MIRA INFORM REPORT

 

 

Report No. :

346229

Report Date :

20.10.2015

 

IDENTIFICATION DETAILS

 

Name :

LINDE AKTIENGESELLSCHAFT

 

 

Registered Office :

Klosterhofstr. 1 D 80331 München

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

21.07.1879

 

 

Legal Form :

Public limited company

 

 

Line of Business :

·         Manufacture of refined petroleum products

·         Manufacture of other chemical products n.e.c.

·         Manufacture of metal structures and parts of structures

·         Manufacture of other general-purpose machinery

 

 

No. of Employees :

6,010

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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, 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 5.2% in 2014. The new German government introduced a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in balance in 2014. 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. The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros 2016-18, largely in infrastructure, is intended to spur needed private investment. 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 plans to replace nuclear power with renewable energy, which accounted for 27.8% of gross electricity consumption in 2014, up from 9% in 2000. 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. Extremely low inflation, caused largely by low global energy prices and a weak euro, are expected to boost German GDP growth in 2015.

 

Source : CIA

 

Company name and address

 

Linde Aktiengesellschaft

 

Klosterhofstr. 1

D 80331 München

Telephone:089/35757-01

Telefax:  089/35757-1075

Homepage: www.linde.com

E-mail:   info@linde.com

 

 

Company Status    

 

Active

                     

 

VAT no.         

 

DE113822613

 

 

Tax ID number    

 

143/103/91000

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Summery

 

 LEGAL FORM              Public limited company

 Date of foundation:      21.07.1879

 Registered on:             12.09.2007

 Commercial Register:   Local court 80333 München

 under:                          HRB 169850

 

 Share capital:                          EUR        475,476,940.80

 

                      The company is listed on the stock market.

 

 Shareholder:

                      UBS AG

                      CH  Zürich

                      Legal form: Other legal form

                      Share:                               2.650 %

 Shareholder:

                      The Capital Group Companies Inc.

                      USA  Los Angeles

                      Legal form: Other legal form

                      Share:                               2.990 %

 Shareholder:

                      Credit Suisse Group AG

                      Paradeplatz 8

                      CH 8001 Zürich

                      Legal form: Other legal form

                      Share:                               2.770 %

 Shareholder:

                      Norges Bank

                      N  Oslo

                      Legal form: Other legal form

                      Share:                               3.490 %

 Shareholder:

                      BlackRock, Inc.

                      40 East 52nd Street

                      USA 10022 New York

                      Legal form: Other legal form

                      Share:                               5.010 %

 President of the Board of Directors:

                      Dr. Wolfgang Büchele

                      D 80331 München

                      authorized to jointly represent the company

                      born: 11.08.1959 in Geislingen

                      Profession: Fully qualified chemist

                      Marital status: unknown

 Member of the Board of Directors:

                      Thomas Blades

                      D 47533 Kleve

                      authorized to jointly represent the company

                      born: 17.09.1956 in Hamburg

                      Profession: graduate engineer

 Member of the Board of Directors:

                      Georg Denoke

                      D 80331 München

                      authorized to jointly represent the company

                      born: 03.02.1965 in Northeim

                      Marital status: unknown

 Member of the Board of Directors:

                      Bernd Eulitz

                      D 80331 München

                      authorized to jointly represent the company

                      born: 22.10.1965 in Mannheim

                      Profession: graduate engineer

 Member of the Board of Directors:

                      Dr. Christian Bruch

                      D 82515 Wolfratshausen

                      authorized to jointly represent the company

                      born: 07.04.1970 in Düsseldorf

                      Profession: graduate engineer

 Member of the Board of Directors:

                      Sanjiv Lamba

                      SGP  Singapur

                      authorized to jointly represent the company

                      born: 12.09.1964 in Kalkutta/Indien

                      Profession: Auditor

                      Nationality: Indian

 President of the Supervisory Board:

                      Dr.rer.pol. Manfred Schneider

                      Kaiser-Wilhelm-Allee 12

                      D 51373 Leverkusen

                      born: 21.12.1938 in Bremerhaven

                      Profession: Fully qualified merchant

 Vice-president of the Supervisory Board:

                      Hans-Dieter Katte

                      D 80331 München

                      born: in München

 Vice-president of the Supervisory Board:

                      Michael Diekmann

                      D 80333 München

                      born: 23.12.1954 in Bielefeld

 Shareholder representative within the Supervisory Board:

                      Klaus-Peter Müller

                      D 61348 Bad Homburg

                      born: 16.09.1944 in Duppach

                      Profession: Bank Clerk

 Shareholder representative within the Supervisory Board:

                      Prof. Dr. rer. pol. Clemens Börsig

                      D 60311 Frankfurt

                      born: 27.07.1948 in Achern/ Baden

                      Profession: Mathematician

 Shareholder representative within the Supervisory Board:

                      Prof.Dr.oec.Dr.jur. Ann-Kristin Achleitner

                      D 81925 München

                      born: 16.03.1966 in Düsseldorf

                      née: Koberg

 Shareholder representative within the Supervisory Board:

                      Franz Fehrenbach

                      Gustav-Siegle-Str. 68

                      D 70193 Stuttgart

                      born: 01.07.1949 in Kenzingen

                      Profession: Fully qualified economic

                      engineer

 Representative of the Employees within the Supervisory Board:

                      Gernot Hahl

                      D 67547 Worms

                      born: in Worms

                      Profession: Engine fitter

 Representative of the Employees within the Supervisory Board:

                      Anke Couturier

                      D 61440 Oberursel

                      born: 03.11.1956 in Hanau am Main

                      Profession: Fully qualified mathematician

 Representative of the Employees within the Supervisory Board:

                      Dr. jur. Martin Kimmich

                      D 81539 München

 Representative of the Employees within the Supervisory Board:

                      Frank Sonntag

                      Georg-Palitzsch-Str. 15

                      D 01239 Dresden

                      born: in Dresden

 Representative of the Employees within the Supervisory Board:

                      Xaver Schmidt

                      D 30159 Hannover

                      born: in Gelsenkirchen

                      Profession: mining technician

 Proxy:

