MIRA INFORM REPORT

Report Date :

11.09.2012

IDENTIFICATION DETAILS

Name :	DRESSER INDUSTRIA E COMERCIO LTDA

Registered Office :	Estrada Do Timbó, 126 Parte - Higienópolis 21061-280 - Rio De Janeiro/Rj

Country :	Brazil

Financials (as on) :	31.07.2009

Date of Incorporation :	22.07.1932

Legal Form :	Limited Liability Company

Line of Business :	Manufacture and Trade of Fuel Dispensers and Pumps.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Exist

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)

Brazil

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

Brazil - ECONOMIC OVERVIEW

Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries, and Brazil is expanding its presence in world markets. Since 2003, Brazil has steadily improved its macroeconomic stability, building up foreign reserves, and reducing its debt profile by shifting its debt burden toward real denominated and domestically held instruments. In 2008, Brazil became a net external creditor and two ratings agencies awarded investment grade status to its debt. After strong growth in 2007 and 2008, the onset of the global financial crisis hit Brazil in 2008. Brazil experienced two quarters of recession, as global demand for Brazil's commodity-based exports dwindled and external credit dried up. However, Brazil was one of the first emerging markets to begin a recovery. In 2010, consumer and investor confidence revived and GDP growth reached 7.5%, the highest growth rate in the past 25 years. Rising inflation led the authorities to take measures to cool the economy; these actions and the deteriorating international economic situation slowed growth to 2.7% for 2011 as a whole, though forecasts for 2012 growth are somewhat higher. Despite slower growth in 2011, Brazil overtook the United Kingdom as the world's seventh largest economy in terms of GDP. Urban unemployment is at the historic low of 4.7% (December 2011), and Brazil's traditionally high level of income equality has declined for each of the last 12 years. Brazil's high interest rates make it an attractive destination for foreign investors. Large capital inflows over the past several years have contributed to the appreciation of the currency, hurting the competitiveness of Brazilian manufacturing and leading the government to intervene in foreign exchanges markets and raise taxes on some foreign capital inflows. President Dilma ROUSSEFF has retained the previous administration's commitment to inflation targeting by the central bank, a floating exchange rate, and fiscal restraint.

Source : CIA

COMPANY NAME

DRESSER INDUSTRIA E COMERCIO LTDA

ADDRESSES

MAIN ADDRESS:	ESTRADA DO TIMBÓ, 126 PARTE - HIGIENÓPOLIS
ZIP CODE/CITY:	21061-280 - RIO DE JANEIRO/RJ

PHONE:	21 2598-7707
FAX:	21 2460-4105
E-MAIL:	Fernanda.torri@dresser.com
WEB SITE:	www.dresser.com

BRANCHES:

ADDRESS:	ESTRADA DO TIMBÓ, 126 - HIGIENÓPOLIS
ZIP CODE/CITY:	21061-280 RIO DE JANEIRO/RJ
CNPJ:	42.120.394/0006-76
STATE REGISTER:	81.799.202

ADDRESS:	RODOVIA PRESIDENTE DUTRA, 10501 - ROCHA SOBRINHO
ZIP CODE/CITY:	26574-751 MESQUITA/RJ
CNPJ:	42.120.394/0010-52

ADDRESS:	RODOVIA PRESIDENTE DUTRA, KM 154,7 PRÉDIO 18 PARQUE NDUSTRIAL
ZIP CODE/CITY:	12240-420 SÃO JOSÉ DOS CAMPOS/SP
CNPJ:	42.120.394/0011-33

ADDRESS:	RUA PAMPLONA, 1465 CJS. 61/62 PARTE - CERQUEIRA CÉSAR
ZIP CODE/CITY:	01405-002 SÃO PAULO/SP

ADDRESS:	RUA FUNCHAL, 129 5º ANDAR, CJ. 5-A
ZIP CODE/CITY:	04551-060 SÃO PAULO/SP
CNPJ:	42.120.394/0039-34

LEGAL DATA

MAIN ACTIVITIES:

MANUFACTURE AND TRADE OF FUEL DISPENSERS AND PUMPS.

