26,881.0 26,041.0
Provisions 477.0 458.0 474.0 576.0 264.0
other accounts payable 9,871.0 6,703.0 5,193.0 4,485.0 3,276.0
other current liabilities 10,348.0 7,161.0 5,667.0 5,061.0 3,540.0
Current liabilities 44,414.0 43,367.0 40,872.0 43,947.0 46,042.0
Shareh. equity, min. int. & liabilities 135,593.0 124,600.0 128,485.0 152,205.0 154,932.0
Profit and loss account
Sales 205,476.0 152,948.0 170,497.0 221,073.0 232,694.0
Net sales 205,476.0 152,948.0 170,497.0 221,073.0 232,694.0
Other operating revenue 1,012.0
Operating revenue 205,476.0 152,948.0 170,497.0 221,073.0 233,706.0
Cost of goods sold 197,695.0 149,763.0 166,982.0 214,344.0 227,145.0
Gross profit 7,781.0 3,185.0 3,515.0 6,729.0 6,561.0
Other operating expenses 1,824.0 2,691.0 9,269.0 2,377.0 11,782.0
Operating result 5,957.0 494.0 -5,754.0 4,352.0 -5,221.0
Interest revenues 168.0 155.0 191.0 253.0 393.0
other financial revenues 2,495.0 2,026.0 126.0 1,372.0 39.0
Financial income 2,663.0 2,181.0 317.0 1,625.0 432.0
Interest expenses 1,619.0 1,688.0 1,585.0 1,724.0 1,781.0
other financial expenses 80.0 2,989.0 156.0 1,576.0
Financial expenses 1,699.0 1,688.0 4,574.0 1,880.0 3,357.0
Financial result 964.0 493.0 -4,257.0 -255.0 -2,925.0
Result before extraordinary items 6,921.0 987.0 -10,011.0 4,097.0 -8,146.0
Extraordinary income 2,123.0
Extraordinary Result 2,123.0
Result before taxes 6,921.0 3,110.0 -10,011.0 4,097.0 -8,146.0
Taxes 1,759.0 638.0 98.0 1,809.0 254.0
Result before minority interests 5,162.0 2,472.0 -10,109.0 2,288.0 -8,400.0
minority interests -615.0 -411.0 -3,217.0 130.0 62.0
Result for the financial year 5,777.0 2,883.0 -6,892.0 2,158.0 -8,462.0
Cash flow
Depreciation 5,398.0 5,537.0 5,835.0 5,448.0 4,049.0
Cash flow 11,175.0 8,420.0 -4,274.0 7,736.0 -4,351.0
Cash flow from operating activities 4,817.0 4,818.0 13,030.0 8,136.0 9,184.0
Investments in tangible fixed assets 3,586.0 3,048.0 5,372.0 7,854.0 8,390.0
Cash flow from investing activities -2,533.0 3,612.0 -5,089.0 -4,031.0 -6,695.0
Cash flow from financing activities -2,665.0 -8,629.0 -8,058.0 -4,130.0 -2,422.0
Others 20.0
Change in liquidity -361.0 -199.0 -117.0 -25.0 67.0
Liquidity at beginning of the year 2,508.0 2,707.0 2,824.0 2,849.0 2,782.0
Liquidity at end of the year 2,147.0 2,508.0 2,707.0 2,824.0 2,849.0
Notes
Cost of employees 2,766.0 2,518.0 5,287.0 6,011.0 5,012.0
Added value 16,704.0 10,335.0 -2,591.0 11,269.0 2,696.0
Working Capital 13,445.0 12,237.0 4,390.0 12,021.0 21,248.0
Net Current Assets 5,312.0 45.0 1,326.0 9,272.0 12,500.0
Sales per Employee 1.4 1.0 1.1 1.9 2.1
Gross cost land and buildings 5,566.0 4,808.0 5,326.0 5,568.0 5,295.0
Gross cost other tangible fixed assets 86,684.0 79,659.0 81,953.0 79,871.0 71,694.0
Gross cost total 92,250.0 84,467.0 87,279.0 85,439.0 76,989.0
Employees at
year end 145,977 154,832 156,468 118,000 110,378
Financials
Balance sheet
publication:
The subject company
does not publish financial figures.
Legal
Actions
Control date Year No. Amount CHF Status
19.05.2017 2017 0 Legal
actions
31.12.2016 2016 0 Legal
actions
31.12.2015 2015 1 456,519.-- Opposition filed
31.12.2014 2014 0 Legal
actions
31.12.2013 2013 1 946,734,587.-- Opposition filed
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
No legal actions
determined.
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.
Sanctions
List
We checked various
international sanctions lists, such as the OFAC (Office of Foreign Assets
Control), the BIS (Bureau of Industry and Security), the European Union
Restrictive measures (sanctions) list, the Export Control Organisation (ECO) of
the UK, the Australian Department of Foreign Affairs and Trade.
The company has been
listed with the following sanctions:
According to
theguardian.com; April 16, 2012: Glencore, the commodity and mining firm worth
£27bn, stands accused in the Democratic Republic of the Congo of dumping raw
acid and profiting from children working 150ft underground. Glencore, which is
listed on the London Stock Exchange and has subsidiaries in the DRC and Zambia,
denies the allegations.
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
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.
Glencore plc:
According to the
U.S. Colorado Public Employees' Retirement Association; January 15, 2016:
Glencore plc is placed under Colorado Public Employees' Retirement Association
(PERA) Scrutinized Companies List.
According to the US
- Illinois State Board of Investment: Glencore plc is added to the list of
Scrutinized Companies.
According to the
U.S. Iowa Public Employees Retirement System; October 26, 2015: Glencore Plc is
placed on the Iran Prohibited Companies List. Once a company is placed on the
prohibited investment list, IPERS cannot make any new investments in the
company. IPERS is also required to divest of any securities issued by companies
on the prohibited list that IPERS holds directly (direct holdings) within 18
months. If IPERS owns an interest in a mutual fund that holds securities (an
indirect holding) of a company on the prohibited companies list, the IPERS
Investment Board will decide whether divestment is warranted.
Payment
experiences
There are
irregularities on record.
Remarks
- The VAT number -
CHE-116.283.229 MWST - is the Group VAT number.
- Based also on the
positive financial situation and based on the resources of the ultimate parent
company we deem stated credit as acceptable.
Credit
Information
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 considered to be very good.
Payment experiences: Payments are made with arranged conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
|
CHF |
1 |
INR 67.03 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.