MIRA INFORM REPORT

 

 

Report Date :

06.12.2011

 

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.:

No. AHU-11501.AH.01.01.TAHUN 2008

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Trading and Distribution of Fresh Fruits

 

 

No. of Employees :

9 persons

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

US$ 71,000

Status :

Small Company

Payment Behaviour :

No Complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Indonesia

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Name of Company 

 

P.T. KEMBAR PUTRA MANDIRI

 

 

Address

 

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

 

 

Registration data

 

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) :            

2008 – Rp. 3.8 billion

2009 – Rp. 4.5 billion

2010 – Rp. 5.4 billion

2011 – Rp. 3.2 billion (January – June)

 

Net Profit (estimated)) :                 

2008 – Rp. 190 million

2009 – Rp. 225 million

2010 – Rp. 270 million

2011 – Rp. 166 million (January – June)

 

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 :

Average

 

Credit Recommendation :

Credit should be proceeded with monitor

 

Proposed Credit Limit :

Small amount – periodical review

 

Maximum Credit Limit :

US$ 71,000 on the 90 days of payments

 

 

OVERALL PERFORMANCE

 

P.T. KEMBAR PUTRA MANDIRI (P.T. KPM) was established in Medan, North Sumatera based on notary deed of Mrs. Farida Harun, SH., No. 03 dated 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 notary deed was approved by the Ministry of Law and Human Rights, 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 has been growing in the last three years.

 

We note that generally the domestic demand for fresh fruits has been rising by about 8% - 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 local market.

 

Production, Export and Import Value of Fresh Fruits, 2005 – 2009

 

Types

2005

2006

2007

2008

2009

Production (Million Ton)

14,79

16,17

17,12

18,03

18,93

Export Value (Million US$)

73,6

96,9

113,1

125,3

104,2

Import Value (Million US$)

23,4

33,7

44,9

47,4

62,6

Source: Ministry of Agriculture

 

Until this time P.T. KPM has not been registered with Indonesian Stock Exchange, so that they shall not obliged to announce their financial statement. The management of P.T. KPM is very reclusive towards outsiders and rejected to disclose its financial condition. We observed that total sales turnover of the company in 2008 amounted to Rp. 3.8 billion rose to Rp. 4.5 billion in 2009 increased to Rp. 5.0 billion in 2010. As from January to June 2011 the sales turnover has reached at least of Rp. 3.2 billion with net profit of Rp. 166 million and projected to go on rising by at least 4% in 2012. The company has an estimated total networth of at least Rp. 1.5 billion. So far, we did not heard that the company having been black listed by the Central Bank (Bank Indonesia). The company usually pays its debts punctually to suppliers.  

 

The company is led by Mr. Alex (46), a businessman and professional manager with has experienced for more than 8 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's management is handled by professional staff in the above business. They have wide relations with private businessmen within and outside the country. So far, we did not hear that the management of the company being filed to the district court for detrimental cases or involved in any business malpractices. 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.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.39

UK Pound

1

Rs.80.20

Euro

1

Rs.68.92

 

 

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

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

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.