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Report No. : |
318594 |
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Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
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Name : |
BECKMAN COULTER INTERNATIONAL SA |
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Registered Office : |
Rue Juste-Olivier 22, 1260 Nyon/VD, Switzerland/CH |
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Country : |
Switzerland
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
29.11.1989 |
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Com. Reg. No.: |
550.0.108.821-2 |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 responded to 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 hurt Switzerland's long history of bank secrecy.
|
Source
: CIA |
BECKMAN COULTER INTERNATIONAL SA
Rue Juste-Olivier 22
1260 Nyon/VD
Switzerland/CH
Telephone: 022
3653707
Fax: 022
3653700
Web
site: http://www.beckmancoulter.com
E-mail: reception.bce@beckman.com
WIN
Worldbox No.: CH0000154518
VAT-No.: CHE-105.821.128 MWST
UID-No.: CHE105821128
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
Import/Export: Import
Quality
certification: ISO 9001:2008
Banks: CS Credit Suisse
UBS Ltd
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 120
Sales: CHF 60-80 Mio
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.
Brands: Beckmann, Coulter, Altex, Spinco, Allegra, Icon, Optima, Sagian, Unicel, Synchron, Sami.
Information on property ownership was not
available.
Company
No: 550.0.108.821-2
UID-No.: CHE105821128
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.--
Title Name
President Peter David
Frost
Citizen:
Royaume-Uni, Switzerland
Residential
address: Saint-Livres, Switzerland
single
signature
Registered
since: 05.02.2015
Director Salvatore
Di Dio
Citizen:
Meyrin, Switzerland
Residential
address: Veyrier, Switzerland
single
signature
Registered
since: 20.07.2012
Director Arno
Michael Schönberger
Citizen:
Germany
Residential
address: Gilly, Switzerland
single
signature
Registered
since: 05.02.2015
Title Name
Auditor Ernst
& Young SA
Residential
address: Lancy, Switzerland
Id:
CH-660-0176999-6
Registered
since: 28.02.2012
Name: Danaher Corporation
City/Country: Washington/District of Columbia,
United States of America/US
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2014 31.12.2013 31.12.2012 31.12.2011 31.12.2010
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Statement norm: US-GAAP
Balance Sheet
Intangible fixed
assets 24,333.4 22,285.9 21,806.0 20,314.5 14,083.0
Tangible fixed assets 2,203.0 2,211.3 2,140.9 2,101.0 1,192.0
Financial fixed
assets 548.3 521.9 511.0
other fixed assets 1,024.0 1,061.3 858.0 739.7 701.0
Fixed assets 27,560.4 25,558.5 25,353.2 23,677.1 16,487.0
Stocks 1,831.5 1,783.5 1,813.4 1,781.4 1,225.0
Trade accounts
receivable 3,633.8 3,451.6 3,267.3 3,049.9 2,219.0
Liquid assets 3,005.6 3,115.2 1,678.7 537.0 1,633.0
other trade
accounts 960.4 763.4 828.4 904.1 653.0
Other current
assets 3,966.0 3,878.6 2,507.1 1,441.1 2,286.0
Current assets 9,431.3 9,113.7 7,587.8 6,272.4 5,730.0
Total assets 36,991.7 34,672.2 32,941.0 29,949.5 22,217.0
Capital 4,488.8 4,165.5 3,695.8 3,884.9 2,320.0
Other shareholders
funds 18,889.3 18,219.8 15,320.7 13,019.9 11,291.0
Total shareholders
equity 23,378.1 22,385.3 19,016.5 16,904.8 13,611.0
Minority interests 71.7 66.1 67.4 67.0 62.0
long term debt
(financial debts) 3,401.5 3,436.7 5,287.6 5,206.8 2,784.0
Other non current
liabilities 4,744.0 4,256.7 4,363.4 3,598.9 2,355.0
Non current
liabilities 8,145.5 7,693.4 9,651.0 8,805.7 5,139.0
short term debt
(financial debts) 71.9 62.3 55.5 98.4 41.0
Trade accounts
payable 1,875.0 1,778.2 1,546.3 1,422.4 1,216.0
Accruals 2,048.0
other accounts
payable 3,449.5 2,686.9 2,604.3 2,651.2
other current
liabilities 3,449.5 2,686.9 2,604.3 2,651.2 2,048.0
Current
liabilities 5,396.4 4,527.4 4,206.1 4,172.0 3,305.0
Shareh. equity,
min. int. & liabilities 36,991.7 34,672.2 32,941.0 29,949.5 22,117.0
Profit and loss account
Sales 19,913.8 19,118.0 18,270.3 16,090.5 13,203.0
Net sales 19,913.8 19,118.0 18,270.3 16,090.5 13,203.0
Other operating
revenue 33.9 93.7 66.8 23.0
Operating revenue 19,947.7 19,118.0 18,364.0 16,157.3 13,226.0
Cost of goods sold 9,471.3 9,160.4 8,846.1 7,913.9 6,576.0
Gross profit 10,476.4 9,957.6 9,517.9 8,243.4 6,650.0
Other operating
expenses 7,011.2 6,682.7 6,330.3 5,626.2 4,483.0
Operating result 3,465.2 3,274.9 3,187.6 2,617.2 2,167.0
Interest revenues 16.7 5.7 3.2 5.1 6.0
other financial
revenues 122.6 705.0 69.9 291.0
Financial income 139.3 710.7 73.1 5.1 297.0
Interest expenses 122.7 145.9 157.5 141.6 121.0
other financial
expenses 1,648.2 22.3 32.9
Financial expenses 1,770.9 145.9 179.8 174.5 121.0
Financial result -1,631.6 564.8 -106.7 -169.4 176.0
Result before
extraordinary items 1,833.6 3,839.7 3,080.9 2,447.8 2,343.0
Extraordinary
income 237.0
Extraordinary
Result 0.0 0.0 237.0 0.0
Result before
taxes 1,833.6 3,839.7 3,080.9 2,684.8 2,343.0
Taxes 883.4 871.0 711.0 512.6 550.0
Result before
minority interests 950.2 2,968.7 2,369.9 2,172.2 1,793.0
Result for the
financial year 950.2 2,968.7 2,369.9 2,172.2 1,793.0
Cash flow
Depreciation 552.6 529.9 497.8 350.7 198.0
Cash flow 1,502.8 3,498.6 2,867.7 2,522.9 1,991.0
Cash flow from
operating activities 3,758.4 3,585.3 3,415.0 2,626.3 2,084.0
Investments in
tangible fixed assets 597.5 551.5 458.3 -334.5 217.0
Cash flow from
investing activities -3,444.3 -552.5 -1,887.6 -5,847.3 -2,289.0
Cash flow from
financing activities -218.2 -1,605.8 -388.4 2,088.6 117.0
Others -205.5 9.5 2.7 36.4 -1.0
Change in
liquidity -109.6 1,436.5 1,141.7 -1,096.0 -89.0
Liquidity at
beginning of the year 3,115.2 1,678.7 537.0 1,633.0 1,722.0
Liquidity at end
of the year 3,005.6 3,115.2 1,678.7 537.0 1,633.0
Notes
Research and
Development 1,314.2 1,249.9 1,137.9 1,018.5 809.0
Added value 2,508.9 4,515.5 3,736.2 3,177.1 2,662.0
Working Capital 3,590.3 3,456.9 3,534.4 3,408.9 2,228.0
Sales per Employee 0.3 0.3 0.3 0.3 0.3
Gross cost land
and buildings 1,229.0 1,199.8 1,135.1 1,117.5 871.0
Gross cost other
tangible fixed assets 3,568.1 3,311.0 2,968.1 2,649.5 1,844.0
Gross cost total 4,797.1 4,510.8 4,103.2 3,767.0 2,715.0
Insurance value
total 0.0
Employees at year end 71,000 66,000 63,000 59,000 48,200
Employees inland 29,000 29,000 26,000 26,000 21,400
Employees abroad 42,000 37,000 37,000 33,000 26,800
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
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
Class: 100%
Name: Beckman Coulter
Eurocenter S.A.
City/Country: Nyon/VD, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
15.12.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
Official bankruptcy reports:
No bankruptcy publications available on the
subject.
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.
The company is not listed in the
WorldCompliance database.
Debt collection case:
JAN 2014: CHF 237.00, booked up.
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: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.40 |
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|
1 |
Rs.95.42 |
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Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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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 |
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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.