                      Claudia Esche

                      D 82049 Pullach

                      authorized to jointly represent the company

                      born: 24.10.1960

                      Profession: Businessman

 Proxy:

                      Johannes Geis

                      D 85737 Ismaning

                      authorized to jointly represent the company

                      born: 12.10.1962

 Proxy:

                      Werner Boekels

                      D 80331 München

                      authorized to jointly represent the company

                      born: 28.03.1957

                      Profession: Fully qualified management

                      expert

 Proxy:

                      Luise Berghaus

                      D 80331 München

                      authorized to jointly represent the company

                      born: 08.11.1951

 Proxy:

                      Alexander Kaiser

                      Stiftsbogen 91

                      D 81375 München

                      authorized to jointly represent the company

                      born: 27.04.1966

 Proxy:

                      Christoph Clausen

                      D 82064 Straßlach-Dingharting

                      authorized to jointly represent the company

                      born: 13.02.1961

 Proxy:

                      Michael Ullrich

                      Flurstr. 10

                      D 82166 Gräfelfing

                      authorized to jointly represent the company

                      born: 03.10.1969

 Proxy:

                      Dr. Frank Kunde

                      Feldstr. 3

                      D 82515 Wolfratshausen

                      authorized to jointly represent the company

                      born: 28.07.1955

 Proxy:

                      Lutz Leopold

                      D 82237 Wörthsee

                      authorized to jointly represent the company

                      born: 18.06.1964

 Proxy:

                      Dr. Christian Köster

                      Pilsenseestr. 11

                      D 82229 Seefeld

                      authorized to jointly represent the company

                      born: 16.03.1962

 Proxy:

                      Anke Couturier

                      D 61440 Oberursel

                      authorized to jointly represent the company

                      born: 03.11.1956 in Hanau am Main

                      Profession: Fully qualified mathematician

 Proxy:

                      Dr. Hans-Hermann Kremer

                      D 82031 Grünwald

                      authorized to jointly represent the company

                      born: 08.06.1950

 Proxy:

                      Dr. Rainer Schlicher

                      D 83362 Surberg

                      authorized to jointly represent the company

                      born: 27.09.1954

 Proxy:

                      Björn Schneider

                      D 82049 Pullach

                      authorized to jointly represent the company

                      born: 21.06.1971

 Proxy:

                      Johann Pfitzmaier

                      D 86672 Thierhaupten

                      authorized to jointly represent the company

                      born: 09.06.1959

 Proxy:

                      Jürgen Nowicki

                      D 82335 Berg

                      authorized to jointly represent the company

                      born: 04.01.1964

 Proxy:

                      Marcus Lang

                      Drachenseestr. 20a

                      D 81373 München

                      authorized to jointly represent the company

                      born: 18.12.1967

 Proxy:

                      Matthias von Plotho

                      D 82024 Taufkirchen

                      authorized to jointly represent the company

                      born: 09.06.1969

 Proxy:

                      Olaf Reckenhofer

                      D 82049 Pullach

                      authorized to jointly represent the company

                      born: 25.10.1956

                      Nationality: Austrian

 Proxy:

                      Tilmann Weide

                      D 82515 Wolfratshausen

                      authorized to jointly represent the company

                      born: 16.05.1963

 Proxy:

                      Peter Haider

                      D 85609 Aschheim

                      authorized to jointly represent the company

                      born: 09.05.1951

 Proxy:

                      Natascha Kaldun

                      D 42551 Velbert

                      authorized to jointly represent the company

                      born: 29.12.1973

                      Profession: Businessman

 Proxy:

                      Franz-Peter Fillbach

                      D 85521 Riemerling

                      authorized to jointly represent the company

                      born: 22.03.1964

                      Profession: Businessman

 Proxy:

                      Jörg-Michael Willke

                      D 85253 Erdweg

                      authorized to jointly represent the company

                      born: 22.08.1952

 Proxy:

                      Hubert Hauber

                      D 81241 München

                      authorized to jointly represent the company

                      born: 21.01.1950

 Proxy:

                      Christoph Wöhler

                      D 82049 Pullach

                      authorized to jointly represent the company

                      born: 20.07.1967

 Proxy:

                      Dr. Thomas Grüner

                      D 82131 Gauting

                      authorized to jointly represent the company

                      born: 02.01.1961

 Proxy:

                      Dirk Diefenbach

                      D 65185 Wiesbaden

                      authorized to jointly represent the company

                      born: 11.07.1970

 Proxy:

                      Dr. Henning Asche

                      D 85662 Hohenbrunn

                      authorized to jointly represent the company

                      born: 20.05.1969

 Proxy:

                      Jens Lühring

                      D 80687 München

                      authorized to jointly represent the company

                      born: 15.05.1973

 Proxy:

                      Philip David Graham

                      GB  Rushmoor Surrey GU10 2 ER

                      authorized to jointly represent the company

                      born: 29.09.1958

                      Nationality: British

 Proxy:

                      Matthias Brinkschmidt

                      D 80687 München

                      authorized to jointly represent the company

                      born: 27.01.1966

 Proxy:

                      Michael Schäffer

                      Waldeckstr. 16

                      D 82031 Grünwald

                      authorized to jointly represent the company

                      born: 25.02.1967

 Proxy:

                      Nicolaas Ernst Rost

                      D 80331 München

                      authorized to jointly represent the company

                      born: 01.03.1966

                      Nationality: British

                      Marital status: unknown

 Proxy:

                      Ulrich Porwollik

                      Schillerstr. 15

                      D 21465 Reinbek

                      authorized to jointly represent the company

                      born: 08.07.1963

 Proxy:

                      Stefan Liese

                      D 82110 Germering

                      authorized to jointly represent the company

                      born: 12.02.1959

 Proxy:

                      Stefan Hess

                      Mitterhoferstr. 8

                      D 80687 München

                      authorized to jointly represent the company

                      born: 26.09.1961

 Proxy:

