MIRA INFORM REPORT

Report Date :

08.11.2012

IDENTIFICATION DETAILS

Name :	HERAEUS PRECIOUS METALS GMBH & CO. KG

Registered Office :	Heraeusstr. 12-14, D 63450 Hanau

Country :	Germany

Date of Incorporation :	21.09.2010

Legal Form :	Private limited company

Line of Business :	Manufacture of other inorganic basic chemicals

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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 – June 30^th, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Germany

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, contributed to strong growth in 2006 and 2007 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 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. 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. 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 energy and 46% of its base-load electrical production

Source : CIA

Company name

Heraeus Precious Metals GmbH & Co. KG

Heraeusstr. 12-14

D 63450 Hanau

Telephone: 06181/350

Telefax: 06181/353588

Homepage: www.heraeus-precious-metals.de

E-mail: hpm@heraeus.com

Company details

LEGAL FORM Ltd partnership with priv. ltd. company as general partner

Date of foundation: 21.09.2010

Registered on: 21.09.2010

companies: Local court 63450 Hanau

under: HRA 92854

Total cap. contribution: EUR 30,000,000.00

Limited partner

HERAEUS HOLDING Gesellschaft mit

beschränkter Haftung

Heraeusstr. 12-14

D 63450 Hanau

Legal form: Private limited company

Share capital: EUR 210,000,000.00

Share: EUR 30,000,000.00

Registered on: 19.02.1986

Reg. data: 63450 Hanau, HRB 3364

General partner

Heraeus Precious Metals Verwaltungs GmbH

Heraeusstr. 12-14

D 63450 Hanau

Legal form: Private limited company

Share capital: EUR 26,000.00

Registered on: 23.03.1998

Reg. data: 63450 Hanau, HRB 6113

Shareholder

HERAEUS HOLDING Gesellschaft mit

beschränkter Haftung

Heraeusstr. 12-14

D 63450 Hanau

Legal form: Private limited company

Share capital: EUR 210,000,000.00

Share: EUR 24,700.00

Registered on: 19.02.1986

Reg. data: 63450 Hanau, HRB 3364

Shareholder

Heraeus Liegenschafts- und Facility

Management GmbH & Co. KG

Heraeusstr. 12-14

D 63450 Hanau

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap. EUR 5,200,000.00

contribution:

Share: EUR 1,300.00

Registered on: 23.06.1997

Reg. data: 63450 Hanau, HRA 5233

Manager

Dr. Roland Gerner

D 63517 Rodenbach

born: 11.11.1954

President of the Supervisory Board:

Dr. Frank Heinricht

D 74223 Flein

born: 02.03.1962

Profession: Physicist

Vice-president of the Supervisory Board:

Jan Richard Rinnert

D 63450 Hanau

born: 30.08.1968

Marital status: unknown

Member of the Supervisory Board:

Stefan Strauch

Am Waldgraben 4

D 63457 Hanau

Profession: Master painter

Member of the Supervisory Board:

Sandra Niedermeier

D 63579 Freigericht

Marital status: unknown

Member of the Supervisory Board:

Andrea Bläser

D 63796 Kahl

Marital status: unknown

Proxy

Dr. Aloys Eiling

D 95100 Selb