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Report No. : |
335508 |
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Report Date : |
11.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
BRUKER OPTIK GMBH |
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|
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Registered Office : |
Rudolf-Plank-Str. 27 D 76275 Ettlingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
1998 |
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|
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Com. Reg. No.: |
HRB 362608 |
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Legal Form : |
Private Limited Company |
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|
Line of Business : |
·
Manufacture of instruments and appliances
for measuring, testing and navigation ·
Wholesale of electrical household
appliances and radio and televisiongoods ·
Wholesale of nonelectric domestic
appliances, metal and other household goods n.e.c. ·
Interior design |
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|
|
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No. of Employee : |
309 |
RATING & COMMENTS
|
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
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 |
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, 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 5.2% in 2014. The new German government introduced a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in balance in 2014. 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. The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros 2016-18, largely in infrastructure, is intended to spur needed private investment. 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 plans to replace nuclear power with renewable energy, which accounted for 27.8% of gross electricity consumption in 2014, up from 9% in 2000. 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. Extremely low inflation, caused largely by low global energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
BRUKER
OPTIK GMBH
Company Status: active
Rudolf-Plank-Str. 27
D 76275 Ettlingen
Telephone:07243/504-200
Telefax: 07243/504-2050
Homepage: www.bruker.de
E-mail: info@brukeroptics.de
VAT
no.: DE812440710
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1998
Shareholders'
agreement: 18.05.1998
Registered on: 01.07.1998
Commercial Register: Local court 68159 Mannheim
under: HRB 362608
EUR 2,400,000.00
Shareholder:
Bruker Optics INC.
19 Fortune Drive
USA MA 01821-3991 Billerica
Legal form: Other legal form
Share: EUR 2,400,000.00
Manager:
Marc Ludger Beisel
D 76337 Waldbronn
born: 13.04.1968
Manager:
Jürgen Walter Srega
D 28199 Bremen
born: 14.08.1954 in 76228
Karlsruhe-Stupferich
Profession: Businessman
Marital status: married
Manager:
Urban Fäh
D 76337 Waldbronn
born: 06.01.1964
Proxy:
Stefan Ruge
D 28195 Bremen
authorized to jointly represent
the company
born: 23.11.1970
Proxy:
Dr. Roland Harig
Neubrunnenschlag 31
D 76337 Waldbronn
authorized to jointly
represent the company
born: 08.10.1969
Further functions/participations of Jürgen
Walter Srega (Manager)
Manager:
Bruker Daltonik GmbH
Fahrenheitstr. 4
D 28359 Bremen
Legal form: Private limited company
Share capital: EUR 2,556,459.40
Registered
on: 13.05.1980
Reg. data: 28195 Bremen, HRB 8150 HB
01.07.1998 - 21.11.2002 BRUKER OPTIK GMBH
Silberstreifen
D 76287 Rheinstetten
Private limited
company
15.09.2003
- 16.01.2015 Manager
Dr. Arno Simon
D 76139 Karlsruhe
17.11.2004 - 05.03.2014 Manager
Frank Müller
D 76448 Durmersheim
Main industrial sector
26512
Manufacture of instruments and appliances for measuring,
testing and navigation
4643
Wholesale of electrical household appliances and radio
and
televisiongoods
46495
Wholesale of nonelectric domestic appliances, metal and
other household goods n.e.c.
71112
Interior design
Shareholder:
Bruker-Physik GmbH
Rudolf-Plank-Str. 23
D 76275 Ettlingen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 8,500,000.00
Share: EUR 2,103,750.00
Reg. data: 23.07.2007
Local court
68159 Mannheim
HRB 702671
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Rudolf-Plank-Str. 27
D 76275 Ettlingen
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 76125 KARLSRUHE, BADEN
Sort.
code: 66070004
BIC: DEUTDESM660
Further bank
COMMERZBANK VORMALS DRESDNER BANK, 76009
KARLSRUHE, BADEN
Sort. code: 66080052
BIC: DRESDEFF660
Turnover: 2013 EUR 88,434,172.00
2014 EUR 95,000,000.00
Expected turnover: EUR 100,000,000.00
Profit: 2013 EUR 17,605,678.00
further business figures:
Equipment: EUR 1,329,661.00
Ac/ts receivable: EUR 61,443,934.00
Liabilities: EUR 15,270,400.00
Employees: * 309
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 81.02
Liquidity ratio: 5.74
Return
on total capital [%]: 13.85
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 79.20
Liquidity ratio: 10.00
Return on total capital [%]: 11.32
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 75.50
Liquidity ratio: 10.00
Return on total capital [%]: 16.38
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 67.05
Liquidity ratio: 1.57
Return
on total capital [%]: 32.52
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 130,197,612.65
Fixed assets
EUR 47,815,475.55
Intangible assets
EUR 452,771.04
Concessions, licences, rights
EUR 452,771.04
Tangible assets
EUR 18,364,228.69
Land / similar rights
EUR 16,902,487.73
Other tangible assets / fixtures and
fittings
