MIRA
INFORM REPORT
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Report Date : |
22.10.2007 |
IDENTIFICATION DETAILS
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Name : |
CV.
ANUGERAH BUMI NUSANTARA |
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Registered Office : |
Ruko
Villa Bukit Mas R.A. No. 24, (Komp.
Perkantoran Garmo Galeria Block C-6), Jalan Mayjen Sungkono, |
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Country : |
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Date of Incorporation : |
1994 |
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Legal Form : |
Partnership
with sleeping partner |
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Line of Business : |
General
Trading, Exporter and Importer of Agriculture 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$ 302,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name of Company
CV. ANUGERAH BUMI NUSANTARA
Address
Head Office
Ruko Villa Bukit Mas R.A. No. 24
(Komp. Perkantoran Garmo Galeria Block
C-6)
Jalan Mayjen Sungkono
Phones - (031) 5612777 (Hunting)
Fax -
(031) 5683311
E-mail -
abn_cv@dnet.net.id
Building Area - 3 storey
Office Space - 165 sq. meters
Region - Commercial
Status - Rent
Year of Established
1994
Legal Form
CV (Commanditaire
Venootschaap) or Partnership with sleeping partner
Company Reg. No.
The Ministry of Law and Human Rights
Not Required
Company Status
Domestic Private Company
Permit by the
Government Department
The Department of Trade
Not Available
Related Company
Not Available
CAPITAL AND
OWNERSHIP
Capital Structure :
Owned Capital - Rp. 1,500,000,000.-
Owners :
Mrs. Fina
Sencahero -
100%
BUSINESS ACTIVITIES
Lines of Business:
General Trading, Exporter and Importer
of Agriculture Products
Production Capacity
None
Total Investment
Not Available
Started Operation
1994
Brand Name
None
Technical
Assistance
None
Number of Employee
22 persons
Marketing Area
Domestic
(local) - 50%
Export - 50%
Main Customer
a. Local (Traditional
Market, Food and Beverages Industries, Agriculture products Stores, etc.)
b. Overseas (
Market Situation
Competitive
Main Competitors
a. P.T. JASA INDO
MAKMUR
b. P.T. ADI
SAMPOERNO
c. P.T. DAKAI
IMPEX
d. P.T. ALAM INDO
RAMA
e. C.V. BUMI DJAJA
f. P.T. ADI
SAMPOERNO
g. C.V. PUTRA NUSA
h. Etc.
Business Trend
Growing
BANKER, AUDITOR
& LITIGATION
Banker :
a. ABN
AMRO BANK NV.
Jalan
Pemuda No. 54
b. The Hongkong Shanghai Bank
Corporation Ltd.
Jalan Jend. Basuki Rachmat No. 106-128
c. P.T. Bank PERMATA Tbk.
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
FINANCIAL FIGURE
Annual Sales (estimated) :
2004 – Rp. 14.8 billion
2005 – Rp. 17.5 billion
2006 – Rp. 22.0 billion
2007 – Rp. 13.5 billion (January – June)
Net Profit :
2004 – Rp. 0.9 billion
2005 – Rp. 1.1 billion
2006 – Rp. 1.4 billion
2007 – Rp. 0.9 billion (January – June)
Payment Manner :
Average
Financial Comments :
Satisfactory
KEY EXECUTIVES
Board of
Management :
Director - Mrs. Fina Sencahero
Import Manager -
Ms. Erni S. Dewi
Board of
Commissioners :
Commissioner - None
Signatories
:
Director (Mrs.
Fina Sencahero) is the only authorized person to sign the loan on behalf of the
company.
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$ 302,000.- on the 90 days of payments
OVERALL PERFOMANCE
C.V. ANUGERAH BUMI NUSANTARA (C.V. ABN) was established in 1994 with the
status of C.V. (Commanditaire Vennootschap) or limited partnership by Mrs. Fina
Sencahero as active partner and other founder. As is normal with C.V.
companies, the company's capitalization at the time of its establishment is not
mentioned. C.V. ABN currently is estimated to have a capital of Rp 1.5 billion
which amount is much dependent on C.V. ABN's activities.
C.V. ABN is
dealing with trading, exporting and importing agriculture products. Ms. Erni S.
Dewi, import manger of the company, said that the activity volume of the
company is mostly dealing with trading and importing of agricultural products
such as groundnut kernels, blanched peanuts, shallots, onions, sesame seeds,
coriander seeds, star anise, soy bean meal, meat bone meal and rapeseed
extraction. The company import agriculture products from
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
The company is neither public listed nor bond issued company. Therefore,
the company has no obligation to publish financial statement publicly. We have
checked to Department of Trade and Industry and found that no financial
statement has been reported.
The management of C.V. ABN is
very reclusive towards outsiders and rejected to disclose its financial
condition. However, we estimated that total sales turnover of the company in
2004 amounted to Rp. 14.8 billion increased to Rp. 17.5 billion in 2005 and
rose again to Rp. 22.0 billion in 2006.
The operation of the company in 2006 is estimated to have gained a
profit of Rp. 1.4 billion with an estimated networth of Rp. 4.0 billion. It is forecasted that the total sales
turnover of the company will increase at least 8% in 2007. So far, we have never heard of C.V. ABN having been black listed by Bank
C.V. ABN's management is headed by Mrs. Fina Sencahero (44) who has
about 12 years of experience in general trading, export and import. The
experienced management is assisted by Ms. Erni S. Dewi as import manager and a
number of professional staff in the above business. They have wide relations
with private businessmen within and outside the country and with government
functionaries as well. We observed that management’s reputation in said
business is fairly good. The company has had wide relation in the realm of the
private businessmen inside and outside the country. Their relation with the
government is fairly good. So far, we have never heard that the company’s
management involved in a dirty business practice or detrimental cases that
settled in the country. The company’s litigation record is clean and it has not
registered with the black list of Bank of Indonesia.
We appraise C.V. ANUGERAH BUMI NUSANTARA to be quite good for normal
business transactions. In extending a loan to the company, we recommend to
treat prudently due to unstable economic condition in the country.
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%)