I have always understood that perfins were used as a security measure on older stamps. Typically, they took the form of a logo or letter (or series of letters) to make up an abbreviation for the company using them.
Of all of them I have, however, this is the only one that has no identifiable letters but just a series of obscure dots. Am I missing something? Did someone put their ID in code or is it just that I am looking at only a partial perfin? I've scanned both front and back to make it easier see the perfin:


Any ideas?