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Report Date : |
04.06.2014 |
IDENTIFICATION DETAILS
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Name : |
THERMO FISHER
SCIENTIFIC (ECUBLENS) SARL |
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Registered Office : |
Chemin de Verney
2 Z.I. Ouest C Case Postale 1024 Ecublens/VD Switzerland/CH |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
10.08.1984 |
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Com. Reg. No.: |
550.0.065.045-8 / 8587 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture and sale of laboratory equipment for research in life
science, biotechnology, micro and molecular biology, food development,
quality control |
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No. of Employees |
220 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 |
THERMO FISHER SCIENTIFIC (ECUBLENS) SARL
Chemin de Verney 2
Z.I. Ouest C
Case postale
1024 Ecublens/VD
Switzerland/CH
Telephone: 021
6947111
Fax: 021
6947112
Web
site: http://www.ch.fishersci.com
E-mail: info.ch@thermofisher.com
WIN
Worldbox No.: CH0000088808
VAT-No.: CHE101014927
Established: 1934
History: 1934: Established from Dr. Maurice Hasler
Line
of Business: Measurement and
control technology, Financial services
Industry
Division: Manufacturing, Services
Industry-code (NACE): 2651 Manufacture of instruments and appliances
for measuring, testing and navigation
6420 Activities of holding companies
Import/Export: Export
Export
sales: 99,0%
Quality
certification: ISO 9001:2000 (since
1995)
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 220
Sales: CHF 60-80 Mio
The business activities includes the
manufacture and sale of laboratory equipment for research in life science,
biotechnology, micro and molecular biology, food development, quality control,
etc.
Information on property ownership was not
available.
Company
No: 550.0.065.045-8 / 8587
Legal
form: Limited Liability
Company
Registration: 10.08.1984
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Vaud
History: Date of Statutes:
07.08.2008
Entry Deleted Name
19.08.2008 Thermo
Fisher Scientific (Ecublens) SARL
19.08.2008 Thermo
Fisher Scientific (Ecublens) GmbH (Name translated)
19.08.2008 Thermo
Fisher Scientific (Ecublens) LLC (Name translated)
Entry Deleted Legal domicile
active Ecublens
(VD), Switzerland
Entry Deleted Address
active Chemin
de Verney 2, zone industrielle En Vallaire Ouest C, 1024 Ecublens/VD,
Switzerland/CH
Entry Deleted Capital
active LLC
Capital CHF 4,000,000, paidup CHF 4,000,000
Entry Deleted Capital Structure
active 4,000
Participation shares of CHF 1,000.--
Entry Deleted Activity (original Language)
active L'exploitation
d'une usine de fabrication d'appareils scientifiques, notamment de mesure et d'analyse
spectrographique (pour but complet cf. statuts).
Entry Deleted Remarks (original Language)
active Publishing
authority: Feuille officielle suisse du commerce.
active Reports:
Communications aux associés: par écrit ou par courriel.
19.12.2013 Note:
L'identification sous le numéro CH-550-0065045-8 est remplacée par le numéro
d'identification des entreprises (IDE/UID) CHE-101.014.927.
19.08.2008 Change
of Corporate Form: La société anonyme THERMO ELECTRON SA est transformée en
société à responsabilité limitée conformément au projet de transformation du 30
juin 2008 et bilan au 31 décembre 2007, présentant des actifs de CHF
140'909'717 et des passifs envers les tiers de CHF 25'659'220, soit un actif
net de CHF 115'250'497, contre attribution à l'actionnaire de 4'000 parts
sociales de CHF 1'000.
Title Name
President Charly
Marti, Origin: Alterswil, France, Residential address: 1270 Trélex/VD,
Switzerland, joint signature of two
Title Name
General
Manager Gérard
Couderc, Origin: France, Residential address: Echichens, Switzerland, joint
signature of two, Registered since: 21.08.2012
General
Manager Christian
Galiana, Origin: France, Residential address: Divonnes-les-Bains, France, joint
signature of two
General
Manager Ralf
Oliver Schlegel , Origin: Germany, Residential address: Bremen, Germany, joint
signature of two, Registered since: 20.06.2013
General
Manager Petrus van
der Zande , Origin: Netherlands, Residential address: Halsteren, Netherlands,
joint signature of two
Chairman
of the management Charly Marti,
Origin: Alterswil, France, Residential address: 1270 Trélex/VD, Switzerland,
joint signature of two
Member
with procuration Robert
Brügger , Origin: Reichenbach im Kandertal,, Switzerland, Residential address:
Préverenges, Switzerland, joint power of attorney of two, Registered since:
17.06.2013
Member
with procuration Eric
Hovsepian, Origin: Isorno, Switzerland, Residential address: Cossonay,
Switzerland, joint power of attorney of two, Registered since: 20.06.2013
Member
with procuration Ravisekhar
Yellepeddi , Origin: Chavornay, Switzerland, Residential address: Chavornay,
Switzerland, joint power of attorney of two, Registered since: 17.06.2013
Title Name
Auditor PricewaterhouseCoopers
SA, Residential address: Pully, Switzerland, Id: CH-550-0056305-7
Title Name
Chief
Executive Officer Charly
Marti
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011 31.12.2010 31.12.2009 31.12.2008
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Intangible fixed
assets 20,279.0 19,803.9 15,311.7 15,319.9 15,100.9
Tangible fixed
assets 1,726.4 1,656.2 1,408.6 1,333.4 1,275.3
other fixed assets 604.4 551.7 494.1 440.8 367.9
Fixed assets 22,609.8 22,011.8 17,214.4 17,094.1 16,744.1
Stocks 1,443.3 1,355.4 1,175.1 1,131.4 1,171.4
Trade accounts
receivable 1,804.9 1,814.1 1,516.8 1,409.6 1,478.1
Liquid assets 851.0 1,016.3 917.1 1,564.1 1,280.5
Securities 4.3 4.3 8.9 7.1 7.5
other trade
accounts 731.3 631.8 517.1 418.7 408.4
Other current
assets 1,586.6 1,652.4 1,443.1 1,989.9 1,696.4
Current assets 4,834.8 4,821.9 4,135.0 4,530.9 4,345.9
Total assets 27,444.6 26,833.7 21,349.4 21,625.0 21,090.0
Capital 10,914.6 10,558.4 10,421.5 11,564.6 11,723.1
Other shareholders
funds 4,550.1 4,479.7 4,939.5 3,866.3 3,203.4
Total shareholders
equity 15,464.7 15,038.1 15,361.0 15,430.9 14,926.5
long term debt
(financial debts) 7,031.2
Other non current
liabilities 2,855.4 8,682.5 4,278.6 4,554.8 4,623.3
Non current
liabilities 9,886.6 8,682.5 4,278.6 4,554.8 4,623.3
short term debt
(financial debts) 93.1 1,272.8 105.8 117.5 14.8
Trade accounts
payable 641.4 628.7 551.0 533.6 539.5
Accruals 1,162.3 1,019.1 894.7 848.4 850.6
other accounts
payable 196.5 192.5 158.3 139.8 135.3
other current
liabilities 1,358.8 1,211.6 1,053.0 988.2 985.9
Current
liabilities 2,093.3 3,113.1 1,709.8 1,639.3 1,540.2
Shareh. equity,
min. interests + liabilities 27,444.6 26,833.7 21,349.4 21,625.0 21,090.0
Sales 12,509.9 11,725.9 10,788.7 10,109.7 10,498.0
Net sales 12,509.9 11,725.9 10,788.7 10,109.7 10,498.0
Other operating
revenue 3.7
Operating revenue 12,513.6 11,725.9 10,788.7 10,109.7 10,498.0
Cost of goods sold 7,214.4 6,913.2 6,350.0 6,085.0 6,291.8
Gross profit 5,299.2 4,812.7 4,438.7 4,024.7 4,206.2
Other operating