                      Crispin Teufel

                      Romanstr. 30

                      D 80639 München

                      authorized to jointly represent the company

                      born: 02.03.1976

 Proxy:

                      Dr. Christoph Hammerl

                      Edelweißstr. 152

                      D 82024 Taufkirchen

                      authorized to jointly represent the company

                      born: 07.08.1962

 Proxy:

                      Dr. Sebastian Muschelknautz

                      D 80807 München

                      authorized to jointly represent the company

                      born: 29.09.1957

 Proxy:

                      Daniel Geiger

                      D 80807 München

                      authorized to jointly represent the company

                      born: 11.08.1974

 Proxy:

                      Sandra Albrecht

                      D 80331 München

                      authorized to jointly represent the company

                      born: 02.01.1972

 Proxy:

                      Dr. Rolf Ing. Zeppenfeld

                      D 82515 Wolfratshausen

                      authorized to jointly represent the company

                      born: 25.12.1955

 Proxy:

                      Michael Grimbs

                      D 80807 München

                      authorized to jointly represent the company

                      born: 11.09.1967

 Proxy:

                      Dr. Andreas Opfermann

                      Alfonsstr. 9

                      D 80636 München

                      authorized to jointly represent the company

                      born: 01.06.1971

 Proxy:

                      Volker Häckh

                      Jägerweg 9

                      D 85658 Egmating

                      authorized to jointly represent the company

                      born: 24.02.1967

 Proxy:

                      Dr. Michael Henninger

                      D 80807 München

                      authorized to jointly represent the company

                      born: 04.07.1965

 Proxy:

                      Jens Waldeck

                      D 82057 Icking

                      authorized to jointly represent the company

                      born: 04.10.1963

 Proxy:

                      Rainer Kasseckert

                      D 82041 Oberhaching

                      authorized to jointly represent the company

                      born: 21.04.1955

 Proxy:

                      Reinhard Mertsch

                      D 82049 Pullach

                      authorized to jointly represent the company

                      born: 10.11.1952

 Proxy:

                      Dr. Sven Schneider

                      D 82131 Gauting

                      authorized to jointly represent the company

                      born: 21.03.1966

 Proxy:

                      Dr. Peter Wagner

                      D 82065 Baierbrunn

                      authorized to jointly represent the company

                      born: 10.03.1959

 Proxy:

                      Robert Tikovsky

                      D 80331 München

                      authorized to jointly represent the company

                      born: 09.10.1962

 Proxy:

                      Florian Bahnmüller

                      D 82544 Egling

                      authorized to jointly represent the company

                      born: 13.10.1971

 Proxy:

                      Jens Wilde

                      D 01277 Dresden

                      authorized to jointly represent the company

                      born: 08.04.1970

 Proxy:

                      Brit Neuburger

                      D 80331 München

                      authorized to jointly represent the company

                      born: 04.06.1973

 Proxy:

                      Solms Ubbo Wittig

                      D 82131 Gauting

                      authorized to jointly represent the company

                      born: 07.02.1964

 Proxy:

                      Werner Bairlein

                      D 01067 Dresden

                      authorized to jointly represent the company

                      born: 13.03.1955

 Proxy:

                      Hans-Joachim Gastel

                      D 82515 Wolfratshausen

                      authorized to jointly represent the company

                      born: 12.08.1957

 Proxy:

                      Dr. Wolfgang Nauth

                      D 82049 Pullach

                      authorized to jointly represent the company

                      born: 10.12.1950

 Proxy:

                      Marcus Mölkner

                      D 79362 Forchheim

                      authorized to jointly represent the company

                      born: 19.03.1968

 Proxy:

                      Herbert Schenke

                      D 85235 Pfaffenhofen

                      authorized to jointly represent the company

                      born: 18.07.1963

 Proxy:

                      Dr. Christian Wojczewski

                      D 80331 München

                      authorized to jointly represent the company

                      born: 17.07.1971

 Proxy:

                      Dr. Klaus Zinecker

                      D 82031 Grünwald

                      authorized to jointly represent the company

                      born: 14.02.1968

 Proxy:

                      Ralf Bellaire

                      D 85630 Grasbrunn

                      authorized to jointly represent the company

                      born: 15.07.1962

 Proxy:

                      Sandeep Sen

                      SGP  Singapore

                      authorized to jointly represent the company

                      born: 06.11.1966

                      Nationality: Singaporean

 Proxy:

                      Dr. Thore von Puttkamer

                      Perchastr. 1

                      D 82319 Starnberg

                      authorized to jointly represent the company

                      born: 25.09.1969

 Proxy:

                      Tim Husmann

                      D 80331 München

                      authorized to jointly represent the company

                      born: 24.01.1975

 Proxy:

                      Dr. Wolfgang Salzberger

                      D 85244 Röhrmoos

                      authorized to jointly represent the company

                      born: 15.12.1963

 Proxy:

                      Jörg Linsenmaier

                      D 01067 Dresden

                      authorized to jointly represent the company

                      born: 16.12.1962

 Proxy:

                      Cornelia Godzierz

                      D 80331 München

                      authorized to jointly represent the company

                      born: 22.09.1970

 Proxy:

                      Dr. Harald Voigts

                      D 80331 München

                      authorized to jointly represent the company

                      born: 12.03.1971

 Proxy:

                      Christian Fritzenwenger

                      D 80331 München

                      authorized to jointly represent the company

                      born: 23.03.1964

 Proxy:

                      Juan de la Cruz Beltrán

                      D 80331 München

                      authorized to jointly represent the company

                      born: 15.02.1968

 Proxy:

                      Dr. Ernst Haidegger

                      D 85521 Riemerling

                      authorized to jointly represent the company

                      born: 09.01.1956

 Proxy:

                      Matthias Bertsch

                      D 80331 München

                      authorized to jointly represent the company

                      born: 06.06.1963

 Proxy:

                      Karin Griggel

                      D 82065 Baierbrunn

                      authorized to jointly represent the company

                      born: 03.12.1979

 Proxy:

                      Dr. Dominik Heger

                      D 80331 München

                      authorized to jointly represent the company

                      born: 15.09.1975

 Proxy:

                      Dirk Richter

                      D 01067 Dresden

                      authorized to jointly represent the company

                      born: 25.09.1973

 Proxy:

                      Thomas Müller

                      D 85591 Vaterstetten

                      authorized to jointly represent the company

                      born: 28.07.1967

 Proxy:

                      John van der Velden

                      NL  GP Voorburg

                      authorized to jointly represent the company

                      born: 29.04.1973

                      Nationality: Dutch

 Proxy:

                      Dr. Mathias Nikolas Kranz

                      D 80331 München

                      authorized to jointly represent the company

                      born: 08.02.1975

 

 Further functions/participations of Dr. Wolfgang Büchele

 (President of the Board of Directors)

 Shareholder:

                      Büchele Zweite Verwaltungs-GmbH

                      Im Oberen Berg 30

                      D 67354 Römerberg

                      Legal form: Private limited company

                      Share capital:     EUR            500,000.00

                      Share:             EUR            250,000.00

                      Registered

                      on:         17.07.2007

                      Reg. data:  67061 Ludwigshafen, HRB 60780

 Shareholder:

                      Büchele Beteiligungs-GmbH

                      Im Oberen Berg 30

                      D 67354 Römerberg

                      Legal form: Private limited company

                      Share capital:     EUR            200,000.00

                      Share:             EUR            100,000.00

                      Registered

                      on:         19.08.2011

                      Reg. data:  67061 Ludwigshafen, HRB 62692

 Shareholder:

                      Erich Büchele - Bauunternehmung GmbH

                      Birkenweg 8

                      D 73312 Geislingen

                      Legal form: Private limited company

                      Share capital:     EUR             25,800.00

                      Share:             EUR             25,800.00

                      Registered

                      on:         02.04.1993

                      Reg. data:  89073 Ulm, HRB 540892

 Shareholder:

                      Doris Hohly-Friseursalon GmbH

                      Birkenweg 8

                      D 73312 Geislingen

                      Legal form: Private limited company

                      Share capital:     EUR             26,300.00

                      Share:             EUR             13,000.00

                      Registered

                      on:         07.10.2005

                      Reg. data:  89073 Ulm, HRB 540375

 Shareholder:

                      GREEN SUGAR GmbH Produktinnovationen aus

                      Biomasse

                      Hermann-Grafe-Str. 40

                      D 01662 Meißen

                      Legal form: Private limited company

                      Share capital:     EUR            103,000.00

                      Share:             EUR              4,411.00

                      Registered

                      on:         26.03.2007

                      Reg. data:  01069 Dresden, HRB 25433

 Manager:

                      Büchele Zweite Verwaltungs-GmbH

                      Im Oberen Berg 30

                      D 67354 Römerberg

                      Legal form: Private limited company

                      Share capital:     EUR            500,000.00

                      Registered

                      on:         17.07.2007

                      Reg. data:  67061 Ludwigshafen, HRB 60780

 Manager:

                      Erich Büchele - Bauunternehmung GmbH

                      Birkenweg 8

                      D 73312 Geislingen

                      Legal form: Private limited company

                      Share capital:     EUR             25,800.00

                      Registered

                      on:         02.04.1993

                      Reg. data:  89073 Ulm, HRB 540892

 Manager:

                      Büchele Beteiligungs-GmbH

                      Im Oberen Berg 30

                      D 67354 Römerberg

                      Legal form: Private limited company

                      Share capital:     EUR            200,000.00

                      Registered

                      on:         19.08.2011

                      Reg. data:  67061 Ludwigshafen, HRB 62692

 President of the Supervisory Board:

                      MERCK Kommanditgesellschaft auf Aktien

                      Frankfurter Str. 250

                      D 64293 Darmstadt

                      Legal form: Partnership limited by shares

                      Share capital:     EUR        168,014,927.60

                      Registered

                      on:         18.07.1995

                      Reg. data:  64283 Darmstadt, HRB 6164

 Member of the Supervisory Board:

                      BASF Pigment GmbH

                      Carl-Bosch-Str. 38

                      D 67063 Ludwigshafen

                      Legal form: Private limited company

                      Share capital:     EUR          2,557,000.00

                      Registered

                      on:         14.09.1995

                      Reg. data:  67061 Ludwigshafen, HRB 4200

 Liquidator:

                      Büchele Erste Verwaltungs-GmbH

                      Im Oberen Berg 30

                      D 67354 Römerberg

                      Legal form: Private limited company in

                                  liquidation

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         12.07.2007

                      Reg. data:  67061 Ludwigshafen, HRB 60778

 

 Further functions/participations of Thomas Blades (Member of the

 Board of Directors)

 General partner:

                      Thomas Blades, Heike Blades

                      D 25554 Kleve

                      Legal form: Partnership under the Civil Code

 

 Further functions/participations of Georg Denoke (Member of the

 Board of Directors)

 Member of the Board of Directors:

                      Deutsches Aktieninstitut

                      Niedenau 13-19

                      D 60325 Frankfurt

                      Legal form: Registered association

                      Registered

                      on:         23.08.1995

                      Reg. data:  60313 Frankfurt, VR 10739

 Member of the Supervisory Board:

                      SGL Carbon SE

                      Söhnleinstr. 8

                      D 65201 Wiesbaden

                      Post Box:

                      50 20, D 65040 Wiesbaden

                      Legal form: European Company (SE)

                      Share capital:     EUR        235,024,302.08

                      Registered

                      on:         23.01.2009

                      Reg. data:  65189 Wiesbaden, HRB 23960

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 20.11.2012 - 05.01.2015            Member of the Board of Directors

                                                Prof.Dr.phil Aldo Belloni

                                                D 80331 München

 20.11.2012 - 17.02.2014            President of the Board of Directors

                                                Prof.Dr.Ing. Wolfgang Reitzle

                                                D 81679 München

 27.04.2011 - 29.05.2013            Member of the Supervisory Board

                                                Matthew F. C. Miau

                                                TWN Taipeh

BUSINESS ACTIVITIES

 

