MIRA INFORM REPORT

Report Date :

09.06.2011

IDENTIFICATION DETAILS

Name :	CFM INTERNATIONAL
Registered Office :	2 BD DU Gal Martial Valin, 75015 Paris 15
Country :	France
Financials (as on) :	31.12.2009
Date of Incorporation :	November 1974
Com. Reg. No.:	30252770000041
Legal Form :	Public limited company with board of directors
Line of Business :	Wholesale (business to business) supply and various equipments industrials

RATING & COMMENTS

MIRA’s Rating :

A

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	Euro 750,000
Status :	Good
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 – March 31^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
France	A1	A1

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

Company Summary

company details

Company Number

30252770000041

Name

CFM INTERNATIONAL

Activity(APE)

Wholesale (business to business) supply and various equipments industrials

Share capital

60,000

Registration Court

Paris (75)

Legal form

Public limited company with board of directors

Court Registry Number

19 7 4B069

Incorporation Date

11/1974

Formation Date

01/1974

Deregistration Date

Last account Date

31/12/2009

Nationality

France

Establishment details

Postal Address

2 BD DU GAL MARTIAL VALIN,
75015 PARIS 15,

Trading Address

2 BD DU GAL MARTIAL VALIN,
75015 PARIS 15,

Telephone

Fax

Type

Head office (one site company)

Status

Economically active

Formation Date

01/1974

Reason for formation

Other

Closure Date

Reason for closure

Reactivation Date

Production Role

Activity Nature

Activity Location

Location surface

Seasonality

Department

Paris(75)

Region

Ile-de-France

District

1

Area

99

City

PARIS 15

Size of urban area

Paris conglomeration

Other establishments

Branches

1 branch entities in this company

Company number	30252770000041	Company name	CFM INTERNATIONAL
Type	Head office (one site company)	Activityape	Commerce de gros (commerce interentreprises) de fournitures et équipementsindustriels divers
Post Code	75015	City	PARIS 15

Regionality

Legal unit with all establishments in same area

Mono-activity status

Legal unit having all establishments with the same main activity

Workforces

Workforce at address

0 employee

Company workforce

0 employee

Rating and Limit

Credit Information

Credit Limit

750,000

Synthesized Accounts

Period
Annual Return	31/12/2009	31/12/2008	31/12/2007
Account period (month)	12	12	12
Account Type	Normal Account	Normal Account	Normal Account
Currency	Euro	Euro	Euro
Active account
Capital not called
Total fixed assets	836,596	254,782	269,542
- Intangible assets
- Tangible assets	342,455	239,677	264,233
- Financial assets	494,141	15,105	5,309
Net current assets	249,622,588	228,152,205	295,999,567
- Stocks		3,564,618
- Advanced payments	NaN	NaN	NaN
- Receivables	212,643,188	181,167,445	208,981,667
- Securities and cash	16,347,897	9,827,911	17,930,248
- Prepaid expenses
Account regularization	6,756	37,612	207,486
Total Assets	250,465,940	228,444,599	296,476,595
Passive Account
Shareholder equity	2,330,321	1,869,960	3,094,760
- of which share capital	60,000	60,000	60,000
Other capital resources
Provisions for risks & charges	6,756	37,612	207,486
Liabilities	248,128,863	226,537,027	293,174,349
- Financial liabilities	1,982	2,497	752
- Advanced payments received	24,397,732	33,528,592	69,283,337
- Trade account payables	146,945,940	144,197,799	184,346,860
- Tax and social liabilities	41,151	64,713	253,341
- Other debts and fixed assets liabilities	76,742,058	48,743,426	39,290,059
Account of regularization
Total liabilities	250,465,940	228,444,599	296,476,595
Profit & Loss
Operating income	1,466,594,256	1,557,983,722	1,608,513,797
Net turnover	1,466,594,114	1,557,982,068	1,608,513,345
- of which net export turnover
Operating charges	1,466,048,212	1,557,449,603	1,607,960,668
Operating profit/loss	546,044	534,119	553,129
Financial income	184,726	779,761	1,637,267
Financial charges	23,152	167,195	355,415
Financial profit/loss	161,574	612,566	1,281,852
Pretax net operating income	707,618	1,146,685	1,834,981
Extraordinary income
Extraordinary charges	14,785
Extraordinary profit/loss	-14,785
Net profit/loss	460,361	775,200	1,217,693

