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Report Date : |
11.08.2014 |
IDENTIFICATION DETAILS
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Name : |
BECKMAN COULTER INTERNATIONAL SA |
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Registered Office : |
Rue Juste-Olivier 22, Case postal 1059, 1260 Nyon/VD, Switzerland/CH |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
29.11.1989 |
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Com. Reg. No.: |
550.0.108.821-2 / 436299 |
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Legal Form : |
Company Limited By
Shares |
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Line of Business : |
Subject provides systems that simplify and automate laboratory
processes used in all phases of the battle against disease. It designs,
manufacture, market and service a broad range of laboratory systems
consisting of instruments, chemistries, software, and supplies that meet a
variety of laboratory needs. |
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No. of Employees : |
120 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 began to recover in 2010. 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 safe-haven 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 below 2% per year
during 2011-13. 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 is considering 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 & address
BECKMAN COULTER
INTERNATIONAL SA
Operating address: Rue
Juste-Olivier 22
Case postal 1059
1260 Nyon/VD
Switzerland/CH
Telephone: 022
3653707
Fax: 022
3653700
Web site: http://www.beckmancoulter.com
E-mail: reception.bce@beckman.com
VAT-No.: CHE105821128
Profile
Established: 1989
Line of Business: Consumer
goods wholesale
Industry Division: Wholesale
trade
Industry-code (NACE): 4646 Wholesale of pharmaceutical goods
4652 Wholesale of electronic and
telecommunications equipment and parts
Quality certification: ISO
9001:2008
Banks: CS
Credit Suisse
UBS
Ltd
Operational Figures
Coverage: Company
Figures: estimated
Employees: 120
Sales: CHF 60-80 Mio
Activity
The company provides systems that simplify and automate laboratory
processes used in all phases of the battle against disease. It designs,
manufacture, market and service a broad range of laboratory systems consisting
of instruments, chemistries, software, and supplies that meet a variety of
laboratory needs.
Real Estate
Information on property ownership was not available.
Company Register
Company No: 550.0.108.821-2
/ 436299
Legal form: Company
limited by shares
Registration: 29.11.1989
Legal status: active
Responsible Register: Registre
du commerce du canton de Vaud
History: Date
of Statutes: 14.08.1998
Date
of Incorporation Statutes: 06.09.1989
Date
of Statutes: 21.09.2010
Date
of Statutes: 20.08.2004
Date
of Statutes: 13.11.2002
Entry Deleted Name
active Beckman
Coulter International SA
Entry Deleted Legal domicile
active Nyon,
Switzerland
Entry Deleted Address
active Rue
Juste-Olivier 22, 1260 Nyon, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 1,000,000, paidup CHF 1,000,000
Entry Deleted Capital Structure
active 1,000
Bearer shares of CHF 1,000.--
Official Administration
Title Name
President James Atkinson, Origin:
United Kingdom, Residential address: Nyon, Switzerland, single signature
Company Secretary Salvatore Di Dio, Origin: Meyrin,
Switzerland, Residential address: Veyrier, Switzerland, single signature,
Registered since: 20.07.2012
Director Hans Bättig, Origin:
Hergiswil bei Willisau, Switzerland, Residential address: Uitikon, Switzerland, single signature,
Registered since: 13.10.2011
External Positions
Title Name
Auditor Ernst & Young SA, Residential
address: Lancy, Switzerland, Id: CH-660-0176999-6, Registered since: 28.02.2012
Financial Data Danaher Group
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2013 31.12.2012 31.12.2011 31.12.2010 31.12.2009
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Balance Sheet
Intangible fixed
assets 22,285.9 21,806.0 20,314.5 14,083.0 12,473.4
Tangible fixed
assets 2,211.3 2,140.9 2,101.0 1,192.0 1,143.3
Financial fixed
assets 548.3 521.9 511.0
other fixed assets 1,061.3 858.0 739.7 701.0 758.0
Fixed assets 25,558.5 25,353.2 23,677.1 16,487.0 14,374.8
Stocks 1,783.5 1,813.4 1,781.4 1,225.0 993.0
Trade accounts
receivable 3,451.6 3,267.3 3,049.9 2,219.0 1,916.8
Liquid assets 3,115.2 1,678.7 537.0 1,633.0 1,721.9
other trade
accounts 763.4 828.4 904.1 653.0 588.8
Other current
assets 3,878.6 2,507.1 1,441.1 2,286.0 2,310.8
