MIRA INFORM REPORT

 

 

Report Date :           

25.04.2012

 

IDENTIFICATION DETAILS

 

Name :

BRUKER AXS GmbH

 

 

Registered Office :

Östliche Rheinbrückenstr. 49, D 76187 Karlsruhe

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

05.07.1996

 

 

Com. Reg. No.:

HRB 107524

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Non-specialized wholesale of raw materials and  half-finished and finished goods

 

 

No. of Employees :

320

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

250,000 EUR

Status :

Satisfactory

Payment Behaviour :

No Complaints

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, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

Germany

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

BRUKER AXS GmbH

 

 

Company address

 

Östliche Rheinbrückenstr. 49

D 76187 Karlsruhe

Telephone:        0721/5952888

Telefax:             0721/5954587

Homepage:        www.bruker-axs.de

E-mail:              info@bruker-axs.de

 

 

VAT no     

 

DE812037551

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

 LEGAL FORM              Private limited company

 Date of foundation:        05.07.1996

 Shareholders'

 agreement:                   05.07.1996

 Registered on:              05.07.1996

 Commercial Register:    Local court 68159 Mannheim

 under:                          HRB 107524

Share capital:                 EUR          6,000,000.00

 

 


Shareholder

 

Bruker AXS Inc.

6300 Enterprise Lane

USA  Madison, WI 53719

Legal form: Other legal form

Share:             EUR          6,000,000.00

 

 

Manager

 

Bernhard Kolodziej

Am Schloßberg 1

D 76889 Pleisweiler-Oberhofen

having sole power of representation

born: 10.03.1966

 

Manager:

Stephan Franz Westermann

D 51702 Bergneustadt

born: 24.11.1967

 

 

Proxy

 

Bernd Masling

Manteuffelstr. 13

D 22587 Hamburg

authorized to jointly represent the company

born: 11.06.1953

Profession: Businessman

 

Proxy:

Dr.rer.nat. Hans Mathias Lutz Brügemann

Malscher Str. 5

D 76448 Durmersheim

authorized to jointly represent the company

born: 26.06.1958

 

Proxy:

Dirk Bernhard Woll

Am Ziegelhof 16

D 66128 Saarbrücken

authorized to jointly represent the company

born: 05.09.1966

Marital status: unknown


Further functions/participations of Bernhard Kolodziej (Manager)

 

 Manager:

                      Bruker Elemental GmbH

                      Kastellstr. 31-35

                      D 47546 Kalkar

                      Legal form: Private limited company

                      Share capital:     EUR            680,000.00

                      Registered

                      on:         15.07.2002

                      Reg. data:  47533 Kleve, HRB 2541

 Manager:

                      Bruker Nano GmbH

                      Schwarzschildstr. 12

                      D 12489 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR            330,000.00

                      Registered

                      on:         15.12.2005

                      Reg. data:  14057 Berlin, HRB 99662 B

 

Further functions/participations of Stephan Franz Westermann

(Manager)

 

 Manager:

                      Bruker-Physik GmbH

                      Rudolf-Plank-Str. 23

                      D 76275 Ettlingen

                      Legal form: Private limited company

                      Share capital:     EUR          8,500,000.00

                      Registered

                      on:         23.07.2007

                      Reg. data:  68159 Mannheim, HRB 702671

 

 

COMPANY HISTORY

 

 05.07.1996 - 30.09.1997  AXS Analytical X-ray Systems GmbH

                          Siemensallee 83

                          D 76187 Karlsruhe

                          Private limited company

 01.10.1997 - 01.10.1997  AXS Analytical X-ray Systems GmbH

                          Östliche Rheinbrückenstr. 50

                          D 76187 Karlsruhe

                          Private limited company

 28.11.1997 - 31.12.2003  BRUKER AXS Analytical X-ray Systems GmbH

                          Östliche Rheinbrückenstr. 50

                          D 76187 Karlsruhe

                          Private limited company

BUSINESS ACTIVITIES

 

Sectors

·         46901   Non-specialized wholesale of raw materials and  half-finished and finished goods

·         71122   Engineering activities in the field of technical sectoral planning andengineering design

·         96090   Other service activities n. e. c.

