MIRA INFORM REPORT

 

 

Report Date :

26.05.2012

 

IDENTIFICATION DETAILS

 

Name :

UNION BANCAIRE PRIVEE, UBP SA

 

 

Registered Office :

Rue du Rhône 96-98, 1204 Genève

 

 

Country :

Switzerland

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

03.07.1956

 

 

Com. Reg. No.:

660.0.071.956-1 / 425599

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Activities includes the operation of a private bank

 

 

No. of Employees :

1'000-1'999

 

 

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 :

Good

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)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Company name

 

UNION BANCAIRE PRIVEE, UBP SA

 

 

Operating address

 

Rue du Rhône 96-98

1204 Genève

Switzerland/CH

 

Telephone:        058 8192111

Fax:                  058 8192200

 

Web site:          http://www.ubpbank.com

E-mail:              ubp@ubp.ch

 

WIN Worldbox No.:        CH0000038104

VAT-No.:                       CHE105923869

 

 

Profile

 

Established:                  1956

History: 1969:                Established from Edgar de Picciotto

1969:                            Established as Compagnie de Banque et d'Investissements (CBI)

Line of Business:           Banking

Industry Division:            Services

Industry-code (NACE):    6419     Other monetary intermediation

Import/Export:                Export

Banks:                          unknown

Organisation level:          Ultimate Parent

 

 

Operational Figures

 

Coverage:          Group

Employees:       1'000-1'999

Sales:               CHF 800 Mio - 1 Bil

 

 

Activity

 

The business activities includes the operation of a private bank, which specializes mainly in asset management for private and institutional clients.

Real Estate

 

Real Estate:      The company owns buildings.

 

 

Company Register

 

Company No:                660.0.071.956-1 / 425599

Legal form:                    Company limited by shares

Registration:                  03.07.1956

Legal status:                 active

Responsible Register:    Registre du commerce du canton de Genève

History: Date of Statutes: 24.03.1993

Date of Statutes:            21.11.2007

Date of Statutes:            19.06.2002

Date of Statutes:            27.03.1998

 

Entry    Deleted Name

16.02.2010                                UNION BANCAIRE PRIVEE, UBP SA

16.02.2010                                UNITED PRIVATE BANK , UBP LTD (Name translated)

08.04.1998                                Union Bancaire Privée, CBI-TDB

08.04.1998                                United Private Bank, CBI-TDB (Name translated)

08.04.1998        16.02.2010        UNION BANCAIRE PRIVEE, UBP

08.04.1998        16.02.2010        UNITED PRIVATE BANK, UBP (Name translated)

 

Entry    Deleted             Legal domicile

active                            Genève, Switzerland

 

Entry    Deleted             Address

active                            Rue du Rhône 96-98, 1200 Genève/GE, Switzerland/CH

 

Entry    Deleted             Capital

26.06.2002                    Share Capital CHF 300'000'000, paidup CHF 300'000'000

 

Entry    Deleted             Capital Structure

26.06.2002                    30'000'000 Registered shares of CHF 10.--

 

Entry    Deleted             Activity (original Language)

08.04.1998                    Exploitation d'une banque ainsi qu'exercice d'une activité de négociant en valeurs mobilières.

 

Entry    Deleted Remarks (original Language)

active                Publishing authority: FOSC.

active                Reports: Communication aux actionnaires: lettre recommandée.

active                Contribution in kind/Asset takeover: Reprise de l'actif et du passif, au sens de l'article 748 CO de la Société "Compagnie de Banque et d'Investissements CBI", société anonyme à Genève, dont elle est propriétaire de toutes les actions.

active                Contribution in kind/Asset takeover: Reprise de l'actif et du passif, au sens de l'article 748 CO et selon bilan au 1er janvier 1988, de la société "American Express Bank (Switzerland) AG", à Zurich, avec un actif de CHF 1'067'544'261 et un passif envers les tiers de CHF 950'465'152, soit un actif net de CHF 117'079'109, pour CHF 44'000'000, montant entièrement imputé sur le capital.

14.12.2011                    Merger: Reprise des actifs et passifs de ABN AMRO Bank (Switzerland) AG, à Zurich ( CH-020-3900987-5 ), selon contrat de fusion du 12.12.2011 et bilan au 31.10.2011, présentant des actifs de CHF 1'730'529'203.10, des passifs envers les tiers de CHF 1'426'179'497.18, soit un actif net de CHF 304'349'705.92. La société reprenante détenant l'ensemble des actions de la société transférante, la fusion ne donne pas lieu à une augmentation du capital, ni à une attribution d'actions.

