|
Report Date : |
09.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
BRUKER
ELEMENTAL GMBH |
|
|
|
|
Registered Office : |
Kastellstr.
31-35 D 47546 Kalkar |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
15.07.2002 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture
of irradiation, electromedical and electrotherapeutic equipment ·
Manufacture
of technical instruments and supplies for medical purposes |
|
|
|
|
No. of Employees : |
217 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
BRUKER ELEMENTAL GMBH
Company Status: active
Kastellstr. 31-35
D 47546 Kalkar
Telephone:02824/976500
Telefax: 02824/9765010
Homepage: www.bruker-elemental.com
E-mail: michael.moellers@bruker-elemental.
com
VAT no.: DE813481908
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 21.06.2002
Shareholders'
agreement:
21.06.2002
Registered on: 15.07.2002
Commercial Register: Local court 47533 Kleve
under: HRB
2541
Share capital: EUR 680,000.00
Shareholder:
BRUKER AXS GmbH
Östliche Rheinbrückenstr.
49
D 76187 Karlsruhe
Legal form: Private
limited company
Share capital: EUR 6,000,000.00
Share: EUR 680,000.00
Registered on: 05.07.1996
Reg. data: 68159
Mannheim, HRB 107524
Manager:
Andreas Stefan Kunz
D 47533 Kleve
authorized to jointly
represent the company
born: 18.10.1962
Manager:
Bernhard Kolodziej
Am Schloßberg 1
D 76889
Pleisweiler-Oberhofen
authorized to jointly represent
the company
born: 10.03.1966
Proxy:
Mischa Ounanian
D 47574 Goch
authorized to jointly
represent the company
born: 14.05.1975
Further functions/participations of Bernhard
Kolodziej (Manager)
Manager:
BRUKER AXS GmbH
Östliche Rheinbrückenstr.
49
D 76187 Karlsruhe
Legal form: Private
limited company
Share capital: EUR 6,000,000.00
Registered
on: 05.07.1996
Reg. data: 68159 Mannheim, HRB 107524
Manager:
Bruker Nano GmbH
Am Studio 2d
D 12489 Berlin
Legal form: Private
limited company
Share capital: EUR 330,000.00
Registered
on: 15.12.2005
Reg. data: 14057 Berlin, HRB 99662 B
21.06.2002 - 01.11.2006 QUANTRON GmbH
Tiergartenstr. 64
D 47533 Kleve
Private limited
company
02.11.2006 - 28.06.2007 Bruker-Quantron GmbH
Tiergartenstr. 64
D 47533 Kleve
Private limited
company
28.06.2007 - 11.12.2008 Bruker Quantron GmbH
Kastellstr. 31-35
D 47546 Kalkar
Private limited
company
15.01.2009 - 10.04.2012 Manager
Karl-Josef Weifels
D 41564 Kaarst
Main industrial sector
26600
Manufacture of irradiation, electromedical and
electrotherapeutic equipment
32501 Manufacutre of technical instruments and
supplies for
medical purposesn.e.c.
46692 Wholesale of other machinery
72190 Other research and experimental development
on natural
sciences and engineering
Shareholder:
Bruker Nano GmbH
Am Studio 2d
D 12489 Berlin
Legal form: Private
limited company
Company Status: active
Share capital: EUR 330,000.00
Share: EUR 330,000.00
Reg. data: 15.12.2005
Local court
14057 Berlin
HRB 99662 B
Payment
experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Kastellstr. 31-35
D 47546 Kalkar
Land register documents were not available.
SPARKASSE KLEVE, 47515 KLEVE, NIEDERRHEIN
Sort. code: 32450000
BIC: WELADED1KLE
Turnover: 2012 EUR 22,359,045.00
Profit: 2012 EUR
4,710,408.00
Equipment: EUR 264,657.00
Ac/ts receivable: EUR
11,741,671.00
Liabilities: EUR 16,041,203.00
Employees:
217
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 70.89
Liquidity ratio: 1.55
Return on total capital [%]: 19.94
Balance sheet grade: 1.2
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 85.30
Liquidity ratio: 3.05
Return on total capital [%]: 20.80
Balance sheet grade: 1.0
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 87.90
Liquidity ratio: 3.39
Return on total capital [%]: 13.53
Balance sheet grade: 1.1
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 80.80
Liquidity ratio: 1.00
Return on total capital [%]: -20.75
Balance sheet grade: 2.8
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: 01.01.2012
- 31.12.2012
ASSETS EUR 26,892,088.55
Fixed assets EUR 10,468,109.72
Intangible assets EUR 2,347,255.38
Concessions, licences,
rights EUR 2,307,540.59
Goodwill EUR 39,714.79
Tangible assets EUR 1,184,499.51
Land / similar
rights EUR 681,071.85
Plant / machinery EUR 238,770.19
Other tangible assets /
fixtures and
fittings EUR 264,657.47
Financial assets EUR 6,936,354.83
Shares in participations
/
subsidiaries and the
like EUR 6,936,354.83
Shares in related
companies EUR 6,936,354.83
Current assets EUR
16,288,978.83
Stocks EUR 4,546,463.30
Raw materials,
consumables and
supplies EUR 2,054,107.35
Finished goods / work in
progress EUR 2,316,053.09
Advance payments
made EUR 176,302.86
Accounts receivable EUR 11,741,671.39
Amounts due from
shareholders EUR 3,224,214.29
Trade debtors EUR 2,411,421.77
Amounts due from related
companies EUR 6,090,632.89
Other debtors and
assets EUR 15,402.44
Liquid means EUR 844.14
Remaining other
assets EUR 135,000.00
Accruals (assets) EUR 135,000.00
LIABILITIES EUR 26,892,088.55
