MIRA
INFORM REPORT
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Report Date : |
19.09.2007 |
IDENTIFICATION DETAILS
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Name : |
P.T. SAHID
MEGATRONIK PERKASA |
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Registered Office : |
Jalan Pangeran Jayakarta 141 Block B-26, |
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Country : |
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Date of Incorporation : |
1992 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading and Distribution of
Telecommunication System Contractor and Supplier |
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$ 390,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name of Company
P.T. SAHID MEGATRONIK PERKASA
Address
Head Office
Jalan Pangeran
Jayakarta 141 Block B-26
Phone -
(62-21) 600 9460, 659 2035
Fax. - (62-21) 659 7388
E-mail - sales@sahidmp.com
Building Area - 2 storey
Factory Space - 220 sq. meters
Region -
Status - Rent
Date of Incorporation
1992
Legal Form
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg. No.
The Ministry of Justice and Human Rights
No.
C-UM.02.01.9502
Dated 8 June 2006
Company Status
National Private Company
Permit by the
Government Department
The Directorate General of Tax
NPWP No. 01.604.373.9-021.000
The Department of Trade
SIUP/TDUP No. 290/10.108/P/09-01/PM/IX/2000
Dated 14 September 2000
Related Company
None
CAPITAL AND OWNERSHIP
Capital Structure :
Authorized Capital
: Rp. 500,000,000.-
Issued Capital : Rp.
200,000,000.-
Paid up Capital : Rp.
200,000,000.-
Shareholders/Owners :
a. Mr. Yulianto -
Rp. 160,000,000.-
Address :
Rt. 001/ 014, Jakamulya
Bekasi Selatan,
b. Mrs.
Megawati Wijaya -
Rp. 40,000,000.-
Address :
Rt. 005/ 010, Srengseng
BUSINESS ACTIVITIES
Lines of Business:
Trading and Distribution of
Telecommunication System Contractor and Supplier
Production Capacity
None
Total Investment
None
Started Operation
1995
Brand Name
ZYXEL
Technical Assistance
None
Number of Employee
25 persons
Marketing Area
Domestic - 100%
Main Customer
Telecommunication
Operator, Oil Company and Private company
Market Situation
Very Competitive
Main Competitors
a. P.T. SATKOMINDO
MEDIYASA
b. P.T. PANORAMA
TIMUR JAYA
c. P.T. BACCARA
INDAH PRIMA
d. P.T. ANEKA
SPRING TELEKOMINDO
e. P.T. ALVARID
MAS
f. Etc.,
Business Trend
Growing
BANKER, AUDITOR &
LITIGATION
Bankers :
a. The Hongkong and Shanghai Banking Corp. Ltd.
Jalan Jend. Sudirman Kav. 29-31
b. P.T. Bank
Jalan Pangeran Jayakarta
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
FINANCIAL FIGURE
Annual Sales (estimated) :
2004 – Rp. 25.0
billion
2005 – Rp. 27.0
billion
2006 – Rp. 30.0
billion
Net Profit (Loss)
:
2004 – Rp. 1.5 billion
2005 – Rp. 1.6 billion
2006 – Rp. 1.8
billion
Payment Manner :
Average
Financial Comments :
Satisfactory
KEY EXECUTIVES
Board of Management :
Director - Mr. Ir. Yulianto
Board of Commissioners :
Commissioner - Mrs. Megawati Wijaya
Signatories :
Director (Mr. Ir. Yulianto) which must
be approved by 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$ 390,000.- on the 90 days of payments
OVERALL PERFOMANCE
P.T. SAHID MEGATRONIK PERKASA (P.T. SMP) was established in
1992 in
P.T. SMP had been operating since 1995 in trading and
distribution of telecommunication system construction and supplies. The
merchandising good such as wireless, IP-DSLAM, DSL-CPE, e-MSTP, L3-Switch,
Outdoor Cabinet, V5000, and others product. The whole products is imported from
the
In general, we observed that demand against of
telecommunication equipment and total document management services, including
printing, enveloping and developing services has grown up about 6% until 7% per
year in the past five years. This matter is closely connected with the growing
of telecommunication, banking, electricity business sectors and others.
Pursuant to Statistical Center Bureau (BPS), growing rate of Indonesian economy
in 2003 was 4.72%, rose to be 5.05% in 2004 and rose again to be 5.60% in 2005.
It is estimated that such growing rose again to be 5.61% in 2006. For details,
please see Gross Domestic Production (GDP) table of
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Description (Business Sector) |
2003 |
2004 |
2005 |
2006 |
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Agriculture, husbandry, forestry
and |
240,387.3 |
248,222.8 |
254,391.3 |
268,128.4 |
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Mining and quarrying |
167,603.8 |
160,100.4 |
162,642.0 |
165,569.5 |
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Preparation Industries |
441,754.9 |
469,952.4 |
491,699.5 |
517,267.9 |
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Electricity, Gas and Clean Water |
10,349.2 |
10,889.8 |
11,596.6 |
12,559.1 |
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Construction |
89,621.8 |
96,333.6 |
103,403.8 |
110,403.8 |
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Trading, Hotel and Restaurant |
256,516.6 |
271,104.9 |
294,396.3 |
317,359.2 |
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Transportation and Communication |
85,458.4 |
96,896.7 |
109,467.1 |
124,245.1 |
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Financing, Leasing and Coy.
Services |
140,374.4 |
151,187.8 |
161,959.6 |
162,364.5 |
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Other Services |
145,104.9 |
152,137.3 |
159,990.7 |
169,750.1 |
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Gross Domestic Production (GDP) |
1,577,171.3 |
1,656,825.7 |
1,749,546.9 |
1,847,647.6 |
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Economic Growth (%) |
4.72 |
5.05 |
5.60 |
5.61 |
Source : Central
Bureau of Statistic
Competition is very tight because there are many companies carried
out business in the same business field especially in the
Until this time P.T. SMP has not been registered with Indonesian
Stock Exchange, so that they shall not oblige to announce their financial
statement. We observed that total sales turnover of the company in 2004
amounted to Rp. 25.0 billion increased to Rp. 27.0 billion in 2005 and to Rp.
30.0 billion in 2006. The operation in 2006 yielded an estimated net profit at
least Rp. 1.8 billion and the company has an estimated total net worth at Rp.
4.0 billion. It is projected that total sales turnover of the company will
increase at least 7% in 2007. We observe that P.T. SMP is supported by
financially fairly strong 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. SMP is led by Mr. Ir. Yulianto (44) with
17 years of experience in trading, distribution of telecommunication system
installation and supplies. He is graduated 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. |
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%)