MIRA INFORM REPORT

 

 

Report Date :

09.12.2014

 

IDENTIFICATION DETAILS

 

Name :

OXFORD INSTRUMENTS ANALYTICAL GMBH

 

 

Registered Office :

Wellesweg 31, D 47589 Uedem

 

 

Country :

Germany

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

09.07.1998

 

 

Com. Reg. No.:

HRB 9820

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Engaged in providing high technology tools and systems for research and industry

·         Engaged in designing and manufacturing equipment that can fabricate, analyse and manipulate matter at the atomic and molecular level.

 

Subject product ranges includes:

·         Analysers

·         Atomic Force Microscopy

·         Coating Thickness Measurement

·         Cryogenic Systems

·         CT & MRI Systems, Maintenance & Parts

·         Electron Spectroscopy

·         Microanalysis Systems

·         Nanomanipulation & Nanofabrication

·         Plasma, ALD & Ion Beam

·         Scanning Probe Microscopy

·         Spectrometers

·         Superconducting Magnets and Wire

·         Thin Film & Tailored UHV Systems

·         X-ray Tubes and Integrated Sources

 

 

No of Employees :

86

 

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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

 

Oxford Instruments Analytical GmbH

 

 

Company address

 

Wellesweg 31

D 47589 Uedem

Telephone:        02825/9383-0

Telefax:            02821/9383-100

Homepage:       www.oxford-instruments.de

E-mail:              industrial-analysis@oxinst.com

 

 

VAT no

 

DE812486917

 

Company Status

 

active

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:       09.07.1998

Shareholders'

agreement:                    21.07.2009

Registered on:              06.08.2009

Commercial Register:    Local court 47533 Kleve

under:                                       HRB 9820

Share capital:                 EUR          1,277,777.00

 

Shareholder

 

Oxford Instruments GmbH

Otto-von-Guericke-Ring 10

D 65205 Wiesbaden

Legal form: Private limited company

Share capital:     EUR          4,049,000.00

Share:             EUR          1,277,777.00

Registered on: 18.01.2005

Reg. data: 65189 Wiesbaden, HRB 21599

Profit transfer agreement

 

Manager

 

Vito Angona

Dorfstr. 205a

D 47647 Kerken

having sole power of representation

born: 15.09.1960

Profession: graduate engineer

Marital status: married

 

Manager:

                      Alessandro Wernli

                      Rembrandtstr. 19

                      D 40237 Düsseldorf

                      having sole power of representation

                      born: 03.08.1964

                      Profession: Fully qualified merchant

 Manager:

                      Olaf Neuhausen

                      Kirchhofstr. 16

                      D 47546 Kalkar

                      having sole power of representation

                      born: 30.10.1969

                      Profession: Businessman

 

Proxy

 

Wolfgang Giesen

Georg-Bleibtreu-Str. 14

D 46509 Xanten

authorized to jointly represent the company

born: 22.06.1967

Proxy:

                      Frank Melzig

                      D 47647 Kerken

                      authorized to jointly represent the company

                      born: 21.06.1966

 

Further functions/participations of Vito Angona (Manager)

 Shareholder:

                      VIA Vertriebsgesellschaft für instrumentelle

                      Anwendungen mbH

                      Hochstr. 79

                      D 47647 Kerken

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR              7,500.00

                      Registered

                      on:         14.03.2002

                      Reg. data:  47533 Kleve, HRB 4669

 Manager:

                      Oxford Instruments GmbH

                      Otto-von-Guericke-Ring 10

                      D 65205 Wiesbaden

                      Legal form: Private limited company

                      Share capital:     EUR          4,049,000.00

                      Registered

                      on:         18.01.2005

                      Reg. data:  65189 Wiesbaden, HRB 21599

 Manager:

                      Omicron Nano Technology GmbH

                      Limburger Str. 75

                      D 65232 Taunusstein

                      Legal form: Private limited company

                      Share capital:     EUR            128,050.00

                      Registered

                      on:         02.06.1984

                      Reg. data:  65189 Wiesbaden, HRB 16116

 

 Vice-president of the Supervisory Board:

                      HNE Technologie AG

                      Alter Postweg 96

                      D 86159 Augsburg

                      Legal form: Public limited company

                      Share capital:     EUR            250,000.00

                      Registered

                      on:         19.08.2005

                      Reg. data:  86150 Augsburg, HRB 21354

 

Further functions/participations of Alessandro Wernli (Manager)

 Shareholder:

                      GSI Capital GmbH

                      Hülsmeyerstr. 62

                      D 40629 Düsseldorf

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             16,850.00

                      Registered

                      on:         19.05.2004

                      Reg. data:  40227 Düsseldorf, HRB 49872

 Manager:

                      GSI Capital GmbH

                      Hülsmeyerstr. 62

                      D 40629 Düsseldorf

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         19.05.2004

                      Reg. data:  40227 Düsseldorf, HRB 49872

 Manager:

                      Oxford Instruments GmbH

                      Otto-von-Guericke-Ring 10

                      D 65205 Wiesbaden

                      Legal form: Private limited company

                      Share capital:     EUR          4,049,000.00

                      Registered

                      on:         18.01.2005

                      Reg. data:  65189 Wiesbaden, HRB 21599

 Manager:

                      Omicron Nano Technology GmbH

                      Limburger Str. 75

                      D 65232 Taunusstein

                      Legal form: Private limited company

                      Share capital:     EUR            128,050.00

                      Registered

                      on:         02.06.1984

                      Reg. data:  65189 Wiesbaden, HRB 16116

 Manager:

                      Oxford Instruments Holdings GmbH

                      Wellesweg 31

                      D 47589 Uedem

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         28.03.2011

                      Reg. data:  65189 Wiesbaden, HRB 25561

 

Further functions/participations of Olaf Neuhausen (Manager)

 Shareholder:

                      Rheinland Technologie GmbH

                      Industriepark 4

                      D 47546 Kalkar

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,500.00

                      Registered

                      on:         29.09.2006

                      Reg. data:  47533 Kleve, HRB 8328

 Manager:

                      Oxford Instruments GmbH

                      Otto-von-Guericke-Ring 10

                      D 65205 Wiesbaden

                      Legal form: Private limited company

                      Share capital:     EUR          4,049,000.00

                      Registered

                      on:         18.01.2005

                      Reg. data:  65189 Wiesbaden, HRB 21599

 Manager:

                      Omicron Nano Technology GmbH

                      Limburger Str. 75

                      D 65232 Taunusstein

                      Legal form: Private limited company

                      Share capital:     EUR            128,050.00

                      Registered

                      on:         02.06.1984

                      Reg. data:  65189 Wiesbaden, HRB 16116

 Manager:

                      Roentgenanalytik Systeme Verwaltungs GmbH

                      Georg-Ohm-Str. 6

                      D 65232 Taunusstein

                      Legal form: Private limited company

                      Share capital:     EUR             25,500.00

                      Registered

                      on:         17.12.2010

                      Reg. data:  65189 Wiesbaden, HRB 25346

 Manager:

                      Oxford Instruments Holdings GmbH

                      Wellesweg 31

                      D 47589 Uedem

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         28.03.2011

                      Reg. data:  65189 Wiesbaden, HRB 25561

 

 

COMPANY HISTORY

 

 09.07.1998 - 05.06.2001  Worldwide Analytical Gesellschaft für

                          Analytische Meßsysteme mbH (HRB 1919)

                          Tiergartenstr. 27

                          D 47533 Kleve

                          Private limited company

 06.06.2001 - 07.02.2003  WAS Worldwide Analytical Systems AG (HRB

                          2371)

                          Tiergartenstr. 27

                          D 47533 Kleve

                          Public limited company

 07.02.2003 - 06.08.2009  WAS Worldwide Analytical Systems AG

                          Wellesweg 31

                          D 47589 Uedem

                          Public limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 29.08.2013 - 15.09.2014  Manager

                          Kevin James Boyd

                          GB Pattishall, Northants

 

 

BUSINESS ACTIVITIES

 

·         Engaged in providing high technology tools and systems for research and industry

·         Engaged in designing and manufacturing equipment that can fabricate, analyse and manipulate matter at the atomic and molecular level.

 

Subject product ranges includes:

·         Analysers

·         Atomic Force Microscopy

·         Coating Thickness Measurement

·         Cryogenic Systems

·         CT & MRI Systems, Maintenance & Parts

·         Electron Spectroscopy

·         Microanalysis Systems

·         Nanomanipulation & Nanofabrication

·         Plasma, ALD & Ion Beam

·         Scanning Probe Microscopy

·         Spectrometers

·         Superconducting Magnets and Wire

·         Thin Film & Tailored UHV Systems

·         X-ray Tubes and Integrated Sources

 

BRANCHES AND FACTORIES

 

 Branch:

                      Oxford Instruments Analytical GmbH

                      Heidenheimer Str. 28/1

                      D 73447 Oberkochen

                      TEL.: 07364/957402

                      FAX.: 07364/957403

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:    We have no negative information at hand.

