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Report Date : |
01.10.2014 |
IDENTIFICATION DETAILS
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Name : |
MINISTRY OF ROAD TRANSPORTATION & CONSTRUCTION OF |
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Formerly Known As : |
MINISTRY OF ROAD, CONSTRUCTION AND
TOURISM OF |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01.12.2004 |
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Legal Form : |
Not Available |
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Line of Business : |
Subject is responsible for the
provision road, transport, urban development regulations and construction
activities |
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No. of Employees : |
72 |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Mongolia |
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 |
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 : MINISTRY
OF ROAD TRANSPORTATION & CONSTRUCTION OF MONGOLIA (CORRECT)
MINISTRY
OF ROAD TRANSPORTATION CONSTRUCTION AND URBAN DEVELOPMENT OF MONGOLIA (Requested)
Building :
Government Building-12
Street
: Chinggis Avenue 11
Area
: Sukhbaatar District
Town
: Ulaanbaatar 14251
Country
: Mongolia
Telephone: (976 11) 6226 3178 / 6226 3166 / Mobile (976 93) 096 035
(Buuvei Nyamdava)
Fax
: (976 11) 312 315
E-Mail
: bulganerdene@mrt.gov.mn
/ altanshagai@mrt.gov.mn /
nyamdavaa@mrt.gov.mn /
info@mrt.gov.mn
Website : www.mrt.gov.mn
Shortform Name : MRT
Formerly Known As : Ministry
of Road Transportation Construction and
Urban Development of Mongolia / Ministry of
Road, Construction and Tourism of Mongolia
Name Position
1. Amarjargal Gansukh Minister of Road and
Transportation of
Mongolia
2. Khabshine Erjaan Deputy Minister of Road
Transport
3. Buuvei
Nyamdavaa Director of Foreign
Relations
Department
Total Employees : 70 plus
No complaints have been heard regarding
payments from local suppliers
or banks.
Subject is a Ministry of Road,
Transportation & Construction of Mongolia.
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 : Fairly low
MINISTRY OF ROADS, TRANSPORTATION, CONSTRUCTION AND
URBAN DEVELOPMENT DIVIDED
In September 2014, As per the subject interviewed,
Ministry Of Roads, Transportation, Construction And Urban Development divided
after election 2012, to become two ministries : Ministry of Roads,
Transportation headed by Mr. Amarjargal Gansukh
and Ministry of Construction And Urban Development headed by Mr. Bayarsaikhan
Tsevelmaa.
OVERVIEW OF PUTIN’S VISIT
In September 2014 (mad-intelligence.com):
After their one-on-one meeting, Mongolian President
Ts.Elbegdorj and Russian President Vladimir Vladimirovich Putin attended a
signing ceremony for documents on bilateral relations and cooperation.
The following documents were signed between the
governments of the two countries:
1. Intergovernmental agreement on visa-free travel for
the citizens of the two countries.
2. Intergovernmental agreement on deporting illegal
immigrants.
3. Intergovernmental agreement on protection against
forest fire.
4. Memorandum of understanding on cooperation in civic
aviation between the Ministry of Roads and Transportation of Mongolia and
Ministry of Transport of the Russian Federation
5. Agreement on renewing Ulaanbaatar Railway JSC and
the development of a strategic partnership between the Ministry of Roads and
Transportation of Mongolia and Russian Railway Community of Russia.
6. Agreement on developing partnership between the
Ministry of Justice of Mongolia and Ministry of Justice of the Russian
Federation.
7. Memorandum of understanding between the Ministry of
Construction and Urban Development of Mongolia and Ministry of Construction
Industry, Housing and Utilities Sector of the Russian Federation.
8. Memorandum of understanding on developing
Mongolia-Russia economic partnership between the Ministry of Economic
Development of Mongolia and Ministry of Economic Development of the Russian
Federation.
9. Agreement between the Ministry of Education and
Science of Mongolia and Russian oil company Rosneft OAO.
10. Protocol on extending the intergovernmental
agreement on Russia’s military and technical assistance to Mongolia.
11. Memorandum of understanding on technical
cooperation between the Ministry of Finance of Mongolia and Russian Federal
Property Fund.
