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MIRA INFORM REPORT
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Report Date : |
26.05.2011 |
IDENTIFICATION DETAILS
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Name : |
THERMO FISHER SCIENTIFIC (ECUBLENS) SARL |
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Registered Office : |
En Vallaire Ouest C, Case Postale, 1024
Ecublens |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
10.08.1984 |
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Com. Reg. No.: |
550.0.065.045-8 / 8587 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
manufacture and sale
of laboratory equipment |
RATING & COMMENTS
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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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Maximum Credit Limit : |
CHF 500'000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Company name
THERMO FISHER
SCIENTIFIC (ECUBLENS) SARL - 143225
Operating address
En Vallaire Ouest C
Case postale
1024 Ecublens
Switzerland/CH
Telephone: 021
6947111
Fax: 021
6947112
Web
site: http://www.ch.fishersci.com
E-mail: info.ch@thermofisher.com
VAT-No.: CHE-101.014.927
Profile
Established: 1934
History: 1934: Established from Dr. Maurice Hasler
Line
of Business: Measurement and
control technology, Financial services
Industry
Division: Manufacturing,
Services
Industry-code (NACE): 2651 Manufacture of instruments and appliances
for measuring, testing and navigation
6420 Activities of holding companies
Import/Export: Export
Export
sales: 99.0%
Quality
certification: ISO 9001:2000 (since
1995)
Banks: unknown
Operational Figures
Coverage: Company
Figures: approximately
Employees: 225
Sales: CHF 60-80 Mio
Activity
The business activities includes the manufacture and sale of laboratory
equipment for research in life science, biotechnology, micro and molecular
biology, food development, quality control, etc.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 550.0.065.045-8 / 8587
Legal
form: Limited liability
company
Registration: 10.08.1984
Legal
status: active
Responsible
Register: Registre du commerce du
canton de Vaud
Auditor: PricewaterhouseCoopers
SA, Pully
History: Date of Statutes:
07.08.2008
Entry Deleted Name
19.08.2008 Thermo
Fisher Scientific (Ecublens) SARL
19.08.2008 Thermo
Fisher Scientific (Ecublens) LLC (Name translated)
19.08.2008 Thermo
Fisher Scientific (Ecublens) GmbH (Name translated)
04.07.2003 A.R.L. Applied
Research Laboratories SA
04.07.2003 19.08.2008 THERMO ELECTRON SA
Entry Deleted Legal domicile
active Ecublens
(VD), Switzerland
Entry Deleted Address
active Chemin
de Verney 2, zone industrielle En Vallaire Ouest C, 1024 Ecublens/VD,
Switzerland/CH
Entry Deleted Capital
active LLC
Capital CHF 4'000'000, paidup CHF 4'000'000
Entry Deleted Capital Structure
active 4'000
Participation shares of CHF 1'000.--
Entry Deleted Activity (original Language)
active L'exploitation
d'une usine de fabrication d'appareils scientifiques, notamment de mesure et
d'analyse spectrographique (pour but complet cf. statuts).
Entry Deleted Remarks (original Language)
active Publishing
authority: Feuille officielle suisse du commerce.
active Reports:
Communications aux associés: par écrit ou par courriel.
19.08.2008 Change
of Corporate Form: La société anonyme THERMO ELECTRON SA est transformée en
société à responsabilité limitée conformément au projet de transformation du 30
juin 2008 et bilan au 31 décembre 2007, présentant des actifs de CHF
140'909'717 et des passifs envers les tiers de CHF 25'659'220, soit un actif
net de CHF 115'250'497, contre attribution à l'actionnaire de 4'000 parts
sociales de CHF 1'000.
