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Report No. : |
303944 |
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Report Date : |
28.01.2015 |
IDENTIFICATION DETAILS
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Name : |
CHPM CO LTD |
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Registered Office : |
Embassy Road 14, 1st
Khoroo, Ulaanbaatar 14220 |
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Country : |
Mongolia |
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Year of Establishments : |
2012 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Engaged as importers and distributors of Industrial Equipment and Tools. Subject product ranges includes :- ·
Gedore-Tools ·
Alkitronik-Tools ·
Separ-Diesel Filters ·
Kleenoil-Filter ·
Mato-Lubrication Technical ·
Chester Molecular ·
Vogel Germany ·
Lukas ·
Tractel ·
Alzmetall ·
Weiler · Milwaukee |
|
|
|
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No of Employees : |
10+ |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Mongolia |
b2 |
b2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
ChPM Co Ltd
Street : Embassy Road 14
Area : 1st
Khoroo
Town : Ulaanbaatar
14220
Country: Mongolia
Mobiles: (976 88) 102 796 / 103 358 (Tsegmed Chadraabal)
/ (976
88)
102 754 (Mrs. Bungaa) / (976 88) 103 587
Fax : (976
11) 331 119
E-Mail : ts.chadraabal@yahoo.de / chadraabal@chpm.mn /
Website: www.chpm.mn
Also Known As : ChPM LLC /
ChPM XXK
Name Position
1. Tsegmed Chadraabal Managing Director
2. Mrs. Bungaa Executive Manager
Total Employees : 10 plus
No complaints have been heard
regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for SMALL amounts.
Although it
is normal accepted practice for international suppliers to deal on secured
terms with Mongolia importers.
Trade risk assessment :
Normal
NAME : VOGEL GERMANY GMBH & CO.KG
Street : Ossenpass 4
Town : 47623 Kevelae
Country : Germany
Telephone : (49) 2832 9239
Fax : (49) 2832 3621
Website : www.vogel-germany.de
NAME : GEDORE TOOL CENTER GMBH & CO. KG
Street : Remscheider Street 149
Town : 42899 Remscheid
Country : Germany
Telephone : (49 21) 9159
6900
Fax : (49 21) 9159 6911
NAME : ALKI TECHNIK GMBH
Street : Unterlettenweg 4
Town : 85051 Ingolstadt
Country : Germany
Telephone : (49 8) 4197 4990
Fax : (49 8) 4197 4990
NAME : CHESTER MOLECULAR
Street : 05-092 Łomianki
Country : Poland
Telephone : (48 22) 751 2806
Fax : (48 22) 751 2807
NAME : KLEENOIL
Street : Postbus 563
Town : 1420 CB, Uithoorn
Country : Nederland
Telephone : (31 2) 9774 5009
Fax : (31 2) 9752 6252
NAME : LUKAS HYDRAULIK GMBH
Street : Weinstrasse 39
Town : D-91058 Erlangen
Country : Germany
Telephone : (49) 9131 6980
Fax : (49) 9131 698394
NAME : TRACTEL
Street : 3, rue du Fort Dumoulin
Town : L-1425
Country : Luxembourg
Telephone : (352 43) 42 421
Fax : (352 43) 42 42200
NAME : ALZMETALL
Street : 83350 Altenmarkt
Country : Germany
Telephone : (49 8) 621 880
Fax : (49 8) 621 88213
NAME : MILWAUKEE ELECTRIC TOOL CORPORATION
Street : 13135 West Lisbon Road
Town : Brookfield, WI 53005-2550
Country : USA
Telephone : (1 800) 729 3878
Fax : (1 800) 638 9582
NAME : WEILER WERKZEUGMASCHINEN GMBH
Street : Friedrich K. Eisler Straße 1
Town : D-91448 Emskirchen
Country : Germany
Telephone : (49 9) 101 7050
Fax : (49 9) 101 705122
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
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 400,000 - 2014 - exact
: US DLRS 500,000 - 2015 - projected
Net Profit :
not given but stated to be
profitable
Financial year ends 31
December.
Date Started : 2012
History : Subject was
established in Ulaanbaatar in 2012.
Capital : not given
Limited Liability Company with the following
director and shareholders :
Director
Tsegmed Chadraabal
(Mongolian national)
Shareholders
1. Tsegmed Chadraabal (majority)
(Mongolian national)
2. Mrs. Bungaa
(Mongolian national)
* The exact shareholding percentage was not disclosed.
The Company is involved in the following
activities :
Trading as importers and
distributors of industrial equipment and tools.
Subject product ranges includes :-
·
Gedore-Tools
·
Alkitronik-Tools
·
Separ-Diesel Filters
·
Kleenoil-Filter
·
Mato-Lubrication Technical
·
Chester Molecular
·
Vogel Germany
·
Lukas
·
Tractel
·
Alzmetall
·
Weiler
·
Milwaukee
NACE Code : 4614
Imports from Germany, Poland,
Luxembourg and USA.
Subject does not export,
all sales are domestic.
The Company has the following facilities :
Rented
premises comprising administrative office, a showroom and storage facilities
located at the heading address as well as a branch office located elsewhere in
Erdenet (see 'Branch Office' below).
ChPM Co Ltd (Branch)
Erdenet
Mobiles: (976 99) 350 613 /
(976 99) 350 613
Fax : (976 11) 331 119
Interviewed : Tsegmed
Chadraabal (Managing Director).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.46 |
|
UK Pound |
1 |
Rs.92.77 |
|
Euro |
1 |
Rs.69.03 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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|
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
<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.