expenses 3,893.9 3,567.5 3,173.8 2,975.8 2,976.8
Operating result 1,405.3 1,245.2 1,264.9 1,048.9 1,229.4
Interest revenues 25.2 26.9 12.5 16.1 51.7
other financial
revenues 249.1 29.8 1.2 4.0
Financial income 274.3 56.7 13.7 16.1 55.7
Interest expenses 241.6 175.3 84.7 118.1 151.5
other financial
expenses 29.3 19.8 5.6
Financial expenses 241.6 175.3 114.0 137.9 157.1
Financial result 32.7 -118.6 -100.3 -121.8 -101.4
Result before
extraordinary items 1,438.0 1,126.6 1,164.6 927.1 1,128.0
Extraordinary
income 310.3 2.5 5.5
Extraordinary
expenses 1.0
Extraordinary
Result 0.0 310.3 2.5 -1.0 5.5
Result before
taxes 1,438.0 1,436.9 1,167.1 926.1 1,133.5
Taxes 11.0 107.0 131.5 75.8 152.6
Result before
minority interests 1,427.0 1,329.9 1,035.6 850.3 980.9
minority interests 0.0 0.0 0.0
Result for the
financial year 1,427.0 1,329.9 1,035.6 850.3 980.9
Depreciation 983.7 863.5 770.0 787.3 792.7
Cash flow 2,410.7 2,193.4 1,805.6 1,637.6 1,773.6
Cash flow from
operating activities 2,039.5 1,691.0 1,497.8 1,659.2 1,420.2
Investments in
tangible fixed assets 315.1 266.5 265.5 207.5 264.4
Cash flow from
investing activities -1,325.8 -5,142.2 -858.9 -829.5 -450.0
Cash flow from
financing activities -917.7 3,550.6 -1,295.1 -557.5 -228.4
Others 38.7 -0.2 9.2 11.4 -86.4
Change in
liquidity -165.3 99.2 -647.0 283.6 655.4
Liquidity at beginning
of the year 1,016.3 917.1 1,564.1 1,280.5 625.1
Liquidity at end
ot the year 851.0 1,016.3 917.1 1,564.1 1,280.5
Material costs 5,393.6 5,157.9
Research and
Development 376.4 340.6 84.7 246.1 249.1
Added value 2,663.3 2,475.7 2,021.8 1,831.5 2,077.7
Working Capital 2,606.8 2,540.8 2,140.9 2,007.4 2,110.0
Sales per Employee 0.3 0.3 0.3 0.3
Gross cost land
and buildings 1,022.1 961.4 839.4 820.8 736.4
Gross cost other
tangible fixed assets 1,829.9 1,677.4 1,436.5 1,251.0 538.9
Gross cost total 2,852.0 2,638.8 2,275.9 2,071.8 1,275.3
Employees at year end 38,900 39,300 37,200 35,400
Name: Thermo Fisher
Scientific Inc.
City/Country: Waltham/Massachusetts, United
States of America/US
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: indirect
Name: SwissAnalytic Group
GmbH
City/Country: Reinach/BL, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 50-100%
Type: indirect, Group-Level
1
Name: Thermo Fisher
Scientific Inc.
City/Country: Waltham/Massachusetts, United
States of America/US
Class: 100%
Name: Erie-Electroverre SA
City/Country: Romont FR/FR, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Thermo Fisher
Scientific (Johannesburg) Ltd.
City/Country: Gauteng, South Africa/ZA
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Thermo Fisher
Scientific LED AG
City/Country: Reinach BL/BL, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Control date Year No. Amount CHF Status
08.05.2013 2013 0
08.05.2013 2012 0
08.05.2013 2011 0
08.05.2013 2010 0
08.05.2013 2009 0
19.04.2012 2008 0
30.11.2010 2007 0
30.11.2010 2006 0
28.04.2009 2005 0
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.
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 good.
Payment
experiences: Payments are made with
arranged conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.21 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.80.56 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
|
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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 |
-- |
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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.