MIRA INFORM REPORT

Report No. :	501250
Report Date :	30.03.2018

IDENTIFICATION DETAILS

Name :	RENK AKTIENGESELLSCHAFT

Registered Office :	Gögginger Str. 73, D 86159 Augsburg, Post Box: 10 23 07, D 86013 Augsburg

Country :	Germany

Financials (as on) :	31.12.2016

Date of Incorporation :	1873

Com. Reg. No.:	HRB 6193

Legal Form :	Public limited company

Line of Business :	· Manufacture of bearings, gears, gearing and driving elements · Manufacture of other general-purpose machinery · Wholesale of other machinery

No. of Employees :	1,915

RATING & COMMENTS

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

MIRA’s Rating :

A+

Credit Rating	Explanation	Rating Comments
A+	Low Risk	Business dealings permissible with low 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 economic 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, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.

Source : CIA

Note

The subject of your inquiry is a branch. We are reporting on the headquarters.

Company name anda address

Report on: Renk Aktiengesellschaft

Company Status: active

Gögginger Str. 73

D 86159 Augsburg

Post Box:

10 23 07, D 86013 Augsburg

Telephone:0821/5700-0

Telefax: 0821/5700-460

Homepage: www.renk.de

E-mail: info@renk.biz

VAT no.: DE811155359

Tax ID number: 143/103/50002

CONCLUSION

Business relations are permissible.

Company summery

LEGAL FORM Public limited company

Date of foundation: 1873

Registered on: 30.03.1897

Commercial Register: Local court 86150 Augsburg

under: HRB 6193

Share capital: EUR 17,920,000.00

The company is listed on the stock market.

Shareholder:

Renk Aktiengesellschaft

Gögginger Str. 73

D 86159 Augsburg

Post Box:

10 23 07, D 86013 Augsburg

Legal form: Public limited company

Share capital: EUR 17,920,000.00

Share: 2.860 %

Registered on: 30.03.1897

Reg. data: 86150 Augsburg, HRB 6193

Shareholder:

MAN SE

Dachauer Str. 641

D 80995 München

Post Box:

40 13 47, D 80713 München

Legal form: European Company (SE)

Share capital: EUR 376,422,400.00

Share: 76.000 %

Registered on: 19.05.2009

Reg. data: 80333 München, HRB 179426

Member of the Board of Directors:

Florian Hofbauer

D 86899 Landsberg

born: 04.12.1960

Profession: Manager

Marital status: unknown

Member of the Board of Directors:

Christian Hammel

D 80331 München

born: 05.05.1972

President of the Supervisory Board:

Dr. Ingrun-Ulla Bartölke

D 38442 Wolfsburg

born: 12.10.1967

Vice-president of the Supervisory Board:

Roberto Armellini

Augsburger Str. 9 1/7

D 86157 Augsburg

born: 21.11.1975

Member of the Supervisory Board:

Michael Behrendt

D 20095 Hamburg

born: 19.06.1951 in Hamburg

Profession: Businessman

Marital status: unknown

Member of the Supervisory Board:

Hardy Brennecke

D 38304 Wolfenbüttel

born: 01.03.1974

Profession: secretary-general

Member of the Supervisory Board:

Joachim Drees

D 70184 Stuttgart

born: 20.11.1964 in Düsseldorf

Marital status: unknown

Member of the Supervisory Board:

Christiane Hesse

D 31515 Wunstorf

born: 30.09.1957

Member of the Supervisory Board:

Thorsten Jablonski

Mittel Feld 18

D 31241 Ilsede

born: 07.05.1969

Shareholder representative within the Supervisory Board:

Rainer Handschuh

Jakoberwallstr. 25

D 86153 Augsburg

Shareholder representative within the Supervisory Board:

Frank Hoffmann

D 86159 Augsburg

born: 27.05.1961

Shareholder representative within the Supervisory Board:

Herbert Surmann

D 48432 Rheine

Marital status: unknown

Shareholder representative within the Supervisory Board:

Walter Vogt

D 65346 Eltville

Marital status: unknown

Shareholder representative within the Supervisory Board:

Ingo Weidner

D 30952 Ronnenberg

Profession: Technical engineer

Marital status: unknown

Proxy:

Winfried Vogl

D 93152 Nittendorf