|
Report Date : |
09.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
AIXTRON SE |
|
|
|
|
Registered Office : |
Dornkaulstr. 2, D 52134 Herzogenrath |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
1984 |
|
|
|
|
Legal Form : |
European Company (SE) |
|
|
|
|
Line of Business : |
· Manufacture of other chemical products · Wholesale of chemical products · Engineering activities in the field of technical sectoral planning and engineering design · Other research and experimental development on natural sciences and engineering |
|
|
|
|
No of Employees : |
381 |
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 : |
Slow but correct |
|
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
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
AIXTRON SE
Company Status: active
Dornkaulstr. 2
D 52134 Herzogenrath
Telephone: 0241/89090
Telefax: 0241/890940
Homepage: www.aixtron.com
E-mail: info@aixtron.com
VAT no.: DE123597183
Legal Form European Company (SE)
Date of foundation: 1984
Registered on: 22.12.2010
Commercial Register: Local court
52070 Aachen
under: HRB 16590
Share capital:
EUR 112,613,445.00
The company is listed on the stock market.
Shareholder:
AIXTRON SE
Dornkaulstr.
2
D 52134 Herzogenrath
Legal form:
European Company (SE)
Share
capital: EUR 112,613,445.00
Share: 0.960 %
Registered
on: 22.12.2010
Reg. data:
52070 Aachen, HRB 16590
Shareholder:
Allianz
Global Investors Europe GmbH
Bockenheimer
Landstr. 42-44
D 60323
Frankfurt
Post Box:
11 04 43, D 60036 Frankfurt
Legal form:
Private limited company
Share
capital: EUR 49,900,900.00
Share: 6.050 %
Registered
on: 10.04.1968
Reg. data:
60313 Frankfurt, HRB 9340
Shareholder:
Societe
Generale S.A.
F - Paris
Legal form:
Private limited company
Share: 0.050 %
Shareholder:
UBS AG
Aeschenvorstadt 1
CH 4051 Basel
Legal form:
Public limited company
Share: 2.630 %
Shareholder:
Credit Suisse
Group AG
Paradeplatz 8
CH 8001
Zürich
Legal form:
Other legal form
Share: 1.280 %
Shareholder:
BlackRock
Inc.
40 East 52nd
Street, 2nd Floor
USA 10022 New
York
Legal form:
Other legal form
Share: 2.960 %
Shareholder:
Baillie
Gifford & Co.
Calton
Square, 1 Greenside Row
GB -
Edinburgh, EH1 3AN
Legal form:
Other legal form
Share: 4.630 %
Shareholder:
Camma B.V.
Scholderlaan
3
NL 4325 EN
Renesse
Legal form:
Other legal form
Share: 7.510 %
Shareholder:
Generation
Investment Management LLP
20 Air Street
GB W1B5AN
London
Legal form:
Other legal form
Share: 5.170 %
Shareholder:
Vanguard
Group Inc.
USA POBOX
2600 Valley Forge
Legal form:
Other legal form
Share: 3.320 %
President of the Board of Directors:
Martin Fred Ludwig
Goetzeler
D 82057
Icking
born:
11.05.1962 in München
Profession:
Fully qualified merchant
Marital
status: unknown
Member of the Board of Directors:
Dr. Bernd
Schulte
D 52066
Aachen
authorized to
jointly represent the company
born:
22.08.1962
President of the Supervisory Board:
Kim Schindelhauer
Salvatorberg
5
D 52070
Aachen
born:
28.05.1953 in Essen
Profession:
Fully qualified merchant
Marital
status: married
Member of the Supervisory Board:
Prof. Dr.
Wolfgang Heinz Blättchen
Im
Steinbergle 13
D 71229
Leonberg
born:
23.01.1953
Profession:
Business consultant
Marital status: married
Member of the Supervisory Board:
Dr. Martin
Komischke
CH - Zug
born:
11.10.1957
Profession:
graduate engineer
Member of the Supervisory Board:
Dr. Andreas
Biagosch
Irmgardstr.
10
D 81479
München
born:
22.05.1955
Marital
status: married
Member of the Supervisory Board:
Prof. Dr. Petra Denk
D 52134
Herzogenrath
born: 1972 in
Düsseldorf
Profession:
Fully qualified physicist
Member of the Supervisory Board:
Prof. Dr.
Rüdiger von Rosen
D 52134
Herzogenrath
born: 1943
Profession:
Fully qualified merchant
25.08.1994 - 17.09.1997 AIXTRON
Semiconductor Technologies GmbH
Kackertstr. 15-17
D 52072
Aachen
Private
limited company
17.09.1997 - 04.06.2009 AIXTRON
AG (bis 04.06.2009)
Kackertstr. 15-17
D 52072
Aachen
Public limited company
04.06.2009 - 22.12.2010 AIXTRON
AG (bis 22.12.2010)
Kaiserstr. 98
D 52134
Herzogenrath
Public
limited company
22.12.2010 - 30.06.2014 AIXTRON
SE
Kaiserstr. 98
D 52134
Herzogenrath
European
Company (SE)
29.12.2010 - 26.06.2014 Member of
the Board of Directors
Wolfgang
Breme
D 40885
Ratingen
18.10.2011 - 30.12.2013 Member of
the Supervisory Board
Dipl.-Ing. Karl-Hermann Kuklies
D 47179
Duisburg
14.10.2011 - 30.12.2013
Vice-president of the Supervisory Board
Dr.
Holger Jürgensen
NL
Renesse
25.03.2013 - 06.06.2013 Member of
the Board of Directors
Martin
Fred Ludwig Goetzeler
D 82057
Icking
24.10.2011 - 18.03.2013 President
of the Board of Directors
Paul Kent
Hyland
D 52062
Aachen
29.12.2010 - 24.10.2011 Member of
the Board of Directors
Paul Kent
Hyland
D 52062 Aachen
22.12.2010 - 14.10.2011 President
of the Supervisory Board
Joachim
Simmroß
D 30559
Hannover
Sectors
2059 Manufacture of other
chemical products n.e.c.
4675 Wholesale of chemical
products
71122 Engineering activities in
the field of technical sectoral
planning andengineering design
7219 Other research and
experimental development on natural
sciences and engineering
Shareholder:
AIXTRON SE
Dornkaulstr.
2
D 52134
Herzogenrath
Legal form:
European Company (SE)
Company
Status: active
Share
capital: EUR 112,613,445.00
Share: 0.960
%
Reg.
data: 22.12.2010
Local court 52070 Aachen
HRB 16590
Payment experience: within periods customary in this trade
Negative information: We have
no negative information at hand.
Balance sheet year: 2013
Type of ownership: proprietor
Share: 100.00 %
Address Dornkaulstr. 2
D
52134 Herzogenrath
Real Estate of: AIXTRON SE
Type of ownership: proprietor
Share: 100.00 %
Address Dornkaulstr. 2
D 52134 Herzogenrath
Real Estate of: Allianz Global Investors Europe GmbH
Type of ownership: Tenant
Address Bockenheimer Landstr. 42-44
D 60323 Frankfurt
Land register documents were not available.
