|
Report Date : |
20.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
VARIAN MEDICAL SYSTEMS INTERNATIONAL AG |
|
|
|
|
Registered Office : |
Chollerstrasse 38 Postfach 6303 6300 Zug |
|
|
|
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Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
30.10.1959 |
|
|
|
|
Com. Reg. No.: |
170.3.001.584-3 / 454212 |
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|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Manufacture of irradiation, electromedical
and electrotherapeutic equipment |
|
|
|
|
No. of Employees : |
140 |
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 |
|
Status : |
Good |
|
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) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Varian Medical
Systems International AG
Operating
address:
Chollerstrasse 38
Postfach 6303
6300 Zug
Switzerland/CH
Telephone: 041
7498844
Fax: 041
7403340
Web
site: http://www.varian.com
E-mail: info.europe@ch.varian.com
VAT-No.: CHE105742500
Established: 1959
Line
of Business: Medical technology,
Consumer goods wholesale
Industry
Division: Manufacturing,
Wholesale trade
Industry-code (NACE): 2660 Manufacture of irradiation, electromedical
and electrotherapeutic equipment
4669 Wholesale of other machinery and
equipment
Import/Export: Import, Export
Quality
certification: ISO 9001
Banks: CS Credit Suisse
UBS Ltd
Coverage: Company
Figures: approximately
Employees: 140
Sales: CHF 200-400 Mio
Varian Medical Systems radiates success in
electrotherapeutics. The company works mainly with products related to x-rays
and radiation treatment of cancer. The company's oncology unit makes linear
accelerators, simulators, and data management software, primarily for cancer
radiotherapy. Other cancer treatment offerings include devices for
brachytherapy, a treatment that protects healthy tissue through the use of
radiation implants. Varian Medical Systems' X-ray unit makes imaging subsystems
and X-ray-generating tubes for medical imaging, security, and OEM applications.
Information on property ownership was not
available.
Company
No: 170.3.001.584-3 /
454212
Legal
form: Company limited
by shares
Registration: 30.10.1959
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
Auditor: PricewaterhouseCoopers
AG, Zürich
History: Date of Statutes:
17.03.1989
Date of
Statutes: 26.03.1999
Date of
Statutes: 08.04.1997
Entry Deleted Name
06.04.1999 Varian
Medical Systems International AG
06.04.1999 Varian
Medical Systems International Ltd (Name translated)
06.04.1999 Varian
Medical Systems International SA (Name translated)
06.04.1999 Varian International AG
Entry Deleted Legal domicile
active Zug,
Switzerland
Entry Deleted Address
26.04.1995 Chollerstrasse
38, 6300 Zug/ZG, Switzerland/CH
26.04.1995 Steinhauserstrasse, 6300 Zug/ZG,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 400'000, paidup CHF 400'000
Entry Deleted Capital Structure
active 400
Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
active Vertrieb
von elektronischen und technischen Einrichtungen jeder Art sowie deren
Bestandteilen, hauptsächlich von solchen Einrichtungen und Bestandteilen, die
durch Varian Associates Inc. oder deren Tochtergesellschaften hergestellt oder
lizenziert wurden, Handel jeder Art sowie Forschungs- und Entwicklungsarbeiten
auf dem Gebiete elektronischer und technischer Einrichtungen, Erwerb, Halten
und Verkauf von Patenten und immateriellen Güterrechten jeder Art, Erwerb und
Vergebung von Lizenzen jeder Art, Erwerb, Verwaltung und Verkauf von
Grundstücken sowie Beteiligung an Unternehmungen, die auf dem Gebiete von
elektronischen und technischen Einrichtungen tätig sind
.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
active Merger:
Übernahme infolge Fusion: Die Aktiven von CHF 26'378'817.00 und die Passiven
von CHF 26'178'817.00 der "Varian AG", in Zug, gemäss Fusionsvertrag
vom 17.03.1989 und Bilanz per 30.09.1988, nach Massgabe von Art. 748 OR. Für
den Aktivenüberschuss von CHF 200'000.00 erhalten die Aktionäre der
"Varian AG" 200 Namenaktien zu CHF 1'000.00 der "Varian
International AG".
22.04.1997 Note:
Ferner Aenderung nicht publikationspflichtiger Tatsachen
26.04.1995 Adress:
Adressänderung zufolge behördlicher Umbenennung
22.04.1997 Merger: Aktiven und Passiven der Firma
"Varian Aerograph AG", Zug (Art. 748 OR).
22.04.1997 Merger: Uebernahme sämtlicher Aktiven und
Passiven der "Eitel-McCullough Electronic AG", Zug, Bilanz per
29.07.1967.
