MIRA INFORM REPORT
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Report Date : |
22.02.2013 |
IDENTIFICATION DETAILS
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Name : |
UGAM |
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Registered Office : |
Pelikaanstraat 62 , Antwerpen, 2018 |
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Country : |
Belgium |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
1997 |
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Com. Reg. No.: |
460772467 |
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Legal Form : |
Private Independent |
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Line of Business : |
Wholesaler & Retailer of other intermediate products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Belgium |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Belgium - ECONOMIC OVERVIEW
This modern, open, and private-enterprise-based economy has capitalized
on its central geographic location, highly developed transport network, and
diversified industrial and commercial base. Industry is concentrated mainly in
the more heavily-populated region of Flanders in the north. With few natural
resources, Belgium imports substantial quantities of raw materials and exports
a large volume of manufactures, making its economy vulnerable to volatility in
world markets. Roughly three-quarters of Belgium's trade is with other EU
countries, and Belgium has benefited most from its proximity to Germany. In
2011 Belgian GDP grew by 2.0%, the unemployment rate decreased slightly to 7.7%
from 8.3% the previous year, and the government reduced the budget deficit from
a peak of 6% of GDP in 2009 to 4.2% in 2011. Despite the relative improvement
in Belgium's budget deficit, public debt hovers near 100% of GDP, a factor that
has contributed to investor perceptions that the country is increasingly
vulnerable to spillover from the euro-zone crisis. Belgian banks were severely
affected by the international financial crisis in 2008 with three major banks
receiving capital injections from the government, and the nationalization of
the Belgian arm of a Franco-Belgian bank. An ageing population and rising
social expenditures are mid- to long-term challenges to public finances.
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Source
: CIA |
COMPANY NAME &
ADDRESS
UGAM
Pelikaanstraat 62
Antwerpen, 2018
Belgium
Tel: 03 213 21 90
Fax: 03 213 21 70
SYNTHESIS
Employees: NA
Company Type: Private
Independent
Incorporation Date: 1997
Financials in: USD (mil)
Fiscal Year End: 30-Jun-2011
Reporting Currency: Euro
Annual Sales: 4.9
1
Total Assets: 2.5
Business Description
Wholesaler & Retailer 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
UK SIC 2007: 4676 - Wholesale
of other intermediate products
US SIC 1987: 509 -
Miscellaneous Durable Goods
Key Executives
|
Name |
Title |
|
Udayan Kirtilal Sheth |
Manager |
News
|
Registered
No.(VAT): 460772467
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7347003
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.6897265
Location
Pelikaanstraat 62
Antwerpen, 2018
Belgium
Tel: 03 213 21 90
Fax: 03 213 21 70
Sales EUR(mil): 3.6
Assets EUR(mil): 1.7
Employees: NA
Fiscal Year End: 30-Jun-2011
Industry: Retail (Department
and Discount)
Incorporation Date: 1997
Company Type: Private Independent
Quoted Status: Not Quoted
Registered No.(VAT): 460772467
Manager: Udayan Kirtilal
Sheth
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
UK SIC 2007:
4676- Wholesale of other intermediate products
Wholesaler & Retailer of other intermediate products
Executives Report
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Executives |
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Manager |
Other |
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News
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Paint colorful |
21-Jan-2013 |
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Household
products |
21-Jan-2013 |
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Parts for
official cars |
21-Jan-2013 |
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Repair service
station |
21-Jan-2013 |
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Ugam Solutions
Wins Top IT Data Security Award |
04-Jan-2013 |
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Articles
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'UGAM' - The
Rise of Hindustani Music; Aficionados of Classical melodies are eagerly
awaiting the 8th annual concert dedicated to the theme being held today at
Nehru Center, Worli. This year's performances will take the hugely popular
series conceptualised by Jaipur Gems Charitable Trust fu.. |
06-Oct-2012 |
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Annual Profit & Loss
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|
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.747695 |
0.7347 |
0.721483 |
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Consolidated |
No |
No |
No |
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Turnover |
3.4 |
4.9 |
2.6 |
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Depreciation of and Other Amounts Written Off
of Formation Expense, Intangible and Tangible Fixed Assets |
0.0 |
0.0 |
0.0 |
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Other Operating Charges |
0.0 |
0.0 |
0.0 |
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Financial Income |
0.0 |
- |
0.0 |
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Financial Charges |
0.0 |
0.0 |
0.0 |
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Income Taxes |
0.0 |
0.0 |
- |
Annual Balance Sheet
Financials in: USD (mil)
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|
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.804664 |
0.689727 |
0.816393 |
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Consolidated |
No |
No |
No |
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Furniture and Vehicles |
0.0 |
0.0 |
0.0 |
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Tangible Assets |
0.0 |
0.0 |
0.0 |
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Capital Assets |
- |
- |
0.0 |
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Fixed Assets |
0.0 |
0.0 |
0.0 |
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Stocks |
1.0 |
1.2 |
0.8 |
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Inventory and Orders in Progress |
1.0 |
1.2 |
0.8 |
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Trade Debtors |
0.4 |
1.1 |
1.1 |
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Other Amounts
Receivable |
- |
0.0 |
0.0 |
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Amounts Receivable Within One Year |
0.4 |
1.1 |
1.1 |
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Liquid Assets |
0.1 |
0.2 |
0.1 |
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Current Assets |
1.5 |
2.5 |
1.9 |
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Total Assets |
1.5 |
2.5 |
1.9 |
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Issued Capital |
0.0 |
0.0 |
0.0 |
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Capital |
0.0 |
0.0 |
0.0 |
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Legal Reserve |
0.0 |
0.0 |
0.0 |
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Reserves |
0.0 |
0.0 |
0.0 |
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Capital and Reserves |
0.1 |
0.2 |
0.1 |
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Suppliers |
0.8 |
1.7 |
1.1 |
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Trade Debts |
0.8 |
1.7 |
1.1 |
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Taxes |
0.0 |
0.0 |
0.0 |
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Taxes, Wages, and
Social Security |
0.0 |
0.0 |
0.0 |
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Other Amounts Payable |
0.6 |
0.7 |
0.7 |
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Amounts Payable Within One Year |
1.4 |
2.3 |
1.8 |
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Creditors |
1.4 |
2.3 |
1.8 |
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Total Liabilities + Shareholders' Equity |
1.5 |
2.5 |
1.9 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.48 |
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UK Pound |
1 |
Rs.82.71 |
|
Euro |
1 |
Rs.72.23 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the
strongest capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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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 |
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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 |
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-- |
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.