MIRA INFORM REPORT
|
Report Date : |
23.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
BRUKER AXS GMBH |
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Registered Office : |
Ostliche Rheinbruckenstrasse 49, Karlsruhe, 76187 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment: |
1997 |
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Com. Reg. No.: |
HRB107524 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacturer and development of analytical X-ray systems. |
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No. of Employees : |
306 |
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 |
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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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 6.5% in 2012. GDP contracted
5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7%
in 2012 - a reflection of low investment spending due to crisis-induced
uncertainty and the decreased demand for German exports from recession-stricken
periphery countries. Stimulus and stabilization efforts initiated in 2008 and 2009
and tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's total budget deficit - including federal, state, and municipal - to
4.1% in 2010, but slower spending and higher tax revenues reduced the deficit
to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. 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 though
the target was already reached in 2012. By 2014, the federal government wants
to balance its budget. 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 electricity generating capacity and 46% of its base-load electricity
production
|
Source : CIA |
Company name & address
Bruker AXS GmbH
Ostliche Rheinbruckenstrasse 49
Karlsruhe, 76187
Germany
Tel: 49-721-50997-0
Fax: 49 (721) 50997 5654
Web: www.bruker-axs.de
synthesis
Employees: 306
Company Type: Private Subsidiary
Corporate Family: 106
Companies
Ultimate Parent: Bruker
Corporation
Incorporation Date: 1997
Financials in: usd (millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: Euro
Annual Sales: 178.8
Total Assets: 126.9
Business Description
Manufacture and development of analytical X-ray systems. The range of solutions covers biological crystallography and chemical crystallography, bulk material and surface sensitive X-ray diffraction, atomic force microscopy, wavelength and energy dispersive X-ray fluorescence analysis, optical emission spectroscopy, and combustion analysis
Industry
Industry Electromedical and Control
Instruments Manufacturing
ANZSIC 2006: 2412 - Medical and
Surgical Equipment Manufacturing
ISIC Rev 4: 3250 -
Manufacture of medical and dental instruments and supplies
NACE Rev 2: 3250 - Manufacture
of medical and dental instruments and supplies
NAICS 2012: 334517 -
Irradiation Apparatus Manufacturing
UK SIC 2007: 3250 - Manufacture
of medical and dental instruments and supplies
US SIC 1987: 3844 - X-Ray
Apparatus and Tubes and Related Irradiation Apparatus
Key Executives
|
Name |
Title |
|
Frank Burgazy |
Managing director |
|
Bernard Kolodziej |
Managing director |
|
Peter Ullmer |
Produktion |
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
Corporate Overview
Location
Ostliche RheinbrUckenstrasse 49
Karlsruhe, 76187
Germany
Tel: 49-721-50997-0
Fax: 49 (721) 50997 5654
Web: www.bruker-axs.de
Sales EUR(mil): ` 128.6
Assets EUR(mil): 97.8
Employees: 306
Fiscal Year End: 31-Dec-2011
Industry: Medical
Equipment and Supplies
Incorporation Date: 1997
