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TOP-100 enterprises for 2018 ranked

2020/03/03 0

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

  1. Erdenet Mining Corporation
  2. “Erdenes Tavan tolgoi” JSC
  3. Oyu Tolgoi LLC
  4. Khan Bank
  5. Energy Resources LLC
  6. "Mongoliin Alt" (MAK) LLC
  7. NIC LLC
  8. Trade and Development Bank
  9. Golomt Bank
  10. Ulaanbaatar Railways JSC
  11. TTGVCO LLC 
  12. ICIC LLC
  13. XasBank 
  14. State Bank
  15. APU JSC
  16. Mobicom Corporation LLC
  17. Wagner Asia Equipment LLC
  18. Gobi JSC
  19. Electric Transmission State-owned holding company
  20. Tsairt Mineral LLC
  21. Thiess Mongolia LLC
  22. Nomin Tav Trade LLC
  23. Tavantolgoi JSC
  24. Sod Mongol Group
  25. Mongolian Airlines (MIAT) state-owned company
  26. Ulaanbaatar Thermal power plant №4
  27. Redpath Mongolia LLC
  28. Development Bank of Mongolia
  29. Unitel LLC
  30. MCS Coca Cola LLC
  31. Ulaanbaatar Electricity Distribution Network JSC
  32. Shunkhlai LLC
  33. Boldtumur Eruu Gol LLC 
  34. Petrostar LLC
  35. Tavanbogd LLC
  36. Jacobs Engineering LLC
  37. Erdenes Mongol LLC
  38. Magnai Trade LLC   
  39. Mongolrostsvetmet state-owned enterprise
  40. Information and Communication Networking State-owned holding company
  41. Baganuur JSC
  42. APU Trading LLC
  43. Shin Shin LLC
  44. Darkhan Metallurgical Plant JSC
  45. Usukh Zoos LLC
  46. Capitron Bank
  47. Ulaanbaatar Thermal power plant №3
  48. Support Services Mongolia LLC
  49. Spirt Bal Buram LLC
  50. Nomin Trading LLC
  51.  Altain Khuder LLC  
  52. GCR Mongolia LLC
  53. Shunkhlai Trading LLC
  54. M-Oil Group LLC
  55. Erdenet Bulgan Electricity Distribution Network state-owned company
  56. Voltam LLC
  57. Tes Petroleum LLC
  58. COAL LLC
  59. Transwest Mongolia LLC
  60. MCS International LLC
  61. Eco Altan Zaamar LLC
  62. Skayhypermarket LLC
  63. SBB Trade LLC
  64. Altangadas Trade LLC
  65. Skytel LLC
  66. Univision LLC
  67. Ulaanbaatar Management LLC
  68. Gem International LLC
  69. Ulaanbaatar City Bank
  70. Monos Farm Trade LLC
  71. MonEnCo LLC
  72. Talkh Chikher JSC
  73. Qinhua MAK Nariin Sukhait LLC
  74. Minii Delguur LLC
  75. Mongol Tamkhi So LLC  
  76. Eco Construction LLC
  77. Petro China Tamsag LLC
  78. Nomin Holding LLC
  79. Tsement Shokhoi JSC
  80. Altan joloo Trade LLC
  81. MCS Asia Pacific Brewery LLC
  82. G-Mobile LLC
  83. MSM Group LLC
  84. Total Distribution LLC
  85. Blast LLC
  86. MCS Property LLC
  87. Donrod Busiin Erchim Khuchnii system state-owned company
  88. Monsul LLC 
  89. Monos Ulaanbaatar LLC
  90. Bayan Airag Exploration LLC
  91. Tavanbogd Foods LLC
  92. Goyo LLC
  93. NBIC LLC
  94. Epiroc Mongolia LLC 
  95. Monpolimet LLC
  96. Suu JSC
  97. Jur Ur LLC
  98. Altan Taria LLC
  99. Premium Industrial and Engineering LLC
  100. Oin Birj LLC