12. Memorandum of understanding between the Mongolian
Immigration Agency and Federal Migration Service of the Russian Federation.
13. Memorandum of understanding between MNB National
Public Radio and Television of Mongolia and the international new agency Russia
Today.
14. Memorandum of understanding between MIAT Mongolian
Airlines and Aeroflot Russian Airlines.
Nine of twenty-four Russian Ministers and Russian
business leaders accompanied Vladimir Putin and signed these and other major
documents: Minister of Foreign Affairs S.Lavrov; Deputy Minister Yu.Petrovich;
Minister of Far East Development A.S.Galushka; Minister of Mineral and Ecology
S.Ye.Donskoy; Minister of Justice Konovakov; Minister of Construction, Housing
and Utilities Mikhail Men; Minister of Energy A.V.Novak; Minister of Regional
Development Igor Slyunyayev; Minister of Transport Maksim Sokolov; Deputy
Minister of Defense Arkady Bakhin; and representatives of Rosneft, Rostech,
Russian Railway, Aeroflot and Russian Direct Investment Fund.
President Putin signed the honorary guestbook and took
a photo with President Ts.Elbegdorj.
Towards the end of the day, Putin laid a wreath on the
monument to the four-time Hero of the Soviet Union, Hero of Mongolia, Marshal
Georgy Konstantinovich Zhukov and visited G.K.Zhukov’s museum. The Mongolian
Military Song and Dance Academic Ensemble performed.
President of the Russian Federation Vladimir Putin
left Mongolia on a chartered flight from Chinggis Khaan International Airport
at 8:00 p.m. Prime Minister N.Altankhuyag, Minister of Foreign Affairs L.Bold
and other officials were present to see off the honored guests at the airport.
President Elbegdorj emphasized that the one-day
working visit of President Putin gave great impetus to the development of
bilateral relations between the two countries.
The Russian President invited President Ts.Elbegdorj
to a pay a visit to the Russian Federation. President Ts.Elbegdorj officially
responded to the invitation, and said that he will visit Russia in May 2015,
for the 70th anniversary of Russia’s Victory Day, celebrating the Russian
victory over Nazi Germany and the end of WWII.
MONGOLIA AND JAPAN TO BOLSTER PARTNERSHIPS IN
TRANSPORTATION AND CONSTRUCTION SECTORS
In 2014 (infomongolia.com): Following the meetings
with Mongolian Minister of Roads and Transportation, and Minister of
Construction and Urban Development, Japanese Minister of Land, Infrastructure,
Transport and Tourism Mr. Akihiro Ota was received by the Prime
Minister of Mongolia Mr. Norov ALTANKHUYAG on April
28, 2014.
During the meeting, Prime Minister appreciated
Japanese side for establishing Memorandums of Understanding and underlined one
of the Mongolia’s priority foreign policies is to develop relations and
partnerships with Japan. Premier N.Altankhuyag expressed his satisfaction with
strengthening and forwarding collaboration between the two countries in terms
of strategic partnership. The reciprocal visits at Prime Minister-level have
strengthened the ties, where Mongolia-Japan strategic partnership mid-term
program has also provided to boost mutual beneficial cooperation in political,
cultural, educational and economical relations, said Premier.
In addition, Mongolia to participate in the ITB Berlin
2015 as a partner country to take place in Germany in March 2015 and we are
working to develop Mongolia’s tourism by promoting its sector and aiming to
increase the number of tourists to visit our country. In the frameworks, we are
focusing on Mongolia’s infrastructure enhancement, underlined Premier
N.Altankhuyag.
MINISTRY OF ROADS, TRANSPORTATION, CONSTRUCTION AND
URBAN DEVELOPMENT RECEIVES NEW LAND TRACKING SYSTEMS
On 2 December 2010 (mongolia.usembassy.gov): The
Ministry of Roads, Transportation, Construction and Urban Development received
six sets of stationery and mobile GPS systems called Continually Operating
Reference Systems, from the Millennium Challenge Account-Mongolia’s Property
Rights Project. International Land System Ltd, a US based company, which is a
contractor of the Property Rights Project, was responsible for purchasing and
setting up the 6 stationery Continually Operating Reference Systems and 16
units of GPS equipments worth a total of 1 billion tugriks. Four systems were
installed in Ulaanbaatar City, while Darkhan and Erdenet cities were supplied
with one system each.