SPARKASSE AACHEN, 52059 AACHEN
Sort. code: 39050000, Account no.: 19588
BIC: AACSDE33XXX, IBAN: DE22390500000000019588
DEUTSCHE BANK, 52062 AACHEN
Sort. code: 39070020, Account no.: 1001700
BIC: DEUTDEDK390, IBAN: DE13390700200100170000
Turnover: 2012 EUR 188,815,998.00
2013 EUR 143,002,798.00
Profit: 2012 EUR -103,179,000.00
2013 EUR -110,449,425.00
further
business figures:
Ac/ts
receivable:
EUR 25,298,507.00
Liabilities: EUR 49,531,825.00
Employees:
381
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: 83.18
Liquidity
ratio: 10.00
Return
on total capital [%]: -23.09
Balance
sheet ratios 01.01.2012 - 31.12.2012
Equity
ratio [%]: 82.06
Liquidity
ratio: 10.00
Return
on total capital [%]: -22.13
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity
ratio [%]: 78.16
Liquidity
ratio: 10.00
Return
on total capital [%]: 3.96
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 71.22
Liquidity
ratio: 10.00
Return
on total capital [%]: 26.24
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: 01.01.2013 - 31.12.2013
ASSETS EUR 478,335,803.48
Fixed assets EUR 184,582,336.82
Intangible assets EUR 38,222,087.66
Advance payments for intang. assets EUR
38,222,087.66
Tangible assets EUR 71,537,614.57
Advance payments made / construction
in progress EUR 71,537,614.57
Financial assets EUR 74,822,634.59
Shares in participations /
subsidiaries and the like EUR 74,822,634.59
Shares in related companies EUR
74,822,634.59
Current assets EUR 293,556,362.61
Stocks EUR 50,166,547.07
Advance payments made EUR 50,166,547.07
Accounts receivable EUR 25,298,507.36
Other debtors and assets EUR 25,298,507.36
Liquid means EUR 218,091,308.18
Remaining other assets EUR 197,104.05
Accruals (assets) EUR 197,104.05
LIABILITIES EUR 478,335,803.48
Shareholders' equity EUR 397,900,547.71
Capital EUR 112,613,445.00
Subscribed capital (share capital) EUR
112,613,445.00
Reserves EUR 286,418,473.47
Capital reserves EUR 286,418,473.47
Balance sheet profit/loss (+/-) EUR -1,131,370.76
Balance sheet profit / loss EUR -1,131,370.76
Provisions EUR 30,903,431.04
Other / unspecified provisions EUR 30,903,431.04
Liabilities EUR 49,531,824.73
Other liabilities EUR 49,531,824.73
Trade creditors (for IAS incl. bills
of exchange) EUR 6,401,049.39
Liabilities from received advance
payments EUR 39,034,568.70
Liabililties due to related
companiesEUR 2,420,497.03
Unspecified other liabilities EUR 1,675,709.61
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 143,002,798.04
Inventory change + own costs (+/-) EUR
-20,676,696.18
Inventory change (+/-) EUR -21,779,516.08
Capitalised own costs EUR 1,102,819.90
Other operating income EUR 13,801,305.78
Cost of materials EUR 81,162,078.40
Raw materials and supplies, purchased
goods EUR 69,126,985.87
Purchased services EUR 12,035,092.53
Gross result (+/-) EUR 54,965,329.24
Staff expenses EUR 40,127,939.95
Wages and salaries EUR 35,640,384.13
Social security contributions and
expenses for pension plans and
benefits EUR 4,487,555.82
Total depreciation EUR 65,642,678.77
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 34,118,045.94
Depreciation on current assets (+/-) EUR
31,524,632.83
Other operating expenses EUR 99,590,747.59
Operating result from continuing
operations EUR -150,396,037.07
Result from participating interests
(+/-) EUR 41,295,642.79
Expenses / income from participations
EUR 41,295,642.79
Income from related companies EUR
41,295,642.79
Interest result (+/-) EUR 244,851.33
Interest and similar income EUR 585,186.24
Interest and similar expenses EUR 340,334.91
Other financial result EUR
-1,279,985.25
Depreciation on financial assets and
marketable securities EUR 1,279,985.25
Financial result (+/-) EUR 40,260,508.87
Result from ordinary operations (+/-) EUR
-110,135,528.20
Income tax / refund of income tax
(+/-)EUR -52,702.21
Other taxes / refund of taxes EUR -261,195.02
Tax (+/-) EUR -313,897.23
Annual surplus / annual deficit EUR -110,449,425.43
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2012 - 31.12.2012
ASSETS EUR 488,898,703.31
Fixed assets EUR 204,373,695.22
Intangible assets EUR 49,071,810.41
Concessions, licences, rights EUR 25,931,899.70
Goodwill EUR 22,664,050.11
Advance payments for intang. assets EUR
475,860.60
Tangible assets EUR 87,301,215.50
Land / similar rights EUR 48,574,014.65
Plant / machinery EUR 26,549,699.78
Other tangible assets / fixtures and
fittings EUR 6,826,644.84
Advance payments made / construction
in progress EUR 5,350,856.23
Financial assets EUR 68,000,669.31
Shares in participations /
subsidiaries and the like EUR 68,000,669.31
Shares in related companies EUR 68,000,669.31
Current assets EUR 284,147,039.28
Stocks EUR 108,472,186.06
Raw materials, consumables and
supplies EUR 29,994,446.43
Finished goods / work in progress EUR
77,727,696.75
Advance payments made EUR 750,042.88
Accounts receivable EUR 38,640,142.26
Trade debtors EUR 31,508,229.89
Amounts due from related companies EUR
2,321,948.14
Other debtors and assets EUR 4,809,964.23
Liquid means EUR 137,034,710.96
Remaining other assets EUR 377,968.81
Accruals (assets) EUR 377,968.81
LIABILITIES EUR 488,898,703.31
Shareholders' equity EUR 405,247,989.71
Capital EUR 101,975,023.00
Subscribed capital (share capital) EUR
101,975,023.00
Reserves EUR 354,916,971.18
Capital reserves EUR 193,954,912.04
Retained earnings / revenue reserves
EUR 160,962,059.14
Balance sheet profit/loss (+/-) EUR -51,644,004.47
Balance sheet profit / loss EUR
-51,644,004.47
Provisions EUR 31,439,618.74
Other / unspecified provisions EUR 31,439,618.74
Liabilities EUR 52,211,094.86
Other liabilities EUR 52,211,094.86
Trade creditors (for IAS incl. bills
of exchange) EUR 4,761,768.45
Liabilities from received advance
payments EUR 40,805,504.84
Liabililties due to related
companiesEUR 4,109,293.14
Unspecified other liabilities EUR 2,534,528.43
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 188,815,997.57
Inventory change + own costs (+/-) EUR
-19,951,113.80
Inventory change (+/-) EUR -20,014,120.49
Capitalised own costs EUR 63,006.69
Other operating income EUR 41,774,680.27
Cost of materials EUR 119,928,853.28
Raw materials and supplies, purchased
goods EUR 102,763,534.03
Purchased services EUR 17,165,319.25
Gross result (+/-) EUR 90,710,710.76
Staff expenses EUR 44,247,265.54
Wages and salaries EUR 37,905,349.99
Social security contributions and
expenses for pension plans and
benefits EUR 6,341,915.55
Total depreciation EUR 22,748,517.26
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 22,748,517.26
Other operating expenses EUR 153,366,329.33
Operating result from continuing
operations EUR -129,651,401.37
Result from participating interests
(+/-)
EUR 25,000,000.00
Expenses / income from participations
EUR 25,000,000.00
Income from related companies EUR 25,000,000.00
Interest result (+/-) EUR 1,608,444.36
Interest and similar income EUR 1,713,907.97
Interest and similar expenses EUR 105,463.61
Financial result (+/-) EUR 26,608,444.36
Result from ordinary operations (+/-) EUR
-103,042,957.01
Income tax / refund of income tax
(+/-)EUR -66,851.32
Other taxes / refund of taxes EUR -69,473.87
Tax (+/-) EUR -136,325.19
Annual surplus / annual deficit EUR -103,179,282.20
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.47 |
|
|
1 |
Rs.98.77 |
|
Euro |
1 |
Rs.77.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
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.