 Main industrial sector

 19200   Manufacture of refined petroleum products

2059    Manufacture of other chemical products n.e.c.

25110   Manufacture of metal structures and parts of structures

28290   Manufacture of other general-purpose machinery

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      Linde Aktiengesellschaft

                      Spergauer Str. 1a

                      D 06237 Leuna

                      TEL.: 03461/8530

 Branch:

                      Linde Aktiengesellschaft

                      Klaumerbruch 95

                      D 45357 Essen

                      TEL.: 0201/609090

                      FAX.: 0201/60909-50

 Branch:

                      Linde Aktiengesellschaft

                      Lindestr. 2

                      D 57234 Wilnsdorf

                      TEL.: 02737/9852150

 Branch:

                      Linde Aktiengesellschaft

                      Gradestr. 107

                      D 12347 Berlin

                      TEL.: 030/60908-0

 Branch:

                      Linde Aktiengesellschaft

                      Reisholzer Bahnstr. 4

                      D 40599 Düsseldorf

                      TEL.: 0211/74810

                      FAX.: 0211/7481177

 Branch:

                      Linde Aktiengesellschaft

                      Mühlenfelder Str. 2

                      D 47137 Duisburg

                      TEL.: 0203/45048-0

 Branch:

                      Linde Aktiengesellschaft

                      Hauptstr. 196

                      D 66128 Saarbrücken

                      TEL.: 0681-70154

 Branch:

                      Linde Aktiengesellschaft

                      Carl-von-Linde-Str. 15

                      D 83342 Tacherting

                      TEL.: 08621/850

 Branch:

                      Linde Aktiengesellschaft

                      Fuldaer Str. 2

                      D 37269 Eschwege

                      TEL.: 05651/952300

 Branch:

                      Linde Aktiengesellschaft

                      Kostheimer Landstr. 25

                      D 55246 Mainz-Kostheim

                      TEL.: 06134/208-0

 Branch:

                      Linde Aktiengesellschaft

                      Schönebecker Str. 82

                      D 39104 Magdeburg

                      TEL.: 0391/4048826

 Branch:

                      Linde Aktiengesellschaft

                      Vogelweiherstr. 73

                      D 90441 Nürnberg

                      TEL.: 0911/424640

 Branch:

                      Linde Aktiengesellschaft

                      Entenfangweg 6

                      D 30419 Hannover

                      TEL.: 0511/279930

                      FAX.: 0511/27993-53

 Branch:

                      Linde Aktiengesellschaft

                      Strothbachstr. 9

                      D 33689 Bielefeld

                      TEL.: 05205/70021

 Branch:

                      Linde Aktiengesellschaft

                      Industriestr. 7

                      D 86456 Gablingen

                      TEL.: 08230/8902-0

 Branch:

                      Linde Aktiengesellschaft

                      Pariser Platz 3

                      D 10117 Berlin

                      TEL.: 030/2062900

 Branch:

                      Linde Aktiengesellschaft

                      Carl-von-Linde-Str. 25

                      D 85716 Unterschleißheim

                      TEL.: 089/310010

 Branch:

                      Linde Aktiengesellschaft

                      Fangdieckstr. 75

                      D 22547 Hamburg

                      TEL.: 040/8531210

 Branch:

                      Linde Aktiengesellschaft

                      Erlgrund 10

                      D 99098 Erfurt

                      TEL.: 036203/73107-0

 Branch:

                      Linde Aktiengesellschaft

                      Dradenaustr. 29

                      D 21129 Hamburg

                      TEL.: 040/7411350

                      FAX.: 040/74113535

 Branch:

                      Linde Aktiengesellschaft

                      Koellestr. 31a

                      D 76189 Karlsruhe

                      TEL.: 0721/57044400

 Branch:

                      Linde Aktiengesellschaft

                      Seitnerstr. 70

                      D 82049 Pullach

                      TEL.: 089/74460

                      FAX.: 089/7446-1216

 Branch:

                      Linde Aktiengesellschaft

                      Industriestr. 41

                      D 67063 Ludwigshafen

                      TEL.: 0621/69001-0

                      FAX.: 0621/69001-555

 Branch:

                      Linde Aktiengesellschaft

                      Müggenburger Str. 25

                      D 20539 Hamburg

                      TEL.: 040/7524820

                      FAX.: 040/75249219

 Branch:

                      Linde Aktiengesellschaft

                      Industriestr. 3

                      D 86405 Meitingen

                      TEL.: 08271/80080

 Branch:

                      Linde Aktiengesellschaft

                      Abraham-Lincoln-Str. 18

                      D 65189 Wiesbaden

                      TEL.: 0611/73666

                      FAX.: 0611/7366610

 Branch:

                      Linde Aktiengesellschaft

                      Stettiner Str. 22

                      D 56564 Neuwied

                      TEL.: 0180/3850012680

 Branch:

                      Linde Aktiengesellschaft

                      David-Hansemann-Str. 26

                      D 52531 Übach-Palenberg

                      TEL.: 0241/9432600

                      FAX.: 0241/94326012

 Branch:

                      Linde Aktiengesellschaft

                      Motorstr. 28

                      D 70499 Stuttgart

                      TEL.: 0711/80002-0

 Branch:

                      Linde Aktiengesellschaft

                      Südring 44

                      D 98693 Ilmenau

                      TEL.: 03677/62821

 Branch:

                      Linde Aktiengesellschaft

                      Rommenhöllerstr. 32

                      D 33014 Bad Driburg

                      TEL.: 05253/892166

 Branch:

                      Linde Aktiengesellschaft

                      Lübzer Str. 18

                      D 19395 Plau

                      TEL.: 038735/44515

 Branch:

                      Linde Aktiengesellschaft

                      Parsevalstr.