LEGAL FORM:	LIMITED LIABILITY COMPANY

INCORPORATION DATE:	22/07/1932
REGISTER DATE:	26/04/1973
BALANCE SHEET FILING DATE:	31/12
TAX CONTRIBUTOR NUMBER(CNPJ):	42.120.394/0001-61
STATE REGISTER:	81.288.003

SHARE CAPITAL:	R$ 51.732.048,00

BOARD OF DIRECTORS:

MANUEL AGRELO LUSQUIÑOS	PRESIDENT DIRECTOR
ANTÔNIO JOSÉ BRAGANÇA MARTINS DOS SANTOS	SALES DIRECTOR
JULIO CESAR TEIXEIRA CUNHA	FINANCIAL DIRECTOR

AUTHORIZED USE OF SIGNATURE

THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

SHAREHOLDERS / PARTNERS:

DI NETHERLANDES B.V. (HOLLAND)	99,99%
RONALDO CAMARGO VEIRANO	0,01%

AFFILIATES / SUBSIDIARIES:

DRESSER GROUP

COMPANY'S BACKGROUND

THE SUBJECT WAS ESTABLISHED ON JULY 22, 1932 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME "WAYNE".

OPERATING FOR MORE THAN 75 YEARS, THE LATIN AMERICAN DIVISION OF DRESSER WAYNE IS BASED IN RIO DE JANEIRO, BRAZIL. DRESSER WAYNE BRAZIL DESIGNS AND MANUFACTURES FUEL DISPENSING EQUIPMENT AND DEVELOPS POINT-OF-SALE SYSTEMS FOR THE RETAIL PETROLEUM INDUSTRY. DRESSER WAYNE BRAZIL'S EXTENSIVE NETWORK OF SALES PERSONNEL AND AUTHORIZED SERVICE PROVIDERS ENSURE THAT OUR CUSTOMERS THROUGHOUT SOUTH AND CENTRAL AMERICA RECEIVE THE HIGH QUALITY DRESSER WAYNE PRODUCTS AND SERVICES THAT THEY DEMAND. THE QUALITY DRESSER WAYNE PRODUCTS AND COMPONENTS MANUFACTURED IN OUR RIO DE JANEIRO FACILITY ARE DISTRIBUTED TO DRESSER WAYNE CUSTOMERS THROUGHOUT THE WORLD.

REMARKS:

--------

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. FERNANDA, ACCOUNTING DEPARTMENT, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION UNLESS THE INQUIRING PARTY'S NAME WAS DISCLOSED.

IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED SUPPLIER OF THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER INFORMATION.

THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES USUALLY INVESTIGATED.

PUBLIC RECORDS INFORMATION:

PROTESTS:

37 PROTESTS,TOTAL AMOUNT R$ 225.410,06

DATE OF FIRST PROTEST: 12/2007 R$ 45,96

DATE OF HIGHEST PROTEST: 06/2011 R$ 36.955,71

DETAILS OF LATEST PROTESTS:

NOTARY OFFICE:	DATE:	VALUE:
2º CARTORIO DE RJ-RIO DE JANEIRO	27/08/2012	R$ 630,00
2º CARTORIO DE RJ-RIO DE JANEIRO	16/08/2012	R$ 26.200,00
2º CARTORIO DE RJ-RIO DE JANEIRO	26/0072012	R$ 2.950,00
3º CARTORIO DE RJ-RIO DE JANEIRO	26/07/2012	R$ 1.890,50
2º CARTORIO DE RJ-RIO DE JANEIRO	19/08/2012	R$ 18.290,24

LAWSUITS:
	DATE:	COURT OF LAW:

EXECUTIVE LAWSUIT

12/12/11

7º VARA DE REGIONAL MEIER/RJ

FINANCIAL INFORMATION

THE SUBJECT FILES THE ACCOUNTS THROUGH AN ACCOUNTANCY PROCEEDING NAMED "LUCRO PRESUMIDO" (PRESUMED PROFIT) WHICH EXEMPTS IT OF BUILDING UP BALANCE SHEET OR ANY OTHER BOOKING PROCEEDINGS WHICH ARE USUAL FOR COMPANIES WHICH FILE ACCOUNTS THROUGH THE ACCOUNTANCY PROCEEDING NAMED "LUCRO REAL" (REAL PROFIT).

GENERAL BALANCE SHEETS AS OF 31/07/2009 AND 31/12/2008.

( FIGURES ARE IN REAIS ).

