3decades

MIRA INFORM REPORT

Report No. :	486551
Report Date :	19.01.2018

IDENTIFICATION DETAILS

Name :	MASCHINENFABRIK BERTHOLD HERMLE AKTIENGESELLSCHAFT

Registered Office :	Industriestr. 8-12 D 78559 Gosheim Post Box:12 40, D 72556 Gosheim

Country :	Germany

Financials (as on) :	31.12.2016

Date of Incorporation :	1938

Com. Reg. No.:	HRB 460397

Legal Form :	Public limited company

Line of Business :	· Manufacture of exchangeable tools for metal-processing purposes n.e.c. · Manufacture of metal forming machinery Manufacture of other machine tools n.e.c. · Wholesale of machine tools

No. of Employees :	878

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+	Low Risk	Business dealings permissible with low risk of default

Status :	Good

Payment Behaviour :	Regular

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

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 2016 Germany reached a budget surplus of 0.6%. 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 2017.

Source : CIA

Company name and address

Maschinenfabrik Berthold Hermle Aktiengesellschaft

Industriestr. 8-12

D 78559 Gosheim

Post Box: 12 40, D 72556 Gosheim

Telephone:07426/95-0

Telefax: 07426/95-1309

Homepage: www.hermle.de

E-mail: info@hermle.de

Company Status

Active

VAT no.

DE142929574

Company summery

LEGAL FORM Public limited company

Date of foundation: 1938

Registered on: 15.03.1990

Commercial Register: Local court 70190 Stuttgart

under: HRB 460397

Share capital: EUR 15,000,000.00

The company is listed on the stock market.

Shareholder:

ADF Beteiligungs GmbH

Albstr. 2

D 78559 Gosheim

Legal form: Private limited company

Share capital: EUR 25,000.00

Share: 6.860 %

Registered on: 17.10.2012

Reg. data: 70190 Stuttgart, HRB 742748

Member of the Board of Directors:

Günther Beck

D 78667 Villingendorf

born: 05.11.1960

Member of the Board of Directors:

Franz-Xaver Bernhard

D 78549 Spaichingen

born: 27.05.1959

Member of the Board of Directors:

Alfons Betting

D 78559 Gosheim

President of the Supervisory Board:

Dietmar Hermle

D 79780 Stühlingen

Vice-president of the Supervisory Board:

Lothar Hermle

Titiseestr. 28

D 78628 Rottweil

born: 28.08.1957

Marital status: married

Vice-president of the Supervisory Board:

Sonja Leibinger

Klosbachstraße 79

CH 8032 Zürich

born: 06.07.1983

Nationality: Swiss

Marital status: unknown

Member of the Supervisory Board:

Wolfgang Kuhn

Gebrüder-Schmid-Weg 13

D 70199 Stuttgart

born: 08.02.1948

Representative of the Employees within the Supervisory Board:

Adolf Weber

D 72364 Obernheim

Representative of the Employees within the Supervisory Board:

Gerd Grewin

D 78559 Gosheim

Marital status: unknown

Proxy:

Christian Bur am Orde

Bismarckstr. 79

D 78549 Spaichingen