MIRA INFORM REPORT

 

 

Report Date :

11.03.2013

 

IDENTIFICATION DETAILS

 

Name :

BRUKER BIOSPIN INTERNATIONAL AG

 

 

Registered Office :

Aegeristrasse 52, Postfach 351, 6301 Zug/ZG

 

 

Country :

Switzerland

 

 

Date of Incorporation :

11.03.1987

 

 

Com. Reg. No.:

170.3.012.524-6 / 466763

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

The business activities includes the marketing and distribution of scientific equipment for the analytical instrumentation and research

 

 

No. of Employees :

10-19 employées

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Switzerland - ECONOMIC OVERVIEW

 

Switzerland is a peaceful, prosperous, and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. Its economic and political stability, transparent legal system, exceptional infrastructure, efficient capital markets, and low corporate tax rates also make Switzerland one of the world's most competitive economies. The Swiss have brought their economic practices largely into conformity with the EU's, to enhance their international competitiveness, but some trade protectionism remains, particularly for its small agricultural sector. The fate of the Swiss economy is tightly linked to that of its neighbors in the euro zone, which purchases half of all Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled export demand and put Switzerland in a recession. The Swiss National Bank (SNB) during this period effectively implemented a zero-interest rate policy to boost the economy as well as prevent appreciation of the franc, and Switzerland's economy recovered in 2010 with 2.7% growth. The sovereign debt crises currently unfolding in neighboring euro-zone countries pose a significant risk to Switzerland's financial stability and are driving up demand for the Swiss franc by investors seeking a safehaven currency. The independent SNB has upheld its zero-interest rate policy and conducted major market interventions to prevent further appreciation of the Swiss franc, but parliamentarians have urged it to do more to weaken the currency. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell to 2.1% in 2011. Switzerland has also come under increasing pressure from individual neighboring countries, the EU, the US, and international institutions to reform its banking secrecy laws. Consequently, the government agreed to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The government has renegotiated its double taxation agreements with numerous countries, including the US, to incorporate the OECD standard, and in 2011 it reached deals with Germany and the UK to resolve outstanding issues, particularly the possibility of imposing taxes on bank deposits held by foreigners. These steps will have a lasting impact on Switzerland's long history of bank secrecy.

 

Source : CIA

 

 


 

Company name

 

Bruker BioSpin International AG

 

 

Operating address

 

Aegeristrasse 52

Postfach 351

6301 Zug/ZG

Switzerland/CH

Telephone:                    041 7104433

Fax:                             041 7104570

Web site:                      http://www.bruker.com

E-mail:                         sales@bruker-biospin.ch

VAT-No.:                      CHE103881088

 

 

Profile

 

Established:                  1987

Line of Business:           Consumer goods wholesale

Industry Division:           Wholesale trade

Industry-code (NACE):     4646     Wholesale of pharmaceutical goods

                                      4669     Wholesale of other machinery and equipment

Import/Export:               Import, Export

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        estimated

Employees:                  10-19

 

 

Activity

 

The business activities includes the marketing and distribution of scientific equipment for the analytical instrumentation and research.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                170.3.012.524-6 / 466763

Legal form:                    Company limited by shares

Registration:                 11.03.1987

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Zug

History:                        Date of Incorporation Statutes: 06.03.1987

                                    Date of Statutes: 13.02.2008

                                    Date of Statutes: 20.12.2007

                                    Date of Statutes: 27.04.2005

                                    Date of Statutes: 07.12.2001

                                    Date of Statutes: 06.09.1999

                                    Date of Statutes: 20.11.1996

 

Entry            Deleted   Name

11.12.2001                    Bruker BioSpin International AG

11.12.2001                    Bruker BioSpin International Ltd (Name translated)

11.12.2001                    Bruker BioSpin International SA (Name translated)

                    14.09.1999  Bruker-Spectrospin Vertriebsgemeinschaft AG

                    14.09.1999  Bruker-Spectrospin Vertriebsgemeinschaft SA (Name translated)

                    14.09.1999  Bruker-Spectrospin Vertriebsgemeinschaft Corp. (Name translated)

14.09.1999    11.12.2001  Bruker International AG

14.09.1999    11.12.2001  Bruker International SA (Name translated)

14.09.1999    11.12.2001  Bruker International Ltd (Name translated)

 

Entry            Deleted   Legal domicile

active                           Zug, Switzerland

 

