MIRA INFORM REPORT

Report No. :	305437
Report Date :	28.01.2015

IDENTIFICATION DETAILS

Name :	THYSSENKRUPP ROTHE ERDE GMBH
Registered Office :	Tremoniastr. 5-11 D 44137 Dortmund
Country :	Germany
Date of Incorporation :	1934
Com. Reg. No.:	HRB 10591
Legal Form :	Private Limited Company
Line of Business :	· Manufacture of bearings, gears, gearing and driving · Wholesale of iron ores, iron, steel and iron and steel
No. of Employee :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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 and address

THYSSENKRUPP ROTHE ERDE GMBH

Company Status: active

Tremoniastr. 5-11

D 44137 Dortmund

Telephone:0231/186-0

Telefax: 0231/1862500

Homepage: www.thyssenkrupp-rotheerde.com

E-mail: rotheerde@thyssenkrupp.com

VAT no.: DE811460194

Summary

LEGAL FORM Private limited company

Date of foundation: 1934

Shareholders'

agreement: 22.02.1993

Registered on: 04.03.1993

Commercial Register: Local court 44135 Dortmund

under: HRB 10591

Share capital

EUR 12,790,000.00

Shareholder:

ThyssenKrupp Technologies Beteiligungen GmbH

ThyssenKrupp Allee 1

D 45143 Essen

Legal form: Private limited company

Share capital: EUR 130,005,000.00

Share: EUR 10,232,000.00

Registered on: 29.10.2009

Reg. data: 45130 Essen, HRB 21754

Control and profit transfer agreement

Shareholder:

Thyssen Stahl GmbH

ThyssenKrupp Allee 1

D 45143 Essen

Legal form: Private limited company

Share capital: EUR 935,146,600.00

Share: EUR 2,558,000.00

Registered on: 25.03.2004

Reg. data: 40227 Düsseldorf, HRB 49578

Manager:

Dr.rer.pol. Arno Schuppert

Wortbergrode 18

D 45149 Essen

born: 22.04.1957

Profession: Businessman

Marital status: married

Manager:

Winfried Schulte

D 59348 Lüdinghausen

born: 08.04.1964

Profession: Fully qualified merchant

President of the Supervisory Board:

Dr. Karsten Kroos

Am Thyssenhaus 1

D 45128 Essen

born: 28.09.1969

Profession: Engineer

Vice-president of the Supervisory Board:

Hans-Peter Breker

D 44787 Bochum

born: 15.07.1947

Profession: Fully qualified Economist

Marital status: married

Member of the Supervisory Board:

Carsten Heinrich Hermann Evers

Sunderberg 6

D 21218 Seevetal

born: 15.03.1964

Member of the Supervisory Board:

Christian Julius

Tremoniastr. 5-11

D 44137 Dortmund

Member of the Supervisory Board:

Oliver Burkhard

D 64859 Eppertshausen

born: 15.01.1972

Member of the Supervisory Board:

Stefan Schneider

D 44137 Dortmund

Marital status: unknown

Proxy:

Achim Winterhalder

Lünerner Dorfstr. 25

D 59427 Unna

authorized to jointly represent the company

born: 21.09.1957

Proxy:

Wolfgang Claus

D 59510 Lippetal

born: 20.11.1957

Proxy:

Oliver Friedrich

D 50933 Köln

authorized to jointly represent the company

born: 19.04.1967

Proxy:

Christoph Liefländer

D 59494 Soest

authorized to jointly represent the company

born: 08.05.1963

Proxy:

Henning Viebahn

D 45127 Essen

Proxy:

Peter Küpper

D 44143 Dortmund

authorized to jointly represent the company

born: 27.02.1967

Proxy:

Ulrich Römer

D 42549 Velbert

authorized to jointly represent the company

born: 18.11.1965

Proxy:

Norbert Steinau

D 44137 Dortmund

authorized to jointly represent the company

born: 06.10.1960

Proxy:

Hans-Joachim Weber

D 44532 Lünen

authorized to jointly represent the company

born: 13.03.1953

Proxy:

Siegfried Stankewitz

D 44137 Dortmund

authorized to jointly represent the company

born: 12.01.1952

Proxy:

Dr.-Ing. Wilfried Spintig

D 59555 Lippstadt

authorized to jointly represent the company

born: 19.12.1963

COMPANY HISTORY

1934 - 25.03.1970 Eisenwerk Rothe Erde GmbH

D 44145 Dortmund

Private limited company

25.03.1970 - 03.03.1993 Hoesch Rothe Erde-Schmiedag

Aktiengesellschaft

Tremoniastr. 5-11

D 44137 Dortmund

Public limited company

04.03.1993 - 04.07.1993 KAHADO Maschinenbau GmbH

Eberhardstr. 12

D 44145 Dortmund

Private limited company

05.07.1993 - 13.12.1996 Hoesch Rothe Erde GmbH

Tremoniastr. 5-11

D 44137 Dortmund

Private limited company

14.12.1996 - 12.12.2012 Rothe Erde GmbH

Tremoniastr. 5-11

D 44137 Dortmund

Private limited company

RESIGNED ACTING PERSONS AND SHAREHOLDERS

03.02.1997 - 12.07.2013 Manager

Dr. Johannes Wozniak

D 59555 Lippstadt

30.03.2010 - 10.04.2013 Member of the Supervisory Board

Helmut Sailer

D 44137 Dortmund

26.03.2010 - 10.04.2013 Member of the Supervisory Board

Ercan Keles

D 45128 Essen

25.03.2010 - 10.04.2013 Member of the Supervisory Board

Ralph Labonte

E Madrid

BUSINESS ACTIVITIES

Main industrial sector

2815 Manufacture of bearings, gears, gearing and driving

elements

46721 Wholesale of iron ores, iron, steel and iron and steel

semi-finished goods

BRANCHES AND FACTORIES

Works:

ThyssenKrupp Rothe Erde GmbH Geschäftsstelle

Nord

Mühlenfeld 18

D 30853 Langenhagen

TEL.: 0511/72535690

Works:

ThyssenKrupp Rothe Erde GmbH Geschäftsstelle

Süd

Am Ostkai 15

D 70327 Stuttgart

TEL.: 0711/32779190

Branch:

ThyssenKrupp Rothe Erde GmbH

Beckumer Str. 87

D 59555 Lippstadt

TEL.: 02941/7410

FAX.: 02941/7413320

Branch:

ThyssenKrupp Rothe Erde GmbH

Heegermühler Str. 64

D 16225 Eberswalde

TEL.: 03334/206400

FAX.: 03334/206490

FINANCIAL INFORMATION

Payment experience: cash discount/within agreed terms

Negative information:We have no negative information at hand.

REAL ESTATE

Type of ownership: proprietor

Share: 100.00 %

Address Tremoniastr. 5-11

D 44137 Dortmund

Land register documents were not available.

BANKERS

Principal bank

COMMERZBANK VORMALS DRESDNER BANK, 44047 DORTMUND

Sort. code: 44080050, Account no.: 107091500

BIC: DRESDEFF440, IBAN: DE80440800500107091500

Further bank

DEUTSCHE BANK, 44126 DORTMUND

Sort. code: 44070050, Account no.: 134913300

BIC: DEUTDEDE440, IBAN: DE20440700500134913300

FINANCIAL FIGURES

Share capital: EUR 12,790,000.00

The number of employees is not known.

Control and profit transfer agreement to:

ThyssenKrupp Technologies Beteiligungen GmbH

ThyssenKrupp Allee 1

D 45143 Essen

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.46
UK Pound	1	Rs.92.77
Euro	1	Rs.69.03

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	ANK

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.