MIRA
INFORM REPORT
|
Report Date : |
16.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
P.T. KEMBAR PUTRA MANDIRI |
|
|
|
|
Registered Office : |
Jalan Olimpia No. 194,
Medan, North Sumatera |
|
|
|
|
Country : |
Indonesia |
|
|
|
|
Date of Incorporation : |
05.02.2008 |
|
|
|
|
Com. Reg. No.: |
AHU-11501.AH.01.01.TAHUN 2008 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Trading and Distribution of Fresh Fruits |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
New and Small Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
Name of Company
P.T. KEMBAR PUTRA MANDIRI
A d d r e s s
Head Office
Jalan Olimpia No.
194
Medan
North Sumatera
Indonesia
Phone - (62-61) 451 1557
Fax - (62-61) 455 5557
Building Area - 2 storey
Office Space - 300 sq. meters
Region - Commercial
Building
Status - Rent
Warehouse
Jalan M.G.
Manurung No. 98 A
Kelurahan Timbang
Deli
Medan
North Sumatera
Indonesia
Phone - (62-61) 788 2742
Fax - (62-61) 788 2348
Land Area - 800 sq. meters
Building Area - 600 sq. meters
Region - Industrial
Zone
Status - Rent
Date of Incorporation
5 February 2008
Legal Form
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg. No.
The Ministry of Law and Human Rights
No.
AHU-11501.AH.01.01.TAHUN 2008
Dated 10 March
2008
Company Status
Private National
Company
Permit by the Government
Department
Not Available
Related Company
None
CAPITAL AND OWNERSHIP
Capital
Structure :
Authorized
Capital : Rp.
1,200,000,000.-
Issued Capital : Rp. 300,000,000.-
Paid up Capital : Rp. 300,000,000.-
Shareholders/Owners
:
a. Mr. Alex -
Rp. 165,000,000.-
Address : Jl. Aceh Baru No. 39
Kelurahan Pandau Hilir,
Medan
North Sumatera
Indonesia
b. Mr. Muchsin Tanutama -
Rp. 135,000,000.-
Address : Jl. Sunyat Sen No. 32-A/76
Kelurahan Pandau Hilir,
Medan
North Sumatera
Indonesia
BUSINESS ACTIVITIES
Lines of
Business:
Trading and
Distribution of Fresh Fruits
Production Capacity
None
Total Investment
None
Started Operation
March 2008
Brand Name
None
Technical Assistance
None
Number of Employee
9 persons
Marketing Area
Domestic
(Local) - 100%
Main Customer
Trader and Shop
of Fruits
Market Situation
Very Competitive
Main Competitors
a. P.T. LARIS
MANIS
b. P.T. ANEKA
PRIMA SEGAR
c. TOTAL BUAH
SEGAR
d. TOP BUAH SEGAR
e. Etc.,
Business Trend
Growing
BANKER, AUDITOR & LITIGATION
B a n k e
r s :
P.T. Bank CENTRAL
ASIA Tbk
Jalan Pemuda No.
28
Medan, North
Sumatera
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
FINANCIAL FIGURE
Annual Sales
(estimated) :
2007 – None
Net Profit
(Loss) :
2007 – None
Payment Manner
:
Average
Financial Comments :
Satisfactory
KEY EXECUTIVES
Board of
Management :
Director
- Mr. Alex
Board of
Commissioner :
Commissioner -
Mr. Muchsin Tanutama
Signatories :
Director (Mr. Alex ) which must be
approved by Board of Commissioners.
CAPABILITIES
Management
Capability :
Satisfactory
Business Morality
Satisfactory
Credit Risk
Above Average
Credit Recommendation
Credit should be extended under guarantee
Proposed Credit Limit
C.O.D. To small
amount
Maximum Credit Limit
No comment
OVERALL PERFOMANCE
P.T. KEMBAR PUTRA MANDIRI (P.T. KPM) was established in Medan, North
Sumatera on 5 February 2008 with the authorized capital of Rp. 1,200,000,000
issued capital of Rp. 300,000,000 entirely paid up. The founding shareholders
of the company are Mr. Alex and Mr. Muchsin Tanutama, both are Indonesian
businessmen of Chinese origins. The deed of amended was made by Mrs. Farida
Hanum, SH, a public notary in Medan, under Company Registration Number
AHU-11501.AH.01.01.TAHUN 2008, dated March 10, 2008.
P.T. KPM has been in operation since March 2008 in fresh fruit trading
and distribution. Mr. Charles, the company's marketing staff, said the products
being sold are fresh fruit like pears, apples, grapes, Sunkist etc., imported
by P.T. KPM from Australia, the USA, and other countries. He explained the
company imported oranges from China. The company supplies the above products to
several fruit stores, grocery fruits and supermarkets in Medan, Pematang
Siantar, and surroundings. We find that P.T. KPM is still classified as a
small-sized company of its kind in the
country of which the operation is still relatively new growing.
We note that generally the domestic demand for fruit has been rising by about
9% - 10% per year in the last five years in line with the growing population
and increasing income of part of the population in the country. The demand is
projected to go on rising each year in the next five years. Meanwhile, competition
is quite heavy in the fruit trade with many companies now doing business in
this field in Indonesia. We consider P.T. KPM to be in a quite favorable
position for having already got hold of a steady clientele in North Sumatera.
Considering that P.T. KPM has just newly been in operation, the
company’s financial condition is as much as the company’s issued capital worth
Rp. 300,000,000. We find that the company’s financial condition still depends
on the financial condition of its shareholders being supported by the
businessmen behind it. So far, we did not heard that the company having been
black listed by the Central Bank (Bank Indonesia). Besides, the company usually pays its debts punctually to suppliers.
The company is led by Mr. Alex (43), a businessman and professional
manager with has experienced for more than 5 years in the field of trading and
distribution of fresh fruits. We observed that management’s reputation in said
business is sufficiently fairly good. The company has had wide relation in the
realm of the private businessmen within and outside the country. 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. KEMBAR PUTRA MANDIRI is sufficiently 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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)