3decades

MIRA INFORM REPORT

Report No. :	495909
Report Date :	08.03.2018

IDENTIFICATION DETAILS

Name :	STAEDTLER + UHL KG

Registered Office :	Nördliche Ringstr. 12, D 91126 Schwabach, Post Box:21 60, D 91111 Schwabach

Country :	Germany

Date of Incorporation :	1783

Com. Reg. No.:	HRA 4379

Legal Form :	Limited partnership

Line of Business :	Manufacture of machinery for textile, apparel and leather production

No. of Employees :	100

RATING & COMMENTS

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

MIRA’s Rating :

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

(30.09.2017)

Current Rating

(31.12.2017)

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 economic 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, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.

Source : CIA

Company name and address

Staedtler + Uhl KG

Company Status: active

Nördliche Ringstr. 12

D 91126 Schwabach

Post Box:

21 60, D 91111 Schwabach

Telephone:09122/186-0

Telefax: 09122/186-28

Homepage: www.staedtleruhl.com

E-mail: staedtler@staedtleruhl.com

VAT no.: DE133786036

Company summery

LEGAL FORM Limited partnership

Date of foundation: 1783

Registered on: 23.05.1906

companies: Local court 90402 Nürnberg

under: HRA 4379

Total cap. contribution: EUR 309,785.63

Limited partner:

Stefan Raab

D 91154 Roth

born: 27.10.1958

Share: EUR 216,900.95

Limited partner:

Udo Kühne

D 72172 Sulz

born: 04.06.1961

Share: EUR 92,884.68

General partner:

Staedtler Management GmbH

Nördliche Ringstr. 12

D 91126 Schwabach

Legal form: Private limited company

Share capital: EUR 25,000.00

Registered on: 29.01.2003

Reg. data: 90402 Nürnberg, HRB 19850

Shareholder:

Stefan Raab

D 91154 Roth

born: 27.10.1958

Share: EUR 12,450.00

Shareholder:

Alexander Raab

D 91126 Schwabach

born: 24.03.1986

Share: EUR 8,400.00

Shareholder:

Udo Kühne

D 72172 Sulz

born: 04.06.1961

Share: EUR 4,150.00

Manager:

Stefan Raab

D 91154 Roth

having sole power of representation

born: 27.10.1958

Profession: Tax consultant assistant

Marital status: divorced

General partner:

Alexander Raab

D 91126 Schwabach

born: 24.03.1986

Proxy:

Stefan Raab

D 91154 Roth

having sole power of representation

born: 27.10.1958

Profession: Tax consultant assistant

Marital status: divorced

Proxy:

Norbert Galsterer

D 90574 Roßtal

having sole power of representation

born: 08.07.1970

Further functions/participations of Staedtler Management GmbH

(General partner)

General partner:

Staedtler GmbH & Co. KG

Nördliche Ringstr. 12

D 91126 Schwabach

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap. EUR 231,785.63

contribution:

Registered

on: 22.01.2008

Reg. data: 90402 Nürnberg, HRA 14792

Further functions/participations of Alexander Raab (General

partner)

General partner:

Staedtler GmbH & Co. KG

Nördliche Ringstr. 12

D 91126 Schwabach

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap. EUR 231,785.63

contribution:

Registered

on: 22.01.2008

Reg. data: 90402 Nürnberg, HRA 14792

Shareholder:

Staedtler Management GmbH

Nördliche Ringstr. 12

D 91126 Schwabach

Legal form: Private limited company

Share capital: EUR 25,000.00

Share: EUR 8,400.00

Registered

on: 29.01.2003

Reg. data: 90402 Nürnberg, HRB 19850

COMPANY HISTORY

company name and legal form

23.05.1906 - 11.08.2010 Staedtler & Uhl

Nördliche Ringstr. 12

D 91126 Schwabach

Ltd partnership with priv. ltd. company

as general partner

BUSINESS ACTIVITIES

Main industrial sector

2894 Manufacture of machinery for textile, apparel and leather production

BRANCHES AND FACTORIES

Works:

Staedtler + Uhl KG

Liebigstr. 5

D 91126 Schwabach

FINANCIAL INFORMATION

Payment experience: No Complaints

Negative information:We have no negative information at hand.

REAL ESTATE

Type of ownership: proprietor

Share: 100.00 %

Address Nördliche Ringstr. 12

D 91126 Schwabach

Value at selling price: EUR 6,000,000.00

Real Estate of: Staedtler Management GmbH

Type of ownership: Tenant

Address Nördliche Ringstr. 12

D 91126 Schwabach

Land register documents were not available.

BANKERS

COMMERZBANK, 91103 SCHWABACH

Sort. code: 76040061

BIC: COBADEFFXXX

COMMERZBANK VORMALS DRESDNER BANK, 91103 SCHWABACH

Sort. code: 76080040

BIC: DRESDEFF760

SPARKASSE MITTELFRANKEN-SÜD, 91154 ROTH

Sort. code: 76450000

BIC: BYLADEM1SRS

DEUTSCHE BANK, 91103 SCHWABACH

Sort. code: 76070012

BIC: DEUTDEMM760

RAIFFEISENBANK ROTH-SCHWABACH, 91154 ROTH

Sort. code: 76460015

BIC: GENODEF1SWR

UNICREDIT BANK - HYPOVEREINSBANK, 91126 SCHWABACH

Sort. code: 76420080

BIC: HYVEDEMM065

POSTBANK, 90322 NÜRNBERG

Sort. code: 76010085

BIC: PBNKDEFFXXX

FINANCIAL FIGURES

Financial year: 01.01. - 31.12.

Employees: 100

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.96
UK Pound	1	INR 90.34
Euro	1	INR 80.75
Euro	1	INR 80.69

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

INFORMATION DETAILS

Analysis Done by :	NIS

Report Prepared by :	KET

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)

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.

MIRA INFORM REPORT

Company name and address

Company summery

COMPANY HISTORY

BUSINESS ACTIVITIES

BRANCHES AND FACTORIES

FINANCIAL INFORMATION

REAL ESTATE

BANKERS

FINANCIAL FIGURES

Unit