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Report Date : |
18.04.2013 |
IDENTIFICATION DETAILS
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Name : |
MCS ELECTRONICS CO LTD |
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Formerly Known As : |
MCS ELECTRONICS LLC |
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Registered Office : |
Central Tower, 14th Floor 2 Sukhbaatar
Square, Sukhbataar District, SBD-8 Ulaanbaatar 210620A |
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Country : |
Mongolia |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
02.10.1997 |
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Com. Reg. No.: |
2113155 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers and
distributors of computers and peripherals. |
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No. of Employees : |
250 |
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 : |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
MONGOLIA - ECONOMIC OVERVIEW
Mongolia's extensive mineral deposits and attendant growth
in mining-sector activities have transformed Mongolia's economy, which
traditionally has been dependent on herding and agriculture. Mongolia's copper,
gold, coal, molybdenum, fluorspar, uranium, tin, and tungsten deposits, among
others, have attracted foreign direct investment. Soviet assistance, at its
height one-third of GDP, disappeared almost overnight in 1990 and 1991 at the
time of the dismantlement of the USSR. The following decade saw Mongolia endure
both deep recession, because of political inaction and natural disasters, as
well as economic growth, because of reform-embracing, free-market economics and
extensive privatization of the formerly state-run economy. The country opened a
fledgling stock exchange in 1991. Mongolia joined the World Trade Organization
in 1997 and seeks to expand its participation in regional economic and trade
regimes. Growth averaged nearly 9% per year in 2004-08 largely because of high
copper prices globally and new gold production. By late 2008, Mongolia was hit
hard by the global financial crisis. Slower global economic growth hurt the
country's exports, notably copper, and slashed government revenues. As a
result, Mongolia's real economy contracted 1.3% in 2009. In early 2009, the
International Monetary Fund reached a $236 million Stand-by Arrangement with
Mongolia and the country has largely emerged from the crisis with better
regulations and closer supervision. The banking sector strengthened but
weaknesses remain. In October 2009, Mongolia passed long-awaited legislation on
an investment agreement to develop the Oyu Tolgoi mine, considered to be among
the world's largest untapped copper deposits. Recent calls by nationalist
politicians to renegotiate the investment agreement, however, have called into
question the attractiveness of Mongolia as a destination for foreign direct
investment. Negotiations to develop the massive Tavan Tolgoi coal field face
similar obstacles. The economy grew by 6.4% in 2010, 17.5% in 2011, and by more
than 12.3% in 2012, largely on the strength of commodity exports to nearby
countries and high government spending domestically. Mongolia's economy,
however, faces near-term economic risks from the government's loose fiscal
policies, which are contributing to high inflation, and uncertainties in
foreign demand for Mongolian exports. Trade with China represents more than
half of Mongolia's total external trade - China receives more than 90% of Mongolia's
exports. Mongolia purchases 95% of its petroleum products and a substantial
amount of electric power from Russia, leaving it vulnerable to price increases.
Due to severe winter weather in 2009-10, Mongolia lost 22% of its total
livestock, and meat prices doubled. Inflation remained higher than 10% for much
of 2010-12, due in part to higher food and fuel prices. The economic slowdown
in China during 2011-2012 resulted in fewer Mongolian exports, a widened trade
gap, and decreased government revenues, putting pressure on Mongolian fiscal
policy. Remittances from Mongolians working abroad, particularly in South
Korea, are significant.
Source
: CIA
MCS Electronics
Co Ltd (Correct)
MCS ELECTRONICS
LLC (Requested)
Building : Central Tower, 14th Floor
Area : 2
Sukhbaatar Square, Sukhbataar District, SBD-8
Town : Ulaanbaatar
210620A
Country : Mongolia
Telephone: (976
11) 323 705 est. 55 (Logistics Manager) / 312 424 / Mobile (976 88) 113 263 /
(976 88) 114 485 (Munkhzul Batsaikhan) / (976 88) 115 657 (Sunduibaatar Nyam)
Fax : (976 11) 312 699
E-Mail : battulga@mcs.mn / electronics@mcs.mn
Website : www.electronics.mcs.mn
Trading Style : Mogul
Also known as :
MCS Electronics LLC / MCS Electronics XXK
Name Position
1. Battulga
Norolkhoojav Chief Executive Officer
2. Jargalsaikhan
Baldorj Chief Operating Officer
3. Sunduibaatar
Nyam Financial Manager
4. Oyunbaatar Tumurbaatar Head of Sales Department
5. Munkhzul
Batsaikhan Accounts Manager
6. Amir
Ulzit Logistics Manager
7. Ms. Bera Accountant
Total Employees
: 250
(subject)
8,000 (group)
No complaints
have been heard regarding payments from local suppliers
or banks.