ASSETS
CURRENT:	31/07/2009	31/12/2008

CASH AND BANKS	8.080.769,82	7.732.619,71
INVENTORY	21.863.806,70	23.372.592,99
ADVANCE TO SUPPLIERS	371.433,61	276.406,41
CLIENTS	25.095.726,68	58.000.379,19
RECOVERABLE TAXES	21.895.457,86	19.544.983,19
OTHER CREDITS	1.940.601,08	2.149.163,16
DEFERRED TAXES	18.205.290,85	20.194.058,77
RECTIFICATION ACCOUNTS	-1.971.565,86	-1.735.594,83
	----------------	----------------
TOTAL CURRENT ASSETS	95.481.520,74	129.534.608,59

LONG-TERM RECEIVABLES:

JUDICIAL DEPOSITS	2.870.725,29	2.780.082,04
CREDIT WITH PARTNERS	3.858.166,85	4.337.568,33
OTHER CREDITS	4.068.020,00	3.089.841,43
	----------------	----------------
TOTAL LONG-TERM RECEIVABLES	10.796.912,14	10.207.491,80

FIXED ASSETS:

FIXED ASSETS	13.807.096,06	14.604.418,68
	----------------	----------------
TOTAL FIXED ASSETS	13.807.096,06	14.604.418,68
	================	================
TOTAL ASSETS	120.085.528,94	154.346.519,07

LIABILITIES:
CURRENT:	31/07/2009	31/12/2008

SUPPLIERS	18.484.310,52	27.545.863,13
TAXES & CONTRIBUTIONS		13.265.311,32
SOCIAL / LABOR OBLIGATIONS	3.918.966,91	4.009.668,67
ADVANCE FROM CLIENTS	1.196.956,06	1.892.590,50
OTHER DEBTS	484.887,33	806.686,19
NOTES PAYABLE		23.237.624,00
PROVISIONS	6.895.406,36
	----------------	----------------
TOTAL CURRENT LIABILITIES	30.980.527,18	70.757.743,81

LONG TERM LIABILITIES:

INTERCOMPANY DEBTS	22.803.428,07	25.457.397,39
	----------------	----------------
TOTAL LONG TERM LIABILITIES	22.803.428,07	25.457.397,39

NET EQUITY:

SHARE CAPITAL	51.732.048,00	51.732.048,00
RESERVES	1.700.451,54	1.700.451,54
ACCRUED PROFIT (LOSS)	12.869.074,15	4.698.878,33
	----------------	----------------
TOTAL NET EQUITY	66.301.573,69	58.131.377,87
	================	================
TOTAL LIABILITIES	120.085.528,94	154.346.519,07

PROFIT AND LOSS ACCOUNTS AS OF 31/07/2009 AND 31/12/2008.

( FIGURES ARE IN REAIS ).

	31/07/2009	31/12/2008

GROSS SALES	117.681.406,40	243.518.279,49
(-) TAXES ON SALES	16.284.549,73	27.337.846,30
	----------------	----------------
NET SALES	101.396.856,67	216.180.433,19
(-) COST OF SOLD GOODS	66.769.756,35	164.846.627,75
	----------------	----------------
GROSS PROFIT	34.627.100,32	51.333.805,44
OPERATING REVENUE (EXPENSE)	-21.769.674,76	-43.713.599,28
FINANCIAL REVENUE(EXPENSE)	-3.168.946,19	-4.718.384,33
	----------------	----------------
OPERATIONAL PROFIT (LOSS)	9.688.479,37	2.901.821,83
NON-OPERATING RESULT	66.580,51	67.288,58
CONTRIBUTION/INCOME TAX	-1.584.864,06	-2.701.818,07
	----------------	----------------
NET PROFIT (LOSS)	8.170.195,82	267.292,34

RATIOS:

31/07/2009

31/12/2008

QUICK RATIO	2,38		1,50
CURRENT RATIO	3,08		1,83
ACCOUNTS RECEIVABLE TURNOVER	4,04	TIMES	3,73	TIMES
DAYS' SALES IN RECEIVABLES	51,98	DAYS	96,59	DAYS
INVENTORY TURNOVER	3,05	TIMES	7,05	TIMES
ACCOUNTS PAYABLE PERIOD	58,14	DAYS	60,16	DAYS
RETURN ON ASSETS	,84	TIMES	1,40	TIMES
SALES TURNOVER ON NET EQUITY	1,53	TIMES	3,72	TIMES
NET WORTH TIE-UP	,21		,25
INDEBTEDNESS	,81		1,66
EQUITY RATIO	55,21	%	37,66	%
WORKING CAPITAL RATIO	208,20	%	83,07	%
GENERAL SOLVENCY	2,23		1,60
RETURN ON NET EQUITY	12,32	%	,46	%
RETURN ON SALES (PROFIT MARGIN)	8,06	%	,12	%
GROSS PROFIT MARGIN	34,15	%	23,75	%
OPERATIONAL RESULT	9,56	%	1,34	%
SALES TURNOVER ON LIABILITIES	3,27	TIMES	3,06	TIMES
FOREIGN CURRENCY ON ASSETS
FOREIGN CURRENCY ON LIABILITIES

EXCHANGE RATE:
US$ 1,00 = R$ 2,03	- OFFICIAL RATE ON 06/09/2012
US$ 1,00 = R$ 1,87	- OFFICIAL RATE ON 31/07/2009
US$ 1,00 = R$ 2,33	- OFFICIAL RATE ON 31/12/2008

COMMENTS ON THE FINANCIAL INFORMATION:

FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.

THE ANNUAL FIGURES FOR FISCAL 2008 AVAILABLE SHOW A NORMAL FINANCIAL STANDING. DESPITE THE SOMEHOW HIGH LEVEL OF INDEBTEDNESS, IT HAD GOOD LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL AMOUNT AS WELL AS HIGH GROWING SALES AND PROFITABILITY.

THE INTERIM BALANCE SHEET FOR JULY 2009 SHOW GOOD FINANCIAL STANDING. IT SHOWS GOOD LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL AMOUNT, AS WELL AS ACCEPTABLE LEVEL OF INDEBTEDNESS. IT SHOWS DOWNWARD SALES TREND BUT MADE GOOD PROFIT.

REMARKS:

THE COMPANY WILL NOT SEND ANY UPDATED FINANCIAL DATA.

ACCORDING TO THE RULES OF THE ACCOUNTANCY PROCEEDING FOLLOWED BY THE SUBJECT, IT COLLECTS THE TAXES, WHICH ARE DUE OVER THE GROSS SALES AMOUNT. THE TAXES SHOULD BE COLLECTED EITHER WITH PROFIT OR LOSS AT THE END OF THE FISCAL YEAR.

REGARDING THE RULES OF THE ABOVE SAID PROCEEDING IT MAY BE POSSIBLE TO STATE THAT COMPANIES WHICH FILE ACCOUNTS THROUGH THIS PROCEEDING ARE PROFITABLE COMPANIES. IT IS STATED BECAUSE THE MAIN DIFFERENCE OF THE PROCEEDING NAMED "LUCRO REAL" AND THE ONE NAMED "LUCRO PRESUMIDO" IS THAT IN THE FIRST THE COMPANY ONLY PAYS INCOME TAX WHEN IT HAS PROFIT AT THE END OF THE FISCAL YEAR, WHILE IN THE LAST THE COMPANY PAYS INCOME TAX REGARDLESS IT HAS PROFIT OR LOSS. THEREFORE, IF ANY COMPANY WHICH ADOPTS THE "PRESUMED PROFIT" PROCEEDING WAS NOT PROFITABLE IT WOULD BE A BETTER OPTION TO FILE ACCOUNTS THROUGH THE "LUCRO REAL" PROCEEDING BECAUSE IN THIS PROCEEDING TAXES ARE DUE ONLY WHEN PROFITABLE RESULTS ARE MET. IN CASE OF LOSSES NO INCOME TAX IS DUE.

IN SHORT, COMPANIES, WHICH FILE ACCOUNTS THROUGH "LUCRO PRESUMIDO" PROCEEDING, ARE USUALLY PROFITABLE COMPANIES.

REAL ESTATE:

OWNED PREMISES ARE VALUED AT R$ 6.000.000,00

VEHICLES:

OWNED VEHICLES ARE VALUED AT R$ 1.178.022,34

MACHINES:

OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 25.804.234,58

INSURANCE

THE SUBJECT IS SAID TO HOLD INSURANCE POLICIES BUT DETAILS WERE NOT DISCLOSED.

