MIRA INFORM REPORT
|
Report Date : |
15.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
P.T. TRISAKTI CONSULTINDO |
|
|
|
|
Registered Office : |
Menara Duta
Building, 7th Floor, B Wing, Jl. H.R. Rasuna Said
Kav. B-9 Jakarta 12910 |
|
|
|
|
Country : |
Indonesia |
|
|
|
|
Date of Incorporation : |
05.05.2004 |
|
|
|
|
Com. Reg. No.: |
No. AHU-24688.AH.01.02.Tahun 2008 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
Development Marketing and Management Consulting
services |
|
|
|
|
No. of Employees
: |
5 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$ 650,000 |
|
Status : |
Moderate |
|
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 30th, 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. TRISAKTI CONSULTINDO
company Address
Head Office
Menara Duta
Building, 7th Floor, B Wing
Jl. H.R. Rasuna Said Kav. B-9
Jakarta 12910
Indonesia
Phones -
(62-21) 5290 1940 (hunting)
Fax. - (62-21) 5390 1944, 5290 1965
Email - sundersr@gmail.com
Building Area - 14 storey
Office Space - 220 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation
05 May 2004
Legal Form
P.T. (Perseroan Terbatas)
or Limited Liability Company
Company Reg.No.
The Ministry of
Law and Human Rights
a. No. C-26624
HT.01.01.TH.2004
Dated 25 October 2001
b. No. AHU-24688.AH.01.02.Tahun 2008
Dated 13 May 2008
Company Status
Foreign Investment Company (PMA)
Permit by the Government
Department
The Department of
Finance
NPWP No. 02.194.290.9-058.000
Affiliated/Associated
Company :
A member of
TRISAKTI Group (see attachment)
CAPITAL AND OWNERSHIP
Capital Structure :
Authorized Capital
- Rp. 862,600,000.-
(US$. 100,000)
Issued Capital - Rp. 862,600,000.-
(US$. 100,000)
Paid up Capital - Rp. 862,600,000.- (US$.
100,000)
Shareholders/Owners :
a. PT. JAYA SAKTI INDOTAMA - Rp. 517,560,000.- (US$. 60,000)
Address : Menara Duta Building, 7th
Floor
Jl. H.R. Rasuna Said Kav. B-9
Jakarta Selatan
b. Mrs. Sundararaman Nalini - Rp. 345,040,000.- (US$. 40,000)
Address : Apartment Simprug Garden II
IIAPCO Complek No. 11
Jakarta Selatan
BUSINESS ACTIVITIES
Lines of Business
:
Development Marketing and Management
Consulting services
Production
Capacity :
None
Total Investment :
a. Owned Capital - US$. 100,000
b. Loan Capital - US$ 0
c. Total
Investment - US$. 100,000
Started Operation :
2005
Brand Name :
TRISAKSI
CONSULTINDO
Technical Assistance :
None
Number of Employee :
5 persons
Marketing Area :
Domestic - 100%
Main Customers :
The TRISAKTI Group of Companies members
Market Situation :
Very Competitive
Main Competitors :
a. PT. MSG
Consultant
b. PT. Globecon
Indonesia
c. PT. Independent
Mining Consultant
d. PT. Karya Intertek Kencana
e. Etc.
Business Trend :
Growing
BANKER, AUDITOR & LITIGATION
Bankers :
c. P.T. Bank
MANDIRI Tbk
Gedung Enterprise
Jl. HR
Rasuna Said Kav. C-5
Jakarta
Selatan
Indonesia
b. P.T. Bank CENTRAL ASIA Tbk
Gedung Menara Gracia
Jl. HR Rasuna Said Kav. C-17
Jakarta Selatan
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
FINANCIAL FIGURE
Total Income/Revenue (estimated) :
2008 – US$. 4.2
million
2009 – US$. 4.6
million
2010 – US$. 5.2
million
2011 – US$. 2.9 million
(January – June)
Net Profit
(estimated) :
2008 – US$. 330 thousand
2009 – US$. 360
thousand
2010 – US$. 410
thousand
2011 – US$. 230
thousand (January – June)
Payment Manner :
Average
Financial Comments :
Satisfactory
KEY EXECUTIVES
Board of Management :
President
Director - Mr. Sankaran Sundararaman
Director - Mr. Swaminathan
Jambunathan
Board of
Commissioners :
President
Commissioner - Mrs. Sundararaman Nalini
Signatories
:
President Director
(Mr. Sankaran Sundararaman ) or Director (Mr. Sundararaman Madhumita) which
must be approved by Board of Commissioner (Mrs. Sundararaman Nalini)
CAPABILITIES
Management
Capability :
Good
Business Morality
:
Good
Credit Risk :
Below average
Credit
Recommendation :
Credit can be proceeded normally
Proposed Credit Limit :
Small amount –
periodical review
Maximum Credit
Limit :
US$ 650,000 on the 90 days of payments
OVERALL PERFORMANCE
P.T. TRISAKTI CONSULTINDO (P.T. TC) was established in May 2004 with an authorized capital of Rp. 862,600,000.- (US$ 100,000) entirely was issued and fully paid up. The founding shareholders of the company are PT. JAYA SAKTI INDOTAMA, a foreign investment company (60%) and Mrs. Sundararaman Nalini (40%), an Indian businesswoman. The Articles of Association was approved by the Minister of Law and Human Rights of the Republic of Indonesia by virtue of Decision Letter No. C-26624.HT.01.01.TH.2004 dated October 25, 2004. In April 2008, the company’s composition of the board of director was changed, Mr. Sundarraman Madhumitra resigned as director and he is replaced by Mr. Swaminathan Jambunathan as director of the company. The amendment to Articles of Association was approved by the Minister of Law and Human Rights of the Republic of Indonesia by virtue of Decision Letter No. AHU-24688.AH.01.02.Tahun 2008 dated May 13, 2008. No changes have been effected in term of its shareholding composition and capital structures to date.