Subject is a
member of the MCS Group of Companies - one of the
largest private
sector entities in terms of number of employees in
Mongolia with
about 8,000 through its contractors and subcontractors. The Group has more than
32 subsidiaries covering diversified business activities including: energy
& infrastructure, general manufacturing
& services,
information & communications, property development, and -
food, beverage
& alcohol. The Group had annual sales turnover $US 250
million in 2008.
Associations
inspire added confidence and we consider it is acceptable to deal with subject
for LARGE amounts, although it is normal accepted practice for international
suppliers to deal on secured terms with Mongolian importers.
Trade risk
assessment : Normal
NAME :
TRADE AND DEVELOPMENT BANK OF MONGOLIA
Branch : Khudaldaany Gudamj 7
Town :
Ulaanbaatar
Telephone : (976 11) 321 171
Fax : (976 11) 325 449
Group members
have accounts with the following banks :
1. Golomt Bank of
Mongolia
Main Branch
4th Floor, Sukhbaatar Square 3
Ulaanbaatar
Telephone: (976 11) 311 530 / 311 971 /
326535
Fax
: (976 11) 311 958 / 312 307
2. Khan Bank
Seoul Street 25
Sukhbaatar District
Ulaanbaatar
Telephone: (976 11) 332 333
Fax
: (976 70) 117 023
3. Khas Bank
Da Huree automarket
Ulaanbaatar
Telephone: (976 11) 459 023
Fax
: (976 11) 459 023
4. Anod Bank of
Mongolia Ltd
Khudaldaany Gumamj 18
Chingeltei 211238
Ulaanbaatar
Telephone:
(976 11) 315 315 / 313 179
Fax
: (976 11) 313 070
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 8,000,000 - 2005 - exact
: US DLRS 12,000,000 - 2006
- exact
: US DLRS 17,000,000 - 2007
- exact
: US DLRS 32,000,000 - 2008
– exact
: US DLRS 28,500,000 - 2009
- exact
: US DLRS 31,300,000 - 2010
- exact
: US DLRS 40,000,000 - 2011
- exact
: US DLRS 40,500,000 - 2012
- exact
: US DLRS 35,000,000 - 2013
– projected *
Net Profit : but stated to be 6% of the sales
turnover
* Projected
decrease in sales turnover in 2013 is due to diversified policy of the company,
planning to decrease distribution of computers and to increase IT solution
services.
Financial year
ends 31 December.
The following
balance sheets applies to the MCS Group of Companies (latest available) :
Sales
Turnover : US DLRS 40,000,000 - 2002 - exact
: US DLRS 50,000,000 - 2003 - exact
: US DLRS 80,000,000 - 2004 - exact
: US DLRS 100,000,000 -
2005 - exact
: US DLRS 150,000,000 -
2006 - exact
: US DLRS 200,000,000 - 2007 - exact
: US DLRS 250,000,000 -
2008 - exact
Net Profit : not given but stated to be 10%.
Financial year
ends 31 December.
Consolidated
Balance Sheets applies to Mongolian Mining Corporation LLC as at 31 December
2011 are as follows :
2011 2010
(in
thousands of US DLRS)
ASSETS
Non-current assets
Property, plant and
equipment, net 347,109
76,646
Construction in
progress
183,229 232,784
Lease prepayments 105 118
Intangible assets 681,352 –
Interest in
associates 4,278 19
Other non-current
assets
7,423 26,889
Deferred tax
assets
9,698 1,681
Total non-current
assets
1,233,194 338,137
Current assets
Inventories
57,734 7,876
Trade and other
receivables
109,322 32,350
Cash at bank and in
hand 227,765 674,907
Total current
assets 394,821 715,133
Current liabilities
Short-term borrowings
and current portion
of long-term
borrowings)
333,568 85,909
Trade and other
payables
118,680 40,315
Current taxation 17,508 5,455
Convertible bond 83,508 –
Obligations under
finance leases
247 –
Total current
liabilities
553,511 131,679
Net current
(liabilities)/assets
(158,690) 583,454
Total assets less
current liabilities
1,074,504 921,591
Non-current
liabilities
Interest-bearing
borrowings, less
current portion 144,661 165,214
Long-term
payables
– 16,811
Provisions
11,110 6,904
Deferred tax
liabilities
149,656 5,381
Obligations under
finance leases 213 –
Total non-current
liabilities
305,640 194,310
NET ASSETS
768,864 727,281
CAPITAL AND RESERVES
Share capital 37,050 37,050
Reserves
731,814 690,231
TOTAL EQUITY
768,864 727,281
INCOME STATEMENT
Revenue
542,568 277,502
Cost of revenue (336,368) (164,368)
Gross profit
206,200 113,134
Other revenue 435 511
Other net
income/(expense)
76 (187)
Administrative
expenses
(60,303) (38,685)
Profit from
operations
146,408 74,773
Finance income 22,236 12,335
Finance costs (13,785) (4,214)
Net finance
income
8,451 8,121
Share of
(losses)/profits of associates
(119) 2
Profit before
taxation
154,740 82,896
Income tax (35,650) (22,757)
Profit for the
year
119,090 60,139
Other comprehensive
income for the year
Exchange differences
on re-translation (79,153) 7,601
Total comprehensive
income for the year 39,937 67,740
Profit attributable to
the equity
shareholders of the
Company 119,090 60,139
Total comprehensive
income attributable to
the equity
shareholders of the Company
39,937 67,740
Basic earnings per
share 3.21 cents 1.91 cents
Diluted earnings per
share 3.07 cents 1.91 cents
Financial
year ends 31 December.
Date Started : 2
October 1997
History : The
subject company was established in Mongolia on 2 October 1997 with MCS Holding
Co Ltd (90%) and Bayar Vanchij (10%) (Mongolian national) as subject's
shareholders. In 2007, shareholding structure was as follows: MCS Holding Co
Ltd, Battulga Norolkhoojav, Orbitnet Co Ltd, Monsat Co Ltd, Sky Networks Co Ltd
and Telemax Co Ltd. At the end of 2010 subject's shareholding structure changed
to the present.
C.R. No. :
2113155
Authorised
Capital : US DLRS 400,000
Paid up Capital :
US DLRS 400,000
Limited Liability
Company with the following shareholders :
Shareholders Percentage
1. MCS Holding
LLC 97%
Central Tower, 15th Floor
2 Sukhbaatar Square, Sukhbataar District,
SBD-8
Ulaanbaatar 210620a
Telephone: (976 11) 312 625 ext. 1546 (Ms.
Tuksjargal) / 311 079 /
(976 77) 212 625 / (976 99) 118 123 / (976
88) 800 666 (N.
Arunbol)
Fax
: (976 11) 312 175
E-Mail
: azzaya.s@mcs.mn / n.zolo@mcs.mn / ganhuyat@mcs.net /
gantumur.l@mcs.net
Tax No.: 2628236
2. Undisclosed 5
private individuals 3%
MCS Holding LLC
has the following shareholders :
Percentage
1. Odjargal
Jambaljamtsiin 49.84%
(Mongolian national)
2. Od
Jambaljamtsiin 28.69%
(brother of the above)
3. Enkh-Amgalan
Luvsantseren 3.19%
4. Undisclosed 7
individuals 18.28%
MCS Holding Co
Ltd, founded in 1993 as the first Mongolian private
consulting
company in the energy sector, the MCS Group has
successfully
expanded its business operations in such diversified
fields, as energy
and infrastructure, information and communication
technology,
beverage manufacturing and distribution, wholesale and
retail, property
development, construction and printing. The MCS
Group has 4,000
employees and has been ranked as one of the top five
taxpayers for the
last consecutive years.
Personal Profile
on Odjargal Jambaljamtsiin :
Odjargal
Jambaljamtsiin graduated from the Polytechnic Institute,
Kiev, in 1989,
Mr. Odjargal worked as an engineer at the Energy
Bureau in
Mongolia for a few years before setting up his own
engineering
company in 1993. He has a MBA from Maastricht School of
Management.
Od Jambaljamtsiin
:
Mr. Od, the older
brother of Mr. Odjargal, graduated from Moscow
University of
Foreign Relations with a bachelorÿs degree and from
Oxford School of
Foreign Service with a masterÿs degree and had
served as a
diplomat for many years before joining the company.
Affiliated
companies of MCS Electronics Co Ltd :
Associates
1. Mongolian Mining Corporation LLC
Central Tower, 15th Floor
2 Sukhbaatar Square, 8 Khoroo, Sukhbaatar
District
Ulaanbaatar 210620a
Telephone: (976 70) 122 279
Fax
: (976 70) 132 279
Registered address: Cricket Square,
Hutchins Drive,
Grand Cayman, KY1-1111, Cayman Islands P.O.
Box 2681
2. Erchim Suljee LLC
MCS Anun Center
Chinggis Avenue
Khan-Uul District, 3rd Khoroo
Ulaanbaatar 210136
Telephone: (976 11) 346 464
Fax
: (976 11) 346 262
3. Uniservice Solution LLC
Central Tower, 9th Floor, Office
907
2 Sukhbaatar Square, Sukhbataar District,
SBD-8
Ulaanbaatar 210620a
Telephone: (976 70) 113 360 / 113 360 /
Mobile (976 88) 111 940
(Oyunbileg Sharav) / (976 88) 100 309
Fax
: (976 70) 113 359
E-Mail
: info@uss.mn / oyunbileg.sh@mcs.mn
Managing Director : Ts. Altantsetseg
Est.: 1 April 2005
Tax No.: 2878593
4. Spirt Bal Buram JSC
Mandal Sum
Selenge Aimag
Telephone: (976 11) 311 079
Fax
: (976 11) 312 175
E-mail
: eldevoch@mcs.mn
5. Interpress Co Ltd
MCS Plaza, 1st Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 326 898 / Mobile (976
99) 118 668
Fax
: (976 11) 329 474
E-mail
: interpress@magicnet.mn
6. MCS Property LLC
MCS Palaza
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 311 079 / 312 625
Fax
: (976 11) 312 175
C.R. No.: 9011012015
Tax No.: 5040159
7. Anungoo Co Ltd (Procter & Gamble)
MCS Plaza, 2nd Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 961 619
Fax
: (976 11) 312 175
E-mail
: anungoo@mcs.mn
8. MCS International LLC
MCS Anun Center
Chinggis Avenue
Khan-Uul District, 3rd Khoroo
Ulaanbaatar 210136
Telephone: (976 77) 226 363 / 226 6264
Fax
: (976 77) 226 030
Est.: 1 April 1996
C.R. No. : 9011035035
Tax No.: 2090007
Capital : TUGRIK 700,000,000
Sole shareholder : MCS Holding LLC
9. Chinggiz Eco Tour Co Ltd
MCS Plaza, 5th Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 99) 115 153
Fax
: (976 11) 312175
10. Devshil-Trade
Co Ltd
Sonsgolon
Bayangol District
Ulaanbaatar
Telephone: (976 11) 632 964 / 631 539
Fax
: (976 11) 631 709
E-mail
: deb_enkh@mcs.mn
11. MCS Gyals
Medical Centre
1st Floor
Russian Hospital
Jukov Ave.131
Bayanzurkh district
Ulaanbaatar
Telephone: (976 99) 112 603 / (11) 457 781
Fax
: (976 11) 451 807
E-mail
: mcsInter@mcs.mn
12. Zuunkharaa
Trade Co Ltd
MCS Coca-Cola Plaza
Chingis Avenue
Khan Uul district
Ulaanbaatar-19
Telephone: (976 11) 345 234
Fax
: (976 11) 345 228
13. Unitel
LLC
Central Tower, 8th Floor
Sukhbatar Square 2
Sukhbatar District 8
Ulaanbaatar 210620A
Mongolia
Telephone:
(976 11) 331 730
Fax
: (976 11) 330 708
E-Mail
: bayarbakhdal@unitel.mn
Est.: 5 October 2005
C.R. No.: 482106
14. MCS Coca Cola
LLC
MCSCC Plant
Peace Avenue, Gachuurt Road 104
Amgalan 13260, Bayanzurkh District, 10th
Khoroo
Ulaanbaatar
Telephone: (976 70) 165 555 / Mobile (976
88) 111 399 (Myagmarjav
Luvsandash) / (976 88) 117 501 (Khandaa
Tsedendamba)
Fax
: (976 70) 165 500
E-Mail
: khandaa.ts@mcscocacola.mn /
myagmarjav.l@mcscocacola.mn
Website
: www.mcscocacola.mn
Est.: 26 July 2001
C.R. No. : 9011080120
Tax No.: 2663503
Capital : TUGRIK 5,000,000,000
Sole shareholder : MCS Holding LLC
15. Mon Sat Co
Ltd
MCS Plaza, 3rd Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 312 625
Fax
: (976 11) 312 175
16. Orbitnet Co
LLC
Central Tower 14/F
Sukhbaatar Square No. 2
Sukhbaatar District, SBD-8
Ulaanbaatar-210620A
Telephone: (976 11) 323 705
Fax
: (976 11) 312 699
17. Officenet LLC
MCS Plaza, 3rd Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 344 931
Fax
: (976 11) 312 175
18. Goyo Co Ltd
MCS Plaza, 3rd Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 342 531
Fax
: (976 11) 344 015
19. Shangrila
Hotel
Ulaanbaatar
Telephone: (976 11) 326 602
Fax
: (976 11) 326 643
20. Orchlon
School
Ulaanbaatar
Telephone: (976 11) 353 519
Fax
: (976 11) 354 115
21. Orchlon Club
Ulaanbaatar
Telephone: (976 11) 354 327
Fax
: (976 11) 354 326
22. MCS
Distribution LLC
Ulaanbaatar
Telephone: (976 11) 345 234
Fax
: (976 11) 345 460
23. Energy
Resources LLC
Central Tower
2 Sukhbaatar square, SBD-8
15th floor
Ulaanbaatar 210620A
Telephone: (976 70) 122 279 / 132 279
Fax
: (976 11) 322 279
Tax No.: 2887746
Capital : US DLRS 26,200,370
24. Global Energy
Ulaanbaatar
Telephone: (976 11) 311 079
Fax : (976 11) 312 175
25. Medimpex
Ulaanbaatar
Telephone: (976 11) 310 429
Fax
: (976 11) 318 254
26. Irish Pub
Grand Khaan
Ulaanbaatar
Telephone: (976 11) 336 666
Fax
: (976 11) 330 995
27. MCS - APB LCL
Ulaanbaatar
Telephone: (976 11) 464 304
Fax
: (976 11) 464 306
28. Sky Resort
Ulaanbaatar
Telephone: (976 11) 311 079
Fax
: (976 11) 311 079
29. MCS Estates
Ulaanbaatar
Telephone: (976 11) 311 079
Fax
: (976 11) 312 175
30. Green
Catering LLC
14th Floor, Central Tower
Ulaanbaatar
Mongolia
Telephone: (976 11) 314 411
Fax
: (976 11) 314 411
Est.: 2008
31. MCSCom LLC
Central Tower, 14th Floor
Sukhbaatar Square No. 2
Sukhbaatar District, SBD-8
Ulaanbaatar 210620A
Telephone: (976 11) 323 705
Fax
: (976 11) 312 699
32. MCS Anun LLC
1st floor, Building M-100
Chingeltei District
Ulaanbaatar
Telephone: (976 11) 312 908 / 312 938
Fax
: (976 11) 312 907
33. Glamour LLC
Ulaanbaatar
34. MCS Health
LLC
35. SBB Trade LC
36. MCS Armor LLC
37. MCS Metals
LLC
38.Enerko LLC
MCS Anun Center
Chinggis Avenue
Khan-Uul District, 3rd Khoroo
Ulaanbaatar 210136
Telephone: (976 11) 346 464
Fax
: (976 11) 346 262
39. MCS Tour Co
Ltd
MCS Plaza, 5th Floor
Seoul St 4
Ulaanbaatar 210644
Telephone: (976 99) 115 153
Fax
: (976 11) 312175
E-mail
: MCSTour@mcs.mn
(dormant)
40. Mongolian Coal
Corporation Limited
Three Pacific Place, Level 28
1 Queen’s Road East
Hong Kong
Capital : HK DLRS 1
41. Mongolian Coal
Corporation S.a.r.l.