25.01.2011                    Transfer of Assets: Selon contrat du 02.12.2010, la société a transféré des actifs pour CHF 204'554'825 et des passifs envers les tiers pour CHF 162'554'825, à Union Bancaire Privée (Luxembourg) S.A., à Luxembourg, L. Contre-prestation: 6'000 actions sans valeur nominale de la société destinataire.

15.11.2010                    Transfer of Assets: Selon contrat du 01.10.2010, la société a transféré des actifs pour CHF 14'100, à APEX INTERNATIONAL CONSULTING SA, à Genève (CH-660-1521010-4). Contre-prestation: CHF 14'100.

16.02.2010                    Note: Raison de commerce complétée d'office selon l'art. 176 ORC.

15.05.2003                    Business place (-s): La société exploite en outre un autre établissement à Lugano, viale S. Franscini 5.

05.03.2003                    Business place (-s): La société exploite en outre un autre établissement à Zurich, Gartenstrasse 14-16.

26.06.2002                    Merger: Reprise de l'actif et du passif, au sens de l'article 748 CO, de la société Discount Bank and Trust Company, à Genève, selon contrat du 10.06.2002 et bilan au 31.12.2001, comportant un actif de CHF 5'969'939'847 et un passif envers les tiers de CHF 5'437'603'975, soit un actif net de CHF 532'335'872, en contrepartie duquel sont remises aux actionnaires de la société reprise 8'000'000 actions de CHF 10, nominatives, liées selon statuts.

29.06.2001                    Merger: Reprise de l'actif et du passif, au sens de l'article 748 CO, de la société "Nordfinanz Bank Zürich", à Zurich, selon contrat du 22.06.2001 et bilan au 31.12.2000, comportant un actif de CHF 1'037'397'000 et un passif envers les tiers de CHF 875'527'000, soit un actif net de CHF 161'870'000. La fusion a lieu sans augmentation du capital-actions dans la mesure où la société absborbante est propriétaire de toutes les actions de la société dissoute.

 

Entry                Deleted Branches

active                Via Franscini 5, 6900 Lugano/TI, Switzerland/CH

active                Bahnhofstrasse 1, 8001 Zürich/ZH, Switzerland/CH

 

 

Official Administration

 

Title      Name

President          Edgar de Picciotto, Origin: Vandoeuvres, Switzerland, Address: 1200 Genève/GE, Switzerland, joint signature of two

Executive Director          Nicolas Brunschwig, Origin: Genève, Switzerland, Address: 1253 Vandoeuvres/GE, Switzerland, joint signature of two, Registered since: 08.05.1998

Executive Director          Pierre Respinger, Origin: France, Address: 1200 Genève/GE, Switzerland, joint signature of two, Registered since: 03.01.1997

Executive Director          Olivier Vodoz, Origin: La Tour-de-Peilz, Switzerland, Address: 1200 Genève/GE, Switzerland, joint signature of two, Registered since: 08.05.1998

Executive Director          Marcel Rohner , Origin: Schneisingen, Switzerland, Address: 5000 Aarau/AG, Switzerland, joint signature of two, Registered since: 24.01.2011

Executive Director          Richard Katz , Origin: United Kingdom, Address: Oxford, United Kingdom, joint signature of two, Registered since: 18.12.2009

Executive Director          Johann (John) Manser, Origin: Appenzell, Switzerland, Address: 4125 Riehen/BS, Switzerland, joint signature of two, Registered since: 23.07.2008

Executive Director          Anne Rotman de Picciotto, Origin: Vandoeuvres, Switzerland, Address: Londres, United Kingdom, joint signature of two, Registered since: 12.07.2006

Executive Director          Paul L. Saurel, Origin: Cologny, Switzerland, Address: 1223 Cologny/GE, Switzerland, joint signature of two, Registered since: 12.07.2006

Executive Director          Georges van Erck , Origin: Belgium, Address: Rhode-Saint-Genèse, Belgium, joint signature of two, Registered since: 18.03.2008

Executive Director          Pierre-Alain Blum, Origin: Buttes, Switzerland, Address: 2000 Neuchâtel/NE, Switzerland, joint signature of two

Executive Director          Daniel A. de Picciotto, Origin: Vandoeuvres, Switzerland, Address: 1253 Vandoeuvres/GE, Switzerland, joint signature of two

 

 

Management

 

