MIRA INFORM REPORT

Report Date :

15.10.2013

IDENTIFICATION DETAILS

Name :	BÜHLER GMBH

Registered Office :	Ernst-Amme-Str. 19, D 38114 Braunschweig, Post Box: 33 69, D 38023 Braunschweig

Country :	Germany

Financials (as on) :	31.12.2012

Date of Incorporation :	10.12.1948

Com. Reg. No.:	HRB 797

Legal Form :	Private limited company

Line of Business :	Manufacture of machinery for food, beverage and tobacco processing

No. of Employees :	670

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
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 – March 31^st, 2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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 budget. 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 & ADDRESS

BÜHLER GMBH

Company Status: active

Ernst-Amme-Str. 19

D 38114 Braunschweig

Post Box:

33 69, D 38023 Braunschweig

Telephone:0531/594-0

Telefax: 0531/594-2254

Homepage: www.buhlergroup.com

E-mail: buhler.braunschweig@buhlergroup.com

VAT no.

DE114878673

Tax ID number

14/201/00014

REGISTRATION DATA

LEGAL FORM Private limited company

Date of foundation: 10.12.1948

Shareholders'

agreement: 10.12.1948

Registered on: 29.06.1973

Commercial Register: Local court 38100 Braunschweig

under: HRB 797

Share capital

EUR 12,628,909.47

Shareholder

Bühler AG CH-320.03.005.457-9

Gupfenstr. 5

CH 9240 Uzwil

Legal form: Other legal form

Share: EUR 11,984,835.09

Shareholder:

Bühler Holding AG

CH Uzwil

Legal form: Other legal form

Share: EUR 644,074.38

Manager:

Stephan Lange

Rittergutsweg 4

D 38239 Salzgitter

born: 06.08.1961

Profession: Fully qualified economic

engineer

President of the Supervisory Board:

Dipl. Ing. ETH Calvin Grieder

CH Stein am Rhein

born: 17.05.1955

Nationality: Swiss

Vice-president of the Supervisory Board:

Hansjörg Ill

Stein 3

CH 9043 Trogen

Nationality: Swiss

Marital status: unknown

Representative of the Employees within the Supervisory Board:

Olaf-Michael Seeliger

Alter Stadtweg 5

D 38533 Vordorf

Profession: Technical employee

Proxy:

Friedhelm Weber

Sonnenberger Ring 10 a

D 38159 Vechelde