MIRA
INFORM REPORT
|
Report Date : |
19.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
P.T. INDOFOOD CBP SUKSES MAKMUR TBK |
|
|
|
|
Formerly Known As : |
P.T. INDOFOOD CBP SUKSES MAKMUR |
|
|
|
|
Registered Office : |
Sudirman Plaza, Indofood Tower 23rd Floor Jalan Jend. Sudirman Kav. 76-78 Jakarta Selatan, 12910 |
|
|
|
|
Country : |
Indonesia |
|
|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Date of Incorporation : |
02.09.2009 |
|
|
|
|
Com. Reg. No.: |
No. AHU-32181.AH.01.02.TH.2010 |
|
|
|
|
Legal Form : |
Public Listed Company |
|
|
|
|
Line of Business : |
Instant Noodles, Food Ingredients, Food Seasoning, Nutrition and Special Foods, and Flexible Packaging Manufacturing |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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.
INDOFOOD CBP SUKSES MAKMUR Tbk
Address
Head Office
Sudirman Plaza,
Indofood Tower 23rd Floor
Jalan Jend. Sudirman Kav. 76-78
Jakarta Selatan, 12910
Indonesia
Phones -
(62-21) 5795 8822 (Hunting), 5793 7500
Fax - (62-21) 5793 7557
E-mail - elly.putranti@icbp.indofood.co.id
clara.suraya@icbp.indofood.co.id
Website - http://www.indofoodcbp.com
Building Area - 32 storey
Office Space - 200 sq. meters
Region - Commercial
Status - Rent
Factory
(Noodles)
a. Jalan Ancol 1 No. 4-5
Jakarta Utara, 14430
Indonesia
Phones - (62-21) 690 7141-45
Fax -
(62-21) 690 5435
b. Jalan Raya Daan
Mogot Km. 19
Tangerang
Jakarta Barat,
15122
Indonesia
Phones - (62-21) 619 5192
Fax - (62-21) 552 3144
c. Jalan Kampung
Jarakosta
Desa
Sukadanau, Cikarang Barat
Bekasi, 17520
West Java
Indonesia
Phones - (62-21) 890 1166-69
Fax -
(62-21) 890 1187
d. Jalan Raya Caringin No. 353
Padalarang
Bandung, 40553
West Java
Indonesia
Phones - (62-22) 686 6567
Fax -
(62-22) 686 5567
e. Jalan Tambak
Aji II No. 8
Ngaliyan,
Semarang, 50185
Central
Java
Indonesia
Phones -
(62-24) 866 4555
Fax
- (62-24) 866 2455
f. Jalan Raya
Cangkring Malang Km. 32
Beji – Pasuruan, 67154
East Java
Indonesia
Phones - (62-31) 656 177-78
Fax -
(62-31) 656 179
g. Jalan Raya
Medan Km. 18.5
Tanjung Morawa, Medan, 20362
North Sumatra
Indonesia
Phones -
(62-61) 794 1515
Fax -
(62-61) 794 0957
h. Jalan Lingkar
Barat Km. 12
Kel. Kenali
Asam Bawah, Kec. Kota Baru
Jambi, 36128
Indonesia
Phones - (62-741) 444 800
Fax -
(62-741) 443 715
i. Jalan
Kaharudin Nasution Km. 12
Simpang
Tiga, Bukit Raya
Pekanbaru,
28284
Riau Province
Indonesia
Phones - (62-761) 71 883
Fax -
(62-761) 71 338
j. Jalan HBR
Motik Km. 8
Palembang, 30152
South Sumatra
Indonesia
Phones - (62-711) 410 212
Fax -
(62-711) 411 062
k. Jalan Ir.
Sutami Km. 15
Kawasan
Industri Lampung (KAIL)
Desa
Sindangsari, Kec. Tanjung
Bintang
Lampung Selatan, 35361
Indonesia
Phones - (62-721) 350 106
Fax -
(62-721) 351 328
l. Jalan Wajok
Hulu Km. 10.7
Kec. Siantan,
Kab. Pontianak
Pontianak,
78351
West Kalimantan
Indonesia
Phones - (62-561) 881 515-17
Fax -
(62-561) 881 514
m. Jalan A. Yani
Km. 32
Desa
Liang Anggang, Kec. Bati-bati, Kab. Tanah Laut
Banjarmasin,
70852
South
Kalimantan
Indonesia
Phones - (62-511) 478 7981-85
Fax -
(62-511) 478 1777
n. Jalan Kima X
Kav. A-3
Biringkanaya – Makassar, 90241
South Sulawesi
Indonesia
Phones - (62-411) 510 875-7
Fax -
(62-411) 510 027
o. Jalan Walanda Maramis
Madidir Weru – Bitung 95514
North Sulawesi
Indonesia
Phones - (62-438) 32 591-93
Fax -
(62-438) 32 588
Factory (Food
Ingredients)
a. Jalan Raya Purwakarta Cikampek Km. 13
Desa Cikopo, Kec. Bungursari
Purwakarta,
41181
West Java
Indonesia
Phones - (62-264) 313 511-16
Fax -
(62-264) 313 501
b. Jalan Raya
Tugu Rejo Km. 10.2 No. 199
Kec. Tugu –
Semarang 50151
Central
Java
Indonesia
Phones -
(62-24) 866 2711
Fax
- (62-24) 866 5220
c. Jalan Raya
Surabaya – Malang Km. 39.2
Dusun
Mojorejo, Ngerong, Gempol
Pasuruan, 67155
East Java
Indonesia
Phones - (62-343) 631 917-18
Fax -
(62-343) 631 939
Factory (Food
Seasonings)
Jalan Tugu Rejo
Km. 10.2
Semarang, 50151
Centraal Java
Indonesia
Phones - (62-24) 866 3435
Fax - (62-24) 866 2456
Factory (Biscuit)
Kawasan Industri Kota Bukit Indah Block A II Kav. 16-18
Dangdeur/Bungursari,
Purwakarta, 41181
West Java
Indonesia
Phones - (62-264) 351 727-9
Fax - (62-264) 351 730
Factory (Nutrition
& Special Foods)
Jalan Raya
Caringin No. 353
Padalarang, 40553
West Java
Indonesia
Phones - (62-22) 680 9815, 686 8210
Fax - (62-22) 680 9810
Factory (Flexible
Packaging)
a. Jalan Raya Cakung Cilincing Km. 2
Cakung – Jakarta Utara, 13910
Indonesia
Phones - (62-21) 460 0622-23
Fax -
(62-21) 460 0445
b. Jalan Raya Raya
Serang Km. 11
Cikupa,
Tangerang
Jakarta Barat,
15710
Indonesia
Phones - (62-21) 596 0728
Fax - (62-21) 596 0727
c. Kota Bukit
Indah Block A1/2-5
Cikampek, Purwakarta, 41181
West Java
Indonesia
Phones - (62-264) 351 376
Fax -
(62-264) 351 646
Registration data
Date of Incorporation :
a. 2 September 2009 as P.T. INDOFOOD CBP SUKSES
MAKMUR
b. 10 June 2010 as P.T. INDOFOOD CBP SUKSES
MAKMUR Tbk
Legal Form :
P.T. Tbk
(Perseroan Terbatas Terbuka) or Public Listed Company
Company Reg.
No. :
The Ministry of Law and Human Rights
- No. AHU-46861.AH.01.01.TH.2009
Dated 30 September 2009
- No. AHU-32181.AH.01.02.TH.2010
Dated 24 June 2010
Company Status
:
Private National
and Domestic Investment (PMDN) Company
Permit by the
Government Department :
The Department of Finance
NPWP No.
02.993.085.6-018.000
The Capital Investment Coordinating Board
No.
139/I/PMDN/2009
Dated 17
September 2009
The Capital Market Supervisory Agency
No. Kep-179/BL/2008
Dated 14 May 2008
Related
Company :
A Member Company
of the INDOFOOD Group (see attachment)
CAPITAL AND OWNERSHIP
Capital
Structure :
Authorized
Capital : Rp.
750,000,000,000.-
Issued Capital : Rp.
583,095,000,000.-
Paid up Capital : Rp.
583,095,000,000.-
Shareholders/Owners
:
a. P.T. INDOFOOD SUKSES MAKMUR Tbk - Rp. 469,514,000,000.-
Address :
Sudirman Plaza, Indofoof Tower
Jl. Jend.
Sudirman Kav. 76-78
Jakarta Selatan
Indonesia
b. Public below 5% -
Rp. 113,581,000,000.-
Address : Indonesia Stock
Exchange
Indonesia
BUSINESS ACTIVITIES
Lines of
Business :
a. Instant Noodles, Food Ingredients, Food
Seasoning, Nutrition and Special Foods, and Flexible
Packaging Manufacturing
b. Investment Holding
Production
Capacity :
a. Instant Noodles - 14,580,000,000 packs p.a.
b. Wet Noodles - 1,050 tons p.a.
c. Dry Noodles - 1,102 tons p.a.
d. Instant Vermicelli -
525,000,000 packs p.a.
e. Cup Noodles -
719,100,000 cups p.a.
f. Egg Noodles - 395,000,000 packs p.a.
g. Flexible Packaging -
48,418 tons p.a.
h. Metallized Packaging -
900 tons p.a.
i. Rigid Packaging - 8,394 tons p.a.
j. Spices - 113,354 tons p.a.
k. Spice Oils - 76,769 tons p.a.
l. Powder Concentrates -
24,814 tons p.a.
m. Meat/Frozen Shrimp - 240 tons p.a.
n. Frozen Dried Products -
380 tons p.a.
o. Flour and Spices - 2,496 tons p.a.
p. Biscuits - 1,774,814 tons p.a.
q. Syrups - 37,164,000 liters p.a.
r. Soy Sauce - 64,774,814 liters p.a.
s. Chili Sauce - 11,400,000 liters p.a.
t. Seasoning Broth - 5,130 tons p.a.
u. Chili Seasoning - 9,173 tons p.a.
v. Sauce - 5,000,000 liters p.a.
x. Fried Onions - 10,000 tons p.a.
y. Instant Porridge -
3,000,000 tons p.a.
z. Baby Foods - 825 tons p.a.
ab. Full Cream Milk Powder -
50 tons p.a.
ac. Ready Foods - 500,000 tons p.a.
ad. Bread - 650,000 tons p.a.
ae. Cereals - 17,000,000 tons p.a.
af. Health Drinks - 1,350,000 tons p.a.
ag. Juice Milk - 300 tons p.a.
Total
Investment :
a. Owned Capital -
Rp. 750.0 billion
b. Loan Capital - Rp. 2,381.3 billion
c. Total Investment - Rp. 3,131.3 billion
Started
Operation :
1 October 2009
Brand Name :
Indofood CBP
Technical
Assistance :
None
Number of
Employee :
21,205 persons
Marketing Area
:
Local - 100%
Main Customer
:
Distributors,
Supermarket, Wholesales and others
Market
Situation :
Very Competitive
Main
Competitors :
a. P.T. ABC
PRESIDENT ENTERPRISES
b. P.T. HEINZ ABC
c. P.T. SUNTORY
FOOD
d. P.T. SIANTAR
TOP Tbk
e. Etc.
Business Trend
:
Growing
BANKER, AUDITOR & LITIGATION
B a n k e r s :
a. P.T. Bank
CENTRAL ASIA Tbk.
Menara BCA
Jalan M.H.
Thamrin No. 1
Jakarta Pusat
Indonesia
b.. CITIBANK N.A.
The Landmark Centre
Jalan Jendral Sudirman
Jakarta
Selatan
Indonesia
c. Bank of AMERICA
Indonesia Stock Exchange Tower
Jalan Jend. Sudirman Kav. 52-53
Jakarta
Selatan
Indonesia
d. P.T. Bank CIMB NIAGA Tbk.
Niaga Tower
Jalan Jendral
Sudirman Kav. 58
Jakarta Selatan
Indonesia
Auditor :
Purwantono,
Suherman and Surja (PSS)
Litigation :
No litigation
record in our database
FINANCIAL FIGURE
Annual Sales
(estimated) :
2009 – Rp.
4,007.9 billion (October – December)
2010 – Rp.
17,960.1 billion
2011 – Rp. 9,422.8 billion (as per 30 June)
Net Profit
(estimated) :
2009 – Rp. 212.7
billion (October – December)
2010 – Rp.
1,704.0 billion
2011 – Rp.
1,050.6 billion (as per 30 June)
Payment Manner
:
Average
Financial Comments
:
Satisfactory
KEY EXECUTIVES
Board of Management :
President Director - Mr. Anthoni Salim
Directors -
a. Mr. Tjhie The Fie
b. Mr. Taufik Wiraatmadja
c. Mr. Axton Salim
d. Mrs. Werianty Setiawan
e. Mr. Hendra Widjaja
f. Mr. Suaimi Suriady
g. Mr. Sulianto Pratama
Board of Commissioners :
President Commissioner -
Mr. Benny Setiawan Santoso
Commissioners -
a. Mr. Fransiscus Welirang
b. Mr. Moleonoto
c. Mr. Darmawan Sarsito
d. Mr. Alamsyah
e. Mr. Florentinus Gregorius Winarno
f.
Mr. Adi Pranoto Leman
g. Mr. Agus Rajani Panjaitan
Signatories :
President Director (Mr.
Anthoni Salim) or one of the Directors (Mr. Tjhie The Fie, Mr. Taufik
Wiraatmadja, Mr. Axton Salim, Mrs. Werianty Setiawan, Mr. Hendra Widjaja, Mr.
Suaimi Suriady or Mr. Sulianto Pratama) 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
OVERALL PERFORMANCE
P.T. INDOFOOD CBP
SUKSES MAKMUR Tbk (P.T. ICBP) was established in Jakarta on September 2, 2009
with the authorized capital of Rp. 750,000,000,000 issued capital of Rp.
194,167,841,000 entirely paid up. The founding shareholders of the company are
P.T. INDOFOOD SUKSES MAKMUR Tbk and P.T. PRIMA INTIPANGAN SEJATI, both are
private national company. The company notary deed had been changed and on
December 23, 2009 the Merger Agreement among the Company, P.T. Ciptakemas Abadi
(CKA), P.T. Gizindo Primanusantara (GPN), P.T. Indosentra Pelangi (ISP) and
P.T. Indobiskuit Mandiri Makmur (IMM) merged to P.T. INDOFOOD CBP SUKSES MAKMUR
Tbk (surviving company). The said entities entered into a merger transaction.
In effecting the merger transaction, and pursuant to the agreed method of share
conversion, the Company issued new shares such that its total outstanding
issued capital was became to Rp. 466,476,300,000 fully and paid up. Later in
June 2010 the word Tbk (Terbuka) was added behind its name to comply with
regulation of public listed company.
On the same
occasion the issued capital was increased to Rp. 583,095,000,000 fully and paid
up. With this time the composition of its shareholders has been changed to
become P.T. INDOFOOD SUKSES MAKMUR Tbk (80.52%) and Public (19.48%). The deed
of amendments was made by Mr. Benny Kristianto, SH., a public notary in Jakarta
and was approved by the Ministry of Law and Human Rights in its decision letter
No. AHU-32181.AH.01.02.TH.2010 dated June 24, 2010.
We observe the
majority shareholder P.T. INDOFOOD SUKSES MAKMUR Tbk, is a public listed
company engaged in food and snack manufacturing and investment holding, a
member company of the INDOFOOD Group headed by Mr. Anthoni Salim AKA Liem Hong
Sien.
P.T. ICBP is
obtained a Domestic Investment (PMDN) license issued by Investment Coordinating
Board (BKPM) for dealing with instant noodles, food seasoning, food
ingredients, nutrition and special food and flexible packaging manufacturing.
The Company was a spin-off of the Noodle Division and Food Ingredients Division
of P.T. Indofood Sukses Makmur Tbk (ISM), the shareholder of the Company, and
started to carry out the related business operations on October 1, 2009. P.T.
ICBP is an established market-leading producer of packaged food products with a
diverse range of products providing everyday food solutions for consumers of
all ages. Many of its products brands are among the strongest brands with
significant Top-of-Mind status in Indonesia and have gained the trust and
loyalty of millions of consumers in Indonesia for decades. It was established
by means of internal restructuring of the Consumer Branded Product (“CBP”)
Group of P.T. Indofood Sukses Makmur Tbk (“Indofood”), the parent company,
listed on the IDX since 1994. Through the internal restructuring, the entire
business operations of Indofood’s CBP Group, comprising noodles, dairy, food
seasonings, snack foods, nutrition and special foods, as well as biscuits
(previously under Bogasari Group), were transferred to P.T. ICBP.
P.T. ICBP
continues to enjoy synergies with other Indofood Group companies to maintain
its competitive advantages. Currently ICBP’s business units are as follows:
-
Noodles
– produces and markets a range of instant bag and cup noodles, egg noodles and
instant vermicelli.
-
Dairy
– produces and markets a variety of dairy products including sweetened
condensed milk, liquid milk (ultra high temperature, sterilized bottled and
pasteurized milk), powdered milk, ice cream, yogurt drinks and butter
-
Food
seasoning – produces a range of culinary products including soy sauce, chili
sauce, tomato sauce, bouillon and instant seasonings, and also produces and
markets cordial syrup
-
Snack
foods – produces and markets a range of western and modernized traditional
snacks, as well as biscuits.
-
Nutrition
& special foods – produces and markets various cereals and biscuits for
infants and children, as well as milk products for expectant and lactating
mothers.
Besides, P.T.
ICBP is also engaged in investment holding by controls 100% shares of DRAYTON
PTE, LTD., Singapore engaged in investment; 100% shares of INDOFOOD (M) FOOD
INDUSTRIES SDN. BHD., Malaysia engaged in manufacture of noodles; 60% shares of
P.T. SURYA RENGO CONTAINERS engaged in manufacture of packaging materials; 51%
shares of P.T. INDOFOOD FRITOLAY MAKMUR engaged in manufacture of snack foods.
We observe the operation of P.T. ICBP has been growing and developing well in
the last two years.
Generally we
find that food industries in the country had been growing by 10% to 12% per
year within the last five years until 2010 in line with the increasing income
of the people and rising demand for export. The long-term prospect of snack
food, biscuit product, health drink is favorable. However, the competition is
very tight on account of many similar companies operating in the country. The
company has competitors not only from the local products but also the imported
ones. The long-term prospect of the company is favorable once unstable economic
condition starts recovery. Business position of P.T. ICBP remains quite well
for it has controlled a wide export network and the products have been widely
known in the country.
Production Growth of Instant Noodles, Wet Noodles, Dry Noodles, Bread, Biscuits,
Snack Foods and Other Foods, in Indonesia, 2005 – 2010*
|
Year |
Instant Noodles (Ton) |
Wet Noodles (Ton) |
Dry Noodles (Ton) |
Bread (Ton) |
Biscuits (Ton) |
Snack (Ton) |
Others (Ton) |
|
2005 |
1,357,630 |
382,046 |
85,481 |
1,299,242 |
212,660 |
168,279 |
708,085 |
|
2006 |
1,392,956 |
392,742 |
89,156 |
1,352,755 |
232,377 |
175,484 |
735,804 |
|
2007 |
1,455,427 |
412,560 |
91,757 |
1,384,388 |
249,118 |
182,518 |
756,104 |
|
2008 |
1,500,000 |
400,921 |
89,134 |
1,372,420 |
238,225 |
176,902 |
738,884 |
|
2009 |
1,800,000 |
452,255 |
96,044 |
1,392,456 |
255,445 |
182,755 |
757,061 |
|
2010* |
1,940,000 |
488,435 |
103,727 |
1,503,852 |
275,881 |
197,375 |
817,626 |
Source: Central Bureau of Statistics
(BPS) processed by ICB
*) Projected
The total sales turnover of
P.T. ICBP as from October to December 2009 amounted to Rp. 4,007.9 billion with
a net profit of Rp. 212.7 billion, increased to Rp. 17,960.1 billion with a net
profit of Rp. 1,704.4 billion in 2010. As per 30 June 2011 the sales turnover
had reached at Rp. 9,422.8 billion with a net profit of Rp. 1,050.6 billion. It
is projected that total sales turnover of the company will increase at least 6%
in 2012. We observe that P.T. ICBP is supported by financially fairly strong
behind it. So far, we did not hear that the company having been black listed by
the Central Bank (Bank Indonesia). The company usually pays its debts
punctually to suppliers. The condense financial statement is shown.
(In
million Rp)
|
Descriptions |
30 June |
31 December |
|
|
2011 |
2010 |
2009 |
|
|
A. ASSETS |
|
|
|
|
a. Current Assets |
8,151,209 |
7,017,835 |
3,800,617 |
|
b. Non Current Assets |
6,388,489 |
6,343,478 |
6,423,276 |
|
c. Other Assets |
169,156 |
136,855 |
157,828 |
|
TOTAL ASSETS = TOTAL LIABILITIES & EQUITY |
14,539,698 |
13,361,313 |
10,223,893 |
|
B. LIABILITIES
&STOCKHOLDERS EQUITY |
|
|
|
|
a. Current Liabilities |
3,467,593 |
2,701,200 |
7,378,449 |
|
b. Non Current Liabilities |
1,337,524 |
1,297,932 |
1,220,704 |
|
c. Stockholders Equity : -
Paid Up Capital -
Agio Share Total Stock holders
Equity |
583,095 5,969,721 3,476,053 |
583,095 5,969,721 2,344,852 |
466,476 - 785,140 |
|
C. INCOME STATEMENT |
|
|
|
|
a. Sales Net |
9,422,790 |
17,960,120 |
4,007,998 |
|
b. Operating Profit |
1,314,841 |
2,644,892 |
398,373 |
|
c. Net Profit (loss) |
1,050,591 |
1,704,047 |
212,732 |
Notes: 31 December 2009, 2010 Audited by Purwantono,
Suherman & Surja (PSS)
*) As per 30 June 2011 un audited
The management of
P.T. ICBP is led by Mr. Anthoni Salim AKA Liem Hong Sien (63) a businessman
with broad experience in the above business. He has also been the President
Director and Chief Executive Officer of Indofood. Prior to this appointment, he
served as Vice President Director and a Commissioner of Indofood. Mr Salim is
President and Chief Executive Officer of the Salim Group; and has served as
Chairman of First Pacific. He was awarded a Bachelor of Arts degree in Business
from Ewell County Technical College in London, United Kingdom. Daily activity
he is assisted by Mr. Tjhie Tje Fie (48), Mr. Taufik Wiraatmadja (53), Mr.
Axton Salim (32), Mrs. Werianty Setiawan (50), Mr. Hendra Widjaja (50), Mr.
Suaimi Suriady (48) and Mr. Sulianto Pratama (46) as directors. 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. INDOFOOD CBP SUKSES MAKMUR Tbk is sufficiently
fairly good for business transaction.
Attachment:
List of the
INDOFOOD Group Members
1.
ARTHANUGRAHA MANDIRI, P.T. (Coffee Powder Manufacturing)
2.