 

Balance sheet year:       2012/2013

 

 

REAL ESTATE

 

Type of ownership:   proprietor

 Share:                100.00 %

 Address              Wellesweg 31

                        D 47589 Uedem

 

 Land register documents were not available.

 

 

BANKERS

 

 DEUTSCHE BANK, 47512 KLEVE, NIEDERRHEIN

 Sort. code: 32470077

 BIC: DEUTDEDD324

 

 SPARKASSE KLEVE, 47515 KLEVE, NIEDERRHEIN

 Sort. code: 32450000

 BIC: WELADED1KLE

 

FINANCIAL FIGURES

 

 Gross profit or loss:2011/2012          EUR         16,140,151.00

                      2012/2013          EUR         17,876,608.00

                      2013/2014          EUR         17,800,000.00

 Profit:              2011/2012          EUR          2,266,775.00

                      2012/2013          EUR          2,035,479.00

 further business figures:

 Equipment:                              EUR            307,927.00

 Ac/ts receivable:                       EUR          7,784,040.00

 Liabilities:                            EUR          3,837,637.00

 Employees:                                                     86

 - thereof permanent staff:                                     25

 - Trainees:                                                     1

 

Profit transfer agreement to:

Oxford Instruments GmbH

Otto-von-Guericke-Ring 10

D 65205 Wiesbaden

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.04.2012 - 31.03.2013

 Equity ratio [%]:                 46.34

 Liquidity ratio:                   2.95

 Return on total capital [%]:      15.27

 

 Balance sheet ratios 01.04.2011 - 31.03.2012

 Equity ratio [%]:                 43.87

 Liquidity ratio:                   4.76

 Return on total capital [%]:      20.24

 

 Balance sheet ratios 01.04.2010 - 31.03.2011

 Equity ratio [%]:                 43.04

 Liquidity ratio:                   2.09

 Return on total capital [%]:      17.86

 

 Balance sheet ratios 01.04.2009 - 31.03.2010

 Equity ratio [%]:                 36.20

 Liquidity ratio:                   1.07

 Return on total capital [%]:       9.27

 

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:      01.04.2012 - 31.03.2013

 

 ASSETS                                  EUR         13,333,066.22

  Fixed assets                           EUR          2,153,906.04

   Intangible assets                     EUR             11,338.98

    Concessions, licences, rights        EUR             11,338.98

   Tangible assets                       EUR          2,142,567.06

    Land / similar rights                EUR          1,834,640.16

    Other tangible assets / fixtures and

    fittings                             EUR            307,926.90

  Current assets                         EUR         11,112,670.38

   Stocks                                EUR          2,129,468.60

    Raw materials, consumables and

    supplies                             EUR          1,280,982.71

    Finished goods / work in progress    EUR          1,681,154.23

    Advance payments made                EUR                485.13

    Minus received advance payments for

    orders / installments for stocks     EUR           -833,153.47

   Accounts receivable                   EUR          7,784,039.83

    Trade debtors                        EUR          3,972,310.04

    Amounts due from related companies   EUR          3,626,286.63

    Other debtors and assets             EUR            185,443.16

   Liquid means                          EUR          1,199,161.95

  Remaining other assets                 EUR             66,489.80

   Accruals (assets)                     EUR             66,489.80

 

