MIRA INFORM REPORT

Report No. :	507912
Report Date :	05.05.2018

IDENTIFICATION DETAILS

Name :	POLLMEIER MASSIVHOLZ GMBH & CO.KG
Registered Office :	Pferdsdorfer Weg 6D 99831 Creuzburg
Country :	Germany
Date of Incorporation :	24.08.2005
Com. Reg. No.:	HRA 401428
Legal Form :	Ltd partnership with priv. ltd. company as general partner
Line of Business :	· Wholesale of raw and cut wood · Management of holding companies
No. of Employees :	400

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 (30.09.2017)	Current Rating (31.12.2017)
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 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

POLLMEIER MASSIVHOLZ GMBH & CO.KG

Pferdsdorfer Weg 6

D 99831 Creuzburg

Telephone: 036926/945-0

Telefax: 036926/945-91101

Homepage: www.pollmeier.com

E-mail: info@pollmeier.com

Company Status: Active

VAT no.

DE814462426

Company Summery

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

Date of foundation: 24.08.2005

Begin of business

activities: 01.09.2005

Registered on: 01.09.2005

Register of

companies: Local court 07745 Jena

under: HRA 401428

Total cap. contribution

EUR 20,000,000.00

Limited partner:

Pollmeier Finanz GmbH

Pferdsdorfer Weg 6

D 99831 Creuzburg

Legal form: Private limited company

Share capital: EUR 28,500,000.00

Share: EUR 20,000,000.00

Registered on: 07.02.2000

Reg. data: 07745 Jena, HRB 404956

General partner:

Pollmeier Massivholz Verwaltungs GmbH

Pferdsdorfer Weg 6

D 99831 Creuzburg

Legal form: Private limited company

Share capital: EUR 25,000.00

Registered on: 29.12.2006

Reg. data: 07745 Jena, HRB 501018

Shareholder:

Pollmeier Finanz GmbH

Pferdsdorfer Weg 6

D 99831 Creuzburg

Legal form: Private limited company

Share capital: EUR 28,500,000.00

Share: EUR 25,000.00

Registered on: 07.02.2000

Reg. data: 07745 Jena, HRB 404956

Manager:

Ralf Pollmeier

D 33397 Rietberg

having sole power of representation

born: 14.03.1962

Profession: Businessman

Manager:

Doris Tegelkamp

Delbrücker Str. 13

D 33397 Rietberg

having sole power of representation

born: 14.03.1962

née: Pollmeier

General partner:

Pollmeier Heimsheim Verwaltungs GmbH

Schloßhof 5

D 71296 Heimsheim

Legal form: Private limited company

Share capital: EUR 25,000.00

Registered on: 13.10.2005

Reg. data: 68159 Mannheim, HRB 511794

Shareholder:

Pollmeier Finanz GmbH

Pferdsdorfer Weg 6

D 99831 Creuzburg

Legal form: Private limited company

Share capital: EUR 28,500,000.00

Share: EUR 25,000.00

Registered on: 07.02.2000

Reg. data: 07745 Jena, HRB 404956

Manager:

Ralf Pollmeier

D 33397 Rietberg

having sole power of representation

born: 14.03.1962

Profession: Businessman

Manager:

Doris Tegelkamp

Delbrücker Str. 13

D 33397 Rietberg

born: 14.03.1962

née: Pollmeier

BUSINESS ACTIVITIES

Main industrial sector

46732 Wholesale of raw and cut wood

Secondary industrial sector

70101 Management of holding companies

BRANCHES AND FACTORIES

Branch:

Pollmeier Massivholz GmbH & Co.KG

Fischergasse 10

D 07743 Jena

PARTICIPATIONS

Shareholder:

Pollmeier Furnierwerkstoffe GmbH

Pferdsdorfer Weg 6

D 99831 Creuzburg

Legal form: Private limited company

Company Status: active

Share capital: EUR 1,000,000.00

Share: EUR 999,900.00

Reg. data: 20.09.2013

Local court 07745 Jena

HRB 509505

FINANCIAL INFORMATION

Payment experience: No Complaints

Negative information: We have no negative information at hand.

REAL ESTATE

Type of ownership: Tenant

Address Pferdsdorfer Weg 6

D 99831 Creuzburg

Type of ownership: Tenant

Address Fischergasse 10

D 07743 Jena

Real Estate of: Pollmeier Massivholz Verwaltungs GmbH

Type of ownership: Tenant

Address Pferdsdorfer Weg 6

D 99831 Creuzburg

Real Estate of: Pollmeier Heimsheim Verwaltungs GmbH

Type of ownership: Tenant

Address Schloßhof 5

D 71296 Heimsheim

Land register documents were not available.

BANKERS

Principal bank

COMMERZBANK, 99801 EISENACH

Sort. code: 82040000

BIC: COBADEFFXXX

Further banks

COMMERZBANK, 99104 ERFURT

Sort. code: 82040000

BIC: COBADEFFXXX

DEUTSCHE BANK, 99804 EISENACH

Sort. code: 82070000

BIC: DEUTDE8EXXX

FINANCIAL FIGURES

Financial year: 01.01. - 31.12.

Turnover: 2015 *EUR 84,000,000.00

2016 *EUR 84,000,000.00

further business figures:

Equipment: *EUR 4,400,000.00

Ac/ts receivable: *EUR 3,200,000.00

Liabilities: *EUR 5,600,000.00

Employees: 400

The business figures marked with an asterisk are estimates based on average values in the line of business.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.77
UK Pound	1	INR 90.58
Euro	1	INR 79.97
Euro	1	INR 80.03

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

INFORMATION DETAILS

Analysis Done by :	NIS
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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