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MIRA INFORM REPORT
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Report Date : |
29.06.2011 |
IDENTIFICATION DETAILS
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Name : |
P.T. AIDA INDONESIA DEWATA (ALLIANCE
INDONESIA) |
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Registered Office : |
Jalan Gunung Agung GG Indus No. 4, Denpasar, Bali 80118 |
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Country : |
Indonesia |
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Year of Establishment : |
15.10.1999 |
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Com. Reg. No.: |
No. AHU-49905.AH.01.02.TH.2009 |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Tour and Travel
Services |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 285,500 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Indonesia |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Name of Company
P.T. AIDA INDONESIA DEWATA
(ALLIANCE INDONESIA)
company Address
Head Office
Jalan Gunung Agung GG Indus No. 4
Denpasar, Bali 80118
Indonesia
Phones - (62-361) 412981 (Hunting), 426843
Fax -
(62-361) 421583
E-mail -
info@alliance-indonesia.com
Website - http://www.alliance-indonesia.com
Building Area - 2 storey
Office Space - 130 sq. meters
Region - Commercial
Status - Owned
Date of Incorporation
1999
Legal Form
P.T. (Perseroan Terbatas) or Limited Liability Company
Company Reg. No.
The Ministry
of Law and Human Rights
No. AHU-49905.AH.01.02.TH.2009
Dated 15 October 2009
Company Status
National Private Company
Permit by the Government
Department
The Department
of Finance
NPWP No. 01.913.883.3-908.000
The Department
of Culture & Tourism
- No. P3/999/KWL.Bali/Bd.I/2000
- No. 551.21/752/I/Disparda
Related Company
None
CAPITAL AND OWNERSHIP
Capital Structure :
Authorized Capital :
Rp. 100,000,000.-
Issued Capital :
Rp. 25,000,000.-
Paid up Capital :
Rp. 25,000,000.-
Shareholders/Owners :
a. Mr. Putu
Djirna -
Rp. 7,500,000.-
Address : Jl. Gunung Agung GG Indus No. 4
Denpasar, Bali
Indonesia
b. Mr. Nyoman Trijata -
Rp. 7,500,000.-
Address : Jl. Gunung Agung GG Indus No. 4
Denpasar, Bali
Indonesia
c. Mrs. Ni
Putu Tjetierawati -
Rp. 5,000,000.-
Address : Jl. Gunung Agung GG Indus No. 4
Denpasar, Bali
Indonesia
d. Mrs. Rai Puspasari Astuti, SE - Rp. 2,500,000.-
Address : Jl. Tukad Buaji Perum Pesona II
Barat No. 9, Denpasar, Bali
Indonesia
e. Mrs. Ni
Putu Sutrisnawati -
Rp. 2,500,000.-
Address : Jl. Gunung Agung GG Indus No. 4
Denpasar, Bali
Indonesia
BUSINESS ACTIVITIES
Lines of Business :
Tour and Travel Services
Production Capacity :
None
Total Investment :
None
Started Operation :
1999
Brand Name :
Alliance Indonesia
Technical Assistance :
None
Number of Employee :
27 persons
Marketing Area :
Local - 100%
Main Customer :
Individual, Foreign Tourism and Others
Market Situation :
Very Competitive
Main Competitors :
a. P.T. ANTA TOURS AND TRAVEL Tbk
b. P.T. BUANA TOURS AND TRAVEL Tbk
c. P.T. JATRA INDOLA TOURS AND TRAVEL
d. P.T. SONA TOPAS TOURS AND TRAVEL Tbk
e. Etc.
Business Trend :
Growing
BANKER, AUDITOR & LITIGATION
Bankers :
a. P.T. Bank MANDIRI Tbk
Denpasar Main Branch
Bali, Indonesia
b. P.T. Bank NEGARA
INDONESIA Tbk
Denpasar Main
Branch
Bali, Indonesia
c. P.T. Bank CIMB
NIAGA Tbk
Denpasar Main
Branch
Bali, Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
FINANCIAL FIGURE
Annual Sales (estimated) :
2008 – Rp. 18.7 billion
2009 – Rp. 20.0 billion
2010 – Rp. 21.7 billion
Net Profit (estimated) :
2008 – Rp. 1.5 billion
2009 – Rp. 1.7 billion
2010 – Rp. 1.9 billion
Payment Manner :
Average
Financial Comments :
Satisfactory
KEY EXECUTIVES
Board of Management :
President Director - Mr. Nyoman Trijata
Director -
Mrs. Rai Puspita Astuti, SE
Board of Commissioners :
President Commissioner - Mr. Putu Djirna
Commissioners - a. Mrs. Ni
Putu Tjetierawati
b. Mrs. Ni Putu Sutrisnawati
Signatories :
President Director (Mr. Nyoman Trijata) or the Director
(Mrs. Rai Puspita Astuti, SE) which must be approved by Board of Commissioner
CAPABILITIES
Management Capability :
Good
Business Morality :
Good
Credit Risk :
Average
Credit Recommendation :
Credit should be proceeded
with monitor
Proposed Credit Limit :
Small amount – periodical review
Maximum Credit Limit :
US$ 285,500 on 90 days D/A
OVERALL PERFORMANCE
The complete name of the company is
P.T. AIDA INDONESIA DEWATA with the trading style ALLIANCE INDONESIA was
established in Denpasar, Bali in 1999 with the authorized capital of Rp.