Minister Kh. Battulga thanked MCC’s commitment for
economic growth in Mongolia and MCA-Mongolia’s hard work in implementing the
projects. The Minister went on to mention how the installed systems would
improve the efficiency of the land registry offices thus benefitting the
citizens.
Continually Operating Reference Systems are able to
send out accurate location signals to the recipient with accuracy within 1.5
centimeters. The usage of the above mentioned equipments will help map out more
accurate land plots for registry offices, thus eliminating over-lapping of land
plots, and will vastly improve the efficiency of registering land.
The Property Rights Project aims to improve the formal
system for recognizing and transferring land rights, and issue fully marketable
private land titles to ger area residents. These efforts include the upgrading
of the State Registry’s building, information technology and business process;
the supplying of GPS equipments and other technology to improve the geospatial
infrastructure necessary for accurate land parcel mapping, the providing of
land titles to 75,000 ger area households, and legal and regulatory reform in
Ulaanbaatar and eight over regional centers.
NAME :
MONGOLBANK (CENTRAL BANK OF MONGOLIA)
Branch : Baga
Toiruu 9
Town :
Ulaanbaatar 46
Telephone: (976 11) 310 413
Fax : (976
11) 322 471
The subject also has an account with the following banks :
1. Trade and Development Bank of Mongolia
Juulnchny
Gudamj 7
Ulaanbaatar
210646
Telephone:
(976 11) 312 362 / 331 133
Fax : (976 11) 325 449
2. Golomt Bank of Mongolia
Main Branch
Bodi Tower,
Sukhbaatar Square
Ulaanbaatar
Telephone:
(976 11) 311 530
Fax : (976 11) 312 307
Governmental agencies 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.
Date Started : 1 December 2004
History : Subject was established in
Mongolia on 1 Decemebr 2004 as a Ministry of Road, Transportation and Tourism
of Mongolia.
In 2008, subject changed its name to
“Ministry of Road Transportation Construction and Urban Development of
Mongolia”.
In July 2012, subject changed its name to
the present style.
The road transport sector has started its
history since 1920 s and played an important role in the transport sector of
the country whereas other means of transport were not sufficiently providing
countrywide service. In 1990 s there were 15 major entities with a fleet of
300-1000 vehicles for intercity transport and over 20 local entities carrying
out cargo, passenger and postal deliveries. The total number of vehicles of
these entities took up only 30 percent of the entire vehicle population of the
country but carried over 70 percent of freight transport and 98.5 percent of
passenger transport.
C.R. No. : 21/20170
Tax No : 9129308
Capital : not applicable
Subject is the Ministry within the
Government of Mongolia with the
following officials :
1. Amarjargal Gansukh
2. Khabshine Erjaan
3. Buuvei Nyamdavaa
Subject is a Ministry of Road,
Transportation, Construction and Urban
Development operating within and allocated
a budget by the Government
of the Mongolia.
Personal profile on Amarjargal Gansukh :
Education background:
- 2001, Master of Laws, School of Law
Mongolian National University;
- 1993-1997, Bachelor of Administrative
Laws, School of Law Mongolian
National University.
Career:
- 2012 – Present, Minister of Roads and Transportation of Mongolia;
- 2008 – 2012, Vice-Minister of Road,
Transportation, Construction
and Urban Development of Mongolia;
- 2006 – 2008, Attorney At Law “GTs
Advocates” LLC, Mongolian-
American Joint law firm;
- 2005 – 2006, Head of the Mongolian Side
of the Committee of
“Erdenet” and Mongolrostsvetmet
Mongolian-Russian JVC;
- 2004 – 2006, Board member of various
state-owned enterprises /MIAT-
Mongolian Airlines;
- Baganuur coal mining company, “Savings
Bank, Power Plant-4.
The subject is involved in the following
activities :
Subject is responsible for the provision
road, transport, urban development regulations and construction activities.
