MIRA INFORM REPORT

Report Date :

21.08.2012

IDENTIFICATION DETAILS

Name :	DELAVAL EXPORT SERVICE AB

Registered Office :	14721 Tumba

Country :	Sweden

Date of Incorporation :	20.05.1952

Com. Reg. No.:	5560568387

Legal Form :	Limited Liability Company

Line of Business :	Manufacturer of agricultural and forestry machinery

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
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, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Sweden

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

REGISTERED NAME & COMPANY SUMMARY

Company Summary

Business Name	DeLaval Export Service AB
Country	SWEDEN
Company Registration Number	5560568387
Main Activity	Manufacture of agricultural and forestry machinery
Activity Code	28300
Company Status	Other
Latest Turnover Figure	-
Latest Shareholder Equity Figure	100.000 SEK

DIRECTORS/MANAGEMENT

Current Directors
Name	Appointment Date	Position
Tord Stefan Viktor Lidström	26/10/2004	Actual Member of Board
Anders Mikael Alvtegen	26/10/2004	Actual Member of Board
Faber, Albert Jan	26/10/2004	Actual Member of Board
Sture Gunnar Burström	05/10/2006	Actual Member of Board

NEGATIVE INFORMATION

SHARE & SHARE CAPITAL INFORMATION

Issued Share Capital

100.000 SEK

PAYMENT INFORMATION

Debt balance at the Swedish Enforcement Agency
Number of Private Claims	-
Balance of Private Claims	-
Number of Public Claims	-
Balance of Public Claims	-
Total Balance	-

Record of non-payment
Number of distraint attempts and repossessions	-
Number of public claims	-
Number of private claims	-
Number of applications for an order to pay	-
Number of reclaimed/revoked applications	-

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Parent
Ultimate Holding Company Name	TETRA LAVAL BV
Ultimate Holding Company Country	NETHERLANDS
Immediate Holding Parent
No information for this company.

Subsidiary Companies
Subsidiary Name	Country	Number
No subsidiaries for this company.

Affiliates
Affiliate Name	Country	Number
No affiliates for this company.

FINANCIAL INFORMATION

Balance Sheet
Financial Year	2010	2009	2008
Number of Weeks	52	52	52
Currency	SEK	SEK	SEK
Consolidated Accounts	N	N	N
Land & Buildings	0	0	0
Plant & Machinery	0	0	0
Other Tangible Assets	0	0	0
Total Tangible Assets	0	0	0
Goodwill	0	0	0
Other Intangible Assets	0	0	0
Total Intangible Assets	0	0	0
Loans To Group	100.000	100.000	100.000
Other Loans	0	0	0
Miscellaneous Fixed Assets	0	0	0
Total Other Fixed Assets	100.000	100.000	100.000
TOTAL FIXED ASSETS	100.000	100.000	100.000
Work In Progress	0	0	0
Other Inventories	0	0	0
Total Inventories	0	0	0
Trade Receivables	0	0	0
Group Receivables	0	0	0
Miscellaneous Receivables	0	0	0
Total Receivables	0	0	0
Cash	0	0	0
Other Current Assets	0	0	0
TOTAL CURRENT ASSETS	0	0	0
TOTAL ASSETS	100.000	100.000	100.000
Trade Payables	0	0	0
Bank Liabilities	0	0	0
Group Payables	0	0	0
Miscellaneous Liabilities	0	0	0
TOTAL CURRENT LIABILITIES	0	0	0
Bank Liabilities Due After 1 Year	0	0	0
Other Loans Or Finance Due After 1 Year	0	0	0
Group Payables After 1 Year	0	0	0
Miscellaneous Liabilities Due After 1 Year	0	0	0
TOTAL LONG TERM LIABILITIES	0	0	0
TOTAL LIABILITIES	0	0	0
Called Up Share Capital	100.000	100.000	100.000
Share Premium	0	0	0
Revenue Reserves	0	0	0
Other Reserves	0	0	0
TOTAL SHAREHOLDERS EQUITY	100.000	100.000	100.000

Other Financials
Contingent Liabilities	0	0	0
Working Capital	0	0	0
Net Worth	100.000	100.000	100.000

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Activities
Activity Code	Activity Description
28300	Manufacture of agricultural and forestry machinery

Main Address
Address	Country	Telephone
Box 39, 14721 TUMBA	SWEDEN	08-53066000

Other Address
Address	Country
No other addresses for this company.

Email Addresses

No information for this company.

Web Pages

No information for this company.

Share Capital Structure

Employee Information
Year	Number of Employees
2010	0
2009	0
2008	0
2007	0
2006	0

Advisors
Auditor Name	Ernst & Young Aktiebolag

Additional Information

Tax Registrations
Registered for Tax	No
Registered for VAT	Yes
Registered for Employee Tax	No

Certificates
Type	Category	Issuer
No certificate information for this company.

Industry Comparison
Activity Code	28300
Activity Description	Manufacture of agricultural and forestry machinery

Event History
Event Date		Event Description
31/07/2012		Annual report (PDF), new
27/06/2012	Board, changed
27/06/2012	Company representatives, changed
08/08/2011	Annual account, new
22/07/2011	Annual report (PDF), new
08/07/2010	Annual account, new
01/07/2010	Annual report (PDF), new
19/08/2009	Annual account, new
28/07/2009	Annual report (PDF), new
27/02/2009	Board, changed
27/02/2009	Company representatives, changed
26/08/2008	Annual account, new
30/07/2008	Annual report (PDF), new

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.70
UK Pound	1	Rs.87.55
Euro	1	Rs.68.85

INFORMATION DETAILS

Report Prepared by :

MNL

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.

Basic Information
Business Name	DeLaval Export Service AB
Registered Company Name	DeLaval Export Service AB
Company Registration Number	5560568387
Country	SWEDEN
VAT Registration Number	SE556056838701
Date of Company Registration	20/05/1952
Legal Form	Limited liability company
Company Status	Other
Currency of this Report	SEK
Principal Activity Description	Bolaget skall anskaffa, utveckla, producera och marknadsföra varor, tjänster och andra nyttigheter företrädesvis för industrin, lantbruket och miljövården samt att utöva därmed förenlig verksam
Contact Address	14721 TUMBA
Contact Telephone Number	08-53066000