MIRA INFORM REPORT
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Report Date : |
10.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
P.T. MULIA WAHANA MANDIRI |
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Registered Office : |
c/o Jalan Koja RT. 05 RW. 03, Cisalak Pasar, Cimanggis, Depok, Bogor, West Java |
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Country : |
Indonesia |
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Year of Establishment : |
2004 |
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Com. Reg. No.: |
No.
AHU-05659.AH.01.02.Tahun 2008 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
General Trading and Supplies |
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 : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Name of Company
P.T. MULIA WAHANA MANDIRI
Address
Head Office
c/o Jalan Koja RT.
05 RW. 03
Cisalak Pasar,
Cimanggis
Depok, Bogor, West Java
Indonesia
Phone - Unknown
Region - Residence
Other
Address
Jl. Radar Auri No. 48 B,
Kp. Pedurenan, Cimanggis Depok
Bogor, West Java
Phone - Unknown
Region - Residence
Date of Incorporation
2004
Legal Form
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg.No.
The Ministry of
Justice and Human Rights
No.
AHU-05659.AH.01.02.Tahun 2008
Dated 5 February
2008
Company Status
Private National Company
Permit by the Government
Department
The Department of
Finance
NPWP No. 02.429.083.5-412.000
Related Company
None
CAPITAL AND OWNERSHIP
Capital Structure :
Authorized Capital
: Rp.
1,000,000,000.-
Issued Capital : Rp. 550,000,000.-
Paid up Capital : Rp. 550,000,000.-
Shareholders/Owners :
a. Mr. Irwanto - Rp.
385,000,000.-
Address : Pedurenan RT. 06 RW. 09
Pabuaran, Cibinong, Bogor
West Java, Indonesia
b. Mr. Thomas
Gunawan - Rp.
165,000,000.-
Address : Jl. Holis 147 RT. 005 RW. 007
Warung Muncang, Bandung
West Java
Indonesia
BUSINESS ACTIVITIES
Lines of
Business:
General Trading
and Supplies
Production Capacity
None
Total Investment
None
Started Operation
2004 but now the
address is unknown
Brand Name
None
Technical Assistance
None
Number of Employee
None
Marketing Area
Local - 100%
Main Customer
No Comment
Market Situation
Unknown
Main Competitors
Unknown
Business Trend
No comment
BANKER, AUDITOR & LITIGATION
Banker :
Unknown
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
FINANCIAL FIGURE
Annual Sales
(estimated) :
Unknown
Net Profit
(Loss) :
Unknown
Payment Manner
:
Unknown
Financial Comments :
Weak
KEY EXECUTIVES
Board of
Management :
Director
- Mr.
Irwanto
Board of
Commissioner :
Commissioner -
Mr. Thomas Gunawan
Signatories :
Director (Mr. Thomas Gunawan) which must
be approved by Board of Commissioners.
CAPABILITIES
Management Capability
:
Weak
Business Morality
Prudent
Credit Risk
Very High
Credit Recommendation
Not qualified for credit assessment
Proposed Credit Limit
Deposit or
Advance Payments
Maximum Credit Limit
No comment
OVERALL PERFOMANCE
Based to our investigation to the above address Jalan Radar Auri No. 48
B, KP. Pedurenan, Cimanggis, Bogor, West Java through P.T. TELKOM in Jakarta
and Bogor (West Java), explained that the above addressed or P.T. MULIA WAHANA
MANDIRI has yet not registered on the P.T. TELKOM information and Indonesian
Standard Book Directory. Besides,
based to the revision of notary deed the company address registered on Jalan
Koja RT. 05 RW. 03, cisalak Pasar, Cimanggis, Depok, Bogor, West Java, but the
telephone number has yet not registered on P.T. TELKOM.
Based to the company notary deed, P.T. MULIA WAHANA MANDIRI (P.T. MWM)
was established in Depok, Bogor, West Java in 2004 with the authorized capital
of Rp. 1,000,000,000 issued capital of Rp. 550,000,000 entirely paid up. The
founding shareholders of the company are Mr. Irwanto and Mr. Thomas Gunawan,
both are Indonesian businessmen of Chinese origins. The deed of amended was
made by Mr. Adri, SH, a public notary in Depok, under Company Registration
Number AHU-05659.AH.01.02.Tahun 2008, dated November 21, 2008.
Pursuant to the deed of notary of the company, PT. MWM dealing with
trading and exporter of agricultural commodities, general contracting, trading
and supplies, plantation, hatchery, land clearing, garment and textile
industry, freight forwarding services, custom clearance, logistic services,
custom brokerage services, trading and distribution, export import services,
industry, manufacturing, general trading such as trading of technical,
electrical, mechanical goods, and building material, and acting as supplier,
distributor, wholesaler and agent of the companies both inside or outside the
country. (Source Notary Deed of P.T. MWM). We didn’t know the complete line of
business of P.T. MWM due to the complete address of the company was not
found.
We refrain from informing business prospect of P.T. MWM because of
having yet know the complete address up to present. In view of having yet to be
unknown the complete address, the company’s financial condition is as much as
the company’s issued capital worth Rp. 550,000,000. We find that the company’s
financial condition still depends on the financial condition of its
shareholders being supported by the businessmen behind it.
Based to the company notary deed, the management of P.T. MWM is led by
Mr. Irwanto (44) as director and Mr. Thomas Gunawan (33) as a commissioner. The
management will eventually be handled by professional managers having wide
relation with overseas and national private businessmen as well as with the
government sectors. In view of P.T. MULIA WAHANA MANDIRI having yet to be
unknown the complete address, we recommend that a high degree of prudence be
observed in business transactions and an adequate collateral from its
shareholders be acquired in extending a new loan to the company.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
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%)