MIRA
INFORM REPORT
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Report Date : |
28.09.2007 |
IDENTIFICATION DETAILS
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Name : |
P.T. ARISTA
PRATAMA JAYA |
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Registered Office : |
Jalan Tebet Barat Dalam Raya No. 35, |
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Country : |
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Date of Incorporation : |
1982 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Engineering and Contracting Services. |
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$ 300,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
Name of Company
P.T. ARISTA PRATAMA JAYA
Address
Head Office
Jalan Tebet Barat
Dalam Raya No. 35
Phone -
(62-21) 8302150 (Hunting), 8131807008
Fax. -
(62-21) 8314377
E-mail - arista@cbn.net.id
Website - http :
//www.arista.co.id
Building Area -
2 storey
Building Space -
300 sq. meters
Region -
Status - Rent
Date of
Incorporation
1982
Legal Form
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg. No.
The Ministry of Justice and Human Rights
No. C-UM.02.01.14061
Dated 23 September 2005
Company Status
National Private Company
Permit by the
Government Department
The Directorate General of Tax
NPWP No. 01.317.780.3-015.000
Related Company
None
CAPITAL AND
OWNERSHIP
Capital Structure :
Authorized Capital
: Rp.
100,000,000.-
Issued Capital : Rp.
100,000,000.-
Paid up Capital : Rp.
100,000,000.-
Shareholders/Owners :
a. Mr. Terianto Kariono - Rp. 27,500,000.-
Address : Jl. Kartika Alam III/5
b. Mr. Suharjono Sutanto - Rp. 27,500,000.-
Address : Jl. Kembang Block K.2/12
c. Mrs. Ratna Soetrisno - Rp. 27,500,000.-
Address : Jl. Kartika Alam III/5
d. Mrs. Indriati Lazuardi - Rp. 17,500,000.-
Address : Jl. Kebon Raya 1 Block A.6/6
BUSINESS ACTIVITIES
Lines of Business:
Engineering and Contracting Services
Production Capacity
None
Total Investment
None
Started Operation
1982
Brand Name
None
Technical
Assistance
None
Number of Employee
23 persons
Marketing Area
Local - 100%
Main Customer
Industrial Manufacturing such as P.T.
Market Situation
Very Competitive
Main Competitors
a. P.T. JAYA
TEKNIK
b. P.T. TATA
SOLUSI PRATAMA
c. P.T. ITU AIRCON
d. P.T. SATYAMITRA
SURYA PERKASA
e. Etc.,
Business Trend
Growing
BANKER, AUDITOR
& LITIGATION
Bankers :
a. P.T. Bank
Jalan Bukit Duri
Jatinegara,
b. P.T. Bank
DANAMON
Jalan Tebet Barat Dalam Raya
c. P.T. Bank
MANDIRI Tbk
Jalan Matraman Raya
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
FINANCIAL FIGURE
Annual Sales/Revenue (estimated) :
2004 – Rp. 22.0
billion
2005 – Rp. 23.2
billion
2006 – Rp. 24.5
billion
Net Profit
(estimated) :
2004 – Rp. 1.5 billion
2005 – Rp. 1.6 billion
2006 – Rp. 1.7 billion
Payment Manner :
Average
Financial Comments :
Satisfactory
KEY EXECUTIVES
Board of Management :
President Director - Mr. Suharjono Sutanto
Director - Mrs. Ratna Soetrisno
Board of Commissioners :
President Commissioner -
Mr. Terianto Kariono
Commissioner - Mrs. Indriati Lazuardi
Signatories :
President Director (Mr. Suharjono
Sutanto) or the Director (Mrs. Ratna Soetrisno) 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$ 300,000 on 90 days D/A
OVERALL PERFOMANCE
P.T. ARISTA PRATAMA JAYA (P.T. APJ) was established in
P.T. APJ has been in operation since 1982 dealing engineering
and contracting services. The main line of business is technical services,
especially in the field of mechanical, electrical and air conditioning
installation system. Besides, the company also acted as dealer of Carrier Air
Conditioning, Trane, Mitsubishi Air Conditioning, Hitachi Air Conditioning,
ITUAIRCON Air Conditioning, Mc. Quay and other brands. Mr. Devri Arif,
marketing staff of the company disclosed that product like Air Curtain with
ACME brand is imported from
The demand for air conditioning, electrical mechanical and fire
alarm system had been increasing in the last five years in line with the
construction and engineering industry in
Until this time P.T. APJ has not been registered with
Indonesian Stock Exchange, so that they shall not obliged to announce their
financial statement. We observed that total revenue of the company in 2004
amounted to Rp. 22.0 billion increased to Rp. 23.2 billion in 2005 to Rp. 24.5
billion in 2006. It is projected that total sales turnover of the company will
be higher by at least 6% in 2007. We estimated the company has yielded a net
profit of at least Rp. 1.7 billion in 2006 with an estimated total networth at
least Rp. 5.5 billion. The financial condition of the
company is backed up by financially strong and sound businessmen 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. APJ is headed by Mr. Suharjono Sutanto (58), a professional and businessman with has experienced for more than 20 years in engineering and contracting services especially in the filed of mechanical, electrical and air conditioning installation system. We observed that management’s reputation in said business is fairly good. The management of the company is handled by experienced professional manager having wide relation with private businessmen of home and overseas as well as with the government sectors. So far, we did not hear 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. ARISTA PRATAMA JAYA 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%)