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MIRA
INFORM REPORT
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Report No. : |
492344 |
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Report Date : |
19.02.2018 |
IDENTIFICATION DETAILS
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Name : |
UNIVERSAL GRANITE & MARBLE, INC. |
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Registered Office : |
333 Skokie
Boulevard, Suite 107 Northbrook, IL 60062 |
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Country : |
United States |
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Date of Incorporation : |
1999 |
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Legal Form : |
Corporation (CORP MST) |
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Line of Business : |
Subject is
engaged in the distribution of natural stones. |
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No. of Employees : |
120 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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United States |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
UNITED
STATES - ECONOMIC OVERVIEW
The US has the most technologically powerful economy in the world, with a per capita GDP of $57,300. US firms are at or near the forefront in technological advances, especially in computers, pharmaceuticals, and medical, aerospace, and military equipment; however, their advantage has narrowed since the end of World War II. Based on a comparison of GDP measured at purchasing power parity conversion rates, the US economy in 2014, having stood as the largest in the world for more than a century, slipped into second place behind China, which has more than tripled the US growth rate for each year of the past four decades.
In the US, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, businesses face higher barriers to enter their rivals' home markets than foreign firms face entering US markets.
Long-term problems for the US include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits.
The onrush of technology has been a driving factor in the gradual development of a "two-tier" labor market in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. But the globalization of trade, and especially the rise of low-wage producers such as China, has put additional downward pressure on wages and upward pressure on the return to capital. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income.
Imported oil accounts for nearly 55% of US consumption and oil has a major impact on the overall health of the economy. Crude oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices climbed another 50% between 2006 and 2008, and bank foreclosures more than doubled in the same period. Besides dampening the housing market, soaring oil prices caused a drop in the value of the dollar and a deterioration in the US merchandise trade deficit, which peaked at $840 billion in 2008. Because the US economy is energy-intensive, falling oil prices since 2013 have alleviated many of the problems the earlier increases had created.
The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the US into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. To help stabilize financial markets, the US Congress established a $700 billion Troubled Asset Relief Program (TARP) in October 2008. The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009, Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP. In 2012, the Federal Government reduced the growth of spending and the deficit shrank to 7.6% of GDP. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries.
Wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the budget deficit and public debt. Through 2014, the direct costs of the wars totaled more than $1.5 trillion, according to US Government figures.
In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform that was designed to extend coverage to an additional 32 million Americans by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on healthcare - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010.
In July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight.
In December 2012, the Federal Reserve Board (Fed) announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short-term rates near zero until unemployment dropped below 6.5% or inflation rose above 2.5%. In late 2013, the Fed announced that it would begin scaling back long-term bond purchases to $75 billion per month in January 2014 and further reduce them as conditions warranted; the Fed ended the purchases during the summer of 2014. In 2014, the unemployment rate dropped to 6.2%, and continued to fall to 5.5% by mid-2015, the lowest rate of joblessness since before the global recession began; inflation stood at 1.7%, and public debt as a share of GDP continued to decline, following several years of increases. In December 2015, the Fed raised its target for the benchmark federal funds rate by 0.25%, the first increase since the recession began. With US GDP growth below 2%, the Fed opted to raise rates three times since then, and in mid-June 2017, the range for the target rate stood at 1% to 1.25%.
