MIRA INFORM REPORT
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Report Date : |
30.05.2011 |
IDENTIFICATION DETAILS
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Name : |
P.T. TRAGLOPINDO UTAMA |
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Registered Office : |
Jalan Sabaruddin
No. 8, Medan, 20214, North Sumatera |
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Country : |
Indonesia |
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Date of Incorporation : |
01.03.2010 |
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Com. Reg. No.: |
No. AHU22501.AH.01.01.TH.2010 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Trading and
Distribution of Technical Equipment |
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 |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Maximum Credit Limit : |
US$ 52,600 |
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Status : |
New and Small Company |
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Payment
Behaviour : |
Unknown |
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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 |
|
Insignificant |
A1 |
|
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. TRAGLOPINDO UTAMA
company Address
Head Office
Jalan Sabaruddin
No. 8
Medan, 20214
North Sumatera
Indonesia
Phones -
(62-61) 7321 388, 7351 836
Fax - (62-61) 7321 636
E-mail - traglopindoutama@yahoo.com
Building Area - 2 storey
Office Space - 100 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation
1 March 2010
Legal Form
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg. No.
The Ministry
of Law and Human Rights
No.
AHU22501.AH.01.01.TH.2010
Dated 3 May 2010
Company Status
Private National
Company
Permit by the Government
Department
The Department
of Finance
Not Available
Related Company
C.V. CAHAYA MAJU BERSAMA
(Trading and Distribution of Technical Equipment)
CAPITAL AND OWNERSHIP
Capital
Structure :
Authorized
Capital : Rp.
500,000,000.-
Issued Capital : Rp.
250,000,000.-
Paid up Capital : Rp.
250,000,000.-
Shareholders/Owners
:
a. Mr.
Alexander Angwiranata -
Rp. 150,000,000.-
Address : Jl. Sampali No. 22 G
Kel. Pandau
Hulu II, Kec. Medan Area
Medan, North
Sumatera
Indonesia
b. Mr.
Sugianto AKA Sugianto Hung -
Rp. 50,000,000.-
Address : Jl. Sampali No. 22 G
Kel. Pandau
Hulu II, Kec. Medan Area
Medan, North
Sumatera
Indonesia
b. Mrs. Ang
Leng Leng -
Rp. 50,000,000.-
Address : Jl. Sampali No. 22 G
Kel. Pandau
Hulu II, Kec. Medan Area
Medan, North
Sumatera
Indonesia
BUSINESS ACTIVITIES
Lines of
Business :
Trading and
Distribution of Technical Equipment
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
April 2010
Brand Name :
Traglopindo Utama
Technical
Assistance :
None
Number of
Employee :
11 persons
Marketing Area
:
Local - 100%
Main Customer
:
Crude Palm Oil
Industries
Market
Situation :
Very Competitive
Main
Competitors :
a. C.V. ADHITIA
JAYA
b. P.T. ALPHA
UTAMA MANDIRI
c. P.T. BUATAN
GUNA INDONESIA
d. P.T.
KHARISMAPRATAMA ABADISEJATINDO
e. Etc.
Business Trend
:
Growing
BANKER, AUDITOR & LITIGATION
Banke r :
P.T. Bank OCBC
NISP Tbk
Jalan Imam Bonjol
Medan, North
Sumatera
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
FINANCIAL FIGURE
Annual Sales
(estimated) :
2010 – Rp. 4.0
billion (April – December)
Net Profit (estimated)
:
2010 – Rp. 0.3
billion
Payment Manner
:
Average
Financial
Comments :
Satisfactory
KEY EXECUTIVES
Board of Management :
President Director - Mr. Alexander Angwiranata
Director -
Mrs. Ang Leng Leng
Board of Commissioners :
Commissioner -
Mr. Sugianto AKA Sugianto Hung
Signatories :
President Director (Mr.
Alexander Angwiranata) or the Director (Mrs. Ang Leng Leng) which must be
approved by Board of Commissioner
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$ 52,600 on 90
days D/A
OVERALL PERFORMANCE
P.T. TRAGLOPINDO UTAMA (P.T. TU) was incorporated in Medan, North
Sumatera on March 1, 2010 with the authorized capital of Rp. 500,000,000 issued
capital of Rp. 250,000,000 entirely paid up. The founding shareholders of the
company are Mr. Alexander Angwiranata, Mrs. Ang Leng Leng and Mr. Sugianto AKA
Sugianto Hung, they are Indonesian business family of Chinese extraction. Based
on our knowledge up to writing the report the notary documents of the company
have not undergone any changes. The company notary act was made by Mrs. Aida
Srifatriani, SH., was approved by the Ministry of Law and Human Right in its
Decision Letter No. AHU-22501.AH.01.01.TH.2010, dated May 3, 2010.
P.T. TU is a new company dealing with trading, distribution and supplier
of technical equipments. The company started to be operating since April 2010
by sells various of technical equipment such as crude palm oil machinery and
parts, empty bunch press, bunch shredder, welding electrodes, metalium, titan
lube oil, industrial pumps likes twin screw pump, RD series pump, DPSS,
chemical pump, and roto pump.
Metalium such as aluminum electrode, bronze electrode, cast iron
electrode, goughing electrode, hardfacing electrode, high tense electrode, mild
steel electrode and stainless steel electrode. The whole merchandise goods
imported from Singapore, Taiwan, China, Japan and other countries. The whole
products like crude palm oil machinery, bunch shredder supplied to various crude
palm oil in North Sumatera and Pekanbaru, Riau Province. Meanwhile the welding
electrodes supplied to steel fabrication, shipyard, car body makers, power
system, electrical industry, oil and gas, mining and other industries. Besides
that, the above products are also sold to the government and other private
sectors including contractors, oil companies, automotive industry, etc. The
company operation has been increasing slowly within the last three years.
The demand for technical equipment including tool, welding, valves,
pressure equipment, piping systems, fittings, flanges, actuators, gas
compressors, generator and other has kept on rising by 8% to 10% per annum in
the last five years. Such condition was in line with the growth of general
mining industry sectors like oil and gas, industrial refineries, fertilizer
industry, electricity, office building, chemical industry, pharmaceutical
industry, food and beverage companies, pulp and paper, cement and other sectors
requiring the above products. It is projected that the demand growth will be
rising within the next five years. Market competition is very tough on account
of many other similar companies operating in Indonesia. P.T. TU’s business
position in this case is not too badly because it has established regular
customers and extensive marketing network.
Until this time P.T. TU has not been registered with Indonesian Stock
Exchange, so that they shall not obliged to announce their financial statement.
The management of P.T. TU is very reclusive towards
outsiders and rejected to disclose its financial condition. We observed
that total sales turnover of the company in the first year operation April to
December 2010 amounted to Rp. 4.0 billion and projected to go on rising by at
least 4% in 2011. The operation in 2010 yielded an estimated net profit of at
least Rp. 0.3 billion and the company has an estimated total networth of at
least Rp. 0.7 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. TA is led by Mr. Alexander Angwiranata (37) a
young businessman and professional manager with experience in trading,
distribution of general industrial supplier. Daily activity he is assisted by
Mrs. Ang Leng Leng (42) 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. TRAGLOPINDO UTAMA is sufficiently fairly good
for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.21 |
|
UK Pound |
1 |
Rs.74.31 |
|
Euro |
1 |
Rs.64.40 |
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 |
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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 |
|
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 |
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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 |
|
<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.