MIRA INFORM REPORT

Report Date :

26.09.2014

IDENTIFICATION DETAILS

Name :	EATON LIMITED
Registered Office :	Po Box 554 Abbey Park, Southampton Road, Titchfield, Po14 9ed
Country :	United Kingdom
Financials (as on) :	31.12.2012
Date of Incorporation :	30.05.1919
Com. Reg. No.:	00155621
Legal Form :	Private limited with Share Capital
Line of Business :	· Engaged in Manufacturing Operations, including Aerospace, Vehicle Component and Hydraulic Components. Engaged in producing a broad range of products and services, from fuel-efficient systems, to Power Chain management tools and components that safely guide commercial aircraft.
No of Employees :	804 (31.12.2012)

RATING & COMMENTS

MIRA’s Rating :

Ba

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 :	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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
United Kingdom	A1	A1

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

United Kingdom ECONOMIC OVERVIEW

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these included nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of £375 billion (approximately $605 billion) as of December 2013. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase.

Source : CIA

Company name & address

Company Name: EATON LIMITED

Company No: 00155621

Registered Address:

PO BOX 554 ABBEY PARK

SOUTHAMPTON ROAD

TITCHFIELD

PO14 9ED

Company summary

Company Name	EATON LIMITED	Company Number	00155621
Registered Address	PO BOX 554 ABBEY PARK	Trading Address	Abbey Park
	SOUTHAMPTON ROAD		Southampton Road
	TITCHFIELD		Titchfield
	PO14 9ED		Hampshire
Website Address	http://www.eaton.com
Telephone Number	01329853000
TPS	No
Incorporation Date	30/05/1919	Company Status	Active - Accounts Filed
Previous Name		Type	Private limited with Share Capital
Date of Change		Filing Date of Accounts	23/12/2013
		Share Capital	£2,100,001
SIC03	2852	Currency	GBP
SIC03 Description	General mechanical engineering
SIC07	25620
SIC07 Description	MACHINING
Principal Activity	· Engaged in manufacturing operations, including aerospace, vehicle component and hydraulic components. Engaged in producing a broad range of products and services, from fuel-efficient systems, to Power Chain management tools and components that safely guide commercial aircraft.

Commentary

No exact match CCJs are recorded against the company.
Sales in the latest trading period increased 6.6% on the previous trading period.
Net Worth decreased by 20.3% during the latest trading period.
A 1.1% decline in Total Assets occurred during the latest trading period.
Pre-tax profits decreased by 71.7% compared to the previous trading period.
The audit report contains no adverse comments.
The company has undergone recent changes in its directorships.
The company is part of a group.
The company has changed its registered address recently.
The company was established over 94 years ago.

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/12/2012	£145,340,000	£5,361,000	£187,726,000	804
31/12/2011	£141,677,000	£1,301,000	£180,557,000	780
31/12/2010	£132,942,000	£4,594,000	£221,271,000	771

Exact CCJ Details

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

Mortgage Summary

Outstanding	1
Satisfied	0
Total Current Directors	5
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	27

Current Directors

Name	Jorma Mannerkoski	Date of Birth	17/02/1965
Officers Title	Mr	Nationality	Finnish
Present Appointments	3	Function	Director
Appointment Date	10/10/2013
Address	Po Box 554 Abbey Park, Southampton Road, Titchfield, Fareham, PO14 4QA

Name	Martin Gerard Mullin	Date of Birth	05/06/1966
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	10/10/2013
Address	Po Box 554 Abbey Park, Southampton Road, Titchfield, Fareham, PO14 4QA

Name	Thomas Moran	Date of Birth	02/03/1964
Officers Title	Mr	Nationality	American
Present Appointments	2	Function	Director
Appointment Date	10/10/2013
Address	Po Box 554 Abbey Park, Southampton Road, Titchfield, Fareham, PO14 4QA

Name	Klaus Hans Peter Dehnert	Date of Birth	23/06/1962
Officers Title	Mr	Nationality	German
Present Appointments	1	Function	Director
Appointment Date	01/05/2013
Address	Po Box 554 Abbey Park, Southampton Road, Titchfield, Fareham, PO14 4QA

Name	Darren Michael Byrka	Date of Birth	28/12/1968
Officers Title	Mr	Nationality	Canadian
Present Appointments	2	Function	Director

Current Company Secretary

Top 20 Shareholders
Name	Currency	Share Count	Share Type	Nominal Value
EATON HOLDING LTD	GBP	8,400,004	ORDINARY	0.25

Unable to report percentage holdings as filed Shareholder listing is not full.