Entry            Deleted   Address

10.04.2007                    Aegeristrasse 52, 6300 Zug/ZG, Switzerland/CH

                    10.04.2007  Gotthardstrasse 18, 6300 Zug/ZG, Switzerland/CH

 

Entry            Deleted   Capital

11.05.2005                    Share Capital CHF 8'500'000, paidup CHF 8'500'000

 

Entry            Deleted   Capital Structure

11.05.2005                    8'500 Registered shares of CHF 1'000.--

 

Entry            Deleted   Activity (original Language)

21.02.2008                    Weltweiter An- und Verkauf, Import und Export, Lagerung und Transport von sowie Handel mit Produkten aller Art, insbesondere wissenschaftlichen Geräten für die analytische Messtechnik innerhalb der Bruker Gruppe; kann Finanzierungen für eigene oder fremde Rechnung vornehmen sowie Sicherungsgeschäfte, einschliesslich Garantien, Pfandbestellungen, Globalzessionen, Sicherungsübereignungen und Schadloshaltungserklärungen für verbundene Unternehmen und Dritte eingehen, auch wenn diese in deren ausschliesslichem Interesse liegen, Patente, Lizenzen und Herstellungsverfahren erwerben, entwickeln, verwalten und verwerten, mit Waren aller Art handeln, Grundstücke erwerben, halten und veräussern, Tochtergesellschaften errichten sowie sich an anderen Unternehmen beteiligen.

 

Entry          Deleted      Remarks (original Language)

active                           Publishing authority: SHAB.

 

 

Official Administration

 

Title                                           Name

President                                    Dr. Christoph Straub-Schmidli, Origin: Basel, Herzogenbuchsee, Switzerland, Residential address: Zug, Switzerland, joint signature of two

Chief Executive                           Dr. Werner E. Maas, Origin: Netherlands, Residential address: Merrimac , United States of America, joint signature of two, Registered since: 08.07.2010

Director                                      Roger Deutsch, Origin: Märstetten, Switzerland, Residential address: Uetikon am See, Switzerland, joint signature of two, Registered since: 15.04.2005

 

 

Management

 

Title                                           Name

Director                                      Roger Deutsch, Origin: Märstetten, Switzerland, Residential address: Uetikon am See, Switzerland, joint signature of two, Registered since: 15.04.2005

Vice-Director                               Dr. Kurt Schenker, Origin: Däniken, Switzerland, Residential address: Maur, Switzerland, joint signature of two, Registered since: 08.07.2010

Vice-Director                               Urs Widmer, Origin: Lindau, Switzerland, Residential address: Neftenbach, Switzerland, joint signature of two, Registered since: 08.07.2010

Member with procuration              Peter Kistler, Origin: Reichenburg, Switzerland, Residential address: Jona, Switzerland, joint power of attorney of two, Registered since: 08.07.2010

Member with procuration              Dr. Peter Scherer, Origin: Killwangen, Switzerland, Residential address: Dübendorf, Switzerland, joint power of attorney of two, Registered since: 13.07.2011

 

 

External Positions

 

Title                                           Name

Auditor                                       Ernst & Young AG, Residential address: Zürich, Switzerland, Id: CH-020.9.001.069.0, Registered since: 06.10.2008

 


Ultimate Parent Company

 

Name:                          Bruker Corporation

City/Country:                 Billerica/Massachusetts, United States of America/US

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Name:                          Bruker Invest AG

City/Country:                 Zug/ZG, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Sisters

 

Name:                          Bruker BioSpin AG

City/Country:                 Fällanden/ZH, Switzerland/CH

 

 

Investments

 

Class:   100%

Name:                          Bruker (Beijing) Technologies & services Co. Ltd.

City/Country:                 Beijing, China/CN

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Bruker BioSpin Pte Ltd.

City/Country:                 Singapore, Singapore/SG

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          BRUKER INDIA SCIENTIFIC PRIVATE LIMITED

City/Country:                 MUMBAI/Maharashtra, India/IN

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Bruker (Malaysia) SDN BHD

City/Country:                 Petaling Jaya/Selangor, Malaysia/MY

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Bruker Russia LLC

City/Country:                 Moscow, Russia/RU

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Legal Actions

 

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:   There are no objections regarding the payment of financial obligations.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.40

UK Pound

1

Rs.81.57

Euro

1

Rs.71.24

 

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%)

 

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.