MIRA
INFORM REPORT
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Report Date : |
05.09.2007 |
IDENTIFICATION DETAILS
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Name : |
P.T. TRIMAJU
BERSAMA |
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Registered Office : |
Jalan Outer Ring
Road, |
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Country : |
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Date of Incorporation : |
10 September 1997 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading, Import and Supplies of Food
Ingredients |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 59,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
Correct Name
of Company
P.T. TRIMAJU BERSAMA
Address
Head Office
Jalan Outer Ring
Road
Cengkareng
Phone -
(62-21) 5595 4325, 5595 6705
Fax. - (62-21) 5595 6707
E-mail - source@cbn.net.id
Building Area - 2 storey
Office Space - 600 sq. meters
Region -
Status - Rent
Date of Incorporation
10 September 1997
Legal Form
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg. No.
The Ministry of Justice and Human Rights
No.
C-UM.02.01.7765
Dated 16 April
2003
Company Status
Private Company
Permit by the
Government Department
The Directorate of General Tax
NPWP No. 1.781.570.5-041
The Department of Trade & Industry
TDP No. 09.01.1.5215116
Dated 23 October 2002
Related Company
None
CAPITAL AND OWNERSHIP
Capital Structure :
Authorized Capital
: Rp.
50,000,000.-
Issued Capital : Rp.
15,000,000.-
Paid up Capital : Rp.
15,000,000.-
Shareholders/Owners :
a. Mrs. Marwati Simon - Rp. 10,500,000.-
Address : Jl. Industri III Dalam No. 18
Rt. 006, Rw. 014, Kelurahan
Pademangan
Barat, Kecamatan Pademangan
b. Mr. Eddy Pianto Simon -
Rp. 4,500,000.-
Address
: Jl. Industri III Dalam No. 18
Rt. 006, Rw. 014, Kelurahan
Pademangan
Barat, Kecamatan Pademangan
BUSINESS ACTIVITIES
Lines of Business:
Trading, Import and Supplies of Food
Ingredients
Production Capacity
None
Total Investment
None
Started Operation
1998
Brand Name
None
Technical Assistance
None
Number of Employee
5 persons
Marketing Area
Local - 100%
Main Customers
a. P.T. OLAGA FOOD
b. P.T. INDOFOOF
SUKSES MAKMUR Tbk
c. The ORANG TUA
Group
d. The LAUTAN LUAS
Group
Market Situation
Very Competitive
Main Competitors
a. P.T. KAFINDO
CITRA RASA
b. P.T. QUEST
INTERNATIONAL
c. P.T. ESSENCE
d. P.T. PACHIRA
DISTRANUSA
Business Trend
Growing
BANKER, AUDITOR &
LITIGATION
Bankers :
P.T. Bank BUANA INDONESA Tbk
Jalan Muara Karang
Raya Block Y 3 No. 1
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
FINANCIAL FIGURE
Annual Sales (estimated) :
2004 – Rp. 3.7
billion
2005 – Rp. 4.0
billion
2006 – Rp. 4.5
billion
Net Profit (Loss)
:
2004 – Rp. 0.2 billion
2005 – Rp. 0.3 billion
2006 – Rp. 0.3 billion
Payment Manner :
Average
Financial Comments :
Satisfactory
KEY EXECUTIVES
Board of Management :
Director - Mr. Djong Juk Kim
Vice Director - Mrs. Marwati Simon
Board of Commissioners:
Commissioner -
Mr. Eddy Pianto Simon
Signatories :
Director (Mr. Djong Juk Kim) or Vice
Director (Mrs. Marwati Simon) which must be approved by Board of Commissioner
(Mr. Eddy Pianto Simon)
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$ 59,000.- on the 90 days of payments
OVERALL PERFOMANCE
P.T. TRIMAJU BERSAMA (P.T. TB) was established in
P.T. TB has been operating since 1998 engaged in the field of trading
and import of food ingredients. The merchandising goods such as food color,
coloring food, monosodium glumate (MSG) and other food ingredients is imported
from
The demand for ingredients and food ingredients and food seasoning
products has kept on rising by 9% to 10% per annum in the last three years in
line with the sustained growth in food and beverage processing industry in
Until this time P.T. TB 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.
3.7. billion, increase to Rp. 4.0 billion in 2005 to Rp. 4.5 billion in 2006.
The operation in 2006 yielded an estimated net profit by at least Rp. 300
million and the company has an estimated total net worth by at Rp. 500 million.
It is projected that total sales turnover of the company will increase at least
8% in 2007. We observe that P.T. TB is supported by financially fairly strong
behind it. So far, we did not hear that the company having been black listed by
the Central Bank (Bank
The management of P.T. TB is led by Mr. Djong Juk Kim (42) a
professional manager who has experienced for more than 5 years in the field of
trading, import and supplies of food ingredients. 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 did not 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. P.T. TRIMAJU BERSAMA
is fairly good for 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 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%)