Entry Deleted Branches
06.08.2003 Neuenhoferstrasse 107, 5400 Baden/AG,
Switzerland/CH
14.05.1999 , Basel/BS, Switzerland/CH
Title Name
President John
Wei-Ching Kuo, Origin: United States of America, Address: Saratoga, United
States of America, single signature, Registered since: 14.06.2006
Vice-President Fritz Oderbolz,
Origin: Tübach, Switzerland, Address: 6331 Hünenberg/ZG, Switzerland, single
signature
Executive
Director Ernst
Derrer, Origin: Niederhasli, Switzerland, Address: 6330 Cham/ZG, Switzerland,
single signature, Registered since: 20.04.2004
Executive
Director Michael
Sandhu, Origin: United Kingdom, Address: 6340 Baar/ZG, Switzerland, single
signature, Registered since: 05.06.2007
Executive
Director Oscar Gils
Carbo, Origin: United States of America, Address: Foster City, United States of
America, single signature, Registered since: 05.06.2007
Title Name
Member
with procuration Mario
Cavallari, Origin: Alpnach, Switzerland, Address: 6340 Baar/ZG, Switzerland,
single power of attorney, Registered since: 20.04.2004
Member
with procuration Fernando
Martin, Origin: Spain, Address: 6314 Unterägeri/ZG, Switzerland, single power
of attorney, Registered since: 05.06.2007
Member
with procuration Rolf
Stähelin, Origin: Sommeri, Switzerland, Address: 8952 Schlieren/ZH,
Switzerland, single power of attorney, Registered since: 05.06.2007
Member
with procuration Roger
Leibundgut, Origin: Rüegsau, Switzerland, Address: 6289 Müswangen/LU,
Switzerland, single power of attorney, Registered since: 05.06.2007
Title Name
Chief
Executive Officer Fritz
Oderbolz
Chief
Marketing Officer Rolf
Stähelin
Chief
Human Resources Officer Mario
Cavallari
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 30.09.2011 30.09.2010 30.09.2009 30.09.2008 30.09.2007
Number of months: 12 12 12 12 12
Currency: th.
USD th. USD th. USD th. USD th.
USD
Intangible fixed
assets 212'452.0 208'451.0
Tangible fixed
assets 285'894.0 267'927.0
other fixed assets 145'798.0 166'230.0
Fixed assets 644'144.0 642'608.0
Stocks 409'962.0 363'933.0
Trade accounts
receivable 635'153.0 591'677.0
Liquid assets 564'457.0 520'221.0
Securities 19'205.0
other trade
accounts 225'840.0 205'513.0
Other current
assets 809'502.0 725'734.0
Current assets 1'854'617.0 1'681'344.0
Total assets 2'498'761.0 2'323'952.0 2'308'200.0 1'975'512.0 1'684'375.0
Capital 112'344.0 118'007.0
Other shareholders
funds 1'131'547.0 1'157'360.0
Total shareholders
equity 1'243'891.0 1'275'367.0 1'311'800.0 1'027'185.0 821'455.0
long term debt
(financial debts) 6'250.0 17'869.0
Other non current
liabilities 122'708.0 127'175.0
Non current
liabilities 128'958.0 145'044.0
short term debt
(financial debts) 181'400.0 20'000.0
Trade accounts
payable 154'946.0 119'018.0
Accruals 290'009.0 287'851.0
other accounts
payable 499'557.0 476'672.0
other current
liabilities 789'566.0 764'523.0
Current
liabilities 1'125'912.0 903'541.0
Shareh. equity,
min. interests + liabilities 2'498'761.0 2'323'952.0
Sales 2'596'666.0 2'356'585.0
Net sales 2'596'666.0 2'356'585.0
Operating revenue 2'596'666.0 2'356'585.0 2'214'100.0 2'069'730.0 1'755'072.0
Cost of goods sold 1'460'777.0 1'330'943.0
Gross profit 1'135'889.0 1'025'642.0
Other operating
expenses 547'438.0 491'440.0
Operating result 588'451.0 534'202.0 474'100.0 419'404.0 338'625.0
Interest revenues 2'858.0 2'831.0
Financial income 2'858.0 2'831.0
Interest expenses 2'599.0 4'108.0
Financial expenses 2'599.0 4'108.0
Financial result 259.0 -1'277.0
Result before
extraordinary items 588'710.0 532'925.0
Extraordinary
expenses 9'693.0 7'059.0
Extraordinary
Result -9'693.0 -7'059.0
Result before
taxes 579'017.0 525'866.0
Taxes 180'084.0 165'444.0
Result before
minority interests 398'933.0 360'422.0 319'000.0 279'500.0 239'500.0
Result for the
financial year 398'933.0 360'422.0
Depreciation 49'643.0 44'973.0 44'600.0 32'247.0 26'957.0
Cash flow 448'576.0 405'395.0
Cash flow from
operating activities 472'779.0 460'786.0
Investments in
tangible fixed assets 70'928.0 67'545.0 62'600.0 81'424.0 64'135.0
Cash flow from investing
activities -117'932.0 -74'815.0
Cash flow from