 LIABILITIES                             EUR         13,333,066.22

  Shareholders' equity                   EUR          6,177,977.34

   Capital                               EUR          1,277,777.00

    Subscribed capital (share capital)   EUR          1,277,777.00

   Balance sheet profit/loss (+/-)       EUR          4,900,200.34

    Balance sheet profit / loss          EUR          4,900,200.34

  Provisions                             EUR          3,247,391.16

   Provisions for taxes                  EUR          1,971,895.80

   Other / unspecified provisions        EUR          1,275,495.36

  Liabilities                            EUR          3,837,636.59

   Financial debts                       EUR                 58.05

    Liabilities due to banks             EUR                 58.05

   Other liabilities                     EUR          3,837,578.54

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          2,150,478.97

    Liabililties due to related companiesEUR          1,568,780.01

    Unspecified other liabilities        EUR            118,319.56

     thereof liabilities from tax /

     financial authorities               EUR             70,331.69

     thereof liabilities from social

     security                            EUR             11,786.87

  Other liabilities                      EUR             70,061.13

   Deferrals (liabilities)               EUR             70,061.13

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR         17,876,607.80

  Staff expenses                         EUR          5,340,389.32

   Wages and salaries                    EUR          4,494,883.04

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            845,506.28

  Total depreciation                     EUR            172,781.52

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            172,781.52

  Other operating expenses               EUR          9,473,012.00

  Operating result from continuing

  operations                             EUR          2,890,424.96

  Interest result (+/-)                  EUR             39,648.81

   Interest and similar income           EUR             48,863.52

    thereof from related companies       EUR             45,449.11

   Interest and similar expenses         EUR              9,214.71

    thereof paid to related companies    EUR              7,729.24

  Financial result (+/-)                 EUR             39,648.81

  Result from ordinary operations (+/-)  EUR          2,930,073.77

  Income tax / refund of income tax (+/-)EUR           -887,387.15

  Other taxes / refund of taxes          EUR             -7,208.06

  Tax (+/-)                              EUR           -894,595.21

  Annual surplus / annual deficit        EUR          2,035,478.56

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.04.2011 - 31.03.2012

 

 ASSETS                                  EUR         11,198,470.83

  Fixed assets                           EUR          2,005,018.25

   Intangible assets                     EUR             20,517.00

    Concessions, licences, rights        EUR             20,517.00

   Tangible assets                       EUR          1,984,501.25

    Land / similar rights                EUR          1,527,905.16

    Other tangible assets / fixtures and

    fittings                             EUR            344,610.60

    Advance payments made / construction

    in progress                          EUR            111,985.49

  Current assets                         EUR          9,114,738.84

   Stocks                                EUR          1,663,146.37

    Raw materials, consumables and

    supplies                             EUR          1,409,830.55

    Finished goods / work in progress    EUR          1,449,771.70

    Advance payments made                EUR             20,030.82

    Minus received advance payments for

    orders / installments for stocks     EUR         -1,216,486.70

   Accounts receivable                   EUR          5,913,303.99

    Trade debtors                        EUR          3,364,113.86

    Amounts due from related companies   EUR          2,329,577.82

    Other debtors and assets             EUR            219,612.31

   Liquid means                          EUR          1,538,288.48

  Remaining other assets                 EUR             78,713.74

   Accruals (assets)                     EUR             78,713.74

 

 LIABILITIES                             EUR         11,198,470.83

  Shareholders' equity                   EUR          4,912,498.78

   Capital                               EUR          1,277,777.00

    Subscribed capital (share capital)   EUR          1,277,777.00

   Balance sheet profit/loss (+/-)       EUR          2,864,721.78

    Balance sheet profit / loss          EUR          2,864,721.78

   Other shareholders' equity (+/-)      EUR            770,000.00

    Other / unspecified part of the

    shareholders' equity                 EUR            770,000.00

  Provisions                             EUR          3,481,695.94

   Provisions for taxes                  EUR          1,688,627.25

   Other / unspecified provisions        EUR          1,793,068.69

  Liabilities                            EUR          2,781,848.84

   Other liabilities                     EUR          2,781,848.84

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          1,823,332.49

    Liabililties due to related companiesEUR            811,241.24

    Unspecified other liabilities        EUR            147,275.11

     thereof liabilities from tax /

     financial authorities               EUR             85,234.40

     thereof liabilities from social

     security                            EUR              9,854.83

  Other liabilities                      EUR             22,427.27

   Deferrals (liabilities)               EUR             22,427.27

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR         16,140,150.96

  Staff expenses                         EUR          4,838,639.55

   Wages and salaries                    EUR          4,098,813.40

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            739,826.15

  Total depreciation                     EUR            163,481.50

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            163,481.50

  Other operating expenses               EUR          7,863,323.80

  Operating result from continuing

  operations                             EUR          3,274,706.11

  Interest result (+/-)                  EUR            -28,606.97

   Interest and similar income           EUR                273.96

   Interest and similar expenses         EUR             28,880.93

    thereof paid to related companies    EUR                521.15

  Financial result (+/-)                 EUR            -28,606.97

  Result from ordinary operations (+/-)  EUR          3,246,099.14

  Income tax / refund of income tax (+/-)EUR           -979,324.14

  Tax (+/-)                              EUR           -979,324.14

  Annual surplus / annual deficit        EUR          2,266,775.00

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.93

UK Pound

1

Rs.96.37

Euro

1

Rs.76.10

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.