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Report Date : |
18.04.2013 |
IDENTIFICATION DETAILS
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Name : |
MCS PROPERTY LLC |
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Formerly Known As : |
MCS Property XXK |
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Registered Office : |
Central Tower, 14th Floor 2 Sukhbaatar Square, Sukhbataar District, SBD-8 P.O.Box No.: 210620A Ulaanbaatar 14200 |
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Country : |
Mongolia |
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Financials (as on) : |
31.12.2011 |
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Year of Incorporation : |
2006 |
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Com. Reg. No.: |
9011012015 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Building
contractors. |
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No. of Employees : |
500 |
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
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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 Property LLC
Building : Central
Tower, 14th Floor
Area : 2
Sukhbaatar Square, Sukhbataar District, SBD-8
P.O.Box No.: 210620A
Town : Ulaanbaatar
14200
Country : Mongolia
Telephone
: (976 11) 328 942 / 315 244
/ Mobile (976 88) 113 301 (Javkhlan Bold) / (976 88) 046 001 (Ms. Gerilbat) /
(976 88) 046 003 (Mr. Bayrbat) / (976 88) 046 002 / (976 91) 116 183
Fax : (976
11) 321 656
E-Mail : javkhlan.bo@mcs.mn
Also known as :
MCS Property XXK / M Si Es Properti XXK
Name Position
1. Davaa-Ochir
B. Managing Director
2. Javkhlan
Bold Head of Sales and
Marketing Department
Total Employees
: 500
(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 MEDIUM amounts, although it is normal accepted practice for international
suppliers to deal on secured terms with Mongolian importers.
Opinion on
maximum credit : TUGRIK 500,000,000 (higher amounts may be
considered with
group assurances)
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
The company also
has an account with :
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
Private companies
in Mongolia are not required to publish or disclose balance sheets. Balance
sheets are not available from other sources, and the subject interviewed
declined to give any financial information, which the company regards as
strictly confidential.
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 :
2006
History : The
subject company was established in Mongolia in 2006, however origins can be traced back to
1999.
C.R. No. :
9011012015
Tax No.: 5040159
Capital : not
given
Limited Liability
Company with the following sole shareholder:
MCS Holding
LLC
100%
Central Tower,
15th Floor
2 Sukhbaatar
Square, Sukhbataar District, SBD-8
P.O.Box No.:
210620A
Ulaanbaatar 14200
Telephone: (976
11) 312 625 ext. 1546 / 311 079 /
(976 77) 212 625
/ (976 99) 118 123 / (976 88) 800 666
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
Sole shareholder:
MCS (Mongolia) Limited
MCS (Mongolia)
Limited has the following shareholders :
Percentage
1. Odjargal
Jambaljamtsiin
49.84%
(Mongolian national / owns 49.84% through
Novel
Holdings Limited, which is wholly owned by
him)
2. Od
Jambaljamtsiin
28.69%
(brother of the above)
3. Enkh-Amgalan
Luvsantseren 3.19%
4. Undisclosed 7
individuals 18.28%
MCS Holding LLC,
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 bachelor˙s degree and from
Oxford School of
Foreign Service with a master˙s degree and had
served as a
diplomat for many years before joining the company.
Affiliated
companies of the subject company :
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
Est.: 18 May 2010
Registered address: Cricket Square,
Hutchins Drive,
Grand Cayman, KY1-1111, Cayman Islands P.O.