Financial data

Profit & Loss

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	£145,340,000	2.6%	£141,677,000	6.6%	£132,942,000	18.4%	£112,324,000	-24%	£147,748,000
Export	^-	^-	^-	^-	^-	^-	^-	^-	^-
Cost of Sales	£122,145,000	4.3%	£117,073,000	6.2%	£110,192,000	13.1%	£97,405,000	-21.5%	£124,032,000
Gross Profit	£23,195,000	-5.7%	£24,604,000	8.1%	£22,750,000	52.5%	£14,919,000	-37.1%	£23,716,000
Wages & Salaries	£43,110,000	5.1%	£41,016,000	9.8%	£37,348,000	16.6%	£32,043,000	-19.8%	£39,970,000
Directors Emoluments	---	---	---	---	---	---	---	---	--
Operating Profit	£4,397,000	999.9%	-£431,000	-114.3%	£3,015,000	490.5%	-£772,000	-125.6%	£3,012,000
Depreciation	£2,516,000	2.9%	£2,444,000	-9.8%	£2,711,000	-7.5%	£2,930,000	-3.4%	£3,034,000
Audit Fees	£176,000	^-	£176,000	4.1%	£169,000	3%	£164,000	-14.1%	£191,000
Interest Payments	£81,000	88.4%	£43,000	-88.4%	£371,000	999.9%	£14,000	-85.3%	£95,000
Pre Tax Profit	£5,361,000	312.1%	£1,301,000	-71.7%	£4,594,000	12.7%	£4,076,000	-63.4%	£11,132,000
Taxation	-£195,000	-709.4%	£32,000	-92.8%	£443,000	-46.4%	£826,000	-73%	£3,054,000
Profit After Tax	£5,166,000	287.5%	£1,333,000	-73.5%	£5,037,000	2.8%	£4,902,000	-65.4%	£14,186,000
Dividends Payable	^-	-100%	£42,100,000	^-	^-	^-	^-	^-	^-
Retained Profit	£5,166,000	112.7%	-£40,767,000	-909.4%	£5,037,000	2.8%	£4,902,000	-65.4%	£14,186,000

Balance Sheet

Date Of Accounts	31/12/12		31/12/11		31/12/10		31/12/09		31/12/08
Tangible Assets	£218,938,000	3.4%	£211,741,000	-3.1%	£218,589,000	-10.7%	£244,719,000	774.9%	£27,971,000
Intangible Assets	£19,660,000	3.1%	£19,063,000	2.7%	£18,570,000	3.5%	£17,939,000	-3.5%	£18,590,000
Total Fixed Assets	£238,598,000	3.4%	£230,804,000	-2.7%	£237,159,000	-9.7%	£262,658,000	464.1%	£46,561,000
Stock	£17,958,000	11.6%	£16,093,000	4%	£15,469,000	28.4%	£12,052,000	-16.9%	£14,509,000
Trade Debtors	£23,303,000	18.1%	£19,738,000	20.2%	£16,421,000	10.4%	£14,874,000	-22.2%	£19,107,000
Cash	£838,000	^-	0	^-	0	^-	0	^-	0
Other Debtors	£9,990,000	10.4%	£9,051,000	-7.1%	£9,745,000	103%	£4,801,000	-97.9%	£228,194,000
Miscellaneous Current Assets	£221,000	-3.9%	£230,000	^-	£230,000	4.1%	£221,000	-10.2%	£246,000
Total Current Assets	£52,310,000	16%	£45,112,000	7.8%	£41,865,000	31%	£31,948,000	-87.8%	£262,056,000
Trade Creditors	£12,923,000	-19.8%	£16,109,000	31.5%	£12,252,000	20%	£10,209,000	-24.3%	£13,487,000
Bank Loans & Overdrafts	0	-100%	£317,000	-89.8%	£3,121,000	176%	£1,131,000	54.7%	£731,000
Other Short Term Finance	£67,761,000	15.7%	£58,543,000	192.9%	£19,990,000	-57.3%	£46,780,000	-29.7%	£66,576,000
Miscellaneous Current Liabilities	£15,902,000	14.2%	£13,926,000	-15.3%	£16,432,000	10.7%	£14,848,000	26.1%	£11,776,000
Total Current Liabilities	£96,586,000	8.7%	£88,895,000	71.6%	£51,795,000	-29%	£72,968,000	-21.2%	£92,570,000
Bank Loans & Overdrafts and LTL	£6,596,000	-2.7%	£6,781,000	-25.3%	£9,079,000	31.5%	£6,903,000	27.1%	£5,433,000
Other Long Term Finance	0		0	^-	0	^-	0	^-	0
Total Long Term Liabilities	£6,596,000	2%	£6,464,000	8.5%	£5,958,000	3.2%	£5,772,000	22.8%	£4,702,000

