MIRA
INFORM REPORT
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Report Date : |
05.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
P.T. ADHITYA
NUANSA KHARISMA |
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Registered Office : |
Jl. Gading
Kirana Timur Block A 13 No. 30, Kelapa Gading, Jakarta Utara |
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Country : |
Indonesia |
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Date of Incorporation : |
04 July 2005 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
International Freight Forwarding Services |
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$ 61,800 |
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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. ADHITYA NUANSA KHARISMA
Address
Head Office
Jl. Gading Kirana
Timur Block A 13 No. 30
Kelapa Gading
Jakarta Utara -
Indonesia
Phones - (62-21) 4534677
(hunting)
Fax - (62-21)
4534680
Building Area - 3 storey
Office Space - 160 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation
04 July 2005
Legal Form
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg. No.
The Ministry of Law and Human Rights
No.
C-20908.HT.01.01.TH.2005
Dated 28 July 2005
Company Status
Domestic Private Company
Permit by the Government
Department
The Department of Finance
NPWP No. 02.388.460.4-043.000
Related Company
Not Available
CAPITAL AND OWNERSHIP
Capital Structure :
Authorized Capital
: Rp. 1,000,000,000.-
Issued Capital : Rp. 500,000,000.-
Paid up Capital : Rp. 500,000,000.-
Shareholders/Owners :
a. Mr. Reoberto V. Burnama - Rp. 300,000,000.-
Address : Jl. Flamboyan No.
56
Depok, West Java
b. Mr. Gunawan Yusuf - Rp. 200,000,000.-
Address ; Jl. Ubi No. 117 B
Kel Mangga
Besar
Jakarta Barat
BUSINESS ACTIVITIES
Lines of Business:
International Freight Forwarding Services
Production Capacity
None
Total Investment
a. Equity Capital - Rp.
500 million
b. Loan Capital - Rp.
0 million
c. Total
Investment -
Rp. 500 million
Started Operation
2005
Brand Name
None
Technical Assistance
None
Number of Employee
14 persons
Marketing Area
Domestic -
100%
Main Customer
- Textile and Garment
Industries
- Food and
Beverages Industries
- Agriculture
Product Industries
- Etc.
Market Situation
Competitive
Business Trend
Growing
BANKER, AUDITOR & LITIGATION
Bankers :
a. P.T. Bank INTERNASIONAL INDONESIA Tbk
Wisma Eka Jiwa, 6th Floor
Jl. Manga Dua Raya
Jakarta Barat
b. P.T. Bank
Negara Indonesia Tbk.
Kelapa Gading Branch
Jakarta Timur
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
FINANCIAL FIGURE
Annual Sales (estimated) :
2005 Rp. 1.9
billion
2006 Rp. 4.2
billion
2007 Rp. 3.0
billion (January June)
Net Profit (Loss)
:
2005 Rp. 80 million
2006 Rp. 220 million
2007 Rp. 260 million (January June)
Payment Manner :
Average
Financial Comments :
Satisfactory
KEY EXECUTIVES
Board of
Management :
Director -
Mr. Roberto V. Burnama
Board of Commissioner :
Commissioner - Mr. Gunawan Yusuf
Signatories :
Director (Mr.
Roberto V. Burnama) which must be approved by Board of Commissioner (Mr.
Gunawan Yusuf)
CAPABILITIES
Management
Capability :
Good
Business Morality
Good
Credit Risk
Average
Credit Recommendation
Credit can be proceeded with monitor
Proposed Credit Limit
Small amount
periodical review
Maximum Credit Limit
US$ 61,800.- on the 90 days of payments
OVERALL PERFOMANCE
P.T. ADHITYA NUANSA KHARISMA (P.T. ANK) was established on July 4, 2005 with an authorized capital of Rp 1,000,000,000.-, ow which Rp 500,000,000.- was issued and fully paid up. The founding shareholders of the company are Mr. Ropberto V. Burnama and Mr. Gunawan Yusuf, both are Indonesian businessmen of Chinese extraction. No changes have occurred in the capital structures and shareholder composition of the company to date. The notary deed of the company was made by Ms. Ingrid Lannywati, SH., a public notary in Jakarta under Company Registration Number C-20908.HT.01.01.TH.2005, dated July 28, 2005.
P.T. ANK has been in commercial operation since August 2005 dealing with international freight forwarding services. The company provides all activities required in the delivering and receiving of goods through land, sea and air covering activities of receiving, storing, sorting, marking, seizing, weighing, collecting debts and others related with goods dispatching until they are received by proper receivers. In its activities, P.T. ANK has wide operational networks within and outside the country. A staff of the company said that the company is also an agent of several freight forwarding services companies from several countries including Denmark, Singapore, Malaysia, Middle East, Europe, Australia, Japan and others. It was further explained that the company generally serves seaport document handling and dispatching of various goods including agricultural products, industrial products like textiles, garments, canned food, electronic goods and components, industrial machinery spare parts, mining products and others for either export or import destinations.
We observed that P.T. ANK is classified as a small sized company in the country dealing with international freight forwarding services of which the operation had been running smoothly and growing up to mid-2007.
Generally, local demand for international freight forwarding services had been increasing by 7% to 8% per annum up to mid 1997 having close relation with the growing activities of export and import, inter-island trading as consumers. However, the economic crisis in the country 1997 and tight money policy imposed by Bank Indonesia had caused the demand to decline up to end 2000 and started increasing since 2001 in line with the amelioration of the economic condition in the country. Meanwhile, the competition is very tight on account of lots of similar companies operating in the country. The business position of P.T. ANK is favorable for having established regular customer and wide marketing networks with and outside the country. We believe that P.T. ANK is in position to thrive its business in the future.
The company is neither public listed nor bond issued company. Therefore, the company has no obligation to publish financial statements publicly. We have checked to Department of Trade and Industry and found that no financial statement has been reported. We estimated that total sales turnover of P.T. ANK in 2005 amounted to Rp. 1.9 billion soared to Rp. 4.2 billion in 2006 to and projected to be rising by at least 15% in 2007. The operation of the company in 2006 is estimated to have gained a net profit of Rp. 220 million with a total networth of Rp. 1.5 billion. So far we have never heard that P.T. ANK has been black listed by Bank Indonesia (central bank) or detrimental cases being settled in local district court. The company has a punctual payment manner within 1 to 3 months.
The management of P.T. ANK is headed by Mr. Roberto V. Burnama (43), a young businessman with broad experience in international freight forwarding services. In his daily activities, he is assisted by Mr. Gunawan Yusuf (50) as commissioner and a number of professional managers in this business. The management has maintained a wide business relation with private businessmen at home and abroad.
P.T. ANK is appraised to be good for normal business transaction. However, in view of the unstable economic condition in the country, we recommend to treat prudently in extending a loan to the company.
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 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%)