|
Report Date : |
04.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
BRUKER DALTONIK GMBH |
|
|
|
|
Registered Office : |
Fahrenheitstr.
4, D 28359 Bremen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
13.05.1980 |
|
|
|
|
Com. Reg. No.: |
HRB 8150 HB |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture
of technical instruments and supplies for medical purposesn.e.c. |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
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 |
GERMANY - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms
and Europe's largest - is a leading exporter of machinery, vehicles, chemicals,
and household equipment and benefits from a highly skilled labor force. Like
its Western European neighbors, Germany faces significant demographic
challenges to sustained long-term growth. Low fertility rates and declining net
immigration are increasing pressure on the country's social welfare system and
necessitate structural reforms. Reforms launched by the government of
Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address
chronically high unemployment and low average growth, contributed to strong
growth in 2006 and 2007 and falling unemployment. These advances, as well as a
government subsidized, reduced working hour scheme, help explain the relatively
modest increase in unemployment during the 2008-09 recession - the deepest
since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in
2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable
primarily to rebounding manufacturing orders and exports - increasingly outside
the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012,
a reflection of the worsening euro-zone financial crisis and the financial
burden it places on Germany as well as falling demand for German exports.
Domestic demand is therefore becoming a more significant driver of Germany's
economic expansion. Stimulus and stabilization efforts initiated in 2008 and
2009 and tax cuts introduced in Chancellor Angela MERKEL's second term
increased Germany's budget deficit to 3.3% in 2010, but slower spending and
higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3%
limit. A constitutional amendment approved in 2009 limits the federal
government to structural deficits of no more than 0.35% of GDP per annum as of
2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela
Merkel announced in May 2011 that eight of the country's 17 nuclear reactors
would be shut down immediately and the remaining plants would close by 2022.
Germany hopes to replace nuclear power with renewable energy. Before the
shutdown of the eight reactors, Germany relied on nuclear power for 23% of its
energy and 46% of its base-load electrical production.
Source : CIA
Bruker
Daltonik GmbH
Fahrenheitstr.
4
D 28359
Bremen
Telephone: 0421/2205-0
Telefax: 0421/2205-100
Homepage:
www.bdal.de
E-mail: sales@bdal.de
VAT
no.: DE114404287
Business
relations are permissible.
LEGAL
FORM Private limited company
Date of
foundation: 1980
Registered
on: 13.05.1980
Commercial
Register: Local court 28195 Bremen
under: HRB
8150 HB
Share
capital: EUR 2,556,459.40
Bruker
Daltonics Inc.
44
Manning Road
USA MA
01821 Billerica
Legal
form: Other legal form
Share: EUR 2,300,813.46
Shareholder:
Bruker
BioSciences Corp.
44 Manning
Rod
USA MA
01821 Billerica
Legal
form: Other legal form
Share: EUR 255,645.94
Ian
Sanders
GB Shoreham by Sea
authorized
to jointly represent the company
born:
01.01.1967
Nationality:
British
Manager:
Dr.
Michael Schubert
D 28359
Bremen
authorized
to jointly represent the company
Manager:
Sebastian
Meyer-Plath
D 04416
Markkleeberg
authorized
to jointly represent the company
born:
19.05.1964
Manager:
Stefan
Ruge
D 28195
Bremen
authorized
to jointly represent the company
born:
23.11.1970
Dr.
Norbert Klöpper
D 04029
Leipzig
authorized
to jointly represent the company
born:
30.08.1970
Proxy:
Dr.
Wolfgang Pusch
D 28359
Bremen
authorized
to jointly represent the company
born:
08.11.1966
Proxy:
Dr.
Thomas Ludwig
D 64283
Darmstadt
authorized
to jointly represent the company
born:
03.08.1964
13.05.1980
- 16.10.1998 Bruker-Franzen Analytik
GmbH
Fahrenheitstr.
4
D 28359
Bremen
Private
limited company
15.03.2005
- 05.06.2012 Manager
Frank
Laukien
USA
boston
Main
industrial sector
32501 Manufacutre of technical instruments and
supplies for
medical
purposesn.e.c.
46184 Agents involved in the sale of
pharmaceutical goods,
medical
and orthopedic goods, laborary supplies, medical and
dental
supplies, dental instruments
Branch:
Bruker
Daltonik GmbH
Permoserstr.
15
D 04318
Leipzig
TEL.:
0341-24313-0
FAX.: 0341-2431313
Reg.
entry: 12.12.2002
Shareholder:
Bruker
Saxonia Mechanik GmbH
Permoserstr.
15
D 04318
Leipzig
Legal
form: Private limited company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 24.06.2008
Local
court 04275 Leipzig
HRB
24172
Payment
experience: within agreed terms
Negative
information:We have no negative information at hand.
Balance
sheet year: 2010
Type of
ownership: Tenant
Address Fahrenheitstr. 4
D 28359
Bremen
Type of
ownership: proprietor
Share: 100.00 %
Address Permoserstr. 15
D 04318
Leipzig
Value at
selling price: EUR 10,000,000.00
Land
register documents were not available.