BANKING REFERENCES

	BRANCH/PHONE:
BANCO SANTANDER S/A	2263 / 21 2277-4057
BANCO REAL (SANTANDER) S/A	403 / 21 2526-9932
BANCO DO BRASIL S/A	3439-8 / 21 3972-8573
BANCO BRADESCO S/A	3370 / 21 3865-3671

REMARKS: IN BRAZIL THE BANKS ARE PROHIBITED BY LAW TO PROVIDE INFORMATION OR ANY KIND OF COMMENTS ABOUT THEIR CLIENTS. DUE TO THIS LAW PROHIBITION WE ARE UNABLE TO PROVIDE ANY BANKING DETAILS.

ACCORDING TO THE CENTRAL BANK OF BRAZIL OFFICIAL REPORT, THE COMPANY HAS NO RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682 BRAZILIAN CENTRAL BANK").

ACTIVITIES COMMENTS

MANUFACTURE AND TRADE OF FUEL DISPENSERS AND PUMPS.

IMPORT AND EXPORT:

IMPORTS FROM:

USA AND SWEDEN (30% OF PURCHASES).

EXPORTS TO:

EXPORTS TO OVER 65 COUNTRIES.

MAIN CLIENTS:

DOMESTIC CLIENTS:		PHONE:
ALESAT		34 3204-5077
CIA. BRASILEIRA DE PETRÓLEO IPIRANGA		21 2574-5313
COSAN		21 3433-2358
ESSO BRASILEIRA DE PETRÓLEO		21 3433-2358
PETROBRÁS DISTRIBUIDORA S/A-BR		21 3876-4786
SHELL BRASIL LTDA.		21 3984-7000
TEXACO DO BRASIL S/A.		21 2510-5400

STAFF:

NOT AVAILABLE

CONCEPT AND FULFILMENT

THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1932. SO FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR. BOTH THE COMPANY AND THE PRINCIPALS ENJOY A FAVORABLE REPUTATION AMONG LOCAL TRADE SOURCES.

THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN BRAZIL. THE SUPPLIERS EXTEND CREDIT FACILITIES TO THE SUBJECT IN TERMS AND AMOUNTS ACCORDING TO THE COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED.

THE LAWSUIT REPORTED IS NOT RELATED WITH TRADE DEBT. IT IS RELATED TO TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE COMPANY'S TRADE REPUTATION.

OUR INVESTIGATION THROUGH THE PUBLIC RECORDS SHOWED SOME DETRIMENTAL FILES REGISTERED AGAINST THE SUBJECT BUT DUE TO THE SUBJECT'S HIGH FINANCIAL STRENGTH AND HIGH SCALE OF OPERATIONS THE DETRIMENTAL FILES DO NOT AFFECT ITS TRADE REPUTATION.

MAIN SUPPLIERS:

DOMESTIC SUPPLIERS:		PHONE:
DOVER DO BRASIL		11 4894-7700
ELETROFORMA		21 2187-2599
FERR.INJEÇÃO GASPARETTE LTDA.		32 3215-1051
PICHININ COMÉRCIO E INDÚSTRIA LTDA.		11 4555-4677
VEEDER ROOTO DO BRASIL		11 3879-6600
WEG EQUIPAMENTOS ELÉTRICOS		47 3372-4000
WETZEL S/A.		47 3451-4233

PAYMENT HISTORY:

4 SUPPLIERS REPORTED PAYMENTS:

TOTAL AMOUNT: R$ 24.237,00

AMOUNT OF INVOICES PAID: 5

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 8.506,00

HIGHEST CREDIT: R$ 8.506,00

FINAL OPINION

THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS A SATISFACTORY FINANCIAL STANDING, A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR.

BASED ON THE GENERAL INFORMATION AVAILABLE IT IS BELIEVED THAT GOOD TRADE RELATIONS MAY BE ESTABLISHED. CREDIT FACILITIES MAY BE EXTENDED WITHIN TERMS AND AMOUNTS ADEQUATE TO THE COMPANY'S FINANCIAL STRENGTH.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.34
UK Pound	1	Rs.88.50
Euro	1	Rs.70.74

INFORMATION DETAILS

Report Prepared by :

PRL

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.