MIRA INFORM REPORT

Report Date :

24.04.2013

IDENTIFICATION DETAILS

Name :	Allweiler Gmbh

Registered Office :	Allweilerstr. 1, D 78315 Radolfzell, Post Box: 11 40, D 78301 Radolfzell

Country :	Germany

Financials (as on) :	31.12.2011

Year of Establishment :	1860

Com. Reg. No.:	HRB 707701

Legal Form :	Private Limited Company

Line of Business :	Manufacture of Pumps and Compressors N.E.C.

No. of Employees :	907

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 6.5% in 2012. GDP contracted 5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a reflection of low investment spending due to crisis-induced uncertainty and the decreased demand for German exports from recession-stricken periphery countries. 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. In 2012 Germany reached a budget surplus of 0.1%. 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. By 2014, the federal government wants to balance its butget. 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 electricity generating capacity and 46% of its base-load electricity production.

Source : CIA

Company name and address

Allweiler GmbH

Company Status: active

Allweilerstr. 1

D 78315 Radolfzell

Post Box:

11 40, D 78301 Radolfzell

Telephone:07732/860

Telefax: 07732/86436

Homepage: www.allweiler.de

E-mail: service@allweiler.de

VAT no.

DE142767191

CONCLUSION

Business relations are permissible. The company is considered

solvent for credits within its scope of business.

Registartion data

LEGAL FORM Private limited company

Date of foundation: 1860

Shareholders'

agreement: 29.11.2011

Registered on: 06.12.2011

Commercial Register: Local court 79098 Freiburg

under: HRB 707701

Share capital

EUR 6,240,000.00

Shareholder

Allweiler Group GmbH

Allweilerstr. 1

D 78315 Radolfzell

Legal form: Private limited company

Share capital: EUR 25,564.59

Share: EUR 6,240,000.00

Registered on: 23.04.1999

Reg. data: 79098 Freiburg, HRB 550578

Manager:

Dr. Klaus Beulker

D 88697 Bermatingen

having sole power of representation

born: 07.03.1966

President of the Supervisory Board:

Clay Kiefaber

USA Ann Arbor Michingan

born: 11.09.1955

Nationality: USA

Vice-president of the Supervisory Board:

Dr. Wolfgang Bosch

Blauwiesenweg 25

D 60439 Frankfurt

Member of the Supervisory Board:

Charles Scott Brannan

USA Highland

born: 17.07.1958

Nationality: USA

Member of the Supervisory Board:

William Roller

USA Fulton

Nationality: USA

Marital status: unknown

Representative of the Employees within the Supervisory Board:

Wolfgang Barz

D 78224 Singen

Representative of the Employees within the Supervisory Board:

Stefan Gajer

D 78315 Radolfzell

Profession: Fully qualified engineer

Proxy:

Veronika Krasinsky

D 78315 Radolfzell