MIRA INFORM
REPORT
|
Report Date : |
03.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
UMA ENTERPRISES INC |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
08.12.1986 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Importers and wholesalers
in the Home Decor Industry |
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 |
|
Maximum Credit Limit : |
USD 1.000.000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
Regular |
|
|
|
|
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 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GEOPOLITICS - UNITED STATES
|
POLITICAL DATA |
ECONOMIC DATA |
|
Form of Government: Federal
|
Currency: USD |
IDENTIFICATION
|
Ordered as: |
UMA Enterprises Inc |
||
|
Address in the order: |
660, |
||
|
|
|
||
|
Legal Name: |
UMA Enterprises Inc |
||
|
|
|
||
|
Legal Address |
|
||
|
|
|
||
|
Telephone: |
(310) 631-1166 |
ID : |
C1393435 |
|
Fax: |
(310) 631-2124 |
Legal Form: |
Corporation for Profit |
|
Email: |
Registered in: |
|
|
|
Website: |
Date Created: |
1986 |
|
|
Manager: |
Avadhesh Agarwal, President |
Date Incorporated: |
December, 8th. 1986 |
|
Staff: |
130 |
Stock: |
NA |
|
|
|
Value: |
NA |
|
Activity: |
Importers and wholesalers in the Home Decor Industry |
||
BANKS
|
Name of the Bank |
WELLS FARGO BANK, N.A. |
BUSINESS
|
HISTORY |
|
|
|
The company was founded in 1986. |
|
PRINCIPAL ACTIVITY |
|
|
|
Importers and wholesalers in the Home Decor Industry |
|
Products/Services description: |
|
|
|
Products include: table top accessories, sclupture, wall decor, accent
furniture, floral accessories and lighting. |
|
Sales are: |
|
|
|
Wholesale |
|
Clients: |
|
|
|
Professionals of the industry |
|
The subject employs 130 employee(s) |
|
|
PAYMENTS |
|
|
|
made on a 55 days basis - monitored over the last 12 months |
|
LOCATION |
|
|
Headquarters |
|
|
|
The Company Is Headquartered In: |
Shareholders - Manager - Related Companies
|
Listed at the stock exchange: |
|
|
|
NO |
|
Shareholders Parent Company(ies): |
|
|
|
This is a private company, Avadhesh Agarwal is the main shareholder. |
|
Management: |
|
|
|
Avadhesh Agarwal, President Ramswamy S Rajan, Finance Controller |
Financials - COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not publish any financial
statements. |
|
Our financial sources could provide us with the following data
(estimates): |
|
Currency |
DATE |
|
USD |
2008 |
|
Turnover |
70,600,000 |
|
The cash flow is |
|
|
Comments on the financial data: We called the company
requested, but nobody answered. So we could just find the financial data of
the year 2008. |
|
Legal Fillings |
|
There several UCC** files listed with the
Secretary of State of California There are no legal filings listed with the
District Court. THE COMPANY IS NOT LISTED ON THE OFAC
LIST.* For information: * The Specially Designated Nationals (SDN)
List is a publication of OFAC which lists individuals and organizations with
whom ** The Uniform Commercial Code (UCC) is
one of a number of uniform acts that have been promulgated in conjunction
with efforts to harmonize the law of sales and other commercial transactions
in all 50 states within the The UCC deals primarily with transactions
involving personal property (movable property), not real property (immovable
property). It allows a creditor to notify other
creditors about a debtor’s assets used as collateral for a secured
transaction by filing a public notice (financing statement) with a particular
filing office. The Uniform Commercial Code Bureau files
and maintains on financial obligations (including IRS liens) incurred by individuals
(in business as a sole proprietor), business entities and corporations. |
Rating
|
Local credit bureau gave a Correct credit
rate. The company is in Good Standing. This means that all local and federal taxes were paid on due date. |
|
|
Final
Opinion |
|
|
|
This is a medium sized American company,
with 130 employees and 24 years of experience. A credit line may be considered for USD
1.000.000 |
SUMMARY
|
|
|
||
|
Profitability |
CORRECT |
Public Records |
NO |
|
Indebtedness |
CONTROLLED |
Payments |
REGULAR |
|
Cash |
|
|
|
APPENDIX
|
Position |
|
|
|
Answering machine |
|
Comments |
|
|
|
The telephone provided leads to an answering machine in which there's
not information on the company. Nevertheless, we were able to find out that the company is Active in
the Secretary of State of California and currently doing business. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.81 |
|
|
1 |
Rs.59.81 |
|
Euro |
1 |
Rs.69.29 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.