Shareholders' equity EUR 9,472,978.26
Capital EUR 680,000.00
Subscribed capital
(share capital) EUR 680,000.00
Reserves EUR 6,996,621.83
Capital reserves EUR 6,996,621.83
Balance sheet profit/loss
(+/-) EUR 1,796,356.43
Profit / loss brought
forward EUR -2,914,051.94
Annual surplus / annual
deficit EUR 4,710,408.37
Provisions EUR 1,238,298.56
Provisions for taxes EUR 671,671.83
Other / unspecified
provisions EUR 566,626.73
Liabilities EUR 16,041,202.62
Other liabilities EUR 16,041,202.62
Trade creditors (for IAS
incl. bills
of exchange) EUR 594,698.69
Liabilities from
received advance
payments EUR 757,817.98
Liabilities due to shareholders EUR 10,540,236.30
Liabililties due to
related companiesEUR
4,115,022.75
Unspecified other
liabilities EUR 33,426.90
thereof liabilities
from tax /
financial
authorities EUR 3,201.60
Other liabilities EUR 139,609.11
Deferrals
(liabilities) EUR 139,609.11
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code (HGB)
Sales EUR 22,359,045.07
Manufacturing costs EUR 15,185,861.10
Gross result on sales EUR 7,173,183.97
Distribution costs EUR 3,725,694.43
General administration
expenses EUR 818,762.14
Research and development
costs EUR 1,956,599.11
Other operating
income EUR 140,548.77
Other operating
expenses EUR 135,019.88
Operating result from
continuing
operations EUR 677,657.18
Result from participating
interests
(+/-) EUR 5,078,728.09
Expenses / income from
participations EUR 5,078,728.09
Income from related
companies EUR 5,078,728.09
Interest result (+/-) EUR 7,345.37
Interest and similar
income EUR 17,376.38
thereof from related
companies EUR 15,772.41
Interest and similar
expenses EUR 10,031.01
Financial result
(+/-) EUR 5,086,073.46
Result from ordinary
operations (+/-) EUR 5,763,730.64
Income tax / refund of
income tax (+/-)EUR -1,053,322.27
Tax (+/-) EUR -1,053,322.27
Annual surplus / annual
deficit EUR 4,710,408.37
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 18,154,868.64
Fixed assets EUR 8,191,103.46
Intangible assets EUR 94,419.83
Concessions, licences,
rights EUR 50,830.36
Goodwill EUR 43,589.47
Tangible assets EUR 1,160,328.80
Land / similar
rights EUR 697,219.80
Plant / machinery EUR 233,388.92
Other tangible assets /
fixtures and
fittings EUR 229,720.08
Financial assets EUR 6,936,354.83
Shares in participations
/
subsidiaries and the
like EUR 6,936,354.83
Shares in related
companies EUR 6,936,354.83
Current assets EUR 9,952,503.40
Stocks EUR 4,618,112.62
Raw materials,
consumables and
supplies EUR 1,542,866.30
Finished goods / work in
progress EUR 2,869,037.19
Advance payments
made EUR 206,209.13
Accounts receivable EUR 5,334,180.43
Trade debtors EUR 1,386,095.18
Amounts due from related
companies EUR 3,935,194.77
Other debtors and
assets EUR 12,890.48
Liquid means EUR 210.35
Remaining other
assets EUR 11,261.78
Accruals (assets) EUR 11,261.78
LIABILITIES EUR 18,154,868.64
Shareholders' equity EUR 4,762,569.89
Capital EUR 680,000.00
Subscribed capital
(share capital) EUR 680,000.00
Reserves EUR 6,996,621.83
Capital reserves EUR 6,996,621.83
Balance sheet profit/loss
(+/-) EUR -2,914,051.94
Profit / loss brought
forward EUR -6,680,715.97
Annual surplus / annual deficit EUR 3,766,664.03
Provisions EUR 812,571.16
Provisions for taxes EUR 211,678.09
Other / unspecified
provisions EUR 600,893.07
Liabilities EUR 12,477,943.88
Other liabilities EUR 12,477,943.88
Trade creditors (for IAS
incl. bills
of exchange) EUR 638,939.50
Liabilities from
received advance
payments EUR 815,173.14
Liabilities due to
shareholders EUR 10,729,973.77
Liabililties due to
related companiesEUR
209,573.73
Unspecified other
liabilities EUR 84,283.74
Other liabilities EUR 101,783.71
Deferrals
(liabilities) EUR 101,783.71
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code (HGB)
Sales EUR 18,431,871.59
Manufacturing costs EUR 12,524,763.36
Gross result on sales EUR 5,907,108.23
Distribution costs EUR 2,229,292.53
General administration
expenses EUR 594,074.14
Research and development
costs EUR 1,764,673.74
Other operating
income EUR 154,853.89
Other operating
expenses EUR 271,058.89
Operating result from
continuing
operations EUR 1,202,862.82
Result from participating
interests
(+/-) EUR 2,848,495.15
Expenses / income from
participations EUR 2,848,495.15
Income from related
companies EUR 2,848,495.15
Interest result (+/-) EUR -13,632.73
Interest and similar
income EUR 15,688.08
thereof from related companies EUR 15,688.08
Interest and similar
expenses EUR 29,320.81
thereof paid to related
companies EUR 26,952.81
Financial result
(+/-) EUR 2,834,862.42
Result from ordinary
operations (+/-) EUR 4,037,725.24
Income tax / refund of
income tax (+/-)EUR -271,061.21
Tax (+/-) EUR -271,061.21
Annual surplus / annual
deficit EUR 3,766,664.03
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.99 |
|
|
1 |
Rs.101.75 |
|
Euro |
1 |
Rs.83.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.