Title      Name

General Director             André Gigon, Origin: Chêne-Bougeries, Switzerland, Address: 1224 Chêne-Bougeries/GE, Switzerland, joint signature of two, Registered since: 15.05.1995

General Director             Michael de Picciotto, Origin: Italy, Address: 1200 Genève/GE, Switzerland, joint signature of two, Registered since: 03.04.1996

General Director             Hans-Rudolf (Hansruedi) Huber, Origin: Kilchberg ZH, Switzerland, Address: 8816 Hirzel/ZH, Switzerland, joint signature of two, Registered since: 04.07.2003

General Director             Guy Elie de Picciotto, Origin: Vandoeuvres, Switzerland, Address: 1244 Choulex/GE, Switzerland, joint signature of two

Member of the direction  Steven Barbeau, Origin: France, Address: 1200 Genève/GE, Switzerland, joint signature of two, Limited to the headquarters, Registered since: 23.03.2006

Member of the direction  Kris Carlo Raecke, Origin: Belgium, Address: 1200 Genève/GE, Switzerland, joint signature of two, Limited to the headquarters, Registered since: 06.06.2006

Member of the direction  Wassim Khamlichi, Origin: Morocco, Address: 1200 Genève/GE, Switzerland, joint signature of two, Limited to the headquarters, Registered since: 21.10.2005

Member of the direction  Robert Khoury, Origin: France, Address: 1200 Genève/GE, Switzerland, joint signature of two, Limited to the headquarters, Registered since: 16.02.2010

Member of the direction  Davide Pezzulo, Origin: Italy, Address: 1200 Genève/GE, Switzerland, joint signature of two, Limited to the headquarters, Registered since: 10.10.2002

Member of the direction  Catherine de Banoff, Origin: Genève, Switzerland, Address: 1236 Cartigny/GE, Switzerland, joint signature of two, Limited to the headquarters

Deputy Director  Gaëlle Rumilly , Origin: France, Address: Genève, Switzerland, joint signature of two, Registered since: 04.11.2011

Member with signing authority     Michael Kadouch , Origin: France, Address: Genève, Switzerland, joint signature of two, Limited to the headquarters, Registered since: 28.11.2011

Member with signing authority     Nabil Sidaoui , Origin: Lausanne, Switzerland, Address: Lausanne, Switzerland, joint signature of two, Limited to the headquarters, Registered since: 28.11.2011

Member with signing authority     Jérôme Koechlin, Origin: Zürich, Switzerland, Address: 1227 Carouge/GE, Switzerland, joint signature of two, Limited to the headquarters, Registered since: 22.09.2008

Member with signing authority     Michel Longhini, Origin: France, Address: Collonge-Bellerive., Switzerland, joint signature of two, Registered since: 25.10.2010

Member with signing authority     Richard Wohanka, Origin: United Kingdom, Address: 1200 Genève/GE, Switzerland, joint signature of two, Limited to the headquarters, Registered since: 05.03.2010

Member with signing authority     Eftychia Fischer, Origin: Menziken, Switzerland, Address: 8000 Zurich/ZH, Switzerland, joint signature of two, Registered since: 16.04.2010

Member with signing authority     Ian Cramb, Origin: United Kingdom, Address: Borex, Switzerland, joint signature of two, Limited to the headquarters, Registered since: 05.03.2010

Member with signing authority     Frederik-Willem Gevers , Origin: La Punt-Chamues, Switzerland, Address: Bagnes, Switzerland, joint signature of two, Limited to the headquarters, Registered since: 17.11.2011

 

 

External Positions

 

Title      Name

Auditor  Ernst & Young SA, Address: Lancy, Switzerland

 

 

Executive board

 

Title      Name

Chief Executive Officer    Guy Elie de Picciotto

Chief Operating Officer    Ian Cramb

Chief Business Segment Officer  Eftychia Fischer

Chief Business Segment Officer  Michel Longhini

Chief Administration Officer         Jérôme Koechlin

 

 

Financial Data UBP Group

 

Consolidation:     consolidated

Industry: Bank

 

Fiscal year end:                   31.12.2011           31.12.2010           31.12.2009           31.12.2008           31.12.2007

Number of months:             12                           12                           12                           12                           12

Currency:                               th. CHF                  th. CHF                  th. CHF                  th. CHF                  th. CHF

 

Balance Sheet

Liquid assets                       6'795'897.2           3'026'813.4           6'836'891.9           1'655'738.0           22'734.8

Money market claims         371'710.5              3'218'742.3           3'156'038.0           3'664'783.5           4'312'176.2

