MIRA
INFORM REPORT
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Report Date : |
25.10.2008 |
IDENTIFICATION DETAILS
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Name : |
FLH WOLF CO LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
18.06.2002 |
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Com. Reg. No.: |
4506091 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Supplier of Building Materials, Tiles, Ceramics and Decoration. |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Maximum Credit Limit : |
USD 65,000.00 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
FLH Wolf Co Ltd
Company acronym: -
Contact Information
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Address |
Misheel Center,
Chinggis Ave Khan Uul Distrcit Ulaanbaatar,
Mongolia |
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Postal Address |
P O BOX 1265 Central Post
Office 13 Ulaanbaatar,
Mongolia |
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Telephone |
+ 976 95254412 |
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Fax |
+ 976 11 330236 |
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Email |
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Website |
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Other Information |
Wolf.ub@gmx.net |
Registration Data
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Date of Registration |
18/06/2002 |
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Registration number |
4506091 |
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Legal address |
Misheel Center,
Chinggis Ave Khan Uul Distrcit Ulaanbaatar,
Mongolia |
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Legal Form |
Limited Liability Company |
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Share Capital |
9,150,000.00 MNT |
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Other Registration Data |
- |
Shareholders
with Shares
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Shareholder Names |
Share% |
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Wolf Family |
100% |
Board/Executive
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Name |
Mrs. Christian
Wolf |
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Position within the company |
General Director |
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Country of Birth |
Germany |
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Nationality |
German |
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Can fluently speak |
Dutch, English |
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E-mail |
Christian@flh-wolf.com |
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Mobile |
+976 99 810181 |
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Name |
Mr. S. Batbayar |
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Position within the company |
Director |
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Country of Birth |
Mongolia |
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Nationality |
Mongolian |
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Can fluently speak |
Mongol Khel, English |
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Name |
Ms. P. Enkhsaikhan |
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Position within the company |
Secretary |
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Country of Birth |
Mongolia |
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Nationality |
Mongolian |
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Can fluently speak |
Mongol Khel |
Changes in
Registration Data
None recorded
Activities (
realistic and officials)
Supplier of building materials, tiles ,ceramics and decoration.
Staff
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Number of staff
employed |
15 |
Export/Import
( Countries, goods and total values for the period)
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Imports From |
USA, China, Hong Kong, UK |
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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 |
Syria, Algeria, UAE |
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Exporting Terms |
Letters of credit |
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Export % and type of product |
5% - Finished Products |
Facilities
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Rented |
Offices, Warehouse |
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Premises Size |
- |
Subsidiaries
and Participation
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Parent Company |
- |
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Subsidiaries |
- |
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Affiliates |
- |
Branches
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Address |
2nd floor, Bldg 32a, Peace avenue, |
Bankers
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Bank |
Trade and Development Bank of Mongolia |
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Branch |
Main Branch |
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Address |
- |
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Telephone |
- |
Suppliers,
Partners
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Suppliers |
Not known |
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Partners |
Bally Mosaico, Louis Valentino, Stroeher, Marrazzi, Porcelanosam
Villeroy & Both, Versace, Venis, Bisazza, Buchtal, Kera Team, Uashach, Actual
Tools, Ken, Orient |
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.
Representation
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Auditors |
- |
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Solicitors |
- |
Reporter Comments
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Comments |
In the interview conducted with Ms. P. Enkhsaikhan ( Secretary) , she declined bank
account number citing the grounds of company confidentiality. Note: We changed the address which you provided
based on the legal 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. |
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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 65,000.00 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.95 |
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UK Pound |
1 |
Rs.79.56 |
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Euro |
1 |
Rs.63.65 |
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%)