100,000,000 issued capital of Rp. 25,000,000 entirely paid up. The company was
founded by Mr. Putu Djirna his wife Mrs. Ni Putu Tjetierawati, with their son
and daughter namely Mr. Nyoman Trijata, Mrs. Ni Putu Sutrisnawati their partner
Mrs. Rai Puspasari Astuti, SE. They are indigenous businessmen of Bali descent.
The company notary deed has been changed and in December 2008 the board of
directors and board of commissioner have been changed (see profile of this
report). The deed of amendment was made by Mr. I Gusti Ayu Rustini Putra, SH.,
was approved by the Ministry of Law and Human Right in its Decision Letter No.
AHU-49905.AH.01.02.TH.2009, dated October 15, 2009. We observe the majority
business stakes of the company is controlled by Mr. Putu Djirna and family
members.
P.T. AID with trading style ALLIANCE INDONESIA (Trademark for overseas
market) or ALINDO Dewata Tours (Trademark for Domestic market) has been
operating since 1999 for dealing with tours and travel services including the
sales, management and performing of tours package, hotel reservation, aircraft
ticket sales services and others. The company is a Indonesia and Bali travel
agent arrange all travel need from Bali travel, Bali tour, transfer, car
rental, Bali hotel reservation, Bali villas reservation and offers domestic and
international airline ticketing booking for Bali and Indonesia. Mrs. Sandra,
Operation Manager of the company disclosed that domestically P.T. AID offers
tours package to Bali, Lombok, Komodo & Flores, Toraja, Sumatera Island,
Mentawai, Borneo, Java Island, West Papua and other Indonesian tourist’s
destination. Meanwhile, the foreign destination is including Australia,
Vietnam, Kamboja, Singapore, European countries, etc. To support of its
services in airline tickets, the company also performs domestic and
international ticketing including for Garuda, Merpati, Batavia, Lion, Sriwijaya,
Riau Airlines and Trans Nusa. The international ticketing is including
Singapore Airlines, Cathay Pacific, Quantas and others. He went on say that the
customers are including individuals, medium to upper level families intended to
travel abroad and also foreign tourist from Belgium, Sweden, France, Germany,
USA, Rusia, Asian countires and India. We learnt that P.T. AID or Alliance
Indonesia' operation has been running smoothly and growing.
Generally outlook, the leading
business of the company is in tour & travel services, hotel reservation,
etc. The demand for tour and travel services as well as hotel rooms has been
fluctuating in line with the foreign tourist influx to Indonesia within the
last five years. Besides, the Indonesian economy has weathered the storm and is
currently accelerating. As for the global economy, it is also in a recovery
phase and this recovery is expected to continue in 2010. Overall, the prospects
for the Indonesian economy in 2010 are brighter than in 2009. The global economic
recession has exerted significant downward pressures on the Indonesia economy.
In the first quarter of 2009 the economy grew by 4.4 percent, or significantly
lower than in the fourth quarter of 2008 when the economy grew by 5.2 percent
and lower than in the third quarter of 2008 when the economy grew by 6.4
percent.
Eventually, the impact of the
fiscal and monetary stimuli on the economy could be seen. This was reflected in
the brisker pace of growth in Indonesia despite the global economic recession.
In the second quarter of 2009 the Indonesian economy grew by 4.0 percent, and
in the third quarter of the year it grew by 4.2 percent. The economic is
expected to accelerate further in the fourth quarter of 2009. Ant for the whole
of 2009 the Indonesian economy is expected tot grow by 4.7 percent and 6.0
percent in 2010.
The foreign tourists arriving and
staying in 2008 reached 6,234,497 people rose to 6,323,730 people in 2009. This
total increased by 89,233 people of 14.31% if compared with that in 2007
reaching 5,505,759 people. Domestic tourists visiting and staying in star
hotels in 2008 were registered 14,847.9 thousand people. If compared with the
condition in 2007 of 13,113.2 thousand people, there was an increase of 1,734.7
thousand people or 13.23%.
The Total Growth of Foreign Tourists Visiting Indonesia
Based on Port Entrance in 2005-2009
|
Year |
Number of Foreign Tourist |
|
2005 |
5,002,101 |
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2006 |
4,871,351 |
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2007 |
5,505,759 |
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2008 |
6,234,497 |
|
2009 |
6,323,730 |
Source: Central Bureau of Statistic
Until this time P.T. AID has not been registered with Indonesian Stock
Exchange, so that they shall not obliged to announce their financial statement.
The management of P.T. AID 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. 18.7 billion
rose to Rp. 20.0 billion in 2009 increased to Rp. 21.7 billion in 2010 and
projected to go on rising by at least 6% in 2011. The operation in 2010 yielded
an estimated net profit of at least Rp. 1.9 billion and the company has an
estimated total networth of at least Rp. 2.5 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 management of P.T. AID is led by Mr. Nyoman Trijaya (39) a
businessman and professional manager with experience in tour and travel
services. Daily activity he is assisted by Mrs. Rai Puspasari Astuti, SE (35)
as director. 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. AINDA INDONESIA DEWATA or ALLIANCE INDONESIA is sufficiently
fairly good for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.05 |
|
UK Pound |
1 |
Rs.71.92 |
|
Euro |
1 |
Rs.64.37 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.