MIRA INFORM REPORT

Report No. :	321980
Report Date :	28.05.2015

IDENTIFICATION DETAILS

Name :	INGERSOLL-RAND INTERNATIONAL LIMITED
Formerly Known As :	INGERSOLL-RAND [IRELAND] HOLDING & TRADING CORPORATION LIMITED
Registered Office :	170/175 Lakeview Drive, Airside Business Park, Swords, 650010
Country :	Ireland
Date of Incorporation :	30.10.2001
Com. Reg. No.:	IE349511
Legal Form :	Not Available
Line of Business :	Activities of head offices [We tried to confirm / obtain the detailed activity but the same is not available from any sources]
No. of Employee :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
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)
Ireland	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
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 dropped sharply during the world financial crisis and the subsequent collapse of its domestic property market and construction industry. Faced with sharply reduced revenues and a burgeoning budget deficit from efforts to stabilize its fragile banking sector, the Irish Government introduced the first in a series of draconian budgets in 2009. 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. 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 banking sector and avoid defaulting on its sovereign debt. In March 2011, the KENNY government intensified austerity measures to meet the deficit targets under Ireland's EU-IMF bailout program. 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. In 2014, the economy rapidly picked up and GDP grew by 3.6%. The recovering economy assisted lowering the deficit to 4.2% of GDP. In late 2014, the government introduced a fiscally neutral budget, marking the end of the austerity program. 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. Ireland’s low corporation tax of 12.5% has been central to encouraging business investment. Loose tax residency requirements made Ireland a common destination for international firms seeking to avoid taxation. Amid growing international pressure the government announced it would phase in more stringent tax laws, effectively closing a loophole.

Source : CIA

Company Name

INGERSOLL-RAND INTERNATIONAL LIMITED

Company No

IE349511

Registered Address

170/175 LAKEVIEW DRIVE AIRSIDE BUSINESS PARK SWORDS 650010

Company Summary

Registered Address

170/175 LAKEVIEW DRIVE
AIRSIDE BUSINESS PARK
SWORDS
650010

Trading Address

170/175 LAKEVIEW DRIVE
AIRSIDE BUSINESS PARK
SWORDS
CO DUBLIN

Website Address -

Telephone Number 018707000

Fax Number

TPS No

FPS No

Incorporation Date 30/10/2001

Previous Name INGERSOLL-RAND [IRELAND] HOLDING & TRADING CORPORATION LIMITED

Type Other

FTSE Index -

Date of Change -

Filing Date of Accounts -

Currency USD

Share Capital €10

SIC07 70100

Charity Number -

SIC07 Description ACTIVITIES OF HEAD OFFICES

Principal Activity

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/12/2013 - - - -

31/12/2012 - - - -

31/12/2011 - - - -

Mortgage Summary

Total Mortgage 0

Outstanding 0

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade €0

Commentary

No comments to display

CJ

Total Number of Exact CJs -	0	Total Value of Exact CJs -	€0
Total Number of Possible CJs -	0	Total Value of Possible CJs -	€0
Total Number of Satisfied CJs -	0	Total Value of Satisfied CJs -	€0

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Total Current Directors	3
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	23

Current Directors

Name	CHRISTOPHER DONOHOE	Date of Birth	04/09/1971
Officers Title		Nationality
Present Appointments	5	Function	Director
Appointment Date	22/07/2009
Address	4 RIVERVIEW, OLD LUCAN ROAD, PALMERSTOWN, DUBLIN 20
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	MICHAEL FRANCIS SYLVER	Date of Birth	06/06/1973
Officers Title		Nationality
Present Appointments	8	Function	Director
Appointment Date	21/02/2014
Address	13 TOWER HALL, SWORDS CENTRAL, MAIN STREET, SWORDS CO. DUBLIN
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	PASCAL CAMPAIGNOLLE	Date of Birth	02/05/1962
Officers Title		Nationality
Present Appointments	2	Function	Director
Appointment Date	16/11/2012
Address	CLOS DES PALOMBES 6, 1410 WATERLOO, BELGIUM
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	MIHAELA CRISTEA	Date of Birth	-
Officers Title		Nationality
Present Appointments	1	Function	Company Secretary
Appointment Date	14/01/2010
Address	11 BOROIMHE ROWAN, SWORDS, CO. DUBLIN
Other Actions
Disqualified		Disqualified End Date
Disqualification Exception	No

