MIRA INFORM REPORT

Report Date :

30.11.2012

IDENTIFICATION DETAILS

Name :	K & L RUPPERT STIFTUNG & CO. HANDELS-KG

Registered Office :	Paradeisstr. 67, D 82362 Weilheim

Country :	Germany

Date of Incorporation :	01.01.1963

Legal Form :	Limited partnership with a foundation as general partner

Line of Business :	Retail sale of clothing

No. of Employees :	2,600

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

(31.03.2011)

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

K & L RUPPERT STIFTUNG & CO. HANDELS-KG

Company Status: active

Paradeisstr. 67

D 82362 Weilheim

Telephone:0881/1800

Telefax: 0881/180230

Homepage: www.kl-ruppert.de

E-mail: info@kl-ruppert.de

VAT no.: DE811293532

Tax ID number: 168/165/52005

CONCLUSION

Business relations are permissible. The company is considered solvent for credits within its scope of business.

LEGAL FORM Limited partnership with a foundation as general partner

Date of foundation: 01.01.1963

Registered on: 17.12.1999

companies: Local court 80797 München

under: HRA 75385

Total cap. contribution: EUR 1,525,000.00

General partner:

Gebr. Ruppert Familienstiftung

Königstr. 3

D 70173 Stuttgart

Legal form: Private law foundation

Member of the Board of Directors:

Susanne Ruppert

Steinberg 2

D 82407 Wielenbach

born: 21.08.1965

Member of the Board of Directors:

Dr. Rolf Stein

Paradeisstr. 67

D 82362 Weilheim

born: 09.02.1952

Profession: Fully qualified merchant

Limited partner:

K + L Ruppert Zentralverwaltung Stiftung &

Co. KG

Paradeisstr. 67

D 82362 Weilheim

Legal form: Limited partnership with a

foundation as general partner

Total cap. EUR 12,800,000.00

contribution:

Share: EUR 1,525,000.00

Registered on: 18.01.1996

Reg. data: 80797 München, HRA 70678

COMPANY HISTORY

01.01.1963 - 17.12.1999 K & L Ruppert GmbH (AG München, HRB

59478)

Paradeisstr. 67

D 82362 Weilheim

Private limited company

17.12.1999 - 04.09.2001 K & L Ruppert GmbH & Co. KG

Paradeisstr. 67

D 82362 Weilheim

Ltd partnership with priv. ltd. company

as general partner

05.09.2001 - 14.01.2002 K & L Ruppert Stiftung & Co. KG

Paradeisstr. 67

D 82362 Weilheim

Ltd partnership with priv. ltd. company

as general partner

BUSINESS ACTIVITIES

Sectors

47710 Retail sale of clothing

BRANCHES AND FACTORIES

Branch: