MIRA
INFORM REPORT
|
Report Date : |
18.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
P.T. KMC INDONESIA |
|
|
|
|
Registered Office : |
Jl.
Pelabuhan Muara Angka No. 2 Kel. Pluit, Kec. Penjaringan Jakarta Utara 14450 |
|
|
|
|
Country : |
Indonesia |
|
|
|
|
Date of Incorporation : |
20.04.2009 |
|
|
|
|
Com. Reg. No.: |
No. AHU-20105.01.01.Tahun 2009 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Seafood Processing Industry |
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$ 330,000 |
|
|
|
|
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 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. KMC INDONESIA
Address
Head Office
Jl. Pelabuhan Muara Angka No. 2
Kel. Pluit, Kec. Penjaringan
Jakarta Utara 14450
Phones -
(62-21) 662 4918
Fax -
(62-21) 662 2033
Building Area - 460 sq. Meters
Office Space - 120 sq. Meters
Region - Fish Port
Zone
Status - Rent
Registration data
Date of
Incorporation :
20 April 2009
Legal Form :
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg. No. :
The Department of
Law and Human Rights
No.
AHU-20105.01.01.Tahun 2009
Dated 12 May 2009
Company Status :
National Private Company
Permit by the Government Departments :
The Department of Finance
NPWP No. - Not
available
Affiliated/Associated Company :
Not available
CAPITAL AND OWNERSHIP
Capital Structure :
Authorized
Capital -
Rp. 2,400,000,000.-
Issued
Capital - Rp. 600,000,000.-
Paid up
Capital - Rp.
600,000,000.-
Shareholders/Owners :
a. Mr. Suryanto -
Rp. 240,000,000.- (40%)
Address: Jl. Pluit Murni II No. 2A
Kel. Pluit, Penjaringan
North Jakarta
Indonesia
b. Mr. Suryandi -
Rp. 180,000,000.- (30%)
Address: Jl. RE Martadinata No. 37
Kel. Kota, Tanjung Pandan
Belitung, Bangka
Indonesia
c. Mr. Surya Jansen - Rp. 180,000,000.- (30%)
Address: Jl. Laks. Malahayati, RT.02/RW.01
Kel. Ketapang, Pangkal Balam
Pangkal Pinang
Indonesia
BUSINESS ACTIVITIES
Lines of Business :
Seafood Processing Industry
Production
Capacity :
None
Total Investment :
Owned Capital - Rp. 2.5
billion
Started Operation :
2009
Brand Name :
KMC INDONESIA
Technical Assistance :
None
Number of Employee :
38 persons
Marketing Area :
a. Local Market - 20%
b. Export Market - 80%
Main Customers :
Overseas Buyers in Vietnam,
Malaysia, Singapore, China, Taiwan, Hong Kong Japan and others
Market Situation :
Very Competitive
Main Competitors :
a. PT. Nusantara
Alam Bahari
b. PT. Sari
Ayucipta Samudra
c. PT. Star
Marindo
d. PT. Oriens
Prima Lestari
e. PT. Eratama
Putra Mandiri
f. Etc.
Business Trend :
Growing
BANKER, AUDITOR & LITIGATION
B a n k e r s :
a. P.T. Bank
CENTRAL ASIA Tbk
Pluit Branch
Jl. Pluit Karang Utara No. 137
A/B
Jakarta Utara
b. P.T. Bank
MANDIRI Tbk
Pluit Branch
Jl. Pluit Selatan Raya
No. 31-35
Jakarta Utara
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
FINANCIAL FIGURE
Total
Sales/Revenue (estimated) :
2009 – Rp. 11.8
billion
2010 – Rp. 24.0
billion
2011 – Rp. 13.5
billion (January – June)
Net Profit (estimated)
:
2009 – Rp. 650 million
2010 – Rp. 1,240
million
2011 – Rp. 740 million (January – June)
Payment Manner
:
Average
Financial
Comments :
Satisfactory
KEY EXECUTIVES
Board of Management :
President Director - Mr. Suryanto
Director -
Mr. Suryandi
Board of Commissioners :
Commissioner -
Mr. Surya Jansen
Signatories :
President Director (Mr.
Suryanto) or Director (Mr. Suryandi) which must be approved by Board of
Commissioner (Mr. Surya Jansen)
CAPABILITIES
Management Capability :
Fairly
Business Morality :
Fairly
Credit Risk :
Average
Credit Recommendation :
Credit should be proceeded with monitor
Proposed
Credit Limit :
Small amount –
periodical review
Maximum Credit Limit :
US$ 330,000 on 90
days D/A
OVERALL PERFORMANCE
P.T. KMC
INDONESIA was established in Jakarta on April 4, 2009 with the authorized
capital of Rp. 2,400,000,000.- of which Rp. 600,000,000.- was issued and fully
paid up. The founding shareholders of
the company are Mr. Suryanto (40%), Mr. Suryandi (40%) and Mr. Surya Jansen,
third are Indonesian businessmen of Chinese extraction. Association was made by Tan Susy, SH., a
notary public in Jakarta based on notarial deed No.42 and it was approved by
the Minister of Law and Human Rights through Decision Letter No.
AHU-20105.AH.01.01.Tahun 2009 dated May 12, 2009. No changes have been effected in term of its
shareholding composition and capital structures to date.
Pursuant to the deed of notary of the
company, P.T. KMC INDONESIA engaged to operate in trading, industry, services,
development, agricultural, printing, mining, workshop and road
transportation. The Company’s registered
office located at North Jakarta and the company can open branch offices or representative
offices at home and abroad.
P.T. KMC INDONESIA
is a private company engaged in the seafood processing industry; its factory is
located at Jl. Pelabuhan (Dermaga) Muara Angke No. 2, Pluit Sub-district,
Penjaringan District, North Jakarta. Ms. Susi, an
administrative staff of P.T. KMC INDONESIA explained
that currently their production were in
form of frozen tuna/cakalang fish, frozen mackerel fish, and frozen flying
fish. Some 80% of the products are
exported to Vietnam, Malaysia, Singapore, China, Taiwan, Hong Kong Japan and the
rest of some 20% is marketed locally to traditional markets and
restaurants. P.T. KMC INDONESIA is classified as
a small sized company of its kind in the country of which the operation has
been growing in the last three years.
In general we
noticed that the demand for foreign markets (international) of seafood products
from Indonesia continued to increase in last five years. According to Central
Bureau of Statistics (BPS), in 2007 the export value of Indonesian frozen fish
and shrimp amounted to U.S. $ 1,498.5 million, increased to U.S. $ 1,683.5
million in 2008 and fell to 1,427.0 million in
Until this time
P.T. KMC INDONESIA has not been registered with Indonesian Stock Exchange, so
that they shall not obliged to announce their financial statement. The
management of P.T. HMJ is very reclusive towards outsiders and rejected to
disclose its financial condition. We estimated that total sales of the company
in 2009 amounted to Rp. 11.8 billion increased to Rp. 24.0 billion in 2010 and
to Rp. 13.5 billion as of 30 June 2011.
The operation in 2010 yielded an estimated net profit of Rp. 1,240
million and to Rp. 740 million as of 30 June 2011 and the company has an
estimated total networth of at least Rp. 3.0 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. KMC INDONESIA is headed by Mr. Suryanto (35) as president director, a
businessman with more than 5 years experience in trading and exporting of
seafood products. In daily activities,
he is assisted by his younger brother Mr. Suryandi (32) as director. The management, which is evaluated quite
creative and dynamic, also has succeeded in expanding their overseas marketing
network. We consider the management is quite capable of further developing
business in the future. They have close relations with many high-ranking
government officials as well as with private businessmen within and outside the
country. So far, we did not hear that the company’s management involved in a
dirty business practice 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.
Since this company (PT. KMC
INDONESIA) just about three years in operation commercially, so we recommend
caution when going to provide fresh loans to them. Or it should obtain sufficient guarantees of all shareholders.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.72 |
|
|
1 |
Rs.79.88 |
|
Euro |
1 |
Rs.68.46 |
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.