TOP-100 enterprises for 2018 ranked
On May 17, the MNCCI and the government of Mongolia co-organized the annual ceremony of ranking the TOP-100 enterprises in Mongolia, in the State House. It was the 18th edition by alone and the fourth edition together with the government. Prime Minister Mr. U.Khurelsukh attended the ceremony and congratulated the honoured enterprises on behalf of the government and on himself for being figureheads in the country’s socio-economic development and at their areas.
“In collaboration with our businesspeople and companies, the Mongolian government has been successfully implementing goals for macro-economy and improvement of the investment environment which are reflected in the Governmental Action Plan and in the Program on Restoration of National Economy. The credit rating of Mongolia improved last year, reaching B3 scale, and it creates a pleasant environment for Mongolian commercial banks and companies to run their business.” The Premier said.
“According to a preliminary performance of the Q12018, the Mongolian GDP growth reached 8.6 percent, which was the peak level over the last five years. As the head of the cabinet, I would like to emphasise that contributions of the TOP-100 enterprises is increasing and I thank all the honoured enterprises for your significant contributions.” he said.
Chairman of the MNCCI Mr. O.Amartuvshin congratulated the top enterprises on behalf of the MNCCI and its members, and then said they have been making up the largest portion of the country’s tax income and being an engine of the national economy.
“There is no other way to accelerate the economic development and to beef up the PPP except supporting these TOP-100 enterprises. In turn, the leading enterprises have to back SMEs and expand markets. The TOP-100 enterprises make the tax fundamentals stronger, while SMEs should keep and maximize workplaces.” O.Amartuvshin said.
“The list of TOP-100 enterprises for 2018 clearly shows that the size of sales income reached MNT 30 trillion, increasing by MNT 5 trillion against 2017. It makes up 96 percent of the Mongolian GDP. In addition, the size of tax paid by the top enterprises reached MNT 4.1 trillion, increasing by 29 percent. It equals to a half of the total tax revenue. By a classification of the enterprises, business action of the mining industry and works of their suppliers considerably increased. From the next year, indicators of the social responsibilities will be greatly considered as the most important criteria to select top enterprises.” he said.
The TOP-100 enterprises of 2018 were selected after a consideration of five major criteria--annual income, tax paid to the governmental budget, the number of insurance payers, the size of earnings and capital--based on official statistical data collected from the Ministry of Finance, the General Department of Taxation, the Customs Agency, the Social Insurance General Office, the National Statistical Office, the General Authority for Intellectual Property and State Registration and the Financial Regulatory Commission.
Following companies were included in the 2018 Top-100 enterprisers:
Name of companies
- Erdenet Mining Corporation
- “Erdenes Tavan tolgoi” JSC
- Oyu Tolgoi LLC
- Khan Bank
- Energy Resources LLC
- "Mongoliin Alt" (MAK) LLC
- NIC LLC
- Trade and Development Bank
- Golomt Bank
- Ulaanbaatar Railways JSC
- TTGVCO LLC
- ICIC LLC
- XasBank
- State Bank
- APU JSC
- Mobicom Corporation LLC
- Wagner Asia Equipment LLC
- Gobi JSC
- Electric Transmission State-owned holding company
- Tsairt Mineral LLC
- Thiess Mongolia LLC
- Nomin Tav Trade LLC
- Tavantolgoi JSC
- Sod Mongol Group
- Mongolian Airlines (MIAT) state-owned company
- Ulaanbaatar Thermal power plant №4
- Redpath Mongolia LLC
- Development Bank of Mongolia
- Unitel LLC
- MCS Coca Cola LLC
- Ulaanbaatar Electricity Distribution Network JSC
- Shunkhlai LLC
- Boldtumur Eruu Gol LLC
- Petrostar LLC
- Tavanbogd LLC
- Jacobs Engineering LLC
- Erdenes Mongol LLC
- Magnai Trade LLC
- Mongolrostsvetmet state-owned enterprise
- Information and Communication Networking State-owned holding company
- Baganuur JSC
- APU Trading LLC
- Shin Shin LLC
- Darkhan Metallurgical Plant JSC
- Usukh Zoos LLC
- Capitron Bank
- Ulaanbaatar Thermal power plant №3
- Support Services Mongolia LLC
- Spirt Bal Buram LLC
- Nomin Trading LLC
- Altain Khuder LLC
- GCR Mongolia LLC
- Shunkhlai Trading LLC
- M-Oil Group LLC
- Erdenet Bulgan Electricity Distribution Network state-owned company
- Voltam LLC
- Tes Petroleum LLC
- COAL LLC
- Transwest Mongolia LLC
- MCS International LLC
- Eco Altan Zaamar LLC
- Skayhypermarket LLC
- SBB Trade LLC
- Altangadas Trade LLC
- Skytel LLC
- Univision LLC
- Ulaanbaatar Management LLC
- Gem International LLC
- Ulaanbaatar City Bank
- Monos Farm Trade LLC
- MonEnCo LLC
- Talkh Chikher JSC
- Qinhua MAK Nariin Sukhait LLC
- Minii Delguur LLC
- Mongol Tamkhi So LLC
- Eco Construction LLC
- Petro China Tamsag LLC
- Nomin Holding LLC
- Tsement Shokhoi JSC
- Altan joloo Trade LLC
- MCS Asia Pacific Brewery LLC
- G-Mobile LLC
- MSM Group LLC
- Total Distribution LLC
- Blast LLC
- MCS Property LLC
- Donrod Busiin Erchim Khuchnii system state-owned company
- Monsul LLC
- Monos Ulaanbaatar LLC
- Bayan Airag Exploration LLC
- Tavanbogd Foods LLC
- Goyo LLC
- NBIC LLC
- Epiroc Mongolia LLC
- Monpolimet LLC
- Suu JSC
- Jur Ur LLC
- Altan Taria LLC
- Premium Industrial and Engineering LLC
- Oin Birj LLC