Luxemburg
Capital : EURO 31,000
42. Baruun Naran
Limited
Gibraltar
43. Energy
Resources Corporation LLC
Mongolia
Capital : US DLRS 100,000
44. Energy
Resources Rail LLC
Central Tower, 16th Floor
2 Sukhbaatar Square, 8 Khoroo, Sukhbaatar
District
Ulaanbaatar 14200
Telephone: (976 70) 122 279 / 132 279
Fax : (976 70) 111 399 / 132
279
Chief Executive Officer : Oyunbat
Lkhagvatsend
Employees: 100
Est.: 8 July 2008
Tax No.: 5241111
Capital : TUGRIK 10,700,000,000
Sole shareholder : Energy Resources LLC
(Engages in management of railway project
and responsible for the
implementation of the construction of the
railway base
infrastructure)
45.
Enrestechnology LLC
Central Tower, 16th Floor, West Wing
2 Sukhbaatar Square, 8 Khoroo, Sukhbaatar
District
Ulaanbaatar 210620a
Telephone: (976 70) 122 279
Fax
: (976 70) 132 279
Chief Executive Officer : Davaakhuu Chultem
Est.: 25 June 2009
Tax No.: 3614107
Capital : 3,466,163,000
46. Energy
Resources Mining LLC
Central Tower, 15th Floor
2 Sukhbaatar Square, 8 Khoroo, Sukhbaatar
District
Ulaanbaatar 210620a
Telephone: (976 70) 122 279
Fax
: (976 70) 132 279
Est.: 23 December 2008
Capital : US DLRS 1,000
(Responsible for the mining and technical
operations of the UHG
deposit)
47. Transgobi LLC
Mongolia
Capital : TUGRIK 9,122,641,836
48. Tavan Tolgoi
Airport LLC
Mongolia
Capital : TUGRIK 3,475,379,000
49. Energy
Resources Road LLC
Mongolia
Capital : TUGRIK 1,000,000
50. International
Medical Center LLC
Mongolia
51. International
Technical College LLC
Mongolia
52. Ukhaa Khudag
Water Supply LLC (frmly United Water LLC)
Mongolia
Est.: 24 June 2009
Capital : TUGRIK 1,000,000
53. United Power
LLC
Mongolia
Capital : TUGRIK 3,025,219,000
54. Gobi Road LLC
Mongolia
Capital : TUGRIK 1,000,000
55. Public Service
LLC
Mongolia
Capital : TUGRIK 20,000,000
56. Khangad Exploration LLC
Central Tower, 16th Floor
2
Sukhbaatar Square, 8 Khoroo, Sukhbaatar District
Ulaanbaatar 14200
Telephone: (976 70) 122 279 / 132 279
Fax
: (976 70) 111 399 / 132 279
E-Mail
: ankhbayar.nergui@bncoal.mn
Est.: 23 February 2006
Tax No.: 2887134
License No. : MV-14493 (for the BN Coking coal deposit)
Capital : TUGRIK 42,491,100,000
Sole shareholder: Baruun Naran S.a.r.l.
(Luxembourg)
The Company is
involved in the following activities :
Importers and
distributors of computers and peripherals.
Manufacturers of
computer under the brand “Mogul”.
