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Report No. : |
322161 |
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Report Date : |
22.05.2015 |
IDENTIFICATION DETAILS
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Name : |
ANUN LLC |
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Formerly Known As : |
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Registered Office : |
MCS Anun Center Chinggis Avenue Khan-Uul District, 3rd Khoroo Ulaanbaatar 210136 |
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Country : |
Mongolia |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
2007 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
·
Trading as importers and retailers
of home and office furniture. ·
Manufacturers of furniture. |
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No. of Employee : |
50 |
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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Mongolia |
B2 |
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 (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.
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Source
: CIA |
ANUN LLC
Building :
MCS Anun Center
Street
: Chinggis
Avenue
Area
: Khan-Uul
District, 3rd Khoroo
Town
: Ulaanbaatar 210136
Country :
Mongolia
Telephone :
(976 11) 343 281 / Mobile (976 88) 117 892 (Sainkhuu
Saranhuu) / (976 88) 114 945
Fax
: (976 11) 342 129
E-Mail
: jargal.m@anun.mn /
sainkhuu.s@anun.mn / contact@anun.mn
Website
: www.anun.mn
Also known as : Anun XXK / Anun Furniture / Anun XXK
Name Position
1. Ms. Urenbileg Jambaljamtsiin Managing
Director
2. Sainkhuu Saranhuu Director
3. Ms. M. Jargal Human Resources Manager
Total Employees : 50
(subject)
8,000 (group)
No complaints have been heard regarding
payments from local suppliers or banks.
Subject is a member of the MCS Group of
Companies - one of the
largest private sector entities in terms of
number of employees in
Mongolia 8,000 through its contractors and
subcontractors. The Group has more than 32 subsidiaries covering diversified
business activities including: energy & infrastructure, general
manufacturing
& services, information &
communications, property development, and -
food, beverage & alcohol. The Group had
annual sales turnover $US 250
million in 2008.
Associations inspire added confidence and 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
200,000,000 (higher amounts may be
considered with
group assurances)
Trade risk assessment : Normal
ANUN IS THE PICTURE OF A SUCCESSFUL MONGOLIAN
FURNITURE BUSINESS
Anun LLC’s growing world class business plans
to train and hire Mongolian nationals
Anun LLC has been supplying Oyu Tolgoi’s
offices in Ulaanbaatar and Umnugobi with custom made furnishings and interior
design services since 2008.
Anun’s design philosophy
"We produce contemporary furnishings in
a great variety of designs and colours to match our customers specifications.
Our design philosophy is to produce sophisticated pieces that occupy much less
space, and combine and work with their surroundings,” says Anun LLC.
Oyu Tolgoi has found this long term supplier
both professional and able to deliver a high quality product in a timely manner.
Anun offers Oyu Tolgoi flexibility by understanding our furniture needs and
tailoring their design to these needs – this is a great advantage to their
customer..
Anun also takes ‘hands on’ responsibility
with respect to their delivery service, ensuring timely delivery without delay
or damage to the pieces of furniture.
Being a reliable supplier benefits Anun
Having Oyu Tolgoi as one of the customers has
become a great support to Anun’s business and production nationally. The
workforce of Anun has grown steadily since 2009 and this year the company plan
to train and hire additional staff in order to achieve the manufacture of their
furniture to an international standard.
“It is such a pleasure to work with Oyu
Tolgoi. If a customer operates a successful business and treats their partners
well, then it influences suppliers positively. Oyu Tolgoi is the largest
customer among many others we have. We focus on the quality of our service and
products. Our customers have high standards, so this spurs us on to provide the
very best in furniture design and manufacture,” said Anun representative,
L.Davaasuren.
Anun is recognised as Oyu Tolgoi’s supplier
of the month
Each month Oyu Tolgoi recognises our best supplier
partners who demonstrate excellence in the products and services that they
deliver. Anun LLC was recognised as the best medium supplier in March 2012.
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
The company
also has an account with :
Golomt Bank of Mongolia
Main Branch
Bodi Tower, Sukhbaatar Square
Ulaanbaatar
Telephone: (976 11) 311 530
Fax
: (976 11) 312 307
Private companies 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.
The following financial information applies
to MCS Group :
Sales Turnover : TUGRIK
514,600,000,000 - 2010 - exact
: TUGRIK 412,100,000,000 - 2011 - exact
: TUGRIK 519,300,000,000 - 2012 - exact
: TUGRIK 628,600,000,000 - 2013 - exact
Net Profit : not given but stated to be 10% of
the sales
Financial year ends 31 December.
Balance sheets as at 31 December of 2013
showed applies to Mongolian Mining Corporation (MMC), subject's affiliate
company :
31/12/2013 31/12/2012
31/12/2011
(in thousands HKD)
ASSETS
Current Assets
Cash And Cash Equivalents 77,000
284,000 228,000
Net Receivables 145,000 131,000 92,000
Inventory 106,000 90,000 58,000
Other Current Assets 58,000 12,000 -
Total Current Assets 449,000 583,000 395,000
Long Term Investments 2,000 4,000 4,000
Deferred Long Term Asset Charges 22,000 19,000 10,000
Total Assets 1,899,000 2,177,000 1,628,000
LIABILITES
& EQUITY
Liabilities
Current Liabilities
Accounts Payable 93,000 46,000 19,000
Short/Current Long Term Debt 991,000 1,114,000 562,000
Other Current Liabilities 72,000 81,000 94,000
Total Current Liabilities 433,000
418,000 554,000
Long Term Debt 744,000 842,000 145,000
Total Liabilities 1,338,000 1,425,000 859,000
Common Stock 646,000 646,000 646,000
Retained Earnings 120,000 177,000 180,000
Treasury Stock (205,000) (71,000) (57,000)
INCOME
STATEMENT
Total Revenue 437,000 474,000 543,000
Cost of Revenue 335,000 386,000
288,000
Gross Profit 102,000 89,000 254,000
Total Operating Expenses
414,000 463,000 397,000
Operating Income or Loss
23,000 11,000 146,000
Earnings Before Interest & Taxes 23,000 11,000 146,000
Interest Expense (61,000) (49,000) (13,000)
Income Tax Expense 3,000 3,000 36,000
Net Income From Continuing Ops (58,000) (3,000) 119,000
Net Income (58,000)
(3,000) 119,000
Financial year ends 31 December.
Date Started :
2007
History :
Subject was established in Ulaanbaatar in 2007.
C.R. No. :
9011035066
Tax No. :
2046121
Capital :
not given
Limited Liability Company with the following
sole shareholder:
MCS Holding LLC 100%
Central Tower, 15th Floor
2 Sukhbaatar Square, SBD-8,
Sukhbataar District
Ulaanbaatar 210620a
Telephone: (976 11) 312 625 / 311 079
Fax : (976
11) 312 175
Est.: 1993
Tax No.: 2628236
Capital : US DLRS 30,000,000
MCS Holding LLC, founded in 1993 as the first
Mongolian private
consulting company in the energy sector, the
MCS Group has
successfully expanded its business operations
in such diversified
fields, as energy and infrastructure,
information and communication
technology, beverage manufacturing and
distribution, wholesale and
retail, property development, construction
and printing. The MCS
Group has 8,103 employees and has been ranked
as one of the top five
taxpayers for the last consecutive years.
Personal Profile on Odjargal Jambaljamtsiin :
Odjargal Jambaljamtsiin graduated from the
Polytechnic Institute,
Kiev, in 1989, Mr. Odjargal worked as an
engineer at the Energy
Bureau in Mongolia for a few years before
setting up his own
engineering company in 1993. He has a MBA
from Maastricht School of
Management.
Od Jambaljamtsiin :
Mr. Od, the older brother of Mr. Odjargal,
graduated from Moscow
University of Foreign Relations with a
bachelor’s degree and from
Oxford School of Foreign Service with a
master’s degree and had
served as a diplomat for many years before
joining the company.
Affiliated companies of MCS Holding LLC :
Subsidiaries
& Associates
1.
Mongolian Mining Corporation LLC
Central Tower, 15th Floor
2
Sukhbaatar Square, 8 Khoroo, Sukhbaatar District
Ulaanbaatar 210620a
Telephone: (976 70) 122 279
Fax : (976 70) 132 279
Est.: 18 May 2010
Registered address: Cricket Square, Hutchins Drive,
Grand Cayman, KY1-1111, Cayman Islands P.O. Box 2681
2. MCS
Property LLC
Central Tower, 14th Floor
2
Sukhbaatar Square, Sukhbataar District, SBD-8
P.O. Box No.: 210620A
Ulaanbaatar 14200
Telephone: (976 11) 328 942 / 315 244 / (976 88) 113 301 / (976
88)
046 001 / (976 88) 046 003
Fax : (976 11) 321 656
E-Mail : javkhlan.bo@mcs.mn
Employees : 500
Est.: 2006
C.R. No. : 9011012015
Tax
No.: 5040159
3. MCS
Group Limited
Offshore Incorporations Centre, P.O. Box 957
Road Town
Tortola
British Virgin Islands
Sole shareholder: MCS Holding LLC
(Liquidated in 2012)
4. MCS
Mining Group Ltd
Central Tower, 15th & 16th Floors
2
Sukhbaatar Square, 8 Khoroo, Sukhbaatar District
Ulaanbaatar 210620A
Telephone: (976 11) 312 625
Fax : (976 11) 312 625
C.R.
