Before talking about UGAA Trading India Pvt Ltd, we will have to talk about UGAA Solutions first. UGAA Solutions was a product based software company selling their software products. Company was also doing trading in Forex and Commodities market. Company's plan was to raise some huge capital to put into trading account by selling their software products. When trading with huge capital, company can hedge their trading positions so that even market turns around, no loss will be occurred. Company pays a portion of their profit from trading to the buyers of their software products to bring in more customers and to retain existing customers. But recently there were some rules enforced to strictly stop money rotation and ponzy schemes to safeguard money of the public. Even though UGAA was not involved in these businesses like money rotation, this rule will affect the business model which they were doing. Company management was aware of this changes which is going to happen and after discussion with their auditors and other financial experts, introduced new business model which they are running right now.
As primary step, they changed their company registration and registered as a Trading Company with the new name UGAA Trading India Pvt Ltd. Company is in process of developing a big eCommerce platform similar to PayTM in which you can do shopping, recharge, money transfer, book movie/bus/train/flight tickets, e-wallet and many more. This project is expected to complete in 3-6 months time.
Company is now collecting money not by selling their software products, but by adding money to their e-wallet. For e.g. if you invest 7000, it will be added to your e-wallet and balance will be shown as 21000. Just like PayTM giving cashback, your money is credited to your e-wallet including cashback. Then your ROI will be daily withdrawn from your wallet and credited to your bank account on daily basis. In 200 days, your wallet will become zero and you will receive 105 rupees everyday in your bank account during these 200 days. UGAA has already implemented this e-wallet and you will be able to see this once you logs in to your UGAA account.
They also have plan to open demat and trading account in the name of each customers and do trading directly these accounts. Feasibility study and discussions for this is going on. Company will have to get approval from SEBI for doing this. This may take 3 months time to complete.
A question every one asks is how can company pay this much profit? Answer is simple, because company is earning much more than that. To give an example if we buy a CRUDEOIL future at 4000 and sell at 4010, we will get 100 rupees profit. If company trades 100000 qty profit will be 10000000. Company does this kind of several trades a single day. Crude oil usually moves 100 points up or down a day. So you can imagine the profit they are making. Normal people like us won't know the art of trading. What we can do is invest with people who know how to trade and earn a profit share from them.
Since company is already registered and paying all taxes and statutory charges, there is no legal issues which may affect the functioning of the company. UGAA is very interested in helping you if you wish to visit their office to understand their functioning. They will be happy to explain everything to their customers so everyone can understand themselves by seeing the functioning of the company.
These are the information which I collected from discussing with higher officials of the company. Please read the disclaimer mentioned at the bottom of the page.
For new joining or for any queries please sent me a message on WhatsApp: https://api.whatsapp.com/send?phone=918921551229
or by email: dennismichaelrs@gmail.com
Join our UGAA WhatsApp group for getting real time updates. https://chat.whatsapp.com/IKCM6vB3ide3enezsMUse8
Want to know more about UGAA investment plan? click here
As primary step, they changed their company registration and registered as a Trading Company with the new name UGAA Trading India Pvt Ltd. Company is in process of developing a big eCommerce platform similar to PayTM in which you can do shopping, recharge, money transfer, book movie/bus/train/flight tickets, e-wallet and many more. This project is expected to complete in 3-6 months time.
Company is now collecting money not by selling their software products, but by adding money to their e-wallet. For e.g. if you invest 7000, it will be added to your e-wallet and balance will be shown as 21000. Just like PayTM giving cashback, your money is credited to your e-wallet including cashback. Then your ROI will be daily withdrawn from your wallet and credited to your bank account on daily basis. In 200 days, your wallet will become zero and you will receive 105 rupees everyday in your bank account during these 200 days. UGAA has already implemented this e-wallet and you will be able to see this once you logs in to your UGAA account.
They also have plan to open demat and trading account in the name of each customers and do trading directly these accounts. Feasibility study and discussions for this is going on. Company will have to get approval from SEBI for doing this. This may take 3 months time to complete.
A question every one asks is how can company pay this much profit? Answer is simple, because company is earning much more than that. To give an example if we buy a CRUDEOIL future at 4000 and sell at 4010, we will get 100 rupees profit. If company trades 100000 qty profit will be 10000000. Company does this kind of several trades a single day. Crude oil usually moves 100 points up or down a day. So you can imagine the profit they are making. Normal people like us won't know the art of trading. What we can do is invest with people who know how to trade and earn a profit share from them.
Since company is already registered and paying all taxes and statutory charges, there is no legal issues which may affect the functioning of the company. UGAA is very interested in helping you if you wish to visit their office to understand their functioning. They will be happy to explain everything to their customers so everyone can understand themselves by seeing the functioning of the company.
These are the information which I collected from discussing with higher officials of the company. Please read the disclaimer mentioned at the bottom of the page.
For new joining or for any queries please sent me a message on WhatsApp: https://api.whatsapp.com/send?phone=918921551229
or by email: dennismichaelrs@gmail.com
Join our UGAA WhatsApp group for getting real time updates. https://chat.whatsapp.com/IKCM6vB3ide3enezsMUse8
Want to know more about UGAA investment plan? click here
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