MIRA INFORM REPORT

Report No. :	488312
Report Date :	29.01.2018

IDENTIFICATION DETAILS

Name :	SIEMENS COMPRESSOR SYSTEMS GMBH
Registered Office :	Klingenstr. 15 D 04229 Leipzig
Country :	Germany
Date of Incorporation :	03.11.2016
Com. Reg. No.:	HRB 33118
Legal Form :	Private Limited Company
Line of Business :	· Manufacturer of Other General-Purpose Machinery · Repair of Machinery · Wholesale of the other Equipment and accessories for machinery and Technical Supplies.
No. of Employees :	Not Available

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

SIEMENS COMPRESSOR SYSTEMS GMBH

Company Status: Active

Klingenstr. 15

D 04229 Leipzig

Telephone:0341/49920

Company Summary

LEGAL FORM Private limited company

Date of foundation: 03.11.2016

Shareholders'

agreement: 03.11.2016

Registered on: 28.11.2016

Commercial Register: Local court 04275 Leipzig

under: HRB 33118

Share capital

EUR 25,000.00

Shareholder:

Siemens Beteiligungen Inland GmbH

Wittelsbacherplatz 2

D 80333 München

Legal form: Private limited company

Share capital: EUR 1,212,000.00

Share: EUR 25,000.00

Registered on: 30.10.2001

Reg. data: 80333 München, HRB 139644

Control and profit transfer agreement

Manager:

Murat Aslandag

D 04229 Leipzig

born: 21.07.1982

Manager:

Pascal Litzenrath

D 04229 Leipzig

born: 14.12.1985

RESIGNED ACTING PERSONS AND SHAREHOLDERS

30.11.2016 - 07.03.2017 Manager

Peter Kastenmeier

D 82178 Puchheim

30.11.2016 - 07.03.2017 Manager

Carina Schätzl

D 85283 Wolnzach

BUSINESS ACTIVITIES

Sectors

28290 Manufacture of other general-purpose machinery

33120 Repair of machinery

46692 Wholesale of other machinery

46693 Wholesale of other equipment and accessories for machinery and technical supplies

FINANCIAL INFORMATION

Payment experience: within periods customary in this trade

Negative information: We have no negative information at hand.

REAL ESTATE

Type of ownership: Tenant

Address Klingenstr. 15

D 04229 Leipzig

Land register documents were not available.

BANKERS

A bank connection is unknown.

FINANCIAL FIGURES

Financial year: 28.11. - 31.12.

Share capital: EUR 25,000.00

The number of employees is not known.

Control and profit transfer agreement to:

Siemens Beteiligungen Inland GmbH

Wittelsbacherplatz 2

D 80333 München

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.50
UK Pound	1	INR 90.92
Euro	1	INR 79.07
EUR	1	INR 78.92

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

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NIT

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.