Principal
bank
SPARKASSE
BREMEN, BREMEN
Sort.
code: 29050101, BIC: SBREDE22XXX
Further
bank
COMMERZBANK
VORMALS BREMER BANK (DRESDNER BANK), BREMEN
Sort.
code: 29080010, BIC: DRESDEFF290
Turnover: 2010 EUR 125,496,271.00
2011 EUR 102,000,000.00
Profit: 2010 EUR 6,813,241.00
further
business figures:
Equipment: EUR 2,148,067.00
Ac/ts
receivable:
EUR 37,980,274.00
Liabilities: EUR 59,932,617.00
Employees:
489
-
Trainees: 2
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 42.38
Liquidity
ratio: 0.75
Return
on total capital [%]: 4.98
Balance
sheet grade: 2.4
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 54.14
Liquidity
ratio: 0.93
Return
on total capital [%]: 10.13
Balance
sheet grade: 1.7
Balance sheet
ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 49.08
Liquidity
ratio: 0.89
Return
on total capital [%]: 6.38
Balance
sheet grade: 2.1
Balance
sheet ratios 01.01.2007 - 31.12.2007
Equity
ratio [%]: 54.59
Liquidity
ratio: 2.28
Return
on total capital [%]: 2.52
Balance
sheet grade: 1.9
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 146,836,340.76
Fixed
assets EUR 72,388,036.71
Intangible
assets EUR 480,867.68
Concessions,
licences, rights EUR 318,776.43
Advance
payments for intang. assets EUR 162,091.25
Tangible
assets EUR 21,470,957.60
Land /
similar rights EUR 14,952,977.60
Plant /
machinery EUR 4,369,913.00
Other
tangible assets / fixtures and
fittings EUR
2,148,067.00
Financial
assets EUR 50,436,211.43
Shares in
participations /
subsidiaries
and the like EUR 28,936,211.43
Shares in
related companies EUR 546,357.23
Shares in
investee companies EUR 28,389,854.20
Loans to
participations /
subsidiaries
and the like EUR 21,500,000.00
Loans to
related companies EUR 21,500,000.00
Current
assets EUR 74,376,635.51
Stocks EUR 28,657,654.41
Raw
materials, consumables and
supplies EUR 6,615,925.34
Finished
goods / work in progress EUR 21,997,421.59
Advance
payments made EUR 44,307.48
Accounts
receivable EUR 37,980,273.96
Trade
debtors EUR 6,732,908.46
Amounts
due from related companies EUR 29,585,208.07
Other
debtors and assets EUR 1,662,157.43
Liquid
means EUR 7,738,707.14
Remaining
other assets EUR 71,668.54
Accruals
(assets) EUR 71,668.54
LIABILITIES EUR 146,836,340.76
Shareholders'
equity EUR 53,054,583.23
Capital EUR 2,556,459.41
Subscribed
capital (share capital) EUR 2,556,459.41
Reserves EUR 1,345,679.22
Capital
reserves EUR 450,918.43
Retained
earnings / revenue reserves EUR
894,760.79
Balance
sheet profit/loss (+/-) EUR 49,152,444.60
Profit /
loss brought forward EUR 42,339,203.90
Annual
surplus / annual deficit EUR 6,813,240.70
Provisions EUR 30,541,770.19
Provisions
for taxes EUR 5,632,724.42
Other /
unspecified provisions EUR 24,909,045.77
Liabilities EUR 59,932,617.14
Other
liabilities EUR 59,932,617.14
Trade
creditors (for IAS incl. bills
of
exchange)
EUR 2,147,012.44
Liabilities
from received advance
payments EUR 8,356,031.38
Liabilities
due to shareholders EUR 14,980,847.49
Liabililties
due to related companiesEUR
32,474,764.35
Unspecified
other liabilities EUR 1,973,961.48
thereof
liabilities from tax /
financial
authorities EUR 909,398.21
thereof
liabilities from social
security EUR 49,184.47
Other
liabilities EUR 3,307,370.20
Deferrals
(liabilities) EUR 3,307,370.20
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 125,496,271.31
Inventory
change + own costs (+/-) EUR 7,046,198.71
Inventory
change (+/-) EUR 5,534,703.00
Capitalised
own costs EUR 1,511,495.71
Other
operating income EUR 4,275,261.30
Cost of
materials EUR 61,560,153.99
Raw
materials and supplies, purchased
goods EUR 50,568,415.62
Purchased
services EUR 10,991,738.37
Gross
result (+/-) EUR 75,257,577.33
Staff
expenses EUR 33,658,351.90
Wages and
salaries EUR 29,136,439.28
Social
security contributions and
expenses
for pension plans and
benefits EUR 4,521,912.62
Total
depreciation EUR 4,904,044.02
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 4,904,044.02
Other operating
expenses EUR 22,724,664.21
Operating
result from continuing
operations EUR 13,970,517.20
Result
from participating interests
(+/-) EUR 669,876.76
Expenses
/ income from participations EUR
669,876.76
Income
from transfer of profits EUR 669,876.76
Interest
result (+/-) EUR -444,187.11
Interest