 

 

PARTICIPATIONS

 

 Shareholder:

                      Bruker Elemental GmbH

                      Kastellstr. 31-35

                      D 47546 Kalkar

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            680,000.00

                      Share:             EUR            680,000.00

                      Reg. data:  15.07.2002

                                  Local court 47533 Kleve

                                  HRB 2541

 Shareholder:

                      incoatec GmbH

                      Max-Planck-Str. 2

                      D 21502 Geesthacht

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             50,000.00

                      Share:             EUR             33,000.00

                      Reg. data:  19.04.2002

                                  Local court 23568 Lübeck

                                  HRB 676 GE

 Shareholder:

                      Bruker Nano GmbH

                      Schwarzschildstr. 12

                      D 12489 Berlin

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            330,000.00

                      Share:             EUR             30,000.00

                      Reg. data:  15.12.2005

                                  Local court 14057 Berlin

                                  HRB 99662 B

 Shareholder:

                      Bruker Nano GmbH

                      Kaiserstr. 100

                      D 52134 Herzogenrath

                      Legal form: Private limited company

                      Company Status: dissolved  since: 12.06.2009

                      Share capital:     EUR             29,000.00

                      Share:             EUR             29,000.00

                      Reg. data:  28.07.1993

                                  Local court 52070 Aachen

                                HRB 5611

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            250,000 EUR

 

Balance sheet year:       2010

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Östliche Rheinbrückenstr. 49

                                    D 76187 Karlsruhe

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

DEUTSCHE BANK, KARLSRUHE, BADEN

Sort. code: 66070004, BIC: DEUTDESM660

 

 

FINANCIAL FIGURES

 

 Turnover:            2010               EUR        111,146,808.00

                      2011               EUR         93,866,500.00

 Profit:              2010               EUR          8,623,835.00

 further business figures:

 Equipment:                              EUR          1,694,932.00

 Ac/ts receivable:                       EUR         25,379,936.00

 Liabillities:                           EUR         35,771,091.00

 Employees:                                                    320

 - thereof permanent staff:                                    103

 

 


BALANCE SHEETS

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 28.02

 Liquidity ratio:                   1.17

 Return on total capital [%]:       9.64

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 20.77

 Liquidity ratio:                   0.66

 Return on total capital [%]:      -1.13

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 20.52

 Liquidity ratio:                   0.87

 Return on total capital [%]:       3.99

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 22.53

 Liquidity ratio:                   1.17

 Return on total capital [%]:       4.28

 

Equity ratio

The equity ratio indicates the portion of the equity as compared  to the total capital. The higher the equity ratio, the better the economic stability (solvency) and thus the financial autonomy of

a company.

 

Liquidity ratio

The liquidity ratio shows the proportion between adjusted  receivables and net liabilities. The higher the ratio, the lower  the company's financial dependancy from external creditors.

 

Return on total capital

The return on total capital shows the efficiency and return on  the total capital employed in the company. The higher the return  on total capital, the more economically does the company work  with the invested capital.


Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR         90,209,826.78

  Fixed assets                           EUR         39,663,143.34

   Intangible assets                     EUR            551,167.41

    Concessions, licences, rights        EUR            139,383.41

    Customer base                        EUR            411,784.00

   Tangible assets                       EUR         10,240,244.18

    Land / similar rights                EUR          7,109,257.46

    Plant / machinery                    EUR          1,185,941.89

    Other tangible assets / fixtures and

    fittings                             EUR          1,694,932.01

    Advance payments made / construction

    in progress                          EUR            250,112.82

   Financial assets                      EUR         28,871,731.75

    Shares in participations /

    subsidiaries and the like            EUR         16,787,211.75

     Shares in related companies         EUR         16,787,211.75

    Loans to participations /

    subsidiaries and the like            EUR         12,084,520.00

     Loans to related companies          EUR         12,084,520.00

  Current assets                         EUR         48,669,886.89

   Stocks                                EUR         10,413,231.80

    Raw materials, consumables and

    supplies                             EUR          3,427,777.54

    Finished goods / work in progress    EUR         19,308,369.74

    Minus received advance payments for

    orders / installments for stocks     EUR        -12,322,915.48

   Accounts receivable                   EUR         25,379,936.19

    Trade debtors                        EUR          6,294,946.10

    Amounts due from related companies   EUR         18,753,454.60

    Other debtors and assets             EUR            331,535.49

   Liquid means                          EUR         12,876,718.90

  Remaining other assets                 EUR          1,876,796.55

   Accruals (assets)                     EUR             73,796.33

   Deferred taxes (assets)               EUR          1,803,000.22

 

