MIRA INFORM REPORT

Report No. :	340854
Report Date :	18.09.2015

IDENTIFICATION DETAILS

Name :	SIEMENS HEALTHCARE GMBH

Registered Office :	Henkestr. 127, D 91052 Erlangen

Country :	Germany

Financials (as on) :	30.09.2014

Date of Incorporation :	27.08.2014

Com. Reg. No.:	HRB 213821

Legal Form :	Private Limited Company

Line of Business :	· Manufacture of irradiation, electromedical and electrotherapeutic equipment · Manufacutre of technical instruments and supplies for medical purposesn.e.c. · Repair of other equipment · Installation of machines and equipment n.e.c.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New Business

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 – March 31, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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, 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

SIEMENS HEALTHCARE GMBH

Company Status: Active

Main address: Henkestr. 127

D 91052 Erlangen

Telephone:0800/1881885

Homepage: www.healthcare.siemens.de

Legal office: D 80333 München

CONCLUSION

Business relations are permissible.

Company Summary

LEGAL FORM Private limited company

Date of foundation: 27.08.2014

Shareholders'

agreement: 27.08.2014

Registered on: 03.09.2014

Commercial Register: Local court 80333 München

under: HRB 213821

Share capital

EUR 50,000,000.00

Shareholder:

Siemens Aktiengesellschaft

Nonnendammallee 101

D 13629 Berlin

Legal form: Public limited company

Share capital: EUR 2,742,610,263.00

Share: EUR 50,000,000.00

Registered on: 01.02.1897

Reg. data: 14057 Berlin, HRB 12300 B

Control and profit transfer agreement

Manager:

Thomas Rathmann

D 90762 Fürth

born: 25.08.1964

Manager:

Michael Reitermann

158 Westwood Drive

USA 10549 Mount Kisco NY

born: 23.12.1962

Nationality: USA

Manager:

Dr. Bernhard Montag

D 96047 Bamberg

born: 16.04.1969

Member of the Supervisory Board:

Karl-Heinz Seibert

D 85665 Moosach

born: 14.04.1959

Member of the Supervisory Board:

Dr. Nathalie von Siemens

Wehrlestr. 30

D 81679 München

born: 14.07.1971

Member of the Supervisory Board:

Dr. Jochen Schmitz

D 82057 Icking

born: 12.04.1966

Nationality: USA

Member of the Supervisory Board:

Wolfgang Fees

Honingser Str. 5

D 91094 Langensendelbach

Member of the Supervisory Board:

Prof. Dr.Ing. Siegfried Russwurm

D 96247 Michelau

born: 27.06.1963 in Marktgraitz/Lichtenfels

Member of the Supervisory Board:

Dr. Horst J. Kayser

Burgbergstr. 1

D 91054 Erlangen

born: 16.12.1960

Member of the Supervisory Board:

Dr. rer. pol. Ralf P. Thomas

D 91080 Marloffstein

born: 07.03.1961 in Nürnberg

Member of the Supervisory Board:

Jürgen Wechsler

D 90596 Schwanstetten

Member of the Supervisory Board:

Reinhard Hahn

D 60265 Frankfurt

born: 24.06.1956 in Hamburg

Marital status: married

Member of the Supervisory Board:

Harry Blunk

D 21218 Seevetal

Marital status: unknown

Member of the Supervisory Board:

Janina Kugel

D 85774 Unterföhring

Marital status: unknown

Member of the Supervisory Board:

Axel Patze

D 07407 Uhlstädt-Kirchhasel

Marital status: unknown

Member of the Supervisory Board:

Bernd Albert Rennebaum

D 58710 Menden

Marital status: unknown

Member of the Supervisory Board:

Mariel von Schumann

D 80339 München

Marital status: unknown

Member of the Supervisory Board:

Dorothea Simon

D 91207 Lauf

Marital status: unknown

Member of the Supervisory Board:

Harald Tretter

D 95508 Kulmain

Marital status: unknown

Proxy:

Klaus-Armin Kiesel

D 91334 Hemhofen