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Report Date : |
12.11.2014 |
IDENTIFICATION DETAILS
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Name : |
MONOS PHARMA TRADE LLC |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
13.03.2002 |
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Com. Reg. No.: |
9011022059 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as importers, wholesalers and retailers of medicines, medical devices, medical equipment, vaccines, bio preparations, cosmetics, diagnostic materials, patient care products, child and maternity care items and biologically active additional nutrition. |
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No. of Employees : |
280 (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 : |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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C1 |
B2 |
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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 |
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Source
: CIA |
MONOS PHARMA TRADE LLC (CORRECT)
OOO "MONOSFARM TRADE" (Requested)
Building : Monos Pharma Building
Street : Namyanju Street
Area : 18th Khroo, Bayanzurkh District
Town : Ulaanbaatar 210348
Country: Mongolia
Telephone: (976 11) 450 054 ext. 111 (Legal Advisor) / 450 127 / 453
954 / Mobiles (976 99) 090 832 (Ariunzaya Choij) / (976
88) 106 431 (Tamir Bayasgalan) / (976 96) 657 181 / (976
99) 116 431 / (976 88) 090 088 / (976 99) 175 223
Fax : (976 11) 463 158
E-Mail : monostrade@mongol.net / ariunzaya.choij@monos.mn /
monostrade@monos.mn / tamir@monos.mn
Website : www.monos.mn
Also Known As : Monos Pharm Trade LLC / MonosFarm Treyd OOO /
Monosfarm Treyd XXK / OOO "Monosfarm Trade"
Name Position
1. Khurelbaatar Lupsan Chairman
2. Ariunzaya Choij Senior Manager of Pharmaceutical
Product Division
3. Tamir Bayasgalan Foreign Affairs Business Trade &
Development
4. Bayanmunkh Ganpurev Vice Director
5. Uyanga Bandii Group Administrative Manager
6. Tuya Baasanjav Chief Accountant
7. Mrs Enkhtuya Legal Advisor
8. Ms M. Baterdene Senior Manager
9. Ms Lkhagvajav Batzorig Procurement Officer
Total Employees : 280 (subject)
1,300 plus (group)
No complaints have been heard regarding payments from local suppliers or banks.
Subject is a member of the Monos Group of companies was established in 1990. Monos Group has 16 years history and 10 affiliated companies, cooperates with 50 companies from 30 countries in the worldwide. Monos Group have more than 1,300 workers.
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.
Trade risk assessment : Normal
NAME : ACTAVIS INTERNATIONAL LIMITED
Street : Industrial Estate B, 16
Town : Zejtun
Country : Malta
Email : gtenchov@actavis.bg
Contact : GeorgyTenchov, Regional Manager
NAME : KRKA
Street : Smarjeska c.6
Town : Novo mesto
Country : Slovenija
Telephone: (386 1) 475 1261
Email : gorazd.strajnar@krka.biz
Contact : Mr.Gorazd Strajnar, Deputy Director
NAME : DENK PHARMA GMBH & CO. KG
Street : Prinzregentenstr.79
Town : Muenchen 81675
Country : Slovenija
Telephone: (49 894) 574 7260
Email : Alexander.Lenk@denkpharma.de
Contact : Mr. Alexander Lenk, Export Manager
NAME : BAYER SCHERING PHARMA AG
Town : Berlin 13342
Country : Germany
Telephone : (7 727) 258 8040 (int. 139)
Email : maya.dumanova@bayerhealthcare.com
Contact : Ms.Maya Dumanova. Logistics specialist for Central Asia
NAME : SANOFI WINTHROP INDUSTRIE
Street : Avenue Raspail 82
Town : Gentilly 94250
Region : Cedex
Country : France
Email : varvara.berseneva@sanofi-aventis.com
Contact : Ms. VarvaraBerseneva, Customer Service Manager
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
Acc. No. : 453000729 (EUR)
Acc. No. : 453008016 (USD)
SWIFT : TDBM MN UB
The company also has an account with the following banks :
1. Golomt Bank of Mongolia
Sukhbaatar Square 3
PO Box 22
Ulaanbaatar 210620A
Telephone: (976 11) 311 530
Fax : (976 11) 326 535
2. Khan Bank
Seoul Street 25
Sukhbaatar District
Ulaanbaatar
Telephone: (976 11) 332 333
Fax : (976 70) 117 023
3. Khas Bank
Sukhbaatar district
Ulaanbaatar 14200
Telephone: (976 11) 318 185
Fax : (976 11) 328 701
4. Zoos Bank
Baga Toiruu Street 7/1
Chingeltei District
Ulaanbaatar 210644
Telephone: (976 11) 322 244
Fax : (976 11) 329 537
Ernst & Young Mongolia Audit LLC
Suite 401
4th Floor Bodi Tower
Sukhbaatar Square
Ulanbaatar, Mongolia
Telephone: (976 11) 314 032 / 312 005
Fax : (976 11) 312 042
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 16,835,025 - 2009 - exact
: US DLRS 16,431,383 - 2010 - exact
: US DLRS 19,430,000 - 2011 - exact
: US DLRS 35,000,000 - 2012 – exact *
: US DLRS 40,000,000 - 2013 – exact *
: US DLRS 45,000,000 - 2014 – projected ***
Net Profit : US DLRS 3,125,960 - 2009 - exact
: US DLRS 2,387,019 - 2010 - exact
: not given - 2011
: US DLRS 3,500,000 - 2012 - exact
: US DLRS 2,000,000 - 2013 - exact **
: US DLRS 2,225,000 - 2014 - projected
* Sharp increase in sales turnover in 2012 & 2013 was attributed to favourable market conditions.