Box 2681
2. MCS (Mongolia) Limited
British Virgin Islands
3. MCS Group Limited
Offshore Incorporations Centre, P.O. Box
957
Road Town
Tortola
British Virgin Islands
Sole shareholder: MCS Holding LLC
(Liquidated in 2012)
4. MCS Mining Group Ltd
Central Tower, 15th & 16th
Floors
2 Sukhbaatar Square, 8 Khoroo, Sukhbaatar
District
Ulaanbaatar 210620A
Telephone: (976 11) 312 625
Fax
: (976 11) 312 625
C.R. No.: 26456309
Sole shareholder: MCS (Mongolia) Limited
Registered address: Offshore Incorporations
Centre,
Road Town, Tortola P.O. Box 957, British Virgin Islands
5. 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
6. 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
7. Spirt Bal Buram JSC
Mandal Sum
Selenge Aimag
Telephone: (976 11) 311 079
Fax
: (976 11) 312 175
E-mail
: eldevoch@mcs.mn
8. 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
9. MCS Properties Holding LLC
Central Tower, 14th Floor
2 Sukhbaatar Square, Sukhbataar District,
SBD-8
Ulaanbaatar 210620A
Telephone: (976 11) 328 942 / 315 244
Fax
: (976 11) 321 656
President: Od Jambaljamtsiin
Employees: 50
10. 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
11. 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
12. 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
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
LLC
Ulaanbaatar
Telephone: (976 11) 311 079
Fax
: (976 11) 312 175
Est.: 11 November 2011
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. Chinggiz Eco
Tour Co Ltd
MCS Plaza, 5th Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 99) 115 153
Fax
: (976 11) 312175
34. 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
35. 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
36. Glamour LLC
Ulaanbaatar
37. MCS Health
LLC
38. SBB Trade LC
39. MCS Armor LLC
40. MCS Metals
LLC
41. Enerko LLC
MCS Anun Center
Chinggis Avenue
Khan-Uul District, 3rd Khoroo
Ulaanbaatar 210136
Telephone: (976 11) 346 464
Fax
: (976 11) 346 262
42. 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)
43. Mongolian
Coal Corporation Limited
Three Pacific Place, Level 28
1 Queen’s Road East
Hong Kong
Capital : HK DLRS 1
44. Mongolian
Coal Corporation S.a.r.l.
Luxemburg
Capital : EURO 31,000
45. Baruun Naran
Limited
Gibraltar
46. Energy Resources
Corporation LLC
Mongolia
Capital : US DLRS 100,000
47. 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)
48.
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
49. 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)
50. Transgobi LLC
Mongolia
Capital : TUGRIK 9,122,641,836
51. Tavan Tolgoi
Airport LLC
Mongolia
Capital : TUGRIK 3,475,379,000
52. Energy
Resources Road LLC
Mongolia
Capital : TUGRIK 1,000,000
53. International
Medical Center LLC
Mongolia
54. International
Technical College LLC
Mongolia
55. Ukhaa Khudag
Water Supply LLC (frmly United Water LLC)
Mongolia
Est.: 24 June 2009
Capital : TUGRIK 1,000,000
56. United Power
LLC
Mongolia
Capital : TUGRIK 3,025,219,000
57. Gobi Road LLC
Mongolia
Capital : TUGRIK 1,000,000
58. Public
Service LLC
Mongolia
Capital : TUGRIK 20,000,000
59. 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 :
Building
contractors.
Subject also
engages in Engineering Procurement Construction Management (EPCM) services.
NACE Code : 4110
/ 6820 / 4120
Imports from
South Korea and China.
Subject does not
export, all sales are domestic.
The Company has
the following facilities :
Administrative
offices located at the heading address.
Completed
projects include:
- MCS Plaza
office building – 6400 sq.m.
- “Orchlon”
school and kindergarten building – 2400 sq.m.
- “Selbe”
residential complex
- “MCS Coca Cola”
factory building and expansion – 14000 sq.m.
- “MCS Tiger”
beer factory building and expansion – 5000 sq.m.
- “Grandkhaan
Irish pub” building
- “Goyo” cashmere
factory building – 7900 sq.m.
- “Anun”
furniture factory and store
- “Bella Vista”
luxury residential complex – 30600 sq.m.
- “Sky resort”
golf and skiing resort - 160 hectors
- “Central
Tower”-an A grade office building’s interior decoration
- “Energy
Resources”-site worker’s camp, office and factory
- “Leighton”
repair garage
- Cement factory
- Coal-breaker
laboratory, office
- “Tsetsii”
complex 96 apartment building in South Gobi province
- Groundwork for
10 million ton capacity coal-break factory
Current projects
include:
- 1614 apartments
“Viva City” residential area;
Website: www.vivacity.mn | www.shineger.mn
- 1008 apartments
in “Shine Ger Tsetsii” residential area
South Gobi
- “Shangri-la”
Five star hotel, part of an international luxury brand
International Medical Center building
- 109 luxury
apartments for the “Buddha Vista” residential complex
Website: www.buddhavista.mn
Interviewed:
Javkhlan Bold (Head of Sales and Marketing Department).
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.