MIRA INFORM REPORT
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Report Date : |
22.03.2014 |
IDENTIFICATION DETAILS
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Name : |
INGERSOLL-RAND INTERNATIONAL LIMITED |
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Formerly Known As : |
INGERSOLL-RAND [IRELAND] HOLDING & TRADING CORPORATION LIMITED |
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Registered Office : |
170/175 Lakeview Drive, Airside Business Park, Swords, 650010 |
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Country : |
Ireland |
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Date of Incorporation : |
30.10.2001 |
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Com. Reg. No.: |
IE349511 |
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Legal Form : |
Private Company |
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Line of Business : |
Activities of Head Offices [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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Ireland |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
IRELAND - ECONOMIC OVERVIEW
Ireland is a small, modern,
trade-dependent economy. Ireland was among the initial group of 12 EU nations
that began circulating the euro on 1 January 2002. GDP growth averaged 6% in
1995-2007, but economic activity has dropped sharply since the onset of the
world financial crisis. Ireland entered into a recession in 2008 for the first
time in more than a decade, with the subsequent collapse of its domestic
property market and construction industry. Property prices rose more rapidly in
Ireland in the decade up to 2007 than in any other developed economy. Since
their 2007 peak, average house prices have fallen 47%. In the wake of the
collapse of the construction sector and the downturn in consumer spending and
business investment, the export sector, dominated by foreign multinationals,
has become an even more important component of Ireland's economy. Agriculture,
once the most important sector, is now dwarfed by industry and services. In
2008 the former COWEN government moved to guarantee all bank deposits,
recapitalize the banking system, and establish partly-public venture capital
funds in response to the country's economic downturn. In 2009, in continued
efforts to stabilize the banking sector, the Irish Government established the
National Asset Management Agency (NAMA) to acquire problem commercial property
and development loans from Irish banks. Faced with sharply reduced revenues and
a burgeoning budget deficit, the Irish Government introduced the first in a
series of draconian budgets in 2009. In addition to across-the-board cuts in
spending, the 2009 budget included wage reductions for all public servants.
These measures were not sufficient to stabilize Ireland’s public finances. In
2010, the budget deficit reached 32.4% of GDP - the world's largest deficit, as
a percentage of GDP - because of additional government support for the
country’s deeply troubled banking sector. In late 2010, the former COWEN
government agreed to a $92 billion loan package from the EU and IMF to help
Dublin recapitalize Ireland’s fragile banking sector and avoid defaulting on
its sovereign debt. Since entering office in March 2011, the new KENNY
government has intensified austerity measures to try to meet the deficit
targets under Ireland's EU-IMF program. Ireland has grown slowly since 2011,
but managed to reduce the budget deficit to 7.2% of GDP in 2013. In late 2013,
Ireland formally exited its EU-IMF bailout program, benefiting from its strict
adherence to deficit-reduction targets and success in refinancing a large
amount of banking-related debt.
