MIRA INFORM REPORT

Report No. :	498126
Report Date :	19.03.2018

IDENTIFICATION DETAILS

Name :	GEA WIEGAND GMBH
Registered Office :	Am Hardtwald 1, D 76275 Ettlingen
Country :	Germany
Date of Incorporation :	01.01.1900
Com. Reg. No.:	HRB 360206
Legal Form :	Private Limited Company
Line of Business :	· Manufacture of machinery for food, beverage and tobacco processing · Buying and selling of own commercial property and non-residential buildings
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 :	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 (30.09.2017)	Current Rating (31.12.2017)
Germany	A2	A2

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

GEA WIEGAND GMBH

Company Status: active

Am Hardtwald 1

D 76275 Ettlingen

Telephone:07243/705-0

Telefax: 07243/705-330

Homepage: www.gea-wiegand.de

E-mail: info@gea-wiegand.de

VAT no.

DE811154462

Company summary

LEGAL FORM Private limited company

Date of foundation: 1900

Registered on: 01.01.1900

Commercial Register: Local court 68159 Mannheim

under: HRB 360206

Share capital

EUR 3,835,000.00

Shareholder:

GEA Group Aktiengesellschaft

Peter-Müller-Str. 12

D 40468 Düsseldorf

Legal form: Public limited company

Share capital: EUR 520,375,765.57

Share: EUR 3,835,000.00

Registered on: 25.05.2011

Reg. data: 40227 Düsseldorf, HRB 65691

Control and profit transfer agreement

Manager:

Dr. Christopher Braun

D 76275 Ettlingen

born: 15.01.1957

Manager:

Gunther Höpfinger

Koblenzer Str. 6a

D 76199 Karlsruhe

born: 24.02.1958

Profession: Employee

Marital status: married

Proxy:

Dr. Alberto Riatti

Annette-von-Droste-Hülshoff-

Weg 6a

D 76275 Ettlingen

authorized to jointly represent the company

born: 26.06.1954

Profession: Engineer

Marital status: married

Proxy:

Frank Börner

D 76456 Kuppenheim

authorized to jointly represent the company

born: 30.04.1969

Further functions/participations of Dr. Christopher Braun

(Manager)

Manager:

GEA Segment Management Holding GmbH

Peter-Müller-Str. 12

D 40468 Düsseldorf

Legal form: Private limited company

Share capital: EUR 26,100.00

Registered

on: 14.06.2011

Reg. data: 40227 Düsseldorf, HRB 65800

Further functions/participations of Gunther Höpfinger (Manager)

Manager:

GEA Segment Management Holding GmbH

Peter-Müller-Str. 12

D 40468 Düsseldorf

Legal form: Private limited company

Share capital: EUR 26,100.00

Registered

on: 14.06.2011

Reg. data: 40227 Düsseldorf, HRB 65800

COMPANY HISTORY

Company name and legal form

01.01.1900 - 05.05.2011 GEA Wiegand GmbH

Einsteinstr. 9-15

D 76275 Ettlingen

Private limited company

BUSINESS ACTIVITIES

Sectors

28930 Manufacture of machinery for food, beverage and tobacco processing

68102 Buying and selling of own commercial property and non-residential buildings

BRANCHES AND FACTORIES

Branch:

GEA Wiegand GmbH

Zementstr. 116

D 59269 Beckum

TEL.: 02521/84030

FAX.: 02521/840310

Branch:

GEA Wiegand GmbH

Schorlemmerstr. 8

D 04155 Leipzig

TEL.: 0341-5640420

FAX.: 0341-5640430

PARTICIPATIONS

Shareholder:

GEA Messo GmbH

Friedrich-Ebert-Str. 134

D 47229 Duisburg

Legal form: Private limited company

Company Status: active

Share capital: EUR 25,500.00

Share: EUR 25,500.00

Reg. data: 07.12.2004

Local court 47051 Duisburg

HRB 17346

FINANCIAL INFORMATION

Payment experience: Cash discount/within agreed terms

Negative information: We have no negative information at hand.

REAL ESTATE

Type of ownership: Proprietor

Share: 100.00 %

Address Zementstr. 116

D 59269 Beckum

Type of ownership: Tenant

Address Am Hardtwald 1

D 76275 Ettlingen

Land register documents were not available.

BANKERS

Principal bank

DEUTSCHE BANK, 76125 KARLSRUHE

Sort. code: 66070004, Account no.: 79487500

BIC: DEUTDESM660, IBAN: DE91660700040079487500

Further banks

COMMERZBANK, 76007 KARLSRUHE

Sort. code: 66040018, Account no.: 4639555

BIC: COBADEFFXXX, IBAN: DE26660400180463955500

COMMERZBANK VORMALS DRESDNER BANK, 76009 KARLSRUHE

Sort. code: 66080052

BIC: DRESDEFF660

FINANCIAL FIGURES

Financial year: 31.08. - 30.08.

Share capital: EUR 3,835,000.00

The number of employees is not known.

Control and profit transfer agreement to:

GEA Group Aktiengesellschaft

Peter-Müller-Str. 12

D 40468 Düsseldorf

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.87
UK Pound	1	INR 90.49
Euro	1	INR 79.91
EUR	1	INR 79.80

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

INFORMATION DETAILS

Analysis Done by :	VIV
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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