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Report Date : |
28.05.2014 |
IDENTIFICATION DETAILS
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Name : |
MCS HOLDING LLC |
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Formerly Known As : |
M SI ES HOLDING XXK / MONGOLIAN CONSULTING HOLDING CO LTD |
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Registered Office : |
Central Tower, 15th Floor Seoul Street 4 2 Sukhbaatar Square,
Sukhbataar District, SBD-8 Ulaanbaatar
210620a |
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Country : |
Mongolia |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
1993 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject involves only in key decision making for each subsidiary such
as major capital expenditure or partnership selection and provides various
group-level services including finance, human resource, legal, insurance,
global marketing & media communications to its subsidiaries, while each
subsidiary’s day-to-day operation is managed by a management team experienced
in its own business independently from the MCS Holding’s management. |
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No. of Employees |
150 (subject) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but 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, 2014
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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-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 |
MCS HOLDING LLC (CORRECT)
MCS GROUP (REQUESTED)
Building : Central
Tower, 15th Floor
Street : Seoul Street 4
Area : 2 Sukhbaatar Square, Sukhbataar District, SBD-8
Town : Ulaanbaatar 210620a
Country : Mongolia
Telephone : (976 11) 312 625 ext. 1546 (Ms.
Tuksjargal) / 311 079 / (976 77) 212 625
/ Mobile (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 / gankhuyag@mcs.mn /
gantumur.l@mcs.net
website : www.mcs.mn
Trading Styles : MCS
Group
Also Known As : M SI ES
HOLDING XXK / MONGOLIAN CONSULTING HOLDING CO LTD
Name Position
1. Od Jambaljamtsiin
President
2. Odjargal Jambaljamtsiin
Chairman of the Board Director
3. A. Gankhuyag
Chief Executive Officer
4. L. Eldev-Ochir Vice
President
5. D. Enkhtsetseg (Ms)
Vice President
6. L. Myagmarjav
Vice president for Human
Resources
7. D. Bolormaa (Ms)
Vice President
8. G. Enkhtuvshin
Vice President
9. S. Esentsengel
Deputy Director
10.S. Tsengel
Deputy Director
11.N. Enkhbold
Deputy Director
12.Ms. Munkhtzul
Financial Manager
13.Ms. Aruinbol
Accountant
Total Employees : 150 (subject)
8,000 plus (group)
No complaints have been heard regarding payments from local suppliers or
banks.
Subject is a flagship of the MCS Group of Companies - one of the
largest private sector entities in terms of number of employees in
Mongolia 8,103 full-time direct staff 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 of $US 250 million
in 2008.
We consider it is acceptable to deal with subject for LARGE amounts,
however in view of the lack of financial information we recommend international
suppliers exercise a degree of caution. Although it is normal accepted practice
for international suppliers
to deal on secured terms with Mongolian importers.
Trade risk assessment : Normal
In 2013 (mcs.mn) : MCS Group started out as a consultant in the business
sector during Mongolia’s transition to a market economy when private companies,
manufacturers and financing were scarce. The company raised working capital and
was up and running in a considerably short period of time thanks to its
founders’ hard work and dedication. As the country’s economy recovered and the
private sector improved, we ventured into the retail, service and manufacturing
industries.
During the transition period – characterized by economic recession and
scarcity – even the government faced a high budget deficit and lack of finance
to invest in infrastructure projects. Investment in the infrastructure and
energy sectors became vital to overcome the shortages of electricity, food and
retail products. The financing for these projects came mostly from
international organizations, foreign aid and low-interest foreign loans. MCS
bid for the tenders announced by international organizations and we put
together teams of Mongolian engineers and technical experts who both competed
against, and collaborated with, experienced international companies on energy
and engineering projects. We worked on every stage of these projects from
planning to handing over the keys to the client. Through this, we gained
valuable experience, knowledge and skills in project management.
By the early 2000s, MCS had entered the next phase of its growth with
more than a thousand young engineers, technical staff and human resources, and
numerous large national projects on our resume. We became recognized as one of
the top private sector companies and a trusted partner to international and
domestic companies.
As the group became known to international organizations and built a
good reputation locally and internationally, our corporate credit rating
improved and we were able to get larger loans from international organizations
at lower rates for increased periods of time. This enabled us to invest in key
development projects across the country.
When deciding which projects to implement, MCS Group focuses on
environmentally-friendly and socially-beneficial projects that will contribute
the most to the country’s development. It is our policy to include as many
local businesses and companies in our projects, so as to create more
sustainable local jobs, develop professional skills and expertise and improve
the living standards of people through job creation. Profit is not our sole
priority and we are willing to take risks and extend our loan repayment periods
for the social good. We will continue this approach in our business.
The main emphasis of MCS Group’s business policy focuses on combining
both business and social interests. Our latest project, Ukhaa Khudag mining
complex, consisting of a power plant, coal washing plant, water supply system,
airport, industrial road, and heavy equipment maintenance and repair centre,
includes social infrastructure with a 650-unit apartment district, a
kindergarten and school which meet international standards, a dormitory and a
workers’ camp. This project is set to contribute significantly to regional
economic growth and social development.
MCS Group prides itself on introducing innovative solutions in the
sectors in which it invests. Each of these investments and development projects
is built on the hard work, skills, expertise and knowledge of Mongolians.
MONGOLIAN MCS HOLDING TO ACQUIRE MINING OPERATIONS.
According to press release dated of 21 July 2008 Kerry Holdings Ltd and
MCS Holding LLC plan to acquire QGX Ltd, a miner operations in
Mongolia, in an offer valued at $259 million.
Shareholders of QGX representing approximately 42 per cent of the firm have
agreed to tender to the $5-per-share cash offer. The board of directors of QGX
has also unanimously recommended the deal, which
includes a $9.1 million break fee and is expected to close in September.
QGX's two most advanced properties are the Baruun Naran and the Golden
Hills projects in Mongolia. Barrick Gold Corp. (TSX:ABX) holds a nine per cent
stake in the company, which is based in Waterdown, Ont.
Shares in QGX, which had been halted pending news, rose 38 cents or more
than eight per cent on the TSX to $4.88, with 2.5 million changing hands.
NAME : TRADE AND DEVELOPMENT BANK OF MONGOLIA
Branch : Juulnchny Gudamj 7
Town : Ulaanbaatar 210646
Telephone : (976 11) 312
362 / 331 133
Fax : (976 11) 325 449
Group members have
accounts with the following banks :
1. Golomt Bank of Mongolia
Main Branch
Bodi Tower, Sukhbaatar Square
Ulaanbaatar
Telephone: (976 11) 311 530
Fax : (976 11) 312 307
2. Khan Bank of Mongolia
Peace Avenue
P.O Box-185
Ulaanbaatar
Telephone: (976 11) 457 880
Fax : (976 11) 457 880
3. Khas Bank
Sukhbaatar district
Ulaanbaatar 14200
Telephone: (976 11) 318 185
Fax : (976 11) 328 701
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.
The following financial information is the latest available on the
subject :
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% of the sales
Financial year ends 31 December.
The following financial information applies to MCS Electronics Co Ltd:
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.
Consolidated Balance Sheets applies to Mongolian Mining Corporation LLC
as at 31 December 2013 are as follows :
31/12/2013 31/12/2012
31/12/2011
(in
thousands HKD)
ASSETS
Current Assets
Cash And Cash Equivalents 77,000 284,000 228,000
Net Receivables 145,000 131,000 92,000
Inventory 106,000 90,000 58,000
Other Current Assets 58,000 12,000 -
Total Current Assets 449,000 583,000 395,000
Long Term Investments 2,000 4,000 4,000
Deferred Long Term Asset Charges 22,000 19,000 10,000
Total Assets 1,899,000 2,177,000 1,628,000
LIABILITES & EQUITY
Liabilities
Current Liabilities
Accounts Payable 93,000 46,000 19,000
Short/Current Long Term Debt 991,000 1,114,000 562,000
Other Current Liabilities 72,000 81,000 94,000
Total Current Liabilities 433,000 418,000 554,000
Long Term Debt 744,000 842,000 145,000
Total Liabilities 1,338,000 1,425,000 859,000
Common Stock 646,000 646,000 646,000
Retained Earnings 120,000 177,000 180,000
Treasury Stock (205,000) (71,000) (57,000)
INCOME STATEMENT
Total Revenue 437,000 474,000 543,000
Cost of Revenue 335,000 386,000 288,000
Gross Profit 102,000 89,000 254,000
Total Operating Expenses 414,000 463,000 397,000
Operating Income or Loss 23,000 11,000 146,000
Earnings Before Interest & Taxes 23,000 11,000 146,000
Interest Expense (61,000) (49,000) (13,000)
Income Tax Expense 3,000 3,000 36,000
Net Income From Continuing Ops (58,000) (3,000) 119,000
Net Income (58,000) (3,000) 119,000
Financial year ends 31 December.
