MIRA INFORM REPORT

Report Date :

01.04.2014

IDENTIFICATION DETAILS

Name :	NKD SERVICES GMBH

Registered Office :	Bühlstr. 5-7, D 95463 Bindlach

Country :	Germany

Date of Incorporation :	06.06.2013

Com. Reg. No.:	HRB 5758

Legal Form :	Private Limited Company

Line of Business :	· Service activities incidental to transportation · Other business support service activities

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
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 – September 30, 2013

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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

NKD SERVICES GMBH

Company Status: active

Bühlstr. 5-7

D 95463 Bindlach

Telephone:09208/699-0

Telefax: 09208/699-209

Homepage: www.nkd.com

E-mail: service@nkd.de

Company summary

LEGAL FORM Private limited company

Date of foundation: 06.06.2013

Shareholders'

agreement: 06.06.2013

Registered on: 13.06.2013

Commercial Register: Local court 95444 Bayreuth

under: HRB 5758

Share capital: EUR 25,100.00

Shareholder:

NKD Holdings GmbH

Bühlstr. 5-7

D 95463 Bindlach

Legal form: Private limited company

Share capital: EUR 25,000.00

Share: EUR 25,100.00

Registered on: 17.02.2014

Reg. data: 95444 Bayreuth, HRB 5902

Manager:

Marcus Joachim Brüning

Reitmorstr. 30

D 80538 München

having sole power of representation

born: 09.03.1965

Manager:

Bernhard Beck

D 95497 Goldkronach