MIRA INFORM REPORT
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Report Date : |
22.04.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
ULEMJ LLC |
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Registered Office : |
Seoul Street 100, Sukhbaatar District, P.O. Box 655, Ulaanbaatar 210646 |
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Country : |
Mongolia |
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Date of Incorporation : |
20.12.1990 |
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Com. Reg. No.: |
25/5300/(2078988) |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers of aluminium & PVC doors and windows |
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 : |
TUGRIK 300,000,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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Mongolia |
c1 |
c1 |
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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 |
Company
NAME
Ulemj LLC (Correct)
ULEMJ LLC-INTERNAT TRADING (Requested)
Company
ADDRESS
Street : Seoul Street 100
Area : Sukhbaatar District
P.O. Box :
655
Town : Ulaanbaatar 210646
Country : Mongolia
Telephone :
(976 11) 353 513 / 316 800 / 320 616 (Managing Director) / Mobile (976 99)
114461 (Batmunkh
Sengee)
Fax : (976 11) 353 514 / 316 806
E-Mail : info@ulemj.mn
Website : www.ulemj.mn
SENIOR
COMPANY PERSONNEL
Name Position
Batmunkh Sengee Managing Director
Total Employees : 220
PAYMENTS
No complaints have been heard regarding payments from
local suppliers
or banks.
We consider it is acceptable to deal with subject for
MEDIUM amounts,
although it is normal accepted practice for international
suppliers
to deal on secured terms with Mongolian importers.
Opinion on maximum credit : TUGRIK 300,000,000
Trade risk assessment : Normal
PRINCIPAL
BANKERS
NAME : KHAS BANK
Branch : Main Branch
Sukhbaatar district
P.O.Box : 46/721
Town : Ulaanbaatar 14200
Telephone : (976 11) 318
185
Fax : (976 11) 328 701
FINANCIAL
INFORMATION
Private companies in Mongolia are not required to publish
or
disclose balance sheets. However, the subject interviewed
offered
the following information :
Sales Turnover : US DLRS 10,000,000 - 2008 - exact
: US DLRS 8,000,000 - 2009 - exact *
: US DLRS 12,000,000 - 2010 - exact
Net Profit
: not given but stated to be 10-15% of the
sales turnover
* Decrease in sales turnover in 2009 was due to the
global economic
downturn and unfavourable market conditions.
Financial year ends 31 December.
LEGAL
STATUS AND HISTORY
Date Started :
20 December 1990
C.R. No. :
25/5300/(2078988)
Authorised & Paid up Capital : TUGRIK 15,870,000,000 (increased from
TUGRIK 1,853,153,000 on 30
March 2011)
Limited
liability company with the following sole shareholder :
Batmunkh Sengee
100%
ACTIVITIES
The Company is involved in the following activities :
Manufacturers of aluminium & PVC doors and windows.
Imports, wholesalers and retailers of food and household
products.
Subject also engages in marble processing.
Operators of supermarkets, a beauty salon and a
restaurant.
Imports from Germany, USA, Italy, The Netherlands,
Austria, Finland
and China.
Subject's principal suppliers include :
- Concord Enterprises Inc., USA. Tel : 1 (323) 588 8888
- Thyssen Polymer, Germany. Tel : 49 (9422) 821 115
- Schueco International, Germany. Tel : 49 5202 993 9315
- Maco (Mayer & Co), Austria. Tel : 43 662 6196-0
- Looze Expeditie, Netherlands. Tel : 31 541 533232
Subject does not export, all sales are
domestic.
FACILITIES
The Company has the following facilities :
Rented premises comprising administrative offices located
at the heading address as well as storage facilities located at 46 Sukhbaatar
District 210656 Ulaanbaatar. Owned premises comprising 3 supermarkets, a hairdressing
salon and restaurant.
Subject also has following facilities
- "Schueco" vaccuum window & doors factory
Seoul Street 100
Ulaanbaatar
210646
Tel : (976 11)
316 800
Fax : (976 11)
316 806
(rented)
- "California" Restaurant
Seoul Street 100
Ulaanbaatar
210646
Tel : (976 11)
319 031
Fax : (976 11)
316 709
(owned)
Supermarkets :
- "Good Price-1"
Makhatma
Gandigiyn Street 60-р
Ulaanbaatar
210646
Tel: (976 11)
310 057
E-mail:
admin@ulemj.mn
(owned)
- "Good Price-2"
Seoul Street 100
Ulaanbaatar
210646
Tel: (976 11)
324 322
(owned)
- "Good Price-3"
Barilgachdyn
Street 1-16
Tel: (976 99)
146 830
(owned)
Beauty Salon :
- Grease Beauty
Salon
Seoul Street 100
Ulaanbaatar
210646
Tel: (976 11)
313 221
(owned)
SPECIAL
NOTE
You enquired on : ULEMJ LLC-INTERNAT
TRADING. Please
note the correct name is as per heading.
Interviewed : Batmunkh Sengee (Managing Director).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.33 |
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UK Pound |
1 |
Rs.72.92 |
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Euro |
1 |
Rs.64.69 |
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 |
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 |
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.