** Decrease in net profit in 2013 was due to unfavourable market conditions.
*** Projected increase in sales turnover in 2014 is due to favorable market conditions.
Financial year ends 31 December.
Balance Sheets as at 31/12/2009 (latest available) showed :
31/12/2007 31/12/2008 31/12/2009
(in thousands of TUGRIK)
ASSETS
NON CURRENT ASSETS
Property.plant
and equipment 2,864,079.0 4,830,912.1
4,939,073.3
Intangible
assets 19,675.0 12,812.7 600.0
Investment
in subsidiary - -
Subtotal
non-current assets 2,883,754.0 4,843,724.8
4,939,673.3
CURRENT ASSETS
Inventories 4,272,326.0 6,398,286.1
6,335,707.8
Trade
receivables 1,955,447.0 3,125,960.9
2,211,005.6
Other
receivables, prepayments1,928,742.0
1,423,009.4 1,158,985.6
Amounts
due from related 1,556,927.0 814,082.5
1,540,253.8
companies
Cash
and bank balances 995,687.0 229,963.4 245,757.6
Subtotal
current assets 10,709,129.0 11,991,302.3
11,491,710.5
TOTAL
ASSETS 13,592,883.0 16,835,027.1
16,431,383.8
LIABILITIES & EQUITY
EQUITY
Share
capital 587,930.0 587,930.4 587,930.4
Revaluation
reserve - 1,938,216.6 1,967,450.4
Retained
earnings 5,312,479.0 5,407,985.5
5,769,287.0
Subtotal
equity 5,900,409.0 7,934,132.5
8,324,667.8
LONG-TERM DEBT - -
CURRENT LIABILITIES
Interest
bearing loans 3,164,892.0 6,147,679.1
5,212,500.0
and
borrowings
Trade
payables 1,441,077.0 1,692,263.2
2,387,019.7
Other
payables 2,438,821.0 240,398.4 471,651.8
Amounts
due to related 647,418.0 754,453.2 23,642.5
companies
Tax
payable 266.0 66,100.7 11,902.0
Subtotal
current liabilities 7,692,474.0 8,900,894.6
8,106,716.0
TOTАL
LIABILITIES & EQUITY 13,592,883.0
16,835,027.1 16,431,383.8
Financial year ends 31 December.
Profit and loss account as at 31 December 2008 * :
2008 2007
(in thousands of TUGRIK)
Revenue
24,097,459 18,887,148
Cost
of sales
18,394,291 14,176,981
Gross
profit
5,703,168 4,710,167
Administrative
expenses
3,456,511 2,001,031
Other
expenses
854,252 480,837
Other
income
1,288,860 142,842
Finance
cost 699,658 314,271
Profit
before taxation
1,981,608 2,056,870
Taxation
290,459 235,114
Net profit for the year 1,691,608 1,821,756
Financial year ends 31 December.
* Full 2009, 2010, 2011 and 2012 financial results have not been made available to our sources.
Date Started : 13 March 2002
History : The Subject was established in Ulaanbaatar on 13 March 2002, however origins of its business activities can be traced back to 1990.
