MIRA
INFORM REPORT
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Report Date : |
07.06.2007 |
IDENTIFICATION DETAILS
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Name : |
P.T. GLOBAL VISION IMPEX |
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Registered Office : |
Jalan Raya Bekasi Km. 20, Kelurahan Pengangsaan Dua,
Pulogadung, |
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Country : |
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Date of Incorporation : |
19 September 1998 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading and Exporter of Agricultural Products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 1,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Name of Company
P.T. GLOBAL VISION IMPEX
Address
Head Office &
Warehouse
Jalan Raya Bekasi
Km. 20
Kelurahan
Pengangsaan Dua, Pulogadung
Phone -
(62-21) 4614080 (Hunting)
Fax. - (62-21) 4602884
E-mail - sandeep@indo.net.id
Website - http :
//www.ptgvi.com
Land Area - 2,200 sq.
meters
Factory Space - 1,000 sq. meters
Region - Industrial
Zone
Status - Rent
Date of Incorporation
19 September 1998
Legal Form
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg. No.
Pending
Company Status
Foreign Investment (PMA) Company
Permit by the
Government Department
The Department of Finance
NPWP No. 01.869.802.7-056.000
The Capital Investment Coordinating Board
- No. 547/I/PMA/1998
Dated 14 September 1998
- No. 1662/III/PMA/1998
Dated 23 September 1998
- No. 1749/III/PMA/2000
Dated 27 November 2000
Related Company
None
CAPITAL AND OWNERSHIP
Capital Structure :
Authorized Capital
: US$
150,000.-
Issued Capital : US$
100,000.-
Paid up Capital : US$
100,000.-
Shareholders/Owners :
a. HEADAWAY TRADING Limited - US$ 99,900.-
Address : Post Office Box 957
Offshore Incorporations
Centre
b. TALFORD HOLDINGS Limited - US$ 100.-
Address : Post Office Box 71
Craigmuir Chambers,
Tortola,
BUSINESS ACTIVITIES
Lines of Business:
Trading and Exporter of Agricultural
Products
Production Capacity
As per order
Total Investment
a. Equity Capital - US$ 100,000.-
b. Loan Capital - US$
200,000.-
c. Total
Investment -
US$ 300,000.-
Started Operation
1999
Brand Name
None
Technical Assistance
None
Number of Employee
100 persons
Marketing Area
Export - 100%
Main Customer
Buyer in
Market Situation
Very Competitive
Main Competitors
a. P.T.
b. P.T. ALAM
INDORAMA
c. C.V. BUMI DJAJA
d. C.V. JAYA
BERSAMA
e. C.V. PUTRA NUSA
Business Trend
Growing
BANKER, AUDITOR &
LITIGATION
Bankers :
a. Hongkong and Shanghai Banking Corp. Ltd.
Jalan Jend. Sudirman Kav.
29-31
b. P.T. Bank NIAGA Tbk
Kelapa Gading,
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
FINANCIAL FIGURE
Annual Sales (estimated) :
2004 – Rp. 67.0
billion
2005 – Rp. 70.0
billion
2006 – Rp. 76.0
billion
Net Profit (Loss)
:
2004 – Rp. 4.0 billion
2005 – Rp. 4.2 billion
2006 – Rp. 4.5 billion
Payment Manner :
Average
Financial Comments :
Satisfactory
KEY EXECUTIVES
Board of
Management :
President Director - Mr. Sidharth Tekriwal
Director -
Mr. Sandeep Tekriwal
Board of
Commissioners :
None
Signatories
:
President
Director (Mr. Sidharth Tekriwal) or the Director (Mr. Sandeep Tekriwal) which
must be approved by the Supervisory Board.
CAPABILITIES
Management
Capability :
Good
Business Morality
Good
Credit Risk
Average
Credit Recommendation
Credit should be proceeded with monitor
Proposed Credit
Limit
Small amount –
periodical review
Maximum Credit Limit
US$ 1,000,000.- on the 90 days of payments
OVERALL PERFOMANCE
P.T. GLOBAL VISION IMPEX (P.T. GVI) is a joint venture
enterprise established in Jakarta on 19 September 1998 with an authorized
capital of US$ 150,000.- issued capital of US$ 100,000.- entirely paid up. The
founding shareholders of the company originally are Mr. Sidharth Tekriwal and
his wife Mrs. Neeti Tekriwal, both are of
P.T. GVI operates under the framework of Foreign Investment
(PMA) facilities in trading and export of agricultural products. P.T. GVI has
been operation since 1997 and exporter of spices and agro commodities like
betel nut or areca nut, mace, nutmeg and other agro commodities. The
agricultural products likes nutmeg, mace, clove, gambier, gumcopal, damar batu,
gum dabur, long pepper, cubed cassia, star, betel nut (areca nut) aniseed &
various consumer goods of Indonesia origin. The agricultural product bought
from farmer in Java, North Sumatera, West Sumatera, Jambi, South Sumatera,
Lampung, Java, Sulawesi, and others
We have noticed that the demand for agricultural products had
increased some 10% to 11% per annum in the last five years in line with the
growth of industrial manufacturing in the country and international market. In
the coming years, the growth rate of demand is estimated at about 6% to 7% per
annum. The present market situation for agricultural products is very
competitive for a large number of similar companies operating in the country.
Meanwhile, competition is quite heavy in the export import of agricultural
products with many companies now doing business in this field in
Until this time P.T. GVI has not been registered with
Indonesian Stock Exchange, so that they shall not obliged to announce their
financial statement. We observed that total sales turnover of the company in
2004 amounted to Rp. 67.0 billion increased to Rp. 70.0 billion in 2005 and to
Rp. 76.0 billion in 2006. The operation in 2006 yielded an estimated net profit
at least Rp. 4.5 billion and the company has an estimated total networth at
least Rp. 11.5 billion. It is projected that total sales turnover of the
company will increase at least 7% in 2007. We observe that P.T. GVI is backed
up by financially strong foreign partner behind it. So far, we have never heard
of the company having been black listed by the Central Bank (Bank
The management of P.T. GVI is led by Mr. Sidharth Tekriwal
(33), a professional manager of
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/normal. |
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%)