MIRA INFORM REPORT

 

 

Report Date :

27.09.2011

 

IDENTIFICATION DETAILS

 

Name :

PRICEWATERHOUSECOOPERS AUDIT LLC

 

 

Formerly Known As :

PWC MONGOLIA

 

 

Registered Office :

Central Tower Office Building Level 6, Suite 601 Sukhbaatar Square, SBD-8 Ulaanbaatar 210620a

 

 

Country :

Mongolia

 

 

Date of Incorporation :

11.02.2010

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Audit, Assurance and Business Advisory Services; Business Process Outsourcing, etc

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

                                       New Business

 

--

 

Status :

New Company

Payment Behaviour :

Unknown

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Mongolia

C1

C1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company NAME

 

PricewaterhouseCoopers Audit LLC

 

 

ADDRESS

 

Building : Central Tower Office Building Level 6, Suite 601

 

Area     : Sukhbaatar Square, SBD-8

 

Town     : Ulaanbaatar 210620a

Country  : Mongolia

 

Telephone: (976 11) 322 069 / Mobile (976 91) 100 020 (Esentsengel Sukhee) / (976 99) 024 385 (Bolormaa Tsendenpil) / (976 99) 095 939 (Enkhjankhlan Tseye) / (7 701) 783 0478 / (7 701) 768 0334 (Dina Kali) 

Fax      : (976 11) 322 069 

E-Mail   : sebastian.merriman@mn.pwc.com / richard.bregonje@kz.pwc.com

 

Also Known As : PwC Mongolia

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                     Position

 

1. Alper Akdeniz                        Managing Partner Central Asia and

  (based in Kazakhstan)              Caucasus

 

2. Caroline Clark                        Partner   

 

3. Robert Dennis                        Energy, Utilities & Mining Leader for

  (based in Kazakhstan)              Central Asia

 

4. Dan Feder                             Assurance Partner

 

5. Richard Bregonje                    Tax Partner

  (based in Kazakhstan)       

 

6. Bolormaa Tsendenpil              Senior Assurance Manager 

 

7. Sebastian Merriman               Tax Leader

 

8. Esentsengel Sukhee              Markets Leader

 

9. Enkhjankhlan Tseye               Tax Manager

 

10.Dina Kali                               Legal Advisor

  (based in Kazakhstan)        

Total Employees : 50

 

 

PAYMENTS

 

No trade experience of payments is available

 

Subject is newly established company incorporated in February 2010 and commenced operation in June 2010.

 

Subject is part of PricewaterhouseCoopers Group and provides

auditing, financial and tax consultation services. PricewaterhouseCoopers (PwC) is a global professional services firm headquartered in London, United Kingdom. PwC is the world's second-largest professional services firm (after Deloitte) and one of the "Big Four" accountancy firms. PricewaterhouseCoopers is the world's largest professional services organisation employing more than 175,000 people in 154 countries. It had total revenues of $26.6 billion in 2010, of which $13 billion was generated by its Assurance practice, $7 billion by its Tax practice and $6 billion by its Advisory practice.

 

Opinion on maximum credit : As the company has recently started

                            trading and has no financial or payment

                            track record, we recommend dealing on

                            fully secured terms.

 

Trade risk assessment : High

 

It is normal accepted practice for international suppliers to deal on

secured terms with Mongolian importers.

 

 

PRINCIPAL BANKERS

 

NAME     : TRADE AND DEVELOPMENT BANK OF MONGOLIA

 

Street   : Khudaldaany Gudamj 7

P.O. Box : 11

Town     : Ulaanbaatar

 

Telephone: (976 11) 311 537 / 321 051 / 326 729 / 325 449

Fax      : (976 11) 325 449 / 312 418

 

The company also has an account with other banks.

 

 

FINANCIAL INFORMATION

 

As the Company has only recently started trading, relevant financial information is not available.

 

 

LEGAL STATUS AND HISTORY

 

Date Started : 11 February 2010

 

History : The subject company was established in Mongolia on 11 February 2010 and commenced operation in June 2010.

 

Tax No. : 5357128

Capital : not given

 

Limited Liability Company with the following sole shareholder :

 

Bayarma Davaa                                100%

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Subject provides following services:

 

- Audit, Assurance and Business Advisory Services;

- Business Process Outsourcing;

- Corporate Finance & Recovery Services;

- PwC Consulting;

- Global HR Solutions;

- Global Tax Services.

 

Subject does not import / export any requirements at present.

 

 

FACILITIES

 

The Company has the following facilities :

 

Administrative offices located at the heading address.

 

Until August 2010 subject was located at :

 

Central Tower, Floor 4, Suite 404,

Sukhbaatar Square, SBD-8

Ulaanbaatar 210620a

 

 

SPECIAL NOTE

 

Interviewed : Bolormaa Tsendenpil (Senior Assurance Manager). 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.62

UK Pound

1

Rs.76.68

Euro

1

Rs.66.47

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.