Greg; go to the home page for blade forums.com, and check on 'knowledge base.' There you will find Joe Talmadge's Steel FAQ's; you will find there a hyperlink going to the foreign steel comparison chart.
From this, you can see that the most likely answer is that this terminology is some corruption of the DIN system. In several of the alloys, the first numbers are the carbon content, so 50CrV4 would mean 0.50% C. The terminology gets really confusing when you start to get to the Cr, V, and other elements. Sometimes the 4 would mean 4%, of one of the components, and sometimes it would mean 0.4%.
If we assume the best, and the alloy has 0.5% C, 4% Cr, and 4%V, it would not be unlike M4 HSS, with the 5.5% W and 5.5% Mo deleted.
Why don't you ask the maker? Hope this helps, Walt