MIRA
INFORM REPORT
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Report Date : |
03.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
MONGOLIAN STAR MELCHERS CO, LTD |
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Registered Office : |
MSM Company Building, Chingeltei District, 6-Th
Khoroo, Ulaanbaatar, 211213, P.O.B 154 |
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Country : |
Mongolia |
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Date of Incorporation : |
02.09.1998 |
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Com. Reg. No.: |
201518 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distribution Network for Automotive Sales and Services |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 600,000.00 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Name
Mongolian Star Melchers co, Ltd
Company
acronym
MSM
Contact Information
|
Address |
MSM company
building Chingeltei district,
6-th khoroo, |
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Postal Address |
- |
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Telephone |
+ 976 11 318138 + 976 11 318139 |
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Fax |
+ 976 11 323548 |
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Email |
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Website |
www.msm.mn |
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Other
Information |
It is originally started by David Reiner, Bolormaa Suren and Laurenz
Melchers and is a fully licensed Mongolian company |
Registration Data
|
Date of Registration |
02/09/1998 |
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Registration number |
201518 |
|
Legal address |
MSM company
building Chingeltei
district, 6-th khoroo, |
|
Legal Form |
Limited Liability Company |
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Share Capital |
400,000,000.00 MNT |
Shareholders
with Shares
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Shareholder Names |
Share% |
|
Mr. Laurenz Melchers |
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Mr. Bolormaa Suren |
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Mr. David Reiner |
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Board/Executive
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Name |
Mr. Laurenz Melchers |
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Position within the company |
General Manager, Founder |
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Can fluently speak |
English |
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Name |
Mr. Bolormaa Suren |
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Position within the company |
Director, Owner |
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Can fluently speak |
English |
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Name |
Mr.D. Dangaasuren |
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Position within the company |
Secretary |
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Can fluently speak |
English |
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Name |
Mr. David Reiner |
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Position within the company |
Director, Owner |
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Can fluently speak |
English |
Changes in
Registration Data
None recorded
Activities
(REALISTIC and officials)
The subject is involved in mainly as a distribution network for
automotive sales and services. but
has quickly grown and diversified into a major business to include heavy duty
truck sales and services, consumer goods and health care distribution, mining and
construction equipment supply and services.
Service and distribution of Mercedes-Benz cars; import trade in a wide
range of toiletries.
It was one of best company in Mongolia in 2001
and 2003.
Staff
|
Number of staff
employed |
200 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Europe, Far East |
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Importing Terms |
Letters of credit |
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Import % and type of product |
100% - Finished Goods |
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Exports To |
Worldwide |
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Exporting Terms |
Letters of credit |
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Export % and type of product |
10% -
Finished Products |
Facilities
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Owned |
Offices, Warehouse |
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Premises Size |
- |
Branches
|
Address |
Bong Teiruu 6 MNG 2112 Ulanbatar Mongolia Premised: Owned-Office |
Bankers
|
Bank |
Khan Bank |
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Branch |
Main Branch |
Suppliers,
Partners
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Suppliers |
Not known |
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Partners |
DaimlerChrysler CONSUMER GOODS Johnson’s Johnson International |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
It declined all financial information.
Reporter Comments
|
Comments |
In the interview conducted with Mr. D. Dangaasuren ( Secretary) , he declined bank
account number and bank account numbers citing the grounds of company
confidentiality. Note: The address which you provided is the
branch address. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Medium
Trade Risk and to be fair. The company is known on Mongolia market. |
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Owner/Shareholders Comments |
All or most of the owners / shareholders have an active participation in
the running of the business. |
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Age of Business |
Old Business |
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MAX CREDIT |
USD 600,000.00 |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.90 |
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UK Pound |
1 |
Rs.74.30 |
|
Euro |
1 |
Rs.63.42 |
RATING
EXPLANATIONS
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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 |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)