MIRA INFORM REPORT
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Report Date : |
09.04.2012 |
IDENTIFICATION DETAILS
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Name : |
P.T. KHARISMA NUR YAMAN |
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Registered Office : |
Komplek Graha Sunter Pratama, Jalan Selat Madura Block M 29 No. 15, Sunter
Agung, Tanjung Priok, Jakarta Utara, 14350 |
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Country : |
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Date of Incorporation : |
June 2000 |
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Com. Reg. No.: |
No. AHU-39525.AH.01.02.TH.2008 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
General
Supplier, Export and Import Services of Plastic Raw Materials |
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No. of Employees
: |
07 |
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$ 65,700 |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
P.T. KHARISMA NUR YAMAN
Head Office
Komplek Graha
Sunter Pratama
Jalan Selat Madura Block M 29 No. 15
Sunter Agung, Tanjung Priok
Jakarta Utara, 14350
Indonesia
Phones -
(62-21) 6530 2665 (Hunting)
Fax - (62-21) 6583 4450
Building Area - 2 storey
Office Space - 100 sq. meters
Region - Commercial
Status - Rent
June 2000
P.T. (Perseroan
Terbatas) or Limited Liability Company
The Ministry of
Law and Human Rights
- No. C-13858.HT.01.01.TH.2002
Dated 25 July 2002
- No. AHU-39525.AH.01.02.TH.2008
Dated 9 July 2008
Private National
Company
The Department of
Finance
NPWP No.
01.989.445.0-003.000
None
Capital
Structure :
Authorized
Capital : Rp.
1,000,000,000.-
Issued Capital : Rp. 250,000,000.-
Paid up Capital : Rp. 250,000,000.-
Shareholders/Owners
:
a. Mr. Irawan
Latief -
Rp. 100,000,000.-
Address : Jl. Ketapang Utara 1 No. 24 A
Kelurahan Krukut, Kecamatan Taman Sari
Jakarta Barat
Indonesia
b. Mr.
Aminolty Latief -
Rp. 62,500,000.-
Address : Jl. Ketapang Utara 1 No. 24 A
Kelurahan Krukut, Kecamatan Taman Sari
Jakarta Barat
Indonesia
c. Mr. Ivan
Ferdinand Latief -
Rp. 50,000,000.-
Address : Jl. Ketapang Utara 1 No. 24 A
Kelurahan Krukut, Kecamatan Taman Sari
Jakarta Barat
Indonesia
d. Mr.
Randolph Ferguson Latief -
Rp. 37,500,000.-
Address : Jl. Ketapang Utara 1 No. 24 A
Kelurahan Krukut, Kecamatan Taman Sari
Jakarta Barat
Indonesia
Lines of
Business :
General Supplier,
Export and Import Services of Plastic Raw Materials
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
July 2000
Brand Name :
Kharisma Nur
Yaman
Technical
Assistance :
None
Number of
Employee :
7 persons
Marketing Area
:
Local -
100%
Main Customer
:
Industrial
Manufacturing
Market
Situation :
Very Competitive
Main Competitors
:
a. P.T. CAHAYA
PRIMA EKATAMA
b. P.T. DUTARAMA INDAH SETIA
c. P.T. LAKSANA PLASINDO
d. P.T. REJEKI ADIGRAHA
e. Etc.
Business Trend
:
Growing
Bankers :
a. P.T. Bank CENTRAL ASIA Tbk
Jalan Danau Sunter Utara No.
27-28
Jakarta
Utara
Indonesia
b. P.T. Bank CIMB NIAGA Tbk
Komplek Mitra Sunter Block B-4
Jalan
Yos Sudarso Kav. 89
Jakarta Utara
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
Annual Sales (estimated)
:
2009 – Rp. 4.1
billion
2010 – Rp. 4.6
billion
2011 – Rp. 5.0
billion
Net Profit
(estimated) :
2009 – Rp. 0.2
billion
2010 – Rp. 0.3
billion
2011 – Rp. 0.4
billion
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
President Director - Mr. Irawan Latief
Director -
Mr. Ivan Ferdinand Latief
Board of Commissioners :
Commissioner -
Mr. Aminolty Latief
Signatories :
President Director (Mr.
