MIRA INFORM REPORT

Report No. :	489157
Report Date :	01.02.2018

IDENTIFICATION DETAILS

Name :	PLANTEXTRAKT GMBH & CO. KG
Registered Office :	Dutendorfer Str. 5-7 D 91487 Vestenbergsgreuth
Country :	Germany
Date of Incorporation :	11.08.1999
Com. Reg. No.:	HRA 7036
Legal Form :	Ltd partnership with priv. ltd. company as general partner
Line of Business :	· Manufacture of condiments and seasonings Wholesale of coffee, tea, cocoa and spices
No. of Employees :	Not Availabel

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
Germany	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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 a large increase in 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. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.

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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, 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. Domestic consumption, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2018.

Source : CIA

Company name and address

Plantextrakt GmbH & Co. KG

Dutendorfer Str. 5-7

D 91487 Vestenbergsgreuth

Telephone:09163/880

Telefax: 09163/88205

Company Status

Active

VAT no.

DE812818174

Company summery

LEGAL FORM Ltd partnership with priv. ltd. company as general partner

Date of foundation: 11.08.1999

Registered on: 11.08.1999

Register of

companies: Local court 90762 Fürth

under: HRA 7036

Total cap. contribution: EUR 8,000,000.00

Limited partner:

Plantextrakt GmbH & Co. Holding KG

Dutendorfer Str. 5-7

D 91487 Vestenbergsgreuth

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap. EUR 15,500,000.00

contribution:

Share: EUR 8,000,000.00

Registered on: 15.12.1980

Reg. data: 90762 Fürth, HRA 5266

General partner:

Plantextrakt Verwaltungs GmbH

Dutendorfer Str. 5-7

D 91487 Vestenbergsgreuth

Legal form: Private limited company

Share capital: EUR 25,000.00

Registered on: 13.07.1999

Reg. data: 90762 Fürth, HRB 7500

Shareholder:

Plantextrakt GmbH & Co. KG

Dutendorfer Str. 5-7

D 91487 Vestenbergsgreuth

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap. EUR 8,000,000.00

contribution:

Share: EUR 25,000.00

Registered on: 11.08.1999

Reg. data: 90762 Fürth, HRA 7036

Manager:

Albert Ferstl

D 91315 Höchstadt

having sole power of representation

born: 28.12.1964

Profession: Foreign trade department

employee

Marital status: married

Manager:

Arpad Brezovski

D 85560 Ebersberg

born: 26.08.1965

Proxy:

Claus Swatosch

D 90425 Nürnberg

authorized to jointly represent the company

born: 12.05.1961

BUSINESS ACTIVITIES

Main industrial sector

10840 Manufacture of condiments and seasonings

46370 Wholesale of coffee, tea, cocoa and spices

BRANCHES AND FACTORIES

Branch:

Plantextrakt GmbH & Co. KG

Birkenweg 3

D 63801 Kleinostheim

TEL.: 06027/479-0

FAX.: 06027/479-111

PARTICIPATIONS

Shareholder:

Plantextrakt Pflanzenextraktions GmbH

Dutendorfer Str. 5-7

D 91487 Vestenbergsgreuth

Legal form: Private limited company

Company Status: active

Share capital: EUR 25,564.59

Share: EUR 25,564.59

Reg. data: 17.11.1980

Local court 90762 Fürth

HRB 2042

Shareholder:

PhytoCon Verwaltungs GmbH

Koblenzer Str. 48-54

D 56626 Andernach

Legal form: Private limited company

Company Status: active

Share capital: EUR 25,564.59

Share: EUR 25,564.59

Reg. data: 12.04.1994

Local court 56068 Koblenz

HRB 13315

Shareholder:

Plantextrakt Verwaltungs GmbH

Dutendorfer Str. 5-7

D 91487 Vestenbergsgreuth

Legal form: Private limited company

Company Status: active

Share capital: EUR 25,000.00

Share: EUR 25,000.00

Reg. data: 13.07.1999

Local court 90762 Fürth

HRB 7500

FINANCIAL INFORMATION

Payment experience: No Complaints

Negative information: We have no negative information at hand.

REAL ESTATE

Type of ownership: Tenant

Address Dutendorfer Str. 5-7

D 91487 Vestenbergsgreuth

Real Estate of: Plantextrakt Verwaltungs GmbH

Type of ownership: Tenant

Address Dutendorfer Str. 5-7

D 91487 Vestenbergsgreuth

Land register documents were not available.

BANKERS

Principal bank

DEUTSCHE BANK, 90703 FÜRTH

Sort. code: 76070012

BIC: DEUTDEMM760

Further banks

KREISSPARKASSE HÖCHSTADT, 91311 HÖCHSTADT A.D.AISCH

Sort. code: 76351560

BIC: BYLADEM1HOS

COMMERZBANK, 90006 NÜRNBERG

Sort. code: 76040061

BIC: COBADEFFXXX

COMMERZBANK VORMALS DRESDNER BANK, 90327 NÜRNBERG

Sort. code: 76080040

BIC: DRESDEFF760

UNICREDIT BANK - HYPOVEREINSBANK, 90327 NÜRNBERG

Sort. code: 76020070

BIC: HYVEDEMM460

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	INR 63.69
UK Pound	1	INR 90.35
Euro	1	INR 79.21
Euro	1	INR 79.73

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	TRU

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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