financing activities -311'335.0 -422'175.0
Others 724.0 2'896.0
Change in
liquidity 44'236.0 -33'308.0
Liquidity at
beginning of the year 520'221.0 553'529.0
Liquidity at end
ot the year 564'457.0 520'221.0
Research and
Development 170'725.0 156'748.0
Added value 631'259.0 529'974.0
Working Capital 890'169.0 836'592.0
Sales per Employee 455.6
Gross cost land
and buildings 254'500.0 231'800.0
Gross cost other
tangible fixed assets 346'600.0 331'000.0
Gross cost total 601'100.0 562'800.0
Employees at year end 5'700 5'100 4'900 4'300
Name: Varian Medical Systems
Inc
City/Country: Palo Alto, United States of
America/US
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Varian Medical Systems
Inc
City/Country: Palo Alto, United States of
America/US
Name: Bio-Imaging Research,
Inc
City/Country: Illinois, United States of
America/US
Name: Centella
Biotechnologies, Inc
City/Country: Delaware, United States of
America/US
Name: Mansfield Insurance
Company
City/Country: Vermont, United States of
America/US
Name: Page Mill Corporation
City/Country: Massachusetts, United States of
America/US
Name: Pan-Pacific Enterprises,
Inc
City/Country: Delaware, United States of
America/US
Name: Varian BioSynergy, Inc
City/Country: Delaware, United States of
America/US
Name: Varian China Holdings,
Inc
City/Country: Delaware, United States of
America/US
Name: Varian FSC B.V
City/Country: Netherlands/NL
Name: Varian Medical France
City/Country: France/FR
Name: Varian Medical Systems
Australasia Pty Ltd
City/Country: Australia/AU
Name: Varian Medical Systems
Beijing Co. Ltd
City/Country: China/CN
Name: Varian Medical Systems
Belgium N.V
City/Country: Belgium/BE
Name: Varian Medical Systems
Brasil Limitada
City/Country: Brazil/BR
Name: Varian Medical Systems
Canada Holdings, Inc.
City/Country: Delaware, United States of
America/US
Name: Varian Medical Systems
Canada, Inc
City/Country: Canada/CA
Name: Varian Medical Systems
Deutschland G.m.b.H.
City/Country: Germany/DE
Name: Varian Medical Systems
Deutschland Holdings G.m.b.H
City/Country: Germany/DE
Name: Varian Medical Systems
Finland OY
City/Country: Finland/FI
Name: Varian Medical Systems
Gesellschaft m.b.H.
City/Country: Austria/AT
Name: Varian Medical Systems
Haan G.m.b.H
City/Country: Germany/DE
Name: Varian Medical Systems
Iberica S.L
City/Country: Spain/ES
Name: Varian Medical Systems
India Pvt. Ltd
City/Country: Delaware, United States of
America/US
Name: Varian Medical Systems
India Software Pvt. Ltd.
City/Country: India/IN
Name: Varian Medical Systems
International Holdings, Inc.
City/Country: Delaware, United States of
America/US
Name: Varian Medical Systems
International (India) Pvt. Ltd. India
City/Country: India/IN
Name: Varian Medical Systems
Italia S.p.A.
City/Country: Italy/IT
Name: Varian Medical Systems
K.K. Japan
City/Country: Japan/JP
Name: Varian Medical Systems
Latin America, Ltd
City/Country: Delaware, United States of
America/US
Name: Varian Medical Systems
Mauritius Ltd
City/Country: Mauritius/MU
Name: Varian Medical Systems
Nederland B.V
City/Country: Netherlands/NL
Name: Varian Medical Systems
Nederland Holdings B.V.
City/Country: Netherlands/NL
Name: Varian Medical Systems
Pacific, Inc.
City/Country: Delaware, United States of
America/US
Name: Varian Medical Systems
Particle Therapy GmbH
City/Country: Germany/DE
Name: Varian Medical Systems
(RUS) LLC
City/Country: Russia/RU
Name: Varian Medical Systems
Scandinavia AS
City/Country: Denmark/DK
Name: Varian Medical Systems
Trading (Beijing) Co., Ltd
City/Country: China/CN
Class: 100%
Name: Varian Medical Systems
Imaging Laboratory GmbH
City/Country: Baden-Dättwil, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest (since 2003)
Control date Year No. Amount CHF Status
09.10.2009 2009 0
09.10.2009 2008 0
09.10.2009 2007 0
09.10.2009 2006 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.
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 good.
Payment
experiences: Financial obligations are
paid promptly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.38 |
|
|
1 |
Rs.86.75 |
|
Euro |
1 |
Rs.68.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.