and similar income EUR 884,622.23
thereof
from related companies EUR 841,961.49
Interest
and similar expenses EUR 1,328,809.34
thereof
paid to related companies EUR 814,259.87
Financial
result (+/-) EUR 225,689.65
Result
from ordinary operations (+/-) EUR 14,196,206.85
Income
tax / refund of income tax (+/-)EUR
-7,231,723.95
Other
taxes / refund of taxes EUR -151,242.20
Tax
(+/-)
EUR -7,382,966.15
Annual
surplus / annual deficit EUR 6,813,240.70
Type of
balance
sheet: Company balance sheet
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 110,714,653.67
Fixed
assets EUR 63,024,620.64
Intangible
assets EUR 203,523.43
Concessions,
licences, rights EUR 203,523.43
Tangible
assets EUR 23,515,013.55
Land /
similar rights EUR 16,370,562.52
Plant /
machinery EUR 5,157,495.00
Other
tangible assets / fixtures and
fittings EUR 1,980,999.00
Advance
payments made / construction
in progress EUR 5,957.03
Financial
assets EUR 39,306,083.66
Shares in
participations /
subsidiaries
and the like EUR 28,806,083.66
Shares in
related companies EUR 416,229.46
Shares in
investee companies EUR 28,389,854.20
Loans to
participations /
subsidiaries
and the like EUR 10,500,000.00
Loans to
related companies EUR 10,500,000.00
Current
assets EUR 47,664,333.25
Stocks EUR 22,731,263.71
Raw
materials, consumables and
supplies EUR 6,255,813.39
Finished
goods / work in progress EUR 16,462,718.59
Advance
payments made EUR 12,731.73
Accounts
receivable EUR 16,799,280.03
Trade
debtors EUR 6,995,834.65
Amounts
due from related companies EUR 9,220,425.94
Other
debtors and assets EUR 583,019.44
Liquid
means EUR 8,133,789.51
Remaining
other assets EUR 25,699.78
Accruals
(assets) EUR 25,699.78
LIABILITIES EUR 110,714,653.67
Shareholders'
equity EUR 46,241,342.53
Capital EUR 2,556,459.41
Subscribed
capital (share capital) EUR 2,556,459.41
Reserves EUR 1,345,679.22
Capital
reserves EUR 450,918.43
Retained
earnings / revenue reserves EUR
894,760.79
Balance
sheet profit/loss (+/-) EUR 42,339,203.90
Profit /
loss brought forward EUR 31,211,237.14
Annual
surplus / annual deficit EUR 11,127,966.76
Provisions EUR 22,920,893.50
Provisions
for taxes EUR 1,742,458.00
Other /
unspecified provisions EUR 21,178,435.50
Liabilities EUR 39,428,550.73
Financial
debts EUR 212,300.00
Liabilities
due to banks EUR 212,300.00
Other
liabilities EUR 39,216,250.73
Trade
creditors (for IAS incl. bills
of
exchange)
EUR 2,709,589.24
Liabilities
from received advance
payments EUR 3,676,170.06
Liabilities
due to shareholders EUR 14,077,452.67
Liabililties
due to related companiesEUR
17,160,544.10
Unspecified
other liabilities EUR 1,592,494.66
thereof
liabilities from tax /
financial
authorities EUR 712,849.46
thereof
liabilities from social
security EUR 46,328.49
Other
liabilities EUR 2,123,866.91
Deferrals
(liabilities) EUR 2,123,866.91
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 101,002,668.99
Inventory
change + own costs (+/-) EUR 2,455,956.09
Inventory
change (+/-) EUR -330,155.06
Capitalised
own costs EUR 2,786,111.15
Other
operating income EUR 18,425,340.49
Cost of
materials EUR 46,200,067.21
Raw
materials and supplies, purchased
goods EUR 38,132,836.38
Purchased
services EUR 8,067,230.83
Gross
result (+/-) EUR 75,683,898.36
Staff
expenses EUR 31,549,892.03
Wages and
salaries EUR 27,410,227.25
Social
security contributions and
expenses
for pension plans and
benefits EUR 4,139,664.78
Total
depreciation EUR 5,294,044.46
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 5,294,044.46
Other
operating expenses EUR 22,508,575.89
Operating
result from continuing
operations EUR 16,331,385.98
Interest
result (+/-) EUR -45,438.24
Interest
and similar income EUR 570,551.19
thereof
from related companies EUR 515,371.68
Interest and
similar expenses EUR 615,989.43
thereof
paid to related companies EUR 581,031.86
Financial
result (+/-) EUR -45,438.24
Result
from ordinary operations (+/-) EUR 16,285,947.74
Income tax
/ refund of income tax (+/-)EUR
-5,055,620.24
Other
taxes / refund of taxes EUR -102,360.74
Tax
(+/-)
EUR -5,157,980.98
Annual
surplus / annual deficit EUR 11,127,966.76
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.45 |
|
|
1 |
Rs.87.98 |
|
Euro |
1 |
Rs.69.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.