MIRA INFORM REPORT

 

 

Report Date :

09.08.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

UNIGLO

 

 

Registered Office :

Hoveniersstraat 30 B.192, Antwerpen, 2018

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

2000

 

 

Com. Reg. No.:

473753542

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Wholesale of other intermediate products

 

 

No. of Employees :

Not Available 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Belgium

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name & address 

 

Uniglo

Hoveniersstraat 30 B.192

Antwerpen, 2018

Belgium

 

Tel:       03 707 25 95

Fax:      03 707 25 96

 

 

Synthesis

           

Employees:                  NA

Company Type:            Private Subsidiary

Corporate Family:          13 Companies

Ultimate Parent:            Damaan

Incorporation Date:         2000   

Financials in:                 USD (Millions)

 Fiscal Year End:           31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               21.1  1

Total Assets:                 10.7

 

 

Business Description     

 

Wholesale of other intermediate products

 

Industry             

Industry            Retail (Department and Discount)

ANZSIC 2006:    373 - Furniture, Floor Covering and Other Goods Wholesaling

NACE 2002:      5156 - Wholesale of other intermediate products

NAICS 2002:     4239 - Miscellaneous Durable Goods Merchant Wholesalers

UK SIC 2003:    5156 - Wholesale of other intermediate products

US SIC 1987:    509 - Miscellaneous Durable Goods

 

           

Key Executives   

 

Name

Title

Dharmesh Ramesh Ghandi

Partner

Steven Andre Vyvey

Representative/Auditor

Suraj Ramniwas Poddar

Manager

Darshit Ajit Shah

Manager

 

 

News

 

Title

Date

Uniqlo operator plans to open 50 stores in Philippines in 3 years
Japan Economic Newswire (172 Words)

13-Jun-2012

Older women like Lulu put a spring in all our steps
Belfast Telegraph (Northern Ireland) (595 Words)

16-Sep-2011

 

 

Registered No.(VAT):     473753542

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064

 

 

Corporate Overview

 

Location

Hoveniersstraat 30 B.192

Antwerpen, 2018

Belgium

Tel:       03 707 25 95

Fax:      03 707 25 96

           

Sales EUR(mil):             15.9

Assets EUR(mil):           8.0

Employees:                   NA

Fiscal Year End:            31-Dec-2010

Industry:                        Retail (Department and Discount)

Incorporation Date:         2000

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(VAT):     473753542

Representative/Auditor:   Steven Andre Vyvey

 

Contents

Industry Codes

Business Description

Financial Data

 

Industry Codes

 

ANZSIC 2006 Codes:

373       -          Furniture, Floor Covering and Other Goods Wholesaling

 

NACE 2002 Codes:

5156     -          Wholesale of other intermediate products

 

NAICS 2002 Codes:

4239     -          Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

509       -          Miscellaneous Durable Goods

 

UK SIC 2003:

5156     -          Wholesale of other intermediate products

 

Business Description

Wholesale of other intermediate products

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

15.9

Assets:

8.0

Current Assets:

7.9

 

Fixed Assets:

0.1

 

Total Liabilities:

8.0

 

Issued Capital:

0.3

 

Net Worth:

0.3

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

NA

 

 

 

Corporate Family

Corporate Structure News:

 

Uniglo

Uniglo 
Total Corporate Family Members: 13 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Damaan

Parent

 

 

 

 

 

 

Anais

Subsidiary

Wepion

Belgium

Healthcare Facilities

2.3

37

 

Limburgse Asfaltdichtingswerken

Subsidiary

Schulen

Belgium

Construction Services

2.1

23

 

Kempisch Asphaltbedrijf

Subsidiary

Herentals

Belgium

Chemical Manufacturing

10.2

16

 

Pollet

Subsidiary

Herentals

Belgium

Retail (Specialty)

59.6

8

 

Westhoek Sales Co.

Subsidiary

Herentals

Belgium

Retail (Specialty)

2.7

 

 

Maro

Subsidiary

Weelde

Belgium

Retail (Specialty)

2.8

6

 

Bas Contracting

Subsidiary

Herentals

Belgium

Miscellaneous Capital Goods

2.2

6

 

Reuter Ingo

Subsidiary

Buetgenbach

Belgium

Construction and Agriculture Machinery

0.0

4

 

Gavriel Lerner Diamonds

Subsidiary

Antwerpen

Belgium

Retail (Department and Discount)

0.0

2

 

Uniglo

Subsidiary

Antwerpen

Belgium

Retail (Department and Discount)

21.1

 

 

Facopar

Subsidiary

Seneffe

Belgium

Personal and Household Products

1.5

 

 

Kab-Trading

Subsidiary

Herentals

Belgium

Construction Services

0.1

 