Event history

Status history

Date	Description

Company events history

Date	Description
19/04/2011	Bodacc B: Various editing or changing
05/04/2011	Changes to the Board of Directors
05/04/2011	Minutes of Board meeting
05/04/2011	New auditor
05/04/2011	New chairman (CEO, CoB)
05/04/2011	Minutes of general meeting of shareholders
12/10/2010	Bodacc C : Deposit accounts notice
07/03/2010	Bodacc B: Various editing or changing
17/02/2010	Changes to the Board of Directors
17/02/2010	Minutes of Board meeting
12/02/2010	Legal Gazette: Resignation / Revocation of the social representative
31/12/2009	New accounts available
06/11/2009	Bodacc C : Deposit accounts notice
21/07/2009	Bodacc B: Various editing or changing
30/06/2009	Minutes of Board meeting
30/06/2009	Appointment/resignation of company officers
30/06/2009	Changes to the Board of Directors
30/06/2009	Private document
17/03/2009	Legal Gazette: Appointment of the social representative
31/12/2008	Modification of Company Activity

Establishment events history

Date	Description
16/11/2010	Update Rating
16/11/2010	Update Limit
16/10/2010	Update Limit
03/09/2010	Update Rating
29/12/2009	Update Rating
20/10/2009	Update Limit
20/10/2009	Update Rating
02/10/2009	Update Limit
01/09/2009	Update Limit
01/09/2009	Update Rating
05/05/2009	Update Rating
06/01/2009	Update Rating
22/12/2008	Update Rating
20/10/2008	Update Rating
11/09/2008	Update Limit
11/09/2008	Update Rating

Directors

Name	GENERAL ELECTRIC COMPANY	Manager position	Administrateur
Date of birth	20/11/1956	Place of birth	PENNSYLVANIA(ETATS-UNIS D'AMERIQUE)
Type of manager	Moral person	Name at birth of manager

Name	SNECMA	Manager position	Administrateur
Date of birth	28/09/1952	Place of birth	ST MIHIEL 55300
Type of manager	Moral person	Name at birth of manager

Name	M MERICLE JOHN CARL	Manager position	Administrateur
Date of birth	27/04/1951	Place of birth	NEW YORK(ETATS-UNIS D'AMERIQUE)
Type of manager	Individual	Name at birth of manager

Name	M PLANAUD FRANCOIS	Manager position	Administrateur
Date of birth	04/09/1961	Place of birth	SAINT DENIS (93200)
Type of manager	Individual	Name at birth of manager

Name	M SAVIN OLIVIER	Manager position	Administrateur
Date of birth	22/06/1967	Place of birth	POITIERS (86000)
Type of manager	Individual	Name at birth of manager

Name	M BLANKENSHIP CHARLES	Manager position	Administrateur
Date of birth	17/05/1966	Place of birth	OHIO(ETATS-UNIS D'AMERIQUE)
Type of manager	Individual	Name at birth of manager

Name	M WRIGHT SHANE	Manager position	Administrateur
Date of birth	31/12/1963	Place of birth	WASHINGTON(ETATS-UNIS D'AMERIQUE)
Type of manager	Individual	Name at birth of manager

Name	M CHAHROUR CHAKER	Manager position	Administrateur
Date of birth	10/04/1952	Place of birth	NABATIEH(LIBAN)
Type of manager	Individual	Name at birth of manager

Name	M SYX PIERRE	Manager position	Administrateur
Date of birth	14/11/1956	Place of birth	COUDEKERQUE-BRANCHE (59210)
Type of manager	Individual	Name at birth of manager

Name	M EBANGA JEAN-PAUL	Manager position	Directeurgénéral
Date of birth	09/05/1962	Place of birth	PARIS (75012)
Type of manager	Individual	Name at birth of manager

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.61
UK Pound	1	Rs.73.28
Euro	1	Rs.65.47

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
--	NB	New Business	--

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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