EUR 1,329,661.25
Advance payments made / construction
in progress
EUR 132,079.71
Financial assets
EUR 28,998,475.82
Shares
in participations /
subsidiaries and the like
EUR 28,998,475.82
Shares in related companies
EUR 28,998,475.82
Current assets
EUR 82,300,292.65
Stocks EUR 15,863,542.21
Raw materials, consumables and
supplies
EUR 10,162,098.18
Finished goods / work in progress
EUR 5,701,444.03
Accounts receivable
EUR 61,443,934.27
Trade debtors
EUR 4,103,811.60
Amounts due from related companies
EUR 55,479,508.09
Other debtors and assets
EUR 1,860,614.58
Liquid means EUR 4,992,816.17
Remaining other assets
EUR 81,844.45
Accruals (assets)
EUR 81,844.45
LIABILITIES EUR 130,197,612.65
Shareholders' equity EUR 105,966,212.48
Capital
EUR 2,400,000.00
Subscribed capital (share capital)
EUR 2,400,000.00
Reserves
EUR 73,598,974.15
Retained earnings / revenue reserves EUR 73,598,974.15
Balance sheet profit/loss (+/-)
EUR 29,967,238.33
Profit / loss brought forward
EUR 12,361,560.12
Annual surplus / annual deficit
EUR 17,605,678.21
Provisions
EUR 8,674,580.30
Provisions for taxes
EUR 1,269,754.00
Other / unspecified provisions
EUR 7,404,826.30
Liabilities
EUR 15,270,399.61
Other liabilities
EUR 15,270,399.61
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,855,230.44
Liabilities from received advance
payments EUR 3,189,687.76
Liabililties due to related companiesEUR 8,986,587.39
Unspecified other liabilities
EUR 238,894.02
thereof liabilities from tax /
financial authorities
EUR 159,194.82
Other liabilities
EUR 286,420.26
Deferrals (liabilities)
EUR 286,420.26
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code (HGB)
Sales EUR 88,434,171.64
Manufacturing costs
EUR 45,588,121.70
Gross result on sales
EUR 42,846,049.94
Research and development costs
EUR 7,516,982.52
Other operating income
EUR 2,651,169.34
Other operating expenses
EUR 20,998,694.67
Operating result from continuing
operations
EUR 16,981,542.09
Result from participating interests
(+/-)
EUR 5,500,000.00
Expenses / income from participations EUR 5,500,000.00
Income from related companies
EUR 5,500,000.00
Interest result (+/-)
EUR 181,407.33
Interest and similar income
EUR 329,761.83
thereof from related companies
EUR 189,295.83
Interest and similar expenses
EUR 148,354.50
thereof
paid to related companies EUR 0.00
Financial result (+/-)
EUR 5,681,407.33
Result from ordinary operations (+/-)
EUR 22,662,949.42
Income tax / refund of income tax (+/-)EUR -5,117,279.87
Other taxes / refund of taxes
EUR 60,008.66
Tax
(+/-)
EUR -5,057,271.21
Annual surplus / annual deficit
EUR 17,605,678.21
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 111,617,960.00
Fixed assets
EUR 48,974,369.99
Intangible assets
EUR 620,961.05
Concessions, licences, rights
EUR 620,961.05
Tangible assets
EUR 19,354,933.12
Land / similar rights
EUR 17,639,034.20
Other tangible assets / fixtures and
fittings
EUR 1,625,187.15
Advance payments made / construction
in progress
EUR 90,711.77
Financial assets
EUR 28,998,475.82
Shares in participations /
subsidiaries and the like
EUR 28,998,475.82
Shares in related companies
EUR 28,998,475.82
Current assets
EUR 62,494,999.43
Stocks
EUR 16,670,413.71
Raw materials, consumables and
supplies
EUR 10,290,874.53
Finished goods / work in progress
EUR 6,379,539.18
Accounts receivable
EUR 26,705,912.87
Trade debtors
EUR 6,135,140.27
Amounts due from related companies
EUR 17,647,340.23
Other debtors and assets
EUR 2,923,432.37
Liquid means
EUR 19,118,672.85
Remaining other assets
EUR 148,590.58
Accruals (assets)
EUR 148,590.58
LIABILITIES EUR 111,617,960.00
Shareholders' equity
EUR 88,360,534.27
Capital
EUR 2,400,000.00
Subscribed capital (share capital)
EUR 2,400,000.00
Reserves
EUR 73,598,974.15
Retained earnings / revenue reserves EUR 73,598,974.15
Balance sheet profit/loss (+/-)
EUR 12,361,560.12
Annual surplus / annual deficit
EUR 12,361,560.12
Provisions
EUR 10,245,328.03
Provisions for taxes
EUR 2,599,583.67
Other / unspecified provisions
EUR 7,645,744.36
Liabilities
EUR 12,817,846.10
Other liabilities
EUR 12,817,846.10
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,752,019.17
Liabilities from received advance
payments
EUR 4,227,166.65
Liabililties due to related companiesEUR
5,196,468.31
Unspecified other liabilities
EUR 642,191.97
thereof liabilities from tax /
financial authorities
EUR 599,896.53
Other liabilities
EUR 194,251.60
Deferrals (liabilities)
EUR 194,251.60
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code (HGB)
Sales
EUR 91,298,805.53
Manufacturing costs
EUR 46,156,009.84
Gross result on sales
EUR 45,142,795.69
Research and development costs
EUR 7,380,526.14
Other operating income
EUR 2,855,875.00
Other operating expenses EUR 20,934,675.37
Operating result from continuing
operations
EUR 19,683,469.18
Interest result (+/-)
EUR -601,418.03
Interest and similar income
EUR 31,890.43
thereof from related companies
EUR 25,083.33
Interest and similar expenses
EUR 633,308.46
thereof paid to related companies
EUR 17,305.56
Financial result (+/-) EUR -601,418.03
Result from ordinary operations (+/-)
EUR 19,082,051.15
Income tax / refund of income tax (+/-)EUR -6,622,160.14
Other taxes / refund of taxes
EUR -98,330.89
Tax
(+/-) EUR -6,720,491.03
Annual surplus / annual deficit
EUR 12,361,560.12
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.98.76 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
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.