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Report No. : |
324645 |
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Report Date : |
05.06.2015 |
IDENTIFICATION DETAILS
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Name : |
EBO HOLDING LLC |
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Registered Office : |
Ebo Center, Damdinbazar Street 80/1 17 Khoroo, 4 Khorolool,
Ulaanbaatar 16064 |
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Country : |
Mongolia |
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Date of Incorporation : |
1999 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as importers and distributors of foodstuff mainly pork meat
and catering equipment. |
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No. of Employees : |
30 |
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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Maximum Credit Limit : |
TUGRIK 70,000,000 |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Mongolia |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
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 (FDI). 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 strong economic growth because of market reforms 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. 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 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
2014, Mongolia purchased nearly 90% of its gasoline and diesel fuel from
Russia. A drop in FDI has put pressure on Mongolia's external finances.
Remittances from Mongolians working abroad, particularly in South Korea, are
significant.
|
Source
: CIA |
CO. NAME:
EBO HOLDING LLC
Building :Ebo Center
Street : Damdinbazar Street
80/1
Area : 17 Khoroo, 4
Khorolool
Town : Ulaanbaatar 16064
Country : Mongolia
Telephone : (976 70) 115 567 /
Mobiles (976 99) 032 592 (Badrakh
Urtnasan) /
185 049
Fax : (976 11) 305 534
E-Mail : ebotrade@yahoo.com /
ebo_otgoo@yahoo.com
Also Known As : EBO Holding XXK / EBO Holding Co. Ltd
Name Position
1. Demberel Otgonbaatar
Managing Director
2. Demberel Otgonbayar
Director
3. Saran Chimeg
Financial Manager
4. Badrakh Urtnasan
Foreign Relations
Manager
Total Employees : 30
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 Mongolian importers.
Opinion on maximum credit : TUGRIK 70,000,000
Trade risk assessment : Normal
NAME : KHAN BANK OF MONGOLIA
Branch : Peace Avenue
P.O. Box : 185
Town : Ulaanbaatar
Telephone: (976 11) 457 880
Fax : (976 11) 457 880
The company also has an account 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. Trade And Development Bank Of Mongolia
Juulnchny Gudamj 7
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 : EURO
1,300,000 - 2014 - exact
: EURO 1,500,000 - 2015 - projected
Net Profit :
not given but stated to be profitable
Total Invested Capital : TUGRIK 500,000,000
Financial year ends 31 December.
Date Started : 1999
History : Subject was established in Ulaanbaatar in 1999.
C.R. No.: 9011085140
Tax No.: 2579928 (issue date : 1 October 2001)
Authorized Capital : TUGRIK 1,000,000
Paid Up Capital : TUGRIK 1,000,000
Limited Liability Company with the following shareholders :
Percentage
1. Demberel Otgonbaatar 50%
(Mongolian national)
2. Demberel Otgonbayar 50%
(brother of the above)
Affiliated companies of the EBO Holding LLC :
Associates
1. EBO Construction LLC
Ulaanbaatar
2. EBO Trans LLC
Ulaanbaatar
3. EBO Invest LLC
Ulaanbaatar
The Company is involved in the following activities :
Trading as importers and distributors of foodstuff mainly pork meat and
catering equipment.
Renting and operating of own real estate.
NACE Codes : 4617 / 4618 / 6820
Imports from South Korea, China, Poland and Germany.
Subject does not export, all sales are domestic.
The Company has the following facilities :
Owned premises comprising administrative offices and storage facilities
located at the heading address.
Interviewed : Badrakh Urtnasan (Foreign Relations Manager).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.17 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.25 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
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.