Official Administration
Title Name
President Charly
Marti, Origin: Alterswil FR, Switzerland, Address: 1270 Trélex/VD,
Switzerland,
single signature
Management
Title Name
General
Manager Bruno
Delz, Origin: Möhlin, Switzerland, Address: 4144 Arlesheim/BL, Switzerland,
joint signature of two
General
Manager Christian
Galiana, Origin: France, Address: 1025 Saint-Sulpice /VD, Switzerland, single signature
General
Manager Petrus van
der Zande , Origin: Netherlands, Address: Halsteren, Netherlands, single
signature
General
Manager Petter
Oldereide, Origin: Norway, Address: 1288 Aire-la-Ville/GE, Switzerland, single
signature
Member
with procuration Carla
Bryois, Origin: Moudon, Switzerland, Address: 1000 Lausanne/VD, Switzerland,
single power of attorney
Executive board
Title Name
Chief
Executive Officer Charly
Marti
Financial Data Fisher Scientific
Group
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2010 31.12.2009 31.12.2008 31.12.2007 31.12.2006
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Balance Sheet
Intangible fixed
assets 15'311.7 15'319.9 15'100.9
Tangible fixed assets 1'408.6 1'333.4 1'275.3
other fixed assets 494.1 440.8 367.9
Fixed assets 17'214.4 17'094.1 16'744.1
Stocks 1'175.1 1'131.4 1'171.4
Trade accounts
receivable 1'516.8 1'409.6 1'478.1
Liquid assets 917.1 1'564.1 1'280.5
Securities 8.9 7.1 7.5
other trade
accounts 517.1 418.7 408.4
other current
assets 1'443.1 1'989.9 1'696.4
Current assets 4'135.0 4'530.9 4'345.9
Total assets 21'349.4 21'625.0 21'090.0 21'207.4 21'262.2
Capital 10'421.5 11'564.6 11'723.1 1'763.7 1'507.2
Other shareholders
funds 4'939.5 3'866.3 3'203.4
Total shareholders
equity 15'361.0 15'430.9 14'926.5 14'488.3 13'911.8
Other non current
liabilities 4'278.6 4'554.8 4'623.3
Non current
liabilities 4'278.6 4'554.8 4'623.3
short term debt
(financial debts) 105.8 117.5 14.8
Trade accounts
payable 551.0 533.6 539.5
Accruals 894.7 848.4 850.6
other accounts
payable 158.3 139.8 135.3
other current
liabilities 1'053.0 988.2 985.9
Current
liabilities 1'709.8 1'639.3 1'540.2
Shareh. equity,
min. interests + liabilities 21'349.4 21'625.0 21'090.0
Profit and loss
account
Sales 10'788.7 10'109.7 10'498.0
Net sales 10'788.7 10'109.7 10'498.0
Operating revenue 10'788.7 10'109.7 10'498.0 9'746.4 3'791.6
Cost of goods sold 6'350.0 6'085.0 6'291.8
Gross profit 4'438.7 4'024.7 4'206.2
Other operating
expenses 3'173.8 2'975.8 2'976.8
Operating result 1'264.9 1'048.9 1'229.4 974.4 242.0
Interest revenues 12.5 16.1 51.7
other financial
revenues 1.2 4.0
Financial income 13.7 16.1 55.7
Interest expenses 84.7 118.1 151.5
other financial
expenses 29.3 19.8 5.6
Financial expenses 114.0 137.9 157.1
Financial result -100.3 -121.8 -101.4
Result before
extraordinary items 1'164.6 927.1 1'128.0
Extraordinary
income 2.5 5.5
Extraordinary
expenses 1.0
Extraordinary
Result 2.5 -1.0 5.5
Result before
taxes 1'167.1 926.1 1'133.5
Taxes 131.5 75.8 152.6
Result before
minority interests 1'035.6 850.3 980.9 748.4 166.7
minority interests 0.0 0.0 0.0
Result for the
financial year 1'035.6 850.3 980.9
Cash flow
Depreciation 770.0 787.3 792.7 756.8 240.8
Cash flow 1'805.6 1'637.6 1'773.6
Cash flow from
operating activities 1'497.8 1'659.2 1'420.2
Investments in
tangible fixed assets 265.5 207.5 264.4
Cash flow from
investing activities -858.9 -829.5 -450.0
Cash flow from
financing activities -1'295.1 -557.5 -228.4
Others 9.2 11.4 -86.4
Change in
liquidity -647.0 283.6 655.4
Liquidity at
beginning of the year 1'564.1 1'280.5 625.1
Liquidity at end
ot the year 917.1 1'564.1 1'280.5
Notes
Material costs 5'393.6 5'157.9
Research and
Development 84.7 246.1 249.1
Added value 2'021.8 1'831.5 2'077.7
Working Capital 2'140.9 2'007.4 2'110.0
Sales per Employee 0.3 0.3
Gross cost land
and buildings 839.4 820.8 736.4
Gross cost other
tangible fixed assets 1'436.5 1'251.0 538.9
Gross cost total 2'275.9 2'071.8 1'275.3
Employees at year end 37'200 35'400 33'000 30'500
Ultimate Parent Company
Name: Thermo Fisher
Scientific Inc
City/Country: Waltham, United States of
America/US
Owner/-s
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: SwissAnalytic Group
GmbH
City/Country: Reinach, Switzerland/CH
Capital
share: CHF 4'000'000.--
Interest: 100.00% voting right,
100.00% capital interest
Sisters
Name: Flux Instruments AG
City/Country: Reinach, Switzerland/CH
Name: Thermo Fisher
Scientific (Schweiz) AG
City/Country: Reinach, Switzerland/CH
Investments
Class: 100%
Name: Erie-Electroverre SA
City/Country: Romont FR, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Kendro Laboratory
Products plc
City/Country: Cambridge, United Kingdom/GB
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Thermo Fisher
Scientific (Johannesburg) (Probrietary) Ltd.
City/Country: Gauteng , South Africa/ZA
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Thermo Fisher
Scientific (Zürich) AG
City/Country: Zürich, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Legal Actions
Control date Year No. Amount CHF Status
30.11.2010 2010 0
30.11.2010 2009 0
30.11.2010 2008 0
30.11.2010 2007 0
30.11.2010 2006 0
28.04.2009 2005 0
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.
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 in order.
Payment
experiences: Payments are made with
arranged conditions.
Maximum
Credit: CHF 500'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.38 |
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UK Pound |
1 |
Rs.73.31 |
|
Euro |
1 |
Rs.63.70 |
RATING EXPLANATIONS
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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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.