MIRA INFORM REPORT

Report Date :

26.02.2007

IDENTIFICATION DETAILS

Name :	RIETER INGOLSTADT SPINNEREIMASCHINENBAU
Registered Office :	Aktiengesellschaft, Friedrich-Ebert-Str. 84, 85055 Ingolstadt
Country :	Germany
Financials (as on) :	31/12/2005
Date of Incorporation :	01.08.1955
Com. Reg. No.:	HRB 9
Legal Form :	Public Limited Company
Line of Business :	Manufacturers of machinery for textile, apparel and leather production Wholesalers of textile, sewing and knitting machines

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 :	Regular
Litigation :	Clear

Name & address

Rieter Ingolstadt Spinnereimaschinenbau

Aktiengesellschaft

Friedrich-Ebert-Str. 84

85055 Ingolstadt

Telephone: 0841/9536-01

Telefax: 0841/9536-850

Homepage: www.rieter.com

E-Mail: info@rieter.com

VAT no.

DE 811159056

CONCLUSION

The maximum credit is EUR 250.000,00.

Business relations are permissible.

LEGAL FORM

Public limited company

Date of foundation

25.11.1889

Registered on

01.08.1955

Commercial Register

Local court 85049 INGOLSTADT

Under

HRB 9

Share capital

EUR 12.273.600,00

Shareholder

Rieter Deutschland GmbH & Co. OHG

Friedrich-Ebert-Str. 84

85055 Ingolstadt

Legal form: General Partnership

Share: 100,00 %

Reg. Data: 28.12.1990

HRA 940

85049 INGOLSTADT

Member of the Board of Directors

Peter Schulz

Rotdornstr. 2

93142 Maxhütte-Haidhof

born 18.05.1967

Marital status: married

spouse Jutta Schulz

born on 03.08.1967

President of the Supervisory Board

Hans Rudolf Wichner

CH Winterthur

Nation.: Swiss

Vice-president of the Supervisory Board

Peter Gnägi

CH Stäfa

Nation.: Swiss

Member of the Supervisory Board

Prof. Dr. Ing. Gerd Egbers

72760 Reutlingen

Member of the Supervisory Board

Thomas Anwandner

CH Winterthur

Nation.: Swiss

Representative of the Employees within the Supervisory Board

Reiner Werle

93333 Neustadt

Representative of the Employees within the Supervisory Board

Gerhard Hyna

85080 Gaimersheim

Proxy:

Ralf Lohmann

85049 Ingolstadt

authorized to jointly represent the company

born 29.08.1960

Proxy

Erwin Schneider

Fasanenweg 2

85055 Ingolstadt

authorized to jointly represent the company

born 03.08.1954

Occupation: Fully qualified management

expert

Marital status: married

Proxy

Helmut Hackner

85095 Denkendorf

authorized to jointly represent the company

born 14.10.1961

Proxy

Werner Marz

85049 Ingolstadt

authorized to jointly represent the company

born 09.05.1960

Proxy

Werner Bergmeier

85101 Lenting

authorized to jointly represent the company

Occupation: Businessman

Proxy

Reinhard Demmer

85049 Ingolstadt

authorized to jointly represent the company

Proxy

Harald Szczepanek

91161 Hilpoltstein

authorized to jointly represent the company

born 07.07.1963

Proxy

Edgar Kraus

91161 Hilpoltstein

authorized to jointly represent the company

born 10.09.1961

BUSINESS HISTORY

01.08.1955 Schubert & Salzer Maschinenfabrik

Aktiengesellschaft

85049 Ingolstadt

Public limited company

BUSINESS ACTIVITIES

29540

MANUFACTURE OF MACHINERY FOR TEXTILE, APPAREL AND LEATHER PRODUCTION

51830

Wholesale of textile, sewing and knitting machines

PARTICIPATION

Limited Partner:

Esplanade GmbH & Co. KG

Friedrich-Ebert-Str. 84

85055 Ingolstadt

Legal form: Ltd partnership with priv. ltd.

Company as General partner

Total cap. contribution: EUR 10.225,84

Share: EUR 10.225,84

Reg. Data: 28.05.2003

HRA 1537

85049 INGOLSTADT

Limited Partner:

FM-Systems GmbH & Co. KG

Friedrich-Ebert-Str. 84

85055 Ingolstadt

Legal form: Ltd partnership with priv. ltd.

Company as General partner

Total cap. contribution: EUR 5.000,00

Share: EUR 5.000,00

Reg. Data: 16.03.2006

HRA 1853

85049 INGOLSTADT

Limited Partner:

BO-Systems GmbH & Co. KG

Friedrich-Ebert-Str. 84

85055 Ingolstadt

Legal form: Ltd partnership with priv. ltd.

Company as General partner

Total cap. contribution: EUR 5.000,00

Share: EUR 5.000,00

Reg. Data: 07.03.2006

HRA 1850

85049 INGOLSTADT

FINANCIAL INFORMATION

Payment experience: within agreed terms

REAL ESTATE

Type of ownership: proprietor

Share: 100,00 %

Address Friedrich-Ebert-Str. 84

85055 Ingolstadt

Private real estate

Name Peter Schulz

Type of ownership: unknown

Address Rotdornstr. 2

93142 Maxhütte-Haidhof

Land register documents were not available.

BANKERS

BAYER HYPO- UND VEREINSBANK, INGOLSTADT, DONAU

Sort. code: 72120078

DEUTSCHE BANK, INGOLSTADT, DONAU

Sort. code: 72170007

COMMERZBANK, INGOLSTADT, DONAU

Sort. code: 72140052

FIGURES

Financial year: 01.01.2005 - 31.12.2005

Turnover 2005 EUR 160.875.000,00

Share capital EUR 12.273.600,00

Employees: 750

Branch number: 29540 / 51830

Approximate figures are given.

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	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.	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
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions