MIRA INFORM REPORT

Report Date :

31.12.2014

IDENTIFICATION DETAILS

Name :	REINZ-DICHTUNGS-GMBH

Registered Office :	Reinzstr. 3-7, D 89233 Neu-Ulm Post Box: 19 09, D 89209 Neu-Ulm

Country :	Germany

Financials (as on) :	31.12.2013

Date of Incorporation :	19.08.2003

Legal Form :	Private limited company

Line of Business :	· Manufacture of other parts and accessories for motor vehicles · Wholesale trade in motor vehicle parts and accessories

No. of Employee :	1079

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

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 – September 30, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Germany

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	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 declining 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, has 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 - and its decrease to 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 2012 Germany reached a budget surplus of 0.1%. 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. 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 hopes to replace nuclear power with renewable energy. 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.

Source : CIA

Company name & address

REINZ-Dichtungs-GmbH

Reinzstr. 3-7

D 89233 Neu-Ulm

Post Box:

19 09, D 89209 Neu-Ulm

Telephone:0731/70460

Telefax: 0731/719089

Homepage: www.reinz.de

E-mail: reinz.info@dana.com

Company Status

Active

VAT no

DE204253680

Company status

LEGAL FORM Private limited company

Date of foundation: 1947

Shareholders'

agreement: 07.08.2003

Registered on: 19.08.2003

Commercial Register: Local court 87700 Memmingen

under: HRB 11896

Share capital: EUR 5,270,000.00

Shareholder:

Dana Holding GmbH

Reinzstr. 3-7

D 89233 Neu-Ulm

Legal form: Private limited company

Share capital: EUR 2,050,500.00

Share: EUR 4,995,500.00

Registered on: 16.11.1999

Reg. data: 87700 Memmingen, HRB 10739

Control and profit transfer agreement

Shareholder:

DANA Corporation

USA Toledo, Ohio

Legal form: Other legal form

Share: EUR 270,000.00

Shareholder:

DANA GmbH

Reinzstr. 3-7

D 89233 Neu-Ulm

Legal form: Private limited company

Share capital: EUR 7,669,378.22

Share: EUR 4,500.00

Registered on: 14.08.1996

Reg. data: 87700 Memmingen, HRB 7490

Manager:

Eric Jacq

D 89233 Neu-Ulm

having sole power of representation

born: 01.09.1960

Manager:

Dan Constantin Stefanoiu

CH Oberägeri

born: 06.05.1962

Nationality: Swiss

Proxy:

Martin Federolf

Schantinistr. 7

D 89233 Neu-Ulm