Capital & Reserves

Date Of Accounts	31/12/12		31/12/11		31/12/10		31/12/09		31/12/08
Called Up Share Capital	£2,100,000	^-	£2,100,000	^-	£2,100,000	^-	£2,100,000	^-	£2,100,000
P & L Account Reserve	£50,317,000	12.3%	£44,802,000	-47.6%	£85,577,000	6.6%	£80,257,000	5.7%	£75,948,000
Revaluation Reserve	^-	^-	^-	^-	^-	^-	^-	^-	^-
Sundry Reserves	£135,309,000	1.2%	£133,655,000	0%	£133,594,000	0.1%	£133,509,000	0.2%	£133,297,000
Shareholder Funds	£187,726,000	4%	£180,557,000	-18.4%	£221,271,000	2.5%	£215,866,000	2.1%	£211,345,000

Other Financials Items

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Net Worth	£168,066,000	4.1%	£161,494,000	-20.3%	£202,701,000	2.4%	£197,927,000	2.7%	£192,755,000
Working Capital	-£44,276,000	-1.1%	-£43,783,000	-340.9%	-£9,930,000	75.8%	-£41,020,000	-124.2%	£169,486,000
Total Assets	£290,908,000	5.4%	£275,916,000	-1.1%	£279,024,000	-5.3%	£294,606,000	-4.5%	£308,617,000
Total Liabilities	£103,182,000	8.2%	£95,359,000	65.1%	£57,753,000	-26.7%	£78,740,000	-19.1%	£97,272,000
Net Assets	£187,726,000	4%	£180,557,000	-18.4%	£221,271,000	2.5%	£215,866,000	2.1%	£211,345,000

Miscellaneous

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Contingent Liability	NO	^-	NO	^-	NO	^-	NO	^-	NO
Capital Employed	£194,322,000	3.9%	£187,021,000	-17.7%	£227,229,000	2.5%	£221,638,000	2.6%	£216,047,000
Number of Employees	804	3.1%	780	1.2%	771	-2.3%	789	-25.1%	1054

Auditors		ERNST & YOUNG LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	BARCLAYS BANK PLC
Bank Branch Code	20-00-00

