3decades

MIRA INFORM REPORT

Report No. :	493563
Report Date :	27.02.2018

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) :	31.12.2016

Date of Incorporation :	14.04.1966

Com. Reg. No.:	HRA 5479

Legal Form :	Limittd partnership with private limited company as general partner

Line of Business :	· Manufacture of other chemical products n.e.c. · Manufacture of basic iron, steel and ferro-alloys

No. of Employees :	1,462

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Good

Payment Behaviour :	Regular

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Germany

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately 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 a large increase in 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. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.

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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, 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. Domestic consumption, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2018.

Source : CIA

Company name and address

Report on: 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.

Company summary

Legal Form Ltd partnership with priv. ltd. company as general partner

Date of foundation: 14.04.1966

Registered on: 26.07.2000

companies: Local court 63450 Hanau

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:

Dr. Reiner Eugen Beutel

Lindenstr. 23

D 71634 Ludwigsburg

born: 30.06.1959

Profession: Businessman

Manager:

Dr. Erik Eschen

D 65033 Wiesbaden

born: 10.11.1971

Manager:

James Voss

USA Clayton

having sole power of representation

born: 04.08.1966

Nationality: USA

Manager:

Edward Yocum

USA Chadds Ford, Pennsylvania

having sole power of representation

born: 02.08.1965

Nationality: USA

Proxy:

Dr. Wolfgang Runge

D 65824 Schwalbach