Due from banks                   2'082'990.6           4'486'592.5           2'609'257.6           5'973'304.9           4'097'820.3

Due from customers          2'304'742.9           1'488'676.9           2'031'026.8           3'658'444.6           5'746'505.3

Mortgages                             237'206.1              76'272.4

Trading assets                    664'791.1              1'042'499.8           735'431.4              85'095.1                                267'036.0

Financial investments        4'262'686.7           3'642'943.1           3'800'287.4           3'511'404.8           4'312'128.8

Non-consolidated participations2'349.7        2'350.8                   2'378.5                   2'379.3                   2'308.8

Land and buildings             227'229.0              232'302.0              239'460.0              243'746.0              255'496.0

other tangible fixed assets                65'899.6                                26'123.0                                31'577.0                                36'990.3                                33'981.0

Tangible fixed assets         293'128.6              258'425.0              271'037.0              280'736.3              289'476.9

Intangible fixed assets       185'744.6              32'104.6                                56'036.8                                69'480.1                                41'143.9

Accruals                                                110'102.1              126'656.4              126'560.1              206'783.7              258'167.7

Other assets                        671'270.9              682'220.2              447'202.9              727'701.5              469'379.8

Total assets                         17'982'621.0         18'084'297.4         20'072'148.4         19'835'851.8         19'818'878.5

Total claims against

Group companies                               56'971.5                                16'861.5                                85'398.8                                16'700.5                                2'903.0

 

Reserves for general

banking risks                       97'624.8                                97'624.8                                57'624.8                                167'910.5              164'448.1

Capital                                   300'000.0              300'000.0              300'000.0              300'000.0              300'000.0

Reserve capital                    452'335.9              452'335.9              452'335.9              452'335.9              452'335.9

Retained earnings              856'033.1              938'671.8              978'733.7              1'122'001.8           1'052'648.1

Total shareholders equity1'705'993.8             1'788'632.5           1'788'694.4           2'042'248.2           1'969'432.1

Minority interests                 0.0                          153.2                      58.2                        1'604.2                   2'577.7

Due to banks                        698'995.7              1'140'680.7           1'111'389.3           415'410.7              671'178.3

Due to cust. in

savings & invest. Accou.    2'008.9                   2'223.1                   2'386.2                   2'357.5                   2'874.2

Due to customers, others  14'856'509.7         13'667'372.2         16'301'564.1         16'371'546.7         16'235'388.0

Accruals                                                195'745.1              212'863.1              221'650.0              295'153.2              387'124.8

Other liabilities                     523'367.8              1'272'372.6           646'406.2              707'531.4              550'303.5

Total liabilities                      16'276'627.2         16'295'511.7         18'283'395.8         17'791'999.5         17'846'868.8

Liabilities, min. interests

& shareh. eq.                        17'982'621.0         18'084'297.4         20'072'148.4         19'835'851.8         19'818'878.5

Total liabilities in

respect of Group comp.     569'643.4              885'686.2              500'315.5              257'989.7              73'765.8

 

Profit and loss account

Interest and

discount income                  152'378.0              143'674.5              190'596.5              563'040.9              714'784.0

Interest & dividend inc.

financial assets                   53'371.9                                39'497.3                                62'888.3                                176'586.7              169'706.8

Interest expenses                               42'668.9                                21'631.8                                86'834.7                                534'172.8                722'239.4

Income from interest

business                                               163'081.0              161'540.0              166'650.1              205'454.8              162'251.4

Comm. income from

lending activities                  2'930.2                   3'493.7                   8'408.0                   4'746.7                   4'819.2

Comm. income

from securities & invest.    423'480.7              404'912.9              489'288.4              845'016.1              905'651.1

Comm. income from

other services                      4'662.1                   4'631.6                   5'384.7                   6'018.9                   5'669.3

Commissions expenses   11'415.0                                11'583.2                                9'500.7                   35'769.5                                30'614.8

Net Commissions

and fee income                    419'658.0              401'455.0              493'580.4              820'012.2              885'524.8

Net trading income             163'273.8              194'507.3              138'350.9              114'328.4              123'737.6

Income from the

sale of fin. Investments      1'848.5                   909.7                      1'942.3                   16'830.3                                4'028.1

Income from Investments  1'444.8                   1'526.7                   2'073.2                   2'976.1                   1'957.8

Real estate income            1'245.9                   1'254.4                   1'465.4                   2'017.2                   1'966.9

