|
Report Date : |
18.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
TOB GROUP LLC |
|
|
|
|
Registered Office : |
Bridge Plaza Center, Office No. 504 The Peace Avenue Bayanzurkh District,
14th Subdistrict P.O. Box No.: 518 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
05.03.1997 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Trading as importers of building materials & equipment as well as agricultural products. |
|
|
|
|
No. of Employees |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Mongolia |
C1 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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-gold deposits. Mongolia's ongoing dispute with a foreign investor over Oyu Tolgoi, however, has called into question the attractiveness of Mongolia as a destination for foreign direct investment. Negotiations to develop the massive Tavan Tolgoi coal field also have stalled. The economy has grown more than 10% per year since 2010, 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 and monetary policies, which are contributing to high inflation, and from 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 and is Mongolia's largest supplier. Mongolia has relied on Russia for energy supplies, leaving it vulnerable to price increases; in the first 11 months of 2013, Mongolia purchased 76% of its gasoline and diesel fuel and a substantial amount of electric power from Russia. A drop in foreign direct investment and a decrease in Chinese demand for Mongolia's mineral exports are putting pressure on Mongolia's balance of payments. Remittances from Mongolians working abroad, particularly in South Korea, are significant
|
Source
: CIA |
CO. NAME : TOB
GROUP LLC (Correct)
TOB
GROUP (Requested)
Street : Bridge Plaza Center, Office No. 504
Street : The Peace Avenue
Area : Bayanzurkh District, 14th Subdistrict
P.O. Box No.: 518
Town : Ulaanbaatar 51
Country : Mongolia
Telephone : (976 70) 152 759 (unobtainable) / Mobile (976 91) 912
759 (unobtainable)
Fax : (976 70) 152 759 (unobtainable)
E-Mail : tob@mail.mn / orgilon@yahoo.com
Website : www.tob.mn
Shortform Name : GPIA
Also Known As : Tob Group / Tob Group XXK
Name
Position
1. B. Mendbayar Managing Director
2. Mr. Orgilon Manager
No trade experience of payments is available.
Our sources could not contact the company and obtain a direct
interview. The telephone number which you provided : (976 70) 152 759 is unobtainable. Our show the following mobile and fax numbers listed for the subject respectively : (976 91) 912 759 & (976 70) 152 759 which are unobtainable as well as several e-mail messages have been sent requesting a contact, however no reply have been received. No other telephone or fax numbers are listed for the subject at the local telephone directory.
Information in this report was obtained from the third party sources only.
Trade risk assessment : No classification (see above comments).
Details of subject's bankers have not been learnt.
Balance sheets are not available. Financial information could not be obtained from other sources.
Date Started : 5 March 1997
History : Subject was established in Ulaanbaatar on 5 March 1997.
Tax No.: 2108402 (issue date : 06/03/2008)
Capital : not given
Limited Liability Company with the following shareholders :
1. B. Mendbayar
(Mongolian national)
2. Undisclosed members.
The Company is involved in the following activities :
Registered activity : Trading as importers of building materials & equipment as well as agricultural products.
NACE Code : 4613
Details of subject’s imports and exports could not be learnt.
The Company has the following facilities :
Premises comprising office located at the heading address.
You enquired on : TOB GROUP. Please note that subject is also known by this name. Subject's correct registered name is as per heading.
The address given by you : Room 504, Bridge Plaza Center 14rd Subdistrict Bayanzurkh District The Peace Avenue is could not be identified. Please note that subject’s correct registered address is as per heading.
Interviewed : Third Party Sources.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.06 |
|
|
1 |
Rs.101.84 |
|
Euro |
1 |
Rs.81.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIS |
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.