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Source
: CIA |
STATUTORY INFORMATION
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Legal Name: |
UNIVERSAL GRANITE
& MARBLE, INC. |
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Trade Name: |
UNIVERSAL GRANITE
& MARBLE, INC. |
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ID: |
58434191 |
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Date Created: |
1999 |
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Date Incorporated: |
1999 |
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Legal Address: |
333 Skokie
Boulevard, Suite 107 Northbrook, IL 60062 USA |
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Operative Address: |
333 Skokie
Boulevard, Suite 107 Northbrook, IL
60062 USA |
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Telephone: |
630-405-6606 |
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Fax: |
630-369-1300 |
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Legal Form: |
Corporation (CORP MST) |
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Email: |
info@universalgranite.com |
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Registered in: |
Illinois |
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Website: |
www.universalgranite.com |
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Contact: |
Arwiner S Narula,
President Anik Narula, Chief
Executive Officer |
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Staff: |
120 |
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Activity: |
NAICS 1: Brick,
Stone, and Related Construction Material Merchant Wholesalers SIC 1: Marble
Building Stone |
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BANKS: |
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The company does not make its
banking data public |
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HISTORY: |
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The company was founded in 1999 |
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PRINCIPAL
ACTIVITY
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Universal Granite
& Marble, Inc. is a mid-sized organization in the brick and stone whole
and manufacturers industry located in Northbrook, IL. |
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Products/Services description: |
Universal Granite
& Marble, Inc. engages in the distribution of natural stones. |
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Brands: |
Evier U Quartz |
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Sales are: |
Wholesale |
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Clients: |
National companies
and people in general |
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Suppliers: |
UGM imports a vast
array of natural stones from all over the globe, including countries like
India, Brazil, Italy, Spain, Mexico, Columbia, Egypt, Israel, Portugal,
China, France, Norway, Canada, Turkey, and Peru. VITORIA STONE INDUSTRIA E COMERCIO Brazil Brasil Exp. De Marm. E Granitos Ltd. Brazil Yellow Stone Marmores E Granitos De
Exportacao Ltda Me Brazil United Natural
Stones India Crystal Granite
& Marb India Alliance Minerals
Pvt Ltd India Foshan Opalus Stone
Co.,ltd China |
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Operations area: |
National |
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The company imports from |
Worldwide |
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The company exports to |
No export records |
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The subject
employs |
120 employees |
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Payments: |
Regular |
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LOCATION |
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Headquarters : |
333 Skokie Boulevard, Suite 107 Northbrook, IL 60062 USA |
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Comments: |
NA |
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Branches: |
3555 South Normal
Avenue, Chicago, IL 60609 Tel: 773-268-4500 Fax: 773-268-1312 Open Hours: Mon-Fri
8am - 4:30pm, Sat 9am-1pm Email:
ugmchicago@universalgranite.com 5060 Delemere ,
Royal Oak, MI 48073 Tel: 248-733-9200 Fax: 248-733-9210 Open Hours: Mon-Wed
& Fri 8:00 am-4:30 pm, Thur 9:00 am-7:30 pm, Sat 9:00 am-1:00 pm Email:
ugmmi@universalgranite.com 7700 Oak Leaf Road,
Oakwood Village, OH 44146 Tel: 440-439-6600 Fax:440-439-3300 Toll Free: 1-866-
UGM-OHIO (846-6446) Open Hours: Mon-Wed
& Fri 9am-4:30pm, Thur 9am-7pm, Sat 9am-1pm Email: ugmohio@universalgranite.com 7739 South 6th
Street, Oak Creek, WI 53154 Tel: 414-571-0000 Fax: 414-571-5555 Open Hours: Mon-Fri
8am-4pm, Sat 8am-1pm Email:
ugmwi@universalgranite.com 1616 Woodson Road,
Overland, MO 63114 Tel: 314-983-0700 Fax: 314-983-0715 Open Hours: Mon-Fri
8am-4:30pm, Sat 9am-1pm Email:
ugmmo@universalgranite.com 9988 F Street,
Omaha, NE 68127 Tel: 402-597-8971 Fax: 402-597-8529 Open Hours: Mon-Fri
8am-4:30pm, Sat 8am-12 noon (appointment only) Email: ugmomaha@universalgranite.com |
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Main Competitors |
Damar Natural Stone
Imports Inc. 750 Anthony Trl Marble Emporium
Inc. 2200 Carlson Dr Stone Installers 3200 Arnold Ln Innovations In
Stone Inc. 4117 Terri Lyn Ln Southfield
Corporation 2900 Old Willow Rd |
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Related Companies: |