The country is implementing the
"Transit Mongolia" National Program
approved by the Government of Mongolia in May,
2008, for the purpose
of tying into the international trade,
transport and logistics
network based on the country s
advantageous location in the
increasingly globalized world. The
National Program encompasses a
wide range of activities such as enhancing
domestic legal framework
to facilitate international transportation
and logistics operations,
providing more barrier-free services,
expanding national transport
infrastructure network to link-up with
international routes and serve
as an efficient transit node for transport
and trade flow.
The objectives of "Transit
Mongolia" International Forum are to
discuss and elaborate upon the ways of
improving capacities of
existing road and railway transit routes
passing through Mongolia,
talk over creating favorable legal climate
for transit transportation
and draw the attention of potential
investors and partners interested
in establishment of necessary transport
infrastructure network for
proposed mineral deposit exploitations in
Mongolia.
Mongolia is rich in mineral resources and
the Government is planning
to commercialize the country s major
mineral deposits such as Oyu
Tolgoi copper and Tavan Tolgoi coking coal
deposits jointly with
potential foreign investors in 2009-2012
and puts priority to the
provision of road and rail network and
their connectivity to the
international transport corridors in order
to facilitate access of
mining products to the international
markets.
Subject neither imports nor exports.
The Subject has the following facilities :
Administrative offices located at the
heading address.
Subject’s Training, Research, Investment,
Construction & Procurement Department located at the following
address:
Ikh Toiruu-1
Chingeltei District
PO Box 44/227
Ulaanbaatar 15171
Telephone: (976 11) 320 734
Fax
: (976 11) 323 744
Until July 2012, subject was located at :
Government Building-12
Chingilteli District, Barilgachdiin
Square-3
Ulaanbaatar 15170
Subject previously used the following telephone and fax
numbers :
Telephone: (976 11) 327 716 / 320 584 / 310 597 / 320 528 /
322 533 /
263 188 /
329 865
Fax : (976 11)
310 612 / 310 597 / 322 904
Government Building-12
Chingilteli District, Barilgachdiin
Square-3
Ulaanbaatar 15170
Transport in Mongolia
The transportation system in Mongolia
consists of a network of railways, roads, waterways, and airports.
- Railways :
Traders in Zamyn-Üüd station, Dornogovi
aimag The Trans-Mongolian Railway connects the Trans-Siberian Railway from Ulan
Ude in Russia to Erenhot and Beijing in China through the capital Ulan Bator.
The Mongolian section of this line runs for 1110 km. A spur line connects
Darkhan to the copper mines of Erdenet; another spur line connects Ulaanbaatar
with the coal mines of Baganuur. A separate railway line exists in the east of
the country between Choibalsan and the Trans-Siberian at Borzya; however, that
line is closed to passengers beyond the Mongolian town of Chuluunkhoroot. For
domestic transport, daily trains run from Ulaanbaatar to Darkhan, Sukhbaatar,
and Erdenet, as well as Zamyn-Üüd, Choir and Sainshand. Mongolia uses the 1,520
mm (4 ft 11 27⁄32 in) (Russian gauge) track system. The total length of
the system 1,810 km. In 2007, rail transport carried 93% of Mongolian freight
and 43% of passenger turnover (in tons*km and passenger*km, respectively).
- Roadways :
In 2007, only about 2600 km of Mongolia's
road network were paved. Another 3900 km are graveled or otherwise improved.
This network of paved roads was expanded to 4,800 km in 2013, with 1,800 km
completed in the last year alone. This included the roads from Ulaanbaatar to
the Russian and Chinese borders, paved road from Ulaanbaatar to Kharkhorin and
Bayankhongor, another going south to Mandalgovi, and a partly parallel road
from Lün to Dashinchilen, as well as the road from Darkhan to Bulgan via
Erdenet. The vast majority of Mongolia's official road network, some 40,000 km,
are simple cross-country tracks. Construction is underway on an east-west road
(the so-called Millennium Road) that incorporates the already existing road
from Ulaanbaatar to Arvaikheer, and on the extension of the Darkhan-Bulgan road
beyond Bulgan. Private bus and minibus companies offer service from Ulaanbaatar
to most aimag centers.
