MIRA INFORM REPORT

Report Date :

30.12.2014

IDENTIFICATION DETAILS

Name :	TEREX MHPS GMBH

Registered Office :	Forststr. 16, D 40597 Düsseldorf, Post Box: 18 03 43, D 40570 Düsseldorf

Country :	Germany

Financials (as on) :	31.12.2013

Date of Incorporation :	08.08.2002

Com. Reg. No.:	HRB 72305

Legal Form :	Private Limited Company

Line of Business :	Activities of Head Offices (Note: We tried to confirm obtain the details activity but the same is not available from any source.)

No. of Employees :	226

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 :	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

Note

Your inquiry: TEREX MHPS GMBH TEREX MATERIAL HANDLING, Ruhrstr. 28, D 58300 Wetter

The subject of your inquiry is a branch. We are reporting on the headquarters.

Comapny Name and Address

TEREX MHPS GMBH

Company Status: active

Forststr. 16

D 40597 Düsseldorf

Post Box:

18 03 43, D 40570 Düsseldorf

Telephone: 0211/7102-0

Telefax: 0211/7102-3130

Homepage: www.demagcranes-ag.de

E-mail: mhps-presse@terex.com

Trade name

DEMAG

VAT no.

DE814661567

Tax ID number

106/5770/2196

CONCLUSION

Business relations are permissible.

Comapny summary

LEGAL FORM Private limited company

Date of foundation: 08.08.2002

Shareholders'

agreement: 08.08.2002

Registered on: 01.04.2014

Commercial Register: Local court 40227 Düsseldorf

under: HRB 72305

Share capital

EUR 21,172,993.00

Shareholder

Terex Deutschland GmbH

Industriestr. 3

D 76669 Bad Schönborn

Legal form: Private limited company

Share capital: EUR 5,001,000.00

Share: EUR 21,172,993.00

Registered on: 16.04.1985

Reg. data: 68159 Mannheim, HRB 230838

Manager:

Klaus Peter Hoffmann

D 58239 Schwerte