Subject operates
through the following divisions :
Computer Business
Equipment Division :
- Distribution
- Channel
Products
- Services
(Doctor Computer Service Center)
Project, System
Integration And Software Division :
- Project
Department
- System
Integration Department
- Software
Department
Subject also
provides the following services:
- Internet
Service
- Sales and
procurement
- Network &
Telecommunication
- Automation
& Security
- Software
development
Subject's market
share is over 30%.
NACE Code: 4651
Subject is an
authorised distributor of Dell, NEC-Packard Bell,
Avaya, Linksys,
Asus, Cisco, Canon, HP and GE-Honeywell.
Agents for Acer,
Apple, Avaya, Bit Defender, Canon HongKong Company
Limited, CISCO,
Logitech, DELL Asia Pacific Sdn, D-Link International
Pte Ltd, Hewlett
Packard, FORS, Foxconn, Freebalance, Genius,
Globalstar,
Huawei, IBM, iDirect, Kingston, Inmarsat, Intel, Lenovo,
Matsushita
Electric Industrial, Microsoft, Micro-Star International
(MSI), Vivotec,
Zebra Technologies, Zyxel and Motorola.
Imports from
Singapore, Finland, South Korea, USA, China, Hong Kong and Malaysia.
Subject does not
export, all sales are domestic.
The Company has
the following facilities :
Owned
administrative offices located at the heading address as well as a
manufacturing unit and storage facilities located elsewhere in Ulaanbaatar.
Subject has 8 retail stores throughout Mongolia (see 'Branch Offices' below).
Until early May
of 2009, subject was located at :
MCS Plaza, 3rd
Floor
Seoul Street
4(fmly Natsagdorj Street)
Ulaanbaatar
Post Code 210644
Telephone: (976
11) 323 705 / 312 625
Fax : (976 11) 311 323 / 312 175
Central Tower,
14th Floor
2 Sukhbaatar
Square, Sukhbataar District, SBD-8
Ulaanbaatar
210620A
1. ITZone Store
MCS Plaza, 1st floor
Seoul Street 4
1st Khoroo
Sukhbaatar District
Ulaanbaatar
Telephone: (976 11) 311 915
Fax
: (976 11) 311 915
2. ITZone Store
Tedy Center, 3rd floor, 40th Capinet
3rd Khoroo
Chingelteli District
Ulaanbaatar
Telephone: (976 11) 331 389 / 331 340 /
Mobile (976 88) 110 809
Fax
: (976 11) 331 389
3. ITZone Store
Niislel Daatgal LLC Building, 1st floor
Peace Avenue
Chingelteli District
Ulaanbaatar
Telephone: (976 70) 110 544 / Mobile (976
88) 117 444
Fax
: (976 70) 110 544
4. ITZone Store
Mergeltnii 100th Building, 1st Floor
3rd Khoroo, Chingelteli District
Ulaanbaatar
Telephone: (976 11) 312 908 / Mobile (976
88) 112 088
Fax
: (976 11) 312 908
5. ITZone Store
Khulan-2 Center Building,
14th Khoroo, 4th Microdistrict
Bayangol District
Mongolia
Telephone: (976 88) 065 383 / (976 91) 991
209
6. ITZone Store
Darkhan
Telephone: (976 1372) 28809 / Mobile (976
99) 177 137
Fax
: (976 1372) 28809
7. Canon Store
Niislel Daatgal LLC Building, 1st Floor
Peace Avenue, Chingelteli District
Ulaanbaatar
Telephone: (976 70) 110 544 / Mobile (976
88) 117 444
Fax
: (976 70) 110 544
8. MCS Lenovo
Center
Mergeltnii 100th Building, 1st Floor
3rd Khoroo, Chingelteli District
Ulaanbaatar
Telephone: (976 11) 312 908 / Mobile (976
88) 112 088
Fax
: (976 11) 312 908
You enquired on :
MCS ELECTRONICS LLC. Please note that this name applies to an also known as of
the subject’s name. Subject’s correct registered name is as per heading.
The postal
address given by you: 14200, Ulaanbaatar is incorrect. Please note that
subject’s administrative office PO Box number is as per heading.
Interviewed:
Jargalsaikhan Baldorj (Chief Operating Officer).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.94 |
|
|
1 |
Rs.82.76 |
|
Euro |
1 |
Rs.71.04 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.