Bus
Buses are the main mode of public
transportation in Ulan Bator. There is no set time table, but buses pass bus
stops at approximately 15 minute intervals. Buses runs between 7:00am and
10:00pm. In July, 2013 Ulaanbaatar Urban Transport Service together with
Chinggis Khaan International Airport launched airport express bus connecting
the international airport and downtown area. However, the service had been
stopped as of September 2013 for unknown period. There is bus communication
between cities of Mongolia offering buses of all sizes from minivans to large
coach buses (usually up to 45 seats).
Taxi
There are few licensed taxi companies such
as Ulaanbaatar taxi (1991), Noyon taxi (1950), Telecom taxi (1109), 1616 taxi
(1616) operating in Ulaanbaatar and few local taxi companies in smaller cities
such as Darkhan, Erdenet, Baganuur and Zuunmod, but there are many drivers with
private unlicensed cars who act as taxis. A typical fare is MNT 700-800 per
kilometer, however, taxi drivers tend to ask for more especially if the client
is a foreign national. Official taxis with proper markings are allowed to drive
without plate number restrictions on the first lane of Ulaanbaatar's central
road usually reserved for large public transports such as buses and
trolleybuses from October, 2013.
- Waterways :
Mongolia has a total of 580 km of
waterways, but only Lake Khövsgöl has ever been heavily used. The Selenge (270 km)
and Orkhon (175 km) rivers are navigable but carry little traffic, although a
customs boat patrols the Selenge to the Russian border. Lake Khovsgol has
charter boats for tourists. The lakes and rivers freeze over in the winter and
are usually open between May and September.
- Air transportation :
MIAT Mongolian Airlines Boeing 767-300ER
JU-1011 SVO Jan 2012
Aircraft of two Mongolian domestic
airlines in ULN As of 2012, most airports of 21 aimag centers of Mongolia have
paved runways. However those closest to Ulaanbaatar lack scheduled air service.
Chinggis Khaan International Airport
outside of Ulaanbaatar is the major airport in Mongolia that offers
international flights. There are also other airports that have international
status such as the ones in Choibalsan and Khovd towns that connect nearby
Chinese cities of Ürümqi, Hailar, Erenhot and Manzhouli although they are more
popular among local population.
As of 2013, numerous domestic air carriers
such as MIAT Mongolian Airlines, Eznis Airways, Aero Mongolia, Hunnu Air as
well as international air carriers such as Aeroflot, Korean Air, Air China and
Turkish Airlines are offering their scheduled services. All domestic airlines
except MIAT Mongolian Airlines provide regular air service between Ulaanbaatar
and aimag centers. Domestic flights are operated using Fokker 50, Saab 340
(EZNis discontinued to use these aircraft as of late 2013 - early 2014), Airbus
319 and Bombardier Q400 aircraft.
Ulaanbaatar can be accessed by air with
regular flights from such world major cities as Moscow, Berlin, Frankfurt,
Beijing, Hong Kong, Singapore, Shanghai (discontinued in October, 2013 and to
be resumed on June, 2014), Seoul, Tokyo, Osaka (served only in summer time),
Bangkok, Istanbul and Bishkek. In June, 2014 Hunnu Air launched its previously
announced flight to Paris.
In 2013 the first purely air cargo
operator was registered at the Civil Aviation Authority of Mongolia and is
planned to commence its operation in 2014.
The telephone/fax numbers given by you : (976
11) 310597 is no longer in use. Please note that subject's current
administrative office telephone and fax numbers are as per heading.
The address given by you : GOVERNMENT BUILDING 12
CHINGILTELI DISTRICT BARILGACHDIIN SQUARE 3 ULAANBAATAR applies to the subject’s
previous address. Please note that the current address is as per heading.
The postal code number which you provided : 15170 applies to
the subject’s previous postal code. Please note that the current postal code
number is as per heading.
Interviewed : Buuvei Nyamdavaa (Director
of Foreign Relations Department).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.61 |
|
|
1 |
Rs.100.28 |
|
Euro |
1 |
Rs.78.21 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.