MIRA INFORM REPORT

 

 

Report Date :

28.07.2014

 

IDENTIFICATION DETAILS

 

Name :

IT ZONE LLC

 

 

Formerly Known As :

MCS ELECTRONICS LLC

 

 

Registered Office :

Central Tower, 14th Floor Sukhbataar District, 2 Sukhbaatar Square, SBD-8 Ulaanbaatar 210620A

 

 

Country :

Mongolia

 

 

Date of Incorporation :

01.01.1997

 

 

Com. Reg. No.:

9011048067

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Importers and distributors of computers and peripherals

 

 

No. of Employees

220

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No complaints

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 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Mongolia

C1

C1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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

 

Company name

 

CO. NAME :      IT ZONE LLC (CORRECT)

                        T ZONE LLC (REQUESTED)

 

 

ADDRESS

 

Building :           Central Tower, 14th Floor

 

Area                 :           Sukhbataar District, 2 Sukhbaatar Square, SBD-8

 

Town     :           Ulaanbaatar 210620A

Country  :          Mongolia

 

Telephone:        (976 11) 323 705 ext. 55 (Logistics Manager) / 312 424 /

                         (976 77) 317 731 / Mobiles (976 88) 113 263 (Battulga

                                    Norolkhoojav) / (976 88) 115 657 (Sunduibaatar Nyam)

Fax      :                       (976 11) 312 699

E-Mail   :            battulga@itzone.mn / sunduikhuu.e@itzone.mn

Website  :         www.itzone.mn

 

Trading Style :               Mogul 

 

Also Known As :            IT Zone XXK / IT Zone / Ай Ти зон ХХК

 

Formerly Known As :      MCS Electronics LLC

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                                 Position

 

1. Battulga Norolkhoojav             Chief Executive Officer

 

2. Jargalsaikhan Baldorj              Chief Operating Officer   

 

3. Sunduikhuu Enkhbat            Financial Manager

 

4. Ajyaa Arweis                         Head of Sales Department

 

5. Amir Ulzit                                           Logistics Manager

 

6. Ms. Bera                               Accountant

 

Total Employees :          220

 

PAYMENTS

 

No complaints have been heard regarding payments from local suppliers

or banks.

 

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

 

 

PRINCIPAL BANKERS

 

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 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

 

 

FINANCIAL INFORMATION

 

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 31,000,000 - 2013 – exact *

                    : US DLRS 26,000,000 – 2014 – projected **

 

Net Profit          : but stated to be 6% of the sales turnover

 

* Decrease in sales turnover in 2013 is due to diversified policy of the company, to decrease distribution of computers and to increase IT solution services.

 

** Projected decrease in sales turnover in 2014 is due to unfavorable market conditions.

 

 

Financial year ends 31 December.

 

LEGAL STATUS AND HISTORY

 

Date Started : 1 January 1997

 

History : The subject company was established in Mongolia on 1 January 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

- Telemax Co Ltd.

 

At the end of 2010, subject's shareholding structure changed to the following :

 

 - 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

 

 - Undisclosed 5 private individuals                   3%

 

In 2013, subject's shareholding structure changed to the present and changed its name to the present style.

 

C.R. No. : 9011048067

 

Tax No. : 2113155

 

Authorised Capital : US DLRS 400,000

 

Paid up Capital : US DLRS 400,000

Limited Liability Company with the following director and shareholders :

 

Director

 

Battulga Norolkhoojav

(Mongolian national)

 

Shareholders

                                                             Percentage

 

1. Mongol Technology LLC                              70%

   Mongolia

 

2. Inter Group International LLC                      30%

   Mongolia

 

Affiliated companies of the IT Zone LLC :

 

Former 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

   Sukhbataar District, 2 Sukhbaatar Square, 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 Avenue 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

   Fax      : (976 70) 165 500

   E-Mail   : khandaa.ts@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 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) 312 175

   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

   Sukhbaatar Square 2, 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)

 

 

ACTIVITIES

 

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 (Computer Repair Service Centre).

 

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 Codes : 4651 / 2620 / 4741 / 9511

 

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.

 

 

FACILITIES

 

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 5 retail stores located throughout Mongolia (see 'Branch Offices' below).

 

Until early May 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

 

 

REGISTERED OFFICE

 

Central Tower, 14th Floor

2 Sukhbaatar Square, Sukhbataar District, SBD-8

Ulaanbaatar 210620A

 

BRANCH OFFICES

 

1. 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

 

2. Mogul Toov

   3rd Khooro

   Ulaanbataar

 

3. Enterprise Solution Centre

   Ulaanbataar

 

4. Technic Tuslalzu

   Ulaanbataar

 

5. Program Khangamjeen

   Ulaanbaatar

 

 

SPECIAL NOTES

 

You enquired on : T Zone LLC. Please note that subject's correct registered name is as per heading.

 

The address given by you : Sukhbaatar District 8 Great Chinggis Khaan's Square 2 Central Tower 14th Floor is misspelt. Please note that the correct spelling is as per heading.

 

Interviewed : Sunduikhuu Enkhbat (Financial Manager).

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.14

UK Pound

1

Rs.102.22

Euro

1

Rs.81.02

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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

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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%)

 

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.