MIRA INFORM REPORT

Report No. :	307250
Report Date :	07.02.2015

IDENTIFICATION DETAILS

Name :	EATON LIMITED

Registered Office :	Po Box 554 Abbey Park Southampton Road Titchfield, po14 9ed

Country :	United Kingdom

Financials (as on) :	31.12.2013

Date of Incorporation :	30.05.1919

Com. Reg. No.:	00155621

Legal Form :	Private Limited With Share Capital

Line of Business :	· Subject is a diversified power management company that provides energy-efficient solutions to effectively manage electrical, hydraulic and mechanical power. Engaged in manufacturing operations, including aerospace, vehicle 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 :	992 (31.12.2013)

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but Correct
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 – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

United Kingdom

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

Company Status: Active - Accounts Filed

Registered Address: PO BOX 554 ABBEY PARKSOUTHAMPTON ROADTITCHFIELDPO14 9ED

Company Summary

Registered Address

PO BOX 554 ABBEY PARK
SOUTHAMPTON ROAD
TITCHFIELD
PO14 9ED

Trading Address

Abbey Park
Southampton Road
Titchfield
Hampshire
PO14 9ED

Website Address http://www.eaton.uk.com

Telephone Number 01329853000

Incorporation Date 30/05/1919

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 01/11/2014

Currency GBP

Share Capital £2,100,001

Principal Activity

· Subject is a diversified power management company that provides energy-efficient solutions to effectively manage electrical, hydraulic and mechanical power.

Engaged in manufacturing operations, including aerospace, vehicle 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.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/12/2013 £163,729,000 -£105,776,000 £80,754,000 992

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

Mortgage Summary

Total Mortgage 1

Outstanding 1

Satisfied 0

Commentary

This company has been treated as a Large company in respect of the rating/limit generated.

This company's return on total assets employed ratio indicates a negative return on assets.

This company has made late payments on a medium percentage of invoices.

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

The company has more cash than short term bank borrowings.

This company trades in an industry with a higher level of corporate failures.

Payment Information

DBT	17
Industry DBT	19

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	140	84	30	9	14
Outstanding	1	1	0	2	0

Current Directors

Name	Martin Gerard Mullin	Date of Birth	05/05/1966
Officers Title	Mr	Nationality	British
Present Appointments	13	Function	Director
Appointment Date	10/10/2013
Address	Po Box 554 Abbey Park, Southampton Road, Titchfield, Fareham, PO14 4QA

Name	Peter Paul Martin	Date of Birth	23/07/1969
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	01/04/2014
Address	28 Craigton Road, Milngavie, Glasgow, G62 7JR

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	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	Darren Michael Byrka	Date of Birth	28/12/1968
Officers Title	Mr	Nationality	Canadian
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

Current Company Secretary

Top 20 Shareholders

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

Profit & Loss

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	£163,729,000	12.7%	£145,340,000	2.6%	£141,677,000	6.6%	£132,942,000	18.4%	£112,324,000
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	£137,120,000	12.3%	£122,145,000	4.3%	£117,073,000	6.2%	£110,192,000	13.1%	£97,405,000
Gross Profit	£26,609,000	14.7%	£23,195,000	-5.7%	£24,604,000	8.1%	£22,750,000	52.5%	£14,919,000
Wages & Salaries	£54,502,000	26.4%	£43,110,000	5.1%	£41,016,000	9.8%	£37,348,000	16.6%	£32,043,000
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-£9,606,000	-318.5%	£4,397,000	999.9%	-£431,000	-114.3%	£3,015,000	490.5%	-£772,000
Depreciation	£2,434,000	-3.3%	£2,516,000	2.9%	£2,444,000	-9.8%	£2,711,000	-7.5%	£2,930,000
Audit Fees	£188,000	6.8%	£176,000	-	£176,000	4.1%	£169,000	3%	£164,000
Interest Payments	£212,000	161.7%	£81,000	88.4%	£43,000	-88.4%	£371,000	999.9%	£14,000
Pre Tax Profit	-£105,776,000	-999.9%	£5,361,000	312.1%	£1,301,000	-71.7%	£4,594,000	12.7%	£4,076,000
Taxation	-£1,121,000	-474.9%	-£195,000	-709.4%	£32,000	-92.8%	£443,000	-46.4%	£826,000
Profit After Tax	-£106,897,000	-999.9%	£5,166,000	287.5%	£1,333,000	-73.5%	£5,037,000	2.8%	£4,902,000
Dividends Payable	-	-	-	-100%	£42,100,000	-	-	-	-
Retained Profit	-£106,897,000	-999.9%	£5,166,000	112.7%	-£40,767,000	-909.4%	£5,037,000	2.8%	£4,902,000

Balance Sheet

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Tangible Assets	£285,004,000	30.2%	£218,938,000	3.4%	£211,741,000	-3.1%	£218,589,000	-10.7%	£244,719,000
Intangible Assets	£25,416,000	29.3%	£19,660,000	3.1%	£19,063,000	2.7%	£18,570,000	3.5%	£17,939,000
Total Fixed Assets	£310,420,000	30.1%	£238,598,000	3.4%	£230,804,000	-2.7%	£237,159,000	-9.7%	£262,658,000
Stock	£70,293,000	291.4%	£17,958,000	11.6%	£16,093,000	4%	£15,469,000	28.4%	£12,052,000
Trade Debtors	£50,646,000	117.3%	£23,303,000	18.1%	£19,738,000	20.2%	£16,421,000	10.4%	£14,874,000
Cash	£1,021,000	21.8%	£838,000	-	0	-	0	-	0
Other Debtors	£19,371,000	93.9%	£9,990,000	10.4%	£9,051,000	-7.1%	£9,745,000	103%	£4,801,000
Miscellaneous Current Assets	£226,000	2.3%	£221,000	-3.9%	£230,000	-	£230,000	4.1%	£221,000
Total Current Assets	£141,557,000	170.6%	£52,310,000	16%	£45,112,000	7.8%	£41,865,000	31%	£31,948,000
Trade Creditors	£30,854,000	138.8%	£12,923,000	-19.8%	£16,109,000	31.5%	£12,252,000	20%	£10,209,000
Bank Loans & Overdrafts	0	-	0	-100%	£317,000	-89.8%	£3,121,000	176%	£1,131,000
Other Short Term Finance	£289,265,000	326.9%	£67,761,000	15.7%	£58,543,000	192.9%	£19,990,000	-57.3%	£46,780,000
Miscellaneous Current Liabilities	£21,285,000	33.9%	£15,902,000	14.2%	£13,926,000	-15.3%	£16,432,000	10.7%	£14,848,000
Total Current Liabilities	£341,404,000	253.5%	£96,586,000	8.7%	£88,895,000	71.6%	£51,795,000	-29%	£72,968,000
Bank Loans & Overdrafts and LTL	£29,819,000	352.1%	£6,596,000	-2.7%	£6,781,000	-25.3%	£9,079,000	31.5%	£6,903,000
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	£29,819,000	352.1%	£6,596,000	2%	£6,464,000	8.5%	£5,958,000	3.2%	£5,772,000

Capital & Reserves

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Called Up Share Capital	£2,100,000	-	£2,100,000	-	£2,100,000	-	£2,100,000	-	£2,100,000
P & L Account Reserve	-£56,903,000	-213.1%	£50,317,000	12.3%	£44,802,000	-47.6%	£85,577,000	6.6%	£80,257,000
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	£135,557,000	0.2%	£135,309,000	1.2%	£133,655,000	0%	£133,594,000	0.1%	£133,509,000
Shareholder Funds	£80,754,000	-57%	£187,726,000	4%	£180,557,000	-18.4%	£221,271,000	2.5%	£215,866,000

Other Financial Items

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Net Worth	£55,338,000	-67.1%	£168,066,000	4.1%	£161,494,000	-20.3%	£202,701,000	2.4%	£197,927,000
Working Capital	-£199,847,000	-351.4%	-£44,276,000	-1.1%	-£43,783,000	-340.9%	-£9,930,000	75.8%	-£41,020,000
Total Assets	£451,977,000	55.4%	£290,908,000	5.4%	£275,916,000	-1.1%	£279,024,000	-5.3%	£294,606,000
Total Liabilities	£371,223,000	259.8%	£103,182,000	8.2%	£95,359,000	65.1%	£57,753,000	-26.7%	£78,740,000
Net Assets	£80,754,000	-57%	£187,726,000	4%	£180,557,000	-18.4%	£221,271,000	2.5%	£215,866,000

Miscellaneous

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£110,573,000	-43.1%	£194,322,000	3.9%	£187,021,000	-17.7%	£227,229,000	2.5%	£221,638,000
Number of Employees	992	23.4%	804	3.1%	780	1.2%	771	-2.3%	789
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	31/12/13	31/12/12	31/12/11	31/12/10	31/12/09
Pre-tax profit margin %	-64.60	3.69	0.92	3.46	3.63
Current ratio	0.41	0.54	0.51	0.81	0.44
Sales/Net Working Capital	-0.82	-3.28	-3.24	-13.39	-2.74
Gearing %	36.90	3.50	3.80	4.10	3.20
Equity in %	18.90	69.20	70.30	85	78
Creditor Days	68.59	32.36	41.38	33.54	33.08
Debtor Days	112.59	58.36	50.71	44.96	48.20
Liquidity/Acid Test	0.20	0.35	0.32	0.50	0.27
Return On Capital Employed %	-95.66	2.75	0.69	2.02	1.83
Return On Total Assets Employed %	-23.40	1.84	0.47	1.64	1.38
Current Debt Ratio	4.22	0.51	0.49	0.23	0.33
Total Debt Ratio	4.59	0.54	0.52	0.26	0.36
Stock Turnover Ratio %	42.93	12.35	11.35	11.63	10.72
Return on Net Assets Employed %	-130.98	2.85	0.72	2.07	1.88

Event History

Date	Description
10/11/2014	New Accounts Filed
26/09/2014	Annual Returns
24/09/2014	New Board Member Mr M.G. Mullin appointed
23/05/2014	New Board Member Mr P.P. Martin appointed
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

Statistics

Group	85 companies
Linkages	73 companies
Countries	In 10 countries

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	31.12.2013	Y	€18,255,984,578
COOPER INDUSTRIES	IE471594	31.12.2013	N	€2,909,856
BZ HOLDINGS, LLC		-	-
COOPER INDUSTRIES INC		-	-	$970,000
COOPER OFFSHORE HO...	N/A	-	-
COOPER CONTROLS (...	06023445	31.12.2013	N
APEX LIGHTING C...	04546943	31.12.2013	N
COOPER CONTROLS...	05029521	31.12.2013	N	£11,130,000
POLARON ENGIN...	01027048	31.12.2013	N
COOPER CONT...	00739673	31.12.2013	N	£2,445,155
MARATA GROU...	04399802	31.12.2013	N
MERCURY SWI...	00793777	31.12.2013	N
POLARON COM...	00383431	31.12.2013	N	£1,891,278
ROSSULA LIMITED	01259598	31.12.2013	N
FITTING IMA...	03427510	31.03.2014	N
LIGHT PROCE...	01717143	31.12.2013	N
LIGHTFACTOR...	01625515	31.03.2014	N
ILIGHT GROUP...	02860867	31.12.2013	N
ILIGHT LIMITED	02811846	31.12.2013	N
POLARON M...	01078182	31.12.2013	N
ZERO 88 LIG...	03586095	31.12.2013	N
MOUNT ENGINEERI...	06231396	31.12.2013	N
MOUNT (YORK)...	05526509	31.12.2013	N
EX INNOVATI...	01319188	31.12.2013	N	£10,808,847
REDAPT ENGI...	01443060	31.12.2013	N
THE MTL INSTRUM...	01871978	31.12.2013	N	£566,000
OCEAN TECHNIC...	01501658	31.12.2013	N	£3,130,465
GECMA COMPONE...	HRB 42513	31.12.2013	N	€5,924,777
MEASUREMENT T...	01012778	31.12.2013	N	£45,899,000
RTK INSTRUMEN...	06250603	31.12.2013	N	£5,580,883
COOPER U.K. LTD	N/A	-	-
COOPER INDUSTRIES		-	-
COOPER INDUSTRIES...	07259750	31.12.2013	N
COOPER INDUSTRIES...	07259915	31.12.2013	N
COOPER INTERNATIONAL...	N/A	-	-
COOPER INDUSTRIES...	08271991	31.12.2013	N
BROOMCO (1644) LI...	03612012	31.12.2013	N
CROMPTON LIGHTI...	03002225	31.12.2013	N
CROMPTON LIGH...	03002226	31.12.2013	N
COOPER LIGHTI...	03012749	31.12.2013	N	£66,408,000
KESTRON UNI...	01227966	31.12.2013	N
REGALSAFE L...	01686112	31.12.2013	N
COOPER MEDC LIMITED	01202172	31.12.2013	N	£25,406,000
COOPER US INC	N/A	-	-
EATON ELECTRIC HOLDI...	N/A	-	-
B & S FUSES LIMITED	01268445	31.12.2013	N
COOPER BUSSMANN (U...	00363685	31.12.2013	N	£57,089,000
COOPER INDUSTRIES...	03426515	31.12.2013	N
COOPER (UK) GROUP...	03592541	31.12.2013	N
JSB ELECTRICAL...	00753135	31.12.2013	N
COOPER B-LINE LIM...	00619241	31.12.2013	N	£4,634,126
COOPER CROUSE-HIN...	03837961	31.12.2013	N	£20,347,000
COOPER SAFETY LIM...	01904612	31.12.2013	N
MENVIER LIMITED	01196146	31.12.2013	N
MENVIER OVERSEA...	01582445	31.12.2013	N
SCANTRONIC HOLD...	01771935	31.12.2013	N
COOPER SECURI...	01396471	31.12.2013	N	£15,512,000
SCANTRONIC LI...	01639364	31.12.2013	N
FIRECOM LIM...	02215407	31.12.2013	N
SCANTRONIC IN...	01669220	31.12.2013	N
MSG LEASING LIM...	02783207	31.12.2013	N
COOPER FULLEON...	01342230	31.12.2013	N	£20,075,000
MARTEK POWER	B101039	31.12.2011	N
MARTEK POWER LIMITED	04588863	31.12.2013	N
EATON HOLDINGS		-	-	$300,000
EATON HOLDING LIMITED	03316660	31.12.2013	N
EATON LIMITED	00155621	31.12.2013	N	£163,729,000
EATON POWER SOLUT...	00701841	31.12.2013	N	£6,582,000
EATON INDUSTRIES...	01421976	31.12.2013	N	£23,859,000
EATON PENSION PLA...	02554378	31.12.2013	N
EATON POWER QUALI...	02644310	31.12.2013	N	£29,081,000
AEROQUIP-VICKERS...	01771356	31.12.2013	N
AEROQUIP LIMITED	01952602	31.12.2013	N
EATON UK RETIREME...	02554376	31.12.2013	N
EATON ELECTRIC LIM...	04617032	31.12.2013	N	£68,315,000
EATON HOLDING II L...	06565168	31.12.2013	N
INTEG HOLDINGS LI...	01088059	31.12.2013	N
APHEL TECHNOLOGIES...	03496172	31.12.2013	N
APHEL LIMITED	01550284	31.12.2013	N
EATON INDUSTRIES L...	05494884	31.12.2013	N
EATON AEROSPACE L...	00896075	31.12.2013	N	£131,646,000
ULTRONICS LIMITED	03239610	31.12.2013	N
EATON INDUSTRIES (IREL...	IE513275	31.12.2013	N	€824,114
EATON HOLDING SE & CO. KG	HRA 7263	31.12.2012	N	€52,741,059
MOELLER HOLDING LIMITED	00581616	31.12.2013	N