 LIABILITIES                             EUR         90,209,826.78

  Shareholders' equity                   EUR         24,175,812.44

   Capital                               EUR          6,000,000.00

    Subscribed capital (share capital)   EUR          6,000,000.00

   Reserves                              EUR          2,435,111.59

    Capital reserves                     EUR          1,431,617.27

    Retained earnings / revenue reserves EUR          1,003,494.32

   Balance sheet profit/loss (+/-)       EUR         15,740,700.85

    Profit / loss brought forward        EUR          7,116,865.99

    Annual surplus / annual deficit      EUR          8,623,834.86

  Provisions                             EUR         27,050,821.04

   Pension provisions and comparable

   provisions                            EUR         10,967,275.00

   Provisions for taxes                  EUR          2,794,953.18

   Other / unspecified provisions        EUR         13,288,592.86

  Liabilities                            EUR         35,771,090.60

   Other liabilities                     EUR         35,771,090.60

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          4,044,891.68

    Liabililties due to related companiesEUR         31,256,343.63

    Unspecified other liabilities        EUR            469,855.29

     thereof liabilities from tax /

     financial authorities               EUR            322,571.55

  Other liabilities                      EUR          3,212,102.70

   Deferrals (liabilities)               EUR          3,206,384.70

   Deferred taxes (not included under

   provisions/liabilities)               EUR              5,718.00

 

 Profit and loss account (cost of sales method) according to Comm.

 Code (HGB)