Current assets 9,113.7 7,587.8 6,272.4 5,730.0 5,220.6
Total assets 34,672.2 32,941.0 29,949.5 22,217.0 19,595.4
Capital 4,165.5 3,695.8 3,884.9 2,320.0 2,078.0
Other shareholders
funds 18,219.8 15,320.7 13,019.9 11,291.0 9,552.0
Total shareholders
equity 22,385.3 19,016.5 16,904.8 13,611.0 11,630.2
Minority interests 66.1 67.4 67.0 62.0
long term debt
(financial debts) 3,436.7 5,287.6 5,206.8 2,784.0 2,889.0
Other non current
liabilities 4,256.7 4,363.4 3,598.9 2,355.0 2,315.2
Non current
liabilities 7,693.4 9,651.0 8,805.7 5,139.0 5,204.3
short term debt
(financial debts) 62.3 55.5 98.4 41.0
Trade accounts
payable 1,778.2 1,546.3 1,422.4 1,216.0 1,051.4
Accruals 2,048.0
other accounts
payable 2,686.9 2,604.3 2,651.2 1,709.4
other current
liabilities 2,686.9 2,604.3 2,651.2 2,048.0 1,709.5
Current
liabilities 4,527.4 4,206.1 4,172.0 3,305.0 2,760.9
Shareh. equity,
min. interests + liabilities 34,672.2 32,941.0 29,949.5 22,117.0 19,595.4
Profit and loss
account
Sales 19,118.0 18,270.3 16,090.5 13,203.0 11,184.9
Net sales 19,118.0 18,270.3 16,090.5 13,203.0 11,184.9
Other operating
revenue 93.7 66.8 23.0 85.1
Operating revenue 19,118.0 18,364.0 16,157.3 13,226.0 11,270.0
Cost of goods sold 9,160.4 8,846.1 7,913.9 6,576.0 5,904.7
Gross profit 9,957.6 9,517.9 8,243.4 6,650.0 5,365.3
Other operating
expenses 6,682.7 6,330.3 5,626.2 4,483.0 3,822.9
Operating result 3,274.9 3,187.6 2,617.2 2,167.0 1,542.4
Interest revenues 5.7 3.2 5.1 6.0 5.0
other financial revenues 705.0 69.9 291.0
Financial income 710.7 73.1 5.1 297.0 5.0
Interest expenses 145.9 157.5 141.6 121.0 122.6
other financial
expenses 22.3 32.9
Financial expenses 145.9 179.8 174.5 121.0 122.6
Financial result 564.8 -106.7 -169.4 176.0 -117.6
Result before
extraordinary items 3,839.7 3,080.9 2,447.8 2,343.0 1,424.8
Extraordinary
income 237.0
Extraordinary
Result 0.0 237.0 0.0 0.0
Result before
taxes 3,839.7 3,080.9 2,684.8 2,343.0 1,424.8
Taxes 871.0 711.0 512.6 550.0 273.1
Result before
minority interests 2,968.7 2,369.9 2,172.2 1,793.0 1,151.7
Result for the
financial year 2,968.7 2,369.9 2,172.2 1,793.0 1,151.7
Cash flow
Depreciation 529.9 497.8 350.7 198.0 184.5
Cash flow 3,498.6 2,867.7 2,522.9 1,991.0 1,336.2
Cash flow from
operating activities 3,585.3 3,415.0 2,626.3 2,084.0 1,800.8
Investments in
tangible fixed assets 551.5 458.3 -334.5 217.0 188.5
Cash flow from
investing activities -552.5 -1,887.6 -5,847.3 -2,289.0 -942.9
Cash flow from
financing activities -1,605.8 -388.4 2,088.6 117.0 407.2
Others 9.5 2.7 36.4 -1.0 63.9
Change in
liquidity 1,436.5 1,141.7 -1,096.0 -89.0 1,329.1
Liquidity at
beginning of the year 1,678.7 537.0 1,633.0 1,722.0 392.8
Liquidity at end
ot the year 3,115.2 1,678.7 537.0 1,633.0 1,722.0
Notes
Research and Development 1,249.9 1,137.9 1,018.5 809.0 632.6
Added value 4,515.5 3,736.2 3,177.1 2,662.0 1,731.9
Working Capital 3,456.9 3,534.4 3,408.9 2,228.0 1,858.4
Sales per Employee 0.3 0.3 0.3 0.3
Gross cost land
and buildings 1,199.8 1,135.1 1,117.5 871.0 836.3
Gross cost other
tangible fixed assets 3,311.0 2,968.1 2,649.5 1,844.0 1,877.6
Gross cost total 4,510.8 4,103.2 3,767.0 2,715.0 2,713.9
Insurance value
total 0.0 0.0
Employees at year end 66,000 63,000 59,000 48,200
Employees inland 29,000 26,000 26,000 21,400
Employees abroad 37,000 37,000 33,000 26,800
Ultimate Parent Company
Name: Danaher Corporation
City/Country: Washington/District of
Columbia, United States of America/US
Owner/-s
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: indirect,
Group-Level 1
Name: Danaher Corporation
City/Country: Washington/District of
Columbia, United States of America/US
Interest: 100,00% voting right,
100,00% capital interest (since 30.06.2011)
Class: 100%
Type: direct, Group-Level
2
Name: Beckman Coulter Inc
City/Country: Brea/California, United States
of America/US
Interest: 100,00% voting right,
100,00% capital interest
Sisters
Name: Beckman Coulter
Biomedical Ltd.
City/Country: Ireland/IE
Name: Beckman Coulter Commercial
Enterprise Co., Ltd.
City/Country: China/CN
Name: Beckman Coulter
Ireland Inc.
City/Country: Panama/PA
Name: Lumigen, Inc.
City/Country: United States of America/US
Investments
Class: 100%
Name: Beckman Coulter
Eurocenter S.A.
City/Country: Nyon/VD, Switzerland/CH
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.55 |
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|
1 |
Rs.103.50 |
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Euro |
1 |
Rs.82.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation
is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.