No.: 26456309
Sole shareholder: MCS (Mongolia) Limited
Registered address: Offshore Incorporations Centre,
Road Town, Tortola P.O. Box 957, British Virgin Islands
5.
Erchim Suljee LLC
MCS
Anun Center
Chinggis Avenue
Khan-Uul District, 3rd Khoroo
Ulaanbaatar 210136
Telephone: (976 11) 346 464
Fax : (976 11) 346 262
6.
Uniservice Solution LLC
Central Tower, 9th Floor, Office 907
2
Sukhbaatar Square, Sukhbataar District, SBD-8
Ulaanbaatar 210620a
Telephone: (976 70) 113 360 / 113 360 / Mobile (976 88) 111 940
(Oyunbileg Sharav) / (976 88) 100 309
Fax : (976 70) 113 359
E-Mail : info@uss.mn /
oyunbileg.sh@mcs.mn
Managing Director : Ts. Altantsetseg
Est.: 1 April 2005
Tax
No.: 2878593
7.
Spirt Bal Buram JSC
Mandal Sum
Selenge Aimag
Telephone: (976 11) 311 079
Fax : (976 11) 312 175
E-mail : eldevoch@mcs.mn
8.
Interpress Co Ltd
MCS
Plaza, 1st Floor
Seoul Street 4
Ulaanbaatar
210644
Telephone: (976 11) 326 898 / Mobile (976 99) 118 668
Fax : (976 11) 329 474
E-mail : interpress@magicnet.mn
9. MCS
Properties Holding LLC
Central Tower, 14th Floor
2
Sukhbaatar Square, Sukhbataar District, SBD-8
Ulaanbaatar 210620A
Telephone: (976 11) 328 942 / 315 244
Fax : (976 11) 321 656
President: Od Jambaljamtsiin
Employees: 50
10. Anungoo Co Ltd (Procter & Gamble)
MCS
Plaza, 2nd Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 961 619
Fax : (976 11) 312 175
E-mail : anungoo@mcs.mn
11. MCS International LLC
MCS Anun Center
Chinggis Avenue
Khan-Uul District, 3rd Khoroo
Ulaanbaatar 210136
Telephone: (976 77) 226 363 / 226 6264
Fax : (976 77) 226 030
Est.: 1 April 1996
C.R. No. : 9011035035
Tax No.: 2090007
Capital : TUGRIK 700,000,000
Sole shareholder : MCS Holding LLC
12. MCS Gyals Medical Centre
1st Floor
Russian Hospital
Jukov Ave.131
Bayanzurkh district
Ulaanbaatar
Telephone: (976 99) 112 603 / (11) 457 781
Fax : (976 11) 451 807
E-mail : mcsInter@mcs.mn
13. Unitel LLC
Central Tower, 8th Floor
Sukhbatar Square 2
Sukhbatar District 8
Ulaanbaatar 210620A
Mongolia
Telephone: (976 11) 331 730
Fax : (976 11) 330 708
E-Mail : bayarbakhdal@unitel.mn
Est.: 5 October 2005
C.R. No.: 482106
14. MCS Coca Cola LLC
MCSCC Plant
Peace Avenue, Gachuurt Road 104
Amgalan 13260, Bayanzurkh District, 10th Khoroo
Ulaanbaatar
Telephone: (976 70) 165 555 / Mobile (976 88) 111 399 (Myagmarjav
Luvsandash) / (976 88) 117 501 (Khandaa Tsedendamba)
Fax : (976 70) 165 500
E-Mail : khandaa.ts@mcscocacola.mn /
myagmarjav.l@mcscocacola.mn
Website : www.mcscocacola.mn
Est.: 26 July 2001
C.R. No. : 9011080120
Tax No.: 2663503
Capital : TUGRIK 5,000,000,000
Sole shareholder : MCS Holding LLC
15. Mon Sat Co Ltd
MCS Plaza, 3rd Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 312 625
Fax : (976 11) 312 175
16. Orbitnet Co LLC
Central Tower 14/F
Sukhbaatar Square No. 2
Sukhbaatar District, SBD-8
Ulaanbaatar-210620A
Telephone: (976 11) 323 705
Fax : (976 11) 312 699
17. Officenet LLC
MCS Plaza, 3rd Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 344 931
Fax : (976 11) 312 175
18. Goyo Co Ltd
MCS Plaza, 3rd Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 342 531
Fax : (976 11) 344 015
19. Shangrila Hotel
Ulaanbaatar
Telephone: (976 11) 326 602
Fax : (976 11) 326 643
20. Orchlon School
Ulaanbaatar
Telephone: (976 11) 353 519
Fax : (976 11) 354 115
21. Orchlon Club
Ulaanbaatar
Telephone: (976 11) 354 327
Fax : (976 11) 354 326
22. MCS Distribution LLC
Ulaanbaatar
Telephone: (976 11) 345 234
Fax : (976 11) 345 460
23. Energy Resources LLC
Central Tower
2 Sukhbaatar square, SBD-8
15th floor
Ulaanbaatar 210620A
Telephone: (976 70) 122 279 / 132 279
Fax : (976 11) 322 279
Tax No.: 2887746
Capital : US DLRS 26,200,370
24. Global Energy
Ulaanbaatar
Telephone: (976 11) 311 079
Fax : (976 11) 312 175
25. Medimpex
Ulaanbaatar
Telephone: (976 11) 310 429
Fax : (976 11) 318 254
26. Irish Pub Grand Khaan
Ulaanbaatar
Telephone: (976 11) 336 666
Fax : (976 11) 330 995
27. MCS - APB LCL
Ulaanbaatar
Telephone: (976 11) 464 304
Fax : (976 11) 464 306
28. Sky Resort
Ulaanbaatar
Telephone: (976 11) 311 079
Fax : (976 11) 311 079
29. MCS Estates LLC
Ulaanbaatar
Telephone: (976 11) 311 079
Fax : (976 11) 312 175
Est.: 11 November 2011
30. Green Catering LLC
14th Floor, Central Tower
Ulaanbaatar
Mongolia
Telephone: (976 11) 314 411
Fax : (976 11) 314 411
Est.: 2008
31. MCSCom LLC
Central Tower, 14th Floor
Sukhbaatar Square No. 2
Sukhbaatar District, SBD-8
Ulaanbaatar 210620A
Telephone: (976 11) 323 705
Fax : (976 11) 312 699
32. MCS Anun LLC
1st floor, Building M-100
Chingeltei District
Ulaanbaatar
Telephone: (976 11) 312 908 / 312 938
Fax : (976 11) 312 907
33. Chinggiz Eco Tour Co Ltd
MCS Plaza, 5th Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 99) 115 153
Fax : (976 11) 312175
34. Devshil-Trade Co Ltd
Sonsgolon
Bayangol District
Ulaanbaatar
Telephone: (976 11) 632 964 / 631 539
Fax : (976 11) 631 709
E-mail : deb_enkh@mcs.mn
35. Zuunkharaa Trade Co Ltd
MCS Coca-Cola Plaza
Chingis Avenue
Khan Uul district
Ulaanbaatar-19
Telephone: (976 11) 345 234
Fax : (976 11) 345 228
36. Glamour LLC
Ulaanbaatar
37. MCS Health LLC
38. SBB Trade LC
39. MCS Armor LLC
40. MCS Metals LLC
41. Enerko LLC
MCS Anun Center
Chinggis Avenue
Khan-Uul District, 3rd Khoroo
Ulaanbaatar 210136
Telephone: (976 11) 346 464
Fax : (976 11) 346 262
42. MCS Tour Co Ltd
MCS Plaza, 5th Floor
Seoul St 4
Ulaanbaatar 210644
Telephone: (976 99) 115 153
Fax : (976 11) 312175
E-mail : MCSTour@mcs.mn
(dormant)