C.R. No.: 9011022059
Tax No.: 2670712 (issue date : 15 April 2002)
Authorised Capital : TUGRIK 587,930,000
Paid-Up Capital : TUGRIK 587,930,000
Limited Liability Company with the following director and shareholders :
Director
Khurelbaatar Lupsan
Shareholders
Percentage
1. Khurelbaatar Lupsan 47%
(Mongolian national)
2. Ms Erdenechimeg Lupsan 33%
(Mongolian national)
3. Solongo Khurelbator 20%
(Mongolian national)
Affiliated companies of Monos Pharma Trade LLC :
Subject is a subsidiary of Monos Group, Mongolia, headed by :
Monos Group LLC
Monos Group LLC Building
Choimbol Street
Chingeltei District
Telephone: (976 11) 315 908
Fax : (976 11) 320 967
e-Mail: info@monos.mn
Website: www.monos.mn
Which also includes the following companies :
1. Monos Household Co. Ltd
Chingunjav Street 71/3
Bayangol District
Ulaanbaatar
Telephone: (976 11) 326 089
Fax : (976 11) 326 089
2. Monos Cosmetics Co., Ltd
Sonsgolon Toiruu 5
Songinokhairkhan District 20
Ulaanbaatar 211137
Telephone: (976 11) 633 257
Fax : (976 11) 633 257
E-mail : info@monoscosmetics.mn / cosmetics@monos.mn
Website : www.monoscosmetics.mn
3. Monos-ABC Co., Ltd
Kharaa Hotel
Chingeltei District 2
Ulaanbaatar
Telephone: (976 11) 311 336
Fax : (976 11) 311 336
E-mail : Monosabc@mongol.net
4. Monos Research Center
Sonsgolon Toiruu 5
Songinokhairkhan District 20
Telephone: (976 11) 633 107
Fax : (976 11) 633 117
E-mail : monospharma@mongol.net
5. Computer Tomography
Bayangol District
P.O.B 26
Ulaanbaatar
Telephone: (976) 9979 8990
E-mail : monospharma@mongol.net
6. Monos pharma Co., Ltd
Sonsgolon Toiruu 5
Songinokhairkhan District 20
Telephone: (976 11) 633 107
Fax : (976 11) 633 117
E-mail : monospharma@mongol.net / pharma@monos.mn
Tax No.: 99771185
7. Monos Ulaanbaatar Co., Ltd
Chingeltei District 2
Ulaanbaatar 210526
Telephone: (976 11) 315 908
Fax : (976 11) 315 908
E-mail : monostrade@mongol.net
8. Monos San Co., Ltd
Chingunjav Street 9
2th Khoroo
Bayangol District
Ulaanbaatar 210526
Telephone: (976 11) 361 419 / 305 390
Fax : (976 11) 361 419
E-mail : monostrade@mongol.net
9. Monos University
Sonsgolon Toiruu 5
Songinokhairkhan District 20
Ulaanbaatar 211137
Telephone: (976 11) 633 235
Fax : (976 11) 633 235
10.Magic of Health Magazine
Chingeltei District 2
Ulaanbaatar 210526
Telephone: (976 11) 322 996
Fax : (976 11) 325 639
E-mail : monostrade@mongol.net / uvdis@yahoo.com
The Company is involved in the following activities :
Trading as importers, wholesalers and retailers of medicines, medical devices, medical equipment, vaccines, bio preparations, cosmetics, diagnostic materials, patient care products, child and maternity care items and biologically active additional nutrition.
Subject distributes through the 5 wholesale centres in Ulaanbaatar and 21 local branches in countryside and supplies 40% of Mongolian pharmaceutical market.
The company acts as an official distributor of following domestic and foreign companies :
- Schering;
- Denkpharma;
- Berlin-Chemie;
- RotexMedica;
- Falkpharma (Germany);
- Sanofi-aventis;
- Bio-Rad (France);
- Sopharma;
- Kendy (Bulgaria);
- Gedeon Richter (Hungary);
- KRKA (Slovenia);
- Terapia (Romania);
- Bayer Schering Pharma AG;
- DENK PHARMA GmbH & Co. KG;
- Ferein-Brinsalov;
- Otechestvennie Lekarstva;
- Irbitskii HFK;
- Endopharma;
- Altaivitaminy (Russia);
- Jelfa (Poland);
- Medochemie (Cyprus);
- Chiron-Vaccines (Italy);
- Himedia (India);
- Brystol Myers Squibb (USA);
- ICN (Switzerland);
- Hospital & Home Care;
- Meheco Jiangsu Medicines;
- Health Products (China).
NACE Codes : 4646 / 4645
Imports from Russia, USA, Germany, Netherlands, Switzerland, Poland, Slovenia, Bulgaria, Hungary, France, India, South Korea, China, Japan, Vietnam, Austria, Thailand and Malaysia.
Subject does not export, all sales are domestic.
The Company has the following facilities :
Owned premises comprising administrative offices, a retail outlet and storage facilities located at the heading address as well as 3 warehouse facilities including logistic centre located at in Mongolia as well as 21
local branches in countryside (see ‘Branch Office’ below).
Chingunjav Street 71/3
Ulaanbaatar 210526
Warehouse Unit
37 Sonsgolon Toituu 20th Khoroo
Songinokhairkhan District 62
Ulaanbaatar 211137
You enquired on : “OOO "MONOSFARM TRADE"”. Please note that subject is also known by this name. Subject's correct registered name is as per heading.
The address given by you : 71/3 / city Ulan-Bator, Chingunjava street applies to the subject’s registered address. Please note that the correct administrative office address is as per heading.
The city name given by you : Ulan-Bator is misspelt. Please note that the correct spelling is as per heading.
Interviewed : Tamir Bayasgalan (Foreign Affairs Business Trade & Development).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.55 |
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1 |
Rs.97.53 |
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Euro |
1 |
Rs.76.48 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
SNT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.