MIRA
INFORM REPORT
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Report Date : |
06.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
P.T. WAHANA
CHEMICAL INDONESIA |
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Registered Office : |
c/o Jalan Raya Pasar Minggu No. 8 Km. 18 RT. 001/ RW. 01,
Pejaten Barat, Pasar Minggu, Jakarta Selatan, 12510 |
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Country : |
Indonesia |
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Date of Incorporation : |
14 October 2005 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading, Export Import, Distribution of
Industrial Chemicals |
RATING &
COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
Name of Company
P.T. WAHANA CHEMICAL INDONESIA
Address
Head Office
c/o Jalan Raya
Pasar Minggu No. 8 Km. 18 RT. 001/ RW. 01
Pejaten Barat,
Pasar Minggu
Jakarta Selatan, 12510
Indonesia
Phone - Unknown
c/o Jalan R.S. Fatmawati No. 3
Cilandak
Jakarta Selatan
Indonesia
Phone - Unknown
Date of Incorporation
14 October 2005
Legal Form
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg. No.
The Ministry of Justice and Human Rights
No. W8-00389
HT.01.04.TH.2007
Dated 12 February
2007
Company Status
Private National Company
Permit by the Government
Department
The Department of Finance
NPWP No. 02.143.121.8-016.000
Related Company
None
CAPITAL AND OWNERSHIP
Capital Structure :
Authorized Capital
: Rp.
1,600,000,000.-
Issued Capital : Rp.
1,600,000,000.-
Paid up Capital : Rp.
1,600,000,000.-
Shareholders/Owners :
a. Mr. Errol Evert Christopher - Rp. 800,000,000.-
Address : Jl. Cawang III RT. 004/011
Kramat Jati, Jaakrta Timur
Indonesia
b. Mrs. Junilla Kartika Krisna - Rp. 800,000,000.-
Address : Jl. Kepa Duri J.1/234 RT. 002/008
Kebon Jeruk, Jakarta Barat
Indonesia
BUSINESS ACTIVITIES
Lines of Business:
Trading, Export Import, Distribution of
Industrial Chemicals
Production Capacity
None
Total Investment
None
Started Operation
October 2005 but
now the complete address is unknown
Brand Name
None
Technical Assistance
None
Number of Employee
Unknown
Marketing Area
Unknown
Main Customer
Unknown
Market Situation
Very Competitive
Main Competitors
a. P.T. EAC
INDONESIA
b. P.T. WADAH
MAKMURKENCANA
c. P.T. BENATO
ABADI
d. P.T. MAHKOTA
INDONESIA
e. Etc.,
Business Trend
No comment
BANKER, AUDITOR & LITIGATION
Bankers :
P.T. Bank CENTRAL ASIA Tbk
Jalan Raya Pasar
Minggu
Jakarta Selatan
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
FINANCIAL FIGURE
Annual Sales (estimated) :
None
Net Profit (Loss)
:
None
Payment Manner :
Unknown
Financial Comments :
Weak
KEY EXECUTIVES
Board of Management :
Director -
Mr. Errol Evert Christopher
Board of Commissioners :
Commissioner - Mrs. Junilla Kartika Krisna
Signatories :
Director (Mr. Errol Evert Christopher) which
must be approved by Supervisory Board.
CAPABILITIES
Management Capability :
Satisfactory
Business Morality
Satisfactory
Credit Risk
Very High
Credit Recommendation
Credit is not recommended
Proposed Credit Limit
C.O.D.
Maximum Credit Limit
No comment
OVERALL PERFOMANCE
P.T. WAHANA CHEMICAL INDONESIA (P.T. WCI) was established in Jakarta on 14 October 2005 with an authorized capital of Rp. 600,000,000 entirely issued and paid up. The founders and shareholders of the company are Mr. Errol Evert Christopher and Mrs. Junilla Kartika Krisna, both are Indonesian businessman of Chinese origin. The article of association has been changed. In January 2007, the authorized capital was increased to Rp. 1,600,000,000 entirely issued and paid up. The deed of amendment was made by Mr. Sigit Siswanto, SH., a public notary in Jakarta under Company Registration Number W8-00389 HT.01.04.TH. 2007, dated February 12, 2007.
Based to the notary deed, that P.T. WCI domicile is registered on Jalan Raya Pasar Minggu No. 8 Km. 18, Pejaten Barat, Pasar Minggu, South Jakarta, but after visited we did not found P.T. WAHANA CHEMICAL INDONESIA. We found that the address is registered P.T. INDONESIA MARINE, P.T. WAHANA CENTRA MOBILINDO and RAKAS ENTERTAINMENT. The above company has never heard of P.T. WAHANA CHEMICAL INDONESIA of the above address. Based to the latest notary deed and also from the Department of Industry and Trade that P.T. WAHANA CHEMICAL INDONESIA registered at Jalan R.S. Fatmawati No. 3, Cilandak, South Jakarta. But after we visited the address we found P.T. TOTAL LOGAM KREASI with telephone number 021-751 2879. One of P.T. TOTAL LOGAM KREASI, staff explained that they did not know about P.T. WAHANA CHEMICAL INDONESIA at all.
We have conduct investigation through P.T. TELKOM that the telephone number has yet not registered under the name of Mr. Errol Evert Christopher and Mrs. Junilla Kartika Krisna. According to the Directorate General of Tax, P.T. WCI dealing with trading, export-import and distribution of industrial chemicals. The company imports various kinds of industrial chemicals from overseas. But, our investigation to the above address has shown us that the company’s activity is not very active and there is no complete address.
It is very difficult for us to give a picture about P.T. WCI’s business prospect, because of the fact that business which is being carried out by P.T. WCI is not too clear and the address has also unknown. Considering, P.T. WCI’s business activity is not too clear and the complete address is also unknown, so the financial condition of the company is just as it’s paid up capital of Rp. 1,600,000,000 as stated in its article of association. Financially, the company is weak. The company’s management is led by Mr. Errol Evert Christopher (29), but he has not experience in the above business. Therefore, we suggest to protect careful for any proposed loan or business cooperation with the company by asking adequate personal guarantee from the shareholders.
RATING
EXPLANATIONS
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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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)