Irawan Latif) or the Director (Mr. Ivan Ferdinand Latief) which must be
approved by Board of Commissioner
Management Capability :
Satisfactory
Business Morality :
Satisfactory
Credit Risk :
Above Average
Credit Recommendation :
Credit should be extended under guarantee
Proposed
Credit Limit :
C.O.D. To small
amount
Maximum Credit Limit :
US$ 65,700 on 90
days D/A
P.T. KHARISMA NUR YAMAN (P.T. KNY) was incorporated in June 2000 in Jakarta by Mr. Irawan Latif and his family members namely Mr. Aminolty Latief, Mr. Ivan Ferdinand Latief and Mr. Randolph Ferguson Latief, they are Indonesian business family of Chinese extraction. According to the latest revision of notary documents of Mrs. Tati Nurwati, SH., No. 12 dated 19 June 2008 the company authorized capital was amounted at Rp. 1,000,000,000 issued capital at Rp. 250,000,000 entirely paid up. With this time the composition of its shareholders has been changed to become Mr. Irawan Latief (40%), Mr. Aminolty Latief (25%), Mr. Ivan Ferdinand Latief (20%) and Mr. Randolph Ferguson Latief (15%). The latest revision of notary documents was approved by the Ministry of Law and Human Rights in its decision letter No. AHU-39525.AH.01.02.TH.2008 dated July 9, 2008.
P.T. KNY started to be operating since July 2000 engaged in the field of general trading, export import and supply of plastic raw materials First of all this company was opened based the continuation of P.T. Wahana Karya Cakti which was closed in 1998. It was because of the recession on the rise of the currency rate and it is impossible to do an imported business in that kind of situation. After absent for 2 years, it had regained its confidence and knowledge on the need of opening the company again. A distributor company of engineering plastics has shown a profitable business up until now. It is because the scarcity of the people who still sell this kind of products and also the demand are still at large in Indonesia. Additionally also the products are still not produced in Indonesia yet and it really need to be imported from overseas. Although it can be seen some of the products are produced here but it is definitely not original alias fake. Quality still demanded in these products as they are needed in the factories. Of course they do not want unqualified products which could damage their factory’s machineries. This distributor company of engineering plastics is mostly selling a semi finished products. These products are ranging from Teflon, nylon, PE, PVC, POM, epoxy resin, pertinax, silicone and even more types. The products are mostly in sheets and rods but it can also be in other form depending on the request demanded from customers. Mr. Ir. Ivan Ferdinand Latief, Director of the company explained the whole products supplied and marketed locally through plastic products industries in Jakarta, Semarang and Surabaya. The whole merchandise goods products imported from China, India and other countries. We observe the operation of P.T. KNY is classified a small size company of its kinds which operation has been growing slowly in the last three years.
The domestic demand for various types of chemical products, plastic raw
materials had been rising by 8% to 10% on the average per annum in the last
five years in line with the rapid growth of various industrial sectors
including paint industry, plastic, ink, textile, rubber, printing and others in
the above period of times as the consumers. But, later dwindled as the global
economic slowdown since October 2008, followed by tight money policy imposed by
Indonesian Central Bank (Bank Indonesia) and also heated by political issue in
the country. The demand growth started to awake in June 2009 in line with the
amelioration of economic condition in the country. Market competition is very tough on account
of large number of other similar companies operating in the country.
Imports of Raw Materials and Auxiliary Goods, 2004-2010
|
Year |
Food and Beverages Mainly for
Industry (Million US$) |
Raw Materials for Industry (Million US$) |
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|
Primary |
Processed |
Primary |
Processed |
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|
2004 |
1,456.7 |
568,6 |
2,236.3 |
15,357.8 |
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|
2005 |
1,325.3 |
830,4 |
2,064.0 |
17,407.0 |
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2006 |
1,352.2 |
909,1 |
2,438.7 |
18,050.7 |
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2007 |
2,079.1 |
1,537.1 |
2,827.4 |
21,759.1 |
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2008 |
3,244.5 |
1,271.6 |
4,722.3 |
40,312.9 |
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2009 |
2,640.9 |
1,582.0 |
2,901.7 |
29,248.7 |
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2010 |
3,074.8 |
2,165.9 |
4,539.5 |
41,714.3 |
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Source: Central Bureau of Statistic (BPS)
Until this time P.T. KNY has not been registered with Indonesian Stock Exchange, so that they shall not obliged to announce their financial statement. The management of P.T. KNY is very reclusive towards outsiders and rejected to disclose its financial condition. We observed that total sales turnover of the company in 2009 amounted to Rp. 4.1 billion rose to Rp. 4.6 billion in 2010 increased to Rp. 5.0 billion in 2011 and projected to go on rising by at least 3% in 2012. The operation in 2011 yielded an estimated net profit of at least Rp. 0.4 billion and the company has an estimated total net worth of at least Rp. 1.0 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. KNY is led by Mr. Irawan Latief (56)
a businessman and professional manager with experience in trading, import of
plastic raw materials. Daily activity he is assisted by Mr. Ir. Ivan Ferdinand
Latief (28) an Industrial Engineer graduated from Pelita Harapan University,
Jakarta. 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. KHARISMA NUR YAMA is sufficiently fairly good for business
transaction. However, in view of the company is classified small size and
operation growing slowly we recommended to treat prudently in extending a loan
to the company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.05 |
|
UK Pound |
1 |
Rs.81.09 |
|
Euro |
1 |
Rs.67.39 |
RATING EXPLANATIONS
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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 |
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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 |
|
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.