MIRA
INFORM REPORT
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Report Date : |
26.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
SAVE THE CHILDREN |
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Registered Office : |
Jalan Brawijaya VIII No. 7 Kebayoran Baru Jakarta Selatan |
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Country : |
Indonesia |
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Date of Incorporation : |
1976 |
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Legal Form : |
International Organization |
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Line of Business : |
Non Profit Humanitarian Relief |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Name of Company
SAVE THE
CHILDREN
A d d r e s s
Head Office
Jalan Brawijaya
VIII No. 7
Kebayoran Baru
Jakarta Selatan
Indonesia
Phones - (62-21) 7279 9570, 7883 5556
Fax - (62-21) 7279 9571, 7883 5665
Building Area - 2 storey
Office Space - 200 sq. meters
Region - Commercial
Building
Status - Rent
Date of Incorporation
1976
Legal Form
International
Organization
Company Reg. No.
Not Required
Company Status
None
Permit by the Government
Department
None
Related Company
None
CAPITAL AND OWNERSHIP
Capital
Structure :
None
Owner :
SAVE THE CHILDREN of the USA
BUSINESS ACTIVITIES
Lines of
Business:
Non Profit
Humanitarian Relief
Production Capacity
None
Total Investment
None
Started Operation
1976
Brand Name
None
Technical Assistance
None
Number of Employee
15 persons
Marketing Area
None
Main Customer
None
Market Situation
None
Main Competitors
None
Business Trend
Growing
BANKER, AUDITOR & LITIGATION
B a n k e
r s :
P.T. Bank MANDIRI
Tbk
Plaza Mandiri
Jalan Jend. Gatot
Subroto Kav. 36-38
Jakarta Selatan
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
FINANCIAL FIGURE
Annual Sales
(estimated) :
None
Net Profit
(Loss) :
None
Payment Manner
:
Average
Financial Comments :
Satisfactory
KEY EXECUTIVES
Board of Management
:
Head of Missions -
a. Mr. Kevin Byrne
b. Mr. Mike Novel
Organization Person - Mr.
Maharani Hardjoko
Board of
Commissioner :
None
Signatories :
Head of Mission (Mr. Kevin Byrne or Mr.
Mike Novel) which must be approved by the partner meeting.
CAPABILITIES
Management
Capability :
Good
Business Morality
Good
Credit Risk
No comment
Credit Recommendation
No comment
Proposed Credit Limit
No comment
Maximum Credit Limit
No comment
OVERALL PERFOMANCE
SAVE THE CHILDREN presence in Indonesia spans some three decades –
dating back to 1976 and today is the largest country program. Their work in the
provinces of Nangroe Aceh Darusalam, North Sumatera, Jakarta, West Java,
Central Java, East Java, Yogyakarta, West Kalimantan and South Sulawesi
includes programs that improve the health of children and women, address child
exploitation and trafficking issues, enhance food security and nutrition,
increase the relevancy of junior secondary education and prepare families and
communities for emergencies.
SAVE THE CHILDREN is a leading non profit humanitarian relief and
development organization and is a member of the INTERNATIONAL SAVE the CHILDREN
Alliance, a global network of 27 independent Save the Children organizations
working to ensure the well-being and protection of children in more than 110
countries. Save the Children, by mobilizing citizens throughout the world,
envisions a world in which every child is ensured the right to survival, protection,
development and participation as set forth in the U.N. Convention on the Rights
of the Child. Mission : To create lasting, positive change in the lives of
children in need.
Indonesia has 76 million children, the fourth-largest child population in
the world. As a result of the development problems faced by the country,
children’s health and education are at risk – more than two million children
under age 5 are malnourished and nearly one-third between the age of 5 and 9
are not in school. Girls and boys also face other dangers, such as child
trafficking and child labor. Children under age 18 comprise 30 percent of all
sex workers in Indonesia. Save the Children’s programs address critical issues
to improve the lives of children and their families. They provide immediate
assistance as well as longer-term protection, empowering communities and
families to safeguard their children’s rights and ensure their futures.
Besides, Save the Children provides education, health, food security, economic
opportunities and others.
Save the Children has served the children and families of Indonesia for
three decades and today implements a full range of development and
post-disaster initiatives. The breadth and depth of their current programming,
coupled with strong working relationship with the government of Indonesia at
the national, provincial and district levels and extensive network of national
organizations, provides an excellent base to grow the programs for children and
to provide them with a brighter, more secure futures.
In Indonesia, SAVE THE CHILDREN is led by Mr. Kevin Byrne and Mr. Mike
Novel, both are of Head Mission. Daily, he assisted by Mr. Maharani Hardjoko,
as Organization Person. We observed that management’s reputation in said
international organization is sufficiently fairly good. The international
organization had wide relation in the realm of the government official within
and outside the country. So far, we did not hear that the organization’s
management involved in a dirty business practice or detrimental cases that
settled in the country. SAVE THE CHILDREN is sufficiently fairly good for
business transaction.
RATING
EXPLANATIONS
|
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%)