Ratios

Date Of Accounts	31/12/12	31/12/11		31/12/10	31/12/09		31/12/08
Pre-tax profit margin %	3.69	0.92		3.46	3.63		7.53
Current ratio	0.54	0.51		0.81	0.44		2.83
Sales/Net Working Capital	-3.28	-3.24	-13.39			-2.74		0.87
Gearing %	3.50	3.80	4.10			3.20		2.60
Equity in %	69.20	70.30	85			78		72.90
Creditor Days	32.36	41.38	33.54			33.08		33.22
Debtor Days	58.36	50.71	44.96			48.20		47.07
Liquidity/Acid Test	0.35	0.32	0.50			0.27		2.67
Return On Capital	2.75	0.69	2.02			1.83		5.15
Employed %
Return On Total Assets	1.84	0.47	1.64			1.38		3.60
Employed %
Current Debt Ratio	0.51	0.49	0.23			0.33		0.43
Total Debt Ratio	0.54	0.52	0.26			0.36		0.46
Stock Turnover Ratio %	12.35	11.35	11.63			10.72		9.82
Return on Net Assets Employed %	2.85	0.72	2.07			1.88		5.26

Status History

No Status History found

Event History

Date	Description
08/01/2014	New Accounts Filed
08/01/2014	New Accounts Filed
01/11/2013	New Board Member Mr D.M. Byrka appointed
25/10/2013	Mr Y.P. Tsavalas has left the board
25/10/2013	Mr P. Banning has resigned as company secretary
25/10/2013	Mr P. Banning has left the board
25/10/2013	New Board Member Mr T. Moran appointed
25/10/2013	New Board Member Mr D.M. Byrka appointed
25/10/2013	New Board Member Mr M.G. Mullin appointed
25/10/2013	New Board Member Mr J. Mannerkoski appointed
28/09/2013	Annual Returns
10/07/2013	Mr F. Ceccarelli has left the board
10/07/2013	Mrs J. McFarland has left the board
10/07/2013	Mr J.M. Ward has left the board
10/07/2013	New Board Member Mr K.H. Dehnert appointed

Previous Company Names

No Previous Names found

Statistics

Group	91 companies
Linkages	71 companies

Summary

Holding Company	EATON HOLDING LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	EATON CORPORATION PUBLIC LIMITED COMPANY