43. Mongolian Coal Corporation Limited
Three Pacific Place, Level 28
1 Queen’s Road East
Hong Kong
Capital : HK DLRS 1
44. Mongolian Coal Corporation S.a.r.l.
Luxemburg
Capital : EURO 31,000
45. Baruun Naran Limited
Gibraltar
46. Energy Resources Corporation LLC
Mongolia
Capital : US DLRS 100,000
47. Energy Resources Rail LLC
Central Tower, 16th Floor
2 Sukhbaatar Square, 8 Khoroo, Sukhbaatar District
Ulaanbaatar 14200
Telephone: (976 70) 122 279 / 132 279
Fax : (976 70) 111 399 / 132 279
Chief Executive Officer : Oyunbat Lkhagvatsend
Employees: 100
Est.: 8 July 2008
Tax No.: 5241111
Capital : TUGRIK 10,700,000,000
Sole shareholder : Energy Resources LLC
(Engages in management of railway project and responsible for the
implementation of the construction of the railway base
infrastructure)
48. Enrestechnology LLC
Central Tower, 16th Floor, West Wing
2 Sukhbaatar Square, 8 Khoroo, Sukhbaatar District
Ulaanbaatar 210620a
Telephone: (976 70) 122 279
Fax : (976 70) 132 279
Chief Executive Officer : Davaakhuu Chultem
Est.: 25 June 2009
Tax No.: 3614107
Capital : 3,466,163,000
49. Energy Resources Mining LLC
Central Tower, 15th Floor
2 Sukhbaatar Square, 8 Khoroo, Sukhbaatar District
Ulaanbaatar 210620a
Telephone: (976 70) 122 279
Fax : (976 70) 132 279
Est.: 23 December 2008
Capital : US DLRS 1,000
(Responsible for the mining and technical operations of the UHG
deposit)
50. Transgobi LLC
Mongolia
Capital : TUGRIK 9,122,641,836
51. Tavan Tolgoi Airport LLC
Mongolia
Capital : TUGRIK 3,475,379,000
52. Energy Resources Road LLC
Mongolia
Capital : TUGRIK 1,000,000
53. International Medical Center LLC
Mongolia
54. International Technical College LLC
Mongolia
55. Ukhaa Khudag Water Supply LLC (frmly United Water LLC)
Mongolia
Est.: 24 June 2009
Capital : TUGRIK 1,000,000
56. United Power LLC
Mongolia
Capital : TUGRIK 3,025,219,000
57. Gobi Road LLC
Mongolia
Capital : TUGRIK 1,000,000
58. Public Service LLC
Mongolia
Capital : TUGRIK 20,000,000
59. Khangad Exploration LLC
Central Tower, 16th Floor
2 Sukhbaatar Square, 8 Khoroo, Sukhbaatar District
Ulaanbaatar 14200
Telephone: (976 70) 122 279 / 132 279
Fax : (976 70) 111 399 / 132 279
E-Mail : ankhbayar.nergui@bncoal.mn
Est.: 23 February 2006
Tax No.: 2887134
License No. : MV-14493 (for the BN Coking coal deposit)
Capital : TUGRIK 42,491,100,000
Sole shareholder: Baruun Naran S.a.r.l. (Luxembourg)
60. MCS Electronics Co Ltd
Central Tower, 14th Floor
2 Sukhbaatar Square, Sukhbataar District, SBD-8
Ulaanbaatar 210620A
Telephone: (976 11) 323 705 est. 55 / 312 424 / (976 88) 113 263
/ (976 88) 114 485 / (976 88) 115 657
Fax : (976 11) 312 699
E-Mail : battulga@mcs.mn / electronics@mcs.mn
Website : www.electronics.mcs.mn
Employees : 250
Est.: 2 October 1997
C.R. No. : 2113155
Capital : US DLRS 400,000
61. MCS (Mongolia) Limited
British Virgin Islands
The Company is involved in the following
activities :
Trading as importers and retailers of home
and office furniture.
Manufacturers of furniture.
Subject's main suppliers are as follows :
- Wilsin Office Furniture (S);
- KUOCHING.
NACE Codes : 3101 / 3109
Imports from Germany, Taiwan and Singapore.
Subject does not export, all sales are
domestic.
The Company has the following facilities :
Owned premises comprising administrative offices
and 2,000 sq. m. showroom located at the heading address as well as a
manufacturing unit with storage facilities located elsewhere in Ulaanbaatar
(see ‘Branch Office’ below).
M-100, 1st 40 Myangat
1st Khoroo, Chingeltei District
Ulaanbaatar
Manufacturing Unit
Khan Uul District
Ulaanbaatar
The address given by you: M-100, 1st 40 Myangat,
1st Khoroo, Chingeltei District, Ulaanbaatar applies to the subject’s
registered office address. Please note that the current address is as per
heading.
Interviewed: Sainkhuu Saranhuu (Director).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.70 |
|
|
1 |
Rs.98.92 |
|
Euro |
1 |
Rs.70.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
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Report Prepared
by : |
ANK |
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.