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Report Date : |
28.03.2012 |
IDENTIFICATION DETAILS
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Name : |
SPC M OIL CO LTD. |
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Registered Office : |
Dilav Khutagt Jamsranjav Street
6/8, Bayangol District, Ulaanbaatar |
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Country : |
Mongolia |
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Date of Incorporation : |
22.04.2011 |
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Com. Reg. No.: |
5472229 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as importers and
wholesalers of palm, engine and hydraulic oils |
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No. of Employees : |
25 |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Street : Dilav Khutagt Jamsranjav Street 6/8
Area : Bayangol District
Town : Ulaanbaatar
Country : Mongolia
Mobile : (976 99) 080 809
(Tselmeg Adiya)
E-Mail : sweet_standard@yahoo.com
Name Position
Tselmeg Adiya General Director
Total Employees : 25
No trade experience of payments is available.
Subject is a newly established company incorporated in April 2011.
Trade risk assessment : High
It is normal accepted practice for international suppliers to deal on
secured terms with Mongolian importers.
NAME : KHAN BANK
Branch : Seoul Street 25, Sukhbaatar District
Town : Ulaanbaatar
Telephone : (976 11) 332
333
Fax : (976 11) 327 467
The company also has an account with:
Golomt Bank of Mongolia
4th Floor, Sukhbaatar Square 3
P.O. Box : 11
Ulaanbaatar 210620A
Telephone : (976 11) 311
530 / 311 971 / 326 535
Fax : (976 11) 311 958 / 312 307
As the Company has only recently started trading, relevant financial
information is not available. However, the subject interviewed offered the
following information :
Sales Turnover : TUGRIK 200,000,000 - 2011 – exact *
Net Profit : TUGRIK 30,000,000 - 2011 – exact *
* First 9 months of operations (April - December)
Financial year ends 31 December.
Date Started : 22
April 2011
C.R. No. :
5472229
Capital : not given
Limited
Liability Company with the following sole shareholder:
Tselmeg Adiya
100%
Affiliated company of the subject company :
Associate
Sweet Standard Co Ltd
Dilav Khutagt Jamsranjav Street 6/8
Bayangol District
Ulaanbaatar
Mobile : (976 55) 159 022
Email : tselmeg_spc_mn@yahoo.com
The Company is involved in the following activities :
Trading as importers and wholesalers of palm, engine and hydraulic oils.
NACE Code : 4671
Imports from Singapore.
Subject does not export, all sales are domestic.
Subject’s principal suppliers : Lam Soon Pte Ltd (Singapore) and SPC
(Singapore).
The Company has the following facilities :
200 sq. m. rented premises comprising administrative offices and a retail
outlet located at the heading address.
This amended report is sent as a replacement
of our previous report Ref: 716473.01.C.OZN.X / dated 26/03/2012.
Interviewed: Tselmeg Adiya (General Director).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.49 |
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UK Pound |
1 |
Rs.84.66 |
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Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.