MIRA INFORM REPORT

Report Date :

30.12.2014

IDENTIFICATION DETAILS

Name :	MAN DIESEL & TURBO SE

Registered Office :	Stadtbachstr. 1, D 86153 Augsburg, Post Box: 10 00 80

Country :	Germany

Financials (as on) :	31.12.2013

Date of Incorporation :	01.03.1989

Legal Form :	European Company

Line of Business :	· Manufacture of electric motors, generators and transformators · Manufacture of engines and turbines (except aircraft, vehicle and cycle engines) · Manufacture of other general-purpose machinery · Agents involved in the sale of machines (except agricultural machineryand office machinery) and industrial supplies

No. of Employee :	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 :	Slow but correct
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, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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 & address

MAN DIESEL & TURBO SE

Company Status: active

Stadtbachstr. 1

D 86153 Augsburg

Post Box:

10 00 80

Telephone:0821/322-0

Telefax: 0821/322-3382

Homepage: www.mandieselturbo.de

E-mail: info-de@mandieselturbo.com

VAT no.: DE811136900

CONCLUSION

Business relations are permissible.

LEGAL FORM European Company (SE)

Date of foundation: 01.03.1989

Registered on: 28.08.2006

Commercial Register: Local court 86150 Augsburg

under: HRB 22056

Share capital: EUR 100,000,000.00

Shareholder:

MAN SE

Ungererstr. 69

D 80805 München

Post Box:

20 13 63, D 80013 München

Legal form: European Company (SE)

Share capital: EUR 376,422,400.00

Share: 100.000 %

Registered on: 19.05.2009

Reg. data: 80333 München, HRB 179426

Control and profit transfer agreement

Member of the Board of Directors:

Dr.-Ing. Hans-Otto Jeske

D 46485 Wesel

authorized to jointly represent the company

born: 20.06.1949

Marital status: unknown

Member of the Board of Directors:

Wilfried von Rath

D 80331 München

authorized to jointly represent the company

born: 10.04.1964

Member of the Board of Directors:

Dr. Uwe Lauber

D 79725 Laufenburg

authorized to jointly represent the company

born: 06.03.1967

Member of the Board of Directors:

Dr. Peter Park

D 82049 Pullach

authorized to jointly represent the company

born: 11.01.1965

Member of the Board of Directors:

Arnd Löttgen

D 83371 Stein a.d.Traun

authorized to jointly represent the company

born: 27.03.1955

Member of the Board of Directors:

Frank Burnautzki

D 38479 Tappenbeck

authorized to jointly represent the company

born: 10.03.1959

President of the Supervisory Board:

Dr. Georg Pachta-Reyhofen

D 82343 Pöcking

born: 28.06.1955 in München

Profession: Engineer

Nationality: Austrian

Vice-president of the Supervisory Board:

Michael Leppek

D 80339 München

Marital status: unknown