Other ordinary income        12'920.3                                4'833.8                   1'561.9                   1'013.6                   257.5

Other ordinary expenses   0.0                          0.0                          0.0                          10'264.6

Total other ordinary

Income                                  17'459.5                                8'524.6                   7'042.8                   12'572.6                                8'210.3

Net operating Income         763'472.3              766'026.9              805'624.2              1'152'368.0           1'179'724.1

Personnel expenses          387'249.3              377'176.4              378'725.5              441'922.9              413'770.1

General expenses              120'991.2              116'345.1              120'001.7              119'103.2              114'883.4

Total operating expenditure508'240.5            493'521.5              498'727.2              561'026.1              528'653.5

Gross profit                           255'231.8              272'505.4              306'897.0              591'341.9              651'070.6

Depreciation on

fixed assets                          35'812.0                                46'828.2                                40'369.1                                40'651.5                                43'783.7

Value adjustments,

provisions & losses            31'919.1                                255'522.3              315'006.9              35'575.5                                3'445.7

Total Depr., Value

adjustments, losses          67'731.1                                302'350.5              355'376.0              76'227.0                                47'229.4

Result before

extraordinary items             187'500.7              -29'845.1               -48'479.0               515'114.9              603'841.2

Extraordinary income          7'660.9                   300'531.6              268'457.0              272.2                      2'994.5

Extraordinary expenses     0.0                          40'000.0                                0.0

Extraordinary Result           7'660.9                   260'531.6              268'457.0              272.2                      2'994.5

Result before Taxes           195'161.6              230'686.5              219'978.0              515'387.1              606'835.7

Taxes                                     19'128.8                                14'949.9                                4'012.5                   84'396.9                                96'324.5

Result before

minority interests                 176'032.8              215'736.6              215'965.5              430'990.2              510'511.2

Minority interests                 0.0                          153.2                      58.2                        1'604.2                   2'577.7

Result for the

financial year                        176'032.8              215'583.4              215'907.3              429'385.0              507'933.5

 

Cash flow

Depreciation                         35'812.0                                46'828.0                                40'369.0                                40'652.0                                43'784.0

Cash flow from

operating activities              -32'888.0               76'598.0                                -121'993.0             95'950.0                                192'535.0

Investments in tangible

fixed assets                          35'259.0                                3'225.0                   4'652.0                   14'968.0                                14'180.0

Cash flow from

investing activities               -224'154.0             -10'255.0               -17'226.0               -60'318.0               5'548.0

Cash flow form

financing activities               4'026'936.0           -3'876'058.0          5'431'091.0           1'599'802.0           -168'034.0

Others                                    -810.0                    -363.0                    -110'718.0             -2'431.0                 -2'083.0

Change in liquidity              3'769'084.0           -3'810'078.0          5'181'154.0           1'633'003.0           27'966.0

Liquidity at beginning

of the year                             3'026'814.0           6'836'892.0           1'655'738.0           22'735.0

Liquidity at end of the year 6'795'898.0           3'026'814.0           6'836'892.0           1'655'738.0

 

Notes

Contingent liabilities           416'811.2              331'570.7              343'672.5              427'059.3              511'771.1

Irrevocable commitments  475'260.6              662'822.0              561'545.0              1'013'852.0           1'206'576.0

Liab. for calls on

shares & other equity         61'929.1                                31'651.1                                9'751.7                   7'442.2                   37'810.6

Derivative contract volume 48'841'191.8         43'418'556.5         42'811'849.3         49'727'880.0         61'750'527.5

positive replacement

values                                    493'051.4              497'909.9              412'108.6              688'127.6              436'770.4

negative replacement

values                                    356'927.2              478'958.9              243'142.2              488'726.5              405'894.8

Fiduciary transactions        5'430'176.2           1'256'342.9           1'753'888.0           3'953'022.0           4'404'951.7

Gross cost land and

buildings                                               337'660.0              340'812.0              339'796.0              346'371.0              400'654.0

Gross cost oth. tang.

fixed assets                          157'638.0              88'505.0                                111'397.0              101'851.0              98'364.0

Gross cost total                   495'298.0              429'317.0              451'193.0              448'222.0              499'018.0

Insurance value land

and buildings                       111'980.0              111'960.0              114'847.0              103'982.0              360'274.0

Insurance value oth. tang.

fixed assets                          276'543.0              224'479.0              228'492.0              197'558.0              37'549.0

Insurance value total          388'523.0              336'439.0              343'339.0              301'540.0              397'823.0

Number at year end            1'491                      1'198                      1'203                      1'372                      1'311

 

 

Ultimate Parent Company

 

Name:               CBI Holding SA

City/Country:     Genève, Switzerland/CH

 

 

Owner/-s

 

No. of Owner/-s: 1

Owner:  The company is domestic owned.

