MIRA
INFORM REPORT
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Report Date : |
11.05.2007 |
IDENTIFICATION DETAILS
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Name : |
P. T.
STRAWBERINDO LESTARI |
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Registered Office : |
Jalan Benda No. 7C, Cilandak Timur, Pasar Minggu, |
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Country : |
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Date of Incorporation : |
2003 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Strawberries Plantations |
RATING & COMMENTS
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MIRAs 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$ 105,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Correct name of
company
P. T. STRAWBERINDO LESTARI
Address
Head Office
Jalan Benda No. 7C
Cilandak Timur,
Pasar Minggu
Phone -
(62-21) 7883 5140, 7883 5120
Fax. - (62-21) 7803075
Building Area - 2 storey
Office Space - 480 sq. meters
Region -
Status - Rent
Plantation
Cipanas
Date of Incorporation
2003
Legal Form
P.T. (Perseroan Terbatas)
or Limited Liability Company
Company Reg. No.
The Ministry of Law and Human Rights
No. C-13838
HT.01.04.TH.2006
Dated 12 May 2006
Company Status
Foreign Investment (PMA) Company
Permit by the
Government Department
The Department of
Finance
NPWP No. 02.173.584.0-017
Related Company
None
CAPITAL AND OWNERSHIP
Capital Structure :
Authorized Capital
: Rp.
6,000,000,000.-
Issued Capital : Rp.
6,000,000,000.-
Paid up Capital : Rp.
6,000,000,000.-
Shareholders/Owners :
a. Mr. ALLSEASONS HOLLAND B.V. - Rp. 5,790,000,000.-
Address :
VIC 3188,
b. Mrs. Brigitta
Hadianto Imam Rahayoe - Rp. 150,000,000.-
Address : Kondominium Kintamani Rt. 008
Rw. 007, Kel. Pela Mampang
c. Mr. Indriena
Yudhayanti Basarah -
Rp. 60,000,000.-
Address : Jl. Subang No. 10
Menteng,
BUSINESS ACTIVITIES
Lines of Business:
Strawberries Plantations
Production Capacity
Strawberries - 1.5
tons per month
Total Investment
a. Equity Capital - Rp.
6.0 billion
b. Loan Capital -
None
c. Total Investment - Rp.
6.0 billion
Started Operation
2003
Brand Name
Fruit ALLSEASONS
Technical Assistance
ALLSEASONS
Number of Employee
47 persons
Marketing Area
Domestic
(Local) - 95 %
Export - 5%
Main Customer
a. P.T. HERO SUPERMARKET
b. Hotels, Restaurant, TOTAL BUAH SEGAR
c. Bakery shops
Market Situation
Very Competitive
Main Competitors
a. P.T. BERRI
INDOSARI
b. P.T. IPI
SUNIJAYA
Business Trend
Growing
BANKER, AUDITOR &
LITIGATION
Banker :
a. P.T. Bank
Jalan Sunter Nirwana Asri II
Block A 4/55
Sunter Paradise,
b. P.T. Bank
RABOBANK INTERNATIONAL
Plaza 89
Jalan H.R. Rasuna
Said Kav. X-7/6
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
FINANCIAL FIGURE
Annual Sales (estimated) :
2004 Rp. 7.0
billion
2005 Rp. 7.5
billion
2006 Rp. 8.0
billion
Net Profit (Loss)
:
2004 Rp. 500 million
2005 Rp. 600 million
2006 Rp. 700 million
Payment Manner :
Average
Financial Comments :
Satisfactory
KEY EXECUTIVES
Board of
Management :
President Director - Mr. Johannes Adrianus Bijlmer
Director -
Mrs. Jeannette Hendrietta Bettina Nesvadba Bijlmer
Board of
Commissioner :
President Commissioner -
Mrs. Indriena Yudhayanti Basarah
Commissioner - Mrs. Brigetta Hadianto Imam
Rahayoe
Signatories
:
President
Director (Mr. Johannes Adrianus Bijlmer) or the Director (Mrs. Jeanette
Henrietta Bettina Nesvadba Bijlmer) which must be approved by Supervisory
Board.
CAPABILITIES
Management
Capability :
Good
Business Morality
Good
Credit Risk
Above
Credit Recommendation
Credit should be proceeded with monitor
Proposed Credit
Limit
Small amount
periodical review
Maximum Credit Limit
US$ 105,000 on 90 days D/A
OVERALL PERFOMANCE
P.T. STRAWBERINDO LESTARI (P.T. SL) was established in
P.T. SI has been operating since 2003 in the field of
strawberry plantation by manages a plantation site at Cipanas,
Generally,
demand for carbonated drinks, health drinks and fresh fruit juices has been
increasing in the last several years. The increasing population, public
purchasing power and public life pattern consuming health drinks are factors of
the rapidly increasing consumption of fruit juices. Besides, the lustrous
promotion of fresh juices on television has added knowledge and changed the
public behavior towards fresh fruit juices and health drinks. The competition
is very tight on account of lots of similar company operating in the court. The
business position of P.T. SL is appraised to be favorable for having
established regular customers and wide marketing networks in the country. The
growth of fresh fruit juice consumption is pictured on the following table:
The Growth of Capacity, Production and Utility of Juices in
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Type |
2003 Capacity (Ton) Production(Ton) Utility (%) |
2004 Capacity (Ton) Production
(Ton) Utility (%) |
2005 Capacity (Ton) Production (Ton) Utility (%) |
2006* Capacity (Ton) Production
(Ton) Utility (%) |
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Juices |
137.370 68.686 50.00 |
137.370 70.059 51.00 |
138.053 77.755 56.32 |
138.053 80.088 58.01 |
Source : The Department of Industry and Trade
*)
Projected
Until this time P.T. SL has not been registered with Indonesian
Stock Exchange, so that they shall not obliged to announce their financial
statement. The management of P.T. SL is very reclusive towards outsiders and
rejected to disclose its financial condition. However, we estimated that sales
turnover of the company in 2004 amounted to Rp. 7.0 billion went up to Rp. 7.5
billion in 2005 to Rp. 8.0 billion in 2006 and projected to be rising by at
least 10% in 2007. The operation of the company in 2006 is estimated to have
gained a profit of at least Rp. 700 million with an estimated networth of at
least Rp. 7.0 billion. We did not hear that the company has been black listed
by Bank
The management of P.T. SL is headed by Mr. Johannes Adrianus
Bijlmer (56), a professional manager from
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 SCs 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%)