                      D 06749 Bitterfeld-Wolfen

                      TEL.: 03493/72214

 Branch:

                      Linde Aktiengesellschaft

                      Juchostr. 95

                      D 44143 Dortmund

                      TEL.: 0231/51913382

 Branch:

                      Linde Aktiengesellschaft

                      Haiminger Str. 10

                      D 84489 Burghausen

                      TEL.: 08677/97450

 Branch:

                      Linde Aktiengesellschaft

                      Dr.-Carl-von-Linde-Str. 6-14

                      D 82049 Pullach

                      TEL.: 089/74450

                      FAX.: 089/7445-4908

 Branch:

                      Linde Aktiengesellschaft

                      Bodenbacher Str. 80

                      D 01277 Dresden

                      TEL.: 0351/25030

                      FAX.: 0351/2504800

 

 

PARTICIPATIONS

 

 Limited partner:

                      Linde Electronics GmbH & Co.KG

                      Zugspitzstr. 3

                      D 82049 Pullach

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR          6,135,502.57

                      contribution:

                      Share:             EUR          6,135,502.57

                      Reg. data:  03.01.2008

                                  Local court 80333 München

                                  HRA 91505

 Limited partner:

                      Bomin Linde LNG GmbH & Co. KG

                      Dornbusch 2

                      D 20095 Hamburg

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR            250,000.00

                      contribution:

                      Share:             EUR            125,000.00

                      Reg. data:  26.10.2012

                                  Local court 20355 Hamburg

                                  HRA 115369

 Limited partner:

                      Linde Ladenbau GmbH & Co. KG

                      Konrad-Zuse-Str. 2

                      D 36251 Bad Hersfeld

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR            700,000.00

                      contribution:

                      Share:             EUR             70,000.00

                      Reg. data:  01.07.2004

                                  Local court 36251 Bad Hersfeld

                                  HRA 973

 Limited partner:

                      Hydromotive GmbH & Co. KG

                      Spergauer Str. 1a

                      D 06237 Leuna

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR             50,000.00

                      contribution:

                      Share:             EUR             50,000.00

                      Reg. data:  24.05.2005

                                  Local court 39576 Stendal

                                  HRA 34150

 Limited partner:

                      Linde Gas Produktionsgesellschaft mbH & Co.

                      KG

                      Seitnerstr. 70 OT

                      Höllriegelskreuth

                      D 82049 Pullach

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR             50,000.00

                      contribution:

                      Share:             EUR             50,000.00

                      Reg. data:  12.07.2002

                                  Local court 80333 München

                                  HRA 80186

 Limited partner:

                      H2 Mobility Deutschland GmbH & Co. KG

                      Linienstr. 160

                      D 10115 Berlin

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR            100,000.00

                      contribution:

                      Share:             EUR             27,600.00

                      Reg. data:  21.01.2015

                                  Local court 14057 Berlin

                                  HRA 50462 B

 Limited partner:

                      LMH Immobilien Holding GmbH & Co. KG

                      Schweinheimer Str. 34

                      D 63743 Aschaffenburg

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR             10,000.00

                      contribution:

                      Share:             EUR                600.00

                      Reg. data:  22.02.2007

                                  Local court 63739 Aschaffenburg

                                  HRA 4532

 Shareholder:

                      "Caravell" Kühlgerätevertriebs GmbH

                      Breitscheider Weg 117

                      D 40885 Ratingen

                      Legal form: Private limited company

                      Company Status: in liquidation

                      since:          28.10.2002

                      Share capital:     EUR          2,045,167.52

                      Share:             EUR          1,022,583.76

                      Reg. data:  15.11.2001

                                  Local court 40227 Düsseldorf

                                  HRB 44403

 Shareholder:

                      Selas-Linde GmbH

                      Wolfratshauser Str. 138

                      D 82049 Pullach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            921,000.00

                      Share:             EUR            921,000.00

                      Reg. data:  03.08.1981

                                  Local court 80333 München

                                  HRB 66585

 Shareholder:

                      Commercium Immobilien- und Beteiligungs-GmbH

                      Klosterhofstr. 1

                      D 80331 München

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            588,800.00

                      Share:             EUR            588,800.00

                      Reg. data:  09.07.2007

                                  Local court 80333 München

                                  HRB 168804

 Shareholder:

                      InfraLeuna GmbH

                      Am Haupttor 4310

                      D 06237 Leuna

                      Post Box:

                      11 11

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          1,534,000.00

                      Share:             EUR            375,830.00

                      Reg. data:  22.03.1995

                                  Local court 39576 Stendal

                                  HRB 209877

 Shareholder:

                      Linde Electronics Verwaltungs GmbH

                      Zugspitzstr. 3

                      D 82049 Pullach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             42,000.00

                      Share:             EUR             42,000.00

                      Reg. data:  28.12.2007

                                  Local court 80333 München

                                  HRB 171488

 Shareholder:

                      Linde Gas Verwaltungs GmbH

                      Seitnerstr. 70

                      D 82049 Pullach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             31,000.00

                      Share:             EUR             31,000.00

                      Reg. data:  22.07.2003

                                  Local court 80333 München

                                  HRB 148534

 Shareholder:

                      Hydromotive Verwaltungs-GmbH

                      Spergauer Str. 1a

                      D 06237 Leuna

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  11.05.2005

                                  Local court 39576 Stendal

                                  HRB 215272

 Shareholder:

                      TKD TrockenEis und Kohlensäure Distribution

                      GmbH

                      An der Erdinger Str. 3d

                      D 85447 Fraunberg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,564.59

                      Share:             EUR             12,782.30

                      Reg. data:  01.09.1994

                                  Local court 80333 München

                                  HRB 107124

 Shareholder:

                      TEGA-Technische Gase und Gasetechnik

                      Gesellschaft mit beschränkter Haftung

                      Werner-von-Siemens-Str. 18

                      D 97076 Würzburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            410,000.00

                      Share:             EUR             24,600.00

                      Reg. data:  23.09.1959

                                  Local court 97070 Würzburg

                                  HRB 21

 Shareholder:

                      Eisengießerei Dinklage GmbH

                      In der Bahler Heide 5

                      D 49413 Dinklage

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,564.60

                      Share:             EUR             12,782.30

                      Reg. data:  17.04.1974

                                  Local court 26135 Oldenburg

                                  HRB 110090

 Shareholder:

                      Bomin Linde LNG Beteiligungs-GmbH

                      Dornbusch 2

                      D 20095 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,500.00

                      Reg. data:  26.10.2012

                                  Local court 20355 Hamburg

                                  HRB 124967

 Shareholder:

                      Supralift Beteiligungs- und

                      Kommunikationsgesellschaft mit beschränkter

                      Haftung

                      Reifenberger Str. 1

                      D 65719 Hofheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,500.00

                      Reg. data:  06.04.2001

                                  Local court 60313 Frankfurt

                                  HRB 52074

 Shareholder:

                      Linde Ladenbau Verwaltungs GmbH

                      Konrad-Zuse-Str. 2

                      D 36251 Bad Hersfeld

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR              2,500.00

                      Reg. data:  16.06.2004

                                  Local court 36251 Bad Hersfeld

                                  HRB 2023

FINANCIAL INFORMATION

 

 Payment experience:    in top condition

 

 Negative information:   We have no negative information at hand.

 

 Balance sheet year:      2014

 

 

REAL ESTATE

 

 Type of ownership:       unknown

 Address                       Klosterhofstr. 1

                                    D 80331 München

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 DEUTSCHE BANK, 65011 WIESBADEN

 Sort. code: 51070021

 BIC: DEUTDEFF510

 

 Further banks

 COMMERZBANK, 65009 WIESBADEN

 Sort. code: 51040038

 BIC: COBADEFFXXX

 COMMERZBANK VORMALS DRESDNER BANK, 65012 WIESBADEN

 Sort. code: 51080060

 BIC: DRESDEFF510

 

 

FINANCIAL FIGURES

 

 Turnover:            2013               EUR      2,193,000,000.00

                      2014               EUR      1,888,000,000.00

 Profit:              2013               EUR        562,000,000.00

                      2014               EUR        653,000,000.00

 further business figures:

 Equipment:                              EUR         67,000,000.00

 Ac/ts receivable:                       EUR      1,668,000,000.00

 Liabilities:                            EUR      9,945,000,000.00

 Employees:                                                  6,010

 

 BALANCE SHEETS

 

 Balance sheet ratios     01.01.2014 - 31.12.2014

 Equity ratio [%]:                                   47.10

 Liquidity ratio:                                      0.17

 Return on total capital [%]:                    3.17

 

 Balance sheet ratios     01.01.2013 - 31.12.2013

 Equity ratio [%]:                                   47.83

 Liquidity ratio:                                      0.17

 Return on total capital [%]:                    2.80

 

 Balance sheet ratios     01.01.2012 - 31.12.2012

 Equity ratio [%]:                                   46.28

 Liquidity ratio:                                      0.15

 Return on total capital [%]:                    2.72

 

 Balance sheet ratios     01.01.2011 - 31.12.2011

 Equity ratio [%]:                                   48.07

 Liquidity ratio:                                      0.15

 Return on total capital [%]:                    2.84

 

 Equity ratio

 The equity ratio indicates the portion of the equity as compared

 to the total capital. The higher the equity ratio, the better the

 economic stability (solvency) and thus the financial autonomy of

 a company.

 

 Liquidity ratio

 The liquidity ratio shows the proportion between adjusted

 receivables and net liabilities. The higher the ratio, the lower

 the company's financial dependancy from external creditors.

 

 Return on total capital

 The return on total capital shows the efficiency and return on

 the total capital employed in the company. The higher the return

 on total capital, the more economically does the company work

 with the invested capital.

 

 Type of balance

 sheet:               Company balance sheet

 Origin of the present

 balance sheet:       self-disclosure

 

 Financial year:      01.01.2014 - 31.12.2014

 

 ASSETS                                  EUR     20,663,000,000.00

  Fixed assets                           EUR     18,093,000,000.00

   Intangible assets                     EUR        111,000,000.00

   Tangible assets                       EUR        381,000,000.00

    Land / similar rights                EUR        172,000,000.00

    Plant / machinery                    EUR        102,000,000.00

    Other tangible assets / fixtures and

    fittings                             EUR         67,000,000.00

    Advance payments made / construction

    in progress                          EUR         40,000,000.00

   Financial assets                      EUR     17,601,000,000.00

    Shares in participations /

    subsidiaries and the like            EUR     17,320,000,000.00

     Shares in related companies         EUR     17,250,000,000.00

     Shares in investee companies        EUR         70,000,000.00

    Loans to participations /

    subsidiaries and the like            EUR        281,000,000.00

     Loans to related companies          EUR        265,000,000.00

     Loans to investee companies         EUR         16,000,000.00

  Current assets                         EUR      2,547,000,000.00

   Stocks                                EUR                  0.00

    Raw materials, consumables and

    supplies                             EUR         40,000,000.00

    Finished goods / work in progress    EUR      1,915,000,000.00

    Advance payments made                EUR        390,000,000.00

    Minus received advance payments for

    orders / installments for stocks     EUR     -2,345,000,000.00

   Accounts receivable                   EUR      1,668,000,000.00

    Trade debtors                        EUR        126,000,000.00

    Amounts due from related companies   EUR      1,379,000,000.00

    Amounts due from investee companies  EUR          1,000,000.00

    Other debtors and assets             EUR        162,000,000.00

   Investments in current assets         EUR        500,000,000.00

    Other investments                    EUR        500,000,000.00

   Liquid means                          EUR        379,000,000.00

  Remaining other assets                 EUR         23,000,000.00

   Accruals (assets)                     EUR         23,000,000.00

 

