MIRA INFORM REPORT

Report No. :	352046
Report Date :	08.12.2015

IDENTIFICATION DETAILS

Name :	LUDWIG SCHNEIDER -DENKMALE UND STEINBAU AG

Registered Office :	Lorettoplatz 7 D 81377 München

Country :	Germany

Date of Incorporation :	22.12.1999

Legal Form :	Public limited company

Line of Business :	Cutting, shaping and finishing of stone

No. of Employee :	13

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 :	Slow but correct

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, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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, 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 5.2% in 2014. The new German government introduced a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in balance in 2014. 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 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 with renewable energy, which accounted for 27.8% of gross electricity consumption in 2014, 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. Extremely low inflation, caused largely by low global energy prices and a weak euro, are expected to boost German GDP growth in 2015.

Source : CIA

Company name and address

Ludwig Schneider -Denkmale und Steinbau AG

Lorettoplatz 7

D 81377 München

Telephone:089/711966

Telefax: 089/7147100

Homepage: www.l-schneider-ag.de

E-mail: info@l-schneider-ag.de

Company Status

Active

VAT no.

DE205370640

CONCLUSION

Business relations are permissible.

Company summery

LEGAL FORM Public limited company

Date of foundation: 22.12.1999

Registered on: 15.02.2000

Commercial Register: Local court 80333 München

under: HRB 129722

Share capital: EUR 200,000.00

Shareholder:

Ludwig Schneider

Lorettoplatz 7

D 81377 München

born: 20.01.1961

Share: 100.000 %

Member of the Board of Directors:

Ludwig Schneider

Lorettoplatz 7

D 81377 München

born: 20.01.1961

Profession: master stone sculptor

Marital status: married

Member of the Board of Directors:

Martin Ludwig Schneider

D 81545 München

having sole power of representation

born: 22.04.1987

President of the Supervisory Board:

Sebastian Kindl

D 81377 München

Profession: Tax adviser

Vice-president of the Supervisory Board:

Sabine Schneider

D 81377 München

Marital status: unknown

Member of the Supervisory Board:

Johann gen. Hans Brunnhuber

D 81377 München

Marital status: unknown

Further functions/participations of Ludwig Schneider (Member of

the Board of Directors)

Proprietor:

Vogtland Grabmale Ludwig Schneider

Adorfer Str. 10

D 08258 Markneukirchen

Legal form: Sole proprietorship dormant

Registered

on: 12.10.1992

Reg. data: 09112 Chemnitz, HRA 1015

Proprietor:

Ludwig J. Schneider Grabdenkmäler

Lorettoplatz 7

D 81377 München

Legal form: Sole proprietorship

Registered

on: 04.12.1967

Reg. data: 80333 München, HRA 46671

Shareholder:

Vogtland - Grabmale GmbH

Gewerbepark 6-8

D 08258 Markneukirchen

Legal form: Private limited company

Share capital: EUR 26,000.00

Share: EUR 12,740.00

Registered

on: 20.07.1994

Reg. data: 09112 Chemnitz, HRB 10339

Manager:

Vogtland - Grabmale GmbH

Gewerbepark 6-8

D 08258 Markneukirchen

Legal form: Private limited company

Share capital: EUR 26,000.00

Registered

on: 20.07.1994

Reg. data: 09112 Chemnitz, HRB 10339

COMPANY HISTORY

22.12.1999 - 14.02.2002 Ludwig Schneider-Grabmale und Steinbau

Lorettoplatz 7

D 81377 München

Public limited company

BUSINESS ACTIVITIES

Main industrial sector

23700 Cutting, shaping and finishing of stone n.e.c.

BRANCHES AND FACTORIES

Branch: