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Report Date : |
13.04.2012 |
IDENTIFICATION DETAILS
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Name : |
P.T. CIPTA MAKMUR ADIPRATAMA |
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Registered Office : |
Jalan Pluit Karang Selatan No. 38 Block M9 SEL No. 79 Pluit, Penjaringan Jakarta Utara |
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Country : |
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Date of Incorporation : |
03.03.2009 |
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Com. Reg. No.: |
No. AHU-11834.AH.01.01.TH.2009 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading and Distribution of Food Ingredients |
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No. of Employees : |
13 persons |
RATING & COMMENTS
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MIRAs 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$ 125,000 |
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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) |
|
Indonesia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
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. CIPTA
MAKMUR ADIPRATAMA
Head Office
Jalan Pluit Karang Selatan No. 38 Block M9 SEL No. 79
Pluit,
Penjaringan
Jakarta Utara
Indonesia
Phones -
(62-21) 70999657-8
Fax - (62-21) 66603557
E-mail - wahyu_sury@yahoo.com
Building Area - 2 storey
Office Space - 100 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
3 March 2009
Legal Form :
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg.
No. :
The Ministry of Law and Human Rights
No.
AHU-11834.AH.01.01.TH.2009
Dated 8 April
2009
Company Status
:
Private National
Company
Permit by the
Government Department :
The Department of Finance
Not Available
Related
Company :
None
Capital
Structure :
Authorized
Capital : Rp.
10,000,000,000.-
Issued Capital : Rp. 2,500,000,000.-
Paid up Capital : Rp. 2,500,000,000.-
Shareholders/Owners
:
a. Mr. Hasan Lesmana -
Rp. 875,000,000.-
Address :
Jl. Pluit Barat III A No. 5 RT. 016 RW. 007
Kelurahan Pluit, Kecamatan Penjaringan
Jakarta Utara
Indonesia
b. Mr. Suharman Lesmana - Rp.
875,000,000.-
Address : Muara Karang Block B 4 T/30, RT. 003 Rw. 003
Kelurahan Pluit Kecamatan Penjaringan
Jakarta Utara
Indonesia
c. Mr. Fong
Rama Bestari -
Rp. 750,000,000.-
Address : Jl. Kencanasari Timur
9/J-30, RT. 005 RW. 007
Gunung Sahari, Surabaya
East Java
Indonesia
Lines of
Business :
Trading and
Distribution of Food Ingredients
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
April 2009
Brand Name :
Cipta Makmur
Adipratama
Technical
Assistance :
None
Number of
Employee :
13 persons
Marketing Area
:
Local -
100%
Main Customer
:
Food &
Beverages Industries
Market
Situation :
Very Competitive
Main
Competitors :
a. P.T. ANEKA
FOOD TATARASA INDUSTRI
b. P.T. HALIM CAHAYA SARANA SEMESTA
c. P.T. SAF INDONUSA
d. P.T. SURYA
PERKASA MAKMUR SEJAHTERA
e. Etc.
Business Trend
:
Growing
B a n k e r :
P.T. Bank CENTRAL
ASIA Tbk
Jalan Pulit
Karang Selatan Block A4 No. 71
Jakarta Utara
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
Annual Sales
(estimated) :
2009 Rp. 7.2
billion
2010 Rp. 8.8
billion
2011 Rp. 9.5
billion
Net Profit
(estimated) :
2009 Rp. 432
million
2010 Rp. 528
million
2011 Rp. 570
million
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
Director - Mr. Hasan Lesmana
Board of Commissioners :
President Commissioner -
Mr. Suharman Lesmana
Commissioner -
Mr. Fong Rama Bestari
Signatories :
Director (Mr. Hasan
Lesmana) which must be approved by Board of Commissioner
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$ 125,000 on 90
days D/A
P.T. CIPTA
MAKMUR ADIPRATAMA (P.T. CMA) was established in Jakarta based on notary deed of
Mr. Drs. Arif Djohan Tunggal, SH., MH., M.Kn., No. 02 dated 3 March 2009 with
the authorized capital of Rp. Hasan Lesmana, Mr. Suharman Lesmana and Mr. Fong
Rama Bestari, they are Indonesian businessmen of Chinese descent. Based on our
knowledge up to writing the report the notary documents of the company have not
undergone any changes. The company notary deed was approved by the Ministry of
Law and Human Rights in its decision letter No. AHU-11834.AH.01.01.TH.2009
dated April 8, 2009.
P.T. CMA has
been operating since April 2009 engaged in the field of trading, import,
distribution and supply of food ingredients. The merchandising goods like milk
powder, bakery ingredient, coloring food and other food ingredients is imported
from China and India. Besides, the company is also sells of cocoa products,
cocoa beverages with milk namely CANTEBURY brand.
Its food
ingredients products are marketed to various local food and beverage processing
plants like bakery processing, milk processing, instant noodles, snack foods,
edible oils and margarine processing companies among others are P.T. HEINZ ABC
INDONESIA, P.T. ABC PRESIDENT ENTERPRISES INDONESIA (the ABC Group), P.T.
NISSIN MAS, P.T. JAKARANA TAMA, P.T. KARUNIA ALAM SEGAR (the WINGS Group) etc.
P.T. CMA has established many regular customers both in Jakarta, Surabaya,
Semarang, Bandung, Yogyakarta, Medan and other Indonesian major cities. P.T.
CMA's operation has evidently been running smoothly and growing.
The demand for
ingredients and food ingredients and food seasoning products has kept on rising
by 10% to 12% per annum in the last three years in line with the sustained
growth in food and beverage processing industry in Indonesia as well as the
improving of population income. The demand growth will go on rising by 10% per
annum in the next three years. Market competition is very sharp considering
many other similar imported products offering on the local markets. P.T. CMA in
this case is not doing very badly on account of it has built a fairly close
connection with several leading food and beverages processing plants in
Indonesia. We are sure that P.T. CMA has high ability to further expand its
business in the future.
Until this time
P.T. CMA has not been registered with Indonesian Stock Exchange, so that they
shall not obliged to announce their financial statement. The management of P.T.
CMA 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. 7.2 billion rose to Rp. 8.8 billion in 2010 increased to Rp.
9.5 billion in 2011 and projected to go on rising by at least 4% in 2012. The
operation in 2011 yielded an estimated net profit of at least Rp. 570 million
and the company has an estimated total net worth 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. CMA is led by Mr. Hasan Lesmana (57) a businessman and professional
manager with experience in trading, import and distribution of food
ingredients. 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 companys litigation record is clean and it has not
registered with the black list of Bank of Indonesia. P.T. CIPTA MAKMUR
ADIPRATAMA is sufficiently fairly good for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.44 |
|
|
1 |
Rs.81.96 |
|
Euro |
1 |
Rs.67.60 |
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 SCs 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.