BINA MAKNA INDO PRATAMA, P.T. (Investment Holding)
3.
BIRINA MULTI DAYA, P.T. (Investment Holding)
4.
BUANA DISTRINDO,
P.T. (Trading)
5.
CEMAKO MANDIRI CORP., P.T. (Trading)
6.
CEREKO REKSA CORP., P.T. (Trading)
7.
DRAYTON PTE, LTD., Singapore (Investment)
8.
FAR EAST FOOD INDUSTRIES Berhard, Malaysia (Instant Noodle
Manufacturing)
9.
GALIOR INTERNATIONAL LTD., Hong Kong (Instant Noodle
Manufacturing)
10.
GAPURA USAHATAMA, P.T. (Investment Holding)
11.
HEKSA KREASI CEMERLANG, P.T. (Instant Noodle Manufacturing)
12.
INDOFOOD (M) FOOD INDUSTRIES SDN BHD., Malaysia (Manufacture
of Noodles)
13.
INDOFOOD FRITO LAY CORP., P.T. (Snack Food Manufacturing)
14.
INDOFOOD CBP SUKSEM MAKMUR Tbk, P.T. (Instant Noodles, Food
Seasoning, Food Ingredients, Snack Food, Flexible Packaging Industry and
Investment Holding)
15.
INDOFOOD SUKSES MAKMUR Tbk., P.T. (Instant Noodle
Manufacturing)
16.
INDOFOOD INC., the USA (Trading)
17.
INDOLAKTO, P.T. (Milk Processing Industry and Investment
Holding)
18. INDOMARCO PRIMA, P.T. (Trading)
19.
INDOMEIJI DAIRY FOOD, P.T. (Ice Cream and Food Products
Processing)
20.
INTRANUSA CITRA, P.T. (Trading and Distribution)
21.
LAMBANG KRIDASETIA, P.T. (Investment Holding)
22.
MEDIASIS INDONUSA, P.T. (Instant Noodle Manufacturing)
23.
MULTI LANGGENG NUSANTARA, P.T. (Coil Mosquito Repellent
Manufacturing and Investment Holding)
24.
MUTIARA BIANGLALA, P.T. (Instant Noodle Manufacturing)
25.
MUKTI NUGRAHA SEJAHTERA, P.T. (Investment Holding)
26.
NISSINMAS, P.T. (Instant Noodles Manufacturing)
27.
NUTRICIA INDONESIA SEJAHTERA, P.T. (Baby Food Manufacturing)
28.
PEPSI COLA INDOBEVERAGES, P.T. (Soft Drink Industry)
29.
PINNACLE PERMATA MAKMUR, P.T. (Management Consulting
Services)
30.
PITALOKA BUMISARANA, P.T. (Instant Noodle Manufacturing)
31.
PRIMA INTIPANGAN SEJATI, P.T. (Trading and Exporter and
Investment Holding)
32.
PUTRI DAYA USAHATAMA, P.T. (Trading)
33.
RFM INDOFOOD PHILIPPINES CORP., the Philippine (Instant
Noodle Manufacturing)
34.
SALIM IVOMAS PRATAMA
Tbk, P.T. (Oil Palm Plantation and Palm Oil Refinery, Cooking Oil
Processing and Investment Holding)
35.
SEMESTA RASA GOOD, P.T. (Food Seasoning Manufacturing)
36.
SUKSES ARTHA JAYA, P.T. (Management Consulting Services)
37.
SURYAPANGAN INDONUSA, P.T. (Instant Noodle Manufacturing)
38.
SURYA RENGO CONTAINER, P.T. (Corrugated Carton Box
Manufacturing)
39.
TIRSTARA MAKMUR, P.T. (Trading)
40.
UBINDO ANEKA BISKUIT, P.T. (Biscuit Manufacturing)
41.
Etc.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
|
|
1 |
Rs.77.58 |
|
Euro |
1 |
Rs.67.58 |
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.