MIRA INFORM REPORT

Report Date :

12.11.2014

IDENTIFICATION DETAILS

Name :	BRÜCKNER TEXTILE TECHNOLOGIES GMBH & CO. KG
Registered Office :	Benzstr. 10, D 71229 Leonberg, Post Box: 11 54, D 71229 Leonberg
Country :	Germany
Date of Incorporation :	08.12.2005
Legal Form :	Ltd partnership with priv. ltd. company as general partner
Line of Business :	Manufacture of machinery for textile, apparel and leather production Wholesale of machinery for the textile industry and of sewing and knitting machines
No of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
Germany	A1	A1

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

BRÜCKNER TEXTILE TECHNOLOGIES GMBH & CO. KG

Company Status: active

Benzstr. 10

D 71229 Leonberg

Post Box:

11 54, D 71229 Leonberg

Telephone: 07152/12-0

Telefax: 07152/12-9254-9315

Homepage: www.brueckner-tm.de

E-mail: mail@brueckner-tm.de

VAT no.: DE814584353

Tax ID number: 70049/08537

CONCLUSION

Business relations are permissible.

Company summary

Legal Form Ltd partnership with priv. ltd. company as general partner

Registered on: 08.12.2005

Register of

companies: Local court 70190 Stuttgart

under: HRA 254481

Total cap. contribution: EUR 2,000,000.00

Limited partner

Brückner Trockentechnik GmbH & Co. KG

Benzstr. 8-10

D 71229 Leonberg

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap. EUR 5,112,918.81

contribution:

Share: EUR 2,000,000.00

Registered on: 18.11.1958

Reg. data: 70190 Stuttgart, HRA 253375

General partner

Brückner Textile Technolgies

Geschäftsführungs GmbH

Benzstr. 10

D 71229 Leonberg

Legal form: Private limited company

Share capital: EUR 25,000.00

Registered on: 08.12.2005

Reg. data: 70190 Stuttgart, HRB 253341

Shareholder

Brückner Trockentechnik GmbH & Co. KG

Benzstr. 8-10

D 71229 Leonberg

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap. EUR 5,112,918.81

contribution:

Share: EUR 25,000.00

Registered on: 18.11.1958

Reg. data: 70190 Stuttgart, HRA 253375

Manager

Regina Brückner

D 71229 Leonberg

having sole power of representation

born: 11.03.1969

Manager:

Axel Pieper

D 71229 Leonberg

having sole power of representation

born: 11.12.1967

Profession: Businessman

Manager:

Rüdiger Gieske

D 72135 Dettenhausen

authorized to jointly represent the company

born: 05.11.1960

Proxy

Dusko Popovic

Ludwigstr. 36

D 70794 Filderstadt

authorized to jointly represent the company

born: 30.06.1968

Proxy:

Gerd Kolmer

D 89155 Erbach

having sole power of representation

born: 20.08.1958

Proxy:

Stefan Müller

D 90571 Schwaig

authorized to jointly represent the company

born: 13.04.1968

Proxy:

Andreas Grausdies

D 70839 Gerlingen

authorized to jointly represent the company

born: 22.08.1963

Proxy:

Tim Birkenmaier

D 75446 Wiernsheim

authorized to jointly represent the company

born: 01.06.1979

Proxy:

Mathias Strecker

D 74632 Neuenstein

authorized to jointly represent the company

born: 19.01.1970

Proxy:

Josef Feiertag

D 79689 Maulburg

authorized to jointly represent the company

born: 29.06.1966

Proxy:

Rainer Hertler

D 73760 Ostfildern

authorized to jointly represent the company

born: 26.01.1967

Proxy:

Matthias Berndt

D 74211 Leingarten

authorized to jointly represent the company

born: 13.04.1963

Proxy:

Wolfgang Ruckh

D 71229 Leonberg

authorized to jointly represent the company

born: 19.02.1961

BUSINESS ACTIVITIES

Main industrial sector

28940 Manufacture of machinery for textile, apparel and leather

production

Secondary industrial sector

46640 Wholesale of machinery for the textile industry and of

sewing and knitting machines

BRANCHES AND FACTORIES

Branch:

Brückner Textile Technologies GmbH & Co. KG

Laufener Str. 2

D 84529 Tittmoning

TEL.: 08683/709-0

FAX.: 08683/709-90

Payment experience: Unknown

Negative information: We have no negative information at hand.

REAL ESTATE

Type of ownership: Tenant

Address Benzstr. 10

D 71229 Leonberg

Real Estate of: Brückner Textile Technolgies

Geschäftsführungs GmbH

Type of ownership: Tenant

Address Benzstr. 10

D 71229 Leonberg

Land register documents were not available.

BANKERS

DEUTSCHE BANK, 70049 STUTTGART

Sort. code: 60070070, Account no.: 1630607

BIC: DEUTDESSXXX, IBAN: DE97600700700163060700

UNICREDIT BANK - HYPOVEREINSBANK, 70003 STUTTGART

Sort. code: 60020290, Account no.: 322642814

BIC: HYVEDEMM473, IBAN: DE44600202900322642814

LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144

STUTTGART

Sort. code: 60050101, Account no.: 8966311

BIC: SOLADEST600, IBAN: DE29600501010008966311

FINANCIAL FIGURES

Financial year: 01.01. - 31.12.

The number of employees is not known.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.55
UK Pound	1	Rs.97.53
Euro	1	Rs.76.48

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	SMN

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
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
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.