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(): HRB107524
Parent Registered No.(UK): DEU
Managing director: Bernard
Kolodziej
Industry Codes
ANZSIC 2006 Codes:
2412 - Medical and Surgical Equipment Manufacturing
ISIC Rev 4 Codes:
3250 - Manufacture of medical and dental instruments and supplies
NACE Rev 2 Codes:
3250 - Manufacture of medical and dental instruments and supplies
NAICS 2012 Codes:
334517 - Irradiation Apparatus Manufacturing
US SIC 1987:
3844 - X-Ray Apparatus and Tubes and Related Irradiation Apparatus
UK SIC 2007:
3250 - Manufacture of medical and dental instruments and supplies
Business
Description
Manufacture and
development of analytical X-ray systems. The range of solutions covers
biological crystallography and chemical crystallography, bulk material and
surface sensitive X-ray diffraction, atomic force microscopy, wavelength and
energy dispersive X-ray fluorescence analysis, optical emission spectroscopy,
and combustion analysis
More Business
Descriptions
Laboratory Instrument Mfr
BRUKER AXS GmbH is
primarily engaged in manufacture of instruments and appliances used for
medical, surgical, dental or veterinary purposes (electro-diagnostic apparatus
such as electrocardiographs, ultrasonic diagnostic equipment, scintillation
scanners, nuclear magnetic resonance apparatus, dental drill engines,
sterilizers, ophthalmic instruments); manufacture of syringes, needles used in
medicine, mirrors, reflectors, endoscopes, etc.; manufacture of apparatus based
on the use of X-rays or alpha, beta or gamma radiation whether ornot for use in
human or animal medicine (X-ray tubes, high tension generators, control panels,
desks, screens, etc.); manufacture of medical, surgical, dental or veterinary
furniture (operating tables, hospital beds with
mechanical
fittings, dentists’ chairs); and manufacture of mechano-therapy appliances,
massage apparatus, psychological testing apparatus, ozone therapy, oxygen
therapy, artificial respiration apparatus, gas masks, etc. This class also
includes: manufacture of orthopaedic appliances (crutches, surgical belts and
trusses, splints, artificial teeth, artificial limbs and other artificial parts
of the body, hearing aids, pace-makers, orthopaedic shoes, etc.).
Manufacturing and Reproducing Magnetic and Optical Media
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Corporate Family |
Corporate
Structure News: |
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Bruker
Corporation |
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Bruker AXS GmbH |
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Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Billerica, MA |
United States |
Electromedical and Control Instruments Manufacturing |
1,791.4 |
6,400 |
|
|
|
Subsidiary |
Billerica, MA |
United States |
Electromedical and Control Instruments Manufacturing |
60.1 |
305 |
|
|
|
Subsidiary |
Bergisch Gladbach, Nordrhein-Westfalen |
Germany |
Electrical Equipment and Appliances Manufacturing |
20.2 |
98 |
|
|
|
Subsidiary |
Hanau, Hessen |
Germany |
Electrical Equipment and Appliances Manufacturing |
|
30 |
|
|
|
Subsidiary |
Hanau, Hessen |
Germany |
Electrical Equipment and Appliances Manufacturing |
70.8 |
180 |
|
|
|
Subsidiary |
Perth |
United Kingdom |
Metal Products Manufacturing |
4.1 |
19 |
|
|
|
Subsidiary |
Bremen, Bremen |
Germany |
Electromedical and Control Instruments Manufacturing |
181.9 |
265 |
|
|
|
Subsidiary |
Zurich, Faellanden |
Switzerland |
Electromedical and Control Instruments Manufacturing |
|
500 |
|
|
|
Subsidiary |
Leipzig |
Germany |
Electromedical and Control Instruments Manufacturing |
|
200 |
|
|
|
Subsidiary |
Rivas-Vaciamadrid, Madrid |
Spain |
Electromedical and Control Instruments Manufacturing |
27.7 |
48 |
|
|
|
Subsidiary |
Leipzig, Sachsen |
Germany |
Machinery and Equipment Manufacturing |
|
41 |
|
|
|
Subsidiary |
Frederiksberg, Frederikssund |
Denmark |
Electromedical and Control Instruments Manufacturing |
18.9 |
25 |
|
|
|
Subsidiary |
Solna |
Sweden |
Electromedical and Control Instruments Manufacturing |
10.6 |
25 |
|
|
|
Subsidiary |
Wormer, AB |
Netherlands |
Electromedical and Control Instruments Manufacturing |
|
20 |
|
|
|
Subsidiary |
Bruxelles |
Belgium |
Electromedical and Control Instruments Manufacturing |
0.0 |
14 |
|
|
|
Subsidiary |
Coventry |
United Kingdom |
Electromedical and Control Instruments Manufacturing |
2.3 |
11 |
|
|
|
Subsidiary |
Brno |
Czech Republic |
Architecture and Engineering |
6.3 |
9 |
|
|
|
Division |
Fremont, CA |
United States |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Auburn, CA |
United States |
Electromedical and Control Instruments Manufacturing |
3.0 |
17 |
|
|
|
Subsidiary |
Billerica, MA |
United States |
Electromedical and Control Instruments Manufacturing |
188.6 |
200 |
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Electromedical and Control Instruments Manufacturing |
|
25 |
|
|
|
Subsidiary |
Macerata, Macerata |
Italy |
Electromedical and Control Instruments Manufacturing |
7.8 |
14 |
|
|
|
Subsidiary |
Wissembourg |
France |
Electromedical and Control Instruments Manufacturing |
20.1 |
11 |
|
|
|
Branch |
Fremont, CA |
United States |
Electromedical and Control Instruments Manufacturing |
3.7 |
11 |
|
|
|
Branch |
Fremont, CA |
United States |
Professional and Commercial Equipment Wholesale |
18.8 |
8 |
|
|
|
Subsidiary |
Bruxelles |
Belgium |
Electromedical and Control Instruments Manufacturing |
0.0 |
6 |
|
|
|
Branch |
Friendswood, TX |
United States |
Professional and Commercial Equipment Wholesale |
9.0 |
4 |
|
|
|
Branch |
Bastrop, TX |
United States |
Professional and Commercial Equipment Wholesale |
9.0 |
4 |
|
|
|
Branch |
Raleigh, NC |
United States |
Professional and Commercial Equipment Wholesale |
2.0 |
1 |
|
|
|
Subsidiary |
Cramerview |
South Africa |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Billerica, MA |
United States |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Taipei |
Taiwan |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Billerica, MA |
United States |
Electromedical and Control Instruments Manufacturing |
|
155 |
|
|
|
Subsidiary |
Fallanden |
Switzerland |
Electromedical and Control Instruments Manufacturing |
|
750 |
|
|
|
Branch |
Westmont, IL |
United States |
Electromedical and Control Instruments Manufacturing |
4.2 |
11 |
|
|
|
Subsidiary |
Alexandria, NSW |
Australia |
Electromedical and Control Instruments Manufacturing |
6.4 |
7 |
|
|
|
Branch |
The Woodlands, TX |
United States |
Professional and Commercial Equipment Wholesale |
11.3 |
5 |
|
|
|
Bruker BioSpin MRI, Inc./ Bruker Biospin Nmr Inc. |
Subsidiary |
|
|
|
|
|
|
|
Branch |
Bangkok |
Thailand |
Electromedical and Control Instruments Manufacturing |
|
7 |
|
|
|
Subsidiary |
Madison, WI |
United States |
Electromedical and Control Instruments Manufacturing |
244.0 |
140 |
|
|
|
Subsidiary |
Karlsruhe, Baden-WUrttemberg |
Germany |
Electromedical and Control Instruments Manufacturing |
178.8 |
300 |
|
|
|