Group structure

COMPANY NAME		REGISTERED NUMBER		LATEST KEY FINANCIALS	CONSOL. ACCOUNTS		TURNOVER
EATON CORPORATION PUBLIC...		IE512978		31.12.2012	Y		€11,844,928,815
COOPER INDUSTRIES		IE471594		31.12.2012	Y		€7,727,645
BZ HOLDINGS, LLC				-	-		$194,000
COOPER INDUSTRIES INC				-	-		$970,000
COOPER OFFSHORE HO...		N/A		-	-
COOPER CONTROLS (...		06023445		31.12.2012	N
APEX LIGHTING C...		04546943		31.12.2012	N
COOPER CONTROLS...		05029521		31.12.2012	N		£10,015,000
POLARON ENGIN...		01027048		31.12.2012	N
COOPER CONT...		00739673		31.12.2012	N		£3,201,442
MARATA GROU...		04399802		31.12.2012	N
FOTADVISE...		01495140		31.12.2012	N
MERCURY SWI...		00793777		31.12.2012	N
POLARON E...		00457336		31.12.2012	N
POLARON COM...		00383431		31.12.2012	N		£2,288,257,000
ROSSULA LIMITED		01259598		31.12.2012	N
FITTING IMA...		03427510		31.03.2013	N
LIGHT PROCE...		01717143		31.12.2012	N
LIGHTFACTOR...		01625515		31.03.2013	N
LIGHTFACTOR...		01292747		31.12.2012	N
ILIGHT GROUP...		02860867		31.12.2012	N
ILIGHT LIMITED		02811846		31.12.2012	N
POLARON M...		01078182		31.12.2012	N
ZERO 88 LIG...		03586095		31.12.2012	N
MOUNT ENGINEERI...		06231396		31.12.2012	N
MOUNT (YORK)...		05526509		31.12.2012	N
HI-FLOW VAL...		02894057		31.12.2012	N
EX INNOVATI...		01319188		31.12.2012	N		£5,650,413
REDAPT ENGI...		01443060		31.12.2012	N
THE MTL INSTRUM...		01871978		31.12.2012	N		£566,000
OCEAN TECHNIC...		01501658		31.12.2012	N		£3,610,610
GECMA COMPONE...		HRB 42513		31.12.2012	N		€6,876,923
MEASUREMENT T...		01012778		31.12.2012	N		£51,304,000
RTK INSTRUMEN...		06250603		31.12.2012	N		£5,935,102
COOPER U.K. LTD		N/A		-	-
DFL FUSEGEAR LIMITED		00362998		31.12.2012	N
COOPER INDUSTRIES, LLC				-	-		$5,065,900,000
COOPER INDUSTRIES...		07259750		31.12.2012	N
COOPER INDUSTRIES...		07259915		31.12.2012	N
COOPER INTERNATIONAL...		N/A		-	-
COOPER INDUSTRIES...		08271991		-	N
BROOMCO (1644) LI...	°36,2°,2		3,.,2.20,2			£,oo,ooo
CROMPTON LIGHTI...	03002225		31.12.2012			-
CROMPTON LIGH...	03002226		31.12.2012			-
COOPER LIGHTI...	03012749		31.12.2012			£1,700,000		£69,475,000
KESTRON UNI...	01227966		31.12.2012			-
REGALSAFE L...	01686112		31.12.2012			-
COOPER MEDC LIMITED	01202172		31.12.2012			£485,000		£24,803,000
COOPER US INC	N/A		-			-
EATON ELECTRIC HOLDI...	N/A		-			-
B & S FUSES LIMITED	01268445		31.12.2012			-
COOPER BUSSMANN (U...	00363685		31.12.2012			£1,100,000		£57,499,000
COOPER INDUSTRIES...	03426515		31.12.2012			£850,000
COOPER (UK) GROUP...	03592541		31.12.2012			£500
JSB ELECTRICAL...	00753135		31.12.2012			-
COOPER B-LINE LIM...	00619241		31.12.2012			£1,500		£6,637,508
COOPER CROUSE-HIN...	03837961		31.12.2012			£115,000		£26,018,000
COOPER SAFETY LIM...	01904612		31.12.2012			£3,750,000
MENVIER LIMITED	01196146		31.12.2012			-
MENVIER SECURIT...	01435158		31.12.2012			-
MENVIER OVERSEA...	01582445		31.12.2012			£100,000
SCANTRONIC HOLD...	01771935		31.12.2012			-
COOPER SECURI...	01396471		31.12.2012			£800,000		£18,448,000
SCANTRONIC LI...	01639364		31.12.2012			-
FIRECOM LIM...	02215407		31.12.2012			-
SCANTRONIC IN...	01669220		31.12.2012			-
MSG LEASING LIM...	02783207		31.12.2012			-
COOPER FULLEON...	01342230		31.12.2012			£260,000		£19,852,000
MARTEK POWER	B101039		31.12.2011			-
MARTEK POWER LIMITED	04588863		31.12.2012			£100,000
EATON HOLDINGS			-			-		$300,000
EATON HOLDING LIMITED	03316660		31.12.2012			-
EATON LIMITED	00155621		31.12.2012			£1,150,000		£145,340,000
EATON POWER SOLUT...	00701841		31.12.2012			£195,000		£24,617,000
EATON INDUSTRIES...	01421976		31.12.2012			£220,000		£27,931,000
EATON FILTRATION...	02364680		31.12.2012			-
EATON POWER QUALI...	02644310		31.12.2012			£265,000		£33,424,000
AEROQUIP-VICKERS...	01771356		31.12.2012			-
EATON PENSION P...	02554378		31.12.2012			-
AEROQUIP LIMITED	01952602		31.12.2012			-
EATON UK RETIRE...	02554376		31.12.2012			-
EATON ELECTRIC LIM...	04617032		31.12.2012			£110,000		£82,793,000
EATON HOLDING II L...	06565168		31.12.2012			£500
INTEG HOLDINGS LI...	01088059		31.12.2012			£160,000
APHEL TECHNOLOGIES...	03496172		31.12.2012			£50,000
APHEL LIMITED	01550284		31.12.2012			-
EATON INDUSTRIES L...	05494884		31.12.2012			£1,000
EATON AEROSPACE L...	00896075		31.12.2012			£240,000		£135,666,000
ULTRONICS LIMITED	03239610		31.12.2012			£1,000		£303,000
EATON HOLDING SE & CO. KG	HRA 7263		31.12.2010			€50,000
MOELLER HOLDING LIMITED	00581616		31.12.2012			£900,000