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Steven Andre Vyvey

 

Representative/Auditor

Accounting Executive

 

Age: 39

 

Dharmesh Ramesh Ghandi

 

Partner

Partner

 

 

Suraj Ramniwas Poddar

 

Manager

Other

 

 

Darshit Ajit Shah

 

Manager

Other

 

 

 

 

Annual Profit & Loss

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

    Turnover

21.1

25.6

38.2

    Other Operating Income

0.0

0.1

0.1

Operating Income

21.1

25.6

38.2

        Purchases

19.9

21.9

41.6

        Increase or Decrease in Stocks

0.7

3.0

-3.8

    Raw Materials, Consumables, and Goods for Release

20.6

24.9

37.7

    Services and Sundry Goods

0.3

0.3

0.4

    Remuneration, Social Security Charges, and Pensions

-

0.0

0.1

    Depreciation of and Other Amounts Written Off of Formation Expense, Intangible and Tangible Fixed Assets

0.0

0.0

0.0

    Increase or Decrease in Amounts Written Off Stocks, Orders, and Trade Debtors

0.0

-

-

    Other Operating Charges

0.2

0.0

0.1

Operating Charges

21.0

25.3

38.3

    Income From Financial Fixed Assets

-

0.0

-

    Income From Current Assets

0.0

-

0.0

    Other Financial Income

0.2

0.0

0.5

Financial Income

0.2

0.0

0.5

    Interest and Other Debt Charges

0.1

0.2

0.2

    Other Financial Charges

0.1

0.1

0.1

Financial Charges

0.2

0.3

0.3

    Gain on Disposal of Fixed Assets

-

-

0.0

    Other Extraordinary Income

-

0.0

0.0

Extraordinary Income

-

0.0

0.0

    Other Extraordinary Charges

0.0

0.0

-

Extraordinary Charges

0.0

0.0

-

    Income Taxes

0.0

0.0

0.0

Income Taxes

0.0

0.0

0.0

        To Other Reserves

0.1

0.1

0.1

    Transfers to Capital and Reserves

0.1

0.1

0.1

    Employees

-

-

1

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

        Plant, Machinery, and Equipment

0.0

0.0

0.0

        Furniture and Vehicles

0.0

0.0

0.0

    Tangible Assets

0.0

0.0

0.0

        Participating Interests

0.0

0.0

0.0

        Affiliated Enterprises

0.0

0.0

0.0

        Shares

0.1

0.1

0.1

        Amounts Receivable and Cash Guarantees

0.0

0.0

0.0

        Other Capital Assets

0.1

0.1

0.1

    Capital Assets

0.1

0.1

0.1

Fixed Assets

0.1

0.1

0.1

        Goods Purchased for Resale

1.1

2.0

4.9

        Stocks

1.1

2.0

4.9

    Inventory and Orders in Progress

1.1

2.0

4.9

        Trade Debtors

9.0

9.4

7.8

        Other Amounts Receivable

0.1

0.1

1.3

    Amounts Receivable Within One Year

9.1

9.4

9.1

    Liquid Assets

0.3

0.3

0.1

    Adjustment Accounts

0.0

0.0

0.0

Current Assets

10.6

11.7

14.1

Total Assets

10.7

11.8

14.2

        Issued Capital

0.5

0.5

0.5

    Capital

0.5

0.5

0.5

        Legal Reserve

0.0

0.1

0.0

        Untaxed Reserves

2.0

2.2

2.1

        Reserves Available for Distribution

0.5

0.4

0.3

    Reserves

2.5

2.6

2.4

Capital and Reserves

3.0

3.1

2.9

        Other Loans

0.9

0.7

0.9

        Financial Debts

0.9

0.7

0.9

    Amounts Due After More Than One Year

0.9

0.7

0.9

        Current Portion of Amounts Payable After More Than One Year

0.0

0.0

-

        Credit Institutions

1.9

2.0

1.5

        Financial Debts

1.9

2.0

1.5

        Suppliers

2.5

3.3

6.9

        Trade Debts

2.5

3.3

6.9

        Advances Received on Orders in Progress

0.6

0.7

-

        Taxes

0.0

0.0

0.0

        Remuneration and Social Security

-

-

0.0

        Taxes, Wages, and Social Security

0.0

0.0

0.0

        Other Amounts Payable

1.7

2.0

2.0

    Amounts Payable Within One Year

6.8

8.0

10.4

Creditors

7.7

8.7

11.3

Total Liabilities + Shareholders' Equity

10.7

11.8

14.2

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.15

UK Pound

1

Rs.86.00

Euro

1

Rs.68.31

 

INFORMATION DETAILS

 

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.