MIRA INFORM REPORT

Report Date :

09.10.2014

IDENTIFICATION DETAILS

Name :	SILTRONIC AG

Registered Office :	Hanns-Seidel-Platz 4, D 81737 München

Country :	Germany

Date of Incorporation :	30.01.1995

Com. Reg. No.:	HRB 150884

Legal Form :	Public Limited Company

Line of Business :	Manufacture of Electronic Components

No. of Employees :	3,978

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 – June 1, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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

Comapny Name and Address

Siltronic AG

Company Status: active

Hanns-Seidel-Platz 4

D 81737 München

Telephone:089/8564-3000

Telefax: 089/8564-3219

Homepage: www.siltronic.com

E-mail: info@siltronic.com

VAT no.

DE177563163

CONCLUSION

Business relations are permissible.

Comapny Summary

LEGAL FORM Public limited company

Date of foundation: 30.01.1995

Registered on: 22.01.2004

Commercial Register: Local court 80333 München

under: HRB 150884

Share capital

EUR 100,000,000.00

Shareholder

Wacker Chemie AG

Hanns-Seidel-Platz 4

D 81737 München

Legal form: Public limited company

Share capital: EUR 260,763,000.00

Share: 10.000 %

Registered on: 23.11.2005

Reg. data: 80333 München, HRB 159705

Shareholder:

Wacker-Chemie Dritte Venture Gesellschaft

mit beschränkter Haftung

Hanns-Seidel-Platz 4

D 81737 München

Legal form: Private limited company

Share capital: EUR 50,000.00

Share: 90.000 %

Registered on: 20.05.1999

Reg. data: 80333 München, HRB 125702

Control and profit transfer agreement

President of the Board of Directors:

Dr. Christoph Freiherr von Plotho

Auweg 17

D 87448 Waltenhofen

born: 16.10.1955

Member of the Board of Directors:

Rainer Irle

D 85579 Neubiberg

born: 17.03.1970 in Bergneustadt

Marital status: married

President of the Supervisory Board:

Dr. Joachim Rauhut

D 80331 München

Vice-president of the Supervisory Board:

Walter Ortner

D 84359 Simbach

Member of the Supervisory Board:

Dr. Franz Paul Bernhard Richter

Elsterstr. 23

D 82223 Eichenau

born: 22.07.1955

Profession: Fully qualified physicist

Marital status: married

Member of the Supervisory Board:

Dr. Hermann Gerlinger

D 73447 Oberkochen

born: 24.08.1953

Marital status: unknown

Member of the Supervisory Board:

Dr. Tobias Ohler

D 80333 München

born: 25.01.1971 in Saarbrücken

Member of the Supervisory Board:

Auguste Willems

D 81737 München

born: 26.02.1959 in Tongeren / Belgien

Nationality: Belgian

Member of the Supervisory Board:

Dr. Tobias Brandis

Bezoldstr. 3

D 81545 München

born: 13.02.1971

Member of the Supervisory Board:

Gertraud Lauber

D 31848 Bad Münder

Marital status: unknown

Representative of the Employees within the Supervisory Board:

Karin Gottschalk

D 79098 Freiburg

Representative of the Employees within the Supervisory Board:

Johann Hautz

D 84371 Triftern

Representative of the Employees within the Supervisory Board:

Maximilian Baumgartner

D 84533 Marktl

Marital status: unknown

Representative of the Employees within the Supervisory Board:

Harald Sikorski

D 81737 München

Proxy:

Frank Reinhardt

D 81737 München