Statistics

Group	91 companies
Linkages	71 companies
Countries	In 8 countries

Other Linked companies

NAME	NUMBER	LATEST KEY FINANCIALS	TURNOVER
EATON AUTOMOTIVE GESELLSCHAFT MIT BESCHRANKTER HAFTUNG	HRB 400071	31.12.2011	€38,227,157
APEX TOOL FINANCE UK 2 LIMITED	07253956	31.12.2012
APEX TOOL HOLDING UK LIMITED	07254185	31.12.2012
APEX TOOL GROUP (UK OPERATIONS) LIMITED	02984345	31.12.2012	£11,158,000
APEX TOOL FINANCE UK 1 LIMITED	07253826	31.12.2012	£11,158,000
SOC EQUIP MAINTENANCE ELCTRIQUE ELECTR	719853194	31.12.2012	€1,387,279
S I H A - GETRANKESCHUTZ GMBH	HRB 1028	31.12.2011
KELVIN S.R.L.	VR321380	31.12.2012	€42,438,226
EATON MOELLER S.A R.L.	B135885	31.12.2012	€843,433
FGV VERSICHERUNGSVERMITTLUNGS-GMBH	HRB 17849	31.12.2012
HEIN MOELLER STIFTUNG GMBH	HRB 3392	31.12.2012
BECO VERWALTUNGS-GMBH	HRB 2258	31.03.2012
INTEGRATED HYDRAULICS GMBH	HRB 708561	31.12.2009
EATON VERWALTUNGS GMBH	HRB 701272	01.01.2012
MOELLER EATON HOLDING GMBH	HRB 16604	31.12.2010
INSTITUTE FOR INTERNATIONAL PRODUCT SAFETY GMBH	HRB 12367	31.12.2012	€6,596,442
EATON GERMANY GMBH	HRB 710738	31.12.2010
EATON TECHNOLOGIES GMBH	HRB 6425	31.12.2011	€22,104,135
EATON GERMANY GMBH	HRB 712126	30.06.2011
ULTRONICS NORDIC SALES AB	5566400221	31.12.2012	7,931 KSEK

Exact CCJ Details

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

Mortgage Details

Mortgage Details
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	25/06/97
Date Charge Registered:	04/07/97
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	EATON BV
Amount Secured:	£7,175,000 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE CHARGE
Details:	ALL F/H AND L/H PREMISES UNDER T/NO;-LA267912 AND ALL F/H AMD L/H PREMISES DESCRIBED AND TRANSFERREDBY A TRANSFER DATED 13TH JUNE 1997 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
David Joseph Williams	0	3
Nicholas George Dupenois	24	29
Nicholas George Dupenois	24	29
Gunther Vieten	4	6
Edward Raymond Cromling	1	2
Patrick Xavier Donovan	0	1
John Stuart Rodewig	0	2
Alan Edward Best	0	2
David Adams	1	1
Paul William Anthony Smyth	3	4
Joaquin Zuza	0	1
Gregory Lang	0	1
Joseph Thomas Coppola	0	1
John Fairhurst	1	4
Jean Pierre Lacombe	0	3
James Dewar Pryde	4	22
Axel Kemp Engelberg	0	1
Paul Banning	4	28
Ian Bryce Yule	13	25
George William Cooper	0	2
James Mcdermid Ward	15	4
Jeanette McFarland	0	2
David Lee Simpson	0	1
Carlo Ghirardo	0	1
Paul Banning	0	1
Yannis Pavlos Tsavalas	0	3
Fernando Ceccarelli	0	1

Average Invoice Value	£436.54
Invoices available	255
Paid	204
Outstanding	51

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	82	66	29	5	22
Outstanding	17	15	18	1	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.02
UK Pound	1	Rs.99.42
Euro	1	Rs.77.84

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	NIS

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.