MIRA INFORM REPORT

 

 

Report No. :

330772

Report Date :

15.07.2015

 

IDENTIFICATION DETAILS

 

Name :

DELTA FOODS LLC

 

 

Registered Office :

Teewerchdiyn Gudamzh 2-0, Bayangol District, 3rd Khoroo, beside Mongol Alt Co, Ulaanbaatar

 

 

Country :

Mongolia

 

 

Date of Incorporation :

October 1998

 

 

Com. Reg. No.:

9011092057

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Subject is engaged in trading as importers, wholesalers and distributors of foodstuff mainly oil, rice and pasta

 

 

No. of Employee :

50 (Subject Company) and  200 (Group)

 

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

 

Maximum Credit Limit :

TUGRIK 400,000,000

 

 

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Mongolia

B2

B2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

Company name

 

DELTA FOODS LLC

 

 

DELTA FOODS (Requested)

 

 

ADDRESS

 

Street      : Teewerchdiyn Gudamzh 2-0

Area        : Bayangol District, 3rd Khoroo, beside Mongol Alt Co.

Town        : Ulaanbaatar

Country     : Mongolia

 

Telephone   : (976 21) 252 658 / 922 525 / Mobiles (976 99) 003 202

                                (Gann Chimeg) / (976 99) 120 000 / (976 93) 225 454

Fax           : (976 21) 252 659

E-Mail      : foods03@delta.mn / ganbaa@delta.mn / info@delta.mn

Website     : www.delta.mn

 

Also Known As : Delta Foods / Delta Foods XXK / Delta Foods Co. Ltd

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                                Position

 

1. Uundai Munkhjargal                            Managing Director

 

2. Ts. Ganbaa                                                   General Manager

 

3. Gann Chimeg (Mrs)                            Sales Director

 

4. Mr. Boldoo                                                    Foreign Trade Relations

 

5. Enkhbold Tumukhuyag                       Administrator

 

6. Delger Tseren                                                Marketing Supervisor

 

Total Employees :  50 (subject)

                  200 (group)

 

PAYMENTS

 

No complaints have been heard regarding payments from local suppliers or banks.

Subject is a subsidiary of Delta Holding LLC, which employs more than 200 people.

 

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.

 

Opinion on maximum credit : TUGRIK 400,000,000

 

Trade risk assessment : Normal

 

 

PRINCIPAL BANKERS

 

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

 

Subject also has an account with :

 

Khan Bank of Mongolia

Peace Avenue

P.O Box-185

Ulaanbaatar

Telephone: (976 11) 457 880

Fax      : (976 11) 457 880

 

 

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              : TUGRIK 20,000,000,000 - 2014 - exact                       

 

Net Profit                      : TUGRIK    900,000,000 - 2014 - exact

                        

Financial year ends 31 December.

 

LEGAL STATUS AND HISTORY

 

Date Started : October 1998

 

History : Subject was established in Ulaanbaatar in October 1998.

 

C.R. No. : 9011092057

 

VAT No. : 2562456 (issue date : 8 December 1999)

 

Capital : not given

 

Limited Liability Company with the following directors and sole shareholder :

 

 

Directors

 

1. Uundai Munkhjargal                   

  (Mongolian national)

 

2. Ts. Ganbaa                           

  (Mongolian national)

 

 

Shareholder

 

Delta Holding LLC                                100%

Delta Auto Service Co., Ltd

Chinggis Avenue

Khan-Uul District, 3rd Khoroo, 19th Khoroolol

Ulaanbaatar

Telephone: (976 11) 343 333 / 345 416 / 345 152 / Mobile (976 99) 115   

            396 (Uundai Munkhjargal) / (976 99) 003 504 / (976 99)

            189 204 / (976 95) 251 010 / (976 99) 003 201

Fax      : (976 11) 341 413

E-Mail   : munk@delt.mn / accountant@delta.mn

Tax No.  : 5370221

 

Affiliated companies of the subject company :


Associates

 

Subject is a subsidiary of Delta Holding LLC, Mongolia, which includes the following companies :

 

1. Delta Auto Service Co., Ltd

   (Delta Avtoservis XXK)

   Chinggis Avenue

   Khan-Uul District, 3rd Khoroo, 19th Khoroolol

   Ulaanbaatar

   Telephone: (976 11) 343 333 / (976 21) 242 135 / (976 93) 225 444

   Fax      : (976 11) 341 413 / (976 21) 242 525

   Tax No.  : 2666936

 

2. Delta Complex Trading Co., Ltd

   Chinggis Avenue

   Khan-Uul District, 3rd Khoroo, 19th Khoroolol

   Ulaanbaatar

   Telephone: (976 11) 343 333

   Fax      : (976 11) 341 413

   E-Mail    : trade@delta.mn

 

3. Delta Mongol Trans Co., Ltd

   Ulaanbaatar

 

4. Mind Tech

   Ulaanbaatar

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Trading as importers, wholesalers and distributors of foodstuff mainly oil, rice and pasta.

 

Subject's main suppliers are as follows :

 

- Nidera S.A;

- Broekelmann;

- Youg Rosi;

- Sigma;

- Federation Oil;

- UNMAK GIDA;

- Pavlides S.A;

- Blue Ocean Co. LTD;

- VimexCo.,LTD;

- Duong Co.,LTD;

- Sunrise Foodstuff Co.,LTD.

 

NACE Codes : 4617 / 4638

 

Imports from Germany, Latvia, Poland, Turkey, Greece, Italy, Russia, Malaysia, Vietnam and Argentina.

 

Subject does not export, all sales are domestic.

 

 

FACILITIES

 

The Company has the following facilities :

 

Owned premises comprising administrative offices and storage facilities located at the heading address as well as 3 branch offices located elsewhere in Ulaanbaatar.

 

 

SPECIAL NOTES

 

You enquired on : “DELTA FOODS”. Please note that subject is also known by this name. Subject's correct registered name is as per heading.

 

The address given by you : “Bayangol 3R Horoo Teewerchdiyn Gudamzh 2-0” is misspelt. Please note that the correct spelling is as per heading.

 

Interviewed : Mr. Boldoo (Foreign Trade Relations).

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.50

UK Pound

1

Rs.98.20

Euro

1

Rs.69.73

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ASH

 

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%)

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.