MIRA INFORM REPORT

Report Date :

06.06.2014

IDENTIFICATION DETAILS

Name :	EMIL LUX GMBH & CO. KG

Registered Office :	Emil-Lux-Str. 1 D 42929 Wermelskirchen Post Box: 16 10

Country :	Germany

Date of Incorporation :	06.08.1966

Legal Form :	Ltd partnership with priv. ltd. company

Line of Business :	Wholesale of agricultural machinery, equipment and supplies Wholesale of machine tools Wholes of metal and plastic goods for construction purposes

No. of Employees	250

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
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 – March 31, 2014

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Germany

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate 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 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 and address

EMIL LUX GMBH & CO. KG

Company Status: active

Emil-Lux-Str. 1

D 42929 Wermelskirchen

Post Box:

16 10

Telephone:02196/76-4000

Telefax: 02196/76-4002

Homepage: www.lux-tools.com

E-mail: info@lux-tools.de

VAT no.: DE123711881

CONCLUSION

Business relations are permissible.

Company summary

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

Date of foundation: 01.03.1919

Registered on: 06.08.1966

companies: Local court 50939 Köln

under: HRA 15868

Total cap. contribution: EUR 22,496.84

Limited partner:

Lux Werkzeuge Gesellschaft mit beschränker

Haftung

Emil-Lux-Str. 1

D 42929 Wermelskirchen

Legal form: Private limited company

Share capital: EUR 27,609.76

Share: EUR 22,496.84

Registered on: 28.05.1969

Reg. data: 50939 Köln, HRB 36228

General partner:

OBI Global Sourcing GmbH

Albert-Einstein-Str. 7-9

D 42929 Wermelskirchen

Legal form: Private limited company

Share capital: EUR 25,000.00

Registered on: 11.09.2012

Reg. data: 50939 Köln, HRB 76447

Shareholder:

OBI Group Holding SE & Co. KGaA

Albert-Einstein-Str. 7-9

D 42929 Wermelskirchen

Legal form: Partnership limited by shares

Share capital: EUR 100,000,000.00

Share: EUR 25,000.00

Registered on: 12.07.2012

Reg. data: 50939 Köln, HRB 75958

Manager:

Markus Vieler

D 45468 Mülheim

having sole power of representation

born: 30.03.1970

Profession: Businessman

Manager:

Johannes Jähn

D 06886 Lutherstadt Wittenberg

born: 02.05.1977

Proxy:

Hermann Josef Kessel

D 41460 Neuss