 

Class:   100%

Name:   CBI Holding SA

City/Country:     Genève, Switzerland/CH

Interest:            100.00% voting right, 100.00% capital interest

 

 

Investments

 

Class:   100%

Name:   "Coteges" Conseils et Techniques de Gestion SA

City/Country:     Genève, Switzerland/CH

Interest:            100.00% voting right, 100.00% capital interest

 

Class:   100%

Name:   Fiduciaire Fidulex SA

City/Country:     Genève, Switzerland/CH

Interest:            100.00% voting right, 100.00% capital interest

 

Class:   100%

Name:   UBAM INTERNATIONAL SERVICES

City/Country:     Luxembourg, Luxembourg/LU

Interest:            100.00% voting right, 100.00% capital interest

 

Class:   100%

Name:   UBP ASSET MANAGEMENT ASIA LIMITED

City/Country:     Hong Kong, Hong Kong/HK

Interest:            100.00% voting right, 100.00% capital interest (since 01.04.2006)

 

Class:   100%

Name:   UBP Asset Management (Bermuda) Limited

City/Country:     Bermuda, Bermuda/BM

Interest:            100.00% voting right, 100.00% capital interest

 

Class:   100%

Name:   UBP (CIS) LLC

City/Country:     Moscow, Russia/RU

Interest:            100.00% voting right, 100.00% capital interest (since 2008)

 

Class:   100%

Name:   UBP International Trust Limited

City/Country:     Nassau, Bahamas/BS

Interest:            100.00% voting right, 100.00% capital interest

 

Class:   100%

Name:   UBP Investment Funds Limited

City/Country:     London, United Kingdom/GB

Interest:            100.00% voting right, 100.00% capital interest (since 21.06.2007)

 

Class:   100%

Name:   UBP Investments Co Ltd

City/Country:     Tokyo, Japan/JP

Interest:            100.00% voting right, 100.00% capital interest

 

Class:   100%

Name:   UBP Securities (UK) Limited

City/Country:     London, United Kingdom/GB

Interest:            100.00% voting right, 100.00% capital interest

 

Class:   100%

Name:   UBP (Uruguay) SA

City/Country:     Montevideo, Uruguay/UY

Interest:            100.00% voting right, 100.00% capital interest

 

Class:   100%

Name:   UBP-Gestion Institutionnelle SA

City/Country:     Genève, Switzerland/CH

Interest:            100.00% voting right, 100.00% capital interest

 

Class:   100%

Name:   UBPI Holdings Inc

City/Country:     New York, United States of America/US

Interest:            100.00% voting right, 100.00% capital interest

 

Class:   100%

Name:   Union Bancaire Asset Management (Jersey) Ltd

City/Country:     Jersey, United Kingdom/GB

Interest:            100.00% voting right, 100.00% capital interest

 

Class:   100%

Name:   Union Bancaire Privée (Bahamas) Ltd

City/Country:     Nassau, Bahamas/BS

Interest:            100.00% voting right, 100.00% capital interest

 

Class:   100%

Name:   Union Bancaire Privée (Luxembourg) S.A.

City/Country:     Luxembourg, Luxembourg/LU

Interest:            100.00% voting right, 100.00% capital interest

 

Class:   100%

Name:   Union Bancaire Privée (Middle East) Limited

City/Country:     Dubai, United Arab Emirates/AE

Interest:            100.00% voting right, 100.00% capital interest (since 20.02.2011)

 

Class:   100%

Name:   Union Bancaire Privée (Singapore) Ltd

City/Country:     Singapore, Singapore/SG

Interest:            100.00% voting right, 100.00% capital interest

 

Class:   50%

Name:   UBP TransGlobe Securities Investment Consulting Co., Ltd.

City/Country:     Taipei, Taiwan/TW

Interest:            50.00% voting right, 50.00% capital interest (since 01.08.2011)

 

 

Legal Actions

An updated legal action check is only available against proof of interest. e.g. a copy of an enquiry letter, and order or invoice relating to the subject company.

 

 

Credit Information

 

Financial Situation:        The financial situation is good.

 

Payment experiences:    Payment habits are considered good.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.73

UK Pound

1

Rs.87.26

Euro

1

Rs.69.84

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.