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
INGERSOLL-RAND IRISH HOLDINGS	USD	1	ORDINARY	10	100

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	EUR	(%)	EUR	(%)	EUR	(%)	EUR	(%)	EUR
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	-	-	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Tangible Assets	0	-	0	-	0	-	0	-	0
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	0	-	0	-	0	-	0	-	0
Stock	0	-	0	-	0	-	0	-	0
Trade Debtors	0	-	0	-	0	-	0	-	0
Cash	0	-	0	-	0	-	0	-	0
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	0	-	0	-	0	-	0	-	0
Trade Creditors	0	-	0	-	0	-	0	-	0
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	0	-	0	-	0	-	0	-	0
Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
Total Current Liabilities	0	-	0	-	0	-	0	-	0
Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

.

Capital & Reserves

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Called Up Share Capital	-	-	-	-	-	-	-	-	-
P & L Account Reserve	-	-	-	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	-	-	-	-	-	-	-	-	-

Other Financial Items

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Net Worth	-	-	-	-	-	-	-	-	-
Working Capital	-	-	-	-	-	-	-	-	-
Total Assets	-	-	-	-	-	-	-	-	-
Total Liabilities	-	-	-	-	-	-	-	-	-
Net Assets	-	-	-	-	-	-	-	-	-

Cash Flow

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

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	-	-	-	-	-	-	-	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors	PRICEWATERHOUSECOOPERS
Auditor Comments	The audit report contains no adverse comments
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/12/13	31/12/12	31/12/11	31/12/10	31/12/09
Pre-tax profit margin %	-	-	-	-	-
Current ratio	-	-	-	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	0	0	0	0
Equity in %	-	-	-	-	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	-	-	-	-	-
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	-	-	-	-	-
Total Debt Ratio	-	-	-	-	-
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Event History View Documents

Date	Description
09/12/2014	New Accounts Filed
13/11/2014	Annual Returns
21/02/2014	New Board Member (MICHAEL FRANCIS SYLVER) appointed
31/12/2013	PAUL O'SULLIVAN has left the board
07/11/2013	New Accounts Filed
06/11/2013	Annual Returns
16/11/2012	New Board Member (PASCAL CAMPAIGNOLLE) appointed
12/11/2012	New Accounts Filed
10/11/2012	Annual Returns
09/12/2011	ALAN CAMERON SMITH has left the board
03/12/2011	New Accounts Filed
02/12/2011	Annual Returns
17/06/2011	ANDREW SANDERS has left the board
17/06/2011	New Board Member (ALAN CAMERON SMITH) appointed
23/03/2011	MARK LESLIE HOSKINS has left the board

Statistics

Group	15 companies
Linkages	81 companies
Countries	In 20 countries

Summary

Holding Company	INGERSOLL-RAND IRISH HOLDINGS
Ownership Status	Wholly Owned
Ultimate Holding Company	INGERSOLL-RAND PUBLIC LIMITED COMPANY

Group Structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
INGERSOLL-RAND PUBLIC LI...	IE469272	31.12.2013	Y	€9,824,541,586
INGERSOLL-RAND LUX CLO...	N/A	-	-
HUSSMANN CORP		-	-
INGERSOLL-RAND HOL...	24261436	31.12.2013	N
INGERSOLL-RAND CL...	02510891	31.12.2013	N
INGERSOLL-RAND CO		-	-
INGERSOLL-RAND BES...	5561353565	31.12.2014	Y
BEST MATIC INTERN...	01918664	31.12.2013	N
INGERSOLL-RAND S.A.	CHE102323058	-	-
INGERSOLL-RAND EUR...	34122276	31.12.2013	N	€321,081
INGERSOLL-RAND UK...	01025670	31.12.2013	N	£2,951,962
INGERSOLL-RAND IRI...	IE296444	31.12.2013	Y
INGERSOLL-RAND IN...	IE349511	31.12.2013	N
INGERSOLL-RAND...	IE377938	31.12.2013	N	€2,495,389
INGERSOLL-RAND IN...	IE387402	31.12.2013	N

Business Owner Links

	Business Name	Business No	Business Status.
	INGERSOLL-RAND INTERNATIONAL LIMITED	IE349511
	TRANE	535053	NORMAL
	THERMO KING	417595	NORMAL

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.95
UK Pound	1	Rs.98.64
Euro	1	Rs.69.86

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	ASH

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.