Subsidiary |
Kalkar, Nordrhein-Westfalen |
Germany |
Electromedical and Control Instruments Manufacturing |
25.6 |
128 |
|
|
|
Subsidiary |
Berlin, Berlin |
Germany |
Electromedical and Control Instruments Manufacturing |
|
100 |
|
|
|
Subsidiary |
Atibaia, Sao Paulo |
Brazil |
Electromedical and Control Instruments Manufacturing |
|
45 |
|
|
|
Subsidiary |
Geesthacht, Schleswig-Holstein |
Germany |
Electromedical and Control Instruments Manufacturing |
|
40 |
|
|
|
Subsidiary |
Champs Sur Marne |
France |
Machinery and Equipment Manufacturing |
49.4 |
34 |
|
|
|
Subsidiary |
Vienna |
Austria |
Electromedical and Control Instruments Manufacturing |
5.4 |
11 |
|
|
|
Subsidiary |
Solna, Stockholm |
Sweden |
Electromedical and Control Instruments Manufacturing |
7.7 |
10 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Poznan |
Poland |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Karlsruhe |
Germany |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Tucson, AZ |
United States |
Electromedical and Control Instruments Manufacturing |
|
70 |
|
|
|
Branch |
Goleta, CA |
United States |
Electromedical and Control Instruments Manufacturing |
54.3 |
200 |
|
|
|
Branch |
West Grove, PA |
United States |
Professional and Commercial Equipment Wholesale |
8.2 |
4 |
|
|
|
Subsidiary |
Kennewick, WA |
United States |
Electromedical and Control Instruments Manufacturing |
12.3 |
34 |
|
|
|
Branch |
Ewing, NJ |
United States |
Professional and Commercial Equipment Wholesale |
13.4 |
6 |
|
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Ettlingen, Baden-WUrttemberg |
Germany |
Electromedical and Control Instruments Manufacturing |
|
100 |
|
|
|
Subsidiary |
Rheinstetten, Baden-WUrttemberg |
Germany |
Machinery and Equipment Manufacturing |
231.7 |
420 |
|
|
|
Subsidiary |
Zug, Zug |
Switzerland |
Machinery Wholesale |
13.4 |
|
|
|
|
Subsidiary |
Ettlingen, Baden-WUrttemberg |
Germany |
Electromedical and Control Instruments Manufacturing |
77.2 |
100 |
|
|
|
Subsidiary |
Milan |
Italy |
Electromedical and Control Instruments Manufacturing |
17.4 |
43 |
|
|
|
Subsidiary |
Wormer |
Netherlands |
Electromedical and Control Instruments Manufacturing |
|
38 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Electromedical and Control Instruments Manufacturing |
|
50 |
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Electromedical and Control Instruments Manufacturing |
|
50 |
|
|
|
Subsidiary |
Milton, ON |
Canada |
Electromedical and Control Instruments Manufacturing |
|
40 |
|
|
|
Subsidiary |
Campbell, CA |
United States |
Electromedical and Control Instruments Manufacturing |
40.7 |
30 |
|
|
|
Subsidiary |
Preston, VIC |
Australia |
Electromedical and Control Instruments Manufacturing |
26.9 |
30 |
|
|
|
Subsidiary |
Billerica, MA |
United States |
Electromedical and Control Instruments Manufacturing |
23.9 |
30 |
|
|
|
Subsidiary |
Ettlingen, Baden-WUrttemberg |
Germany |
Electromedical and Control Instruments Manufacturing |
133.3 |
300 |
|
|
|
Subsidiary |
Delft |
Netherlands |
Electromedical and Control Instruments Manufacturing |
|
3 |
|
|
|
Subsidiary |
Kowloon Bay, Kowloon |
Hong Kong |
Professional and Commercial Equipment Wholesale |
25.8 |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Professional and Commercial Equipment Wholesale |
0.8 |
1 |
|
|
|
Subsidiary |
Champs-sur-Marne |
France |
Electromedical and Control Instruments Manufacturing |
8.3 |
14 |
|
|
|
Subsidiary |
Coventry |
