MIRA INFORM REPORT

Report No. :	306969
Report Date :	10.02.2015

IDENTIFICATION DETAILS

Name :	VACUUMSCHMELZE GMBH & CO. KG

Registered Office :	Grüner Weg 37, D 63450 Hanau, Post Box: 22 53, D 63412 Hanau

Country :	Germany

Financials (as on) :	31.12.2013

Date of Incorporation :	14.04.1966

Legal Form :	Limited Partnership with Private Limited Company as General Partner.

Line of Business :	Manufacture of other chemical products Manufacture of basic iron, steel and ferro-alloys

No. of Employee :	1,456

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 – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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 and address

VACUUMSCHMELZE GMBH & CO. KG

Company Status: active

Grüner Weg 37

D 63450 Hanau

Post Box:

22 53, D 63412 Hanau

Telephone:06181/380

Telefax: 06181/382645

Homepage: www.vacuumschmelze.de

E-mail: info@vacuumschmelze.com

VAT no.: DE811148525

Tax ID number: 022 377 00171

CONCLUSION

Business relations are permissible.

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

Date of foundation: 14.04.1966

Registered on: 26.07.2000

under: HRA 5479

Total cap. contribution: EUR 9.20

Limited partner

VAC Participation GmbH

Grüner Weg 37

D 63450 Hanau

Legal form: Private limited company

Share capital: EUR 25,000.00

Share: EUR 9.20

Registered on: 26.04.2012

Reg. data: 63450 Hanau, HRB 94011

General partner

VAC Finanzierung GmbH

Grüner Weg 37

D 63450 Hanau

Legal form: Private limited company

Share capital: EUR 130,850.00

Registered on: 23.03.2006

Reg. data: 63450 Hanau, HRB 91707

Shareholder

VAC Germany GmbH

Grüner Weg 37

D 63450 Hanau

Legal form: Private limited company

Share capital: EUR 1,222,000.00

Share: EUR 130,850.00

Registered on: 11.04.2006

Reg. data: 63450 Hanau, HRB 91729

Control and profit transfer agreement

Manager

Richard Boulter

D 53639 Königswinter

born: 09.11.1966

Valerie Gentile Sachs

USA Pepper Pike

having sole power of representation

born: 04.08.1955

Nationality: USA

David B. Knowles

USA Cincinnati / Ohio

having sole power of representation

born: 06.01.1961

Nationality: USA

Proxy

Dr. Ulrich Pütz

D 63755 Alzenau