Pursuant to the company’s profile, P.T. TC engaged to
operate in business management consulting services. The company has the following divisions: (1)
Corporate Affairs & Event Management, (2) Investment Consultancy &
Business Representation, (3) Consumer Market Research, (4) Business Liaison
with Public/Private sector in Indonesia, (5) Corporate Legal Consultancy and
(6) Formation PMA Companies in Indonesia, advise on legal/tax based structuring
and obtaining all corporate licenses. But from the sixth divisions, P.T. TC is
more focused in the field of marketing development and management consulting
services related to coal mining and marketing. This company provides consultant services to
members of their own companies which are under the group of companies TRISAKSI Group. P.T. TC
also acts as a consultant in establishing a joint venture company in the form
of FDI or provides information to investors who will conduct acquisition of
mining companies in Indonesia. One client of this company is Fairgold
International Ltd.., from Hong Kong. Additionally P.T. TC also represents a
number of other investors who come from India, Taiwan, Malaysia, Singapore and
others. We noticed that the company's operations were running smoothly and
growing slowly.
In general we noticed that the demand for management consulting services in the field of mining increased about 5% to 6% in the last five years. It is closely related with increased production and export of mineral products of Indonesia in the last five years. The mineral mining activities in Indonesia is seen from the total production of minerals and export growth of coal as below.
Production Growth of Some Minerals
In Indonesia, 2005 – 2010*
|
Year |
Tin Ore Concentrate (Ton) |
Copper Ore Concentrate (Ton) |
Nickel Ore (Ton) |
Bauxite (Ton) |
Coal (Ton) |
Gold (Kg) |
Silver (Kg) |
|
2005 |
78,404 |
3,553,808 |
3,706,998 |
1,419,666 |
152,722,438 |
142,894 |
326,993 |
|
2006 |
80,933 |
2,938,009 |
4,353,833 |
1,501,937 |
181,060,907 |
93,176 |
270,153 |
|
2007 |
66,137 |
2,814,952 |
7,118,438 |
1,251,147 |
174,832,673 |
117,851 |
268,967 |
|
2008 |
47,626 |
2,340,100 |
6,557,103 |
1,594,196 |
181,569,985 |
62,695 |
302,292 |
|
2009 |
44,113 |
3,484,122 |
5,806,886 |
1,276,797 |
209,344,688 |
126,963 |
321,127 |
|
2010 |
36,574 |
3,199,562 |
5,324,822 |
939,544 |
210,896,926 |
93,076 |
247,314 |
Source: Central Bureau of Statistics
(BPS) *) January – November 2010
The Export Volume and Value of Coal Products 2005 – 2010
|
Description |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
|
129,044.1 |
184,008.9 |
195,785.8 |
201,021.7 |
234,793.1 |
298,844.5 |
|
|
Value (million US$) |
4,354.0 |
6,085.7 |
6,681.5 |
10,485.1 |
13,817.3 |
18,499.3 |
Source: Central
Bureau of Statistic (BPS)
The company is neither public listed nor bond issued company. Therefore, the company has no obligation to publish financial statement publicly. The management of P.T. TC is very reclusive to outsider and rejected to disclose its financial condition. But we estimate the total sales turnover in 2008 amounted to US$. 4.2 million, increased to US$. 4.6 million in 2009 rose again to US$ 5.2 million in 2010 and estimated it will be higher by 10% to 12% in 2011. The operation of P.T. TC in 2010 is estimated to have gained a profit of US$. 410 thousand with an estimated networth of US$. 0.6 million. So far, we did not hear that the P.T. TC having been black listed by Bank Indonesia (Central Bank) and registered in district court for detrimental cases. The company has a punctual payment habit within 1 to 3 months.
The management of P.T. TC is headed by Mr. Sankaran Sundararaman (54) as president director, and he is assisted by Mr. Swaminathan jambunathan (58) as director. Mr. Sankaran Sundararaman, a businessman of India, with more than 17 years experience in trading and exporting of steam coal and iron ore. He is the founder of the TRISAKTI Group and has been a Banker and Corporate Lawyer with more than 25 years of experience as a professional. The management is handled by professional managers 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 the business malpractices 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.
Of a thorough
observation we may conclude that P.T.
TRISAKTI CONSULTINDO is appraised quite feasible for normal business
transaction.
Attachment:
List of the
TRISAKTI Group Members
· P.T. JAYA SAKTI INDOTAMA (Trading and Exporter of Coal and Iron Ore)
· P.T. SHANKARA IMPEX INTERNATIONAL (Export & Import of Minerals)
· P.T. TRISAKTI CONSULTINDO (Business and Management Consulting Services)
· P.T. MAHA SAKTI INDOTAMA (Mine Management Services/Operations)
· P.T. TRISAKTI MINERALS & RESOURCES (Mineral Resources Services)
· P.T. FAIRGOLD INTERNATIONAL INDONESIA (Own & Coal Mining in South Kalimantan)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.58 |
|
UK Pound |
1 |
Rs.82.97 |
|
Euro |
1 |
Rs.69.89 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.