NA |
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GROUP STRUCTURE AND SUBSIDIARY COMPANIES |
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
This is a private company. The company
does not disclose information on shareholders. The following information has
been obtained through private sources and could not be confirmed: The company is a subsidiary of: Chicago Granite And Marble, Inc. 415 Busse Rd Elk Grove Village, IL USA Revenue: USD$28 million in annual revenue |
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Management: |
Arwiner S Narula, President Anik Narula, Chief Executive Officer Yogesh Seeni, Executive Beeta Monga, Manager Sharisse Field, Manager Navnette Chawla, Branch Manager Ruby Chawla, Office Manager |
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FINANCIAL INFORMATION |
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The company does not make its financial
statements public. The following information has been provided by private
sources: |
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USD 2016 |
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Revenue |
23,000,000 |
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Cash Flow |
Normal |
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LEGAL FILINGS |
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Trademarks |
STONE HABITAT - Trademark Details Status: 710 - Cancelled - Section 8 Image for trademark with serial number
78184209 Serial Number78184209 Registration Number3218514 Word Mark STONE HABITAT Status710 - Cancelled - Section 8 Status Date2013-10-18 Filing Date2002-11-12 Registration Number3218514 Registration Date2007-03-13 Mark Drawing1000 - Typeset:
Word(s)/letter(s)/number(s) Typeset Published for Opposition Date2004-11-02 Attorney Name James M. McCarthy Law Office Assigned Location CodeM80 Employee Name BALDWIN, SCOTT UNIVERSAL GRANITE & MARBLE -
Trademark Details Status: 641 - Non-Final Action - Mailed Image for trademark with serial number
87089669 Serial Number87089669 Word Mark UNIVERSAL GRANITE & MARBLE Status641 - Non-Final Action - Mailed Status Date2017-10-18 Filing Date2016-06-30 Mark Drawing4000 - Standard character
mark Typeset Attorney Name Fredric D. Tannenbaum Law Office Assigned Location CodeM50 Employee Name KEAM, ALEX S UGM UNIVERSAL GRANITE & MARBLE -
Trademark Details Status: 641 - Non-Final Action - Mailed Image for trademark with serial number
87089822 Serial Number87089822 Word Mark UGM UNIVERSAL GRANITE &
MARBLE Status641 - Non-Final Action - Mailed Status Date2017-10-18 Filing Date2016-06-30 Mark Drawing3000 - Illustration: Drawing
or design which also includes word(s)/ letter(s)/number(s) Typeset Design Searches261709 - Curved line(s),
band(s) or bar(s). Attorney Name Fredric D. Tannenbaum Law Office Assigned Location CodeM50 Employee Name KEAM, ALEX S |
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Cases |
Dewan v. Universal
Granite and Marble, Inc. et al, No. 1:2008cv00350 - Document 145 (N.D. Ill.
2009) Court Description:
MEMORANDUM Opinion and Order Signed by the Honorable Virginia M. Kendall on
3/6/2009:Mailed notice(jms,) IN THE COURT OF
APPEALS OF OHIO SIXTH APPELLATE DISTRICT
WOOD COUNTY Universal Marble
& Granite, LLC, Appellant V Franz Gerner, et
al., Appellees Court of Appeals
No. WD-13-052 Trial Court No. CVF
1201143 Decided: September
30, 2014 V. Robert
Candiello, for appellant. Jon M. Ickes, for appellee. Marmi E Graniti D'Italia Sicilmarmi S.p.A.
v. Universal Granite & Marble, Inc., No. 1:2009cv05529 - Document 38
(N.D. Ill. 2010) Court Description:
MEMORANDUM Opinion and Order Signed by the Honorable Jeffrey Cole on
10/7/2010:Mailed notice(jms, ) |
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UCC |
No records found |
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OFAC Sanctions List Search |
The company is not
listed in the OFAC list. |
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SUMMARY |
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Founded in 1999, Universal Granite &
Marble, Inc. is a mid-sized organization in the brick and stone whole and
manufacturers industry located in Northbrook, IL. The company has 120 full-time employees
and generates an estimated USD 23 million in annual revenue. The company imports worldwide, from
countries such as Brazil, India and China. The company operates within
national markets. The company is a subsidiary of Chicago
Granite And Marble, Inc. This has been an ACTIVE company
incorporated in Illinois in 1999. |
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RISK INFORMATION |
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW |
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NAME |
Amanda |
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POSITION |
Accounts |
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COMMENTS |
The person
contacted confirmed name, address, management, experience, website and
activity. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.91 |
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1 |
INR 90.31 |
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Euro |
1 |
INR 80.17 |
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US Dollar |
1 |
INR 64.54 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
PRA |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.