 LIABILITIES                             EUR     20,663,000,000.00

  Shareholders' equity                   EUR      9,762,000,000.00

   Capital                               EUR        475,000,000.00

    Subscribed capital (share capital)   EUR        475,000,000.00

   Reserves                              EUR      8,702,000,000.00

    Capital reserves                     EUR      6,564,000,000.00

    Retained earnings / revenue reserves EUR      2,138,000,000.00

   Balance sheet profit/loss (+/-)       EUR        585,000,000.00

    Balance sheet profit / loss          EUR        585,000,000.00

  Provisions                             EUR        956,000,000.00

   Other / unspecified provisions        EUR        956,000,000.00

  Liabilities                            EUR      9,945,000,000.00

   Financial debts                       EUR      2,397,000,000.00

    Liabilities due to banks             EUR      2,397,000,000.00

   Other liabilities                     EUR      7,548,000,000.00

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR        207,000,000.00

    Liabilities from received advance

    payments                             EUR        701,000,000.00

    Liabililties due to related companiesEUR      6,583,000,000.00

    Liabilities due to investee companiesEUR          3,000,000.00

    Unspecified other liabilities        EUR         54,000,000.00

     thereof liabilities from tax /

     financial authorities               EUR         18,000,000.00

  Guarantees and other commitments       EUR     11,625,000,000.00

   Guarantees / warranties               EUR     11,625,000,000.00

    Guarantees                           EUR         23,000,000.00

    Warranties                           EUR     11,602,000,000.00

 

 PROFIT AND LOSS ACCOUNT (cost of sales method) according to Comm.

 Code (HGB)

  Sales                                  EUR      1,888,000,000.00

  Manufacturing costs                    EUR      1,134,000,000.00

  Gross result on sales                  EUR        754,000,000.00

  Distribution costs                     EUR        297,000,000.00

  General administration expenses        EUR        358,000,000.00

  Research and development costs         EUR        128,000,000.00

  Other operating income                 EUR        297,000,000.00

  Other operating expenses               EUR        231,000,000.00

  Operating result from continuing

  operations                             EUR         37,000,000.00

  Result from participating interests

  (+/-)                                  EUR        680,000,000.00

   Expenses / income from participations EUR        680,000,000.00

  Interest result (+/-)                  EUR       -123,000,000.00

   Interest and similar income           EUR        279,000,000.00

    thereof from related companies       EUR        214,000,000.00

   Interest and similar expenses         EUR        402,000,000.00

    thereof paid to related companies    EUR        232,000,000.00

  Other financial result                 EUR        -11,000,000.00

   Depreciation on financial assets and

   marketable securities                 EUR         11,000,000.00

  Financial result (+/-)                 EUR        546,000,000.00

  Result from ordinary operations (+/-)  EUR        583,000,000.00

  Income tax / refund of income tax (+/-)EUR         70,000,000.00

  Tax (+/-)                              EUR         70,000,000.00

  Annual surplus / annual deficit        EUR        653,000,000.00

 

 Type of balance

 sheet:               Company balance sheet

 Origin of the present

 balance sheet:       electronic German Federal Gazette

 

 Financial year:      01.01.2013 - 31.12.2013

 

 ASSETS                                  EUR     20,154,000,000.00

  Fixed assets                           EUR     18,008,000,000.00

   Intangible assets                     EUR        110,000,000.00

   Tangible assets                       EUR        370,000,000.00

   Financial assets                      EUR     17,528,000,000.00

  Current assets                         EUR      2,126,000,000.00

   Stocks                                EUR                  0.00

    Other / unspecified stocks           EUR      1,655,000,000.00

    Minus received advance payments for

    orders / installments for stocks     EUR     -1,655,000,000.00

   Accounts receivable                   EUR      1,486,000,000.00

   Investments in current assets         EUR        149,000,000.00

   Liquid means                          EUR        491,000,000.00

  Remaining other assets                 EUR         20,000,000.00

   Accruals (assets)                     EUR         20,000,000.00

 

 LIABILITIES                             EUR     20,154,000,000.00

  Shareholders' equity                   EUR      9,669,000,000.00

   Capital                               EUR        475,000,000.00

    Subscribed capital (share capital)   EUR        475,000,000.00

   Reserves                              EUR      8,637,000,000.00

    Capital reserves                     EUR      6,562,000,000.00

    Retained earnings / revenue reserves EUR      2,075,000,000.00

   Balance sheet profit/loss (+/-)       EUR        557,000,000.00

    Balance sheet profit / loss          EUR        557,000,000.00

  Provisions                             EUR      1,352,000,000.00

   Pension provisions and comparable

   provisions                            EUR        512,000,000.00

   Other / unspecified provisions        EUR        840,000,000.00

  Liabilities                            EUR      9,133,000,000.00

  Guarantees and other commitments       EUR     10,207,000,000.00

   Guarantees / warranties               EUR     10,207,000,000.00

    Guarantees                           EUR         28,000,000.00

    Warranties                           EUR     10,179,000,000.00

 

 PROFIT AND LOSS ACCOUNT (cost of sales method) according to Comm.

 Code (HGB)

  Sales                                  EUR      2,193,000,000.00

  Manufacturing costs                    EUR      1,442,000,000.00

  Gross result on sales                  EUR        751,000,000.00

  Distribution costs                     EUR        294,000,000.00

  General administration expenses        EUR        348,000,000.00

  Research and development costs         EUR        126,000,000.00

  Other operating income                 EUR        395,000,000.00

  Other operating expenses               EUR        248,000,000.00

  Operating result from continuing

  operations                             EUR        130,000,000.00

  Result from participating interests

  (+/-)                                  EUR        600,000,000.00

   Expenses / income from participations EUR        600,000,000.00

  Interest result (+/-)                  EUR       -151,000,000.00

   Interest and similar income           EUR        270,000,000.00

    thereof from related companies       EUR        229,000,000.00

   Interest and similar expenses         EUR        421,000,000.00

    thereof paid to related companies    EUR        232,000,000.00

  Other financial result                 EUR        -13,000,000.00

   Depreciation on financial assets and

   marketable securities                 EUR         13,000,000.00

  Financial result (+/-)                 EUR        436,000,000.00

  Result from ordinary operations (+/-)  EUR        566,000,000.00

  Income tax / refund of income tax (+/-)EUR         -4,000,000.00

  Tax (+/-)                              EUR         -4,000,000.00

  Annual surplus / annual deficit        EUR        562,000,000.00


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.64.88

UK Pound

1

Rs.99.89

Euro

1

Rs.72.06

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

TRU

 

               

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.

 
 


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