Date Started : 1993
History : The
Company was established in Mongolia in 1993.
Tax No.: 2628236
Authorised Capital : US DLRS
30,000,000
Paid up Capital : US
DLRS 30,000,000
Limited Liability
Company with the following sole shareholder :
MCS (Mongolia) Limited 100.00%
British Virgin Islands
MCS (Mongolia)
Limited has the following shareholders :
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 8,103 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.
Personal Profile
on 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 MCS Holding LLC :
Subsidiaries & 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 Property LLC
Central Tower, 14th
Floor
2
Sukhbaatar Square, Sukhbataar District, SBD-8
P.O. Box No.: 210620A
Ulaanbaatar 14200
Telephone: (976 11) 328 942 /
315 244 / (976 88) 113 301 / (976
88) 046 001 / (976
88) 046 003
Fax : (976 11) 321 656
E-Mail : javkhlan.bo@mcs.mn
Employees : 500
Est.: 2006
C.R. No. : 9011012015
Tax No.: 5040159
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)
60.MCS Electronics Co Ltd
Central Tower, 14th
Floor
2 Sukhbaatar
Square, Sukhbataar District, SBD-8
Ulaanbaatar 210620A
Telephone: (976 11) 323 705
est. 55 / 312 424 / (976 88) 113 263
/ (976 88) 114 485 /
(976 88) 115 657
Fax : (976 11) 312 699
E-Mail : battulga@mcs.mn / electronics@mcs.mn
Website : www.electronics.mcs.mn
Employees : 250
Est.: 2 October 1997
C.R. No. : 2113155
Capital : US DLRS 400,000
The Company is
involved in the following activities :
Holding and management company for a group of companies.
Subject involves only in key decision making for each subsidiary such as
major capital expenditure or partnership selection and provides various
group-level services including finance, human resource, legal, insurance,
global marketing & media communications to its subsidiaries, while each
subsidiary’s day-to-day operation is managed
by a management team experienced in its own business independently from
the MCS Holding’s management.
Subject's
subsidiaries operating in 6 different business sectors includes :
- Mining and mineral exploration;
- Property development and management;
- Engineering and infrastructure development;
- Information and communication technology;
- Consumer goods production and distribution;
- Services.
Subject’s main
completed projects are as follows :
- Buddha Vista Apartment and Shopping Complex;
- Intermed Hospital;
- Viva City Apartment District;
- Shangri-La Ulaanbaatar Hotel;
- Mandalgovi-TavanTolgoi-Oyutolgoi 220kV Transmission Line
- Roads :
Date of Completion October 2011
Project specs 245km industrial
paved road suitable for
transportation trucks weighing up to 100
tons Investment amount MNT 160
billion;
- Coal Handling & Processing Plant :
Date of Completion 1st module -
June 2011
2nd module -
February 2012
3rd module - June 2013
Project specs A capacity to wash
and process 15 million tons of coal per annum Investment amount MNT 450
billion.
NACE Code : 6420
Subject's subsidiaries import & export worldwide.
The Company has the
following facilities :
Owned administrative offices located at the heading address as well as a
representative office located in Beijing, China (see ‘Branch Office’ below).
Subject formerly
used the following contact details:
Mobile : (976 99) 118 123 (Gahtumur Lingov)
E-Mail : gantumur.l@mcs.net
Until 2009 subject
was located at :
MCS Plaza
Seoul Street 4
Sukhbataar District
Ulaanbaatar 210644
Representative Office
Beijing Sun Joe Mansion
6 Ritan Rd, Jiang Gou Avenue
Beijing
China
Telephone: (86 10) 6595 8009
Fax : (86 10) 6506 6311
You enquired on : MCS GROUP. Please note that this name applies to
subject's trading style. Subject's correct registered name is as per heading.
Interviewed : Subject’s employees.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.06 |
|
UK Pound |
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.80.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared by
: |
SDA |
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.