  Sales                                  EUR        111,146,807.91

  Manufacturing costs                    EUR         72,939,215.59

  Gross result on sales                  EUR         38,207,592.32

  Research and development costs         EUR          8,776,682.46

  Other operating income                 EUR          2,834,158.36

  Other operating expenses               EUR         19,663,837.47

  Operating result from continuing

  operations                             EUR         12,601,230.75

  Result from participating interests

  (+/-)                                  EUR            542,961.60

   Expenses / income from participations EUR            542,961.60

    Income from related companies        EUR            542,961.60

  Interest result (+/-)                  EUR         -1,191,469.10

   Interest and similar income           EUR            211,318.29

    thereof from related companies       EUR            192,390.29

   Interest and similar expenses         EUR          1,402,787.39

    thereof paid to related companies    EUR            748,760.39

  Other financial result                 EUR             65,847.68

   Depreciation on financial assets and

   marketable securities                 EUR            467,000.00

   Other financial income                EUR            535,490.00

   Other financial expenses              EUR              2,642.32

  Financial result (+/-)                 EUR           -582,659.82

  Result from ordinary operations (+/-)  EUR         12,018,570.93

  Income tax / refund of income tax (+/-)EUR         -3,373,786.01

  Other taxes / refund of taxes          EUR            -20,950.06

  Tax (+/-)                              EUR         -3,394,736.07

  Annual surplus / annual deficit        EUR          8,623,834.86

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR         76,019,414.83

  Fixed assets                           EUR         39,385,065.28

   Intangible assets                     EUR            521,502.86

    Concessions, licences, rights        EUR            237,914.86

    Customer base                        EUR            283,588.00

   Tangible assets                       EUR          9,589,366.25

    Land / similar rights                EUR          7,302,922.51

    Plant / machinery                    EUR            371,330.62

    Other tangible assets / fixtures and

    fittings                             EUR          1,728,422.84

    Advance payments made / construction

    in progress                          EUR            186,690.28

   Financial assets                      EUR         29,274,196.17

    Shares in participations /

    subsidiaries and the like            EUR         16,975,166.17

     Shares in related companies         EUR         16,975,166.17

    Loans to participations /

    subsidiaries and the like            EUR         12,299,030.00

     Loans to related companies          EUR         12,299,030.00

  Current assets                         EUR         34,472,672.61

   Stocks                                EUR         10,141,217.83

    Raw materials, consumables and

    supplies                             EUR          3,111,661.18

    Finished goods / work in progress    EUR         19,785,669.35

    Advance payments made                EUR             24,169.93

    Minus received advance payments for

    orders / installments for stocks     EUR        -12,780,282.63

   Accounts receivable                   EUR         15,837,689.40

    Trade debtors                        EUR          3,512,121.56

    Amounts due from related companies   EUR         11,227,447.52

    Other debtors and assets             EUR          1,098,120.32

   Liquid means                          EUR          8,493,765.38

  Remaining other assets                 EUR          2,161,676.94

   Accruals (assets)                     EUR             58,987.94

   Deferred taxes (assets)               EUR          2,102,689.00

 

 LIABILITIES                             EUR         76,019,414.83

  Shareholders' equity                   EUR         15,551,977.58

   Capital                               EUR          6,000,000.00

    Subscribed capital (share capital)   EUR          6,000,000.00

   Reserves                              EUR          2,435,111.59

    Capital reserves                     EUR          1,431,617.27

    Retained earnings / revenue reserves EUR          1,003,494.32

   Balance sheet profit/loss (+/-)       EUR          7,116,865.99

    Profit / loss brought forward        EUR         10,003,499.58

    Annual surplus / annual deficit      EUR         -2,886,633.59

  Provisions                             EUR         24,261,584.21

   Pension provisions and comparable

   provisions                            EUR         10,016,526.00

   Provisions for taxes                  EUR          1,260,724.12

   Other / unspecified provisions        EUR         12,984,334.09

  Liabilities                            EUR         33,009,262.83

   Other liabilities                     EUR         33,009,262.83

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          5,275,929.59

    Liabililties due to related companiesEUR         27,124,745.01

    Unspecified other liabilities        EUR            608,588.23

     thereof liabilities from tax /

     financial authorities               EUR            329,245.27

  Other liabilities                      EUR          3,196,590.21

   Deferrals (liabilities)               EUR          3,194,714.21

   Deferred taxes (not included under

   provisions/liabilities)               EUR              1,876.00

  Guarantees and other commitments       EUR          1,707,000.00

   Other guarantees and other commitmentsEUR          1,707,000.00

 

 Profit and loss account (cost of sales method) according to Comm.

 Code (HGB)

  Sales                                  EUR         98,377,043.58

  Manufacturing costs                    EUR         68,574,868.44

  Gross result on sales                  EUR         29,802,175.14

  Distribution costs                     EUR         13,626,189.87

  General administration expenses        EUR          3,597,608.26

  Research and development costs         EUR          8,380,821.14

  Other operating income                 EUR          2,099,049.11

  Other operating expenses               EUR          1,764,991.58

  Operating result from continuing

  operations                             EUR          4,531,613.40

  Result from participating interests

  (+/-)                                  EUR          3,796,339.50

   Expenses / income from participations EUR          3,796,339.50

    Income from related companies        EUR          3,796,339.50

  Interest result (+/-)                  EUR           -341,431.29

   Interest and similar income           EUR            359,652.04

    thereof from related companies       EUR            288,622.10

   Interest and similar expenses         EUR            701,083.33

    thereof paid to related companies    EUR            630,443.30

  Other financial result                 EUR         -8,447,939.30

   Depreciation on financial assets and

   marketable securities                 EUR          8,447,939.30

  Financial result (+/-)                 EUR         -4,993,031.09

  Result from ordinary operations (+/-)  EUR           -461,417.69

  Extraordinary income                   EUR            301,192.62

  Extraordinary expenses                 EUR          2,330,591.00

  Extraordinary result (+/-)             EUR         -2,029,398.38

  Income tax / refund of income tax (+/-)EUR           -377,361.51

  Other taxes / refund of taxes          EUR            -18,456.01

  Tax (+/-)                              EUR           -395,817.52

  Annual surplus / annual deficit        EUR         -2,886,633.59


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.52.79

UK Pound

1

Rs.85.17

Euro

1

Rs.69.53

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.