United Kingdom |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Seongnam, Gyeonggi-do |
Korea, Republic of |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Solna |
Sweden |
Electromedical and Control Instruments Manufacturing |
13.8 |
20 |
|
|
|
Subsidiary |
Johannesburg |
South Africa |
Electromedical and Control Instruments Manufacturing |
1.4 |
18 |
|
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Electromedical and Control Instruments Manufacturing |
|
18 |
|
|
|
Subsidiary |
New Delhi |
India |
Electromedical and Control Instruments Manufacturing |
|
15 |
|
|
|
Subsidiary |
Brno |
Czech Republic |
Electromedical and Control Instruments Manufacturing |
|
10 |
|
|
|
Subsidiary |
Mexico |
Mexico |
Electromedical and Control Instruments Manufacturing |
|
10 |
|
|
|
Subsidiary |
Budapest |
Hungary |
Electromedical and Control Instruments Manufacturing |
0.5 |
6 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Electromedical and Control Instruments Manufacturing |
|
6 |
|
|
|
Branch |
The Woodlands, TX |
United States |
Professional and Commercial Equipment Wholesale |
11.3 |
5 |
|
|
|
Subsidiary |
Solna |
Sweden |
Electromedical and Control Instruments Manufacturing |
4.3 |
4 |
|
|
|
Subsidiary |
Petaling Jaya, Selangor |
Malaysia |
Electromedical and Control Instruments Manufacturing |
0.0 |
|
|
|
|
Subsidiary |
Coventry |
United Kingdom |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Fallanden |
Switzerland |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
San Chung, Taipei |
Taiwan |
Electromedical and Control Instruments Manufacturing |
|
7 |
|
|
|
Subsidiary |
Bengaluru |
India |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Rehovot |
Israel |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Kiev |
Ukraine |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Kontich |
Belgium |
Medical Equipment and Supplies |
|
|
|
|
|
Subsidiary |
Taipei |
Taiwan |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Milton, ON |
Canada |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Billerica, MA |
United States |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Zug |
Switzerland |
Investment Services |
|
|
|
|
|
Subsidiary |
Wissembourg |
France |
Electromedical and Control Instruments Manufacturing |
116.4 |
374 |
|
|
|
Subsidiary |
Brussels |
Belgium |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Paco d'Arcos |
Portugal |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
|
Subsidiary |
Kuopio |
Finland |
Computer Programming |
|
|
|
|
|
Subsidiary |
Seongnam, Gyeonggi-do |
Korea, Republic of |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
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Executive report
|
Executives |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Produktion |
Manufacturing Executive |
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Annual profit & loss
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
|
Consolidated |
No |
No |
No |
|
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|
|
|
|
Total income |
178.8 |
147.2 |
136.8 |
|
Net sales |
178.8 |
147.2 |
136.8 |
|
Other operating income |
2.5 |
3.8 |
2.9 |
|
Cost of sales |
115.5 |
96.6 |
95.4 |
|
Gross profit |
63.3 |
50.6 |
41.4 |
|
Advertising, distribution, and commercial
expenses |
22.4 |
18.0 |
19.0 |
|
General expenses |
4.1 |
4.4 |
5.0 |
|
Other operating costs |
14.8 |
15.3 |
14.1 |
|
Net operating
income |
24.5 |
16.7 |
6.3 |
|
Interest received from loans |
- |
0.7 |
5.3 |
|
Income received from associated companies |