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Source
: CIA |
REGISTERED
NAME & COMPANY SUMMARY
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Company Name |
INGERSOLL-RAND INTERNATIONAL LIMITED |
Company Number |
IE349511 |
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Registered Address |
170/175 LAKEVIEW DRIVE |
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Website Address |
- |
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Telephone Number |
018707000 |
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TPS |
No |
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Incorporation Date |
30/10/2001 |
Company Status |
Section 17 (Southern Ireland) |
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Previous Name |
INGERSOLL-RAND [IRELAND] HOLDING & TRADING CORPORATION LIMITED |
Type |
Other |
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Date of Change |
- |
Filing Date of Accounts |
- |
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Share Capital |
€10 |
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SIC03 |
7415 |
Currency |
USD |
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SIC03 Description |
Holding Companies including Head Offices |
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SIC07 |
70100 |
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SIC07 Description |
ACTIVITIES OF HEAD OFFICES |
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Principal Activity |
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DIRECTORS/MANAGEMENT
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Total Current Directors |
3 |
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Total Current Secretaries |
1 |
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Total Previous Directors / Company Secretaries |
23 |
Current Directors
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Name |
Date of Birth |
02/05/1962 |
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Officers Title |
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Nationality |
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Present Appointments |
2 |
Function |
Director |
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Appointment Date |
16/11/2012 |
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Address |
CLOS DES PALOMBES 6, 1410 WATERLOO, BELGIUM |
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Name |
Date of Birth |
06/06/1973 |
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Officers Title |
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Nationality |
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Present Appointments |
8 |
Function |
Director |
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Appointment Date |
21/02/2014 |
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Address |
13 TOWER HALL, SWORDS CENTRAL, MAIN STREET, SWORDS CO. DUBLIN |
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Name |
Date of Birth |
04/09/1971 |
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Officers Title |
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Nationality |
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Present Appointments |
5 |
Function |
Director |
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Appointment Date |
22/07/2009 |
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Address |
4 RIVERVIEW, OLD LUCAN ROAD, PALMERSTOWN, DUBLIN 20 |
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Current Company
Secretary
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Name |
Date of Birth |
- |
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Officers Title |
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Nationality |
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Present Appointments |
1 |
Function |
Company Secretary |
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Appointment Date |
14/01/2010 |
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Address |
11 BOROIMHE ROWAN, SWORDS, CO. DUBLIN |
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NEGATIVE INFORMATION
CJ
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Total Number of Exact CJs - |
Total Value of Exact CJs - |
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Total Number of Possible CJs - |
Total Value of Possible CJs - |
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Total Number of Satisfied CJs - |
Total Value of Satisfied CJs - |
Exact CJ Details
There are no exact CJ details
Possible CJ Details
There are no possible CJ details
Writ Details
SHARE
& SHARE CAPITAL INFORMATION
Top 20 Shareholders
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Name |
Currency |
Share Count |
Share Type |
Nominal Value |
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INGERSOLL-RAND IRISH HOLDINGS |
USD |
1 |
ORDINARY |
10 |
PAYMENT
INFORMATION
Payment Information Summary
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Days Beyond Terms |
Trend Indicator |
Average
Payment Experience |
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Steady Improving Worsening |
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GROUP
STRUCTURE & AFFILIATED COMPANIES
Statistics
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Group |
39 companies |
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Linkages |
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Countries |
Summary
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Holding Company |
INGERSOLL-RAND IRISH HOLDINGS |
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Ownership Status |
Wholly Owned |
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Ultimate Holding Company |
INGERSOLL-RAND PUBLIC LIMITED COMPANY |
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Auditors |
PRICEWATERHOUSECOOPERS |
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Auditor Comments |
The audit report contains no adverse comments |
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
Status History
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No Status History found |
Event History
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Date |
Description |
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21/02/2014 |
New Board Member (MICHAEL FRANCIS SYLVER) appointed |
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31/12/2013 |
PAUL O'SULLIVAN has left the board |
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07/11/2013 |
New Accounts Filed |
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06/11/2013 |
Annual Returns |
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16/11/2012 |
New Board Member (PASCAL CAMPAIGNOLLE) appointed |
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12/11/2012 |
New Accounts Filed |
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10/11/2012 |
Annual Returns |
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09/12/2011 |
ALAN CAMERON SMITH has left the board |
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03/12/2011 |
New Accounts Filed |
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02/12/2011 |
Annual Returns |
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17/06/2011 |
ANDREW SANDERS has left the board |
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17/06/2011 |
New Board Member (ALAN CAMERON SMITH) appointed |
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23/03/2011 |
MARK LESLIE HOSKINS has left the board |
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23/03/2011 |
New Board Member (PAUL O'SULLIVAN) appointed |
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06/12/2010 |
New Accounts Filed |
Previous Company Names
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Date |
Previous Name |
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N/A |
INGERSOLL-RAND [IRELAND] HOLDING & TRADING CORPORATION LIMITED |
Received Documents
Business Owner Links
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Business Name |
Business No |
Business Status. |
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NORMAL |
NOTES
& COMMENTS
N/a
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.05 |
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|
1 |
Rs.100.81 |
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Euro |
1 |
Rs.84.18 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.