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		£694.61
Invoices available		281
Paid		277
Outstanding		4

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	140	84	30	9	14
Outstanding	1	1	0	2	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.74
UK Pound	1	Rs.94.65
Euro	1	Rs.70.79

INFORMATION DETAILS

Analysis Done by :	DIV

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.

Name	Number	Latest Key Financials	Turnover
EATON AUTOMOTIVE GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG	HRB 400071	31.12.2012	€35,020,899
HERNIS SCAN SYSTEMS AS	953054086	31.12.2013	397,296 KNOK
APEX TOOL FINANCE UK 2 LIMITED	07253956	31.12.2013
APEX TOOL HOLDING UK LIMITED	07254185	31.12.2013
APEX TOOL GROUP (UK OPERATIONS) LIMITED	02984345	31.12.2013	£11,149,000
APEX TOOL FINANCE UK 1 LIMITED	07253826	31.12.2013	£11,149,000
SOC EQUIP MAINTENANCE ELCTRIQUE ELECTR	719853194	31.12.2013	€1,347,524
EATON GERMANY GMBH	HRB 712126	31.12.2012	€220,348,634
S I H A - GETRÄNKESCHUTZ GMBH	HRB 1028	31.12.2011
EATON INDUSTRIAL IP GMBH & CO. KG	HRA 2693 CB	31.12.2012
KELVIN S.R.L.	VR321380	31.12.2013	€63,214,123
EATON MOELLER S.À R.L.	B135885	31.12.2012	€843,433
FGV VERSICHERUNGSVERMITTLUNGS-GMBH	HRB 17849	31.12.2013
BECO VERWALTUNGS-GMBH	HRB 2258	31.03.2012
INTEGRATED HYDRAULICS GMBH	HRB 708561	31.12.2009
EATON VERWALTUNGS GMBH	HRB 701272	31.12.2013
MOELLER EATON HOLDING GMBH	HRB 16604	31.12.2010
INSTITUTE FOR INTERNATIONAL PRODUCT SAFETY GMBH	HRB 12367	31.12.2013	€6,519,632
EATON GERMANY GMBH	HRB 710738	31.12.2010
EATON TECHNOLOGIES GMBH	HRB 6425	31.12.2012	€126,058,908