- |
- |
0.3 |
|
Other income |
0.9 |
0.3 |
0.5 |
|
Interest payable on loans |
2.2 |
1.9 |
1.0 |
|
Other expenses |
0.1 |
0.6 |
12.0 |
|
Total expenses |
1.4 |
1.5 |
6.9 |
|
Profit before tax |
23.0 |
15.9 |
-0.6 |
|
Extraordinary income |
- |
- |
0.4 |
|
Provisions |
45.3 |
35.8 |
33.7 |
|
Extraordinary expenses |
- |
- |
3.2 |
|
Extraordinary result |
- |
- |
-2.8 |
|
Other taxes |
0.5 |
0.0 |
0.0 |
|
Total taxation |
7.7 |
4.5 |
0.5 |
|
Net profit |
14.8 |
11.4 |
- |
|
Net loss |
- |
- |
-4.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Issued capital |
7.8 |
8.0 |
8.6 |
|
Capital reserves |
1.9 |
1.9 |
2.1 |
|
Other reserves |
1.3 |
1.3 |
1.4 |
|
Total reserves |
1.3 |
1.3 |
1.4 |
|
Profits for the year |
34.2 |
21.1 |
10.2 |
|
Profit brought forward from previous
year(s) |
20.4 |
9.5 |
14.4 |
|
Total
stockholders equity |
46.3 |
34.8 |
22.3 |
|
Deferred taxation |
7.2 |
3.7 |
1.8 |
|
Other provisions |
19.3 |
17.8 |
18.6 |
|
Provision for pensions |
15.8 |
14.7 |
14.4 |
|
Provisions and allowances |
42.3 |
36.3 |
34.8 |
|
Trade creditors |
- |
- |
7.6 |
|
Taxation and social security |
- |
- |
0.9 |
|
Due to group companies |
- |
- |
38.9 |
|
Total current
liabilities |
33.4 |
45.6 |
47.4 |
|
Regularisation account |
4.9 |
4.3 |
4.6 |
|
Total
liabilities (including net worth) |
126.9 |
121.0 |
109.1 |
|
Patents |
0.2 |
0.2 |
0.3 |
|
Goodwill |
0.3 |
0.6 |
0.4 |
|
Intangibles |
0.4 |
0.7 |
0.7 |
|
Land and buildings |
9.2 |
9.5 |
10.5 |
|
Machinery and tools |
1.4 |
1.6 |
0.5 |
|
Fixtures and equipment |
9.2 |
9.5 |
10.5 |
|
Fixed assets under construction |
4.6 |
0.3 |
0.3 |
|
Total tangible
fixed assets |
18.0 |
13.7 |
13.8 |
|
Other financial assets |
0.2 |
- |
- |
|
Shares held in associated companies |
22.5 |
22.5 |
24.4 |
|
Total financial
assets |
38.9 |
38.7 |
42.0 |
|
Loans to associated companies |
16.2 |
16.2 |
17.6 |
|
Total
non-current assets |
57.3 |
53.2 |
56.5 |
|
Raw materials |
5.2 |
4.6 |
- |
|
Work in progress |
13.9 |
10.6 |
- |
|
Finished goods |
17.2 |
15.3 |
- |
|
Net stocks and work in progress |
21.1 |
14.0 |
14.6 |
|
Trade debtors |
8.2 |
8.4 |
5.0 |
|
Other receivables |
1.3 |
0.4 |
1.6 |
|
Total
receivables |
37.7 |
34.0 |
22.7 |
|
Owing from associated companies |
28.2 |
25.2 |
16.1 |
|
Cash and liquid assets |
8.2 |
17.3 |
12.2 |
|
Recoverable taxation |
2.4 |
2.4 |
3.0 |
|
Total current
assets |
67.0 |
65.3 |
49.5 |
|
Prepaid expenses and deferred costs |
0.2 |
0.1 |
0.1 |
|
Total assets |
126.9 |
121.0 |
109.1 |
|
|
Annual
Ratios
Financials in: USD (mil)
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
20.06 |
14.32 |
10.44 |
|
Acid test ratio |
13.74 |
11.26 |
7.37 |
|
Total liabilities to net worth |
0.07% |
0.13% |
0.21% |
|
Net worth to total assets |
0.04% |
0.03% |
0.02% |
|
Current liabilities to net worth |
0.07% |
0.13% |
0.21% |
|
Current liabilities to stock |
0.16% |
0.33% |
0.33% |
|
Fixed assets to net worth |
0.12% |
0.15% |
0.25% |
|
Collection period |
179.00 |
208.00 |
131.00 |
|
Stock turnover rate |
1.26 |
0.94 |
1.03 |
|
Profit margin |
0.01% |
0.01% |
0.00% |
|
Return on assets |
0.01% |
0.01% |
0.00% |
|
Shareholders' return |
0.03% |
0.03% |
-0.02% |
|
Sales per employee |
42.03 |
36.93 |
30.74 |
|
Profit per employee |
3.47 |
2.87 |
-0.27 |
|
Net worth |
46.3 |
34.8 |
22.3 |
|
Number of employees |
306 |
301 |
320 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.42 |
|
UK Pound |
1 |
Rs.102.09 |
|
Euro |
1 |
Rs.87.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.