MIRA INFORM REPORT

Report Date :

15.04.2011

IDENTIFICATION DETAILS

Name :	COMPRESSOR CONTROLS CORPORATION (CCC)

Registered Office :	4725 121st Street, Des Moines, Iowa, 50323-2316

Country :	United States

Date of Incorporation :	05.02.1986

Legal Form :	Corporation for Profit

Line of Business :	Provider of control solutions for turbo machinery

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 500,000
Status :	Satisfactory
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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

United States

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

GEOPOLITICS - UNITED STATES

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal

Economic Risk: Nil

Currency: USD

Branch Situation: Stable

IDENTIFICATION

Ordered as:	Compressor Controls Corporation
Address in the order:	4725 121ST Street Des Moines IA 50323 2316 USA
Legal Name:	COMPRESSOR CONTROLS CORPORATION (CCC)
Trade Name:	CCC
Legal Address	4725 121st Street, Des Moines, Iowa, 50323-2316, USA.
Operative Address	4725 121st Street, Des Moines, Iowa, 50323-2316, USA.
Telephone:	+1 (515) 270-0857	ID :	106896
Fax:	+1 (515) 270-1331	Legal Form:	Corporation for Profit
Email:	info@cccglobal.com	Registered in:	Iowa
Website:	www.cccglobal.com	Date Created:	1974
Manager:	Paul Fischer, President	Date Incorporated:	February 05, 1986
Staff:	230	Stock:	NA
		Value:	NA
Activity:	Provider of control solutions for turbo machinery

BANKS

Name of the Bank	BANK OF THE SOUTH
Name of the Bank	J P Morgan Chase Bank
Name of the Bank	Nations Bank

BUSINESS

HISTORY
	The company was created in the year 1974.
PRINCIPAL ACTIVITY
	The company provides solutions for the oil and gas, petrochemical, process chemical, steel and power generation industries. It provides control systems for centrifugal and axial compressors and generators, and gas and steam turbines.
Products/Services description:
	Antisurge Performance Extraction Dual-loop Steam Turbine Gas Turbine Utility Turbine Expander Fuel Control Speed Control Surge Detector
Sales are:
	Wholesale
Brands:
	Vantage®GDX Guardian® Air Miser®
Clients:
	Various industries
Operations area:
	National, Local
The company imports from Worldwide
The company does not export
PAYMENTS
	regular
LOCATION
Headquarters
	The company is headquartered at 4725 121st Street, Des Moines, Iowa, 50323-2316, USA.
The property is:
	Owned
Branches:
	There were no branched found for this company.

Shareholders - Manager - Related Companies

Shareholders Parent Company(ies):
	This is a private company. It is subsidiary of: Roper Industries, Inc (NYS:"ROP") 6901 Prof Pkwy E Ste 200, Sarasota, FL 34240-8473 USA Phone: (941) 556-2601
Management:
	Paul Fischer, President Steve Thompson, Vicepresident CHRIS KRIEPS, Member Kamel Ghenimi, Director
Related Companies:
	The company also has different location worldwide: CCC - Netherlands Compressor Controls Corporation BV PO Box 134 1160 AC Zwanenburg The Netherlands CCC - Russia Moscow 121151 PO Box 375 CCC - Saudi Arabia PO Box 718 Dammam, 31421, Saudi Arabia CCC - U.A.E. PO Box 109174 Abu Dhabi, U.A.E.

Financials - COMMERCIAL TRENDS AND FORECAST

As a private company the subject does not publish any financial statements.

We have contacted Carla Williams, who confirmed just the company's address but refused to provide any financial information on grounds of confidentiality.

Currency	DATE
USD	2010(Consolidated from mother company)
Turnover	2,386,112,000
Operating Income	514,294,000
Net Income	322,580,000
Current Assets	998,091,000
Net worth	2,750,907,000
The cash flow is	Normal

Currency	DATE
USD	2009
Turnover	2,049,668,000
Operating Income	395,396,000
Net Income	239,481,000
Current Assets	870,745,000
Fixed Assets	3,456,691,000
Net worth	2,421,490,000
Bank liabilities	1,153,758,000
The cash flow is	NORMAL

Legal Fillings

There are 20 UCC files listed with the Secretary of State of Iowa.

There are no legal filings listed with the District Court.

THE COMPANY IS NOT LISTED ON THE OFAC LIST.*

For information:

* The Specially Designated Nationals (SDN) List is a publication of OFAC which lists individuals and organizations with whom United States citizens and permanent residents are prohibited from doing business.

** The Uniform Commercial Code (UCC) is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America.

The UCC deals primarily with transactions involving personal property (movable property), not real property (immovable property).

It allows a creditor to notify other creditors about a debtor’s assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.

The Uniform Commercial Code Bureau files and maintains on financial obligations (including IRS liens) incurred by individuals (in business as a sole proprietor), business entities and corporations.

Rating

Local credit bureau gave a correct credit rate.

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

Final Opinion

This company has been in business for 37 years. It has a staff of 230 employees which makes it a medium sized company.

There were no legal filings found against the company or its legal representatives.

We've contacted the company, but the representative refused to provide us any financial information.

Although there was no financial information found for this company, we gathered the financial information from its mother company that trades at the stock exchange NYSE.

The company gave a correct profitability.

Therefore a credit line may be considered for USD 500,000

SUMMARY

FINANCIAL SUMMARY		DEBT COLLECTIONS AND PAYMENTS
Profitability	CORRECT	Public Records	NO
Indebtedness	CONTROLLED	Payments	REGULAR
Cash	N.A.

APPENDIX

Person Interviewed
	Carla Williams
Position
	Accountant
Comments
	She confirmed just the company's address but refused to provide any financial information on grounds of confidentiality.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.48
UK Pound	1	Rs.72.37
Euro	1	Rs.64.42

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.